Today I was bombarded with group messages that gave me a headache, dozens of "Hurry up and get in" messages flooding the chat, basically treating your attention as fuel to ignite. Impulsive buying decisions, don’t blame the KOLs entirely; the collective hype psychology in the group is even more toxic: what you see isn’t information, it’s emotions competing for liquidity. From a market-making perspective, the thinner the layer when it’s "just one more person needed," the more likely it is the thinnest part, and chasing in at that moment becomes someone else’s exit liquidity. As for social mining and fan tokens—this "attention equals mining" idea—I don’t think it’s a false proposition, but the miners aren’t you; they’re the platform and the token issuers. What you mostly mine is anxiety. My approach is very simple: when I see a sharp rise like a needle, I first turn off the news, wait 15 minutes to check the order book depth, and if I still want to buy, then I proceed.

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