I checked a few NFT transactions this morning, the floor price still looks stable, but once I try to sell, I realize liquidity is actually quite thin... To put it plainly, everyone talks about community narratives, but in practice, they’re still looking at “can I sell it at any time.” The royalty issue is also awkward: setting it too high makes trading colder; setting it too low feels like overdrawing on creators and future activity budgets, ultimately leaving only the floor price holding steady.

I’m more focused on monitoring on-chain order books and holder changes, rather than following the emotional timeline and rushing along with it. Recently, modular and DAO-level narrative developers are excited, but ordinary users look confused. I see a similar pattern in NFTs: when narratives are hot, everyone understands; when it cools down, only questions like “who’s going to take over” remain. Anyway, I’d rather go slow now, wait until liquidity has a bit of a “breath” before acting.