During my lunch break, I checked the on-chain trades. Lately, I’ve been seeing sandwiches and all kinds of small arbitrage, and it’s starting to get a bit... much. You think you’ve spotted a price difference, so you click in—then you realize slippage plus fees plus that “sandwich” layer all end up on your head. Put simply, the opportunity you see might just be someone else collecting the tolls steadily.

Now there’s yet another bunch of people talking about staking unlocks and token unlock calendars, and that selling-pressure anxiety they bring up every day is always hanging around. I’m actually more interested in figuring out where the money is flowing for real—whether TVL is truly rebounding—rather than making decisions based on emotions. Even my colleague next door asked me, “Isn’t this just someone knowing in advance that you’re going to buy?” All I can say is, pretty much... Anyway, I’m currently more inclined to go for blue-chip protocols with deeper liquidity. Small amounts first, that’s it.