When I look at whether a project is actually doing work, I don’t just rely on a few roadmap posts on Twitter. To put it simply, I’m watching how the treasury money is spent and how the milestones are delivered. If treasury outflows always get stuffed into big buckets like “market/BD/consultants,” and you can’t see any corresponding actions on-chain, I start to get uneasy… On the flip side, if I can match a specific expense to a version update, an audit report, or a change in revenue, then even if TVL drops, I’m still willing to dig for another two days.

Recently, there’s been another wave of meme hype plus celebrity “buy/sell” shouts—attention is rotating like crazy. Newcomers, don’t rush in. The last step is usually not that appealing. In any case, what I’m doing now is screenshot and save “big things next week” first, and only talk after they truly deliver. No matter how stubborn people’s mouths are, the money is still my own.