Lately, when I look at projects, are they really working hard? I’d rather check the treasury expenditures and milestones to see if they match. Honestly, no matter how good the milestones sound, if the money spending rhythm feels off, it’s all just superficial: development/auditing/operations with reasonable proportions and deliverables visible in a few months are considered solid; if it’s a long-term “market cooperation” or “ecosystem incentives” with a bunch of on-chain addresses constantly changing, and milestones keep getting delayed... I start to get nervous.

Another small observation: now everyone is complaining about miner/validator income, MEV, and fairness in ordering. If the project truly cares about retail investor experience, at least they should explain in the roadmap how to reduce front-running and make transaction ordering more transparent, instead of pretending not to see it. Anyway, my rule is simple: don’t add to your position or expect miracles. If you don’t understand, just pretend it didn’t happen.