I look at whether the project is serious about doing things, or if they are focusing first on how the treasury is spent: whether monthly expenses have a rhythm, whether the money is invested in tangible areas like development, security audits, and operations, or if they are daily sponsoring conferences, buying traffic, and inviting KOLs to hype.

Don't just listen to slogans for milestones; it's best if they match on-chain actions: code updates, tightening contract permissions, and fund unlocks with announcements and clear explanations.

Ask me how to tell if someone is just pretending to be busy?
Check if the expenses correspond to verifiable progress.

Recently, when Meme and celebrities shout, attention cycles spin very quickly, and newcomers can easily chase the last baton…
Now I’d rather withdraw and wait, seeing the treasury spending more and more like a “worker’s reimbursement” with messy accounts, I just pretend I didn’t see it—living is the most important thing.