Recently, I saw a bunch of PFPs with the word "member" hanging and then starting to tell brand stories... I'm not saying it's useless, but honestly, most of the time you're buying attention, not long-term value. If something can truly hold up long-term, I would first look at whether the distribution of holdings is just a bunch of short-term chips crowded together, then check the on-chain cost basis. If it's rising wildly and all low-cost addresses are quietly selling, then no matter how "advanced" the membership is, it's pretty虚.

And that main public chain upgrade/maintenance, before and after, everyone in the group is guessing whether the ecosystem will migrate. I actually think it’s better to see which projects rely on narrative sticking and which truly have users. Migration isn’t important; the key is not to panic and start selling when an upgrade happens.

Anyway, when I see a sharp rise now, I hold back first, look for "who is selling," and don’t get led by profile pictures and whitelists... We’ll chat again next time.