These days, I’ve been flipping a few new NFT pools again. To be honest, liquidity really just depends on the floor price: if the floor softens, no matter how hot the narrative is, it’s like an air conditioner outside unit—buzzing but not warming. Royalties are even more awkward; when prices rise, everyone pretends to support creators, but when they fall, the group starts saying “Can you just shut me out so I can get out,” which I understand—if you want to run, just run. Recently, the staking unlocks and token unlock schedules have been repeatedly mentioned, and the selling pressure anxiety is being transmitted to NFTs: some are eager to swap their images for stablecoins, while others are stubbornly telling stories. Anyway, I’m just testing the waters—first, I look at contract permissions and fund flows; don’t let it end up not even being a floor, but a hole. The group chat atmosphere is pretty good; we complain and vent, but at least no one pretends they’re guaranteed to win.

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