Just woke up and checked the blockchain, and some old NFT floor price was swept up again with one or two trades, clicked in and saw the listings were as thin as paper… Honestly, liquidity is too honest: when the hype is high, everyone pretends not to care about royalties; when it cools down, royalties suddenly become the “main obstacle to trading.” The louder the community shouts, the fewer people are willing to take over, and you can tell who’s just holding on tight when slippage jumps. Recently, the “compound yield” staking method has been criticized as a copycat, but I think NFT is pretty much the same—hype relies on stacking emotions, and when it cools, all that’s left is floor price testing each other. Anyway, I don’t get excited when I see the floor move up now; I prefer to check the depth first, to avoid waking up too late and catching a lonely trade.