These days, some people are treating AMM as a piggy bank again... To be honest, no matter how smooth the curve is, it can't stop you from front-running others. When the price moves, your position automatically shifts toward the side with "less gain/more loss," and impermanent loss isn't some mystical concept; it's the cost you're willing to pay in exchange for trade execution. Especially with NFTs, when the floor price jitters or the order wall is pulled, slippage becomes even more obvious.

I just tried to add some liquidity with 0.003 ETH, and after watching for 10 minutes, I wanted to withdraw, but the transaction fees almost ate up all those potential gains... Anyway, market making isn't a get-rich-quick scheme; you need to think carefully about what risks you're actually selling. By the way, many on-chain data tools and tagging systems are criticized for being laggy and misleading. Don't be too superstitious about those "smart money" labels—misreading them can lead to even more frustration. That's all for now.