Lately, watching the de-pegging of stablecoins, it increasingly resembles a "contagion narrative": usually everyone talks about reserves, audits, transparency—basically, as long as the market isn't panicking, it's no big deal; once someone starts to doubt, even just a slight fluctuation, the panic to withdraw takes over the mind, on-chain transfers look like a queue to escape… The more you explain "I have reserves," the more others think "Then just let me redeem now."


This is quite similar to the attention shifts in memes—when a celebrity shouts a buy signal, newcomers rush in thinking they're getting on board, but seasoned players are sighing nearby: don't take the last baton, when the emotional turning point hits, the fastest to run isn't always the most knowledgeable, but the first to hit confirm.
Anyway, tonight I'll revoke the authorizations on a few old contracts to avoid scrambling when I panic.
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