In the middle of the night, I saw a bunch of people chasing "arbitrage opportunities" on the chain again. To put it simply, the moment you click in, you might already be paying tuition for others. Sandwich attacks are the most annoying: you think you've captured the price difference, but once slippage opens up and gas fees rise, you're left with nothing but air, while conveniently feeding others' transaction fees.

Recently, staking unlocks and token unlock calendars have been repeatedly mentioned, and everyone is anxious about selling pressure. I'm actually more worried that thin liquidity makes it easier to get squeezed, especially in those "seemingly attractive" pools. There are many tutorials, but I now prefer to watch those that specifically discuss failure cases, how they get squeezed, and how to escape... Slow down a bit, missing out is better than hitting a mine.