Just woke up and checked the blockchain again, seeing a project’s treasury funds flowing out one after another. Half the comments are shouting “Whale action, steady now,” but I’m actually more concerned about where the money is going, how long it stays out, and when it flows back into the ecosystem. Honestly, projects that are truly working will have expenses aligned with milestones: audit fees, infrastructure, developer subsidies—these might be slow but steady; whereas those that today allocate a large sum to “market cooperation” and tomorrow switch to a bunch of new wallets to disperse funds, make me a bit nervous, like they’re rushing to meet KPIs. Recently, AI Agents and automated trading have been quite popular, and the more hype there is, the more security needs to be scrutinized: contract permissions, whether proxies can be changed at will, whether funds are held in layered escrow. Anyway, right now I look at the treasury, not slogans, but the path and turnover speed. Sometimes I get fooled by fake moves, but I can only accept it… for now.