Just now, my phone popped up another red dot, saying that a certain meme chain’s on-chain hype has skyrocketed... My first reaction wasn’t to rush in—it was to pull out the TVL mini chart I drew myself and calm myself down. Basically, while the commotion is one thing, once the story starts to get people caught up, they’re easy to overcommit. So my stop-loss for memes is set very hard: first, assume I misread it; if it drops below my acceptable threshold, I automatically treat it as having no fate—better to miss out than to keep holding a position through a loss. Recently, there have also been people complaining that on-chain data tools and the tagging system are lagging, or even can be misleading, and I kind of feel the same. So now I trust more in whether capital inflows and outflows are continuous and whether there are signs of cash flow; tags are only for reference. In any case, I only buy memes with a small position for a sense of participation—sleeping well matters more than making more money.