Lately, the NFT market has been a bit strange: the floor price listings are quite stiff, but actual transactions are few, as if liquidity is quietly being drained. Royalties are also quite awkward; if set high, buyers turn to zero-royalty platforms; if set low, the community starts complaining that "the narrative can't survive without money." Basically, many projects' popularity now relies entirely on momentum; when the narrative cools down, the floor price is like a mountain road without an umbrella—sliding very quickly.

The attention shifts again with meme and celebrity shoutouts, and newcomers are most likely to impulsively jump in for the final baton. Anyway, I personally prefer to go slower now, with fewer listings, lighter positions, and observe whether the community is genuinely working or just posting pictures and shouting slogans... Better to open the umbrella first.