I'm now looking at whether projects are serious or not.

First, don't listen to the roadmap; look at how the treasury funds are spent.
No matter how full the milestones are written, the expenses are all "consultant fees" and "market collaborations,"
Wallets are quickly transferred into multi-signature wallets controlled by a few people, or directly transferred to CEX deposit addresses...
Basically, it's all just a show.
On the other hand, those that unlock funds in stages and can match each expenditure with deliverables (code, audits, product iterations),
Even if it's slower, I'm willing to stay alive for an extra day to see how it turns out.

Recently, the wave of AI Agents/auto-trading is also quite annoying.
Some projects talk about "on-chain interaction of intelligent agents," but their contract permissions are open like a buffet,
Any owner can change routing or drain funds from pools,
It's like opening an amusement park or setting a minefield.
Anyway, before I test the waters, I focus on permissions and fund flows.
No matter how appealing the narrative, don't treat me as fuel.