Recently, I've seen people watching large on-chain transfers and fluctuations in exchange hot and cold wallets, claiming that "smart money is coming," but I find it a bit amusing... Money moving doesn't mean the narrative is hot. This is even more obvious with NFTs: the floor price looks okay, but when it comes to selling, liquidity is extremely thin, and a small slippage can quickly crush people's confidence. Royalties are also quite awkward; setting them high results in fewer listings, while setting them low makes the community feel "disrespected to the creators." Honestly, what ultimately sustains the floor price is that shared consensus and sentiment—when it cools down, it just cools down. Don't use a few transfers to yourself as an excuse. Anyway, I now prefer to buy less rather than be the last to catch the falling knife in the hype.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned