Last night I couldn’t sleep again and stayed up until dawn, staring at the "1.00" on the stablecoin and starting to imagine it might depeg... Honestly, everyone usually acts very calm, but once someone in the group asks "Where are the reserves?" or "Who did the audit?", the panic sentiment immediately ignites like a fire, and it’s completely irrational. Transparency might be annoying most of the time, but when something really happens, you realize it’s like a painkiller—without it, you can only rely on faith to tough it out. Recently, I’ve been repeatedly discussing staking unlocks, token unlock schedules, and with the added anxiety of selling pressure, people are more likely to run first and ask questions later. My current approach is pretty timid: I’ve capped my position limits, and I don’t dare put all my stablecoins in one basket—if I lose, I only lose some transaction fees, at least I won’t be startled awake in the middle of the night.

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