Today I kept staring at the mempool, and when I saw someone shout, “XX stablecoin seems a bit off,” my hands started itching to jump in. But when I think about it, de-pegging is, in plain terms, a run-on-the-bank kind of psychology: no matter how tough the reserves are, if everyone runs together, it’ll still shake. Transparency is also pretty mysterious—no matter how beautifully the report is written, it’s not as good as having on-chain data that can be checked anytime, and people have to actually believe it. Lately, those on-chain data tools/tagging systems have also been criticized for lagging and potentially misleading people, right? If panic really hits, look at whichever panel you want—you’ll see it’s always half a beat behind. I’ll admit it: I’m a little envious of people who can get firsthand information immediately… like me, I can only scroll memepool like it’s social media, watching big orders float by, imagining a whole bunch of plotlines, then telling myself not to get carried away. Anyway, I’m splitting up my stablecoins for now; I’d rather deal with the inconvenience than wake up in the middle of the night feeling like I’ve been poked awake by a needle.