Over the past couple of days, I checked the floor prices and transactions of some old NFTs, and it really feels like liquidity can disappear just like that… There are a bunch of listings, but the buy orders are very thin. Once the narrative cools down, everyone doesn’t even have the patience to say “let’s just see how it goes first.”

Royalties are also quite awkward: setting them too high makes the secondary market even less active, setting them too low feels like draining the community’s energy. In the end, it all circles back to “is there still anyone willing to tell this story?”

Watching the group repeatedly check the unlock calendar and stress over staking unlocks and the associated selling pressure, I actually understand better why NFTs just go straight to lying flat when things cool down: at least with tokens, you can wait for the market sentiment to warm up, but JPEGs with no liquidity are just stuck.

Right now, I prefer to be a bit more troublesome: spend ten extra minutes double-checking links and contract addresses before listing or transferring, and if necessary, sign with a hardware wallet. Even if it costs more, I accept it… Buying wrong once is basically just paying tuition, I can’t handle the mental stress.
That’s all for now.