These days, I’ve been tracking on-chain data and came across a blockchain game pool. A few days ago, it was quite lively, but then the output started increasing rapidly, and the people coming in became more and more relaxed, while the withdrawal addresses became more active... Watching that “claim tokens—sell—claim again” cycle, I started to feel a bit uneasy. By the way, hardware wallets are sold out, yet there are still a bunch of people clicking on unknown links—it's really ridiculous. Phishing now is as common as street promotions.

To put it simply, blockchain games are most likely to fail due to “inflation + no real consumption”: they give out a lot of rewards, making it look attractive, but lack enough avenues for recycling (like upgrades, repairs, entrance fees), and in the end, everyone just piles into a sell order, draining the pool until only a broadcast-style exercise remains. Anyway, whenever I see the output curve suddenly steepening, I won’t rush in. I’d rather earn less than be the last one to pass the baton. Safety-wise, it’s the same—don’t be lazy. If you can avoid clicking links, don’t click them. That’s all for now.