Recently, I saw someone arguing about secondary market royalties, basically about whether "creators should share a long-term cut." The idea sounds ideal, but once you throw it into trading, it becomes: who enforces it, who doesn't, and whether the market for enforcement will be abandoned due to liquidity. Looking at on-chain holdings distribution is actually quite honest; when royalties are high, the number of people willing to hold long-term hasn't increased, but short-term traders are more eager to exploit loopholes. If royalties are bypassed, don't rush to criticize—blame the market as well, after all most people here aren't doing charity, they're here to find an exit.

Then public opinion likes to link ETF capital flows, US stock risk appetite, and crypto price movements, making it seem like everyone suddenly cares about creator rights… In reality, sentiment comes and goes quickly; before royalties are fully discussed, the candlestick charts will teach people a lesson first.

That's all for now.