Recently, I've been paying attention to NFT liquidity, and I feel like the floor price is often just "the lowest trading record of sentiment," not true consensus. It's normal for the debate over royalties to be so heated: creators want ongoing income, while traders are afraid that any additional friction will scare off buyers... Honestly, the more the narrative is spun, the more lively it gets; but when it comes time to sell, everyone still looks at depth and order books first.

Right now, I care more about whether the community's content can continue to be produced, whether new people are coming in, and whether the royalty rules are fluctuating back and forth. When the narrative cools down, the floor price will be very honest; when it heats up, don’t take it too seriously. When liquidity tightens, no matter how good the story is, it’s easy to get stuck. For now, that’s how it is—being cautious is never wrong.