I’m not really good at the whole narrative routine, but over the past couple of days I’ve been watching a few NFTs’ floor prices and order-book depth, and it feels like liquidity is more honest than whether the “community is hot or not.” If the floor gets thin, any rushed sell can drive the price straight through; if royalties get bumped up, the market makers basically just “play dead.” Trades still look like they’re happening, but in reality it’s only a few bids and asks propping things up, feeding each other to save face… Anyway, when it starts cooling down, it cools down fast.

It’s kind of like the recent chain-game crash recap: once inflation kicks in, the studios pull out, the coin price spirals downward—no matter how much players yell, they can’t hold the line. On the NFT side, I’m more focused on whether I can exit smoothly; the royalties and the storytelling can come later. When the network gets congested, what I’m more afraid of isn’t selling cheaply—it’s not being able to sell at all. For now, that’s it—I’ll keep squatting and watching the block/processing rhythm.