Recently, I’ve been reviewing a few sets of PFPs I collected earlier. To be honest, the artwork is still quite good, but the "membership benefits" that were hyped back then now mostly amount to group chat emojis... Brand things really depend on attention. When it’s hot, it’s like the lights are on; when the lights go out, you see everything.

I still trust liquidity more for long-term value: only when someone is willing to take, willing to use, and willing to keep telling stories on the chain does it truly stay alive.

By the way, hardware wallets have been out of stock lately, and phishing links are everywhere. It feels like everyone’s security awareness has improved, but they’re also more anxious.
Anyway, when I see things like "airdrop registration," I just ignore them for now—better to miss out than get kicked out.
Small-scale market making is the same; whether it makes money or not is another matter, but it’s better to survive a little longer.