I also watched this wave of hype in Meme, but to be honest, I care more about "how to gracefully admit defeat." I first set a stop-loss: define the invalidation condition at the moment of entry, not based on K-line mysticism, but on whether the narrative has broken— for example, if the hype is still there but on-chain new addresses, distribution of coins, and transaction counts start collapsing, it's basically over. Another scenario is "rising very happily but retracing and wiping out two days of gains in one pullback," I will cut it in half immediately, and treat the rest as a lottery, don’t argue with yourself.

Someone asked, "Won't that just get washed out repeatedly?"… I’d rather be washed out a few times than be pierced through by a single needle. The kind of inflation and hype created by on-chain games and studios, once the coin price spiral starts, if you don’t cut losses decisively, it becomes a long-term hold, which is quite scary. That’s all for now, the coffee is getting cold.