I'm now looking at whether the project is serious about doing things, rather than shouting more on Twitter first.

First, focus on how the treasury spends: is the money invested in deliverable milestones, or in "consultant fees/market cooperation/community incentives" that keep getting delayed and end up in pockets?
To put it simply, there are three points: whether the spending pace matches the progress, whether there is a budget cap and rollback mechanism, and whether there are verifiable deliverables after each expenditure (even if it's just a repo, audit, or a schedule for deployment being fulfilled).
If they are spending every month but the milestones are always "next week," I assume they are just getting by.

Recently, I was a bit slow to catch up on that bunch of rhetoric about royalties, I only finished catching up a couple of days ago... but it can also be framed: shouting about creator income while pushing incentives to secondary markets for liquidity, and in the end, the treasury burns like fireworks, and creators don't get stable cash flow.
That's pretty awkward.
Anyway, I now prefer to bet less, and wait until they run the "spending = progress" chain smoothly before proceeding.