Recently, I've seen people again using stablecoins as a cash substitute that "will never have issues," honestly, I want to believe it too, but every time there's a rumor, the panic withdrawal mentality really moves faster than on-chain data. Transparency of reserves is something no one usually pays attention to, but when things get tense, it suddenly becomes everyone's only source of security: if you say you have it, then show something verifiable, otherwise the market will fill in the worst-case scenario on its own.

The attention shifts caused by memes and celebrity endorsements are also quite obvious; newcomers get excited and want to jump in, while veteran players advise "don't take the last step." It's not pretending to be knowledgeable, it's because they've seen how stampedes happen. Anyway, my current approach is more straightforward: first look at public disclosures and on-chain liquidity, then check if the gas fees are high when swapping out, and whether you can really exit smoothly... for now, that's it. Romantic as it sounds, don’t let yourself become a test subject.