Today monitoring on-chain transactions, I found that many "guaranteed profit" arbitrage opportunities are actually like microphone echoes in KTV, sounding pretty good but actually just providing background noise for others... The sandwich trades are too common, you think it's arbitrage, but at the moment you click confirm, it might already have become someone else's fee source. Anyway, I'm now more cautious: split large orders as much as possible, set smaller slippage, and if you can use limit orders, don't force market orders—better to eat less than to become the meat.

Recently, I've been talking about social mining and fan tokens, saying "attention is mining," but I think it's more like "attention is fuel." When things are lively, everyone can get some sugar; when it cools down, only fees and emotions remain. For now, that's it. I'll do another round tonight to rebalance; even if I lose, it's just paying tuition for review.