Over the past two days, I keep seeing a bunch of PFPs shouting “Membership Rights Upgrade.” To put it bluntly, it’s all about grabbing attention first, then telling the story little by little. I’m not saying I don’t believe in long-term value, but it has to be able to turn into a sustained usage scenario/identity—not just propping up face with profile-picture floor prices. It’s a bit like doing LP with me: daily fee income coming in every day feels solid, and impermanent loss also needs to be kept in mind and accounted for like part of everyday life—don’t let temporary excitement carry you away.

That last wave of extreme funding rate swings sparked endless arguments in the group: is this a reversal, or is it just squeezing more bubble? I was also feeling itchy to act—I even briefly thought, “Forget it. Uninstall so I won’t have to see it, and it won’t bother me…”—but in the end, I still didn’t uninstall. I just adjusted my positions and expectations to move more slowly. Attention comes and goes, but what remains is the kind of thing you’re willing to hold onto and actually use.