Lately, I've been scrolling through data on the NFT side until my eyes hurt… The floor prices are still there, but as soon as I try to make a move, I realize the liquidity is as thin as paper, with many listings and few transactions. Royalties are also quite awkward; honestly, everyone wants to support creators, but when the market cools down, people only care about “can I get out quickly,” during hot times they talk about sentiment and ideals, and when it's cold, it’s just about slippage and transaction fees.

Recently, a few words from memes and celebrities can divert attention, making it easy for newcomers to jump in and take the final shot, while veteran players can't be persuaded. Anyway, I’ll just keep sitting in the back row raising my hand, and when voting, I pay more attention to how the incentives are designed: don’t treat a sprint like a marathon, leave some things in the community to help everyone get through the cold spells.