Recently, a few more chain-game tokens have spiraled again—people in the group are posting screenshots of their airdrops, while others are cursing “anti-rug” tactics. I’ve experienced both, honestly.

To put it bluntly, interaction is basically betting now. The project teams are really shrewd: right before snapshots they suddenly change the rules, add new requirements, or simply carry out a “witch purge.” My current approach is pretty cautious—spread small amounts out; once you do it, just treat the money as if it’s gone. If an airdrop actually comes through, then it’s a pleasant surprise.

On positioning: if the interaction cost exceeds the 30% return I’m mentally prepared for, I just pass. Some pools are clearly designed to attract liquidity—going in just means you’re becoming a backstop for those workspaces. And if the inflation model is obviously unsustainable, you should steer clear even more.

The hardest part of FOMO is watching other people post their wins, but the losses that don’t get posted are completely invisible to you. That’s the plan for now. Tonight I’ll keep an eye on the capital flows of a few new protocols—if anything looks off, I’ll call it out.