After scrolling through posts about the royalties controversy for half a day, I saw a lot of people arguing about whether to “open the royalty threshold.” Right from the start, everyone split into camps. But honestly, there’s really nothing worth taking sides on.

To put it plainly, the secondary market itself is a multiplier of liquidity. Royalties are originally meant to be long-term income for creators, but the moment they show up and markets start getting organized around them, when real money actually gets put in, buyers will definitely start doing the math. When I’ve been watching the on-chain data, I’ve seen too many cases: the higher the royalties, the liquidity collapses immediately. Ironically, those projects that end up looking decent because they “earn well from royalties” are the ones that ultimately end up with no one really benefiting in the end.

Anyway, my own habit is: when the anxiety from the unlock calendar starts acting up, I first check the interaction records between addresses, or look at historical data. If the talk about sell-pressure panic keeps coming up, then I go back on-chain and review the old accounts—how much was actually sold after the last unlock, and how much buyers effectively pulled away after that. I don’t get tangled up in short-term emotions, and the anxiety ends up being less.

In plain terms, staying calm means learning to “look more at the existing supply and demand, and less at the hype.” Don’t pretend you understand. Don’t go long impulsively. Just that.