Just woke up and checked the market—those ETF fund inflows and outflows again got twisted by every kind of big shot into “crypto rise/fall codes,” as if it were real. Anyway, I don’t believe it. The attention-economy thing moves faster than a girlfriend’s mood swings in summer. Yesterday they were hyping an AI narrative; today the money runs to RWA. So go ahead and chase—once you finish chasing, you get trapped by the next wave.

People like me who like studying crash samples actually find it pretty interesting now. When a hot topic explodes, on-chain interaction costs shoot up, gas fees fly to the moon, and ordinary users rushing in are basically footing the bill for smart money. And if you look at the timelines of those rug-pull projects, you’ll notice many similar patterns—manufacture hype first, then cash out. In essence, it’s not much different from the current rotation of hot sectors.

Don’t learn from me—I’m just looking at on-chain records and picking at the cracks left behind after things collapse. Either way, being cautious is right. Attention is valuable, but what’s even more critical is your principal. That’s it for now.