To be honest, recently those PFP projects have started doing memberships and brand upgrades again, and when I hear it, I find it pretty funny. Basically, consensus comes fast and goes fast—you can’t lock value with just a profile picture; you’d better think about who will pick it up after it gets unlocked. The moment rate-cut expectations hit, everyone seems to think the narrative is coming back, but when the U.S. dollar index and risk assets rise and fall together, liquidity preference is actually pretty fragile. I’m not sure where the long-term value will be anyway—at least it’s more practical to keep an eye on the order book.