Just went through a bunch of meme narratives, and the pace is insanely fast—once someone brings up “culture,” people start rushing in. A friend asked me if I should follow along, and I told them to first think through how to run. No matter how hot it gets, once liquidity gets drained, it all breaks right through—just like a liquidation trigger. If the collateral ratio isn’t enough, nothing matters. The recent NFT royalty back-and-forth drama is also pretty interesting: creators’ income and secondary liquidity are inherently at odds—basically, it comes down to who can’t hold out first. In any case, I’ve set my position and stop-loss line and left them there; I won’t move until the parameters hit. Don’t say it’s slow.