Recently, some people have taken “a rise in stablecoin supply = an ETF pump is coming = off-exchange money rushing in” as an iron law… To put it simply, correlation is not causation. More stablecoins might just mean everyone is moving their ammunition first, or arbitrage funds are circulating there in a loop—it’s not the same thing as “getting ready to take off.” I, too, don’t dare to charge in just because it’s trending like a meme fan: first I glance at the concentration of holdings. If the whales are too tightly packed, I’ll just back off like a cat’s paw sliding: I don’t touch it.

By the way, let me complain a bit about social mining and the whole “attention is mining” pitch for fan tokens—it sounds super exciting, but in reality, a lot of the time it’s just your attention getting mined away, and your wallet getting drained… I treat complexity like an enemy: if I can’t understand it, I don’t play. Anyway, it’s not shameful to be less of a “victim” trader—better to get cut less often than not.