On my way to work, I check the on-chain activity. Recently, when looking at projects, I focus on two things: where the treasury funds are spent and whether the milestones match up. To put it simply, most of the money is being used for "ecosystem incentives," KOL collaborations, and conference travel, while the development wallets are surprisingly lean... I default to thinking: they’re buying attention, not building a product. Conversely, expenses like audits, developer salaries, infrastructure, and bug bounties— even if progress is slow—are more reassuring than daily pie-in-the-sky promises.

Now, Meme/celebrity pump calls are hot again, attention shifts so quickly it’s like following the trend. I truly agree with veteran players advising newcomers not to take the last step. Those who rush in emotionally usually end up as “liquidity,” and I don’t want to be called a bagholder... Anyway, when I see the treasury start throwing money around wildly and milestones repeatedly delayed, I give a few firm words, but my hand has already clicked to withdraw. Let’s leave it at that for now.