These past couple of days, I checked out a few more NFT collections. The floor prices look okay, but when it comes to selling, the depth is as thin as paper... To put it simply, it's poor liquidity; the floor price is just a "showcase price." Royalties are also quite awkward—if you turn them on, buyers complain they're too expensive; if you turn them off, creators have no motivation. In the end, only the community narrative keeps the hype going.

Recently, everyone has been talking about staking unlocks and token unlock schedules. As soon as the selling pressure and anxiety kick in, even projects that tell stories with NFTs start to worry about whether someone will buy the dip.

Now, before I place an order, I check the on-chain order book and transaction intervals. If I feel discouraged, I won't push hard. Of course, when FOMO hits, it's hard to say. Anyway, that's how it is for now. We'll chat again next time.