These days, the "new narrative" is once again flooding social media, attention feels like it's being pulled along, and before you know it, you're just helping others promote their projects. To be honest, it's not wrong for hot topics to rotate; what's wrong is that I get excited and hand over my judgment: seeing screenshots from others, influencers hyping it up, my hand gets itchy... Then I look back and realize that the project's cash flow and story don't match at all.

Recently, hardware wallets are sold out everywhere, phishing links are flying around, which reminds me: first, secure the bottom line of safety, don't chase hot topics while losing the keys. The information environment is too noisy, and my noise-canceling strategy is simple: only focus on the three things I can explain clearly—where the money comes from, how it flows, and whether I can sleep soundly in the worst case. As for everything else, just cross it off for now.