These days, I’ve taken a few more looks at NFT liquidity, and honestly, it’s still just the floor price with limited depth: someone places an order, no one eats it, community narratives cool down, and the floor seems to be pulled out like a chair. Royalties are also quite awkward—set too high, traders avoid it; set too low, creators have no motivation. In the end, what’s left is who still wants to speak up in the group, host events, or onboard newcomers. It reminds me of the collapse points in blockchain games—inflation + studio minting + coin price spiral. Once everyone only focuses on “monetization,” the story just dies out. Anyway, I’m only dabbling with small positions now, taking profits in batches when I make gains, with the keys sleeping in a cold wallet, keeping a steady mindset.