Recently, I've been looking at NFT liquidity again and found that the floor price is quite "psychological": when community narratives heat up, people are reluctant to list; when the narrative cools down, the floor price drops like water leaking. Royalties are even more awkward—honestly, everyone wants to support creators, but when it comes to trading, they start looking for low-fee channels. After all, wallets are more honest than words.

Others think that if NFT prices fall, the project is dead. In reality, many times it's just that liquidity is too thin to withstand two sell orders, and the rest is just emotional support from chat groups.

By the way, recently I've seen retail investors complain about validator income, MEV, and unfair ordering, and I resonate a bit: on-chain, it looks like "fair matching," but in reality, who goes first or second isn't always determined by who clicks faster... Now, when I buy near the floor, I always check the contract and historical transactions first. Even if I’m careless, I need to see the trap clearly before stepping in.