Recently looked at the recent trades of a few old NFTs and found that liquidity really is an emotional temperature gauge: when the floor price has support, everyone starts telling stories; once nobody is backing it, even the hottest narrative can cool off instantly. Royalties are also pretty delicate—put simply, creators want steady long-term cash flow, while traders just want to keep friction and fees as low as possible. In the end, it comes down to which is more forceful: the platform or the community.

Now there’s a flood of testnet incentives and expectations of points, and people ask in the group every day, “Will the mainnet really issue tokens?” I’m actually more concerned about whether those points and the traffic they attract will ultimately translate into real buy demand—or whether it’s just a brief spike that then fizzles out. Observe the path of the funds first before you act; don’t let yourself be pushed around by the hype.