Lately, browsing NFT markets, it feels like liquidity is like water—when it cools down, it all rushes to the floor; when it heats up, only then are people willing to raise prices and tell stories. Royalties are also quite delicate: if they’re too high, transactions directly break off; if they’re too low, it’s like siphoning off the community’s "consensus funds," and in the end, only narrative can hold things up. To put it simply, when the narrative cools, the floor price becomes the bottom line of actual demand...

By the way, I saw that before and after the main public chain upgrade, everyone is guessing whether ecosystem projects will move. I’m actually more interested in: if they do migrate, will NFTs on the old chain directly become "legacy assets," and will liquidity suddenly freeze? Recently, I’ve also been making some small adjustments for myself: less shouting and more watching order book depth and transaction rhythm, don’t get carried away by one or two hot posts. Let’s start with this.