Over the past couple of days, I went back to check the floor prices of a few old NFTs, and it feels like watching a TV series that’s suddenly abandoned halfway through… When the floor price turns cold, royalties feel more like mere “props.” When trades get scarce, everyone quickly starts debating narrative and the community’s “temperature,” but the wallet is the most honest: those addresses are quietly switching venues behind the scenes. The point-based tasks during the airdrop season are pretty similar too—turning profit-chasers into people showing up for check-in like it’s an actual job. Once the anti-bot/anti-witching measures get cranked up even more, liquidity gets even more fragmented. Plainly put, whether NFTs are hot right now isn’t about how well the story’s told—it’s about whether anyone is truly willing to reach into their own pocket to buy the bag. Anyway, I treat “simplicity” as a trap: the moment I see claims like “everything will warm back up / take off with one sentence,” I move out of the way first.