Recently, I saw PFP being brought up again for hype, and as soon as a celebrity mentions it, everyone rushes in. Attention shifts as quickly as following trends... That old player’s phrase “Don’t run the last leg” still paints a vivid picture for me when I hear it now.

When I was a beginner, I misunderstood PFP/membership as “buying in means entering the circle and it will keep rising,” like a ticket that’s always valid. Now I understand it more as: it’s actually a joint creation of the brand and the community. Whether people stay depends on whether they’re willing to participate long-term, whether creators have ongoing income, and whether everyone is really working together—otherwise, once the hype passes, all that’s left is an avatar sitting there in a daze.

I basically don’t chase hot topics anymore. Anyway, I’m just watching who can keep people engaged and who’s just borrowing some spotlight for a moment. That’s all for now.