There's definitely an adjustment curve when you're watching how the market moves these days. Most retail participants have become way more cautious—they won't touch anything until it's got solid on-chain metrics, team verification, community signal, and usually some alpha leak they can trace back. The barrier to catch hype on a strong narrative keeps getting higher.

Here's the catch though: early price action can be brutally messy. Before all that validation hits, before the wallet tracking confirms the right players are in, before everyone agrees on the story—the PA tells a completely different tale. That gap between raw early movement and when the masses finally join? That's where things get wild and unpredictable.