Recently, I went back to check a few old NFTs. The floor price still seems to be there, but when it comes to selling, I realize that liquidity is pretty cold: no one’s buying after listing for a long time, and once royalties kick in, it’s even harder to make a deal. It’s stuck somewhere between “wanting to be decent” and “wanting to sell.” When the community narrative is hot, everyone says it’s about faith; when things cool down, all that’s left are profile pictures staring blankly… I now pay more attention to trading depth and holder distribution, rather than just focusing on the floor. And those on-chain data tools/tag systems, which have recently been criticized for lagging behind or even misleading, I also feel the same. Sometimes, looking at tags feels reassuring, but after refreshing or retrying a few times, I realize the address relationships simply aren’t up to date. To put it plainly, narratives can be trusted a bit, but don’t rely on “tags written like” for security and liquidity.