When choosing investment targets, I still lean towards this direction. Don't ask me why I didn't allocate to another one—once that thing goes live, it becomes a short-term liquidation, with a lot of floating capital. I have to admit that the mechanism design of that project is indeed good, but the problem is that the holders are too dispersed. Once someone dumps, the entire position becomes deeply trapped. Instead of chasing seemingly perfect designs, it's better to choose assets with stable liquidity and relatively solid trading volume. This is my investment logic—defensive strategies tend to be more valuable in a bear market.