When BTC and altcoins rally hard, it's easy to get caught up and FOMO into fresh on-chain launches. But here's the reality check you need: a bull run in the top coins doesn't automatically shift the entire risk landscape. Just because the market leader is pumping doesn't mean every new token launch is suddenly a smart move. The correlation trap gets most people. They see green candles and think the whole ecosystem is safer. Wrong. On-chain tokens carry their own distinct risks—liquidity issues, smart contract vulnerabilities, low trading volume, exit liquidity problems. A rising tide doesn't lift all boats equally. What separates savvy traders from those getting rekt is simple: don't let macro momentum cloud your judgment on micro opportunities. Do your own research on fundamentals. Check the contract audit history. Understand the tokenomics. Because when the bull run cools—and it always does—the weak projects get exposed fast.