Recently, I've been looking at a few PFP/member projects again. They all say they're building brands and communities, but when a new chain launches, they incentivize pulling TVL, and old users start complaining, "Mining and selling..." Basically, attention can be bought, but loyalty is harder. If a PFP is just an avatar plus a whitelist, it's similar to stickers; for long-term commitment, it needs to be like a stablecoin—showing me "collateral" and "liquidity exit"—meaning whether the rights can actually be redeemed and if there's a secondary market to support it. Otherwise, no matter how heated the community talk is, it feels pretty hollow.

If I hadn't been caught up in the vibe of that "OG group" back then, I might have waited for a round of unlocks before deciding whether to join. Anyway, now I’d rather miss out than be a liquidity exit. Occasional reverse staking is fine, but never full position; it keeps the mindset much healthier.