#代币化资产与RWA Seeing the rollback events on the Flow chain and the subsequent whale rebalancing, I am reminded of a frequently overlooked investment truth: risk never disappears; it simply shifts.

Although the rollback on the Flow chain technically halted losses, it also exposed a deeper issue—when emergency decision-making power is concentrated in a few nodes, the promise of decentralization begins to waver. The whale rebalancing actions are worth paying attention to, not because they are chasing the latest trend, but because they are actively re-pricing trust costs through their actions.

In the wave of tokenized assets and RWA, I want to remind everyone: security is not an added value; it is fundamental. The capital inflow that Lighter is handling reflects the market’s search for a relatively more stable carrier. But this also means participants need to have a clearer understanding of what they are risking—airdrop expectations, liquidity incentives, uncertainties in technical routes—all of these are hidden risk factors.

Instead of frequently switching between projects, ask yourself: what is my risk tolerance for this capital? In this volatile market, position management and a long-term mindset can often help you avoid 80% of emotional decisions. Safety is not conservatism; it is rationality.