#加密货币空投活动 During the National Day holiday, several highly anticipated projects launched their IPO activities, which made my heart race. Momentum, Yield Basis, Canton Network—these names alone are enough to get the blood pumping. But having experienced too many lessons of opening high and falling low, I have to remind myself to stay calm.

These projects do have many big-name investors behind them, and their valuations are quite impressive. However, it is precisely this glamorous appearance that can easily lead people to lose their rationality. We must remember that even the best projects can become tools for market makers to harvest retail investors.

Especially worth caution are those with complex participation mechanisms and high expected returns. For example, Momentum’s annualized yield of up to 155% sounds unrealistic. Yield Basis’s pre-sale valuation suddenly soared from $50 million to $200 million, which likely involves some manipulation behind the scenes.

As an experienced player who has gone through many ups and downs, my advice is: don’t let FOMO emotions control you, carefully assess each project’s risks. Even if you decide to participate, strictly control your position and prepare for long-term holding. Remember, in this market, surviving longer is more important than earning more.