NFT liquidity remains the swing factor for narrative durability

Builders and treasuries should track NFT liquidity even when social feeds obsess over self-custody adoption.

Even when feeds obsess over “Tokenization firm tZERO plans to go public in $350 million SPAC deal,” the durable question remains process versus prediction.

Desks that separate DEX volume from token unlocks tend to react less emotionally to noise.

Risk is easiest to ignore precisely when it is most expensive.

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