Be brave for once, and start being introverted. Actually, the logic behind chasing $Penguin at 100M wasn't too bad; it even reached 170M that same night. The "once is enough" mentality of chasing highs, as mentioned by @Solana_zh, is quite effective. But the main problem was that I bought it and went to sleep, only to wake up and find it had already broken even... In general, chasing highs in the current market environment requires considerable caution, especially holding overnight; it needs careful consideration. At the time, $RFC's high was around 200M; if $Penguin hadn't recovered to 100, I would have had to cut my losses. To be honest, I've had some offline discussions with some experts these past few days, and the common view is that on-chain trading has become very difficult this year, with very poor liquidity. That's why I personally have higher expectations for tokens like Penguin, because there's a real lack of tokens that can break through the ceiling. The SOL chain essentially reflects the actual liquidity within the market and is more independent of centralized exchanges (CEXs). This aligns with my previous narrative of SOL on-chain CEX/stockmarket. Since FTX has long since collapsed, what they're likely trying to achieve now is whether liquidity can sustain a token's longer lifespan without an exchange. Therefore, they've listed various coins, even those from other public chains, for on-chain trading. Whether this model will succeed compared to a CEX-based PvP remains to be seen, but the underlying concept is very advanced.