Lately, I've been looking at that "fun mining" pool in blockchain games again, and honestly, it's just inflation running too high with nowhere to absorb the output. When there’s too much currency, all they can do is keep smashing it together. A few days ago, I even boldly jumped in, but after tracking the on-chain addresses, I found that the early participants kept exchanging rewards for the main token and ran away... For someone like me who bought in after the pump, I’m basically just paying their bills.

The funniest part is that in the group, people are still explaining the decline using ETF capital flows and U.S. stock risk appetite, acting like a macro shift can bring everything back to life. In reality, if the pool can’t hold up, it just can’t hold up. When output exceeds real demand, all narratives are just placebos. Anyway, whenever I see "high output," I first ask: who’s going to absorb this inflation in the end? If there’s no answer, just forget it—don’t be too stubborn.