Regarding the development of the RWA track, I recently organized my trading philosophy. In summary, there are five types of assets I absolutely avoid.

First are heavily controlled pump-and-dump coins. Tokens like TRX, which are deeply manipulated by institutions, have volatility entirely determined by the market makers' will, making it difficult for retail investors to profit. The so-called "monster coins" supported by influencer effects in the crypto space are even more so, with very vague underlying logic.

Second are non-mainstream coins. Coins with poor liquidity have high trading costs and severe slippage. Coupled with low visibility, in extreme market conditions, no one is willing to take the other side, making it easy to get caught in a trap.

Third are tokenized real-world assets. RWA such as gold have been launched by various exchanges, with similar technical solutions, so there's no need to waste effort analyzing them here.

Next are Meme coins. DOGE still has some community support and historical accumulation, but most Meme coins are purely speculative, lacking fundamental backing. The risk-reward ratio is too skewed.

Finally, some Eastern European series tokens. Coins like TON and DOGS tend to surge first and then suddenly plunge, creating cyclical bloodbaths. I prefer to miss out rather than participate.

Rather than exploring these pitfalls, it's better to focus on top-tier coins and tracks with practical applications, where the probability of success is much higher.