#机构资金流入 Gray release of TAO ETF application, I have to say a few words about this. Institutional capital inflows sound impressive, but don’t be blinded by this story.

I have seen too many projects show significant differences in performance before and after institutional entry — during the application phase, public opinion is optimistic, capital floods in, and the price soars. And then? Institutions complete their positions, retail investors find themselves trapped at high levels. This doesn’t mean TAO necessarily has problems, but it does mean we need to be especially cautious at this point in time.

The acceleration of spot ETF expansion is indeed a major trend, but the problem is: institutional entry ≠ the project itself has value. ETFs only change the way capital enters; they cannot alter the fundamentals of the project. My advice is, rather than following the herd to chase this wave of institutional funds, it’s better to ask yourself three questions — what are the actual application scenarios of TAO? Is the team reliable based on past performance? Are there obvious pump-and-dump designs in the tokenomics?

Those who truly last long are never the ones chasing the hot trends, but those who can identify risks and judge calmly. Institutional capital inflows are not a buy signal, just a reference data point. Never treat it as a golden ticket.