1 00:00:00,760 --> 00:00:06,040 Good morning everyone. GMGN. 2 00:00:06,200 --> 00:00:09,920 Welcome. To another episode of OO. 3 00:00:10,400 --> 00:00:16,960 Our today is Wednesday, February 19th 0.5. 4 00:00:18,720 --> 00:00:20,840 Whoops. It is another freezing cold day 5 00:00:20,840 --> 00:00:26,160 here in Chicago -5° again. But we are falling out here 6 00:00:26,160 --> 00:00:27,320 soon. It's supposed to be nicer this 7 00:00:27,320 --> 00:00:30,680 weekend. Crypto majors maybe showing 8 00:00:30,680 --> 00:00:33,440 signs of falling out after a nice little rebound after 9 00:00:33,440 --> 00:00:35,880 yesterday's lows. It looked like it was over this 10 00:00:35,880 --> 00:00:37,360 morning. It looked like maybe we were so 11 00:00:37,360 --> 00:00:39,080 back. Is the bottom end. 12 00:00:39,080 --> 00:00:40,600 Are we just gonna range like this forever? 13 00:00:40,600 --> 00:00:43,320 We're gonna break it all down on today's show. 14 00:00:43,320 --> 00:00:45,480 Brooke still out? He's out the rest of this week. 15 00:00:45,480 --> 00:00:47,960 He'll be back on Monday. We've got Mando with us. 16 00:00:47,960 --> 00:00:50,200 We've got Logan with us. Mando GM, how you doing? 17 00:00:51,120 --> 00:00:55,360 GM man, how is yeah -5? So does the lake freeze? 18 00:00:57,200 --> 00:01:01,320 It can freeze if if it stays this cold for extended times it 19 00:01:01,320 --> 00:01:03,920 will. It's happened in winters before. 20 00:01:04,200 --> 00:01:08,960 Man, that must be freezing. Yeah, doing well apart from 21 00:01:08,960 --> 00:01:12,280 that, does feel as though we're not heading to zero straight 22 00:01:12,280 --> 00:01:15,760 away, at least today. We had KBM on the timeline 23 00:01:15,760 --> 00:01:19,200 calling for sub 90 Bitcoin yesterday, which was my sign of 24 00:01:19,200 --> 00:01:21,240 hope that it wasn't going to happen too soon. 25 00:01:21,960 --> 00:01:28,160 So yeah, yeah, the counterturn KBM worked again yesterday, at 26 00:01:28,160 --> 00:01:29,640 least for for the hyper near term. 27 00:01:29,640 --> 00:01:33,000 Logan, Jim, how you doing? Hey Tyler, I'm doing well, 28 00:01:33,480 --> 00:01:37,480 freezing cold here as well, but I'm staying warm to the best of 29 00:01:37,480 --> 00:01:40,760 my ability all. Right, We'll do your best. 30 00:01:40,960 --> 00:01:44,120 We're going to get through this here this this winter, this 31 00:01:44,120 --> 00:01:47,760 crypto winter together, folks. What are we talking about on 32 00:01:47,760 --> 00:01:48,880 today's show? We're going to start with the 33 00:01:48,880 --> 00:01:51,240 market report all Sommel's cooking a little bit. 34 00:01:51,240 --> 00:01:54,560 These FTX repayments starting to land in wallets, Schwab opening 35 00:01:54,560 --> 00:01:57,000 up digital assets. I will talk a little bit about 36 00:01:57,000 --> 00:01:59,360 the Libra latest. This Libra scandal just keeps 37 00:01:59,400 --> 00:02:02,160 getting crazier. Portnoy just pumping, dumping 38 00:02:02,160 --> 00:02:04,120 all over the timeline. Why is he doing it? 39 00:02:04,280 --> 00:02:06,120 Are the trenches ever going to learn their lesson? 40 00:02:06,400 --> 00:02:08,560 Kaido tge, we got the news this morning. 41 00:02:08,560 --> 00:02:11,440 We're going to break that all down, talk our expectations. 42 00:02:11,760 --> 00:02:15,400 There's a walrus AirDrop that went through this OCH Genesis 43 00:02:15,680 --> 00:02:18,520 token is coming on abstract runes news. 44 00:02:18,520 --> 00:02:21,640 So lots of tokens and runes news that we're going to get into, 45 00:02:21,640 --> 00:02:25,120 maybe even some speculation on this pain presale if it ever 46 00:02:25,120 --> 00:02:28,680 comes. Plus robot spins, double robot 47 00:02:28,680 --> 00:02:31,520 spins are back. So make sure you stay tuned to 48 00:02:31,640 --> 00:02:33,840 the end of the show before we dive in. 49 00:02:34,080 --> 00:02:36,760 Shout out to our partners starting with Galaxis. 50 00:02:36,760 --> 00:02:40,360 Galaxis is a Web 3 platform empowering creators and brands 51 00:02:40,360 --> 00:02:44,200 to build unstoppable communities with full ownership and 52 00:02:44,200 --> 00:02:47,640 independence, trusted by icons like Donald Trump, Steve Aoki, 53 00:02:47,640 --> 00:02:51,080 Mike Tyson and the NBA, shaping together the future of 54 00:02:51,120 --> 00:02:54,520 engagement. And every day we see people's 55 00:02:54,520 --> 00:02:57,360 walls get drained. Fair Side is about to launch the 56 00:02:57,360 --> 00:02:59,760 fair alternative to insurance for crypto scams. 57 00:02:59,760 --> 00:03:02,280 Check out at Fair Side network on X. 58 00:03:02,600 --> 00:03:05,160 If you get drained, you won't be wrecked. 59 00:03:05,440 --> 00:03:08,000 All right, shout out to our partners as always. 60 00:03:08,000 --> 00:03:16,080 Mando, if you're ready, let's get into it. 61 00:03:20,480 --> 00:03:25,680 Can you dig? It GM everyone so yeah it was 62 00:03:25,680 --> 00:03:30,560 obviously feeling like it was all about to go to 0 and then 63 00:03:31,120 --> 00:03:35,760 kind of bounced a little bit We we saw loads of I think 93 1/2 64 00:03:35,760 --> 00:03:38,960 on Bitcoin. We saw loads of around 160 ish 65 00:03:38,960 --> 00:03:46,800 area on Solana and then and then just kind of Bitcoin we had some 66 00:03:46,800 --> 00:03:50,200 headlines really around first it was around micro strategy or 67 00:03:50,200 --> 00:03:52,800 strategy now going to raise another $2 billion. 68 00:03:52,800 --> 00:03:58,080 You saw the Texas State kind of debate. 69 00:03:58,080 --> 00:04:02,880 I think it was really on on Bitcoin Treasury went relatively 70 00:04:02,880 --> 00:04:07,800 well and yeah, just like more bullish sentiment really around 71 00:04:07,800 --> 00:04:11,680 Bitcoin, which is kind of saved us from going to goblin town. 72 00:04:13,200 --> 00:04:19,560 Bitcoin on the day is actually still kind of up smallish, but 73 00:04:19,560 --> 00:04:21,680 just because Bitcoin didn't go sub 90. 74 00:04:23,320 --> 00:04:28,920 We kind of had a situation where everything felt OK suddenly. 75 00:04:28,920 --> 00:04:34,480 So, so Solana rebounded all the way back to like 173 this 76 00:04:34,480 --> 00:04:38,840 morning, 174 area, a bunch of alts which looked like they were 77 00:04:39,400 --> 00:04:43,640 dying, also bounced And and yeah, just it kind of felt OK. 78 00:04:43,640 --> 00:04:46,160 We all said, like you said, the FDX repayments were were 79 00:04:46,160 --> 00:04:48,120 relatively were relatively good too. 80 00:04:48,120 --> 00:04:52,280 So I don't know. Now it does feel like we've had 81 00:04:52,280 --> 00:04:54,160 this bounce. Like is this the bounce that 82 00:04:54,160 --> 00:04:57,240 people like go, I'm out, like I've been smashing everything 83 00:04:57,240 --> 00:05:00,120 or, or do we continue lower or do we continue higher? 84 00:05:00,120 --> 00:05:03,520 Sorry, it's still just like people just are not bearish on 85 00:05:03,520 --> 00:05:06,560 Bitcoin at all. Like it's really tough to find 86 00:05:06,560 --> 00:05:11,200 someone with like a really like strong bearish sentiment on on 87 00:05:11,200 --> 00:05:15,520 Bitcoin, it feels like. So yeah, it just kind of feels 88 00:05:15,520 --> 00:05:18,960 like that is going to stop us like the whole market from from 89 00:05:19,000 --> 00:05:21,720 from falling out of bed. As you said, like altcoins, 90 00:05:22,160 --> 00:05:24,840 Bitcoin dominance have been heading lower throughout sort of 91 00:05:24,840 --> 00:05:26,320 heading heading higher throughout the day. 92 00:05:26,320 --> 00:05:29,360 And then we had we did see a bounce in a decent number of 93 00:05:29,360 --> 00:05:30,480 volts. Interesting that like none of 94 00:05:30,480 --> 00:05:32,720 them are really memes. So if I looked at my top 100 95 00:05:32,720 --> 00:05:37,800 movers, it was a bunch of like L ones or it was a bunch of like, 96 00:05:40,000 --> 00:05:42,240 yeah, like just coins that you like, you don't, you don't 97 00:05:42,240 --> 00:05:43,560 normally hear about, you know what I mean? 98 00:05:43,560 --> 00:05:46,360 Like it was like things like Tau, for example, and AI like 99 00:05:46,720 --> 00:05:49,640 that's been a coin which, you know, people were doing about 100 00:05:50,400 --> 00:05:54,200 six months ago and, and kind of fell out of bed. 101 00:05:54,240 --> 00:05:57,680 And then seemingly it's like bouncing pretty strongly 102 00:05:58,360 --> 00:06:02,800 alongside a few other L1 trades, like Sui's bounced a little bit. 103 00:06:04,080 --> 00:06:06,560 So let's let's see. But it doesn't feel like 104 00:06:06,560 --> 00:06:09,800 potentially the bags that if you're holding altcoins, then 105 00:06:09,800 --> 00:06:12,840 the bags we were holding before this aren't necessarily going to 106 00:06:12,840 --> 00:06:15,160 bounce. Memes continue to not feel like 107 00:06:15,160 --> 00:06:16,640 the strongest bit of the market to me. 108 00:06:18,160 --> 00:06:23,440 So so yeah, I think be wary that altcoin season or at least an 109 00:06:23,440 --> 00:06:27,080 altcoin bounce may not necessarily mean that altcoins, 110 00:06:27,640 --> 00:06:30,760 your altcoins or the the more left curvy stuff is going to is 111 00:06:30,760 --> 00:06:33,000 going to bounce a decent amount. I, I was speaking to you, Tyler, 112 00:06:33,000 --> 00:06:37,440 and saying like I do these the, the minutes every single day and 113 00:06:37,680 --> 00:06:40,680 Solana meme coins are not showing up in those minutes for 114 00:06:40,680 --> 00:06:42,880 the last three weeks. Sorry, three days, sorry. 115 00:06:42,880 --> 00:06:46,480 Like in terms of hot coins, it's, it's generally, it's 116 00:06:46,480 --> 00:06:49,600 generally been like today was a coin called frock, which is a 117 00:06:49,600 --> 00:06:55,720 base coin and broccoli, which is the Binance smart chain one. 118 00:06:55,720 --> 00:06:59,160 And yesterday it was a bunch of Binance smart chain coins too. 119 00:06:59,360 --> 00:07:02,960 The only ones that kind of bounce today were things like 120 00:07:03,200 --> 00:07:08,480 fog and UFD, but that was these are coins we shut down just so 121 00:07:08,480 --> 00:07:11,320 much, right? Like it wasn't they weren't like 122 00:07:11,880 --> 00:07:14,280 new hot coin. And I think the whole Portnoy 123 00:07:14,320 --> 00:07:18,960 thing yesterday just kind of just just didn't feel that great 124 00:07:18,960 --> 00:07:22,440 because it just kind of felt like why, why are we doing this? 125 00:07:22,440 --> 00:07:27,400 Again, in terms of my macro, nothing to worry about S&P hit 126 00:07:27,400 --> 00:07:30,520 all time high, gold hit all time, it's basically at all time 127 00:07:30,520 --> 00:07:31,600 high. There's nothing that points that 128 00:07:31,600 --> 00:07:34,440 we're going to go lower there. And that's probably also why we 129 00:07:34,440 --> 00:07:39,960 have stronger, yeah, that's probably why we have a stronger 130 00:07:41,520 --> 00:07:46,080 Bitcoin setup. And there was a couple of 131 00:07:46,080 --> 00:07:49,560 headlines yesterday that, you know, Google is looking to to 132 00:07:49,560 --> 00:07:53,320 Bitcoin booking into Bitcoin and that was kind of kind of vague. 133 00:07:54,320 --> 00:07:57,200 Lutnick got got made commerce secretary, which is relatively 134 00:07:57,760 --> 00:07:59,680 bullish. The SCC has acknowledged the 135 00:07:59,680 --> 00:08:05,800 XRPTF and that I think you tweeted this one. 136 00:08:05,800 --> 00:08:07,880 But Schwab had hired ahead of digital assets. 137 00:08:07,880 --> 00:08:11,320 So general bullish sentiment. I didn't see any various 138 00:08:11,320 --> 00:08:14,320 headlines from macro or or across the board which would 139 00:08:14,320 --> 00:08:18,640 point to like an altcoin apocalypse, but yeah. 140 00:08:21,080 --> 00:08:23,040 It it feels like the bullish foundation, at least for 141 00:08:23,040 --> 00:08:26,320 Bitcoin, just continues to be laid during this period of job. 142 00:08:27,400 --> 00:08:29,840 And I feel like we're just kind of waiting on like, what's the 143 00:08:29,840 --> 00:08:33,039 next the next pump factor, like what's going to drive the next 144 00:08:33,039 --> 00:08:36,120 leg up? And it feels like it's just a 145 00:08:36,120 --> 00:08:38,880 matter of when and not if for me. 146 00:08:38,880 --> 00:08:41,120 Maybe we dive into memes a a little bit here. 147 00:08:41,120 --> 00:08:45,160 So I tweeted this out. We talked a little bit about 148 00:08:45,160 --> 00:08:49,720 this yesterday, but the overall meme market cap peaked at 127 149 00:08:49,720 --> 00:08:51,640 billion. It's at 67 billion. 150 00:08:52,160 --> 00:08:56,760 So it's down 60, nearly 50%. Sixty billion wiped out. 151 00:08:56,760 --> 00:09:02,720 It's, it's back to June 2024 peak levels here. 152 00:09:02,720 --> 00:09:06,320 So basically like the entire Trump pump, which pumped Bitcoin 153 00:09:06,320 --> 00:09:12,600 from 70K to 100 is, is totally wiped out and it's just fully 154 00:09:12,600 --> 00:09:14,560 reset. And I think what else jumps out 155 00:09:14,560 --> 00:09:19,360 to me about this chart, if you look at it from this peak to the 156 00:09:19,360 --> 00:09:23,640 second peak and then this fast dip is it looks almost exactly 157 00:09:23,640 --> 00:09:26,480 like this. It looks almost exactly like the 158 00:09:27,000 --> 00:09:31,080 the, the classic Wall Street psychology of a market cycle 159 00:09:31,080 --> 00:09:33,480 chart. And it feels like we're in 160 00:09:33,480 --> 00:09:35,520 anger. Like it matches up nearly 161 00:09:35,520 --> 00:09:38,760 exactly to this. Like Logan, you're just shaking 162 00:09:38,760 --> 00:09:40,160 your head. Like, does that line up? 163 00:09:40,880 --> 00:09:42,600 I thought we were in anger already. 164 00:09:42,600 --> 00:09:44,920 And then we just got angrier in this past week. 165 00:09:45,840 --> 00:09:50,880 Yeah, I think I'm I'm certainly angry or even, you know, if not 166 00:09:50,880 --> 00:09:53,560 a little bit beyond that at this point in time. 167 00:09:53,600 --> 00:09:57,160 So I was fortunate enough to receive my FTX claim yesterday 168 00:09:57,160 --> 00:10:01,000 as one of the small claims. And when I think about what am I 169 00:10:01,000 --> 00:10:04,240 going to do with this, right, cash to the bank gamble, 170 00:10:04,880 --> 00:10:09,360 whatever I thought on it for, you know, a few hours after 171 00:10:09,360 --> 00:10:11,040 receiving, I received it yesterday morning. 172 00:10:11,040 --> 00:10:14,120 And and what I ultimately did was I just I bought Bitcoin, I 173 00:10:14,120 --> 00:10:17,080 just dumped the entire claim that I got into which it was not 174 00:10:17,080 --> 00:10:20,560 a lot of money, but you know, just dumped it into Bitcoin 175 00:10:20,560 --> 00:10:23,160 instead of gambling on meme coins or doing anything else. 176 00:10:23,160 --> 00:10:28,640 It just feels like the easiest thing to do at this point in 177 00:10:28,640 --> 00:10:30,200 time. And I don't have to feel bad 178 00:10:30,400 --> 00:10:33,360 about that in any way. Nothing in the meme coin market 179 00:10:33,600 --> 00:10:37,120 Despite that major sell off and that may be feeling like a 180 00:10:37,120 --> 00:10:41,440 really far fall for a knife. Nothing here is instilling any 181 00:10:41,440 --> 00:10:44,800 confidence for me to want to like rally into a community or a 182 00:10:44,800 --> 00:10:49,760 coin for the hopes of any near term bump. 183 00:10:50,080 --> 00:10:52,840 That's just I'm just not feeling that in in any way shape or form 184 00:10:52,840 --> 00:10:53,240 right now. It. 185 00:10:54,120 --> 00:10:56,400 Feels like we're going to get this little rebound mouth of 186 00:10:56,400 --> 00:10:59,800 anger and then we're just going to slowly chop and grind down 187 00:11:00,040 --> 00:11:03,080 into depression. Yeah, and Demando's point, I'm 188 00:11:03,080 --> 00:11:05,640 sorry, I was just saying, I mean, I think, I think the the 189 00:11:05,640 --> 00:11:10,400 extension of this Portnoy saga is contributing beyond Libra as 190 00:11:10,400 --> 00:11:12,720 well. I mean, if you're watching 191 00:11:12,720 --> 00:11:14,760 what's happening there and you're following it all, like, 192 00:11:14,760 --> 00:11:17,280 how are you not just like F this man? 193 00:11:17,400 --> 00:11:20,840 Like, how are you not just exhausted at the state of memes 194 00:11:20,880 --> 00:11:22,720 right now? Yeah, I guess let's just get 195 00:11:22,720 --> 00:11:23,960 into it and then we'll circle back. 196 00:11:23,960 --> 00:11:27,120 I want to talk about the action on the other chains, but we'll 197 00:11:27,120 --> 00:11:31,600 we'll start with Portnoy. So yesterday, total surprise, he 198 00:11:31,600 --> 00:11:34,600 ends up launching his own token, this greed token. 199 00:11:35,480 --> 00:11:38,760 He buys 34% on the gun for himself. 200 00:11:38,760 --> 00:11:42,040 So he's got 347,000,000 tokens, 357 million. 201 00:11:43,680 --> 00:11:47,640 And then he just goes on like a tweet storm about it going as 202 00:11:47,640 --> 00:11:51,480 far as saying who do you trust? If you hold it tight, it'll 203 00:11:51,480 --> 00:11:54,760 rise. I'm not selling anytime soon, so 204 00:11:54,760 --> 00:11:57,880 why would you? So the timestamp of that was 205 00:11:57,880 --> 00:12:01,720 like 4:30 PM Eastern. And then if we scroll up his 206 00:12:01,720 --> 00:12:03,600 timeline, he's bull posting it. He's bull posting it. 207 00:12:03,600 --> 00:12:05,440 He's talking shit to choose Rich Nick. 208 00:12:05,960 --> 00:12:09,920 His bag's up to 800,000. All right, let's find it. 209 00:12:09,920 --> 00:12:15,360 Let's find it. It was like he may have deleted 210 00:12:15,360 --> 00:12:20,200 the tweet but he sells it all one hour later and puts it all 211 00:12:20,200 --> 00:12:23,040 into jail stool. So here is the greed chart. 212 00:12:23,200 --> 00:12:26,120 A few things jump out to me. One it did Wick all the way up 213 00:12:26,120 --> 00:12:32,520 to about 35,000,000. It crashed within an hour or so 214 00:12:32,800 --> 00:12:36,240 back to 3 million and then some DJ is trying to make it like a a 215 00:12:36,280 --> 00:12:40,160 spike portnoy anti portnoy coin. That didn't really work either. 216 00:12:43,960 --> 00:12:46,480 Like when I even saw it, I was like, I don't care about this 217 00:12:46,520 --> 00:12:49,520 greed coin. Like, like no one's going to 218 00:12:49,520 --> 00:12:51,680 care about this. And then when it rugged, I think 219 00:12:51,680 --> 00:12:54,240 there was very little sympathy for like, Oh yeah, we got to 220 00:12:54,240 --> 00:12:56,640 show Portnoy. Like I was like, no, no, this 221 00:12:56,640 --> 00:12:58,160 isn't the market for that either. 222 00:12:58,720 --> 00:13:00,800 Yeah. We're not doing that despite 223 00:13:01,080 --> 00:13:05,680 right now what what jumped out to me again this thing called 224 00:13:05,680 --> 00:13:10,480 $100 million volume the first hour and it did 160 overall. 225 00:13:11,320 --> 00:13:15,160 So either either Portnoy is working with some market makers, 226 00:13:15,160 --> 00:13:17,840 which is very possible as we know he was talking to to Hayden 227 00:13:19,280 --> 00:13:22,520 who are driving capital into these or the trenches are just 228 00:13:22,520 --> 00:13:25,800 sitting around and just desperate to fire at anything 229 00:13:25,800 --> 00:13:29,080 that comes across the desk. I think that's I did not expect 230 00:13:29,080 --> 00:13:31,680 this to go this high or to have this type of volume. 231 00:13:32,840 --> 00:13:34,240 I guess. Amanda, did you see this one? 232 00:13:34,240 --> 00:13:36,360 Did you have any reactions as were you watching as this played 233 00:13:36,360 --> 00:13:40,560 out or you just checked out? I was, I saw it. 234 00:13:41,120 --> 00:13:47,160 I just saw it go up to like 2020 million, but like, I can't. 235 00:13:47,160 --> 00:13:48,840 I just kind of guessed that that was going to be outcome. 236 00:13:48,840 --> 00:13:51,880 And then like the next time I saw it, it was at 2 million and 237 00:13:51,880 --> 00:13:54,720 I was like, oh, OK. I, I wasn't following what he 238 00:13:54,720 --> 00:13:56,440 was doing. I was just like, it was just on 239 00:13:56,440 --> 00:13:58,040 deck screen. I was like, oh, OK, that's still 240 00:13:58,040 --> 00:14:00,040 good and is now at 2,000,000. Something must have happened. 241 00:14:01,000 --> 00:14:09,600 And I guessed that must, yeah. So he sold it all and then put 242 00:14:09,600 --> 00:14:13,720 it into jail stool, which doesn't even help the jail stool 243 00:14:13,720 --> 00:14:17,280 chart, which is still just down, only it's at 14,000,000. 244 00:14:17,760 --> 00:14:21,200 He was doing spaces like he's kind of, a lot of people are 245 00:14:21,280 --> 00:14:23,280 trying to figure out what what, what this guy's doing. 246 00:14:23,280 --> 00:14:28,920 It does seem like he's like kind of just trying to hold up a 247 00:14:28,920 --> 00:14:31,480 mirror up or just trying to light on just the pure greed. 248 00:14:32,000 --> 00:14:34,440 And he's saying like, yeah, I could do this every single day. 249 00:14:34,800 --> 00:14:37,640 And you D Jens are going to just keep buying my coins every day. 250 00:14:38,720 --> 00:14:42,200 He's not wrong, people. They're doing it, they're still 251 00:14:42,200 --> 00:14:45,920 doing it, so he's going to continue doing it. 252 00:14:46,280 --> 00:14:49,240 He, he launched Greed 2 an hour after this. 253 00:14:50,200 --> 00:14:52,720 That that one didn't go quite as high. 254 00:14:52,720 --> 00:14:57,360 Let's see how high Greed 2 went, which was actually the funniest 255 00:14:57,360 --> 00:15:01,360 thing probably that happened. It still saw $30 million volume 256 00:15:01,640 --> 00:15:04,800 at Wick to 6,000,000 at peak. Not really higher than two. 257 00:15:05,560 --> 00:15:09,760 It's at 350K so people didn't chase that one quite as hard. 258 00:15:09,760 --> 00:15:13,160 Still 9000 holders on this token so I don't know if these are 259 00:15:13,160 --> 00:15:17,400 just bot farms who are just copy trading Dave's wallet no matter 260 00:15:17,400 --> 00:15:20,920 what. I don't know Logan any thought? 261 00:15:20,920 --> 00:15:23,360 Like what is this man doing? He is. 262 00:15:23,360 --> 00:15:27,080 Shining a light on on what takes place here. 263 00:15:27,160 --> 00:15:29,760 I mean, and he's doing it. He's doing a pretty good job of 264 00:15:29,760 --> 00:15:33,160 that. The issue is that while it has 265 00:15:33,760 --> 00:15:36,640 rinsed out, you know, some of the active participants who are 266 00:15:36,640 --> 00:15:40,120 kind of seeing what this is doing, like seeing this for what 267 00:15:40,120 --> 00:15:44,160 it is, still too much money and too many people are willing to 268 00:15:44,160 --> 00:15:47,720 gamble, You know, So maybe Dave is doing us a favor, right. 269 00:15:47,720 --> 00:15:51,880 And, and helping us kind of rinse out the existing meta, get 270 00:15:51,880 --> 00:15:54,680 us to a point where, you know, I don't know, we get a, a meme 271 00:15:54,680 --> 00:15:57,920 reset of sorts. But he's gonna. 272 00:15:57,920 --> 00:15:59,840 Yeah, I think he's just gonna keep doing it. 273 00:16:00,040 --> 00:16:01,200 I, I don't know what to say, though. 274 00:16:01,200 --> 00:16:05,480 I mean, like we're not necessarily the those of us on 275 00:16:05,480 --> 00:16:09,440 the show, but I mean the the people in the salon of trenches, 276 00:16:09,440 --> 00:16:12,280 we're just we're perpetuating this. 277 00:16:12,280 --> 00:16:16,400 We're fueling the cycle. I don't know what to do to aside 278 00:16:16,400 --> 00:16:20,080 from us just continuing to diminish Dave's influence, which 279 00:16:20,080 --> 00:16:21,640 does feel like it's happening a little bit. 280 00:16:22,840 --> 00:16:25,360 I don't, I don't know what we could possibly do to get him to 281 00:16:25,360 --> 00:16:26,720 stop doing this in the near term. 282 00:16:26,720 --> 00:16:28,960 He's. Only going to stop if people 283 00:16:28,960 --> 00:16:31,240 stop buying the tokens like or else he's just going to keep 284 00:16:31,240 --> 00:16:32,880 doing it. I'm trying to figure out what's 285 00:16:32,880 --> 00:16:35,240 in this guy's head because I mean he's he is walking the 286 00:16:35,240 --> 00:16:39,600 finest line of just actively pumping dumping tokens. 287 00:16:39,920 --> 00:16:43,640 Like he said he wasn't going to sell it anytime soon and he sold 288 00:16:43,640 --> 00:16:49,120 it an hour later. It's you can argue I guess over 289 00:16:49,120 --> 00:16:51,520 the definition of soon. A part of me and I'm pulling up 290 00:16:51,520 --> 00:16:53,800 this article from decrypt for those in the stream, the screen 291 00:16:53,800 --> 00:16:57,720 stream and the title is SEC vet expects regulators crypto 292 00:16:57,720 --> 00:16:59,840 investigations to grind to a screeching halt. 293 00:16:59,840 --> 00:17:04,040 So like the only thing I don't think Portnoy is is a dumb guy. 294 00:17:04,040 --> 00:17:06,480 I feel like someone is in his ear saying like, you're just, 295 00:17:06,920 --> 00:17:09,520 you're not going to get investigated for this as long as 296 00:17:09,520 --> 00:17:13,240 you do a handful of things. Like that's the only logical 297 00:17:14,319 --> 00:17:17,480 interpretation I have of how this is playing out. 298 00:17:17,480 --> 00:17:19,520 So. No one's going to go after him. 299 00:17:19,520 --> 00:17:22,839 I I think we're in a market where he's allowed to do this as 300 00:17:22,839 --> 00:17:25,760 long as people want to play the Crash game with him, right? 301 00:17:25,760 --> 00:17:31,560 I've said, I've said that. So it's it's immoral, but it's 302 00:17:31,640 --> 00:17:34,560 at the same, well, I don't even know if it this one, it feels 303 00:17:34,560 --> 00:17:36,520 more immoral than the others, right, because he was like 304 00:17:36,520 --> 00:17:39,560 actively pumping it and he he created it. 305 00:17:41,960 --> 00:17:45,040 But I, I also think that like you're playing the game, like 306 00:17:45,440 --> 00:17:48,960 he, he actually is kind of exposing how ridiculous this all 307 00:17:48,960 --> 00:17:55,080 is at the same time, right? Like, and anyone, anyone could 308 00:17:55,080 --> 00:17:56,880 come and do this. Like he's just, he's just the 309 00:17:56,880 --> 00:17:58,960 one who's doing it. So I think he's kind of saying 310 00:17:58,960 --> 00:18:01,520 that, saying that, which again, I think just leads the like the 311 00:18:02,360 --> 00:18:11,920 LED even more to the, to the, to the, to the reaction, like, like 312 00:18:12,120 --> 00:18:15,280 it made people like not want to get back in the trenches anytime 313 00:18:15,280 --> 00:18:16,360 soon. Do you know what I mean? 314 00:18:16,360 --> 00:18:18,280 Like it's all descended to a bit of a farce. 315 00:18:18,880 --> 00:18:21,600 Yeah, as long as this stuff is happening, I don't really want 316 00:18:21,600 --> 00:18:24,960 to play in the in the main trenches. 317 00:18:24,960 --> 00:18:27,640 And I I I was never like hardcore in, but like I was 318 00:18:27,640 --> 00:18:32,800 playing most days I was showing up and and waiting and and 319 00:18:32,800 --> 00:18:35,200 seeing I don't really want to get into this. 320 00:18:35,200 --> 00:18:39,360 It's it's pretty messy. So I feel like this to play out 321 00:18:39,360 --> 00:18:41,560 to a certain. Degree, I mean I, I really do I 322 00:18:41,560 --> 00:18:45,160 think he's doing us a favor and it's hard to hear that and, and 323 00:18:45,160 --> 00:18:49,640 maybe say that it's probably doesn't come across well, but it 324 00:18:49,640 --> 00:18:53,680 doesn't but I mean like he's he's showcasing the the greed, 325 00:18:53,680 --> 00:18:56,200 you know, no pun intended with a ticker there. 326 00:18:56,200 --> 00:18:59,720 But like he has said, this is what I'm going to do I'm going 327 00:18:59,720 --> 00:19:02,080 to buy this coin I'm going to do this coin I'm going to dump it 328 00:19:02,080 --> 00:19:05,360 on you in like 5 minutes and as immoral as that seems as like 329 00:19:05,360 --> 00:19:09,000 loud as we want to be about or, you know, he keeps talking about 330 00:19:09,000 --> 00:19:11,600 crying at the casino as much as we want to do that, like he is 331 00:19:11,600 --> 00:19:13,480 saying we're going to do it and we keep playing the game. 332 00:19:13,760 --> 00:19:16,640 So like at some point we got to look in the mirror for ourselves 333 00:19:16,640 --> 00:19:19,000 and be like, why, you know, like, why are we playing this 334 00:19:19,000 --> 00:19:21,440 game? We shouldn't be playing this 335 00:19:21,440 --> 00:19:27,600 game and and hopefully the the market comes to a head with, you 336 00:19:27,600 --> 00:19:30,400 know, with enough of these, but I think it's going to it's going 337 00:19:30,400 --> 00:19:31,960 to happen for a while longer. A. 338 00:19:31,960 --> 00:19:34,760 Couple things I want to move on. He is protecting himself. 339 00:19:34,760 --> 00:19:37,480 He is taking all of his profits and putting it into jail stool, 340 00:19:37,520 --> 00:19:39,680 which is assuming he never sells jail stool. 341 00:19:39,680 --> 00:19:43,600 He's basically not taking the profits, which I do think keeps 342 00:19:43,600 --> 00:19:45,200 him a little cleaner in all this. 343 00:19:45,200 --> 00:19:48,040 He's not actually extracting right now. 344 00:19:50,000 --> 00:19:52,400 Well that's like you could probably argue either side but 345 00:19:52,400 --> 00:19:55,280 the the only the losers keep bitching part about this tweet 346 00:19:55,320 --> 00:19:57,280 like there are people who are upset because it just makes 347 00:19:57,280 --> 00:20:01,080 everything look so bad. I think that chorus will 348 00:20:01,080 --> 00:20:03,280 continue to get louder if you also. 349 00:20:03,280 --> 00:20:04,920 Notice Tyler on every single post. 350 00:20:04,920 --> 00:20:09,320 He calls it a collectible, he mentioned. 351 00:20:09,480 --> 00:20:11,640 He mentioned sax. I listened just for a little bit 352 00:20:11,640 --> 00:20:14,080 today to the Davey Day Trader stuff. 353 00:20:14,320 --> 00:20:18,240 He actually, he mentioned sax and the collectible nature this 354 00:20:18,240 --> 00:20:18,920 morning. He's playing. 355 00:20:18,920 --> 00:20:21,200 He's playing the fine line, knows what he's doing and like 356 00:20:21,240 --> 00:20:24,320 he talks all this bullshit about like not been able not been part 357 00:20:24,320 --> 00:20:26,400 of the scene and only just started doing this when he's got 358 00:20:26,400 --> 00:20:28,400 fucking cracking as a sponsor of the last few years. 359 00:20:28,400 --> 00:20:32,840 Like he's not stupid, it's just people are getting rinse from 360 00:20:32,840 --> 00:20:37,440 this. He's he's walking a fine line. 361 00:20:37,440 --> 00:20:41,080 He knows what words to use. He's clearly, you know, been 362 00:20:41,080 --> 00:20:43,040 coached at least at a, at a baseline level. 363 00:20:43,120 --> 00:20:46,160 So we'll see. Stay tuned for more tokens 364 00:20:46,160 --> 00:20:48,120 today. There was rumors of a Kanye 365 00:20:48,120 --> 00:20:50,920 token coming today, which I would have said was 0% chance 366 00:20:50,920 --> 00:20:53,520 given the state of this market. And then Portnoy's greed sees 367 00:20:53,520 --> 00:20:57,960 $160 million in volume. So I, they're all bets are off. 368 00:20:57,960 --> 00:20:59,720 There might be Kanye's. Back on X, right? 369 00:20:59,880 --> 00:21:04,120 So that's another thing, OK. So yeah, I am not, this is not a 370 00:21:04,120 --> 00:21:07,720 promotion. I'm just saying, and I will not 371 00:21:07,720 --> 00:21:09,640 be trading that token if it does launch. 372 00:21:10,000 --> 00:21:12,480 The other thing that happened yesterday, we got the news from 373 00:21:12,840 --> 00:21:18,880 DB10 tier K Hayden Davis from Kelsea claiming he could control 374 00:21:19,040 --> 00:21:22,760 Javier Miller, the president of Argentina, by giving his sister 375 00:21:22,760 --> 00:21:25,920 money and he had some, some choice. 376 00:21:26,160 --> 00:21:29,680 Yeah, other 4 words. Wild with that story. 377 00:21:29,720 --> 00:21:31,480 I mean, we, we said this story's going to keep on going. 378 00:21:31,480 --> 00:21:34,880 There's too many people, in my opinion, of influence and power 379 00:21:35,560 --> 00:21:39,120 that are are now being exposed that I think they'll take down 380 00:21:39,120 --> 00:21:40,600 people with them. Do you know what I mean? 381 00:21:40,600 --> 00:21:42,120 Like that's where I think we're at. 382 00:21:42,120 --> 00:21:44,840 Like then influences will get done and then they'll expose 383 00:21:44,840 --> 00:21:46,560 other people. Like there's going to be a 384 00:21:46,560 --> 00:21:48,240 ramifications from this in my opinion. 385 00:21:49,160 --> 00:21:52,280 I mean, this guy, to say things like this, I mean, he just feels 386 00:21:52,280 --> 00:21:57,360 like he is totally safe. Like he's giving interviews 387 00:21:58,120 --> 00:22:00,360 talking about how he could control the president of 388 00:22:00,360 --> 00:22:02,200 Argentina, who has a pretty. This wasn't. 389 00:22:02,200 --> 00:22:06,200 An interview though to be clear, this was this was text. 390 00:22:07,080 --> 00:22:11,040 Yes, yeah. Which I think was like revealed, 391 00:22:11,040 --> 00:22:12,520 I don't know, I don't think he said that in an interview. 392 00:22:12,520 --> 00:22:16,960 He seemed like put together. I think in his as in like, I 393 00:22:16,960 --> 00:22:19,760 don't know, I can't imagine him saying that on a on an 394 00:22:19,800 --> 00:22:21,200 interview. So. 395 00:22:21,360 --> 00:22:26,920 Protos reported this morning that he could not remember 396 00:22:26,920 --> 00:22:29,360 having sent these text messages or something like that. 397 00:22:29,800 --> 00:22:31,680 Your Honour, my client couldn't remember sending these text 398 00:22:31,840 --> 00:22:34,840 messages. He he he was probably drunk at 399 00:22:34,840 --> 00:22:38,400 the $2000 sushi dinner that. He didn't pay for. 400 00:22:40,000 --> 00:22:44,240 That was hilarious. We may have to so I I read that 401 00:22:44,240 --> 00:22:45,720 I I don't have it that the only candy. 402 00:22:46,240 --> 00:22:49,280 I thought it was like a fake meme story just because like 403 00:22:49,280 --> 00:22:51,600 there was no way that was real. And then the the guy who wrote 404 00:22:51,600 --> 00:22:55,000 it shared the picture that they ordered all this Wagyu. 405 00:22:55,000 --> 00:22:57,560 It's time for the check. Hayden goes to the bathroom for 406 00:22:57,560 --> 00:23:01,000 20 minutes and then it's just peeping over tables looking at 407 00:23:01,000 --> 00:23:02,760 the guy while he finally pays it. 408 00:23:03,240 --> 00:23:05,400 And then he comes back immediately afterward afterwards 409 00:23:05,400 --> 00:23:08,800 and says he'll buy the next one. I thought there's no way that 410 00:23:08,800 --> 00:23:10,560 could be real, but it's real. This is incredible. 411 00:23:10,840 --> 00:23:15,240 But the stakes are higher now. Like Malay is going to face like 412 00:23:15,240 --> 00:23:20,080 a pretty serious like anti corruption, like anti bribery 413 00:23:21,040 --> 00:23:23,920 investigation here. Like Hayden saying he paid off 414 00:23:23,920 --> 00:23:29,040 his sister, it's about as bad as it gets. 415 00:23:29,520 --> 00:23:32,120 I mean other than paying off Malay himself and he's saying 416 00:23:32,120 --> 00:23:35,040 like he could control him and Malay is signing off so this is 417 00:23:35,040 --> 00:23:37,840 going to go deeper. Totally agree. 418 00:23:39,280 --> 00:23:41,320 It it feels like we're not really going to recover in the 419 00:23:41,320 --> 00:23:43,840 salon of trenches until this is all fully past us. 420 00:23:45,160 --> 00:23:48,000 And it doesn't seem like it it's that soon. 421 00:23:48,200 --> 00:23:51,760 But you mentioned other markets. This AVAX action is wild. 422 00:23:52,400 --> 00:23:57,680 This KET token it's 425,000,000. I think it was a pre sale and 423 00:23:57,680 --> 00:24:01,640 the pre sellers were up something like 1000 XA Wink was 424 00:24:01,640 --> 00:24:03,840 another pre sale. It's at 140 million. 425 00:24:03,840 --> 00:24:08,680 I think those pre sellers all cleared 6 figures at this point 426 00:24:08,680 --> 00:24:11,600 if they held the token just for a handful of days. 427 00:24:12,480 --> 00:24:17,480 But it's more than just this. The arena, I thought the arena 428 00:24:17,480 --> 00:24:20,800 token was at it. So arena is at 100 million FTV 429 00:24:20,800 --> 00:24:24,680 now that the social Fi network that came out after Frintech. 430 00:24:25,560 --> 00:24:29,480 So I mean it's grinding up. So there is a full AVAX season 431 00:24:29,800 --> 00:24:33,080 this is. What I'm kind of saying like the 432 00:24:33,080 --> 00:24:34,800 DJ activity is just not happening on stall. 433 00:24:35,480 --> 00:24:41,440 So I'm seeing some of it, but like it's BNB, it's AVAX, it's 434 00:24:42,080 --> 00:24:46,760 like occasionally base, but like, and that we said 435 00:24:46,760 --> 00:24:51,400 yesterday, that might not be that much of a problem like long 436 00:24:51,400 --> 00:24:54,880 term, but I do think short term, it's like something that 437 00:24:55,520 --> 00:24:58,920 speculative capital. This may be an opportunity, you 438 00:24:58,920 --> 00:25:02,640 know what I mean? Like this may be not like there 439 00:25:02,640 --> 00:25:06,520 is a bit of a more than I've seen for a long, long, long 440 00:25:06,520 --> 00:25:07,800 time. Like even when there were other 441 00:25:07,800 --> 00:25:11,480 seasons, you know, like Tron season, AVAC season, all that 442 00:25:11,480 --> 00:25:15,840 sort of stuff like Solana coins would still be like ripping 443 00:25:15,840 --> 00:25:17,360 during that period. They'd still be active. 444 00:25:17,360 --> 00:25:19,440 It's just like we would move, move on to how to change this 445 00:25:19,440 --> 00:25:20,680 kind of feels a bit more than that. 446 00:25:20,680 --> 00:25:22,680 I don't know, I don't know if you guys agree, but like it does 447 00:25:22,680 --> 00:25:27,360 feel like the casino is like almost closed for a bit on on 448 00:25:27,360 --> 00:25:29,440 Seoul. It's not like oh, it's down and 449 00:25:29,440 --> 00:25:32,040 like stuff still moving, but low lower volume. 450 00:25:33,960 --> 00:25:35,080 I. Think it's mostly close. 451 00:25:35,080 --> 00:25:37,960 They're they're still like the D Jens who are just never going to 452 00:25:37,960 --> 00:25:40,160 close meme scope and like that's their day job. 453 00:25:41,000 --> 00:25:43,920 But I think for majority of participants, they're not in the 454 00:25:43,920 --> 00:25:46,640 Seoul casino right now. I think Russell jumps up to me. 455 00:25:46,640 --> 00:25:51,800 Look at these volumes like the green token did 160 million. 456 00:25:52,160 --> 00:25:57,240 That's more than the entire AVAX board saw, but but still these 457 00:25:57,240 --> 00:26:01,320 tokens are grinding up 1020% with 9 figure market caps. 458 00:26:01,320 --> 00:26:04,120 So like you can, you can run these coins with with far less 459 00:26:04,120 --> 00:26:05,960 volume. It also makes me think how much 460 00:26:05,960 --> 00:26:09,400 of the volume is just totally thick on on Solana. 461 00:26:11,960 --> 00:26:13,440 So we'll we'll see how it continues to play. 462 00:26:13,440 --> 00:26:14,920 I think base is going to be a winner here. 463 00:26:14,920 --> 00:26:18,920 You mentioned one of the biggest tokens of the day was frock up 464 00:26:18,960 --> 00:26:25,720 87,000 percent, 25,000,000. There's another token coming to 465 00:26:25,720 --> 00:26:29,920 base here tomorrow. Maybe we just get right into it, 466 00:26:29,920 --> 00:26:33,760 folks. Kaido, Kaido tge tomorrow, 7:00 467 00:26:34,360 --> 00:26:37,880 AM Eastern. That is 12:00 PM UTC. 468 00:26:37,880 --> 00:26:42,000 The info Phi era is going to begin soon. 469 00:26:42,280 --> 00:26:44,920 They did not release tokenomics. Tokenomics are going to come out 470 00:26:44,920 --> 00:26:49,200 right before the AirDrop. And the past few days they have 471 00:26:49,200 --> 00:26:53,600 been talking about how they've been profitable on a few 472 00:26:53,600 --> 00:26:57,400 different arms of their company and they've shared more 473 00:26:57,400 --> 00:27:01,440 information about how they, they plan to use the token to, to 474 00:27:01,440 --> 00:27:03,680 drive their, their broader ecosystem. 475 00:27:05,000 --> 00:27:07,320 So that they're moving fast. Like some folks would say like, 476 00:27:07,320 --> 00:27:08,880 hey, wait for better market conditions. 477 00:27:08,880 --> 00:27:11,000 They're they're saying no, we're going to move far ahead. 478 00:27:11,480 --> 00:27:13,720 We did apparently. So this is going to launch on 479 00:27:13,720 --> 00:27:15,440 Binance. Binance shares some token 480 00:27:15,440 --> 00:27:22,960 details, 1 billion supply, it looks like 24% circulating, 2% 481 00:27:22,960 --> 00:27:27,440 going to those Binance stakers for their launchpad there. 482 00:27:27,440 --> 00:27:30,360 So some of the Binance folks are going to eat here. 483 00:27:30,640 --> 00:27:34,280 It leaves about 22% of the tokens for some kind of an 484 00:27:34,280 --> 00:27:38,560 AirDrop slash LP. So still TBD on how many goes to 485 00:27:38,560 --> 00:27:40,560 the NFTS, how many goes to the yappers. 486 00:27:42,960 --> 00:27:50,480 It's it's not doing bad on pre markets, dollar 45 on Ivo. 487 00:27:50,560 --> 00:27:58,360 Ivo right now Wales has it at $1.43, about 250 three, $100,000 488 00:27:58,360 --> 00:28:02,480 in volume, not not a tremendous amount of volume in 24 hours, 489 00:28:02,480 --> 00:28:07,040 but not just totally a liquid. So it's turning at a dollar 490 00:28:07,040 --> 00:28:12,600 four, basically 1.4 billion FTV here ahead of its launch. 491 00:28:13,840 --> 00:28:15,840 I want to say I had one more tweet on this. 492 00:28:16,560 --> 00:28:19,400 It's going to be on Binance. I think it's it's going to be on 493 00:28:19,400 --> 00:28:27,680 base as well. And I don't know, it's feeling 494 00:28:27,800 --> 00:28:29,920 like it could be all right. I mean, Logan, what are your 495 00:28:29,920 --> 00:28:32,040 thoughts on this early reaction? I think the question on 496 00:28:32,040 --> 00:28:33,360 everyone's mind is who are the buyers? 497 00:28:34,200 --> 00:28:34,800 It's. Curious for. 498 00:28:34,800 --> 00:28:37,360 Reactions, yeah. I mean, that's the, the big 499 00:28:37,360 --> 00:28:39,840 question I've actually seen tweeted a few times today, which 500 00:28:39,840 --> 00:28:42,840 is surprising given that most of crypto Twitter is going to 501 00:28:42,840 --> 00:28:45,400 benefit from this. But I, I don't know who the 502 00:28:45,400 --> 00:28:47,080 buyers are. I mean, it really I think 503 00:28:47,080 --> 00:28:51,080 depends on what, what do we learn about the future of Kaido? 504 00:28:51,080 --> 00:28:54,200 What are we learning about the staking component of it? 505 00:28:55,560 --> 00:28:58,680 Is it that open decentralized network stuff that we talked 506 00:28:58,680 --> 00:29:01,560 about yesterday? Is that a real ambition and 507 00:29:01,560 --> 00:29:06,800 endeavor from them and can they make the token have a life 508 00:29:06,800 --> 00:29:09,880 beyond just the AirDrop, which is really difficult to do as 509 00:29:09,880 --> 00:29:11,520 we've spent a lot of time talking about? 510 00:29:12,480 --> 00:29:16,600 So interested to see. I, I don't know really what to 511 00:29:16,600 --> 00:29:17,880 make of it. I mean, I think we're making a 512 00:29:17,880 --> 00:29:21,200 lot of the market's making a lot of assumptions for a variety of 513 00:29:21,200 --> 00:29:23,640 reasons. One, it's fun to speculate to 514 00:29:23,840 --> 00:29:26,480 people want this to do really well because, you know, of 515 00:29:26,480 --> 00:29:32,440 course, many are incentivized by the the token that's coming and 516 00:29:32,440 --> 00:29:34,360 nothing else feels good right now. 517 00:29:34,480 --> 00:29:37,040 So we're we're hope, but there's a lot of opium here. 518 00:29:38,040 --> 00:29:40,400 I don't have many apps. I hope it's worth as much as it 519 00:29:40,400 --> 00:29:44,960 could possibly be worth. I likely, given the the amount 520 00:29:44,960 --> 00:29:48,000 of apps that I have, will be insta dumping whatever I 521 00:29:48,000 --> 00:29:50,760 receive. You know, pending some real 522 00:29:50,760 --> 00:29:54,560 weird thing that comes out with the tokenomics tomorrow. 523 00:29:55,200 --> 00:29:58,200 Yeah, you're in the majority. I feel like the people who have 524 00:29:58,200 --> 00:30:00,680 the apps are excited and rooting this on. 525 00:30:00,800 --> 00:30:04,200 Folks who don't have the apps are just screaming for this to 526 00:30:04,200 --> 00:30:07,280 go to 0. There's never been a group of 527 00:30:07,280 --> 00:30:11,120 people who just are rooting for new protocols to just go to 0 as 528 00:30:11,120 --> 00:30:13,640 fast as they can. I think in general, before this 529 00:30:13,640 --> 00:30:17,080 whole AirDrop campaign, people were generally fans of the Kaido 530 00:30:17,080 --> 00:30:20,720 data analytics and visualizations that they 531 00:30:20,720 --> 00:30:22,720 provided for us, this mindshare metric. 532 00:30:24,000 --> 00:30:26,280 But now there's just so much anger out there. 533 00:30:26,520 --> 00:30:28,600 So how can they, how can they get people to buy this? 534 00:30:28,800 --> 00:30:31,000 So like Brett's got a tweet. He was digging into this a 535 00:30:31,000 --> 00:30:32,760 little bit. He thinks there's going to be 536 00:30:32,760 --> 00:30:36,920 staking investing. So if you can only get the go 537 00:30:36,920 --> 00:30:40,000 forward kind of rewards via staking, there you go right 538 00:30:40,040 --> 00:30:40,920 there. But I would. 539 00:30:40,920 --> 00:30:43,720 Say it's a really bad time for an AirDrop where a bunch of 540 00:30:43,720 --> 00:30:48,680 influencers make money. You know, people like airdrops, 541 00:30:49,520 --> 00:30:51,520 they don't generally like air drops where a bunch of 542 00:30:51,520 --> 00:30:53,520 influences are going to tell you how great an air drop is and, 543 00:30:53,520 --> 00:30:54,840 and you didn't make money on them. 544 00:30:54,840 --> 00:30:58,560 So it's this, this one is probably the most divisive 1 to 545 00:30:58,560 --> 00:31:02,600 come at this time. I would say there's a reason why 546 00:31:02,600 --> 00:31:04,320 people perhaps don't want this one to do so. 547 00:31:04,320 --> 00:31:07,760 Well, that being said, like I do think it has a it has a real 548 00:31:07,760 --> 00:31:10,080 business, unlike the vast majority of these other ones 549 00:31:10,080 --> 00:31:12,240 like this. I don't know what revenue Kaiser 550 00:31:12,240 --> 00:31:16,280 is making, but like it's not cheap to to buy their their 551 00:31:16,520 --> 00:31:20,640 their monthly subscription. And who knows, like maybe they 552 00:31:20,640 --> 00:31:24,960 do live like a web 3 model for the for the token in some way 553 00:31:24,960 --> 00:31:28,680 there. I am slightly confused why 554 00:31:28,680 --> 00:31:31,800 they've even done a token like the business doesn't necessarily 555 00:31:31,800 --> 00:31:33,800 need one. So like maybe maybe they're 556 00:31:33,800 --> 00:31:37,480 experimenting with this sort of like, yeah, like the web three 557 00:31:37,720 --> 00:31:40,000 business model side of stuff, but. 558 00:31:45,520 --> 00:31:48,320 Yeah, we'll see more about how they plan to incorporate it 559 00:31:48,320 --> 00:31:50,080 within like their broader economy. 560 00:31:50,840 --> 00:31:55,760 And you know, perhaps brands will need to have some tokens to 561 00:31:55,760 --> 00:32:01,240 to play a part of this to join pre TGEI think for the yappers 562 00:32:01,560 --> 00:32:05,040 likely to continue to earn rewards to be able to vote that 563 00:32:05,040 --> 00:32:07,040 type of thing that's likely going to include a token 564 00:32:07,040 --> 00:32:09,520 component. So they've got some levers they 565 00:32:09,520 --> 00:32:12,960 can pull here real quick. Roll bit code for today, Kaito, 566 00:32:13,520 --> 00:32:18,200 KAITO for those robot spins coming up here in about 15 567 00:32:18,640 --> 00:32:22,360 minutes or so. So it's trading at 1.4 billion 568 00:32:22,360 --> 00:32:25,000 FTVI was trying to come up with comps. 569 00:32:25,680 --> 00:32:29,640 It's portal token. It's a portal right now, $63 570 00:32:29,640 --> 00:32:32,760 million market cap, 140 million FTV. 571 00:32:33,520 --> 00:32:34,800 Is portal to do with that though? 572 00:32:35,800 --> 00:32:39,000 Well, it's a similar type of. No Portal. 573 00:32:39,000 --> 00:32:41,240 Portal is a is a gaming tech company. 574 00:32:41,680 --> 00:32:44,640 I guess they had the social. They had the social element at 575 00:32:44,640 --> 00:32:47,280 the start to get everyone to talk about portal, but no, this 576 00:32:47,440 --> 00:32:49,840 it's not a social vibe empty in any way. 577 00:32:49,840 --> 00:32:52,280 Portal the best is what you said. 578 00:32:52,280 --> 00:32:55,920 It's it's like portal is a portal that you can use 579 00:32:55,920 --> 00:32:58,560 different web three games with a pass on it like that. 580 00:32:58,560 --> 00:33:00,880 That's what portal is, but they just they were the first to do 581 00:33:00,880 --> 00:33:05,520 the like the the farming, the social farming stuff, I guess. 582 00:33:06,600 --> 00:33:09,800 I guess it's things like Starz Arena, if I'm honest, but but if 583 00:33:09,800 --> 00:33:11,400 it feels like a much Better Business. 584 00:33:13,280 --> 00:33:16,360 So I don't know if that's doing a disservice to Kaita. 585 00:33:17,920 --> 00:33:20,640 Yeah. I mean, I think it's it's 586 00:33:20,640 --> 00:33:23,960 stronger than that, is it? So fintech hit like 300 million 587 00:33:25,080 --> 00:33:28,640 at peak arena technically did, but that was like on launch day 588 00:33:28,840 --> 00:33:32,600 again, it's back to 100 million. I think it can open at a billion 589 00:33:32,600 --> 00:33:35,560 FTB. Logan, what do you think 590 00:33:36,760 --> 00:33:39,240 launched a. Yeah, I think these pre markets 591 00:33:39,240 --> 00:33:43,640 are getting slightly better as you know they exist for a bit 592 00:33:43,640 --> 00:33:46,920 longer. So I don't given the hype on the 593 00:33:46,920 --> 00:33:50,680 timeline, given the AI components, I mean there's 594 00:33:50,680 --> 00:33:53,880 enough buzzwords here. It would not shock me at all to 595 00:33:53,880 --> 00:33:57,920 see a billion dollar FDV that still would not be. 596 00:33:57,920 --> 00:34:02,000 I mean, sorry, I should say that would be incentive enough for me 597 00:34:02,000 --> 00:34:05,560 to instant up my tokens and probably many, many others. 598 00:34:06,000 --> 00:34:06,720 You just. Can't get you? 599 00:34:06,720 --> 00:34:08,320 Can't wait to get rid of your Kaido tokens. 600 00:34:09,960 --> 00:34:12,239 I think I have 21 yaps or something like that. 601 00:34:12,239 --> 00:34:14,600 I was not farming this. I was not tweeting about how 602 00:34:14,600 --> 00:34:19,480 many yaps I had. Kudos to those who received yaps 603 00:34:19,480 --> 00:34:21,800 without talking about yaps. You should get some sort of 604 00:34:21,800 --> 00:34:25,280 multiplier for that. But yeah. 605 00:34:25,600 --> 00:34:28,159 I will be looking to dump my my tiny little portion. 606 00:34:28,159 --> 00:34:29,920 It'll likely be a trivial amount of money. 607 00:34:29,920 --> 00:34:33,400 Maybe I'll, I don't know, buy a nice lunch or something. 608 00:34:34,199 --> 00:34:36,480 Maybe their vision and tokenomics will change your mind 609 00:34:36,480 --> 00:34:37,840 tomorrow. We we will see. 610 00:34:38,040 --> 00:34:40,400 So Logan, there's a couple other token news pieces from 611 00:34:40,400 --> 00:34:43,480 yesterday. So on Chain Heroes, they 612 00:34:43,480 --> 00:34:48,719 announced their hero token and tea collection and Walrus, this 613 00:34:49,320 --> 00:34:52,480 one of the leading protocols on SUI, they did a little bit of a 614 00:34:52,480 --> 00:34:53,760 drop yesterday. So what can you tell us about 615 00:34:53,760 --> 00:34:56,960 this? Yeah, so they air dropped it a 616 00:34:56,960 --> 00:35:00,560 soul bound NFT sort of similar to what mega youth just did. 617 00:35:00,560 --> 00:35:05,720 And this is going to enable those who received that NFT to, 618 00:35:05,720 --> 00:35:12,400 yeah, 4% of the WAL wall token supply, which will eventually 619 00:35:12,400 --> 00:35:14,000 come. I don't believe I read the blog 620 00:35:14,000 --> 00:35:15,640 this morning. I don't believe there was a date 621 00:35:15,640 --> 00:35:17,680 for that. But this is giving you an 622 00:35:17,680 --> 00:35:20,400 indication that you will eventually be able to claim 623 00:35:20,400 --> 00:35:23,640 tokens that come in. And Walrus is a decentralized 624 00:35:23,640 --> 00:35:27,920 storage protocol. And actually, Decrypt utilizes 625 00:35:28,200 --> 00:35:33,720 Walrus to store its articles and videos in a in a decentralized 626 00:35:33,720 --> 00:35:37,600 fashion. So yeah, we've been talking 627 00:35:37,600 --> 00:35:39,640 about Swee on and off for a long time. 628 00:35:41,280 --> 00:35:44,040 People are looking for protocols, things to do there, 629 00:35:44,040 --> 00:35:45,560 things to be able to pay attention to. 630 00:35:45,560 --> 00:35:47,200 Obviously, this is one of the bigger ones. 631 00:35:47,480 --> 00:35:50,320 And you may be able, you may have earned if you participated 632 00:35:50,320 --> 00:35:54,040 in any way early Swee participants, people that have, 633 00:35:54,160 --> 00:35:57,240 you know, messed around in the protocol with it in any way, at 634 00:35:57,240 --> 00:35:59,440 least check to see if you got it and you're entitled to some 635 00:35:59,440 --> 00:36:02,160 tokens down the road. So they've got a real world 636 00:36:02,160 --> 00:36:05,840 business. Decrypt is storing what 637 00:36:07,040 --> 00:36:08,880 historical articles, articles and. 638 00:36:08,920 --> 00:36:11,480 Videos. Yeah, nice. 639 00:36:13,440 --> 00:36:15,520 And it's hard. A couple of things jump out. 640 00:36:15,520 --> 00:36:21,240 We don't know the timeline. I feel like probably somewhat 641 00:36:21,240 --> 00:36:23,160 soon ish, like this doesn't feel like something you necessarily 642 00:36:23,160 --> 00:36:26,040 do like six months out. So I'd say probably in the next 643 00:36:26,040 --> 00:36:27,600 few months. And then this is also a new 644 00:36:27,600 --> 00:36:29,840 interesting model for NFTS, which I don't feel like we 645 00:36:29,840 --> 00:36:31,560 really saw until Trump came into office. 646 00:36:31,960 --> 00:36:34,880 Mega ETH has done this now, Walrus, where they're air 647 00:36:34,880 --> 00:36:38,160 dropping soul bound NFTS as your token allocation. 648 00:36:39,880 --> 00:36:42,800 So this is clearly a new trend, yeah. 649 00:36:43,440 --> 00:36:45,680 It's it's interesting it, it also presents like the 650 00:36:45,680 --> 00:36:49,960 opportunity for the team to sort of, you know, vest those tokens 651 00:36:49,960 --> 00:36:55,200 to you over time and maybe tied some of the, the initial air 652 00:36:55,200 --> 00:36:58,400 drop dump fest stuff that normally happens. 653 00:36:58,640 --> 00:37:02,880 I'm all for even what feels like maybe minor innovation here. 654 00:37:02,880 --> 00:37:06,080 I'm all for teams experimenting with with trying to do new cool 655 00:37:06,080 --> 00:37:09,400 things as it relates to providing tokens or rewards to 656 00:37:09,560 --> 00:37:12,360 the community. So kudos to Walrus, Mega Ethan. 657 00:37:12,560 --> 00:37:14,200 Anybody else willing to take a chance like this? 658 00:37:15,880 --> 00:37:17,200 For sure. And then the other thing 659 00:37:17,200 --> 00:37:20,920 happening, Unchained Heroes. A lot of pieces of news here, 660 00:37:21,160 --> 00:37:22,720 Logan. So I think we got new NF TS 661 00:37:22,720 --> 00:37:27,760 coming, we have new a new token coming or what do we need to 662 00:37:27,760 --> 00:37:30,760 know about this? I guess for some context, this 663 00:37:30,760 --> 00:37:33,520 is a, you know, one of the larger initial projects that 664 00:37:33,520 --> 00:37:34,840 said they were going to launch on abstract. 665 00:37:35,160 --> 00:37:37,560 Yeah. Yeah, I'd say I'm sorry. 666 00:37:37,560 --> 00:37:40,480 I was just saying I'd say this is in like those top two to 667 00:37:40,480 --> 00:37:43,040 three hyped up abstract projects. 668 00:37:43,040 --> 00:37:47,720 It's an idle RPG and it aims to be very idle. 669 00:37:47,840 --> 00:37:51,080 In the docs that I was reading, it's for the Busy D Jam. 670 00:37:51,080 --> 00:37:54,480 It says somebody that is willing to spend maybe 5 or 10 minutes a 671 00:37:54,480 --> 00:37:58,040 day, I don't know, questing, you know, fighting, battling, 672 00:37:58,040 --> 00:38:02,360 whatever you do in an RPG. I'm not a big gamer, so people 673 00:38:02,360 --> 00:38:04,880 would know better than I do. But yeah, they're they're 674 00:38:04,880 --> 00:38:06,920 hosting their mint. I think it may have actually 675 00:38:06,920 --> 00:38:11,520 already started the first phases of such for the on chain Genesis 676 00:38:11,520 --> 00:38:14,680 hero rings or the on chain Genesis rings that were minted 677 00:38:14,680 --> 00:38:18,440 on ETH back in December. So they they've kick started 678 00:38:18,440 --> 00:38:22,000 that and it's the mint for the heroes, the actual heroes which 679 00:38:22,000 --> 00:38:26,520 will be necessary to partake in the game, which takes place on 680 00:38:26,520 --> 00:38:29,440 abstract. It's fully on chain and that'll 681 00:38:29,440 --> 00:38:33,120 kick off I think once mint is completed later this week. 682 00:38:33,840 --> 00:38:35,640 I think tomorrow is maybe the last phase. 683 00:38:35,640 --> 00:38:38,040 So perhaps tomorrow afternoon or something like that. 684 00:38:38,040 --> 00:38:40,480 But this is one of those ones people are looking for something 685 00:38:40,480 --> 00:38:42,600 to do on abstract. This seems to be one of the ones 686 00:38:42,600 --> 00:38:45,120 that is very, very hyped up. And it provides you the 687 00:38:45,120 --> 00:38:47,960 opportunity to play a game, earn some abstract XP. 688 00:38:47,960 --> 00:38:50,560 And then also too, yeah, as you noted, they have a hero token 689 00:38:51,240 --> 00:38:53,640 which it's utilizing. You know, you earn, you can earn 690 00:38:53,640 --> 00:38:58,320 via the game all the spend or 50% of the spend I think in game 691 00:38:58,320 --> 00:39:00,920 is then distributed at to the leaderboard at the end of each 692 00:39:00,920 --> 00:39:05,320 season. So play to earn in in its finest 693 00:39:05,760 --> 00:39:09,560 on chain, on abstract. Yeah, you know, that went 694 00:39:09,560 --> 00:39:12,800 through gaming tokens, NFTS on abstract. 695 00:39:12,840 --> 00:39:15,520 I feel like folks have been kind of waiting for, you know, more 696 00:39:15,520 --> 00:39:19,120 projects to drop, more reasons to deploy capital. 697 00:39:19,120 --> 00:39:22,560 So I'm I'll be very curious how this one performs here over the 698 00:39:22,640 --> 00:39:26,160 the coming days and weeks on abstract. 699 00:39:26,160 --> 00:39:29,560 I think the other piece of news folks, we've got some runes 700 00:39:29,560 --> 00:39:35,960 news, a few pieces of runes news, Bitcoin runes dog dog go 701 00:39:35,960 --> 00:39:40,480 to the moon is launching on Solana today and Slingshot. 702 00:39:41,600 --> 00:39:46,720 So they are making the trek for more liquidity to be tradable. 703 00:39:47,040 --> 00:39:50,320 Multi chain markets responded a little bit. 704 00:39:51,400 --> 00:39:56,360 It's up 9 percent, 312 million. That's probably we're just 300 705 00:39:56,360 --> 00:39:59,040 million rank in our in our meme rankings to be honest. 706 00:39:59,040 --> 00:40:00,920 It's actually gone up quite a lot, Like, yeah. 707 00:40:03,600 --> 00:40:07,320 It's probably too bad this. I mean, it's right next to Mog. 708 00:40:07,320 --> 00:40:10,200 Yeah, it's neck and neck with Mog. 709 00:40:10,600 --> 00:40:13,880 Mog's not doing well. That's sort of wild neck and 710 00:40:13,880 --> 00:40:17,520 neck with Mog. I mean, Farquine, it's, it's the 711 00:40:17,520 --> 00:40:21,400 same market cap as Farquine. That's I kind of felt like 712 00:40:21,400 --> 00:40:23,440 because. People might move to ETH like 713 00:40:23,440 --> 00:40:28,400 some of these ETH meme coins might do well and MOG just has 714 00:40:28,400 --> 00:40:31,840 not taken up the the the challenge. 715 00:40:32,520 --> 00:40:34,480 Yeah, I saw you. You were talking about Pepe, 716 00:40:34,480 --> 00:40:37,400 maybe I like. Pepe I like Pepe in general but 717 00:40:37,400 --> 00:40:43,520 but as like a hold it through whatever sort of meme but mog 718 00:40:43,520 --> 00:40:47,080 feels Mog feels like it's got a shot to prove it's a multi cycle 719 00:40:47,080 --> 00:40:52,040 meme to me and I'm not sure if it's going to do it. 720 00:40:53,040 --> 00:40:55,160 Now's the time. So like Pepe is constantly Now's 721 00:40:55,160 --> 00:40:56,360 the. Time guys like. 722 00:40:59,000 --> 00:41:02,600 Well, we're going to see I, I think this is time perhaps the 723 00:41:02,600 --> 00:41:04,280 DCA into these. I don't think any of them are 724 00:41:04,280 --> 00:41:05,560 going to have violent moves upwards. 725 00:41:05,560 --> 00:41:09,480 I guess what could invalidate that is if we see a big move in 726 00:41:09,600 --> 00:41:14,440 ETH, perhaps tied to that, that staking ETF's come out, I could 727 00:41:14,440 --> 00:41:17,760 see that possibly being a positive catalyst for the ETH 728 00:41:17,760 --> 00:41:19,120 meme. So I guess if there's just a 729 00:41:19,120 --> 00:41:22,480 meme season on different chains, I guess perhaps those two would 730 00:41:23,040 --> 00:41:27,080 would be standard benefit. Yeah. 731 00:41:27,080 --> 00:41:28,720 So this is this is the MOG chart. 732 00:41:28,800 --> 00:41:33,920 Looks like it's going to need some more time here to to find 733 00:41:33,920 --> 00:41:37,920 support and to rally. So dog is right in the mix. 734 00:41:37,920 --> 00:41:40,280 Now it's going to be multi chain moving to Solana, perhaps at a 735 00:41:40,280 --> 00:41:42,240 bad time. We'll see, yeah. 736 00:41:42,960 --> 00:41:44,600 No, they didn't. They didn't time that well, did 737 00:41:44,600 --> 00:41:45,520 they? Let's see. 738 00:41:45,520 --> 00:41:47,600 How they are welcomed and then magic Internet money. 739 00:41:49,280 --> 00:41:53,200 This has been what what they call BRC 20s. 740 00:41:53,200 --> 00:41:55,760 I'm I'm forgetting like what the what the predecessor to wings 741 00:41:55,760 --> 00:41:59,280 were BRC 20. This was the the longest lasting 742 00:41:59,280 --> 00:42:00,800 BRC 20. They were supposed to launch a 743 00:42:00,800 --> 00:42:03,280 ruin. Ruins are a year old now, I 744 00:42:03,280 --> 00:42:05,440 think, or close damn near a year old. 745 00:42:07,000 --> 00:42:09,720 We've been waiting a year for this one finally came out. 746 00:42:09,720 --> 00:42:12,640 It's a ruins now. Many have called it the best, 747 00:42:14,120 --> 00:42:16,960 the best meme on Bitcoin because it's tied, you know, to to the 748 00:42:16,960 --> 00:42:21,320 Wizards and the magic Internet. Money opens at 55,000,000 as a 749 00:42:21,320 --> 00:42:25,520 ruin, enough to make it the number 2, which also just shows 750 00:42:25,520 --> 00:42:26,840 you where the rest of the board is. 751 00:42:27,760 --> 00:42:33,120 Pups is at 34 million market cap billion dollar caps at 17. 752 00:42:34,520 --> 00:42:37,960 RSIC is at 16. Gizmo is at four and a half 753 00:42:38,080 --> 00:42:38,800 million. Look at those. 754 00:42:38,800 --> 00:42:42,120 Volumes, Tyler, I mean it's just atrocious. 755 00:42:43,000 --> 00:42:47,440 I mean, Billy is like pretty notable pups of I mean pups. 29 756 00:42:47,440 --> 00:42:51,200 thousand $30,000 in volume. I know there's other, there's 757 00:42:51,200 --> 00:42:54,640 other places, there's other areas where you can trade pups, 758 00:42:54,640 --> 00:42:57,160 but on magic eating the volume is down, that's true. 759 00:42:57,880 --> 00:43:06,120 Yeah, that's true. Still, it's weak, it's weak and 760 00:43:06,120 --> 00:43:08,440 I think we've been wondering like what is the next catalyst 761 00:43:09,160 --> 00:43:14,400 and the Seoul casino winding down for a bit, you could maybe 762 00:43:14,400 --> 00:43:17,520 make a case, hey, like that, that could somewhat lead the 763 00:43:17,520 --> 00:43:19,960 money on Bitcoin, but we're not seeing it there's. 764 00:43:19,960 --> 00:43:25,080 No catalyst we we might get we might get like a a two or three 765 00:43:25,360 --> 00:43:30,680 day, maybe a week, week and a half long like mini runes run at 766 00:43:30,680 --> 00:43:35,080 some point, maybe that's it. It's over. 767 00:43:35,720 --> 00:43:38,880 I'm ready to call it. I'm still holding pups, I'm 768 00:43:38,880 --> 00:43:41,920 still holding RSIC. They're sitting in a wall and I 769 00:43:41,920 --> 00:43:44,720 don't ever look at it because I don't want to be depressed much 770 00:43:44,720 --> 00:43:46,600 more than I have to when I look at this board. 771 00:43:48,040 --> 00:43:48,680 It's. Over. 772 00:43:49,200 --> 00:43:53,240 I've round trips quite a bit. We we can move on from that. 773 00:43:53,360 --> 00:43:56,800 So Speaking of pain, round tripping pain, the pain token 774 00:43:57,880 --> 00:44:02,280 tweeted out last night. Perseverance always inspires new 775 00:44:02,280 --> 00:44:03,720 insight, strength. Kurt dropped them as a 776 00:44:03,720 --> 00:44:06,960 motivation, innovation, new growth with the mean there. 777 00:44:06,960 --> 00:44:11,800 If you look at the first letters of this tweet that says pain is 778 00:44:11,800 --> 00:44:15,440 coming. Can't, can't they just refund? 779 00:44:15,440 --> 00:44:17,680 I think people are really discerning about the refund bit 780 00:44:17,680 --> 00:44:19,960 of this, right? Like, because Seoul is down so 781 00:44:19,960 --> 00:44:24,920 much. And I was like, how have you 782 00:44:24,920 --> 00:44:29,880 still got all this money? Logan, do you do you remember 783 00:44:29,880 --> 00:44:34,720 when the pain presale closed? No, not not off the top of my 784 00:44:34,720 --> 00:44:37,840 head. It might be a 10 days ago, which 785 00:44:37,840 --> 00:44:39,760 is like a lifetime ago, something like that. 786 00:44:39,760 --> 00:44:41,200 It. Was longer than that, right? 787 00:44:44,600 --> 00:44:46,600 See if you can scroll through and try to find it. 788 00:44:46,680 --> 00:44:48,320 Like I'm just trying to. I want to figure out what was 789 00:44:48,320 --> 00:44:50,680 the price of Seoul when when we sent our funds. 790 00:44:50,680 --> 00:44:56,600 So disclosure, I sent a decent chunk of Seoul, not OSF chunk, 791 00:44:56,880 --> 00:45:01,400 but a pretty healthy chunk. And I think Seoul's down 792 00:45:02,640 --> 00:45:07,600 somewhere between 50 and $70.00 token since then. 793 00:45:08,000 --> 00:45:10,320 OK. So the pre sale started on 794 00:45:11,520 --> 00:45:18,360 February 1st at 11:17 PM Eastern Time, sort of ended around, you 795 00:45:18,360 --> 00:45:21,120 know, just before midnight on February 4th. 796 00:45:21,960 --> 00:45:25,800 OK. So, so it was like 210, so it's 797 00:45:25,800 --> 00:45:28,280 down $40. That's a. 798 00:45:28,480 --> 00:45:31,400 Lot. I probably would have just 799 00:45:31,400 --> 00:45:33,320 fired, lost a lot of the soul anyways. 800 00:45:34,160 --> 00:45:38,160 On the 6th Portnoy derivative. So maybe they are the the 801 00:45:38,200 --> 00:45:39,920 safeguarders. No comment. 802 00:45:42,680 --> 00:45:45,320 Our our Bob lacks soul has been in his wallet. 803 00:45:45,600 --> 00:45:47,240 Like we might still be up on that Soul. 804 00:45:47,520 --> 00:45:51,280 So I think it was that pre sale was back in like November. 805 00:45:51,960 --> 00:45:55,080 So soul might have actually still been sub 170 at that 806 00:45:55,080 --> 00:45:58,320 point. We will see if pain is able to 807 00:45:58,800 --> 00:46:01,560 launch here soon and like is this the right market for it? 808 00:46:02,240 --> 00:46:03,520 Maybe. I guess it's painful. 809 00:46:04,760 --> 00:46:08,120 We saw from Portnoy the name isn't. 810 00:46:08,200 --> 00:46:12,360 Going to save this one either guys thought like, Oh yeah, we 811 00:46:12,360 --> 00:46:14,560 suddenly we suddenly got all this money to gamble on this 812 00:46:14,560 --> 00:46:16,320 thing. I don't even know where does 813 00:46:16,320 --> 00:46:19,040 where does that put it? Like if it goes, let's bring up 814 00:46:19,040 --> 00:46:24,560 soul meme coins like what is what are the market caps? 815 00:46:24,560 --> 00:46:28,040 Obviously Trump still hanging out around 3 billion bongs at 816 00:46:28,040 --> 00:46:32,840 1.2 dog with hats interestingly held up. 817 00:46:32,840 --> 00:46:40,320 OK, Pudges is down to 500 now what is wood and why is that 300 818 00:46:40,320 --> 00:46:42,520 million I'm. Not even familiar with that 819 00:46:42,640 --> 00:46:46,480 token. That's a is that that the 820 00:46:46,600 --> 00:46:50,880 Chinese governmental official or whatever meme maybe I lost it on 821 00:46:50,880 --> 00:46:56,760 pump it's. $380 million with $1 million traded. 822 00:46:57,800 --> 00:47:03,280 That's a scam. AI. 16 ZS at 300, Fart coins at 823 00:47:03,720 --> 00:47:11,120 300. Popcats 23225 I think. 824 00:47:11,200 --> 00:47:13,640 Yeah, you could aim for it in the 200 range maybe. 825 00:47:15,120 --> 00:47:16,800 Maybe. I actually just don't even know. 826 00:47:16,800 --> 00:47:20,280 I think people will like people. This has probably been the best 827 00:47:20,280 --> 00:47:24,800 trade that anyone's done in the last month for anyone who's in 828 00:47:24,800 --> 00:47:28,240 that pre sale. So I feel as though you're not 829 00:47:28,240 --> 00:47:31,120 going to find buyers, but you'll find you'll find sellers. 830 00:47:31,640 --> 00:47:34,360 Well, that's the thing. So like if the pre sellers like 831 00:47:34,360 --> 00:47:37,720 if you want a quick fast return, you want the high open and you 832 00:47:37,720 --> 00:47:40,240 just sell. But if you want the token to 833 00:47:40,240 --> 00:47:44,600 have any legs, you would prefer a a lower open. 834 00:47:45,640 --> 00:47:48,480 But you kind of get in at a decent price and then just rally 835 00:47:48,480 --> 00:47:50,400 around this because no one's rallying around this if the pre 836 00:47:50,400 --> 00:47:53,440 sellers are dumping at A10 or 20X out of the gate. 837 00:47:54,480 --> 00:47:57,800 And how is it? Are they locked in any way or 838 00:47:57,800 --> 00:48:00,160 does anyone just get it unlocked straight straight away? 839 00:48:00,520 --> 00:48:02,000 There's. No info. 840 00:48:03,520 --> 00:48:06,240 I would assume it that people get it all. 841 00:48:06,240 --> 00:48:09,520 It's because they're reminder they're refunding 80%. 842 00:48:09,520 --> 00:48:12,800 So they raised 40 million, they're giving 80% of that back. 843 00:48:12,800 --> 00:48:14,640 So now they're only they only took 8 million. 844 00:48:15,520 --> 00:48:18,160 Yeah, I know. I, I mean, I just feel like 845 00:48:18,200 --> 00:48:22,040 they're maybe they're trying to what's best for the token, maybe 846 00:48:22,040 --> 00:48:25,320 because also like a bunch of insiders essentially are also 847 00:48:25,320 --> 00:48:26,760 getting it right. Like everyone who's in the 848 00:48:26,760 --> 00:48:30,640 mainland gets some right. And yeah, I just don't know. 849 00:48:30,640 --> 00:48:33,680 That strikes me something that maybe should have locking, but I 850 00:48:33,680 --> 00:48:38,240 don't even know. We'll see. 851 00:48:38,240 --> 00:48:42,560 I mean, the meme land token is at 278 million, so there's also 852 00:48:42,720 --> 00:48:44,080 a oh. Right. 853 00:48:44,080 --> 00:48:50,280 OK, A. Baseline Comp OB will be on our 854 00:48:50,280 --> 00:48:54,160 show tomorrow as we we've got Sam Spratt joining us to talk 855 00:48:54,160 --> 00:48:56,080 about the Masquerade. Maybe we'll sneak in his 856 00:48:56,080 --> 00:48:59,880 thoughts on pain here. So excited to hear from that.