Yo-yo, yo what up, what up? Good morning, good morning GMGM
Friday, Friday Friday, Friday, Friday, Friday, February 7th Oh
yeah 2025 look at that another beautiful day to have a
beautiful day. I got my Co host in the house
Tyler with the bulls head Mendo with the shirt.
Good morning. How you guys doing today?
I'm doing amazing. How are you?
You like that shirt, huh? This one.
Yeah, it's like your favorite shirt.
I like it too. I like it.
Navy's good on you. I can't wear Navy.
Navy's looks really bad on me. Oh, really?
Yeah. Like that's why I don't have a
Navy suit. But I got to get one done.
Now I have no choice. You.
Don't have a Navy suit? No I actually have like 8
different suits tailored to me and not one Navy one because I
actually hate the color Navy. For me that is going to.
Get into American politics. So, well, well, you know, This
is why my tailor is coming over on Sunday.
Yeah, we're, we're we're getting some Navy suits done for the
boy. I'm thinking like peak lapel,
maybe some stripes. I'm not sure yet, you know.
The bullmark you left really for you did it that JLP move.
Now you're you're buying watches.
You're fucking getting a new suit.
Like the trenches were destroyed and faroque over here living his
best life. Yeah, dude, I'm about to start
tweeting like you didn't sell the top and on.
I'm just kidding. I'm not him.
Tyler, what's up, man? How you doing?
I'm good, it's the 1st morning seeing some green on the board
we've had this week. How can we not be?
It feels really good, until you zoom out really.
For the memes that is, you know, it's like, yeah, my bag's up
25%. You zoom out, it's up.
It's got like 3000% to go up to all time, right.
Anyways, it's good though. It's good.
You love to see that.
I want to see some retweets. I want to see some shares.
We're going to win a fucking Penguin today.
So I'm not putting punks again. I'm putting Penguins 5%
probabilities. Like I'm just going to like full
stack. Like just like Penguin wins to
see if we can, we can we can hit a Penguin because I think it's
tough to win a punk. So let's try and win at least a
pudgy because that's another at last though, 30 dollars $30,000
Sorry, in the pockets of a of a lucky listener.
Stay on the show market report as usual.
Then what we have we have Tyler's top 1000 again.
Looks like you have a lot to talk about this morning.
Then we have fucking OV pondering about Kanye West
potential coin circulating market cap.
This guy's you. You got to get him back on the
show, man, though he's he's bored.
He. Just deep down the rabbit hole,
that's the thing. You got to get him, bro.
You got to get we got bro. We got to get your ass back on
FOMO hour. You're bored.
He's so funny, right? I love OB pondering I'm gonna
sign on the stream yard link and then so we'll go through that a
real bit dude, box spin again. We'll get someone winning some
Lenny today. And last but not least, this
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get wrecked. Mandu.
Can you dig it? Yeah GM everyone so we also back
Bitcoin is back at 99 K we. Had 100K this morning.
Yeah, we had 100K, Solana is above 200, ETH is well ETH is
AT2750. So I don't know is that is that
the first time it's higher when bitcoins recrossed 100I?
I don't actually don't know. The other does this count as a
reclaim of 100 yet? Or does that like what's the
threshold right? Is it most?
Of those I think are on the way down.
We've been, we've been calling, we've been ticking them.
Yeah, it didn't really hit 100. Like it was like a, it's like a,
you know, like a, it was like a tap.
It was like a little like. Bounced hard on actually.
Look at that. It rejected 100 actually Mendo.
But yeah, we are lower, you know.
We are. Either way, we're a decent, more
decent spot than we have been. It is, it is.
I mean, this is what everyone's saying on the timeline, but it's
remarkable to see Bitcoin at 100K and the timeline in in
shambles. Salon is at 200.
Yeah, Ether's obviously down, but like those have been the two
main assets I think for people to cycle.
It's just been horrific in the in the trenches and we're seeing
a bit of a bounce. AI agents are backed up to 7
billion, the mean coin market cap.
I haven't looked at it today, Tyler, but I guess we've
probably added a couple, a few billion.
Not even bro, we added like 500 million.
Yeah, so. Oh. 1 billion.
So. So we're back.
We're back. Versus we're so back.
That's up 6%. It was a 6 1/2 yesterday when I
tweeted out again like Oh my, what the Hell's happened?
So we're up 10% roughly from from there 10.
I think it was even lower at some point.
It was probably. A little.
Oh yeah, no, it's fine. That's the other day when I was
like, what the fuck? Yeah.
It's like a billion plus, Yeah. So, and I think people are
thinking, you know, Farcorn is the one that's bounced the most
here. Taiki through Bring up Taiki's
YouTube page. Yes.
Yeah, we should. I mean, to be honest, and I
really like, I really like that guy.
I think he's a really good, like he's a, he's a good person,
right? Like he's a positive human.
But it would be really funny if, if Farquine ran it back here.
I would feel really bad for him, though.
All right, here it is. Just to most recent.
Go to his video Videos latest There you go.
So it's far coin will go parabolic far strategy bull
case. Far coin is about to 10 round
tripping my far coin and he sold.
He sold. Over half.
Of his bag over the weekend when?
We oh, he still has some then he didn't fully out.
He didn't, if you listen to it, he he, he doesn't say how much,
but he still, he says he has some, but he says he yeah, that
was his, that was his stop loss essentially.
He got in it seems like around 200 ish, which is when I was
first looking at it as well. So he's obviously made money on
the trade, but but it was 80% of his portfolio.
He said so and I think obviously he was up a lot more.
So he's he's kind of pretty annoyed it seems.
I don't know if he bought it on the way up.
I think he probably did Guessing.
Yeah. He was 80%.
He had 80% of his port in far coin to be fair, which is what
he said on this show on his on his podcast as soon as he opened
it. Like that's, that's a lot.
Well, he also meant his entire personality.
Like, I'm not saying it was a bad trade.
Like, of course, like that's too much, right?
Like anyone would agree with that?
Yeah. But no one forced you to make
this your entire personality. I I think it's a bad move
personally. Just me, just to have all these
videos where you say it's it's the trade of the year and then
to sell the bottom. Never, ever make a corner.
Person Murad would never. Murad would never.
He's not Murad though, right? There's no, I don't think.
But in the sense that he made a specific token, his personality
kind of is right. Yeah.
He's like the Marauder far coin, maybe.
Look, I don't know, trying to defend Defender, I do.
Yeah, I get you. So I like him and I speak to him
quite a lot. But I do think that that was
he's just like set himself up for forget abuse.
I mean we. Because if he sells the top then
he's just like an asshole pump and dumper, right?
So like. That's the dilemma of making a
coin your personality right, Like this is, for example, why
thread guy never sold his goat and now he's like fuck, and he
saw take his videos like, wait, does that mean I can sell my
goat? Yeah, dude, dude, listen to my
stream with red guy the other day.
Mendo. Yeah, and he was like, did Mendo
sell his goat? And I'm like, I don't I don't
know, don't put me in the hot seat.
He's like then Mendo leave me hanging with gold.
I'm like, I I don't know about Mendo's bags.
Low key. I do, well, not really all all
of them, but I know he's heavy. GLP and Ray.
Yeah, I still have some, but obviously I can't hold something
down. I know, I know.
I can't blame you. And he was like, did Mando?
Did Mando's tell without talking?
Like dude, I fucking you can listen to the show everyday.
Mando literally gives his fucking breakdown every morning
on the show. Oh my.
That's pretty clear when I did that move, which was after.
You did. On any a coin and I moved
everything too. To be fair, you pretty much give
people your bags every day on the show.
So. So you're pretty transparent.
But yeah, so back to this point, never make a coin your
personality in crypto if you have an audience, because it's
bound to go down. Oh, this is Bitcoin, man.
You're fine. You don't worry about it.
You can make Bitcoin your personality.
But right, it's a tough one. Well, I think more more of a
just going back to it. Like I think it feels as though
fart coin looks the strongest weirdly now, although it's
actually just back down to 520 now.
I don't know, like I I said this to you for like there are
rumours. Obviously Kanye West is having a
meltdown at the moment on timeline, but there are rumours
that he might issue a well. He tweeted it out himself, like
something about a token. If he issues a coin, I don't
know what happens to those coins.
Do you know what I mean? Like it's decimated on the
right. What's going to happen?
I was getting bullish on them today and I was like, oh, maybe
I should buy some mean for what we're talking about.
It's like, but it's so tough because that happens like.
I wanted to buy meme coins until the CUNY thing and I'm like what
Like it's Shabbat tonight, he's going to drop a token.
He's going to decimate everything again.
Like people don't care about his anti-Semitic remarks and
everything. Like let's be honest, like
people in the trenches will still buy them the the top one,
right? I think they do I I, as I said
to you before, I think that coin is something you want to own
very low down. But if he continues with what
he's talking like that coin is going to get decimated, I
reckon. But I also think estimated on
celebrity coins. Like we obviously had the Hulk
tourist thing yesterday And and then everyone's just saying
like, I'm not going to buy another celebrity one.
Even Trump, right, Trump, Trump is going down from 75 all the
way down to what? Look at Trump. 1750.
Right. So like it's not like it you
want to own on that first wake up.
And I, I feel like right now I don't know how big time his
first wake will be. Oh wow, all these trades are
done like it's you guys noticed. I don't know something to say,
but like it's all the same patterns on every coin that has
launched last two weeks. Every single coin has one wake
up people FOMO second wake up, dump it when it gets a little
crazy, and then it just goes straight down like this.
This exact pattern is the same. I could pull up every coin
launched in the last 14 days and they all look the same.
It's like very interesting to see.
And that's why I keep saying like sometimes the trade is
missed. And that's how I feel about a
lot of these coins. I think the best trades are from
corns that are not launched yet. What do you think, Tyler?
I know you had something to say about what Mendo's talking
about. I don't know, like I feel less
concerned about Kanye coin than I would have a couple weeks ago.
I feel like we're clearly in the like descending roller coaster
loops and like people now know like the upside is capped.
Like if you get it, like if you get in on a Kanye coin at 100
million, it's probably a good buy.
But like look at that in neuron coin that that was an in neuron
coin. That wasn't even a Kanye coin.
It was at 600 million in 10 minutes. 20 minutes, that's
what's going. To happen.
If Kanye goes to a billion in 10 minutes, are you buying it at a
billion? My dumb ass.
I'm kidding. No, I wouldn't buy it at a
billion. It depends.
It depends what it is. If it's a heel pump font, no.
If it's a properly launched token that like Trump's was in a
pump. Fun, right?
Maybe smaller size, but no. Technically no.
No like. Like I'm not, I'm not selling my
bags to chase a Kanye coin in. A bill?
No, no, definitely not. What's the upside there?
Maybe A2 to 3X and you have 90% downside.
That's what I, I, I, we were talking about quite a lot of the
chat. Have you just done this as well?
Like on a day that he's releasing an album and like, Oh
yeah, maybe this is like a redemption arc sort of thing,
but it's it's not really like. I mean, he's literally tweeting
that he hates Jews at the same time.
So it really doesn't help the IT really doesn't help the case.
What's one tweet? Just OK, yeah, don't problem
learn this. Yeah.
Like so I think, but I do think the bags will still get crushed.
But I do think I, I genuinely think that.
So that's what you do, right? You stabled up ahead of a coin
like like that, you know, is launching.
It's you're supposed to play chess, right?
So you, you, you keep some money on the side.
He drops his coin, you buy the dump on the coins that you like.
Is that a better move? I think that's what people will
do. Like they might not even buy his
coin, but they might be like they expect other people too so
they'll sell their coin. Every zoomer on in the planet
will buy the kind of coin. No, I'm not sure even look at
the comments under Obie's, Obie's post, right?
Like, I don't think this is. I think you're probably under
estimating that. Like this is quite.
AII genuinely think that we are surrounded by, I can't use the
hard word, by redacted people. Yeah, no, we live, we live in an
asylum like we operate in an asylum.
Like I think people will put put all morals aside when it comes
to token. Like genuinely think that.
So Trump's coin right now, current market cap is 3 1/2
billion. Yes, but.
It's not passing that you your best, your best take this week,
Mando was this was that we are forgetting the ceiling on these
meme coins now in Solana because Trump was 70 billion.
And so the ceiling was 70 billion for a hot 2nd 30 billion
for quite a while. Actually, we are forgetting that
the ceiling is way lower now for meme corns on soul.
So I think that was and even on ETH, Pepe is down 75% from the
highest. So that was like a really good
take. I think like people are just
underestimating, overestimating meme corns now, yeah.
I kind of think that's that's that's kind of one of my main
takeaways even now, like even buying Falkland, if it does a 2X
right, it would with is at 7:50. So it would like comfortably
flip with and it would probably go it would go into third place
just behind Bonk. So like the the road to a
billion, this is not really the road and you can see it from the
trend. Well like the 10 million is the
new 100I rarely see new coins running at the moment.
There's nothing running. What do you guys think that is?
I mean, Tyler, you spend quite a bit of time in the trenches.
Like what? You know, you're trading daily.
Like what? Do you just total reset
capitulation over the weekend? Yeah.
I think it it makes sense to kind of pull up that chart I
sent just to talk about kind of yeah.
Let's talk about it. But in the trenches, I think
people are out. Like I'm not even looking like
if you sent me, it's like going to be a total banger.
And you maybe like you have a real thesis behind it.
Maybe I'll, I'll get the Ledger out, but like I'm not even
looking, not even spending time thinking about it right now and,
and it feels like that's kind of everyone's mindset.
I was actually shocked by the number of coins still launching
on pump. So clearly there are syndicates
who are still launching hundreds of coins per day because.
The numbers. Down that much, but like nothing
is wrong. Like if you look at the Solana
board like there are no new coins.
But anyway, so I, I saw this tweet yesterday and it was kind
of enlightening for me. And I'm wrong a lot, right?
But I kind of had this like the light bulb went off that I think
we're in the anger phase of this meme coin and AI cycle.
I think we have to separate where Bitcoin and majors are
from where some of the local meadows are this local AI and
meme meta. I think we just totally speed
run this and we're at anger. I think we had capitulation this
past Saturday. We saw a capitulation rebound
Monday, Tuesday and then everything went lower and like
every chart looks basically exactly like this.
It's true. And new lows and we're now we're
starting to see the rebound. But like AI16, ZS up 40% today,
part coins up 20% now. So what were you were here,
Paul? Then we're probably going to
bleed again, like the next time Bitcoin revisits range lows,
right? It's just a matter of time.
It's like for me, like, OK, how long are we in anger disbelief
until the next wave runs? And I'm not saying this that all
of our coins are going to be shaped back up because like that
that's definitely not the case. I think some will and then like
the new meta will come in. But I don't know is this was
this wild? We were talking this yesterday,
man. I'm just like it was shocking
how fast this all happened and like we really speed run.
Euphoria was Trump Friday, Sunday.
Monday was euphoria. That was complete euphoria like
pre inauguration day. We got complacency that week and
then in 10 days. Damn this is true.
Fuck I'm matching it to my emotions.
But just meme coins not majors right?
You're talking just meme coins. Just the record here.
This. Wow this.
You're running me back through this actually makes like I'm
running back how I felt myself emotionally.
I was euphoric on Trump, complacent the week of the
inauguration. Even if you look at my tweets
like, ah, it's getting inaugurated.
No, no, no, no. But personally, like I, I, I
can't skip this part thanks to JLP.
But if I was in memes, I'd definitely be going through this
period and I'd be fucking angry today.
So thankfully I saved like I guess we it's kind of saved
here, but this makes sense. There's a lot of anger on
timeline right now. Like usually when you see a lot
of people blaming people, like I know that the whole blame for
oak thing Antonio was a joke, but like it's real.
And so this time it was like Frank and and those guys like
they're getting decimated on the time.
I was like there's a lot of anger like, but it's like a it's
more than anger. Like when it gets aggressive,
guys, is when you know and it's getting a little aggressive.
The pitchforks are out. Yeah, they're really out for
Mirage. Mirad, Frank.
TG banks people would like hang Murat in the in the public
square right now. If they could that that's that's
the I'm I'm I'm that's that's my reading.
I would, I like Murat and like, I, I would offend them.
Like I actually think if you look at his numbers.
He's good. Paul's all those coins.
Are right? Hey pop cat got spot Coinbase?
I mean it's not looking good but it got it got it's listed spot
on Coinbase. He's got 3 coins on Coinbase
now. No SPX.
Is this based on Coinbase? Anyways, people are angry.
I think that match is. Oh God fuck even Coinbase can't
save a coin now. Like it's crazy.
Like look at the Coinbase pump, didn't even see it.
Wow, look at this. Yeah, it's wild.
It's wild out there. I I agree with you.
It does feel like anger on the time.
And I I thought that yesterday I thought that a lot of the
weekend and I thought it a lot. And then yesterday, obviously
with the whole. Hop to a podcast as well, OK.
It just feels like. That's funny.
Let's go see that. There's there's easy ammo at the
moment. That was hilarious.
Good vibe memes, you know I earned to being a meme account
that is. I would say that at the Pookie
one like Pookie has three, Pookie ones has $300.00 back.
Did you see that segment in the podcast?
Like Pookie, you guys know what I'm talking about.
I watched the podcast. I didn't watch the podcast, it's
a viral clip. Oh, really?
OK. So Pookie is her boyfriend.
And then she was like and then bags goes like how's Pookie
doing? And then and then goes she goes
well Pookie lost money. Pookie wants her $300.00 back.
I quite like that. It was so funny, bro.
Oh my God. Yeah, yeah, yeah.
It's, it's getting aggressed. It's it's giving me like early
2022. Let's like find Faro can like
kill his entire family vibes. Yeah.
And we went through that, by the way.
Pauli Pauli's wanted for. Yeah, but we we have to hold on,
Hold on. We have to talk about this.
I mean, the hold on that was like left field.
Like I totally forgot about like the whole like Polly thing.
And if you were around 2021, you remember the whole like for old
Polly stuff. But I marked the top on Polly
when I crashed out in Singapore. But so Polly apparently is a top
10 most wanted person in Puerto Rico.
This is real as well. Like there's a video.
This young darn guy posted it. There's a full video around it.
Yeah, there's a video like. Where they like say his name and
there's like a full description of what he did.
Jeremy Kahen. Kahen.
He is literally wanted in Puerto Rico guys.
Top ten beat someone, apparently.
I thought the last thing we heard from Paulie was him
getting beaten up. But then he did get like Jacks,
I thought, or something out of that.
It, it appears like he assaulted someone.
Like apparently he smashed someone's head on the cement,
cement or something, like, I don't know, but apparently he
beat someone up. Were you around doing the whole
police stuff, Tyler? You were.
Oh yeah, I'm familiar. Like he was part of the reason
why I didn't get into the Pepe trade.
Yeah, that you and a lot of people actually.
I really didn't like him and it felt like it was kind of tied to
him. Yeah, at first, definitely there
was like there was definitely something going on at first.
So anyways, so so Paul is wanted in other news in Puerto Rico's.
I thought that was funny, but can we just talk about this
Gordon Garner quote tweet that I want to go to Tyler's but this
is like insane. Have you guys seen this?
Yeah, I like. That they dealt with the huge
brunt of it, right, with the lawsuit.
And folks may not remember that it cost them a lot.
Yeah. That was a whole thing.
Anyways, I thought that was funny.
Anyways, Tyler, let's go to. Your your Tyler.
Before we pivot, I think Stats Stats had something he wanted to
to come up and share about our conversation.
The legend. What's up, dudes?
I got nothing super, nothing super pressing.
Just the last time I was on the show I said Tyler Farooq.
I was talking to guys, I said I wonder if these AI coins can
have a rebound 'cause they're attention assets and I got DMS
talking about how mid curve. I are you here for victory lap?
I got DMS, I got DMS from people saying you're so mid curve I
just added more 'cause of your boomer ass takes.
It's true, you got dunk talk. They were fucking ruthless to
you. Yeah and it's not a victory lap,
it's it's not a big deal but people in my DM saying you
boomer and your mid curve takes. I just bought more of my chat
bots so. I I can't even question this
this maybe next time like someone comes on the show and
you guys hate on him, it's time to sell everything because I do
remember the takes on the timeline of people decimating
you. Like they were tagging us like
fuck this guy. Stupid boomer doesn't know what
he's talking about and everything dumped like 80% after
that. So usually that's a good thing.
While we're on the top in this good tiles topics, I do want to
clear something out because yesterday.
Shout out to block news, though give vlognews.com a big shout
out here because they've been clipping our our show a lot
since a couple of days. They've been doing a lot of
threat guy clips, JK, everything.
So shout out to them for actually clipping boomer clips
from the show, because you know, once you pass 30 years old,
like, you're a boomer, right? And so, oh.
Isn't it? This is like.
We are a boomer show. This is the LA.
Cabal if it was if it was 10 years, so the.
DCA pod is like geriatric work. We're like like growl pal, DCA
pod geriatric like let's take you to bed and grandpa right.
But but and by the way, they're incredible shows, incredible
podcast. I don't listen, but I don't
think you guys get good insight. And then and then us, we're like
what, like what? What would be our cabal name?
Like what's LA vape cabal? What will we be, Manda?
Like what's like our shit? JLP Maxis, you know the.
JLP the Jew JLP. But we have to find different
like words for all of them. Like, you know, let's find grog.
Like find US good words to fit the JLP acronym.
Big A Hell, let's put it that way.
Acronym Yeah, The Jolly Little Penguin Jazz Love piece, Jungle
Leave party, Juicy Lemon Pie, Java Learning Program.
And pie. Jump start Literacy project.
Jellyfish love parade, you know. Anyways, the code today for
Robit is Boomer. So rafflebot dot XYZ, rafflebot
dot XYZ, the code is Boomer. If you want to win a pudgy
Penguin. I just said the Penguins a 5%
chance to win per Penguin. So you're probably going to win
a Penguin today. I mean, it would be nice.
And with that, Tyler, let's see what you got for us.
Top headline today, we'll give it to Trump media.
We, we broke the story yesterday, but now we got the
official news Made in America ETFs, Bitcoin plus ETFs, they
filed for them. Those are coming.
We had the SEC acknowledge an amendment to the Solana ETF.
It looks like the Solana ETF is coming.
Several spot XRP ripple ETF applications filed yesterday.
Those are coming as well. We saw US congressman introduce
the NFT act to designate some NFTS as non securities.
So NFTS catching some love. We had Iowa introduce a Bitcoin
strategic reserve bill. Utah passed its own bill in the
house now, so Utah is pushing along.
I think over 1/3 of the United States now have bills for
Bitcoin strategic reserves. So it's really adding up.
We saw a stable coin supply hit a new all time high yesterday
and then Ethereum gas fees fell below one way, the sign of a
Unchained activity. Dipping a bit in tokens,
protocols and AirDrop news. Bear chain launched its token in
mainnet Beara briefly ran to 14 back at 775 here after one full
day of trading. Story protocol introduced its IP
token and tokenomics for its peer-to-peer IPL one this
morning. Phantom launched multi currency
support, also flipped Ethereum 24 hour revenue.
So big day for Phantom and AI. There's actually quite a bit.
The market's up a touch, but the teams are all cooking virtuals.
The Virtuals team met with the XAI team and XHQ to talk about
AI and crypto. We had ARC introduced their new
rig on Chain kit to help anyone create their own AI on Chain
Copilot. We had the Accelerate announced
partnership with Virtuals to incubate teams.
The virtual team is going to give them 50K grants to the
select teams. Those teams will give tokens
back to the Accelerate Dow avalanche.
This Go go kite AI team launched the first AI focused L1 powered
by proof of attributed intelligence.
The the the new POAI model abstract integrated pop hat.
So abstracts getting deeper near protocol introduced a $20
million AI agent fund. And yeah, so those are the major
headlines there. Quite, quite a bit.
Actually, there is quite a bit. Let's start with the AI stuff
since we're on it. We got a little bit of founder
beef too on a couple posts here. Looks like, Looks like the
Griffin founders wants to come on.
We were meant to have the Arc founders on too.
I know that Griffin found out some words under your tweet
saying that they've been doing it.
So why don't we, why don't we talk about the Arcs?
Just quickly though, because I, I forgot to finish my point
earlier, There was a 14 second clip that was posted of me
yesterday seeming like dunking on the whole thing, saying that
nothing has utility. What I was saying is it's not
that nothing has utilities, that we're not using the tools.
So therefore they lost their memetic values and now we're
looking at the face value of them from utility and we're
like, it's not worth half a billion dollars.
That's what I'm trying to say. That doesn't mean that if you're
building something, yeah, it's worthless, but it means that
maybe, just maybe it's not worth half a billion dollars.
That's all I was trying to say. And so there was a lot of angry
people saying Farouq hasn't used my tool, therefore he's not
looking at it and he's not paid to look at it.
I was never paid to talk about any of the AI shit, by the way.
And I still only bought Far Coin for one reason, because it heart
air rises and I find it funny, but I just want people to know.
And also, just because you have a tool, it doesn't mean it's
worth $100 million. Take it from someone building a
company where we're still having trouble with valuations, with
everything that we actually own and generating actual millions
of dollars of revenue. So I think it was Miss, Miss
Mistaken in that sense with that block news shot to you again,
Tyler, take us through the ARC news.
Yeah, some pretty big news. Out out of Arc yesterday they
announced the Rig on Chain kit. It is a tool kit to enable AI
agent on chain actions on Solana plus EVN.
So they are going multi chain. The kicker here is they are
enabled via chat bots. So they've effectively paired an
LLM with their tool kit. You can do things like balance
checks, swaps, transfers, contract calls all via natural
language commands. So for example, you can tell a
salon an agent built with his kit to swap one sold a fart coin
and then you'll be able to watch it walk through the processing
steps of going to Jupiter, doing the actual swap, signing the the
the message in the wallet and you'll be able to see it all.
Do that to get a little bit more of a feel, perhaps trust for the
agent actually executing the task.
Again, multi chain sports Privy and there's it enables tool
macros to be built on top of it. That's just a surface view.
I definitely want to get deeper into it.
If we can get Tashi on our show. Tashi is Co founder of Ark.
It feels like a a big headline. I think people in my comments
said that Griffane has already had this.
I thought Griffane was just a tool in itself.
This news to me felt like this is enabling anyone to kind of go
build this, this this series of of copilots.
So they could all be be different.
Maybe I'm naive. I'm naive about a lot of things.
I'm wrong about a lot of things. Like this is the kind of
development that I feel like is a big deal, right?
And like, and you can say that reply guy AI agent chat bots are
slop. And I would agree with you.
Those are a dime a dozen. This doesn't look like slop.
Though but like. Tech that will enable us to
like, if you think AI is the future and we'll be using AI
tools. Like you have to think this is.
Where we are going to get right, I think the big issue to
overcome right now is trust. Like I don't in this infancy
stage, I don't trust an AI agent to swap soul for part coin for
me. Yeah, but.
Probably be there. I don't know if it's three
months, six months, nine months, 12 months.
I mean, you're going to have assistance.
For everything, right? Yeah.
Well, Sam, actually I'd love to take on this like you are an AI
power user. You said you you chat with
ChatGPT more then you do a lot of your friends.
Like I know, I know you're not doing you're not like deep in
the trenches, but like would you see yourself using a chat bot to
perform on chain actions for you?
I think it's just got. So established and trusted.
You know, it's like we, we get scammed so much.
People get scammed so much in this space.
The minute you get scammed, the entire timeline talks about how
stupid you are. You get no empathy.
So I think like, I just think like with products in this
space, you need so much validation before you want to
touch them. But yeah, I mean, if if it like
gets validation and it becomes kind of accepted in the space,
sure. I, I think one of the issues
though, is exactly what Faroque said is like, you know, I'm, I'm
originally from finance and then I was in Silicon Valley for
eight years. Like the, the amount of kind of
proof of concept you need to get like a $500 million valuation is
so much like these numbers are so high that the minute you
start trying to anchor, like, whereas in crypto things pump to
500 million, a billion because of the dream, because of the
FOMO, because of like the narrative.
But the minute you start anchoring that in real world
products, I think it actually gets a lot harder because real
world products have problems. Real world products can't, you
know, take a long time to validate.
Real world products often don't make money.
Like there's so many issues with real world products that like in
crypto, like the dream, the vision.
I always use the Clonex example, like you were kind of OK, like
paying. That's a good example.
For an NFT. The minute they start sending
you shoes, you're like, wait a second, like I just bought shoes
for 250 bucks. Like why do I need a $60,000 NFT
for this, you know? And the whole thing starts
coming undone. You know, I almost feel like,
like crypto products almost do better if they just stay within
the imagination. Well, that's a meme.
That's true. Right, like everything does well
until the product is actually fucking launched.
Like there's a part of me sometimes I wishes we never
launched Miri. I should have dropped the
fucking token running up to a billion dollars.
Never launched production market.
I'm just kidding, of course, because I actually value product
over over that and that and that goes to the conversation that
Kobe was having yesterday with bankless guy Hoffman saying
every single AirDrop gets hated on.
And Kobe was like, no, maybe just focus on launching an
actual fucking product, like proper product and then that
people use and love and then drop the token and people are
going to appreciate the token, man.
What do you think about all this?
What about the AirDrop? Matter the AirDrop meta.
But also like everything we're talking about regarding like,
you know, product launches, valuations, all that good stuff,
I do think. We're we're now moving closer to
the world where you utility might not be a like that bad a
word. Just because I think you can
have regulation in the US, you can have more, I don't know,
equity like tokens. I think at least under clearer
regulation, whether they're securities or not, you're going
to get clearer regulation about what people can and can't do.
So there are you can create like a web three business where some
of the revenue goes back to the token.
And I think that was kind of the aim for some of the successful
coins right now, like which ones I've been mentioning in Defy
Hyper Liquid. Like is is hyper Liquid a
utility coin? Yeah, I think, I think it is.
And it and it's working. And so is radium.
So is Jupiter, we just said. And that that that could extend
into AI for sure. And other things I do think it
probably makes sense to. Yeah.
To lead with the product a bit more, Yeah, most get people
using. It and then, you know, I don't
know, it feels like yeah. Sorry, go ahead.
Sorry. It's just that some of.
The most successful projects in crypto haven't released tokens
yet, right? And maybe they never will, but
like, there's something to be said about that.
POM phone doesn't have a token yet.
Or you may never have one. Photon doesn't have a.
Token but like Photon doesn't have.
Phantom Phantom itself, the wall, which is arguably the most
successful product. These are all some of.
Ted, see. Heather has a token.
But good. Point, though.
That's a good point, Heather. That doesn't have a token other
than USDT, but it doesn't have like some revenue like the the
most, the biggest. If you go down the list of the
the highest revenue generating protocols in crypto, Polymarket
doesn't have a token. Only 50% of them have tokens.
And. Most of the L ones.
Yeah, I think you got to get. People actually using the thing
because then it will make them want to use the product anyway.
Speaking of that, people have been using Vera Chain for a long
time. Tyler, how's that going?
It's it's an interesting. Launch came out, did very well
early on shots of 14. I think what the issue was there
were some delays and people being able to like bridge their
NFTS to bear chain. So if you wanted to 6.9% of the
AirDrop went to the Barra NFTS. And also shout out like I think
rug radio shared the stat. I don't know who who found it
originally. The Bear Chain OGNFT became the
most successful NFT of all time. From from point O69. 8 to
$2,000,000 Yeah, yeah, yeah. It was legendary.
Hold on, let me. Yeah, he quoted Legendary.
Where is it? There you go.
That's a pretty incredible. Accomplishment so that they
definitely pulled off a pretty incredible Ponzi there with the
with the NFTS. There was some Fuds circulating
yesterday and grant ticket, some of it with a grain of salt from
the people it was coming from that effectively the the locked
tokens were able to be staked. And the way some of the staking
mechanisms work, like you can earn tokens that you could
effectively swap and sell so that perhaps from the locked
tokens actually could be sold. I don't have the full details
there, but that was I think something that hurt some of the
price action early on. I think the one of the founders
kind of came out and explained it.
That put in a temporary bottom at 7.
It bounced about 10 to 20% off of that.
I saw CBB went long like 500 K at the bottom.
So, so clearly he knew that was coming.
So that so that was a good trade.
Now I think it's just a question of who is, are they going to be
able to track users? It's like who is going to bear a
chain? What are they going to do there?
I think that's a pretty big question.
I think that's a huge, that's the question that every L2,
every L1 has to answer, right? Because the market would be,
this is not the the bear market by any means.
And like, I'm still trying to wrap my head around like, what
is there to do in Barra? Like to me, it's like a lot of
Defy. It's a lot of Defy games, which
isn't really my specialty in general.
Like I'm not. It's like we we've like NFTS and
meme coins don't really do well in these new chains for the most
part. Like they're not doing well on
like this is going to like it's impossible to do well on other
chains. I think it always rolls back to
soul. Man, like honestly, I think like
bear chain comes takes attention from soul, then goes to people
go back to Solana, then Monad will do that Maggie ETH will do
that, you name it. What does that?
I think the casino will always be sold.
I'm just curious again, I think you're right, D5 products maybe
like maybe it'll be like actual different products.
But what have you guys seen that I haven't done the research
enough yet. I need to do it.
But this is actually why bong bears are the first collection
to be more profitable than apes. If you minted the bong bear for
point O69 ETH, you receive 1 bond bear, 1-2 Boo bears, four
baby bears, 8 bands bears, and 16 bit bears.
Total worth is $2,000,000. Damn not.
Bad. Not bad.
Yeah. It's I, I, I'm actually curious
like you guys, man, did you see anything on Barrow or, or stats
that you guys that you guys are pretty involved in crypto or you
guys just been, we're pretty busy, all of us.
So it's tough, but honestly, I've been kind of shocked.
That bearer has has stayed as strong as it has after because
bearer to me I mean. It's an.
It's kind of. Just an like, it's a Cosmos
chain, right? It's not like a Cosmos chain.
Yeah, it. Didn't exactly do anything that.
Crazy here from the tech side. So to me it felt very similar to
like a blast. You know like the vibes are
really really good until the air drop and then and then it's got
incredible branding. Let.
Me put it that way right, But what I mean is like.
After the failure of those sort of styles of chains, I just
didn't I I've been surprised at how strong, strong it stayed.
But let's see. Like maybe it keeps it up.
Yeah, I think. It's I think it was a good
strategy. To launch the token originally
like 'cause the minute you start launching these products, people
start flooding it, you know, and you start having to deal with
data, you start having to make sure your numbers are high, you
start getting compared to they all that shit.
But if you launch a token when the dream's still real, like I,
I think like, and I think we're seeing a little bit of the
opposite with abstract where, you know, if if they had
launched the abstract token day of, I think there would have
been a lot more FOMO that goes into it.
And I worry that as people, you know, hopefully the product like
gains traction and that narrative gets gets sorted out.
But I think the way that Barrett did it was kind of interesting
for, for token holders. The thing is like to move money
to something new and get familiar with the new ecosystem.
It just takes so much like it's just a big barrier to entry.
Like it just, you got to, you got to feel like you know what
you're doing. You got to worry you're not
going to make a mistake. And it just for me at least,
like doing that on day one. I want to do it.
I added it to my wallet and stuff like that.
I just haven't taken the steps yet.
So that's kind of I, I would like to go in there and figure
out what it what it takes to actually interesting stuff
though. But.
This just goes to show you like. If you're a participant, there's
always somewhere to make money. Go ahead, Tyler.
I think that would be my message.
To someone launching a new L1L2 is how do you overcome the
barred entry? For those who haven't been
following your ecosystem, this is true.
Not be. Overwhelmed at the.
Start and actually I, I, I do like abstract.
It's kind of the opposite because it feels like there,
it's there's not maybe like 100 different things to do Like
they've got the, the key apps kind of highlighted up front.
But like I, I sent you a tweet of this bear chain ecosystem.
Yeah, on this page. And that's great.
Like it's a bustling ecosystem, but I look at that and go like,
Oh my God, I don't know where to start.
I'm going to be the ex liquidity to the sharps who've been
grinding this for two years. And I'm the fish in this
scenario. So I'm probably just going to
stay on the sidelines unless I get an overwhelming reason to to
dive in. And I think that's the problem
that everyone has to solve right now.
Yeah, this is there's. Like, I would love to have some.
Why don't we just have 1 Smokey on the show, Yeah?
Let's just have the founder on the show.
What? To do, yeah.
Honestly like. Let's just have the founder on
the show. I me like I only had positive
things to say Barbera when it came out the yesterday because
it's like, I want wins in the space.
Yeah, I like like, you know, like it's PVE.
We all are very PVE people. So it's like you want you want
dubs, you know, and you want you want that.
I would love to have Smokey on a eyebrow is tweeting like dude,
tag him, get him. I I would love I'll ask Soby.
I think soby is invested in Vera chain.
I I would actually love to have Smokey on the show, given that
it's like very topical. So if he wants to come on, would
love to have him on it. Anyways, Tyler, what else is
going on in this world of crypto?
Let's see, I mean. That was definitely a big one.
We got the tokenomics from the story protocol.
I think the big open question there is who all like they're
going to reward, Are they going to reach out to Kaido users?
They are right. I saw a tweet about.
That oh, is that confirmed? I don't know.
I saw a tweet. Up but I read it.
I was like scrolling my timeline so I saw something from Wally
saying Kaido eating again or some shit.
Kaido grind is real. Stats.
He's studying it. He's studying the model.
I'm like cooking, you guys, I. Ain't even trying, you're
cooking. Me, I've got bone to.
Pick with this algo it's hard. It's.
Getting harder and harder. To to run up this this
leaderboard I think people are reading too much into.
It I saw this. So there's a new thing, guys.
Amanda, you're going to love this one.
So it's not 33. It's reply, reply.
Yeah. So Mull fuckers are starting
group chats to reply to. You know when I used to do this
15 years ago, we had Telegram groups on Instagram and they
were called shout for shouts and we used to like I shout you out,
you shout me out on my Instagram page and we grow and to me this
will always make me laugh guys because the.
The social media. Game never changed like the
grind 15 years later and I'm probably you can check backtrack
like my my past and social media.
I was like 14 years old. I was doing shit like it was
always the same thing on Tumblr, actually from Tumblr.
We used to do like reblog for reblog like you know what I
mean? And now you have my fucking
thing. Yeah, for yeah.
Like it just makes you laugh. Like the game never changes,
man, and the game will always stay the same.
Or in my 15 years doing this, I have remained somewhat relevant
in my entire life or had a business and I've seen 99% like
meme coins evaporate because they try too hard thing the
secrets. Just having good original
content like OS4 here. Like you know, we participate in
the whole yapping team for fun. But like, you know Tyler is the
news guy, right? He's got his news.
He breaks shit down for people to understand, like stats.
He's got a statistics and everything.
Like he's the guy you want to go to if you want to know how much
a blast goes is going to be worth.
And then you got and then you got of course, like you're being
part of me, Manico, like you're kind of the guy there.
And then Mando, he's got his minutes.
He's got like he's got a good takes on the market and stuff.
And me just I just, I'm just me. And so I think just like by by
being yourself, probably as a creator, like the easiest way to
go about it, right? I think that's the key.
It's like having. Distribution in the space is so
valuable. It's so powerful.
It is. And.
And people, the minute you start looking like someone who is
trying to use that distribution for your own gain, you know, you
start to lose people and then you're giving up your long term
asset for short term gain. And I think that's never a good
strategy. Like yesterday I did post about
I I went on to Yaps or I went on to Kaido and I saw that Cyrus
was in like 15th place and he had only posted once exactly So
I will. Tweet that I'll.
Be like, and that is probably a yap friendly thing to tweet
about because they do seem to like that.
But the reason I tweeted it is because I was actually in my
head like what the fuck? How does this guy have top 20
with just one post? And that's interesting for my
followers. So I will tweet that even though
it it's a little yap friendly because I actually think that is
an interesting thing for my followers to know about.
You're #8 right now, dude. Let's go.
But the minute you start. Saying things like, how does
yaps work? Like, can you yap?
Like I think you just start losing people, you start
sacrificing like kind of your most important thing, which is
the trust of your audience. You got to speak from the hip.
You know the other. Day I was saying I'm tired of
tweeting and entirely bro I played you bang.
I got 100,000 views on a tweet. Let's go.
Played. You.
Don't worry, I'm I'm holding my. Brian Johnson interview back for
Monday for you guys for my fantasy holders play for Oak.
Next week in fantasy. I'm not worried about fantasy
for sure. Dude I'm like for some reason I
like at 8:00 AM on Mondays I just start tweeting a lot
because I'm like my my card holders believe in me.
I want to help the believers. Even though I get no financial
benefit I still do want to look out for them.
But I can only do it for like 4 hours then yesterday's show
winner makes. A good point here saying that's
exactly why we'll have it all all season.
Human greed is also not changing.
Let's talk about this for one second.
Mando, I'm going to hear you. Are we getting this alt season
or not? Because I've seen a very good
take. As long as human greed exists,
there would be an alt season. And I think it's a very good
take, I think, I think. You can't see what's happened
with Pump Fun and believe like we're going to get a broad based
alt season. I just think that's the main
thing that people are missing is like we have 10,000 coins a day
or like 5 thousands of coins a day.
It's just, it's so, so difficult to be like, oh, Bitcoin
dominance is going to go down. Bitcoin dominance is really
just, it's really just a ETH versus Bitcoin and maybe XRP
thing at the moment. Like I think we couldn't, we can
very easily see AI coins go up higher.
But is that an altcoin season by what a lot of people would call
that? I don't know.
I'm, I'm never taking another view that Bitcoin dominance is
going to go down. Now I think that AI coins can
bounce a decent amount. I think it's probably got one of
the best bets or best stories in altcoins still.
I don't know why, apart from maybe some of these like revenue
producing D5 coins and then meme coins as well.
Like I do think some of them will come back.
But generally when I've seen stuff like this happen like a
big frothy bit of the market comes down, everyone gets
wrecked. It does take a little bit of
time, like it takes think about NFTS, right, Like the January,
if this is like you compare this to May 2021, you need a little
bit of like healing time and the stuff that might run might not
be the stuff that was the previous runner.
Yeah. Like greed never goes away, but.
Fear never goes away too, you know, And it, it's like people
don't want to lose their own money.
And I think that there is a cycle here where if your most
recent memories, like people's memories of NFTS still are of
losing money, like, so it becomes very hard for things to
pump. And if people's most recent
memory of, of meme coins is losing money, like, yeah, it's,
this is just like the nature of cycles, you know?
And then we get a lull and then suddenly portal goes to 500
million. Everyone's like, holy shit, it's
back and you know, and you get a a year of people wanting to to
pile in or virtuals goes to 3 billion in in three months and
everyone says, holy shit, like I need to get on the next one.
I can't miss that. So like the the casino's going
nowhere. We know that.
But I think like we are in a period right now where people's
most recent memories are of pain, not of gain, you know?
And I think like it. Like, that's really the driver.
Pain coded. Pain coded.
Meme land man. Where's our pain tokens?
I mean the you. Know the team's advising those
guys and they're they're working hard in the background.
Man, I can't even get a hold of my own team because people are
so busy trying to advise those guys figure out how to get this
thing done right, you know, and I think I think like that.
That's what I will say about about the team.
The team wants to do stuff right, like, and you want to
figure out how the coin does well, how you don't get a bunch
of it's not going to be a weekend.
Surprise token, right? I mean there.
Are all sorts of questions, but I think like when when we talk
to the people who've kind of been behind the scenes here, it
feels like snipers, like there's a whole industry of snipers.
Oh yeah. If you look at what happened to
Haktua, like we don't even know who dumped.
Like it could have been snipers who like there's an industry of
people who are not on the inside who are figuring out how do you
find that exact first block by and then pump it all the way up
the curve and then dump. And it happened with Enron as
well. And it gets immediately pinned
on the insiders, but you also have this external industry that
is like making millions of dollars doing this dumping.
And then everyone blames the insiders, but it's actually the
snipers. So I think like so much of the
key here and what happened like with Enron is you had, I mean, I
don't know anything about Enron, but I know that it got massively
sniped in the beginning on that first block run up to 700
million. They dumped massively, it dumped
70% and then it's kind of game over, you know, and it may not
even been the team. And everyone says the team
scammer. So it it's a dangerous space
where you got to figure out how to get that right.
So the team's like really working on that right now.
Yeah. Love to, love to.
Hear it, Listen, it's 1058. I think we've gone around the
block. Unless I miss something.