1 00:00:00,120 --> 00:00:01,680 Oh, yo-yo, what up? What up? 2 00:00:01,760 --> 00:00:06,360 Good morning. Good morning, GMG. 3 00:00:11,680 --> 00:00:13,160 Oh, I know what day it is. My favorite day of the week. 4 00:00:13,360 --> 00:00:16,040 Thursday. I love Thursdays. 5 00:00:16,480 --> 00:00:17,840 Always my favorite day of the week. 6 00:00:18,440 --> 00:00:21,520 Thursday, Thursday. Thursday, May 30th. 7 00:00:21,520 --> 00:00:23,160 This is last day. Oh, no, no, there's 30th. 8 00:00:23,160 --> 00:00:24,160 One day is in May. All right. 9 00:00:24,160 --> 00:00:35,840 Thursday May 30th 2020 I feel like Wolverine you know 4 442024 10 00:00:37,560 --> 00:00:40,600 look at that another beautiful day to have a beautiful day. 11 00:00:40,960 --> 00:00:43,640 I got my Co host in the house, Tyler Mando. 12 00:00:43,640 --> 00:00:47,600 How you guys doing today? I'm doing awesome man, how are 13 00:00:47,600 --> 00:00:50,600 you? I'm thriving, dude. 14 00:00:50,600 --> 00:00:53,840 My sleep score, my aura ring. See, I still have this thing two 15 00:00:53,840 --> 00:00:55,400 weeks in, Still there, still there. 16 00:00:55,800 --> 00:00:58,920 My readiness this morning is 85% dude, let's go. 17 00:00:58,920 --> 00:01:02,360 Woke up ready to go. My activity 87, my sleep was 18 00:01:02,400 --> 00:01:07,160 optimal 90%. Look at that 90%, Tyler. 19 00:01:09,320 --> 00:01:11,360 It's a big day. It's a big day and and the Tyler 20 00:01:11,360 --> 00:01:16,040 D household broke. My son is graduating from pre-K 21 00:01:16,040 --> 00:01:18,400 pre kindergarten. So he's got his little 22 00:01:18,400 --> 00:01:21,080 graduation ceremony tonight. So we've got we've got some. 23 00:01:22,320 --> 00:01:25,280 It's a big day. How old do you have to wait? 24 00:01:25,280 --> 00:01:27,520 pre-K is like four years old. Four. 25 00:01:27,880 --> 00:01:31,800 He's 4 turning 5 this summer. Yeah, exactly. 26 00:01:32,200 --> 00:01:34,040 Maybe I'll do that. Maybe I'll do the the 4th. 27 00:01:34,640 --> 00:01:38,000 Thing congratulations, Tyler and and and baby Tyler. 28 00:01:38,880 --> 00:01:41,400 I think that's awesome. That is really cool. 29 00:01:41,440 --> 00:01:43,400 Wow, four years old. Your kids like what, three and 30 00:01:43,400 --> 00:01:44,360 four, right? Or something like that? 31 00:01:44,960 --> 00:01:46,600 That's right. Three and four. 32 00:01:46,720 --> 00:01:49,080 Damn, that's young. That is young. 33 00:01:49,080 --> 00:01:51,160 Dude. I'm like all my friends are 34 00:01:51,160 --> 00:01:56,000 married or have kids. Dude, I am like, I have a lot of 35 00:01:56,000 --> 00:01:59,000 pressure on me right now. I have a lot of I'm like fucked 36 00:01:59,040 --> 00:02:01,040 right now. I was like, I, I get my 37 00:02:01,040 --> 00:02:03,160 girlfriend's giving me like death stare right now from under 38 00:02:03,160 --> 00:02:03,960 the stairs. I'm just kidding. 39 00:02:03,960 --> 00:02:07,760 She's not home. But I'm under a lot of pressure. 40 00:02:07,760 --> 00:02:09,560 I already, I already have a baby, OK? 41 00:02:09,560 --> 00:02:11,440 I mean, two of them actually with Ruggedo and the crib. 42 00:02:11,440 --> 00:02:14,760 So I also have children. One of them's three years old 43 00:02:15,440 --> 00:02:17,640 and one of them I, I adopted him. 44 00:02:18,400 --> 00:02:21,320 They're seven years old, you know, so seven and three. 45 00:02:21,320 --> 00:02:23,000 That's my kids. That's what I'm going to tell 46 00:02:23,000 --> 00:02:24,520 people now. You know, I got two, I got two 47 00:02:24,520 --> 00:02:27,320 kids. I got two kids anyway. 48 00:02:28,200 --> 00:02:31,520 Yeah, exactly, exactly, exactly. Anyway, tell the show today, 49 00:02:31,560 --> 00:02:33,760 today. So what do we got? 50 00:02:33,760 --> 00:02:36,040 What do we got? We got Bitcoin, crypto, macro as 51 00:02:36,040 --> 00:02:38,600 usual, daily market report. We'll talk about a bunch of 52 00:02:38,600 --> 00:02:44,120 stuff, you know, CME, no plans a tougher Solana futures, but 53 00:02:44,120 --> 00:02:46,040 there was some good news coming out of consensus for Solana 54 00:02:46,040 --> 00:02:47,480 yesterday. So you'll have to see that. 55 00:02:48,000 --> 00:02:50,320 The layer zero and the other stuff that we talked about on 56 00:02:50,320 --> 00:02:54,920 the show, PayPal, you have, I mean Gemini recovering $2.2 57 00:02:54,920 --> 00:02:57,320 billion for earned users. You'd love to see that. 58 00:02:58,200 --> 00:03:00,760 So those are good news. Even the Mount Cox thing we 59 00:03:00,760 --> 00:03:03,280 didn't talk about yesterday, but it shows that there's going to 60 00:03:03,280 --> 00:03:05,600 be like a payout coming very soon as well. 61 00:03:05,600 --> 00:03:08,560 So between this, that and FTX, it's got a lot of money going 62 00:03:08,560 --> 00:03:11,920 back in the hands of X and or present degenerates. 63 00:03:11,920 --> 00:03:16,040 So you'd love to see that for for sure, for sure. 64 00:03:16,560 --> 00:03:19,120 I mean, did you have PayPal launching crypto credentials 65 00:03:19,120 --> 00:03:21,480 pilot for for beat Bitcoin? You have a lot of stuff going 66 00:03:21,480 --> 00:03:22,320 on. We didn't talk about Ryan 67 00:03:22,320 --> 00:03:26,640 Salameh, but fuck em and and then yeah, say doing our job 68 00:03:26,640 --> 00:03:28,280 blah blah blah. All its memes and dreams. 69 00:03:28,280 --> 00:03:30,840 I mean the celebrity thingy continues. 70 00:03:30,840 --> 00:03:34,440 Seems slash seems to be coming to an end very fast the last 71 00:03:34,440 --> 00:03:36,800 three days. So we don't really have to talk 72 00:03:36,800 --> 00:03:38,160 about it too much. I know yesterday's show was 73 00:03:38,160 --> 00:03:41,080 heavy about it. I think we're kind of we're kind 74 00:03:41,080 --> 00:03:44,680 of over it this and that there was Pac-Man, PAC Moon, sorry, V2 75 00:03:44,680 --> 00:03:46,880 though, launched yesterday. Extremely impressive. 76 00:03:46,880 --> 00:03:48,760 So we should talk about that a little bit on the social fight 77 00:03:48,760 --> 00:03:51,280 side. I thought it was some very, very 78 00:03:51,280 --> 00:03:53,760 interesting integrations of of a few things. 79 00:03:53,920 --> 00:03:55,600 She really like it. I know, I know Tyler, you're a 80 00:03:55,600 --> 00:03:57,480 fan too. I know OV and the whole red 81 00:03:57,480 --> 00:04:00,240 guys, Mando, I mean, OV's literally leading the red guys 82 00:04:00,240 --> 00:04:02,040 to the top of the leaderboard on PAC Moon. 83 00:04:02,040 --> 00:04:04,040 There was a moment yesterday, I took a screenshot post. 84 00:04:04,040 --> 00:04:06,760 It was like 7 out of 10 people were like, oh, red guys. 85 00:04:07,720 --> 00:04:08,720 Yeah, absolutely love to see that. 86 00:04:08,720 --> 00:04:10,760 Shout out to Burn Dog. Burn Dog was number one for a 87 00:04:10,760 --> 00:04:13,720 whole one minute. So, so really happy for our boy 88 00:04:13,720 --> 00:04:15,840 here. Where's Bernie? 89 00:04:15,840 --> 00:04:17,360 He's usually listening right now. 90 00:04:17,360 --> 00:04:20,240 He's catching strays. And then, you know, runes. 91 00:04:20,440 --> 00:04:22,880 Runes, baby hot. You know, in case you didn't 92 00:04:22,880 --> 00:04:26,480 know, there's a rune right now that has a market cap of $670 93 00:04:26,480 --> 00:04:29,840 million. OK, that is like, right. 94 00:04:30,120 --> 00:04:31,400 Like, they're poppin man, though. 95 00:04:31,400 --> 00:04:33,880 You love to see that. My, I love that I've watched my 96 00:04:34,360 --> 00:04:40,280 pups AirDrop go from being worth a quarter million to 20 grand to 97 00:04:40,480 --> 00:04:44,080 760 K again. So it's like it's been like I 98 00:04:44,080 --> 00:04:45,840 and I'm holding I'm, I'm not touching anything. 99 00:04:45,840 --> 00:04:47,000 Actually, I don't even know how to sell it. 100 00:04:47,000 --> 00:04:48,200 So don't worry about it. But that's. 101 00:04:49,520 --> 00:04:51,680 A good thing. That's a good, it's a feature, 102 00:04:51,680 --> 00:04:54,280 not a bug. But anyways, it's it's been like 103 00:04:54,280 --> 00:04:56,480 the roller coaster, but I'd love to see that coming back. 104 00:04:56,480 --> 00:04:58,800 So would like to talk about NF, TS, ordinals and all that. 105 00:04:59,040 --> 00:05:01,600 And then of course, Tyler. Tyler, I'm sure has a top five 106 00:05:01,600 --> 00:05:03,680 for us and a lot of things to talk about. 107 00:05:04,120 --> 00:05:08,920 My last but not least, this show is presented by Moon Pay to buy 108 00:05:08,920 --> 00:05:11,720 and sell crypto with PayPal. Hell yeah, download the Moon Pay 109 00:05:11,720 --> 00:05:15,320 app and then fair side network on X fair side network wallet 110 00:05:15,320 --> 00:05:16,880 coverage for drains, scams and more. 111 00:05:16,880 --> 00:05:20,840 Honestly, now I get it. Now I understand why Moon Pay 112 00:05:21,200 --> 00:05:24,360 got us to be powered by them and PayPal for this month. 113 00:05:25,200 --> 00:05:28,120 It just hit Paypal's like just like hitting fucking news on 114 00:05:28,120 --> 00:05:30,240 news on news like they had the moon pay integration not long 115 00:05:30,240 --> 00:05:33,240 ago with all these coins. Now they got this like whoop, 116 00:05:33,440 --> 00:05:34,800 look at that. Now they got this. 117 00:05:35,000 --> 00:05:38,480 Now they got this, this, this Solana integration. 118 00:05:38,480 --> 00:05:41,200 So anyways, love to see that. Anyways, without further ado, 119 00:05:41,200 --> 00:05:43,520 why don't we get right into it? We didn't talk markets 120 00:05:43,520 --> 00:05:50,920 yesterday. So Mendo, let's hear it. 121 00:05:55,840 --> 00:05:59,680 Can you dig it? Yeah, So bit of a wit week I 122 00:05:59,720 --> 00:06:02,240 would say. I continue to be surprised that 123 00:06:02,240 --> 00:06:05,520 we have been hit all time high after all of last all of last 124 00:06:05,520 --> 00:06:06,920 week's headlines. It really did feel like we were 125 00:06:06,920 --> 00:06:08,840 going to go a lot, lot higher this week. 126 00:06:08,840 --> 00:06:12,360 You had a little bit of nervousness around obviously 127 00:06:12,360 --> 00:06:15,120 Mount Cox which has billions of Bitcoin that it will have to 128 00:06:15,120 --> 00:06:18,240 sell. This has kind of been hanging 129 00:06:18,240 --> 00:06:21,480 over the market for years. It always seems to be delayed. 130 00:06:21,480 --> 00:06:24,000 But they did move some wallets this week and that that caused a 131 00:06:24,000 --> 00:06:28,040 bit of a sell off. And then yesterday, I don't 132 00:06:28,040 --> 00:06:31,000 really know what was causing us to go to go lower, if I'm 133 00:06:31,000 --> 00:06:33,320 honest, like stocks didn't have the best day. 134 00:06:33,320 --> 00:06:36,400 The the they fell very slightly from all time highs, at least in 135 00:06:36,400 --> 00:06:41,000 tech stocks. And we have we have an important 136 00:06:41,000 --> 00:06:44,320 piece of data tomorrow in the Fed PC inflation. 137 00:06:44,800 --> 00:06:48,000 But yeah, I continue to be surprised at how weak we've been 138 00:06:48,000 --> 00:06:50,440 trading, or at least that we have just stuck around in this 139 00:06:50,440 --> 00:06:52,840 range, right? We've been stick stuck around in 140 00:06:52,840 --> 00:06:57,960 this in this in this very, very narrow Bitcoin range for for a 141 00:06:57,960 --> 00:07:01,920 long time now. And I think people are getting a 142 00:07:02,920 --> 00:07:04,600 little bit bored, a little bit frustrated. 143 00:07:04,600 --> 00:07:06,840 And that's probably why we're seeing so many fights on the 144 00:07:06,840 --> 00:07:11,040 timeline again and everyone having very green views because 145 00:07:11,040 --> 00:07:13,320 we're just a bit bored and no one's really making big. 146 00:07:13,720 --> 00:07:15,120 Bored. Insanely amounts of money. 147 00:07:15,520 --> 00:07:18,880 So that that's my general sense of things In terms of like the 148 00:07:18,880 --> 00:07:24,800 big headlines you saw the S1 filings by BlackRock yesterday. 149 00:07:25,600 --> 00:07:29,600 It does look like the ETF will now be either late June or early 150 00:07:29,600 --> 00:07:32,400 July. You saw the CME come out which 151 00:07:32,400 --> 00:07:37,760 is the Chicago exchange for futures essentially and said 152 00:07:37,760 --> 00:07:40,800 they there was no immediate plans for a Solana listing. 153 00:07:40,880 --> 00:07:43,640 Part of that was to do with, it was said it was to do with the, 154 00:07:43,720 --> 00:07:47,400 the, the outage that Solana had, which I think was very, very, 155 00:07:47,960 --> 00:07:49,320 yeah. Like they, they mentioned that 156 00:07:49,320 --> 00:07:51,440 that was potentially one of the reasons. 157 00:07:52,040 --> 00:07:55,640 We'll we'll wait and see. But yeah, that's, that's clearly 158 00:07:55,840 --> 00:07:57,520 there is an impediment to a futures ETF. 159 00:07:57,520 --> 00:07:59,960 Like you can't really have a period where the where the 160 00:08:00,000 --> 00:08:02,800 exchange is down. No, that's, that's that actually 161 00:08:02,800 --> 00:08:04,800 makes sense. Like that's totally fair. 162 00:08:04,800 --> 00:08:06,840 And I'm talking about as a back holder. 163 00:08:08,000 --> 00:08:10,240 Exactly. So they came out and said that 164 00:08:10,480 --> 00:08:12,560 Solana hasn't really reacted to that. 165 00:08:12,560 --> 00:08:15,800 Like if anything, it's been kind of Solith has been rebounding 166 00:08:15,800 --> 00:08:19,320 slightly over the last over the last period. 167 00:08:19,320 --> 00:08:23,200 I would say you saw most of the top meme coins kind of had a 168 00:08:23,200 --> 00:08:25,280 little bit of a mini top when all the celebrities started 169 00:08:25,280 --> 00:08:30,880 coming in with a hit four and then dropped about 20%. 170 00:08:31,680 --> 00:08:35,159 Pepe dropped. Similarly, all the ETH meme 171 00:08:35,159 --> 00:08:37,400 coins which have been running all, all had a bit of a bit of a 172 00:08:38,480 --> 00:08:41,440 decent sized drop, I would say. So, yeah, we just had a little 173 00:08:41,440 --> 00:08:45,720 bit of wind come out of the the sails of of the meme market, 174 00:08:45,720 --> 00:08:48,760 particularly in the top bits of the market. 175 00:08:49,360 --> 00:08:52,760 Obviously we've seen, and we'll probably get into it like dodgy 176 00:08:52,760 --> 00:08:55,880 activity has predictably increased for a range of 177 00:08:55,880 --> 00:08:57,440 different celebrities who've come in. 178 00:08:57,440 --> 00:09:00,920 Yeah, we haven't really seen an increase in quality there. 179 00:09:00,920 --> 00:09:05,680 It seems like if anything, you've just seen a decrease and 180 00:09:05,680 --> 00:09:10,200 that's taken a lot of, I don't know, attention in the attention 181 00:09:10,200 --> 00:09:12,200 economy game. I think PAC Moon was has done it 182 00:09:12,200 --> 00:09:14,240 best in terms of getting that back. 183 00:09:16,400 --> 00:09:17,760 But yeah, that that's kind of it. 184 00:09:17,760 --> 00:09:21,480 It's been we're back to range bound market I'm and I'm 185 00:09:21,480 --> 00:09:23,840 surprised about it. Can I ask you something, Mando? 186 00:09:25,480 --> 00:09:26,920 So what do you what do you think of this? 187 00:09:26,960 --> 00:09:28,800 I, I've been just staring at the Bitcoin chart. 188 00:09:28,840 --> 00:09:30,920 I always have like a ton of charts hoping which if you're on 189 00:09:30,920 --> 00:09:34,160 video and reminder, we're on video every morning on X on the 190 00:09:34,160 --> 00:09:36,960 formula, our account, my account, Tyler, you know Mandos, 191 00:09:36,960 --> 00:09:39,560 you can find it. But what do you think of this? 192 00:09:39,680 --> 00:09:41,920 I find this really interesting. For me, the most interesting 193 00:09:41,920 --> 00:09:43,480 chart in crypto is the Bitcoin one right now. 194 00:09:43,720 --> 00:09:47,080 Like we've been range bound for three months now. 195 00:09:47,080 --> 00:09:52,720 So since March, March 3rd to March 4th, we had this $5000 196 00:09:52,720 --> 00:09:59,240 candle to 67 K and we've been really ranging in that 67 K 197 00:09:59,240 --> 00:10:01,560 average, you know, for for a while now. 198 00:10:01,600 --> 00:10:05,280 Yeah, we did have a bull market pull back normal to 56 something 199 00:10:05,280 --> 00:10:07,640 when everybody's freaking out, but we're just, we just went 200 00:10:07,640 --> 00:10:10,720 right back to like that exact same range while testing 70. 201 00:10:10,840 --> 00:10:12,640 What do you make of that? Does that mean anything like 3 202 00:10:12,640 --> 00:10:15,120 months of range to 90 days of pure? 203 00:10:15,120 --> 00:10:18,840 Like soon, I mean, in four days it'll be three months of pure 204 00:10:18,840 --> 00:10:23,240 range because I think that we're hitting $80,000 in June. 205 00:10:23,360 --> 00:10:27,320 I, I think we're about to see like a ridiculous candle after a 206 00:10:27,320 --> 00:10:28,960 range like that. But what usually happens in that 207 00:10:28,960 --> 00:10:30,800 sense? Or could we just chop like that? 208 00:10:31,080 --> 00:10:32,280 It's all. Like we could, we could chop 209 00:10:32,280 --> 00:10:33,640 like that for for the rest of the year. 210 00:10:35,280 --> 00:10:36,440 Like, I wouldn't, I wouldn't personal. 211 00:10:36,440 --> 00:10:37,920 Opinion on that? Like, do you have you thought 212 00:10:37,920 --> 00:10:40,640 about that at all? I mean, my past opinion is what 213 00:10:40,640 --> 00:10:43,040 I said, which is that I am very, very surprised you haven't hit 214 00:10:43,040 --> 00:10:49,240 all time high with the state of the capitulation in the US over 215 00:10:49,240 --> 00:10:53,040 crypto towards pro policy. So, yeah, I'm, I have been very 216 00:10:53,040 --> 00:10:57,200 surprised about that. And I, I would have expected us 217 00:10:57,200 --> 00:11:03,080 to have gone higher, particularly on, on Bitcoin 218 00:11:05,640 --> 00:11:07,400 performance has even been confusing me. 219 00:11:07,400 --> 00:11:11,080 Like I, I really felt like that would just just keep going. 220 00:11:12,080 --> 00:11:14,560 But yeah, that's, that's been a little bit, little bit weaker 221 00:11:14,560 --> 00:11:20,400 than I expected. I, I am massively bullish on, on 222 00:11:20,400 --> 00:11:22,880 crypto. I I've also been massively 223 00:11:22,880 --> 00:11:27,040 bullish on crypto and been in ranges for, you know, months and 224 00:11:27,040 --> 00:11:29,800 months and months and months. So sometimes you just learn to 225 00:11:29,800 --> 00:11:33,360 have a bit of patience in the space and that is that's 226 00:11:33,360 --> 00:11:36,760 relatively important. That makes sense that, that 227 00:11:36,760 --> 00:11:38,200 makes perfect. I was just curious cause like 228 00:11:38,480 --> 00:11:41,000 everyone's so focused on like, like while this week everyone's 229 00:11:41,000 --> 00:11:43,520 focused on like celebrity, this celebrity that I took a step 230 00:11:43,520 --> 00:11:46,160 back to just look over all my positions, My Portfolio and just 231 00:11:46,160 --> 00:11:49,160 looking mostly majors and stuff to see where I'm at. 232 00:11:49,240 --> 00:11:51,840 And so I just, I just thought it was interesting. 233 00:11:52,240 --> 00:11:55,360 Bitcoin, I mean, look at the weekly, it's looking so nice. 234 00:11:55,360 --> 00:11:59,200 But look, again, charts may mean something can also mean nothing. 235 00:12:00,600 --> 00:12:03,360 So, so I just thought that was a good thing to point out. 236 00:12:03,840 --> 00:12:06,000 I think we forget 'cause we, we're in the trenches every day, 237 00:12:06,000 --> 00:12:09,120 but you forget sometimes that like literally Bitcoin's been 238 00:12:09,120 --> 00:12:10,960 the same price. Like while people were freaking 239 00:12:10,960 --> 00:12:14,840 out around May 2nd, beginning of the month when we went down to 240 00:12:14,840 --> 00:12:18,640 the 50s, like the price has been unchanged, bro. 241 00:12:18,800 --> 00:12:22,000 Like literally look at this whole period here, unchanged 242 00:12:22,200 --> 00:12:27,400 since March, since March 4th. So so maybe four, like maybe 243 00:12:27,400 --> 00:12:30,320 June 4 we see a $10,000 candle. You know what? 244 00:12:30,320 --> 00:12:33,720 Book it. June 4th my from my mouth. 245 00:12:34,800 --> 00:12:42,600 One that's 71 to like 71213 area on bit Bitcoin we've touched it 246 00:12:42,600 --> 00:12:43,720 about. Half. 247 00:12:43,760 --> 00:12:45,920 A dozen times. Yeah. 248 00:12:45,920 --> 00:12:49,000 Like it's, it's. That's the main point of 249 00:12:49,000 --> 00:12:52,320 resistance. It's literally right there 714 250 00:12:52,400 --> 00:12:54,840 like it's well, I mean, that's on cracking for us with like, I 251 00:12:54,840 --> 00:12:56,480 don't know, maybe other exchanges are different, but 252 00:12:56,760 --> 00:12:59,600 literally this exact bar here that we kept hitting. 253 00:12:59,600 --> 00:13:06,000 We've hit that. We've crossed it once 23456789 254 00:13:06,000 --> 00:13:08,400 like you're like you're at a dozen times like those are daily 255 00:13:08,400 --> 00:13:10,280 candles. Let's try to hit that and go 256 00:13:10,280 --> 00:13:11,720 above and seems to be slapped down. 257 00:13:11,920 --> 00:13:17,240 Tyler, Mr. Chicago, Mr. Chicago, what you guys doing on CME 258 00:13:17,560 --> 00:13:21,280 Fighting my Solana bags Don't want to listen to futures. 259 00:13:21,280 --> 00:13:23,440 I mean, you, I I know you're in Chicago. 260 00:13:23,440 --> 00:13:25,640 Why can't you go knock on these people's doors and try to make 261 00:13:25,640 --> 00:13:28,760 something happen for us? I, I saw a take that we weren't 262 00:13:28,760 --> 00:13:31,400 going to get salon futures basically until the next cycle 263 00:13:31,520 --> 00:13:34,560 and just kind of reflecting on ETH and that it just, it just 264 00:13:34,560 --> 00:13:37,080 needs more time to build the foundation. 265 00:13:37,080 --> 00:13:39,640 So that makes sense to me. The biggest law of news to me 266 00:13:39,640 --> 00:13:41,920 that we haven't talked about is PayPal. 267 00:13:41,920 --> 00:13:45,360 Did you see the the quotes that came out of this this PayPal 268 00:13:45,360 --> 00:13:46,960 announcement when they did their their? 269 00:13:47,680 --> 00:13:50,640 Statement, point of quote. Why do you expand on that, 270 00:13:50,720 --> 00:13:52,840 Tommy, please? Yeah, let me have a post about 271 00:13:52,920 --> 00:13:54,160 that. Or with the quotes. 272 00:13:54,600 --> 00:13:57,840 Yeah, I featured it in my newsletter this morning over at 273 00:13:57,960 --> 00:14:01,160 at newsletter.luckytrader.com. So you can find it there. 274 00:14:01,640 --> 00:14:04,600 I, I also post it's, it's my pin tweet as well. 275 00:14:04,600 --> 00:14:08,000 But, but basically, I mean, the news PayPal officially launched 276 00:14:08,000 --> 00:14:11,200 its stablecoin on Solana yesterday. 277 00:14:11,400 --> 00:14:15,320 It came with a, a series of bullish quotes from their, their 278 00:14:15,320 --> 00:14:18,000 leadership and, and executives. So PayPal senior vice president 279 00:14:18,000 --> 00:14:20,280 of blockchain Jose Fernandez, and I'm quoting here. 280 00:14:20,640 --> 00:14:24,040 Ethereum works well enough, but if you're interested in retail 281 00:14:24,040 --> 00:14:27,200 payments as we are, basically you need at least 1000 282 00:14:27,200 --> 00:14:29,720 transactions per second and you need transaction costs in the 283 00:14:29,720 --> 00:14:33,360 pennies, not in the dollars. It goes on from there. 284 00:14:33,360 --> 00:14:34,680 So this is from the announcement. 285 00:14:34,680 --> 00:14:37,120 Again, I'm quoting. Solana has emerged as the 286 00:14:37,120 --> 00:14:39,880 leading blockchain to run tokenized transactions and it's 287 00:14:39,880 --> 00:14:43,520 ideal for Pyusd as it continues to be used for payment use 288 00:14:43,520 --> 00:14:45,520 cases. The Solana network speed and 289 00:14:45,520 --> 00:14:48,920 scalability make it the ideal blockchain for new payment 290 00:14:48,920 --> 00:14:52,040 solutions that are accessible, cost effective and 291 00:14:52,040 --> 00:14:56,160 instantaneous, but broke. It's not just speed that PayPal 292 00:14:56,160 --> 00:14:57,480 is looking for and praising here. 293 00:14:57,480 --> 00:15:01,160 So the Solana token extensions were actually a key component of 294 00:15:01,160 --> 00:15:03,040 the choice. So this isn't, this is including 295 00:15:03,040 --> 00:15:06,000 their confidential transfers that allow some data to be 296 00:15:06,000 --> 00:15:09,720 hidden in transactions. They're transfer hooks that 297 00:15:09,720 --> 00:15:12,520 allow programmability during token transfers and then memo 298 00:15:12,520 --> 00:15:15,160 fields. So speed, confidentiality, 299 00:15:15,160 --> 00:15:22,760 programmability all on Solana. Dude, so I saw UDI actually, I 300 00:15:22,760 --> 00:15:24,680 shared that. Yeah, they actually went viral. 301 00:15:24,680 --> 00:15:26,480 His tweet, he's got 400,000 views. 302 00:15:26,480 --> 00:15:28,920 So I, I knew about the confidentiality thing through 303 00:15:28,920 --> 00:15:30,320 UDI. He said, OK, this is wild. 304 00:15:30,320 --> 00:15:33,800 That's from UDI. PayPal just launched his PYUSD 305 00:15:33,800 --> 00:15:37,600 stablecorn on Solana. He goes, yeah, I know, Jan, but 306 00:15:37,600 --> 00:15:40,480 it seems to have a privacy feature they call confidential 307 00:15:40,480 --> 00:15:42,640 transfers that hides the transaction amounts of 308 00:15:42,640 --> 00:15:44,760 transaction. This sounds a lot like 309 00:15:44,760 --> 00:15:47,200 confidential transactions, a feature Bitcoin devs have been 310 00:15:47,200 --> 00:15:49,600 Larping about for almost a decade but never built. 311 00:15:49,880 --> 00:15:52,520 And you're telling me PayPal users will have it first, LOL. 312 00:15:52,800 --> 00:15:54,920 And you know, he he does have a point, right? 313 00:15:55,400 --> 00:16:01,680 Where like, the transparency of the blockchain is awesome. 314 00:16:02,240 --> 00:16:04,400 But, and that's the question I'm going to ask myself, should 315 00:16:04,520 --> 00:16:06,840 everybody know what everybody has? 316 00:16:07,080 --> 00:16:09,320 Like, are you comfortable? Like would you be comfortable, 317 00:16:09,320 --> 00:16:11,880 Tyler Romando, that I know exactly how much you have in 318 00:16:11,880 --> 00:16:16,040 your bank account? Or that's a that's been a long 319 00:16:16,040 --> 00:16:20,600 known issue with crypto actually 100% a post for years saying we 320 00:16:20,600 --> 00:16:22,160 need to add some level of privacy. 321 00:16:22,440 --> 00:16:24,400 And you had, you know, as a response that you had the 322 00:16:24,400 --> 00:16:28,120 privacy change which came out Monero. 323 00:16:29,240 --> 00:16:32,720 Monero. They all, they all have since 324 00:16:32,720 --> 00:16:37,480 basically been banned by the major exchanges because they 325 00:16:37,480 --> 00:16:41,760 don't like, they don't like privacy when governments can't 326 00:16:41,760 --> 00:16:46,160 see it. So we will have privacy, I'm 327 00:16:46,160 --> 00:16:50,080 sure on chain, but I think it will be privacy where the 328 00:16:50,080 --> 00:16:55,120 governments are able to see it. Yeah, I mean, yeah, yeah, it's 329 00:16:55,120 --> 00:16:56,280 just like it's just interesting, right? 330 00:16:56,280 --> 00:16:58,360 Like even all the payment methods on chain, everything I 331 00:16:58,360 --> 00:17:00,560 think like this, that was always like this like one thing that's 332 00:17:00,560 --> 00:17:02,720 like not right with crypto in the sense, right. 333 00:17:02,720 --> 00:17:04,680 I love the transparency and everything, but I think it's 334 00:17:04,680 --> 00:17:06,560 weird. So Tyler, that's some really 335 00:17:06,560 --> 00:17:08,960 solid news. There was also well for us what 336 00:17:08,960 --> 00:17:11,400 Solana followed me yesterday. I just want to announce that so 337 00:17:11,400 --> 00:17:14,079 shout out to salon Yeah, I got the follow back from from the 338 00:17:14,119 --> 00:17:16,359 actual int account Yeah shout out to a new intern. 339 00:17:16,599 --> 00:17:17,880 Thank you very much. Thank you very much. 340 00:17:18,520 --> 00:17:19,920 But that was the big breaking news. 341 00:17:19,920 --> 00:17:22,800 I know we glanced over it, but PayPal USD stable cognition by 342 00:17:22,800 --> 00:17:25,880 Paxos will leverage Solana and token extensions to serve over 343 00:17:25,880 --> 00:17:27,440 30 million merchants. And also if you want to buy 344 00:17:27,440 --> 00:17:30,560 soul, well, little plug, you can now the Moon pay app that's for 345 00:17:30,560 --> 00:17:33,400 you. Keith Tyler was what else was 346 00:17:33,400 --> 00:17:34,720 there? There was also layer 0 347 00:17:35,040 --> 00:17:38,200 announcement from them, right? Yeah, Layer layer Zero also 348 00:17:38,200 --> 00:17:42,640 launched on Solana yesterday. And I mean, this is perhaps now 349 00:17:42,640 --> 00:17:45,120 it's just to negative news, but we saw the all the celebrities 350 00:17:45,120 --> 00:17:46,840 that, that all that, that all took place on Solana. 351 00:17:47,200 --> 00:17:50,400 So I mean the action is, is on, on Solana right now. 352 00:17:50,440 --> 00:17:54,040 I mean, ETF has the ETFs, but it feels like all the momentum is 353 00:17:54,040 --> 00:17:58,800 over on Seoul. Yeah, this is, this is, this is 354 00:17:58,800 --> 00:18:04,040 really, really interesting. So I absolutely love to see it 355 00:18:04,280 --> 00:18:07,520 on the Solana side. But yeah, those are those those 356 00:18:07,520 --> 00:18:10,000 are like the major, the major stuff happening on the on the 357 00:18:10,000 --> 00:18:12,760 macro level. Price just looking good to me. 358 00:18:12,760 --> 00:18:14,920 I like being range bound. The kids can play, you know, 359 00:18:14,920 --> 00:18:17,120 memes this and that. I'm not even talking about just 360 00:18:17,120 --> 00:18:18,600 like the celebrity. I'm talking meme coins in 361 00:18:18,600 --> 00:18:19,680 general. Like a lot of them are doing 362 00:18:19,680 --> 00:18:22,040 good. I've seen Mando you've you've 363 00:18:22,040 --> 00:18:24,280 had quite the you've had quite the last few. 364 00:18:24,280 --> 00:18:26,520 We didn't really get to talk to that about that yesterday. 365 00:18:26,960 --> 00:18:29,000 You had quite a weekend and week, huh? 366 00:18:31,480 --> 00:18:32,720 How does it feel to be back on top? 367 00:18:37,440 --> 00:18:39,800 Wait, we're not, we're not. And we still got so much to do. 368 00:18:41,480 --> 00:18:44,680 Yeah, like, yeah, crazy, right. And we actually, I remember 369 00:18:44,720 --> 00:18:46,480 speaking on my show on Thursday. Was it? 370 00:18:47,480 --> 00:18:49,720 And you were like, oh, how's it? How's, what was it like being 371 00:18:49,760 --> 00:18:52,840 it? Was it like being like $4 372 00:18:52,840 --> 00:18:56,600 million as a meme coin? And I, I said, look, it's just 373 00:18:56,600 --> 00:18:58,120 been this one on. There's one guy. 374 00:18:58,120 --> 00:19:00,760 And there was Bob Farnbury in the first period of that move, 375 00:19:01,440 --> 00:19:04,720 which destroyed the chart. And then luckily when that 376 00:19:04,720 --> 00:19:08,080 stops, you know, you keep you just have a little bit of luck. 377 00:19:08,280 --> 00:19:10,920 You know, you have a little bit of luck if you if you if you're 378 00:19:11,240 --> 00:19:14,280 if you can grab attention and you've been doing cool stuff 379 00:19:14,280 --> 00:19:15,760 even during that period where it goes down. 380 00:19:15,760 --> 00:19:17,840 And luckily, I just think we had a bit of luck. 381 00:19:18,440 --> 00:19:20,360 It suddenly caught a lot more people's attention. 382 00:19:20,880 --> 00:19:22,760 And yeah, I think it's in a good spot. 383 00:19:23,240 --> 00:19:25,080 Like I like the meme. And we've done a bunch of stuff 384 00:19:25,080 --> 00:19:26,920 since then. Like yesterday we launched a 385 00:19:26,920 --> 00:19:30,040 meme point, a meme generators. If you go into the site, if you 386 00:19:30,040 --> 00:19:35,680 go onto, go onto Epic now. It's epic.co.com. 387 00:19:35,680 --> 00:19:38,480 That's your website. Yeah, but then click games, 388 00:19:39,320 --> 00:19:43,880 games in the top left that. Always gets me. 389 00:19:45,240 --> 00:19:47,280 Holy shit, you've built three games? 390 00:19:48,320 --> 00:19:51,120 This guy's built more games than like than most companies that 391 00:19:51,120 --> 00:19:52,600 raised like $20 million. Dude, the. 392 00:19:54,120 --> 00:19:55,880 Meme Maker. Now go to the meme maker. 393 00:19:56,760 --> 00:19:58,200 Let's see this. How does this work? 394 00:19:58,200 --> 00:19:59,720 Well, I'm not going to choose, don't worry. 395 00:20:00,600 --> 00:20:01,880 Just just. Go random. 396 00:20:02,400 --> 00:20:04,240 Now just here you go, I'll choose the photo name all. 397 00:20:04,800 --> 00:20:07,320 Right, then do random. Just hit the random thing where 398 00:20:07,320 --> 00:20:12,960 you'll just blow the image. Yeah, so it makes. 399 00:20:14,480 --> 00:20:16,040 And you get you can. OK, I see. 400 00:20:16,440 --> 00:20:21,760 With text, OK, we're going to add a ton of different 401 00:20:21,760 --> 00:20:24,680 characters with a dealt with different things. 402 00:20:25,440 --> 00:20:27,960 That is terrible. That is so funny. 403 00:20:32,040 --> 00:20:33,920 They're actually funny, though. They actually make sense. 404 00:20:33,920 --> 00:20:35,840 I thought it would be hard to, like, generate memes that make 405 00:20:35,840 --> 00:20:41,000 sense, but it seems like that's funny. 406 00:20:41,400 --> 00:20:43,640 Menda's working. Menda's been working. 407 00:20:44,160 --> 00:20:46,320 Yeah. I think my take away from 408 00:20:46,320 --> 00:20:48,960 watching this Epic action and I think it can be applied to the 409 00:20:48,960 --> 00:20:52,760 whole market, right, is you just you can't miss the updates like 410 00:20:52,760 --> 00:20:54,560 for these tokens that you have conviction in. 411 00:20:54,560 --> 00:20:59,280 I mean, Epic ran up what, like 5 or 6X in a four or five day 412 00:20:59,280 --> 00:21:01,680 period? And if you're like, oh, I sold 413 00:21:01,680 --> 00:21:05,120 it, but I'll buy back, you know, next week or something and 414 00:21:05,120 --> 00:21:06,320 you're off on holiday. Guess what? 415 00:21:06,320 --> 00:21:09,240 Like you, you missed the entire like this entire leg up. 416 00:21:09,240 --> 00:21:11,840 And of course, like a lot of us are still bullish that there's 417 00:21:11,840 --> 00:21:13,880 more room to run. But it was just like an MTS, 418 00:21:13,880 --> 00:21:16,880 like the UP days are so violent, you just can't miss them. 419 00:21:17,320 --> 00:21:19,280 You know, I feel like we're at the cost of that though, right? 420 00:21:19,280 --> 00:21:22,600 Like I, I feel like we're, we're, it's, it's like it's, 421 00:21:23,200 --> 00:21:25,920 it's, it's starting to like happen. 422 00:21:26,280 --> 00:21:29,360 We'll see in, in what form, whether it's new coins or NFTS 423 00:21:29,360 --> 00:21:31,560 again and what not. But like, I feel like, I feel 424 00:21:31,560 --> 00:21:33,880 like we're, we're at the period where, where there's going to be 425 00:21:33,880 --> 00:21:38,360 like an aggressive like it was literally around this time two 426 00:21:38,360 --> 00:21:41,320 years ago that it happened. It was a summer thing where like 427 00:21:41,320 --> 00:21:43,960 things just just it, it happens out of nowhere. 428 00:21:44,080 --> 00:21:47,960 It, it'll hit you randomly. Like Visa bought a punk last two 429 00:21:47,960 --> 00:21:51,080 summers ago, 3 summers ago. And then like punks went to half 430 00:21:51,080 --> 00:21:55,000 $1,000,000 over like it, it was really like, it was like from 40 431 00:21:55,000 --> 00:21:58,920 ETH to like 100 something ETH worth $500,000 in like 2 weeks. 432 00:21:59,520 --> 00:22:02,440 That's the thing. That's why I'm like, I just want 433 00:22:02,440 --> 00:22:04,760 to be locked in honestly. You never know when you have to 434 00:22:04,760 --> 00:22:07,160 run to your computer or to your keys and just have to buy 435 00:22:07,160 --> 00:22:09,920 something or or sell something into liquidity. 436 00:22:09,920 --> 00:22:14,520 Because this cycle Dashante Naveen, founder of Tari TTMR, 437 00:22:15,480 --> 00:22:19,160 take the money and run. He learned that from Bon Jovi. 438 00:22:19,160 --> 00:22:24,160 Actually, fun fact, TTMR, remember those those this 439 00:22:24,200 --> 00:22:28,120 acronym TTMR take the money and run this summer. 440 00:22:28,120 --> 00:22:31,440 Anyways, Justin as well. And that's cool that you, you 441 00:22:31,560 --> 00:22:36,000 you covered that as well on the macro side, Tyler MasterCard 442 00:22:36,560 --> 00:22:40,000 launches crypto credential pilot on Bitcoin. 443 00:22:40,280 --> 00:22:42,560 One thing that's been really cool MasterCard and and we know 444 00:22:42,560 --> 00:22:45,720 the guy at at on the web three side of MasterCard, great 445 00:22:45,720 --> 00:22:47,080 person. Actually, he's been a listener 446 00:22:47,080 --> 00:22:52,720 of GMNFTS, Mando since GMNFTS, then GM Web 3, then FOMO Hour, 447 00:22:52,720 --> 00:22:54,520 then the second narration of FOMO Hour. 448 00:22:54,520 --> 00:22:56,560 Tyler, So been listening for a long time. 449 00:22:56,560 --> 00:22:59,160 He's good friend, he's awesome. So Mastercard's actually been 450 00:22:59,160 --> 00:23:01,120 dabbling in the space for a very, very long time. 451 00:23:01,120 --> 00:23:03,920 They announced the Other Life Munpei partnership the other 452 00:23:03,920 --> 00:23:06,120 day, and now it looks like they're in getting involved in 453 00:23:06,120 --> 00:23:07,240 Bitcoin. Tyler, what's going on that 454 00:23:07,240 --> 00:23:09,200 front? Yeah, they're all not these 455 00:23:09,200 --> 00:23:13,800 aliases concept is you can it's easier to to send payments to 456 00:23:13,800 --> 00:23:16,960 someone via their name. So I can send it to Foroque or 457 00:23:16,960 --> 00:23:20,440 foroque that that Bitcoin or whatever your handle is versus 458 00:23:20,560 --> 00:23:24,400 your wallet address, which is always going to be a hassle and 459 00:23:24,400 --> 00:23:26,040 you're super scared that you're that you're doing it 460 00:23:26,040 --> 00:23:29,480 incorrectly. It it hasn't rolled out super 461 00:23:29,480 --> 00:23:31,040 far. I think it's on bit me, it's on 462 00:23:31,040 --> 00:23:34,920 a few other exchanges, but I mean the core concept, you know, 463 00:23:34,920 --> 00:23:37,640 makes a ton of sense, right. It's similar to to ENS and it's 464 00:23:37,800 --> 00:23:38,920 just gonna. Make ENS that's a. 465 00:23:39,080 --> 00:23:41,400 Little easier. So is it dot something? 466 00:23:41,400 --> 00:23:43,120 So they're not. So is it that they're not even 467 00:23:43,120 --> 00:23:45,240 using ENS? Like they're not using ENS or 468 00:23:45,240 --> 00:23:48,080 dot XBT or dot BT like it's just their own? 469 00:23:48,600 --> 00:23:50,800 Yeah, you're gonna set up your own credential with MasterCard. 470 00:23:50,960 --> 00:23:53,760 Isn't that bearish ENS and all the other domains like question 471 00:23:53,760 --> 00:23:55,400 to both of you, like Commando, you were big. 472 00:23:55,400 --> 00:23:57,640 Like you had three digits with OV at some point and we talked 473 00:23:57,640 --> 00:23:59,320 about ENS and we were bullish on it. 474 00:23:59,720 --> 00:24:02,320 But like, isn't that like super bearish for all that? 475 00:24:02,800 --> 00:24:04,120 I wouldn't say it's super bearish. 476 00:24:04,160 --> 00:24:07,280 I still think ENS, you know, ENS is linked to Google Now You can 477 00:24:07,280 --> 00:24:08,960 Google search people and stuff like that. 478 00:24:08,960 --> 00:24:11,640 Like ENS is not not doing integrations. 479 00:24:12,000 --> 00:24:15,040 Yeah, but like there will be. Upside is now no longer like, 480 00:24:15,040 --> 00:24:16,840 oh, we're going to get integrated in the big companies. 481 00:24:16,840 --> 00:24:18,200 No, the big company is not integrating you. 482 00:24:18,960 --> 00:24:21,360 Well, it's just, it's really just again, it's like a web two 483 00:24:21,360 --> 00:24:23,720 way of doing it. Your ENS you own, right? 484 00:24:24,280 --> 00:24:28,280 It's your, it's yours, it's Rev. I actually for 100 years now. 485 00:24:29,040 --> 00:24:31,560 All this is is just your MasterCard account is just 486 00:24:31,560 --> 00:24:36,240 linked to that address. So like it's it's it's just like 487 00:24:36,600 --> 00:24:40,000 cash app essentially, but that done that way. 488 00:24:40,000 --> 00:24:43,680 So I don't think I think this is yeah, going off to maybe some of 489 00:24:43,680 --> 00:24:46,080 the ENS market share, but I think ENS is still going to have 490 00:24:46,080 --> 00:24:48,840 a core group of users who want to have custody of even their 491 00:24:48,840 --> 00:24:51,320 own identity, right. They see, they see ENS as more 492 00:24:51,320 --> 00:24:56,600 like an identity thing than just a, than just an integration for 493 00:24:56,600 --> 00:25:01,720 for a for payments. Yeah, OK, well, that's I thought 494 00:25:01,720 --> 00:25:03,160 that was interesting, like more adoption. 495 00:25:03,160 --> 00:25:06,600 There's there's so much cool stuff going on like across the 496 00:25:06,600 --> 00:25:08,160 board at the moment on the space. 497 00:25:08,160 --> 00:25:10,680 Like it's easy to like get sucked into like the attention 498 00:25:10,960 --> 00:25:13,520 thing of the celebrity coin, whatever for four days. 499 00:25:13,520 --> 00:25:16,440 It's cool to talk about on one show like we did yesterday, have 500 00:25:16,440 --> 00:25:18,200 a broader convo. But like there's actually like I 501 00:25:18,200 --> 00:25:19,920 wrote about this, yes. I'm like, dude, everybody loves 502 00:25:19,920 --> 00:25:22,640 to get sucked into something, but look at like it's like look 503 00:25:22,640 --> 00:25:25,200 at look at that price action on on, on other things. 504 00:25:25,200 --> 00:25:27,600 It's really awesome. So I'd love to see that anyways, 505 00:25:27,600 --> 00:25:30,120 Tyler, Tyler, what else? What else you got? 506 00:25:30,120 --> 00:25:32,240 What else you got for us? I'm actually curious to see what 507 00:25:32,240 --> 00:25:34,080 your what your big, big topics are today. 508 00:25:34,080 --> 00:25:35,400 What's? What's going around? 509 00:25:36,120 --> 00:25:37,680 Yeah, I think the biggest other news. 510 00:25:37,760 --> 00:25:40,920 Hold on, hold on. I I every excuse I have to play 511 00:25:40,920 --> 00:25:43,160 your intro, I have to take it because it is a banger. 512 00:25:43,160 --> 00:25:44,800 So I was thrown off because you didn't play it. 513 00:25:44,800 --> 00:25:48,000 So let's roll. Tyler one don't you gave us your 514 00:25:48,000 --> 00:25:54,680 top news of the day four Jelly NFT and crypto analysis Tyler 515 00:25:54,680 --> 00:25:56,640 did on FOMO. Our calls. 516 00:25:56,640 --> 00:26:01,840 The kid can't. Bring the back some bears top 517 00:26:01,840 --> 00:26:03,640 story. Arguably Biden. 518 00:26:03,640 --> 00:26:06,240 The Biden administration is reaching out for crypto advice 519 00:26:06,280 --> 00:26:09,200 and advisers in a major tone shift from where they've been 520 00:26:09,520 --> 00:26:11,640 over the last months and and the years. 521 00:26:11,640 --> 00:26:14,680 And now the Biden token over on ETH has pumped in its wake. 522 00:26:14,680 --> 00:26:18,440 So we're seeing more political meme coin action driven by real 523 00:26:18,440 --> 00:26:20,920 politics. The other big news today, it's 524 00:26:20,920 --> 00:26:23,040 all a blast. So blast shared gold 525 00:26:23,040 --> 00:26:27,680 distribution for only 10 million gold versus 15,000,000 expected 526 00:26:27,960 --> 00:26:31,280 distributions to the dabs, largely in line with most 527 00:26:31,320 --> 00:26:35,160 expectations. But it did lead Sam Stass now to 528 00:26:35,160 --> 00:26:39,440 raise his gold price estimate to, I believe, the $7.40 or so. 529 00:26:39,680 --> 00:26:42,440 No way. Raise those targets and then 530 00:26:42,440 --> 00:26:45,320 this also Pac-Man Pac-Man introduced the full detail 531 00:26:45,320 --> 00:26:47,840 behind its new social validator concept. 532 00:26:47,840 --> 00:26:51,520 A new twist on their tweet to earn model where validators like 533 00:26:51,520 --> 00:26:54,400 creator tweets instead of the core team. 534 00:26:54,560 --> 00:26:57,400 The market liked it. That PAC token jumped about 12% 535 00:26:57,400 --> 00:27:00,440 on the day to $50 million market cap. 536 00:27:00,720 --> 00:27:03,680 Another cool but maybe overlooked story is is happening 537 00:27:03,680 --> 00:27:05,640 on Blast is out of Blast and Pepe. 538 00:27:05,640 --> 00:27:08,760 It's a new collection. It's launching with a floor lock 539 00:27:08,760 --> 00:27:10,600 feature. They're calling it Flock. 540 00:27:10,880 --> 00:27:14,800 It enables minting with 0 downside in their words due to 541 00:27:14,800 --> 00:27:17,280 the mint proceeds all going to the LP. 542 00:27:17,280 --> 00:27:20,560 So if mentors don't want the NFT anymore, they'll be able to get 543 00:27:20,560 --> 00:27:24,160 their money back out of the LP. Those are the big round up on 544 00:27:24,160 --> 00:27:25,600 blast. But runes? 545 00:27:25,760 --> 00:27:28,560 Runes are back. Some would argue maybe they 546 00:27:28,560 --> 00:27:33,080 never left, but Dog Dog is quite literally going to the moon. 547 00:27:33,160 --> 00:27:35,040 It passed a $700 million market cap. 548 00:27:35,040 --> 00:27:37,600 I think it's 7:30 at peak yesterday. 549 00:27:38,120 --> 00:27:40,000 Or right now. Wow. 550 00:27:40,760 --> 00:27:46,120 Yeah, RSIC pumps 30%, several runes jumps 20 to 40%, some of 551 00:27:46,120 --> 00:27:49,160 the micro caps. So cats in the sats is up 120%. 552 00:27:49,400 --> 00:27:53,800 This mega token up 155% on the day. 553 00:27:53,800 --> 00:27:58,800 So there's big action like this. This is one of the hottest token 554 00:27:58,800 --> 00:28:01,280 markets to trade right now, and it's over on Bitcoin. 555 00:28:01,720 --> 00:28:03,040 Yeah, dude, it's, it's happening. 556 00:28:03,040 --> 00:28:05,320 I mean, there's a, there's a pretty big resurgence here on 557 00:28:05,320 --> 00:28:08,280 the on the rune side. I mean, the dog, that dog one is 558 00:28:08,280 --> 00:28:14,320 crazy that, that, that dog Ruin is really pumping hard $708 559 00:28:14,320 --> 00:28:16,520 million market cap that position. 560 00:28:16,640 --> 00:28:19,160 On this trade I I I so whiffed on it. 561 00:28:19,160 --> 00:28:24,840 So I, I have AI still hold a a fairly large RSIC position and I 562 00:28:24,840 --> 00:28:27,520 had 20 of the NFTS for like the entire time. 563 00:28:28,040 --> 00:28:30,880 And I had a couple runestones which led to the dog token. 564 00:28:30,880 --> 00:28:33,720 And I had a conscious thought, should I diversify hedge my bets 565 00:28:33,720 --> 00:28:37,760 here in, in 5050 split with runestones And I just didn't. 566 00:28:37,840 --> 00:28:41,640 And, and I picked my horse and I mean, dog is the clear winner 567 00:28:41,640 --> 00:28:42,240 right now. It's three. 568 00:28:42,240 --> 00:28:44,000 You're like me and and pups right? 569 00:28:44,000 --> 00:28:46,960 Like I picked my horse, which I have some RSI see, but I'm much 570 00:28:46,960 --> 00:28:50,040 larger on pups which actually where is it? 571 00:28:50,320 --> 00:28:53,160 The fuck It was here yesterday. There you go it's at 572 00:28:53,160 --> 00:28:55,480 167,000,000. It's not bad. 573 00:28:55,480 --> 00:28:58,360 It was up. It's up a lot from where it was, 574 00:28:58,360 --> 00:29:00,280 that's for sure. It's back to the level. 575 00:29:00,280 --> 00:29:04,320 It's back to like the pre Arthur Hayes on some level, you know, I 576 00:29:04,360 --> 00:29:07,880 think you don't. Forget like I mean it. 577 00:29:08,160 --> 00:29:10,600 So I I was somewhat early to pups. 578 00:29:10,600 --> 00:29:14,800 I bought in at like $3 a token. It then went to 20 to 30 and 579 00:29:14,800 --> 00:29:18,880 then initial and some pump and then it went to 90 in the in the 580 00:29:18,920 --> 00:29:21,760 Arthur. It all happened in like 3 weeks. 581 00:29:21,800 --> 00:29:22,800 I didn't. Sell them then. 582 00:29:23,880 --> 00:29:26,360 It's probably, I mean arguably one of the biggest parabolic 583 00:29:26,360 --> 00:29:28,120 rises we've seen from any token this year. 584 00:29:28,120 --> 00:29:31,560 Perhaps Turbo has it beat now, but I mean, it was just an 585 00:29:31,560 --> 00:29:34,040 insane run. And then it all just is The 586 00:29:34,040 --> 00:29:38,120 thing is like it's still up 5X from where a lot of like the 587 00:29:38,120 --> 00:29:40,880 earlier folks bought it. If you bought pre Anthem, you're 588 00:29:40,880 --> 00:29:43,800 still up very nicely on the trade. 589 00:29:43,800 --> 00:29:46,760 Now the question is, is it ever going to go back to the the 590 00:29:46,760 --> 00:29:49,640 Arthur Hayes pump heights? It's hard to see that path 591 00:29:49,640 --> 00:29:52,400 upwards unless like everything just levels up massively, which 592 00:29:52,400 --> 00:29:54,200 I guess is still an outcome on the table. 593 00:29:54,840 --> 00:29:57,080 I mean, I I think it is I mean, I think it no. 594 00:29:57,400 --> 00:29:58,920 Will it go back to that pre level? 595 00:29:58,920 --> 00:30:03,280 I hope so as a bag holder, will will it go like will it do well? 596 00:30:03,280 --> 00:30:05,160 I think it's still looking good. I mean, what happened is that 597 00:30:05,520 --> 00:30:07,680 you know, you have you have, you know, kind of like all the other 598 00:30:07,680 --> 00:30:10,120 chains like you have dog doing really well on the rune side. 599 00:30:10,560 --> 00:30:13,280 She always have that like that one that needs to carry the 600 00:30:13,280 --> 00:30:17,360 market up. Clearly it's dog in that over 601 00:30:17,360 --> 00:30:20,160 here you also have runes like RSIC that's doing really well, 602 00:30:20,160 --> 00:30:21,320 etcetera. So you have all the other ones. 603 00:30:21,320 --> 00:30:24,480 And so I think it all depends. There's a there's a just if 604 00:30:24,480 --> 00:30:27,800 you're a holder, you got to make sure that you're you burn 605 00:30:28,240 --> 00:30:30,560 there's like on the pups thing, make sure you burn the the 606 00:30:30,560 --> 00:30:33,640 ordinal to get your to get your your runes. 607 00:30:33,640 --> 00:30:35,120 Is it there's a limit, right? They're going to. 608 00:30:35,200 --> 00:30:37,920 Do it soon. I don't know the exact I I think 609 00:30:37,920 --> 00:30:39,800 I it may even be like June 3rd so. 610 00:30:39,920 --> 00:30:41,680 Yeah, and what's coming up? It's coming up. 611 00:30:41,680 --> 00:30:44,200 You know, 'cause I had to spend the weekend consolidating. 612 00:30:44,200 --> 00:30:47,320 Dude, I had so many wallets and I thought that was going to take 613 00:30:47,320 --> 00:30:49,880 me a while and a lot of money. And you know what? 614 00:30:49,880 --> 00:30:51,520 Bitcoin transfers have gotten way cheaper. 615 00:30:51,920 --> 00:30:54,720 Maybe it's because I did it three days ago before the entire 616 00:30:55,000 --> 00:30:58,160 ecosystem pumped again. So like when puppets were .1, I 617 00:30:58,160 --> 00:30:59,760 was like, fuck it. Like no one's trading ruins. 618 00:30:59,760 --> 00:31:01,480 Like let me like move my stuff around. 619 00:31:01,760 --> 00:31:03,880 So my fees were minimal actually. 620 00:31:03,880 --> 00:31:06,880 Like remind me of like ETH. It was like Ethereum fees to 621 00:31:06,920 --> 00:31:09,520 transfer ordinals and like burn ruins, etcetera. 622 00:31:10,280 --> 00:31:14,200 But yeah, June 8th, June 8th, Junius is the deadline to claim. 623 00:31:14,520 --> 00:31:18,680 So you if you had the the actual ordinal of the rune pops, you 624 00:31:18,680 --> 00:31:22,200 have to do this or you're going to lose your money. 625 00:31:22,440 --> 00:31:25,440 OK, So make sure you do that. But overall, it was good to see. 626 00:31:25,560 --> 00:31:29,480 It was good to see Ordinals also have a balance, Tyler, you know, 627 00:31:29,480 --> 00:31:30,960 seems like puppets kind of bottom there. 628 00:31:31,280 --> 00:31:33,720 Let me pull up D Gen's here. But seems like we kind of 629 00:31:33,720 --> 00:31:35,000 bottomed on the ordinals thing here. 630 00:31:35,000 --> 00:31:37,480 What do you think? I think you have to think that 631 00:31:37,480 --> 00:31:41,440 if the runes are going to level up here that we see some flow 632 00:31:41,440 --> 00:31:47,040 back to the the NFTS and they still like the big four in, in 633 00:31:47,040 --> 00:31:50,120 ordinal, still feel like fairly safe bets. 634 00:31:50,640 --> 00:31:52,720 And especially if you compare them to some of their ETH 635 00:31:52,720 --> 00:31:54,920 counterparts. And the big four, again, no 636 00:31:54,920 --> 00:31:58,800 monkeys, Bitcoin puppets, Quantum cats and O&B that 637 00:31:58,800 --> 00:32:00,720 they've effectively just been jostling around and they've all 638 00:32:00,720 --> 00:32:02,600 been going down quite a bit. But we're up. 639 00:32:03,080 --> 00:32:09,280 Puppets up 60% off the bottom, nodes up 2020%, cats up 2030% 640 00:32:09,280 --> 00:32:12,000 off the bottom. So some nice movement. 641 00:32:12,000 --> 00:32:14,320 We need to see more than a couple of days before we really 642 00:32:14,600 --> 00:32:16,600 call this, call it the bottom's in. 643 00:32:16,760 --> 00:32:20,480 But if groups keep pumping, then I think we're I think there's a 644 00:32:20,480 --> 00:32:21,600 good chance that the bottom is in. 645 00:32:22,200 --> 00:32:24,400 Yeah, that's nice. Mando, you didn't, was it you? 646 00:32:24,440 --> 00:32:27,000 Were you the the whale that that swept the puppets or what? 647 00:32:29,040 --> 00:32:31,440 I know you like the puppets. I didn't. 648 00:32:31,600 --> 00:32:33,200 I didn't. That was. 649 00:32:33,920 --> 00:32:35,760 Yeah, it's now it's much easier to trade them, right? 650 00:32:36,920 --> 00:32:40,680 It is as in Magic Eden. I like you can. 651 00:32:40,680 --> 00:32:43,880 You can trade them now. I think that runes are going to 652 00:32:43,880 --> 00:32:46,640 come back. I don't think anyone called the 653 00:32:46,640 --> 00:32:48,760 death of the death of runes it was. 654 00:32:48,760 --> 00:32:50,400 Just oh, I saw, I saw a few crazy. 655 00:32:50,400 --> 00:32:53,200 Expectations. I saw a few, I, I, you'd be 656 00:32:53,200 --> 00:32:55,040 surprised. You'd be surprised. 657 00:32:55,040 --> 00:32:57,320 I saw a few deaths of ruins. Yeah, yeah, yeah, yeah, yeah. 658 00:32:57,320 --> 00:33:01,720 I because I I dabble a bit in that part of CT like I there was 659 00:33:01,720 --> 00:33:03,800 a lot of people actually called the death of ruins. 660 00:33:04,120 --> 00:33:07,400 Like a lot I think crazy expectations going into it, 661 00:33:07,400 --> 00:33:10,960 right? People have still done 100 XS, 662 00:33:11,000 --> 00:33:14,040 you know what I mean? Like like a lot of these have 663 00:33:14,040 --> 00:33:17,120 been crazy trades already and people are looking for another 664 00:33:17,120 --> 00:33:21,280 100 X really on top of that, yeah, Ruins isn't Ruins is going 665 00:33:21,280 --> 00:33:22,920 to be here in a year, you know what I mean? 666 00:33:22,920 --> 00:33:26,520 Like and that normally will mean that everything's going to be 667 00:33:26,520 --> 00:33:30,800 higher if Bitcoin now goes to 150 K like I do think that these 668 00:33:30,800 --> 00:33:35,720 are going to go higher. I think it's just choosing the 669 00:33:35,720 --> 00:33:39,520 winners really. I've been surprised that that 670 00:33:39,520 --> 00:33:43,240 puppets lost out in the culture game to dog. 671 00:33:43,840 --> 00:33:46,400 If I'm honest, I'm. Surprised all the pups and dog 672 00:33:46,400 --> 00:33:48,880 thing honestly that was my. Obviously I voted my wallet and 673 00:33:48,880 --> 00:33:52,360 I lost their but. But a couple of thoughts. 674 00:33:53,520 --> 00:33:57,320 The Anson thing really was kind of, it just suddenly felt 675 00:33:57,680 --> 00:34:01,040 chilly, you know what I mean? And like the wrong people got in 676 00:34:01,040 --> 00:34:02,800 like all the. Hazel, that was a Black Swan. 677 00:34:03,000 --> 00:34:04,520 That was a Black Swan event for us. 678 00:34:05,680 --> 00:34:08,239 It was good why it lasted though, but we didn't sell. 679 00:34:09,520 --> 00:34:12,040 Across the culture, the game here. 680 00:34:12,040 --> 00:34:15,120 But do I think do I think pups could could go back to all time 681 00:34:15,120 --> 00:34:18,000 high Yeah, very easy. I think it takes a bit more 682 00:34:18,000 --> 00:34:19,280 time. I think what Tyler said is is 683 00:34:19,280 --> 00:34:21,199 probably right there like this isn't. 684 00:34:21,600 --> 00:34:24,520 I think ordinals and ruins are going to be here in the next 685 00:34:25,040 --> 00:34:30,719 multiple years. And you know, I know it sounds 686 00:34:30,719 --> 00:34:34,719 ridiculous, but like crypto punks, like they go up and down 687 00:34:34,719 --> 00:34:36,320 all the time. And who knows in five years, 688 00:34:36,320 --> 00:34:39,120 like where the where the these things could all be like they 689 00:34:39,120 --> 00:34:41,080 could all build up culture all that time. 690 00:34:41,080 --> 00:34:44,679 Like who who actually knows? But like there's definitely a 691 00:34:44,679 --> 00:34:47,520 world in a year's time where Bitcoin puppets are a lot 692 00:34:47,520 --> 00:34:50,360 higher. The tokens I'm less certain 693 00:34:50,360 --> 00:34:53,080 about, but the I think the the ordinals I'm I'm I'm super 694 00:34:53,080 --> 00:34:55,560 bullish on so. Yeah, I wouldn't worry there. 695 00:34:55,560 --> 00:34:56,880 It's true. You should have seen it though. 696 00:34:56,880 --> 00:34:59,720 It was like the death of ETH NFTS but all over again for like 697 00:34:59,720 --> 00:35:02,240 ruins and ordinals last week when like pups hit like .1 698 00:35:02,720 --> 00:35:06,080 nearly went sub that it was like people were dancing on their 699 00:35:06,080 --> 00:35:07,200 grave. I mean, Tyler, what do you, what 700 00:35:07,200 --> 00:35:09,520 do you think of that? Well, maybe we needed that. 701 00:35:09,520 --> 00:35:12,440 So I think a part of the problem with pups is, well, hey, like so 702 00:35:12,440 --> 00:35:14,720 many of the pups, like they came from zero, like anyone could 703 00:35:14,720 --> 00:35:18,440 have bought these for for next to 0 when they first minted and 704 00:35:18,440 --> 00:35:22,920 they were the underdog story and then people latched on to that 705 00:35:23,000 --> 00:35:26,400 and then they started getting the air drops, which was great. 706 00:35:26,400 --> 00:35:27,840 You know, they had the strongest community, they had the 707 00:35:27,840 --> 00:35:31,160 strongest culture and they and some and Arthur Hayes thing 708 00:35:31,160 --> 00:35:32,680 happened and they were no longer the underdogs. 709 00:35:32,680 --> 00:35:35,240 Like they, they were the the clear favorite and leader. 710 00:35:35,600 --> 00:35:37,720 And in some ways they started kind of dunking on other 711 00:35:37,720 --> 00:35:39,120 collections. And that's not everyone, but 712 00:35:39,120 --> 00:35:41,800 that was kind of an aspect of how it played out. 713 00:35:42,240 --> 00:35:46,520 And the the meme wasn't as cute when they were like the number 714 00:35:46,520 --> 00:35:49,200 one dog at a, at a $900 million market cap. 715 00:35:49,200 --> 00:35:52,000 And maybe that's narrative falling price action, but they 716 00:35:52,040 --> 00:35:55,640 they kind of needed this this arc to go back down to become 717 00:35:55,640 --> 00:35:59,720 perhaps the underdogs again. What I will say, I don't know. 718 00:35:59,720 --> 00:36:02,400 I don't see the puppets on the timeline quite as much as I did. 719 00:36:02,520 --> 00:36:05,000 Like, I feel like they they were the ones kind of driving a lot 720 00:36:05,000 --> 00:36:07,040 of the the meme coin chatter. They were kind of in all the 721 00:36:07,040 --> 00:36:10,800 circles back in late Q1. You hear that puppet? 722 00:36:11,360 --> 00:36:13,600 You hear that puppet? Let's go, let's go. 723 00:36:13,600 --> 00:36:17,760 Let's, let's, let's bring World Peace again to to the timeline. 724 00:36:18,320 --> 00:36:24,400 Let's let's get let's get, let's get that World Peace get back up 725 00:36:25,040 --> 00:36:31,000 and and that energy in the in the in the on the, in the 2X. 726 00:36:31,000 --> 00:36:33,240 Anyways, the other thing that you talked about that I kind of 727 00:36:33,240 --> 00:36:35,000 want to double down on quickly here is pack. 728 00:36:36,320 --> 00:36:38,040 I I, I tweeted about a few times yesterday. 729 00:36:38,040 --> 00:36:40,240 Of course, like I get to to to participate. 730 00:36:40,240 --> 00:36:42,560 It was like double the points, I think, or triple for like the 731 00:36:42,560 --> 00:36:43,880 first two hours, which is awesome. 732 00:36:43,880 --> 00:36:45,120 We're on the leaderboard. We're there. 733 00:36:45,120 --> 00:36:47,720 Tyler, you you're up there. Tyler is up there. 734 00:36:47,800 --> 00:36:53,160 He's right there number six. Golly, Jesus, a lot of familiar 735 00:36:53,160 --> 00:36:56,120 faces on that board. And so look at this. 736 00:36:56,400 --> 00:36:58,520 I'm ahead of Jerem Powell of blast. 737 00:36:59,440 --> 00:37:03,280 Love that. But dude, honestly, like I 738 00:37:03,280 --> 00:37:06,320 really find this fascinating. Like what do you, what do you, 739 00:37:06,320 --> 00:37:07,840 what do you, what do you think of all this? 740 00:37:07,840 --> 00:37:11,000 Like it's the way they came out with V2 where like you have the 741 00:37:11,000 --> 00:37:14,320 creators that can earn for creating content that has like 742 00:37:14,520 --> 00:37:16,880 dollar sign pack, I think, or pack one, whatever. 743 00:37:17,840 --> 00:37:20,280 And then you can be a validator for holding over what 10,000 744 00:37:20,280 --> 00:37:21,880 pack tokens and think that's what it is. 745 00:37:23,080 --> 00:37:25,680 And then each like so let's say for example, let me show you the 746 00:37:25,680 --> 00:37:29,680 back end of my profile. Like you know, this is people 747 00:37:29,680 --> 00:37:33,520 that are validators liking my post about pack, right? 748 00:37:33,520 --> 00:37:37,160 That's what it is 'cause if you click here, it's this one and 749 00:37:37,520 --> 00:37:39,440 and I get to earn coins for this. 750 00:37:39,440 --> 00:37:41,000 What do you think like of this rollout? 751 00:37:41,000 --> 00:37:44,880 I thought it was great. Yeah, let's just all back up and 752 00:37:44,880 --> 00:37:47,000 just explain it and then we'll go into some of the details. 753 00:37:47,000 --> 00:37:50,440 So yesterday PAC Moon officially rolled out its V2 with its 754 00:37:50,440 --> 00:37:53,240 social validator concept. With this social validator 755 00:37:53,240 --> 00:37:57,200 model, creators tweet about PAC Moon validators like those 756 00:37:57,200 --> 00:38:00,480 tweets from the creators. Creators earn points based on 757 00:38:00,480 --> 00:38:03,840 how many validators like the post, then how much pack those 758 00:38:03,840 --> 00:38:06,320 validators hold. So it is weighted and then 759 00:38:06,320 --> 00:38:09,160 validators will split their daily point allotment based on 760 00:38:09,160 --> 00:38:12,360 how many creator point posts that they do like. 761 00:38:12,360 --> 00:38:16,320 So to be a validator you have to hold 10,000 pack to be eligible 762 00:38:16,480 --> 00:38:19,040 and then as a creator you basically want the the largest 763 00:38:19,040 --> 00:38:23,760 pack holders to close. Like OSF, big money is up for 764 00:38:23,760 --> 00:38:26,200 grabs. So each month $1 million of 765 00:38:26,200 --> 00:38:30,080 tokens will be airdropped, 70% of those going to the community. 766 00:38:30,280 --> 00:38:32,440 Based on these points accumulated. 767 00:38:32,560 --> 00:38:35,520 I think the other interesting aspect here is the incentives to 768 00:38:35,520 --> 00:38:39,520 become a validator. So while 75% of that community 769 00:38:39,520 --> 00:38:43,080 AirDrop goes to the creators, 25% is going to the validators. 770 00:38:43,320 --> 00:38:45,720 So right there you have a nice little incentive to try to boost 771 00:38:45,720 --> 00:38:49,240 up to that 10K pack threshold if you aren't already. 772 00:38:49,520 --> 00:38:52,680 I think a few other interesting aspects of and why it could be 773 00:38:52,960 --> 00:38:57,840 rolled out for other community tokens is it takes onus off of 774 00:38:57,840 --> 00:39:00,680 the core central team and now into the community. 775 00:39:00,880 --> 00:39:03,640 It allows for true community favourites to emerge on this 776 00:39:03,640 --> 00:39:06,680 leaderboard and they've effectively built a model that 777 00:39:06,680 --> 00:39:08,280 could be copied and and rolled out. 778 00:39:08,320 --> 00:39:09,920 So it's kind of an interesting one to watch. 779 00:39:10,720 --> 00:39:13,280 No, definitely. I, I really like it a lot. 780 00:39:13,280 --> 00:39:15,520 I actually told my team to pay attention to what they're doing 781 00:39:16,000 --> 00:39:20,160 because I thought like out of all the social fine integrations 782 00:39:20,160 --> 00:39:24,920 we've seen so far, like so many of them have been spammy and 783 00:39:24,920 --> 00:39:28,120 weird and like pushy, you know, something like this that comes 784 00:39:28,120 --> 00:39:31,000 out and that's has a good vibe to it too. 785 00:39:31,000 --> 00:39:33,040 Like the whole pack moon thing, like it's a good at this stage 786 00:39:33,040 --> 00:39:35,680 because they've had Four Seasons, right for V1 and all of 787 00:39:35,680 --> 00:39:38,720 them had like bullish on logs and this discharge looking bad. 788 00:39:38,720 --> 00:39:40,880 I mean, Amanda, what do you what do you think of pack here, dude? 789 00:39:40,960 --> 00:39:42,360 And we've talked about it a little bit. 790 00:39:42,640 --> 00:39:45,280 You were saying on the show also like your blast exposure was 791 00:39:45,280 --> 00:39:47,720 through pack moon. I know OV's obviously really 792 00:39:47,720 --> 00:39:50,120 really big in that eco but. It's. 793 00:39:50,960 --> 00:39:54,120 Looking good. Good, good coin, good team. 794 00:39:54,480 --> 00:39:55,880 I don't think it's your classic meme coin. 795 00:39:55,880 --> 00:39:56,840 I think it's. No. 796 00:39:56,880 --> 00:39:58,960 It's like these culture culture coins. 797 00:39:58,960 --> 00:40:01,040 We've been, yeah. I don't think it's a meme coin. 798 00:40:01,880 --> 00:40:05,360 Feels more like a social fight experiment in some ways. 799 00:40:05,920 --> 00:40:10,040 I, I think it's nice. I think in a in a let's say we 800 00:40:10,040 --> 00:40:13,040 have a second AirDrop world, I think it would also probably do 801 00:40:13,040 --> 00:40:15,040 well with gold distributions in the future. 802 00:40:16,160 --> 00:40:20,840 Like, I don't think this just like dies after after the the 803 00:40:21,000 --> 00:40:25,040 the the blast AirDrop. So yeah, I like it. 804 00:40:25,320 --> 00:40:27,720 I like it. We like the only the only thing 805 00:40:27,720 --> 00:40:31,800 is it's the FTV, right? It's it's, it's although it's 806 00:40:31,800 --> 00:40:33,880 50, it's 150. Yeah, right. 807 00:40:34,400 --> 00:40:36,640 And they do. FTV sorry. 808 00:40:38,120 --> 00:40:40,360 I think that's that's the one thing I would say it's like it 809 00:40:40,520 --> 00:40:43,840 is predicated on future awards. Yeah. 810 00:40:44,520 --> 00:40:49,360 So you have to be aware that if that diminishes what keeps 811 00:40:49,360 --> 00:40:54,920 everything going because it is, it is really like it's built 812 00:40:54,920 --> 00:40:57,960 upon future supply being used to incentivize people. 813 00:40:59,040 --> 00:41:02,320 So, but that's maybe not a question for right now. 814 00:41:02,320 --> 00:41:04,520 I just, I'm just that's, that's kind of what I think it's like 815 00:41:04,520 --> 00:41:05,360 you. It's not one of these coins 816 00:41:05,360 --> 00:41:07,760 where you don't have to look at FTV because I think FTV is very 817 00:41:07,760 --> 00:41:09,760 important for this because you have to think what is the end 818 00:41:09,760 --> 00:41:11,800 game after that. But yeah. 819 00:41:12,760 --> 00:41:16,320 Did you guys just see this? Go ahead, Go ahead, Tyler. 820 00:41:16,560 --> 00:41:19,360 A couple of thoughts. So one, so we've already seen 821 00:41:19,360 --> 00:41:23,640 the the three three version from Frintex start to to get applied 822 00:41:23,640 --> 00:41:28,280 to this with like for like folks are just like shamelessly 823 00:41:28,880 --> 00:41:31,400 plugging themselves and saying, I'll like your post if you like 824 00:41:31,400 --> 00:41:33,280 mine. So that's a little bit of a of a 825 00:41:33,280 --> 00:41:36,720 risk to the this core, like the ethos of this model. 826 00:41:36,720 --> 00:41:39,040 I thought that was interesting, but I think the larger point is 827 00:41:39,240 --> 00:41:42,320 there. There's so much money on blast, 828 00:41:42,320 --> 00:41:45,040 there's so much ETH on blast and it doesn't feel like many of the 829 00:41:45,040 --> 00:41:48,560 whales are are really ready to deploy it into these tokens. 830 00:41:48,560 --> 00:41:51,720 I mean, PAC moon is basically the only token that's had much 831 00:41:51,760 --> 00:41:54,000 success, reached a 10 figure market cap. 832 00:41:54,000 --> 00:41:56,240 I mean, it's at 50 million, a 150 million FTV. 833 00:41:56,240 --> 00:42:00,240 So that's pretty high. But I mean, other than like OSF 834 00:42:00,240 --> 00:42:03,400 and the and the OG general, like I can't even name whales who 835 00:42:03,400 --> 00:42:06,240 have really deployed a ton of capital into this token 836 00:42:06,240 --> 00:42:09,000 publicly. And I guess this close to TGE 837 00:42:09,400 --> 00:42:12,000 and with the expectations of how big this AirDrop is going to be, 838 00:42:12,000 --> 00:42:13,760 I'm, I'm a little surprised we haven't seen more. 839 00:42:14,160 --> 00:42:15,360 Yeah. Take. 840 00:42:16,160 --> 00:42:19,080 Yeah, no, I agree, but someone has to build a framework, right? 841 00:42:19,080 --> 00:42:22,000 And I think that them being that like, I wouldn't be surprised 842 00:42:22,280 --> 00:42:24,680 like that more people, companies coming out and using what 843 00:42:24,680 --> 00:42:26,640 they're using. Anyways, I I know the news. 844 00:42:26,680 --> 00:42:28,120 I I got to talk about this for a second here. 845 00:42:28,120 --> 00:42:31,240 I didn't realize because I just saw this in the chat, but it 846 00:42:31,240 --> 00:42:32,960 came out like one minute before show started. 847 00:42:33,440 --> 00:42:37,720 Did you now I know why turbo pumped and I don't want to hear 848 00:42:37,720 --> 00:42:40,480 that it was because the artist has been pushing on other 849 00:42:40,480 --> 00:42:42,640 platforms and stuff. I don't want to hear anything 850 00:42:42,640 --> 00:42:45,720 anymore. It's launching on Binance with 851 00:42:45,720 --> 00:42:47,760 futures. It was announced this morning. 852 00:42:48,760 --> 00:42:52,600 You're I don't like this is like you're timing inside like this 853 00:42:52,600 --> 00:42:54,520 is like there is that's why I was wondering. 854 00:42:54,560 --> 00:42:59,200 I know no one in turbo no red. He's a good guy. 855 00:42:59,360 --> 00:43:01,480 Actually he was on stage with these circumstances. 856 00:43:01,480 --> 00:43:04,800 So this is not red like these are like these people don't have 857 00:43:04,800 --> 00:43:07,200 any control on this. Amanda, you're muted. 858 00:43:07,680 --> 00:43:11,080 This is we were all wondering who the fuck was buying this. 859 00:43:12,360 --> 00:43:15,440 Maybe they got a market maker then who who could do something 860 00:43:15,440 --> 00:43:18,040 like this. But you've seen you've seen DVW 861 00:43:18,560 --> 00:43:20,080 on the timeline for the last week, right? 862 00:43:20,800 --> 00:43:23,880 Just read, read out some of like it it. 863 00:43:24,120 --> 00:43:27,440 These guys, they're all they really this, this is the move. 864 00:43:28,520 --> 00:43:33,760 Look at this. OK, So on May 21st, OK, your 865 00:43:33,760 --> 00:43:35,800 timing insiders had nine days to accumulate. 866 00:43:36,280 --> 00:43:38,960 No, sorry, they had all this time accumulate and it was nine 867 00:43:38,960 --> 00:43:40,800 days ago. They they rented up to $600 868 00:43:40,800 --> 00:43:44,600 million / 9 over the period of so nine days ago to May 21st to 869 00:43:44,640 --> 00:43:47,280 May 28th. So they rented up to 600 mill. 870 00:43:47,760 --> 00:43:50,200 Obviously on the news it turbo dumped, I mean, still above, 871 00:43:50,240 --> 00:43:52,880 it's still above $400 million. But this, this is wild. 872 00:43:52,880 --> 00:43:57,120 Like this is like there like this is like it's like in it's 873 00:43:57,160 --> 00:43:58,680 obvious, like it's like out there. 874 00:43:58,680 --> 00:44:01,240 No. Yeah, I mean the the the, the 875 00:44:01,240 --> 00:44:04,440 whole and I'm missing shock right right now. 876 00:44:05,000 --> 00:44:07,880 I I shouldn't be I I didn't know the whole during that whole 877 00:44:07,880 --> 00:44:10,280 pump, two things. I didn't know a single person 878 00:44:10,360 --> 00:44:13,560 who was buying or trading turbo or talking about it. 879 00:44:13,600 --> 00:44:16,600 And and two, no one could explain why it was happening. 880 00:44:16,920 --> 00:44:20,080 I mean, usually, like we can all create a narrative around why 881 00:44:20,080 --> 00:44:23,120 these things are pumping and and no one could come up with 882 00:44:23,200 --> 00:44:25,440 anything. And like I was posting about Sam 883 00:44:25,440 --> 00:44:28,640 stats was posting about it. I didn't see any half decent 884 00:44:28,640 --> 00:44:29,520 reply on that. We know. 885 00:44:30,680 --> 00:44:36,160 Dude, that it's that is honestly that is like probably worse than 886 00:44:36,160 --> 00:44:38,120 all the celebrity stuff people all get mad about. 887 00:44:38,360 --> 00:44:40,960 I'd rather get front run 400 grand dumped on me by a 888 00:44:40,960 --> 00:44:43,880 celebrity than like this is wild. 889 00:44:44,440 --> 00:44:48,640 And now I do wish I knew fuck or that was that was in it. 890 00:44:48,840 --> 00:44:51,680 But I was wondering, you know, Melissa's awesome. 891 00:44:51,680 --> 00:44:53,920 She was like, look at YouTube. There's a campaign going on 892 00:44:53,920 --> 00:44:56,080 YouTube. I'm like, but why is it $600 893 00:44:56,080 --> 00:45:00,000 million, right? Like, wow. 894 00:45:00,240 --> 00:45:05,640 Well, congratulations. So I was on this this panel on 895 00:45:08,760 --> 00:45:13,360 Tuesday at the NFC conference. And it was asked to us by the 896 00:45:13,360 --> 00:45:18,080 host who was like, do you think AI and meme coins could like get 897 00:45:18,120 --> 00:45:21,280 come together at some stage? And said Bourget, who sitting 898 00:45:21,280 --> 00:45:24,280 next to me was like, yeah, like I really do think that one day 899 00:45:24,280 --> 00:45:27,760 we'll have a meme coin which is like created by the AI and and 900 00:45:27,760 --> 00:45:29,680 it will probably go at all time highs. 901 00:45:29,680 --> 00:45:32,520 And I was like, he doesn't know about Turbo. 902 00:45:32,640 --> 00:45:35,720 But it's interesting that like that is a good story. 903 00:45:36,160 --> 00:45:39,520 Like it it could be an increasingly cool story in the 904 00:45:39,520 --> 00:45:41,440 future. And I just thought that that it 905 00:45:41,680 --> 00:45:43,760 was an interesting take by him for somebody who didn't know the 906 00:45:43,760 --> 00:45:47,000 token was looking for that as a token. 907 00:45:47,680 --> 00:45:50,640 So I do think maybe this thing could keep on going. 908 00:45:51,160 --> 00:45:55,800 Like it's got that sort of normie thing to it that people 909 00:45:55,800 --> 00:45:58,080 like the story, and I think that's where people liked it to 910 00:45:58,080 --> 00:45:59,320 start. So I'm not that bearish. 911 00:46:00,880 --> 00:46:02,920 No, I'm not bearish. I'm just, I just love how on the 912 00:46:02,920 --> 00:46:05,000 timeline, like every time I post the charts, like, why is this? 913 00:46:05,000 --> 00:46:07,640 How is this happening? And like everyone was like, oh, 914 00:46:07,640 --> 00:46:10,920 because of the cute little toad. Or look at what they're doing 915 00:46:10,920 --> 00:46:13,320 with the art, bro. Like art does not send the coin 916 00:46:13,320 --> 00:46:14,800 to seven. I think like people need to 917 00:46:14,800 --> 00:46:18,280 start realizing like art does not like your NFT drop, does not 918 00:46:18,280 --> 00:46:21,480 send a coin to $700 million like that. 919 00:46:22,320 --> 00:46:24,640 Like Mando runs a fucking coin. Like look at how hard he's 920 00:46:24,640 --> 00:46:26,680 working. It's like you're seeing the guy 921 00:46:26,680 --> 00:46:29,480 do it every day. Like, like even your favorite 922 00:46:29,480 --> 00:46:32,080 celebrities, even if an A Lister came to them tomorrow, they 923 00:46:32,080 --> 00:46:33,880 couldn't send a coin to $700 million. 924 00:46:34,360 --> 00:46:37,320 Seriously. Like this is like, wow, that's 925 00:46:37,320 --> 00:46:38,920 awesome. Well, look, looks like we missed 926 00:46:38,920 --> 00:46:44,360 a dip to buy if anything, Mando, because that thing went down on 927 00:46:44,360 --> 00:46:48,440 the news, went to let's find it right there. 928 00:46:48,440 --> 00:46:54,560 So around 6:45 AM today, oh, look at that. 929 00:46:54,560 --> 00:46:56,000 Three hours before the news came out. 930 00:46:56,000 --> 00:47:01,080 Even so before the news even came out, it was dumped down 931 00:47:01,080 --> 00:47:04,560 here to this level. I don't know what, what market 932 00:47:04,560 --> 00:47:08,880 cap that puts it at, but it's much, much lower than it is now. 933 00:47:08,880 --> 00:47:13,280 It's like what, three, 402, fifty, $300 million. 934 00:47:13,280 --> 00:47:16,600 So, so that's, that's interesting. 935 00:47:16,600 --> 00:47:18,520 That's, that makes a lot of sense now. 936 00:47:18,520 --> 00:47:21,080 Well, case, case closed, we figure it out. 937 00:47:21,520 --> 00:47:23,680 We now know why turbo went to 700 million. 938 00:47:23,680 --> 00:47:26,080 There was an insider pump because they knew it was going 939 00:47:26,080 --> 00:47:29,000 on Binance shit, I feel I feel liberated right now. 940 00:47:29,080 --> 00:47:32,520 All right, there's that and then and then the other question I 941 00:47:32,520 --> 00:47:35,040 had that I want to go back to before we close up, we shut off 942 00:47:35,040 --> 00:47:37,320 here Biden. So there was the news from the 943 00:47:37,320 --> 00:47:39,520 block, which obviously like everybody like have to tread 944 00:47:39,520 --> 00:47:41,400 lightly, like, right, shout out to the block, right? 945 00:47:41,400 --> 00:47:46,360 They're doing some stuff, but it's an it's a it's a it's a 946 00:47:46,440 --> 00:47:49,000 source. That's not stocks like there, 947 00:47:49,000 --> 00:47:51,640 it's an anonymous source, right? It's like could be anything. 948 00:47:52,600 --> 00:47:54,000 And I, I went through the article. 949 00:47:54,000 --> 00:47:55,960 It's like it glosses over it. So we're not sure. 950 00:47:55,960 --> 00:47:59,680 But at the same time, it's not surprising to hear like, oh, 951 00:47:59,680 --> 00:48:02,600 Biden campaign ramps up crypto industry outreach and surprising 952 00:48:02,600 --> 00:48:04,360 tone shift. I have a question for you guys 953 00:48:04,360 --> 00:48:06,640 on the coin side. There is a million Trump coins 954 00:48:06,640 --> 00:48:08,720 like the other day when I posted by Trump and like, what coins 955 00:48:08,720 --> 00:48:11,200 are we buying? I had every single bag holder on 956 00:48:11,200 --> 00:48:14,080 every chain after me. Buy MAGA, buy this buy the ruin. 957 00:48:14,080 --> 00:48:17,040 Buy the soul by tramp by Trump on ETH for Biden. 958 00:48:17,520 --> 00:48:19,800 Is there only Boden? Who's Biden? 959 00:48:20,320 --> 00:48:22,280 Oh, there is. I posted it this morning. 960 00:48:22,280 --> 00:48:25,760 Go go look at the chart. Oh, so they picked the ETH one 961 00:48:25,760 --> 00:48:28,120 over the solana one then because the solana one did not move? 962 00:48:29,400 --> 00:48:31,520 Yeah, it's on the ETH. It's up 8X in the last two 963 00:48:31,520 --> 00:48:36,960 weeks. Interesting. 964 00:48:37,000 --> 00:48:41,920 OK, I did not know there was a no way that there is a there's 965 00:48:41,920 --> 00:48:44,360 an etherium. Oh wow. 966 00:48:45,280 --> 00:48:49,720 Look at this is a wild chart, basically went to zero, like for 967 00:48:49,720 --> 00:48:52,200 folks who aren't seeing it. And then it's, yeah, it's, it's 968 00:48:52,200 --> 00:48:53,560 up 800. Percent. 969 00:48:53,560 --> 00:48:54,800 We bought. We bought the wrong one. 970 00:48:56,000 --> 00:48:58,920 We bought. We bought the wrong Biden. 971 00:49:00,680 --> 00:49:03,840 It has to be the like if you think the Trump token on ETH is 972 00:49:03,840 --> 00:49:08,520 the the leader doesn't isn't that an easy narrative that the 973 00:49:08,520 --> 00:49:11,000 Biden token would be the the easy beta? 974 00:49:12,240 --> 00:49:15,760 Yeah. That's, that's interesting. 975 00:49:15,920 --> 00:49:18,720 OK, that's, that's interesting. I did not know there was an 976 00:49:18,720 --> 00:49:20,800 theorem equivalent. So do you do we think of what 977 00:49:20,800 --> 00:49:22,960 that so the people flocked to ETH over Solana? 978 00:49:25,440 --> 00:49:27,600 Interesting. So we, I mean, we saw Pepe, 979 00:49:27,600 --> 00:49:31,040 right when Pepe ran on the ETF news it, it reinvigorated the 980 00:49:31,040 --> 00:49:33,800 entire ETH. Token Market Odin did not run on 981 00:49:33,800 --> 00:49:36,960 the news. It's actually kind of been that 982 00:49:36,960 --> 00:49:40,200 downward spiral ever since, because they are the Trump coins 983 00:49:40,200 --> 00:49:46,160 have been kind of have been kind of kind of like, you know, 984 00:49:47,760 --> 00:49:50,040 overshadowing it anyways, so that's a that's a good round. 985 00:49:50,040 --> 00:49:51,400 Look, I think we went around the board today. 986 00:49:51,480 --> 00:49:54,440 It was good. We talked to NFTS coins, memes, 987 00:49:55,040 --> 00:49:58,240 majors, news, even CI mean everything. 988 00:49:58,240 --> 00:50:01,080 So so I think that's a good that's a good wrap around unless 989 00:50:01,080 --> 00:50:02,320 there's anything else. I think that was it. 990 00:50:02,320 --> 00:50:04,640 So we'll see y'all tomorrow morning, tomorrow morning, 991 00:50:04,640 --> 00:50:09,080 Friday tomorrow already. Oh my God, wow, the time is 992 00:50:09,080 --> 00:50:13,160 flying last day of May tomorrow, so selling may go away. 993 00:50:13,160 --> 00:50:15,400 So everybody's coming back on Saturday. 994 00:50:15,880 --> 00:50:19,720 So, so, so be ready. So everybody left and everybody, 995 00:50:19,720 --> 00:50:21,120 tomorrow's our last day together. 996 00:50:21,120 --> 00:50:24,160 Just just all of us in June, everybody's coming back, OK? 997 00:50:24,160 --> 00:50:27,160 So make sure you pack your bags before the month of June, OK? 998 00:50:27,320 --> 00:50:29,920 So and let's see what happens with that, with that, with that. 999 00:50:29,920 --> 00:50:32,000 We'll see y'all tomorrow morning, 10:00 AM Eastern 1000 00:50:32,000 --> 00:50:34,320 Saturday time for another episode of Formal Hour on Rock 1001 00:50:34,320 --> 00:50:36,040 Radio. Let's go.