Yo-yo, what up? What up?
Good morning. Good morning, GM.
Oh, yeah. Thursday.
I definitely know what day it is today.
Thursday, January 9th, 2025. Look at that.
Another beautiful day to have a beautiful day.
I got my clothes in the house. Tyler Mando.
Good morning. How you guys doing today?
Well, another day, Bitcoin down another 3% and everything else
down another 20%. It's I went to bed last night
and fartcoin was like looking OK.
I thought, oh, you know, that one may, may actually be the
coin of the, of the resurgence. And I wake up and it's down like
30%. And I was just like, what the
hell happened? I woke up, went to bed, and I
sent everyone the the stoic savage tweet about fart coin
outperforming every coin and I also woke up.
Wait. I woke up to like three.
I was like, Oh no, oh 'cause. Oh, you were asleep already.
I can send it late, right? And I and I and I went to bed
last night and I was like, fuck yeah, my bags are up.
My bags are up. And I woke up this morning and I
sharted. Nothing more.
Brother I had a 10X lock on finance.
I put it on it I had like I had like 40 or 50K in my bones
account. I don't normally do that many
like trades on this stuff but I thought I exact caught the
bottom. I put it on at like nought .95
and then it went up to like 1.1. So I was like oh fuck me I've
like doubled my money this is great and then I woke up all
liquidated. I was like what the hell?
Narrator It was not the bottom. It just good.
I was like, I, I went to bed happy.
Just being like, oh, you know, you did some good.
That was a good trade today. It did look good, like it had
this like bull hammer on the fucking 4 hour.
It's looking good because that deep Wheeler fucking candle, you
know the vibes if you know, you know we got Barstool Sports
momentum. You're like all right, far coin
like I was I last yesterday. I was like, all right, like
market's going like 80 K, but far coin's going like 3 billion.
And I woke up this morning, I'm down another million.
But actually probably I don't even know.
I stopped looking. Tyler, how you doing today?
Yeah, it was better last night too, Like Bitcoin, like the news
came out and Bitcoin didn't really dip that much.
It went from like 95 K to like 93.5.
And then it started rebounding. It was bets like 94.5 and like,
all right, this was priced in already.
Like we're we're we're gonna, we're gonna go up only farting
strong. And then I woke up this morning
and checked prices and said what?
What the hell happened? Check price, bad price, it's all
good. It's just another day in
paradise. So anyways, sit down on the show
today, today market report, obviously kind of already chit
chatting about this. So we'll, we'll, we'll talk
about all of that good stuff, market report, blah, blah, blah.
I do agree. We thought about pricing, but
then I read these, these these bear posts are really, really
good, man. They were like, oh, it's not
pricing. So yesterday night I was like,
fuck, I should short this shit just for fun, and I obviously
didn't. Anyways, my report, Tyler's top
like 2 because like, it's over. She's probably has only two
topics to talk about and then I'm kidding.
It's always something to talk about in bull market.
And then and then Robert Lubbock spins.
So of course someone's going to come in today and win a crypto
punk. I feel it like we're due, man.
Like come on Robit, come on Robit.
How many fucking rugs and red guys are going to keep selling
into blurbits that we keep giving away?
All right, let's give away your pump.
All right, let's go razor. Let's go lucky.
I'm feeling it today. I'm feeling it.
And as usual, this show is powered by galaxies.
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If you get drained, you won't get wrecked man doe.
Yeah, GM everyone. So if that looks like we did
find out what caused this whole sell off and we know we've been
saying that for the last few days like, oh, this feels like a
liquidation. There's nothing really behind
it. No one really knows.
Well, that's the other thing that something happens with
crypto is that people find out information before others.
This information seems to be that the government has 6 1/2
billion dollars of Bitcoin to sell.
I think they've been calf known that they may do something like
that, that Trump may not be able to come in and change that.
I don't know, like Trump's, Trump's in in 11 days.
So maybe they maybe they've already, let's talk about them
maybe having already sold it or it's still, it's still to be
sold, but they've only got 10 days to do it if they haven't.
But that took us back to this multi week level of support,
which is 92 1/2. We've hit that.
We hit that just after the election and kind of I've hit
that one one 2-3 about five Times Now.
And that's pretty key for everything I think for that to
hold. If that if that doesn't hold
here, I think it could get a little bit messy.
Lights out. Well, no, no, no.
What I mean is, is that the next level of sport would be 88.
So that is a very key level support.
Interestingly, like we've held it even with all of this.
So that's that's normally a pretty good sign.
What you have seen is all the more risky bits of the market
have a lot of them have like broken their their uptrend.
So like even the winners from the from the AI cycle, things
like Falk coin and and AI16Z, they've kind of like crossed
below. They can like sell signals as
they cross below some of these moving averages and stuff like
that. So it looks as though that side
of stuff is, is looking more precarious than even Bitcoin
over stuff like if Bitcoin goes down to 88 K, like that's 5%.
It's not really that it's not really that scary, but I think
people are very, very aware of this more risky stuff.
And a lot of that stuff has been hammered.
Some of that was not helped by sure over the last 24 hours.
But yeah, like it doesn't feel, it doesn't feel good out there
in the in the crypto meets AI sphere.
Obviously there was a lot of talk of market tops yesterday.
I don't think we're at a market top.
I don't think, I don't think it's it's one of those.
But I do think that I do think, as I've said before, that like
macro is not as supportive as it has been.
But, and honestly, I thought that would really mean that we
would have a bit of like this AI stuff could run while Bitcoin
went sideways or, or even went slightly low.
I thought Bitcoin dominance could come down in this sort of
world, but Bitcoin going down in the way that it has.
And obviously all this Bitcoin for sale just before Trump was
meant to come in and we meant to get this like inauguration pump
has, has definitely dampened that.
And I think people are kind of freaking out on all of this
stuff because a lot of it's up a lot and and yeah, people are
just worried. So I don't know even even now as
Bitcoin's gone back up to 93 K, the AI stuff isn't really
bouncing. I don't know if you guys are
seeing this, but like it's. I mean, it takes time, right?
Yeah. We expect an immediate bounce on
the same minute, like, I don't know.
I just don't know if people are, I don't know.
I need to look at what people are buying right now.
Like it's there's some AI stuff. We're just doing OK and bouncing
OK, but it, it does feel like it's, it's still a little bit
weak out there. Bitcoin I think could easily
bounce back up to like 9596 K here.
But yeah, then then we could then we're going to see if we
really hold this, this 92 1/2 K level again, It does feel as
though a lot of people want that thing to go lower.
The more bullish signs and stuff here is that people are are
calling for a market top and a lot of people are going short.
And I would say that that generally does not happen at the
top. So I don't think this is a a
market top. It just feels like more of a, if
we are going to go, I think it would only be to like 88 K and
then I think we'd RIP back. But but it does feel as though
there's enough fear out there that I would be unsurprised if
we lost that level for a little bit.
Although I said that last time we went down to this level and
we kind of went to that 92 1/2 K level in what on the 30th of
December and then we just kind of ripped back so.
I mean, we've tried we've been fuck, look at this.
I mean 123456 that like it's it's so many times at this
stage. Let me put the daily actually
this chart. I mean we this is like very
strong level being supported seems but see if it holds now I
can go. But this is like this is just
how long we're back at a level from November actually.
So is this consolidation here like we've seen before?
We'll see. Maybe, maybe not.
But if you zoom out, chart looks OK, just that all our other
coins are decimated does. That chart look OK.
I don't know, this doesn't look bad to me.
Does it look back to you? It just looks like it could go
to 88 K and it could bounce. That's all I'm saying.
Like that, that chart looks like it could go lower and still
continues to go higher afterwards, right?
I think you're going to live in that world.
What I would say is that that over the last 24 hours, you have
this obviously this shore stuff where he endorsed fat coin over
LLM. And I would say AI16Z was pretty
is pretty key name for the for the AI sector and for to see
that happen. It's kind of like I think people
are, I've already seen it in the time.
Like people don't like, you know, don't trust these devs.
This is this is going to be NFTS all over again.
It doesn't. Fix this Far Coin fixes this.
Far coin does fix this I would agree, but far coin I would also
say is is part of the meme category and it's not like the
meme category it's been doing that well.
Like when are. You going to join the sideman
though? When are you going to finally
admit that Far coin is the ultimate king of the hill AI
token? When I.
I own a lot of FAR coin. I'm just telling.
Need you to accept. I don't.
Think we're jumping for that either.
Like chill guy if I go down my memes list.
Brother, no, please, please. I don't want to hear.
It do this, let's let's do this. He's already dead.
Chill guy 130 Chill guy 130 Mudang 200 Let's.
Just go to the mirad me, it's easier.
Pop CAT5 I saw at 5:50 today is it. 05/30 damn damn Daniel.
With. How you?
Doing well we've since he held up OK compared to some of the
others. Wait, a whip.
What's been battered though, for the few?
Wait, talking. I went to 2 billion.
Yeah, OK. I went to two billion brother on
the on the Coinbase rumors classic.
Fog is 170. What's?
Oh my God, dude, I got to be careful here because like the
whiff holders are really, really soft.
Like, you mean not say that whiff is down on this show.
We're getting attacked every day.
Brother, we can talk about the fact that all the memes are like
the memes. Please, please.
It's like there's this like trend again on do you know how I
know we're in the bear market? Is this there's this trend again
Mando Tyler where like your boy here not you 2 just me OK?
Every meme coin fucking community is after me for Rook
doesn't talk about my meme oh for Rook is said that my meme
coin is not a fuck you it was Mando but his voice is going
through me on the show so y'all think it's me OK?
What did I do? You did nothing wrong.
It's the people being being being redacted.
Tyler, what's your what's your take here on the market?
What? How does Tyler did it feel?
I have a lot of thoughts. Maybe we pull back to Bitcoin
first. What's interesting here is like,
could this end up being a bullish catalyst where Trump
sees this as like a slap in the face?
Like he's coming in like he's putting stamp on Bitcoin, this
potential strategic reserve, which even in the scenario where
the US wasn't going to buy Bitcoin, like the thought was
they would at least hold the Silk Road.
Like that was the initial of this.
So if the bin admin sells it on the way out, like that's a
pretty big slap in the face and his options are either to
basically just abandoned the plan or like or market buy,
right? Like it's, it's literally just
that those are the options. Who's who's who's doing the
buying in this? That's something I saw haven't
really worked out well. Crypto Caesar baby.
Probably 1. Kids.
Because I felt as though the, the, the, the more bullish thing
was that they just hold the stuff that they owned right.
But but the. Thing we just, we are never
selling, right? No, but I don't know who's the
person going out there and buying this.
Is it the Fed? I don't think the Fed can do
that. There was a, there was a lot of
takes about these guys, like about this whole DOJ thing that
we're talking about. Like it's not like they can just
RIP it. It doesn't work like that.
I got a fun thing. Not only has that been known for
a long time, by the way, the news just dropped.
Apparently that's this whole thing where like this actually
has been like passed like way back like a few weeks ago.
But it's also that they can't just RIP the sale, but in time
for Trump to come in. Like there's a whole thing
around that. Like this is this news is
literally nothing burger. That's being obviously like
naturally, of course, because we're in a big dip and you know
all that stuff. Let me let me try and find it.
Hold on. So I had heard that before that
that they that they can't just sell, but then I've also heard
that they've already sold. Like.
So many good. Things I feel like no one has
any idea like what the actual. You know who would know?
Arkham. Right, Trade is going crazy
about this stuff. Have you seen that axe?
Yeah, Axe is saying it's already sold, right?
It's all already. Sold.
Yeah, Axe are I like, I like his Twitter.
Obviously he's obviously he's a lot, but he's like, he's, well,
I don't know. No, look at this.
The only source of truth is Arkham Intel and this is from 5
minutes ago. The Bitcoin is still in the
wallet. I feel like there should be
evidence like this, right? Like.
So like. Arkham Intel literally is the
only source of truth for this. Yeah.
It's still there. Check the chain baby.
Like, yeah, I I the axe is trying to like, you know, if
even look, he suppose get these engagement.
They're funny and stuff, but like, it's still there.
Like the Bitcoin is there. Is it possible they've lined up
buyers and like it's just like a transfer versus a market dump?
I heard Canary Labs is buying an OTC the whole 6 billion.
But like sailor months. Ago.
Sailor bought in the last couple months like he could raise 6
billion probably. Yeah, guy.
Does this sailor have a blackout right now though?
That's one example of all this. But by the way, how how timely
the theorem foundation sold the top again?
Yeah, they're good. Honesty.
I don't think that the government set like, take a step
back, the government selling Bitcoin is not a bearish thing.
No. Because because it's a one time
thing and then it's. Futon is mine.
It wasn't this the final boogeyman basically other than
like sailor getting right liquidated right like this,
what's the final boogeyman? And now it's almost gone like
we, we just had this with Germany.
Germany sold 2.8 billion. I looked back at the the the
decrypt was talking about it. That's 50% of this.
I mean. Naked when that happened, right?
We've we touched like 50K when that happened?
But then rebound it very swiftly.
We. Rebound it very swiftly.
So I think the point is, is that I don't think this is a medium
term barest thing, but like and I think this 92 K, 92 1/2 K
level holding again. It's a nothing.
Pretty, it's pretty telling. It's a, it's a, it is a holiday
today in the US for the stock market.
So we won't, we won't see. We won't see.
Yeah, we won't see what's going on in in macro.
And sometimes crypto sells off the most when that happens, you
know, like on weekends when this stuff like this because you
don't have anything to like stabilize while the world's not
ending. But NASA closed unchanged
yesterday. The thing is what's going to
happen is we're going to oversell today again and then
we're going to the the the BlackRock.
You're literally giving your Bitcoin a BlackRock for free at
this stage. Like what you know the I'll like
I'll put a call in tomorrow's BlackRock inflows for Bitcoin
loans going to be 350 million billion dollars.
Billion. Million.
Million, sorry, million. I'm sorry, million.
I was confused. So, but rest assured, the
government of Bhutan, the market cap of Bhutan is $3 billion.
They're buying Bitcoin. Yeah.
So, so you know, and if I come in as PM of Canada, I will be
doing a Bitcoin strategic reserve.
So anyways, I guess we're little.
Right, like in 2021, it was late 2020.
January 2021 was when I first built my first Bitcoin position
and I was ecstatic when it dipped.
If. You remember January 2021, it
dipped from 38K to 32K. It was racing to Coinbase to, to
buy it. It's like new generations of
buyers are like are are excited for this or like if you're
planning to like actually start buying in and holding on a multi
year time frame, like you love this and like those people are
out there. Yeah.
For sure this. Is January 2024, which by the
way, sucked like it was just like a nothing burger.
And then January 20. Let's look at all the January's
January on my strand right screen.
Yeah, I am OK, a little pump. But you're talking 21, right?
If you're talking cycles and you have to compare Jan for Jan,
right. So Jan 2021, what was it up?
Oh, it was down. Wait, where is it?
It's here. It was up a bit.
Yeah, you have to go through like the actual individual days.
So like it dipped and then fell back and then jumped back
rather. Yeah, no, this is true.
I mean, it's looking strong here.
As for the meme conversation, if we want to get back into that, I
think there is a large question out there as if this last batch
of memes, like are they just done or like maybe a handful
survived. And I I hate to put people's
bags because like I hate it when people put put my bags but some
of these that are down instead. Why do you not say right now?
By the way, you're right, January 2021 from 42K to 28K,
What are you talking about? What are you being bored and how
Like Moodang Chu guy, they're all down.
Like what this is? Tyler speaking, everybody in the
spaces, this is Tyler speaking. Redirect your complaints to
Tyler. Did it?
I go on. Well, we had to talk about like,
one of the biggest mistakes I made in 2022 was holding my NTS
to 0, right? So like at some point you have
to look at everything and say like, are there new marginal
buyers for this or even if I'm down 75%, is it, is it better to
reallocate that elsewhere, right.
It's like everyone has to have a, has to go through that
process. Just like we did.
Just like we did with with ruins.
Don't take my own advice, but let's just put that one.
Just closed his eyes. There's also that strategy where
you just, you just close your eyes and you don't check prices
for months and you just pray to come back.
It worked for SPX and it works for MLG.
Well, even some banks. Maybe banks will buy your runes
in two months and then. Oh my God, this is so funny from
our One More thing that we'll go to Tyler's top payrolls
tomorrow. Does that matter?
I hope it doesn't matter. This is the thing like crypto
hasn't cared about macro for a long long time.
For many months it felt like honestly and and since probably
August, September, very little cares and then suddenly we
really care about payrolls. Like everyone's a fucking macro
analyst many days dude. That reminds me of of the six
months before that, you know, but it was like, Oh my God, this
is going to be so crazy. And we literally went between,
what was it 70 and 55 K for six months.
So or nine months. So I, I hope it that I hope
people aren't holding out for a payrolls figure I'm.
Definitely not, because I don't even know to this day what the
fuck it means. So I'm not going to be one of
those guys act like like, you know, I mean like I've been
hosting this show for what, 9000 plus shows in the road now with
like arguably some of the best macro analysts in space, you and
Ovi at some point and Tyler joined in.
But like, I, I, I, I I have no fucking clue what you guys talk
about every other Friday we talk about PMIPOIPIDI that I don't.
I'm not going to act like I know I'm a min coin analyst myself,
but one thing is there. I put my Mac macro analyst hat
on here. OK?
Would you call this like a little head and shoulder pattern
on Bitcoin, like maybe we get some up from here forward?
Yeah, that Bitcoin, Bitcoin holding this level is pretty
good, right? Like the US has come in Europe.
Is from here on Bitcoin, not going to lie, just for fun.
Europe is freaked out. This morning we had a little
freaked out. Yeah, I guess as the US, as the
US has come in, we've we've been relatively strong.
Maybe we do go back up to like 95 K, 96 Ki think that that
would be very unsurprising here to to do a move like that.
I I go back and forth on this like when I get those sort of
cell signals on this high on the high and I got it on my means
like a couple months ago and now I hit for literally every single
AI coin. I do think AI is about to go
through a period of chop like this isn't just going to be a be
AV shaped recovery in my opinion.
Now like that a lot of blood to that was a spilt.
And normally that requires a little bit of a yeah.
That, that everything in my mind, every single thing that
points that I point to here is either we go back, we go to 88 K
or we have a chop now. And chop is what I thought it
was going to be before. But now, now we've got the
silver Bitcoin thing happened. Maybe, maybe, but yeah, we held,
we held 92 1/2 K. So maybe, maybe it's just a
chop. But maybe it's.
A liquidation thing and we and we, we're not going to 120. 5:00
What if this is all the chop 100%?
This is starting to look like just zoom out a little bit and
go back to where we were before. Here.
Like this is starting to look a lot like that all over.
Again, right. I agree.
And that period was dreadful like that.
That's what we talked about yesterday, guys, right?
Like that 302 hundred day period or something like six.
It was this we we literally mentioned this yesterday on the
show. I'm starting to feel more and
more like this is this So that was 250 days ish right?
Don't do it to us. I thought we might do this.
And remember, I've said this, I've said this, the chat that we
could be in for a chop. I thought it would be after the
inauguration. I thought the inauguration
actually would be a bit of a pump more recently because of
what happened. And now I just don't even know.
But this points to another chop. To me, honestly, JLP has been my
ease. Like moving into JLP always.
I always say to myself, I should be bigger in that.
I should be bigger in that let. Me tell you when we pump.
Oh. Cast tire on the day today.
Like how this thing is just insane.
Everybody chill. The next full moon is January
13th, followed by the inauguration on the 20th.
OK, we're going to chop until the 13th.
Don't leverage. Don't do dumb shit until the
13th. We're going to full moon
followed by the Trump pump. I personally, my call and I
wrote on timeline yesterday is like, like, I agree with your
chop shit like it's going to be volatility.
Like in in the chop is not like 1-2 K range.
It's like 5K ranges around Bitcoin and February all time
highs. I genuinely mean that.
I genuinely believe we'll see all time high in in in in
February again on the back of Trump coming in.
And, and I think we're going to go now all the way to maybe a
lot of people are saying until March, but with this terrible
like beginning of the month, I, I wouldn't be surprised if we go
all the way to Salomego way, you know?
Yeah, that's. Honestly, what I think
genuinely, I mean. If you're bullish, if you think
there's we're going to have a bullish Q1, like that's
basically that's how it plays out.
There aren't many others. It's one Q2 for me.
Yeah, I I think Q2 is bullish. So like Q2 is what I've really
measured, but like April, yeah, I've half Q2.
I I only know my months and numbers in French.
OK. So that's why I'm thinking.
And with that, Tyler, All right, let's talk about these main
points, all this. Pump this is the final part out
all. Right, you're off.
You're off the show. Plus, we've been talking about
but the top story of the day the US government was cleared to
sell 6 1/2 billion dollars in the Silk Road Bitcoin.
That did 'cause majors to tumble, but they are reversing
Bitcoin back to 93 six. How about that ETS?
They did see their two worst sessions of outflows in weeks
these past two days. We will see how they come back
tomorrow. In lighter news, 2 new companies
added Bitcoin to their balance sheets this week, including
Thumbs Up Media and KULR. They bought they bought
1,000,000 in 20, $1 million respectively.
So more companies are buying Oklahoma Senator Dusty Devers
shout out to Dusty. He introduced a bill to legalize
Bitcoin payments in Oklahoma across agencies, private
companies and individuals. So more states are opening up
the way for Bitcoin in token AirDrop and protocol news.
Bubble maps announced an AirDrop coming as a part of their
rewards program. Bear Chain announced the 127
projects which qualify for their builders program.
Blast, you're just saying what's the last we heard from Blast?
They came back to the timeline. Maybe their their ears were
burning. They teased their mobile launch
and Tokenomic coming later this month.
And then Movement Labs is close to closing a $100 million Series
B funding round led by Coin Fund and Nova Fund.
So a big number there and AI and crypto.
Amanda went there already, folks.
The overall market cap lost another $2 billion on the day.
It's down about four billion from peak.
Most leaders now down 10 to 30%. Virtuals was down 5%, AI 16Z and
Farcorn down closer to 30%. I think they're starting to
rebound a little bit. FAI and XPT down a bit as well.
There were plenty of top movers though.
Pippin up 170%, SPERG up 70%, Solaris, Y&E and Schizo all up
30%. We saw some a few new debuts.
Sola debuted as a voice powered Solana AI assistant that reached
$15 million in its first day. This LLM meme went absolutely
nuts after some Shaw controversy $270 million in trading me.
Last. Night and it went to 140 or so
at peak. I think it's dipped a bit since
then. A few updates.
Virtual's announced a new multi agent asset management system in
partnership with Infinity Ground as they look to build a Society
of agents. AI16Z partnered with Openserve
to help build out agent swarm capabilities.
Story protocol. We talked about them before
that's the IP blockchain. They announced a partnership
with stability AI. Small world showcased its first
autonomous Eliza based agents and then some news this morning
Aegis that the bank list out AI lead is launching an investment
out AI accelerate with a pretty heavy hitting list of advisors.
I think that's going to be 1 to watch.
And then C Defy launched a pre sale for a mystery agent
launching at $1 million. So the gamblers out there, you
want to throw some capital into mystery agent.
You can do that with C Defy. Meme corn majors are down.
They were down about two to 4%. Actually not terrible this
morning when I ran the numbers, Ethan and TS down about 3 to 5%.
We saw Yugosi O Garga announced the first iteration of the other
side metaverse will be persistent this June.
That means no longer event based.
That means ongoing metaverse. That is a big, big step for Yuga
and then the trump digital trading cards went live on
Bitcoin yesterday for for the first time and a few sales held
a .2 Bitcoin floor. So some demand for those Trump
NFTS Trump ordinals, rather. Trump NFTS?
Oh, I'm going to tweet that Trump NFTS Done.
Powered by galaxies, actually. Did they do the ordinals too?
I don't know, I think so I I don't know, but I know they did
all the all the first cars, all all the Trump cars were, were
were galaxies our AKA our show partner.
All right, we have a lot to talk about.
First of all, I did tell you yesterday night that LLM was
going to go higher. You guys all farted me out of my
bags that I've never owned. So don't worry.
It's not like I was going to buy.
It hold up. Yeah, I just had a feeling.
So let's start with that because you you went there kind of mando
with Sean stuff, right? So another reason why I'm so
bullish for four coin is that there's no execution rates,
right? There's no like Shaw of four
coin or like him Gajira of four coin or like anything of four
coin, right? Griffin founder blah, blah,
blah. So this thing was $30 million
yesterday until, if I'm not mistaken, Shaw said that there's
bigger issues to solve in the world with AGI Tyler.
So kind of like went against that token and then decide to
push the other called fat coin. Is that what went down?
Yeah, his first tweet I think was just was not as big of a
deal. He just said like, hey, like the
AGI is coming and y'all are are trading, you know, a chubby
version of a Liza. Like what are you doing right?
But then like later in the afternoon, early evening, he
just, he retweeted someone who posted fat coin and he just said
fat coin, which of course folks took as an endorsement.
That fat coin ran from 5 to 30 million in like 15 minutes.
LLM briefly dumps, but then it became this big like revenge
play. And This is why this, I mean,
this is not an easy market to trade because like when these
vampire attacks and PVPS happen, a majority of the time both
coins end up going to 0 and getting hurt.
Maybe not 0, but they both end up getting hurt because you,
you've, you've divided your, your buyer pools and whatnot.
But in this case it didn't. It galvanized the LLM base this.
Thing went to 50. It's.
Crazy that week. Like look at that.
Put it on the four hours. Look at that.
Look at the Daily. Yeah, so, so the guy who who
runs the Epic Discord or one of the lead mods had talked about
fat coin because actually Shaw's original post mentioned we
should have called AI16Z fat coin.
I think that's what he said. I.
Missed that? Yeah, his original post.
So he was kind of the one who almost came up with it.
Then they created that token it went to and then apparently he
bought some because his, his his wallets are doxed or at least
tracked and and then then tweeted about it.
So very similar to Eliza. Very.
Eliza where like basically supports the vampire attack and
when they have supply basically because I think 50% of fat coin
was sent to. Right, it was.
As well like it's not a good look, but LLM has been pumping
on the back there. I think there's been quite a lot
of hate towards shore today, which to be honest, fool me
once, is not not not the best thing I think to to do a second
time. It's.
Definitely not great and I'm I'm a holder.
I mean, you guys are both AICC holders, right?
Exactly. But I saw that this morning I
was like, oh God, like this could be really bad.
Doesn't help. How does it make you feel,
Tyler? I mean, you're Holder, you
follow the AI stuff. What's your rate on that?
I bought the dip actually. So I've been, I've been hoping
to get to partner status. I I didn't have enough, so I
actually got enough to get it this morning.
Partner status 100,000 tokens. Yeah, 100,000 tokens.
I think that this, this eco and Eliza and their team of devs is
still just too big to ignore. I think it's bigger than Shaw.
We, we had this before I let the Shaw flood the last time flooded
me out of my bags. I had a good position and I sold
it in that in that pull back back in late November.
I I don't love seeing him do this again.
Like that's a fact. And he also did the copy pasta
with someone who said like, I sold everything.
I think the AI met is over. I.
Personally hate that I I hate when when people in high profile
positions do stupid copy pasta tweets because.
The most people don't understand the pasta which.
Exactly. And he and he retweeted it.
So it was a little bit more obvious, but still like people
who aren't familiar with crypto Twitter culture like do not
understand what that is or why you would be doing it.
So I, I never have everybody like that.
It's down more than virtual, right.
So like, I think there is something to be said that it is
seeing a bigger draw down here because of some of his actions.
What if LLM flips AI 16 is the other back of that?
That would be Max Payne. I mean this is the type of shit.
Like I know this sounds insane but that's why I texted you guys
last night because when I saw LLM at 35 million I sent you
guys that and I said Degens should send an LM to $2 billion
LMAO. And I wrote that as a joke
right? And then I think I didn't buy it
obviously but other than that thing went to like 140 mil.
So in hindsight, it was a right call, but like this is a type of
shit that happens in the left curve market.
It's like. It was the perfect setup.
Yeah, they've got a rallying cry.
They've got a target. And also like on these really
red days people, I feel like everyone kind of bands together,
the D Jins rather, And just like they all fire into one coin.
And also on the flip side, there was a lot of hate towards him,
the him because you're a guy, because he tweeted, I made a
million a day, call me banks. But then the token dumped like.
Because he was selling. Yeah, he was.
He was smiling and. Pumping on everyone.
Then he was getting called out saying like yo, this guy pumped
and dumped on people, right? Because he tweeted about the
coin all morning long. Then by the end of the day he's
saying he made $1,000,000. So obviously that means he sold
it, right? But now he looks good because
shit's up to like 110 mil. So you have the two narratives
that oh him is out right because he made his million and now it's
pumping. And then fuck Shaw, which
doesn't come from me, but the narrative like oh like screw
Shaw, let's go against Shaw. So this LM thing has like 2 big
narratives going on for it now. It's like, holy shit.
Yeah. Is it good enough?
Me. No, I just don't even.
Know I don't think so. I don't have any.
I'm just saying like I thought it was funny from the left curve
mindset, like this whole thing going on.
That's why it went from 50 to 100, no doubt about it.
Like now what takes it from 100 to 200?
I guess people. Well, now.
It's easy, keeps on going lower. That's probably what the one. 50
actually. Actually, it took it from 40 to
150. Wow, one.
It's in these spite plays like it's hard for the spite plays
like we're going to run this up, you know, screw over someone
like that's you need a little more than that.
It is funny. I got that's why I when I first
talked like God this is funny. Yeah, it is hilarious they
rented up fucking 200 and. 75% great trade like a.
Buy that dip MOT was at 60 million this morning.
No, this is not as well. So to me, like that's what I've
been pounding my fists on table about this AI shit all along.
It's like execution risk is is really dangerous.
But look like you're right like is my other question to you guys
is and just a question both of you because you're both holders
and you researched this more than me.
You said something about is AICACZ AI16Z maybe bigger than
Shaw? Is it though yet?
Oh yeah. I think if he like resigned or
was kicked out I think it would probably jump 50%.
I don't you think so. Wow.
Review with that because he's the one book like you Mando and
TG were saying on that stream that night like oh the best
you're tweeting a lot about this Mando saying the best marketer
is going to win and you guys kept # like I don't offended
like but. It's not just him, right?
They they have set themselves up and AI16C is actually a ton of
different people. Is it?
I don't know more. It's on payroll like it's, it's
huge, OK. It's not.
He's a league contributor. It's not like ACEO because it's
open source, right? He's probably the CEO of Eliza
Labs. That's probably true, right?
I actually don't know. I don't know.
That could be set up. We'll see.
I mean, I don't think you guys are wrong.
I think this is a great, by the way, Tyler, I think you're right
buying the debt, I think it's going to.
Pull back from all time high like if if you were bullish on
this, you know people just a couple weeks ago were saying how
this could this in virtual could go to 10 billion.
This. Change your mind like this is a
decent entry, right? And maybe it goes low right?
I don't know like it very well could well.
It depends on the right Solana. Yes, Solana also going like
trading like shit. So it's like it doesn't help the
'cause right? Yeah, I, I still think it easily
can. I'm, I'm obviously a big holder
because of that, but I'm just saying it didn't help the whole
of the, the AI space I thought was looking good until that sort
of stuff happened, right? Everyone freaked out and was
like oh God. It does look like the Solana AI
tokens all fell substantially more.
Yeah, they say AI tokens. They did.
Let's see. Let's let's have a look.
Well. Look at AI list, just pull it
in. Yeah.
I think it's red. Like, look at that.
It's so funny. The other thing that's
happening, which people have kind of forgotten about, these
are all also live on Binance perps.
They all got listed at their local tops.
And this is the exact same price action we saw on Fartcoin for
its first few weeks. Like so everyone's shorting it,
no one can go long, and we have a market pullback.
It's like the perfect setup for the first shooters.
I must be done quite a bit on my arc bag here, but this is good
like it's going to. It could have been much higher
than 300, right? Maybe 350?
Arcs actually held up really well compared to the others by.
Yeah. Versus the others, man, that's a
that is good. It looks bottomed out here, so
we'll see. Obviously pay more attention to
that. Because that's a zero bro, dude.
Zero bro. Something like 11 straight daily
red candles or something like that.
Let's not open the goat chart for the sake of Mendo's mental
health. I mean, they're all like that.
But in the middle? Yeah, God.
Open up SO. Like that science, he said.
Seven days in a row. Oh I I saw a DJ news thing
saying it was 11. No, it's seven.
Wow. Oh, sorry, I'm not sharing the
right touch here. Sorry, 7.
They were looking at 4 hour candles.
Regardless, it's down. It's down bad.
I mean, this is the four hour, right?
It looks horrible, but if you last week were bullish when you
listened to remember that show up that Mando you mean it was
you mean and keyboard Marquis Tyler was not there yet.
If you were bullish on the whole sector, you weren't on pull
backs. This is 1 like even if it was
low. The pull back I, I think
basically what I'm what I'm saying here is obviously I'm
super bullish on it. This is what I think will lead
the strength in crypto this whole space.
What I just mean is that I think it probably.
They all look the. Same.
Yeah, yeah. And let's zoom out and talk
about what happened. So two weeks before Christmas,
we, the AI sector hit ten billion for the first time.
Yeah. And that's when like I kind of
went out and said I think we are going to go vertical.
This is going to go to 100 billion.
I think it goes vertical soon. Then it drew down 30%.
It was 7 billion like the next week.
And clearly, like jumped the gun and then it went 7 billion to 17
billion in two to three weeks. Now it's drawn down another 30%.
Yeah, if you look at it like that, it's it's absolutely it.
It's looking golden. If I'm honest.
I think the, the main change there was the the tokenomics
from AI16Z, right? They, they changed it and Zero
Bro changed it. Then all these other companies
are like, hey, we're going to change our flywheel.
We make a better token here. What I what I questioned just
slightly is, is just that that there's just a general risk off
sentiment if, if Bitcoin does hit that 92 1/2 K level again,
But if it not and we and we stand out, then I think it can,
it can, it can chop for a little bit.
Ava had a huge day, right? Didn't have big news come out.
Yeah, they launched their Hollow World Launchpad along with
staking for Ava. I think this is one of the first
products which has the staking component to some of the homies.
Wow, look at this trouble. I actually I was able to to buy
some of this at around 1,000,000 and I did not hold the moon bag
which was. Oh my God.
We are, we're we're basically seeing the way to do it.
Ava is rallying off that. They're a proper team actually
like they've been around in a time.
But the staking launch pool, that's basically what they're is
the market's saying we want that, right?
They wanted the AI16Z change of tokenomics to being a platform.
But next thing they're saying is, hey, we want a lot.
We want a Binance style launch pool for new projects coming on
there of which stakers of the token get access to the new
projects, right? That's what they're that's what
they're saying. I think a lot of them will also
follow that, you know, stake AI16Z get access to new air
drops stake they're they're going to be like at once or
launch pools. That's the next, yes, I, I
totally agree with that. I think the, the, the next risk
that comes with that is once you become an incubator launchpad,
you have to have a few good projects in that first 3, five
to 10. And if you don't?
Look at some of these charts dude.
Right. That's, that's when it becomes
riskier. Yeah.
I, I screwed up on Bully. I I bought some Bully recently.
Because oh wow. But look at this.
They're doley in Launchpad. Look at Noyer like some of these
charts. Amazing.
Like this Ava chart and this Noyer chart?
Noyer's being classified in the D5DD EFAI.
Yeah. Group, which is a hot group,
Anon is leading the way. It's up at 200 million.
I mean, Anon is just marching up that Daniel Danielle Sesta
token. Yeah.
It's it's barely seen any pull backs on a run to 200.
You should make a short list of your AI list which is just a
defy list like DF AI that. That's tricky for me because I
don't know, like what people are, yeah.
It's another fucking that was another thing I find funny.
Like it's like another fucking thing like you have to be
tweeting like the feature of defy.
There's something arbitrage. I'm like, dude, like what kind
of terms are we inventing again here?
Love to be though. The other thing is you.
Know what? I don't think I know that one.
So now all of a sudden, Mendo, there's a new narrative just
dropped. Yeah.
Defy but DFDEFAI. Yeah, of course.
Oh no, I got, I got the perfect. E5I you'll see DDI you'll see
them all. AI it all.
D5 is there anyways Tyler? This is good from the market by
the way, the fact that Bitcoin is how that level and it's.
Oh 94.5. Oh, I have a good balance here.
It's a nice. Very, very good bounce here.
Is there anything I like? I really like a lot of these AI
coins. I'm going to try and look where
I can take some money to put into more AI coins.
Not going to lie, like I'm I like this dip a lot guys.
Here's one to watch, yeah. What's your top five to watch on
this dip? Mendo and and Tyler go.
Go ahead Tyler and then Mendo. Curse your ears as well.
I was just going to tell you to to go take a look at he's at
Eli's is I'm blanking on his name the the bank less AI guy
Ejaz. Yes, he they just announced
this. I'm sending you the the Twitter.
Link by the way he won he's now to come on the show IDM them so
we'll we'll try and get him maybe next week or something be
fine but. His investment AI dials are one
of the hottest things happening and I think the market is
clearly hungry for it. The question is like, what is
the caliber of the team behind it like that?
That's what I look at at least, and this group seems like it's a
damn good. Yet there is no token.
They're going to launch a token with it like that's how these
Dows work. They're basically doing a pre
sale and they're they're telling people to engage and reply to
figure out how you can get in. He's like super bullish on
abstract this time. Tweet yesterday about how
they're going to. Just just go skim through the
advisors on their list and I don't know, you never know like
how what that means exactly. They've got so the dev advisors,
they've got Shaw, they've got the virtuals, they've got SIGAR
right there. They've got a list of investment
advisors, they've got bank lists doing their outreach, which I do
think there's probably a big sector of crypto investors who
who get information from bankless, right.
And if they want exposure and they're in the bankless lead is
pitching this, I think that's something to watch.
And I'm not telling people to buy.
I'm just saying I think it's worth paying attention to.
Aicc token has come in. It's a good name Accelerate.
Interesting. Naming matters.
I guess you know you back to your question of what to pay
attention to. Good question.
I like AI16Z as I mentioned, like I bought.
Look at that, I was putting his ad in the ring.
Love that. There's so much on this one like
this is a you get in on the ground floor of these.
I mean anyone who got on the ground floor of AI16Z is like
like that was the make it trade, right?
Yeah, dude, let's let's, let's talk to egos.
Let's go. Let's rock'n'roll, let's go.
I love that, this is great. Interesting.
This is still going to be the most strongest sector this cycle
for sure. I believe So what?
Do you think about that, man? Did you say that stuff?
I saw this this investment now because I'm in a a chat with
him, but the yeah, I think, I think it's going to remain the
strongest sector. I I don't think you should fade
this sector at all. I do think that it really does
depend if Bitcoin holds that level because I do think you
could be in for some some more pain.
The stuff that I like is the stuff that I've liked
throughout. So I prefer like the stuff
that's his investment advises. Look, it's AICC and Z, it's ARC.
I like both of those projects a lot on the open source, open
source framework side. And I like the memes.
I like Parkland, like Coke. The other stuff I always have
smaller bags in. So I have like I've been in and
out of I own Ava, for example, I have a small amount of that
which has gone higher as it's gone higher.
I have, I have kind of small bags of pretty much everything.
But I would say they're all like under, under, yeah, 30 to 50K
on, on, on a lot of different stuff.
So a lot of that stuff is down. Like I have some of I have some
of alk, I have some of these. These could all go higher
because the thing it's so difficult to tell with these
sort of ones with devs, as I've said to you before, like I've
made more money having very small bags or not very small,
but like having bags with them and seen them run up and just
like always having some exposure.
Like when there's a new AI runner, I generally buy a little
bit of it because I'm just like, generally it's they stick around
a little bit more, particularly if it's like it looks different
to some of the other stuff I've seen.
So I have AI have like a portfolio of a long tail to my
AI portfolio. And I quite like that.
But in terms of the stuff I would buy, like right now, I
don't think AI 60 is EV shapes. That's basically what I'm
saying. If you want to buy a coin, which
right today V shapes, I think that that's like there's a lot
of thought around in today and I think that will take some time
to digest. Although I do think it's
probably the Best Buy long term just because it feels like going
to be so ingrained. And if they do a launch pool
starting like what Ava's doing, Ava's what Ava's doing is great,
but you need, like you said, you need a good you need a good
pipeline of projects that want to partner with you, which Ava,
they have partnered with a few different projects, but AI16Z,
it feels like it's going to have a much, much broader group of
projects that might want to partner with them.
You saw the success. What happened with hyper, right?
Hyperfy. I don't even know a.
Bit now, but. Yeah, people will see that and
be like, right, we should partner with AI16Z.
And now if they can create some sort of flywheel where the the
Dow gets some plus stakers get some in some way, I think that's
pretty. I think that's pretty.
Is that right Hyper? Is that where is it?
OK, OK, then I think that's a pretty good flywheel.
And you might see a bunch of them do that, like Arc may do
the same too, right? So the ones that are like that,
which This is why I like the open source ones because they're
generally going to attract like broader range of projects and
they may be seen as a partner for like the application layer
that that is built upon them. Hey, we've partnered with ARC,
we've partnered with AI16Z to build our cool application.
Stakers get stakers get it. If they're in the launch pool, I
think that's, I can see how those tokens can can, can keep
running actually pretty, pretty high.
And then the memes, like you said that that's the other side
of stuff where it's like limited execution risk in my opinion.
So, but there are few, there are fewer bars I I see of those of
those memes. That's basically where I where I
where I was at, like the broader meme coin space.
They are definitely getting affected by the broader meme
coin space is basically what I'm saying.
FARC coin being 25% down on the day.
I reckon the there is a lot of overlap between broader soul
meme coins and these meme coins. Whereas for these these infra
plays, I actually think a lot of the meme coin traders rejected
them largely they only maybe came into the more recently.
So I think those might outperform sold doing like sorry
AI16Z doing what happened yesterday.
Is is is not great though? Sure, it's going to go settle
down. Yeah, that's so funny.
We'll we'll see where that goes. Listen, love to go over some
more topics, but looks like we're time here.
But there's not that much else going on, right?
So unless Tyler is something I missed, it's like life changing.
No, that that was the mixed stuff.
The code is bear. Hurry up, BEAR.
Bear we. Can talk about when it gets
closer. I think that the other side
metaverse that news was big and I think that's this that's like
a make or break a thing for you. So but.
Tomorrow, let's actually go about it.
Let's actually have a discussion about this tomorrow and how they
can integrate AI into it, I guess, or a bunch of stuff.
But let's talk about this tomorrow.
I'm excited about this AI accelerate thing that you
brought up say man Tyler, I think this is something people
should look into. I like it.
I like it a lot. I I like what they're I like
this. I I think it's really
interesting. We can get E Jazz on the show
and you know.