What up? What up?
Good morning. Good morning, GM Times.
Where's my music at? There we go.
I'm fucking with two times. What up?
GMG Tuesday. August.
Four times. Oh my God I'm so funny. 20/20/24
look at that. Another beautiful day to have a
beautiful day. I got my coast in the house.
Tyler, how are you doing today? Doing great, nice cool sunny
morning here in Indianapolis like 60°.
So remind me the fall. Fall is coming.
Summer chop. Summer over, maybe in a.
Few weeks. So I see you're wearing a
sweatshirt. You're embracing the fall
weather as well. Dude, I haven't worn a
sweatshirt inside my home in months and it's fucking cold
now. The fuck, dude.
Like it's like out of out of nowhere, bro.
Like out of nowhere it became it got it got it got chilly over
here. Well, it's not like chilly
chilly, but I don't know. I've been feeling cold last two
days. I had to go to the steam and
solid last night to keep my body up.
Uh oh, Uh oh. Sure.
It's off. Uh oh, shirts off.
But see, we were almost cracking 61K.
You show up with no shirt on and we're back down.
Oh, really? Yes.
Dude, I've been doing me. I didn't even know where Bitcoin
was. What's up Mando, How you doing?
I'm doing great. You got a haircut, man.
Look at me. Oh my God, no.
I I like when you like leave the whole thing.
You should like, you should get. A Like a rugged bear.
You. You.
Yes. Except.
Yeah. Wait.
Yeah. Well, yeah.
Well, yeah, mine is the bear part, you know, But.
But I feel like you're the type of guy that you could grow a
proper beard. I can't go past this length.
Tyler, can you grow a beard? I've never seen you with a
beard. I haven't tried since I was 18.
I might have to bring it back to work us out of this job.
Maybe in maybe in the winter or maybe we should we should do a
thing on the show like no shaving until like hard to care
or something. But that may never happen.
So anyways, just kidding to the other show today.
That's so funny times like I broke my oh tabs chair broke.
I was like tabs. He sent us a photo of his chair
is broken. Fucking done laughing Anyways,
to the other show today. Today market report as usual.
Let's see what's let's see how we doing how we doing in this
chop city, Chop city baby. And then you know, Tyler's top
100. I'm sure there's a bunch of
stuff to talk about. Then we have a few agree to
agree or disagree. Agree to disagree tweets for
y'all. I think we have three of them
today. Definitely some stuff to talk
about. And last but not least, it is
Tuesday AKA Robit loot box. Loot box spends day baby and boy
oh boy, did I prepare stuff is already selling my loot box.
Are you kidding me? OK.
Dude every punk was gone from the loot box I had to punk
smooth. Hard yesterday.
Yeah, Punk pumped hard yesterday following Ovie's Alien by so you
absolutely love to see that. I'm sure we're we're going to
talk about it. But anyways, anyways, anyways,
without further ado, let's get right into it.
Can you dig it? GMGM everyone.
So we are back above 60 K in the dance that will eventually kill
us all. We have a bit more hope.
Bitcoin is at 60 point 6K. Hallelujah.
ETH is hanging out kind of where it was yesterday.
Solana slightly underperforming. Yeah, just feels Chop City, not
much going on. It's kind of crazy to see what
the timeline does. Every some time we move like
$1000 at the moment, it's like the biggest thing that's ever
happened. We're going straight to 70K or
we're going straight to 40K. Chill out.
It does feel as though macro is still having a very, very good
period. It's been the longest winning
streak for stocks in nine months, I think.
So big, big week. Gold has also been ripping.
It's been a quiet period for for macro.
Like we said, they're we're going to have a, we're going to
have a the Jackson Hole conference this this week.
And stocks have been rallying I think in anticipation that we
might see some, some some rate cut implications.
Generally people just getting more bullish and the dollar's
actually been weakening quite substantially on the back of
that. So the dollar's at the weakest
point I think it's had in about seven months.
So that's also been the bullish, bullish case for Bitcoin and the
bullish pay case for Yeah, look at that NVIDIA chart for.
Me V shape. That's quite AV shape recovery,
huh? What's the time frame?
Three weeks less. Let me get that for you now it's
this was the bottom was Monday, August 5th, not not even that's
15 days that here 15 days for 43% recovery.
Yeah, So pretty, pretty wild. Recovery macro is all doing
really well. It's tough to see crypto go
essentially lower in that environment, even though the
timeline is telling you it's horrific.
But Bitcoin did struggle above 60 K and we're kind of hanging
out around that sort of level in terms of what people are are
doing. We did have a bit of a bounce in
in memes. We had Brett and Pepe both get a
listing on upbeat. Interestingly, we've seen a few
more listings from Binance and upbeat.
So people are getting a little bit more bullish on the on the
listing cycle, let's say. But you saw some of the major
memes all rally on the back of that.
I think Nero on Ethos got a buy bit listing.
And yeah, just a bunch of them, like the actual Tier 1 meme
coins, the ones kind of above 500 million all rallied kind of
10 to 20%. And and some of the mid tier
ones are up like 10 to let's say 30 or 40%.
So a decent a decent move kind of across the board.
And meme coins, although obviously they've been a very
weak period. So you look at those charts and
then it kind of looks like a blip on what has been kind of a
horrific move down. So a bit of a respite you've
seen. Yeah, like I said, Bitcoin was
leading Bitcoin dominance is kind of heading back up toward
58. K Sorry, 58%.
There was some news out overnight which kind of was
known that the SEC had probably blocked the Solana ETF by the
Chicago Board of Exchange. I think it's kind of clear that
we'll the only way that kind of Solana gets an ETF or the most
probable way is via like a Trump presidency, in which case Gary
Gentler is not there. So that being said, there was
some loosely, I wouldn't say debunked, but let's say overly
reported headlines that he could be in the he could be in line to
be the Treasury Secretary. Obviously it was written by very
right wing or a right leaning publication, which also has some
sort of ties to crypto, it seems.
So maybe it wasn't wasn't the the best piece of information,
but that got a lot of headlines, even though there wasn't really
much much to say there in terms of where like shit Corning seems
to be happening. Tell them into another billion
dollars on Tron Tron people are seemingly moving over to Tron
and they're shit coining. You've seen Sundog has hit 160
million, which is I believe the number one meme coin on on Tron.
There was there is talk about them delisting coins.
So any coin that like relates to China over CCP that is instantly
delisting and you can't trade it.
Like if you bought that coin, it's just like untradable, which
is kind of wild. So be careful if you're moving
over there. But it does feel as though
that's where people are are getting involved.
Tron's obviously bounced off the back of that too.
And you've seen, yeah, like a lot of memes on their moves.
So a lot of people who were on the pumped up fund streets have
immediately moved over there. My man on the ground who who has
been trading who gave me the inside scoop on Justin Sons
Turkey. He says it's a lot of them are
China based memes. So like a lot of them are like
memes that you if you're that that they try to kind of do it
on on Solana and it never really worked out.
Like a lot of those are like dominating the the Tron streets.
It feels like. So get over there.
It feels like you're going to have to get a Tron wallet bridge
over from Solana or ETH and then sun swap.
I think is oh, what's the name of the platform again?
I think it's something like that anyway.
I'm not getting under there. Over there.
You're not. Going to get over there.
People are making money, apparently.
But it was the same thing with avalanche green points and it's
the same thing with like, I mean, Tyler has it one of the
degree disagree. So we'll keep that later, but
it's the same thing over and over again, like.
It is, I would say Justin Sun kind of needs this to work as
well. And there's a lot more money on
Tron than. Like all the all the crime is
already washing their money on Tron.
Like it's working very well. Like it was already in
transactions. But that's that's one thing I
would say is also a benefit like there's a lot of money on Tron
right you. Know what it, it, it could be,
it could be a good trade to go PvP against criminals because
they don't know meme coins like we do.
You know, they know they're, they're no crime, but they don't
know meme coins. So we could we could go commit
crime against criminals. Exactly.
Yeah. And who knows if China allows
crypto, maybe maybe Tron's the best play there from the L ones.
Yeah, kind of left curve, I would say there there was a
headline out that that somebody had been hacked for 238 million.
I saw. That kind of unconfirmed it was
seemed to be linked to the Genesis bankruptcy payout, but
some may have been hacked there, which would be one of the
biggest hacks ever of a single wallet.
I think you saw in back to Meme coins, you saw some headlines
that Shaq might be done for his inflation in that in that NFT
project Drift launched a prediction market.
What, Shaq? What?
So like, you know that they were going after all these influences
for shilling NFTS back in the day.
Well, Shaq. Shaq's one may.
May actually. Oh yeah, it.
Might be. I remember there was a decrypt
article about it. I actually wrote about it in my
news later this morning. Yeah, OK.
I think the fact that it was Shaq really caught my attention,
but they they hit Shack's lawyers try to get the lawsuit
dismissed and it's going to move forward for his role in this
Astral's NFT project. Over on Salon, they're saying
that he offered and sold investors unregistered
securities via his role as a project promoter.
The Astral's NFT products. If you don't remember, these
were 10,000 metaverse ready avatars.
They had a token, this Galaxy token, I think interestingly
enough, like this product was going was launching around the
time of the FTX collapse. Shaq was also a celebrity
endorser for FTX. And as this as FTX was
collapsing, I guess he was in the Astros discord typing in all
caps. I'm not fucking leaving.
Yeah, I know he was like pumping the shit out of this collection
because I remember a tweet from him saying like how he's going
to spend all this time building it, whatever.
I know exactly the when I read Astros I remembered exactly what
you guys are talking about. Yeah.
He, he, he fucked himself, right?
Like you can't just tweet stuff like that, right?
There's got to be a line of like, putting your name on
something and then like being in the Discord saying I'm not
fucking leaving, yeah. It definitely wasn't good for
him, but anyway that that happened and then I there was
one, I think, yeah, you got Simon's cat.
You know the the YouTube channel that they're doing a, they are
doing a priest, not a precede a, a token raise tomorrow.
So maybe you'll see a a we're going back to that, that
movement, which is great. There's a pre sale going on.
Yeah, for Simon's cat. Who's Simon?
Simon's cat's like a well known YouTube channel.
I don't spend enough time on YouTube.
You will know this cat like it's like a cartoon cat.
Kind of like the knob style cat all.
Right P I really like the nub reply account.
I I I don't know why they keep getting deleted too.
The main nub account and then nub reply as well.
That was a funny one. It had legs.
It had some serious legs. What's it at now?
Actually, I was still 9 mil tough, but yeah, tough one, all
right. In the salon, I mean, Point
streets, I'm telling you. Yeah.
Bill moving to Tron. Are you buying?
Yeah. Are you guys buying Tron memes?
No. No, I mean I've seen a lot of
people do it and said they were going to make money, but I don't
know if I'm late or if I'm early.
I just don't even know actually, maybe I maybe you should move
some money over to Tron. I just right now I, I saw a
tweet by base 16 Z, which I kind of just kind of agree with,
which is who is buying meme coins above 15,000,000 at the
moment? Like who's that person who comes
in and goes like, I really want to buy that meme coin above 50
million? And if it's because people don't
see like multiples happening, like people don't think they're
going to go to like 50 or 100 million at the moment.
So if we're not doing it, then who's who is doing it?
Oh, I can tell you who must stop Murad and and Oh yes, the cult
coins, all the Colts, all the cult coins are the established
coins with higher market. Caps we got, we got a new we got
a new graphic. We new graphic dropped.
New graphic dropped. He was talking about 100 extra
turns, new graphic coins and I was like, brother, you need 100
X. We we have a new graphic from
what not. When Bitcoin's at 4 million a
coin. I muted him actually yesterday.
I couldn't. I couldn't deal with it.
It's too when a guy who says X Princeton in his in his in his
bio starts giving me diagram diagrammatic explanations about
why if you should buy his bags, it's normally it's normally the
top sign. Ex Princeton.
Yeah. I mean it's kind of like the
people who put like ask Google to launch an FT project and they
worked at a Genius Bar for like 6 months.
It's like all of 2021. Anyways, that's a good market
roundup. Look, Mando showed up without a
shirt, then we've lost 60 K. So thank you.
Reds 59970 right now. No, just.
Want to, you know, big shout out to Matt.
Thank you, Mando. So we're going to pour one out
for the homies. Oh no.
What's? My GLP doing it is what, 26 sold
143? I have no idea what GLP is at.
You tell me. Probably like unchanged 320.
It's like always. Every time I open the GLP price
it's always 320. Always down slightly, down
slightly. It's always 320, but anyways,
there's that you'd love to see it.
So that's a good roundup. We don't have any more figures
and stuff to talk about, so I guess we'll just wait to see
what comes next. All right, Tyler, well, we got a
lot with Tyler and we got some agree or disagree.
So hold those strong thoughts, Mando, because I'm sure we'll go
over that again. Full daily NFT and crypto
analysis. Tyler Dean on FOMO our calls the
kid can. Bring the Bachelor Bears over
starters. We had the crypto majors
rallying this morning up three to 4% across the board.
But as wrote just mentioned, some of those gains being given
back right now, Bitcoin at 60,000.
As Mando mentioned, we saw the SEC, they've got concerns of
Solana being a security. They rejected the 19 B forms
before. Those are the ones required for
the Solana ETS. So those are likely on hold or
delayed. We saw $1 billion of Tether USDT
minted on Tron in the past day as its new meme coin leader
Sundog hits $160 million market cap.
I think another meme, Sun Cat 10X as well.
Tron up 8% on the day, up 17% on the week, and leading alts.
In other news, we saw Bitwise acquire the ETC group.
This enables them to expand into Europe.
So Bitwise going euro, we saw the Democratic National
Committee they rolled out their official platform on Monday
ahead of the DNC 91 page document, no mentions of crypto
in the whole 91 page document. So that was that riled up some
of CT before the the fake somewhat fake Gary Gensler
headline went around. We don't really need to talk
about that. The other news we saw drift
protocol they introduced their prediction market bet they saw
three $100,000 in action on the first day.
Some are already saying it's got more liquidity in the major
markets than Polymarket does. So one to take a look at if
you're in those streets and memes.
Meme coin leaders were up 10 to 30% on the day and a big rebound
we saw the pack moon team confirmed that the army roll out
is happening today. Those army tokens will be
airdropped. Then our friends over at Epic
and lost a hot new extension enabling more pictures of ducks
in any photo maybe me and they can walk us through that later
on. And then at TS MTS mixed across
change the Snowfro O pepens outperform right the Sotheby's
digital art sales, so they have some of the higher bids relative
to the men cost. We saw rec drinks roll out a new
content creators program enabling the earning of drink
points tied to likes reposted content tagging direct drinks.
Liquidium added support for Phantom wallet for its Ordinals
of Ruins lending product. And then we talked about Shaq,
but Shaquille O'Neal facing a class action lawsuit for his
role in the Astros NFT project. So we will see how that one
goes. So that's the round up a little
bit of overlap with Mando's headlines.
Yeah, sorry, I went a bit broader in what I was talking
about, wasn't I? No worries.
It's so dull. Yeah, it's dull.
I mean, what are you going to say about the market we're
chopping? I was like, yeah, we're 60 KA,
then 59 K. You know what's funny though?
Like every two dollar move on salon, like everybody freaks out
like 143 sold people. Like, Oh my God, it's over 146
sold people. Yeah, we're going to 200.
So so it's a good it's something I've noticed anyways.
Tyler, Tyler, Tyler, Tyler, where do we even start here?
There's quite a few things going on.
Oh look at this, 450 eats bait on a a punk.
Love to see that. Should we talk about punks a
little? Bit let's talk about punks.
I'm actually, I've got the sales leader board up.
It's a nice action here in the last in the last day, three rows
of sales. Let's see the sales board up.
I mean, oh, we bought the Alien for undisclosed amount.
Yeah, it's I saw someone, maybe DC investors say like the last
alien punk sells for 4008. Like the market's totally
crickets. We see the lowest salient punk
sale potentially, you know, in years at 1500 ETH and the and
the market starts ripping. But yeah, almost.
Well, that's 3035 sales punks in the last day, notable number,
kind of how things have been. Not bad, we'd love to see. 24.5
ETH and then more folks are starting to roll out the FOMO
and do some tweets. Like I saw multiple people
saying yesterday that you are going to kick yourself for not
having bought a punk. In in this low floor time period
across the last one to two months where I can, where I can
see that, where I can agree with that.
That's actually a decent agree to screen.
I don't have the tweet, but on the agree side, it's like, why
hold ETH? You're going to if you've got 25
ETH, why not throw it in the book?
I don't know, I kind. Of that's a good question.
OK, let's ask you something. 25 ETH, 25 ETH of MOG or crypto
punk. Yeah, and that's different
calculus. I think in the short term, MOG
is like more likely the 2X you're going to get.
You're more likely to see a 2X in MOG, you know, within 2024
than you are in Punk's. And they're down over what's the
day like 60%. MOG is down like 60.
Percent Yeah, it's on hot the last couple days, huh?
Let's ask the let's ask the audience.
Let's just put a poll out, see what they think about about what
they would rather have the cycle.
So the punk anyways, look, you love seeing punks go brew like
this is always really good to see.
There's some really nice sales. Also, like some people like to
shop the forever punks and in this market, like it's also a
very good time. Like if you're someone who
doesn't care about the 2540 ETH average here because there's
some good sales around 40 like this punk, for example, is
beautiful. Like I love the wild whites at
40 ETH with the weather goggles. That's pretty nice.
This one threat guy keeps on selling.
At some point this kid's going to have to buy this one.
You know, it's a it's a nice. I love this one.
Personally speaking. I really liked it on the floor
yesterday with the rosy cheeks and the the pink pink eyeshadow.
But you know, and there's a just a bit that just came in right
now for for for an 8 punk. So go back to the floor.
I'm just saying that the the floor is and there's 20,
basically 25 to 30. Let me confirm that with you
right now. I think it's 24.
Yeah. See this one just got bid on
458. I don't think it gets hit,
though. Yeah.
And then you have you want to see the floor, right?
Yeah. Here here 244965 K.
Yeah, it feels, I know what I'm saying, but there's like there's
like 2 rows to to back to 38th floor.
Yeah. So 25 punks move and you're back
to 30. I think that would probably kick
a little bit of FOMO and I think some people will be kicking
themselves with punks are back at 30 if they missed the dip to
2222 feels much more containable than like 30.
And then when you're back to like 3540, probably out of reach
for a lot of folks again. Yeah, he, it's, it's interesting
one. I mean, Amanda, what do you
think? Would you get a punk in this
area? You still do.
I did look the other day like the the the unique ownership.
It's gone up quite a lot. Yeah, that it has.
There's a lot of because it's been a lot of the claimers
selling like even the welding goggles.
I just show you guys, that's someone that claimed the crypto
punk. And also Wilcox has been selling
a lot, you know, one of the largest and most iconic punk
holders. Exactly.
So it's a lot of like OG punk holders that have been selling
into new hands. And actually on the timeline,
I've been seeing a lot of first time punk owners like Cyrus
notably yesterday posted about having his first punk.
Ozark who bought my old punk was tweeting about how he got his
first punk. Like I'm seeing a lot of people
say, oh, just bought my first punk.
So that's signs that I like to look for, and I think it's very
positive for punks in general. I don't think punks are, I think
NFT volumes have clearly been anemic, but money's flowed back
into them a little bit in the last in the last couple of
weeks. Punks feels like one of these
things which is chain agnostic really as a one of the earliest
forms of digital art. I think I think it they'll
they'll be relevant for for many years and I think they could
they could buys for sure. The bull thesis on punks has
never changed for me personally either.
Like it's, it's never going to change.
Like I, I strongly believe crypto punks will have
$1,000,000 floor. But The thing is my outlook on
that is not like it's like 10 years, you know what I mean?
It's not like oh this cycle of millions like my 10 year outlook
on punks is going to be $1,000,000.
I don't think so. I think I think you're talking
about long time for $1,000,000 floor and a punk like a long.
Time No. You think they're going to do a
15X in the next 10 years? I do.
What do you think, Tyler? Yeah, I I think if the money
printer stay on and it's like it all is relative to what where
you think crypto prices are. So if in 10 years bitcoins at
500,000, So what do you think it's at it's at 25,000.
So you need a, you know, 44 for a million.
Yeah. Seems plausible, but a lot of
things have to go, right? OK, You guys don't believe that?
Well, Tyler. Give it, give it like 40 years.
I think you'll get to. Him 40 years. 30 or 40 years,
Yeah. I mean if the sailor 2040 price
prediction. Is like $1,000,000.
Pardon me. How many like collectibles do
you know of are $1,000,000? Casso prints go for like a
fraction of that, Banksy prints go for a fraction of that.
Like like they're not that many collectibles of $3,000,000 floor
even in the broad. How many Banksy prints are there
in existence? I don't know in exactly, but I
would, I would say what I'm trying to say to you is you
would put yourself in the top unbelievably high levels of
collectibles which have been around for much longer, like
Pokémon. I mean only the top top Pokémon
cards go for over $1,000,000 right?
Yeah, it's true. I mean that guess is a good
point. Charizard top was like 351st
edition PSA 10 and you can probably get one for like 200
right now, right. So that's a good like it's a
good comparisons like Charizard, I think on this stuff.
I don't know I I've been watching.
On that's not to say it's a bad investment.
I'm just saying no. No, I get it.
I get it. Also, that doesn't mean that you
don't think it's going to become like maybe 200, two, 150.
I'm just talking about a million like.
This. Yeah, No, I think you can bounce
back. I think I think punks are a good
investment regardless of what goes on in ETH.
Yeah. Well, programming, I'll throw it
back to you. I mean, you said you've got this
price target, but but it's not going to happen immediately.
So like at what part of the cycle do you take profits and
route so and pick up another one?
Is it like are you saying like in the cycle like you were
waiting for like a crypto cycle top?
To buy another punk. Yeah.
I I don't know if I would buy another punk right now with 25
ETH. I'm not going to lie, I was
thinking even what to do with the S copy sale because like I
got a pretty solid bid today again on that, which is almost a
punk and I'm not going to buy a punk with that.
I'll probably just like keep the cash for too long, like major
dips on majors because it keeps happening in this wash.
But like I feel like every every time people long majors, these
dips have done pretty good, right?
I mean, mind, have you been doing that?
Like every time we get a flush out, feels like there's so many
good opportunities on the market.
On NFTS or? Straight up like big BC it's
sold like every time there's a major flush like.
Yeah, I will. Regularly on a major flush I'll
I'll borrow against my the JLP to buy either straight Solana or
or buy memes or buy or buy Bitcoin.
And then normally on the on the bounce I'll convert it back into
GLP. But but you know what though,
Tyler, like if I were to actually buy one, like honestly,
this level is really good. 24 E like this is where I technically
bought my first punk in 20/21 was 19 eight and the 2nd 122
1/2. So if I had to pick a level this
is a very good level to buy a punk in my opinion.
What do you think? Well, I mean, where would you
buy a punk? It's an interesting question.
Yeah. I didn't need to see some some
gains in other places, but I think the level is fine.
I don't really like the ones on the floor.
So like to get one I actually like you got to like pay up to
like 30. I'm probably not going to pay 30
right now. That's the thing, right?
Like for a cleaner punk, you're located at like 30 plus.
Like I like the pigtails one. It's like 34.
You know what I mean? Top hat Mando is starting at
Mando is like he strikes me as a top hat.
How much is a top hat? Let's see, way cheaper than back
then. 39 dude holy shit these are.
Yeah, it's like a it's a COVID one though.
I mean, it's like the mask one. I mean, if it wasn't the mask,
this would be Mando, right? With the little shadowbeard
you'd be looking at? I mean, go to this.
Not really, I think. You can get it for cheaper.
This one is like the ultimate though.
If you can get this for cheap, this that's a good one.
That's that's one of the best looking pox collection.
But let's see. Hey, maybe someone wins a punk
today. Reminder, retweet the spaces and
I'll make up some rules on the Twitter picker to see who gets
up. But you know, we, you may, you
may win a punk today. Anyways, Tyler, what else do you
have for us today? I know you got a few.
Agreements maybe we just go to the agree Disagree.
There really wasn't a whole lot of other action.
I think you're actually your your post about the NFT super
cycle and and meme super cycle could be a good one.
I. Got some slacks for that one,
but I looked like I wasn't saying anything bearish.
Anytime you you say anything bearish, you're going to catch
some slack on the timeline. Yeah.
But yeah, I think you posted that.
Basically you psyop yourself into believing the NFT super
cycle. Now you're comparing it to the
meme coin super cycle thing. It's no different.
So I mean, I don't want to put words in your mouth.
You're effectively saying that be cautious, take profits, that
this idea of a super cycle is probably, you know, not going to
happen. It's going to be the same type
of a bubble. We salt NFTS.
Is that? Yeah.
I know, that's what I'm saying, I guess is that I also believe
that we were never going to see another bear market and that
NFTS were going to go up forever and that clearly I was extremely
wrong. But then some people point out
to me that like, you know, apes, they go to half a million, like
punks, they go to half a million, like a lot of stuff
flew. So it was somewhat of a super
cycle, but I guess what's the time frame for super cycle,
right? Like we get a we got to speed up
super cycle over six months. I don't know what I was saying.
Like I see everyone talking about oh, this mean collection,
this mean collection, like dude, like we were bidding like
remember the little Le moons little lemons, man, like.
Little lemons. Like it's just like it reminded
me of the exact same thing. I went through that then and I
was just saying like if you're a 2024 entrant, your NFTS are meme
coins and that you know, it's probably going to be the same
thing, right? What do you think?
Do you believe in a meme coin super cycle, Tyler?
Yes, I mean, I've, I've run spaces on the meme coin super
cycle and my definition of it was I think 5 coins get to a
billion dollars or we see 5 meme coins in the top ten, top twelve
of all crypto tokens at some point in the cycle, multiple
tokens get to a billion and you see like a pretty solid pyramid.
I think for that to play out, you you need to be likely
aligned with like the Kobe theory that the cycle hasn't
even started yet. It's like I think you'll need
the momentum in the 2025 and 2026.
I think certainly right now things are like the the theory
isn't looking as good right now. Like, let's be honest, I think
Amanda showed that the, the overall like mean coin token
market cap and the chart does not look great.
Like, like I'm not blinding myself to it, but it does seem
like any time majors catch any kind of action, the memes are
popping back off. So I think there is some opium
to be had that if if you see a sustained majors rally, that
attention would come back to attention and liquidity would
come back. So I think that's the that's the
hopium case. I mean, you lay out a whole lot
of logical points here, right? So it's hard to like just come
out and just disagree with everything you're saying here.
But I think that's the, that's the other side of this.
Yeah, that makes sense. What about you, Amanda?
Do you believe in the mean coin super cycle?
I think you can believe that meme coins are have overtaken
NFTS for being like the easiest way to on board.
And so whenever there's new money that comes into crypto, it
immediately flows into into memes.
And also a lot of that is out competed.
Even old coins like why you buy into somebody else's VC coin
where there was never any value for you anyway, like you just
had terrible charts versus some stuff you can get into.
So I think meme coins have, they've become easier than NFTS
in terms of onboarding and then I don't know if they have, they
at least have a more lottery style feel to them than than
altcoins, of which most of them just feel like they're down.
Only that being said, like I said to you, for the last two or
three months, I've been very public about the fact that I
felt like the what some of the worst rich reward in crypto was
some of these large cat meme coins versus like anything that
was trading above 500 million or even like 200 million.
I was like, this is really bad because I think a lot of people
think they're in a blue chip meme coin and they don't realize
that that the whole narrative around the space can get rugged
and those things can just get decimated.
You know what I mean? Like I said, for a while I
thought the best way to play meme coins was just playing
ones, you know, much lower market cap and hoping for them
to run up. But these coins which people
were like, well, no, I'm in, I'm in this coin and that, you know,
it's a multi, multi cycle coin and you know, people will come
back into it and buy it. I think there's a really
dangerous bags. There's a really, really
dangerous bags and they have been for a while.
And that's why I just felt that the upside was the same as like
Solana or Bitcoin and the downside was much worse.
Now all we've had is just the downside.
The others, Solana and Bitcoin are kind of the same like they
haven't really moved. You've just seen those bean
coins move a lot, lot lower and it's just difficult.
You go into go just hang out in one of the discord or the
telegrams or groups of one of those coins right now, like
everyone's hoping that the next person comes in to buy the coin
and it's already it's already a high market cap like it's I just
don't know who that person is for some of these coins.
There are certain coins which I feel like are multi cycled.
Like I do think that Pepe is a multi cycle coin.
I do think that MOG has got a shot at it as well just because
of the culture that's brought. But I have a very high bar for
that. I feel as though a lot of these
are, a lot of those coins are just, they're very, very
difficult now. I I disagree with the 50 million
comment because I'm the type of guy that buys meme coin above
ten $50,000,000 because I've seen it do well.
Like that's why I bought my first brain lit and like think
about it. Technically speaking, the first
buyer was pretty good, right? Like I know.
Successful stashes you for you in general.
I don't, I don't test it enough to do it, but like in general,
I've bought only mean coins higher than like, I don't know,
Yeah, I mean like I'm. Used to saying I don't think
people are making money doing that.
I mean, if you. Have to be disciplined.
You have to have tight exits I think.
Yeah, that, that's a good point. What do you think, Tyler?
I mean I, I'm putting I. Think you can So like I I had
success like on on Billy and mother right and like not buying
until like 60 or 80 million, but like you basically have to hit
the double and leave. Oh, you cannot hold like over a
week like most of these like in this, you got to be out of those
like fast, right? So like I guess Mando, there is
a way to find success doing that if you're disciplined, like
Tyler said, but are not disciplined, right?
And you know I'm not. And you're just trading the Vol
really. You're not really trading.
You're not like a long term. You're just trading like the
day-to-day move like, Oh yeah, it's up 50%.
It's down 50%. You're down overall.
I, I do think we're in like the period of lower roller coaster
loops. I think the question is, are we
going to start getting bigger roller coaster loops in the
future? So we need that to happen, I
think. Well, thanks for pulling this
up. For those who are watching the
stream, I shared this chart. It's from NT Stats Punk 9059.
He shared the the PNL of daily close positions for the NFT run
back from 2021 to 2023. And if you look at this chart,
there's a full year where everyone closed with positive
PNL like every day for a full year.
This mean point cycle hasn't been this strong, right?
Like it like this mean point cycle may have been like this
from what, December to April? So maybe we got like a 4A45
month period like this. What I thought about these two
graphs is they weren't really comparing apples to apples like
the other one that was compared for visit against was like how
which percentage traders are profitable?
And that's not really what this that ship.
This is showing the overall PNL of the of NFT traders.
The best thing to do here would be look at the day-to-day
movement in the total market cap of meme coins, right?
Then you get a sense of total PNL, let's say, right.
And I don't know what that chart looks like, but I don't I think
it actually would look relatively good.
It wouldn't look like the it's not.
You can't really compare that to a pie graph of overall PNL
because. Sure.
Arguably a lot of these have carrying value.
And, you know, yeah, the people aren't exited yet, but the
there's I just don't know if that comparison was quite the
the way that people were saying like, oh, everyone's made money
for a first year and only 3% have made money or only a very
small amount of people have made money this time.
I don't think that's necessarily right.
I think we need to see a day-to-day change in in the
total mock cap of memes. That's, that's, that's very fair
and I admit it. It's not.
It is little apples to oranges. I I was hoping I was working
with Sam trying to get the the daily number like the actual
numbers of those. It's a tough one.
It's a tough one to find. All right.
I think I, I think there is some, I think there is a some
value to that comparison though, but it's obviously like really
hard to what I, what I disagree with on the timeline is people
saying that NFTS were just value extractive versus meme coins
because it's not true, right? Like a lot of people were doing
very well on NFTS and NFTS were actually bringing something
different to the table. And so I, I just think that that
those comments saying, oh, but it, it's, it's just Apple story.
I think that's something I also found out when I shared my
thesis on meme coin super psycho versus NFT super psycho.
Tyler is like, they're quite different and there's a nuance.
I think it was our chick that was bringing this up to me was
like this quite a nuance to make when it comes to when it comes
to that. By the way, I keep updating this
loot box punks are selling right now like hot cakes on the show.
I've had to replace 3 punks already.
I've had to replace three of the crypto punks.
So I guess something's working guys like something they.
Just want to mess with you. Something someone's fucking with
me and changing the price. Of WOW 2 sold in the last five
minutes. That's why I know and there were
two in our loot box. So someone's fucking with me and
and changing those Tyler the other agree disagree that you
had. Now I actually really want to
talk about this one is the crypto God John.
OK. I bring Let's talk about this.
Let's talk about this. How much?
Couldn't until now the crypto God.
He's talking about Sun dog becoming the TRX flagship meme
and he's saying Justin Sun one of rich people on crypto.
The best way to become the center of attention is by
sending Sundog to multi billions and that could lead to TRX
breaking out. I think I agree.
With him, right, And this is not me promoting Tron.
You know, we, we've talked about it, right?
And I don't, I don't own any of this.
I, I got to figure out how to, how to bridge and buy this stuff
because I still know how to do it.
But like, if you want to know what the bull thesis is, this is
it, right? Like Justin Sun wants he sees
the attention he can get with this and he can figure out the
a, a way to pump the token right, like whether it's organic
or not, like I think he can make it happen.
Similar to like Brett on base, like Brett was flooded to to the
ground for, you know, like how inorganic it was, you know how
many, how centralized it was. But regardless, like Brett hit a
1.4 billion and like it got funded the whole way up and I
could see similar thing here. So I'm not saying go out and buy
this, but I'm saying there certainly is a is a scenario
here where some dog runs into the billions.
Another take here. So clearly Onsen disagrees here.
And he said the Tron segment reminds me of when we bridged to
Harmony last cycle. I personally Tyler.
I don't even remember the the harmony part of last cycle.
So I'm not hard for me, hard for me to comment, but I, I think I
get the point, yeah. I mean, I think for me it's more
like it's less like the harmony, but it's more like how we were
like just trading say mean coins not long ago or and NFTS or
trading. We just say NFT cycle I.
Know you remember. That like we ANFTS.
Say NFTS. ANFTS, you know, So you know
what? Let me tweet, say it.
Should I tweet? Say NFTS.
Yeah, you should I. Should OK, I've been tweeting
like I don't know if you guys realize, but I've been kind of
all right, say NFTS. Hold on there, say NFTS.
There you go. I just put that out.
I posted music NFTS and and and storytelling NFTS and the people
seem to fucking love that comeback.
Maybe I'll change my PFP to a punk and bring that NFT bull run
back for everybody. Anyways, what, what do you think
of this? Let's talk a little more about
this this this Tron thing. How?
How long do you guys say hello? Hello.
It's not a beautiful day in the Tyler dated household.
What do I think? What do you think of Tron?
What do you? Think of this Tron meta, don't
you think it's just like say or Avalanche?
Remember everybody was buying this coin called cock and
saying. That it went to 500 million or
something, right? Like and that was an avalanche.
I think Justin Sun is a bad dude, and I think a bad dude
likes to pump his own coins. I think he can, He can really,
if you can send this thing if he wants to.
Just look at the guy like he just looks like this sort of guy
that's going to take a mean point up to, to like a billion
dollars. I I, I was reading the other day
from Jing Tao that he's got like, he's got the biggest
Birkin collection in the whole world.
Like this guy's like off the charts crazy.
Yeah. Like.
That is true. He is like dumb rich.
And it comes in a like, there's a huge lull, like people are
looking like fancy topic cards are pumping because people are
so bored. Yeah, exactly.
So he's got it and there's just something about it where like
this cycle people kind of want to buy into something like that.
I'm not saying full port into fucking Sundog, but does could
this go to a billion dollars? They've got 60 billion odd of of
tether on that chain. They could.
All right, so let's let's let's do it.
So let's let's teach the people. How do we I don't even know.
So do you guys know how to bridge the the Tron and?
Gigi, who's your who works for Red Radio, right?
One of the creators. She does create content with us.
I think she's been making as she made a full like.
Just go on to her. She put something out 19 hours
ago. She did look at that.
Oh wow, look at that. We need a wallet first.
We're just going to download this from the Chrome store once
you're done, As you can see, we have a new Tron wallet created
with my address. Step 2, getting tracked part I'm
just going to go to change now that I owe.
I'm going to choose which crypto am I going to send for Tron and
send Solana for Tron. It's going to show you what
steps to follow and you can then add what address you want to
receive your Tron in. Now we can go to stump bump and
buy any token you want to buy. You can also go to sun swap and
buy meme goings on there or maybe swap some memes for other
memes. Is this going to be another
passing meta or is this actually here to stay?
Good question. Gigi.
Is this going to be a passing Mera or is this here to stay
guys? I think it could be like if I
was thinking what could be the 2nd place for some of this
stuff, B&B, people forget B&B was where a lot of it should
happen, right? Mean coin, things can happen on
certain change. I do think that people are just
there for, there's no culture really.
It's just people are there for the pump.
So I think people probably increasingly just bet on sundog
because the other ones will probably all just die.
Like, I don't know what happened to Justin Sons Turkey, but I.
I just made a OK I downloaded the Tron wallet create wallet.
You're going to make me do this today too.
I mean fuck it. Like if I.
Mean that about I was like, are we really doing this now?
I mean, if Mando's going to be saying like Mando is like really
shilling the shit out of those bags without even owning.
I've got zero Tron memes. Yeah, but you're like the
biggest broken collection and you're like, OK, fine.
I was just listening to to Jing Tao, who's gone all in, right.
Jing Tao's got an all in on this shit.
What could go wrong? Wait until he dumps on you.
That'll be a fucking iconic. Yeah, of course.
Shout out to Gentile though. Iconic Unchained trader.
But he says it himself, like he. He his last, his last.
All I've moved was on Gretchen Whitmer.
Yeah, that's true. OK, I'm going to do this after
because I need to write down. My I read this word for word
what he put. Justin's son has damn near the
biggest fucking ego in all of crypto.
Thinking he won't like millions on fire to cause a spectacle is
absurd. He must understand how fragile
his mindset is. He lives in a warped sense of
reality. In the next 72 hours, he would
genuinely believe that he can flip all of Solano if he uses
the right button input. He's right.
This guy is the most batshit loony person.
He's having coins. He's a criminal.
He's he has the largest Birkin collection on the planet.
He's a criminal. He will do whatever it takes to
cause as big of a scene as possible.
He spent over five years away from the spotlight.
He wants this more than any of us.
Hard to argue with that and a billion dollars of tether
mentioned yesterday. Hold on, he said.
This fucking guy has a dog and a tiger and a Peacock.
You know what? With the Mike Tyson room.
I I I I I actually agree with Mozzie Vermillion, the K Jing
Tao, let it right, you know, let it right.
So I'll, I'll it. It was a deck Screener
equivalent for Tron. I feel like you're just using my
meme at this stage. Suns.
So it's all happening on sump pump which is the equivalent of
pump dot fun and then it's sun swap.
As you can tell, the man has a bit of an ego.
Sun swap and sump pump of the. Sunswap.com, Sun pump dot meme
and Sun dog. All right, let's go.
Let's go. That's so fun.
Wait, have you guys seen the Sahil Instagram story?
He leaked a call with Justin Sun.
Let's go check it out. Oh, Sahil liked one of the
Instagram pictures the other day of me and my mom and my look.
Sahil Arora. What's his story say?
Oh, yeah. Look at this posted up posted a
photo of him with on FaceTime with Justin.
Son, this is Sahil's world. We're just living in it.
Straight up, straight up. This is Sahil's world and and
we're definitely living in it. All right, what'd you say?
So sun swap is where you buy, but where's the deck Screener
equivalent? Oh, but it's on Deck Screener is
it? Or text tools?
I think text tools it's not. Text tool, it's not on Screener.
There's no Tron on Screener, I think.
Yeah, right. OK, OK.
Well, I guess, I guess I got my homework for later today.
And so let me bookmark all this. I think it is at least.
I don't, I don't think. So I've seen these on one of
these. I haven't seen one.
Yeah, I've got the dex tools up for Tron.
Tron, Yeah. Sun.
It's Sun Dog WTRX, the one that's at 181,000,000 already.
That's the one, yeah. OK, we're definitely buying
someone's bag here. Of course you 2.
And a half million in liquidity. I don't know dude.
I I'll confirm if I do it tomorrow.
I, I'm not I, I, I, I don't know.
I don't, I, I don't know, I don't know.
Are you buying a coin up 281,000% Mando?
I I just told you, I haven't bought anything.
I'm just telling you that. You know what?
It's one of those things where like if people were talking
about Nero and ETH being the most hated rally, like this is
this one. This one feels like the sort of
thing where if it goes hard, people are just going to lose
their shit and be like, why the hell?
What is this thing? He's a scammer.
Nice little Dick for entry right now.
I think yeah, I mean, please do not tell Ovie this thesis or
he's going to go fuck in full stack, full port and.
Can't be worse than the rug of the Republic.
Say NFT is getting too soon. A lot of response.
Too soon, too soon. You know why Tommy K from Nifty
Gateway started working there yesterday?
I am. I am single handedly going to
revive NF. I'm going to revive NFTS.
Remember when I used to tweet those things every day, like for
fun? In 2021, I'm going to change my
PFP. So I'm going to time my PFP
change back to my PUNK for the perfect timing of the 2nd wave
of this bull market. So I think on on my birthday and
then we're going to pump to to Valhalla.
Fuck, I just saw the time. Did we have another?
I think we went through all the agreed disagrees.
We can say that we had another one, but.
We had the easy one, but we'll save that.
It's broader NFT conversation. It's a good one.
It's a good one about NFCS associate to MIM coin.
Don't tell me it's Sunscreener. Is that actually the name of the
no. Incredible.
No. The The most hated rally
incoming. Oh my God.
Hold on, I got to fight the sunscreen of the pot.
Is it.com? It can't be someone's put that
in the that's gonna be. In a 2 gig is it?
I can't find it. It probably isn't, I think he
was just trolling us. But.
I mean if no Oh he's joking. That was hilarious.
That was hilarious bro that's so funny.
So wait, why is we have sun pump sun swap?
It would only make sense if we have Sunscreener.
Of course. I'm still waiting for someone to
create a Capri token. Capri Sun.
You know, I think, I think it'd be great.
I swear to God like. Well.
It's some. You can create it man.
It's Sun. Pump I'm not going to create a
meme coin man, though, but look at this.
It's perfect, Capri Sun, you know this is perfect.
That's, that's a, that's a $10 million coin at least.
Oh. Sure, but with the current meta,
what? OK, OK, wait please nobody
created onto like like bridge to Tron.
Can you just buy can you bridge on on robit?
I use robit as a bridge now. It's such a great 10.
We don't have Tron I. Think.
They don't have Tron on there yet.
We're gonna have to wait. 100% we have.
No, they don't really. I mean, we're going to do Robit
anyways, but maybe I'm wrong. Cashier.
That would be wild if they didn't.
SPLSERC 20s No, not yet. They did.
Right. Maybe they did razor lucky.
Oh, there's already 7 Capri sons on Tron.
Never mind. Abort mission, abort mission.
Oh, well, that sucks. Oh, what up, What up?
Good morning. Good morning, GMG Tabs.
Where's my music at? There we go, GMG Tuesday.
August. Four times.
Oh my God, I'm so funny. 2324, look at that.
Another beautiful day to have a beautiful day.
I got my coast in the house. Tyler, how are you doing today?
I'm doing great. Nice cool sunny morning here in
Indianapolis. Like 60°.
It's a reminder of fall. Fall is coming.
Summer chop. Summer over, maybe in.
A few weeks. So let's I see you're wearing a
sweatshirt. You're embracing the fall
weather as well. Dude, I haven't worn a
sweatshirt inside my home in months and it's fucking cold
now. The fuck, dude?
Like it's like out of out of nowhere, bro.
Like out of nowhere it became it got it, got it got chilly over
here. Well, it's not like chilly
chilly, but I don't know. I've been feeling cold last two
days. I had to go to the steam and
sauna last night to keep my body up.
Uh oh, Uh oh. Shirts off.
Uh oh, shirts off. But see, we were almost cracking
61K. You show up with no shirt on and
we're back down. Oh, really?
Yes. Dude, I've been doing me.
I didn't even know where Bitcoin was.
What's up Mando, How you doing? I'm doing great.
You got a heck up, man. Look at me.
Oh my God, no. I I like when you like leave the
whole thing. You should like.
You should get a. Like a rugged bear.
You. You.
Yes. Except.
Yeah. Wait.
Yeah. We'll.
Yeah, We'll. Yeah.
No. Mine is the bear part, you know,
But but I feel like you're the type of guy that you could grow
a proper beard. I can't go past this length.
Tyler, can you grow a beard? I've never seen you with a
beard. I haven't tried since I was 18.
I might have to bring it back, yeah.
Maybe in maybe in the winter or maybe we should we should do a
thing on the show like no shaving until like hard to care
or something. But that may never happen.
So anyways, just kidding to the other show today.
That's so funny. Tabs like I broke my oh tabs
chair broke. I was like tabs he sent us a
photo of his chair is broken. Fucking done laughing.
Anyways, today the show today today market report as usual.
Let's see what's let's see how we doing how we doing in this
chop city, Chop city baby. And then you know Tyler's top
100. I'm sure there's a bunch of
stuff to talk about. Then we have a few agree to
agree or disagree. Agree to disagree tweets for
y'all. I think we have three of them
today. Definitely some stuff to talk
about. And last but not least, it is
Tuesday AKA Robit loot box. Loot box spends day baby.
And boy oh boy did I prepare. Stuff is already selling my loot
box. Are you kidding me?
OK, teas are hot. Dude every spunk was gone from
the loot box I had to punk smooth.
Hard yesterday. Yeah, pump pumps pumped hard
yesterday following Ovie's Alien by, so you absolutely love to
see that. I'm sure we're going to talk
about it. But anyways, anyways, anyways,
without further ado, let's get right into it.
Who is the? Man.
Back on Daddy of the land. Can you dig it?
GMGM everyone. So we are back above 60 K in the
dance that will eventually kill us all.
We have a bit more hope. Bitcoin is at 60 point 6K.
Hallelujah. ETH is hanging out kind of where
it was yesterday. Solana slightly underperforming.
Yeah, just feels Chop City, not much going on.
It's kind of crazy to see what the timeline does.
Every some time we move like $1000 at the moment, it's like
the biggest thing that's ever happened.
We're going straight to 70K or we're going straight to 40K
Chill out. It does feel as though macro is
still having a very, very good period.
It's been the longest winning streak for stocks in nine
months. I think.
So big, big week. Gold has also been ripping.
It's been a quiet period for for macro.
Like we said, they're going, we're going to have a, we're
going to have a the Jackson Hole conference this this week.
And stocks have been rallying, I think in anticipation that we
might see some, some, some rate cut implications.
Generally people are just getting more bullish.
And the dollar's actually been weakening quite substantially on
the back of that. So the dollar's at the weakest
point I think it's had in about seven months.
So that's also been the bullish, bullish case for Bitcoin and the
bullish case for yeah, look at that NVIDIA chart, no.
VV Shape. That's quite AV shaped recovery,
huh? What's the time frame?
Three weeks less. Let me get that for you now it's
this was the bottom was Monday, August 5th, not not even that's
15 days that here 15 days for 43% recovery.
Yeah. So pretty, pretty wild recovery
macro is all doing really well. It's tough to see crypto go
actually lower in that environment, even though the
timeline is telling you it's horrific.
But Bitcoin did struggle above 60 K and we're kind of hanging
out around that sort of level in terms of what people are are
doing. We did have a bit of a bounce in
in memes. We have Brett and Pepe both get
listing on upbeat. Interesting.
We've seen a few more listings from Binance and upbeat.
So people are getting a little bit more bullish on the on the
listing cycle, let's say, but you saw some of the major memes
all rally on the back of that. I think Nero on it also got a
buy bit listing. And yeah, just a bunch of them
like the actual Tier 1 meme coins, the ones kind of above
500 million all rallied kind of 10 to 20% And and some of the
mid tier ones are up like 10 to let's say 30 or 40%.
So a decent a decent move kind of across the board and meme
coins, although obviously they've been a very weak period.
So you look at those charts and they're it kind of looks like a
blip on what has been kind of a horrific move down.
So a bit of a respite you've seen.
Yeah. Like I said, Bitcoin was leading
Bitcoin dominance is kind of heading back up toward 58 K
Sorry, 58%. There was some news out
overnight, which kind of was known that the SEC had probably
blocked the Solana ETF by the Chicago Board of Exchange.
I think it's kind of clear that we'll, the only way that kind of
Solana gets an ETF or the most probable way is via like a Trump
presidency, in which case Gary Gensler is not there.
So that being said, there was some loosely, I wouldn't say
debunked, but let's say overly reported headlines that he could
be in the he could be in line to be the Treasury Secretary.
Obviously it was written by a very right wing or a right
leaning publication, which also has some sort of ties to crypto
it seems. So maybe it wasn't wasn't the
the best piece of information, but that got a lot of headlines
even though there wasn't really much much to say there in terms
of where like shit Corning seems to be happening.
Tear them into another billion dollars on Tron.
Tron people are seemingly moving over to Tron and they're shit
Corning. You've seen Sundog has hit 160
million, which is I believe the number one meme coin on on Tron.
There was there is talk about them delisting coins.
So any coin that like relates to yeah, China over CCP that is
instantly delisting and you can't trade it.
Like if you bought that coin, it's just like untradeable,
which is kind of wild. So be careful if you're moving
over there. But it does feel as though
that's where people are are getting involved.
Tron's obviously bounced off the back of that too.
And you've seen yeah, like a lot of memes on their moves.
So a lot of people who were on the pumped up fund streets have
immediately moved over there. My man on the ground who who has
been trading, who gave me the inside scoop on Justin sons
Turkey. He says it's a lot of them are
China based memes. So like a lot of them are like
memes that you if you're that they tried to kind of do it on
on Solada and it never really worked out.
Like a lot of those are like dominating the the Tron streets,
it feels like. So get over there.
It feels like you get to have to get a Tron wallet bridge over
from Solan or ETH and then. Nope.
Sunswap I think is oh, what's the name of the platform again?
I think it's something like that anyway.
I'm not getting under there. You're not.
Going to get over there. People are making money,
apparently, yeah. But it was the same thing with
avalanche green points and it's the same thing with like, I
mean, Tyler has it one of the degree disagree.
So we'll keep that later, but it's the same thing over and
over again, like. It is, I would say Justin Sun
kind of needs this to work as well.
And there's a lot more money on Tron than.
Like all the all the crime is already washing their money on
Tron. Like it's working very well.
Like it was already in transactions.
But that's that's one thing I would say is also a benefit.
Like, there's a lot of money on Tron, right?
You know? What it it, it could be, it
could be a good trade to go PvP against criminals because they
don't know meme coins like we do.
Yeah, you know, they know they're, they're no crime, but
they don't know meme coins. So we could we could go commit
crime against criminals. Exactly.
Yeah. And who knows if China allows
crypto, maybe maybe Tron's the best play there from the L ones
yeah kind of left curve, I would say there there was a headline
out that that somebody had been hacked for 238 million I.
Saw that? Kind of unconfirmed, it would
seem to be linked to the Genesis bankruptcy payout, but some may
have been hacked there, which would be one of the biggest
hacks ever of a single wallet. I think you saw in back to Meme
coins, you saw some headlines that Shaq might be done for his
inflation in that in that NFT project Drift launched a
prediction market. What's Shaq?
What? So like, you know that they were
going off. So all these influences for
shilling NFTS back in the day. Well, Shaq.
Shaq's one may. May actually.
Oh yeah, yeah. Yeah, it would be.
I remember that was a. Decrypt article about it.
I actually wrote about it in my newsletter this morning.
Yeah, OK. I think the fact that it was
Shaq, it really caught my attention.
But they they hit Shaq's lawyers trying to get the lawsuit
dismissed and it's going to move forward for his role in this
Astral's NFT project. Over on Salon, they're saying
that he offered and sold investors unregistered
securities via his role as a project promoter.
The Astral's NFT products, if you don't remember, these were
10,000 metaverse ready avatars. They had a token, this Galaxy
token, I think interestingly enough, like this product was
going, it was launching around the time of the FTX collapse.
Shaq was also a celebrity endorser for FTX.
And as this as FTX was collapsing, I guess he was in
the Astros discord typing in all caps.
I'm not fucking leaving. I know he was like pumping the
shit out of this collection because I remember a tweet from
him saying like how he's going to spend all this time building
it, whatever. I know exactly that.
When I read Astros, I remembered exactly what you guys were
talking about. Yeah.
He, he, he fucked himself, right?
Like you can't just tweet stuff like that, right?
There's got to be a line of like, putting your name on
something and then like being in the Discord saying I'm not
fucking leaving, yeah. It definitely wasn't good for
him, but anyway that that happened and then I there was
one, I think, yeah, you got Simon's cat.
You know the the YouTube channel that they're doing a, they are
doing a priest, not a precede a, a token raise tomorrow.
So maybe you'll see a a we're going back to that, that
movement which. Is great there's a pre sale
going on. Yeah, for Simon's cat.
Who's Simon? Simon's cat's like a well known
YouTube channel. I don't spend enough time on
YouTube. You will know this cat like it's
like a cartoon cat. Kind of like the knob style cat.
RIP. I really like the nub reply
account. I, I I don't know why they keep
getting deleted too. The main nub account and then
nub reply as well. That was a funny one.
It had legs. It had some serious legs.
What's it at now? Actually, I was still 9 mil
tough, but yeah, tough one, all right.
Being in the salon of Mean Point streets and tell you.
Yeah. Moving to Tron.
Moving Tron. Are you buying coming?
Yeah. Are you guys buying Tron memes?
No. No, I mean, I've seen a lot of
people do it and said they were going to make money, but I don't
know if I'm late or if I'm early.
I just don't even know actually, maybe I maybe you should move
some money over to Tron. I just right now I, I saw a
tweet by base 16 Z, which I kind of say I agree with, which is
who is buying meme coins above 15,000,000 at the moment?
Like who's that person who comes in and goes like, I really want
to buy that meme coin above 50 million?
And if it's because people don't see like multiples happening,
like people don't think they're going to go to like 50 or 100
million at the moment. So if we're not doing it, then
who's who is doing it? Oh, I can tell you who must stop
Murad and and. Oh yes.
The cult coins. All the Colts, all the cult
coins are the established coins with higher market.
Caps Although we got we got a new we got a new graphic.
We new graphic dropped. New graphic dropped.
He was talking about 100 extra turns, old coins and I was like
brother, you need 100 X. We we have a new graphic.
Why not? When Bitcoin's at 4 million a
coin. I muted him actually yesterday
couldn't I couldn't deal with it.
It's too when a guy who says X Princeton in his in his in his
bio starts giving me diagram diagrammatic explanations about
why if you should buy his bags, it's normally it's normally the
top sign. Like Princeton.
Yeah. I mean, it's kind of like the
people who put like, ask Google to launch an FT project and they
worked at a Genius Bar for like 6 months.
It's like all of 2021. Anyways, that's a good market
roundup. Look, Mando showed up without a
shirt, then we've lost 60 K. So thank you.
Oh, you. Know what?
RETS 59970 right now. Oh.
No, just. Want to, you know, big shout out
to me. Thank you, Mando.
So we're going to pour one out for the homies.
Oh no. What's my GLP doing?
ETH is what, 26 sold 143? I have no idea what GLP is at.
You tell me. Probably like unchanged 320.
It's like always. Every time I open the GLP price
it's always 320. Always down slightly, down
slightly. It's always 320, but anyways,
there's that you'd love to see it.
So that's a good round up. We don't have any more figures
and stuff to talk about, so I guess we'll just wait to see
what comes next. All right, Tyler, well, we got a
lot with Tyler and we got some agree or disagree.
So hold those strong thoughts, Mando, because I'm sure we'll go
over that again. Four daily NFT and crypto
analysis. Tyler D on FOMO our calls the
kids can. Bring the bats and bears over
starters. We had the crypto majors
rallying this morning up three to 4% across the board.
But as Rope just mentioned, some of those gains being given back
right now, Bitcoin at 60,000. As Mando mentioned, we saw the
SEC, they've got concerns of Solana being a security.
They rejected the 19 B forms before.
Those are the ones required for the Solana ETS.
So those are likely on hold or delayed.
We saw $1 billion of Tether USDT minted on Tron in the past day
as its new meme coin leader Sundog hits $160 million market
cap. I think another meme, Sun Cat
10X as well. Tron up 8% on the day, up 17% on
the week, and leading alts. In other news, we saw Bitwise
acquire the ETC group. This enables them to expand into
Europe. So Bitwise going euro, we saw
the Democratic National Committee they rolled out their
official platform on Monday ahead of the DNC 91 page
document, no mentions of crypto in the whole 91 page document.
So that was that round up sum of CT before the the fake somewhat
fake Gary Gunsler headline went around.
We don't really need to talk about that.
In other news, we saw drift protocol.
They introduced their prediction market bet they saw three
$100,000 in action on the first day.
Some are already saying it's got more liquidity in the major
markets than Polymarket does. So one to take a look at if
you're in those streets and memes.
Meme coin leaders were up 10 to 30% on the day and a big rebound
we saw the pack moon team confirmed that the army rollout
is happening today. Those army tokens will be
airdropped. Then our friends over at Epic
and lost a hot new extension enabling more pictures of ducks
in any photo. Maybe me and they can walk us
through that later on. And then a TS MTS mixed across
change the Snowfrow O pepens outperform right the Sotheby's
digital art sales, so they have some of the higher bids relative
to the men cost. We saw rec drinks roll out a new
content creators program enabling the earning of drink
points tied to likes reposted content tagging direct drinks.
Liquidium added support for Phantom wallet for its Ordinals
of runes lending product. And then we talked about Shaq,
but Shaquille O'Neal facing a class action lawsuit for his
role in the Astral NFT project. So we will see how that one
goes. So that's the round up a little
bit of overlap with Mando's headlines.
Yeah, sorry, I went a bit broader in what I was talking
about, wasn't I? No worries.
It's so dull. Yeah, it's, I mean, what are you
going to say about the market we're chopping?
I was like, yeah, we're 60 KA, then 59 K.
You know what's funny though? Like every two dollar move on
Solana, like everybody freaks out.
Like 143 sold people are like, Oh my God, it's over 146 sold
people. Yeah, we're going to 200.
So so it's a good it's something I've noticed anyways.
Tyler, Tyler, Tyler, Tyler. Where do we even start here?
There's quite a few things going on.
Oh, look at this 458th bait on a a punk.
I'd love to see that. Should we talk about punks a
little bit? Let's talk about punks.
I'm actually I've got the sales leaderboard up.
It's a nice action here in the last in the last day, three rows
of sales. Let's see the sales board up.
I mean, oh, we bought the Alien for undisclosed amount.
It's I saw someone, maybe DC investor say like the last alien
punk sells for 4008. Like the market's totally
crickets. We see the lowest salient punk
sale potentially, you know, in years at 1500 ETH and the and
the market starts ripping. But yeah, almost.
Well, that's 3035 sales punks in the last day, notable number,
kind of how things have. Been not bad, we'd love to see.
24.5 ETH and then more folks are starting to roll out the FOMO
inducing tweets. Like I saw multiple people
saying yesterday that you are going to kick yourself for not
having bought a punk in in this low floor time period across the
last one to two months where I can, where I can see that, where
I can agree with that. That's actually a decent agreed
discreet. I don't have the tweet, but on
the agree side, it's like, why hold ETH?
You're going to if you've got 25 ETH, why not throw it in the
book? I don't know, I kind.
Of that's a good question. OK, let's ask you something. 25
ETH, 25 ETH of MOG or Cryptopunk.
Yeah. And that that's different
calculus. I think in the short term, MOG
is like more likely the 2X you're going to get, you're more
likely to see a 2X in MOG, you know, within 2024 than you are
in Punks and they're down over what's the down like 60%?
MOG is down like 60. Percent yeah, yeah, it's on hot
hard of the last couple days. Let's ask the let's ask the
audience. Let's just put a poll out, see
what they think about about what they would rather have the
cycle. So the punk anyways, look, you
love seeing punks go brew like this is always really good to
see. There's some really nice sales.
Also, like some people like to shop the forever punks and in
this market, like it's also a very good time.
Like if you're someone who doesn't care about the 2540 ETH
average here because there's some good sales around 40 like
this punk, for example, is beautiful.
Like I love the wild whites at 40 ETH with the Wilder goggles.
That's pretty nice. This one threat guy keeps on
selling. At some point this kid's going
to have to buy this one. You know, it's a it's a nice.
I love this one. Personally speaking.
I really liked it on the floor yesterday with the rosy cheeks
and the the pink pink eyeshadow. But you know, and there's a just
a bit that just came in right now for a for for an 8 punk.
So go back to the floor. I'm just saying there the the
floor is and there's 20, basically 25 to 30.
Let me confirm that with you right now.
I think it's 24. Yeah.
See this one just got bid on 458.
I don't think it gets hit, though.
Yeah. And then you have you want to
see the floor, right? Yeah.
Here here 244965 K. Yeah, it feels, I know I'm
saying, but there's like there's like 2 rows to to back to 38th
floor. Yeah.
So 25 punks move and you're back to 30.
I think that would probably kick a little bit of FOMO and I think
some people will be kicking themselves with punks are back
at 30 that they missed. The dip to 2222 feels much more
containable than like 30. And then when you're back to
like 3540, probably out of reach for a lot of folks again.
Yeah, he, it's a, it's an interesting one.
I mean, Manda, what do you think?
Would you get a punk in this area?
You still do. I did look the other day like
the the the unique ownership. It's gone up quite a lot.
Yeah, that it has. There's a lot of because it's
been a lot of the claimers selling like even the welding
goggles. I just show you guys, that's
someone that claimed the crypto punk.
And also Wilcox has been selling a lot, you know, one of the
largest and most psychonic punk holders.
Exactly. So it's a lot of like OG punk
holders that have been selling into new hands.
And actually on the timeline, I've been seeing a lot of first
time punk owners like Cyrus notably yesterday posted about
having his first punk. Ozark who bought my old punk was
tweeting about how he got his first punk.
Like I'm seeing a lot of people say, oh, just bought my first
punk. So that's signs that I like to
look for, and I think it's very positive for punks in general.
I don't think punks are, I think NFT volumes have clearly been
anemic, but money's flowed back into them a little bit in the
last in the last couple of weeks.
Punks feels like one of these things which is chain agnostic
really as a one of the earliest forms of digital art.
I think, I think it they'll they'll be relevant for many
years and I think they could they could buys for sure.
The bull thesis on punks has never changed for me personally
either. Like it's, it's never going to
change. Like I, I strongly believe
crypto punks will have $1,000,000 floor.
But The thing is my outlook on that is not like it's like 10
years, you know what I mean? It's like, oh this cycle of
millions, like my 10 year outlook on punks is going to be
$1,000,000. I don't think so.
I think I think you're talking about long time for $1,000,000
floor in a punk like a long. Time.
A long time no. You think they're going to do a
15X in the next 10 years? I do.
What do you think, Tyler? Yeah, I think if the money
printers stay on and it's like it all is relative to what where
you think crypto prices are. So if in 10 years bitcoins at
500,000, So what do you think it's at?
It's at 25,000. So you need, you need a 40th
floor for a million. Yeah, seems plausible, but a lot
of things have to go, right? OK, You guys don't believe that?
Well, Tyler. Give it, give it like 40 years.
I think you'll get to. Him 40 years. 30 or 40 years,
Yeah. I mean if the sailor 2040 price
predictions. Like this are $1,000,000.
Pardon me. How many like collectibles do
you know of are $1,000,000? Caso prints go for like a
fraction of that. Banksy prints go for a fraction
of that. Like like there are not that
many collectibles of $3,000,000 floor even in the broader how
many? Banksy prints are there in
existence. I don't know in exact exactly,
but I would, I would say what I'm trying to say to you is you
would put yourself in the top unbelievably high levels of
collectibles which have been around for much longer, like
Pokémon. I mean only the top top Pokémon
cards go for over $1,000,000 right?
Yeah, it's true. I mean that guess is a good
point. Charizard top was like 351st
edition PSA 10 and you can probably get one for like 200
right now, right. So that's a good like it's a
good comparisons like Charizard, I think on this stuff.
I don't know I I've been watching.
On that's not to say it's a bad investment.
I'm just saying no. No, I get it.
I get it. Also, that doesn't mean that you
don't think it's going to become like maybe 200, two, 150.
I'm just talking about a million like.
This. Yeah, No, I think you can bounce
back. I think I think punks are a good
investment regardless of what goes on in ETH.
Yeah. Well, Brook meal, I'll throw it
back to you. I mean, you said you've got this
price target, but but it's not going to happen immediately.
So like at what part of the cycle do you take profits and
throw and pick up another one? Is it like are you saying like
in the cycle like you were waiting for like a crypto cycle
top? To buy another punk Yeah, I I
don't know if I would buy another punk right now with 25
ETH. I'm not going to lie.
I was thinking even what to do with the S copy sale because
like I got a pretty solid bid today again on that, which is
almost a punk and I'm not going to buy a punk with that.
I'll probably just like keep the cash for too long like major
dips on majors because it keeps happening in this wash.
But like I feel like every every time people long majors, these
dips have done pretty good right.
I mean, mind have you been doing that like every time we get a
flush out, feels like there's so many good opportunities on the
market. On NFTS or?
No straight up like BC it's sold like every time there's a major
flush like. Yeah, I, I will regularly on a
major flush I'll, I'll borrow against my the GLP to buy either
straight Solana or, or or by memes or buy or buy Bitcoin.
And then normally on the on the bounce I'll convert it back into
GLP. But but you know what though,
Tyler? Like if I were to actually buy
one, like honestly, this level is really good. 24 ETH like This
is why I technically bought my first punk in 20/21 was 19 eight
and the 2nd 122 1/2. So if I had to pick a level this
is a very good level to buy a punk in my opinion.
What do you think? Well, I mean, where would you
buy a punk? It's an interesting question.
Yeah. I didn't need to see some some
gains in other places, but I think that level is fine.
I don't really like the ones on the floor.
So like to get one I actually like.
You got to like pay up to like 30.
I'm probably not going to pay 30 right now.
That's the thing, right? Like for a cleaner punk, you're
looking at like 30 plus. Like I like the pigtails one.
It's like 34. You know what I mean?
Top hat Mando is starting at. Mando is like he strikes me as a
top. How much is a top hat?
Let's see, way cheaper than back then. 39 dude holy shit these
are. Yeah, it's like a it's a COVID
one though. I mean, it's like the mask one.
I mean, if it wasn't the mask, this would be Mando, right?
With the little shadowbeard you'd be looking at?
I mean, go to this. Not really, I think.
You can get it for cheaper. This one is like the ultimate
though. If you can get this for cheap,
this that's a good one. That's that's one of the best
looking Ponca collection. But let's see.
Hey, maybe someone wins a punk today.
Reminder, retweet the spaces and I'll make up some rules on the
Twitter picker to see who gets up.
But you know, we you, you may, you may win a punk today.
Anyways, Tyler, what else do you have for us today?
I know you got a few. Maybe we just go to the agree
disagree. There really wasn't a whole lot
of other action. I think you're actually your
Your post about the NFT super cycle and and meme super cycle
could be a good one. I.
Got some slack for that one, but I don't think I won't say
anything bearish. And each time you say anything
bearish, you're going to catch some slack on the timeline.
But yeah, I think you posted that.
Basically you psyopped yourself into believing the T super
cycle. Now you're comparing it to the
meme coin super cycle thing. It's no different.
So I mean, I don't want to put words in your mouth.
You're effectively saying that be cautious, take profits, that
this idea of a super cycle is probably not going to happen.
It's going to be the same type of a bubble we salt that teases
that. Yeah, I know.
That's what I'm saying, I guess is that I also believe that we
were never going to see another bear market and that NFTS were
going to go up forever and that clearly I was extremely wrong.
But then some people point out to me that like, you know, apes,
they go to half a million, like punks they go to half a million,
like a lot of stuff fluid. So it was somewhat of a super
cycle. But I guess what's the time
frame for super cycle, right? Like we get us, we got to speed
up super cycle over six months. I don't know, it's always saying
like I see everyone talking about oh, this meme collection,
this meme collection, like dude, like we were bidding like
remember the little le moons little lemons, man, like.
Little lemons. Like it's just like it reminded
me of the exact same thing. I went through that then and I
was just saying like, if you're a 2024 entrant, your NFTS are
meme coins and that, you know, it's probably going to be the
same thing, right? What do you think?
Do you believe in a meme coin super cycle, Tyler?
Yes. I mean, I've, I've run spaces on
the mean coin super cycle and my definition of it was I think 5
coins get to a billion dollars or we see five mean coins in the
top ten, top twelve of all crypto tokens at some point in
the cycle, multiple tokens get to a billion and you see like a
pretty solid pyramid. I think for that to play out,
you, you need to be likely aligned with like the Kobe
theory that this cycle hasn't even started yet.
It's like I think you'll need the momentum into 2025 and 2026.
I think certainly right now things are like the, the theory
isn't looking as good right now. Like, let's be honest, I think
Amanda showed that the, the overall like mean coin token
market cap and the chart does not look great.
Like, like I'm not blinding myself to it, but it does seem
like any time majors catch any kind of action, the memes are
popping back off. So I think there is some hope,
Ian, to be had that if you see a sustained majors rally, that
attention would come back to attention and liquidity would
come back. So I think that's the that's the
hope Ian case. I mean, you lay out a whole lot
of logical points here, right? So it's hard to like just come
out and just disagree with everything you're saying here.
But I think that's the, that's the other side of this.
Yeah, that makes sense. What about you, Amanda?
Do you believe in the mean coin super cycle?
I think you can believe that meme coins are have overtaken
NFTS for being like the easiest way to on board.
And so whenever there's new money that comes into crypto, it
immediately flows into into memes.
And also a lot of that is outcompeted even old coins like
why are you buying into somebody else's VC coin where there was
never any value for you anyway? Like you just had terrible
charts versus some stuff you can get into.
So I think meme coins have they become easier than NFTS in terms
of on boarding And then I don't know if they have, they at least
have a more lottery style feel to them than than altcoins, of
which most of them just feel like they're down.
Only that being said, like I said to you, for the last two or
three months I've been very public about the fact that I
felt like the what some of the worst risk reward in crypto was
some of these large cap meme coins versus like anything that
was trading above 500 million or even like 200 million.
I was like, this is really bad because I think a lot of people
think they're in a blue chip meme coin and they don't realise
that that the whole narrative around the space can get rugged
and those things can just get decimated.
You know what I mean? Like I said, for a while I
thought the best way to play meme coins was just playing
ones, you know, much lower market cap and hoping for them
to run up. But these coins, which people
were like, well, no, I'm in, I'm in this coin and that, you know,
it's a multi, multi cycle coin and you know, people will come
back into it and buy it. I think there's a really
dangerous bags. There's a really, really
dangerous bags and they happened for a while and that's why I
just felt that the upside was the same as like Solana or
Bitcoin and the downside was much worse.
Now all we've had is just the downside.
The others, Solana and Bitcoin are kind of the same like they
haven't really moved. You've just seen those bean
coins move a lot, lot lower and it's just difficult.
You go into go just hang out in one of the discord or the
telegrams or groups of one of those coins right now, like
everyone's hoping that the next person comes in to buy the coin
and it's already it's already a high market cap like it's I just
don't know who that person is for some of these coins.
There are certain coins which I feel like are multi cycled.
Like I do think that Pepe is a multi cycle coin.
I do think that MOG has got a shot at it as well just because
of the culture that's brought. But I have a very high bar for
that. I feel as though a lot of these
are, a lot of those coins are just, they're very, very
difficult now. I I disagree with the 50 million
comment because I'm the type of guy that buys a meme coin above
ten $50,000,000 because I've seen it do well.
Like that's why I bought my first brain let and like think
about it. Technically speaking, the first
buyer was pretty good right? Like I know.
Successful stashes you for you in general.
I don't, I don't test it enough to do it, but like in general,
I've bought only mean coins higher than like, I don't know,
Yeah, I mean like I'm. Used to saying I don't think
people are making money doing that.
I mean, if you. Have to be disciplined and you
have to have tight accents, I think.
Yeah, that's a good point. What do you think, Tyler?
I mean, I'm putting I. Think you can.
So like I had success like on Billy and Mother, right?
And like not buying until like 60 or 80 million, but like you
basically have to hit the double and leave.
Oh, you cannot hold like over a week like most of these.
Like you got to be out of those like fast, right?
So like, I guess Mando, there is a way to find success doing that
if you're disciplined, like Tyler said.
But we're not disciplined, right?
And you know I'm not. And you're just trading the Vol
really. You're not really trading.
You're not like a long term. You're just trading like the
day-to-day move like, Oh yeah, it's up 50%.
It's down 50%. You're down overall.
I do think we're in like the period of lower roller coaster
loops. I think the question is, are we
going to start getting bigger roller coaster loops in the
future? So we need that to happen, I
think. Thanks for pulling this up.
For those who are watching the stream, I shared this chart.
It's from NT Stats Punk 9059. He shared the the PNL of daily
close positions for the NFT run back from 2021 to 2023.
And if you look at this chart, there's a full year where
everyone closed with positive PNL like every day for a full
year. This mean point cycle hasn't
been this strong, right? Like it, like this mean point
cycle may have been like this from what, December to April?
So maybe we got like a 4A45 month period.
What I thought about these two graphs is they weren't really
comparing apples to apples like the other one that was compared
was it against was like ham which percentage traders are
profitable and that's not really what this that ship.
This is showing the overall PNL of the of NFT traders.
The best thing to do here would be look at the day-to-day
movement in the total market cap of meme coins, right?
Then you get a sense of total PNL, let's say.
Right. And I don't know what that chart
looks like, but I don't I think it actually would look
relatively good. It wouldn't look like the it's
not. You can't really compare that to
a pie graph of overall PNL because.
Sure. Arguably a lot of these have
carrying value. And, you know, yeah, the people
aren't exited yet, but the there's I just don't know if
that comparison was quite the the way that people were saying
like, oh, everyone's made money for a first year and only 3%
have made money or only a very small amount of people have made
money this time. I don't think that's necessarily
right. I think we need to see a
day-to-day change in in the total mock cap of memes.
That's, that's, that's very fair and I admit it.
It's not. It is little apples to oranges.
I I was hoping I was working with Sam trying to get the the
daily number like the actual numbers of.
Those it's a tough one. It's a tough one to find though,
right? I think I, I think there is
some, I think there is a some value to that comparison though,
but it's obviously like really hard to what I, what I disagree
with on the timeline is people saying that NFTS were just value
extractive versus meme coins because it's not true, right?
Like a lot of people were doing very well on NFTS and NFTS were
actually bringing something different to the table.
And so I, I just think that that those comments saying, oh, but
it, it's, it's just Apple story. I think that's something I also
found out when I shared my thesis on meme coin super cycle
versus NFT super cycle. Tyler was like, they're quite
different and there's a nuance. I think it was our chick that
was bringing this up to me was like this quite a nuance to make
when it comes to when it comes to that.
By the way, I keep updating this loot box punks are selling right
now like hotcakes on the show. I've had to replace 3 punks
already. I've had to replace three of the
crypto punks. So I guess something's working
guys. Like something.
They just want to mess with you. Something someone's fucking with
me and changing the price of. Two sold in the last five
minutes. That's.
Why? I know and there were two in our
loot box, so someone's fucking with me and and changing those
Tyler the other agree to disagree that you had.
Now I actually really want to talk about this.
One is the crypto God John. OK.
I bring Let's talk about this. Let's talk about this.
How many? Couldn't fit till now.
Crypto God, John, the the crypto God, he's talking about Sun dog
becoming the TRX flagship meme and he's saying Justin Sun, one
of which people on crypto, the best way to become the center of
attention is by sending Sundog to multi billions and that could
lead to TRX breaking out. I think I agree with him, right,
and this is not me promoting Tron.
You know, we we've talked about it, right, and I don't I don't
know any of this. I I got to figure out how to how
to bridge and buy this stuff because I still know how to do
it. But like, if you want to know
what the bull thesis is, this is it, right, like Justin Sun
wants, he sees the attention he can get with this and he can
figure out the a, a way to pump the token, right?
Like whether it's organic or not, like I think he can make it
happen. Similar to like Brett on base,
like Brett was flooded to to the ground for, you know, like how
inorganic it was, you know how many how centralized it was.
But regardless, like Brett hit a 1.4 billion and like it got
flooded the whole way up and I could see similar thing here.
So I'm not saying go out and buy this, but I'm saying there's
certainly is a is a scenario here where Sundog runs into the
billions. Another take here.
So clearly Onsen disagrees here and he said the Tron segment
reminds me of when we bridge to Harmony last cycle.
I personally Tyler. I don't even remember the
harmony part of last cycle, so I might hard for me hard for me to
comment, but I think I get the point, yeah.
I mean, I think for me it's more like it's less like the harmony,
but it's more like how we were like just trading say meme coins
not long ago or in NFTS or trading we.
Just say NFT cycle right? You remember that?
Like ANFTS? Say NFTS.
ANFTS, you know, So you know what?
Let me tweet, say it. Should I tweet?
Say NFTS. You should I.
Should OK, I've been tweeting like I don't know if you guys
realize, but I've been kind of all right, say NFTS, hold on a
minute. Say NFTS.
There you go. I just put that out.
I posted music NFTS and and and storytelling NFTS and the people
seem to fucking love that comeback.
Maybe I'll change my PFP to a punk and bring the NFT bull run
back for everybody. Anyways, what what do you think
of this? Let's talk a little more about
this this this strong thing. How how long do you guys say
hello? Hello.
It's not a beautiful day in the Tyler dated household.
What do I think? What do you think of Tron?
What do you think of this Tron meta?
Don't you think it's just like say or Avalanche?
Remember everybody was buying this coin called cock and
saying. That it went to 500 million or
something, right? Like and that was an avalanche.
I think Justin Sun is a bad dude and I think a bad dude likes to
pump his own coins. I think he can, he can really
think and send this thing if he wants to Just look at the guy
like he just looks like this sort of guy that's going to take
a mean coin up to. It's like a billion dollars.
I, I was reading the other day from Jing Tao that he's got like
he's got the biggest Birkin collection in the whole world.
Like this guy is like off the charts crazy.
Yeah. Like that is true.
He is like dumb. Rich and it comes in a like,
there's a huge lull, like people are looking like fancy topic
cards are pumping because people are so bored.
Yeah, exactly. So he's got it.
And there's just something about it where like this cycle, people
kind of want to buy into something like that.
I'm not saying full port into fucking Sundog, but does could
this go to a billion dollars? They've got 60 billion odd of of
tether on that chain. They could.
All right, so let's let's let's do it.
So let's let's teach the people. How do we?
I don't even know. So do you guys know how to
bridge the the Tron and Gigi? Who's your Who works for a red
radio right? One of the creators.
She does create content with us. I think she's been making as she
made a full like. Just go on to her.
She put something out 19 hours ago.
But she did look at that. Oh wow, look at that.
We need a wallet. We're just going to download
this from the Chrome store once you're done.
As you can see, we have a new Tron wallet created with my
address. Step 2 getting tracked part.
I'm just going to go to change now that I owe.
I'm going to choose which Krypton am I going to send for
Tron and send Solana for Tron. It's going to show you what
steps to follow, and you can then add what address you want
to receive your Tron in. Now we can go to stump bump and
buy any token you want to buy. You can also go to sun swap and
buy meme coins on there or maybe swap some memes for other memes.
Is this going to be another passing meta or is this actually
here to stay? Good question.
Gigi. Is this going to be a passing
Mera or is this here to stay guys?
I think it could be like if I was thinking what could be the
2nd place for some of this stuff, B&B, people forget B&B
was where a lot of it should happen, right?
Mean coin, things can happen on certain change.
I do think that people are just there for, there's no culture
really. It's just people are there for
the pump. So I think people probably
increasingly just bet on sundog because the other ones will
probably all just die. But I don't know what happened
to just the sun's Turkey, but I. I just made a OK I downloaded
the Tron wallet create wallet. You're going to make me do this
today too. I mean fuck it.
Like if I. Mean that about I was like, are
we really doing this now? I mean, if Mando's going to be
saying like Mando is like really shilling the shit out of those
bags without even owning. I've got zero Tron memes.
Yeah, but you're like one of the biggest Birkin collection and
you're. Like, OK, fine, I was just
listening to to Jingtan who's gone all in, right?
Jingtan's got an all in on this shit.
What could go wrong? Wait until he dumps on you.
That'll be a fucking iconic. Yeah, of course.
Shout out to Gentile though. Iconic Unchained trader.
But he says it himself like. His last, his last.
All I've moved was on Gretchen Whitmer.
Yeah, that's true. OK, I'm going to do this after
because I need to write down. My I read this word for word we
put Justin's son has damn near the biggest fucking ego in all
of crypto. Thinking he won't like millions
on fire to cause a spectacle is absurd.
He must understand how fragile his mind state is.
He lives in a warped sense of reality.
In the next 72 hours, he would genuinely believe that he can
flip all of Solano if he uses the right button input.
He's right. This guy is the most batshit
loony person. He's having coins.
He's a criminal. He's he has the largest Birken
collection on the planet. He's a criminal.
He will do whatever it takes to cause as big of a scene as
possible. He spent over five years away
from the spotlight. He wants this more than any of
us. Hard to argue with that and and
a billion dollars of tether mentioned yesterday.
Hold on, he said. This fucking guy has a dog and a
tiger and a Peacock. You know what?
Lick the Mike Tyson room. I I I I I actually agree with
Mozzie Vermillion, the K Jing Tao.
Let it right, you know, let it right.
So I I'll, I'll it. It was a deck Screener
equivalent for Tron. I feel like you're just using my
meme at this stage. Suns.
So it's all happening on sump pump which is the equivalent of
pump dot fun and then it's sun swap.
As you can tell, the man has a bit of an ego.
Sun swap and sump pump of the. Sunswap.com, Sun pump dot meme
and Sun dog. All right, let's go.
Let's go. That's so fun.
Wait, have you guys seen the Sahil Instagram story?
He leaked a call with Justin Sun.
Let's go check it out. Oh, Sahil liked one of the
Instagram pictures the other day of me and my mom and my look.
Sahil Arora. What's his story say?
Oh, yeah. Look at this posted up posted a
photo of him with on FaceTime with Justin.
Son, this is Sahil's world. We're just living in it.
Straight up, straight up. This is Sahil's world and and
we're definitely living in it. All right, what'd you say?
So sun swap is where you buy, but where's the deck Screener
equivalent? Oh, but it's on Deck Screener,
is it? Oh, text tools.
I think text tools. It's not, it's not on Screener.
There's no Tron on Screener, I think.
Yeah, right. OK, OK.
Well, I guess I guess I got my homework for later today.
And so let me bookmark all this I.
Think it is at least. I don't, I don't think.
So I've seen these on one of these.
I haven't seen one. Yeah, I've got the dex tools up
for Tron. Tron, Yeah.
Sun. It's Sun Dog WTRX, the one
that's at 181,000,000 already. That's the one, yeah.
OK, we're definitely buying someone's bag here.
Of course it was. Two and a half million in
liquidity. I don't know dude.
I I'll confirm if I do it tomorrow.
I, I'm not I, I, I, I don't know.
I don't, I don't know. I don't know.
Are you buying a coin up 281,000% Mando?
I, I, I just told you, I haven't bought anything.
I'm just telling you that. You know.
What those things where like if people were talking about Nero
and ETH being the most hated rally, like this is this one.
This one feels like the sort of thing where if it goes hard
people are just going to lose their shit and be like why the
hell? What is this thing?
He's a scammer. Nice little Dick Perentry right
now. Bro I think yeah.
I mean please do not tell OV this thesis or he's going to go
fuck in full stack full port and.
It can't be worse than Rug the Republic.
Say NFT is getting too soon. A lot of response.
Too soon. Too soon.
You know why Tommy K from Nifty Gateway started working there
yesterday? I am.
I am single candidly going to revive NF.
I'm going to revive NFTS Remember when I used to tweet
those things every day like for fun in 2021, I'm going to change
my PFP. So I'm going to time my PFP
change back to my punk for the perfect timing of the 2nd wave
of this bull market. So I think on on my birthday and
then we're going to pump to to Valhalla.
Fuck, I just saw the time. Did we have another?
I think we went through all the agreed disagrees.
We can say that we had another one, but.
We had the easy one, but we'll save that.
It's broader NFT conversation. It's a good one.
It's a good one about NFCS associate to Mink coin.
Don't tell me it's Sunscreener. Is that actually the name of the
no. Incredible.
No? The most hated rally incoming.
Oh my God. Hold on, I got to fight the
sunscreen. About what?
Isit.com. It can't be someone's put that
in the that's gonna be. In a three gig is it?
I can't find it. It probably isn't, I think he
was just trolling us. But.
I mean if no Oh he's joking. That was hilarious.
That was hilarious bro that's so funny.
So wait, why is we have sun pump sun swap?
It would only make sense if we have Sunscreener.
Of course. I'm still waiting for someone to
create a Capri token. Capri Sun.
You know, I think I think it'd be great.
I swear to God like I. Well.
It's some you can create it man. It's some I'm not.
Going to create a meme coin man though.
But look at this, it's perfect. Capri Sun, you know this is
perfect. That's that's a $10 million coin
at least. Oh sure, but with the create
meta? What?
OK, OK, wait please nobody created until like like Bristol
Tron. Can you just if I can you bridge
on on Robit? I use Robit as a bridge now.
It's such a great 10. We don't have front.
I think. They don't have front on there
yet. We're going to have no 100%.
We have no they don't really. I mean, we're going to do Robit
anyways, but maybe I'm wrong. Cashier.
That would be wild if they didn't.
SPLS ERC 20s No, not yet. They did.
Right. Maybe they did Razor lucky.
Oh, there's already 7 Capri sons on Tron.
Never mind. Abort mission.
Oh well that sucks.
All right, well, it is time to pick the winners for the Robit
loot box pits on today's show. So we're going to do Twitter
picker because it worked out last time.
However, I'm going to keep changing the I I make it that
you have to follow five different accounts and I'm going
to change the five accounts every single time.
And I'm not going to tell you, I'm not going to tell you, you
know how it is. So there's a tweet for boom, I
have a nice winner count two people.
You have to obviously you always have to follow a rule bit
because, you know, I mean, without them, there would be
none of that. Why is Bitcoin dumping?
Why is Bitcoin dumping Mando? What have you done?
We're going to make it this week that you have to follow Razor as
well. Fuck it.
We're going to make it. You have to follow four more
hour. You know why not?
We're cooking. What about today?
Decrypt. Decrypt Media.
There we go. And one of us, let's do.
Let's do Mando. Let's do Mando.
So you have to follow Mando, Decrypt, FOMO hour, Robit and
Razor. How's that?
There we go OK, there you go. So I'm going to share my screen
here. Boom.
So robit razor FOMO decrypt Bob, make sure of a robot account if
you want to banner location, 6 months old account, blah, blah
blah. OK, OK, and it's time to spin
and see who wins. 500 entries loaded and begin draw.
All right, so Fergie non. So Pepita.
Fergie non. FERG and Owen and Ahmed Koben.
Ahmed Koben and Fergie non. You have won.
Wow. This guy retweets thread guy
Mando and I so. And Ovie and red guys.
You'll have to see it. And Epic and Fomar.
Look at that. Oh, and red radio.
Oh, there we get God again. Yeah, we probably did.
And then. And Pepita.
Pepita, you won. Congratulations.
The matrix is real. I see your account.
All right, all right. OK, you're not OK.
You haven't gained the system. You're you're you're legit.
I can tell you legit. So Pepita and Ferjin on please
request to speak. Ahmed is already here.
OK, that was quick. Damn.
OK, G GS GGS. Definitely a real account.
If it's that quick, you'll have to see that.
And Pepita FERGNEON and Oh, I'm sorry, if if you are here, you
want Ahmed. What's up?
Oi oi. Salaam.
Alaikum Salaam. Are you ready to spin?
Inshallah. I will win, punk.
Let's go. Pepita.
What up? Can you hear me?
OK, Well, that's OK. You don't have to hear me.
You're here. Oh, you can hear OK.
I see you. I see you clapping your hands.
All right. Perfect.
Perfect.
Well, let's get Let's get to the spins.
Another thing. Sold.
Hold on fucking doodles. Doodles sold one second, let me
pick another doodles quick and then we will get to the spins.
One second, one second y'all let me replace this doodle here so
at least you get a behind the scenes of how I do this.
So what I do is I add the doodles, I put 0.5% chance of
winning the. All right, well, Are you ready
to spin? So today we got 4 punks, bunch
of middle ladies, some nice red guys, doodles and everything.
Pepita goes 1st and Ahmed second because that's the order in
which you want. All right, Pepita, let's paint
for you. close. close. Wow, that's a nice red guy.
Congratulations. Right in between two maladies.
That was close, everyone. Holy shit.
That was close. Congratulations, Pepe, that you
went red guy. All right, Ahmed, Are you ready?
Let's go. I'm going to watch from YouTube,
though. I'm going to watch from YouTube,
so I'm going to mute here. OK, OK.
Sounds good. Sounds good.
Yo-yo he, come on. Big.
Big Hey, baby. Ice red guy worth $6000.
Congratulations. Congratulations.
I'm sorry, Arjun. I see your.
I see your tweets. I'm trying.
Congratulations, Ahmed. Congratulations.
Holy shit. Thank you, guys.
What the hell? I love that.
I love you. Arjun is saying Ahmed is a bot,
but it does not sound like a bot to me.
Sounds pretty real. Congratulations, Ahmed.
Hey, thank you, guys. Thank you.
Congrats. You know, it's because you
blessed the mic before going on. That's why you won.
You love to see it. Well, congratulations.
I love you guys. Keep it up guys, keep it up.
We love you too, fab. We love you too.
I I love that. All right well, Mando Tyler,
that was another great show and with that with that with that
will start tomorrow morning, 10:00 AM Eastern Standard Time
for the episode FOMO our on rogue radio.
Let's go.