1 00:00:00,360 --> 00:00:02,360 Yo-yo, yo-yo yo what up? What up? 2 00:00:02,360 --> 00:00:07,800 Good morning, Good morning GMG and Friday. 3 00:00:07,800 --> 00:00:16,160 Wow, what a Friday. May wedding 9th, 30th, 30th Wow 4 00:00:16,800 --> 00:00:19,760 May 30th, 2025. Look at that another beautiful 5 00:00:19,760 --> 00:00:22,520 day to have a beautiful day. I got my calls in the house. 6 00:00:22,560 --> 00:00:25,920 Woo Ovi been a while. So I hosted a show with you. 7 00:00:25,920 --> 00:00:26,680 Ovi. Good morning. 8 00:00:26,680 --> 00:00:28,680 How you doing today? Good morning, man. 9 00:00:28,760 --> 00:00:30,560 Yeah, I'm good. It's Friday. 10 00:00:31,600 --> 00:00:36,520 Market's not great, actually, but we're off the lows on 11 00:00:36,520 --> 00:00:37,920 Bitcoin. At least we're off the lows on 12 00:00:37,920 --> 00:00:39,680 Bitcoin. Yeah, off the lows on some 13 00:00:39,800 --> 00:00:41,920 things. But yeah, I'm good. 14 00:00:42,360 --> 00:00:44,720 I'm glad. To see what we're definitely 15 00:00:44,720 --> 00:00:47,880 BTCD is definitely hammering up and my bags are definitely 16 00:00:47,880 --> 00:00:51,960 hammering down, that's for sure. That's every time. 17 00:00:53,760 --> 00:00:57,760 Every single time you got MF first on the timeline saying BTC 18 00:00:57,760 --> 00:01:00,440 dominance topped or or out season. 19 00:01:00,720 --> 00:01:03,960 Man, I was literally about to put out a post like yesterday 20 00:01:05,040 --> 00:01:07,120 about like, I really believe in alt season. 21 00:01:07,120 --> 00:01:08,320 I'm picking my balls on the table. 22 00:01:08,320 --> 00:01:10,920 We're going to have alt season. I'm glad I didn't because it 23 00:01:10,920 --> 00:01:12,840 would have been bad timing. I will do at some point. 24 00:01:12,840 --> 00:01:14,120 I just have to find the right moment. 25 00:01:14,880 --> 00:01:19,040 So I still do believe that. So, so hold that thought because 26 00:01:19,040 --> 00:01:20,960 I do want to talk to you about this because I put a pull out 27 00:01:21,840 --> 00:01:24,400 yesterday about do you think there's going to be an alt 28 00:01:24,400 --> 00:01:27,120 season and then the market dumped. 29 00:01:27,120 --> 00:01:29,000 But hey, I'm just asking the questions everyone. 30 00:01:29,000 --> 00:01:31,160 I'm not calling all season. I still have not made my 31 00:01:31,160 --> 00:01:34,480 personal alt season call. I'm holding it for and I'll be 32 00:01:34,480 --> 00:01:36,800 right OV you know what I mean? Because then I can be like I 33 00:01:36,800 --> 00:01:37,880 told you so. That's how. 34 00:01:38,120 --> 00:01:39,400 You do it exactly. That's how you do it. 35 00:01:39,400 --> 00:01:42,240 You know, we're like experts now, you know what I mean? 36 00:01:42,240 --> 00:01:45,160 But hold that thought because I do want to talk about it because 37 00:01:45,160 --> 00:01:47,600 I put the poll out up and also to the top of Twitter space on 38 00:01:47,600 --> 00:01:50,800 the show, guys, it's going to be short and sweet little morning 39 00:01:50,800 --> 00:01:54,440 show as Mando and Tyler are out out in the bout. 40 00:01:54,440 --> 00:01:56,760 So it'll be just Ovie and I we'll chat markets. 41 00:01:56,760 --> 00:01:58,600 I was thinking maybe overnight construct markets, especially 42 00:01:58,600 --> 00:02:00,680 because we just dumped and, you know, we're heading into the 43 00:02:00,680 --> 00:02:03,240 summer and the summer is known to have, you know, low volume, 44 00:02:03,240 --> 00:02:06,000 low this low that, but could also be fun, you know, study, 45 00:02:06,000 --> 00:02:08,400 study summer 2021. So let's talk about this. 46 00:02:08,400 --> 00:02:10,240 There's a lot of news regarding the tariffs and everything. 47 00:02:10,240 --> 00:02:11,840 So we want to talk about this. Then let's talk about, you know, 48 00:02:11,840 --> 00:02:13,680 let's talk a little bit about like building the space. 49 00:02:13,680 --> 00:02:15,440 I'll talk about racks, I'll talk about brand coins. 50 00:02:15,440 --> 00:02:16,760 Want to talk about all this stuff. 51 00:02:16,760 --> 00:02:18,520 So we'll talk about about some stuff over. 52 00:02:18,520 --> 00:02:20,440 He's been up to. I know you've you've actually 53 00:02:20,440 --> 00:02:21,640 been cooking. Love that. 54 00:02:21,640 --> 00:02:24,600 So you know the timeline and then we'll do the giveaway as 55 00:02:24,600 --> 00:02:26,080 usual. So we'll we'll give some money 56 00:02:26,080 --> 00:02:29,240 away to to a lucky winner. Someone will come on stage and 57 00:02:29,480 --> 00:02:32,920 we'll pick from the win from the referral list. 58 00:02:32,920 --> 00:02:36,320 We'll let OV pick a number and we'll give someone some money. 59 00:02:36,320 --> 00:02:38,280 And then last but not least, this show. 60 00:02:38,360 --> 00:02:42,000 This show is powered by wallet connect Wallet Connect is the 61 00:02:42,000 --> 00:02:44,360 connectivity network shaping the future of on chain UX. 62 00:02:44,360 --> 00:02:47,080 If you've connected to Web 3 app, you've seen wallet connect. 63 00:02:47,080 --> 00:02:49,960 That blue logo, it's everywhere. And I kind of trust in crypto is 64 00:02:49,960 --> 00:02:51,320 recognizable as visa. Check out. 65 00:02:51,320 --> 00:02:53,440 Want to learn more? Follow at wallet connect on X 66 00:02:53,440 --> 00:02:55,200 and Telegram to stay ahead of what's next. 67 00:02:55,640 --> 00:02:58,200 The founder and core contributor was on the show yesterday, so 68 00:02:58,200 --> 00:03:00,880 you can definitely go back and check it out as they're cooking 69 00:03:00,880 --> 00:03:03,960 OV ovi ovi. I'm curious with thoughts on the 70 00:03:03,960 --> 00:03:05,640 market here. But first, I do still have your 71 00:03:05,640 --> 00:03:08,720 Jingle, so I I may as well just I may as well just hit it. 72 00:03:10,280 --> 00:03:16,680 Daily market report brought to you by Rogue Radio Joseph. 73 00:03:16,760 --> 00:03:24,280 What's the word? Oh, you're muted on stream yard? 74 00:03:26,040 --> 00:03:27,600 Can you hear me now? Yes, Sir. 75 00:03:27,760 --> 00:03:30,000 Sorry, as I just read it from time to time, because there's a 76 00:03:30,000 --> 00:03:36,280 bit of, it's a bit noisy where I am market, you know, like I, I, 77 00:03:36,360 --> 00:03:38,640 I think I tweeted a couple of days ago that I was like, we're 78 00:03:38,640 --> 00:03:43,200 probably going to see some sort of liquidation on Bitcoin. 79 00:03:43,200 --> 00:03:45,480 Like it's very clear. Obviously, you know, the 80 00:03:46,000 --> 00:03:48,160 elephant in the room is, is James Wynn and his massive 81 00:03:48,160 --> 00:03:50,680 positions. And I think when you do that 82 00:03:50,680 --> 00:03:54,320 from one account in such a public fashion, yeah, it's your 83 00:03:54,400 --> 00:03:56,920 your easy pickings for big whales, right? 84 00:03:56,920 --> 00:04:00,040 Like, it's very easy for a bunch of people to gang up, short it, 85 00:04:00,040 --> 00:04:03,040 push it, liquidate you, cover their short in that liquidation, 86 00:04:03,040 --> 00:04:05,840 go long, push it back up again. And that's exactly what 87 00:04:05,840 --> 00:04:07,320 happened. And I think the Wick went down 88 00:04:07,320 --> 00:04:12,280 to what, like 104103 I think. Where, how I I don't even think 89 00:04:12,280 --> 00:04:13,320 we went that low yet. I. 90 00:04:14,320 --> 00:04:16,200 Think it was pretty decent weight, maybe I could be wrong. 91 00:04:17,800 --> 00:04:20,560 4-6, yeah. OK, 1046, but not not too bad. 92 00:04:20,560 --> 00:04:22,600 But you know, obviously that people had shorts to cover there 93 00:04:22,600 --> 00:04:26,280 too, so they did. So I think that's what has 94 00:04:26,280 --> 00:04:28,880 happened on Bitcoin. I just saw he's gone long again. 95 00:04:29,080 --> 00:04:32,080 No. Yeah, but it's much, it's much 96 00:04:32,080 --> 00:04:34,280 smaller size, Yeah. Oh yeah, he doesn't have size 97 00:04:34,280 --> 00:04:35,320 anymore. Never mind. 98 00:04:35,840 --> 00:04:38,360 Like 48 mil or whatever. I mean, that's still not 99 00:04:38,360 --> 00:04:44,200 nothing, but yeah, it just feels like there's a lot of long and 100 00:04:44,200 --> 00:04:46,320 leverage hunting. I think if you looked at a lot 101 00:04:46,320 --> 00:04:51,560 of the meme coins that ran up over the past few weeks, stuff 102 00:04:51,560 --> 00:04:53,760 that you know, Bonk guy was talking about, etcetera, a lot 103 00:04:53,760 --> 00:04:56,560 of them had relatively high leverage, like people just, you 104 00:04:56,560 --> 00:04:59,400 know, big lever positions and that they've been money on. 105 00:04:59,400 --> 00:05:02,000 So seeing some of that stuff wiped out, I think it's just a 106 00:05:02,000 --> 00:05:05,080 natural course of action. I think once this all cleans up, 107 00:05:05,240 --> 00:05:08,320 my guess is we continue to go higher and we continue to rally. 108 00:05:08,720 --> 00:05:11,600 And on a macro standpoint, I'm still pretty constructive and 109 00:05:11,600 --> 00:05:13,200 pretty bullish as well. Like I think the tariff 110 00:05:13,640 --> 00:05:16,000 headlines we had over this week are just for me, they were like 111 00:05:16,000 --> 00:05:17,840 nothing headlines. I was kind of surprised we 112 00:05:17,840 --> 00:05:22,200 rallied on that court ruling. I wasn't surprised that they 113 00:05:22,560 --> 00:05:25,360 overturned it. I personally thought that was 114 00:05:25,360 --> 00:05:27,880 kind of like a nothing headline. And I don't think that's really 115 00:05:28,240 --> 00:05:32,960 the real reason why we rallied. The market right now is trading 116 00:05:32,960 --> 00:05:35,120 to me like people want to buy risk, people want to keep adding 117 00:05:35,120 --> 00:05:38,200 and US money supply is still going higher, still trading 118 00:05:38,200 --> 00:05:43,320 higher. So I think we'll, we will bounce 119 00:05:43,320 --> 00:05:45,280 from here. That's my that's my hunch. 120 00:05:46,040 --> 00:05:48,640 We, yeah, I mean this range, I mean on the show we talked a lot 121 00:05:48,640 --> 00:05:50,240 about the range. So this has been kind of the 122 00:05:50,240 --> 00:05:55,640 range, whatever the one O what it was like 9090 K, one O 4K. 123 00:05:55,640 --> 00:05:57,520 The one the range has been, we've been in since like 124 00:05:57,600 --> 00:06:01,720 November and we broke out of it and then we kind of been ranging 125 00:06:01,720 --> 00:06:03,840 since. And so we were expecting to kind 126 00:06:03,840 --> 00:06:06,120 of kiss it again top range. So that's kind of where we 127 00:06:06,120 --> 00:06:08,520 bounce this morning. Yeah, it's kind of you look at, 128 00:06:08,680 --> 00:06:10,360 you look at that chart and again, I don't breathe even 129 00:06:10,360 --> 00:06:11,360 charts. We look at that chart and it 130 00:06:11,360 --> 00:06:14,400 looks like to me that we're at a level where we should bounce. 131 00:06:14,400 --> 00:06:18,040 So that's my hunch. And I know Bitcoin dominance has 132 00:06:18,040 --> 00:06:21,880 gone up, but I think that's partly due to a leverage wipeout 133 00:06:21,880 --> 00:06:25,280 and a lot of the other stuff. And I think people getting a bit 134 00:06:25,280 --> 00:06:27,160 scared, taking profits, all that kind of stuff. 135 00:06:27,560 --> 00:06:29,880 But I do think I'm a believer in alt season. 136 00:06:29,880 --> 00:06:33,520 I do think we will see alts rebound very quickly. 137 00:06:33,520 --> 00:06:36,720 Like I think it's a good spot here to buy alts or buy me 138 00:06:36,760 --> 00:06:39,760 anything that you'd like a lot that's down or maybe anything 139 00:06:39,760 --> 00:06:42,600 that you like a lot that isn't down, but it's outperforming the 140 00:06:42,600 --> 00:06:44,400 market. Like you know that also Austin 141 00:06:44,400 --> 00:06:48,640 shows its hand too. So I would I would look to go 142 00:06:48,640 --> 00:06:50,120 shopping. I think with this price action, 143 00:06:50,120 --> 00:06:52,560 that's how I feel. Look at the total 3 chart. 144 00:06:53,800 --> 00:06:58,320 Fuck it's been the same price since like it's back to like May 145 00:06:58,320 --> 00:07:00,760 20. Actually, it's back to May 2021 146 00:07:00,760 --> 00:07:02,960 prices. Yeah, exactly. 147 00:07:02,960 --> 00:07:06,280 It's it's crazy, right? So I think, yeah, I just think, 148 00:07:06,880 --> 00:07:09,720 you know, the last time we had a proper alt season was summer 149 00:07:09,720 --> 00:07:12,960 2021. And I think most people have 150 00:07:13,920 --> 00:07:16,480 accumulated so much PTSD since then. 151 00:07:16,600 --> 00:07:18,360 And no one thinks it's going to happen. 152 00:07:19,320 --> 00:07:23,440 And people have are so scarred that they want to fade moves 153 00:07:23,440 --> 00:07:28,480 high, they want to keep selling. No one is, no one is like, I 154 00:07:28,480 --> 00:07:32,640 don't think many people are prepared for the the style of 155 00:07:32,640 --> 00:07:36,800 price action we had in 2021 when things can go like 10 to 100 X 156 00:07:36,800 --> 00:07:38,600 very quickly. Every 100 million coin is a 157 00:07:38,600 --> 00:07:40,200 billion. Every billion dollar coin is 10 158 00:07:40,200 --> 00:07:43,720 billion FTV. Like things can just gap very 159 00:07:43,720 --> 00:07:46,160 quickly because of how constrained supplies and some of 160 00:07:46,160 --> 00:07:50,080 these tokens and because of how low liquidity is when a lot of 161 00:07:50,080 --> 00:07:52,760 capital comes in at the same time, things can go really 162 00:07:52,760 --> 00:07:55,560 parabolic and that that parabolic move, when it happens, 163 00:07:55,560 --> 00:07:57,880 that will be some sort of a blow off top. 164 00:07:57,880 --> 00:07:59,520 And you're you're absolutely meant to sell into that. 165 00:07:59,520 --> 00:08:01,800 And it mainly lasts for two weeks. 166 00:08:01,800 --> 00:08:04,320 It mainly lasts for two months. And I'm not really sure, but I 167 00:08:04,320 --> 00:08:06,000 do think it will happen. I think we're going to I think 168 00:08:06,000 --> 00:08:08,400 we're going to see it. I have AI have a feeling we're 169 00:08:08,400 --> 00:08:09,760 going to see it this summer, to be honest with you. 170 00:08:09,800 --> 00:08:13,800 Like that's my belief. Yeah, I mean, I put a poll out 171 00:08:13,800 --> 00:08:15,520 yesterday. It's on, I retweeted it for 172 00:08:15,520 --> 00:08:17,080 those of you who want to participate in the poll. 173 00:08:17,080 --> 00:08:21,000 But we have what, 10 hours left, 768 people responded so far. 174 00:08:21,360 --> 00:08:22,840 Do you think we're going to get an alt season? 175 00:08:22,840 --> 00:08:25,960 56.4% of my following so far thinks we are. 176 00:08:26,400 --> 00:08:28,720 So let's talk about this. I I'm always scared of calling 177 00:08:28,720 --> 00:08:30,880 for alt season. Like I said, I I've never called 178 00:08:30,880 --> 00:08:31,880 it. I don't want to call it because 179 00:08:31,880 --> 00:08:34,360 this is a weird cycle because like it's alt season, but also 180 00:08:34,360 --> 00:08:36,480 not every alt, right? Just because the alt was like 181 00:08:36,480 --> 00:08:39,120 like $10 billion last cycles, it means going back, right? 182 00:08:40,400 --> 00:08:43,760 And so you have ETH trading at 2585. 183 00:08:43,760 --> 00:08:45,760 So this actually held pretty strong this time around. 184 00:08:45,760 --> 00:08:49,720 I think he barely kissed 2000 on the Joe Lubin news with S bet 185 00:08:49,720 --> 00:08:53,320 and everything. Soul is back down to 161, not 186 00:08:53,320 --> 00:08:54,800 looking great. And then you have like, you 187 00:08:54,800 --> 00:08:56,880 know, Farko has been the leader of this cycle. 188 00:08:56,880 --> 00:09:00,080 I mean, it's got really hit pretty bad from 160. 189 00:09:00,840 --> 00:09:03,920 Pepe is also another leader of this cycle, back down to 540. 190 00:09:03,920 --> 00:09:06,120 Mug is another strong one, back to 393. 191 00:09:06,120 --> 00:09:08,200 You guys have been strong. I mean, barely down. 192 00:09:08,200 --> 00:09:11,520 And then Hyperlink, which has kind of been the winner of this 193 00:09:11,520 --> 00:09:15,040 second leg of this cycle so far. Back down to 32 from what, 194 00:09:15,760 --> 00:09:19,080 $39.00 high? So you seem to think we're 195 00:09:19,080 --> 00:09:22,880 getting it all season. When would that be, do you 196 00:09:22,880 --> 00:09:26,240 think? This is kind of like summer 197 00:09:26,240 --> 00:09:29,280 summer thing where Bitcoin relaxes a bit and we get it all 198 00:09:29,280 --> 00:09:32,200 season like in 2021. I think it's the summer. 199 00:09:32,200 --> 00:09:34,120 Yeah, I think we're, I think we're very close to it. 200 00:09:34,120 --> 00:09:37,480 And we and we've, I think we've started to see signs of it, You 201 00:09:37,480 --> 00:09:41,040 know, ETH staging A comeback, Bitcoin dominance looks like 202 00:09:41,040 --> 00:09:44,440 it's topped. You're starting to see memes 203 00:09:44,440 --> 00:09:46,960 rebound. You're starting to see like some 204 00:09:46,960 --> 00:09:49,360 good stories on alts out there as well. 205 00:09:49,360 --> 00:09:51,560 So I think we're very close to it. 206 00:09:51,560 --> 00:09:52,680 I think it could well be the summer. 207 00:09:52,720 --> 00:09:56,240 You know, I've said this on a a few times this year, but I think 208 00:09:56,240 --> 00:09:59,160 we're in for what it's famously known as the lovely summer of 209 00:09:59,160 --> 00:10:02,080 risk and the last time that 2021. 210 00:10:02,080 --> 00:10:04,880 So that's my bet. You know, I think that's what's 211 00:10:04,880 --> 00:10:06,600 going to happen. And I think the way that I view 212 00:10:06,600 --> 00:10:09,640 it, right, it's like it's going to be one of two ways. 213 00:10:09,640 --> 00:10:11,640 Either it doesn't it does happen or it doesn't happen. 214 00:10:12,280 --> 00:10:14,480 If it doesn't happen, what's the pull back going to be? 215 00:10:15,440 --> 00:10:19,480 20-30 forty, maybe 50, sixty, 70% on some also memes like it 216 00:10:19,480 --> 00:10:21,400 could be a nasty pull back if you get a pull back. 217 00:10:22,080 --> 00:10:26,480 But if it does happen, if it does happen, things are going up 218 00:10:26,480 --> 00:10:30,800 10X plus there's going to be a lot of 100 XS out there. 219 00:10:30,800 --> 00:10:34,760 So for me, it's like it's not a 0 probability. 220 00:10:34,760 --> 00:10:36,600 I think it's a greater than 5050 probability. 221 00:10:36,600 --> 00:10:40,560 But even if I only thought it was a 30 or 40% chance, even if 222 00:10:40,560 --> 00:10:43,440 I only thought it was a 20% chance, I would still try to 223 00:10:43,440 --> 00:10:47,360 position for it because if it does go up 100X, whatever it is 224 00:10:47,360 --> 00:10:50,840 or 10X, there's a lot of money to be made there, I think. 225 00:10:50,920 --> 00:10:54,200 And I just want to take that gamble. 226 00:10:54,200 --> 00:10:56,440 Like I want to take that bet. That's the way that I view it. 227 00:10:56,440 --> 00:10:58,240 I think that's a bet you want to take. 228 00:10:58,240 --> 00:11:00,720 It didn't make sense to take that at various. 229 00:11:00,800 --> 00:11:03,000 Maybe it does make sense to take that at some points last year, 230 00:11:03,000 --> 00:11:06,120 but you know, throughout Q4, it didn't really make much sense 231 00:11:06,120 --> 00:11:08,240 because you, you could see that Bitcoin was the thing. 232 00:11:08,240 --> 00:11:13,160 But now I think it's worth, it's worth gambling on that. 233 00:11:13,160 --> 00:11:14,320 I think, I think it's worth a gamble. 234 00:11:14,360 --> 00:11:16,160 It's a bet. It's not necessarily an 235 00:11:16,160 --> 00:11:17,640 investment. It's a bet, but I think it's a 236 00:11:17,640 --> 00:11:19,600 good bet. Yeah, I mean, you wrote about 237 00:11:19,600 --> 00:11:21,600 this and I saw the clip on Rex radio, which was hilarious by 238 00:11:21,600 --> 00:11:23,960 the way. But a lovely summer risk. 239 00:11:24,000 --> 00:11:26,360 All tariffs, dips continue to be great buys bears in order, 240 00:11:26,360 --> 00:11:28,200 shambles. Probability of alt season 241 00:11:28,200 --> 00:11:30,080 drastically increasing. Prepare for lovely summer of 242 00:11:30,080 --> 00:11:31,640 risk. Many people will be making 243 00:11:31,640 --> 00:11:33,680 fortunes. I do agree with that personally 244 00:11:33,680 --> 00:11:34,880 speaking. Obviously I'm positioned for it 245 00:11:34,880 --> 00:11:37,280 as well. But like I was saying earlier, I 246 00:11:37,280 --> 00:11:38,480 don't think it's going to be all alts. 247 00:11:38,480 --> 00:11:40,280 Not all alts are created equal, right? 248 00:11:41,040 --> 00:11:43,280 Especially the cycle. Not all memes are created equal 249 00:11:43,280 --> 00:11:45,840 either. Only specific memes pumped in 250 00:11:45,840 --> 00:11:50,240 the last recent pump here. How would you pick the alts 251 00:11:50,240 --> 00:11:52,200 though? Like this time around when it 252 00:11:52,200 --> 00:11:54,360 comes like where, where are you? What where's your I know your 253 00:11:54,360 --> 00:11:57,160 head's all in what you're building with RECT and busy with 254 00:11:57,160 --> 00:11:58,600 it, and obviously you're bullish on that. 255 00:11:58,600 --> 00:12:00,080 So you could use RECT as an example I guess. 256 00:12:00,080 --> 00:12:02,920 But where's your head at with this cycle for alts? 257 00:12:03,520 --> 00:12:07,000 I think I would. I would say memes fall into alts 258 00:12:07,000 --> 00:12:09,600 so I think I agree. I think there are some memes 259 00:12:09,600 --> 00:12:13,160 that have shown their hand like Pepe fart coin. 260 00:12:13,920 --> 00:12:16,360 Those are the kind of like the only two MOG. 261 00:12:16,360 --> 00:12:19,640 Those are the only three that I would say I'd feel comfortable 262 00:12:19,640 --> 00:12:22,160 like holding without looking at the price all the time. 263 00:12:23,720 --> 00:12:25,680 There are tons of other means out there, but the problem is 264 00:12:25,680 --> 00:12:27,080 they seem to have a short lifespan. 265 00:12:27,080 --> 00:12:29,760 You know, like the same cabals will run them up to 100 mil, 266 00:12:29,760 --> 00:12:31,960 dump them all and then move on to the next one. 267 00:12:31,960 --> 00:12:34,000 And maybe they'll be like a really cool coin that will come 268 00:12:34,000 --> 00:12:36,320 out that will last for a few months and what not. 269 00:12:36,320 --> 00:12:38,280 But you know, like house coin is a great example. 270 00:12:38,280 --> 00:12:40,400 Everyone was all over house coin and now it's just like, kind of 271 00:12:40,400 --> 00:12:41,920 like, I don't see anyone talking about it. 272 00:12:41,920 --> 00:12:42,440 Right. So. 273 00:12:43,560 --> 00:12:45,880 So do you think memes is is a good place to be in? 274 00:12:45,880 --> 00:12:50,040 But you know, the only ones that I would hold over for more than 275 00:12:50,040 --> 00:12:55,640 like a week would be Pepe Mog and Farkorn. 276 00:12:55,720 --> 00:12:58,320 And Farkorn, yeah. SPX is doing good, so are 277 00:12:58,320 --> 00:13:00,000 billions. Actually, you know what, I like 278 00:13:00,000 --> 00:13:01,840 SPX too. I would, I would like clearly 279 00:13:01,840 --> 00:13:03,640 they have, you know, hardcore believers. 280 00:13:03,640 --> 00:13:05,600 So I think I I would add that. To that, it's tough not to give 281 00:13:05,600 --> 00:13:07,360 him credit anymore. Like even on the show, he. 282 00:13:07,360 --> 00:13:09,720 Actually was talking about it, but he's he hasn't changed, you 283 00:13:09,720 --> 00:13:12,120 know, he hasn't changed. He's been pushing it, so fair 284 00:13:12,120 --> 00:13:16,480 enough. And then for alts, I think I'm 285 00:13:16,480 --> 00:13:18,440 still bullish on the AI stuff. I think it's worth looking at 286 00:13:18,440 --> 00:13:21,800 that. I think some of this info fire 287 00:13:21,800 --> 00:13:24,240 stuff I think will probably do really well just because 288 00:13:24,720 --> 00:13:26,840 everyone is talking about it, everyone is farming it. 289 00:13:27,440 --> 00:13:29,600 You might hate it and I personally find it quite 290 00:13:29,600 --> 00:13:33,160 annoying on my timeline, but it's hard, you know, if you hate 291 00:13:33,160 --> 00:13:34,600 it, there's probably a reason to buy it. 292 00:13:34,600 --> 00:13:36,360 You know, that's the way I view it. 293 00:13:36,360 --> 00:13:38,840 I think some of the info fire stuff will do really well. 294 00:13:39,880 --> 00:13:43,000 Obviously, you know, I'd put RECT in there, Rectus, I guess 295 00:13:43,000 --> 00:13:45,720 within the meme coin category. But you know, we call it a brand 296 00:13:45,720 --> 00:13:47,920 coin. We call it a brand coin over 297 00:13:47,920 --> 00:13:49,400 here. But yeah, that's an example of 298 00:13:49,400 --> 00:13:52,560 something where like you want to buy whatever coin you buy. 299 00:13:52,560 --> 00:13:54,400 You want to buy a coin with the team that's running it. 300 00:13:54,400 --> 00:13:56,480 And you may you may not know who they are. 301 00:13:56,480 --> 00:13:59,400 It might be an anonymous cabal or might be a Dox Fowler like 302 00:13:59,400 --> 00:14:01,560 myself. But if you want to benefit from 303 00:14:01,560 --> 00:14:03,680 old season, you want to just find things that you can hold 304 00:14:04,160 --> 00:14:07,000 over the summer where it's not going to get rugged or where you 305 00:14:07,000 --> 00:14:09,120 actually know who the guys are behind it. 306 00:14:09,120 --> 00:14:10,920 You know, people are going to be working for it, working for 307 00:14:10,920 --> 00:14:12,480 their bags, all that kind of stuff. 308 00:14:12,480 --> 00:14:15,440 You know, with SPX, you know, I'm not using this example. 309 00:14:16,560 --> 00:14:18,600 You know, Murat's not going to go away, right? 310 00:14:18,600 --> 00:14:22,400 He's going to be fucking making these Tik toks and chilling it 311 00:14:22,400 --> 00:14:25,560 as hard as you can all throughout the summer, right? 312 00:14:25,560 --> 00:14:28,840 And same thing for Rex that, you know, I'm not going away and you 313 00:14:28,840 --> 00:14:30,200 know that we're pushing aggressively and you know, 314 00:14:30,200 --> 00:14:33,000 that's my self focus now. So I think with those kinds of 315 00:14:33,000 --> 00:14:36,200 coins, if you're not in the whole like rotation game, you 316 00:14:36,200 --> 00:14:40,520 could that's those are really good like high convexity plays 317 00:14:40,520 --> 00:14:44,360 on an old season where shit like that can literally just 10X in 318 00:14:44,360 --> 00:14:48,120 the blink of an eye and before you know it suddenly it's at a 319 00:14:48,120 --> 00:14:50,680 billion. So that's the stuff I personally 320 00:14:50,680 --> 00:14:53,040 would look at. Yeah, I agree with you. 321 00:14:53,160 --> 00:14:55,360 And, and I think that the ones you named are true. 322 00:14:55,360 --> 00:14:58,840 And I'd rather buy a coin where I know people are going to like 323 00:14:58,840 --> 00:15:01,600 be building in it for, for a while. 324 00:15:01,600 --> 00:15:03,880 Or at least on the on the downside, you know, that they're 325 00:15:03,880 --> 00:15:07,640 going to be like when when you guys went from like 100 mil, 125 326 00:15:07,640 --> 00:15:10,520 mil to like what, $12 million? Yeah, it's like what, 90% Rick 327 00:15:10,520 --> 00:15:12,560 was down? Yeah, pretty much 90%, yeah. 328 00:15:12,960 --> 00:15:15,800 1992 or something like that, but at least you were like building 329 00:15:15,800 --> 00:15:17,920 something and then markets turning around and all of a 330 00:15:17,920 --> 00:15:20,960 sudden you have like the shipwrecked and the fucking 331 00:15:20,960 --> 00:15:23,760 abstract and the next one and the next one and the LA thing. 332 00:15:23,760 --> 00:15:26,320 Whatever's going on, you're announcing it's like, oh, wait, 333 00:15:26,560 --> 00:15:28,360 this thing's back up to the 120 mil. 334 00:15:28,360 --> 00:15:32,920 Oh no, I meant, but it's like I was telling OB there was a point 335 00:15:32,920 --> 00:15:35,680 the cycle earlier where like I had to, I sold a ton, like 336 00:15:35,680 --> 00:15:38,280 almost I've sold everything and I just kept wrecked because I 337 00:15:38,280 --> 00:15:40,600 was like, whatever, it's not 90%, but it's OV at least going 338 00:15:40,600 --> 00:15:42,680 to build. And then I bought back my coins, 339 00:15:42,680 --> 00:15:44,760 but my wreck was also backed all time high with it. 340 00:15:44,760 --> 00:15:46,720 So it's like, OK, it's perfect. So it's like, I think you're a 341 00:15:46,720 --> 00:15:49,800 good example, obviously talking in my back here, but at this 342 00:15:49,800 --> 00:15:51,560 stage people know and there's a lot of red guys in the audience. 343 00:15:52,240 --> 00:15:54,080 But this applies to not just OV, right? 344 00:15:54,080 --> 00:15:55,680 It applies to like just and not just wrecked. 345 00:15:55,680 --> 00:15:59,640 It applies to like other people that you think are building 346 00:15:59,640 --> 00:16:02,040 something in the space and are going to stick around. 347 00:16:02,040 --> 00:16:04,640 Some people like Launch Coin. Now they're going to go probably 348 00:16:04,640 --> 00:16:06,280 through their hardest phase right here, by the way, Launch 349 00:16:06,280 --> 00:16:09,400 Coin and they believe ecosystems like are they going to be able 350 00:16:09,400 --> 00:16:11,400 to sustain that? But I think another good example 351 00:16:11,400 --> 00:16:16,120 of these virtuals, they like they came back of the abyss. 352 00:16:16,120 --> 00:16:18,040 Like a lot of people remember the whole mean like over tools 353 00:16:18,040 --> 00:16:21,600 making $12.00 a day, whatever. I mean, look at it's kind of 354 00:16:21,600 --> 00:16:24,520 like you guys like it's kind of correct. 355 00:16:25,520 --> 00:16:28,000 Yeah. It's it topped the PICO top 356 00:16:28,000 --> 00:16:33,040 recently at $1.7 billion. It's chilling at 1.4 from a $200 357 00:16:33,040 --> 00:16:37,320 million low, $215 low. So I would invest in like those. 358 00:16:37,760 --> 00:16:39,520 How do you feel about the solely trade here? 359 00:16:39,560 --> 00:16:41,480 How do you feel, because I know you've played both your early to 360 00:16:41,480 --> 00:16:44,720 the youth stuff, you're early to moving to Solana and you've 361 00:16:44,720 --> 00:16:46,760 played the ecosystem pretty well in the eye and stuff. 362 00:16:46,760 --> 00:16:48,800 And now you know obviously you're building an Ethereum 363 00:16:48,800 --> 00:16:54,120 L1L22, I guess with abstract and you have the base, you know, 364 00:16:54,280 --> 00:16:57,080 base bridge. How do you feel about Solis here 365 00:16:57,080 --> 00:17:02,920 in in the Solana ecosystem? I do think ETH can keep 366 00:17:02,920 --> 00:17:05,280 outperforming here it feels like. 367 00:17:06,920 --> 00:17:09,400 It feels like the tide has turned on the ETH. 368 00:17:10,280 --> 00:17:12,160 I mean wow, I didn't realize that chart is where it is now. 369 00:17:12,160 --> 00:17:13,839 That's crazy. I didn't either, yeah. 370 00:17:14,079 --> 00:17:16,240 Yeah, jeez. So from these levels, I'm not 371 00:17:16,240 --> 00:17:18,520 sure because it's had a big correction already, but I do 372 00:17:18,520 --> 00:17:19,720 think ETH will keep doing well here. 373 00:17:19,720 --> 00:17:23,319 I do think ETH, BTC at least can go higher. 374 00:17:23,319 --> 00:17:26,400 It just feels like ETH now sort of the momentum has shifted 375 00:17:26,400 --> 00:17:29,040 where ETH sort of has the wind beneath its sails a bit. 376 00:17:29,040 --> 00:17:31,560 I think people are getting a bit tired, getting a bit tired of 377 00:17:31,560 --> 00:17:36,560 the whole like meme coin like Internet capital markets thing 378 00:17:36,560 --> 00:17:38,840 going on where like everything is just a scam basically. 379 00:17:38,840 --> 00:17:42,520 You know, like at least at least with meme coins it was like, oh, 380 00:17:42,520 --> 00:17:45,720 you know, these are people are not promising you any value. 381 00:17:45,720 --> 00:17:47,960 But like with the whole this like Internet capital market 382 00:17:47,960 --> 00:17:50,960 stuff, I've seen so many coins where like, oh, we have this 383 00:17:50,960 --> 00:17:53,480 like app in the App Store and shit and like I try and download 384 00:17:53,480 --> 00:17:54,680 the app. It doesn't even work. 385 00:17:55,240 --> 00:17:57,600 I'm thinking like, is anyone else actually like trying this 386 00:17:57,600 --> 00:17:59,640 shit? Or is it just all these like Web 387 00:17:59,640 --> 00:18:01,560 2 extractors coming in, you know, making money off it? 388 00:18:01,560 --> 00:18:04,920 So I think that all that stuff's put a bit of a bad taste in 389 00:18:04,920 --> 00:18:08,840 people's mouths for Solana. I do think ETH can have a bit of 390 00:18:08,840 --> 00:18:12,160 momentum here against it. I don't hate or dislike Solana. 391 00:18:12,160 --> 00:18:13,880 I love Solana and I think it's a lot of fun. 392 00:18:14,160 --> 00:18:18,080 I think the casino will always be the casino that will always 393 00:18:18,080 --> 00:18:21,360 remain. But it does feel like the ETH, 394 00:18:21,640 --> 00:18:26,680 it feels like some of the big ETH guys are making moves and 395 00:18:26,680 --> 00:18:29,920 the whole aspect thing with Joe Lubin, etcetera, like they're, 396 00:18:30,000 --> 00:18:33,720 they're big guys, they're making moves, trying to push ETH again. 397 00:18:33,800 --> 00:18:37,280 And that's something I think you don't want to fade, I would say. 398 00:18:38,640 --> 00:18:42,280 Yeah, it's it's that's definitely the case right now. 399 00:18:42,280 --> 00:18:44,040 And I think that's a good take. And then you have all the, like 400 00:18:44,040 --> 00:18:46,720 you said, all the info fi I'm actually curious what's Kaido 401 00:18:46,720 --> 00:18:48,720 trading at right now? I was like a 2 billion FDV the 402 00:18:48,720 --> 00:18:50,320 other day. Still at 2 billion. 403 00:18:50,400 --> 00:18:54,520 Jesus fucking Christ. Strong, strong Jesus. 404 00:18:54,680 --> 00:18:56,680 Wow, this is good. So you have that and then 405 00:18:56,680 --> 00:18:58,680 obviously right now the Laudio stuff and then you have the 406 00:18:58,680 --> 00:19:02,160 newer stuff this cycle, which is like hyper liquid, which is 407 00:19:02,160 --> 00:19:05,520 trading really well. It's $30 thirty, $1.00 still. 408 00:19:05,520 --> 00:19:08,560 So it's, it's pretty impressive. So there's a lot of good stuff 409 00:19:09,000 --> 00:19:11,800 in that sense. And so one last thing, the 410 00:19:11,800 --> 00:19:13,240 tariff stuff, you don't you're not worried. 411 00:19:13,240 --> 00:19:17,880 So what's your read on like? I know Trump loves to come too 412 00:19:17,880 --> 00:19:20,680 late, Jerome Powell and the rate cuts and everything, but 413 00:19:20,680 --> 00:19:22,120 inflation is high. It's like, what's your general 414 00:19:22,120 --> 00:19:24,480 sentiment here on macro JP and everything I? 415 00:19:25,200 --> 00:19:29,400 Don't know, I think I'm not that worried about macro like other 416 00:19:29,400 --> 00:19:32,320 people are. My core view is that tariffs 417 00:19:32,320 --> 00:19:34,000 will get resolved because they have to. 418 00:19:34,520 --> 00:19:37,760 I think right now it's just a lot of posturing and posing and 419 00:19:38,160 --> 00:19:39,880 people trying to get the best deal for themselves. 420 00:19:39,880 --> 00:19:41,200 But I do think we'll see resolutions. 421 00:19:41,200 --> 00:19:44,040 We, we see progress, then we see a stall, then we see progress, 422 00:19:44,040 --> 00:19:46,000 then we see a stall. But the general trend of 423 00:19:46,000 --> 00:19:49,200 progress I think has been up since we had that big crash in 424 00:19:49,200 --> 00:19:51,880 April. And if you look at the economic 425 00:19:51,880 --> 00:19:55,760 data, you know, like inflation is still whatever it is, 2.8%. 426 00:19:55,760 --> 00:19:59,000 I know we expect it to go high now because of the current 427 00:19:59,000 --> 00:20:02,040 tariffs that are in place, but it's not like we're starting at 428 00:20:02,040 --> 00:20:03,560 like a relatively low base. It's nothing. 429 00:20:03,560 --> 00:20:06,320 It's nothing that's crazy. And we're also starting with 430 00:20:06,320 --> 00:20:09,160 interest rates in the base rate still in the mid fours. 431 00:20:09,200 --> 00:20:11,400 Whereas in 2022, you just remember like the base rate was 432 00:20:11,400 --> 00:20:14,960 basically zero and then inflation started to go higher. 433 00:20:15,280 --> 00:20:18,880 And then we're like, shit, the Fed has like no wiggle room if, 434 00:20:19,080 --> 00:20:21,880 you know, if shit hits the fan and we go into a recession. 435 00:20:21,880 --> 00:20:24,880 Whereas right now. If you do head into recession, 436 00:20:24,880 --> 00:20:27,760 in that case, you know, inflation usually stays low. the 437 00:20:27,760 --> 00:20:30,400 Fed has so much room to cut if it needs to, like it has a war 438 00:20:30,400 --> 00:20:35,200 chest of of room to cut. So I actually think we're in a 439 00:20:35,200 --> 00:20:37,360 pretty healthy position from a macro standpoint. 440 00:20:37,360 --> 00:20:40,040 And I think if you look at the US money supply chart, that 441 00:20:40,040 --> 00:20:45,080 keeps growing and it is a good leading indicator of Bitcoin. 442 00:20:45,080 --> 00:20:47,920 It always has been in the past. And once again, it's proven to 443 00:20:47,920 --> 00:20:52,200 be true and you can see what, you know, Raul and Julian 444 00:20:52,200 --> 00:20:54,080 Bessell and the, and the Real Vision guys post about that. 445 00:20:54,080 --> 00:21:00,160 But if they've nailed it really. And you know, that's what I 446 00:21:00,160 --> 00:21:04,680 think that's why I'm still bullish from a macro standpoint. 447 00:21:04,680 --> 00:21:06,360 I'm still bullish from a crypto standpoint. 448 00:21:07,280 --> 00:21:10,400 I think people are just, I don't know, I think people are just a 449 00:21:10,400 --> 00:21:13,240 bit scared for no reason because they've just lost money on meme 450 00:21:13,240 --> 00:21:15,080 coins or something like that. It's good though, right? 451 00:21:15,240 --> 00:21:16,400 Like you need these pull backs, right? 452 00:21:16,400 --> 00:21:17,840 Like at some point, like you feel the froth. 453 00:21:18,880 --> 00:21:24,760 So it's, it's often, you know, every time I buy a watch, I 454 00:21:24,760 --> 00:21:29,400 should sell My Portfolio like. Well, you, you kind of do if you 455 00:21:29,400 --> 00:21:31,560 sell your portfolio, some of your portfolio to buy a watch 456 00:21:31,560 --> 00:21:34,320 you've actually like cashed. Out, I know, but it's like 1%. 457 00:21:34,320 --> 00:21:38,280 I know yeah, about 1% or yeah, maybe. 458 00:21:41,200 --> 00:21:44,200 Fuck, you know what I mean? I'm getting like I'm getting. 459 00:21:44,440 --> 00:21:48,200 I'm getting fucking Lana and Wiz are fucking ripping me a new one 460 00:21:48,200 --> 00:21:50,600 right now in the chat. So it's like when you buy your 461 00:21:50,600 --> 00:21:55,240 watch again, fuck you. So so you know, anyways, I do 462 00:21:55,240 --> 00:21:58,600 want to move on here to to to wrecked and what you up to? 463 00:21:58,600 --> 00:22:01,720 You've been killing it. I love it, I love it, I love it, 464 00:22:01,720 --> 00:22:03,120 love it. You talking about info Fi this 465 00:22:03,120 --> 00:22:04,120 and that. I mean, you guys are doing it 466 00:22:04,120 --> 00:22:07,640 without any of the you know, you kind of like the I mean, I guess 467 00:22:07,640 --> 00:22:09,200 you've built your own brands. It's different, like even for 468 00:22:09,200 --> 00:22:11,360 me, right, it's different. Like I don't necessarily need to 469 00:22:11,360 --> 00:22:12,880 go through all the info fi stuff, though. 470 00:22:13,040 --> 00:22:16,880 I I think about it sometimes, but with wrecked and I think the 471 00:22:16,880 --> 00:22:18,800 most interesting post you've put out there, and you know, we 472 00:22:18,800 --> 00:22:20,840 often joke about on the show, but in a good way because we 473 00:22:20,840 --> 00:22:24,720 love it, is brand coins. You've you've kind of coined 474 00:22:24,720 --> 00:22:26,840 that. So tell me Obie, what? 475 00:22:26,920 --> 00:22:31,200 What the fuck is a brand coin? Let let me put it this way. 476 00:22:31,240 --> 00:22:35,640 So the the meme coin space is a very big space. 477 00:22:36,560 --> 00:22:38,760 Pepe, is that a meme? Yes, it's a meme. 478 00:22:40,280 --> 00:22:42,760 Is with a meme? Yeah, it's probably a meme. 479 00:22:43,520 --> 00:22:47,040 Is Trump token a meme? Probably not, right? 480 00:22:47,040 --> 00:22:49,560 Like I guess you can make memes about Trump, but it's probably 481 00:22:49,560 --> 00:22:51,960 not a meme coin, right? Is MOG a meme? 482 00:22:52,480 --> 00:22:54,200 I don't think so. Like, you know, I think it's 483 00:22:54,200 --> 00:22:55,800 more of a culture coin. It's more of a movement. 484 00:22:56,120 --> 00:22:58,360 Is SPX 6900 a meme? Like not really. 485 00:22:58,360 --> 00:23:00,240 It's not a well known meme. Again, that's more of a 486 00:23:00,240 --> 00:23:03,440 movement. So I think like within the broad 487 00:23:03,440 --> 00:23:05,640 category of meme coins, which I think the best definition of 488 00:23:05,640 --> 00:23:10,400 that is like coins that have no provide no utility and have no 489 00:23:10,560 --> 00:23:14,120 cash flows or revenues. It's a very broad term. 490 00:23:14,120 --> 00:23:17,760 So I think like for us just to say, OK, Rect is a meme coin, it 491 00:23:17,760 --> 00:23:22,560 didn't feel like it really classified it in the proper way, 492 00:23:22,800 --> 00:23:24,920 especially because I think, you know, I'd see a lot of comments 493 00:23:24,920 --> 00:23:27,720 of people saying, oh, you know, Rect isn't really a meme. 494 00:23:27,720 --> 00:23:30,080 Like there's no, there's no meme to be had there. 495 00:23:30,480 --> 00:23:32,800 Rect guy, I think is sort of like a memetic character. 496 00:23:32,800 --> 00:23:35,080 But again, like it's not really, it's not really there. 497 00:23:35,080 --> 00:23:38,920 It's a strong meme, but what I do like the idea of a single a 498 00:23:38,920 --> 00:23:41,400 brand coin, which I think still fits into the meme coin category 499 00:23:41,400 --> 00:23:47,000 because again, like it has no utility and no like intrinsic 500 00:23:47,000 --> 00:23:48,280 value. There's no way you can value it 501 00:23:48,280 --> 00:23:53,480 on like a model driven basis. So let me put it this way. 502 00:23:53,680 --> 00:23:59,520 Let's say you're like a everyone likes some challenger and start 503 00:23:59,520 --> 00:24:01,040 up brands out there. Let's say you find like a cool 504 00:24:01,040 --> 00:24:04,280 clothing company really early and you want to support them. 505 00:24:04,560 --> 00:24:06,280 How do you support them? Maybe you share them on your 506 00:24:06,280 --> 00:24:08,600 socials and stuff. You buy products from them and 507 00:24:08,600 --> 00:24:11,000 let's say in five years time they blow up and become huge and 508 00:24:11,000 --> 00:24:14,440 global. And what do you have to trade 509 00:24:14,440 --> 00:24:15,520 for it? Well, maybe you have some like 510 00:24:15,520 --> 00:24:17,760 pictures of yourself, like buying the early clothes. 511 00:24:17,760 --> 00:24:20,320 Maybe some of those are valuable or you have some bragging rights 512 00:24:20,320 --> 00:24:21,960 by saying, Oh yeah, I found these guys five years ago. 513 00:24:21,960 --> 00:24:25,720 But that's that's kind of it. Like as a supporter and an early 514 00:24:25,720 --> 00:24:28,080 Finder of that brand, you haven't really been rewarded for 515 00:24:28,080 --> 00:24:30,920 it. Now let's say you buy some red 516 00:24:30,920 --> 00:24:35,800 drinks and you earn some red coin and you hold that coin over 517 00:24:35,800 --> 00:24:38,040 the next five years. And let's say in five years time 518 00:24:38,040 --> 00:24:40,320 wrecked becomes massive and we crush it and we absolutely kill 519 00:24:40,320 --> 00:24:42,760 it. Will that coin be higher in 520 00:24:42,760 --> 00:24:45,360 value even though it doesn't own the IP, even though it doesn't 521 00:24:45,360 --> 00:24:48,400 directly benefit from revenues? The answer is still probably 522 00:24:48,400 --> 00:24:50,920 yes, because coins trade on sentiment. 523 00:24:50,920 --> 00:24:52,560 They trade on speculation, they trade on attention. 524 00:24:52,880 --> 00:24:55,320 And if we kill it in five years time, it will probably be higher 525 00:24:55,320 --> 00:24:57,040 because it will be commanding a lot of attention. 526 00:24:57,040 --> 00:25:00,320 And I think the success that we've had in the last couple of 527 00:25:00,320 --> 00:25:03,960 months, you know where the coin is 5X basically has shown you 528 00:25:03,960 --> 00:25:07,480 that it does trade on that attention and that success. 529 00:25:07,480 --> 00:25:11,880 So in this, you know, instance, if you support the brand and you 530 00:25:11,880 --> 00:25:14,520 buy the products early and you get involved, you, you know, 531 00:25:14,520 --> 00:25:17,280 when you buy Coca-Cola, you just buy the drink, drink it, and 532 00:25:17,280 --> 00:25:18,440 then you kind of like get on with. 533 00:25:18,440 --> 00:25:20,440 Your. You buy a red drink, drink it, 534 00:25:20,440 --> 00:25:22,080 hopefully you like it, and then you earn some of the coin. 535 00:25:22,080 --> 00:25:25,040 And if you then hold it over a few years and we kill it, you've 536 00:25:25,040 --> 00:25:26,560 now like, have a stake in that, right? 537 00:25:26,560 --> 00:25:29,920 You have a stake in this, you know this brand and I think you 538 00:25:29,920 --> 00:25:36,120 know on the on the balance sheet of any brand, you will have a 539 00:25:36,120 --> 00:25:39,640 line which says goodwill, which is an intangible asset. 540 00:25:39,640 --> 00:25:41,480 And that's generally the value of the brand. 541 00:25:41,480 --> 00:25:43,200 They estimate it. There's no actual number for it, 542 00:25:43,200 --> 00:25:45,240 but they estimate it. So Coca-Cola will have a 543 00:25:45,240 --> 00:25:47,880 goodwill line outs when the balance sheet like, I don't 544 00:25:47,880 --> 00:25:50,880 know, Hugo Boss. I don't know why I said Hugo 545 00:25:50,880 --> 00:25:53,120 Boss pretty random, but Hugo Boss will have good, you know, 546 00:25:53,120 --> 00:25:53,960 good ball lands to the match sheet. 547 00:25:53,960 --> 00:25:55,920 That's like the value of the brand, right? 548 00:25:55,920 --> 00:25:58,720 It's intangible because you can't really refine it. 549 00:26:00,120 --> 00:26:02,720 But you know, this is kind of what like a brand coin is like 550 00:26:03,000 --> 00:26:05,160 people are buying and selling this brand based on their 551 00:26:05,160 --> 00:26:06,440 sentiment and the feelings of it. 552 00:26:06,440 --> 00:26:10,400 It's an intangible thing, but it's been like packaged up into 553 00:26:10,400 --> 00:26:12,480 something that's a tradeable asset that actually has a price 554 00:26:12,480 --> 00:26:15,040 and has buyers and sellers. So the way that I view it is 555 00:26:15,040 --> 00:26:19,440 like a brand coin is kind of like that goodwill line item on 556 00:26:19,440 --> 00:26:21,880 your balance sheet, which is like the intangible value of the 557 00:26:21,880 --> 00:26:25,040 brand. And that I think is an 558 00:26:25,040 --> 00:26:26,400 interesting way to really look at it. 559 00:26:26,760 --> 00:26:29,680 And that's why I think this is potentially, you know, like 560 00:26:29,920 --> 00:26:32,160 revolutionary. I think like if we if we do 561 00:26:32,160 --> 00:26:34,800 really well at this time, we kill it, which have, you know, 562 00:26:34,880 --> 00:26:37,240 high confidence that we will, I think people will look at it and 563 00:26:37,240 --> 00:26:40,360 be like, man, that's, you know, that's an interesting way to do 564 00:26:40,360 --> 00:26:43,080 this and approach this stuff. I like that. 565 00:26:43,120 --> 00:26:44,200 I like. So let me ask you something 566 00:26:44,200 --> 00:26:46,400 because, you know, we were talking that was news this week 567 00:26:46,400 --> 00:26:48,760 and it was actually super sad to see, obviously, but like 90CC 568 00:26:48,760 --> 00:26:50,160 had to wind down their operations, right? 569 00:26:50,640 --> 00:26:54,000 And they were a company that was trying to crack into like a 570 00:26:54,120 --> 00:26:56,240 pretty tough industry, which is the fashion industry. 571 00:26:57,200 --> 00:26:59,640 They were doing well in what 3 at least the beginning. 572 00:26:59,640 --> 00:27:00,840 You know, they sold that many times. 573 00:27:00,840 --> 00:27:02,800 I don't know. And then, you know, they tried 574 00:27:02,800 --> 00:27:04,840 to crack in the fashion industry and I think G money had to wind 575 00:27:04,840 --> 00:27:06,480 down because of that. It just didn't work, right? 576 00:27:06,480 --> 00:27:09,680 And then they ran out of money. Obviously it's way different 577 00:27:09,680 --> 00:27:11,360 approach because you have the token, you have the equity of 578 00:27:11,360 --> 00:27:13,400 the NFT community. So I don't want to compare or 579 00:27:13,400 --> 00:27:15,200 take away from what you've got because it's actually impressive 580 00:27:15,200 --> 00:27:16,160 and I've been there since day one. 581 00:27:16,720 --> 00:27:19,760 But how do you plan on cracking into that web to like even Luca, 582 00:27:19,760 --> 00:27:21,960 right, with the toys? It's I'm sure it's not that 583 00:27:21,960 --> 00:27:25,360 easy, by the way. So how are you planning to like 584 00:27:25,360 --> 00:27:28,800 crack into that web to, you know, drinking industry? 585 00:27:28,800 --> 00:27:31,960 Because there's a lot, right? Yeah, it's not easy at the 586 00:27:31,960 --> 00:27:33,880 beginning. At the beginning when you are 587 00:27:34,040 --> 00:27:37,360 telling people about this idea that you have with no numbers on 588 00:27:37,360 --> 00:27:39,400 the table and nothing to show for it, it's very tough. 589 00:27:40,200 --> 00:27:43,880 But once you start paying some numbers up, it actually becomes 590 00:27:44,360 --> 00:27:46,480 much, much easier than I think people realize. 591 00:27:46,480 --> 00:27:48,680 Because you know, we did the first drop, right? 592 00:27:48,680 --> 00:27:52,680 And then the first drop, we sold like more sparkling water in 2 593 00:27:52,680 --> 00:27:56,360 days than Tesco does in, in across all of the sparkling 594 00:27:56,360 --> 00:27:58,720 water brands in the same time period in the whole of the UK. 595 00:27:59,200 --> 00:28:01,560 So like these numbers are not small numbers that we've sold 596 00:28:01,640 --> 00:28:03,760 half a million drinks almost in just three days of sales. 597 00:28:03,760 --> 00:28:06,760 So when you have numbers to like that and then you go to like the 598 00:28:06,760 --> 00:28:09,960 Web 2 or traditional guys, everyone is like, what the fuck 599 00:28:09,960 --> 00:28:11,880 is going on? Like how are you guys selling so 600 00:28:11,880 --> 00:28:13,080 many drinks? How have we not heard about 601 00:28:13,080 --> 00:28:15,320 this? How are you guys doing it just D 602 00:28:15,320 --> 00:28:17,360 to C from your website without even having distributors, 603 00:28:17,360 --> 00:28:19,480 without having anything on wholesale? 604 00:28:19,720 --> 00:28:23,000 Like it's a very like new thing that I think is very disruptive. 605 00:28:23,000 --> 00:28:26,520 So actually like on that side of things, it's been really easy to 606 00:28:26,840 --> 00:28:30,080 have those conversations because we can say, hey, look, we are a 607 00:28:30,120 --> 00:28:32,400 Web 3 brand and we've been building this for three years. 608 00:28:32,400 --> 00:28:33,720 This is the size of our community. 609 00:28:34,120 --> 00:28:37,600 This is how cult like and sticky and strong our community is 610 00:28:37,600 --> 00:28:39,840 because every time we do these drinks, they sell out within, 611 00:28:40,160 --> 00:28:43,760 you know, a few minutes now. And this is the potential for 612 00:28:43,760 --> 00:28:45,560 something to be a lot bigger. And obviously people have stuff 613 00:28:45,560 --> 00:28:49,920 like prime in their mind from in from recently and other drinks 614 00:28:49,920 --> 00:28:51,680 brands when they first start out and and take off. 615 00:28:51,680 --> 00:28:54,200 So this is, I think very, very similar thing, but the web 3 616 00:28:54,200 --> 00:28:58,920 version of it. And by the end of this year, you 617 00:28:58,920 --> 00:29:01,680 will see some pretty big moves, I think in terms of getting us 618 00:29:01,680 --> 00:29:05,520 having a footprint in the traditional world. 619 00:29:05,520 --> 00:29:08,840 And that's the thing I think we really need for because right 620 00:29:08,840 --> 00:29:11,000 now, like we have some great people in, but no, I feel like 621 00:29:11,000 --> 00:29:14,360 no one, there's no apart from us and our community. 622 00:29:14,640 --> 00:29:17,160 Like all the wrecked whales are like people within the wrecked 623 00:29:17,160 --> 00:29:19,040 community. I feel like there's no, there's 624 00:29:19,040 --> 00:29:22,960 no big CT person out there who owns wrecked or even talks about 625 00:29:22,960 --> 00:29:25,600 it or has even looked at it, which I think is a bullish thing 626 00:29:25,600 --> 00:29:27,320 because it means there are buyers out there. 627 00:29:27,680 --> 00:29:29,520 If this thing takes off, there are buyers out there who will 628 00:29:29,520 --> 00:29:32,600 want to buy into it. I think they're starting to like 629 00:29:32,600 --> 00:29:33,920 the other day. I mean, I sent you a screenshot. 630 00:29:33,920 --> 00:29:37,640 I'm the one named them, but they had like pretty big whale hit me 631 00:29:37,640 --> 00:29:39,640 up like, yo, why do you like Rex so much? 632 00:29:39,960 --> 00:29:41,560 And then I wrote them and This is why I like it. 633 00:29:41,560 --> 00:29:44,320 So maybe that's how it starts. But you're right, like they 634 00:29:44,320 --> 00:29:46,520 don't it's not like let's say like, and I'm not calling out on 635 00:29:46,520 --> 00:29:49,320 them or or the threat guys of this world. 636 00:29:49,320 --> 00:29:51,040 And it's not me calling. I'm just saying like I'm naming 637 00:29:51,040 --> 00:29:54,960 easy top like gamesies or like aside from your homies, you 638 00:29:54,960 --> 00:29:58,880 know, it's not like a lot of big CT folks just talk about it, but 639 00:29:58,880 --> 00:30:01,040 it's a pretty successful model so far. 640 00:30:01,360 --> 00:30:04,280 Yeah, I, I agree. And I think like for us, once we 641 00:30:04,280 --> 00:30:07,840 start doing the mainstream stuff, I think that's when 642 00:30:08,240 --> 00:30:10,240 things will click and people will suddenly realize, yeah, 643 00:30:10,240 --> 00:30:12,360 pudgy Penguins, you pudgy Penguins had their early 644 00:30:12,360 --> 00:30:14,560 supporters. They had, you know, everyone who 645 00:30:14,560 --> 00:30:16,120 backed and believed Luke at the beginning. 646 00:30:16,400 --> 00:30:18,960 But it wasn't until the Walmart thing that people were like, oh, 647 00:30:18,960 --> 00:30:22,320 fuck, this is like legit now. It's not just going to be like 648 00:30:22,440 --> 00:30:26,520 a, you know, Web 3 circle Jack thing. 649 00:30:26,520 --> 00:30:28,080 It's it's actually going, going mainstream. 650 00:30:28,080 --> 00:30:30,960 I think we haven't had that moment yet and that's what we're 651 00:30:30,960 --> 00:30:33,200 trying to work towards. Is that moment coming? 652 00:30:34,520 --> 00:30:35,880 It will come that moment will come it. 653 00:30:36,560 --> 00:30:39,040 Will come, I like that it will. I like that it will come. 654 00:30:39,040 --> 00:30:41,400 It's you're right. It's funny in this space we 655 00:30:41,400 --> 00:30:43,360 obsessed over like all being within web 3 and stuff. 656 00:30:43,360 --> 00:30:46,400 It's kind of like reminds us of NF TS 2021, like we found to the 657 00:30:46,400 --> 00:30:48,320 I found through it at least, and a lot of people did. 658 00:30:48,320 --> 00:30:51,120 Whenever a celebrity with PFP fucking cool cat or punk or 659 00:30:51,120 --> 00:30:54,280 whatever, be like, Oh my God, we made it and then the floor would 660 00:30:54,280 --> 00:30:56,520 pop like crazy and then like you'd realize they don't really 661 00:30:56,520 --> 00:30:59,320 care. And then and then this time 662 00:30:59,320 --> 00:31:01,880 around it's like different. We want to get our products into 663 00:31:01,880 --> 00:31:05,040 web 2, you know, like Walmart and you know, for you, I, I, I 664 00:31:05,040 --> 00:31:07,240 don't know what you got planned, but you'll probably you talk a 665 00:31:07,240 --> 00:31:09,240 lot about boots, let's say. So I'll just say boots, like 666 00:31:09,520 --> 00:31:11,320 boots in the UK or something like this, But that's, that's, 667 00:31:11,320 --> 00:31:12,480 it's different. It's actually much more 668 00:31:12,480 --> 00:31:14,760 valuable, if anything, and that's what we want most. 669 00:31:14,760 --> 00:31:16,920 So I think that's that's when it's funny. 670 00:31:16,920 --> 00:31:20,160 It's when people wake up to the product instead of early on, But 671 00:31:21,120 --> 00:31:24,040 you know every. I think on the, you know, an 672 00:31:24,040 --> 00:31:26,280 outside person who's not involved in the rec ecosystem 673 00:31:26,280 --> 00:31:28,080 probably looks at it and thinks, oh, that's kind of cool. 674 00:31:28,080 --> 00:31:30,560 But you know, how do we know they're going to keep doing it? 675 00:31:30,560 --> 00:31:34,600 But as soon as you're in, you know, like a household name, 676 00:31:34,680 --> 00:31:36,760 then that's when people, I think, wake up and like, oh, 677 00:31:36,800 --> 00:31:38,480 shit like this can be can. Be big. 678 00:31:39,120 --> 00:31:41,520 Yeah, You know, everybody buys rec to the price they deserve. 679 00:31:42,800 --> 00:31:45,600 So, so I love that any I mean though, you know, I cannot, I 680 00:31:45,600 --> 00:31:47,840 think we, we've gone around the home pretty well on markets and 681 00:31:47,840 --> 00:31:48,880 rec. But like, is there anything else 682 00:31:48,880 --> 00:31:50,560 you want to shout out on the rec side? 683 00:31:52,840 --> 00:31:54,840 That's kind of it we have. So we have this open C drop 684 00:31:54,840 --> 00:31:57,200 coming up pretty soon. What's that about? 685 00:31:58,040 --> 00:31:59,480 So it's just a next ring. Hey, I've got. 686 00:32:01,320 --> 00:32:04,760 That's the can. Hey, let's go, I. 687 00:32:04,960 --> 00:32:06,760 Have my first one this week actually. 688 00:32:06,760 --> 00:32:09,520 It's pretty good. Yeah. 689 00:32:09,520 --> 00:32:11,480 So we had, that's our next drop. We have that coming up. 690 00:32:12,600 --> 00:32:15,920 It's going to be on open C that you're going to be able to buy 691 00:32:16,480 --> 00:32:21,640 NFTS on abstract and you'll earn open CXP, you'll earn abstract 692 00:32:21,640 --> 00:32:24,720 XP, and you'll also earn recs drag points as well. 693 00:32:24,720 --> 00:32:27,880 So there's like a triple reward system baked into this one. 694 00:32:28,960 --> 00:32:32,120 And if you want to take part, we've made an allowance for 695 00:32:32,120 --> 00:32:35,160 anyone who purchased drinks in the past or people who own rec 696 00:32:35,160 --> 00:32:38,040 guys or if you own like $100 worth of rec coin. 697 00:32:38,320 --> 00:32:41,080 But also we're running an allowance for raffle as well. 698 00:32:41,080 --> 00:32:43,960 So just head over to the rec drinks account and you can see 699 00:32:43,960 --> 00:32:46,840 all the information there. The raffle I think closes in 700 00:32:46,840 --> 00:32:49,400 about a day, so make sure you like you get involved there. 701 00:32:50,080 --> 00:32:53,320 All right, there you go. Make sure you get involved over 702 00:32:53,320 --> 00:32:57,240 there and check it out. As our coins continue to get 703 00:32:57,240 --> 00:32:59,800 decimated, I wonder when that bottoms in the form will be. 704 00:33:00,440 --> 00:33:03,680 Is shit going down again? But it's just kind of not great. 705 00:33:05,160 --> 00:33:07,880 It's just kind of not great. All right, let me get to this 706 00:33:07,880 --> 00:33:11,000 YID stuff. It's just our our YID daddy 707 00:33:11,000 --> 00:33:19,040 Mando did not top up our account, so I need to front it. 708 00:33:20,000 --> 00:33:23,120 Hold on Shit. I I didn't send I didn't send 709 00:33:23,120 --> 00:33:26,840 money here to the seed account I was looking at yeah one second 710 00:33:26,840 --> 00:33:30,160 it'll take 2 seconds to deposit. I got a deposit 500 bucks at 711 00:33:30,160 --> 00:33:34,920 least so that we can so that we can play and then we'll pick a 712 00:33:34,920 --> 00:33:38,080 winner In the meantime, Ovi, maybe you pick a number between 713 00:33:38,080 --> 00:33:47,720 1:00 and like 100 and then I'll. ATA. 88 I like that one second 714 00:33:47,720 --> 00:33:53,480 USDC to this account for Roc dot E one second pick 88 probably 715 00:33:53,480 --> 00:33:55,560 got to count 88 times. All right, one second. 716 00:33:57,040 --> 00:34:06,160 OK, I fronted 510 dollars. OK, I fronted 510 USDC for the 717 00:34:06,160 --> 00:34:07,640 record. Boom, OK, boom. 718 00:34:07,640 --> 00:34:09,400 OK, so that's Connor, he's an idiot. 719 00:34:09,400 --> 00:34:11,360 So now let me go to the referral. 720 00:34:11,360 --> 00:34:13,920 So today, since we don't have Sims without the raffle bot, 721 00:34:13,920 --> 00:34:16,400 we're going to pick someone that's directly using the formal 722 00:34:16,400 --> 00:34:18,520 reflink. You know, because that's only 723 00:34:18,520 --> 00:34:23,679 fair in my opinion, to give back to the people use our reflinks. 724 00:34:23,679 --> 00:34:28,120 Make sure you go to e.com/andthennot/just formal our 725 00:34:28,120 --> 00:34:31,000 referred users loading man, they're killing it over here. 726 00:34:31,199 --> 00:34:34,639 Like I, I like how you guys, you went direct way, you know, 727 00:34:34,639 --> 00:34:36,760 you're building your things out the tabs and it's helping you a 728 00:34:36,760 --> 00:34:38,880 lot on that front. And then Mando, you know, and 729 00:34:38,880 --> 00:34:44,000 KBM went the went the heat way. Yeah, yeah, it's weird. 730 00:34:44,000 --> 00:34:47,679 Like I and everyone's been extremely busy as well. 731 00:34:47,679 --> 00:34:51,400 So it's just like I wake up, I'm just like working on rec stuff 732 00:34:51,400 --> 00:34:54,960 like the entire time. And then like I probably speak 733 00:34:54,960 --> 00:34:57,600 to speak to tabs all day. I probably speak to tabs more 734 00:34:57,600 --> 00:35:00,880 than I speak to anyone else right now. 735 00:35:01,880 --> 00:35:04,640 And then yeah, just sleep and then wake up at the same again.