1 00:00:00,320 --> 00:00:04,080 Good morning, Good morning, everyone. 2 00:00:04,320 --> 00:00:11,400 GMGM and welcome to another episode of Omo Hour Day. 3 00:00:12,160 --> 00:00:18,600 It's Tuesday, April 29th, 2025 and folks, another green morning 4 00:00:18,760 --> 00:00:21,400 out there with crypto outperforming once again. 5 00:00:21,880 --> 00:00:25,520 More headlines of funds and institutions piling into Bitcoin 6 00:00:25,600 --> 00:00:28,560 starting to get bowled up here on this show. 7 00:00:28,560 --> 00:00:32,320 Some are calling for new Bitcoin all time highs in Q2 in the 8 00:00:32,320 --> 00:00:36,200 question, are they right or are the bears going to win this 9 00:00:36,240 --> 00:00:37,800 round? We're going to break it all down 10 00:00:38,200 --> 00:00:41,520 on today's show. No faroque, but we've got Mando 11 00:00:41,520 --> 00:00:44,840 powers back, baby. So back and Logan as well. 12 00:00:44,840 --> 00:00:47,520 Mando, Jim, how was your power outage situation? 13 00:00:48,360 --> 00:00:52,240 Yeah, that was nuts. Like fully, fully nuts. 14 00:00:52,960 --> 00:00:55,720 I was like laughing about it at the start because you let all 15 00:00:55,720 --> 00:01:00,040 the power come back and then it suddenly came through that was 16 00:01:00,040 --> 00:01:02,560 affecting the whole country and it was affecting Spain and 17 00:01:02,560 --> 00:01:04,599 France. And I was like, oh God. 18 00:01:07,160 --> 00:01:10,680 And I, I just wasn't prepared. Wasn't prepared. 19 00:01:10,680 --> 00:01:14,760 Like we had some stuff, but nowhere near the amount that I 20 00:01:14,760 --> 00:01:20,640 thought I, I realized I needed. And no, it's, it's that point 21 00:01:20,640 --> 00:01:23,240 where after like 10 hours, you realized your phone's about to 22 00:01:23,240 --> 00:01:26,720 run out and you're like, what are you meant to do right now? 23 00:01:29,280 --> 00:01:32,200 And then I was like, I'll go, I'll go charge it in the car. 24 00:01:32,200 --> 00:01:35,000 And then I realized the car's only got like 1/4 of a tank of 25 00:01:35,000 --> 00:01:38,280 gas. And and I was like, wow, like 26 00:01:38,760 --> 00:01:42,200 the power goes out. Stuff can, stuff can really go. 27 00:01:44,800 --> 00:01:50,240 So yeah, crazy 24 hours. It did come back like late, late 28 00:01:50,240 --> 00:01:53,160 in the evening last night in RAM. 29 00:01:53,160 --> 00:01:58,920 But like it's it's across Portugal, Spain, France. 30 00:01:58,920 --> 00:02:01,360 You still had some issues and some people have been affected 31 00:02:01,360 --> 00:02:05,280 by water here because they pump the water from the ground in 32 00:02:05,280 --> 00:02:08,919 certain places around here and the pumps weren't working. 33 00:02:08,919 --> 00:02:13,240 And it's definitely a sorry, I have a bit of a cough. 34 00:02:14,240 --> 00:02:17,720 Definitely a like almost like a disaster movie. 35 00:02:17,720 --> 00:02:19,720 When you start thinking about like if this went on for another 36 00:02:19,720 --> 00:02:26,520 week, you can really get bad. Yeah, I I saw your tweet. 37 00:02:26,520 --> 00:02:28,320 Flat hands out the out the power. 38 00:02:28,320 --> 00:02:32,080 We're screwed. It's, it's a bit of a reality 39 00:02:32,080 --> 00:02:33,720 check. I was following it loosely 40 00:02:33,720 --> 00:02:36,320 throughout the day. I mean, even into like American 41 00:02:36,320 --> 00:02:39,480 afternoon, evening time. It wasn't clear that power was 42 00:02:39,480 --> 00:02:43,600 going to come back anytime soon from from the messages that I 43 00:02:43,600 --> 00:02:47,080 was saying. No, no, they they said it could 44 00:02:47,080 --> 00:02:51,520 take a week, which it still can like parts of, but there's still 45 00:02:51,520 --> 00:02:54,840 power in, in, in no power in some areas around here. 46 00:02:55,600 --> 00:02:58,480 If some weird thing like it seemed kind of innocuous that it 47 00:02:58,480 --> 00:03:02,360 just got taken out. But that's the kind of scary 48 00:03:02,360 --> 00:03:04,680 thing about it. Like one power line in Spain 49 00:03:04,680 --> 00:03:08,920 takes down everything it it took out like part of the paint part 50 00:03:08,920 --> 00:03:11,920 of the power in like Belgium and and the Netherlands. 51 00:03:14,720 --> 00:03:18,560 So Europe. Europe I think. 52 00:03:20,520 --> 00:03:22,520 The other thing is you're. All on renewable. 53 00:03:22,520 --> 00:03:28,520 So like Europe's been big on renewable and I don't know the 54 00:03:28,520 --> 00:03:31,840 exact science behind it, but there's something to do with the 55 00:03:31,840 --> 00:03:36,800 fact that renewable energy can't be used in these sort of 56 00:03:36,800 --> 00:03:40,520 moments. So like when once it goes down, 57 00:03:40,520 --> 00:03:45,360 it's often and can't be used and like research it back up just 58 00:03:45,360 --> 00:03:48,680 the way like I don't think she can't store it in the same way 59 00:03:48,680 --> 00:03:53,560 or something like that. But before in the hours before 60 00:03:53,880 --> 00:03:58,560 it went down like Spain's, Spain's energy was like 60% was 61 00:03:58,560 --> 00:04:04,080 coming from renewable sources at the at the time and then it goes 62 00:04:04,080 --> 00:04:06,800 down and then you can't just get it back up again in the same 63 00:04:06,800 --> 00:04:07,400 way. So. 64 00:04:09,440 --> 00:04:12,400 Have they figured out that the the reason I saw some tinfoil 65 00:04:12,400 --> 00:04:15,680 hats of course on on X that it was well I it. 66 00:04:15,880 --> 00:04:18,720 Was like, yeah, done this really bad translation, but they said 67 00:04:18,720 --> 00:04:23,680 it was like a like a a extraterrestrial phenomenon or 68 00:04:23,680 --> 00:04:25,880 something like really random like sounds like any. 69 00:04:25,920 --> 00:04:29,120 Flare or like something. Then I saw clips of something 70 00:04:29,360 --> 00:04:32,800 like a spherical orb passing between the Earth and the sun. 71 00:04:34,960 --> 00:04:36,480 There's been quite a lot of talk about that. 72 00:04:36,480 --> 00:04:40,720 You know, solar flares are up quite a lot over the last year 73 00:04:40,720 --> 00:04:43,680 and they're going to be just the way the cycle is. 74 00:04:43,680 --> 00:04:46,360 They're going to be quite big for the next few years. 75 00:04:46,920 --> 00:04:51,280 And yeah, just other stuff like global warming maybe may have 76 00:04:51,280 --> 00:04:54,760 been slightly responsible for it, like, who knows? 77 00:04:54,760 --> 00:04:57,720 But it is more at this point of the fragility in the system. 78 00:04:58,720 --> 00:05:06,240 And also the idea that if power was to go ever go down, yeah, it 79 00:05:06,240 --> 00:05:09,560 can get it can get dicey. I'm with you. 80 00:05:09,560 --> 00:05:10,720 I think it's a good wake up call. 81 00:05:10,720 --> 00:05:13,000 I went through your list. I said to my wife. 82 00:05:13,040 --> 00:05:14,640 I was like, we, we need to go through this. 83 00:05:16,160 --> 00:05:17,600 I think it's a little bit different when you've got a 84 00:05:17,600 --> 00:05:19,800 family too, right? I think if you're, if you're on 85 00:05:19,800 --> 00:05:22,320 your own, it's a little bit different calculus. 86 00:05:23,400 --> 00:05:26,160 We had about 1/2 the things on your list I'd say but but 87 00:05:26,160 --> 00:05:31,600 definitely not all of. Them something you just like, Oh 88 00:05:31,600 --> 00:05:34,880 God, like you realize that actually most of your devices 89 00:05:34,880 --> 00:05:38,560 last a day, right? Most of your handheld devices 90 00:05:38,560 --> 00:05:40,600 last a day. And then and then you're really 91 00:05:40,600 --> 00:05:41,840 just relying on power. But you're always thought, Oh, 92 00:05:41,840 --> 00:05:44,640 I'll be able to power it up. But I could have driven for 15 93 00:05:44,640 --> 00:05:49,280 hours yesterday and still not had power because it was all the 94 00:05:49,280 --> 00:05:52,840 countries in the area. So it's like, and you can't fly 95 00:05:52,840 --> 00:05:54,120 out. All the airports are shut, 96 00:05:54,120 --> 00:05:57,080 right, All the airports are shut in this scenario, all the petrol 97 00:05:57,080 --> 00:05:59,720 stations are shut. This this just so everyone's 98 00:05:59,720 --> 00:06:02,360 kind of aware because they can't pay. 99 00:06:03,120 --> 00:06:06,760 So you're you're like in your mind, I think everyone has like, 100 00:06:06,760 --> 00:06:09,800 I'll I'll be out to get out if something bad happens. 101 00:06:09,800 --> 00:06:12,680 But actually, like the petrol stations are shot. 102 00:06:12,680 --> 00:06:16,160 So you only already have the petrol in your car and the 103 00:06:16,800 --> 00:06:20,080 airports are shot. Then it either descends into 104 00:06:20,080 --> 00:06:23,640 lawlessness or you're kind of just staying where you are and 105 00:06:23,640 --> 00:06:26,440 hoping for the best. So that's why I kind of said 106 00:06:26,440 --> 00:06:29,000 like after 48 hours, I think you probably need a weapon because 107 00:06:29,240 --> 00:06:32,120 like the police said, just stop calling us yesterday. 108 00:06:33,120 --> 00:06:38,520 So I don't know, like you can tell it can get bad pretty 109 00:06:38,520 --> 00:06:39,840 quick. So you're sitting there. 110 00:06:40,000 --> 00:06:41,320 Your phone's about to run. Run. 111 00:06:41,320 --> 00:06:43,840 Out. You can't go anywhere because 112 00:06:44,000 --> 00:06:46,960 you you have whatever petrol's in your car at that time 113 00:06:48,800 --> 00:06:55,400 airport's closed railways closed buses are shot like you're just 114 00:06:55,640 --> 00:06:58,040 you're just sitting there hoping the power. 115 00:06:58,040 --> 00:07:00,040 Comes back. On but like it's really sunny it 116 00:07:00,040 --> 00:07:02,960 was a beautiful day yesterday. So I was like, just need 117 00:07:02,960 --> 00:07:04,320 something to keep the power going. 118 00:07:05,240 --> 00:07:09,040 Yeah, and having the, the, the backup generator is probably #1 119 00:07:09,040 --> 00:07:12,160 on the list, I'd say if I had to stack rink those items because 120 00:07:12,160 --> 00:07:13,600 that solves a lot of the problems. 121 00:07:15,160 --> 00:07:17,080 I think Logan, we were chatting like this is actually something 122 00:07:17,080 --> 00:07:18,920 like I, I'm quite familiar with this. 123 00:07:18,920 --> 00:07:22,760 So where I grew up in Indiana, like we would lose power 3 * a 124 00:07:22,760 --> 00:07:25,720 year. Of course that was back, but 125 00:07:25,760 --> 00:07:29,680 that was pre devices and like addiction to to devices. 126 00:07:29,920 --> 00:07:33,200 So we didn't really, I mean, even like personal, we had a 127 00:07:33,200 --> 00:07:36,040 personal computer, but this was still like dial up Internet. 128 00:07:37,960 --> 00:07:42,480 But yeah, Logie, well, maybe First off, we're happy you got 129 00:07:42,480 --> 00:07:45,840 the power back, happy that you made it through the power outage 130 00:07:45,880 --> 00:07:48,880 with with no significant issues. Logan still in Peru. 131 00:07:48,880 --> 00:07:51,560 He's got the yellow background. Assuming power stayed on there. 132 00:07:51,560 --> 00:07:54,320 GM how are you doing? Yeah, power, power's on here. 133 00:07:54,320 --> 00:07:57,080 I do have some history, of course, with power outages from 134 00:07:57,120 --> 00:08:01,080 rural Pennsylvania, not quite to the extent of like, you know, 135 00:08:01,400 --> 00:08:05,120 multi day, but you know, I've had to pass a day without power. 136 00:08:05,120 --> 00:08:08,240 So it's not fun. And I'm not sure my family would 137 00:08:08,240 --> 00:08:12,720 be equipped either at this point in time, although the isolation 138 00:08:12,720 --> 00:08:15,240 I guess helps with with some of it as well. 139 00:08:15,240 --> 00:08:16,720 But yeah, things are going well here. 140 00:08:16,960 --> 00:08:20,160 Last week in Peru, beautiful weather, feeling good, markets 141 00:08:20,160 --> 00:08:21,840 green, nothing to complain about. 142 00:08:22,600 --> 00:08:23,960 We're glad to have you back, folks. 143 00:08:23,960 --> 00:08:26,040 What are we talking about today? We are going to talk about more 144 00:08:26,360 --> 00:08:28,200 then how to survive power outage situations. 145 00:08:28,200 --> 00:08:31,120 I do promise you that. So we've got Trump creating 146 00:08:31,120 --> 00:08:34,720 strategic uncertainty in global markets here this morning. 147 00:08:34,720 --> 00:08:38,240 Crypto is looking strong, outperforming here to a degree. 148 00:08:38,679 --> 00:08:42,880 Massive ETF inflows continue. Arizona may be becoming the 149 00:08:42,880 --> 00:08:44,840 first state with a Bitcoin reserve. 150 00:08:45,120 --> 00:08:48,440 MasterCard launching a full stack stablecoin initiative. 151 00:08:48,760 --> 00:08:50,480 Ledger and Coinbase offering new yield. 152 00:08:50,480 --> 00:08:54,520 Nikita Beer Town and Clouts new token Launchpad didn't see that 153 00:08:54,520 --> 00:08:57,280 one coming. Crypto AI doubling in the past 154 00:08:57,400 --> 00:08:59,760 three weeks. Memes continuing to pump in a 155 00:08:59,760 --> 00:09:02,960 couple of NFT stories. Plus we've got double YEET 156 00:09:02,960 --> 00:09:07,200 action today as well. Yeet is back, so make sure you 157 00:09:07,200 --> 00:09:09,640 stay tuned for that. The raffle block code will be 158 00:09:09,640 --> 00:09:12,720 YEET 50 to celebrate $50 million. 159 00:09:12,800 --> 00:09:16,600 And boy, on that YEET platform, how about that nice little 160 00:09:16,600 --> 00:09:18,960 milestone? Before we dive in, we want to 161 00:09:18,960 --> 00:09:20,640 give a shout out to Wallet Connect. 162 00:09:20,640 --> 00:09:23,240 Wallet Connect is the connectivity network shaping the 163 00:09:23,240 --> 00:09:26,200 future of on chain UX. If you've connected to a Web 3 164 00:09:26,200 --> 00:09:29,280 app, you've seen Wallet Connect. That blue logo, it's everywhere. 165 00:09:29,400 --> 00:09:32,840 And I kind of trust in crypto as recognizable as Visa at the 166 00:09:32,840 --> 00:09:34,200 checkout. Want to learn more? 167 00:09:34,440 --> 00:09:37,920 Follow at Wallet Connect on X and Telegram to stay ahead of 168 00:09:37,920 --> 00:09:40,520 what's next. We love our partners as always. 169 00:09:40,800 --> 00:09:43,560 All right, Mando, without further ado, let's get into it. 170 00:09:56,080 --> 00:09:59,800 Can you dig it? So I have to prefix this by 171 00:09:59,800 --> 00:10:02,880 saying I wasn't really paying attention to the market much 172 00:10:02,880 --> 00:10:06,960 yesterday, but the market seems to be kind of where I left it. 173 00:10:09,080 --> 00:10:11,680 It feels as though Solana may be slightly underperformed over the 174 00:10:11,680 --> 00:10:16,680 last, over the last 24 hours, which I think slightly 175 00:10:16,680 --> 00:10:20,200 surprising. ETH going higher is often seen 176 00:10:20,200 --> 00:10:24,040 as like a bit of a bearish sign when it starts to outperform and 177 00:10:24,320 --> 00:10:26,320 ETH is marginally outperforming right now. 178 00:10:26,760 --> 00:10:28,320 But broadly, we look kind of flat. 179 00:10:28,320 --> 00:10:33,680 The, the big news that I saw really has been like ETF inflows 180 00:10:33,680 --> 00:10:38,280 have been very, very strong. And then coupled with some 181 00:10:38,440 --> 00:10:41,560 headline news which is that Arizona looks like they are 182 00:10:41,560 --> 00:10:46,240 going to do an ETF reserve and it looks like South Korea may 183 00:10:46,240 --> 00:10:50,280 also similarly be moving towards ETFs by the end of this year. 184 00:10:50,280 --> 00:10:56,120 So adoption of of crypto seems to be going higher, but yeah, it 185 00:10:56,400 --> 00:10:59,920 feels like Bitcoin's just kind of holding on to where it's been 186 00:10:59,920 --> 00:11:03,840 for the last few days. This kind of 93 to 95 K area. 187 00:11:04,320 --> 00:11:07,440 I'd be very unsurprised if it, you know, if it has to retest 188 00:11:07,880 --> 00:11:12,200 like 90 ish again before it has to go higher. 189 00:11:12,480 --> 00:11:17,360 It's been remarkably stable having made that like 15% gain 190 00:11:20,280 --> 00:11:24,400 and and it hasn't really been tested that much. 191 00:11:24,400 --> 00:11:26,920 It kind of got bought whenever it hit 92 1/2 K. 192 00:11:26,920 --> 00:11:30,160 But what we've really seen with BIC from going sideways has been 193 00:11:30,240 --> 00:11:32,160 kind of the trenches coming back a little bit. 194 00:11:32,160 --> 00:11:35,640 It's like what you said, it's what you said, Tyler. 195 00:11:35,640 --> 00:11:38,760 So you've seen the AI sectors really come back, 9 billion for 196 00:11:38,760 --> 00:11:40,400 the AI sector. It's pretty impressive in my 197 00:11:40,400 --> 00:11:44,480 opinion that it's come back to that sort of level big gains in 198 00:11:44,480 --> 00:11:47,640 virtuals and AI16Z over the last 24 hours. 199 00:11:48,320 --> 00:11:50,840 One of them's on listing virtuals just seems to be 200 00:11:51,240 --> 00:11:55,040 grinding higher and Farkwind obviously had its move before 201 00:11:55,040 --> 00:11:57,280 that. But yeah, just a decent move 202 00:11:57,280 --> 00:12:01,040 across the board in a range of those coins, which I think is is 203 00:12:01,040 --> 00:12:03,160 getting people more, more bullish. 204 00:12:03,920 --> 00:12:09,200 I and then on the meme coins, they've been more mixed. 205 00:12:09,200 --> 00:12:11,760 I think some of those gave back a few more of their gains over 206 00:12:11,760 --> 00:12:14,160 the last 24 hours. But Pengu's had a very strong 207 00:12:14,160 --> 00:12:17,320 period here and kind of relatively held on to the 208 00:12:17,320 --> 00:12:21,120 majority of its gains as well. And then you've had some like 209 00:12:21,120 --> 00:12:25,120 mid tier runners, which just is a good sign. 210 00:12:25,640 --> 00:12:28,760 I, I would guess for the for, for general risk sentiment. 211 00:12:29,880 --> 00:12:34,280 But I've been, I've been impressed, let's say when I turn 212 00:12:34,280 --> 00:12:40,000 back on all of my power to see everything kind of unchanged and 213 00:12:40,680 --> 00:12:46,080 pretty low volatility. It's a, it's a good sign macro. 214 00:12:46,480 --> 00:12:48,920 I haven't seen anything more. We've had like a period here of 215 00:12:48,920 --> 00:12:51,440 stocks recovering. I think it's been five straight 216 00:12:51,440 --> 00:12:56,960 days of green for stocks, which which has been good NASDAQ back 217 00:12:56,960 --> 00:12:58,960 above comfortably above 17 K there. 218 00:12:58,960 --> 00:13:02,360 So that's been a decent move. And then the S&P has been 219 00:13:02,360 --> 00:13:06,360 bouncing as well. I think everyone is just waiting 220 00:13:06,360 --> 00:13:11,360 for, for some talk about trade deals that most obvious ones 221 00:13:11,360 --> 00:13:15,280 would be with the UK and India, it feels like and potentially 222 00:13:15,640 --> 00:13:18,400 South Korea there's been some talk about or Japan. 223 00:13:18,960 --> 00:13:21,160 So maybe we'll get some there. China is basically saying 224 00:13:21,160 --> 00:13:23,480 there's, there's not even any talks about a deal going on 225 00:13:23,480 --> 00:13:26,240 right now. So it doesn't feel like China. 226 00:13:26,240 --> 00:13:29,240 US, as I've said several times, is, is close to a deal, but 227 00:13:29,240 --> 00:13:31,800 other countries may be much closer. 228 00:13:32,200 --> 00:13:36,120 You had the Canadian election happened yesterday, Carney won. 229 00:13:36,840 --> 00:13:38,080 I don't know how that's going to be taken. 230 00:13:38,080 --> 00:13:40,520 I don't think there was like a big, big view on markets there, 231 00:13:40,520 --> 00:13:44,320 just that he's going to be less friendly, let's say towards 232 00:13:44,320 --> 00:13:50,600 Trump and he's potentially a less crypto friendly president 233 00:13:50,600 --> 00:13:53,760 as well. So yeah, that's your news. 234 00:13:56,160 --> 00:13:58,160 Thanks for the roundup as always. 235 00:13:58,160 --> 00:14:01,600 I I want to dive into a few of these here. 236 00:14:01,640 --> 00:14:04,400 Maybe just starting with Bitcoin. 237 00:14:05,360 --> 00:14:06,800 I think you nailed it. Like we've been green. 238 00:14:06,800 --> 00:14:10,680 I feel like maybe it's just this bear bearish mindset like just 239 00:14:10,680 --> 00:14:14,000 waiting for it to to dip again because we've had this kind of 240 00:14:14,200 --> 00:14:18,760 few weeks now of continued. You know, we were pretty stable 241 00:14:18,880 --> 00:14:22,080 at 85 K then we level up to 95 K and kind of just hanging out 242 00:14:22,080 --> 00:14:26,040 here. Sailor bought, we saw yesterday 243 00:14:26,040 --> 00:14:30,760 the announcement he bought $1.4 billion worth last week at like 244 00:14:30,760 --> 00:14:35,600 92,700 or so average. I did see some chatter on X that 245 00:14:35,600 --> 00:14:37,640 maybe he was, he's running out of ammo. 246 00:14:38,040 --> 00:14:44,920 I haven't looked into that myself, but if sailors running 247 00:14:44,920 --> 00:14:51,120 out of fresh capital to buy, is that perhaps somewhat of a near 248 00:14:51,120 --> 00:14:54,600 term bearish indicator? You landed on the ETS? 249 00:14:54,600 --> 00:14:56,520 I mean wild. I was watching this last night 250 00:14:56,520 --> 00:14:58,040 so I was curious how Monday would go. 251 00:14:58,040 --> 00:15:01,720 It was looking very red until the Friday I bet numbers came in 252 00:15:01,720 --> 00:15:05,440 and they were biggest day in months with nearly a billion in 253 00:15:05,440 --> 00:15:09,800 the BlackRock ETF alone. So, so pretty substantial there 254 00:15:11,000 --> 00:15:14,080 and we've had, so yesterday I talked about Kathy Woods 2030 255 00:15:14,080 --> 00:15:16,080 price targets, but Standard Chartered came out and they 256 00:15:16,080 --> 00:15:21,240 issued, they're calling for all time high in Q2A120K. 257 00:15:21,480 --> 00:15:23,440 They're not alone. Bob Lucas is back. 258 00:15:23,760 --> 00:15:26,080 Bob's been a little bit. I mean, I think he's a pretty 259 00:15:26,080 --> 00:15:28,320 objective guy. He, he follows the charts, he, 260 00:15:28,440 --> 00:15:32,720 he does his TA and he tries to, to make predictions based off of 261 00:15:32,720 --> 00:15:35,760 that in his system. He'd been leaning more bearish 262 00:15:36,160 --> 00:15:40,520 for the last month than yesterday, his first bullish 263 00:15:40,520 --> 00:15:43,640 post that I've seen out of him in quite some time. 264 00:15:43,640 --> 00:15:46,440 In fact, I went back through his timeline this morning and I 265 00:15:46,440 --> 00:15:49,640 don't think he really had much, many bullish things to say at 266 00:15:49,680 --> 00:15:50,640 all. In the month of April. 267 00:15:51,320 --> 00:15:57,320 He's saying we are back in the the four year bull cycle 268 00:15:57,320 --> 00:15:59,800 uptrend. This weekly cycle. 269 00:15:59,800 --> 00:16:05,720 We are on week 4 of 15. Expect to play that out 270 00:16:05,880 --> 00:16:08,840 projecting that we would potentially make new all time 271 00:16:08,840 --> 00:16:14,200 highs here over the next 11 weeks, which is Q2 basically so 272 00:16:14,200 --> 00:16:16,720 aligned with Standard Chartered. Wow. 273 00:16:18,320 --> 00:16:22,880 Mando, curious any reactions to that on your side if you think 274 00:16:22,880 --> 00:16:25,440 that's a little bit premature to call for all time highs and in 275 00:16:25,440 --> 00:16:28,840 Q2, how does that line up with your current base case mental 276 00:16:28,840 --> 00:16:32,120 model right now it? Lines up pretty perfectly if I'm 277 00:16:32,120 --> 00:16:33,880 honest. I kind of said that I thought, 278 00:16:34,000 --> 00:16:37,520 you know, we could be in this range for six months from when 279 00:16:37,520 --> 00:16:43,440 we started and and the Q2 breaking out would be would make 280 00:16:43,440 --> 00:16:48,600 sense. I think, you know, you can look 281 00:16:48,600 --> 00:16:51,720 at this from this angle, you can look at this from the the global 282 00:16:51,720 --> 00:16:55,240 M2 correlation, You can look at this from just general 283 00:16:55,240 --> 00:16:58,640 sentiment. Like it doesn't, it still feels 284 00:16:58,640 --> 00:17:04,560 like it's just us again in crypto and that that's normally 285 00:17:04,560 --> 00:17:07,760 a good sign in my opinion. Like not, not a terrible time to 286 00:17:07,760 --> 00:17:10,319 buy, but you just have to have a long enough time horizon. 287 00:17:10,319 --> 00:17:13,960 So I think if Bitcoin was to break out towards all time highs 288 00:17:13,960 --> 00:17:16,400 again, it can get quite frothy again quite quickly. 289 00:17:16,400 --> 00:17:20,920 So as it always does. And I think interestingly, 290 00:17:20,920 --> 00:17:22,960 you've already kind of seen some of those memes move already. 291 00:17:23,920 --> 00:17:27,839 But yeah, I mean, I think you kind of know the ones that you'd 292 00:17:27,839 --> 00:17:32,800 want to earn if it's continued. Yeah, I think we're starting to 293 00:17:32,800 --> 00:17:38,360 see that on your six month comment, man, it's almost been, 294 00:17:38,360 --> 00:17:40,960 it's been 5 months, it's been realized. 295 00:17:40,960 --> 00:17:45,720 So November, November 21st we hit 98 K. 296 00:17:47,280 --> 00:17:51,040 So you could paint the case that we've already been in this for 297 00:17:51,160 --> 00:17:57,000 over 5 months now. So in the May 6 months freak out 298 00:17:57,080 --> 00:17:59,680 in the new range that's. What I mean kind of entered in 299 00:17:59,680 --> 00:18:05,040 December to be honest. Yeah, that's when it it fully 300 00:18:05,040 --> 00:18:07,200 started. We made the huge move, huge move 301 00:18:07,200 --> 00:18:09,720 up in November, post Trump election, basically the whole 302 00:18:09,720 --> 00:18:11,920 move in two weeks. Yeah. 303 00:18:12,480 --> 00:18:15,640 Then kind of entered that range. Then we lost that range, chopped 304 00:18:15,640 --> 00:18:17,200 down our back of that initial range. 305 00:18:17,360 --> 00:18:19,200 Logie, I see you, you you're nodding your head. 306 00:18:19,720 --> 00:18:21,240 Curious for your thoughts reactions here. 307 00:18:21,680 --> 00:18:26,440 Yeah, it is wild to consider that despite all the the bad 308 00:18:26,440 --> 00:18:29,720 feelings we've had, maybe maybe not this week, right, But the 309 00:18:29,760 --> 00:18:34,720 the last month or so that it's just been kind of in a range for 310 00:18:34,720 --> 00:18:37,040 the last six months. It's really not so bad when you 311 00:18:37,040 --> 00:18:40,400 zoom out, right? It's cliche as that is. 312 00:18:41,080 --> 00:18:42,680 I, I don't have too much additional to add. 313 00:18:42,680 --> 00:18:44,840 I was just thinking back to, you know, you talk about the ETF 314 00:18:44,840 --> 00:18:47,440 inflows and I know you mentioned you talked about Kathy Woods 315 00:18:47,440 --> 00:18:51,680 price targets yesterday, which absurd or not one of the inputs 316 00:18:51,680 --> 00:18:57,160 for those predictions is just the continued adoption of the 317 00:18:57,160 --> 00:19:00,240 ETS of people continuing to pile into the ETS. 318 00:19:00,240 --> 00:19:05,520 So as you see that, as you see more inflows day over day, or, 319 00:19:05,520 --> 00:19:09,560 you know, whatever the case may be, just kind of, you know, I, I 320 00:19:09,560 --> 00:19:11,920 can get behind that, that, that makes sense to me as a vehicle, 321 00:19:11,920 --> 00:19:14,040 especially because I've seen it anecdotally as well, right? 322 00:19:14,040 --> 00:19:18,120 Like people in my family, my own father, right, gaining exposure 323 00:19:18,120 --> 00:19:20,280 to Bitcoin and things like that through, through the ETF. 324 00:19:20,280 --> 00:19:24,280 So makes sense to me. And, and for that reason, you 325 00:19:24,280 --> 00:19:27,000 know, maybe not I, I don't know, I can get behind the 2.4 million 326 00:19:27,000 --> 00:19:29,200 by 20-30, but I, I can definitely get behind the 327 00:19:29,200 --> 00:19:33,040 bullish sentiment that is attached to, you know, ETF 328 00:19:33,200 --> 00:19:35,400 accessibility or, you know, wherever the case may be. 329 00:19:36,960 --> 00:19:39,760 Yeah, it, it is interesting to see is it's kind of hard to 330 00:19:39,760 --> 00:19:41,600 argue with with the law of that logic, right? 331 00:19:41,640 --> 00:19:44,840 I mean price targets aside, they're, they're her base 332 00:19:44,840 --> 00:19:47,400 drivers and ARCS based drivers certainly made sense. 333 00:19:47,680 --> 00:19:49,440 You mentioned ETF flows, we talked about those. 334 00:19:49,440 --> 00:19:51,600 The other piece is just institutions and funds 335 00:19:51,600 --> 00:19:54,120 continuing to pile in. And we got the news this 336 00:19:54,120 --> 00:19:59,200 morning, Grant Cardone, Cardone Capital is set to acquire 1000 337 00:19:59,600 --> 00:20:01,560 Bitcoin. That's $100 million. 338 00:20:03,000 --> 00:20:05,360 Just add it to the laundry list, right. 339 00:20:05,400 --> 00:20:08,160 I feel like we're we're seeing these on a weekly basis. 340 00:20:08,520 --> 00:20:11,400 I talked about this a lot on the, on my solo show yesterday. 341 00:20:12,920 --> 00:20:15,880 The other aspect we're getting, and I don't know, we've really 342 00:20:15,880 --> 00:20:19,160 had a chance to talk about this because it took place on Friday, 343 00:20:20,680 --> 00:20:24,320 but the institution's now starting to pile into Solana in 344 00:20:24,320 --> 00:20:26,720 Seoul. So Jan over previously, Jan over 345 00:20:26,720 --> 00:20:28,720 now they've changed their name to D5 development. 346 00:20:29,160 --> 00:20:31,160 They dropped the bombshell on Friday. 347 00:20:31,160 --> 00:20:34,800 They're, they're going to raise $1 billion to, to buy Seoul. 348 00:20:34,800 --> 00:20:37,840 They've already bought about $50 million worth a sole for the 349 00:20:37,840 --> 00:20:41,120 corporate treasury. So they plan to to buy up to, to 350 00:20:41,120 --> 00:20:45,800 20X that. It feels like a big deal. 351 00:20:45,800 --> 00:20:48,560 And that's, that's a big number for the Solana ecosystem. 352 00:20:48,800 --> 00:20:51,400 And they're not alone. But curious if you have anything 353 00:20:51,400 --> 00:20:53,040 what? Is that happening with ETH like, 354 00:20:54,640 --> 00:20:59,320 well, I believe it was by soul. Like what's happening with it's, 355 00:20:59,560 --> 00:21:03,640 it's sounding crazy, right? It is crazy I don't have a 356 00:21:03,640 --> 00:21:09,080 great. Answer I, I think this is a good 357 00:21:09,080 --> 00:21:13,200 sign for Solana. As I've said before, like my 358 00:21:13,200 --> 00:21:18,600 thesis around L ones is, is less constructive than I've ever been 359 00:21:18,800 --> 00:21:22,080 when I've been in crypto just because I just see this massive 360 00:21:22,080 --> 00:21:26,920 adoption of, of stable coins. And I, I just wonder whether 361 00:21:26,920 --> 00:21:30,520 that's going to really affect some of these these L ones. 362 00:21:30,520 --> 00:21:36,080 But I think it's Solana's keeping keeping track with 363 00:21:36,080 --> 00:21:39,120 Bitcoin all the way up, which I think has been a very, very 364 00:21:39,120 --> 00:21:40,680 strong sign. I mean, it's slightly 365 00:21:40,680 --> 00:21:45,880 underperforming today, but like overall I think you got to be 366 00:21:45,880 --> 00:21:51,480 pretty happy. Yeah, I I would agree and I want 367 00:21:51,480 --> 00:21:54,880 to get into perhaps going further out the risk curve. 368 00:21:54,880 --> 00:21:57,640 What in, in the scenario where Bitcoin makes all time high, 369 00:21:57,640 --> 00:22:00,480 what else moves along with it? I think we've started to see 370 00:22:00,480 --> 00:22:03,160 signs before we do that. Just a a couple of the stories 371 00:22:04,120 --> 00:22:08,560 Arizona set to potentially approve their Bitcoin strategic 372 00:22:08,560 --> 00:22:09,920 reserve. It feels like a big one. 373 00:22:10,280 --> 00:22:11,560 So it passed in the House yesterday. 374 00:22:11,560 --> 00:22:13,560 That was the news. It is now passed in the Senate. 375 00:22:13,560 --> 00:22:15,480 In the House. It is on the governor's desk. 376 00:22:16,040 --> 00:22:19,320 I think there are concerns that the governor is going to veto 377 00:22:19,320 --> 00:22:24,840 this or not sign it. It does feel to me that the 378 00:22:24,840 --> 00:22:29,560 governor perhaps has more on the line as the final approval 379 00:22:29,560 --> 00:22:34,000 approver of this then perhaps individual Congressman in the 380 00:22:34,000 --> 00:22:39,480 House and the Senate. And as much as you know from a 381 00:22:40,000 --> 00:22:43,520 bullish Bitcoin want the number to go up And like what would 382 00:22:43,520 --> 00:22:46,360 this mean for other states to potentially follow their lead? 383 00:22:46,880 --> 00:22:51,760 Want that to happen. Is the are the downsides strong 384 00:22:51,800 --> 00:22:55,720 bigger, worse than the upsides are in in this scenario? 385 00:22:57,240 --> 00:22:59,360 It's like let's, let's say the bill, they're talking about 386 00:22:59,480 --> 00:23:05,040 investing 10% of Arizona's treasury, which I believe is 387 00:23:05,040 --> 00:23:09,240 around 30 billion, so about 3 billion or so, fairly 388 00:23:09,240 --> 00:23:12,440 substantial amount. And let's say Bitcoin goes up 389 00:23:13,080 --> 00:23:16,680 30%, they make a billion on that. 390 00:23:16,720 --> 00:23:18,920 I think you see some nice feedback. 391 00:23:18,920 --> 00:23:20,800 I don't know that you see a whole lot of headlines around 392 00:23:20,800 --> 00:23:22,640 that. In the scenario where Bitcoin 393 00:23:22,640 --> 00:23:28,920 goes down 30% and they lose a billion dollars, I feel like 394 00:23:28,920 --> 00:23:31,640 there's more negative headlines in that scenario. 395 00:23:31,640 --> 00:23:33,160 Logan cures for your thoughts? Yeah, I. 396 00:23:33,720 --> 00:23:35,560 Think it's going to pass? I'm with you. 397 00:23:35,560 --> 00:23:40,360 I mean, there are definitely lingering cons that no one when 398 00:23:40,360 --> 00:23:43,400 we're discussing these bills, at least in the, the crypto echo 399 00:23:43,400 --> 00:23:45,480 chamber, we're not really ever talking about. 400 00:23:45,960 --> 00:23:49,680 So I, I totally see that world. Tyler, I think it mentions in 401 00:23:49,680 --> 00:23:52,920 this article from Vince that, you know, that she had 402 00:23:52,920 --> 00:23:55,280 previously said maybe recently that she wasn't going to sign 403 00:23:55,280 --> 00:23:58,320 anything until they had a budget resolution, but they may have 404 00:23:58,320 --> 00:24:01,920 just gotten 1, but there was no update on it. 405 00:24:01,920 --> 00:24:05,440 So may not have anything to do with of course, her feelings on, 406 00:24:05,680 --> 00:24:08,480 you know, crypto or whatever, but just, you know, general 407 00:24:08,480 --> 00:24:11,880 politicking more or less. But with all that aside, I 408 00:24:11,880 --> 00:24:15,520 definitely understand the risks. There are other risks here, 409 00:24:16,160 --> 00:24:20,760 custody, you know, things like that, that you know who The Who 410 00:24:20,760 --> 00:24:23,320 the hell knows? Obviously, you, you'd hope that 411 00:24:23,320 --> 00:24:27,120 a state undertaking something like this would, you know, be 412 00:24:27,120 --> 00:24:31,280 using the most trusted utmost, you know, best possible security 413 00:24:31,280 --> 00:24:33,640 solutions, whatever it is, you know, custody with Coinbase, 414 00:24:33,640 --> 00:24:36,480 whoever it may be, right. But there are, there are lots of 415 00:24:36,480 --> 00:24:39,240 hidden risks in something like this and you don't want to be 416 00:24:39,240 --> 00:24:42,480 the first one to mess it up. And then one, you probably 417 00:24:42,480 --> 00:24:45,480 ruined it for everybody else. You know, it, it might be the 418 00:24:45,480 --> 00:24:47,960 nail in the coffin. And two, of course you would, 419 00:24:48,120 --> 00:24:51,160 you know, very, very much negatively affect your citizens 420 00:24:51,280 --> 00:24:55,000 and your constituents. So I, I definitely understand 421 00:24:55,000 --> 00:24:57,520 the risks and the, the potential unwillingness to kind of be the 422 00:24:57,520 --> 00:25:00,120 first. But I do think when the first 423 00:25:00,120 --> 00:25:02,800 happens, that's when you you know you'd start to see some of 424 00:25:02,800 --> 00:25:04,560 the more so the other dominoes fall. 425 00:25:05,320 --> 00:25:07,360 Yeah, I think that's a fair take. 426 00:25:07,400 --> 00:25:11,560 So we'll certainly see. It'll be big news probably 427 00:25:11,560 --> 00:25:14,400 regardless of the decision here. So I think if this one also 428 00:25:14,400 --> 00:25:17,880 fails, it'll it'll add to the laundry list of states that 429 00:25:17,880 --> 00:25:20,440 haven't been able to push this over and it'll feel, I think 430 00:25:20,440 --> 00:25:23,080 Arizona's been one of the leading horses in this race to 431 00:25:23,080 --> 00:25:24,440 actually get this across the finish line. 432 00:25:24,800 --> 00:25:26,960 So if they fail, I think it's going to paint a bleaker 433 00:25:26,960 --> 00:25:29,320 picture, but we'll certainly see. 434 00:25:29,960 --> 00:25:32,320 I want to go back to that question of Bitcoin all time 435 00:25:32,320 --> 00:25:34,800 high in Q2. What else is pumping? 436 00:25:36,640 --> 00:25:38,920 Are we surprised? That they we did this last time 437 00:25:38,920 --> 00:25:44,400 right we did this when Bitcoin was a what was it about 60 K we 438 00:25:44,400 --> 00:25:48,720 said what are the things that you would own I think at the 439 00:25:48,720 --> 00:25:58,600 time I said mug goat and there's two others I think maybe it was 440 00:25:58,600 --> 00:26:04,200 Pepe and. Was fog in there at one point? 441 00:26:04,320 --> 00:26:05,760 Fog was in there too. Yeah. 442 00:26:06,600 --> 00:26:10,000 And they all basically did A3 to 4X of A. 443 00:26:10,000 --> 00:26:12,360 They thing got trashed afterwards. 444 00:26:12,360 --> 00:26:19,280 But if Bitcoin now was to go to 110 K, well, let's say yeah. 445 00:26:19,280 --> 00:26:22,280 1:15, 1/20 What are the assets? What are the three things that 446 00:26:22,280 --> 00:26:26,360 you would want to own Tyler? Well #1 is far coin, of course, 447 00:26:26,560 --> 00:26:29,800 it goes goes without saying. It goes without saying. 448 00:26:35,240 --> 00:26:39,840 I think from a more from a safe if you want to bet on crypto AI, 449 00:26:39,840 --> 00:26:43,880 I think the play is virtual. Virtual right now is probably 450 00:26:43,880 --> 00:26:46,000 the token. I would reluctantly own it. 451 00:26:46,040 --> 00:26:50,840 I will admit I haven't ever had a large position in that. 452 00:26:51,320 --> 00:26:56,320 I'm more, I'm more sold on virtuals leading an AI pump than 453 00:26:56,440 --> 00:26:59,240 AI16Z right now. And I would want to bet on the 454 00:26:59,240 --> 00:27:02,720 leaders in that category and not go further downstream. 455 00:27:03,760 --> 00:27:05,240 Well, I guess let me let me say that back. 456 00:27:05,960 --> 00:27:09,960 I do own prompt. I think prompt is, is a fair bet 457 00:27:10,520 --> 00:27:15,200 on the crypto AI Round 2. So I'll make that my I'll make 458 00:27:15,200 --> 00:27:17,400 that my call. But I think virtual would be 459 00:27:17,400 --> 00:27:21,520 just fine from a pure meme standpoint. 460 00:27:23,400 --> 00:27:24,600 Or or what else would I want to own? 461 00:27:26,600 --> 00:27:32,000 Make of the other things of the hype would be 1 Pudge budgie, 462 00:27:32,880 --> 00:27:35,560 would you, would you buy? I mean, Radium actually just has 463 00:27:35,560 --> 00:27:38,400 made like 600 K of fees from this from this launchpad in the 464 00:27:38,400 --> 00:27:40,960 last three days. That's suddenly looking 465 00:27:40,960 --> 00:27:48,280 interesting to me again. Well, some of the L ones. 466 00:27:52,120 --> 00:27:56,600 Squeeze interesting hype is I mean hype sit back in 19 467 00:27:56,600 --> 00:27:57,560 already. That's the thing. 468 00:27:57,560 --> 00:28:01,240 So like what is are you? Are you looking for a 1 1/2 X? 469 00:28:01,480 --> 00:28:06,200 Like three to four XI mean maybe a three to three X is possible. 470 00:28:09,440 --> 00:28:12,600 It's kind of hard for me to see a much bigger run than that 471 00:28:12,600 --> 00:28:16,120 right now. That's so huge. 472 00:28:16,160 --> 00:28:20,920 That's that's a huge strain. Pingo is an interesting one, 473 00:28:24,720 --> 00:28:29,440 Logan, what would be tough? It's crazy, but well, no, it 474 00:28:29,440 --> 00:28:32,400 doesn't sound so crazy. But you know, far coins, the 475 00:28:32,520 --> 00:28:36,720 immediate first thing that comes to my head and I think I own 100 476 00:28:36,720 --> 00:28:40,960 far coin on a Ledger somewhere. That's that's that's all I'm 477 00:28:40,960 --> 00:28:43,120 holding right now. But that that's the the first 478 00:28:43,120 --> 00:28:45,120 thing that comes to mind if you tell me that Bitcoin's going to 479 00:28:45,120 --> 00:28:47,880 hit a new all time high, you know, in Q2. 480 00:28:48,120 --> 00:28:53,080 The other thing to me, you know, so like Solana is interesting 481 00:28:53,400 --> 00:28:55,040 along those lines. I mean, it's still very much 482 00:28:55,040 --> 00:28:58,640 beaten down from all time high, which is about two 290 or 483 00:28:58,640 --> 00:29:01,160 something. So I could definitely see that 484 00:29:01,160 --> 00:29:03,000 following suit. And then as you, yeah, as you 485 00:29:03,000 --> 00:29:06,000 get further down the, the risk curve, some of these become 486 00:29:06,000 --> 00:29:07,960 interesting. Like I I'm no longer interested 487 00:29:07,960 --> 00:29:13,280 in things like with, for example, dog with hat, but 488 00:29:13,280 --> 00:29:17,760 things like Trump alongside that, things like, you know, 489 00:29:17,760 --> 00:29:21,120 like I, I could be, I could be swayed into into stuff like 490 00:29:21,120 --> 00:29:23,040 that. But the the most obvious slam 491 00:29:23,040 --> 00:29:28,280 dunk one to me, which maybe is like me talking to myself that I 492 00:29:28,280 --> 00:29:32,240 should own a little bit more than 100 tokens is is far coin. 493 00:29:32,240 --> 00:29:35,360 Like if it's really going to go up, like, I don't know, it just 494 00:29:35,360 --> 00:29:37,920 feels like a a slam dunk. But I, I, I like a couple of 495 00:29:37,920 --> 00:29:40,400 these here on this board. I like dogecoin. 496 00:29:40,400 --> 00:29:43,640 I still like, so I've never really had any affinity for like 497 00:29:43,640 --> 00:29:47,520 Shiba Inu or anything like that. But there's another. 498 00:29:47,520 --> 00:29:50,640 I think there's a headline this morning about another DOGE ETF 499 00:29:50,640 --> 00:29:55,120 filing or something like that. Feels silly, but probably one of 500 00:29:55,120 --> 00:29:57,800 those gets across the line. Maybe that doesn't mean too 501 00:29:57,800 --> 00:30:03,640 much, but it is still the champion of meme coins, at least 502 00:30:03,640 --> 00:30:05,800 in my book. And by market cap of course as 503 00:30:05,800 --> 00:30:08,200 well. That doge, it's interesting 504 00:30:08,240 --> 00:30:11,680 right there. Looks like it's painting higher 505 00:30:11,680 --> 00:30:14,280 low here. Like, I mean, we had the 506 00:30:14,280 --> 00:30:20,160 explosive run. Handle are we? 507 00:30:20,200 --> 00:30:21,680 Are we about to see a cup and handle here? 508 00:30:23,280 --> 00:30:27,400 Let's see. Let's find the time, the time 509 00:30:27,400 --> 00:30:29,240 frame where there's a cup and handle and go for it. 510 00:30:29,800 --> 00:30:33,920 Yeah, it looks like maybe on the the six week on the six week 511 00:30:33,920 --> 00:30:37,120 chart we might have. Is it like, is it on my house 512 00:30:37,120 --> 00:30:39,480 going? Like I have a very small 513 00:30:39,480 --> 00:30:42,480 position in this thing but like. All right, now we're talking 514 00:30:42,480 --> 00:30:45,480 about language. Yeah. 515 00:30:45,480 --> 00:30:49,520 So is it a new meme? It's like if you think there's. 516 00:30:49,520 --> 00:30:51,840 Going to be a lean meme, will probably run the hardest right? 517 00:30:53,800 --> 00:30:56,440 I think that's a very fair thesis. 518 00:30:56,440 --> 00:30:58,320 I think I think a few things are going to happen. 519 00:30:58,320 --> 00:31:02,800 I think we will see a flight back to some of the the the the 520 00:31:02,800 --> 00:31:05,800 top meme coins topping quotes. And I think it's going to be a 521 00:31:05,800 --> 00:31:07,920 little bit of a new classic. I don't think with is going to 522 00:31:08,400 --> 00:31:11,600 is going to be a leader again in in 2025. 523 00:31:11,600 --> 00:31:13,760 I think it's going to do fine. Like I'm, I'm not saying to 524 00:31:13,760 --> 00:31:17,040 short it by any means, but I don't think it's going to go 525 00:31:17,040 --> 00:31:21,120 back to four. I think perhaps some of that new 526 00:31:21,120 --> 00:31:22,760 class could, could see some runs up. 527 00:31:22,760 --> 00:31:24,320 I do think Pingo's going to have a nice run. 528 00:31:24,320 --> 00:31:25,640 I think Rex is going to have a nice run. 529 00:31:26,880 --> 00:31:30,320 But what's going to be the new coin to emerge from the salon at 530 00:31:30,320 --> 00:31:31,800 trenches? I think once a quarter we see 531 00:31:31,800 --> 00:31:38,080 one, we really haven't had one. What's the, I mean, I guess we 532 00:31:38,080 --> 00:31:39,920 had to separate pre Trump and post Trump. 533 00:31:39,920 --> 00:31:42,960 Post Trump we haven't really had a since the fallout. 534 00:31:42,960 --> 00:31:46,320 We really haven't had an organic new runner from the sole 535 00:31:46,320 --> 00:31:49,200 trenches, have we, that's had any kind of a staying power? 536 00:31:50,240 --> 00:31:54,280 No staying power were were there maybe a handful like right after 537 00:31:55,400 --> 00:31:58,080 like was Jelly Jelly after Trump or is that before I haven't 538 00:31:58,080 --> 00:32:01,040 losing track of yeah. I think that was before. 539 00:32:01,440 --> 00:32:03,600 Yeah. Nothing was staying power 540 00:32:03,600 --> 00:32:06,760 though, you know, beyond a few days. 541 00:32:08,280 --> 00:32:10,600 So it's pretty open. I mean, if you look at at what's 542 00:32:10,600 --> 00:32:16,560 currently out there right now, it's really don't say there's 543 00:32:16,560 --> 00:32:20,640 the board. All right, maybe trolls in the 544 00:32:20,640 --> 00:32:24,120 conversation. The troll seems to have a decent 545 00:32:24,120 --> 00:32:26,160 group of folks behind it. It's at 30 million. 546 00:32:27,640 --> 00:32:29,840 We just we're showing house coin at 60. 547 00:32:29,840 --> 00:32:33,760 It's a little bit higher bunk. Guys touting Joseco super hard 548 00:32:33,760 --> 00:32:37,120 right now to 33 million. I don't really know the story 549 00:32:37,120 --> 00:32:39,680 behind this one. He's saying it's got a lot of 550 00:32:39,680 --> 00:32:41,560 views on on YouTube or something. 551 00:32:43,440 --> 00:32:46,960 OK, I I don't know that I'm throwing my chips on on Joseco. 552 00:32:47,240 --> 00:32:54,000 Sorry to the Joseco crew out there, but I think this is what 553 00:32:54,040 --> 00:32:55,720 I talked about yesterday. But there are, there's some 554 00:32:55,720 --> 00:32:57,920 action here in the trenches. And as these new coins are 555 00:32:57,920 --> 00:33:01,760 moving up, we're starting to see more runners on a daily basis 556 00:33:01,760 --> 00:33:04,360 kind of fill in the gap. So I looked at the board this 557 00:33:04,360 --> 00:33:09,360 morning and there were 4 to 5 coins in the last day that went 558 00:33:09,360 --> 00:33:10,880 to that three to $6 million range. 559 00:33:10,880 --> 00:33:13,960 So they're, they're not going to 10, they're not going to 20 on 560 00:33:13,960 --> 00:33:17,880 the first day. The the the that first day cap 561 00:33:17,880 --> 00:33:20,400 is a little bit lower, but they are starting to happen more 562 00:33:20,400 --> 00:33:24,920 consistently. So I think it's something to pay 563 00:33:24,920 --> 00:33:30,040 attention to. Certainly that's the salon meme 564 00:33:30,040 --> 00:33:31,800 board. NAII think it's more of a 565 00:33:31,800 --> 00:33:34,880 question of is it going to be a new AI runner that really takes 566 00:33:34,880 --> 00:33:37,160 the scene or is it going to be the existing crowd? 567 00:33:37,160 --> 00:33:40,240 The virtuals group is starting to get pretty loud at this new, 568 00:33:40,240 --> 00:33:44,080 I think it's called Virgin, this new program or you can you have 569 00:33:44,080 --> 00:33:47,600 to do something and then you qualify for these pre sales and 570 00:33:47,600 --> 00:33:49,800 the pre sales have been doing pretty well as I understand it. 571 00:33:49,800 --> 00:33:51,520 I have not had a chance to dig into that yet. 572 00:33:53,000 --> 00:33:55,360 I know ICO and others have been telling that pretty hard. 573 00:33:55,640 --> 00:33:57,200 Certainly this virtuals looks pretty nice. 574 00:33:57,200 --> 00:34:02,680 It's up almost 3X off the bottom here, back to $1.46. 575 00:34:02,800 --> 00:34:09,960 So it's doing pretty well. The rest of the board, it's 576 00:34:09,960 --> 00:34:13,800 doing OK. We aren't seeing like this huge 577 00:34:13,800 --> 00:34:15,639 movement. Arc is back to 65. 578 00:34:15,639 --> 00:34:20,600 Griffane's right there. Yeah. 579 00:34:21,280 --> 00:34:24,040 This isn't my watch list. What else is moving? 580 00:34:24,040 --> 00:34:25,600 So Alchemy has been doing all right. 581 00:34:25,600 --> 00:34:28,560 It's 150 million goats hanging out. 582 00:34:28,560 --> 00:34:31,239 I think Prompt is an interesting one, but it's got the weekly 583 00:34:31,239 --> 00:34:33,239 cell pressure, so that is something that to take into 584 00:34:33,239 --> 00:34:34,800 account. I don't think we've really seen 585 00:34:34,800 --> 00:34:38,040 that the huge unlocks from that yet though, So I think that will 586 00:34:38,040 --> 00:34:41,639 still be my my wild card. Yeah, it feels like this. 587 00:34:41,639 --> 00:34:43,480 The winners are winning and everything else is not really 588 00:34:43,480 --> 00:34:45,880 doing much. And there's no new launches 589 00:34:46,000 --> 00:34:48,320 really, which is a part of this a. 590 00:34:49,000 --> 00:34:50,800 New launchpad is that, Is that what this is? 591 00:34:50,840 --> 00:34:53,840 What? It's just a better casino, 592 00:34:53,840 --> 00:34:56,520 essentially. Logan, have you? 593 00:34:56,560 --> 00:34:58,520 I saw you nodding a bit. Have you had a chance to take a 594 00:34:58,520 --> 00:35:00,600 look at? That just very briefly, it 595 00:35:00,600 --> 00:35:04,840 appears to be a more or less like a pre sale launchpad. 596 00:35:05,640 --> 00:35:11,440 So you can utilize the virgin points to sort of try and 597 00:35:11,440 --> 00:35:16,040 subscribe to new agents that are created in a little bit more of 598 00:35:16,040 --> 00:35:19,160 a fairer mechanism. That's that's my understanding. 599 00:35:19,520 --> 00:35:21,880 I'm sure there's much more nuance and things that may not 600 00:35:21,880 --> 00:35:26,000 be, you know, characterizing there, but just more 601 00:35:26,000 --> 00:35:29,840 infrastructure stuff and slightly reworked infrastructure 602 00:35:29,840 --> 00:35:32,680 for agent launches. Got it. 603 00:35:32,680 --> 00:35:35,880 Yeah, Look, I think, I think with all these sectors, you kind 604 00:35:35,880 --> 00:35:38,040 of just have to look at what happened to the biggest coin. 605 00:35:38,040 --> 00:35:41,080 And if that's up, then what like you said, kind of like some 606 00:35:41,080 --> 00:35:44,840 crazy stuff can happen in the mid tiers like Trump doubled 607 00:35:45,880 --> 00:35:48,360 basically. And that just means that there's 608 00:35:48,360 --> 00:35:50,720 a lot of money suddenly in Solana meme coins again. 609 00:35:53,160 --> 00:35:58,400 And similarly, Tau I would say is the biggest AI coin and is up 610 00:35:58,400 --> 00:36:00,320 a lot. And then that just means that 611 00:36:00,320 --> 00:36:01,960 people start gambling all the other coins. 612 00:36:04,440 --> 00:36:09,640 Yeah, I want to move almost double Intel up 66% on the 613 00:36:09,640 --> 00:36:14,320 month. So the the leaders create a big 614 00:36:14,560 --> 00:36:17,880 move in market cap, a bit of a wealth effect and then it 615 00:36:17,880 --> 00:36:19,760 trickles down. We've seen that that play out 616 00:36:20,120 --> 00:36:22,400 new wild card. OK, I know we're chatting about 617 00:36:22,400 --> 00:36:24,960 this. Internet capital markets are 618 00:36:24,960 --> 00:36:28,240 back on Solana. I'm not sure if folks have seen 619 00:36:28,240 --> 00:36:31,640 this yet. Imran Khan and Lions Dow, 620 00:36:33,000 --> 00:36:35,880 they're, they're sharing this concept behind the Believe app 621 00:36:35,880 --> 00:36:38,320 as effectively on chain Kickstarter, Kickstarter for 622 00:36:38,320 --> 00:36:41,640 ideas and projects. A founder can come up with an 623 00:36:41,640 --> 00:36:48,160 idea, post it with this, launch a coin, a token is created and 624 00:36:48,160 --> 00:36:52,400 then based on how it's traded, fees generated, that founder can 625 00:36:52,400 --> 00:36:54,320 decide to effectively launch the product or not. 626 00:36:54,320 --> 00:36:55,600 Can you take us through this one? 627 00:36:56,200 --> 00:36:58,560 Yeah, in your early thoughts. Yeah. 628 00:36:58,560 --> 00:37:01,920 So it it appears to be a basically a relaunch of clout. 629 00:37:02,520 --> 00:37:06,280 If you remember, I guess that would have been what December or 630 00:37:06,440 --> 00:37:11,200 you know, early January Clout from Ben Pasternak never really 631 00:37:11,200 --> 00:37:15,600 launched, but this appears to be it's it's revitalization, 632 00:37:15,600 --> 00:37:18,280 rebrand, whatever. But exactly as you described, 633 00:37:18,280 --> 00:37:22,680 Tyler and and as Imran lays out here, so somebody can have an 634 00:37:22,680 --> 00:37:26,000 idea for something, sort of outline their idea in a post 635 00:37:26,000 --> 00:37:31,160 just like this and tag that launch a coin Twitter to create 636 00:37:31,160 --> 00:37:34,760 a coin alongside it, more or less so a coin attached to the 637 00:37:34,760 --> 00:37:36,920 idea. You can also have people scout 638 00:37:36,920 --> 00:37:39,600 ideas. So if you posted an idea, Tyler, 639 00:37:39,640 --> 00:37:42,960 a really, really long one, somebody could, you know, kind 640 00:37:42,960 --> 00:37:48,120 of reply or scout and attach a coin to that idea as well. 641 00:37:48,120 --> 00:37:51,600 And just like anything else, right, The token trades earn 642 00:37:51,600 --> 00:37:55,880 fees for it. And then the person who created 643 00:37:55,880 --> 00:37:59,240 or who owns the idea then, yes, can claim the fees. 644 00:37:59,800 --> 00:38:03,080 They are vested, I believe. But reading through some of the 645 00:38:03,080 --> 00:38:08,400 replies from Iran, it appears that more information is going 646 00:38:08,400 --> 00:38:10,320 to come out. But there is some vesting 647 00:38:10,320 --> 00:38:13,520 related to the idea owner here. So it's not just like you can 648 00:38:13,520 --> 00:38:15,600 just take the money and then run. 649 00:38:16,400 --> 00:38:20,360 But yeah, it's, it's on chain Kickstarter, more or less. 650 00:38:20,520 --> 00:38:22,880 And there were there were I think 3 or 4 launches yesterday. 651 00:38:22,920 --> 00:38:23,640 Yeah. Here's the tweet. 652 00:38:25,080 --> 00:38:29,640 It's like that luxury furniture company that that token is at 653 00:38:29,640 --> 00:38:32,480 like it was at like 4 million when I looked before the show. 654 00:38:32,720 --> 00:38:35,680 So some of these have done quite well thus far. 655 00:38:35,680 --> 00:38:39,200 I would say much better than some of the initial launches 656 00:38:39,200 --> 00:38:43,000 that came from aside from the Pasternak coin, much better than 657 00:38:43,440 --> 00:38:46,760 any of the other tokens I believe that launched on cloud 658 00:38:47,000 --> 00:38:50,080 to start so. I guess the core differentiator 659 00:38:50,080 --> 00:38:55,280 here then is it's launch a coin, but it's not just for pure shit 660 00:38:55,280 --> 00:38:57,040 coins. Right. 661 00:38:57,040 --> 00:38:59,680 And it's not just tied to the, it's not just tied to the 662 00:38:59,680 --> 00:39:01,560 individual. These aren't just like creator 663 00:39:01,560 --> 00:39:06,120 coins, right? It's intended to be tied to the 664 00:39:06,120 --> 00:39:11,000 idea or the product or whatever. So in the case of dupe, which I 665 00:39:11,000 --> 00:39:12,720 don't know anything about, I'm just using the description. 666 00:39:12,720 --> 00:39:15,120 Affordable luxury furniture, right? 667 00:39:16,000 --> 00:39:19,120 Guy writes out his theses, I imagine, or something like that, 668 00:39:19,120 --> 00:39:21,760 right? Showcases any previous sales or 669 00:39:21,760 --> 00:39:24,480 whatever else he's done. It's it's kind of like Shark 670 00:39:24,480 --> 00:39:27,240 Tank in a way, right? You sort of like or it feels 671 00:39:27,240 --> 00:39:29,080 like it could be like that you're sure you're just like 672 00:39:29,080 --> 00:39:32,080 pitching your Twitter crowd. And then they can of course buy 673 00:39:32,080 --> 00:39:35,400 the token earn the fees and the the creator can then use those 674 00:39:35,400 --> 00:39:38,440 fees to actually build the business. 675 00:39:38,520 --> 00:39:42,080 And of course, you know, I'm not entirely sure how some of the 676 00:39:42,080 --> 00:39:47,000 like, I, I guess the token is designed to be the equity, you 677 00:39:47,000 --> 00:39:51,760 know, if you extract it enough from the initial idea, like how 678 00:39:51,760 --> 00:39:54,200 do the people win? I guess the token going up. 679 00:39:54,200 --> 00:39:57,400 But there's that angle of speculation here that I feel 680 00:39:57,400 --> 00:40:03,360 like still doesn't quite answer for, you know, the the overall 681 00:40:03,360 --> 00:40:07,320 idea, if that makes sense. It does, I think right. 682 00:40:07,320 --> 00:40:11,400 That was my first struggle with it just as a conceptual basis is 683 00:40:14,560 --> 00:40:18,000 the like, why do you want to buy that the the token before, 684 00:40:18,320 --> 00:40:22,720 before there's a product like you're kind of just betting on 685 00:40:22,720 --> 00:40:25,560 the founder meant that you perhaps don't know who hasn't 686 00:40:25,560 --> 00:40:29,000 built the product yet. So I don't know. 687 00:40:29,000 --> 00:40:33,520 I mean, it's very, very early stage investing I guess is one 688 00:40:33,520 --> 00:40:36,200 way to look at it. Yeah. 689 00:40:36,400 --> 00:40:38,880 Well, and with at least with the way that Kickstarter works, 690 00:40:38,880 --> 00:40:41,440 right, is like if you if you're engaging with the Kickstarter, 691 00:40:41,440 --> 00:40:44,360 you're entitled to select benefits typically, right. 692 00:40:44,360 --> 00:40:46,920 Like you get the product early or you get like a special 693 00:40:46,920 --> 00:40:48,360 version of the product, things like that. 694 00:40:48,800 --> 00:40:51,440 I imagine this will have some component of that as well. 695 00:40:51,440 --> 00:40:55,080 So if you were buying dupe early, like maybe you get a huge 696 00:40:55,080 --> 00:40:58,080 discount on luxury furniture or maybe you get access to luxury 697 00:40:58,080 --> 00:40:59,800 furniture. Like, that actually makes sense 698 00:40:59,800 --> 00:41:02,600 to me, right? You know, Kickstarter, of 699 00:41:02,600 --> 00:41:05,040 course, has been very, very successful utilizing that almost 700 00:41:05,040 --> 00:41:09,160 exact same mechanism. I just don't exactly know life 701 00:41:09,320 --> 00:41:12,160 cycle of the token. You know, that's the big, the 702 00:41:12,160 --> 00:41:16,480 big what if for me, it's like, OK, you've invested early 703 00:41:16,840 --> 00:41:18,680 because you think the idea is cool. 704 00:41:18,920 --> 00:41:22,720 The token and the fees are vested so the founder can't just 705 00:41:22,720 --> 00:41:24,720 take them and run. Like, I get that. 706 00:41:24,720 --> 00:41:27,920 OK, I'm on board. I'm tracking, but like, what's 707 00:41:27,920 --> 00:41:32,240 the allure of maintaining exposure to this token beyond, 708 00:41:33,240 --> 00:41:35,880 you know, 3 days of speculative fervor? 709 00:41:36,400 --> 00:41:39,480 I, I don't know, that's, that's the part I'm I'm missing right 710 00:41:39,480 --> 00:41:41,880 now. Maybe that's spelled out in, you 711 00:41:41,880 --> 00:41:44,440 know, a variety of these posts that aren't coherently strung 712 00:41:44,440 --> 00:41:45,440 together. I don't know. 713 00:41:45,800 --> 00:41:48,840 But it does seem there should be more information coming. 714 00:41:49,000 --> 00:41:53,040 Very successful launch, though, I think he Ben said 60 million 715 00:41:53,040 --> 00:41:55,040 in volume or something crazy like that on the, on the first 716 00:41:55,040 --> 00:41:57,200 few tokens, hundreds of thousands of dollars raised in 717 00:41:57,200 --> 00:42:01,680 fees for these idea owners, you know, project founders, however 718 00:42:01,680 --> 00:42:05,160 they'd like to be recognized. So that's cool. 719 00:42:05,160 --> 00:42:08,560 And I'm all for experimenting. So no knocking this in any way. 720 00:42:08,560 --> 00:42:12,120 I just, I don't, you know, as someone who would consider 721 00:42:12,280 --> 00:42:16,000 participating, I would be participating right now for the 722 00:42:16,000 --> 00:42:18,440 speculative fervor in the very beginning, right? 723 00:42:18,440 --> 00:42:21,560 Looking to get in and out, capitalize on people being 724 00:42:21,560 --> 00:42:26,840 excited about a new thing versus, you know, actually being 725 00:42:26,840 --> 00:42:29,680 interested in these ideas and the future of these products, 726 00:42:29,720 --> 00:42:31,960 which is a little unfair, of course, but like, that's just 727 00:42:32,880 --> 00:42:36,320 the honesty of of what many people participating probably 728 00:42:36,320 --> 00:42:37,880 are doing. Yeah. 729 00:42:38,160 --> 00:42:40,320 Can you take a look at how their, their bonding curves work 730 00:42:40,320 --> 00:42:42,200 and all this? Like are you able to invest like 731 00:42:42,200 --> 00:42:44,640 100K market cap like that feels too low. 732 00:42:44,640 --> 00:42:46,640 And like as a family, you wouldn't even want to give away 733 00:42:47,920 --> 00:42:51,640 equity, token equity in your company at such a low valuation 734 00:42:51,680 --> 00:42:54,360 either, right. So there's some details. 735 00:42:54,360 --> 00:42:56,000 It feels like they're still kind of working through a lot of 736 00:42:56,000 --> 00:42:58,120 this. It kind of feels like they kind 737 00:42:58,120 --> 00:43:00,800 of lost it to see if it would have any demand and it has. 738 00:43:00,800 --> 00:43:03,760 So perhaps they're going to go back and revisit some of the 739 00:43:03,760 --> 00:43:07,280 details, which makes sense. But three products already 740 00:43:07,280 --> 00:43:11,240 launched in the first day we saw dupe see $30 million in volume. 741 00:43:11,800 --> 00:43:14,200 So it's big. I think these founders are going 742 00:43:14,200 --> 00:43:17,800 to quickly learn that they want the token to do well. 743 00:43:17,800 --> 00:43:21,040 They're going to have to manage the product as well as the token 744 00:43:21,040 --> 00:43:24,720 holder expectations, which we know can be quite the job. 745 00:43:24,960 --> 00:43:29,200 There's also and maybe maybe this is like not as much of A 746 00:43:29,200 --> 00:43:31,840 worry with the current administration, but like I think 747 00:43:31,840 --> 00:43:36,360 this type of idea or the the raising of funds for projects 748 00:43:36,360 --> 00:43:40,080 right via token launches that's been around for a long, long 749 00:43:40,080 --> 00:43:42,880 time. Jelly, Jelly just kind of did 750 00:43:42,880 --> 00:43:45,120 something similar to that not too long ago. 751 00:43:45,120 --> 00:43:49,960 But like there's obviously some actual regulatory potential 752 00:43:49,960 --> 00:43:53,640 concerns here. No, like you can you, you can't 753 00:43:53,640 --> 00:43:59,000 just like sell equity in this way without like I don't know, I 754 00:43:59,000 --> 00:44:00,120 guess they're not calling it equity. 755 00:44:00,120 --> 00:44:02,600 Of course, I don't know how it differentiates itself. 756 00:44:02,600 --> 00:44:07,880 I mean, to me it's a proxy for equity or whatever. 757 00:44:08,040 --> 00:44:09,480 So I don't know. But then. 758 00:44:09,960 --> 00:44:12,320 What's the point? I mean the token, right? 759 00:44:12,320 --> 00:44:15,120 You're just betting on how viral it's going to go. 760 00:44:15,120 --> 00:44:17,120 I think what's interesting about dupe and I saw this in some of 761 00:44:17,120 --> 00:44:21,200 the replies, so I'm saying, so Nikita was touting this a year 762 00:44:21,200 --> 00:44:25,120 ago. So this is not necessarily a new 763 00:44:25,520 --> 00:44:31,720 idea or or business here. So and this is just one example 764 00:44:31,960 --> 00:44:34,240 that is a little bit interesting to see. 765 00:44:34,240 --> 00:44:37,320 I think Nikita also helped get this one off the ground 766 00:44:37,320 --> 00:44:40,040 yesterday. So he was he was touting it. 767 00:44:40,040 --> 00:44:43,240 He got some negative back on this folks saying it was already 768 00:44:43,240 --> 00:44:47,360 around which he responded to and jerked back this morning. 769 00:44:48,880 --> 00:44:50,200 But it's an interesting new idea. 770 00:44:50,200 --> 00:44:53,160 We will continue to follow these tokens and clearly some some big 771 00:44:53,440 --> 00:45:00,240 price action early on as well. So that mostly goes through the 772 00:45:00,240 --> 00:45:02,840 headlines from the day. I think folks may have seen that 773 00:45:02,840 --> 00:45:05,600 Pudgy Penguin sale. That was a big one. 774 00:45:05,600 --> 00:45:09,600 The left facing Pudgy it's a one O 1, the only one facing left. 775 00:45:09,960 --> 00:45:11,760 So is he down a lot on that sale? 776 00:45:12,280 --> 00:45:19,400 Yes, yes, indeed. It previously sold for 400 ETH 777 00:45:19,600 --> 00:45:26,520 three years ago, so a 200 ETH loss, but in USD terms that was 778 00:45:26,520 --> 00:45:30,360 $673,000. Did he comment on this? 779 00:45:30,360 --> 00:45:31,880 He's normally pretty vocal, isn't he? 780 00:45:32,200 --> 00:45:35,440 I have not seen it is. It like kinky bed bugs or 781 00:45:35,440 --> 00:45:37,880 something. Yes, that's his handle. 782 00:45:38,520 --> 00:45:41,080 So I was a little surprised to see like no, no statements on 783 00:45:41,080 --> 00:45:44,440 such a big it was a very splashy buy right in a bit of a 784 00:45:44,440 --> 00:45:48,480 controversial 1. It looks like he had a loan out 785 00:45:48,520 --> 00:45:52,600 the 60th loan against it. So when he sold it on Gandhi, he 786 00:45:52,600 --> 00:45:55,080 cleared 148th and paid off the 60th loan. 787 00:45:56,640 --> 00:46:00,400 I don't see, sorry I was scrolling through his feed I I 788 00:46:00,400 --> 00:46:05,240 don't see any tweets about he has changed his PFP. 789 00:46:05,240 --> 00:46:11,600 It's like a Power Ranger or something now, but man, it's 790 00:46:13,360 --> 00:46:17,800 kind of painful. There was an opportunity to sell 791 00:46:17,800 --> 00:46:20,160 this for much more at some point, was there not? 792 00:46:20,320 --> 00:46:23,640 I mean, there had to have been. Maybe not. 793 00:46:23,720 --> 00:46:28,040 Maybe not much more, but more at some point, not more. 794 00:46:28,400 --> 00:46:30,920 Fungible didn't they like just everything about them went more 795 00:46:30,920 --> 00:46:32,400 fungible. I think he was probably one of 796 00:46:32,400 --> 00:46:36,280 the last like big one of one star. 797 00:46:36,280 --> 00:46:39,840 So apart from punks, right, everything else is like how many 798 00:46:39,840 --> 00:46:41,920 tokens do you get? Well everyone gets the same 799 00:46:41,920 --> 00:46:46,000 amount of the tokens. Like for the points for the air 800 00:46:46,000 --> 00:46:47,360 drop farming it was the same amount. 801 00:46:47,360 --> 00:46:49,760 So like this felt like the wrong it was. 802 00:46:49,760 --> 00:46:51,640 He was always going to lose money on that after all those 803 00:46:51,640 --> 00:46:55,240 incentive change. Yeah, I think that's pretty 804 00:46:55,240 --> 00:46:58,920 fair. We saw a decent round of gold 805 00:46:58,920 --> 00:47:01,120 and diamond sales. So the pudgy floor went to 100 806 00:47:01,120 --> 00:47:05,280 Ki, don't know if you remember that Pudgies were 100K ahead of 807 00:47:05,280 --> 00:47:10,400 that Pingu launch. So I would imagine if he tried 808 00:47:10,400 --> 00:47:12,320 to sell it then maybe he could have gotten a touch more. 809 00:47:12,320 --> 00:47:14,240 But I think Mando's right. I think when when you introduced 810 00:47:14,240 --> 00:47:18,520 all the fungible tokens to this, it definitely hurts mid tears or 811 00:47:18,520 --> 00:47:24,440 hurts rares, but an interesting sale nonetheless. 812 00:47:24,440 --> 00:47:27,280 I think the question is even at 200, will the the current buyer 813 00:47:27,280 --> 00:47:28,760 be able to to flip a profit on that? 814 00:47:30,320 --> 00:47:32,720 We will find out. Well, folks think that is the 815 00:47:32,880 --> 00:47:32,960 show.