1 00:00:00,760 --> 00:00:03,920 Good morning, good morning, everyone. 2 00:00:03,920 --> 00:00:10,920 GMGM and welcome to another episode of Homo Hour May. 3 00:00:11,920 --> 00:00:15,760 Today is Wednesday, April 30th, 2025. 4 00:00:15,760 --> 00:00:18,640 Last day of April in the books here folks. 5 00:00:18,640 --> 00:00:21,320 In Hadley. Our green streak is over. 6 00:00:21,320 --> 00:00:25,120 A bad GDP report in the US has set broader markets lower. 7 00:00:25,120 --> 00:00:30,000 Recession odds are up. Crypto not immune from this draw 8 00:00:30,000 --> 00:00:32,720 down. The board is red. 9 00:00:32,800 --> 00:00:36,200 Now the question on our minds, was this last rally a bull trap 10 00:00:36,520 --> 00:00:39,800 or just a blip on the way up? We're going to break it all down 11 00:00:40,160 --> 00:00:43,200 on today's show. Manda will be joining us here in 12 00:00:43,200 --> 00:00:45,200 a few minutes, but we've got Logan on with us. 13 00:00:45,240 --> 00:00:48,480 Logan GN, How you doing? Hey, good morning, Tyler. 14 00:00:48,880 --> 00:00:51,760 Doing well. Not too much to report. 15 00:00:52,240 --> 00:00:55,320 Weather is beautiful here as always and feeling pretty good. 16 00:00:55,760 --> 00:00:59,320 Your final week in Peru. Yeah, just a few days, a few 17 00:00:59,320 --> 00:01:01,800 days left. I'm I'm, I'm going to miss it. 18 00:01:01,800 --> 00:01:06,000 It's going to be bittersweet. A long time here, but I've I've 19 00:01:06,000 --> 00:01:09,520 enjoyed it. And maybe you will be shocked 20 00:01:09,520 --> 00:01:12,560 when you return and see what prices are in the US cause 21 00:01:12,560 --> 00:01:16,200 according to the CDP report, inflation is is is spiking. 22 00:01:17,520 --> 00:01:21,200 I I'm going to be shocked. I I just got a dinner actually 23 00:01:21,200 --> 00:01:23,520 by myself last night. My fiance was out with some of 24 00:01:23,520 --> 00:01:27,200 the other students and I checked my, you know, just checked my 25 00:01:27,200 --> 00:01:30,720 credit card statement as randomly and I noticed that the 26 00:01:30,720 --> 00:01:35,120 burger that I got, which was excellent by the way, was $7.00 27 00:01:35,280 --> 00:01:37,720 a burger and a drink for dinner. Let's go. 28 00:01:38,840 --> 00:01:42,120 Yeah. Well, now you know that time to 29 00:01:42,120 --> 00:01:45,400 talk. You can just go back to Peru and 30 00:01:45,400 --> 00:01:48,240 try to save some capital folks. What are we talking about on 31 00:01:48,240 --> 00:01:49,880 today's show? We're going to start with the 32 00:01:49,880 --> 00:01:52,520 market report. Recession fears looming odds of 33 00:01:52,520 --> 00:01:55,480 rate cuts going up, though perhaps a silver lining. 34 00:01:55,960 --> 00:01:58,440 Crypto had been chopping now dipping. 35 00:01:58,440 --> 00:02:02,120 We'll see if Bitcoin 93 K holds might do a little look back 36 00:02:02,360 --> 00:02:05,800 Trump's first 100 days in the books, the first crypto 37 00:02:05,800 --> 00:02:08,120 president. Also some news about Trump very 38 00:02:08,120 --> 00:02:13,080 related, true social exploring a token and a digital law. 39 00:02:13,120 --> 00:02:15,160 What is that going to mean for markets? 40 00:02:15,160 --> 00:02:17,120 We've got a scandal brewing with movement. 41 00:02:17,120 --> 00:02:19,440 Some new details were leaked here this morning. 42 00:02:19,920 --> 00:02:22,720 More tokenization headlines, Black rocks tokenizing a fund. 43 00:02:22,720 --> 00:02:26,120 The TUM Foundation is launching a $500 million tokenized debt 44 00:02:26,120 --> 00:02:27,520 fund. We've got the NASDAQ. 45 00:02:27,800 --> 00:02:30,160 They want that DOGE ETF. They're pushing hard for the 46 00:02:30,160 --> 00:02:32,720 DOGE ETF. The sole trenches folks, they 47 00:02:32,720 --> 00:02:35,680 were on fire, but maybe they just local tops. 48 00:02:35,760 --> 00:02:38,800 We'll talk about that. A new token launchpad from Ding, 49 00:02:38,800 --> 00:02:43,840 a Ling and a whole lot more. Before we dive in, shout out to 50 00:02:43,840 --> 00:02:46,320 our partner Wallet Connect. Wallet Connect is the 51 00:02:46,320 --> 00:02:49,080 connectivity network shaping the future of on chain UX. 52 00:02:49,320 --> 00:02:52,160 If you've connected to a Web 3 app, you've seen wallet connect, 53 00:02:52,160 --> 00:02:56,160 that blue logo, it's everywhere. And I kind of trust in crypto as 54 00:02:56,160 --> 00:02:58,800 recognizable as Visa at the checkout. 55 00:02:58,800 --> 00:03:01,800 If you want to learn more, follow at wallet connect on X 56 00:03:01,840 --> 00:03:04,880 and Telegram. Stay ahead of what's next, 57 00:03:05,080 --> 00:03:06,040 folks. Heat. 58 00:03:06,280 --> 00:03:09,320 We've also got the heat spin at the end of the show, so you want 59 00:03:09,320 --> 00:03:13,440 to stay tuned for that, folks? We've got Mando in the house 60 00:03:13,440 --> 00:03:15,880 now. Mando, Jim, how you doing? 61 00:03:17,000 --> 00:03:21,560 Jim, guys, how are you guys? I was just trying to survive our 62 00:03:21,560 --> 00:03:26,560 our first red day in what feels like a week or so here, but I 63 00:03:26,560 --> 00:03:30,200 think we'll we'll be able to get through it if you're ready. 64 00:03:30,840 --> 00:03:33,280 Without further ado, I say let's just dive right in to the 65 00:03:33,280 --> 00:03:39,880 market. Who is the man Macro daddy of 66 00:03:39,920 --> 00:03:44,560 the land? Can you dig it? 67 00:03:45,840 --> 00:03:47,160 Yeah. So this is definitely a day 68 00:03:47,160 --> 00:03:48,800 where macro kind of derailed us slightly. 69 00:03:48,800 --> 00:03:53,080 We'd had a basically a whole week of gains in stocks. 70 00:03:53,120 --> 00:03:57,880 And then today we had a kind of like a double whammy of bad 71 00:03:57,880 --> 00:04:04,720 data. Firstly, we had preliminary GDP 72 00:04:04,720 --> 00:04:07,440 numbers coming out of the US which showed a contraction 73 00:04:09,080 --> 00:04:11,680 negative nought .3% versus nought .3% expected. 74 00:04:11,680 --> 00:04:16,839 That's not a great sign for Q1. Remember Q1, the majority of 75 00:04:16,839 --> 00:04:18,279 these tariffs hadn't even happened. 76 00:04:18,279 --> 00:04:24,160 So definitely not a good look. And then core PCE, which is the 77 00:04:24,160 --> 00:04:28,000 inflation rate also came in quite a bit above expectations 78 00:04:28,000 --> 00:04:30,920 at 3 1/2%. So even before the tariffs came 79 00:04:30,920 --> 00:04:35,440 in, largely we had a slowing economy and higher inflation. 80 00:04:36,200 --> 00:04:41,040 This is classic stagflation that people will point to. 81 00:04:42,120 --> 00:04:44,560 I don't really know for crypto in this sort of environment, 82 00:04:44,560 --> 00:04:47,800 like crypto in the stagflation environment is not necessarily 83 00:04:47,800 --> 00:04:52,000 the worst possible thing, at least for Bitcoin, but it's it's 84 00:04:52,000 --> 00:04:54,600 not a great environment. Often for stocks, higher 85 00:04:54,600 --> 00:04:57,880 inflation, lower growth is, is normally pretty, pretty bad. 86 00:04:57,880 --> 00:05:02,880 And it also points to how hamstrung the the Fed can be in 87 00:05:02,880 --> 00:05:05,720 dealing with it. Remember, because if inflation's 88 00:05:05,720 --> 00:05:09,520 going up, the Fed actually can't do that much. 89 00:05:10,360 --> 00:05:16,080 So definitely not, not like a great scenario here for macro, 90 00:05:16,080 --> 00:05:20,320 at least in terms of how the market reacted to it. 91 00:05:20,320 --> 00:05:21,440 I mean, Bitcoin's down a little bit. 92 00:05:21,440 --> 00:05:23,760 Again, down 2% on the back of that. 93 00:05:24,400 --> 00:05:28,880 Bitcoin dominance is about to hit 95%. 94 00:05:29,080 --> 00:05:31,760 I think it nearly did actually at one point this morning. 95 00:05:31,880 --> 00:05:36,880 Sorry, 65%. So Bitcoin holding up again, 96 00:05:36,880 --> 00:05:38,120 much better than everything else. 97 00:05:39,480 --> 00:05:42,920 We kind of throw a nuke in. Not really a nuke, but the stuff 98 00:05:43,200 --> 00:05:46,240 that had been running up all got bashed down straight away. 99 00:05:46,240 --> 00:05:52,040 So like the AI coins, the meme coins, all all not having a 100 00:05:52,040 --> 00:05:55,800 great day. Probably down around 10%, I 101 00:05:55,800 --> 00:06:00,280 would say on average for some of the major or like maybe like, 102 00:06:00,280 --> 00:06:04,040 yeah, 5 to 15% kind of range for a lot of these coins down. 103 00:06:05,440 --> 00:06:08,800 So, yeah, not not a great, great day for, for like the more risky 104 00:06:08,800 --> 00:06:11,800 stuff. And probably just points to the 105 00:06:11,800 --> 00:06:13,680 idea that we're not at the words from a macro perspective. 106 00:06:13,680 --> 00:06:16,520 But interestingly, like Bitcoin's narrative has been 107 00:06:16,520 --> 00:06:18,120 kind of that doesn't matter recently. 108 00:06:18,120 --> 00:06:22,360 Like it's more that, you know, global liquidity is going higher 109 00:06:22,360 --> 00:06:26,560 and and US hegemony is going down and Bitcoin's a hedge for 110 00:06:26,560 --> 00:06:29,800 that. I kind of think that that also 111 00:06:29,800 --> 00:06:31,640 increases with these sort of figures. 112 00:06:31,640 --> 00:06:36,760 So I would be unsurprised if Bitcoin bounces here or like 113 00:06:36,760 --> 00:06:39,800 doesn't have as bad a day as as you may maybe would expect it 114 00:06:39,800 --> 00:06:41,960 to. Despite stocks having a weekday, 115 00:06:42,000 --> 00:06:47,760 I think we'll outperform again on the back of this stocks look 116 00:06:47,760 --> 00:06:50,400 like they're having not a great day today. 117 00:06:51,960 --> 00:06:57,960 You've got, you got the NASDAQ looks like it's down about two 118 00:06:57,960 --> 00:07:02,440 percent, 2 1/2% right now. So yeah, that's not, that's 119 00:07:02,560 --> 00:07:05,360 nearly 3% actually. But interestingly, gold is going 120 00:07:05,360 --> 00:07:08,320 higher again. Gold had like a bit of a dip and 121 00:07:08,320 --> 00:07:10,600 and it's interestingly bounced as soon as that figure comes 122 00:07:10,600 --> 00:07:14,880 out, comes out. So I think that's basically what 123 00:07:14,880 --> 00:07:16,000 I'm saying. Again, I think this is just 124 00:07:16,000 --> 00:07:18,680 another world where Bitcoin dominance goes higher and and 125 00:07:19,600 --> 00:07:21,960 people maybe get even more scared about the macro prospect 126 00:07:21,960 --> 00:07:24,640 for the next year. Trump's basically come out and 127 00:07:24,640 --> 00:07:26,400 and trying to blame everyone else. 128 00:07:27,760 --> 00:07:30,120 To be fair, this is Q1. So again, this is probably 129 00:07:30,120 --> 00:07:32,600 before a lot of his his policies have kind of come in, but I 130 00:07:32,600 --> 00:07:37,120 wouldn't say his policies are necessarily going to make him 131 00:07:37,120 --> 00:07:41,640 better. Yeah, I think that's a fair 132 00:07:41,640 --> 00:07:44,520 assumption. We've seen him come out and say 133 00:07:44,520 --> 00:07:47,520 this is Biden's stock market, not Trump's, which aligns with 134 00:07:47,520 --> 00:07:49,040 some things he said earlier. But now I've seen the 135 00:07:49,040 --> 00:07:51,760 screenshots as well where he said this is our stock market. 136 00:07:52,640 --> 00:07:56,000 So on the green days, it says on the red days, it's still 137 00:07:56,000 --> 00:07:59,960 Biden's. Not a massive surprise. 138 00:08:01,080 --> 00:08:04,400 Sort of, sort of. Art of the Deal. 139 00:08:04,640 --> 00:08:10,520 No, that game, well, Wiz summarized it here. 140 00:08:10,560 --> 00:08:16,200 You know, GDP down, personal consumption's down and then 141 00:08:16,200 --> 00:08:19,240 inflation was up, prices up. The price is up. 142 00:08:19,240 --> 00:08:21,760 Really surprised me. I'm not, I'm not going to lie. 143 00:08:21,760 --> 00:08:23,760 That was my most surprising thing from all. 144 00:08:23,760 --> 00:08:28,040 So I actually thought I, I've seen forecast that that Q1 GDP 145 00:08:28,040 --> 00:08:30,240 was going much lower than this actually. 146 00:08:31,240 --> 00:08:33,520 So I, I thought we all just knew that that was coming. 147 00:08:34,200 --> 00:08:38,360 So I was a bit. Surprised the Atlanta Fed yeah 148 00:08:38,480 --> 00:08:45,440 regularly posts wildly like wild GDP figures which are like way 149 00:08:45,440 --> 00:08:48,720 off from all the other feds. Like because often different 150 00:08:48,720 --> 00:08:52,080 states have their own Federal Reserve essentially and they 151 00:08:52,080 --> 00:08:54,600 always get picked up by the like the mainstream media. 152 00:08:55,360 --> 00:08:59,200 I think they predicted what -2 1/2 percent or something for Q1. 153 00:08:59,600 --> 00:09:01,720 It's 3.7 at one point I think I saw yeah. 154 00:09:02,040 --> 00:09:04,880 Like they are always wobbly off. Like if you want to just 155 00:09:05,040 --> 00:09:11,080 engagement farm, you tweet about what the Atlanta fed thinks and 156 00:09:11,720 --> 00:09:16,880 they they they were really low. I think most people obviously 157 00:09:16,880 --> 00:09:19,360 there was a broader prediction that this would be like nought 158 00:09:19,360 --> 00:09:21,800 .3% it would be lower, but not as low as that. 159 00:09:22,440 --> 00:09:25,320 This going down is just I think it's just it's just bad because 160 00:09:25,320 --> 00:09:32,560 it's Q1 like remember Liberation Day was was April 5th was it 161 00:09:32,560 --> 00:09:37,640 yeah, it was a beautiful day inflate true inflation is still 162 00:09:37,640 --> 00:09:40,320 low so like yeah that that's still in effect but. 163 00:09:41,320 --> 00:09:46,000 This is what surprises me. This this does surprise me too. 164 00:09:46,200 --> 00:09:49,880 Like I've been genuinely surprised at this because of 165 00:09:49,880 --> 00:09:53,440 what I can tell there is some there is some real inflation 166 00:09:53,440 --> 00:09:55,880 going on in the US. Like there was this headline 167 00:09:55,880 --> 00:09:59,000 yesterday that, you know, Trump was fighting with Amazon because 168 00:09:59,000 --> 00:10:03,760 Amazon, Amazon we're going to like say, you know, the prices 169 00:10:03,760 --> 00:10:05,480 are going up because of these tariffs. 170 00:10:05,480 --> 00:10:08,880 And this is how much Amazon aren't trying to like get price 171 00:10:08,880 --> 00:10:11,000 gouge here. Like Amazon are always trying to 172 00:10:11,000 --> 00:10:17,640 be the lowest cost, right? So I was surprised at that, that 173 00:10:17,640 --> 00:10:21,680 that inflation has stayed low because I do think you guys are 174 00:10:21,680 --> 00:10:24,160 going to have some inflation here on the back of it and maybe 175 00:10:24,160 --> 00:10:25,960 maybe true inflation is obviously more of a lagging 176 00:10:25,960 --> 00:10:29,040 indicator. It's not, it's not a, it's not a 177 00:10:30,680 --> 00:10:33,120 forward-looking indicator. Yeah, I think it's the 178 00:10:33,120 --> 00:10:36,800 disconnect that's been what's surprising slash confusing to me 179 00:10:36,800 --> 00:10:39,840 is like how this can be so low at 1.6%. 180 00:10:40,680 --> 00:10:44,160 Now we're seeing 3 1/2% via other reporting mechanisms. 181 00:10:44,160 --> 00:10:49,720 I guess as a consumer, I I don't feel like we've seen price of 182 00:10:49,720 --> 00:10:52,360 goods go up in Q1. In fact, I think there's a lot 183 00:10:52,360 --> 00:10:53,960 of things that are that are cheaper. 184 00:10:54,840 --> 00:11:00,040 The gas is cheaper. I'm I'm pretty confident, which 185 00:11:00,040 --> 00:11:02,240 is a big one. I guess I don't, maybe I don't 186 00:11:02,240 --> 00:11:08,840 have my finger on the pulse of rent, but I do believe like 187 00:11:08,920 --> 00:11:11,320 that, yes, we will see it go up like we're saying like the 188 00:11:11,320 --> 00:11:13,760 tariffs increasing prices. I think that's, that's hard to 189 00:11:13,760 --> 00:11:15,800 argue with. I'm not going to argue against 190 00:11:15,800 --> 00:11:17,320 that, but we haven't really seen that hit yet. 191 00:11:17,320 --> 00:11:22,520 Like I, I, I get it for Q2 and, and looking ahead, but I was 192 00:11:22,520 --> 00:11:24,560 surprised to see a lagging indicator showing at that one 193 00:11:24,840 --> 00:11:26,720 much higher. I think the other piece here, 194 00:11:26,720 --> 00:11:29,840 which is still like maybe counterintuitive to me is the 195 00:11:29,880 --> 00:11:36,640 the CME now pricing in 41% chance of four rate cuts by the 196 00:11:36,640 --> 00:11:41,040 end of 2025 and five cuts still 28%. 197 00:11:41,040 --> 00:11:45,960 So 70% chance of four to five cuts in 2025. 198 00:11:46,880 --> 00:11:49,400 But on the flip side, if you're face, if you're dealing with 199 00:11:49,400 --> 00:11:53,120 inflation in your palate, how do you how do you cut rates with 200 00:11:53,120 --> 00:11:55,240 looming inflation driven by tariffs? 201 00:11:56,160 --> 00:11:57,720 So like are, are they just betting? 202 00:11:57,760 --> 00:12:00,000 Yeah. That's kind of aggressive 203 00:12:00,000 --> 00:12:02,000 position. I, I didn't realize it was 204 00:12:02,000 --> 00:12:03,720 pricing in that many at this stage. 205 00:12:04,200 --> 00:12:10,120 I, it's difficult to know, right? 206 00:12:10,120 --> 00:12:11,760 Like what are you going to do with your pal here? 207 00:12:12,000 --> 00:12:15,360 Like if we start to go into recession and inflation starts 208 00:12:15,360 --> 00:12:21,240 rising, I don't know if rate cuts would be the tool that I 209 00:12:21,240 --> 00:12:22,800 would use. Do you know what I mean? 210 00:12:23,440 --> 00:12:26,520 Because they're, they're like the most obvious tool, but he 211 00:12:26,520 --> 00:12:31,880 might just like turn on QE rather than like do rate cuts. 212 00:12:33,680 --> 00:12:34,960 That's what I would do if I were him. 213 00:12:34,960 --> 00:12:40,760 Like I'd try and like increase money supply but not a lot of 214 00:12:40,760 --> 00:12:45,320 race cuts basically. Something's going to give. 215 00:12:45,320 --> 00:12:47,960 I mean a lot of folks are are betting on that something giving 216 00:12:48,440 --> 00:12:52,320 and I think that's a part of the bull case for Bitcoin here. 217 00:12:53,720 --> 00:12:57,720 Sorry about that. And Bitcoin still does feel like 218 00:12:57,720 --> 00:13:02,520 it's, I don't know if I would say outperform, I think broadly 219 00:13:02,520 --> 00:13:04,640 outperforming today it's down 1.7%. 220 00:13:04,640 --> 00:13:08,880 That's basically in line with how the stock market indexes are 221 00:13:08,880 --> 00:13:17,560 down, each down 4% sold, down 4% here as as well. 222 00:13:19,320 --> 00:13:21,160 Running through a few of the other headlines. 223 00:13:21,160 --> 00:13:23,880 I won't get to the Trump stuff here in a minute, man. 224 00:13:23,880 --> 00:13:25,440 No, I saw you tweet this out this morning. 225 00:13:25,440 --> 00:13:27,360 I'm not sure if you had a chance to to dig into this. 226 00:13:27,360 --> 00:13:28,560 It's. Wild. 227 00:13:29,640 --> 00:13:35,240 To scale the movement. So, So Coindesk is leaking all 228 00:13:35,240 --> 00:13:39,120 the the contracts tied to this effectively. 229 00:13:39,600 --> 00:13:47,320 Movement Foundation signed this deal with Web Port Labs to give 230 00:13:47,320 --> 00:13:52,120 them a a good chunk of their tokens and they had a clause in 231 00:13:52,120 --> 00:13:55,760 their contract that if Move hit a $5 billion valuation, they 232 00:13:55,760 --> 00:14:00,600 could sell, which Move did. And then they instantly market 233 00:14:00,600 --> 00:14:05,160 sold, which I believe led to the finance investigation of them. 234 00:14:05,600 --> 00:14:07,200 I've not had a chance to dig into this. 235 00:14:07,200 --> 00:14:09,960 I'm curious if you got a take on this one. 236 00:14:11,000 --> 00:14:12,440 And. I think this follows out from 237 00:14:12,440 --> 00:14:16,120 what we saw pretty recently with Mantra, right? 238 00:14:17,680 --> 00:14:22,400 There's clearly been some deals from some of these L ones or 239 00:14:22,400 --> 00:14:28,120 like VC back projects with I mean, everyone's trying to like 240 00:14:28,440 --> 00:14:33,880 point the the finger of blame at market makers, but these people 241 00:14:33,880 --> 00:14:36,760 get into deals with market makers who basically say, look, 242 00:14:37,880 --> 00:14:41,640 we can be culpable, give us all your supply, we'll sell it for 243 00:14:41,640 --> 00:14:49,320 you basically and obviously has to hit certain levels, but we 244 00:14:49,320 --> 00:14:51,720 will we will sell it for you. And I think that's what 245 00:14:51,720 --> 00:14:54,080 happened. Really what happened with with 246 00:14:54,200 --> 00:14:59,600 mantra, it's similarly there's some talk about happening with 247 00:14:59,600 --> 00:15:02,600 things like story protocol. Remember that went down a lot at 248 00:15:03,000 --> 00:15:06,800 one stage and there's been a lot of expectation that they might 249 00:15:06,800 --> 00:15:11,760 be involved in something here. And then finally it's with it's 250 00:15:11,760 --> 00:15:15,080 with with move. I mean, I story, I don't know, 251 00:15:15,080 --> 00:15:19,000 but I just, I know I've heard other things around there. 252 00:15:19,040 --> 00:15:24,680 But yeah, it's it's just clear that some of these, you do get 253 00:15:24,680 --> 00:15:32,840 involved in these sort of deals and these guys at movement, they 254 00:15:32,840 --> 00:15:39,440 gave up 50% of the circulating ecosystem supply for this 50%. 255 00:15:39,440 --> 00:15:42,640 And then they've turned around and said, oh, we didn't know, we 256 00:15:42,640 --> 00:15:46,760 got duped into this. Somebody did this, but it wasn't 257 00:15:46,760 --> 00:15:48,760 me. And it's just. 258 00:15:49,680 --> 00:15:52,880 Guys who did this? It's just hilarious. 259 00:15:53,080 --> 00:15:56,040 We will get to the bottom of the we're going to do an internal 260 00:15:56,040 --> 00:15:58,920 investigation. How did that Libra investigation 261 00:15:58,920 --> 00:16:00,800 go with Meow, by the way? Anyone. 262 00:16:00,880 --> 00:16:02,560 Anyone checked in on those guys recently? 263 00:16:08,240 --> 00:16:10,280 Yeah. Bullish internal investigation 264 00:16:10,280 --> 00:16:14,000 by a by web three companies. That's what's going on. 265 00:16:14,000 --> 00:16:16,240 Movement, The movement team are going to get to the bottom of 266 00:16:16,240 --> 00:16:19,520 what happened here, OK? You you can rest assured they're 267 00:16:19,520 --> 00:16:20,960 they're going to get to the bottom of this. 268 00:16:20,960 --> 00:16:23,600 They made $35 million. We are going to, we are going to 269 00:16:23,720 --> 00:16:28,520 find out what happened. I think basically that the take 270 00:16:28,520 --> 00:16:31,440 away for me is if you know, if you're watching any of these 271 00:16:31,440 --> 00:16:35,760 altcoins and they're and they're showing explosive price action 272 00:16:35,760 --> 00:16:40,400 that doesn't really jive or or pass the the gut, the gut test 273 00:16:41,880 --> 00:16:43,280 maybe something else is going on. 274 00:16:44,200 --> 00:16:46,080 Yeah, I think it's sad. Unfortunately, we've seen that 275 00:16:46,080 --> 00:16:50,280 play out a few times here this year. 276 00:16:50,280 --> 00:16:53,520 I don't I'd be surprised if we don't see it again, Right. 277 00:16:53,720 --> 00:16:55,800 I think that's another unfortunate take away. 278 00:16:57,240 --> 00:17:00,480 Quick, quick side folks, if you are watching, the code for today 279 00:17:00,480 --> 00:17:04,480 is house raffle block code is house for those for that eat 280 00:17:04,480 --> 00:17:08,880 action later on in the show. Well, those are some of the 281 00:17:08,880 --> 00:17:10,880 headlines. I'll go quickly through a few 282 00:17:10,880 --> 00:17:13,640 others. Let's see, we'll get to Trump 283 00:17:13,640 --> 00:17:17,440 here in a second. A few tokenization headlines. 284 00:17:17,440 --> 00:17:22,440 Telegram, they're launching $500 million on chain fund for their 285 00:17:22,440 --> 00:17:26,920 to tokenize their debt, access to $2.4 billion in debt from the 286 00:17:26,920 --> 00:17:28,680 Telegram Foundation. That was a big one. 287 00:17:28,680 --> 00:17:32,120 BlackRock announced something similar and then Sofi announcing 288 00:17:32,120 --> 00:17:36,920 return to crypto under a more crypto friendly deregulated 289 00:17:36,920 --> 00:17:42,040 Trump administration, which might be a good sake to Trump's 290 00:17:42,040 --> 00:17:44,040 first 100 days. So, So Logan, we were chatting a 291 00:17:44,040 --> 00:17:45,400 little bit about this before the show. 292 00:17:45,400 --> 00:17:48,160 And Mando, curious for your thoughts as well focus more 293 00:17:48,160 --> 00:17:51,360 specifically from a crypto standpoint. 294 00:17:52,280 --> 00:17:57,720 Curious for your thoughts on Trump's first 100 days in the 295 00:17:57,720 --> 00:17:59,720 books and maybe a grade rating AMF. 296 00:18:02,080 --> 00:18:05,640 Yeah, well, if you scroll through this article, which I, I 297 00:18:05,640 --> 00:18:10,440 highly encourage everybody to do from Liz at the Crypt, it's a 298 00:18:10,440 --> 00:18:13,640 good summary of all the things. There's been so many headlines 299 00:18:13,920 --> 00:18:15,120 over the course of the last few months. 300 00:18:15,120 --> 00:18:17,120 It's a really good summary of like things that have actually 301 00:18:17,120 --> 00:18:21,320 gotten done, many of which were hoped to have been done a long 302 00:18:21,320 --> 00:18:23,280 time ago. And the previous administration, 303 00:18:23,280 --> 00:18:27,040 right, put kind of either the kibosh or, you know, an outward 304 00:18:27,040 --> 00:18:29,960 attack and in some instances against those things. 305 00:18:30,920 --> 00:18:35,480 So yeah, it's what the crypto broker rule or the first pro 306 00:18:35,480 --> 00:18:39,360 crypto legislation signed. You have the the pardoning of 307 00:18:39,360 --> 00:18:42,800 Ross Albright. You have, my gosh, there's so 308 00:18:42,800 --> 00:18:45,160 much else in here, right? You have the strategic reserve. 309 00:18:45,200 --> 00:18:47,280 There's a, there's a lot of things that were promised or 310 00:18:47,280 --> 00:18:51,800 that were said or rumored whilst Trump was on the campaign trail 311 00:18:51,920 --> 00:18:55,000 that pro crypto people were excited about that he actually, 312 00:18:55,760 --> 00:18:59,680 you know, either made inroads towards or literally got done. 313 00:19:00,280 --> 00:19:02,000 And so I think if you're, if you're viewing this from a 314 00:19:02,000 --> 00:19:06,560 crypto lens and you remove maybe the meme coins, you're not 315 00:19:06,560 --> 00:19:08,720 included here, right? That's not like policy type 316 00:19:08,720 --> 00:19:12,200 stuff that's included here. I think the grade is, is pretty 317 00:19:12,200 --> 00:19:14,160 good. It's probably in like the B 318 00:19:14,160 --> 00:19:16,920 minus range. It might even be higher. 319 00:19:16,920 --> 00:19:20,680 You know, it's tough for me to extract the the meme coin stuff, 320 00:19:20,800 --> 00:19:23,120 I think. I think, I think that's a part 321 00:19:23,120 --> 00:19:24,920 of it. So I want you to include that. 322 00:19:25,040 --> 00:19:28,040 Yeah, I think if you include the meme coin stuff, I I think yeah, 323 00:19:28,040 --> 00:19:32,320 B -, C plus and I could see arguments for a little bit lower 324 00:19:32,320 --> 00:19:35,360 just because that is the stuff and we talk about movement and 325 00:19:35,360 --> 00:19:37,080 all the shady stuff going on here. 326 00:19:37,080 --> 00:19:41,600 Those are the types of things that bring on the scrutiny and 327 00:19:42,240 --> 00:19:48,400 warrant warrant detractors and warrant people considering that 328 00:19:48,400 --> 00:19:52,560 they this industry is like not so serious like because many 329 00:19:52,560 --> 00:19:55,280 times it's not. So those, those are the things 330 00:19:55,280 --> 00:19:58,280 that I would say tremendously bring down the grade, you know, 331 00:19:58,280 --> 00:20:01,840 all the, the world liberty financial stuff, the, you know, 332 00:20:01,840 --> 00:20:07,160 potential enrichment of Trump and his family via these things 333 00:20:07,160 --> 00:20:10,480 that he didn't need to probably do, like launch 2 mean coins. 334 00:20:10,920 --> 00:20:13,840 Those are the things that I totally understand would bring 335 00:20:14,040 --> 00:20:16,840 and and I personally would ascribe to bringing the grade 336 00:20:16,840 --> 00:20:21,520 down significantly. Otherwise, the pro crypto things 337 00:20:21,520 --> 00:20:26,280 that have gotten done have been, you know, largely exciting. 338 00:20:26,360 --> 00:20:28,880 I I would say for for somebody who's actively participating and 339 00:20:28,880 --> 00:20:32,520 working in the space. Yeah, I made my list before I 340 00:20:32,520 --> 00:20:35,680 kind of went to the article of things that I could remember him 341 00:20:35,680 --> 00:20:38,120 getting done. So Bitcoin Reserve top of the 342 00:20:38,120 --> 00:20:41,320 list, some pro crypto appointments helping to change 343 00:20:41,320 --> 00:20:44,880 the the SEC guard, SEC then going on to effectively drop all 344 00:20:44,880 --> 00:20:47,040 their lawsuits pretty much across the board. 345 00:20:47,680 --> 00:20:50,840 Most would say we're kind of wrongfully brought in the 1st 346 00:20:50,840 --> 00:20:55,160 place stable coin legislation now already in process increased 347 00:20:55,160 --> 00:20:58,680 M&A activity in the broader crypto space returned to the US. 348 00:20:58,680 --> 00:21:01,720 So five that the latest bank saying, hey, now we're going to 349 00:21:01,720 --> 00:21:06,240 come back and launch full crypto services freeing Ross and I 350 00:21:06,240 --> 00:21:08,320 missed a few of the others from the article like setting up the 351 00:21:08,320 --> 00:21:12,080 crypto task force, having that first crypto round table and a 352 00:21:12,080 --> 00:21:16,200 few other things. So I think objectively from a 353 00:21:16,200 --> 00:21:20,720 crypto lens, a pretty wildly successful 1st 100 days. 354 00:21:20,720 --> 00:21:26,200 From a policy standpoint, I would give it an A but coupled 355 00:21:26,200 --> 00:21:29,840 with the meme coin, coupled with World Liberty 5, coupled with 356 00:21:29,840 --> 00:21:34,480 now this true social token. I I'm down, I knock it to AB 357 00:21:34,520 --> 00:21:38,400 minus and I can I can listen to an argument to take my grade 358 00:21:38,400 --> 00:21:41,360 lower because it really does money. 359 00:21:41,360 --> 00:21:46,760 All this, it changes the political calculus and it we are 360 00:21:47,240 --> 00:21:52,440 at increasing rate of if the if the guard changes, will the 361 00:21:52,480 --> 00:21:54,600 other team try to flip some of this? 362 00:21:54,840 --> 00:21:58,320 Right, that's what. Sorry, Tyler, I was reading an 363 00:21:58,320 --> 00:22:02,120 article from The Hill, you know, more political focused 364 00:22:02,160 --> 00:22:05,360 publication about this, this sort of same thing, right, The 365 00:22:05,360 --> 00:22:08,280 first 100 days under Trump and the the crypto reflection as 366 00:22:08,280 --> 00:22:10,240 well. You know, there and there's some 367 00:22:10,240 --> 00:22:13,960 mention in there about Democrats that you know, previously may 368 00:22:13,960 --> 00:22:18,080 have been willing to listen to bipartisan bills about crypto 369 00:22:18,080 --> 00:22:22,800 feeling like if they now sort of submit to this, that they are 370 00:22:22,800 --> 00:22:26,720 becoming too pro Trump in their constituents eyes, right? 371 00:22:27,000 --> 00:22:30,840 And that's all that political stuff that if you are, you know, 372 00:22:30,840 --> 00:22:34,640 if you're on the other side, if you're anti Trump, you know, for 373 00:22:34,640 --> 00:22:39,000 whatever reason the case is, and you see these headlines like 374 00:22:39,000 --> 00:22:43,080 yesterday, true social may be doing a token and I'm sorry, 375 00:22:43,080 --> 00:22:46,360 Trump media, global, whatever may be doing a token and Trump 376 00:22:46,360 --> 00:22:49,720 enriching himself in that way. Like I, I get it, I get it. 377 00:22:49,720 --> 00:22:52,400 He doesn't. It doesn't need to happen and it 378 00:22:52,400 --> 00:22:55,720 feels grifty and it feels bad and and those are the types of 379 00:22:55,720 --> 00:22:59,040 things that could set back a lot of the progress that it has been 380 00:22:59,040 --> 00:23:02,520 made via policy and regulation thus far. 381 00:23:02,520 --> 00:23:08,240 And if you recall, the the elections this last fall elected 382 00:23:08,240 --> 00:23:12,680 a lot of candidates that were pro crypto from both sides. 383 00:23:12,800 --> 00:23:16,560 And you don't want to lose those as a result of something silly 384 00:23:16,560 --> 00:23:20,560 because you Trump had to keep getting rich on the next token. 385 00:23:21,920 --> 00:23:23,320 Totally agree. Amanda, curious for your 386 00:23:23,320 --> 00:23:28,680 thoughts from a from a more of a global perspective, you know? 387 00:23:28,680 --> 00:23:30,840 Outside, I think you you guys both hit a nail on the head. 388 00:23:30,840 --> 00:23:33,280 I think that's the feeling for everyone The, the at least 389 00:23:33,280 --> 00:23:35,360 within crypto, I think you couldn't have really asked for 390 00:23:35,360 --> 00:23:40,840 more, but it's been tarnished, I think by just efforts to 391 00:23:40,840 --> 00:23:44,280 potentially personally ingratiate himself and and kind 392 00:23:44,280 --> 00:23:45,680 of the family. It's very, very clear that when 393 00:23:45,680 --> 00:23:49,840 Trump leaves office, he's actually going to be still in 394 00:23:49,840 --> 00:23:52,640 like a very prime position here in US crypto. 395 00:23:52,760 --> 00:23:56,120 He's kind of setting, this is his retirement plan, in my 396 00:23:56,120 --> 00:24:00,080 opinion, like the Trump Trump is going to be, is kind of setting 397 00:24:00,080 --> 00:24:08,000 himself to be a very much centre stage in crypto post office and 398 00:24:08,000 --> 00:24:12,000 so is the family. So I think let's see where that 399 00:24:12,000 --> 00:24:15,400 kind of goes. I don't think it was necessarily 400 00:24:15,400 --> 00:24:20,920 needed, but maybe it wasn't necessarily needed. 401 00:24:20,920 --> 00:24:24,160 But perhaps we were all naive to think that it you didn't need 402 00:24:24,160 --> 00:24:25,760 somebody who was going to be massively personally 403 00:24:25,760 --> 00:24:28,360 incentivized to push all of this stuff through Washington. 404 00:24:29,280 --> 00:24:32,120 So maybe, yeah, maybe we were talking naive about that. 405 00:24:32,120 --> 00:24:37,440 But it does feel as though that's that's got in the way of 406 00:24:37,440 --> 00:24:40,120 stuff. Do I feel like it's it's going 407 00:24:40,120 --> 00:24:41,880 to get in the way of stuff for the long term? 408 00:24:42,160 --> 00:24:48,000 Less so like less so I do think there's part of this like crime 409 00:24:48,000 --> 00:24:51,320 season method that's going to come in, which is perhaps not 410 00:24:51,320 --> 00:24:53,880 great and probably will continue for a while, I think. 411 00:24:54,680 --> 00:24:59,320 But but I would say most of like the long term stuff, like in 10 412 00:24:59,320 --> 00:25:01,520 years, I think we're going to look back and be like, wow, 413 00:25:01,520 --> 00:25:02,800 who's really positive for crypto? 414 00:25:02,800 --> 00:25:07,800 It's just it's kind of we're going to make sure we take a a 415 00:25:07,800 --> 00:25:11,840 slice of slice off the top feels kind of banana, banana republicy 416 00:25:12,120 --> 00:25:16,360 for for the US. Yeah, I think that's very fair. 417 00:25:16,360 --> 00:25:19,560 You know, I'm duly aligned. We just, I feel like we just 418 00:25:19,560 --> 00:25:21,520 can't get there because there's always like this chance that 419 00:25:21,520 --> 00:25:24,080 he's just going to do something over the top and it's all going 420 00:25:24,080 --> 00:25:27,400 to come crashing down somehow and we just have to be on our 421 00:25:27,400 --> 00:25:29,760 guard. Let's get let's get into now the 422 00:25:29,760 --> 00:25:31,760 transition to the the latest news. 423 00:25:32,440 --> 00:25:35,680 So more Trump tokens perhaps incoming. 424 00:25:36,080 --> 00:25:39,200 Logan, you wrote the article. Walk us through this one. 425 00:25:39,560 --> 00:25:41,960 Yeah, this broke yesterday and near the end of the day, a 426 00:25:42,200 --> 00:25:47,120 shareholder letter from Trump Media, Trump Global Media, which 427 00:25:47,120 --> 00:25:52,120 is a publicly traded company. They have Truth Social, of 428 00:25:52,120 --> 00:25:55,080 course, the kind of like ex Twitter clone, right, that was 429 00:25:55,080 --> 00:25:59,200 set to free Americans who had been kind of de platformed or 430 00:25:59,200 --> 00:26:00,920 banned from Twitter or whatever the case is. 431 00:26:01,160 --> 00:26:04,520 They also have a streaming platform called Truth Plus, same 432 00:26:04,520 --> 00:26:09,480 sort of thing, streaming video streaming and announced Truth Fi 433 00:26:10,000 --> 00:26:14,120 back in January. But all that being said, they 434 00:26:14,120 --> 00:26:18,320 are looking to potentially launch a token and a wallet to 435 00:26:18,320 --> 00:26:23,320 kind of provide a utility, the utility token for this 436 00:26:23,320 --> 00:26:25,720 ecosystem, the Truth ecosystem, those three products that I was 437 00:26:25,720 --> 00:26:28,280 just mentioning. So yeah, it says here that quote 438 00:26:28,280 --> 00:26:30,680 from Devin Nunez. As part of the rewards program, 439 00:26:30,680 --> 00:26:33,920 we're exploring a utility token. There's no mention of crypto or 440 00:26:33,920 --> 00:26:35,600 there's no mention of blockchain. 441 00:26:36,000 --> 00:26:39,160 But I think you can draw the the lines here given Trump's 442 00:26:39,160 --> 00:26:42,600 connection to them and all the other, you know, connections to 443 00:26:42,600 --> 00:26:46,000 blockchain from, you know, world liberty, etcetera, from his 444 00:26:46,000 --> 00:26:48,680 family as well. So we don't know exactly what it 445 00:26:48,680 --> 00:26:51,920 might look like or if and when it may come. 446 00:26:51,920 --> 00:26:54,600 But we do know the other products, for example, they 447 00:26:54,600 --> 00:26:57,520 applied for ETFs truth fi that one arm. 448 00:26:58,200 --> 00:27:01,280 Yep, we do know that those other products, per that shareholder 449 00:27:01,280 --> 00:27:04,680 letter are anticipated to be out there this year. 450 00:27:04,840 --> 00:27:07,080 They're they're expecting to get them out there this year. 1 is a 451 00:27:07,080 --> 00:27:10,560 Bitcoin ETF. They also they're all America 452 00:27:10,560 --> 00:27:13,520 first themed. So there's like a mix of crypto 453 00:27:14,560 --> 00:27:17,320 and traditional equities that are, you know, America first 454 00:27:17,320 --> 00:27:19,840 that people will likely be able to invest in. 455 00:27:20,400 --> 00:27:23,240 Trump global media said they're going to invest right alongside 456 00:27:23,520 --> 00:27:27,200 and they did also in January. And I think it's, it's 457 00:27:27,240 --> 00:27:30,320 reiterated in the letter yesterday, indicate that they 458 00:27:30,320 --> 00:27:33,640 are going to use up to 250 million of their cash reserves 459 00:27:33,640 --> 00:27:36,720 to buy things like Bitcoin and other cryptocurrencies as well. 460 00:27:37,520 --> 00:27:40,760 That's kind of an aside. I missed that. 461 00:27:41,520 --> 00:27:42,480 Yeah. I think it's in the article, 462 00:27:42,480 --> 00:27:45,000 maybe near the bottom. It may have been edited out, I 463 00:27:45,000 --> 00:27:49,080 don't know. But anyway. 464 00:27:49,400 --> 00:27:53,400 Yeah, well, let's look for that. But the broader story, another 465 00:27:53,400 --> 00:27:56,920 Trump token. So we had the Trump meme, We've 466 00:27:56,920 --> 00:27:59,760 got Melania. We've got the World Liberty 5 467 00:27:59,760 --> 00:28:02,000 token, which isn't tradable yet, but it's coming. 468 00:28:02,000 --> 00:28:06,600 So we've got 3. This will be #4 How many Trump 469 00:28:07,280 --> 00:28:10,840 ecosystem tokens do you think we have by end of his presidency? 470 00:28:11,440 --> 00:28:14,080 What's your over under? My gosh, we're at 4 now. 471 00:28:14,200 --> 00:28:18,720 I mean it wouldn't shock me to see 10 like I I don't even know 472 00:28:18,720 --> 00:28:21,960 because because what what will end up happening here is they'll 473 00:28:21,960 --> 00:28:24,360 make a bunch of money on a truth token, right? 474 00:28:24,640 --> 00:28:26,440 I'm of course speculating, but like they'll make a bunch of 475 00:28:26,440 --> 00:28:29,880 money on a truth token and then they'll decide that the token 476 00:28:29,880 --> 00:28:32,800 for truth Phi should be different than the token from 477 00:28:32,800 --> 00:28:35,320 truth plus, because they made a bunch of money on the truth plus 478 00:28:35,320 --> 00:28:40,440 token right and then there'll be a token for truth social as well 479 00:28:40,440 --> 00:28:42,760 and then all those tokens you can exchange right for the 480 00:28:42,920 --> 00:28:46,360 overall ecosystem token. I don't know. 481 00:28:46,760 --> 00:28:48,080 It would not shock me. Aaron's. 482 00:28:48,080 --> 00:28:52,040 Going to turn 21 during this presidency, so. 483 00:28:52,040 --> 00:28:55,080 Aaron's token man, it's common. You just know by the end of the 484 00:28:55,240 --> 00:28:58,080 end of the four years. You want to have capital ready 485 00:28:58,080 --> 00:29:00,400 for that one, and then you want to be ready to sell everything 486 00:29:00,400 --> 00:29:01,280 else. Yeah. 487 00:29:01,960 --> 00:29:04,000 On that note, I'm on the over 10. 488 00:29:04,080 --> 00:29:07,200 I'll take the over on ten Trump tokens by by 2028. 489 00:29:08,120 --> 00:29:09,680 I can't believe you already have 4. 490 00:29:10,360 --> 00:29:12,160 It's been. It's bouncing quite nicely here 491 00:29:12,160 --> 00:29:17,720 though, guys, it's like. The old reversible that'll have 492 00:29:17,720 --> 00:29:19,360 the. For the. 493 00:29:19,360 --> 00:29:23,880 Minute nice. Just one one last thing on that 494 00:29:23,880 --> 00:29:27,760 the Trump note Tyler. So as I was reporting that story 495 00:29:27,760 --> 00:29:32,320 yesterday, basically within minutes of the first headlines 496 00:29:32,320 --> 00:29:37,680 sort of circulating Trump and Melania both snapped down. 497 00:29:37,680 --> 00:29:41,840 I think it was like, you know, 5 to 10% in the first hour or 498 00:29:41,840 --> 00:29:43,560 something. Like I, I don't exactly know. 499 00:29:43,760 --> 00:29:48,480 It wasn't like a, an absurd candle, but people reacted and 500 00:29:49,840 --> 00:29:52,120 as you would expect, right, like, Oh shit, here's another 501 00:29:52,120 --> 00:29:54,120 Trump token. Like I, I totally get that. 502 00:29:54,120 --> 00:29:56,720 If I was holding Trump and I saw that announcement, I probably 503 00:29:56,720 --> 00:30:00,160 would have sold as well because that's exactly what happened 504 00:30:00,160 --> 00:30:02,920 with Melania, right? You're just like this guy can't 505 00:30:02,920 --> 00:30:06,000 let can't let the thing keep going. 506 00:30:06,000 --> 00:30:09,400 All on the back of the Trump dinner news from from last week, 507 00:30:09,400 --> 00:30:10,600 too. So, yeah, that was my next 508 00:30:10,600 --> 00:30:13,720 question is what's the market impact of a truth poker news? 509 00:30:13,720 --> 00:30:15,920 Let's say it comes to light like is it going to be another 510 00:30:15,920 --> 00:30:19,280 Melania of it that that wrecks everything you? 511 00:30:19,600 --> 00:30:21,920 Think I could bend or eat of of care wealth? 512 00:30:21,920 --> 00:30:26,200 This. Once a token works, he thinks 513 00:30:26,200 --> 00:30:27,520 that we should get another one going. 514 00:30:27,520 --> 00:30:30,400 And even if it doesn't work, we'll get another one going. 515 00:30:31,760 --> 00:30:37,520 It's not, I'm sorry, Amanda, I, I, I don't know if it wrecks 516 00:30:37,520 --> 00:30:40,560 things quite as bad Tyler, just because it's, it is a little 517 00:30:40,560 --> 00:30:47,160 more insulated, like, at least in my perspective, like it's not 518 00:30:47,160 --> 00:30:50,480 Trump branded literally. Like we obviously know the 519 00:30:50,480 --> 00:30:53,880 connection between Trump and truth, like which is very, very 520 00:30:53,880 --> 00:30:56,760 strong, but it's not exactly his name. 521 00:30:56,760 --> 00:30:59,080 So it might be the rest of the market might be insulated in 522 00:30:59,080 --> 00:31:02,160 some way. Plus, you would envision that, 523 00:31:02,240 --> 00:31:04,320 you know, this is kind of a little law of diminishing 524 00:31:04,320 --> 00:31:09,240 returns in a way, like the the big impacts already happened. 525 00:31:09,240 --> 00:31:11,960 Like Melania was the big circle right now we're just kind of 526 00:31:11,960 --> 00:31:13,760 working our way now. Like, you know, truth is going 527 00:31:13,760 --> 00:31:16,000 to impact it, but a little bit less than the next one and then 528 00:31:16,000 --> 00:31:17,320 the next one and then the next one. 529 00:31:17,320 --> 00:31:20,360 So maybe not as much. I do think it'll send things 530 00:31:20,360 --> 00:31:22,960 down. It'll pull away, but maybe not 531 00:31:22,960 --> 00:31:25,000 as much as it as Melania did. Yeah. 532 00:31:25,320 --> 00:31:27,160 I'm pulling this up. This is like a triggering image 533 00:31:27,360 --> 00:31:30,600 for me. And I even did, I even did well 534 00:31:30,720 --> 00:31:33,560 on the Trump and Melania trades. But I feel like this is such a 535 00:31:33,560 --> 00:31:41,320 symbolic picture of the Q 12025 crash from pure euphoria to pure 536 00:31:41,320 --> 00:31:46,000 pain in in two weeks time. And this picture sums it up. 537 00:31:46,000 --> 00:31:47,440 And it's like she's laughing at us. 538 00:31:48,880 --> 00:31:54,480 And long is it $0.39. This thing got to to $12.00 plus 539 00:31:54,520 --> 00:31:57,920 that, Yeah. Its first time 13 O five I think 540 00:31:57,920 --> 00:32:00,160 was the all time high. I'm with you. 541 00:32:00,200 --> 00:32:02,640 I don't think the impact I saw people saying that this would be 542 00:32:02,640 --> 00:32:04,560 like a Melania situation, this truth token. 543 00:32:04,640 --> 00:32:06,680 I, I think it's going to be a smaller impact. 544 00:32:07,840 --> 00:32:11,200 My, my, my view is if they're going to roll out new Trump 545 00:32:11,200 --> 00:32:13,960 tokens once every four, once a quarter, once six months, I 546 00:32:13,960 --> 00:32:15,640 don't think it's going to have broader impacts. 547 00:32:15,880 --> 00:32:17,160 I think it could impact the Trump token. 548 00:32:17,160 --> 00:32:18,480 I think it could impact the Melania token. 549 00:32:18,480 --> 00:32:21,760 I don't think it's going to like A cause like the AI tokens doll 550 00:32:21,760 --> 00:32:24,960 sell off 40% or far quiz off 40%. 551 00:32:25,000 --> 00:32:28,120 Right, yeah, I'm with you there. And weirdly though, as I think 552 00:32:28,120 --> 00:32:32,000 about this a little bit of the tokens that exist, the truth one 553 00:32:32,000 --> 00:32:36,720 might make the most sense, you know, to exist as well, which 554 00:32:36,720 --> 00:32:41,400 may right, which may help limit a little bit of the damage that 555 00:32:41,400 --> 00:32:45,280 would that would permeate the rest of the, you know, his or 556 00:32:45,400 --> 00:32:47,000 the Trump family tokens. So. 557 00:32:47,400 --> 00:32:49,760 Yeah, let's start with like I'm not worried about Word Liberties 558 00:32:49,760 --> 00:32:52,040 5's token because like they've got a protocol, right? 559 00:32:52,040 --> 00:32:54,760 It wouldn't be out of for them to launch a token. 560 00:32:56,000 --> 00:32:58,040 Right. You're making a similar 561 00:32:58,040 --> 00:33:00,280 argument. OK, Truth Phi has. 562 00:33:00,360 --> 00:33:03,000 A yeah, I mean it, it doesn't need it, but if it was going to 563 00:33:03,000 --> 00:33:06,080 have one, it it's like better than Melania having one, right? 564 00:33:06,080 --> 00:33:07,560 At least in my opinion. So. 565 00:33:08,320 --> 00:33:12,040 Quick side, do you remember the coin it, coin it coin everything 566 00:33:13,280 --> 00:33:16,720 that meta? That from Jesse and from like 567 00:33:16,720 --> 00:33:19,560 last week. Yes, it's and and how quickly 568 00:33:19,560 --> 00:33:22,920 that is just evaporated. We went from coining everything 569 00:33:24,280 --> 00:33:28,280 and it being all over the timeline to to 0 talk of it. 570 00:33:29,280 --> 00:33:32,240 I haven't heard a mention of it. I haven't heard the phrase. 571 00:33:32,240 --> 00:33:36,560 I haven't seen the phrase since that Zora tge, which makes me 572 00:33:36,560 --> 00:33:40,480 again question the the motives behind all that. 573 00:33:42,440 --> 00:33:43,680 I don't know. I just had to get that out. 574 00:33:43,680 --> 00:33:46,920 That was on that was top of mind for me. 575 00:33:46,920 --> 00:33:51,280 And it is somewhat relevant because man, the hot thing to do 576 00:33:51,600 --> 00:33:57,080 in this market is to create token launchpad. 577 00:33:57,600 --> 00:33:59,360 And we've got another one coming folks. 578 00:33:59,600 --> 00:34:03,160 And you might want to pay attention to this one because it 579 00:34:03,160 --> 00:34:06,400 is coming along with an AirDrop. So Ding a Ling folks may know 580 00:34:06,400 --> 00:34:09,520 him. NFT whale just brought our 581 00:34:09,520 --> 00:34:13,679 crypto whale seemingly has infinite pockets. 582 00:34:14,800 --> 00:34:20,040 Announced Boop dot Fung, a new token launchpad for meme coins. 583 00:34:20,760 --> 00:34:23,760 The vision is to align traders, creators and holders. 584 00:34:24,600 --> 00:34:27,159 The kicker is they are starting with an AirDrop. 585 00:34:27,760 --> 00:34:29,960 So no promises of an AirDrop to come. 586 00:34:30,360 --> 00:34:32,120 They're going to kick start with that. 587 00:34:33,679 --> 00:34:36,440 If I remember correctly, Dingling was tied in with looks 588 00:34:36,440 --> 00:34:41,480 rare EMT platform. Did you just see the I'm sorry 589 00:34:41,480 --> 00:34:44,280 to the directive on the coin market cap board looks is in the 590 00:34:44,280 --> 00:34:46,520 top five tokens. I meant to mention that earlier 591 00:34:46,520 --> 00:34:48,679 off actually offline, but yes, he was. 592 00:34:48,920 --> 00:34:54,800 I believe he was tied in some way to looks and Yolo dot fun as 593 00:34:54,800 --> 00:34:55,280 well. Looks is. 594 00:34:55,560 --> 00:34:58,800 Up 12. Like why the hell would this be 595 00:34:58,800 --> 00:35:01,680 moving up? I bet it's it's probably 596 00:35:01,680 --> 00:35:04,680 speculation about boop or something that would not 597 00:35:04,680 --> 00:35:07,600 surprise me. But part of of why I brought the 598 00:35:07,600 --> 00:35:10,760 look swear up comparison that in a team marketplace. 599 00:35:11,520 --> 00:35:13,760 Are those things still going? I actually haven't looked. 600 00:35:13,760 --> 00:35:16,720 Is the Yolo thing I guess blast kind of. 601 00:35:17,480 --> 00:35:21,560 It was on blast, right? The oh the Yolo. 602 00:35:22,360 --> 00:35:24,280 Yeah, that was a thing. That was a thing for a while, 603 00:35:24,280 --> 00:35:26,080 right? It was. 604 00:35:26,920 --> 00:35:29,520 I never really used it. As far as I know, all the 605 00:35:29,520 --> 00:35:36,560 products on Blast are gone. I can't find it on I can't find 606 00:35:36,560 --> 00:35:40,120 it on Twitter, which seems oh, here it is. 607 00:35:40,120 --> 00:35:46,320 Yolo under score blast. No tweets since March 18th I 608 00:35:47,320 --> 00:35:49,160 don't think. Do they have a link to the 609 00:35:49,360 --> 00:35:55,360 website Yolo Blast? Yolo games dot IO OK, I don't 610 00:35:55,360 --> 00:35:57,240 know. It says built on blast. 611 00:35:57,240 --> 00:35:58,960 I I don't know if it's still going or not. 612 00:35:59,640 --> 00:36:03,080 It's still going, but yeah, it's not. 613 00:36:04,240 --> 00:36:08,120 OK. The last bet was a while ago. 614 00:36:10,680 --> 00:36:12,480 Don't think it's. Still not not a huge surprise. 615 00:36:12,480 --> 00:36:16,400 I mean, I think user activity on blast is kind of gone to zero. 616 00:36:18,280 --> 00:36:21,320 I'm a bit surprised at the velocity of new token launch 617 00:36:21,320 --> 00:36:24,560 pads we are seeing. I was even in like the NFT 618 00:36:24,560 --> 00:36:27,000 craze. We got like 5 but we didn't get 619 00:36:27,000 --> 00:36:30,520 like 20. But it feels like these token 620 00:36:30,520 --> 00:36:33,920 launch pads are starting to really come out by the handfuls. 621 00:36:34,440 --> 00:36:37,800 What we haven't had is a nice AirDrop though, So and I think 622 00:36:37,800 --> 00:36:39,920 Dingling is well connected. He's well connected in trader 623 00:36:39,920 --> 00:36:41,240 circles. If they have a nice little 624 00:36:41,240 --> 00:36:45,680 AirDrop, I think they might be able to to grab some users at at 625 00:36:45,680 --> 00:36:52,280 least on a on a near term basis. And I mean, looks rare. 626 00:36:52,280 --> 00:36:55,320 It didn't really steal market share from an empty marketplace 627 00:36:55,320 --> 00:36:56,960 perspective, but they had a hell of an AirDrop. 628 00:36:58,320 --> 00:37:01,920 So it's going to be 1 to at least pay attention to if you 629 00:37:01,920 --> 00:37:04,680 are in the trenches. And we're seeing it with the 630 00:37:04,680 --> 00:37:10,160 success that these rewards programs can have with what 631 00:37:10,160 --> 00:37:12,360 Radium has done with Launch Labs. 632 00:37:12,360 --> 00:37:14,360 So if you haven't seen this, they're, they're giving out 633 00:37:15,200 --> 00:37:17,560 50,000 rate tokens per day. That's over. 634 00:37:17,560 --> 00:37:21,280 I think that's close to $150,000 for the, for the people who are, 635 00:37:21,760 --> 00:37:24,040 are trading those Launch Lab tokens. 636 00:37:24,920 --> 00:37:28,520 And I mean, it's working. Take a look at their, their 637 00:37:28,520 --> 00:37:30,640 volumes. They're, they crossed $100 638 00:37:30,640 --> 00:37:35,800 million in cumulative volume on their, their platform yesterday. 639 00:37:35,840 --> 00:37:39,280 I mean, I think you can raise the question of is, is this how 640 00:37:39,280 --> 00:37:43,200 long can the music keep going and is it going to stop once the 641 00:37:43,200 --> 00:37:46,840 rewards are done? It's difficult to say, right? 642 00:37:46,840 --> 00:37:49,400 This feels so similar to NFTS, right? 643 00:37:49,640 --> 00:37:52,160 Open T had a full cycle really where it just dominated. 644 00:37:52,160 --> 00:37:54,560 There was a few people that came in and it's still just 645 00:37:54,560 --> 00:37:56,600 dominated. And then by the second cycle, 646 00:37:57,960 --> 00:37:59,960 enough people kind of came and decided, look, we're going to do 647 00:37:59,960 --> 00:38:04,200 some of another version of this. I think Radium people like a lot 648 00:38:04,200 --> 00:38:07,600 more than pump fun. You know, it's it's yeah, it has 649 00:38:07,600 --> 00:38:11,240 some ties like FTX back in the day. 650 00:38:11,240 --> 00:38:12,800 But in general people like the token. 651 00:38:13,200 --> 00:38:17,520 It's got a buy back of the token based on fees now can create a 652 00:38:17,520 --> 00:38:20,640 launchpad which potentially people can share on the upside 653 00:38:20,640 --> 00:38:25,240 of pump fun. Obviously range of different 654 00:38:25,240 --> 00:38:30,640 things that people don't like about it, but I think the the 655 00:38:30,760 --> 00:38:34,040 live streaming stuff and this the general community vibes just 656 00:38:34,040 --> 00:38:37,240 haven't been great for a while. So I think it's kind of right 657 00:38:37,240 --> 00:38:39,160 for someone to come in and try and do something and, and 658 00:38:39,840 --> 00:38:43,280 there's just so much money still being made by Pump Fun that it 659 00:38:43,280 --> 00:38:47,080 kind of makes sense that it would get split out, you know? 660 00:38:47,920 --> 00:38:49,960 Yeah, it's a very common story. Yeah. 661 00:38:50,920 --> 00:38:52,960 Wild amounts of money. Let me see if I can. 662 00:38:53,520 --> 00:38:55,480 I've got the dashboard here. Give me a second, folks. 663 00:38:55,520 --> 00:38:59,480 Let's let's let's check in block works has a great dashboard for 664 00:38:59,480 --> 00:39:04,440 this and shout out to them mean coin activity, pump fund token 665 00:39:04,440 --> 00:39:09,520 volume. Oh, revenue here we are April 666 00:39:09,520 --> 00:39:17,280 29th, $1.7 million in revenue. I don't know if that even I'm 667 00:39:17,280 --> 00:39:19,080 not sure if that's even including pump swap. 668 00:39:19,080 --> 00:39:22,120 I'll have to take a look. But yeah, so they're still doing 669 00:39:22,120 --> 00:39:26,880 $2,000,000 a day. I think they bottoms in March 670 00:39:27,080 --> 00:39:29,960 closer to $1,000,000 a day. Now they're doing $2,000,000 a 671 00:39:29,960 --> 00:39:35,440 day again, so down from peak. But I mean, still, let's take a 672 00:39:35,440 --> 00:39:37,440 look at the monthly view, weekly view here. 673 00:39:38,880 --> 00:39:42,960 I mean, still well above the where where we were last August 674 00:39:42,960 --> 00:39:47,960 and September. So they're still showing real 675 00:39:47,960 --> 00:39:49,840 signs of strength. And I think other people clearly 676 00:39:49,840 --> 00:39:53,920 see that as you mentioned and want their own piece of the pie. 677 00:39:55,120 --> 00:39:57,720 What I'm curious about is the trenches have been electric. 678 00:39:59,080 --> 00:40:04,240 If if you have been in there and trading, I think you've had a 679 00:40:04,240 --> 00:40:07,440 good time this past week and and maybe today was the local top. 680 00:40:08,200 --> 00:40:11,720 I think we see we saw a lot of the the current leading trench 681 00:40:11,720 --> 00:40:13,840 coins kind of sell off this morning. 682 00:40:14,320 --> 00:40:17,240 I am curious how much of that is perhaps driven by these daily 683 00:40:17,240 --> 00:40:20,240 radium rewards is, is that causing a little bit more 684 00:40:20,240 --> 00:40:23,520 artificial action in the market? Maybe so. 685 00:40:24,320 --> 00:40:25,720 I don't know. I don't think the coins that 686 00:40:25,720 --> 00:40:28,400 have been winning are necessarily launch lab tokens 687 00:40:28,400 --> 00:40:31,120 though. So to to go through some of 688 00:40:31,120 --> 00:40:34,000 these headlines, Housecoin hit 110 million this morning. 689 00:40:35,560 --> 00:40:40,600 This thing was trading at 10 million on April 6 days ago 10. 690 00:40:40,600 --> 00:40:41,760 X This. Week. 691 00:40:42,360 --> 00:40:46,440 I forgot that the RFC will. Be so divisive for a long time 692 00:40:46,440 --> 00:40:51,800 than this really, really divisive right I think mainly 693 00:40:51,800 --> 00:40:54,760 because it's like tied to some of the bigger care wells in the 694 00:40:54,760 --> 00:40:59,720 space and it smells like free supply and all this sort of 695 00:40:59,720 --> 00:41:03,800 stuff and it's got this kind of like narrative which is normally 696 00:41:03,800 --> 00:41:06,880 friendly but maybe not like super crypto friendly. 697 00:41:08,000 --> 00:41:09,960 You know, it doesn't feel like our one of our native memes. 698 00:41:09,960 --> 00:41:13,560 It just kind of feels like something that may boomers may 699 00:41:13,560 --> 00:41:17,560 talk about, you know, and that's a bit more divisive. 700 00:41:17,560 --> 00:41:20,720 But what's your view here on this one? 701 00:41:20,720 --> 00:41:23,880 Because we said yesterday this may be the coin to own if 702 00:41:23,880 --> 00:41:26,280 Bitcoin keeps on going, because it's a new meme and you know, 703 00:41:26,280 --> 00:41:30,760 you go to like two 5300. But then the hierarchical is the 704 00:41:30,760 --> 00:41:34,200 more hate I just see for it. It's very different to like far 705 00:41:34,200 --> 00:41:37,720 coin. Which can be good. 706 00:41:37,720 --> 00:41:40,440 I mean, I think in general, let's put far coin out of size. 707 00:41:40,440 --> 00:41:46,600 It's kind of a a Unicorn. You don't want a consensus play 708 00:41:46,600 --> 00:41:49,280 like you. You want the the 5050 split 709 00:41:50,360 --> 00:41:53,000 because that drives attention and it continues to give you 710 00:41:53,000 --> 00:41:55,360 marginal buyers and people who will capitulate it. 711 00:41:57,040 --> 00:41:59,560 I was early to this one. I, I thought we talked about on 712 00:41:59,560 --> 00:42:01,480 the show. I have to go back through some 713 00:42:01,480 --> 00:42:04,600 of the transcripts. I just goes, I got in under 10 714 00:42:04,600 --> 00:42:07,400 million on this. Had a nice position. 715 00:42:07,400 --> 00:42:09,800 I thought that the narrative of we're going to flip the housing 716 00:42:09,800 --> 00:42:13,440 market was a good one. I saw the, the zoomers rallying 717 00:42:13,440 --> 00:42:16,560 around this and pointing to the housing markets, not for them. 718 00:42:16,880 --> 00:42:18,800 We don't want to buy boomers 10X. 719 00:42:20,040 --> 00:42:23,640 So it's, it's a little bit of a rebellion play against that. 720 00:42:23,840 --> 00:42:26,600 And I saw the the some early personalities form around it, 721 00:42:26,600 --> 00:42:29,280 like Lexapro, and I really saw them commit to it. 722 00:42:29,280 --> 00:42:33,360 I think you need one or two people like that in this current 723 00:42:33,360 --> 00:42:35,360 market to, to really drive, I mean, forward. 724 00:42:35,360 --> 00:42:38,480 And then when I saw the boots on the ground posters on the wall 725 00:42:38,480 --> 00:42:42,480 in Lai was like, OK, they they've got a force behind this. 726 00:42:42,480 --> 00:42:47,240 And I think there's some upside. Now is where it gets interesting 727 00:42:47,240 --> 00:42:49,520 at A at 100 million, I think we're going to start to test 728 00:42:49,520 --> 00:42:54,080 where this market can go. I saw a take that 1/3 the market 729 00:42:54,080 --> 00:42:56,680 cap of fart coin is could be the ceiling of this. 730 00:42:57,520 --> 00:43:00,960 That's a reasonable take for me. Like I think if it got to 300 731 00:43:00,960 --> 00:43:05,120 million personally, I I might clip the whole thing out. 732 00:43:07,240 --> 00:43:10,680 Like is this a multi billion dollar meme that's going to take 733 00:43:10,680 --> 00:43:12,800 some serious time to to get there? 734 00:43:14,120 --> 00:43:16,080 Yeah, I struggle with this one a little bit. 735 00:43:16,800 --> 00:43:19,560 You were super early, Tyler. I think you might have been 5 736 00:43:19,560 --> 00:43:23,240 million right or something when this first surfaced. 737 00:43:25,440 --> 00:43:29,560 So kudos to you. I, I like these narrative plays 738 00:43:29,560 --> 00:43:34,040 this sort of like we're going to flip this thing like SPX 6900. 739 00:43:34,040 --> 00:43:37,160 Like I actually get that as a play, right? 740 00:43:37,160 --> 00:43:38,640 Like we're going to flip the S&P. 741 00:43:38,640 --> 00:43:42,000 That, that makes sense to me. I'm, I'm OK with that as a, as a 742 00:43:42,000 --> 00:43:44,360 token, This one felt a little more force to me. 743 00:43:44,880 --> 00:43:46,760 And I think that's one of the reasons that I could never 744 00:43:46,760 --> 00:43:49,120 really get behind it. Like one house equals one house 745 00:43:49,120 --> 00:43:51,360 coin. Like, come on, you know what I 746 00:43:51,360 --> 00:43:54,520 mean? But I, I, I do agree though, 747 00:43:54,520 --> 00:43:57,720 like you need some people that are the Champions of it. 748 00:43:58,560 --> 00:44:01,040 You, you need that, you need people that are committed to it. 749 00:44:01,040 --> 00:44:04,120 It's just going to keep pounding in on the timeline, as 750 00:44:04,120 --> 00:44:09,120 nonsensical as it as it is. And so I'm, I'm good with that. 751 00:44:09,120 --> 00:44:11,240 It just felt a little too forced. 752 00:44:11,240 --> 00:44:14,440 And then I kept doing this, the thing where like we haven't seen 753 00:44:14,440 --> 00:44:18,040 a runner in forever and it kept feeling like a top for me. 754 00:44:18,120 --> 00:44:21,400 Like, OK, I can't buy 10 million because I saw it at 5 million. 755 00:44:21,400 --> 00:44:23,840 Like this is ridiculous. And then it was, I can't buy it 756 00:44:23,840 --> 00:44:25,720 at 20 million because I saw it at 10 million. 757 00:44:25,720 --> 00:44:27,960 You know, I suck at buying stuff on the way up. 758 00:44:27,960 --> 00:44:31,320 That's just a, a personal issue. That's that's why I'm still, I'm 759 00:44:31,320 --> 00:44:34,080 still sidelined and I don't, I don't think I can pull the 760 00:44:34,080 --> 00:44:37,920 trigger at 100 million. Yeah, it's a little tricky. 761 00:44:38,280 --> 00:44:40,160 I bought some, but it wasn't because of Utila. 762 00:44:40,160 --> 00:44:42,000 It was because we did the right radio here with Coop. 763 00:44:42,040 --> 00:44:45,080 You're in too many coins for me to go into the coins that you're 764 00:44:45,080 --> 00:44:47,360 in, whereas coop doesn't get into that many. 765 00:44:47,360 --> 00:44:49,360 So when he said, tell me that's the coin, I was like, OK, I'll, 766 00:44:49,360 --> 00:44:53,880 I'll buy some, which is just good timing because it, that was 767 00:44:53,880 --> 00:44:56,320 on the Wednesday and then it I think handsome started mega 768 00:44:56,320 --> 00:44:58,120 shilling it on the on the Friday, right. 769 00:44:58,560 --> 00:45:03,200 That's how it works, yeah. I still have it, but it's not a 770 00:45:03,200 --> 00:45:07,160 big position. It's just like I bought some but 771 00:45:07,160 --> 00:45:08,960 it's a bigger position now obviously but. 772 00:45:09,720 --> 00:45:11,840 I mean, pardon the narrative here, we talked about this 773 00:45:12,000 --> 00:45:15,880 yesterday is like, is this like one of the new memes from this 774 00:45:15,880 --> 00:45:19,520 new meme cycle, right? And can it be like one of the 775 00:45:19,520 --> 00:45:23,120 defining ones? It's like if it becomes that, 776 00:45:23,120 --> 00:45:26,360 that's that's the narrative that could drive it 100% much higher. 777 00:45:28,240 --> 00:45:30,280 I think you want to own those. Like there are certain ones 778 00:45:30,280 --> 00:45:35,240 which obviously are like multi cycle memes, but it's very clear 779 00:45:35,240 --> 00:45:37,640 to me that the memes that will pump the hardest are normally 780 00:45:37,680 --> 00:45:40,200 memes like this, right? Like it's like some new thing 781 00:45:40,200 --> 00:45:43,400 and everyone's always in profit. So they, they make it their 782 00:45:43,400 --> 00:45:48,000 personality and you know, it's, it will be something like this. 783 00:45:48,040 --> 00:45:49,960 I don't it's really just you think this is the time when 784 00:45:49,960 --> 00:45:52,840 Bitcoin's going to go to 210 K because Bitcoin now just ranges 785 00:45:53,520 --> 00:45:56,720 until June. There's a lot of hate for this 786 00:45:56,720 --> 00:45:58,560 thing. I don't know if it'll it'll die 787 00:45:58,560 --> 00:46:00,440 in that in that time period right. 788 00:46:02,480 --> 00:46:05,440 But like the week that Bitcoin goes to all time high yet 789 00:46:05,440 --> 00:46:09,080 whatever is the runner that week I mean what happened with peanut 790 00:46:09,080 --> 00:46:11,000 dude? It went to 2 billion because 791 00:46:11,000 --> 00:46:15,640 bitcoins are rallying that week. Like whatever the coin is that 792 00:46:15,640 --> 00:46:17,960 week, that's the coin you want to own because. 793 00:46:18,880 --> 00:46:24,120 Pups Pups went to 900 million. Yeah, but but peanut was new. 794 00:46:24,120 --> 00:46:27,000 Do you know what I mean? But it's the new coin that week 795 00:46:27,000 --> 00:46:30,600 that has the narrative house coin feels like that right now. 796 00:46:30,600 --> 00:46:35,000 But like if we like, if we range till June, I I kind of sit on 797 00:46:35,000 --> 00:46:37,400 the on the view of the enough people hate it. 798 00:46:37,520 --> 00:46:42,960 And the meme is maybe like it's OK, but it like it's only OK if 799 00:46:42,960 --> 00:46:46,800 boomers pick up on it. And I don't know if I have yet. 800 00:46:46,840 --> 00:46:50,040 So that's what we really saw with far coin, right? 801 00:46:50,040 --> 00:46:53,160 Like that's when I started buying far coin back and I was 802 00:46:53,160 --> 00:46:56,520 later than you again, Tyler, but like I start buying AT2250 back 803 00:46:56,520 --> 00:47:00,520 at back then because suddenly it was being it was on StockTwits 804 00:47:00,520 --> 00:47:02,360 and you're like, OK, well, this can be a thing. 805 00:47:04,520 --> 00:47:07,320 The one other nice thing about this is it seems to be sort of 806 00:47:07,320 --> 00:47:10,440 like it is the new one, but it's also sort of like the meta 807 00:47:10,440 --> 00:47:13,200 leader right now, right? It's spawned a bunch of beta 808 00:47:13,200 --> 00:47:17,480 coins, or at least I, I am perceiving them as beta coins. 809 00:47:18,680 --> 00:47:21,080 And that is typically like a little bit of signal that, hey, 810 00:47:21,080 --> 00:47:23,720 this is, this is a, a winner, right? 811 00:47:24,960 --> 00:47:27,280 Which, which could help further propel things. 812 00:47:28,120 --> 00:47:31,720 It's tough to go too far down. You know, you can get A2 or 5X 813 00:47:31,720 --> 00:47:34,560 maybe out of a beta, but you typically just want to own the 814 00:47:34,560 --> 00:47:36,720 alpha coin from these little meta pockets. 815 00:47:36,720 --> 00:47:39,040 And I, I would say Housecoin is that at this point. 816 00:47:40,320 --> 00:47:44,080 There's a question is this new token land house beta 817 00:47:44,080 --> 00:47:45,320 disclosure? I I am in this. 818 00:47:45,320 --> 00:47:49,160 I got in this one yesterday. Has to be, doesn't it? 819 00:47:49,160 --> 00:47:51,040 I mean. In something else. 820 00:47:54,560 --> 00:47:56,160 I was telling since before the show. 821 00:47:56,160 --> 00:47:59,800 I think I've gotten in like 8 new meme plays this week. 822 00:48:00,360 --> 00:48:02,160 What was the other one? You were in 5-6. 823 00:48:02,320 --> 00:48:03,480 I'll go through the list here in a second. 824 00:48:03,880 --> 00:48:07,960 I've hit like immediate 2 to 3 XS on several of them, so land 825 00:48:08,800 --> 00:48:11,920 closed. An easy 3X free roll in the bag 826 00:48:12,040 --> 00:48:14,760 on that one. Neat. 827 00:48:16,040 --> 00:48:18,840 When I went to school on Monday's show, I gave the full 828 00:48:18,840 --> 00:48:21,920 pitch for Neat. I got in around two and a half 829 00:48:21,920 --> 00:48:24,960 million on this one. I think this one's a strong one. 830 00:48:25,120 --> 00:48:28,040 A strong one to watch. Education or training? 831 00:48:28,920 --> 00:48:33,760 Yeah, it's this whole idea that this, the new that Zoomers, this 832 00:48:33,760 --> 00:48:36,560 new group of kids who are going to be graduating from college 833 00:48:36,560 --> 00:48:39,400 with AI taking over, they're going to be in this, they're 834 00:48:39,480 --> 00:48:41,560 going to be Neats. They're going to be not 835 00:48:41,960 --> 00:48:47,120 employed, not education, not in training, and like, what the 836 00:48:47,120 --> 00:48:49,600 hell are they going to do? I like this one too. 837 00:48:50,000 --> 00:48:54,920 I, I don't own any, but I'm, I've been pretty hands off while 838 00:48:54,920 --> 00:48:58,000 I've been here in Peru, which has really been bad in the last 839 00:48:58,000 --> 00:49:00,760 week. Being in chats with Tyler and 840 00:49:02,160 --> 00:49:05,160 happy for you Tyler. You've been dominating but feels 841 00:49:05,160 --> 00:49:06,880 a little sad not participating as much. 842 00:49:08,440 --> 00:49:10,280 This was a bad week to miss. I think everyone who flew to 843 00:49:10,280 --> 00:49:16,120 Dubai missed a big week as well. I hope there's more upside there 844 00:49:16,120 --> 00:49:18,280 for them. This is like this one hit 10 845 00:49:18,280 --> 00:49:19,600 million. It hasn't really had any pull 846 00:49:19,600 --> 00:49:20,960 backs. So I think this is one of you 847 00:49:20,960 --> 00:49:25,080 got to wait. Like we usually have the 40 to 848 00:49:25,080 --> 00:49:29,080 70% retraction that really tests the holder base. 849 00:49:29,320 --> 00:49:33,920 This one hasn't had it yet. So so be careful, but a few 850 00:49:33,920 --> 00:49:35,840 others made I'll keep rattling through that. 851 00:49:35,840 --> 00:49:38,400 The list. What else are we going to talk 852 00:49:38,400 --> 00:49:40,160 about in the last five minutes of the show? 853 00:49:41,640 --> 00:49:43,440 I did enter troll. I'm not up on that one. 854 00:49:43,440 --> 00:49:45,480 I'm pretty much even. I think that's an interesting 1. 855 00:49:45,480 --> 00:49:50,200 I don't feel I don't have the confidence in that, but I I get 856 00:49:50,200 --> 00:49:52,520 that it's an OG meme. It's in the it's the type of 857 00:49:52,520 --> 00:49:56,240 meme that could have some decent performance. 858 00:49:57,360 --> 00:50:02,240 Bongo, an old bonk. I mean apparently has gone super 859 00:50:02,240 --> 00:50:05,920 viral on steam. It has somewhat revived the 860 00:50:05,920 --> 00:50:08,080 meme, though It looks like it's it's chopping here. 861 00:50:08,560 --> 00:50:11,600 I wouldn't say this is an extremely high confidence play. 862 00:50:12,400 --> 00:50:15,240 And then I got in on the Pasternak token. 863 00:50:16,600 --> 00:50:19,840 Andy 8O52 helps kind of tip me off of this one. 864 00:50:19,840 --> 00:50:21,920 He's been pretty loud on the timeline about this. 865 00:50:22,760 --> 00:50:25,640 This is the previously the the founder of clout. 866 00:50:25,640 --> 00:50:30,080 He has his own token on clout that ran and now he's rebranded 867 00:50:30,080 --> 00:50:33,400 it as a part of the believe app and their their launchpad. 868 00:50:33,720 --> 00:50:37,520 This is the token now. It got updated on Vector before 869 00:50:37,520 --> 00:50:39,960 it got updated on decks. So a lot of people didn't know 870 00:50:39,960 --> 00:50:42,480 that. And then this thing just went 871 00:50:42,480 --> 00:50:46,000 from 5 to 15,000,000 in the last day. 872 00:50:47,320 --> 00:50:49,480 And even at 15,000,000. Like if you think that the the 873 00:50:49,480 --> 00:50:52,160 token launchpad is going to have some success, I think we did 874 00:50:52,160 --> 00:50:55,000 $100 million in volume in the first day. 875 00:50:55,000 --> 00:50:59,840 I think Ben said perhaps some more upside on that one. 876 00:50:59,840 --> 00:51:02,880 So that that's my book. I'll continue to walk to, to 877 00:51:02,880 --> 00:51:05,760 walk our listeners through, through the book here on a daily 878 00:51:05,760 --> 00:51:08,600 basis. I'm sure you, you all are, you 879 00:51:08,600 --> 00:51:11,960 know, chomping at the bit to know what I'm getting into. 880 00:51:11,960 --> 00:51:14,800 But in summary, the memes have been hot. 881 00:51:15,320 --> 00:51:17,800 I am curious, like how sitting 100 million, is that a local 882 00:51:17,800 --> 00:51:19,880 topside? I think a lot depends on what 883 00:51:19,880 --> 00:51:23,160 bitcoins going to do from here. Are we going to come back after 884 00:51:23,160 --> 00:51:27,000 just a quick dip? Are we going to start kind of 885 00:51:27,000 --> 00:51:30,120 grinding back down to like 88 if Bitcoin goes down to 88? 886 00:51:30,120 --> 00:51:32,000 Probably cools things off, my gut read.