1 00:00:00,640 --> 00:00:07,640 Good morning, good morning everyone GMGM and welcome to 2 00:00:07,640 --> 00:00:14,360 another episode of BOMO out today Tuesday is Friday or coin 3 00:00:14,360 --> 00:00:21,160 Friday, Friday, May 23rd .25. Folks, it it was shaping up to 4 00:00:21,160 --> 00:00:24,400 be a glorious morning wake up, Bitcoins humming along. 5 00:00:24,440 --> 00:00:27,920 All are soaring on the day. Our memes are green, and Trump 6 00:00:27,920 --> 00:00:30,480 wakes up on the wrong side of the bag and announces new 7 00:00:30,480 --> 00:00:34,560 tariffs on the EU. Markets tumble, but we're 8 00:00:34,560 --> 00:00:37,240 already rebounding. And the question is, are we in 9 00:00:37,240 --> 00:00:40,120 for a green weekend? We're going to break it all down 10 00:00:40,120 --> 00:00:44,440 on today's show. We've got Farouq and Mando back 11 00:00:44,440 --> 00:00:45,240 with us. Boys. 12 00:00:45,240 --> 00:00:47,840 GM how you doing? Good morning. 13 00:00:49,120 --> 00:00:51,520 How you guys happy? Happy Farquaid Friday. 14 00:00:51,600 --> 00:00:53,840 I'm fucking good, man. My bags are up a lot. 15 00:00:55,280 --> 00:00:58,720 Fantastic well wrestling he he was watching Rocky 3 last night 16 00:00:58,720 --> 00:01:00,560 and watching the far coin one second chart. 17 00:01:00,720 --> 00:01:04,040 I couldn't sleep like I was in bed at 10:30 PM and I slept at 18 00:01:04,040 --> 00:01:07,680 like 1 because I was watching Rocky 3, Rocky four, and the far 19 00:01:07,680 --> 00:01:11,360 coin chart. That's a fun day. 20 00:01:12,000 --> 00:01:14,680 That's a fun day. Yeah, I was led to all these 21 00:01:14,680 --> 00:01:17,080 side events and I was like, I'll just watch the far coin chart. 22 00:01:19,120 --> 00:01:20,840 Far coin suddenly feels strong, doesn't it? 23 00:01:21,800 --> 00:01:22,600 Suddenly. Suddenly. 24 00:01:23,920 --> 00:01:26,880 Well, I feel like it it, it would it, it didn't hasn't had 25 00:01:26,880 --> 00:01:29,680 like a outperformance period for a while. 26 00:01:29,680 --> 00:01:31,440 It's just kind of like kept. Up. 27 00:01:32,120 --> 00:01:34,280 And now it feels like it's the strongest meme out there 28 00:01:34,280 --> 00:01:36,680 suddenly. But would you guys agree? 29 00:01:36,840 --> 00:01:39,520 Like some other memes are moving much more than far coin. 30 00:01:39,520 --> 00:01:41,720 And then suddenly now it feels like, OK, well, this is the one 31 00:01:41,720 --> 00:01:43,840 to own. It's still $2.00. 32 00:01:44,360 --> 00:01:45,920 It's still getting outperformed, that's the thing. 33 00:01:46,040 --> 00:01:50,840 It's not even like Pepe and Bonk both moved more. $2.00 Yeah, so. 34 00:01:51,680 --> 00:01:56,120 There's room to go higher faster, and then maybe we'll get 35 00:01:56,120 --> 00:01:59,200 it today on Fartcoin Friday. Folks, we've got a big show in 36 00:01:59,200 --> 00:02:00,520 store for you. We're going to start with the 37 00:02:00,520 --> 00:02:03,040 market report. This quick Bitcoin dip, it's 38 00:02:03,040 --> 00:02:04,840 already gone. There's a lot of calls for all 39 00:02:04,840 --> 00:02:08,080 season on the timeline. Are they out of pocket or is it 40 00:02:08,080 --> 00:02:11,080 for real this time? I want to talk a bit about 41 00:02:11,080 --> 00:02:14,680 Solana's big week at Solana Accelerate that the hyper liquid 42 00:02:14,680 --> 00:02:18,800 FOMO is ratcheting up as it hits a new all time high. 43 00:02:18,800 --> 00:02:21,800 We've got major banks looking to enter the stable coin game. 44 00:02:21,800 --> 00:02:25,640 The CFTC teasing legal per futures, cracking on some 45 00:02:25,640 --> 00:02:28,160 tokenized stocks. Salaam, we talked about that 46 00:02:28,160 --> 00:02:30,360 yesterday. Longs coin continues to pivot. 3 47 00:02:30,360 --> 00:02:31,760 pivots yesterday. I think they might have set a 48 00:02:31,760 --> 00:02:35,400 new founder record for amount of notable pivots in a day. 49 00:02:35,560 --> 00:02:38,960 And ruins are green pups up? Pups are going up again, folks, 50 00:02:39,400 --> 00:02:41,560 after this latest crack integration. 51 00:02:41,800 --> 00:02:43,800 So we'll talk about all that and more. 52 00:02:43,800 --> 00:02:46,040 Before we dig in, we're going to give a shout out to our partner, 53 00:02:46,040 --> 00:02:47,520 Wallet Connect. Wallet Connect is the 54 00:02:47,520 --> 00:02:50,160 connectivity network shaping the future of on chain UX. 55 00:02:50,440 --> 00:02:53,160 If you've connected to a Web 3 app, you've seen Wallet Connect, 56 00:02:53,160 --> 00:02:56,840 that blue logo, it's everywhere. And I kind of trust in crypto as 57 00:02:56,840 --> 00:02:58,600 recognizable as Visa at the checkout. 58 00:02:58,600 --> 00:03:01,520 If you want to learn more, follow at Wallet Connect on X 59 00:03:01,520 --> 00:03:03,720 and Telegram to stay ahead of what's next. 60 00:03:03,920 --> 00:03:07,400 We love our partners as always, man, no. 61 00:03:07,720 --> 00:03:09,120 If you're ready, let's get into it. 62 00:03:09,920 --> 00:03:21,520 Let's get into. can you dig it? 63 00:03:23,200 --> 00:03:26,440 So volatile. I would say today we were all 64 00:03:26,440 --> 00:03:32,960 the way up just just north of 111 K and then it felt a little 65 00:03:32,960 --> 00:03:36,240 bit soggy in certain spots, let's say, although like fart 66 00:03:36,240 --> 00:03:41,960 coin was strong and a few other things like it was it was it was 67 00:03:41,960 --> 00:03:45,120 feeling as though maybe stuff it had like a mini top just before 68 00:03:45,120 --> 00:03:48,360 that news headline came out, funding had gone high on a 69 00:03:48,360 --> 00:03:52,200 number of different coins. And then Trump basically came 70 00:03:52,200 --> 00:03:56,840 out today and said EU is going to get going to get it. 71 00:03:57,120 --> 00:03:59,800 It's going to get 50 to 60% tariffs or something like that 72 00:04:00,680 --> 00:04:03,600 for I guess 60 if you include the existing 10. 73 00:04:04,480 --> 00:04:09,040 And you know, I did say that I think the EU would be a tough 74 00:04:09,080 --> 00:04:13,280 negotiator. I, you know, we've seen this 75 00:04:13,280 --> 00:04:17,440 play, but before, you know, feels like everyone wants to buy 76 00:04:17,440 --> 00:04:22,160 a tariff related dip. But on a broader macro level, 77 00:04:22,920 --> 00:04:26,360 there is a lot of like worry at the moment just because bond 78 00:04:26,360 --> 00:04:32,840 yields just keep going, particularly in Japan and that 79 00:04:33,120 --> 00:04:36,040 continues to like make people very fearful about some sort of 80 00:04:36,720 --> 00:04:38,960 major global blow up essentially. 81 00:04:39,880 --> 00:04:45,800 So maybe tariffs plus that was not going to be the greatest day 82 00:04:45,800 --> 00:04:50,400 for stocks, at least in terms of crypto. 83 00:04:50,400 --> 00:04:53,600 I thought we had a very strong day in terms of headlines again 84 00:04:53,600 --> 00:04:55,880 yesterday. We obviously have the 85 00:04:55,880 --> 00:04:57,800 tokenization headline out of Kraken, which I think was 86 00:04:57,800 --> 00:05:00,240 strong. You, you had a story out that 87 00:05:00,400 --> 00:05:04,840 major U.S. banks are going to be considering a stable coin, that 88 00:05:04,840 --> 00:05:08,080 this is to be vastly expected. I thought they'd all do separate 89 00:05:08,080 --> 00:05:12,720 ones, but they've, they've decided to potentially join 90 00:05:12,720 --> 00:05:16,120 together and you could tell that would get some sort of 91 00:05:16,120 --> 00:05:20,360 favourable treatment in the US if they did that. 92 00:05:21,080 --> 00:05:25,800 This would be tried by getting the crypto for sure through 93 00:05:25,800 --> 00:05:29,080 this, away from that. You had strategy said they're 94 00:05:29,080 --> 00:05:33,880 going to buy some more Bitcoin. You had the CFTC coming out and 95 00:05:33,880 --> 00:05:36,920 saying, we spoke about PIPE yesterday, but they, they came 96 00:05:36,920 --> 00:05:41,200 out and said, look, we we might get perps in the US soon, which 97 00:05:41,200 --> 00:05:43,080 was a good sign. I don't know if they'll be 98 00:05:43,080 --> 00:05:46,200 decentralized perps. They may be very regulated on 99 00:05:46,200 --> 00:05:50,360 centralized exchanges, which I think is maybe something to pay 100 00:05:50,360 --> 00:05:53,240 attention to. But it was a good sign, 101 00:05:53,400 --> 00:05:55,600 definitely a good sign to see. And and hyper liquid has been 102 00:05:55,600 --> 00:05:59,280 the best performer again out of L1's on the back of that as a 103 00:05:59,280 --> 00:06:01,840 headline hit an all time high of 37. 104 00:06:02,200 --> 00:06:08,560 So 37 billion definitely. I think flip Doge, I think I 105 00:06:08,560 --> 00:06:11,240 don't know if it's flipped, it's getting close to must must be 106 00:06:11,240 --> 00:06:14,920 getting close to Siri now in terms of market cap or is it 107 00:06:14,920 --> 00:06:19,560 overtaking Siri in terms of I guess you can't you can't see 108 00:06:19,560 --> 00:06:23,720 the the it's. Right there 30 Oh wow, been 1 109 00:06:23,720 --> 00:06:26,280 billion. Holy shit Hyperliquid is a top 110 00:06:26,280 --> 00:06:29,760 ten coin? Yeah, it's coming. 111 00:06:29,800 --> 00:06:32,960 Wow. So big, big move in hyper 112 00:06:32,960 --> 00:06:36,000 liquid, obviously still racking up a ton of fees at the moment 113 00:06:36,000 --> 00:06:38,360 and it's been a very popular trade I think throughout the 114 00:06:38,360 --> 00:06:41,320 timeline. Interestingly, I saw a headline 115 00:06:41,320 --> 00:06:46,720 today which is the Bitcoin long short ratio is at a three-year 116 00:06:46,720 --> 00:06:51,080 low lows from September 2022. What does that mean? 117 00:06:53,360 --> 00:06:57,360 Well, I think that tells you that could be indicated that 118 00:06:57,360 --> 00:07:00,000 like people aren't as long as you would expect them to be. 119 00:07:00,680 --> 00:07:01,400 Oh, but it is. That's good. 120 00:07:02,520 --> 00:07:06,720 But I think it would also tell you that there's a lot of basis 121 00:07:06,720 --> 00:07:09,040 trades, huge amount of basis trades because of that. 122 00:07:09,800 --> 00:07:11,320 So some people are like, oh, we're going to see a short 123 00:07:11,320 --> 00:07:13,120 squeeze. Like the market's not even long. 124 00:07:13,160 --> 00:07:16,400 I don't know if it's that, but it is really surprising to see 125 00:07:16,400 --> 00:07:20,160 Bitcoin at an all time high and the long short ratio to be at a 126 00:07:20,160 --> 00:07:26,400 three-year low. So that's I saw that and I was 127 00:07:26,400 --> 00:07:28,760 like, wow, we could have gotten a lot higher if that's the case. 128 00:07:29,120 --> 00:07:34,080 But then it's so much of this data is being is being affected 129 00:07:34,080 --> 00:07:37,520 by the by the basis trade. Like we had a massive influence 130 00:07:37,560 --> 00:07:45,040 at Bitcoin ETF yesterday, one of the biggest in months and it's 131 00:07:45,320 --> 00:07:49,520 you just don't know. It's like, I think a lot of that 132 00:07:49,520 --> 00:07:51,600 is the basis trade. So like the long short ratio is 133 00:07:51,600 --> 00:07:54,720 probably low because of that and people buying the buying the 134 00:07:54,720 --> 00:07:57,560 ETF. So it's really difficult to 135 00:07:57,560 --> 00:08:00,960 judge on these sort of things, but it's certainly not bearish. 136 00:08:00,960 --> 00:08:04,720 It's just how bullish is it really, I would say. 137 00:08:05,680 --> 00:08:07,480 So basically and. Explain that. 138 00:08:07,480 --> 00:08:11,240 So basically money is coming into the Bitcoin ETFs and spot 139 00:08:11,920 --> 00:08:15,120 and then you know, perps are a futures product. 140 00:08:15,120 --> 00:08:18,840 They're they're going short the same amount to like to capture 141 00:08:18,840 --> 00:08:22,600 the spread. Yeah, spread is one way to look 142 00:08:22,600 --> 00:08:26,000 at it or, or or capture the yield like to actually if you've 143 00:08:26,000 --> 00:08:29,440 ever gone long on futures, you might realize that like you have 144 00:08:29,440 --> 00:08:32,679 to pay some money every four hours and that money is paid 145 00:08:32,679 --> 00:08:34,280 from the longs normally to the shorts. 146 00:08:35,039 --> 00:08:38,679 And at certain times when the market, everyone, you know, 147 00:08:38,679 --> 00:08:40,720 thinks we're going to break an all time high, the, the amount 148 00:08:40,720 --> 00:08:44,680 of money you have to pay to be long, which James Wynn knows can 149 00:08:44,680 --> 00:08:48,320 be, can be pretty high. So what they do is they buy the 150 00:08:48,320 --> 00:08:51,760 spot Bitcoin ETF and they short the futures, which means they're 151 00:08:51,760 --> 00:08:53,360 getting paid, they're getting paid from James Wynn 152 00:08:53,360 --> 00:08:57,760 essentially. And they, they capture a risk 153 00:08:57,760 --> 00:09:04,120 free income stream there because they own the spot and whatever 154 00:09:04,120 --> 00:09:06,400 happens, they've basically got the same position, but they're 155 00:09:06,400 --> 00:09:08,560 just taking in a, an income stream. 156 00:09:08,560 --> 00:09:13,600 So it's popular, it's popular whenever it gets above like 5% 157 00:09:14,120 --> 00:09:18,320 and it and it you can now do it with ETH and with Bitcoin 158 00:09:18,320 --> 00:09:21,880 mainly. So that's why for the last, 159 00:09:22,080 --> 00:09:24,760 since the Bitcoin ETS became large, we haven't really seen 160 00:09:24,760 --> 00:09:29,000 funding rates spike at any time. They've remained relatively low 161 00:09:29,000 --> 00:09:31,280 because this money money comes in to do this trade. 162 00:09:32,480 --> 00:09:35,320 But what you do see is that whenever it feels a bit frothy, 163 00:09:35,320 --> 00:09:39,200 which it has done the last couple of weeks, let's say, and 164 00:09:39,280 --> 00:09:43,360 funding starts to go high, you actually see very big inflows 165 00:09:43,360 --> 00:09:46,200 into the Bitcoin ETF. And people might read that as, 166 00:09:46,240 --> 00:09:49,680 oh, everyone's going along the top, but actually people might 167 00:09:49,680 --> 00:09:51,960 be putting on, we would call them the delta neutral trade. 168 00:09:51,960 --> 00:09:54,680 It's like it's doesn't really mean anything what they're 169 00:09:54,680 --> 00:09:58,200 doing. That makes sense. 170 00:09:58,240 --> 00:10:01,200 And like I'm I'm one who loves to race to cheerlead and 171 00:10:01,200 --> 00:10:05,720 celebrate the ETF info numbers, but it feels more and more like 172 00:10:05,720 --> 00:10:08,720 it's is that basis training we should it would be nice if we 173 00:10:08,720 --> 00:10:11,920 had access to to exceed the specifics on that. 174 00:10:12,360 --> 00:10:14,840 But what is notable, it looks like we just lost Mando. 175 00:10:16,200 --> 00:10:21,320 What is undeniable is that like the bid was on U.S. market open. 176 00:10:22,960 --> 00:10:25,680 We should go into hyper liquid just just to give it like an 177 00:10:25,680 --> 00:10:27,760 example for people here a little bit. 178 00:10:28,560 --> 00:10:32,760 It might be useful because if if you're if you're really D Gen. 179 00:10:32,760 --> 00:10:33,920 you don't have to do this with Bitcoin. 180 00:10:33,920 --> 00:10:38,960 So if you go into hype or go on to yeah, hype's not a bad one, 181 00:10:39,200 --> 00:10:40,720 sort them by funding rate, maybe sort. 182 00:10:40,760 --> 00:10:42,440 Can you sort them by funding rate? 183 00:10:44,760 --> 00:10:46,720 On perps. On perps, yeah sort them by 184 00:10:46,720 --> 00:10:53,240 funding rate I bet I get I bet the other way yeah so far coin 185 00:10:53,240 --> 00:10:57,320 for example, if you hover over the 8 hour funding for far coin, 186 00:10:57,760 --> 00:10:59,280 it might tell you what that is annualized. 187 00:10:59,280 --> 00:11:06,200 Sometimes they do, but you could effectively go long far coin 188 00:11:06,200 --> 00:11:14,120 spot and short far coin futures here and earn nought point 189 00:11:14,120 --> 00:11:18,920 nought 8% every 8 hours. So what's that everyday? 190 00:11:19,120 --> 00:11:22,320 Let's say that's nought .25. Well This is why FAR coin is 191 00:11:22,320 --> 00:11:24,760 doing the most absurd perps volume. 192 00:11:25,040 --> 00:11:27,720 Have you seen the perps volume on far coin on on coin market 193 00:11:27,720 --> 00:11:30,280 cap? Right, so you can earn nought 194 00:11:30,280 --> 00:11:34,880 .25% a day doing that. That is an annualized yield of 195 00:11:35,000 --> 00:11:38,800 91% APR. It was much higher on an APY 196 00:11:38,800 --> 00:11:43,520 basis. So that is a risk free trade. 197 00:11:43,760 --> 00:11:45,840 Like Perot you own farcorn spot right now. 198 00:11:45,840 --> 00:11:47,800 You could just you could just sell off into the sunset and be 199 00:11:47,800 --> 00:11:50,840 like, look, I'm just going to short farcorn parts for the next 200 00:11:50,840 --> 00:11:57,440 month and if this goes on for another month, I will earn what 201 00:11:57,440 --> 00:12:00,280 is that a month? But to be fair, this works. 202 00:12:00,360 --> 00:12:02,840 This works mostly on the chopping period, no? 203 00:12:04,160 --> 00:12:07,560 This works mostly on a frothy period. 204 00:12:08,120 --> 00:12:10,080 Frothy. So this work, the market 205 00:12:10,080 --> 00:12:16,320 suddenly goes to all time highs and people are willing to just 206 00:12:16,320 --> 00:12:22,160 be long fartcoin perps at any, any sort of funding, you know, 207 00:12:22,160 --> 00:12:23,440 because they think it's going to go so much higher. 208 00:12:24,240 --> 00:12:27,240 So like I said, you could, you can actually just chill if you 209 00:12:27,240 --> 00:12:29,240 wanted to right now and just be like, look, I just want to earn 210 00:12:29,240 --> 00:12:32,160 10% a month now for the next month, assuming that. 211 00:12:32,200 --> 00:12:36,560 But but obviously this is dynamic far coin, far coin 212 00:12:36,600 --> 00:12:40,560 funding is not always that high and it may go all the way down 213 00:12:40,560 --> 00:12:43,560 for like at any at any one moment. 214 00:12:43,560 --> 00:12:47,720 But right now if that was to say as elevated for the rest for the 215 00:12:47,720 --> 00:12:50,640 rest of the year, then you would earn like 100% doing that. 216 00:12:50,640 --> 00:12:53,320 You'd like to earn your money, but that's why that's why far 217 00:12:53,320 --> 00:12:55,160 coins raise so much volume. Like if you look on core market 218 00:12:55,160 --> 00:13:00,920 cap, far coin perps on Binance have done 600,000,024 hours, 500 219 00:13:00,920 --> 00:13:04,400 million by bit 500 million. Some like all these little like 220 00:13:04,400 --> 00:13:06,360 scummy and weird exchanges as well. 221 00:13:06,640 --> 00:13:09,040 And then you have hyper liquid like it's doing like billions of 222 00:13:09,040 --> 00:13:12,960 dollars of perp volume. Yeah, that would be 24 hours. 223 00:13:13,400 --> 00:13:14,840 If you're giving up your outside. 224 00:13:15,080 --> 00:13:18,120 So if he did that and far coin ripped to $2.00 he would be 225 00:13:18,680 --> 00:13:21,240 missed that. Of course, but you could do a 226 00:13:21,240 --> 00:13:25,080 bit, you could hedge like 50% right now, right And be like, so 227 00:13:25,120 --> 00:13:28,960 instead of selling far coin, you you could just short far coin 228 00:13:28,960 --> 00:13:30,960 and actually that can be a better trade. 229 00:13:33,280 --> 00:13:37,200 Or don't realise. Don't realise capsule gains and 230 00:13:37,200 --> 00:13:39,600 you capture the funding. Well, this is what the market 231 00:13:39,600 --> 00:13:41,080 makers do, right? I speak to them all the time. 232 00:13:41,080 --> 00:13:43,880 Like this is like they all do that. 233 00:13:43,880 --> 00:13:46,120 Like I have a homie that does. Is that one of the top wallets 234 00:13:46,120 --> 00:13:48,080 on hyper liquid? Like we're talking like a 235 00:13:48,080 --> 00:13:50,680 ridiculous amount of like really, really, really, really 236 00:13:50,680 --> 00:13:52,600 ridiculous amount of volume, and that's all they do. 237 00:13:53,560 --> 00:13:56,400 Yeah. I mean it's, it's the things to 238 00:13:56,400 --> 00:13:59,160 manage it. So I said, you know, you're 239 00:13:59,160 --> 00:14:01,760 going to get 100%. Well, actually that depends on 240 00:14:01,760 --> 00:14:03,720 how much capital you put up, right. 241 00:14:04,320 --> 00:14:10,120 So like if you did like a 10X or 5X short, right, you're actually 242 00:14:10,120 --> 00:14:11,800 going to put up some capital to do that. 243 00:14:12,120 --> 00:14:16,280 So that eats into your return over both pools of capital. 244 00:14:16,520 --> 00:14:18,720 And then you have to worry about liquidation risk. 245 00:14:18,720 --> 00:14:23,280 So like if fartcoin got a spot listing at at finance tomorrow, 246 00:14:23,880 --> 00:14:26,440 like you're probably going to get liquidated. 247 00:14:26,440 --> 00:14:29,200 And then that's like that. That can be really bad because 248 00:14:29,480 --> 00:14:32,680 perms often have big Wicks. So it's something that you do 249 00:14:32,680 --> 00:14:36,360 have to like manage, but there are this is this is a very 250 00:14:36,360 --> 00:14:38,560 common trait. This is this is what Athena is 251 00:14:38,560 --> 00:14:41,840 doing on Bitcoin and and ETH. But you could do it on Falcon 252 00:14:41,840 --> 00:14:46,240 yourself right now. And you know, I don't think it's 253 00:14:46,280 --> 00:14:49,720 the the worst idea that if like Falcon hits $2.00 to like put on 254 00:14:49,720 --> 00:14:52,920 this trade, right? And then you can just chill for 255 00:14:52,920 --> 00:14:57,680 the summer far oak and not really have to worry about that 256 00:14:57,680 --> 00:14:58,280 much. So. 257 00:14:59,280 --> 00:15:02,960 Yeah, well, Falcon's going to $10 this summer and I won't have 258 00:15:02,960 --> 00:15:09,080 to worry about that either on a yacht in Ibiza, so you know you. 259 00:15:09,680 --> 00:15:13,800 Can give it upside my friend, to get safer play. 260 00:15:13,800 --> 00:15:16,080 I mean, one of the clear winners of what you're talking about is 261 00:15:16,080 --> 00:15:17,840 people who are running this strategy on chain. 262 00:15:18,400 --> 00:15:20,000 Yeah. They're doing a hyper. 263 00:15:20,680 --> 00:15:23,080 I wonder if James win like even that big you called him what? 264 00:15:23,080 --> 00:15:24,640 I was watching the clip of you guys big. 265 00:15:25,080 --> 00:15:27,320 Game, James. Big game James Oh my, that clip 266 00:15:27,320 --> 00:15:29,680 of you and Mando is so funny from yesterday. 267 00:15:29,680 --> 00:15:32,800 I, I would say I started laughing, but big game James, I 268 00:15:32,800 --> 00:15:35,800 was talking some obviously was topic conversations at at dinner 269 00:15:35,800 --> 00:15:37,920 here, right, because it's like the biggest position in crypto. 270 00:15:38,600 --> 00:15:40,520 And a lot of people are saying that he's just probably like 271 00:15:40,520 --> 00:15:42,640 hedging, like he's just doing this in public. 272 00:15:42,640 --> 00:15:46,080 But there's, you know, he's probably doing what Mando's 273 00:15:46,080 --> 00:15:51,480 saying somewhere else or not. I think he's just like the most 274 00:15:51,480 --> 00:15:53,360 degenerate human being we've ever seen. 275 00:15:54,840 --> 00:15:58,840 But you could just do this. You could do this on hyper 276 00:15:58,840 --> 00:16:00,720 liquid dish yourself right now because you can trade. 277 00:16:00,760 --> 00:16:02,800 A lot of people are doing it. Yeah, yeah, yeah. 278 00:16:03,720 --> 00:16:05,200 A lot of people do it with small size, too. 279 00:16:05,200 --> 00:16:09,440 Like I think Stats was talking about it at some point, right? 280 00:16:09,520 --> 00:16:12,200 Like, you don't need like a ton of money to do what Meadow's 281 00:16:12,200 --> 00:16:15,720 saying. It's great advertisement for 282 00:16:15,720 --> 00:16:17,600 Hyper Liquid. It's amazing. 283 00:16:17,600 --> 00:16:19,440 I mean, that's why it's top ten. I think this is. 284 00:16:19,440 --> 00:16:21,400 Insane Hyper Liquid's raking in the fees right now. 285 00:16:21,440 --> 00:16:23,520 I think I saw that they made three and a half million in the 286 00:16:23,520 --> 00:16:27,680 last 24 hours, which they're they're piling back in the 287 00:16:27,680 --> 00:16:34,200 buybacks of their token. Look at the TVLTVLS just 288 00:16:34,200 --> 00:16:37,240 soaring. Now it's up. 289 00:16:37,240 --> 00:16:44,960 What was it, 400 million on the April bottom, 350 million now 290 00:16:44,960 --> 00:16:47,200 what's up? I mean, it's basically up as 291 00:16:47,200 --> 00:16:52,200 much as the hype token is up. I mean, these charts mirror each 292 00:16:52,200 --> 00:16:58,200 other, but it it feels like it's different this time and what I 293 00:16:58,200 --> 00:16:58,840 mean. What a chart. 294 00:16:59,440 --> 00:17:03,240 FOMO was kicking in the group chats. 295 00:17:03,240 --> 00:17:07,160 People are trying to figure out how do we bridge the hype? 296 00:17:07,440 --> 00:17:10,839 What's the hyper EVM play? Should we buy these NMTS over 297 00:17:10,839 --> 00:17:12,760 there? Should we buy the hype means 298 00:17:13,599 --> 00:17:19,760 over there ahead of a potential hype EVM season, which is the 299 00:17:19,760 --> 00:17:23,359 next leg of this potential trade, right? 300 00:17:23,359 --> 00:17:30,280 So so far it's been making this run just based on its perps 301 00:17:30,280 --> 00:17:32,640 product and the fees they generate. 302 00:17:33,640 --> 00:17:36,480 And the EVN hype EVM has basically been a 0. 303 00:17:39,120 --> 00:17:43,200 That's a big unlock. I think that's got to be a part 304 00:17:43,200 --> 00:17:47,720 of the bull case. And I mean the the price action 305 00:17:47,720 --> 00:17:53,160 is enough marketing on its own up 4X now off the April 7th 306 00:17:53,160 --> 00:17:58,040 bottom, one of the single fastest horses in crypto right 307 00:17:58,040 --> 00:17:59,720 now. I think this this kind of leads 308 00:17:59,800 --> 00:18:05,000 back to one of our talking points today is all season for 309 00:18:05,000 --> 00:18:07,840 reals. This time growing chatter. 310 00:18:07,840 --> 00:18:09,400 It was it was it was widely mocked. 311 00:18:09,400 --> 00:18:12,000 It's been widely mocked for what feels like 2 years. 312 00:18:14,440 --> 00:18:17,760 We've got folks like blunts calling for it. 313 00:18:17,800 --> 00:18:20,040 I mean, I guess. I mean Mando's saying ETH 314 00:18:20,040 --> 00:18:22,720 running to 4K like that would be an alt season. 315 00:18:23,800 --> 00:18:26,160 Any kind of an ETH running would certainly be a part of that. 316 00:18:27,000 --> 00:18:29,280 I think we're all on board with the idea this could be, this 317 00:18:29,280 --> 00:18:33,600 could be a little bit of a of a move here, but I would just be 318 00:18:33,600 --> 00:18:36,520 wary of thinking it will last for that long. 319 00:18:37,160 --> 00:18:39,440 Like all seasons people are like, oh, everything's going to 320 00:18:39,440 --> 00:18:44,440 run to all time high everything. You know, I don't think that's 321 00:18:44,440 --> 00:18:46,920 going to happen. And I think we said yesterday, 4 322 00:18:46,920 --> 00:18:49,520 weeks is kind of how long they often last. 323 00:18:49,720 --> 00:18:54,120 So I think you could see that Bitcoin dominance is still at 324 00:18:54,120 --> 00:18:55,840 64%. So it's not like sitting there 325 00:18:55,840 --> 00:18:59,360 and like it's like unbelievable Aqua in season. 326 00:18:59,880 --> 00:19:02,400 But do I think that we could have strengthen notes for four 327 00:19:02,400 --> 00:19:03,760 weeks? Yeah, Yeah, for sure. 328 00:19:05,360 --> 00:19:06,880 This chart looks pretty damn strong. 329 00:19:06,880 --> 00:19:10,400 So I mean, you got to be a great like you got to be really 330 00:19:10,400 --> 00:19:13,120 thinking this is going to shift significantly to be like really 331 00:19:13,120 --> 00:19:15,520 pounding the table right now. I'm not talking about you, man. 332 00:19:15,520 --> 00:19:17,040 I'm just talking about others who are just like kind of 333 00:19:17,040 --> 00:19:19,400 screaming alt season now on the timeline. 334 00:19:19,400 --> 00:19:21,680 But for I feel like you're kind of positioned for alt season. 335 00:19:21,920 --> 00:19:23,880 Like what what have been yesterday, like Mando asked me 336 00:19:23,880 --> 00:19:26,480 about my book a little bit. I kind of went into it like 337 00:19:26,480 --> 00:19:27,920 what? What have you been? 338 00:19:30,680 --> 00:19:32,440 I have the best portfolio in crypto bro. 339 00:19:34,040 --> 00:19:39,200 Yeah, I have a lot of my liquid net worth in far coin, but 340 00:19:39,400 --> 00:19:41,480 that's been very public position for a while. 341 00:19:41,480 --> 00:19:44,160 I have not touched it actually. I've only bought more. 342 00:19:46,000 --> 00:19:48,040 So I'm not touching, I'm not selling and I'm not adding 343 00:19:48,040 --> 00:19:49,320 either. I'm just going to wait. 344 00:19:50,440 --> 00:19:52,520 I'm convinced we go to $5 at least. 345 00:19:52,520 --> 00:19:56,560 So I'll just wait for that. That's my OSF with trade, you 346 00:19:56,560 --> 00:20:00,040 know, I mean, it's going well so far. 347 00:20:00,720 --> 00:20:05,720 And then I moved a lot of my Sonic position, a lot of it. 348 00:20:06,840 --> 00:20:13,280 To Pepe and Mog a couple nights ago, so before this other leg 349 00:20:13,280 --> 00:20:15,760 up. So I'm eating on that as well 350 00:20:16,240 --> 00:20:19,840 because even on this downtrend, it held better than alts and I 351 00:20:19,840 --> 00:20:22,440 never touched my rec position. So I'm still top 25 holder of 352 00:20:22,440 --> 00:20:24,000 rect. So that's going very well for 353 00:20:24,000 --> 00:20:27,720 your boy. And that's it. 354 00:20:30,040 --> 00:20:32,760 Just. Quick shout Direct 120 million 355 00:20:32,760 --> 00:20:35,560 FTB. Yeah, it, it, it, it stopped at 356 00:20:35,560 --> 00:20:37,960 all time high yesterday. It literally stopped there. 357 00:20:37,960 --> 00:20:39,120 It was. It was brought to break the ETH 358 00:20:39,120 --> 00:20:44,200 at 1:25 and it stopped. And so, so that's it. 359 00:20:44,200 --> 00:20:48,800 I'm, I'm I my, my levered BTC soul is fart coin because I 360 00:20:48,800 --> 00:20:50,560 think fart coin is kind of like a leverage on like Bitcoin 361 00:20:50,560 --> 00:20:55,600 itself, which is crazy to say and and and Solana and then on 362 00:20:55,600 --> 00:20:58,480 Ethereum, Pepe Mog rect has proven to be the three winners 363 00:20:58,480 --> 00:21:01,720 and rect has been the leader. And then Pepe and Mog have 364 00:21:01,720 --> 00:21:03,520 similar setups. But I think Pepe is ready for 365 00:21:03,520 --> 00:21:05,440 big leg up. And I agree with Mando that 366 00:21:06,240 --> 00:21:09,080 Ethereum had quite a big run and I think it's that runs going to 367 00:21:09,080 --> 00:21:11,040 keep it's got to go back to 4K, right. 368 00:21:11,040 --> 00:21:13,960 So if it goes back to 4K, Pepe breaks all time high. 369 00:21:13,960 --> 00:21:17,000 Like Pepe to me is still like I think I've been saying it for 370 00:21:17,120 --> 00:21:19,400 since 2023. Like Mandoli and I, when we were 371 00:21:19,400 --> 00:21:21,760 early on Pepe, we've been saying this, but like, I generally 372 00:21:21,760 --> 00:21:25,480 think Pepe is a top 20 token and the cycle's not over. 373 00:21:25,480 --> 00:21:30,520 So my beliefs has it's changed. So think if I can write that, 374 00:21:30,560 --> 00:21:34,960 I'm happy with that. Yeah, yeah. 375 00:21:34,960 --> 00:21:36,080 And, and like a lot of them look good. 376 00:21:36,080 --> 00:21:37,760 Like Bonk and Pepe have the same setup. 377 00:21:37,840 --> 00:21:40,600 Like Pepe, Ethan Mogg has the exact same structure right now. 378 00:21:40,960 --> 00:21:42,720 Like the exact same. Like the charts are the same. 379 00:21:44,200 --> 00:21:46,280 Mog moves actually a little more than Pepe did the other day 380 00:21:46,280 --> 00:21:48,760 after I bought which was nice, but I don't. 381 00:21:48,840 --> 00:21:49,600 Know MOG? I like it here. 382 00:21:50,400 --> 00:21:52,440 I'm looking at MOG right now. Yeah. 383 00:21:53,600 --> 00:21:55,040 It's prime. It's going to make, it's going 384 00:21:55,040 --> 00:21:56,520 to make a rec move. I think rec. 385 00:21:56,520 --> 00:21:59,040 LED, that's the one that looks like it could move, right? 386 00:21:59,080 --> 00:21:59,440 Yeah. So. 387 00:22:00,000 --> 00:22:02,240 So it's high all time high was 4. 388 00:22:03,320 --> 00:22:06,080 So they all know the all time high for MOG is $1.5 billion. 389 00:22:06,080 --> 00:22:07,520 That was really the day of the rug house. 390 00:22:07,520 --> 00:22:10,680 Yeah, the party, Party. Yeah, at the party with Blondish 391 00:22:10,680 --> 00:22:14,720 DJ Pico Top. Yeah, the day after Coinbase and 392 00:22:14,720 --> 00:22:19,560 so to me, a coin with so much strength and look, you guys know 393 00:22:19,560 --> 00:22:22,560 how much I love mug this that's like my family right, and it's 394 00:22:22,560 --> 00:22:25,840 just like I just it's just so obvious to me. 395 00:22:25,840 --> 00:22:27,920 It's like rags. It's like so obvious. 396 00:22:27,920 --> 00:22:30,720 It's not like they left like K money is like are one of the 397 00:22:30,720 --> 00:22:34,920 greatest shillers of this fucking cycle undeniable. 398 00:22:35,320 --> 00:22:40,200 So you know, while rect is running with brankorn narrative, 399 00:22:40,200 --> 00:22:43,800 Mog is like the culture coin, the culture coin and Pepe is 400 00:22:43,800 --> 00:22:47,720 just the king of the cycle. There's no you know, Pepe is the 401 00:22:47,760 --> 00:22:52,840 undeniable king of the cycle. It it's such a nice clean set up 402 00:22:52,840 --> 00:22:56,520 on the ETH, like if you think ETH is going to move and the 403 00:22:56,520 --> 00:23:00,160 betas are going to move faster, it's like Pepe mog rect is just 404 00:23:00,160 --> 00:23:02,720 like so like they're standing out. 405 00:23:02,720 --> 00:23:05,240 But the other one I have to. But we got to give a shout out. 406 00:23:05,240 --> 00:23:07,480 SPX is in the conversation, right? 407 00:23:07,840 --> 00:23:09,920 Exactly. So I'm, I'm, I'm Pepe Margaret. 408 00:23:09,920 --> 00:23:11,400 But like SPX is another one, right? 409 00:23:11,400 --> 00:23:12,640 Like this is like doing really well. 410 00:23:12,640 --> 00:23:13,920 It's just like, I don't, you know? 411 00:23:15,160 --> 00:23:17,840 Yeah. What, what do you think of this, 412 00:23:18,200 --> 00:23:22,160 of this Robin Hood listing yesterday for Mudeng and MU? 413 00:23:22,200 --> 00:23:25,760 Are we about to see other bit of a listing cycle here? 414 00:23:26,280 --> 00:23:28,040 That's a lot. That's what came in my mind. 415 00:23:28,040 --> 00:23:31,720 And then the obvious coins there are are far coin. 416 00:23:33,280 --> 00:23:36,520 You could argue Mog I I. Don't like Doggy Mogg, right? 417 00:23:37,080 --> 00:23:39,560 MOG is on Coinbase and on bank but no it's not. 418 00:23:39,600 --> 00:23:42,080 Oh it doesn't have Binance spot yet by the way MOG it was on 419 00:23:42,160 --> 00:23:44,640 listen alpha. Don't forget that Mogg listed on 420 00:23:44,760 --> 00:23:47,760 alpha Binance a few weeks ago. Don't sleep on that like. 421 00:23:48,160 --> 00:23:50,040 Oh I didn't know that, I just assumed it was already on 422 00:23:50,240 --> 00:23:53,440 Binance. No, it's on alpha, So like keep 423 00:23:53,440 --> 00:23:56,720 that in mind, like that mog move too highs and once that break 424 00:23:56,720 --> 00:23:58,920 the highs, like I think wrecked is going to destroy its highs, 425 00:23:59,280 --> 00:24:00,960 right. If you look at the mark chart 426 00:24:00,960 --> 00:24:02,840 and the rec chart, I think Mark's going to pull what wreck 427 00:24:02,840 --> 00:24:06,000 did. But like on that type Mendo, I'm 428 00:24:06,000 --> 00:24:08,960 not going to call insider here, but that move, they move up and 429 00:24:08,960 --> 00:24:12,120 then all of a sudden you get a fucking, you know, news on Robin 430 00:24:12,120 --> 00:24:13,880 Hood. That's a that's a classic. 431 00:24:13,880 --> 00:24:18,000 But hey, we like those. I think who who do you guys 432 00:24:18,000 --> 00:24:19,760 think? Like FARC one is is I think FARC 433 00:24:19,760 --> 00:24:24,680 1 is the best product for the West for like a western listing. 434 00:24:24,680 --> 00:24:27,200 You know what I mean? Like I don't know. 435 00:24:28,000 --> 00:24:30,240 So I see it obviously super backed buys. 436 00:24:31,960 --> 00:24:34,720 I saw that and I was like, right, is this what we kind of 437 00:24:34,720 --> 00:24:37,440 saw in November a little bit where suddenly we're going to 438 00:24:37,440 --> 00:24:39,960 start to see a few of them? Do they do they think that's 439 00:24:39,960 --> 00:24:42,680 enough? Far coin seems like an obvious 440 00:24:42,680 --> 00:24:44,880 one here with what we just said. Like if I was buying it right 441 00:24:44,880 --> 00:24:48,760 now, I'd recognize that far coin is driving a lot of the interest 442 00:24:48,760 --> 00:24:51,240 right now in hyper liquid and be like, right, let's let's list 443 00:24:51,240 --> 00:24:55,360 this and then for. Oh, you're right about that. 444 00:24:56,000 --> 00:25:00,760 The other coins, it just feels like the time doesn't it feels 445 00:25:00,760 --> 00:25:04,720 like the time to maybe push some of the I look at Mooding and 446 00:25:04,720 --> 00:25:09,400 even go like this thing can this thing can go like that's a 447 00:25:09,400 --> 00:25:12,320 pretty attractive. It's got Robin Hood. 448 00:25:12,320 --> 00:25:14,880 It hasn't got Binance yet. It hasn't got buy bit. 449 00:25:17,160 --> 00:25:20,520 It's a couple of can we, can we talk about for a second that two 450 00:25:20,520 --> 00:25:25,720 weeks ago Mooding pumped out of nowhere and did a 7X. 451 00:25:25,760 --> 00:25:27,320 Well, it's not nowhere. Now you know why. 452 00:25:27,560 --> 00:25:30,120 Now it's on Robin Hood's spot 2, two weeks later. 453 00:25:30,520 --> 00:25:31,960 You know why? I mean, he's. 454 00:25:32,200 --> 00:25:34,880 Correlated in any way? Went to mute candles. 455 00:25:35,800 --> 00:25:39,760 Went to mute candles, literally. I looked at it and I was like, 456 00:25:40,040 --> 00:25:46,400 that's it's, yeah, I don't know. Can they call me next time like 457 00:25:46,400 --> 00:25:48,240 I'm? I'm interested right now. 458 00:25:49,520 --> 00:25:55,280 I like it sad to cook. I think Cook cooked on that and 459 00:25:55,400 --> 00:25:57,960 I don't know if Rasmer still has his Moodang position, but they 460 00:25:57,960 --> 00:26:01,680 these two guys, they are like obsessed with Moodang Rasmus. 461 00:26:02,000 --> 00:26:04,640 Sold it for sure. Anyone who held through this 462 00:26:04,640 --> 00:26:06,240 period though, like if you held through. 463 00:26:06,280 --> 00:26:13,160 That mental illness you deserve the win yeah, I think like you 464 00:26:13,160 --> 00:26:14,960 know, like you have like all these like yesterday I was 465 00:26:14,960 --> 00:26:17,080 looking to add some on the Solana side like I I was 466 00:26:17,080 --> 00:26:19,040 honestly looking to add some popcat because that's a good 467 00:26:19,040 --> 00:26:21,720 setup and like it's the other one, but like I don't want to 468 00:26:21,720 --> 00:26:24,600 move any farccon and I think my farccon position is so big that 469 00:26:24,600 --> 00:26:28,640 I'm done with the Solana side like it's just but if I had to 470 00:26:28,640 --> 00:26:31,280 add like popcats looking really good like and that's another 471 00:26:31,280 --> 00:26:34,680 strong one Mendo like in terms of listings and community and 472 00:26:34,680 --> 00:26:41,120 all that. How to start with with looks 473 00:26:41,160 --> 00:26:43,160 good here. Well. 474 00:26:43,200 --> 00:26:47,400 That's good here. I mean, there was, yeah. 475 00:26:47,600 --> 00:26:50,840 But Jenny, like the dog with the hat actually does look good. 476 00:26:50,840 --> 00:26:55,640 Like, you know, if you look at it on like Trading View, I know 477 00:26:55,640 --> 00:26:57,800 like this, it doesn't look good. But on Trading View it looks 478 00:26:57,800 --> 00:27:01,360 fucking amazing like so I don't know. 479 00:27:01,360 --> 00:27:04,600 This is pretty good, yeah. Are we just going to run back 480 00:27:04,600 --> 00:27:07,240 all of these memes? But to me, there's like 2 481 00:27:07,240 --> 00:27:09,520 schools of thought. So if you think we're like 482 00:27:09,800 --> 00:27:12,520 selling May and go away, which I don't think any of us do really. 483 00:27:13,040 --> 00:27:14,800 Well, yeah, that's that's proven wrong, right? 484 00:27:15,840 --> 00:27:17,800 Then. I think you've got until mid 485 00:27:17,800 --> 00:27:19,760 June. Yeah, I agree. 486 00:27:19,760 --> 00:27:24,200 So. Maybe 10th of June I would want 487 00:27:24,200 --> 00:27:30,160 to be severely reducing. I'm taking a lot of positions 488 00:27:30,160 --> 00:27:32,880 off mid June, that's my goal. And that's all that is, a short 489 00:27:32,880 --> 00:27:35,880 time frame. I mean it's a short time frame, 490 00:27:35,880 --> 00:27:38,760 but for maximizing it's like this time frame is a lot. 491 00:27:39,600 --> 00:27:42,200 I, I know what you're saying and, and the data backs this up. 492 00:27:42,560 --> 00:27:46,160 They the data backs you up and we were looking at it yesterday. 493 00:27:46,520 --> 00:27:49,920 The explosive meme move, for instance, that took place last 494 00:27:49,920 --> 00:27:54,200 year happened from. The Trump candle on Solana was 495 00:27:54,200 --> 00:27:55,960 fucking like. Overnight it was a month. 496 00:27:56,120 --> 00:27:59,600 A meme move was a month, so four or five weeks. 497 00:27:59,680 --> 00:28:02,400 And if you're arguing that the move is already started, then 498 00:28:02,400 --> 00:28:03,560 you're right, the clock's already started. 499 00:28:03,560 --> 00:28:04,960 So we've got three to four weeks left. 500 00:28:05,720 --> 00:28:07,200 But. And then, but then we run it 501 00:28:07,200 --> 00:28:09,600 back in Q4, then we run it back in Q4. 502 00:28:09,960 --> 00:28:12,160 Which I would be comfortable with, I'd be perfectly happy 503 00:28:12,160 --> 00:28:15,360 with that. But it kind of like part of me 504 00:28:15,360 --> 00:28:18,560 feels like, man, it's like this new, this new meta, this new 505 00:28:18,560 --> 00:28:23,840 cycle is just starting. But, and that's why it's hard 506 00:28:23,840 --> 00:28:25,680 for me to get fathom like, oh, this is going to be over in four 507 00:28:25,680 --> 00:28:29,520 weeks. That's just like my personal 508 00:28:29,520 --> 00:28:34,640 emotional feel with, you know, not taking a, a hard look at all 509 00:28:34,640 --> 00:28:36,640 this. But it's, it's good advice. 510 00:28:36,640 --> 00:28:39,000 And to keep that in check that you need to start thinking about 511 00:28:39,000 --> 00:28:40,400 that. It could very well play out like 512 00:28:40,400 --> 00:28:42,040 that. And back to your Robin Hood 513 00:28:42,040 --> 00:28:44,360 point. And they need to get going on 514 00:28:44,400 --> 00:28:46,320 some of these things. We need to get some of these 515 00:28:46,320 --> 00:28:51,280 spot listings coming in soon. It's going to be an interesting 516 00:28:51,280 --> 00:28:54,080 early summer, or I guess late late spring technically. 517 00:28:54,600 --> 00:28:56,600 I think like people know like people want to buy shit in 518 00:28:56,600 --> 00:28:58,600 summer, like give the people what they want, like list the 519 00:28:58,600 --> 00:29:00,920 tokens, make your fucking fees like Coinbase and all those 520 00:29:00,920 --> 00:29:03,320 companies like make your cash, you know but. 521 00:29:04,040 --> 00:29:06,000 We're we're talking about. Coinbase right now I list all 522 00:29:06,000 --> 00:29:08,400 people's favorite meme coins just from a pure media 523 00:29:08,400 --> 00:29:11,040 standpoint because they've taken such a beating on the back of 524 00:29:11,040 --> 00:29:13,800 this. Like like in terms of PRI 525 00:29:14,760 --> 00:29:17,360 fucking list the biggest memes just to give people something to 526 00:29:17,360 --> 00:29:20,280 chew on while we're getting chewed out in social media 527 00:29:20,520 --> 00:29:22,080 straight up. So what P Rs that point? 528 00:29:22,880 --> 00:29:24,360 What are we saying at the end of this conversation? 529 00:29:24,600 --> 00:29:28,320 Which ones do you want to own? What are your top three other 530 00:29:28,320 --> 00:29:32,680 than fart coin or like other than your? 531 00:29:32,680 --> 00:29:37,160 Coin, actually, that's OK, That's not in our bag, Doge. 532 00:29:38,440 --> 00:29:40,800 Especially the Solana thing that happened yesterday, I think it's 533 00:29:40,800 --> 00:29:42,760 pretty cool. And it's just sitting at $23 534 00:29:42,760 --> 00:29:44,880 billion talking about the king of memes. 535 00:29:46,360 --> 00:29:47,720 So we're talking three. That's not in our bags. 536 00:29:47,760 --> 00:29:54,680 OK, Doge. I don't want to say Floki, but 537 00:29:54,960 --> 00:30:00,080 these memes always pump again like it's stupid, but you know, 538 00:30:01,200 --> 00:30:06,200 so let's keep it safe. What do you think, Tyler? 539 00:30:06,280 --> 00:30:09,160 OK, I'll say those pop cat and let me think about the third one 540 00:30:09,160 --> 00:30:10,520 while you guys think. And Trump. 541 00:30:12,320 --> 00:30:15,440 Oh wow, some pile takes. What? 542 00:30:15,520 --> 00:30:19,480 Are you going to get for doge 2 XI got I'm happy I'm happy 543 00:30:19,480 --> 00:30:25,520 skipping the doge trade here. I think SBX looked that SBX 544 00:30:25,520 --> 00:30:27,800 looked good. I think MOG looks really good 545 00:30:28,920 --> 00:30:32,400 and one of the wild cards like a token like Pingu. 546 00:30:33,320 --> 00:30:35,400 Yeah, Pingu, Pingu. Making a run for. 547 00:30:35,680 --> 00:30:37,800 Sure. It's 80% off all time high 548 00:30:37,800 --> 00:30:40,080 still. Luca just went up on stage 549 00:30:40,080 --> 00:30:42,200 yesterday and said there's a there's the biggest announcement 550 00:30:42,200 --> 00:30:47,040 of the year still coming. So, OK, if we're talking to 551 00:30:47,040 --> 00:30:49,800 smaller ones, like, not like, yeah, like Popcat Penguin, like, 552 00:30:49,800 --> 00:30:52,480 I don't know, another one. What do you think, Mando? 553 00:30:55,440 --> 00:31:00,000 Yeah, I think looking at MOG again, just looks like that's 554 00:31:00,000 --> 00:31:03,560 the one to me right here. Like it, Pepe's had a decent 555 00:31:04,320 --> 00:31:08,400 move now and I think MOG has got another 2X in it here basically. 556 00:31:09,080 --> 00:31:13,280 Yeah, 3X feels pretty realistic. What no one's talking about is 557 00:31:13,280 --> 00:31:18,320 the number one runes, the dog token just quietly at 500, five, 558 00:31:18,320 --> 00:31:22,920 120 million with a cracker integration on the way. 559 00:31:23,560 --> 00:31:27,840 So every everyone's still still fitting the top runes, dog. 560 00:31:28,440 --> 00:31:31,480 I'm I'm so tired. You know what? 561 00:31:31,760 --> 00:31:33,040 I'm even tired of the runes thing. 562 00:31:33,160 --> 00:31:37,920 I'm I'm like, I like I looked at pops right now and like bitcoins 563 00:31:37,920 --> 00:31:40,000 at 1:10. This thing is like still raging 564 00:31:40,000 --> 00:31:42,040 at 30 million. You know what, like at this 565 00:31:42,040 --> 00:31:44,320 stage, like my quarter $1,000,000 in pops that once 566 00:31:44,320 --> 00:31:45,800 was, it's probably worth like 15 K. 567 00:31:45,800 --> 00:31:48,840 I'm going to sell it and like buy myself an insane vacation 568 00:31:48,840 --> 00:31:51,800 this summer with it. Like like that's a great fucking 569 00:31:52,120 --> 00:31:56,760 10 day and like a five star resort was my girl and I'm just 570 00:31:56,760 --> 00:31:59,720 going to drink it away. Yeah, probably get better. 571 00:32:00,040 --> 00:32:04,040 Yeah, better rely on life we've. Been watching Brooklyn. 572 00:32:04,120 --> 00:32:05,680 What we haven't talked about is alts. 573 00:32:05,880 --> 00:32:08,120 So like we've been talking about memes for alt season. 574 00:32:09,560 --> 00:32:12,800 We talked about hype, but other than hype, like are you looking 575 00:32:12,800 --> 00:32:15,160 at any of these other more traditional alt plays? 576 00:32:15,160 --> 00:32:16,680 So like World Coins been on a tear. 577 00:32:16,680 --> 00:32:19,600 It's up 32% this week. Jupiter had a big announcement 578 00:32:19,600 --> 00:32:20,760 yesterday. They're rolling out their Lynn 579 00:32:20,760 --> 00:32:22,320 product. They're up 20%. 580 00:32:22,440 --> 00:32:24,520 Nice. Tao's been hanging out. 581 00:32:24,520 --> 00:32:28,600 It's doing all right. I kind of pointed this. 582 00:32:28,600 --> 00:32:33,440 I feel like it's it's still like it feels like it's AI and memes. 583 00:32:33,440 --> 00:32:37,320 What up with the believe eco? Talk to us about that. 584 00:32:37,880 --> 00:32:39,720 Yeah, yesterday was a very messy day. 585 00:32:40,200 --> 00:32:42,680 Yeah, look at the the launch coin chart and looked amazing 586 00:32:42,680 --> 00:32:45,440 and then in one day got new from 260 to like 160. 587 00:32:45,480 --> 00:32:47,680 What happened? Yeah, the total market captain 588 00:32:47,680 --> 00:32:51,000 believes 280,000,000 right now, launch coins at 177. 589 00:32:51,000 --> 00:32:54,200 It's kind of hanging out at support right now. 180 million 590 00:32:54,200 --> 00:32:58,840 has been its support level messy day from founder Ben Pasternak 591 00:32:58,840 --> 00:33:03,400 yesterday. So about a day ago I believe 592 00:33:03,400 --> 00:33:05,800 that came out and said we're going to make a few changes. 593 00:33:06,240 --> 00:33:08,960 Launches using the launch corn handle are temporarily paused 594 00:33:09,240 --> 00:33:12,000 due to a surge in non like non legitimate like try to get rid 595 00:33:12,000 --> 00:33:14,680 of like the trash tokens, the scams they're launching kind of 596 00:33:14,680 --> 00:33:17,480 made sense. Then a change to their verify 597 00:33:17,480 --> 00:33:19,000 this new feature. They're going to go live 598 00:33:19,000 --> 00:33:21,960 throughout the day. They immediately got pushed back 599 00:33:21,960 --> 00:33:24,200 on that. So a 30 minutes later, Pashmik 600 00:33:24,200 --> 00:33:26,640 says, OK, we're going to make change based on the feedback 601 00:33:26,640 --> 00:33:27,680 here. Give us 30 minutes. 602 00:33:29,200 --> 00:33:32,720 And then a few hours later, sorry for the chaos. 603 00:33:33,000 --> 00:33:36,720 Live iteration is tough. Staying stagnant is not an 604 00:33:36,720 --> 00:33:38,000 option. We got to keep evolving. 605 00:33:38,400 --> 00:33:42,160 And then 8 hours later he makes another pivot and says believe 606 00:33:42,160 --> 00:33:43,400 will not be the arbiter of truth. 607 00:33:44,120 --> 00:33:45,800 No more featured verification at all. 608 00:33:45,800 --> 00:33:51,720 So they're, they're throwing out the verified launches, which was 609 00:33:51,720 --> 00:33:53,320 kind of like the hallmark of this app. 610 00:33:53,400 --> 00:33:55,880 So anyone could launch on believe, right? 611 00:33:55,880 --> 00:33:58,280 And that's how we had 15,000 launches in the first week. 612 00:33:58,920 --> 00:34:02,520 But part of the core bull case is he was going to be able to 613 00:34:02,520 --> 00:34:07,120 like round up real builders with real products and then they 614 00:34:07,120 --> 00:34:11,600 would launch them in a more like, in a verified fashion so 615 00:34:11,600 --> 00:34:14,000 that you know, like, OK, this is like a legit launch to watch. 616 00:34:14,760 --> 00:34:16,320 And now they're, they're, they're kind of throwing out 617 00:34:16,320 --> 00:34:19,480 that responsibility. And it happened in a very knee 618 00:34:19,480 --> 00:34:20,920 jerk way. So like I was following all this 619 00:34:20,920 --> 00:34:25,280 in real time and it's like we're doing this thing, then this 620 00:34:25,280 --> 00:34:28,320 thing, then this thing. And I, I hate this as a market 621 00:34:28,320 --> 00:34:31,719 participant because it's, to me, it just shows that you're very 622 00:34:31,719 --> 00:34:34,040 reactionary. You're making knee jerk 623 00:34:34,040 --> 00:34:36,639 decisions and you're not sitting down and making like a, a 624 00:34:36,719 --> 00:34:41,440 thoughtful plan and vision for your ecosystem. 625 00:34:41,520 --> 00:34:44,719 It's like I I've panned the bowl case on this show, but I have to 626 00:34:44,719 --> 00:34:47,320 be very objective here. Like this was a bad, I thought 627 00:34:47,320 --> 00:34:51,440 this was a very bad look from Pasternak and the Believe app 628 00:34:51,639 --> 00:34:54,840 and, and the markets kind of showing it. 629 00:34:56,040 --> 00:34:59,040 A lot of the recent believe launches, like they're pretty 630 00:34:59,040 --> 00:35:00,040 low. Like let's look where, where are 631 00:35:00,040 --> 00:35:04,280 the market caps at? Yeah, we've got 3 coins hanging 632 00:35:04,280 --> 00:35:06,320 out over 10 million, but they're all below 15 now. 633 00:35:06,960 --> 00:35:11,400 Pretty a lot. Of stuff down on the day, there 634 00:35:11,400 --> 00:35:14,840 was another messy one of the recent launches, Clad Like the 635 00:35:14,880 --> 00:35:18,040 Family, got his Twitter deleted. There's so much drama, dude. 636 00:35:18,040 --> 00:35:20,840 Like I looked at the comments and then I'm like, then people 637 00:35:20,840 --> 00:35:23,840 are pissed at like password Act has not been like supporting the 638 00:35:23,840 --> 00:35:25,280 unicorns. They're kind of fucking them off 639 00:35:25,280 --> 00:35:27,520 when they were the biggest in ecosystem and this and that. 640 00:35:27,520 --> 00:35:33,400 I'm like, I don't know what is. This a more predictable thing 641 00:35:33,600 --> 00:35:36,800 than what is going on right now. I know I was just going to say 642 00:35:36,800 --> 00:35:38,440 this, man. I was like, I tried to believe 643 00:35:38,440 --> 00:35:39,800 it. I'm looking at it like fuck, 644 00:35:39,800 --> 00:35:42,040 like it's the same thing all the time. 645 00:35:43,120 --> 00:35:46,120 Exactly. With AI16Z, what happened with 646 00:35:46,120 --> 00:35:48,280 virtual? It's like if you're trying to be 647 00:35:48,280 --> 00:35:52,120 some sort of like gated launchpad and like you've got 648 00:35:52,120 --> 00:35:53,880 the secret sauce to launch good things. 649 00:35:53,880 --> 00:35:56,880 It worked at the start and then it just gradually gets worse and 650 00:35:56,880 --> 00:36:00,520 worse. I mean, AI16Z went to 4 billion 651 00:36:00,520 --> 00:36:02,840 sort of virtuals, right? But we're not in that. 652 00:36:02,840 --> 00:36:04,960 Market. We're not in that market. 653 00:36:05,080 --> 00:36:08,720 People come by AI like this was just, this was literally just 654 00:36:08,800 --> 00:36:12,080 the guys that stuck around deciding we were going. 655 00:36:12,080 --> 00:36:14,440 To buy it was the IT was the ACC Zeke people. 656 00:36:15,400 --> 00:36:19,160 Yeah, what I will. So and I I shared my negative 657 00:36:19,160 --> 00:36:24,120 outlook, the potential upside paint the bull case, it's still 658 00:36:24,120 --> 00:36:27,000 at support. So one 180 million is holding 659 00:36:29,440 --> 00:36:31,760 and I mean they could like the bull case of them is still 660 00:36:31,760 --> 00:36:34,200 bringing in founders and having a viral launch is still on the 661 00:36:34,200 --> 00:36:36,240 table. Yeah, and it's still only two 662 00:36:36,240 --> 00:36:38,640 weeks old. I'm still not, like writing this 663 00:36:38,640 --> 00:36:40,960 to like, send it to 0. That's not what I'm saying by 664 00:36:40,960 --> 00:36:43,880 any means. I just my advice to Ben is just 665 00:36:43,880 --> 00:36:47,080 to like take a long weekend. Yes. 666 00:36:47,360 --> 00:36:50,720 Sit down with your team like, think about like how you want 667 00:36:50,720 --> 00:36:55,160 this to go and just stop making. And please don't crash out. 668 00:36:55,440 --> 00:36:58,680 Three hours. And please don't crash out. 669 00:37:00,280 --> 00:37:02,120 So that would be that's the natural evolution of the 670 00:37:02,120 --> 00:37:04,440 founders. They usually crash out next at 671 00:37:04,640 --> 00:37:06,120 that's. Coming out to Anthony, we do 672 00:37:06,120 --> 00:37:08,680 reactionary here's our go forward plan here's our 673 00:37:08,680 --> 00:37:13,080 potential flywheel here is like the the set of X founders that 674 00:37:13,080 --> 00:37:15,360 we think are going to be able to come launch products with us 675 00:37:15,560 --> 00:37:18,920 this month and I think it would it would do a lot to inspire 676 00:37:18,920 --> 00:37:20,800 confidence he he. Should come on the show on 677 00:37:20,800 --> 00:37:21,880 Monday. Tuesday. 678 00:37:22,000 --> 00:37:23,680 Sorry. ICM summer? 679 00:37:23,680 --> 00:37:25,160 I don't know. I'm not sure if I'm ready for 680 00:37:25,160 --> 00:37:29,120 ice if I call an ICM summer. It's Solana summer. 681 00:37:29,960 --> 00:37:31,240 Let's talk about Salon this summer. 682 00:37:31,520 --> 00:37:34,280 You're an Accelerate. There's been a lot of chatter 683 00:37:34,280 --> 00:37:37,520 about ETH on the timeline. The sole chart looks pretty damn 684 00:37:37,520 --> 00:37:41,880 good to me. I'm betting on sole being a 685 00:37:41,880 --> 00:37:45,960 faster horse than ETH if we get an off season this month. 686 00:37:47,440 --> 00:37:49,840 And part of us, the momentum coming out of accelerate broke 687 00:37:49,840 --> 00:37:52,480 your your boots on the ground. What's been your experience? 688 00:37:53,280 --> 00:37:56,520 Listen, I'm the founder of an EVM aligned company. 689 00:37:56,600 --> 00:38:01,880 I want to put this forward, but but Solana every time, you know, 690 00:38:02,960 --> 00:38:05,080 look so excited. It was electric. 691 00:38:05,560 --> 00:38:08,040 It was a great conference. It's still going on today. 692 00:38:08,080 --> 00:38:10,320 I just happened to have to I have to leave, but or else I'd 693 00:38:10,320 --> 00:38:13,280 be there. There is a lot of energy. 694 00:38:13,480 --> 00:38:15,800 All the this goes, all the creators are there. 695 00:38:15,920 --> 00:38:17,720 Then you have it's I was telling someone yesterday, but I like 696 00:38:17,720 --> 00:38:19,840 what Solana is like. There's a really cool culture. 697 00:38:20,160 --> 00:38:21,760 So you have all the like the creator folks. 698 00:38:21,880 --> 00:38:24,400 Then you have the nerdy devs, let's say. 699 00:38:24,680 --> 00:38:27,920 Then you have just the consumers, the participants that 700 00:38:27,920 --> 00:38:29,640 come and chill. And then you have the big 701 00:38:29,640 --> 00:38:30,880 founders. They're all here, by the way, 702 00:38:30,880 --> 00:38:32,880 like the big dogs. Like there's a lot of big folks. 703 00:38:33,120 --> 00:38:36,440 As you can see from the from the people who are speaking, the 704 00:38:36,440 --> 00:38:39,360 panels are packed. Every booth is packed. 705 00:38:39,720 --> 00:38:41,360 It's not a huge venue. It's perfect, right? 706 00:38:41,360 --> 00:38:44,320 It's a Pier 36 in New York by the water. 707 00:38:44,600 --> 00:38:46,760 And it just, it's, it's so long in a nutshell. 708 00:38:46,760 --> 00:38:48,840 Like it does a little bit of this and a little bit of that. 709 00:38:48,920 --> 00:38:51,200 And it was a great conference. I'm really glad that Ledger 710 00:38:51,200 --> 00:38:53,400 brought me out here. I'm very happy I came. 711 00:38:53,720 --> 00:38:56,040 It's like going to a cool like Apple conference. 712 00:38:56,040 --> 00:38:56,920 Like I don't know how to explain. 713 00:38:56,920 --> 00:38:58,400 Like it was just really good energy. 714 00:38:59,280 --> 00:39:02,560 So a lot of people that I knew and a lot of the creators 715 00:39:02,560 --> 00:39:05,840 etcetera as well. And and this I it reminds me why 716 00:39:05,840 --> 00:39:09,080 I'm bullish on the Solana ecosystem and I have been 717 00:39:09,080 --> 00:39:12,280 bullish from the sequel since Q 4/20/23 and I've not once been 718 00:39:12,280 --> 00:39:14,360 bearish on it. I was pissed off during the 719 00:39:14,360 --> 00:39:17,040 Libra scandal, but I was never bearish on Solana as an 720 00:39:17,080 --> 00:39:19,320 ecosystem. And I think it's to recover very 721 00:39:19,320 --> 00:39:22,440 well from that. And what I love about Solana is 722 00:39:22,440 --> 00:39:25,000 that while a lot of people like to take the piss on it, saying 723 00:39:25,000 --> 00:39:27,080 it's just a meme coin ecosystem, it's so not. 724 00:39:27,400 --> 00:39:30,000 And I think that's been proven since there's a lot of great 725 00:39:30,000 --> 00:39:32,640 things being built on it, whether it's deep in RWA, 726 00:39:33,280 --> 00:39:36,560 etcetera, a lot of great apps and, and it's still the most 727 00:39:36,560 --> 00:39:38,520 attractive place to build as a founder. 728 00:39:39,080 --> 00:39:42,360 And that's a fact, you know, and, and I think that it's 729 00:39:42,360 --> 00:39:44,160 great. And I think that there's some 730 00:39:44,160 --> 00:39:46,720 good notes that can be taken from the theorem and it's, it's 731 00:39:46,720 --> 00:39:49,200 foundation. I too think that they will 732 00:39:49,200 --> 00:39:52,440 probably like do it, but I do think that, you know, I see the 733 00:39:52,440 --> 00:39:55,320 appeal in Solana still and it makes me it just keeps me 734 00:39:55,320 --> 00:39:57,680 bullish on it, right. Solana Accelerate is great 735 00:39:57,680 --> 00:40:00,480 conference. It's really, really good, 736 00:40:00,480 --> 00:40:02,480 actually. So very glad I came. 737 00:40:03,160 --> 00:40:04,360 And we've seen some of the big updates. 738 00:40:04,360 --> 00:40:07,760 So we had Solana Alpengloss, that's the next network upgrade. 739 00:40:07,760 --> 00:40:12,640 It's going to be 100 X faster. We had the Kraken stock 740 00:40:12,640 --> 00:40:14,960 tokenization coming to Solana News. 741 00:40:14,960 --> 00:40:19,080 We had the largest meme coin, Doge bridging over to Solana. 742 00:40:19,080 --> 00:40:20,280 I think that's more of a minor one. 743 00:40:20,320 --> 00:40:23,680 We've got Jupiter, Jupiter rolling out new products as it 744 00:40:23,680 --> 00:40:27,080 becomes it's lend, as it becomes a more comprehensive D5 745 00:40:27,080 --> 00:40:31,760 protocol. And then Solana mobile betting 746 00:40:32,000 --> 00:40:36,320 more, betting bigger on its own token, just a broader mobile 747 00:40:36,440 --> 00:40:38,760 ecosystem. So it's it's just different. 748 00:40:39,720 --> 00:40:41,560 It's just different. Like Solana is going to be the 749 00:40:41,760 --> 00:40:43,440 like, I don't like the whole thing going on right now. 750 00:40:43,480 --> 00:40:45,240 The whole hype will flip. So it's stupid. 751 00:40:45,440 --> 00:40:47,520 Hype should have aspired to flip Binance. 752 00:40:48,400 --> 00:40:51,840 That's the narrative, right? Solana should aspire to flip 753 00:40:51,840 --> 00:40:54,760 whatever the fuck, right? Like the next Solana wants 754 00:40:54,760 --> 00:40:59,080 probably the next Uber, Airbnb, et cetera to be built on Solana. 755 00:40:59,160 --> 00:41:01,720 And it will the next like Helium right now, right? 756 00:41:01,720 --> 00:41:05,720 It's mega right. The next AT&T is being built on 757 00:41:05,720 --> 00:41:07,760 Solana, literally as a matter of fact, I'm pretty sure they work 758 00:41:07,760 --> 00:41:10,560 with AT&T right. So these things right the next 759 00:41:10,800 --> 00:41:13,040 social even forecaster announced that they have the swan 760 00:41:13,040 --> 00:41:15,880 integration right now. So as soon as that right swan's 761 00:41:15,880 --> 00:41:20,040 like the Apple right, that's the like swan aspire to flip Apple 762 00:41:20,240 --> 00:41:22,400 as a company. You know, like that to me, 763 00:41:22,400 --> 00:41:25,640 that's what it is and hype is completely different right than 764 00:41:25,640 --> 00:41:27,680 that. And and I think that's just how 765 00:41:27,680 --> 00:41:28,720 it's always going to be from here. 766 00:41:28,720 --> 00:41:31,520 Ford, I think salon is a multi cycle major. 767 00:41:31,800 --> 00:41:34,120 Not only is it still the token of this cycle, I think it will 768 00:41:34,120 --> 00:41:37,400 continue to be like one of the greatest, the biggest tokens in 769 00:41:37,400 --> 00:41:40,480 this ecosystem. And just undeniably, I think, I 770 00:41:40,480 --> 00:41:44,680 mean, numbers don't lie and you know, the volume doesn't lie 771 00:41:44,680 --> 00:41:46,160 either. I'm with you. 772 00:41:46,160 --> 00:41:49,760 I just I'm comparing and contrasting just says again, 773 00:41:49,760 --> 00:41:51,640 someone who's on the timeline as a market participant. 774 00:41:52,120 --> 00:41:54,680 And I don't know if it's like the hype is just kind of gone 775 00:41:55,040 --> 00:41:57,320 from, from ET, like the ET conferences, you don't have 776 00:41:57,320 --> 00:42:01,680 these splashy announcements. Maybe that's because like the, 777 00:42:01,800 --> 00:42:04,400 the development is coming out of so many different parts of the 778 00:42:04,400 --> 00:42:07,520 broader ecosystem. It's, you know, it's, it's 779 00:42:07,560 --> 00:42:11,240 across L twos and not just ETH mainnet. 780 00:42:11,280 --> 00:42:14,160 And maybe Solana is just more centralized. 781 00:42:14,160 --> 00:42:18,000 So you get these pockets, but these pockets wouldn't roll out. 782 00:42:18,920 --> 00:42:21,800 That's always been the case with these these like SUI 8 like they 783 00:42:21,800 --> 00:42:24,200 always can have a conference because it's way more The 784 00:42:24,240 --> 00:42:27,600 foundation just takes a more active role in BD when the ETH 785 00:42:27,680 --> 00:42:31,480 foundation doesn't barely does any PD it just it's. 786 00:42:31,960 --> 00:42:35,080 I think it's going to change, you think, But yeah, you're 787 00:42:35,080 --> 00:42:37,920 right. I feel like it's just sat, it 788 00:42:37,920 --> 00:42:41,200 just sits as an arbiter of like politics, almost like it's like 789 00:42:41,200 --> 00:42:44,680 it's these foundation is a very different sort of foundation to 790 00:42:44,680 --> 00:42:46,720 other blockchain foundations. I know whole. 791 00:42:47,440 --> 00:42:51,280 Feel of it, it's just very, it's not around business. 792 00:42:52,800 --> 00:42:54,600 You're right, you're right. And I I hope this changes. 793 00:42:54,600 --> 00:42:56,640 I think the new people in Church Foundation are good and I think 794 00:42:56,640 --> 00:42:59,960 that's going to change. But you know, that's why someone 795 00:42:59,960 --> 00:43:05,560 is ahead and it's working. Broke thinks Ethan is. 796 00:43:06,680 --> 00:43:07,800 He's still bullish, Ethan, I mean. 797 00:43:08,600 --> 00:43:11,160 Well, I just what I did is I I was bullish Heath. 798 00:43:11,160 --> 00:43:14,880 So what I did is I barbelled with Pepe and mog on top of my 799 00:43:14,880 --> 00:43:17,000 racked. So I'm pretty much only have 800 00:43:17,000 --> 00:43:20,240 exposure not to like Ethan soul via meme coins. 801 00:43:21,920 --> 00:43:27,040 We're going straight, I'm back to 100%, pretty much 100% meme 802 00:43:27,040 --> 00:43:31,480 coin portfolio and I like it. Yeah, All right. 803 00:43:31,480 --> 00:43:34,240 Well, I think we we. I'm just a genius. 804 00:43:34,480 --> 00:43:37,000 Gone around at the talking points. 805 00:43:37,960 --> 00:43:40,440 This was just quick reactions to a couple of headlines. 806 00:43:40,440 --> 00:43:41,640 Then we're going to go to far coin Friday. 807 00:43:41,680 --> 00:43:45,320 You'd spend so just in one minute CFTC perps trading. 808 00:43:45,320 --> 00:43:46,720 I feel like this is kind of mixed. 809 00:43:46,720 --> 00:43:49,120 I think some people said this is this is good for hyper liquid 810 00:43:49,120 --> 00:43:51,720 because it means they will face less regulatory challenges. 811 00:43:52,480 --> 00:43:54,760 The flip side is this is perhaps they'll have more competition. 812 00:43:56,320 --> 00:43:58,640 Curious Manda, did you have a read on this and potential 813 00:43:58,640 --> 00:44:02,400 impacts to or or either of you? A. 814 00:44:03,000 --> 00:44:07,440 CFTC is a governing body. They are basically saying we can 815 00:44:07,440 --> 00:44:11,160 allow pups to trade, but they'll be needs needs to be regulated. 816 00:44:11,880 --> 00:44:18,040 And I don't know what that means for a, for a pup dex versus a, a 817 00:44:18,040 --> 00:44:23,640 pup sex, let's put it that way. They've been pretty, they've 818 00:44:23,640 --> 00:44:30,480 been pretty aggressive against dexes doing this just because it 819 00:44:30,480 --> 00:44:34,040 comes down to that rule of the CFTC is the commodities 820 00:44:36,120 --> 00:44:40,040 regulator, right, Right. So they are saying we can allow 821 00:44:40,040 --> 00:44:43,440 commodities perps to trade. But if you're going to come in 822 00:44:43,440 --> 00:44:46,440 and be like, look, we're going to list the long tail of perps 823 00:44:46,440 --> 00:44:50,960 here, then they might be like, well, we're not going to allow 824 00:44:50,960 --> 00:44:53,680 you to do that in the US because it's not, we can't regulate it. 825 00:44:54,800 --> 00:44:58,560 So I think what you'll see is that the ones that basically get 826 00:44:58,600 --> 00:45:03,600 ETFs will be available to trade as Pups in the US And that will 827 00:45:03,640 --> 00:45:07,520 happen relatively soon, I think. But I don't know if a platform 828 00:45:07,520 --> 00:45:11,240 like Hyper Liquid necessarily will be the one that that 829 00:45:11,400 --> 00:45:13,360 benefits from this. It will be like Coinbase is able 830 00:45:13,360 --> 00:45:16,840 to, to, to, to trade more. I don't know though. 831 00:45:17,000 --> 00:45:19,960 Like I really don't know. Yeah, that's what I'm kind of on 832 00:45:19,960 --> 00:45:22,160 the fence as well. I don't think the reason hype 833 00:45:22,160 --> 00:45:24,600 pumped yesterday was on the back of this news, just to put that 834 00:45:24,600 --> 00:45:28,400 out there. I think it's other drivers, but 835 00:45:28,400 --> 00:45:30,720 I don't think my point is I'm not sure that this is 836 00:45:30,720 --> 00:45:33,880 necessarily a slam dunk bullish headline for hyper Liquid. 837 00:45:34,600 --> 00:45:37,880 So just just one to watch and the other one banks getting into 838 00:45:37,880 --> 00:45:40,600 stable coins. We kind of this has been like we 839 00:45:40,600 --> 00:45:42,280 kind of known they were thinking about it. 840 00:45:42,480 --> 00:45:44,880 This isn't like a formal thing. They're just, they're still just 841 00:45:44,880 --> 00:45:48,280 kind of potentially planning. It does feel like it's a direct 842 00:45:48,280 --> 00:45:51,440 threat to Circle. It feels like Circle needs to 843 00:45:51,440 --> 00:45:57,080 sell ASAP. What was my take away from from 844 00:45:57,080 --> 00:45:59,920 this one? So yeah, I think that's very 845 00:46:00,000 --> 00:46:02,240 fair. We'll we'll continue to see 846 00:46:02,240 --> 00:46:04,880 before. They'll be a buyer physical. 847 00:46:05,360 --> 00:46:06,720 I think XLP will try and buy them. 848 00:46:06,840 --> 00:46:09,040 Why wouldn't they? They have to stop quick. 849 00:46:09,040 --> 00:46:11,280 If I was them, I'd just dump this company, make 5 by $5 850 00:46:11,280 --> 00:46:14,080 billion, and so also sunset stable coins. 851 00:46:14,080 --> 00:46:15,320 Everyone's gonna launch a stable climbing. 852 00:46:15,320 --> 00:46:17,280 Even Iran at this stage is gonna have a stable coin.