1 00:00:00,240 --> 00:00:06,280 Yo-yo yo-yo yo what up, what up Good morning, good morning DMG 2 00:00:11,080 --> 00:00:22,880 Monday, January 42nd 20245555 Definitely a February 10th, 2025 3 00:00:22,880 --> 00:00:24,800 look at that. Another beautiful day to have a 4 00:00:24,800 --> 00:00:27,840 beautiful day. I got my coast in the house. 5 00:00:28,880 --> 00:00:32,800 Tyler Mando, good morning boys. How you doing today? 6 00:00:34,760 --> 00:00:35,920 What's up brother? How are you? 7 00:00:35,920 --> 00:00:37,720 What's? Up brother, you good? 8 00:00:37,720 --> 00:00:41,000 Feeling fantastic today, Mando. Yes. 9 00:00:41,720 --> 00:00:43,080 I like that. I like that. 10 00:00:43,080 --> 00:00:44,600 I like. I just bought some fart coin the 11 00:00:44,600 --> 00:00:48,320 other day. You want I love that this guy 12 00:00:48,320 --> 00:00:51,240 bought again. Mando did Mando's mangoes, baby 13 00:00:51,240 --> 00:00:54,040 Mando's mangoes. These guys Bias, you know, Bias 14 00:00:54,040 --> 00:00:56,040 bought some fart coins. It's Friday morning, Saturday. 15 00:00:56,040 --> 00:00:58,720 I forget it's one of the mornings you texted and you post 16 00:00:58,720 --> 00:01:01,560 it and look at that Sup a lot. You know, never misses that 17 00:01:01,560 --> 00:01:03,920 misses. Tyler, you had a busy weekend. 18 00:01:03,920 --> 00:01:06,240 You're going to be busy today on this show because I was tapped 19 00:01:06,240 --> 00:01:07,680 out. So you're going to have a busy 20 00:01:07,680 --> 00:01:09,480 show today. But Tyler, how you doing this 21 00:01:09,480 --> 00:01:11,960 weekend today? I'm good for the first Monday in 22 00:01:11,960 --> 00:01:14,280 a month. We're not bleeding red. 23 00:01:14,760 --> 00:01:16,800 Wait, don't Jake say knock on wood, knock on wood, knock on 24 00:01:16,800 --> 00:01:19,560 wood. Yes, yeah, of course, anything 25 00:01:19,560 --> 00:01:22,280 could change in any minute. But a little bit of green on the 26 00:01:22,280 --> 00:01:23,320 board this morning, We'll take it. 27 00:01:23,840 --> 00:01:28,120 Hey, could this be a paradigm shift plus vibe shift plus new 28 00:01:28,120 --> 00:01:30,320 paradigm plus? It was that copy pasta I 29 00:01:30,320 --> 00:01:33,120 remember we had at some point like this plus this plus that. 30 00:01:33,120 --> 00:01:36,360 But look, it does feel good. Hey, could it be that sellers 31 00:01:36,360 --> 00:01:40,240 are exhausted? Is the meme becoming a reality? 32 00:01:40,240 --> 00:01:41,240 I was thinking about this last night. 33 00:01:41,240 --> 00:01:42,760 Well, let's talk about doing the market anyways. 34 00:01:42,760 --> 00:01:44,200 I was thinking what? I was like, hey, and like, who 35 00:01:44,280 --> 00:01:47,400 else is left to sell? I mean, fuck stables. 36 00:01:47,520 --> 00:01:48,880 You guys talk about stable coins. 37 00:01:49,120 --> 00:01:51,960 You, you guys are posting stable coins higher every single day. 38 00:01:51,960 --> 00:01:54,200 I'm like, dude, how many more stables can we have? 39 00:01:54,680 --> 00:01:56,600 There's more stables than meme coins right now. 40 00:01:56,600 --> 00:01:58,280 Valued. Anyways, let's talk about that 41 00:01:58,280 --> 00:02:01,480 in the midst of market today, Tyler's top 1000 and there was a 42 00:02:01,480 --> 00:02:05,960 lot like big balls, jail stool, Central African Republic or some 43 00:02:05,960 --> 00:02:07,760 shit, which obviously ended up being a hacker, whatever. 44 00:02:07,920 --> 00:02:09,400 We're going to talk about all this stuff because that was 45 00:02:09,400 --> 00:02:11,200 insane. So the left curve corner today 46 00:02:11,200 --> 00:02:14,520 is going to be fascinating. And last but not least, do so as 47 00:02:14,800 --> 00:02:18,760 powered by galaxies. I you know, in school I used to 48 00:02:18,760 --> 00:02:20,480 remember all these poems and stuff by heart. 49 00:02:20,480 --> 00:02:22,600 Like I can't remember ad reads by heart for some reason. 50 00:02:22,600 --> 00:02:25,240 It's so funny. ANYWAYS, Galaxies is a web 3 51 00:02:25,240 --> 00:02:28,720 platform empowering creators and brands to build on stoppable 52 00:02:28,720 --> 00:02:31,680 communities with full ownership and independence, trusted by 53 00:02:31,680 --> 00:02:34,680 icons like Donald Trump, Steve Aoki, Mike Tyson and the NBA, 54 00:02:34,800 --> 00:02:38,320 shaping together the future of engagement, but also also also 55 00:02:38,320 --> 00:02:40,360 fair site. Everyday we see people's wallets 56 00:02:40,360 --> 00:02:42,240 get drained. Fair site is about to launch the 57 00:02:42,240 --> 00:02:45,440 fair alternative to insurance for crypto scams. 58 00:02:45,640 --> 00:02:48,200 Check out fair side network on X. 59 00:02:48,200 --> 00:02:51,920 If you get drained, you won't get wrecked, man, though let's 60 00:02:51,920 --> 00:02:53,680 get right into this market because it's it's, it's 61 00:02:53,680 --> 00:02:54,680 definitely interesting right now. 62 00:02:58,960 --> 00:03:01,600 Who is the? Man, that GoDaddy of the man. 63 00:03:05,440 --> 00:03:09,240 Can you dig it? GM everyone, we had a great 64 00:03:09,240 --> 00:03:12,960 weekend. Bit of a mixed weekend I would 65 00:03:12,960 --> 00:03:14,720 say for price action here in crypto. 66 00:03:15,080 --> 00:03:18,360 Bitcoin is still hanging out, kind of just below 100K. 67 00:03:18,560 --> 00:03:22,680 Been there for well just over a week now, 10 days. 68 00:03:22,680 --> 00:03:24,160 Looks like we're heading up to WE. 69 00:03:24,200 --> 00:03:26,920 We broke below that level on the 1st of the month. 70 00:03:27,480 --> 00:03:30,280 Now on the 10th. The last couple days have been 71 00:03:30,280 --> 00:03:33,000 slightly more green. It looked like we're about to 72 00:03:33,000 --> 00:03:38,280 head lower yesterday and then we kind of bounced from A95K area. 73 00:03:39,320 --> 00:03:42,520 Salon has been slightly outperforming over the last 24 74 00:03:42,520 --> 00:03:46,240 hours. Bitcoin dominance is still up 75 00:03:46,240 --> 00:03:51,800 around 6062% though. So yeah, still still feels like 76 00:03:52,400 --> 00:03:56,000 not a great market, at least for alts on a broad, broad basis. 77 00:03:56,880 --> 00:04:01,000 Over the weekend, you just again increase, I would say in the 78 00:04:01,000 --> 00:04:04,920 velocity of memes. If if you literally logged off 79 00:04:04,920 --> 00:04:09,480 on Friday and came back today, you might just have not realized 80 00:04:09,480 --> 00:04:11,920 what's been going on. But memes just go to like 300 81 00:04:11,920 --> 00:04:14,960 million and then zero within the space of a few hours. 82 00:04:14,960 --> 00:04:19,200 It feels like in this market and that's kind of how people are 83 00:04:19,200 --> 00:04:22,400 adapting a lot. We it's all red in the number of 84 00:04:22,400 --> 00:04:24,920 like the left curve stuff for the majority of the weekend. 85 00:04:24,920 --> 00:04:28,000 Stuff is bouncing again this morning, but it feels like 86 00:04:28,000 --> 00:04:31,400 people are still very worried to own anything for more than a few 87 00:04:31,400 --> 00:04:34,680 hours this weekend. I mean, I'm sure we're going to 88 00:04:34,680 --> 00:04:36,960 talk with Tyler, but there was 3 or 4 different runners. 89 00:04:37,920 --> 00:04:41,240 One of them went to all the way up to nearly a billion dollars 90 00:04:42,280 --> 00:04:46,120 and the other? One it it kissed it, that was. 91 00:04:46,520 --> 00:04:49,640 Crazy other ones all went up to hundreds of millions. 92 00:04:50,520 --> 00:04:53,160 Huge volume in them. So the trenches are not dead, 93 00:04:54,160 --> 00:04:58,680 it's just that people are very, very, very wary of of holding on 94 00:04:58,680 --> 00:05:01,760 to coins it feels like, which is not a very nice environment I 95 00:05:01,760 --> 00:05:04,320 think for a lot of people. You know, a lot of people don't 96 00:05:04,320 --> 00:05:06,720 want to have to be looking at stuff 24/7. 97 00:05:06,720 --> 00:05:09,120 They want to be able to chill for like a few hours. 98 00:05:09,520 --> 00:05:15,000 So what we've seen is a big move again towards stables, towards 99 00:05:15,040 --> 00:05:19,720 majors, Bitcoin dominance going higher just because I think 100 00:05:19,720 --> 00:05:22,640 people are losing money or they recognize they don't have much 101 00:05:22,640 --> 00:05:25,880 of an edge in in this market unless you're there like 24/7. 102 00:05:26,880 --> 00:05:31,280 Interestingly, yeah, we did see soul stable coin supply flip 103 00:05:32,240 --> 00:05:35,320 meme coins. Now what does that even mean? 104 00:05:35,320 --> 00:05:36,400 Yeah. What does that mean? 105 00:05:37,320 --> 00:05:44,640 Before in November, sole stable coins was about $3 billion and 106 00:05:44,640 --> 00:05:48,560 sole memes are about 24 or $23 billion. 107 00:05:48,960 --> 00:05:52,400 So so you have can. You repeat those numbers. 108 00:05:53,320 --> 00:05:57,160 So right now they are. We can bring them up. 109 00:05:57,480 --> 00:06:01,000 It's a 12 stole stole stable coins. 12 billion. 110 00:06:01,480 --> 00:06:04,640 Yeah, and memes are 11 in November. 111 00:06:05,240 --> 00:06:11,360 Stable coins were about around 3:00 and memes are about 2425. 112 00:06:11,560 --> 00:06:15,640 My God so memes are down 50% while stable cone supply is up 113 00:06:15,640 --> 00:06:18,480 like 4X. Exactly, so this used to be 114 00:06:18,480 --> 00:06:20,520 about 6-7 X difference between the two of them. 115 00:06:20,880 --> 00:06:24,760 My goodness. And what we've seen is people 116 00:06:24,760 --> 00:06:29,680 have pummelled those LP's and seemingly moved to stables. 117 00:06:29,680 --> 00:06:33,360 So Seoul TBL actually hasn't changed like a huge amount over 118 00:06:33,360 --> 00:06:36,920 this period, but you've just seen a movement away from meme 119 00:06:36,920 --> 00:06:40,960 coins and and mainly into stables. 120 00:06:41,160 --> 00:06:44,120 So very interesting dynamic there. 121 00:06:44,880 --> 00:06:49,680 Obviously this is a market and to be clear, 3 billion of that 122 00:06:49,680 --> 00:06:52,760 is come from Trump. So that figure is really. 123 00:06:52,760 --> 00:06:54,240 So it's. Really not that much. 124 00:06:54,520 --> 00:06:58,480 It's really like 8 billion. So you've really seen here is is 125 00:06:58,560 --> 00:07:03,720 is soul memes, assuming Trump hadn't come, have gone from 2324 126 00:07:03,720 --> 00:07:08,680 billion down to 8 and stables have gone from three up to 12. 127 00:07:10,560 --> 00:07:16,040 So a really crazy move that now I personally think at this stage 128 00:07:16,040 --> 00:07:17,040 that's pretty. Bullish. 129 00:07:18,600 --> 00:07:23,520 Yeah, it's very bottomy, right? Yeah, stables on Ether are much 130 00:07:23,520 --> 00:07:26,720 higher, but they they it's a normally chickens on ether, 131 00:07:26,720 --> 00:07:28,840 right. Whereas the majority of the 132 00:07:28,840 --> 00:07:32,320 money on Solana, it's casino money. 133 00:07:32,480 --> 00:07:37,080 Like it's, it's used, it's yeah, it's all, it's been casino style 134 00:07:37,080 --> 00:07:39,880 money. So it's just a very interesting 135 00:07:39,880 --> 00:07:43,240 term that like people are just don't see value in in meme coins 136 00:07:43,440 --> 00:07:45,000 anymore. You know what? 137 00:07:45,000 --> 00:07:49,640 Bunk and Trump are nearly 50% of that figure together. 138 00:07:50,440 --> 00:07:52,440 Well, no, remember, because I just said Trump. 139 00:07:52,600 --> 00:07:55,920 That's excluding Trump I. Just oh, the 11 billion figure 140 00:07:55,920 --> 00:07:59,000 excludes Trump are ready. No, no, that includes Trump. 141 00:07:59,440 --> 00:08:00,400 No. So that's what I'm saying. 142 00:08:00,400 --> 00:08:01,800 So right. Yeah, yeah. 143 00:08:01,800 --> 00:08:03,120 It's just sorry, it's the 11 figure. 144 00:08:03,120 --> 00:08:05,760 It's a third of it. It's a third of it is just Trump 145 00:08:05,840 --> 00:08:08,200 bonk. Wow, 40% of it. 146 00:08:08,200 --> 00:08:10,440 Yeah, it is. It is pretty wild. 147 00:08:11,080 --> 00:08:14,200 And just to, to to put that again in perspective, just Wiff 148 00:08:14,200 --> 00:08:19,000 and Bonk were worth 10 billion back in November together. 149 00:08:19,360 --> 00:08:22,440 But with for 7 billion for a hot second on all the meme. 150 00:08:22,800 --> 00:08:25,080 Coins. All the meme coins on on Solana 151 00:08:25,440 --> 00:08:30,240 are now worth less 20% less than just WYFF and bonk were worth in 152 00:08:30,400 --> 00:08:33,919 in OK lose Trump right? So it's it. 153 00:08:35,039 --> 00:08:37,880 I mean these are figures. Everyone has felt this for a 154 00:08:37,880 --> 00:08:40,440 while. But if figures probably at this 155 00:08:40,440 --> 00:08:44,400 stage make you understand like how bottom me this has started 156 00:08:44,400 --> 00:08:49,040 to become or like how bad this is this has become. 157 00:08:49,120 --> 00:08:51,880 P9 is 170 M. Right. 158 00:08:51,880 --> 00:08:53,760 Exactly. That was 2 1/2 billion back in 159 00:08:53,760 --> 00:08:56,480 November, so. You could you just. 160 00:08:56,480 --> 00:08:58,840 Forget like how high some of these things were. 161 00:09:00,640 --> 00:09:06,480 It was a really crazy time. Then Bonk with peanut pop cat 162 00:09:06,480 --> 00:09:12,960 was 2 right It yeah, a really, really crazy, crazy move across 163 00:09:12,960 --> 00:09:17,880 the board there. So I, I think, I think this 164 00:09:17,880 --> 00:09:22,720 week, I mean, we can continue to pummel these coins, but I, I 165 00:09:22,720 --> 00:09:25,080 also think that people will probably return a little bit 166 00:09:25,080 --> 00:09:29,680 more just because the pace, it's gone even quicker than when it 167 00:09:29,680 --> 00:09:32,040 was with Trump, right? Like the pace of memes. 168 00:09:32,120 --> 00:09:35,440 I actually think it's like hours now or minutes you have. 169 00:09:35,760 --> 00:09:37,000 You. You're not on it. 170 00:09:37,160 --> 00:09:38,640 You're out. Yeah. 171 00:09:39,040 --> 00:09:41,120 Don't even try. Like you're just not in. 172 00:09:41,120 --> 00:09:41,880 You're out. You. 173 00:09:42,000 --> 00:09:45,640 Know so so and I think people in that world will realize that 174 00:09:45,640 --> 00:09:50,240 like yeah it's then there may be some value again here. 175 00:09:50,240 --> 00:09:52,480 This does feel a little bit bottomy when I saw that sort of 176 00:09:52,480 --> 00:09:56,480 figure right like how down but how much those stables are those 177 00:09:56,480 --> 00:09:58,800 stables will will eventually return to the casino in my 178 00:09:58,800 --> 00:10:01,280 opinion or a lot of them will be dragged back into the casino. 179 00:10:01,280 --> 00:10:05,840 So I, I, I quite like a few more of the risky bits of the market 180 00:10:05,840 --> 00:10:09,320 here, but let's let's see what happens. 181 00:10:09,680 --> 00:10:14,080 And then it's. Like bigger, bigger news, 182 00:10:14,760 --> 00:10:18,760 Bitcoin, Bitcoin adoption just just continues to skyrocket. 183 00:10:19,240 --> 00:10:23,720 This weekend we had, well, today we had Japan approving a bunch 184 00:10:23,720 --> 00:10:26,320 of Bitcoin ETFs and lowering crypto taxes. 185 00:10:27,600 --> 00:10:30,440 That that's huge. I mean, Japan moving towards, 186 00:10:31,880 --> 00:10:33,920 it's a very, very big thing in my opinion. 187 00:10:35,400 --> 00:10:39,160 Metaplanet, which is kind of their answer to MicroStrategy is 188 00:10:39,160 --> 00:10:44,360 committed to buying 21,000 Bitcoin over until 2026. 189 00:10:45,520 --> 00:10:48,280 And then you've had now I think Tyler mentioned over the 190 00:10:48,280 --> 00:10:52,080 weekend, 22 states, 22 states have now proposed Bitcoin 191 00:10:52,080 --> 00:10:54,880 reserve bills. And then you had various from 192 00:10:54,880 --> 00:10:57,320 people coming in and Klarna, which is probably one of the 193 00:10:57,320 --> 00:11:01,040 bigger ones has come in and accepted Bitcoin payments. 194 00:11:01,040 --> 00:11:05,680 So you're seeing adoption there across wow trees, states, 195 00:11:06,080 --> 00:11:09,600 companies. I think the University of Austin 196 00:11:09,720 --> 00:11:12,560 even did a Bitcoin going to buy 5 million of Bitcoin like. 197 00:11:12,840 --> 00:11:14,960 In I love that. Yeah. 198 00:11:14,960 --> 00:11:16,760 So it's going to be a big, big move. 199 00:11:17,280 --> 00:11:20,560 So this this is like disconnect, which I think a lot of people 200 00:11:20,560 --> 00:11:23,600 continue to point to between Bitcoin. 201 00:11:24,760 --> 00:11:29,240 Well, I would say institutional crypto and crypto Twitter 202 00:11:29,360 --> 00:11:32,520 disconnect, which was a tweet, was it, you tell, I know I 203 00:11:32,520 --> 00:11:36,720 retweeted it, but it was Matt Hoogan from Bitwise that tweeted 204 00:11:36,720 --> 00:11:38,040 last week. I think that may have brought up 205 00:11:38,040 --> 00:11:41,400 Friday or some shit on the show, but it was it's this one, right, 206 00:11:41,400 --> 00:11:42,320 man, that's the point you're making. 207 00:11:42,640 --> 00:11:44,960 There's an absolutely massive disconnect between retail and 208 00:11:44,960 --> 00:11:46,560 professional sentiment in crypto right now. 209 00:11:46,960 --> 00:11:49,440 Retail sentiment is the worst it's been in years, while 210 00:11:49,440 --> 00:11:51,720 professional investors are extraordinarily bullish. 211 00:11:52,080 --> 00:11:54,040 It's like living in two completely separate worlds. 212 00:11:54,240 --> 00:11:57,880 And I think this is a sentiment you like us 3 have kind of been 213 00:11:58,160 --> 00:12:00,960 feeling and we talk about it a lot like we feel very bullish, 214 00:12:00,960 --> 00:12:03,800 all of us, and we see this and I feel like a lot of CTS feeling 215 00:12:03,800 --> 00:12:07,680 very bearish, right? So I think this was a good kind 216 00:12:07,680 --> 00:12:11,760 of like TLDR of how the the state of the affairs you're in 217 00:12:11,760 --> 00:12:13,480 crypto. Yeah, it's tough. 218 00:12:13,560 --> 00:12:18,160 I mean, so you, you've got a retail buddy who learns you're 219 00:12:18,160 --> 00:12:19,760 in crypto and then he asks you what to buy. 220 00:12:19,960 --> 00:12:23,000 And if you tell him Bitcoin, he just kind of looks the other way 221 00:12:23,000 --> 00:12:26,120 just because it's like, all right, maybe he's got 5K to 222 00:12:26,120 --> 00:12:28,000 invest and he doesn't want to buy. .5. 223 00:12:28,000 --> 00:12:30,240 Bitcoin So what they do is they go down the risk curve. 224 00:12:30,800 --> 00:12:33,840 Anyone who bought Trump on central exchanges is down. 225 00:12:34,560 --> 00:12:37,080 Everyone. Anyone who bought Portnoy's coin 226 00:12:37,080 --> 00:12:40,000 on Kraken yesterday is down a lot now. 227 00:12:41,040 --> 00:12:42,880 So like that just keeps happening. 228 00:12:43,920 --> 00:12:47,720 And so anyone who's the main coin streaks from retail is 229 00:12:47,720 --> 00:12:49,720 getting is getting hurt pretty bad. 230 00:12:50,360 --> 00:12:52,920 And now they just, they're just kind of turning away. 231 00:12:52,920 --> 00:12:54,880 I feel like it's kind of what's happening. 232 00:12:55,080 --> 00:12:58,800 What solves this? I saw a few conversations on the 233 00:12:58,800 --> 00:13:01,040 timeline regarding how it's changing to list faster. 234 00:13:02,080 --> 00:13:04,880 Like like people were giving hyper liquid a lot of kudos the 235 00:13:04,880 --> 00:13:06,280 other day. What was the coin you listed 236 00:13:06,280 --> 00:13:11,560 right away that the more volume than the Binance doesn't mean 237 00:13:11,560 --> 00:13:15,640 coin got listed Friday. Big one TST it was in TST but we 238 00:13:15,640 --> 00:13:17,480 should talk about TST too. By the way, what the fuck? 239 00:13:19,920 --> 00:13:24,680 Hyper liquid was very quick to list the coin on Friday and it 240 00:13:24,680 --> 00:13:26,800 was doing more per volume and hyper liquid on Binance. 241 00:13:27,080 --> 00:13:30,280 First it was Berra. Sorry, that's not a meme coin I 242 00:13:30,280 --> 00:13:32,000 guess so it does not count. But yes it was better. 243 00:13:32,160 --> 00:13:34,000 But I guess still similar examples. 244 00:13:34,000 --> 00:13:36,520 Like people were talking a lot again about how mean exchange 245 00:13:36,520 --> 00:13:38,040 needs to be faster on the listing side. 246 00:13:38,560 --> 00:13:41,280 Like how do we fix this because retail continues to get wrecked 247 00:13:41,280 --> 00:13:44,760 or retail just needs to adopt Moon shot only and moon shot did 248 00:13:44,760 --> 00:13:47,080 pass Coinbase this weekend in the top App Store. 249 00:13:48,880 --> 00:13:49,840 Like what's the solution to this? 250 00:13:49,840 --> 00:13:52,120 Right? Retail continues to take ALS. 251 00:13:55,040 --> 00:13:58,000 Yeah, I don't, I don't know the answer necessarily. 252 00:13:58,400 --> 00:14:00,960 It's tough right? Should the exchanges have an arm 253 00:14:00,960 --> 00:14:04,280 that's like cracking plus or Coinbase plus? 254 00:14:04,280 --> 00:14:05,480 I don't know. I'm just trying to think like 255 00:14:05,600 --> 00:14:09,880 that auto lists things or auto indexes auto like or but then 256 00:14:09,880 --> 00:14:11,440 what's happening on the regulatory side with the 257 00:14:11,440 --> 00:14:12,680 exchange like how do we fix this? 258 00:14:13,200 --> 00:14:15,040 Well, that's. Been saying right. 259 00:14:15,080 --> 00:14:16,720 They basically said we should just list everything. 260 00:14:17,360 --> 00:14:20,480 We can just list Coinbase. Oh, did they say that? 261 00:14:20,920 --> 00:14:23,960 Brian Armstrong said he wants to move to try and list everything 262 00:14:24,120 --> 00:14:25,080 it. Should be a dex. 263 00:14:25,160 --> 00:14:26,960 It should be like a dex. Everything's there. 264 00:14:27,520 --> 00:14:30,320 You trade through, you trade through Coinbase wallet on 265 00:14:30,320 --> 00:14:33,520 Coinbase to to if you want to buy DEX coin. 266 00:14:35,880 --> 00:14:38,480 So yeah, that's what they said. They'd still be some sort of. 267 00:14:38,960 --> 00:14:40,200 They'd still be obviously, like a. 268 00:14:40,200 --> 00:14:41,760 Well, like a trick list like on Jupiter. 269 00:14:42,280 --> 00:14:45,000 Yeah, there'd be an on boarding process to get onto the actual 270 00:14:45,240 --> 00:14:51,360 main sex, but but the the the idea is that anyone should be 271 00:14:51,400 --> 00:14:54,720 able, you should be able to trade any coin on Binance or 272 00:14:54,760 --> 00:14:58,640 Coinbase. They should have like a dex arm. 273 00:14:58,640 --> 00:15:03,480 Does that make sense guys? Like I mean, or we just start 274 00:15:03,480 --> 00:15:06,440 supporting moon shot and all these apps more and Jupiter and 275 00:15:06,440 --> 00:15:09,200 shit like that and Phantom like I think. 276 00:15:09,600 --> 00:15:11,240 You're aware of this? I do. 277 00:15:11,360 --> 00:15:15,120 I think they they actually, they see suddenly that their biggest 278 00:15:15,120 --> 00:15:19,800 threat right now is that dex volumes are soaring even while 279 00:15:19,800 --> 00:15:23,360 sex volumes are not going absolutely crazy and the 280 00:15:23,360 --> 00:15:25,920 majority of users are suddenly on chain. 281 00:15:26,440 --> 00:15:29,720 Yeah. Nobody wants to get wrecked also 282 00:15:29,720 --> 00:15:32,600 by market makers on a sex, you know what I mean? 283 00:15:32,680 --> 00:15:35,400 Like let's look at far coin. Far coin is like arguing like 284 00:15:35,400 --> 00:15:38,000 the most popular meme right now. Let's say put it that way, like 285 00:15:38,440 --> 00:15:41,320 or like in terms of like that we can compare to like you have the 286 00:15:41,400 --> 00:15:46,000 24 hour volume sex one O 8 million, the X 120 mil even sex. 287 00:15:46,000 --> 00:15:48,680 I'm surprised that far coin is $108 million on sex, like which 288 00:15:48,680 --> 00:15:50,960 sex they're doing that on. So you know what I mean. 289 00:15:52,400 --> 00:15:54,720 So I think it speaks for it speaks volumes to that. 290 00:15:55,720 --> 00:15:57,520 Can you click the sex? What sex anyways? 291 00:15:58,160 --> 00:16:02,280 My volume. It's doing big get 15,000,000 a 292 00:16:02,280 --> 00:16:07,600 Kraken 5 Kucoin 11 Mexi 15 gate, so gate dot IO actually does so 293 00:16:07,600 --> 00:16:10,120 gate dot IO has become like really big this this last few 294 00:16:10,120 --> 00:16:12,040 months. They're consistently one of the 295 00:16:12,040 --> 00:16:16,520 highest exchange volumes in the game, top five S 42. 296 00:16:17,640 --> 00:16:19,720 No color on if it's market makers and stuff like this, but 297 00:16:19,720 --> 00:16:21,040 I don't think so. But what's happened? 298 00:16:21,280 --> 00:16:23,560 With this jail still token. Sorry, I just interrupt you. 299 00:16:24,000 --> 00:16:25,840 But I think we should get there. Do we? 300 00:16:26,040 --> 00:16:27,640 Do we want to go to Tyler? Are you done, Manda? 301 00:16:27,640 --> 00:16:30,560 We can start with jail still. That's what people are saying. 302 00:16:30,840 --> 00:16:33,200 I don't even know it's speed right to. 303 00:16:33,200 --> 00:16:37,040 Zero right now. I don't think so. 304 00:16:37,160 --> 00:16:40,000 I can explain what do we want to go right to or do you want? 305 00:16:40,520 --> 00:16:51,280 To get an 80 down 81% as. The last 24 hours. 306 00:16:55,200 --> 00:16:57,000 Yeah, we'll run through some headlines real quick and then 307 00:16:57,000 --> 00:16:59,320 talk about jail stool. But some big news over the 308 00:16:59,320 --> 00:17:02,040 weekend crypto majors First off green this morning despite 309 00:17:02,040 --> 00:17:04,160 tariff concerns, Bitcoin leading the way. 310 00:17:04,520 --> 00:17:07,640 Japan's Financial Services Agency to revise their crypto 311 00:17:07,640 --> 00:17:12,040 policy and lift their ban on crypto and ETFs huge news 312 00:17:12,280 --> 00:17:16,640 Metaplanet sharing plans to buy 21,000 Bitcoin by 2026. 313 00:17:16,920 --> 00:17:20,160 That is a believe the Japanese version of MicroStrategy. 314 00:17:20,160 --> 00:17:24,480 Sailor meanwhile, bought another 7600 Bitcoin, $740 million. 315 00:17:24,480 --> 00:17:27,880 So he's back and buying big FTX. They're going to start repaying 316 00:17:27,880 --> 00:17:30,680 customers February 18th. That is next Tuesday. 317 00:17:30,680 --> 00:17:33,440 Those Stemies are coming. As many I mentioned, 22 United 318 00:17:33,440 --> 00:17:36,280 States have now proposed a strategic Bitcoin reserve bill. 319 00:17:36,280 --> 00:17:40,640 Utah along University of Austin bought $5 million of Bitcoin. 320 00:17:40,640 --> 00:17:42,920 Notably, this is what they said I'm quoting. 321 00:17:43,120 --> 00:17:46,560 We don't want to be left behind. That is going to be the mantra 322 00:17:46,680 --> 00:17:49,760 of everyone who capitulates in over the coming months. 323 00:17:50,480 --> 00:17:53,760 And token AirDrop and protocol news Pump Fun reportedly 324 00:17:53,760 --> 00:17:57,440 planning to launch a token, may adopt A Dutch auction model. 325 00:17:57,440 --> 00:17:59,640 This is all according to the Wu blockchain account. 326 00:17:59,680 --> 00:18:03,800 Allen has not confirmed this, but some big speculation there. 327 00:18:04,240 --> 00:18:07,760 Myriad smashing new records, 25,000 sign ups yesterday, 328 00:18:07,760 --> 00:18:11,400 82,000 union visitors on Sunday. Ahead of those upcoming USDC 329 00:18:11,480 --> 00:18:13,560 markets. We're excited for those in hyper 330 00:18:13,560 --> 00:18:15,440 liquid. You look at the hyper liquid 331 00:18:15,440 --> 00:18:18,760 market share and perps, they are eating the market. 332 00:18:18,760 --> 00:18:23,480 They passed 50 in the past week. AI, crypto overall market cap 333 00:18:23,480 --> 00:18:26,080 $6.9 billion. Most leaders are actually up 334 00:18:26,080 --> 00:18:29,480 about 10 to 25% on the day, but they're pretty volatile. 335 00:18:29,480 --> 00:18:33,400 They're kind of just going back and forth this accelerate now. 336 00:18:33,400 --> 00:18:36,680 They launched their 2025 road map focused on building their 337 00:18:36,680 --> 00:18:40,160 accelerator tokenomics and partnerships and then totally 338 00:18:40,160 --> 00:18:43,000 plugged this new Whispers AI product with the tagline they 339 00:18:43,000 --> 00:18:45,360 put they put crypto into the phone lines. 340 00:18:45,760 --> 00:18:48,480 That did lead to surge, lead to a surge in the WISP token, 341 00:18:48,480 --> 00:18:52,000 though it has since reversed a bit in memes. 342 00:18:52,440 --> 00:18:54,880 Let's see meme coin leaders were actually read this morning. 343 00:18:54,880 --> 00:18:58,320 The jail stool token is taking over the timeline it's tied to 344 00:18:58,320 --> 00:19:02,040 De Portnoy briefly hit $200 million yesterday. 345 00:19:02,240 --> 00:19:06,640 It's now at 36 million after a spaces this morning where he 346 00:19:06,640 --> 00:19:10,320 apparently said he is still considering own token. 347 00:19:10,320 --> 00:19:15,160 The market did not like that. We saw this pain token trade 348 00:19:15,160 --> 00:19:18,320 near 400 million on premarkets, of course, on low volume. 349 00:19:18,600 --> 00:19:21,720 Take it with a grain of salt but that would be a huge return for 350 00:19:21,720 --> 00:19:25,760 pre sailors and then this nation state memcoins. 351 00:19:25,960 --> 00:19:28,800 Cao. That was quite the debacle. 352 00:19:28,800 --> 00:19:30,440 But that is the coin that ranched here. 353 00:19:30,440 --> 00:19:32,640 A billion yesterday. It was heavily bundled. 354 00:19:32,960 --> 00:19:34,880 A lot of red flags tied to this one. 355 00:19:34,960 --> 00:19:40,720 I'm not if it's real or not, but it's trading like it's not real 356 00:19:41,840 --> 00:19:43,200 that way. I mean, given the latest 357 00:19:43,200 --> 00:19:45,280 information, I think we could almost assume it's not, But it 358 00:19:45,280 --> 00:19:46,440 was. I got to tell you guys, and I 359 00:19:46,440 --> 00:19:48,240 want to talk about just so. But that one was funny for me 360 00:19:48,240 --> 00:19:50,240 because, like, it was an African nation and like, the whole 361 00:19:50,240 --> 00:19:52,960 speech was in French and like, it was just hilarious. 362 00:19:52,960 --> 00:19:54,960 Like I was just listening to the thing, like just dying. 363 00:19:55,080 --> 00:19:56,920 He's our country. Help us? 364 00:19:57,040 --> 00:19:58,480 Yeah, Help us understand why was it so funny? 365 00:19:59,000 --> 00:20:01,280 It's just like. I don't know, like, because when 366 00:20:01,280 --> 00:20:04,440 you grew up in France and like in French system school, like 367 00:20:04,640 --> 00:20:06,800 you study, you get taught like all the like the different 368 00:20:06,800 --> 00:20:08,960 African nations and the study of like all this stuff. 369 00:20:09,240 --> 00:20:12,320 And it's just like the guy comes on and does this like speech 370 00:20:12,320 --> 00:20:15,160 that's like just like, so I don't explain it. 371 00:20:15,160 --> 00:20:18,640 Like I was trying all night long to find comparisons so that you 372 00:20:18,640 --> 00:20:20,920 guys could understand like what it would feel like it's like, 373 00:20:21,160 --> 00:20:25,240 but like there's no comparison. Like it was just so, so, so 374 00:20:25,240 --> 00:20:26,640 funny because it's like, you know, there's a lot of 375 00:20:26,640 --> 00:20:28,360 corruption in some nations out there. 376 00:20:28,680 --> 00:20:31,040 And like it just sounded like the guy was just straight up 377 00:20:31,040 --> 00:20:33,040 committing like a crime while he was speaking. 378 00:20:33,280 --> 00:20:34,760 Like I just, it was, it was like that. 379 00:20:34,760 --> 00:20:37,080 Like it was just like, it sounded like the country was 380 00:20:37,080 --> 00:20:39,880 like getting ready to rug crypto folks for fun. 381 00:20:39,880 --> 00:20:41,960 Like I don't know. But it's but now I don't know. 382 00:20:41,960 --> 00:20:43,640 Maybe it is deep fake AI, whatever. 383 00:20:43,640 --> 00:20:45,720 The background clearly was fake. Like you could tell it was like 384 00:20:45,720 --> 00:20:47,400 fading. It was like 1 of Mando's 385 00:20:47,400 --> 00:20:49,720 backgrounds like this like looks real, but when he moves, like 386 00:20:49,720 --> 00:20:51,200 you can tell it's not a real background. 387 00:20:51,840 --> 00:20:54,000 But I don't know, I thought it was hilarious. 388 00:20:55,080 --> 00:20:57,240 And that went to a billion. That was like speed racing to 389 00:20:57,240 --> 00:20:58,520 zero. We should talk about all of 390 00:20:58,520 --> 00:21:00,280 them. There was big balls jails. 391 00:21:00,280 --> 00:21:02,280 Tool and thing. Let's start with jail tool 392 00:21:02,280 --> 00:21:05,440 though, because people are listening to us now and this is 393 00:21:05,440 --> 00:21:09,920 happening right now. What's going on here? 394 00:21:09,920 --> 00:21:12,680 I'm I'm seeing some tweets from Easy and everyone, I mean, 395 00:21:12,680 --> 00:21:15,120 they've been at war with Yeah, so. 396 00:21:15,760 --> 00:21:18,240 What's 200 million yesterday? Couldn't really get past that 397 00:21:18,240 --> 00:21:20,280 level. Dave said he was going to do a 398 00:21:20,280 --> 00:21:24,080 halftime show, halftime spaces. The token kind of chopped around 399 00:21:24,080 --> 00:21:27,960 100 million until his show. The announcement, he didn't 400 00:21:27,960 --> 00:21:29,360 really have a huge announcement really. 401 00:21:29,360 --> 00:21:33,400 I think the token got listed on Kraken within 24 hours. 402 00:21:33,400 --> 00:21:35,000 It had 100,000 holders in 24 hours. 403 00:21:35,000 --> 00:21:38,120 So it, I mean, a lot of people did jump into this thing. 404 00:21:38,720 --> 00:21:40,680 I did not listen to the space this morning. 405 00:21:40,720 --> 00:21:43,720 From what I have gathered from folks who were listening, 406 00:21:43,720 --> 00:21:47,600 basically he was kind of railing on crypto Twitter saying most 407 00:21:47,600 --> 00:21:51,000 people are are just idiots cry babies. 408 00:21:51,440 --> 00:21:54,760 And then he also mentioned that he still is thinking about doing 409 00:21:54,760 --> 00:21:58,560 his own coin and folks did not like. 410 00:21:58,560 --> 00:22:02,200 That let's listen to this this this some DDTG, right? 411 00:22:02,480 --> 00:22:05,960 Oh, oh, oh, OK, OK, hold on, hold on, hold on. 412 00:22:05,960 --> 00:22:07,800 Let's what what is going on here? 413 00:22:07,800 --> 00:22:10,000 It looks like there was a crash out moment here on the stream. 414 00:22:10,080 --> 00:22:17,520 Let's see. We can't hear it, but. 415 00:22:29,800 --> 00:22:34,400 So, so the the list, the spaces heard it right. 416 00:22:34,960 --> 00:22:37,160 It's YouTube that couldn't hear or or nobody heard it. 417 00:22:37,920 --> 00:22:40,440 I I'm not sure. I know he. 418 00:22:41,040 --> 00:22:42,800 Was going off on choose Rich. He's calling. 419 00:22:42,800 --> 00:22:44,320 Choose Rich's scumbag for like calling. 420 00:22:44,600 --> 00:22:47,520 Choose Rich's scumbag saying that all Nick is texting him on 421 00:22:47,520 --> 00:22:49,440 the side offering to suck his Dick. 422 00:22:49,800 --> 00:22:52,560 That's not me saying it. I'm just repeating what David 423 00:22:52,560 --> 00:22:56,160 said before you come in and and stuff like that. 424 00:22:57,320 --> 00:22:58,920 Fantastic. So I mean. 425 00:22:59,240 --> 00:23:02,440 Good vibes guys, good. Vibes well, let's let's clearly 426 00:23:02,440 --> 00:23:05,560 say so I think there's people are asking did he rug like by 427 00:23:05,560 --> 00:23:07,480 definition of rugging? No, I don't think he did by. 428 00:23:07,480 --> 00:23:09,880 Definition did not rug. I don't believe that he's sold 429 00:23:09,880 --> 00:23:12,240 any. Unless he's sold. 430 00:23:13,480 --> 00:23:16,360 And again, I am not, I don't have his wallets pulled up, but 431 00:23:16,360 --> 00:23:18,360 I'm pretty sure that if he would have sold like this thing would 432 00:23:18,360 --> 00:23:22,360 be at 0, not 40. It's down 7%, but. 433 00:23:22,840 --> 00:23:26,520 The one thing I would say is I this is my favorite way so far 434 00:23:26,800 --> 00:23:28,240 of celebrities getting into crypto. 435 00:23:28,240 --> 00:23:32,760 I have to say that, which is like adopting an existing token. 436 00:23:32,760 --> 00:23:35,040 Yeah, but what happened, Mando is on that DDTG. 437 00:23:35,520 --> 00:23:38,440 So he did it everything, I guess you could argue right so far. 438 00:23:38,840 --> 00:23:40,560 And then he says he may he's still thinking about launching 439 00:23:40,560 --> 00:23:42,240 his coin, which is why it's just. 440 00:23:42,240 --> 00:23:43,160 Tanked. That's an issue, yeah. 441 00:23:43,720 --> 00:23:46,120 But This is why this by the way, this this is because of that, 442 00:23:46,120 --> 00:23:49,360 right Tyler, you create me from. The sell off start selling 443 00:23:49,360 --> 00:23:50,440 office. He was just like kind of being 444 00:23:50,440 --> 00:23:52,160 an asshole on the stream on this. 445 00:23:52,440 --> 00:23:55,120 He has been quite a I have to say, and I'm I'm calling for 446 00:23:55,120 --> 00:23:57,640 someone was a bit a fan of his like I was like I was telling 447 00:23:57,640 --> 00:23:59,120 Tyler earlier this morning, like 2020. 448 00:23:59,120 --> 00:24:02,800 I notification on Dave following AM CGMEI was a moon boy with 449 00:24:02,800 --> 00:24:05,280 Dave Portnoy, listen to every DDTGI had it all and like 450 00:24:05,280 --> 00:24:07,120 whatever that's called Dave Portnoy like that. 451 00:24:07,120 --> 00:24:09,640 Like I like the guy. I'm a huge fan of Barstool 452 00:24:09,640 --> 00:24:12,160 Sports and the business model, which is really cool in media, 453 00:24:12,720 --> 00:24:14,840 but like he's been kind of a Dick to the crypto community 454 00:24:14,840 --> 00:24:18,120 guys. Like he's kind of been like, you 455 00:24:18,120 --> 00:24:20,480 know, I want. To talk about the methods. 456 00:24:20,480 --> 00:24:22,320 So like I actually agree with Mando. 457 00:24:22,320 --> 00:24:23,360 That's part of the reason why I bought it. 458 00:24:23,360 --> 00:24:26,600 In disclosure, I I did buy in on Friday night. 459 00:24:26,600 --> 00:24:30,320 I still hold some coins down quite a bit from from where they 460 00:24:30,320 --> 00:24:33,320 were yesterday. We were bracing with a few 461 00:24:33,320 --> 00:24:36,520 folks, like, what would be the best way to launch a meet the 462 00:24:36,520 --> 00:24:38,480 Fairest way? Because everyone's concerned. 463 00:24:38,480 --> 00:24:41,160 Like if he launches, it's going to nuke all of our tokens, blah, 464 00:24:41,160 --> 00:24:43,400 blah, blah. And one idea that was someone 465 00:24:43,400 --> 00:24:46,080 pitched was you launch a token, you don't tell anyone, you let 466 00:24:46,080 --> 00:24:48,440 it die, you let all the snipers get out of it. 467 00:24:49,560 --> 00:24:52,080 And then once everything's settled, you kind of start 468 00:24:52,080 --> 00:24:54,680 running with the coin. And in some ways it's kind of 469 00:24:54,680 --> 00:24:57,760 how Jail Stool played out. Someone else launched it, 470 00:24:57,920 --> 00:25:01,160 Portnoy adopted it and started when it was a low market cap 471 00:25:02,800 --> 00:25:05,280 take out. So it ran to 10 million and then 472 00:25:05,320 --> 00:25:09,200 it it dropped 70% in the first few hours back to 3 million. 473 00:25:09,720 --> 00:25:12,760 And then he kind of came back and endorsed it like, hey, I'm 474 00:25:12,760 --> 00:25:14,760 going to run with oh, because he sold it, right? 475 00:25:14,760 --> 00:25:17,520 So he sold it said he said it was on accident. 476 00:25:17,520 --> 00:25:20,040 And then he re bought the coins and more. 477 00:25:20,040 --> 00:25:21,920 And he's like, yeah, I'm going to run with this thing. 478 00:25:22,840 --> 00:25:25,960 And then he he was kind of making it more into Saturday and 479 00:25:25,960 --> 00:25:27,560 Sunday that he was actually going to run with it more 480 00:25:27,560 --> 00:25:30,480 seriously. And that's what pushes the 200. 481 00:25:31,040 --> 00:25:33,160 It couldn't really get past the 200 number. 482 00:25:35,040 --> 00:25:37,040 And then it's like, whatever he was doing last night. 483 00:25:37,040 --> 00:25:38,840 So he launched merch. He said he was going to take the 484 00:25:38,840 --> 00:25:41,000 funds from the merch, rebuy the token. 485 00:25:41,400 --> 00:25:43,400 That didn't really move the needle too much. 486 00:25:44,360 --> 00:25:46,960 Telling you being being a meme called dev is not not for the 487 00:25:46,960 --> 00:25:49,160 faint hearted. You're doing pretty good. 488 00:25:49,160 --> 00:25:51,320 We should talk about you in a second because your your shit's 489 00:25:51,320 --> 00:25:55,640 pumping hard but. Not for the fan, but you got to 490 00:25:55,640 --> 00:25:57,600 but. Yeah, I mean, if Dave Portnoy 491 00:25:57,640 --> 00:26:00,960 can't pump a coin past 200 like. Dude, so let's let's talk about 492 00:26:00,960 --> 00:26:03,240 this guys like because you told me I I made that .2 in the 493 00:26:03,240 --> 00:26:04,960 weekend right Tyler when I was popping in and out like this, 494 00:26:04,960 --> 00:26:08,200 this 200 two 150 million mark on Solana. 495 00:26:09,160 --> 00:26:12,600 That is just like so hard. That's why I have my line here 496 00:26:12,600 --> 00:26:14,400 because I was like let's see if it reaches it one day at all 497 00:26:14,400 --> 00:26:16,480 time. I it's like impossible to beat 498 00:26:16,480 --> 00:26:19,840 to reach like it's gone. Like if you guys remember Jelly 499 00:26:19,840 --> 00:26:24,760 Jelly, like 250 dead, 220 Ms. become like extremely hard 500 00:26:24,760 --> 00:26:27,680 ceiling to pass. Because like back to the point 501 00:26:27,680 --> 00:26:29,800 Mando was making at the beginning of the show, these are 502 00:26:29,800 --> 00:26:32,080 daily tokens. These traders, like let's say 503 00:26:32,080 --> 00:26:33,920 the trading groups like Franks and stuff like that. 504 00:26:34,240 --> 00:26:36,400 These guys aren't holding past 20 and they're on to the next 505 00:26:36,400 --> 00:26:39,440 token because they're smart actually, because right, you 506 00:26:39,440 --> 00:26:41,360 don't become a community member of Dave Portnoy's. 507 00:26:42,280 --> 00:26:45,520 So I don't know, it looks like there's that's the hard, hard 508 00:26:45,520 --> 00:26:48,200 ceiling at this stage. Guys like no token managed to 509 00:26:48,200 --> 00:26:50,040 stay like even the car one. Let's talk about that for a 510 00:26:50,040 --> 00:26:52,200 second. Sure, it went higher, but you 511 00:26:52,200 --> 00:26:55,880 know, it was like 95%, like, Oh my God. 512 00:26:58,760 --> 00:27:02,760 This is a bad one. You would just have no idea. 513 00:27:02,760 --> 00:27:05,240 You would see this coin and be like, oh, OK, it's 100 million. 514 00:27:05,240 --> 00:27:08,000 That's crazy. Like it went to 900 mil. 515 00:27:08,240 --> 00:27:12,280 Those initial candles, dude, look at within 15 minutes there 516 00:27:12,280 --> 00:27:14,840 was a three. Within 45 minutes is at 300 517 00:27:14,920 --> 00:27:18,160 four, 100 million. Like I was online last night, 518 00:27:18,600 --> 00:27:20,640 this didn't cross my desk till 390. 519 00:27:20,640 --> 00:27:22,240 It was at 390. Million same. 520 00:27:22,240 --> 00:27:26,280 So 450 mil on the 75th minute, yeah. 521 00:27:27,280 --> 00:27:29,640 Thank you. What so the only people who ate 522 00:27:29,640 --> 00:27:33,120 on this one of the people, I mean Frank did he was up over he 523 00:27:33,120 --> 00:27:34,640 made I think he cleared over a million. 524 00:27:36,320 --> 00:27:38,400 The people who caught it early, they're very. 525 00:27:38,400 --> 00:27:44,600 Very bought it three days early. What did Frank do again? 526 00:27:46,280 --> 00:27:48,080 Happened to be tweeting about it three days early I. 527 00:27:49,520 --> 00:27:50,880 Don't know if this one's real or not. 528 00:27:50,880 --> 00:27:54,640 What's the definition of real? It was like it was like 95% 529 00:27:54,640 --> 00:27:56,160 bundled. So once people figured that out, 530 00:27:56,160 --> 00:27:58,840 that's kind of what pushed the second leg up, because then 531 00:27:58,840 --> 00:28:01,320 everyone's like, oh, the actual one it is. 532 00:28:01,520 --> 00:28:03,000 I got to go gents. See you. 533 00:28:03,000 --> 00:28:07,040 It's Amanda so probably so easy saying probably shouldn't have 534 00:28:07,080 --> 00:28:09,560 referred to lodge holders. Mutants also probably shouldn't 535 00:28:09,560 --> 00:28:11,760 have yapped about launching your own token right after say you 536 00:28:11,760 --> 00:28:13,920 were buying 120 K and only buying 32K. 537 00:28:13,920 --> 00:28:15,920 But you refuse to acknowledge anyone who's active in the space 538 00:28:15,920 --> 00:28:19,600 and let your ego only go trip drop the chart faster than your 539 00:28:19,600 --> 00:28:23,560 crypto credibility. I have to say, like, not a great 540 00:28:23,560 --> 00:28:27,600 look, you know? Not a great look. 541 00:28:27,600 --> 00:28:30,440 And now it's just like, how's he going to come back from this? 542 00:28:30,800 --> 00:28:32,080 Because it's. Going to be tough to. 543 00:28:32,640 --> 00:28:38,800 Buy back in and anyone who bought on Kraken is now down 544 00:28:38,800 --> 00:28:41,560 70%. Why is he doing it like this? 545 00:28:41,560 --> 00:28:43,280 Like, to be honest, you have all this support. 546 00:28:43,520 --> 00:28:44,720 Like, I know they're cracking people. 547 00:28:44,720 --> 00:28:46,360 We work with them, right? Remember they used to sponsor 548 00:28:46,360 --> 00:28:47,800 our show like before. You work with us, Tyler. 549 00:28:47,800 --> 00:28:50,720 Like, they're a really fucking amazing team. 550 00:28:51,000 --> 00:28:53,080 I talk to them all the time. I'll be community close friends, 551 00:28:54,160 --> 00:28:56,840 good people. And then he Portnoy does 552 00:28:56,840 --> 00:28:58,160 something this like he's had it all going on. 553 00:28:58,160 --> 00:29:00,240 Like remember, like it was kind of like at first like, oh fuck, 554 00:29:00,240 --> 00:29:01,760 he's pumping, dumping slow market cap. 555 00:29:01,760 --> 00:29:03,120 So maybe we could have argued that. 556 00:29:03,120 --> 00:29:07,000 Then they started planning cool stuff, not they cracking. 557 00:29:07,000 --> 00:29:10,720 They like Portnoy team. Then they did this jail stool 558 00:29:10,720 --> 00:29:13,800 thing, which you're right, by the way, Tyler, in retrospect, 559 00:29:13,800 --> 00:29:17,840 finding a debt coin, taking it over, buying supply with your 560 00:29:17,840 --> 00:29:22,440 own money, Chad, like alpha move, but then he crashes out on 561 00:29:22,440 --> 00:29:24,920 the Monday morning on the first Monday after the thing. 562 00:29:24,920 --> 00:29:27,440 Like why? Like there's no need bro. 563 00:29:28,640 --> 00:29:31,480 Yeah, that's why, I mean, I, I gave it more time because I 564 00:29:31,480 --> 00:29:33,560 wanted to see this this weekend. Yeah. 565 00:29:33,600 --> 00:29:38,000 Like it was the Super Bowl. My read was derung with the 566 00:29:38,000 --> 00:29:39,360 coin. I did not have the read that he 567 00:29:39,360 --> 00:29:41,760 was going to come out and just dunk on everyone and crash out. 568 00:29:42,000 --> 00:29:44,200 But like, why? Like also like I'm kind of like 569 00:29:45,080 --> 00:29:47,680 I like Dave, man. I like barstool so I don't want 570 00:29:47,680 --> 00:29:49,920 people think I'm hating. Just like, why do you do this? 571 00:29:49,920 --> 00:29:53,000 Like I didn't. I also love my industry, us and 572 00:29:53,000 --> 00:29:54,880 what we do better than I like barstool and Dave. 573 00:29:54,920 --> 00:29:57,960 Like I don't like how they treat us like this is like he's just 574 00:29:57,960 --> 00:30:01,480 like calling us on mutants and retards and fucking morons and 575 00:30:01,480 --> 00:30:03,200 this and then I was stupid. Like fuck you, dude. 576 00:30:03,200 --> 00:30:05,920 Like where are the people moving the needle in a new like 577 00:30:05,920 --> 00:30:06,880 paradigm? You know what I mean? 578 00:30:06,880 --> 00:30:09,040 Like, I'm tired of being dunked on by these people, you know? 579 00:30:09,760 --> 00:30:12,320 Yeah, and I've been, and it feels like it's all tied to the 580 00:30:12,320 --> 00:30:13,880 meme coin sector. Like if I'm being brutally 581 00:30:13,920 --> 00:30:14,800 honest. Of course. 582 00:30:15,200 --> 00:30:17,160 I I talk to that a lot. I trade it a lot. 583 00:30:17,160 --> 00:30:19,280 It's like that's where all a lot of the action attention has 584 00:30:19,280 --> 00:30:21,200 been. But it's definitely like 585 00:30:21,200 --> 00:30:23,880 becoming more of a black guy. Like, I can't, I can't argue 586 00:30:23,880 --> 00:30:25,920 that. It's like a non-stop dude and 587 00:30:25,920 --> 00:30:28,600 then your homies Tyler, like in the USA, obviously they all know 588 00:30:28,600 --> 00:30:30,960 Barstool Sports because barstool is the biggest fucking shit. 589 00:30:31,000 --> 00:30:33,560 Barstool is sick. I love barstool, but then like 590 00:30:33,560 --> 00:30:35,600 they listen to this and they're like, oh, these meme coin guys 591 00:30:35,600 --> 00:30:37,880 are are stupid. And then like and then they 592 00:30:37,880 --> 00:30:39,240 blame us like Nikita the other day. 593 00:30:39,240 --> 00:30:41,680 I like Nikita beer, but he's like, oh, I don't blame anyone 594 00:30:41,680 --> 00:30:43,880 for not launching meme corn. Look at how these meme corn guys 595 00:30:43,880 --> 00:30:46,720 are reacting. Maybe don't cause the thing in 596 00:30:46,720 --> 00:30:48,840 the 1st place. Like it's like pure gaslighting, 597 00:30:48,920 --> 00:30:52,040 you know, like the Jelly Jelly guys are like now blaming the 598 00:30:52,040 --> 00:30:55,240 bit, the meme corn traders for having such short. 599 00:30:55,640 --> 00:30:58,360 Yeah, no shit. You know, it's like going to the 600 00:30:58,360 --> 00:31:00,440 casino and the guy's losing his money. 601 00:31:00,440 --> 00:31:02,320 He's like, ha ha, loser. Are you saying come to the 602 00:31:02,320 --> 00:31:03,560 casino? Say what? 603 00:31:04,400 --> 00:31:07,680 You know, I don't know. This current meta with 604 00:31:07,680 --> 00:31:12,760 everything running up so far, so fast, it's just we've seen the 605 00:31:12,760 --> 00:31:14,440 mean points to do well over time, right? 606 00:31:14,440 --> 00:31:18,840 It's like the whip, whip was 16,000,000 like 3 or 4 weeks in 607 00:31:19,560 --> 00:31:22,760 and then it was 30. Then it was this these new 608 00:31:22,760 --> 00:31:25,040 metas. If you don't buy a token in the 609 00:31:25,040 --> 00:31:29,520 first hour or day, it's already at 100 or 200 million. 610 00:31:29,520 --> 00:31:32,680 And then and then at that point like there's every inters is 611 00:31:32,680 --> 00:31:37,200 going to lose 70% and then then you then no one's having fun. 612 00:31:37,240 --> 00:31:40,680 The money is just evaporating. Yesterday, 800 million, I had 613 00:31:40,680 --> 00:31:44,160 people kept texting me that I'm fading the Central African fit 614 00:31:45,040 --> 00:31:46,800 because I, you know, I tweeted yesterday I was like, oh wow, 615 00:31:46,800 --> 00:31:48,520 this thing's GDP. And then I tweeted about how 616 00:31:48,520 --> 00:31:50,840 I'm, I'm taking like a weekend off, which probably really good 617 00:31:50,840 --> 00:31:52,520 by the way, but like off trading. 618 00:31:52,520 --> 00:31:54,280 So I would only tweet and then close Twitter. 619 00:31:54,560 --> 00:31:56,600 That was my rule. I come in because I wanted to 620 00:31:56,600 --> 00:31:58,240 yap a little bit, you know what I mean? 621 00:31:58,240 --> 00:32:02,120 And then I do want to leave. And and then yesterday I was 622 00:32:02,120 --> 00:32:04,160 like, well, I miss big balls. I miss this, I make that. 623 00:32:04,160 --> 00:32:05,920 And this guy's like, what? Are you going to keep fading, 624 00:32:05,920 --> 00:32:06,880 Carl? I'm like, fuck yeah, I'm going 625 00:32:06,880 --> 00:32:08,120 to keep fading. It's 800 mil. 626 00:32:08,440 --> 00:32:10,160 I'd be fucking down so bad right now. 627 00:32:10,160 --> 00:32:12,280 How to listen to the people saying I'm fading? 628 00:32:12,920 --> 00:32:14,440 And they probably have the bag in round trip. 629 00:32:15,000 --> 00:32:17,040 So there's lessons in there, Tyler, you know? 630 00:32:18,160 --> 00:32:21,920 I was, I was similar to like I was in like we speed around the 631 00:32:21,920 --> 00:32:24,800 emotional cycle. Last week I was passed anger 632 00:32:24,800 --> 00:32:28,520 into like indifference and I was fine. 633 00:32:28,520 --> 00:32:30,640 Just like not being in the trenches and missing the runners 634 00:32:30,640 --> 00:32:33,040 of the day. And then like the port noise 635 00:32:33,040 --> 00:32:36,160 stuff happens and then I get out of my indifference and by jail 636 00:32:36,160 --> 00:32:38,520 stool and then I end up trading a little bit this weekend. 637 00:32:38,520 --> 00:32:40,560 And the reality is I would have been better just not trading 638 00:32:40,560 --> 00:32:42,880 anything. So and, and, and then I'll end 639 00:32:42,880 --> 00:32:44,320 up with that. Then you also have a mental 640 00:32:44,320 --> 00:32:46,840 strain and it's Monday morning. You got to work all week. 641 00:32:47,200 --> 00:32:49,200 You know what I mean? It's like I'm using an example 642 00:32:49,200 --> 00:32:50,800 because you're saying you, but like, that's the thing for me, 643 00:32:50,800 --> 00:32:53,040 it's like I wake up Monday, then like I have a business to run. 644 00:32:53,040 --> 00:32:55,080 You work too. Some people do this as a living. 645 00:32:55,080 --> 00:32:56,080 It's fine. Like that's all they do meme 646 00:32:56,080 --> 00:32:57,440 coin training. But like imagine wake up on a 647 00:32:57,440 --> 00:32:59,960 Monday burned from the Saturday Sunday you lost money or a round 648 00:32:59,960 --> 00:33:03,720 trip and you fucking and now you have to go to work for five days 649 00:33:03,720 --> 00:33:05,480 straight. Go back to your fucking nine to 650 00:33:05,480 --> 00:33:09,160 five pissed off mentally burned. Like I think we need to talk 651 00:33:09,160 --> 00:33:10,640 about this like this is crazy, right? 652 00:33:11,120 --> 00:33:12,720 Most people would have round tripped this stuff. 653 00:33:12,920 --> 00:33:17,440 I am even saying oh I missed it but hey I probably also would 654 00:33:17,440 --> 00:33:19,440 have round trip and or done dumb trades. 655 00:33:19,440 --> 00:33:22,040 Dude I would have sold jail so bought back jail so you know 656 00:33:22,120 --> 00:33:23,960 what I mean. I'm here acting like I would 657 00:33:23,960 --> 00:33:26,720 have treated it well God knows maybe I would have gone. 658 00:33:26,800 --> 00:33:30,640 Fuck I lost 60K on Enron this week dude I I suck too sometimes 659 00:33:30,640 --> 00:33:32,800 you know. Sorry, suck again. 660 00:33:33,360 --> 00:33:36,600 So you know, so JLP, I'm comfortable I didn't picture 661 00:33:36,600 --> 00:33:38,600 this. Mando texted me that he's buying 662 00:33:38,600 --> 00:33:42,080 a fucked on a fart coin and then he posted by 5 minutes later and 663 00:33:42,080 --> 00:33:44,680 I didn't even tell him that's how much I didn't want to buy 664 00:33:44,680 --> 00:33:47,160 coins. You know so. 665 00:33:47,200 --> 00:33:49,160 And you know, my love for far coin is deep. 666 00:33:49,400 --> 00:33:51,480 So it's like, I'm like. A I'm like a proper community 667 00:33:51,480 --> 00:33:52,400 member at this stage. Yeah. 668 00:33:52,400 --> 00:33:55,800 Speaking of which, let's let's go through some of your more, 669 00:33:55,800 --> 00:33:58,360 some more of your topics here. That far coin chart's not 670 00:33:58,360 --> 00:34:00,200 looking bad, man. Don't want to call bottom but 671 00:34:00,720 --> 00:34:03,920 hopefully we get there. I think real quick on far coin, 672 00:34:04,000 --> 00:34:08,760 I think every one of these news stories like the CAR, like jail 673 00:34:08,760 --> 00:34:12,239 stool, anyone who gets burned on it is like they're closer and 674 00:34:12,239 --> 00:34:13,639 closer. Like I just want to buy far coin 675 00:34:13,639 --> 00:34:17,440 and zone out. Like I I'm seeing that message 676 00:34:17,440 --> 00:34:23,520 in chats and that makes sense. That's one thing parkour has 677 00:34:23,520 --> 00:34:25,600 going for it. Is parkour going to revisit the 678 00:34:25,600 --> 00:34:28,000 40 cent level probably one more time or two? 679 00:34:28,000 --> 00:34:29,199 I don't know. I don't know how the near term 680 00:34:29,199 --> 00:34:29,760 is going to. Play out. 681 00:34:29,760 --> 00:34:31,080 Nobody wants to call bottoms here. 682 00:34:31,679 --> 00:34:37,239 I'm not going to try to do that. It definitely is trading like 683 00:34:37,239 --> 00:34:40,400 levered soul to a degree. At least that's what it seems 684 00:34:40,400 --> 00:34:41,719 like. So probably they're going to be 685 00:34:41,719 --> 00:34:45,239 dependent on Bitcoin and Seoul breaking out of the channel at 686 00:34:45,239 --> 00:34:48,159 some point. But hey, hey, there's, there's 687 00:34:48,159 --> 00:34:51,159 some green. It's it's doing volume dude, 688 00:34:51,199 --> 00:34:54,400 like we said earlier, man like torrent something melon in 24 689 00:34:54,400 --> 00:34:57,840 hours volume sex and decks like 120 of which on sex on decks. 690 00:34:57,840 --> 00:35:00,920 Sorry, it's it's looking good. You know it's looking good 691 00:35:00,920 --> 00:35:06,280 Anyways, what if I crashed out? Yeah, serious crazy. 692 00:35:06,280 --> 00:35:08,600 Anyways, I'm getting a bunch of comments sorry and deferred from 693 00:35:08,600 --> 00:35:10,760 the stuff. I actually was trying to get 694 00:35:10,760 --> 00:35:13,600 Dave on the show today. I was like, yo, just get him, 695 00:35:14,200 --> 00:35:16,480 get him on the get it, get him on the show. 696 00:35:17,360 --> 00:35:19,720 And and you know, I'm still down on update. 697 00:35:19,720 --> 00:35:21,000 First I want to have this conversation. 698 00:35:21,000 --> 00:35:23,280 I'll ask him face to face like, yo, why are you taking us for 699 00:35:23,280 --> 00:35:26,040 fucking morons? You know, it's like I think it's 700 00:35:26,040 --> 00:35:29,520 I think it would be great. Anyways, Tyler, what else do you 701 00:35:29,520 --> 00:35:31,200 have for us? Because there was truly more 702 00:35:31,200 --> 00:35:32,840 stuff going on. Just Memco this weekend. 703 00:35:33,720 --> 00:35:36,080 Yeah, there's better news like Mando kind of talked about the 704 00:35:36,080 --> 00:35:38,880 Japan Financial Services. Thing that's very big deal. 705 00:35:40,120 --> 00:35:42,280 So their financial services agencies, it's literally called 706 00:35:42,280 --> 00:35:44,280 that their FSA is considering new rules. 707 00:35:44,280 --> 00:35:47,960 It would classify crypto assets as financial products like 708 00:35:47,960 --> 00:35:50,280 securities. This would require businesses 709 00:35:50,280 --> 00:35:52,000 dealing with crypto to disclose it. 710 00:35:52,000 --> 00:35:55,080 So there's going to be the rules of the road, but it but it 711 00:35:55,080 --> 00:36:00,160 enables them to get in the door and there's a timeline. 712 00:36:00,160 --> 00:36:05,040 So they're expected to announce performance by June 2025 S the 713 00:36:05,040 --> 00:36:09,840 end of H1 here. Potential reforms could make 714 00:36:09,840 --> 00:36:11,880 spot crypto ETFs more attractive. 715 00:36:11,880 --> 00:36:14,520 So spot crypto could come to Japan. 716 00:36:15,920 --> 00:36:20,040 Japan's economy, fourth biggest GDP in the world, tons of money 717 00:36:20,040 --> 00:36:23,600 we know Asia has. I don't want to over generalize 718 00:36:23,600 --> 00:36:25,600 but but has an affinity towards crypto. 719 00:36:25,840 --> 00:36:32,280 It's a fair thing to say. So another, another big unlock 720 00:36:33,560 --> 00:36:35,320 and we don't need to be deeper into this. 721 00:36:35,320 --> 00:36:38,200 I wrote my newsletter about it, but 22 states, we've got 722 00:36:38,200 --> 00:36:43,600 universities now University of Austin wants to buy in in that 723 00:36:43,600 --> 00:36:45,080 quote. We don't want to be left behind. 724 00:36:45,240 --> 00:36:47,520 That's the capitulation. End Quote, right? 725 00:36:47,520 --> 00:36:49,800 Because like everyone sees the right on the wall. 726 00:36:50,400 --> 00:36:52,760 All the institutions, the exact tweet that you showed from 727 00:36:52,760 --> 00:36:56,400 Hogan, the institutions see it. They don't be the only ones left 728 00:36:56,400 --> 00:37:00,720 not holding any Bitcoin if and when strategic reserve is 729 00:37:00,720 --> 00:37:04,040 approved and the the biggest countries in the world start 730 00:37:04,040 --> 00:37:05,960 buying and this thing really takes off without them. 731 00:37:06,880 --> 00:37:09,320 Yeah, it. Really feels like the clock 732 00:37:09,640 --> 00:37:12,000 ticking on when bitcoins going to explode like that. 733 00:37:12,000 --> 00:37:16,000 That's kind of my, my read on Bitcoin. 734 00:37:16,000 --> 00:37:19,160 And then just the the macro headlines just keep pouring in. 735 00:37:22,080 --> 00:37:24,520 So, so that that was the the big news on the macro standpoint, I 736 00:37:24,520 --> 00:37:27,840 think in the trenches, the pump fund store from Wu blockchain. 737 00:37:29,280 --> 00:37:33,600 Yeah, so what's going on? So Alon refuted it right away, 738 00:37:34,440 --> 00:37:37,480 claiming. That kind of like. 739 00:37:37,480 --> 00:37:42,280 So let's see. Here, seeing rumors. 740 00:37:42,560 --> 00:37:43,680 OK, so he said that these are wrong. 741 00:37:43,680 --> 00:37:45,960 OK, so that's a refute. Yeah, I think he's hard 742 00:37:45,960 --> 00:37:47,640 refuting. He's seeing rumors about a 743 00:37:47,640 --> 00:37:49,280 potential pump font token. These are wrong. 744 00:37:49,280 --> 00:37:51,440 Would advise not to listen to anything that didn't clearly 745 00:37:51,440 --> 00:37:54,360 directly come from pump. The font, well, the PUMP font 746 00:37:54,360 --> 00:37:56,920 team has been really been focused on improving the product 747 00:37:56,920 --> 00:37:59,400 in this one year history. The team has always been 748 00:37:59,400 --> 00:38:01,520 committed to rewarding its users properly. 749 00:38:01,920 --> 00:38:05,000 Good things take time. And then your favorite AI picked 750 00:38:05,000 --> 00:38:08,000 up on the fucking Wu blockchain stuff and started also reporting 751 00:38:08,000 --> 00:38:10,000 on that thing that there's a Dutch auction coming for the 752 00:38:10,000 --> 00:38:11,960 token. I would find it a little weird 753 00:38:11,960 --> 00:38:14,040 if Pump funded a Dutch auction mechanism for their token 754 00:38:14,040 --> 00:38:16,640 personally, but. I think everyone, so my read on 755 00:38:16,640 --> 00:38:19,760 that part was everyone just misinterpreted the Wu Blockchain 756 00:38:19,760 --> 00:38:25,480 tweet. So Wu Blockchain said Pump Fun 757 00:38:25,480 --> 00:38:29,120 will release token, conduct public offerings and will adopt 758 00:38:29,120 --> 00:38:31,920 the Dutch auction model. I actually interpreted that as 759 00:38:32,280 --> 00:38:36,040 their Pump Fun platform is going to consider like a Dutch auction 760 00:38:36,080 --> 00:38:39,960 token launch model separate from the, they're doing their own 761 00:38:39,960 --> 00:38:42,720 token. So like two different parts of 762 00:38:42,720 --> 00:38:45,240 the two things are happening in the subject that that was how I 763 00:38:45,240 --> 00:38:47,880 read this. It doesn't really matter because 764 00:38:47,880 --> 00:38:50,720 Alan has refuted it. But Alan in his tweet basically 765 00:38:50,720 --> 00:38:53,000 says, hey, he's at least streaming people along that 766 00:38:53,000 --> 00:38:56,560 there's going to be a token. I mean, he, he said that, right? 767 00:38:56,680 --> 00:38:58,560 We're still thinking about how to reward our. 768 00:38:58,560 --> 00:39:02,080 They're not. They're not walking it back, by 769 00:39:02,080 --> 00:39:02,640 the way. They're not. 770 00:39:02,840 --> 00:39:04,320 Yeah, we'll, we'll double down on. 771 00:39:04,320 --> 00:39:06,840 It we'll double that trip, double, triple like they're not, 772 00:39:06,840 --> 00:39:10,400 they're not, they're not backing down on this this statement, by 773 00:39:10,400 --> 00:39:13,960 the way. Previously by ultimate use the 774 00:39:13,960 --> 00:39:15,160 Dodge auction innovate token month. 775 00:39:15,320 --> 00:39:18,040 So yeah, again the Dodge auction piece is separate. 776 00:39:18,040 --> 00:39:21,840 So like does not, they're not saying that one will launch 777 00:39:22,600 --> 00:39:26,040 ticker pump via Dutch auction. I think that would NASA. 778 00:39:26,040 --> 00:39:29,200 That would be the biggest blowback in trenches history if 779 00:39:29,280 --> 00:39:31,680 if that's what happened. I think these guys are smart 780 00:39:31,680 --> 00:39:36,360 enough of that. I think the funniest outcome 781 00:39:36,360 --> 00:39:39,080 would oh wait, they answered Alan. 782 00:39:40,400 --> 00:39:42,840 It is almost the public fact that Pomfang plan to issue a 783 00:39:42,840 --> 00:39:45,040 token using the Dutch auction inside the sexes. 784 00:39:45,040 --> 00:39:47,960 Please. Calling him a liar. 785 00:39:49,520 --> 00:39:52,520 Straight up call him a liar. OK, so they're, they're they're 786 00:39:52,520 --> 00:39:54,480 doubling down that it is going to be a Dutch auction. 787 00:39:54,480 --> 00:39:56,000 Wow. Auction team obtained the 788 00:39:56,000 --> 00:39:59,000 detailed coins issuance preparation documents. 789 00:39:59,040 --> 00:40:01,200 Whoa. That Pump Fund provides the 790 00:40:01,200 --> 00:40:03,640 saxes. We can also publish with 791 00:40:03,640 --> 00:40:06,680 permission. The listing staff of multiple 792 00:40:06,680 --> 00:40:10,080 exchanges also confirmed to us that Pump Fund plans to issue a 793 00:40:10,080 --> 00:40:12,840 token, but the time is indeed not determined. 794 00:40:12,840 --> 00:40:15,800 So the token part, I think there's been rumblings even from 795 00:40:15,800 --> 00:40:18,680 Pump Fund. The rest I personally can't even 796 00:40:18,680 --> 00:40:21,240 me and me personally I can't even like it's not like I got 797 00:40:21,240 --> 00:40:23,080 information on it so I can't even confirm. 798 00:40:25,080 --> 00:40:26,920 It's wild. This is. 799 00:40:27,720 --> 00:40:30,040 So if someone's listening doesn't isn't familiar with what 800 00:40:30,040 --> 00:40:32,440 the Dutch auction model. So we saw this in NFTS. 801 00:40:32,440 --> 00:40:37,840 Art blocks notoriously went this route where you effectively 802 00:40:37,840 --> 00:40:42,000 start with a very high price and the price drops if people don't 803 00:40:42,000 --> 00:40:45,920 pay it to where you get to like a fair market price. 804 00:40:46,800 --> 00:40:48,720 But he's they're fully doubly down. 805 00:40:48,720 --> 00:40:52,840 They even posted this on top of that, bro, like they're not, 806 00:40:52,840 --> 00:40:55,040 they're not refuting at all. They're going with the story. 807 00:40:55,920 --> 00:40:59,240 Hey, credits to them from a journalistic standpoint for 808 00:40:59,240 --> 00:41:00,880 sticking to their sources and their story. 809 00:41:01,920 --> 00:41:03,760 Yeah. So if they got the sources then. 810 00:41:04,040 --> 00:41:06,440 It probably means they have some very, very strong. 811 00:41:07,920 --> 00:41:10,080 This is good. I mean, I don't even care who's 812 00:41:10,080 --> 00:41:12,600 right, who's wrong. Give me a puff on token baby. 813 00:41:12,600 --> 00:41:14,600 You know what I mean? Fuck it, dude. 814 00:41:14,800 --> 00:41:17,560 Come on, Alan. Well, the the people if there's 815 00:41:17,560 --> 00:41:19,840 no AirDrop but just a Dutch auction, it would be total 816 00:41:19,840 --> 00:41:22,240 chaos. If there's an AirDrop, you know, 817 00:41:22,240 --> 00:41:25,080 also a Dutch auction component that's a little bit different 818 00:41:27,640 --> 00:41:29,080 for me. Like I don't have a ton of pump 819 00:41:29,080 --> 00:41:30,520 fun volume. It's like. 820 00:41:30,560 --> 00:41:32,680 I don't have a lot of pump fun volume because a ton of volume 821 00:41:32,680 --> 00:41:35,160 on pump funds like. Yeah, deep. 822 00:41:35,280 --> 00:41:36,720 Because like far coin's a pump fun, right? 823 00:41:36,720 --> 00:41:39,320 So I have like deep 7 figure volume on fucking pump fun 824 00:41:39,320 --> 00:41:43,240 tokens. But imagine if imagine you're 825 00:41:43,240 --> 00:41:47,960 rewarded for how much volume you've done on ticker pumps like 826 00:41:48,120 --> 00:41:50,040 I. Think it would be on their 827 00:41:50,040 --> 00:41:52,800 platform probably. But it would be sick if there's 828 00:41:54,520 --> 00:41:57,720 a because even if you didn't use our platform, it's a pump funk 829 00:41:57,720 --> 00:42:02,680 ticker that you've bought, sold, Alan. 830 00:42:02,680 --> 00:42:06,560 If you listen to this, it's actually not very selfish. 831 00:42:06,560 --> 00:42:09,680 It's quite selfless because I think we all relate that traded 832 00:42:09,680 --> 00:42:12,160 pump funk tickers on other aggregators. 833 00:42:12,840 --> 00:42:18,080 If you're listening to this Alan nice that'd be nice if he Dutch 834 00:42:18,080 --> 00:42:22,120 auctions IC OS a pump token. It will be the other deeds mint 835 00:42:22,320 --> 00:42:24,480 massive liquidity drain that will kill all markets. 836 00:42:25,680 --> 00:42:28,280 I mean I mean the difference is that there wouldn't be any gas 837 00:42:28,280 --> 00:42:32,560 fees really because it's Solana. Oh, there will be network fees, 838 00:42:32,560 --> 00:42:33,880 but I get it. You know what I mean? 839 00:42:35,200 --> 00:42:40,800 I mean, it would absolutely destroy every single meme coin 840 00:42:40,800 --> 00:42:45,600 on Seoul. Like, you know, I mean, Tyler, 841 00:42:45,600 --> 00:42:47,520 like if there's a pump token even. 842 00:42:47,520 --> 00:42:48,600 Oh. Depends on how. 843 00:42:48,840 --> 00:42:52,240 If they launched it solely via Dutch auction and there's no 844 00:42:52,240 --> 00:42:57,160 AirDrop component then yes people would sell off memes to 845 00:42:57,440 --> 00:43:02,240 to raise capital. Yeah, so Woben Bubba makes a 846 00:43:02,240 --> 00:43:04,960 good point if you've played around the Hyper and the Hyper 847 00:43:04,960 --> 00:43:07,200 Liquid. I was in the Hyper Liquid 848 00:43:07,200 --> 00:43:09,080 trenches for a whole weekend a few weeks ago, so I'm like an 849 00:43:09,080 --> 00:43:13,200 expert. It's a Dutch auction system, 850 00:43:13,480 --> 00:43:16,960 Tyler, and it works awesome, but obviously it's not pump fun 851 00:43:16,960 --> 00:43:19,000 level hype. So I don't know how it works 852 00:43:19,040 --> 00:43:22,240 under such hype, right. But on Hyper Liquid that was I 853 00:43:22,240 --> 00:43:24,440 had a lot of fun doing that for a whole weekend and then. 854 00:43:24,440 --> 00:43:26,920 In other words, I've actually never done a token on via Dutch 855 00:43:26,920 --> 00:43:29,600 auction. So like, like the prices starts 856 00:43:29,800 --> 00:43:36,560 decreasing and then eventually, yeah, 100 million, then you're 857 00:43:36,560 --> 00:43:38,440 buying it at 80 million, then you're buying it at 60. 858 00:43:38,440 --> 00:43:41,360 Million, yeah. Yeah. 859 00:43:42,920 --> 00:43:45,520 Interesting. We'll see. 860 00:43:45,520 --> 00:43:47,840 I don't want to spend too much brainpower worrying about this. 861 00:43:47,840 --> 00:43:49,320 It's because it's still unknown. Yeah. 862 00:43:49,320 --> 00:43:49,920 True. True, true, true. 863 00:43:49,920 --> 00:43:51,400 There's no probably. We don't even know shit. 864 00:43:51,440 --> 00:43:54,520 So what do we know? We know nothing there. 865 00:43:55,240 --> 00:43:57,480 Well, that was a move. That was a very busy weekend, 866 00:43:57,480 --> 00:43:59,720 Tyler. What's so? 867 00:44:00,080 --> 00:44:02,920 Everyone thought headed in on Friday was that if a Kanye coin 868 00:44:02,920 --> 00:44:06,000 comes or a Portnoy comes, it's going to nuke the entire meme 869 00:44:06,000 --> 00:44:08,920 market. And now it looks like Kanye's 870 00:44:08,920 --> 00:44:11,600 not going to do a coin and. Port He's gone. 871 00:44:12,200 --> 00:44:15,560 Kind of did his and the main marker is is fine. 872 00:44:16,320 --> 00:44:21,280 So and we lost Kanye. Does his own now? 873 00:44:21,280 --> 00:44:23,000 Like, I don't even think it'll be that big of a thing. 874 00:44:23,840 --> 00:44:26,520 Who? If so, if Portnoy launched his 875 00:44:26,520 --> 00:44:29,600 own now? I think it would be a big PND. 876 00:44:29,680 --> 00:44:31,520 People will buy it, people will sell it because I think people 877 00:44:31,520 --> 00:44:33,960 are just pissed off right now. Maybe, but I don't think people 878 00:44:33,960 --> 00:44:35,720 would just be nuking all their bags to like. 879 00:44:35,720 --> 00:44:40,080 Load No, I'm not chasing shit. I'm going to Paris. 880 00:44:40,080 --> 00:44:41,720 I'm going to Hong Kong for consensus. 881 00:44:42,120 --> 00:44:45,400 I'm I'm good. I'm happy for you guys to for 882 00:44:45,400 --> 00:44:48,360 everybody to to have this thing. There was another news this 883 00:44:48,360 --> 00:44:50,520 morning. Again, some open sea chatter. 884 00:44:52,160 --> 00:44:54,360 Finzer refuted this one as well, so it. 885 00:44:54,360 --> 00:44:57,160 Looks like it was refuted too. So we have OX quit for three 886 00:44:57,160 --> 00:45:00,760 minutes ago but OK, so there you go. 887 00:45:00,760 --> 00:45:03,480 OK, so hold on. He talks about the refuting. 888 00:45:03,920 --> 00:45:05,960 So let me get this straight. If none of the rumors are true, 889 00:45:05,960 --> 00:45:09,000 then you must believe that Open C set up Open C Foundation but 890 00:45:09,000 --> 00:45:12,040 doesn't own Open C Foundation. The owner of Open C dot 891 00:45:12,040 --> 00:45:14,640 Foundation could have fished millions of dollars but instead 892 00:45:14,640 --> 00:45:16,840 decided to deploy a very on brand AirDrop site with 893 00:45:16,840 --> 00:45:19,840 extensive turns and conditions like KYC processing. 894 00:45:19,840 --> 00:45:23,360 Claim checker said owner again, certainly not Open C 895 00:45:23,360 --> 00:45:26,560 subsequently took the website down, probably because they 896 00:45:26,560 --> 00:45:29,240 realized their misinformation campaign was way too believable. 897 00:45:30,040 --> 00:45:32,200 I'm sure the troll that owns the domain is now in talks with the 898 00:45:32,200 --> 00:45:35,640 open sea Foundation to transfer to them rather, after which 899 00:45:35,640 --> 00:45:37,320 they'll probably bring it back up. 900 00:45:37,800 --> 00:45:41,680 So apparently open see the foundation was owned by troll. 901 00:45:41,920 --> 00:45:44,680 See. Man, people really got to be 902 00:45:44,680 --> 00:45:47,320 careful. Like between this and what we 903 00:45:47,320 --> 00:45:50,400 just talked about for the last 30 minutes, Tyler think this is 904 00:45:50,400 --> 00:45:53,280 a period where people really need to be semi hands off, man. 905 00:45:53,800 --> 00:45:54,920 Like I say, preserve your capital. 906 00:45:54,920 --> 00:45:58,000 Lots on the timeline lately. And some people mistaken that 907 00:45:58,000 --> 00:46:00,720 for like a bearish sentiment. I could not be more bullish. 908 00:46:00,720 --> 00:46:03,480 I mean, my name is Perma bull on Twitter on and on here every day 909 00:46:03,480 --> 00:46:06,160 now, but it means like, just don't get burned. 910 00:46:07,000 --> 00:46:09,920 Keep your soul. And don't get don't go signing 911 00:46:09,920 --> 00:46:11,800 messages. So like I I saw people reporting 912 00:46:11,800 --> 00:46:16,160 that website this morning. I chose not to because it wasn't 913 00:46:16,160 --> 00:46:18,560 confirmed and quit is probably right. 914 00:46:18,560 --> 00:46:22,960 Like this probably was a real site, but it's just not worth 915 00:46:22,960 --> 00:46:26,280 like why is it worth being the first person to to sign their 916 00:46:26,280 --> 00:46:29,640 wallet message on the on this open sea foundation site? 917 00:46:29,640 --> 00:46:31,200 I think there's no point in that. 918 00:46:32,720 --> 00:46:34,960 So let's wait for the official information to come out. 919 00:46:35,200 --> 00:46:38,720 If it plays out like it looked this morning, which would mean 920 00:46:39,240 --> 00:46:43,280 no US users, I think there was a like AVPN block of some kind. 921 00:46:43,280 --> 00:46:45,960 KYC. There's going to be some push 922 00:46:46,000 --> 00:46:49,840 back, I think, but let's let's see how it plays out. 923 00:46:50,960 --> 00:46:53,720 OK, look, we'll see. We'll see what happens on that 924 00:46:53,720 --> 00:46:55,280 front and there's not much else to cover. 925 00:46:55,280 --> 00:47:00,400 One thing, one thing before we take off, I do have some some 926 00:47:00,400 --> 00:47:05,120 good news for the audience. I have some, I have some news 927 00:47:05,120 --> 00:47:09,160 for the audience is I am told given that I don't think I'll be 928 00:47:09,160 --> 00:47:11,160 here. I I made there's like 50% chance 929 00:47:11,160 --> 00:47:13,400 I'm here tomorrow, but then I'm not going to be here the rest of 930 00:47:13,400 --> 00:47:15,040 the week. We're not hosting the show on 931 00:47:15,040 --> 00:47:16,960 the 13th, I think because none of us are here. 932 00:47:16,960 --> 00:47:18,960 Mando and I are in France and I think you've got some family 933 00:47:18,960 --> 00:47:21,760 stuff to attend. And then next week I'm you guys 934 00:47:21,760 --> 00:47:24,200 are going to host, but I'm out because I'm in Hong Kong for 935 00:47:24,200 --> 00:47:27,160 consensus. So if you're at NFT Paris Ledger 936 00:47:27,160 --> 00:47:29,600 events on the 12th, go sign up on Ledger's website. 937 00:47:29,600 --> 00:47:31,600 I'll be there all day long. I'll be running podcasts. 938 00:47:31,600 --> 00:47:34,240 I'll be vibing Decrypt, Ragrido and Myriad are partnering with 939 00:47:34,240 --> 00:47:36,960 Ledger for that event to be super cool. 13th and 14th for 940 00:47:36,960 --> 00:47:39,440 the awesome booth at NFT Paris. Come say hi. 941 00:47:39,640 --> 00:47:42,840 Free coffee shot the ponds and the and the and the frogs there 942 00:47:42,840 --> 00:47:45,600 for for hooking us up as usual. So some free coffee at the booth 943 00:47:46,680 --> 00:47:48,640 by everybody else to come by 13th, 14th. 944 00:47:48,680 --> 00:47:52,400 I'm doing a panel with looking ATS on the 14th, a panel with OV 945 00:47:52,400 --> 00:47:55,000 OSF on the 13th or vice versa. I wanted the two. 946 00:47:55,360 --> 00:47:58,040 And I'm doing a panel on Myriad with locks and Elance or 947 00:47:58,040 --> 00:47:59,880 Keynote. So definitely come check us out.