Good morning. Good morning, TNTM everyone.
Welcome to another episode of Homo Hour today.
Today. Is Thursday, November 21st
folks, it is a cold, cold day here in Chicago.
It's snowing. In fact, there is snow on the
ground outside. My God, that happened fast.
But the good news, stay inside season.
Much easier to stay inside when it's 20°.
Folks. The coins are pumping, memes are
hot, NVIDIA has record earnings, China's legalizing crypto.
We might be getting Solana ETFs. There is a lot happening.
We are feeling good and we're going to break it all down on
today's show. Farouq is in Vegas, won't be
here this morning, but I've got my Co host Mando and Logan in
the house. Mando, Jim, how you doing?
I'm doing great man. How are you?
I'm doing great. How could we not be feeling good
looking at some of the price action?
All time highs, memes pumping. It's a good morning, Logie.
Jim, welcome back to the show. How are you doing?
I'm doing well. I'm cold as well.
We're expecting snow here in Pennsylvania.
Not looking forward to that, but feeling good.
Some of our bags moving upwards making us feel a little bit
warmer. It's nice my my kids don't want
to go outside. They're happy to play inside.
It's much easier for me to play inside as well.
So I'm actually a fan of it here.
Probably good for all of our backs.
I think several other people are feeling the same way.
Folks, what are we talking about on today's show?
So we've got Bitcoin hitting $98,000 and a new all time high.
ETH up 7% after some Kobe bull posts and rebounding quite a
bit. Crypto now potentially legal in
China. Some breaking news around Solana
ETS. We'll get into that.
Trump considering a crypto position for his cabinet.
Moon shot recording its highest revenue days back-to-back.
Chill guy seeing $700 million in non chain volume amidst a lot of
fun from the artist abroad. Recovery in the AI memes.
Rec coin coming tomorrow got a chat about that and then in in
it tease if we have time X copy has a drop today as well.
There's a lot to get into before we dive in.
Shout out to our partner Galaxis.
With seamless built in monetization tools, Galaxis
enables the development of sustainable long term
communities, fulfilling Bitcoin's vision of
decentralized freedom and independence from centralized
control. Love working with Galaxis.
Excited to see them down at Art Basel here in a few weeks.
All right, folks, that's our intro with that Mando.
Let's get right into it. Do we have oh, do we do in the
intro or no? Oh, no.
Oh, we'll get there. We'll get there.
It's time. Who is the man Macro Daddy of
the land? Can you dig it?
Yeah, GM everyone. So it was a bit of a strange day
because yesterday Bitcoin kind of went higher, but everything
else kind of went lower and it was just interesting to see
Bitcoin dominance kind of went up to about 62%.
Since then kind of this morning, it's actually been it's been a
bit more chilled. We've actually had Bitcoin go
down a little bit and pretty much everything else go up.
So interesting market right now. I would say we have ETH was the
main thing that broke out in the last few hours, let's say, which
was a good, which is a decent move.
It moved up around 8 or 9% I think and that's the first time
we've seen ETH move it. It just hit a four year low
versus versus Bitcoin, which is a quite, quite aggressive.
I think Bitcoin is heading towards 100K.
It feels like that is preordained at this stage, but
but it does feel as though at least it's not going to destroy
the rest of the market on its way.
Last night there was a big, big move lower in a bunch of
different things including well, not just memes, but pretty much
everything Part of that was to do with the liquidity from in
the chill guy, I think, but still a very, very decent move
kind of across the board, which I don't think people were
necessarily ready for given bitcoins going to an all time
high. But yeah, if you haven't
realized, Bitcoins, the daddy as always, the cycle in terms of
like specific crypto stuff that that there was.
We did tap NVIDIA results yesterday, which pointed to a
bullishness and AI agents who saw that space kind of rebound
pretty aggressively overnight. Let's say that that's kind of
memes as well. But that was like one of the
more macro things. Although NVIDIA stock initially
was down free markets, now it's now up.
So that's a decent move. And stocks are like probably
they're going to head back towards all time highs.
There was a slight escalation more than just a slight one.
Russia fired the first intercontinental ballistic
missile ever in a warfare last night hitting area of Ukraine.
Obviously we've seen we've seen an escalation in that reason
over the last few days. Stock didn't love that at first.
Gold did kind of like bounce went to near a new near its all
time high again, but seemingly has been kind of downplayed
since then. I don't really know, but yeah,
it's we're at that stage. I don't really know.
We had a Solana ETF like you said as we went live.
It looks like Bitwise throwing their hat into the pile for ETFs
there, which is which is, you know, a better, well, more well
known name than some of the other people that have been
looking to issue ETFs on Seoul recently.
And the biggest move was like Bitcoin cash.
It wasn't really like any of the other.
It was just like Bitcoin and any other Bitcoin related related
movers. You did say one thing, which is
about Shanghai, like it looks like a core in Shanghai allowed
Bitcoiners legal property, which is another indication that China
may be coming softening its maybe approach to to crypto,
which I think people are taking very bullishly that that was
kind of blamed for the RIP. People were like, oh, well, that
happened. So so we're going we're going
higher. In fact, as that came out, like
we, we did go a decent amount higher and there was some
comments about the fact that Trump we'd all been looking for
the Treasury Secretary. It looks like Trump might
actually appoint a crypto czar. It sounds like.
Whatever that means. But yeah, that that that caused
some bullishness. Very curious who who that would
be. I think there'll be a lot of
eyes on that. I think some prediction markets
already getting spun up maybe. I wouldn't I wouldn't mind
talking about this China thing for a minute.
I guess what I don't have a read on and Mendo, I'd love your take
if you're closer to it. So it seems like, you know,
China's been kind of flip flopping.
How how big of a deal is this? Like have Chinese citizens who
are bullish on crypto kind of found their own workarounds or
do you think this is actually a huge unlock?
It caused the bounce, you know, like particularly for Bitcoin,
Bitcoin is, is massive in China, right?
Like the vast majority of the miners historically have been
there. And a vast lot of the Bitcoin
wealth is actually in China. We always hear about, you know,
sailor and all that sort of stuff.
But I would, I would reckon that the majority of it is now in,
in, in China Bitcoin wealth, just because that's that's where
the majority of the mining has come from.
And there's obviously there was some capital flows at the start
and you have some of the bigger exchanges linked to it.
And yeah, it, it feels as though China's got a lot of Bitcoin.
So when that becomes a legal tender, it creates some
bullishness, I think, or at least it's starting to be
accepted. I don't think, I mean even
people who are local there have said like, I don't think this is
like we're not going to get we're not going to get a
situation where Bitcoin becomes completely legal.
That's just not the way that China works.
It'll take a while for that to happen.
But you might see like a a gradual, let's say etching away
at the at the the current restrictions on it.
Sure. And as well as it's a signal
too, right, that perhaps it's coming, it's a little bit easier
to start rationalizing essentially buying and getting
ready for that and then just a matter of time until they find
our runes backs our our pumps. Yeah, we need to onboard board
them for sure. But yeah.
We're we're in onboarding season, that's what we're doing.
Onboarding season? Exactly.
What's going to happen at A at 100K?
Are we just going to keep, are we going to like hit it and
bounce off of it? So like one of your predictions
even before the election was you thought we'd get 200 K before
end of year. We're a 2% way two, 2 1/2
percent move away from it. Is that going to be a a tough,
tough barrier to breakthrough kind of how are you thinking
about like the the Super near term here?
I did, I asked Ovi Ovi that this morning, like what do you think
happens when we hit 100K and he was like, I think it's AI think
it's a vibe in news event. As in I think if you see that
and you're not involved in Bitcoin, that will suddenly be
like, Oh my God, do you know what I mean?
I don't people are day-to-day looking at the price of Bitcoin,
but when Bitcoin hits 100K having like most people, I'm not
even too sure if they, if they're aware that like
Bitcoin's having a, a bit of a, a move here, but they will
understand 100K money. I think that creates headlines
around the world, which probably continue for a long time.
A lot of people start paying attention and this is coinciding
with obviously like a bit more retail attention.
We're starting to see Moon pay have really big figures, Moon
shots obviously on boarding a bunch of people too.
It feels as though, yeah, we're, we're we're at a good point here
for, for crypto, crypto in my opinion.
Yeah, I wrote about the 100K number a bit in the newsletter
this morning and I agree. I think 100K is the number where
folks are going to be like, oh shit, like I need to buy this.
I think it feels safer at that number.
I think the Lendy effect is very real and that like the higher it
goes, it's just showing that it's a safer asset.
And I think FOMO will, will really start to kick in at 100K.
So like, I know back in 2020 when I still had my full time
day job, I was loosely following crypto.
Like to your point, like I wouldn't check prices every day.
I I'd check maybe once a week. And then in November and
December 2020, I started, I started checking it more
frequently and, and Bitcoin was literally going up $1000 a day.
And that's what I realized. Like shit, I I better like hurry
up and and buy this before it's too late.
And I feel like 100K is going to be like that.
It's like what happens if it's 100 and then it's 104?
Yeah, that's my view basically is that I think it's, it becomes
that it just becomes a thing that people pay attention to and
that that's that becomes a a game changer suddenly for
adoption. I think the the other big story
here I I want to touch on is that the breaking news from from
Eleanor. So we saw Joe McCann yesterday
share the Bitwise had registered its sole ETF in Delaware.
And now Eleanor has got a scoop here for for Fox and saying that
it it looks like the spot ETFs are progressing now SEC now
engaging with their S1 applications doesn't mean that
it's it's coming immediately, but it looks like it's in
motion. And so perhaps we actually could
get it January, February, like Q 12025.
I'm curious, what do you think that means for ETTFS or the
E*Trade? Does does is ETF hurt in that
scenario? Are are the ETFs bullish for
Salon? Is it going to be sell the news
like it was for the other two majors?
Do you ever, have you started thinking about that Mando?
Yeah. I don't think we're going to get
crazy inflows into a salon ETF. That's just my gut because I
think the ETF is more for it's more for investment managers.
And if they haven't been sold on ETH, I don't really know why
they're suddenly going to get sold on Solana.
It's not really the ETF sells for like non users of the chain,
right? And it's more about a a story
there about what you can sell them.
And I think you can sell them on digital gold, this whole like
digital oil or smart contracts like that.
They're just they haven't really cottoned onto it with these.
So I don't think these are going to be some great event for
Solana. But what I do think is that it
was something that was being held over Solana by Eve Maxis,
right? Like, oh, you'll never get a,
you'll never get an ETF, you'll never be accepted.
And even though it won't be like, I don't think it can be
adopted probably crazily next year.
If they do have that now set up, then I think there's a decent
chance that that narrative dies away in in like the years to
come. So it's it's good for them long
term. I'm not sure if it would be like
some big liquidity or not because basically what I'm
saying. I tend to agree.
I think it might be bearish ETH a bit.
Oh, I think it's bearish ETH, yeah.
Just because like you mentioned, one, one of the only narratives
out there right now is that there's two ETFs, Bitcoin and
ETH, and folks are going to start diversifying.
I've shared that narrative as well myself.
When there's more now that narrative kind of falls apart a
little bit. And actually, I think the more
options there are and it seems like we're going to have several
in the next couple of years. Does it actually make the, the
Bitcoin one stronger even perhaps.
So we'll certainly see. But to to give EV Maxis to throw
them a bone, They do have Kobe trying to help.
So we, we got a Kobe candle perhaps this morning or, or from
last night as well. He's been doing his share of
bull posting on the Bitcoin side.
He said Bitcoin flipping gold is nothing but the restoration of
sanity to our reality. And the question is how many
multiples is the fair valuation? So that was a fun one.
And then it must have been in a reply.
But he also was was bull posting Ethan basically saying that he
thought it would it would double along with Bitcoin in the next
year. Let me see if I can try to find
it real quick. Yeah, here we are.
It seems likely that four that ETH below 4K temporary
dislocation in our reality most would have a better time just
thinking about both going up No, I can't find the tweet but
anyways he thinks ETH is going to double in the next year along
with Bitcoin. So a little bit of opium here
for the ETH Max season Logie tag you into the conversation any
any macro thoughts here this morning on any of the news
around Bitcoin salon ETF's kind of how how are you feeling any
any. Perspective, not not too much
different to add to what you guys have been talking about
regarding the ETF, though, you know, it's interesting to me
just being close to people who have purchased the ETH and the
Bitcoin ETFs as a way to get exposure to crypto.
To me, that still seems like a bullish thing.
You know, I know you're talking about pair pairs there with, you
know, Solana ETF potentially being bearish for ETH or you
know, being bearish for whatever.
But when I think about a way for people to gain access to this,
that perhaps don't have a ton of disposable income coming in, but
have like 4 O1 KS that could potentially gain them access to
crypto, that that seems and feels bullish to me.
For example, like, you know, I've used the to my own father,
right, who is not purchasing on Coinbase with money.
He's pulling from a checking account.
He's, he's taking what he has in a four O 1K that he can't touch
or, you know, can only use so much of, and he's rolling it in
and gaining crypto exposure that way.
So I, I, I'm all for it. I, I think, I think bullish long
term, of course. Feeling bullish this morning?
Indeed. I think another metric that
perhaps is bullish, but maybe more so for the the meme coin
market is moon shot. Moon shot printing back-to-back
all time high days in fees. So that the day closing on
Wednesday morning, they logged about 215,000 in fees, about
double their previous high, and they went another 100,000
higher. 50% jump, 311 K in fees registered here according to
data from Defy Llama. Logan, I know you were looking
into this. What's happening with Moon Shot
is the onboarding event that we were expecting.
Is it actually happening? I, I think it is, I wrote a
story for Decrypt last week about crypto app Surging Moon
Shot being one of those. It had kind of crept into the
top 100 talking about iOS apps, that is the finance, free
finance apps. I just refreshed actually a few
minutes ago. I think it was up inside the top
30 and it's jumped about 500 spots since the election or
close to 500 spots since the election.
That's just two weeks, right? And it's it's now, of course,
becoming much more on people's radar.
The fee stuff is interesting as well.
I mean, this just points to the usage on the platform.
Basically, people are actually buying memes here.
If it wasn't, you know, painfully obvious to you in the
streets at this point in time. It still pales in comparison to,
of course, what pump fun is making.
But it's a really, I think it's a really good indicator of if
you want to call it retail, if you want to call it meme coin
activity, you know, it's a handful of all of those things.
This is this is good to see that number going up and it's
something we should continue to pay attention to it in, in my
opinion. Were you able to track down any
other moon shot data? I feel like they keep a lot of
their user data kind of behind closed doors.
So this fee number is really all that we've been able to to use
to get a sense of their growth. Yeah, I don't.
I don't have a user number. As far as downloads go, they
were around 100,000 cross between Android and in iOS via
Sensor Tower, which is where I'm using the sorry, the where I'm
tracking the the app ranking. That was when I wrote the
article last week. I've not refreshed that number,
but that would be a a decent indicator probably of the amount
of users. And then I don't have
information regarding the Fiat on ramps, but as the team has
reported, you know, they've had record-breaking days in the last
few weeks with regards to how much Fiat is being deposited on
the app. Yeah, the Fiat number would be
interesting. The user numbers are as well.
I'd be curious if you have a chance to refresh that.
I, I have to imagine if it was at 100,000 downloads last week
that that number is up quite a bit.
And, and perhaps that's being driven in part by some of the,
the, the TikTok meta, the chill guy onboarding.
We'll get to chill guy here. Maybe let's just dive right into
it. What jumped out to me when I
woke up this morning? I'd slept through all the chill.
Guy FUD. I pulled up the Solana board and
saw that it had done over $700 million in on chain volume.
It's actually down a touch at 10% on the day.
If you look at the price action, it was just a roller coaster all
night. So it touched 450, touched 500,
went all the way down to 250, back up, down to 200.
It looks like a Wick. Back up to four, 5480, back down
to 300 now around 360 or so. So it's been some very volatile
price action to to say the least.
On an asset that's already 1/3 of of a way to a billion
dollars. It is seemingly on the back of
some thud driven up from the artist who is behind the Just a
Chill Guy meme. So that the artist is Philip
Banks. He apparently put a post out
overnight. Saying that show guy has been
copyrighted legally. He's going to be issuing
takedowns on for profit related things over the next few days.
Basically pointing to towards the the shit coin.
He's since locked his account. A lot has happened since.
I think some of either the CTO team or just community members
set up a donation wallet. I think that they sent him some
of the show guide tokens. They send him some Solana as
well. Perhaps an Xbox is in the mix.
Logan, I'm not sure if you dove into this one, Did I, did I
capture what happened? What else?
Like what's going on with this situation?
I, I I. Think that's about it.
And I, I believe there was some previous commentary from him
maybe in the days before as well.
But I think what's captured on screen here gives a pretty good
gist. He has since locked his account
as indicated in this tweet. So it's tougher to find some of
those retroactive tweets. If you weren't already
following, you know, the interesting event.
We've seen this, this sort of artist discourse, displeasure
with the degenerate behavior of the cryptocurrency market
transpire 100 million times. So that's not necessarily out of
the ordinary. I think what's out of the
ordinary here is the, this, the, the ferocity with which this
market has soaked up. Chill guy.
And then what, what happens next, you know, and, and how far
Phillip takes this or if he just kind of drops it.
You mentioned the donation wallet.
When I had refreshed this morning, it was up over $235,000
that have been donated. He has not responded or accepted
that wallet. I imagine somebody created the
wallet for him. So, you know, there's some
potential issues there with somebody.
I, I guess who knows who has the private keys to that.
But interesting. I mean, this is still all over
my timeline. It's still the top and
disclosure. I, I own Jill Guy as well.
I I capitulated near the top, but all over the timeline,
there's it's going to be in the it's going to be in the
headlines for a while. Not only is it all over the
timeline, it seemed like the FUD helped drive holder growth as
well. So we're up to 113,000 holders
on chill guy now. I I think it was 70,000 when we
did the show yesterday, so it's up another 40,000 since then
something. Like.
That yeah, it, it was when I went to bed last night, it was
like 95,000. So I picked up another 15 to
18,000 overnight. Mando, I'm curious for your
perspective on the FUD here. I think you were you were in the
Pepe trade. I believe Pepe faced a fairly
similar situation with Matt Fury that caused some fun early on.
You know curiously how this relates to that or just general
perspective here. As far as I remember there was
none from Matt. Matt Fury, He did DMCA other
things. Matt Fury, there was questions
why he didn't get paid and they'd spoken to him.
He did the DMCA. Nothing was ever and I don't
believe he ever like outright threatened or anything like
that. He just said he didn't want to
get in the way of people and their money.
That's what I remember at some stage and then in the end I
remember poorly. I think send him a ton of
tokens. So he he made he actually sold
the absolute bond Pepe when the team started selling, he sold it
like at the absolute lows. I don't think that he sold it.
Could have sold it at less of a low then the level he sold it
and then it like Giga pumped after that.
So it's kind of in the lore of Pepe because he he got out at a
very low level after after he was sent tokens.
But there was some like frustration like, oh, we should
make sure the artist gets paid and all this sort of stuff.
I mean Pepe was a much more established mean than chill guy,
right? Like there'd been several
different attempts to Co opt the meme.
Obviously the like the around the election, there was all that
stuff. And he did come in to DMC to
like DMCA some of that stuff. But that was before the Pepe
meme column was created. This is a slightly different
scenario. Like I don't really know where I
stand on it because I this does happen a lot in crypto, right?
There's like very little respect for like anyone else's creation,
right? Like we'll, we'll make a meme
out of literally anything, particularly in the pump fun
era. And I kind of know this with
some of the like with a lot of the coins that I'm involved in,
there's sort like this is always a complication.
One of the complication, new complications is, is there going
to be a, a similar coin on Ethos or Sui or one of these other
chains? And the other one is do we have
any sort of ownership rights over the meme, right?
And both of those can be can be quite complicated at times.
I know like various different that you have to have to get
licensing or all this sort of stuff.
It seems as though this guy does not like crypto at all very
much. He's not a a big fan of crypto
that they've got a donation address 250 K for a for a
whatever. How big is the meme coin now?
302,000,000. Oh, meme coin.
I just don't even know. I don't know.
I don't think he'll win a court case over it necessarily.
That's my guess. But or at least it will be a
long time and it will most probably end in a settlement
anyway, of which they're kind of already creating the wallet for
that. So yeah, I feel like, I do feel
like it's a, it's a complicated scenario.
What is is clear is that like it's this is not, this is not
some cobalt CTO. Like it's not like they're
sitting there with like 50% of the supply.
This is like a, this is a real CTO.
It's similar to like with for example, where it's, it's, it's
less controlled, which it's probably good for crypto because
it's been, it shows it's very organic, but it's not like they
can, it's not like there's some centralized team that's made an
absolute ton of this. And so I think that's why it's
been a little bit more difficult to do various different things.
So the idea that they just they'll be able to send him
$2,000,000 worth of token. Like, no, there's, I don't think
there's AI don't think it's like that.
So that might make it a bit more complicated.
I don't know. But they have a public wallet.
I think they've, they've got like 250 grand, maybe, maybe
slightly more. And yeah, let's see, let's see
where it ends up. I am, I'm bullish on this,
though. I do think that it, this will,
it's very difficult for something with this, this amount
of holders to, to die. Let's go that way.
My read when I woke up this morning, kind of processed the
information was that it was bullish flood and it is
something you get past. I was happy to see the holder
growth through the night. I was happy.
Of course, when I woke up, it was also over 400 million, which
which helped you think it was a a bullish event.
If of course, if it drops back to 200, you know, maybe I'm a
little less confident in that, but it feels like one of those
things that you kind of perhaps it might help cement the legacy
and one of the hurdles that you just kind of have to go through.
So I'm, I'm feeling optimistic, but certainly a little bit more
of a complicated situation. Also, I mean the coin like I
think folks who who are perhaps worried about price action and
rightfully so. Hey, if you're stressed about it
too much, losing sleep, sell some, make yourself feel
comfortable. I think Broke shared that
advice. I wanted to echo it.
This thing also ran up from 25 million to 400 million in a day.
It was it was viable below 10 million just a few days ago.
So seeing some red on the board, not a huge surprise just in a in
a in a situation where there wasn't even flood.
So I think also not surprised from that angle.
But for folks who are trading more than just chill guy, I
think they woke up feeling pretty happy, especially those
who have been dabbling in the AI sector.
It looks like a pretty full recovery across the board.
The AI sector had been basically slaughtered as chill guy was a
liquidity suck. And then the AI16Z drama that
had played out a few days ago. I think it made people kind of
question whether these on chain agent valuations were perhaps
too high or I think they threw those questions out the window.
We saw massive rebounds, zero bro leading the charge back over
$500 million. Market cap up 70% on the day.
Fartcoin holding up nicely. I think it was back at 370 this
morning, touching all time highs but still holding.
At 3:33 it had dipped to 200, so up nearly 100% off that local
bottom AI16Z marching back up, it's up 34% Waifu back at 70.
Chagath was a big winner. Well, let's see what else.
And then on the lower end of the board, we saw some some new
runners as well with Opium. I don't know how to pronounce
that. Lola Roparito, A few interesting
new stories here. Logie, I, I asked you to dive
into the to the AI board. Any high level takeaways before
we dive into some of these? What are your thoughts here?
Is AI back? It's back I'm I'm not sure it
really ever left. It was like a one you know that
one to two day lol. Of course, dominated by chill
guy, but this resurgence, I mean, cementing in some way that
this is more than just a one month meta, if you'd like to
call it that or if you were previously calling it that.
The zero bro stuff has been unbelievable disclosure.
It's one of my bigger meme coin holdings at this point in time.
But the strength that it showcased even amid the chill
guy stuff from yesterday was quite remarkable.
And Jeffy, who is the dev here working with zero bro continues
to push stuff out. You have the zero born NF TS,
you have the web four thing that he's been pushing.
They released like a musical, I'm not sure album or single or
whatever. Like there's been a just a lot
of innovation. I know Mando's talked about that
on this show about having, you know, a developer who's willing
to kind of innovate and and push these things forward.
And I think you're really seeing that with zero bro and you know
that and that's one of the reasons it's standing out.
You know, it's harder to stand out now than it was previously
where there were only one or two agents on chain interacting.
And that's where I think that's standing out just a little bit.
But disclosure, of course, some back bias there.
I don't know too much about this one, Tyler, this one I'll hand
to you. But As for the rest of the
board, I mean, the fart coins strength is, I mean, that's
obvious at this point in time. And then all the way downstream,
as you noted, I mean, there's there's strength in a lot of
these that have just found. I'm not sure what the right way
to characterize it is, but just, you know, found some pudding
again when things have just chilled on chill guy, pun
intended there. Yeah, there's a there's a few
interesting stories. So one, I mean, the headline is
just just the broad recovery. I think zero bro submitting
itself as a clear leader in the sector.
It feels like one of the safer plays and safer in quotes.
I've got a small bag. My bag is much smaller than it
would have been had I not sold one of my worst trades here in
the last few months. But we we saw a few interesting
news stories pop up. So so Vader is a virtuals based
AI agent. They had a big announcement
yesterday. They, they said basically
they're trying to be the Black Rock of AI agents, a forming a
network of specialized AI agent traders that have their own
niches where they, they trade a Dow to manage all this, then
perhaps a rewards program. What I thought was perhaps the
most interesting part of their announcement was they also worm
hold to Solana. I made a lot of chats with folks
who are who are trading a lot of the AI memes.
A lot of them just don't want to go to base like they, they want
exposure to this, but they just aren't interested in bridging
off Solana with where all the action is.
So now we've seen one of our first major players from the
virtuals protocol bridge over. And I mean, the market liked it.
Of course, they had their own update.
So it's hard to say how much of this is tied to the update
versus the, the bridge to Solana.
But up 47%. I'm curious if if we'll see
others do that. Logie, were you following the,
the, the Vader stuff or just brought our virtuals protocol?
I know you were pretty early to virtual.
Just a just a little bit, it was really early to the Vader stuff.
That was right when they announced virtuals dot fun,
right. That was one of the first, if
not the first agent created on that.
I I think that the Solana versus base thing is really
interesting. I actually saw a take and I'm
not gonna be able to find the tweet now yesterday about how
some people expect the agents might run into issues on Solana.
I don't know if I shared that with you, Tyler, or maybe you
shared that with me. I'm not sure if it's
architecture related or, or what have you related to using the
blockchain base being a strength versus Solana.
I don't know the argument there, but it was just something I saw
that was interesting to me. When you're comparing or
thinking about where these, where these agents should play.
But in terms of getting liquidity to your coin, in terms
of getting interest and eyeballs to your coin, it's obvious it
has to be on Solana right now versus base in, in my opinion.
So I I think this was smart to open up a wormhole and give
people an opportunity to participate that weren't
otherwise participating or had some sort of standing that they
didn't want to cross in in moving over to base.
Related to the base thing, though, I don't know if you're
going to talk about Anon the coin that Vitalik Oh we.
Can go there, yeah. Yeah.
So this is a farcaster related AI coin.
Basically, you own some of the coin and you can make anonymous
posts on Farcaster using ZK Sync, sorry, ZK proof
technology. And yeah, Arkham Intel, I think
flagged purchase from Vitalik yesterday and it went up like
350%. You had shared this on your
timeline, maybe actually a day before Tyler or two days before.
A highlight from Darren, friend of the show.
You know, people, people like to go where smart money's going.
Vitalik, obviously very, very smart person.
So interesting innovations. Again, just people kind of
pushing things, trying to do different things.
And those are the coins that often times, especially if
you're, if you're just meddling around in the muck and the
trenches, you know, you can find those and and find pretty swift
moves upwards like you saw with this one.
Yeah, got a shout out. Darren, I see he's listening.
I've got notice on for him. I think he's one of the stronger
signals in the space. He shared his thoughts on a non
just a a day a day or two before metallic bought.
So I was lucky enough to to get in.
And then it's interesting. Metallica only bought enough to
he basically bought the minimum out so that he could use the
protocol and and test it out. It was only point O 8 ETH.
So it's not like he slammed in 100 ETH or something into this,
but it was enough for for the market.
As soon as the market saw it, it, it just went absolutely
crazy. And now up from a local bottom
below 10 million now at 45 million.
So, you know, quite the run. And it's interesting, I think
folks, there is a cohort of this Margaret who is focused on base
right now and thinks there's going to be a base season.
Coinbase clearly is kind of opening up what they're listing
and folks think, you know, that perhaps they'll be more out
looking at some of their own ecosystem tokens.
It's got the Farcaster tie in. It's got a good ticker, Batalics
a buyer. It's an interesting narrative
for sure. Now, I mean, is it a good buy at
45? We'll, we'll certainly see how
it ages, but yeah. None of these, none of the base
ones have really broken out of this range to my knowledge.
You know, you have zero bro and go and other, you know, lots of,
you know, lots of the Solana coins, which of course exceeded
100 million etcetera. As far as AI related coins on
base, you have virtual as the protocol coin.
Luna had a run up above 200 million I believe, right.
But like beyond that, you know, I've been tracking Luminous, you
see there that was an agent to agent interaction coin Anon.
I mean there's a couple others probably floating around of
course, and all those other agents on virtuals stuck sort of
mired in this like 30 to 50 to $70 million range.
We haven't seen anything. Yeah, it would, it would not
shock me to see one of course run to two 3-4 hundred $500
million market cap. We just, we just haven't seen it
yet, whereas that's transpired on Solana.
It's interesting just quickly on on Bay since we're talking about
it. I mean, Brett has been one of
the more quiet winners. It's like during as all the
memes have leveled up. Brett's at 1.6 like.
No one owns it dude. Yeah, who whoever does on it
like they're they're feeling all right, but it just it marches
up. DJ had a nice run.
DJ was over 400 Meggles. The the cat mascot has had quite
the run as well. So there there's some action on
bass on your comment on virtuals specifically, I think it is a
little bit underwhelming. So Luna was the number one it so
Luna soared to like 250, I think at peak steadily down.
Now it's already been flipped by AIXPT, which I thought was
notable. You kind of always think the OG
is going to keep that spot. We don't really see that happen
too much. I, I haven't dug into this.
It feels like kind of throwing darts right now.
I'll be curious how this ecosystem continues to grow.
I think another interesting kind of going back to AI.
So we had TikTok, Meta and then yesterday we got the first one
of the first intersections of AI and TikTok.
So this dev Roparito had launched a Roparito token and he
has made it the, the first autonomous Tiktok AI agent.
So an AI agent writing its own code to create Tiktok shorts.
And he shared the shorts. They were actually were created.
I checked a few of them out last night.
I, I don't know that they were like ground breaking and
quality, but I, I think they were the first to actually have
executed this. So we'll see if being first
actually does matter. I think we saw the Roparito
token jump about 100 percent, 150% on the back of this.
It's hanging out around 12 million here before the show.
Amanda, maybe I'll toss it back to you just for just a broader
take. We saw that the big pullback in
AI memes. It seems like at least we've got
a rebound on the board, whether that's a dead cat bounce or just
a kind of a a return attention on this.
How are you feeling about the the broad sector?
I know we've talked about GOAT on the show.
Do you think this one I was just a short term blip?
I think, I think AI memes are going to do a 10X too, like I
really do. I said it a week ago.
I said it's very rare that you see a bull like a natural meta
like this. It reminds me, do you remember
of like the gaming meta of 2021 where I actually went to like 50
billion? Yeah, it reminds me of the
timing of that. I'm not saying name, but like
when a meta like that happens, because that was at the same
time as, you know, metaverse, all that sort of stuff is
happening. You know, Facebook changed their
name, Everything was going wild, and these gaming tokens went
crazy, right? And then yes, during the bear
they all dropped 90%. What I'm telling you right now
is that the timing of this, I'm not saying this will drop 90%,
but I'm saying that this right now, whether you believe in it
or not, or you think it's a bit of a LOB, it's just right time,
right place. AI is like the number one
bullish thing in the stock market where at that time it was
some of the metaverse stuff, or at least that's what they were
trying to push, let's say. And, and this stuff is, you
know, it's new, it's novel. I, I honestly think GOAT could
go to five to 10 billion here. I think Zerobro could probably
go to low billions. I think, I don't know about AI16
Zeeks just kind of burnt itself a little bit.
But I think, you know, fartcoin, as ridiculous as it is, could go
above a billion dollars pretty comfortably.
Like I, I, I genuinely think that I think people are looking
at that as a sector, the AI agent sector.
If you listen to the NVIDIA call yesterday, this is all they were
talking about, like the use of AI agents and, and for that
chip, like it's just right time, right place.
And I think you buy all dips. Like if there's a dip, do not
fade it. That is a chance to buy it, not
to, not to sell it. Maybe when Bitcoin's at 150 K,
you know, that's when you go 130K, that's when you go OK, you
know, it's getting a bit frothy, but I particularly like for me,
the obvious one is GOAT, because it's very difficult for it to be
diluted. In my opinion, Like with these
memes, there's, you know, there is often we can be super bullish
on chill guy today, but I'm not saying there can't be another
tick tock meme next week. I think some of these are still
they're they're very difficult to dilute with the rest of the
meme coins. So like people viewing them as
meme coins and this is what I was saying a while back, like I
don't think you should view them as meme coins.
I think you should view them as their own sector.
AI agents slash AI money, let's put it that way.
And in that route, in that universe, they don't get diluted
when a new cute cat comes out, right?
Or when peanut comes out or when like this, that doesn't happen.
So I think you can be you can also feel pretty comfortable
that it's then less they're less cycly than some of the other
meme points out there. And and I also think they they
also have that like enough. I mean, I like what Kook said
about them the other day, which is like they're just enough of a
lot, right? Like the people who are in them
also get that like they're not like, Oh my God, this is the
most amazing thing I've ever seen.
I'm not, I'm not thread guy where I'm like this is all like
I get this is a bit of a lop, right?
And this is a bit new, but I'm just telling you this is the
right time, right place for that LARP.
And I think they can all do a 10X.
It's good advice. It's an interesting perspective.
Thanks for sharing that. I think one of the mistakes I
made was press middle curving zero bro.
So I had a nice bag and then I, I was, I was sitting and looking
at his tweets and I was like, these are good, but what's the
mode? And like like the kind of the
whole LARP in thing is like, is this enough?
And clearly the market thought it was enough and, and I was
wrong there. And what, what I like about this
sector is a, it's, you can use your, your, your own logic, your
own mind and evaluate these things.
It's not just like, is this a funny meme?
Does this make me laugh or not? Like we're, we're, we're past
that a little bit, right. You can evaluate that the
quality of the outputs yourself and think like, are people
actually going to like and respond to this?
And the the signal on Zero Bro was like a lot of people in CT
were just like loving the content pretty.
And if you don't love that, then I would buy GOAT because GOAT is
just an art piece. A lot of the other ones are
adding like the utility side of stuff, right?
Like probably an AI agent launcher.
They're trying to do tons of different things.
Whereas GOAT was, He's literally saying this is a performance art
piece, right? He's not saying that I'm going
to add like AGI to this. And I'm not going to make like,
I'm not going to do crazy. He is saying like he'll upgrade
the model, but he's not trying to make this into more than just
like that performance piece, let's say.
Yeah. I would think the more you try
to build, the more risks that you add to all of these.
That's what I felt about Ava, just because Ava's kind of
rolling out some of its initial plans and they're starting to
show more and they're great. But like the more that you
showcase a product, I feel like you introduce people trying to
evaluate it like a product and what that product is worth.
I think that's that's my concern.
And that stuff might also go higher like virtual protocol,
but like there's a lot of people doing the same thing.
But now Virtual's is very similar to AI16Z, which is very
well some of the stuff that AI16Z is doing, which is very
similar to the stuff that Zero Bro is thinking about doing,
which is very similar to some of the sort of stuff that like Vivi
Vasu was talking about. Like that sort of stuff can be a
little bit like a a race between them all to who has the best AI,
of which I think there are some winners of which we you you've
mentioned Logan, like you want to pick the ones that have like
clearly devs who are shipping stuff every day and like are so
axed for this to go well, which is like zero Row has, you know,
it really does have. But yeah, I just, I just don't
think you can. You can fade it even if you
think it's a lot. Well, Logan, I know you've been
tracking it close. Like how are you thinking about
trading it? So like Amanda mentioned, some
of the, the, the top plays at the top of the board.
But I think for a lot of the folks who are grinding, you
know, the trenches, it's not quite as interesting to play the
majors and they're looking at new stuff.
Sorry, are you tracking new launches?
Like what are you? What are you folks then?
Yeah, I'm definitely trying to track new launches and in doing
so much like I described, I'm trying to find stuff with people
who are invested in the success of it, not necessarily
financially, right, like shilling the ticker, those types
of things because that's probably a turn off.
But people who are invested in creating something novel or or
interesting and and it's becoming more difficult because
there are more people doing this.
But for example, Roparito, right, as you shared here at
first autonomous TikTok agent, I'm not sure if that claim is
accurate or not, but something like that is interesting and
unique and it, it's something that I would want to pay
attention to and be able to follow.
And it differentiates itself from a lot of the other agents.
There's not just that there's a handful of others.
I I don't want to shield tickers, but just because
there's some things are so, so small and not even on that watch
list. But if you just kind of go down
the. We just want tickers, man,
People just want them. We want the tickers.
They want them, man. You've got who?
Who was the other day like you had Gordon chilling like 10K
market cap meme codes. The bandits Robin ripped off.
Yeah, the band aids off. Well, any anyway.
I mean, you know, there's some like one that we saw it was
shared with us by a friend who's close to AI Tyler about like a a
conspiracy theory type thing, right, where they're trying to
open source things like that. There's a lot of like just
interesting slash, weird slash, just I mean, just go look at
them and experiment with them. Often times, I know it's kind of
a joke, the Larpy thing, but often times you can pretty
quickly tell, like how you know how stupid or how you know you
can compare it to the others that are active and out there
pretty quickly and understand whether or not it requires any
additional due diligence. I.
Think there's a lot of opportunities in the under 5 to
$10 million space if you can find them and do some evaluation
yourself. Span yourself in groups of
people who are doing similar. So a friend, Rob Maxey actually
shared this Lola token with me a few days ago.
This is one of the biggest winners on on the day.
It's up to 175% at 18,000,000. This is an autonomous AI agent
that trades shit coins but also has like a sarcastic
personality. So they post on XI.
Think I shared one of her posts this morning.
I said her. I struggle with that.
Do you call these things it or do you call them by pronouns
like? I need your your thoughts here.
Unless they've specified. I think I've been using it,
though I'm not familiar with she says girl in her profile and
maybe they've specified so. Yeah, I, I need to work on that,
but your best autonomous AI agent that also has like the
zero bro like type of Twitter personality that, that shit
posts along with it. It's fun, right?
And it's, it's enough to, to get it up to 18,000,000.
We'll see where it goes from here.
It probably needs continuous good content along with some
good trades. But these are the types of
things that you can spot in the two to $3,000,000 range and get
some nice multiples here. Yeah, I think there's going to
be a lot more. So like Manda mentioned that
this is a sector to focus on, is its own sector.
I think you could just focus just in this and do just fine.
Like one of the mistakes I made is after chill guy.
I spent all of the yesterday playing these stupid TikTok
memes and lost on 10 out of 10 of them.
Like everyone lost who who turned to this yesterday?
I I don't think anyone won except perhaps the devs who were
launching these. So just be careful and maybe
focus in the the winning sectors are my thoughts.
A few minutes left in the show. Logie, what else is happening?
We've got a a fairly big in a team.
It here happening today. This one kind of snuck up on me,
but X copy is doing our blocks. Matt, what do people need to
know about this? Yeah.
So you see there 438 works remaining.
There's basically 450 available. I believe the vast majority of
those available to allow listed parties.
If you don't know if you're on the allow list, there is there's
like a thread via Artbox that has a Google Doc list with that
just another X copy via Artbox engine, but another edition Mint
icons. I yeah, I see XNS.
These don't mean much to me looking at them.
I was not this is not my favorite X copy that I've seen,
but X copy as far as you know, if people feeling wealthy on
chain talked about status, talked about crypto punk price
movement upwards, people feeling wealthy on chain X copy is one
of those names right where you can feel wealthy and flex a
little bit. So it would not surprise me to
see this do well. But give us.
A fresh prediction. Give us your price prediction.
There's 500 of these. 500 we're. Mincing for .0.
It's basically a free map. Couple ETH maybe is that high?
I don't know. There's nothing about I don't
know. I I think I'm using the the fact
that like I just don't like the look of these, perhaps holding
that down a little bit. I'd much rather have almost any
other X copy personally, like a a grifter or something like that
rather than chucking a couple ETH or something like this.
I. Think the problem with this one
is if this was any other artists by X copy this would be a floor
or blocks collection. It would be like point O1 ETH.
It's probably a fair price, but it's X, so it probably will be
in the one to two ETH range. We'll certainly see.
We'll be following that market action today for sure.
And then one other, one other exciting item, but with the Joe
piece, had a big day yesterday. I'm sure folks in the art crowd
are talking about this when he sold a 30 piece edition for
about $1.1 million. But our very own Ovie big day
tomorrow, perhaps the biggest day rec coin.
Rec coin is coming at a not the best time for those of us who
are in Central. So it's 10:00 AM UTC.
That is 5:00 AM Eastern folks. Tomorrow morning, 4:00 AM for
me. So I'll be getting in bed early
tonight. It is time to get wrecked.
He did share a some of the initial tokenomics behind this.
63% for the community, a very nice chunk there. 11% for the
eco, 15% contributors, 7 1/2% for brands, 3% for advisors.
It is going to be a a big big day.
It looks like the Drake points owners are getting 24% of the
tokens. Rec Guy holders are getting a
chunk as well. Mando rate the excitement levels
from from your good pal Obey here headed into tomorrow.
I think head's been down to get this.
I mean, is this is come as a surprise to anyone.
I I don't even know what to say. I think it's been hinted at
very, very regularly for a long time now.
There was a points program. You can't just like get in now.
They've been going on for months regarding rec drinks and rec
guys themselves. But yeah, the coin will be out
tomorrow. Enjoy D Jens because.
Enjoy indeed. So tomorrow's show is going to
be an absolute banger because this thing is going to be live.
Rep guy versus chill guy. Yes, hopefully a battle to
billions. ETH rips.
Let's see. Let's see what happens.
Well, I, I think you guys have been alluding to it, but like
not a bad time for a new coin to drop on ETH, right?
I didn't really feel like there's been much new action
over there. I couldn't believe it when when
the timing happened, I was like, Oh my God, like ETH has been
dead for so long. Hopefully, yeah, hopefully this
cooks. Good backdrop for sure.
Well, I think we went around the the horn there.
Logie, anything I missed on your list?
No, Nope, nothing on mine. Nice.
Well, I think we can go ahead and call it folks.
Fun show. Thanks to all of our listeners
for tuning in. Thanks to my Co host.
Thanks to our partner Galaxis. We will be back tomorrow at
10:00 AM Eastern. As always, till then, go make
today a beautiful day. Goodbye.