All right, good morning. Good morning, G&G and everyone
welcome another episode of Cuomo Hour.
Today is Friday, Friday, November 22nd.
It is another cold cloudy day here in Chicago Today, folks, we
are in the 40s. It's gloomy outside, but we
aren't feeling gloomy. We're feeling great.
Yesterday was one of the most bullish days of crypto headlines
I can ever remember. Perhaps in crypto's history.
The good news just kept pouring in.
We had all time highs all over the place.
We're going to talk about those and we've got special guest from
OSF and we're going to talk about the Red Coin debut from
this morning. Very excited for that.
No frog today. He is still out in Vegas but
I've got my Co host Mando and Logan in the house.
Mando GM, how you doing? Doing fantastic, although the
market is looking relatively red for sporting.
We will, we will fight through it.
Logie GM, How are you doing? Hey, good morning, Tyler.
I'm doing well. Some snow falling here in
Central PA Seems to be falling on the market a little bit as
Mando indicated, but feeling OK. Feeling OK?
How red are we talking about? So I see like 97,008 on Bitcoin,
it's all right. I don't know.
I'm just, I just opened up trade my trading view and it's just
all every single coin is red. So it seems a little bit red.
I don't know. Well, that's not great.
Well, we'll get into it. On today's show.
It looks like we've got Ovi in the spaces.
Not on the stream, but that's OK, we'll take him.
Ovi. GM, how you feeling?
It is a big morning. Yeah, yeah, pretty good.
Thanks. Pretty good.
How you guys doing? Doing fantastic.
Well, I want to get right into it with the late start here
folks. Real quick topics for today.
We're going to talk Bitcoin reaching 99 K in a new all time
high. More Solana ETFs, Schwaben are
in crypto. Gary Gensler is gone Suey
signing a partnership with Franklin Templeton.
Some new meme coins leading the action.
We might talk about the AI meme sector legging up as well.
Magic Eden rune swaps this X copy NFT, and we're going to
start with this Retcoin launch big day.
Before we dive in though, quick 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.
All right, well Sims, do we have Obi's music ready?
Can we give him a proper intro or should we just dive into the
conversation? I sadly don't.
Maybe Farooq had that. I could do.
I could do Mandos. Yeah, let's do Mandos.
Give us the break. We'll come back to Mando in a
minute, but Ovi want to tee you up big, big morning.
We've got direct coin launch. It is officially live folks and
went live 5:00 AM Eastern this morning.
And we are we are grinding up here.
You love to see it. How are you feeling?
Are you guys just in in chaos mode over there?
What? What's Control Center sentiment
this morning? Yeah.
I mean, launch day for anything are always chaos mode, but we're
lucky we had a really strong market to see this launched in.
I think, yeah, I know markets pulled back a little bit, but I
woke up this morning, I was like, wow, I think 1 was going
to hit 100K, like soul touch all time high.
So it's a really good environment to launch stuff in.
And yeah, I think we're in AI, think it's in a good spot right
now. I'm starting to see some of the
the math start coming out, but it seems like anyone who got in
on the rec rewards program and perhaps bought some of those rec
drinks, it seems like that they're up nicely.
Loki, have you, have you been tracking that?
Do we have the numbers? I see you're drinking the rec
drink. I, I, I don't, perhaps OV has
more than I do. I was just kind of ballparking
based on the, the, I bought four or five cases that I'm making my
way through very, very quickly. So I'm going to need to reorder
at some point here. I'll turn it to OV if he has
those numbers. But yes, drinking today to
celebrate alongside. Yeah, I think someone put out a
tweet earlier which was if you for every one unit of rec drinks
you purchase, you made about $300.00.
And at the current valuation of rec coin, which I think has gone
up since he tweeted that. So maybe it's more like 350 or
$400.00. But yeah, it seems like if
people who bought drinks or, you know, obviously if you did the
farming stuff, you got the edge up.
If you actually purchased drinks as well, you made like three or
four times your money. I think more, even more than
that, four or five times your money on, on, on buying it.
Love to see that just to that was honestly in hindsight, it
was a layup win. So shout out to everyone who who
got in on that and for you to help execute it.
We'll talk maybe a little bit about the tokenomics.
I'm I'm curious, so are are you aligned with Bonk guy in this
unit bias discussion? Because we saw that about 420
trillion tokens in the total supply what what went into that
decision versus you know some of your more standard Solana like 1
billion? Yeah, look, I'm a big believer
in unit bias actually. And I think stuff like Pepe and
Mark have done really well and those coins are trading at what,
like prices of like 0.000005 or 6 or whatever.
It was the same with DOGE, it was the same with shape.
So yeah, our advice to the Token Foundation was definitely to
have put, you know, bias as a priority and have a large supply
of tokens. And I also think people feel
better as well when you own them.
Like, you know, loads of people out there will pay them tokens.
They might own like a billion tokens or like, you know, some
people probably own a billion tokens.
And like that just feels, I think, a lot nicer to hold than
it does to only own like 10 tokens or 100 tokens or, you
know, I think it makes a difference in people's minds.
So yeah, we still bounce you really well on that.
We've seen some of the other coins starts rally the old E
coins on on unit bias as well. And I, I personally think it's
an important thing for retail because that's just how people
think. Because what if it goes to a
dollar? Exactly.
That is the question on everyone's mind and I've already
seen it. People are talking about trying
to become wrecked trillionaires. It's fun.
It's just something that you can't do with with some of the
other unit bias coins. So I, I like that move my, my
ears or my eyes definitely perked up when I saw the the
tokenomics stream out. So I'm curious, I think folks
probably want to know who are listening, like what's you know,
what's coming next? Are you all kind of like taking
a breath here today? What should the community kind
of look out for, perhaps in the near future?
Yeah. Look, there's no, there's no,
unfortunately, there's no time to take a breath.
And we're working out lots, working on lots of rec brands,
rec Ricks, etcetera. This token is now out there and
it's going to have a big art focus to it as well.
And I think, yeah, stuff like Boehm and Fogger, often they've
done well, I think. So me as an artist is quite nice
to actually put out art there that gets a lot of viewership.
And I felt like when I was creating pieces before, because
of how dead NFTS were, you wouldn't really get that much
attention of viewership. Whereas now creating art for the
mean coin method actually a really special feeling for me
because I just get those eyes on my work, which is really nice.
But I think people just sort of like really buy into it and feel
more of a part of it as well. And you know, like as you guys
know, like I love trading, I love them coins, I love memes, I
love art, I love culture. And this feels like everything
in 1. So it's a really cool position
to be in. And we definitely want to try
the cultural aspect of this as well, I think.
I mean, the timing is is perfect for like this combination of
meme plus art. Like as you mentioned, we've
been kind of dancing around this idea of what it makes sense.
We hadn't really seen it take off and now it feels like it is
much more cemented in this this current ecosystem.
So I think you've got a lot to to work with there certainly
exciting times. So we will all continue to to
happily follow along. Anything else that you know on
top of your mind here this morning or any any shout outs to
to the community? Yeah, for sure.
You know, a big shout out to the rec guy community, like they've
made everything that we've done possible.
And I hope people who've supported us and whether you've
been there from the beginning or joined recently or purchased
drinks, whatever it is, I've hoped people feel like today's a
good day for them to get rewarded.
And, you know, hopefully there's going to start something big, I
think. The start of something big
indeed. Well, I appreciate you joining
us here this morning. Feel free to stay with us here
Obi. I know you got a quite a busy
morning so I want to be respectful of your time.
Yeah, appreciate that. Appreciate the time.
I'm I'm going to, I'm going to bounce and get drawing.
But yeah, appreciate it as always.
Awesome. Well, Congrats on the successful
launch this morning. Thank you.
All right, Amanda, we, we kind of skipped past you.
We'll, we'll dial it back now. Want to just kind of jump into a
market overview? Sure.
We're going straight back into it.
We need to do another theme song.
So yeah, Bitcoin did nearly touch 100K yesterday, got
tantalizing close 99 1/2 and then kind of dips.
Bitcoin dominance has actually gone down over that period
because I think each slightly outperformed in that dip We had
the major meme coins all take a a pretty significant dip as
well, kind of across the board, I would say, but it was, but you
know, that's just kind of how they've been over the last week,
mostly down about 10 to 30%. Bonk I guess is the main one.
Solana now is still holding up around 5 billion, which I think
is, is very, very strong. MOG was actually the strongest
on, on, on ETH. It looks like it's it's crossed
back above 1 billion, which is good to see.
So those two are probably, yeah, the lead at the moment in terms
of outperformance on on ETH. And so we did have, I think as
you noted, a bunch of different people are now applying for ETFs
of different coins. So we had next RP ETF filed,
Salon ETF being filed and that was also because Gary Gensler is
leaving Jan 20th. He is leaving his role, which is
completely expected at this stage.
We had XRP actually hit a 3R on the back of that and Seoul
actually nearly broke its all time high.
I think it did break it on Coinbase briefly and then drop
back down. There was some bullish news with
just adoption. It looks like Charles Schwab,
which is one of the biggest brokers in the US, is going to
be offering crypto directly to clients, which I thought was
bullish. And then we got news that FDX is
going to start repaying creditors in 2025.
March 2025 S yeah, decent news there.
You, you covered a lot It, it felt like a week or a month
worth of headlines kind of came in yesterday.
And it's a bit repetitive because it feels like we've been
covering this stuff, but it also feels like a day to kind of
maybe step back and see what's happening.
And I think the Schwab headline specifically for me is one that
hit home. And, and a part it was partially
because of the quote from their incoming CEO Wurster.
We've got a nice article up on Decrypt covering this.
I'm going to pull up the direct quote.
So Scripto has certainly caught Minnie's attention.
And they made a lot of money doing it.
I have not bought crypto. And now I feel silly.
And I feel like this is just such a reflection of broader
sentiment for folks who have been on the sidelines up until
now. And like, this is the point
where it's really kicking in. And it's like, shit, we faded
this for a decade. Maybe now it's time to to come
in. Something 100K doesn't normally
die, let's put it that way. When, when it's at 15 K, people
are going to be like, oh, this will be a bit more fringe.
But yeah, when you see Bitcoin at 100K and it's just overtaking
like silver to be the most valuable asset in the world, you
kind of know it's not going away now.
And so I think we're going to see more and more of these sort
of headlines. Like a lot of this was the big
play, right? Institutions can now FOMO into
crypto pretty regularly. We're going to have new
headlines every single day about that.
So yeah, I think we're going to have AI think it's going to be a
very, very bullish period if you're just looking at the
headlines. There was interestingly some
negativity in news yesterday, which is around micro strategy.
I don't know if you saw this, but very, very popular research
firm Citron, who's been kind of short of various things in
crypto of the years was short ETH at like 900 bucks.
I remember you know, when when FDX was collapsing, they went
short micro strategy. Micro strategy is actually
trading around 3X book at the moment, which is high and it's
been difficult because you don't really know when how that even
unravels as Bitcoin goes higher. So and there's been a lot of
shorts in it. So it's been this like short
squeeze and then Sailor's been talking about doing productive
stuff with the, with the Bitcoin, like starting a Bitcoin
bank and all this sort of stuff. So it's, it's been trading quite
a lot higher than just the Bitcoin and they, they've kind
of come in and said, look, it's too high at 3X3X Bitcoin.
Their Bitcoin holdings and micro strategy dropped 16% yesterday,
even even with Bitcoin going higher.
So at the same time he was able to, to, to like do a bond deal
on the same day, which I thought was pretty funny.
And it's back up 5% today. A lot of people have been short
micro strategy versus long Bitcoin.
That's that's been like a a widow maker of a trade.
So let's see how that one develops.
Maybe can you maybe help explain this one to folks whom who might
not understand? So how could micro strategy be
get to the point where it's trading at 3X the Bitcoin it
it's holding? I think for most they would have
understood it as pretty much micro strategy has been moving
up in line with the Bitcoin that holds.
So it's a levered bet I guess. How?
How does it get to 3X levered? Is there a logic behind that or
just is there? There is the the logic actually
isn't in that so it is they're they're levered, but it should
still trade at its book value or there or thereabouts.
The reason is, is because one, it was seen as one of the
easiest ways for people to buy the coin, which I think that
story is diminishing given the, the, the, the ETFs.
The second thing was that there was always a short, huge short
base in it who did this like basis trade.
So we always traded like squeezing the shorts
essentially. And then the third thing was
what I said there was some, so even some of the big commodities
brokers like Glencore or Trafigura, they'll trade at a
higher multiple than just the quantities they own.
And that's because they that's because they trade them, but
it's also because they do productive stuff with them.
And he's been talking a lot about the concept of doing
something with the Bitcoin right, like using that capital
to do things, whether it's get yields, whether it's via like a
he hasn't said staking, but he's talked about being like bank,
which would imply that, you know, trades more like a bank
And that's just had this like equity value to it or be it like
it really went out of it got out of hand more recently, like the
micro strategy really like departed from where it had been
versus Bitcoin over the last six months.
And I do think that there's, you know, it's it could it could be
it could be an interesting trade to short, if I'm honest, but I
don't just because the would I rather buy Bitcoin or micro
strategy here at 3X it's holdings.
It does feel like maybe just to spot Bitcoin ETF satiates the
ease of people buying one at least.
But I didn't know some people are like complete micro strategy
bulls forever. But and that's that's probably
the reason why it goes up. It did like a bit of a meme
stock as well, right? Yeah, like so I don't know, I I
would never put on this trade myself like this is never I
would never try and short something like that particularly
publicly in an in Bitcoin, right, which is largely up
because Bitcoin can just keep going and that can really
squeeze you from the short side. So.
But Citron do this sort of stuff so.
Yeah, I mean, I'm not going short anything in a bull market
that feels silly. I would personally rather buy
Spot. I was going to, I was going to
ask like, do normal people even know about this?
Like as a way to gain exposure to Bitcoin?
Of course institutions do. But like nobody, nobody I know
would be buying this to gain exposure to Bitcoin, I don't
think. Micro strategy or the ETFs?
Micro strategy. Oh, I don't know.
It's, it's, it's, it's now one of the biggest firms in the US
stock market, right? It's like $85 billion like it
is. It does still have that.
Yes, yeah, it's it's funny. I mean, you, you mentioned
Sailor wanting to do more stuff. I've noticed in the Decrypt
articles and, and one I wrote earlier this week, MicroStrategy
essentially started calling itself a Bitcoin development
company, which is drastically different from a previous life.
I worked in business intelligence.
They were a competitor of ours. They're in like a data analytics
software company. That's what MicroStrategy was
and is to a certain degree. So it's just it's crazy to see
the the turn around, but yeah, crazy.
I, I think people kind of realize like if you've done any
research in the Bitcoin at all, I think you probably have an
understanding of MicroStrategy at a high level.
You've also got the ETF products that, that are trading levered
MicroStrategy. So there are ways to to make
this as a levered bet on, on Bitcoin.
So it's going to be interesting. We will continue to track that,
I'm sure. I want to get into the the meme
market a bit because I think there was a lot of action
yesterday. I think arguably the biggest
story was this Casey coin that that came out last night.
I don't know if folks have seen this one.
It's done $200 million in volume.
It's it's leading the Solana meme market from a pure volume
perspective. It ran from zero to 69 million
in about 12 hours. I think it hit close to 80.
Yeah, last night. I think the the brief story
here, there's an artist with the meme he got tied into the coin
early is a bit of an opposite of how the chill guy situation
played out. Logie, I'm curious, did you have
a chance to dive into this one at all?
Can you kind of catch up on what happened?
Yeah, just a little bit. As you indicated here, famous
viral TikTok meme and artist attached to that embraced, you
know, the literally the complete opposite of what you saw with
Philip Banks and Chill Guy and it went wild as people look to
lean into kind of the art slash meme coin thing.
We're just talking about Ovi mean that's been a a huge part
of this cycle thus far. You know, there was you know,
you sent this around early Tyler last night as a just watch this.
What's happening here. Tough to ignore, of course, all
the volume, but there was some, some scare and I saw from other
people on the timeline as well about the insider holdings or,
or bundles attached to that. And it seems to have dissipated
throughout the course of the night as more and more people
kept buying and it just kept going up.
And that's where that's kind of where we're at today.
Yeah, I'll, I'll tell my story. So I, I got in on this one
around 12 to 15 last night. It was just a rocket ship and
it, it had reached that level in like 15 minutes, huge volume.
And then a buddy showed me that it was like 78% bundled.
And there was also questions of why the how the artist kind of
came around to this coin because it had been vamped pretty hard.
Like there were several KC coins floating around.
So there's some fun at that point in time.
It's when it dipped from like 20 down to seven.
I got flooded out of the spot, much to my chagrin.
And then it ran 10X from there. So egg on my face, man.
Did you see this one? Did you?
Did you play it at all? Any thoughts on this versus
chill guy here? I did not play this one.
I, I don't know if this feels like the same as chill guy.
Like I don't think I've seen something ever goes to 120 K
holders in five days. It feels like the one off the
chill guy that everyone tries to do the chill guy rather than
necessarily the same. But I, I think we'll feel this
is this is going to be a tried and tested method.
There'll be a there'll be a new tick on me next week, there'll
be one every week, this bull market.
This is the new meta for sure. I can paint that the bull case
and perhaps the bear case on this one.
Now as a neutral observer, I think the bull case is it's a
good artist. People generally like the art.
It's it's it's friendly. He's plugged into the corn,
which which is the opposite of the situation, which show guy,
which is the main risk there. And it's it's clearly got the
attention. So there's some whales touting
it as well on the timeline. So you've got kind of a lot of
the different factors there checked off.
I think the bear case for me is it feels a little more forced.
And I don't know if the meme is quite as good and like my social
engagement as one factor. Like when I post about Casey, I
got like 110th the engagement when I posted about Joe Guy and
I'm not. Do people know what Casey is
like? Because chill guy speaks for
itself, right? Chill guy.
Like the ticker's chill guy. The coin name's chill guy.
I would have never known what this was.
I've seen this little person before.
Is that, you know, whatever. But I would not have known that
this was related to that coin if I just saw it.
You know the ticker. Yeah, I don't think people are
racing the moon shot to buy Casey because I don't think
they're going to know what it is necessarily.
But I mean, if people start spreading on TikTok, perhaps
that changes. I will say wear my TA hat looks
a little bit like a cup and handle for me on the 15 minute
so so perhaps watch. Out for that it'll go high like
there's no doubt. I, I, I don't see how this
doesn't like, yeah, we'll go to 100 and but I just don't know if
it does like what The same same sort of moves that that chill
guy did. Speaking of, it's been a little
bit of a chop day. Tough for for the moon boys out
there who thought show guy was just going to go straight to to
1 billion. Is any of your perspective on
show got changed at all? Holder count still going up 120
K as you mentioned. I think it has the issue with
coins that get this many holders at a low market cap is that they
it does take a lot for them to like fully moon, but so many
different people like you know what, the mirac coins can go up
really quickly if everyone holds their supply.
And then ideally at the high level, that's when you start
getting loads of holders, right? Like peanut got all of its
holders at quite a high level actually, whereas this one got
at a lower level. So this one I think could take a
little bit longer, but I do think it will end up getting I
mean, I think it's about to get by bit.
It feels like OK, X was tweeting about it yesterday.
I think it will get all the major exchanges now.
So that's probably what to look for.
I, I've seen just a handful now of the posts of the, of the guys
who run UP20K to a million. So you got to turn through all
of those and they're selling and I would be selling in that spot
too. So I think that's why we're
seeing some Wicks up. We had a major move yesterday.
It went to 550, but then it retraced that.
Well, I think fiber indicated it might list it, but then I don't.
Yeah. So I'm, I'm sorry to cut you
off. So Buybit is doing the same
thing with chill guy that it did with Lucy, which is it's using
this buy votes campaign in which people that hold can deposit and
then vote for a spot listing. Actually just pulled it up of
the side. I'll, I'll send you the link as
well. Tyler, 76% listing odds thus far
for chill guy and it looks like Lucy already breached that
threshold. I'm I'm sending you the link
now. Interesting.
If you want to pull it up, it's there might be some like weird
details about how exactly or you know who gains access to the
listing, right? I'm not exactly sure, but it's
like a yeah, it's like a social campaign more or less to get it
listing. I'm not sure if that's just a
workaround legally or whatever to get it on there, but that's
that's what it's going through right now.
Yeah. That I think it just helps.
I think it'll get a vibe at listing just given that but and
then OK, X tweeted about it. I think the main thing is like
does this artist thing maybe get in the way or not?
But with 120 K holders, the other thing about that is also
very difficult for it to die. Things like that don't just go
down in AV shape with that many holders.
There's always somebody who comes in and wants to get it.
So I think probably you sell big rips and you buy dips in it.
That's that's what I would reckon at this sort of level
until you start to see, unless you're like certain there's a
listing coming. And that seems to be what what
folks are doing. You know, quickly I think
another story. I don't really want to get into
it, but the the meta from last night seems like we're getting
new mez everyday is just people streaming and trying to pump
their coins live on stream. You see the stream until 100
million guy did 150 million volume sitting at 12 million.
So it had some success there. There are a few other
derivatives of that. I think the bigger action was in
the AI sector. I almost spent a little bit of
time on that. So we we talked about it
yesterday again like this is we talked about this being its own
kind of component of a broader mean coin marketer, just a
broader market overall. Some of the coins of retrace now
I can see zero bro at 480, but zero bro hit 550 yesterday.
I guess it worked close to 600 and now.
I I have a bag of 0 bro. It was, it was like 620 at one
stage. I remember last night.
Yeah. I think what's happening here is
I think a few things are happening.
One, I, I think there's a punks versus apes narrative playing
out with goat versus zero, bro. I'm actually seeing some of the
same players from that conversation back in 2021 start
to put that out there. So I think that's a little bit
of friendly competitions, the storyline to watch and it kind
of makes sense to me and how the ecosystems are being built out.
So I think GOAT true terminals kind of stand alone right now.
I think Mando, your, your point is it's like a piece of art.
It's the code. That's what it is.
And I, I tend to agree. I think that's that there.
It makes sense. Whereas Zerobro is expanding its
ecosystem quite, quite rapidly. So it did the zero born NFTS.
Now it's got this music coin Opai OPAIUM, which is which just
launched yesterday. It's already trading at 29
million. Yesterday we also had zero bro
ticking out tweeting out tickers, one of which was this
Mercal token. I'm going to try to find that
here as well. Scroll down.
I think it's around 5 million or so now down to 4 million.
My point being is it, it seems like it's building out this
broader ecosystem, which could be good, could be bad.
I, I don't, I think it's too soon to have a read, but it, it
does feel like it perhaps is like diluting it.
I don't know. Curious for your talk, for your
takes. I.
Think there's been a few of these right now.
Like one thing that I think they all get called right is sentient
sentient memes or sentient or AI agents, right?
I think one of the the main differences here is that, and
this is kind of what I was saying yesterday, where it's all
a little bit of a laugh is lots of these AI agents don't
actually need a coin. So if you look at the genesis of
of GOAT, it was because GOAT got trained on the history of memes,
right? And then decided before even
GOAT came out that the GOAT sea was the, it's the funniest meme.
Dan was like, we should create GOAT wasn't created for many
months and then it was created and adopted it, right.
So it became there's like a meme aspect to it.
Whereas a lot of these other ones like they, they and this is
I think why the AI sometimes clashes with the human with the
other ones. It's like they're actually like
AI researchers and the and the meme is just a well, it's not
even a meme. It's just a coin attached to the
bot that they are creating. If you if you, if you see what I
mean? And we had that with Luna, you
know, like Luna's not a meme, right?
It's just, it's just the name of the bot and 0 bar is, is kind of
similar. And, and there's one called
Bully, which is at the moment. And I, I, I think all that space
can actually go a lot, lot higher.
But I do think it's, they are quite different.
And like you said, like they also they're all about the
utility. They're all about like, if you
actually read a lot of the developers behind that coin,
AI16Z was obviously doing a lot of this too.
Like they're all like, we're going to create AGI on the
blockchain. Do you know what I mean?
Whereas GOAT isn't like that, right?
Like it's more like, hey, we've created this funny GOAT meme and
the AI agent thinks it's hilarious and like this is, and
he, he's like in love with it and all the content kind of it's
like more around that. So I feel like it's actually 2
separate things. That's what I also think.
It's like fartcoin, for example, is more like the first one.
It's more like a meme again and one of the, the true term, the
lights. And it kind of went down that
route. And there's a few more which are
more like that. And there's a few more which are
like, Hey, this is like the best AI agent I've ever seen.
And I feel as though all of them have like issues, right?
But I, I do think that the ones which are focused on utility,
you know, you have to either first, you have to be like, does
this really need coin? Like does far coin?
Does Zerobro need a coin? Like, what do you do with the
coin? And that's the same for like
half of them at the moment. Like they're still trying to
work out like, why would you own this coin?
And then the second thing is, is it got, has it got a Moat?
Like will someone come in and, and do something new?
And I think the ones that are really outperforming are the
ones who are shipping the fastest and doing new stuff.
So I think like I said yesterday, I think 0 broke can
go easily above a billion. It's like winning on the mind
ship map, even right now. I saw.
That but I also the ones I think I like irrespective of that are
also the the more like meme one. Yeah.
Is goat and far coin because they're it's more of it's less
like that erosion of of Moat by just another AGI coming next
week. Like I saw there's one which has
gone it's called bully, right? Like I was looking into this
this morning which has gone to 120.
Right, all in the past two days. Right.
Do you know what I mean? And so I think what we're seeing
here is actually just the dilution of the space.
But then I think it will become clear.
Like the different segments even within the AI agent sphere, I
think that will also become clear.
I feel like, I think I agree with your analysis and I feel
like this, there's the AI agent coins, the utility coins are in
a bubble. I think the bubble is going to
get much bigger. But I feel like there's also
more risk as you mentioned in these AI agent coins because
it's more tied to performance than it is tied to some of the
more pure memes. So there's going to be multiple
ways to to play the sector. I'll continue my thoughts in a
second. Real quick code folks, the code
today is Rollbit. We do have two spins coming up
here in 10 or 15 minutes. Again, that rafflebot code is
Rollbit. I think Farooq actually from
Vegas tweet out the big three right now and AI is GOAT,
fartcoin and zero bro. I think that's pretty
objectively true right now. I think there's a big question
of what's next. Like what's 7, What's 3, What's
4 through 10? I think bulled, of course jumped
out yesterday. You've got project 89, which
blank guy has been posting about a bit chaos, which I I don't
even really have my head wrapped around what chaos is Ava's from
the hologram hologram labs team. It's at 62 up nicely on the day
memes AI, which is tied in to some of the AI16Z and and go
broader AI eco than some of the new joiners and Logan.
Like I know you've been tracking this Griffane, so can we?
We were both early. I sold my bag right before this
huge RIP but what's been happening with Griffin?
Like how's this one just done a 5X in the last week?
Yeah, so this one popped on my radar based on one of the
hackathons not hosted by Solana, but you know, by one of the
corresponding tangentially related organizations.
And more or less you can sort of chat with an agent and have it
do things for you on chain. Or at least that was the promise
very, very early. I think one of the reasons we
got in and out, Tyler, was it seemed like that promise wasn't
actualized you. Couldn't.
Wouldn't work. That's right.
That's why it's all smoke and mirrors.
Yeah, but based on this price action and continued
development, it seems those things are starting to work.
I was messing around with it this morning.
There's like an early access pass to get access to agents
that have been developed. There's like a Warhol agent
where you can tell the thing to make a, you know, a painting and
or, you know, an image and then mint it on chain.
There's other ones that can create meme points for you,
trade meme points for you, etcetera.
So it's like kind of half launchpad, half agent, you know,
like an agent on its own. And that Griffane token, I
believe it was, you know, somebody was using the the bot
and had it create a token. It was like kind of like the
first one that it helped to create in some way.
So yeah, I think I was in an in and out around like 3 or 4
million or something like that, which feels like months ago at
this time. But it's just been a steady
grind up. It's one of those that I think
warrants mentioning at least alongside, you know, all these,
so many of them as Mando's mentioning so many of them just
to, you know, keep your eye on there's, there's going to be,
there's going to be room for growth upwards for some of these
that continue to kind of push the envelope.
So I've already got 40 AI tokens on this watch list.
It. It feels like what I've seen in
the past few days is there's been a lot of opportunity for
tokens, which are kind of sitting in the five to 10
million range to level up to 15 to 25.
There's been a whole lot of what I'll call easy 2 XS on the
board. I don't know where we go from
here. My gut is we're going to see a
few of these in the 10 to 20, probably move up to to the 50
range, and then you're going to see a couple do the bully run
and run up to to 150. I'm trying to predict which ones
those are. And I think this is a very
interesting group of tokens. I'm sure there's some that
aren't even on my list to to spend some time on because
again, it feels like one where you can actually do a little bit
of research and it's not just like trying to pick the hot
TikTok meme of the day and hope that the whole wars aren't just
going to all dump on you in the next couple hours.
They have they've got the the token that you can generally go
to sleep with a bit, which is, which is nice, something that
appeals to me because it's it's not that fun to have to watch
your charts all night. Another interesting one that
jumped out to me was in the the D side sector yesterday and and
Logan, I'm not sure if you saw this one.
I think just for for quick context, I think D side went
nuts this past weekend with pumped out science and it's two
leading tokens Rif and euro soaring.
It's it's since has cooled off quite a bit.
Rif, rifampicin hit a 220 at peak, it's back down to 83.
So full 70% retrace, similar with Euro.
Now this new token launched yesterday, it's called Tract
Bio. It's at 7 and a half million, so
still slightly under 10. I think what's interesting about
this one to me is it is a potential infrastructure play on
pump dot science. So pump science is the platform
that allows those longevity testing experiments to run.
It allows people to launch their own tokens on them and
effectively Crowdsource the research.
This past weekend, when pumped out science caught fire and was
all over the timeline. The only real ways to bet on it
was betting on those two specific chemicals like Rif and
Euro, which didn't really make sense to me because that's not
necessarily the right way to think about betting on a
platform. Now there might be a way to do
that and perhaps I'm thinking about it wrong, but this tracked
biotech effectively is the some of the infrastructure that
supports pumped out science and the streaming of these
experiments. So this just launched, I think
it has been endorsed by the the team.
So I think this is going to be an interesting one to follow.
Did you dig into this at all, Logan?
Not not in depth. I saw you mention it yesterday.
I think that's, you know, spot on and an interesting way to be
able to go to sleep with your with your token is this is the
picks and shovels type play, right?
Or closely related to that, Mando mentioned that when we
talked about Luna and virtuals from the very first conversation
that more interested in virtuals rather than needing to pick the
influencer that that comes from the the protocol.
There's going to be winners that come from pump science.
There's going to be winners that come from virtuals, Vivaifu,
wherever, right. But if you want to, you know,
maybe play a a more conservative route while still earning plenty
of potential upside, yeah, something like this makes a
whole lot of sense. Yeah, I'm with you.
All right well, those are two of the a few of the things that
jumped out to me about the meme sector.
I think the other one is over on runes.
So we saw let me pull up the tweet.
So Magic Eden did launch rune swaps yesterday.
Now you can input an amount of Bitcoin and you can directly
purchase that amount of a runes or vice versa.
So if you have 100 PUPS tokens you want to sell, you can get an
instant quote for. Sorry, not not vice versa yet
You, you can't go to runes to BTC just yet.
That's the, that's the gradually rolling out.
This was so confusing me but they they offer you quotes
though, so I guess that that's why I thought it was live so you
can still get a quote but I didn't try to execute.
So maybe they're not executable quotes.
So I guess OK that that part is still coming.
But I have executed the Bitcoin to rune swap it.
It is nice. It's better than just kind of
like the NFT buying experience which runes was prior.
I don't think this on its own is a huge impact factor just yet.
I think rune to rune swap it's more interesting.
But then someone in my reply said Saturn is rolling out AMM
pools perhaps in the near future.
I think that's where this starts to get more interesting because
if we get some actual like woody pools tied to these runes.
So no, that's improved at. All.
I'm sorry, did volume improve at all?
Dog clearly leading the way, 30 Bitcoin volume.
But I mean look at the rest of this abysmal UPS with 400K
volume yesterday. I think my gut read on the swaps
is it's going to make it, well, I guess it's not enabled yet,
but when it is enabled, it's going to make it easier to sell
ruins. So I wouldn't be surprised if we
actually do see a pullback in the short term, but perhaps the
the broader market will be strong enough.
You know, we'll we'll certainly see not a huge surprise to see a
pullback with Bitcoin making at run and you know, some of these
rooms having moved up a few multiples over the last week.
But what's your read, Logan? Do you think you think we're
going to see a pullback with swaps or the opposite?
Yeah, that makes sense to me. I mean, it, it's been a
frustrating experience I think for everybody on both the buy
and the sell side. So when you're making, in
particular, you're making the sell side potentially easier to
start that, that, that definitely makes sense.
Plus, and we had some questions about whether or not this
ecosystem would thrive or sort of dwindle as Bitcoin rocketed
up. And you know, Bitcoin has been
steadily moving up for what 2 full weeks now, like almost
30,000 U.S. dollar gain just in, in a single coin.
So, you know, I'm still, I'm still want to be paying
attention to this spot for sure. I, I don't have a whole lot of
love for the board as is. I like pups.
I like, I like billion dollar cat, Full disclosure, own pups,
own RSIC and a small bag of memento Mori.
It's all I have here. I still want to be paying
attention, but I, I like, I, I don't, nothing's compelling me
to like rush over there, make a purchase and maybe that's the
signal that like I probably should, right?
Because the attention is not there right now, but I want to
pay attention. Not really doing any.
I'm kind of sitting on my hands as is.
Seems like a good time for people with long term mindsets
to perhaps start looking over there and gradually do sing in.
But I mean, for anyone who's day trading like Solana is seeing
100 times the volume. So it's, it's kind of hard to to
compare right now. We'll, we'll see if and when
that changes. My gut rate is it's not really
going to. We'll, we'll see more action
here perhaps when the Solana Casino cools down a bit Yep,
topic we had on yesterday, we predicted where were this X copy
icons meant with art blocks come out came out right at 2 ETH.
So, so Congrats to anyone who got a mint on this one.
Just basically a free 2 ETH from the mint price.
So a very solid return. We'll we will see how this one
continues to age.