1 00:00:00,560 --> 00:00:06,200 Good morning. Good morning everyone, GMGM and 2 00:00:06,200 --> 00:00:09,160 welcome to another episode of FOMO Hour. 3 00:00:10,160 --> 00:00:18,320 Hey, it's Thursday a 22nd 2025 and depending on where you're at 4 00:00:18,320 --> 00:00:22,080 in the world, it is still Bitcoin all time high day. 5 00:00:22,560 --> 00:00:24,760 What a day. Bitcoin smashed through all time 6 00:00:24,760 --> 00:00:27,560 high 111,700. I think I saw a peak. 7 00:00:27,560 --> 00:00:31,400 It's 111,000 right now. A lot of other coins are moving 8 00:00:31,400 --> 00:00:34,960 too and the question how high are we going? 9 00:00:35,280 --> 00:00:37,040 We're going to break it all down on today's show. 10 00:00:37,040 --> 00:00:40,000 No, for Oak, he's travelling, he's got some meetings today, 11 00:00:40,000 --> 00:00:42,000 but we've got Mando and Logan in the house. 12 00:00:42,360 --> 00:00:48,960 And GM, how you doing? What AGM, What AGM, It was 13 00:00:48,960 --> 00:00:52,560 volatile yesterday, but it was, it was good. 14 00:00:52,960 --> 00:00:54,720 It's good. I expecting a same sort of day 15 00:00:54,720 --> 00:00:58,760 today. I think we, we're in, we're in 16 00:00:58,800 --> 00:01:01,520 some clean air at the moment. You, you never know where this 17 00:01:01,520 --> 00:01:03,880 is going to end when Bitcoin starts breaking all time highs. 18 00:01:04,040 --> 00:01:07,600 But it's been, it's been a fantastic 24 hours. 19 00:01:08,160 --> 00:01:10,600 Been fun to watch and, and how volatile was yesterday. 20 00:01:10,640 --> 00:01:14,560 We we, we got the technical all time high hit an immediate sell 21 00:01:14,560 --> 00:01:19,560 off like 3 1/2% just to to wipe some folks out. 22 00:01:20,080 --> 00:01:22,400 It'll happen again today. Just to let you know it'll 23 00:01:22,400 --> 00:01:27,160 happen exactly the same every day if you it is your first pick 24 00:01:27,160 --> 00:01:30,080 on all time high, which I I don't know if it will be, but 25 00:01:30,080 --> 00:01:32,240 know that every day is super volatile. 26 00:01:33,280 --> 00:01:34,400 No, you'll get a good entry. Well. 27 00:01:35,640 --> 00:01:37,240 It certainly played out like that yesterday. 28 00:01:37,520 --> 00:01:41,360 Logan, Jim, how are you feeling today as you celebrate Bitcoin 29 00:01:41,360 --> 00:01:43,120 all time High? Yeah, good morning. 30 00:01:43,120 --> 00:01:45,440 I'm feeling well. The weather is still miserable 31 00:01:45,440 --> 00:01:48,640 here, but the market cheering cheer me up a little bit. 32 00:01:48,640 --> 00:01:51,960 I got a text from my dad this morning asking me about what the 33 00:01:51,960 --> 00:01:55,200 easy and hard roads were, so I'm hoping we're getting ready. 34 00:01:56,040 --> 00:01:57,760 That's probably a bad sign, actually. 35 00:01:58,000 --> 00:02:00,080 Let's let's address that question for your dad. 36 00:02:00,480 --> 00:02:03,040 But I I hope we're getting ready for easy Rd. 37 00:02:04,240 --> 00:02:07,040 Yeah, well, your, your dad's clearly on top of that. 38 00:02:07,040 --> 00:02:09,400 And As for the weather, who cares what the weather is right 39 00:02:09,400 --> 00:02:11,160 now? Like it's easier when the 40 00:02:11,160 --> 00:02:14,080 weather's bad. It's easier just to stay in lock 41 00:02:14,080 --> 00:02:17,160 in on the screens a little bit because there's been a lot of 42 00:02:17,160 --> 00:02:19,520 action. Wasn't sure if it was going to 43 00:02:19,520 --> 00:02:22,880 be a just a Bitcoin rally with alts lagging, but it looks like 44 00:02:23,280 --> 00:02:25,000 some alts are starting to move. So we're going to talk about 45 00:02:25,000 --> 00:02:27,040 that on today's show. We're going to go through the 46 00:02:27,040 --> 00:02:28,560 market report. We're going to go through the 47 00:02:28,560 --> 00:02:30,920 SUI exploit cracking, breaking news. 48 00:02:30,920 --> 00:02:33,560 They're launching tokenized stocks, Solana Mobile in a new 49 00:02:33,560 --> 00:02:37,400 Solana ecosystem token tied to that lost coin and believe that 50 00:02:37,400 --> 00:02:41,160 they've got some new competition, a new rivalry in 51 00:02:41,160 --> 00:02:45,440 the ICM markets. We've got FIFA dropping on AVAX 52 00:02:45,560 --> 00:02:48,080 plus more. Before we dive in, shout out to 53 00:02:48,080 --> 00:02:50,400 our partner Wallet Connect. Wallet Connect is the 54 00:02:50,400 --> 00:02:52,960 connectivity network shaping the future of Monchain UX. 55 00:02:53,280 --> 00:02:55,760 If you've connected to a Web 3 app, you've seen Wallet Connect 56 00:02:56,000 --> 00:02:59,720 that blue logo, it's everywhere. An icon of trust in crypto as 57 00:02:59,720 --> 00:03:01,400 recognizable as a Visa at the checkout. 58 00:03:01,400 --> 00:03:04,640 If you want to learn more, follow at Wallet Connect on X 59 00:03:04,640 --> 00:03:07,160 and Telegram to stay ahead of what's next. 60 00:03:07,160 --> 00:03:09,800 We love our partners as always. I know. 61 00:03:09,880 --> 00:03:11,000 Be ready. Let's get into it. 62 00:03:15,720 --> 00:03:18,240 Who is the man Macro daddy of the land? 63 00:03:22,000 --> 00:03:24,400 Can you dig it? Yeah, everyone. 64 00:03:24,400 --> 00:03:26,920 So yeah, we did. We kind of already touched upon 65 00:03:26,920 --> 00:03:30,240 it a little bit, but we've seen Bitcoin smashed through the all 66 00:03:30,240 --> 00:03:32,400 time high. It just flirted with it, touched 67 00:03:32,400 --> 00:03:36,480 it and then dumped a little bit. I think I bought I bought ETH 68 00:03:36,480 --> 00:03:42,120 bag, I think at 20. Was it 2460 yesterday on one 69 00:03:42,120 --> 00:03:45,160 stage I think it was there was definitely it was 24 handle. 70 00:03:45,160 --> 00:03:49,000 I there was a few of these which just wicked horrifically and 71 00:03:51,480 --> 00:03:54,280 yeah, it was that, right? Yeah, 5460. 72 00:03:56,480 --> 00:04:00,200 I definitely bought some about that, but it was it was AI think 73 00:04:00,200 --> 00:04:01,480 we're just going to keep on seeing this. 74 00:04:01,960 --> 00:04:04,640 It's starting to hit, you know, mainstream starting to pick up 75 00:04:04,640 --> 00:04:06,400 on it. CNBCS run articles, you know, 76 00:04:06,400 --> 00:04:09,120 Bitcoin all time high yesterday was not a great day for for 77 00:04:09,120 --> 00:04:11,360 macro. So what you've been seeing in 78 00:04:11,360 --> 00:04:14,920 macro is bond yields have continued to go higher, but by 79 00:04:14,920 --> 00:04:17,360 bond yields, by the way, I just been like people's perception of 80 00:04:17,360 --> 00:04:20,839 what interest rates are going to be in the future and those 81 00:04:20,839 --> 00:04:25,880 continue to go higher. And because of the high amount 82 00:04:25,880 --> 00:04:29,200 of debt globally, you know, US 10 year, we've already spoken 83 00:04:29,200 --> 00:04:31,840 about if this goes up above 5%, it's going to be it's going to 84 00:04:31,840 --> 00:04:33,600 be a bit of a worry. And the stock market is starting 85 00:04:33,600 --> 00:04:36,400 to react a little bit. So it was down yesterday on the 86 00:04:36,400 --> 00:04:39,040 back of that, which is, which wasn't a great sign. 87 00:04:39,040 --> 00:04:43,560 And this is not just in the US either, like Japan is, is where 88 00:04:43,560 --> 00:04:46,360 people are most worried about and their bond yields just keep 89 00:04:46,360 --> 00:04:52,560 on hitting new highs. So strange 1 and increases the 90 00:04:53,520 --> 00:04:55,840 the worry about tail events. Ray Dalio's out there at the 91 00:04:55,840 --> 00:04:59,440 moment being like, you need to pay attention to this, like this 92 00:04:59,440 --> 00:05:00,960 is all going to end horrifically. 93 00:05:00,960 --> 00:05:04,200 And I don't think he's necessarily wrong, but I don't 94 00:05:04,280 --> 00:05:09,680 know if I think crypto could do well, let's say as one of the 95 00:05:09,680 --> 00:05:12,160 assets that performs well in even in that environment, gold 96 00:05:12,160 --> 00:05:14,320 will be the other one. But I do think that's why 97 00:05:14,320 --> 00:05:16,800 Bitcoin is so strong at the moment and probably why 98 00:05:16,800 --> 00:05:19,680 dominance has remained so strong as well, because this is not 99 00:05:19,680 --> 00:05:24,480 like a RIP roaring rally that's taken us to all time highs. 100 00:05:24,480 --> 00:05:30,840 It's been 1 where there's been fears just around the the chance 101 00:05:30,840 --> 00:05:33,520 of some sort of crazy thing happening in the bond market and 102 00:05:33,520 --> 00:05:35,880 and that nuking everything that's that's kind of taken 103 00:05:35,880 --> 00:05:39,360 Bitcoin, at least high Bitcoin dominance has has come down a 104 00:05:39,360 --> 00:05:44,920 touch today because ETH rallied and and most of the L1's also 105 00:05:44,920 --> 00:05:46,800 rallies had a little bit of an altcoin season. 106 00:05:46,800 --> 00:05:50,440 It's amazing how much alts move with just a small dip in Bitcoin 107 00:05:50,440 --> 00:05:52,560 dominance. Do you know what I mean Like 108 00:05:52,600 --> 00:05:59,160 Bitcoin dominance has gone from it's down half a percent today. 109 00:06:00,240 --> 00:06:05,800 How nuts is that? And and you've seen big moves 110 00:06:05,800 --> 00:06:08,040 across the board in all coins. The biggest ones have probably 111 00:06:08,040 --> 00:06:11,640 been hyper liquid continues to grab the attention. 112 00:06:11,880 --> 00:06:16,160 It's one of the few coins here which is doubt to breakthrough 113 00:06:16,160 --> 00:06:19,840 all time high and that was what it achieved back in December. 114 00:06:19,840 --> 00:06:22,080 So it's a 31. I think the all time high was 115 00:06:22,080 --> 00:06:25,640 around 3435. But a lot of positive momentum 116 00:06:25,640 --> 00:06:27,280 right now. I think the fact that James Wynn 117 00:06:27,280 --> 00:06:30,400 has got this like unbelievably massive trade on Hyper Liquid is 118 00:06:30,520 --> 00:06:35,000 very good advertisement for the for the whole thing as well. 119 00:06:35,200 --> 00:06:39,680 And it's been yeah, it's been a good, good, good trade, I think 120 00:06:39,680 --> 00:06:42,080 for everyone who's who's kind of been in it. 121 00:06:43,280 --> 00:06:45,440 The other big one big move is you start to see some of the, 122 00:06:45,680 --> 00:06:49,880 the, the major meme coins move. I would say so far coin finally 123 00:06:50,240 --> 00:06:53,920 broke 1.5 definitely been one of the better performers over the 124 00:06:53,920 --> 00:06:57,600 last 24 hours. Mog has had a decent move. 125 00:06:57,600 --> 00:06:59,400 You've had Pepe have a decent move. 126 00:06:59,400 --> 00:07:08,280 You've had I would say yeah, Eve eve memes and and some I think 127 00:07:08,280 --> 00:07:11,400 it says WIFT. WIFT did OK yesterday yeah, it's 128 00:07:11,520 --> 00:07:14,560 memes are definitely picking up, let's put it that way and AI 129 00:07:14,560 --> 00:07:17,480 those those narratives are coming back as the things that 130 00:07:17,480 --> 00:07:21,080 people want to own. I'd still be wary here just 131 00:07:21,080 --> 00:07:23,680 because I don't think participation is anywhere near 132 00:07:23,680 --> 00:07:27,520 as high in this rally as it was in previous ones and I think 133 00:07:27,520 --> 00:07:31,400 it's mainly around Bitcoin. So but it does feel as though if 134 00:07:31,440 --> 00:07:36,360 if can keep going, then an altcoin season can still can 135 00:07:36,360 --> 00:07:39,360 still be. So we talked about and people 136 00:07:39,360 --> 00:07:42,680 will automatically get drawn into the the most risky, risky 137 00:07:42,680 --> 00:07:50,360 stuff, right Macro news. I think the the biggest like 138 00:07:50,360 --> 00:07:54,960 crypto wide headline has been coming out about these these 139 00:07:54,960 --> 00:07:58,200 exchanges now moving into tokenized assets and it's moving 140 00:07:58,200 --> 00:08:00,640 quite quickly now. You had buy bit do it earlier in 141 00:08:00,640 --> 00:08:02,680 the week and then today you've had cracking come through and 142 00:08:02,680 --> 00:08:08,160 say we're going to do it too. It feels as though the next move 143 00:08:08,160 --> 00:08:10,880 would really be Coinbase here. They they'd spoken about doing 144 00:08:10,880 --> 00:08:14,600 tokenized coin, coin stock, if you remember on their platform. 145 00:08:14,600 --> 00:08:16,840 If they were to move it to other ones, that would be a very big, 146 00:08:19,640 --> 00:08:21,560 a big move. Particularly it would be for 147 00:08:21,560 --> 00:08:23,080 global users. I don't think they'd do it in 148 00:08:23,080 --> 00:08:25,720 the US, but that they clearly feel like they can do this. 149 00:08:25,720 --> 00:08:29,160 So I think that's a good sign, yeah. 150 00:08:29,280 --> 00:08:32,919 Other signs of like massive risk taking other than James Wynn, 151 00:08:33,120 --> 00:08:35,919 funding has not gone that high across the board. 152 00:08:35,919 --> 00:08:39,799 It's remained pretty low, but open interest has gone high. 153 00:08:39,799 --> 00:08:41,440 So I think there's a lot of people coming in and doing the 154 00:08:41,440 --> 00:08:46,640 basis trade. But yeah, it's not normally last 155 00:08:46,640 --> 00:08:49,440 time Bitcoin like went above these sort of levels, funding 156 00:08:49,440 --> 00:08:51,840 like really spiked, really, really spiked. 157 00:08:51,840 --> 00:08:54,800 And it hasn't these time these times. 158 00:08:54,800 --> 00:08:57,320 So it probably points to the idea that we probably are in a 159 00:08:57,400 --> 00:09:01,720 market of depressed funding for for a while now and only now 160 00:09:01,800 --> 00:09:04,520 that will change. There was a big deal for 161 00:09:04,520 --> 00:09:07,200 Worldcoin. They got 135 million led by 162 00:09:08,520 --> 00:09:11,800 A16Z. And then we've seen this morning 163 00:09:11,800 --> 00:09:19,960 that that one of the major D5 protocols on SUI is facing it 164 00:09:19,960 --> 00:09:22,120 was, it was still unclear to me because I'm not a dev, but like 165 00:09:22,120 --> 00:09:24,720 there was talk of either being hacked or that the Oracle 166 00:09:24,720 --> 00:09:27,360 provider, the major Oracle provider for the decks had been 167 00:09:27,800 --> 00:09:30,400 facing an exploit. Either way, there is someone 168 00:09:30,760 --> 00:09:33,800 draining 10s of millions of dollars from that platform right 169 00:09:33,800 --> 00:09:37,360 now and bridging to other change. 170 00:09:37,360 --> 00:09:43,080 I think he's bridging the eve. So that interestingly, Siri just 171 00:09:43,160 --> 00:09:46,400 hasn't really reacted. I think people just know like 172 00:09:46,400 --> 00:09:48,280 whenever this sort of stuff happens, you meant to like buy 173 00:09:48,280 --> 00:09:50,920 the dip, but Oh no, it's reacting a little bit more now 174 00:09:50,920 --> 00:09:55,520 actually like like rallied, which I thought was like kind of 175 00:09:55,520 --> 00:09:58,360 strange. But look, we've spoken about 176 00:09:58,360 --> 00:09:59,480 that. We don't really know what 177 00:09:59,840 --> 00:10:06,720 happens on SUI that that often. This was one of the few major D5 178 00:10:06,720 --> 00:10:10,680 protocols on SUI and for it to get hacked it it will really 179 00:10:10,680 --> 00:10:13,760 affect their TBLI. Don't can I bring it up live SUI 180 00:10:13,760 --> 00:10:19,560 TBL Sui TVL right now is down 10%. 181 00:10:19,560 --> 00:10:21,920 It's it's it had gone above 2 billion. 182 00:10:21,920 --> 00:10:25,800 It's now at 1.9. I don't know if that's even 183 00:10:25,800 --> 00:10:27,400 delayed. I would imagine a lot of people 184 00:10:27,400 --> 00:10:31,720 taking their money off sui right now and then some other 185 00:10:31,720 --> 00:10:32,920 headlines. Obviously this is this is a 186 00:10:32,920 --> 00:10:35,320 period right now where you're getting headlines from chains. 187 00:10:35,320 --> 00:10:40,120 There's a lot of like Solana week, Sui week, Avax week. 188 00:10:40,760 --> 00:10:43,440 Avalanche announced their partnership with with FIFA 189 00:10:43,560 --> 00:10:46,000 today. I thought it was big, but maybe 190 00:10:46,000 --> 00:10:48,040 not as big as people were making out to be. 191 00:10:49,760 --> 00:10:54,800 And yeah, that's about it. Yeah, and that's a great 192 00:10:54,800 --> 00:10:57,080 rundown. Maybe let's just take into this 193 00:10:57,080 --> 00:11:01,040 this we exploit a bit and then we'll go back to Bitcoin in 194 00:11:01,040 --> 00:11:04,720 majors here. So I think it's still a little 195 00:11:04,720 --> 00:11:07,400 unclear exactly what happened. So let's let's start there. 196 00:11:07,640 --> 00:11:10,680 I thought this breakdown from Abby, well, it was pretty good 197 00:11:10,680 --> 00:11:12,440 here. So basically see this protocol, 198 00:11:13,120 --> 00:11:18,440 one of the primary LP's on SWE suffered A Simpkin exploit it 199 00:11:18,440 --> 00:11:21,600 looks like and then the exploiters have been draining 200 00:11:21,680 --> 00:11:27,400 the LP's. What happened in the wake was 201 00:11:27,400 --> 00:11:32,520 basically all the top tokens on SWE instantly dropped 80 to 90% 202 00:11:33,280 --> 00:11:36,560 as the their liquidity pools were being drained. 203 00:11:36,560 --> 00:11:40,640 We see it still now. So like the number one like Lofi 204 00:11:40,640 --> 00:11:46,680 down 75%, this Hippo token down 80%, Squirt down 90%. 205 00:11:48,280 --> 00:11:52,000 So that was a part of the immediate impact there. 206 00:11:52,000 --> 00:11:54,840 It looks like it was 200 million in total so far. 207 00:11:54,840 --> 00:11:56,600 That's what the early reports are saying. 208 00:11:57,000 --> 00:11:59,200 So fairly significant as you mentioned, they they've been 209 00:11:59,200 --> 00:12:04,680 taking some of it off off chain. I think the USDC token on Suite 210 00:12:04,680 --> 00:12:07,640 D pegged quite a bit during all of this as well. 211 00:12:07,640 --> 00:12:10,440 I was unable to find the the specific chart for that. 212 00:12:12,320 --> 00:12:15,200 I think a couple reactions on my side. 213 00:12:15,200 --> 00:12:20,560 So the tote suite had reached $424.20 right before all this 214 00:12:20,560 --> 00:12:26,120 happened, likely one of the the bigger alt movers, I mean at 5 215 00:12:26,120 --> 00:12:29,440 or 6% and then now it's giving back those gains. 216 00:12:29,440 --> 00:12:32,480 I don't think it's huge surprise, but I haven't seen on 217 00:12:32,480 --> 00:12:35,000 the timeline and maybe this is not surprising. 218 00:12:35,000 --> 00:12:37,320 There's a lot of people who are personally impacted by this. 219 00:12:39,120 --> 00:12:43,440 Didn't that say a lot? You've seen a lot of folks kind 220 00:12:43,440 --> 00:12:46,320 of racing to talk about it. Yeah. 221 00:12:46,320 --> 00:12:49,600 I haven't seen anyone say like oh shit my my hippo position is 222 00:12:49,600 --> 00:12:53,600 down 80%. I forgot about sui Dang that. 223 00:12:54,280 --> 00:12:56,800 Was a big one. I think you have Moodang or. 224 00:12:57,120 --> 00:12:59,160 Not Moodang. Oh, so Moodang is up on the back 225 00:12:59,160 --> 00:13:01,040 of that. Oh, Jesus. 226 00:13:01,080 --> 00:13:04,000 Moodang is probably the play. Moodang is probably the play my 227 00:13:04,000 --> 00:13:06,840 friends. Those candles are tough. 228 00:13:07,680 --> 00:13:10,600 Wow, Yeah, it was. I'm going to. 229 00:13:10,800 --> 00:13:12,400 Buy some moodang. Why not? 230 00:13:12,400 --> 00:13:18,720 It was 300 million, so maybe the maybe Moodang backers were 231 00:13:18,720 --> 00:13:20,320 behind this to kill off one of their. 232 00:13:21,040 --> 00:13:23,840 Yeah, maybe this, Maybe this was really about Moodang all along. 233 00:13:24,600 --> 00:13:27,040 Moodang up 8%. Come for the hippo. 234 00:13:27,080 --> 00:13:33,120 You better not miss, you know. I wonder how O VS OG Moodang has 235 00:13:33,120 --> 00:13:41,400 been responding. We got check in on the OG 236 00:13:41,400 --> 00:13:44,400 mooding major mooding token spread here. 237 00:13:46,040 --> 00:13:49,160 I am curious what this means like I think this is a bit of a 238 00:13:49,160 --> 00:13:52,400 blow to sweet here and a little bit early to react. 239 00:13:54,360 --> 00:13:58,920 It was on my like top five, top eight list of like potential 240 00:13:58,920 --> 00:14:02,160 fastest alt horses in a in a Bitcoin rally. 241 00:14:02,600 --> 00:14:04,320 Now I'm curious if it gets crossed off the list. 242 00:14:04,320 --> 00:14:07,080 Logie, what do you think? Yeah, it's really interesting 243 00:14:07,080 --> 00:14:09,680 because we just talked about not really knowing too many people 244 00:14:09,680 --> 00:14:12,080 that are personally affected, yet at the same time it felt 245 00:14:12,080 --> 00:14:16,040 like this was a chain and a brand that just had a ton of 246 00:14:16,040 --> 00:14:21,760 momentum at least as as alts go. So same, same sort of thing for 247 00:14:21,760 --> 00:14:25,280 me, Tyler, like as far as considering other potential 248 00:14:25,280 --> 00:14:29,360 baskets, you know, should a real and true alt season come around. 249 00:14:29,360 --> 00:14:32,960 This was of course an ecosystem that I I kind of had on my list 250 00:14:32,960 --> 00:14:35,040 is like, hey, definitely want to check this out. 251 00:14:35,680 --> 00:14:39,080 And to me, yeah, this, this just feels like a major momentum 252 00:14:39,080 --> 00:14:41,240 staller. You know, kind of think about 253 00:14:41,240 --> 00:14:43,800 the NBA playoffs and things like that, how you can just feel the 254 00:14:43,800 --> 00:14:46,920 momentum of a moment shift so dramatically. 255 00:14:48,080 --> 00:14:52,320 Kind of feels like one of those events at the same time, as 256 00:14:52,320 --> 00:14:56,280 Mando noted, a lot of these things over time, you just get 257 00:14:56,280 --> 00:14:58,600 shrugged off, right. So they're they're it also 258 00:14:58,600 --> 00:15:02,440 presents a pretty clear opportunity likely with any very 259 00:15:02,440 --> 00:15:04,920 legitimate tokens. It's difficult with meme coins, 260 00:15:04,920 --> 00:15:07,560 of course, but like, yeah, you pull up walrus here. 261 00:15:07,840 --> 00:15:11,760 Any, any other like legitimate ecosystem assets here on SWE 262 00:15:12,640 --> 00:15:15,040 that you have conviction in, should you already know them or 263 00:15:15,040 --> 00:15:18,160 that you had interest in potentially learning about? 264 00:15:18,240 --> 00:15:21,240 You know, now is maybe a really good time to kind of like dig 265 00:15:21,240 --> 00:15:24,320 your claws in a little bit and see if there's something of 266 00:15:24,320 --> 00:15:31,400 substance here as attention and as, you know, feelings about we 267 00:15:31,400 --> 00:15:36,120 and these particular protocols may be kind of at a local low, I 268 00:15:36,120 --> 00:15:38,920 would imagine. So I, I think you could, I think 269 00:15:38,920 --> 00:15:41,560 you could go both ways. For me personally, it just feels 270 00:15:41,560 --> 00:15:44,680 like a yeah, feels like a definite, like a reset stall of 271 00:15:44,720 --> 00:15:47,400 a lot of momentum that it had been built in building over the 272 00:15:47,400 --> 00:15:49,800 last couple weeks. I think you brought you brought 273 00:15:49,800 --> 00:15:53,920 up a really good point and like we've seen this before, if the 274 00:15:53,920 --> 00:15:59,000 team comes out, addresses it, you know, perhaps finds a way to 275 00:15:59,000 --> 00:16:02,240 make impacted users whole. I think this is a a blip that 276 00:16:02,240 --> 00:16:06,160 you can get past. And to your point, maybe it 277 00:16:06,160 --> 00:16:12,200 slows down near term momentum. But with the the financial power 278 00:16:12,200 --> 00:16:16,080 behind this one, with folks like Raul Paul behind it, I'm 279 00:16:16,080 --> 00:16:20,240 definitely not going to cross it off the list of runners. 280 00:16:20,240 --> 00:16:24,040 Like I still I would not bet against Sui making a new all 281 00:16:24,040 --> 00:16:26,440 time high in 2025. Let's just say that. 282 00:16:27,040 --> 00:16:29,280 Yeah, I think one of the things I'm trying to like hit myself 283 00:16:29,280 --> 00:16:32,360 over the head with a little bit more recently too, and I think 284 00:16:32,360 --> 00:16:35,320 Mando has said this on the show and I think OSF has tweeted a 285 00:16:35,320 --> 00:16:39,200 handful of times as well, is like just like needing to be OK 286 00:16:39,200 --> 00:16:41,960 with buying the really bad headline stuff you. 287 00:16:42,280 --> 00:16:44,960 Know what I mean? If if the you know the 288 00:16:44,960 --> 00:16:48,320 conditions are right for it. Like, of course, if SUI or any 289 00:16:48,320 --> 00:16:52,200 other thing had bad headlines, you know, and, and it wasn't a 290 00:16:52,200 --> 00:16:55,800 real protocol or whatever, then you, you may not buy it. 291 00:16:55,800 --> 00:16:59,400 But if you actually like believe in Sui, you know, I'm not a 292 00:16:59,400 --> 00:17:01,560 foremost expert on it. But if, if you actually believe 293 00:17:01,560 --> 00:17:04,280 in it, like these really bad headlines present themselves 294 00:17:04,280 --> 00:17:07,440 with great opportunities. And I'm trying to get better 295 00:17:07,680 --> 00:17:11,240 just emotionally myself as like being OK, you know, 'cause I'm 296 00:17:11,240 --> 00:17:13,359 just like everybody else. And when the, the bad starts 297 00:17:13,359 --> 00:17:16,079 piling up, you get sheepish and, and scared. 298 00:17:16,960 --> 00:17:19,200 So I'm trying to beat myself over the head with that type of 299 00:17:19,200 --> 00:17:23,720 stuff that like, hey, now may be the time, right For for those 300 00:17:24,119 --> 00:17:27,200 that are seeking an opportunity. Yeah, very good call. 301 00:17:27,480 --> 00:17:29,080 Well, let's go back to the big dog. 302 00:17:29,520 --> 00:17:31,000 We had to talk about the sweet exploit. 303 00:17:31,000 --> 00:17:34,640 But the biggest news of the day is still by far Bitcoin new all 304 00:17:34,640 --> 00:17:38,640 time high. I think it hit one 11700 and 305 00:17:38,640 --> 00:17:41,840 11,750 overnight. Still hanging. 306 00:17:42,800 --> 00:17:46,600 OK, it's still hanging out at 111. 307 00:17:46,960 --> 00:17:49,000 Logan, your dad, he text you? I think that's a great question. 308 00:17:49,760 --> 00:17:52,360 Are we on the easy road or are we still on the hard Rd. 309 00:17:52,360 --> 00:17:57,680 So we're referencing Kobe who it was John Something who basically 310 00:17:57,680 --> 00:18:01,680 said the road to 110 K is the hard one and then the road to 311 00:18:01,680 --> 00:18:07,280 200 or 250 K is the easy 1. So do we think we finally have 312 00:18:07,280 --> 00:18:13,680 broken through 110 K for real? I don't know if that's directed 313 00:18:13,680 --> 00:18:18,200 at me, but I, I don't think I'm, I'm quite ready to say that we 314 00:18:18,200 --> 00:18:22,360 we've broken through, but it feels like we're getting ever 315 00:18:22,360 --> 00:18:24,000 closer that that's what I'll say. 316 00:18:24,000 --> 00:18:27,600 I mean, it was what just a just a couple months, which feels 317 00:18:27,600 --> 00:18:31,080 like eternity, you know, sort of this choppy stuff. 318 00:18:31,160 --> 00:18:34,480 And we're not too much above the all time high that we set. 319 00:18:34,480 --> 00:18:36,840 When was that? Was that November with the first 320 00:18:36,840 --> 00:18:39,600 one O 8 or whatever? December, December. 321 00:18:39,600 --> 00:18:43,440 OK, so I mean, five months feels like much, much longer than 322 00:18:43,440 --> 00:18:45,760 that. I think we're getting, I think 323 00:18:45,760 --> 00:18:48,600 we're getting close. It's just, it's difficult for me 324 00:18:48,600 --> 00:18:52,600 to, you know, I, I didn't pay close enough attention to like 325 00:18:52,600 --> 00:18:54,760 the Bitcoin moves during the last cycle. 326 00:18:54,760 --> 00:18:57,280 I, I was more focused on NF TS and stuff like, you know, like a 327 00:18:57,280 --> 00:19:00,040 lot of folks were. So it's difficult for me to 328 00:19:00,040 --> 00:19:03,200 remember the potential violence. I saw somebody tweet this 329 00:19:03,200 --> 00:19:06,520 morning, you know, about the move in 2017. 330 00:19:06,520 --> 00:19:09,000 It might have been Moon Overlord or something like just how 331 00:19:09,000 --> 00:19:11,640 violent it can get, how swiftly you can go up. 332 00:19:12,040 --> 00:19:15,920 It's difficult for me to know and feel and remember the the 333 00:19:15,920 --> 00:19:18,960 easy Rd. for real. So I'm sure I'll know when we 334 00:19:18,960 --> 00:19:20,320 get there. I think we're getting closer. 335 00:19:20,320 --> 00:19:22,920 I don't know that I'm ready to say we've maybe hit that 336 00:19:22,920 --> 00:19:27,440 accelerator path just yet. I'm looking back at 2017. 337 00:19:27,440 --> 00:19:31,000 This is really before my time. April 2017 Bitcoin was 1000 and 338 00:19:31,000 --> 00:19:33,920 it ran to 17,000. So I think that's the type of 339 00:19:34,040 --> 00:19:36,120 banana zone move folks are talking about. 340 00:19:37,120 --> 00:19:42,200 And then 2021, the parabolic move from October the year 341 00:19:42,200 --> 00:19:48,560 before 11 K up to 63 and a full 50% drawback by through summer 342 00:19:48,560 --> 00:19:52,880 in the late summer, so like in July bottom and then November 343 00:19:52,880 --> 00:19:58,280 was the peak 67 K before the that bear market started. 344 00:19:59,560 --> 00:20:02,680 What number do we need to hit to to the think that we're safely 345 00:20:02,680 --> 00:20:05,520 on the easy Rd. Is it one 15120? 346 00:20:07,960 --> 00:20:12,280 For me, again, not the foremost macro expert, but like a really 347 00:20:12,280 --> 00:20:16,360 big psychological for me would be more like 125 Ki. 348 00:20:16,360 --> 00:20:19,600 Don't I don't know why that's just the the number of stands 349 00:20:19,600 --> 00:20:22,640 out to me. Mando's going to have a much 350 00:20:22,640 --> 00:20:25,840 more, you know, educated guess here. 351 00:20:25,840 --> 00:20:28,120 I would I would imagine than what I can provide you. 352 00:20:29,520 --> 00:20:33,160 I, I actually have no, no clue. That's, that's kind of the good 353 00:20:33,160 --> 00:20:35,840 thing about this is that like when it, when it breaks all time 354 00:20:35,840 --> 00:20:39,080 high, there's nothing in the chart that can tell you when, 355 00:20:39,960 --> 00:20:43,200 when it will stop. Like if it's hitting new all 356 00:20:43,200 --> 00:20:47,520 time highs, you can judge from like the last time it broke like 357 00:20:47,520 --> 00:20:49,320 where it faced significant resistance. 358 00:20:49,320 --> 00:20:51,840 So I think the last all time high was well, like 72. 359 00:20:52,640 --> 00:20:55,680 And then when it broke that it kind of didn't really hit 360 00:20:55,680 --> 00:21:00,080 resistance until 90. And then we, we battled around 361 00:21:00,080 --> 00:21:01,720 there for a while and obviously then we went all the way back 362 00:21:01,720 --> 00:21:10,200 down to like 72. So when you say we've constantly 363 00:21:10,200 --> 00:21:13,080 breaking 110, what I would always say, I always say this 364 00:21:13,080 --> 00:21:14,360 like you will get another chance. 365 00:21:14,440 --> 00:21:17,120 You might even get another chance to buy Bitcoin below 100, 366 00:21:17,760 --> 00:21:19,560 just like have that in your mind. 367 00:21:20,200 --> 00:21:22,720 So like when you're like, oh, I need to go all in. 368 00:21:25,240 --> 00:21:27,880 The higher it goes, the less long you should be. 369 00:21:29,160 --> 00:21:32,960 Let's put it that way. So change that for your mindset 370 00:21:33,120 --> 00:21:35,560 a little bit more. Yes, some of the old coins will 371 00:21:35,560 --> 00:21:39,920 have some some huge moves, but you should have been longest 372 00:21:41,320 --> 00:21:45,720 AT80K and now you should know that the volatility is really 373 00:21:45,720 --> 00:21:48,680 going to pick up. So even in a day like I, I saw, 374 00:21:49,000 --> 00:21:51,640 I told you when we hit all time highs, I was selling some of my 375 00:21:51,640 --> 00:21:54,520 ETH position. I managed to buy back 5 or 6% 376 00:21:54,520 --> 00:21:56,800 lower than that on ETH. But that's not a small move. 377 00:21:59,640 --> 00:22:02,960 I would always be wary of being maxed long at the highs. 378 00:22:04,200 --> 00:22:09,320 You're not James Wynn. Speaking of big game James, 379 00:22:09,480 --> 00:22:11,960 let's pull up, let's pull up his position. 380 00:22:13,320 --> 00:22:20,920 So at one point he had a billion in this position on a huge 40X 381 00:22:20,920 --> 00:22:23,920 long on Bitcoin. He had 10X long on Pepe and it 382 00:22:23,920 --> 00:22:25,680 looks like he's also 10X long on sweet. 383 00:22:25,680 --> 00:22:30,240 I don't know if that's been added in the overnight, but he 384 00:22:30,240 --> 00:22:32,600 is down a bit on the the sweet long. 385 00:22:32,760 --> 00:22:34,560 Overall, his position's up 24,000,000. 386 00:22:34,840 --> 00:22:37,560 Notably during yesterday's volatility, he went from being 387 00:22:37,560 --> 00:22:42,880 up 13 million to down 19 in like an hour. 388 00:22:43,400 --> 00:22:46,880 So $32 million swing, but then it's bounced back. 389 00:22:47,200 --> 00:22:50,800 He's big in the green. I, well, I didn't realize. 390 00:22:50,840 --> 00:22:53,480 I didn't realize he got liquid. He was going to get liquidated 391 00:22:53,520 --> 00:22:56,280 at 90, at 90, whatever, it's happened. 392 00:22:56,280 --> 00:22:57,840 I thought that's what his entry was. 393 00:22:58,480 --> 00:23:00,120 His entry is pretty fucking high. 394 00:23:00,520 --> 00:23:03,280 It's high and he like he added to it. 395 00:23:03,360 --> 00:23:06,480 I think at one point his his his like average injury was like one 396 00:23:06,480 --> 00:23:10,640 O 8. Like to be long. 397 00:23:10,640 --> 00:23:14,520 A billion from 109 K like that is. 398 00:23:15,680 --> 00:23:21,960 That is ballsy to say the least. It is ballsy to to say the 399 00:23:21,960 --> 00:23:23,680 least. His what's been going around 400 00:23:23,680 --> 00:23:28,080 today is his pin to tweet. I don't get this guy chilling. 401 00:23:28,440 --> 00:23:30,200 He's chilling Moon pig. Right now. 402 00:23:30,640 --> 00:23:35,040 Oh yeah, he's so. Confused about everything about 403 00:23:35,040 --> 00:23:36,560 this. Why? 404 00:23:36,840 --> 00:23:39,560 Would he be doing that? Why does he need to do that? 405 00:23:40,040 --> 00:23:42,320 So many questions. Apparently this guy, I think 406 00:23:42,320 --> 00:23:45,920 Froak said yesterday, there's, I have not dug into this funding 407 00:23:45,920 --> 00:23:49,680 from like an Alameda source. He was early to the Pepe trade, 408 00:23:49,920 --> 00:23:54,280 bought Pepe at like 3 million or 300 K or something absurd and 409 00:23:54,280 --> 00:23:58,720 made some huge Pepe calls and now he's just along with a a $1 410 00:23:58,720 --> 00:24:03,320 billion position with Bitcoin. That's not enough for him. 411 00:24:03,400 --> 00:24:07,360 He's spending the rest of his time bull posting moon pic a a 412 00:24:07,400 --> 00:24:10,080 new meme coin that I've never even heard of before he was 413 00:24:10,080 --> 00:24:11,480 talking about it. It looks like this thing has 414 00:24:11,480 --> 00:24:15,480 actually been around for a little while but he sent it up 415 00:24:15,480 --> 00:24:20,120 160% in the last day. So this is the top meme mover on 416 00:24:20,120 --> 00:24:26,520 the board now closing in on 100K and if big game James is behind 417 00:24:26,520 --> 00:24:28,720 it that's that's enough for me. Just close where I did buy some 418 00:24:28,720 --> 00:24:32,280 of this before the show. So here we go. 419 00:24:33,680 --> 00:24:36,600 All right, all right, with James Wynn for a little bit, but I 420 00:24:36,640 --> 00:24:39,960 want what I want to talk about. He's now for big game James is 421 00:24:39,960 --> 00:24:43,840 that is that purely a moon pig thing is that is that now change 422 00:24:43,840 --> 00:24:46,720 your change your terminology around him. 423 00:24:47,160 --> 00:24:49,360 I feel like we're we're, we're good buddies now that we share 424 00:24:49,360 --> 00:24:50,440 the same meme coin. Position. 425 00:24:50,920 --> 00:24:52,280 So we're getting a little more chummy. 426 00:24:53,120 --> 00:24:54,920 Are you in a? Are you in a chat by any chance? 427 00:24:54,920 --> 00:24:57,480 You might as well go into the moon Pig Wales. 428 00:24:57,880 --> 00:25:00,040 I wish I'd be a lot richer if if I was. 429 00:25:00,880 --> 00:25:05,920 To the moon digs, you know. I'll get on that after the show, 430 00:25:05,920 --> 00:25:08,440 see if I can jump back. He's like, he was running in 431 00:25:08,440 --> 00:25:11,160 spaces yesterday too. It's just like a wild thing to 432 00:25:11,160 --> 00:25:13,880 do. But this is his pin tweet. 433 00:25:15,440 --> 00:25:18,800 He is saying that we're in the hope phase right now or April 434 00:25:18,800 --> 00:25:23,800 was hope, May, June optimism and saying in July blow off top. 435 00:25:26,240 --> 00:25:29,640 I don't know exactly what numbers he's calling for here. 436 00:25:30,080 --> 00:25:34,160 You would have to. I mean that's looks like 150 to 437 00:25:34,160 --> 00:25:35,600 me. I've never seen this chat 438 00:25:35,640 --> 00:25:36,880 before. What is this chat? 439 00:25:41,040 --> 00:25:42,280 OK. I know we're not. 440 00:25:44,240 --> 00:25:46,560 Brother, like every single fucking gay. 441 00:25:46,560 --> 00:25:50,200 I think I see this chart. I don't know. 442 00:25:50,200 --> 00:25:51,800 I've never seen this chart before. 443 00:25:51,800 --> 00:25:54,840 Once in my life when I used to trade in trap fire and then I 444 00:25:54,840 --> 00:25:58,200 came to crypto and it was just like the only chart that anyone 445 00:25:58,200 --> 00:26:02,120 looked at. Yeah, I'm with you there. 446 00:26:02,360 --> 00:26:06,200 But I think it's an interesting discussion on kind of where does 447 00:26:06,200 --> 00:26:08,680 where do things go from here. So basically this thesis is that 448 00:26:08,680 --> 00:26:14,440 Bitcoin blows off top this summer, July and then we dip 449 00:26:14,440 --> 00:26:17,440 back down and like following this, like we would potentially 450 00:26:17,440 --> 00:26:21,320 dip back down to like 100K below 100K, which to me is kind of 451 00:26:21,320 --> 00:26:25,840 hard to fathom that we would like what would send this to 150 452 00:26:25,840 --> 00:26:28,440 K and then all the way back. I feel like if we went all the 453 00:26:28,440 --> 00:26:30,960 way back and gave that. Global liquidity has come down a 454 00:26:30,960 --> 00:26:32,640 bit. Global liquidity has come down. 455 00:26:34,960 --> 00:26:41,120 So I would say, and this again is just my, my history of 456 00:26:41,160 --> 00:26:44,440 altcoin season is that they are generally 2 to 3 weeks long. 457 00:26:45,040 --> 00:26:50,680 And I would say it maybe started even a week ago with, with with 458 00:26:50,680 --> 00:26:53,200 pectra. So I would say maybe we have 459 00:26:53,200 --> 00:26:59,560 two, two weeks, maybe 3 and then I'd be wary. 460 00:27:00,160 --> 00:27:03,320 This is just my like people always think that altcoin season 461 00:27:03,320 --> 00:27:04,440 lasts for months. They do not. 462 00:27:04,560 --> 00:27:08,120 They really, really do not. That's. 463 00:27:08,120 --> 00:27:10,240 All we're going to get, it's going to be a little 464 00:27:10,240 --> 00:27:13,120 disappointed. But you can still have like 465 00:27:13,280 --> 00:27:16,360 stuff go to a billion, I'm not saying, but like it always moves 466 00:27:16,360 --> 00:27:20,320 so quick. Like Peanut went from 150 to a 2 467 00:27:20,320 --> 00:27:22,320 billion. You will have like you will see 468 00:27:22,320 --> 00:27:24,720 a few more of those stories. Yeah. 469 00:27:24,720 --> 00:27:27,800 I just, I'd just be wary. But if you think it's going to 470 00:27:27,800 --> 00:27:30,200 last until July, it's probably going to last until June. 471 00:27:30,200 --> 00:27:32,360 Do you know what I mean? Yeah, I think that's fair. 472 00:27:32,360 --> 00:27:36,920 And I don't want us to forget that Ethan is up 40% already. 473 00:27:38,000 --> 00:27:42,000 Yeah. And since May 7th, so in the 474 00:27:42,000 --> 00:27:46,920 last two weeks, it's up 1800. No, 2700 now. 475 00:27:46,920 --> 00:27:48,120 Nice. It's actually going up quite a 476 00:27:48,120 --> 00:27:52,720 bit. It's not the only Yeah, go 477 00:27:52,800 --> 00:27:54,600 ahead. Where was the peak for most 478 00:27:54,600 --> 00:27:56,000 alts? It was like December. 479 00:27:56,600 --> 00:28:01,200 Solana kept on going but most other things kind of peaked by 480 00:28:01,200 --> 00:28:05,480 the 1st week of Jan maybe or like the last week of December. 481 00:28:05,480 --> 00:28:10,640 It was. And I think start, yeah, that 482 00:28:10,640 --> 00:28:12,480 was 8 weeks. That was 6 I guess, wasn't it? 483 00:28:13,320 --> 00:28:16,000 Well a lot of people are are are going to misremember how the 484 00:28:16,000 --> 00:28:17,800 meme cycle went and think Trump was the top. 485 00:28:17,800 --> 00:28:22,000 But in fact memes actually topped in early December at Doge 486 00:28:22,160 --> 00:28:29,440 and then fell from 137 to 40. Wow, 100. 487 00:28:29,440 --> 00:28:30,000 Billion. So how long? 488 00:28:30,080 --> 00:28:31,600 How long was that? Let's just have a look at that. 489 00:28:32,160 --> 00:28:36,480 So peak, peak to peak and the meme coin market cap was from 490 00:28:36,720 --> 00:28:40,080 November. What was that dip there? 491 00:28:40,640 --> 00:28:44,280 So that was the 11th. So that was the. 492 00:28:44,280 --> 00:28:46,920 Election, yeah. Yeah, so like the election. 493 00:28:46,920 --> 00:28:48,720 So let's say the 5th of. It was a month. 494 00:28:50,280 --> 00:28:52,360 Yeah, yeah, that, that's what I would say. 495 00:28:52,360 --> 00:28:54,640 I think you got, you got a month and I would say there's, there's 496 00:28:54,640 --> 00:28:58,120 less participation in this one. So it could be, it could be 497 00:28:58,120 --> 00:29:01,480 less, but things can go wild in that time. 498 00:29:02,120 --> 00:29:06,480 Yeah, it's it makes for an interesting June set up for 499 00:29:06,480 --> 00:29:09,640 sure. I want to dig into what has been 500 00:29:09,640 --> 00:29:12,400 moving. So I mean, clearly like the top 501 00:29:12,400 --> 00:29:14,240 alt is high. I mean, man, this thing is going 502 00:29:14,240 --> 00:29:19,520 3150 now I'm out of position on this one. 503 00:29:19,960 --> 00:29:22,440 It basically feels like we're kind of getting into price 504 00:29:22,440 --> 00:29:25,440 discovery that the highest daily close is 32. 505 00:29:25,480 --> 00:29:30,640 It it did Wick higher. It Wick to about 35, but but 506 00:29:30,640 --> 00:29:35,120 it's it's basically an all time high as I I haven't seen the 507 00:29:35,120 --> 00:29:38,000 hard date on this. The the team they're printing 508 00:29:38,000 --> 00:29:40,360 fees and they're buying it somewhere between 3:00 and $5 509 00:29:40,360 --> 00:29:42,760 million back of the token per day. 510 00:29:45,200 --> 00:29:47,240 So I mean it, it's got a good narrative. 511 00:29:47,240 --> 00:29:51,080 It seems like a lot of folks behind it good fundamentals. 512 00:29:52,120 --> 00:29:55,440 Arthur Hayes is calling for a hundred, a hundred per height 513 00:29:55,440 --> 00:29:58,120 token. Do we think it gets there? 514 00:29:58,120 --> 00:30:00,280 Do we think this is the the main alt? 515 00:30:01,480 --> 00:30:03,560 Yeah, yeah, I do. I do. 516 00:30:03,560 --> 00:30:05,680 I think it goes to 100. I think PUPS also goes to 100. 517 00:30:05,800 --> 00:30:08,040 Arthur Hayes has been very good at calling these sort of things. 518 00:30:09,720 --> 00:30:15,200 Pups. Predictions for every single 519 00:30:15,200 --> 00:30:18,080 altcoin that he owns literally he just says every single one 520 00:30:18,080 --> 00:30:21,040 that he owns is going to multiple billions. 521 00:30:23,160 --> 00:30:27,720 I I I think hyper liquid could, but that would flip solana, just 522 00:30:27,720 --> 00:30:31,800 to be clear here right? So keep that in mind. 523 00:30:32,480 --> 00:30:40,240 I it it may, it may, yeah, I don't know. 524 00:30:40,560 --> 00:30:42,680 It looks expensive on some metrics. 525 00:30:42,800 --> 00:30:46,760 On the buy back, I think it looks expensive and on the but 526 00:30:46,760 --> 00:30:51,160 on the chain metrics it doesn't. But yeah, when when people try 527 00:30:51,160 --> 00:30:54,800 and compare it, they always compare against, they always 528 00:30:54,800 --> 00:30:57,280 compare against a theorem rather than radium. 529 00:30:58,680 --> 00:31:00,360 And that's that's an interesting one. 530 00:31:00,960 --> 00:31:03,000 I feel like I've been overly cautious on this one ever since 531 00:31:03,000 --> 00:31:06,880 I exited and you're coming on like late. 532 00:31:07,360 --> 00:31:10,080 Like it almost feels like late longs entering here. 533 00:31:10,120 --> 00:31:12,040 Like I mean, it's already made a huge move. 534 00:31:13,000 --> 00:31:16,440 I'm very like 100 is like such an easy number to call out. 535 00:31:16,440 --> 00:31:19,000 But then you're saying like it is literally it's going to be 536 00:31:19,000 --> 00:31:22,360 the same FTV as Solana. Like that doesn't feel right 537 00:31:23,440 --> 00:31:26,200 like that. That doesn't really pass the the 538 00:31:26,200 --> 00:31:32,040 snip test, the gut test for me. Now if Solana double S and Salon 539 00:31:32,040 --> 00:31:35,200 is at 200 billion, could have to do 100. 540 00:31:35,360 --> 00:31:38,200 Yeah, I think that's a different conversation perhaps. 541 00:31:40,240 --> 00:31:42,400 So I think you need to see some more upwards movement quite a 542 00:31:42,400 --> 00:31:45,440 bit and some of the other alt movers to get there. 543 00:31:46,400 --> 00:31:49,880 What also seems out to me is like why are are other protocols 544 00:31:49,880 --> 00:31:54,240 not copying this model? Like it just seems so obvious to 545 00:31:54,240 --> 00:31:56,360 me. So what would you mean by that? 546 00:31:56,520 --> 00:32:02,200 That also the debt spot Max yeah as long as it's GMX, there's 547 00:32:02,200 --> 00:32:04,520 none of them have just managed to get to scale I I don't know 548 00:32:04,520 --> 00:32:07,240 what has worked for hype and what didn't work for the others. 549 00:32:07,240 --> 00:32:08,920 I, I, that is a very good question. 550 00:32:08,920 --> 00:32:12,120 Like why did hype work so much better than the others? 551 00:32:14,080 --> 00:32:17,120 I think mainly because it got people, everyone got hooked on 552 00:32:17,120 --> 00:32:21,920 the air drop and it is a, it is a better platform. 553 00:32:22,800 --> 00:32:27,720 So the, and now it's got this like flywheel of like liquidity 554 00:32:27,720 --> 00:32:31,600 staying there, but I don't know if there's not going to be a 555 00:32:31,920 --> 00:32:35,000 better perp decks that comes out in five years. 556 00:32:35,000 --> 00:32:41,160 Do you know what I mean? Like it is this is not a Moat to 557 00:32:41,600 --> 00:32:43,600 a perp deck. There's lots of different ones 558 00:32:43,600 --> 00:32:45,040 that get created. I think it's interesting to see 559 00:32:45,040 --> 00:32:48,880 like if they will go down the route of tokenized stocks and 560 00:32:48,880 --> 00:32:51,320 stuff like that, like that is something that will draw even 561 00:32:51,320 --> 00:32:53,560 more people to the centralised exchanges if the centralised 562 00:32:53,560 --> 00:32:55,360 exchanges are the only ones that are able to do it. 563 00:32:56,080 --> 00:33:02,880 And you know, there's a lot of rules around perps, which This 564 00:33:02,880 --> 00:33:06,240 is why like Coinbase doesn't have that perps for a lot of 565 00:33:06,240 --> 00:33:08,680 things in the US, right? Only for commodities. 566 00:33:10,400 --> 00:33:12,680 There's a lot of questions with hyper liquid about whether like 567 00:33:14,040 --> 00:33:16,280 they are really going to have to operate in the same way that 568 00:33:16,280 --> 00:33:21,920 they have so far in the US because Coinbase only allows 569 00:33:21,920 --> 00:33:24,320 Bitcoin and ETH. Maybe is it right now and maybe 570 00:33:24,320 --> 00:33:29,320 like other things which are commodities, but largely it's a 571 00:33:29,320 --> 00:33:31,800 very difficult. That's the one thing they are 572 00:33:31,800 --> 00:33:34,360 going to regulate is perp Dexes. They've been pretty explicit 573 00:33:34,360 --> 00:33:36,640 about that. So we'll see. 574 00:33:36,960 --> 00:33:40,000 I'd like to be fair, hybrid has been a great trade. 575 00:33:40,000 --> 00:33:42,440 I'm not, I'm not trying to I'm just trying to say the things if 576 00:33:42,440 --> 00:33:46,320 you want to have your the things that you want to be aware of, if 577 00:33:46,320 --> 00:33:51,040 you want to go big in it is that you know that them facing some 578 00:33:51,040 --> 00:33:58,320 form of investigation or them or yeah, I think the valuation 1 is 579 00:33:58,320 --> 00:34:00,800 probably fine. Like I think no one really cares 580 00:34:00,800 --> 00:34:03,880 about the valuation in a bull market as long as James wins 581 00:34:04,160 --> 00:34:10,800 around. James Win has helped drive this. 582 00:34:11,800 --> 00:34:13,960 We might even give him full credit for the cyber liquid 583 00:34:13,960 --> 00:34:18,040 pump, even even the move from 9/9 to the 30. 584 00:34:18,040 --> 00:34:21,639 We'll give it to we'll give it to James the other alts there. 585 00:34:21,719 --> 00:34:26,480 I mean pretty undeniable with with the market flock to and I 586 00:34:26,480 --> 00:34:28,040 guess world coin had its own news. 587 00:34:28,760 --> 00:34:33,199 But when I look at this board, it's AI and memes. 588 00:34:33,679 --> 00:34:35,719 So you've got world, it's an AI trade. 589 00:34:35,760 --> 00:34:39,719 Tau is the number six mover at one point. 590 00:34:39,719 --> 00:34:42,400 Fed was up there as well. It's like a maybe yeah, that's 591 00:34:42,400 --> 00:34:46,400 top ten. Then you've got SPX part coin 592 00:34:47,719 --> 00:34:52,520 folky with so I I think it's some some clear signal at least 593 00:34:52,520 --> 00:34:55,199 early on. And what folks are going to be 594 00:34:55,199 --> 00:35:00,160 buying our coin? What what, what do we think 595 00:35:00,160 --> 00:35:02,560 here? It's just been grinding up. 596 00:35:03,200 --> 00:35:08,000 I think Froak said Dollar sixty is the next level we're going to 597 00:35:08,000 --> 00:35:11,240 get. The his charts his his. 598 00:35:11,600 --> 00:35:15,080 Charts, we go to $1.60 and then we'll do the the same song and 599 00:35:15,080 --> 00:35:17,640 dance where we just consolidate, dip. 600 00:35:17,640 --> 00:35:22,400 It probably goes back to $1.30. I'm just wondering. 601 00:35:23,160 --> 00:35:28,280 As a chart, it just looks so relaxed. 602 00:35:28,560 --> 00:35:31,600 Do you know what I mean? Like basically since 300 603 00:35:31,600 --> 00:35:35,560 million, it's just like this, this unbroken chain higher. 604 00:35:36,480 --> 00:35:39,160 It's kind of looks very similar to the Bitcoin chart actually. 605 00:35:39,800 --> 00:35:41,200 That's what I was thinking a little bit. 606 00:35:41,400 --> 00:35:45,040 Real tips, just it's kind of gone higher. 607 00:35:46,680 --> 00:35:49,480 It's unlike I, I don't really recall seeing many other meme 608 00:35:49,480 --> 00:35:53,000 charts like this and I've been deep in the the meme game since 609 00:35:54,320 --> 00:35:57,320 2023. Typically even like your 610 00:35:57,320 --> 00:36:01,920 outperformers like with had three big 70% drill downs before 611 00:36:01,920 --> 00:36:05,280 my vertical. I guess FARC one kind of had 612 00:36:05,280 --> 00:36:08,000 that last year. It had an early 70% dip. 613 00:36:09,200 --> 00:36:12,680 This one's, yeah, this is a 50 percent, 60% dip back in 614 00:36:12,680 --> 00:36:14,640 December. So maybe early on in in its life 615 00:36:15,040 --> 00:36:17,880 it did maybe the holder base. Maybe when the holder base just 616 00:36:17,880 --> 00:36:22,080 gets this big it it kind of softens out the curve about like 617 00:36:22,120 --> 00:36:28,920 152,000 holders on this thing. It's almost been like too comfy 618 00:36:28,920 --> 00:36:31,240 of a hold like if you know what I mean. 619 00:36:31,240 --> 00:36:33,400 Like that, there really hasn't been days where you're really 620 00:36:33,400 --> 00:36:36,200 sweet. It's definitely the coin to buy 621 00:36:36,200 --> 00:36:39,160 on any sort of a bad day. That's that is what Farpoint is. 622 00:36:39,200 --> 00:36:47,800 I think if it were to get a spot listing at Coinbase or Finance 623 00:36:48,080 --> 00:36:50,800 or Robin Hood, for example, that would be the thing that would 624 00:36:50,800 --> 00:36:54,520 make me more wary of buying a dip. 625 00:36:54,520 --> 00:36:57,320 Let's put it that way. Like if it would rally and then 626 00:36:57,320 --> 00:37:00,280 I would probably tell someone that that really happened just 627 00:37:00,280 --> 00:37:04,520 because I think that that's kind of part of the reason why 628 00:37:04,520 --> 00:37:06,440 there's always a such a strong bid for it. 629 00:37:06,440 --> 00:37:08,680 Like people know it's always going to get it will get a 630 00:37:08,680 --> 00:37:16,520 listing sometime soon. But yes, it is a very good dip 631 00:37:16,520 --> 00:37:19,400 buying sort of I'm trying to think what else is like feels 632 00:37:19,400 --> 00:37:27,120 just like that Pepe maybe, but Pepe, Pepe is a bit more 633 00:37:27,120 --> 00:37:31,200 volatile, I would say. And it's it's at times it's felt 634 00:37:31,200 --> 00:37:33,480 like, oh God, maybe that was it for the cycle for Pepe. 635 00:37:34,480 --> 00:37:36,920 It's it's really just been Bitcoin and far coin, which 636 00:37:37,000 --> 00:37:40,080 which have felt like that. I don't think there's really 637 00:37:40,080 --> 00:37:41,920 been anything else. It's just like, yeah, there's 638 00:37:42,000 --> 00:37:45,560 always a buy for it. Maybe Hyper Liquid would would 639 00:37:45,560 --> 00:37:48,080 be another one actually maybe hype. 640 00:37:48,120 --> 00:37:51,600 But hype at times also felt really fucking bad, right? 641 00:37:51,880 --> 00:37:53,520 I mean, this was a rough stretch for hype. 642 00:37:54,040 --> 00:37:57,160 Yeah, right. It had it faced the export. 643 00:37:57,240 --> 00:38:00,840 You went from 27 to 9. No, I mean, since over the last 644 00:38:00,840 --> 00:38:03,800 month, I mean over the last month, it does look like Hyper 645 00:38:03,800 --> 00:38:07,240 Liquid was another one of those coins that like if you didn't 646 00:38:07,320 --> 00:38:11,360 buy it at the start of this move, this broader move like 647 00:38:11,360 --> 00:38:12,800 you, you didn't really get a chance to. 648 00:38:14,320 --> 00:38:16,960 Yeah, it's been much easier since April 7th. 649 00:38:17,400 --> 00:38:20,920 That that is a fact. Sometimes I think I. 650 00:38:21,680 --> 00:38:25,040 Oh, man, what is Fartcoin's explosive mood? 651 00:38:25,040 --> 00:38:26,840 What's the catalyst? Pepe's four times bigger than 652 00:38:26,840 --> 00:38:28,840 it. I mean, Pepe's hanging out, 653 00:38:29,000 --> 00:38:30,560 casually hanging out at 6 billion right now. 654 00:38:30,560 --> 00:38:32,520 There's. There's big blasphemy about 655 00:38:32,520 --> 00:38:38,920 Pepe. That's, well, going for ship, my 656 00:38:38,920 --> 00:38:40,360 friend. Pepe is going for ship my 657 00:38:40,360 --> 00:38:42,760 friend. I want that dad, but I think I 658 00:38:43,520 --> 00:38:48,640 think all we want all the the boats to rise here's like that. 659 00:38:48,640 --> 00:38:51,000 That's what that's what raises the ceilings. 660 00:38:51,480 --> 00:38:55,520 Trump coin is still at. I mean, it's at 15 billion FTV. 661 00:38:56,160 --> 00:38:58,800 The Mason It's the dinner this week, no? 662 00:38:59,000 --> 00:39:01,040 Yeah, dinner's tonight. Oh wow. 663 00:39:01,920 --> 00:39:06,840 Justin Sun's in in Washington. Yeah, Bitcoin pizza day, Trump 664 00:39:07,160 --> 00:39:09,040 dinner day. It's a big. 665 00:39:09,680 --> 00:39:11,800 Day. Is that a conspiracy right 666 00:39:11,800 --> 00:39:13,200 there? Bitcoin all time high just 667 00:39:13,200 --> 00:39:16,120 happens to be in the day that that Trump holds a dinner. 668 00:39:18,680 --> 00:39:20,360 That's a little bit of conspiracy like. 669 00:39:21,040 --> 00:39:22,680 I'll get to take credit for it as well. 670 00:39:23,160 --> 00:39:25,560 If that's going to be a thing, I'm going to need Trump dinners 671 00:39:25,560 --> 00:39:26,160 every day. I. 672 00:39:27,560 --> 00:39:29,680 Mean that's not out of the question either There's been two 673 00:39:29,680 --> 00:39:34,640 this month and they are very likely to to continue. 674 00:39:34,640 --> 00:39:39,000 Well, let's keep going around the board the the out the risk 675 00:39:39,000 --> 00:39:43,040 curve AI tokens had a nice day as well. 676 00:39:44,760 --> 00:39:50,000 So I talked about the majors with Tau and set worldcoin. 677 00:39:51,040 --> 00:39:53,440 I guess virtual was kind of even, but there was some decent 678 00:39:53,440 --> 00:39:58,000 movers cookie moved quite a bit, so it it's continuing to grind 679 00:39:58,000 --> 00:40:01,680 up on the back of its info. If I launch wasn't sure if 680 00:40:01,680 --> 00:40:03,760 yesterday we were late. Looks like no, we weren't that 681 00:40:03,760 --> 00:40:05,360 late. It's up another 26% since 682 00:40:05,360 --> 00:40:09,960 yesterday's show. So cookie back up to a 250 683 00:40:09,960 --> 00:40:13,440 million FTV, still 8X off of Kaido. 684 00:40:14,440 --> 00:40:18,680 So, so perhaps some more room to run and that one a buzz up quite 685 00:40:18,680 --> 00:40:19,880 a bit. And there was a new pre sale 686 00:40:19,880 --> 00:40:23,080 yesterday, one of the better performing pre sales in 687 00:40:23,080 --> 00:40:25,720 sometime. This distributed AI token, 688 00:40:26,480 --> 00:40:30,800 they're looking to kind of like an AI version of of GRASS that 689 00:40:30,800 --> 00:40:32,880 the GRASS token I've seen it's like distributed compute. 690 00:40:32,880 --> 00:40:37,560 You can run it locally on your machines to empower a broader 691 00:40:37,560 --> 00:40:40,400 scaling of AI tools and products. 692 00:40:41,120 --> 00:40:43,680 So this thing shot out of the gate, hit 50 million. 693 00:40:43,680 --> 00:40:44,720 It's kind of been chopping a little bit. 694 00:40:44,720 --> 00:40:47,480 So it was around 35,000,000. The presale was 30 was 15. 695 00:40:48,040 --> 00:40:54,720 So presale was up 2 1/2 X. The other one was the new Launch 696 00:40:54,720 --> 00:40:57,960 Coin competitor. So I'm not sure if folks saw 697 00:40:57,960 --> 00:41:01,120 this a bit of drama on the Internet capital markets 698 00:41:01,120 --> 00:41:04,080 yesterday. So, so Launch Coin had been 699 00:41:04,080 --> 00:41:10,400 cruising up to 260 million now down 25% on the day, hanging out 700 00:41:10,680 --> 00:41:14,520 on 185 and around support the the broader ecosystem down quite 701 00:41:14,520 --> 00:41:16,000 a bit. It was like 430 yesterday 702 00:41:16,000 --> 00:41:17,320 morning. It's at 300 million now. 703 00:41:17,600 --> 00:41:22,360 So it's down about 30%. And part of the driver, let's 704 00:41:22,360 --> 00:41:25,080 see if I've got the tweet is from a new competitor. 705 00:41:25,080 --> 00:41:32,800 So gavel came out yesterday, but they're more their their model 706 00:41:32,800 --> 00:41:35,760 is a more, they're going for more equitable on chain token 707 00:41:35,760 --> 00:41:37,280 distribution. Basically what they mean is a 708 00:41:37,280 --> 00:41:40,160 way to avoid snipers. So their models. 709 00:41:41,560 --> 00:41:45,640 Just this looks so Silicon Valley it's not even funny. 710 00:41:47,400 --> 00:41:49,800 You know, there's like everything about that just looks 711 00:41:49,800 --> 00:41:55,240 like Silicon Valley. We we're going to gavel your new 712 00:41:55,320 --> 00:42:00,000 like all better VCI Bet they've got a great presentation. 713 00:42:00,440 --> 00:42:05,080 They've probably got like a nice little video trailer for the 714 00:42:05,080 --> 00:42:06,640 whole thing. God, I just makes me want to 715 00:42:06,640 --> 00:42:07,840 throw up my mouth looking at that. 716 00:42:09,120 --> 00:42:11,440 And continue, Yeah, sorry about that. 717 00:42:11,440 --> 00:42:12,480 Yeah. So I've basically described what 718 00:42:12,480 --> 00:42:13,800 it is. So they they have a little bit 719 00:42:13,800 --> 00:42:18,400 better model for how these ICM tokens. 720 00:42:18,680 --> 00:42:22,320 So in a couple of markets team like a real builders launching a 721 00:42:22,320 --> 00:42:25,160 product and who want to launch a token, they can do it. 722 00:42:25,520 --> 00:42:28,520 It's not exactly like open public markets where snipers can 723 00:42:28,520 --> 00:42:30,640 take advantage. They they use like a a pre sale. 724 00:42:30,640 --> 00:42:34,480 So it can still be public, but in a more fairway. 725 00:42:34,480 --> 00:42:39,200 I think what caught everyone's notice was Raj Solano Raj 726 00:42:39,200 --> 00:42:41,360 rallied behind this, totally rallied behind this. 727 00:42:41,360 --> 00:42:44,560 Kobe said it was cool and someone's retweeting this. 728 00:42:44,560 --> 00:42:48,440 So like everyone was kind of in the a lot of people saw this at 729 00:42:48,440 --> 00:42:50,040 rallied. They launched their initial 730 00:42:50,040 --> 00:42:57,480 token IBRL, which soared out of the gate to 70 million briefly 731 00:42:57,480 --> 00:43:01,680 60 plus sold off about 50% now hanging out around 40 million. 732 00:43:03,800 --> 00:43:09,160 So couple impacts new launch coin believe app competitor when 733 00:43:09,160 --> 00:43:12,560 this dropped came out it everything sold off was a 734 00:43:12,560 --> 00:43:19,440 massive liquidity suck, which to me is kind of a a sign of health 735 00:43:19,560 --> 00:43:23,800 or lack thereof in this broader ecosystem right now. 736 00:43:23,920 --> 00:43:27,880 That one $50 million runner just destroyed everything else on the 737 00:43:27,880 --> 00:43:34,320 board in the ICM era sector memes were were fine, but then 738 00:43:34,320 --> 00:43:37,480 it also forced Ben Pasternak to to respond. 739 00:43:37,480 --> 00:43:41,400 So he immediately came out and, and shared an update about the 740 00:43:41,400 --> 00:43:46,680 new website live, more endorsed launches happening, which which 741 00:43:46,680 --> 00:43:50,000 was the next round of flood because then this club token, 742 00:43:50,000 --> 00:43:51,800 this this founder launched this club token. 743 00:43:52,120 --> 00:43:54,560 Pashmak responded with eyeball emojis. 744 00:43:54,560 --> 00:43:57,040 So people start piling in. Then the founder launched a 745 00:43:57,040 --> 00:43:59,480 second token. Total chaos. 746 00:44:00,640 --> 00:44:04,920 And I think that is what drove this kind of second leg down. 747 00:44:05,680 --> 00:44:06,160 So what? What? 748 00:44:07,120 --> 00:44:09,760 Can I ask what do you own now? Tyler, I know you like you get 749 00:44:09,760 --> 00:44:12,080 involved in a lot of different stuff and made-up to reveal 750 00:44:12,120 --> 00:44:13,880 everything, but what are what are your main plays? 751 00:44:13,880 --> 00:44:17,360 Because I think my plays are a bit more bigger things right 752 00:44:17,360 --> 00:44:19,120 now. Like I own right now in ETH, 753 00:44:20,440 --> 00:44:23,120 pretty much every ETH major ETH meme coin. 754 00:44:23,120 --> 00:44:25,400 And it's a pepper and it's a mog rect, obviously. 755 00:44:25,760 --> 00:44:28,000 Solano. I have Epic obviously, and then 756 00:44:28,520 --> 00:44:33,040 have a bit of Falk coin, but that's kind of it. 757 00:44:33,320 --> 00:44:34,840 And I just bought some Moodang, actually. 758 00:44:35,520 --> 00:44:39,760 Cheeky bit of Moodang. What What, what are you involved 759 00:44:39,760 --> 00:44:42,080 in? That's the long tail of Tyler's 760 00:44:42,080 --> 00:44:45,200 portfolio. Bitcoin and far coin barbell is 761 00:44:45,200 --> 00:44:47,040 like 80%. OK. 762 00:44:49,880 --> 00:44:52,240 Wrecked is my third biggest position now, I'm happy to 763 00:44:52,240 --> 00:44:55,800 report. So that's been a big one. 764 00:44:55,840 --> 00:45:01,800 I've been getting into a couple other ETH memes and I actually 765 00:45:01,800 --> 00:45:04,280 trimmed 75% of my long score position yesterday. 766 00:45:04,920 --> 00:45:07,000 So like that had been one of my bigger positions. 767 00:45:08,640 --> 00:45:11,200 I think yesterday was a sign a that they're going to face more 768 00:45:11,200 --> 00:45:13,000 competition. I don't know if Gabel is the one 769 00:45:13,000 --> 00:45:16,360 that's going to disrupt them, but it's unclear. 770 00:45:16,360 --> 00:45:19,520 They have a huge Moat. There's still a bull case. 771 00:45:19,520 --> 00:45:21,240 So I don't want to say I've given up on launch coin. 772 00:45:21,400 --> 00:45:25,160 If if passion, I can team bring some good founders to the table 773 00:45:25,240 --> 00:45:28,840 with good successful projects. It can certainly rally again so 774 00:45:28,840 --> 00:45:32,200 that there's still a bull case, but the bear case has a higher 775 00:45:32,200 --> 00:45:34,240 likelihood I think now than perhaps it did. 776 00:45:34,240 --> 00:45:37,720 And then yesterday's flooded launch, I think it was just 777 00:45:37,720 --> 00:45:42,720 another one. So trim that I'm not really like 778 00:45:42,720 --> 00:45:46,400 I I have been dabbling in the salon meme ecosystem, but in a 779 00:45:46,400 --> 00:45:49,480 much smaller scale. So just like small bets, just to 780 00:45:49,480 --> 00:45:52,120 have some fun on a day-to-day basis, nothing crazy. 781 00:45:52,760 --> 00:45:55,960 So like moon Pig's not like some massive position for you or like 782 00:45:55,960 --> 00:45:58,080 you're not in all in on like house coin or anything like 783 00:45:58,080 --> 00:46:01,040 this, because I know some if that's really interesting, isn't 784 00:46:01,080 --> 00:46:03,280 it, Because I feel like we we all were involved in a lot more 785 00:46:03,280 --> 00:46:06,600 of those sort of coins as Bitcoin was breaking all time 786 00:46:06,600 --> 00:46:09,880 high last time. Yeah, I feel like I'm playing 787 00:46:09,880 --> 00:46:12,280 much tighter. Yeah. 788 00:46:12,280 --> 00:46:15,360 And I feel like other people are as well, but that that's my 789 00:46:15,400 --> 00:46:16,840 read. But but Logan curious for for 790 00:46:16,840 --> 00:46:19,320 your. Reason, yeah, same goes for me. 791 00:46:19,320 --> 00:46:22,040 I'm I'm not like actively really doing too much. 792 00:46:22,040 --> 00:46:24,560 Some of that was because you know, I just got back from Peru 793 00:46:24,560 --> 00:46:30,160 and stuff, but other part is because I feels just so much 794 00:46:30,160 --> 00:46:33,520 safer and some of those other assets and it also feels 795 00:46:33,520 --> 00:46:38,160 simultaneously foolish to be dumping money into Moon Pig and 796 00:46:38,160 --> 00:46:41,480 shit like that when Bitcoin is breaking all time highs. 797 00:46:41,480 --> 00:46:42,400 Well. You shouldn't feel. 798 00:46:44,280 --> 00:46:46,640 That, well, I don't know if you know, that's just like some sort 799 00:46:46,640 --> 00:46:51,280 of emotional feeling that you know, is isolated to me or or 800 00:46:51,280 --> 00:46:55,800 not, but every dollar that I'm not putting towards, you know, 801 00:46:55,800 --> 00:46:59,040 like a, a Bitcoin type play, you know, those we talk about what, 802 00:46:59,200 --> 00:47:02,720 you know, what is felt like that safe grind, steady grind up far 803 00:47:02,720 --> 00:47:05,040 coin Bitcoin, like every dollar that I'm not putting towards 804 00:47:05,040 --> 00:47:08,760 those just feels wasted elsewhere. 805 00:47:08,760 --> 00:47:10,920 You know what I mean? And I'm not highly confident 806 00:47:10,920 --> 00:47:14,720 because I, I was not actively participating in the trenches 807 00:47:14,720 --> 00:47:16,280 and stuff. I just, I don't have any feel 808 00:47:16,280 --> 00:47:22,200 for what's going on. And as you noted, $150,000,000 809 00:47:22,200 --> 00:47:24,800 runner is, is pulling from everything else. 810 00:47:25,160 --> 00:47:28,040 There's just, there's just not allowed, not enough love to go 811 00:47:28,040 --> 00:47:31,640 around right now. So if you are trying to like, 812 00:47:31,680 --> 00:47:34,760 you know, who knows, maybe enjoy your summer if the sun ever 813 00:47:34,760 --> 00:47:36,520 shines here again or stuff like that. 814 00:47:38,400 --> 00:47:41,920 You, you really, you really are not enjoying the weather, man. 815 00:47:41,920 --> 00:47:44,720 Go back to Peru. I need to get back to Peru. 816 00:47:44,720 --> 00:47:47,160 It's so bad it rains. Dude, you need to get out of 817 00:47:47,160 --> 00:47:50,120 there right now. It rains every freaking day 818 00:47:50,120 --> 00:47:54,280 here. But anyway, yeah, I mean, if, if 819 00:47:54,280 --> 00:47:56,880 that stuff ever comes around, I want to feel a little bit better 820 00:47:56,960 --> 00:48:02,160 whilst still holding, you know, to upward trajectory. 821 00:48:02,680 --> 00:48:05,440 I just, I just feel silly putting the money elsewhere. 822 00:48:05,960 --> 00:48:07,960 Oh, I mean I'm looking at I'm scrolling this decks board there 823 00:48:07,960 --> 00:48:11,440 like there's nothing going on. Like there's not like not really 824 00:48:11,440 --> 00:48:14,720 any new memes running like. How much is Liboo Boo to me 825 00:48:14,720 --> 00:48:15,600 today? What what? 826 00:48:15,640 --> 00:48:19,240 What's that? Our our, our, our social intern 827 00:48:19,240 --> 00:48:20,720 was tatting Lib Boo Boo very early. 828 00:48:20,960 --> 00:48:26,160 He was in it like 2 months next on that. 829 00:48:26,200 --> 00:48:29,800 So this is I guess this is one of the biggest moves of the day 830 00:48:29,800 --> 00:48:31,960 as well. It's about 160% Boo Boo. 831 00:48:32,280 --> 00:48:35,960 I guess Asia loves these things is the pitch that I was told Aja 832 00:48:35,960 --> 00:48:43,360 loves this la Boo Boo. I don't know anything bro, but 833 00:48:43,560 --> 00:48:45,120 the the intern's quite happy today. 834 00:48:45,600 --> 00:48:47,680 Big on we Boo. Big on WeChat. 835 00:48:48,680 --> 00:48:51,520 We got a couple minutes left. Logie, I wanted you to take us 836 00:48:51,520 --> 00:48:52,840 through a couple other of the stories. 837 00:48:52,840 --> 00:48:55,360 So the Solana mobile story is actually pretty big. 838 00:48:56,000 --> 00:48:58,400 So can you give us the the the quick rundown on this? 839 00:48:59,240 --> 00:49:02,080 Yeah, so of course everybody knew the Seeker was coming. 840 00:49:02,080 --> 00:49:05,040 It's a second generation mobile phone following the saga. 841 00:49:05,040 --> 00:49:08,680 What we didn't know and what was announced yesterday was that one 842 00:49:08,680 --> 00:49:10,880 pre-orders will start shipping on August 4th. 843 00:49:11,160 --> 00:49:14,280 So people who have placed the pre-order should expect phones 844 00:49:14,280 --> 00:49:17,720 in the next couple months. And then also too, it's coming 845 00:49:17,720 --> 00:49:21,360 with a new decentralized sort of infrastructure and architecture. 846 00:49:21,800 --> 00:49:25,280 And perhaps the biggest thing here that I've buried is that 847 00:49:25,280 --> 00:49:29,400 the Seeker SKR token, the native asset kind of of the Solana 848 00:49:29,400 --> 00:49:34,640 mobile ecosystem designed to be just that, you know, beyond just 849 00:49:34,640 --> 00:49:37,000 one phones. This is not just like a Seeker 850 00:49:38,040 --> 00:49:42,080 phone, not to mix the two, but not just a Seeker phone token, 851 00:49:42,360 --> 00:49:44,920 but really for the entire Solana Mobile ecosystem. 852 00:49:44,920 --> 00:49:48,560 So I spoke to the GM of Solana Mobile yesterday for the 853 00:49:48,560 --> 00:49:50,280 article. It's up on decrypt and you know, 854 00:49:50,280 --> 00:49:52,520 he told me that they want to bring everybody along for the 855 00:49:52,520 --> 00:49:54,520 ride, everybody who's participating in this ecosystem 856 00:49:54,880 --> 00:49:58,040 and what they've done with T pin and sort of opening, creating 857 00:49:58,040 --> 00:50:02,520 this sort of decentralized open mobile ecosystem, you know, 858 00:50:02,520 --> 00:50:06,240 which is designed to sort of think about it from a developer 859 00:50:06,240 --> 00:50:09,640 perspective. You know, where Apple and all 860 00:50:09,640 --> 00:50:13,160 the all the gatekeeping and all those concerns, right, that have 861 00:50:13,360 --> 00:50:16,880 forever been brought up as it relates to crypto apps and you 862 00:50:16,880 --> 00:50:19,600 know, just apps in general, trying to make that an open 863 00:50:19,600 --> 00:50:23,080 network, this open, permissionless, trustless 864 00:50:23,480 --> 00:50:26,160 network for developers, users, participants. 865 00:50:26,720 --> 00:50:28,800 And so that's where you know that the token and the 866 00:50:28,800 --> 00:50:32,120 infrastructure come into play token to power things, the 867 00:50:32,120 --> 00:50:36,760 native asset of that ecosystem and the infrastructure, which is 868 00:50:36,760 --> 00:50:38,640 called T pin. I'm not the technical guy, so 869 00:50:38,640 --> 00:50:40,840 I'm not going to break it down here on the show for you, but 870 00:50:41,000 --> 00:50:45,480 you can learn more about it that to help, you know, empower it 871 00:50:45,520 --> 00:50:49,360 quite literally. So yeah, I guess we'll see what 872 00:50:49,360 --> 00:50:51,560 what it looks like. We don't know token launch 873 00:50:51,560 --> 00:50:53,360 details. We don't know tokenomics or 874 00:50:53,360 --> 00:50:55,680 anything just yet at this point in time. 875 00:50:55,680 --> 00:50:58,280 But we do know the phone is coming in early August. 876 00:50:58,920 --> 00:51:01,000 It's still available for pre-order, I think around 877 00:51:01,000 --> 00:51:02,920 $500.00. So it's about a five. 878 00:51:02,920 --> 00:51:07,800 It's about 50% cheaper than the saga was, and it was, it was 879 00:51:07,800 --> 00:51:10,480 interesting chatting because, you know, mobile experiences for 880 00:51:10,480 --> 00:51:14,480 crypto thus far have been really hit or miss and probably mostly 881 00:51:14,480 --> 00:51:16,440 miss. You know, when I spoke with 882 00:51:16,480 --> 00:51:21,760 Emmett Holier of Solana Mobile yesterday, he mentioned that he 883 00:51:21,760 --> 00:51:23,560 doesn't think anybody's cracked the code yet. 884 00:51:23,640 --> 00:51:25,760 You know, and that's what they're kind of looking to do is 885 00:51:25,760 --> 00:51:28,840 that most experiences for crypto have been sort of, hey, let's 886 00:51:28,840 --> 00:51:31,960 take this website and make it mobile responsive, which is 887 00:51:31,960 --> 00:51:33,880 largely just kind of like shrink things down. 888 00:51:34,120 --> 00:51:36,360 They're trying to actually, you know, solve for it and make the 889 00:51:36,360 --> 00:51:39,200 crypto experience usable on mobile. 890 00:51:40,360 --> 00:51:42,480 So we'll see, see how how they do. 891 00:51:42,480 --> 00:51:47,920 And the it's interesting I've seen people interpret this as 892 00:51:47,920 --> 00:51:49,920 now Solana has a second ecosystem token. 893 00:51:51,600 --> 00:51:55,640 Yeah, I actually, I asked him, I asked him pretty clearly why. 894 00:51:55,680 --> 00:51:59,240 Why launch this token when Solana exists, right? 895 00:51:59,240 --> 00:52:01,400 It's already a great token, you know, with great brand 896 00:52:01,400 --> 00:52:03,720 recognition, and they want something that's purely 897 00:52:03,720 --> 00:52:06,280 representative of the Solana mobile ecosystem. 898 00:52:06,560 --> 00:52:08,520 I don't have the article up in front of me, so I don't want to 899 00:52:08,520 --> 00:52:10,480 botch his quote or anything. But, you know, it's largely 900 00:52:10,480 --> 00:52:15,440 around those lines that they wanted something solely 901 00:52:15,440 --> 00:52:17,840 representative of the Solana mobile ecosystem. 902 00:52:17,840 --> 00:52:21,480 It will live, of course on Solana, you know, as a Solana 903 00:52:21,480 --> 00:52:24,880 token, everything they do is built on Solana as well. 904 00:52:24,880 --> 00:52:27,680 But they want, they wanted something to represent just this 905 00:52:27,680 --> 00:52:31,920 mobile ecosystem as kind of like an, you know, an isolated asset 906 00:52:31,920 --> 00:52:35,200 from, you know, the rest of of everything else that's going on. 907 00:52:35,200 --> 00:52:37,800 I. Think it's that big backing, 908 00:52:37,800 --> 00:52:39,200 right. It's probably going to have the 909 00:52:39,200 --> 00:52:42,160 Solana Foundation behind it totally all those folks. 910 00:52:42,160 --> 00:52:46,720 So it's going to be interesting. We'll see if it if it's bearish 911 00:52:46,720 --> 00:52:48,200 on slot. I don't. 912 00:52:48,200 --> 00:52:50,080 My gut is that it's not. I think you. 913 00:52:50,080 --> 00:52:50,960 Can. I don't think so if. 914 00:52:50,960 --> 00:52:53,280 You're that's separate enough and distinct that it's not 915 00:52:53,720 --> 00:52:57,520 really a second ecosystem token, but I didn't find that an 916 00:52:57,520 --> 00:52:59,440 interesting reaction. Look, we're almost out of time 917 00:52:59,440 --> 00:53:02,800 Logie, but the FIFA story, there's a lot of FIFA fans out 918 00:53:02,800 --> 00:53:04,480 there. You wrote the article, you just 919 00:53:04,480 --> 00:53:06,560 give us the the quick TLDR on. This one, sure. 920 00:53:06,560 --> 00:53:09,040 So FIFA announced actually at the end of April that they would 921 00:53:09,040 --> 00:53:12,080 be migrating away from Algorand. They have a collect, FIFA 922 00:53:12,080 --> 00:53:15,000 Collect, which is like Top Shop, but soccer, football 923 00:53:15,000 --> 00:53:17,160 collectibles. They announced at the end of 924 00:53:17,160 --> 00:53:19,720 April that they were going to be migrating to its own chain. 925 00:53:19,720 --> 00:53:21,440 We didn't really know much more beyond that. 926 00:53:21,800 --> 00:53:23,640 The announcement from this morning is that they are 927 00:53:23,640 --> 00:53:28,280 building their own L1 via Avalanche, Avalanche's Ava Cloud 928 00:53:28,840 --> 00:53:32,680 product, which just allows them to again control their own, you 929 00:53:32,680 --> 00:53:34,920 know, basically their own layer one block chain. 930 00:53:35,440 --> 00:53:37,880 So other than that that, you know, that platform is migrating 931 00:53:37,880 --> 00:53:39,360 over. That's kind of the first step, 932 00:53:40,040 --> 00:53:42,160 but they did indicate in the release that, you know, future 933 00:53:42,160 --> 00:53:44,960 business cases and use cases are being discussed. 934 00:53:44,960 --> 00:53:46,400 We don't exactly know what those are. 935 00:53:47,200 --> 00:53:51,240 I got a quote there from chief business officer at Ava Labs who 936 00:53:51,240 --> 00:53:54,280 just mentioned that, you know, this is a a big win for 937 00:53:55,720 --> 00:53:58,480 potential adoption people. You know, this is a massive, 938 00:53:58,480 --> 00:54:00,880 massive organization, as you mentioned, tons and tons and 939 00:54:00,880 --> 00:54:05,120 tons of millions of fans globally and now moving, you 940 00:54:05,120 --> 00:54:09,000 know, to A, to a blockchain with a bit more brand awareness, a 941 00:54:09,000 --> 00:54:12,840 bit more presence. No knock to Algorand, but how 942 00:54:12,840 --> 00:54:16,040 many people are using Algorand? You know, many more folks are 943 00:54:16,080 --> 00:54:19,440 are using Avalanche so and Avalanche like products. 944 00:54:19,440 --> 00:54:21,840 And that's, that's one of the keys here is that this, this 945 00:54:21,840 --> 00:54:26,280 move enables them to EVM compatibility, right? 946 00:54:26,280 --> 00:54:28,680 So you can use Metamask to collect FIFA, collect 947 00:54:28,680 --> 00:54:29,920 collectibles and stuff like that. 948 00:54:29,920 --> 00:54:32,960 It's just, you know, it, it's it seems kind of like a no brainer 949 00:54:32,960 --> 00:54:34,480 in terms of potential adoption. So. 950 00:54:35,160 --> 00:54:40,000 Yeah, big story Avalanche building momentum, they've got 951 00:54:40,040 --> 00:54:41,960 good biz dev got to give them credit for that. 952 00:54:43,040 --> 00:54:46,120 I told Banac also launched that their Avalanche focused fun 953 00:54:46,120 --> 00:54:50,240 yesterday as well. So there's a lot of eyes on on 954 00:54:50,240 --> 00:54:52,560 the Avalanche eco for sure. So this will be an interesting 955 00:54:52,560 --> 00:54:55,680 one to continue to track. Folks, we're men over. 956 00:54:55,680 --> 00:54:57,720 I think that was a good rundown today. 957 00:54:57,880 --> 00:54:59,960 Bitcoin all time high still hanging out. 958 00:54:59,960 --> 00:55:03,520 We'll see if we are higher for tomorrow, but As for today, 959 00:55:03,520 --> 00:55:04,720 that's it. I want to thank all of our 960 00:55:04,720 --> 00:55:06,640 listeners for tuning in today. I want to thank my coast. 961 00:55:06,640 --> 00:55:08,920 I want to thank our partner. We will be back tomorrow to 962 00:55:08,920 --> 00:55:10,960 round out the week with Fort Corn Friday. 963 00:55:11,440 --> 00:55:14,680 Yeah, and some double action. Till then, go make it a 964 00:55:14,680 --> 00:55:15,840 beautiful day. Goodbye.