1 00:00:00,200 --> 00:00:02,240 How we doing? Good. 2 00:00:02,240 --> 00:00:05,280 How you doing? Yeah, yeah, fucking hell. 3 00:00:05,760 --> 00:00:11,160 Busy, busy, busy, busy, busy. It's just me and OSFI believe 4 00:00:11,160 --> 00:00:15,840 all this week, right? Brooke has been all going on a 5 00:00:16,160 --> 00:00:21,280 jolly to to Asia, it seems. That's a cool hoodie. 6 00:00:21,280 --> 00:00:23,560 Is that the? Is that the hoodie from that 7 00:00:23,560 --> 00:00:24,760 they sent us? Yeah. 8 00:00:25,600 --> 00:00:27,560 Thanks. Dude, you're going to have to be 9 00:00:27,560 --> 00:00:32,960 better this week, man. Yeah. 10 00:00:32,960 --> 00:00:35,840 Oh yes, it is. Let's go straight into shit 11 00:00:36,560 --> 00:00:39,040 because I know we don't have the full time today. 12 00:00:40,040 --> 00:00:42,920 Mark is looking all right today, it feels like, for the for. 13 00:00:42,920 --> 00:00:46,400 The Yeah. In about a week we bounced a 14 00:00:46,400 --> 00:00:51,280 little bit on Friday and then we had a few very positive things 15 00:00:51,280 --> 00:00:56,480 come through which was firstly the the, mainly it was the jobs 16 00:00:56,480 --> 00:01:01,560 number then it was Mr. 100 buying all the Bitcoin. 17 00:01:01,560 --> 00:01:04,680 It feels like continuing to I think you put in a few 100 18 00:01:04,680 --> 00:01:10,320 million on Friday alone and then you had a inflow day for the ETF 19 00:01:10,320 --> 00:01:14,400 and notably inflow day for GBTC Grayscale which hasn't had an 20 00:01:14,400 --> 00:01:18,760 inflow in months. So short term bullishness we 21 00:01:19,200 --> 00:01:21,720 it's interesting to see that Solana has been the one that 22 00:01:21,720 --> 00:01:25,240 bounced the most. I know you were you are calling 23 00:01:25,240 --> 00:01:28,400 that we could go back to 70 K Interestingly I saw that that 24 00:01:28,400 --> 00:01:30,800 capo said something similar. Thinks we're going straight back 25 00:01:30,800 --> 00:01:34,520 to all time high. We are kind of hanging out where 26 00:01:34,520 --> 00:01:40,200 we were middle of last week. So at about 63 K on Bitcoin ETH, 27 00:01:40,200 --> 00:01:43,200 ETH is slightly underperforming but style has gone above 150 28 00:01:43,200 --> 00:01:44,840 again. What are you thinking? 29 00:01:44,840 --> 00:01:46,880 What are you thinking here? Do you think this is a sustained 30 00:01:46,880 --> 00:01:49,240 bounce? I think so, yeah. 31 00:01:49,240 --> 00:01:53,000 I think, I think there were some headlines on the SEC issuing a 32 00:01:53,000 --> 00:01:56,360 Wells notice to Robin Hood, which is why we sold off a bit 33 00:01:56,360 --> 00:02:01,760 today because Bitcoin was at like 65 1/2 K Ether was at 3200, 34 00:02:01,760 --> 00:02:05,000 so it was almost at 160. So it does look like we sold a 35 00:02:05,000 --> 00:02:09,000 bit, sold off a bit on that, but I think we'll pass over on those 36 00:02:09,000 --> 00:02:10,639 headlines. But yeah, it does feel like a 37 00:02:12,320 --> 00:02:16,080 lot of risk got taken out with the big dumps that we saw a week 38 00:02:16,080 --> 00:02:18,960 or two ago. It does feel like, you know, 39 00:02:18,960 --> 00:02:21,000 everyone's like our ceremony go away and all that kind of stuff 40 00:02:21,000 --> 00:02:24,680 and maybe all that narrative has been left translated. 41 00:02:24,680 --> 00:02:28,280 So we may be past that now and I kind of think we can keep going 42 00:02:28,280 --> 00:02:31,600 higher. In my opinion, I think the ETF 43 00:02:32,600 --> 00:02:35,160 rejection is now like fully priced in, if not even 44 00:02:35,320 --> 00:02:39,080 overpriced. And when if and when that does 45 00:02:39,080 --> 00:02:41,080 get rejected later this month, I think the next thing you'll next 46 00:02:41,080 --> 00:02:43,680 headline you'll see is like court cases and and all that 47 00:02:43,680 --> 00:02:45,520 kind of stuff and people assessing the probability of 48 00:02:46,160 --> 00:02:49,880 black Rocket and and Co winning. So I think the next headlines on 49 00:02:49,880 --> 00:02:53,520 the ETF are actually that effect the market are actually positive 50 00:02:53,520 --> 00:02:56,680 and not negative. And yeah, things just feel like 51 00:02:56,680 --> 00:02:59,040 they're they're turning a bit here, I think, in my opinion. 52 00:03:00,600 --> 00:03:03,920 Nice. I I kind of agree. 53 00:03:03,920 --> 00:03:07,960 It's interesting that Bitcoin put in a lower low, but Seoul 54 00:03:07,960 --> 00:03:11,240 didn't and now Seoul's bouncing and it seems to be reclaiming 55 00:03:11,920 --> 00:03:17,000 kind of where it was for a while at that 150 area Bitcoin. 56 00:03:17,000 --> 00:03:21,040 I'm still it doesn't feel as good as it felt just because of 57 00:03:21,040 --> 00:03:23,240 the outflows, but that that's a very interesting day. 58 00:03:23,240 --> 00:03:28,760 Like to see that massive outflow day of 500 million followed by a 59 00:03:28,760 --> 00:03:32,920 massive inflow day and even an inflow for GBTC, which I thought 60 00:03:32,920 --> 00:03:34,560 was kind of wild. It's. 61 00:03:34,560 --> 00:03:36,640 It was a month. End, I think it's month end 62 00:03:36,640 --> 00:03:38,560 stuff like that. That big outflow is for sure a 63 00:03:38,560 --> 00:03:40,120 month end thing like it has to be. 64 00:03:40,880 --> 00:03:43,160 Do you think it was games? I just, I was thinking about 65 00:03:43,160 --> 00:03:45,320 this being like there's some maybe there's some games being 66 00:03:45,320 --> 00:03:49,400 played here now. Maybe, but you know, the ETF 67 00:03:49,400 --> 00:03:51,640 flows are, a lot of it are retail flows. 68 00:03:51,640 --> 00:03:54,080 It's not like BlackRock is like suppressing flows. 69 00:03:54,080 --> 00:03:55,760 You know what I mean? Like they're not the ones buying 70 00:03:55,760 --> 00:03:58,120 the ETF. I guess they can be, and I guess 71 00:03:58,120 --> 00:03:59,840 they could. They can be for their funds, 72 00:03:59,840 --> 00:04:00,400 right? Yeah. 73 00:04:00,400 --> 00:04:02,520 They can be for their funds. So I guess they could like ramp 74 00:04:02,520 --> 00:04:05,760 up the buying at a later stage. But yeah, probably, you know, 75 00:04:05,760 --> 00:04:08,960 probably there's whales of fighting for entry and all that, 76 00:04:09,360 --> 00:04:13,000 all that stuff that people say. Yeah, I don't want to be one of 77 00:04:13,000 --> 00:04:16,079 those people that's just like a conspiracy theory on any sort of 78 00:04:16,600 --> 00:04:19,920 on any sort of weird activity from Black Rock. 79 00:04:19,920 --> 00:04:22,880 But I looked at that and just thought it is now becoming 80 00:04:22,880 --> 00:04:26,560 increasingly easy for them to like basically time the bottoms 81 00:04:26,560 --> 00:04:28,160 on this stuff, right. Like because people are, the 82 00:04:28,160 --> 00:04:30,800 number one thing that people are following are the flows in ETF 83 00:04:31,400 --> 00:04:34,240 and their funds I think can easily manipulate that to a 84 00:04:34,240 --> 00:04:37,920 certain extent so. I mean crypto market is tiny 85 00:04:37,920 --> 00:04:43,080 compared in comparison to the number of assets BlackRock 86 00:04:43,080 --> 00:04:44,680 manages. BlackRock manages more assets 87 00:04:44,680 --> 00:04:46,800 than the the entire crypto market cap. 88 00:04:46,800 --> 00:04:48,840 So like. Many. 89 00:04:48,960 --> 00:04:51,000 They want to. Yeah, exactly. 90 00:04:51,000 --> 00:04:53,800 So if they want to like, push things around, they definitely 91 00:04:53,800 --> 00:04:55,040 can. And they're not the only people 92 00:04:55,040 --> 00:04:58,360 who have the ability to do it. So I do think it's not 93 00:04:58,360 --> 00:05:00,840 manipulation is the wrong word, but I do think there's strategic 94 00:05:00,840 --> 00:05:03,480 timing around how people plan and do these things, I would 95 00:05:03,480 --> 00:05:08,920 say. Yeah, I I, I would kind of 96 00:05:08,920 --> 00:05:11,760 agree. And then we saw you know the the 97 00:05:11,760 --> 00:05:13,920 risk tolerance of everything came back. 98 00:05:14,240 --> 00:05:17,680 Stuff is bouncing particularly in in memes like we keep on 99 00:05:17,680 --> 00:05:21,720 saying this and people keep on. I think our show is a bit more 100 00:05:21,720 --> 00:05:23,480 about memes. I think if you go across broader 101 00:05:23,480 --> 00:05:28,240 crypto, there's still not 100% acceptance of it as being AI 102 00:05:28,680 --> 00:05:31,600 don't know an accepted sector this cycle. 103 00:05:32,040 --> 00:05:36,760 But again you saw with factor like whatever it was 3.63 point 104 00:05:36,760 --> 00:05:38,600 seven. I know it's dipped since then. 105 00:05:39,080 --> 00:05:42,000 You saw a bunch of the top soul memes all kind of pushing 106 00:05:42,000 --> 00:05:45,520 towards all time high. Pepe again near all time high, 107 00:05:45,520 --> 00:05:48,360 just like a really, really strong period for memes. 108 00:05:48,720 --> 00:05:53,880 There was some movement in like the deep in space and and but a 109 00:05:53,880 --> 00:05:57,240 lot of the the narratives that you're carrying us before, they 110 00:05:57,280 --> 00:06:01,320 just haven't really kept up. Like AI hasn't really been 111 00:06:01,320 --> 00:06:04,040 sustained. Anything in D5 hasn't really 112 00:06:04,040 --> 00:06:07,640 been sustained. You've seen social Fi come back 113 00:06:07,640 --> 00:06:10,040 a little bit. You've seen friend obviously hit 114 00:06:10,040 --> 00:06:12,160 three and then and then kind of came down and then you saw 115 00:06:12,440 --> 00:06:14,560 you've seen fantasy been seen massive activity. 116 00:06:14,560 --> 00:06:17,760 But is is it just memes that you're interested in this cycle? 117 00:06:17,760 --> 00:06:19,800 Is there anything else that you think can take you away from 118 00:06:19,800 --> 00:06:22,640 that? Hard, isn't it? 119 00:06:22,640 --> 00:06:27,840 Like when a narrative gets so strong like NFTS in 2021, it's 120 00:06:27,840 --> 00:06:32,160 very hard to just fade it and get along something else. 121 00:06:32,160 --> 00:06:35,600 You know, like look at how well WIF has performed throughout 122 00:06:35,600 --> 00:06:38,320 this entire sell off and how well it performs on the bounce 123 00:06:39,000 --> 00:06:42,960 and it's just easy to buy. You're not having to like think 124 00:06:42,960 --> 00:06:47,120 about protocols and mid curve yourself into like you know 125 00:06:47,280 --> 00:06:48,760 depending on a founder and all that kind of stuff. 126 00:06:48,760 --> 00:06:52,080 So you can just buy it without really much thought and it's 127 00:06:52,080 --> 00:06:54,280 performing and it's very hard to own something else which 128 00:06:54,280 --> 00:07:03,400 requires more brainpower which has been performing worse so. 129 00:07:05,360 --> 00:07:07,440 Yeah, it's been pretty horrific I think for some of the the 130 00:07:07,440 --> 00:07:09,400 other sectors. And I think we've said it so 131 00:07:09,400 --> 00:07:11,600 many times on the show, that if you're in anything that hasn't 132 00:07:11,880 --> 00:07:17,240 didn't perform so far this year and then you had Seoul, you had 133 00:07:17,240 --> 00:07:20,920 a bunch of like really good narrative down 4050% that was 134 00:07:20,920 --> 00:07:24,680 the time to rotate, wasn't it? Like, yeah, if you, if you were 135 00:07:24,680 --> 00:07:27,120 too scared to rotate into like Bitcoin or EAFE because you were 136 00:07:27,120 --> 00:07:30,600 down so much, but you could have literally bought Seoul at 1:20, 137 00:07:31,640 --> 00:07:34,600 right? Well, even 119 and now it went 138 00:07:34,600 --> 00:07:37,120 back up to 155, like it's bounced. 139 00:07:37,200 --> 00:07:43,320 What's that 25%? And then you've seen similar in 140 00:07:43,720 --> 00:07:46,920 all the memes that you know, you could have faded all the way up 141 00:07:46,920 --> 00:07:49,440 and Pepe was down. It's up like 50% on the week, I 142 00:07:49,440 --> 00:07:52,000 think with kind of similar, right. 143 00:07:52,000 --> 00:07:54,880 Like it's it's been a big, big snap back in some of those. 144 00:07:54,880 --> 00:07:57,920 So don't want to say I told you so, but that was kind of the 145 00:07:57,920 --> 00:08:00,200 trade I think and now I think it's going to be progressively 146 00:08:00,200 --> 00:08:02,840 more difficult. Do you feel like there's a bit 147 00:08:02,840 --> 00:08:05,960 of FOMO in the market right now? Like I kind of feel like it is. 148 00:08:06,000 --> 00:08:11,200 I feel like quite a few people would have de risked on that 149 00:08:11,200 --> 00:08:12,520 move. What do you think? 150 00:08:13,000 --> 00:08:17,160 I think, I definitely think a lot of people who are new to 151 00:08:17,160 --> 00:08:20,200 crypto would have come in in March, lost money and just left. 152 00:08:21,160 --> 00:08:23,080 I think a lot of people would have got liquidated on, 153 00:08:23,400 --> 00:08:25,600 liquidated on leverage. I think a lot of people would 154 00:08:25,600 --> 00:08:30,920 have done badly on like altcoins or gaming coins or some of the 155 00:08:30,920 --> 00:08:34,280 the worse off mean coins. And so with this bounce, it's 156 00:08:34,280 --> 00:08:36,240 not like everything is bouncing, it's just like their favoured 157 00:08:36,240 --> 00:08:39,520 assets are bouncing. So I do think there's probably a 158 00:08:39,520 --> 00:08:42,320 lot of FOMO or I don't think we're quite into the FOMO yet, 159 00:08:42,320 --> 00:08:44,039 but I think there's a lot of frustration when people are 160 00:08:44,039 --> 00:08:47,360 like, oh shit, like those things are back up and I'm not, you 161 00:08:47,360 --> 00:08:50,640 know, I didn't buy the dip or I got liquidated or owned the 162 00:08:50,640 --> 00:08:53,000 wrong things. I think that's more frustration 163 00:08:53,000 --> 00:08:54,560 than FOMO. I'd say FOMO. 164 00:08:54,920 --> 00:08:58,600 If we if we get back towards 70K on Bitcoin and back towards all, 165 00:08:58,640 --> 00:09:00,360 you know, year to date highs and a lot of these altcoins, I think 166 00:09:00,360 --> 00:09:03,640 that's when we start seeing foam and when people see that it 167 00:09:03,640 --> 00:09:06,240 wasn't just a flash in the pan and there's real momentum behind 168 00:09:06,240 --> 00:09:10,800 it, I think. Yeah, I think a lot of people 169 00:09:10,800 --> 00:09:13,520 cut their risk. Like genuinely, I think a lot of 170 00:09:13,520 --> 00:09:16,760 people did because I think it went through some supports. 171 00:09:16,760 --> 00:09:19,200 And if you're sitting there and you wanted to look for that 10X 172 00:09:19,200 --> 00:09:22,440 that we already spoke about, I think it's scary. 173 00:09:22,440 --> 00:09:25,520 I still don't know if like I'm not, I'm still not. 174 00:09:25,560 --> 00:09:27,640 I Oh my God, super, super bullish. 175 00:09:28,760 --> 00:09:31,800 I think we could be ranging here for a little bit at least 176 00:09:31,800 --> 00:09:34,360 because I just think Bitcoin put in a lower low and that's like 177 00:09:34,360 --> 00:09:36,280 quite a big deal. You'd have to put in now a 178 00:09:36,280 --> 00:09:39,400 higher high basically to kind of like reverse that in my opinion. 179 00:09:39,400 --> 00:09:42,160 Like it feels like otherwise it's going to range for a little 180 00:09:42,160 --> 00:09:44,640 bit in the kind of a low 60s era, I think. 181 00:09:45,320 --> 00:09:49,400 But yeah, I do think, I do think a lot of people cut their risk 182 00:09:49,400 --> 00:09:52,040 and that's why you saw this FOMO like it was 5 days of it going 183 00:09:52,040 --> 00:09:53,720 higher, right? We had Thursday, Friday, 184 00:09:53,720 --> 00:09:55,800 Saturday, Sunday and even today. I know it's now slightly 185 00:09:55,800 --> 00:09:59,320 reversed today, but that just made me think, wow, like people 186 00:09:59,320 --> 00:10:02,960 really did sell like or they they've definitely got burnt on 187 00:10:02,960 --> 00:10:04,440 that move and they didn't want to buy back in. 188 00:10:05,560 --> 00:10:07,320 Yeah, it's just classic, isn't it? 189 00:10:07,840 --> 00:10:09,400 It's classic. Not even crypto. 190 00:10:09,400 --> 00:10:14,000 It's just classic markets, like prices go down, people start 191 00:10:14,000 --> 00:10:17,880 spewing out bearish narratives, people get scared and sell, and 192 00:10:17,880 --> 00:10:21,360 then prices go up and then the bullish narratives come out 193 00:10:21,360 --> 00:10:24,200 again and everyone's like, oh fuck, like, it's just it's just 194 00:10:24,200 --> 00:10:28,120 classic markets, I would say. And then what have you, what 195 00:10:28,120 --> 00:10:31,840 have you been up to on, on On Blast? 196 00:10:31,840 --> 00:10:35,000 I know that's been a big, a lot of shit's been going on there in 197 00:10:35,000 --> 00:10:39,080 in the last few days. They announced this gold gold 198 00:10:39,080 --> 00:10:41,680 lottery, which has been an interesting, interesting move. 199 00:10:43,920 --> 00:10:47,640 Yeah, I just love how you're drawing you know two men, yeah, 200 00:10:47,920 --> 00:10:51,840 they announced this, this, this lottery the other day and 201 00:10:51,880 --> 00:10:57,880 1,000,000 of it is going to to the most active NFTS and coins 202 00:10:57,880 --> 00:11:00,960 on blast, right, Which aren't, which aren't the ether or 203 00:11:00,960 --> 00:11:03,600 stables. Obviously there's big variations 204 00:11:03,600 --> 00:11:05,560 in the in the what people say is the price of gold. 205 00:11:05,560 --> 00:11:11,280 But let's say that is ranging between let's say 5 to 20 as the 206 00:11:11,440 --> 00:11:14,160 as the valuation of all that it. That could be depending on the 207 00:11:14,680 --> 00:11:17,680 depending on the inflation. That's quite a big amount of 208 00:11:17,680 --> 00:11:22,000 rewards it looks like and you saw initially Pack Moon, which I 209 00:11:22,000 --> 00:11:25,400 know you've been involved in, I've been involved in, won the 210 00:11:25,400 --> 00:11:27,800 first one of these rewards and then you saw Fantasy win the 211 00:11:27,800 --> 00:11:31,160 other one and suddenly everyone's been FOMO ING into 212 00:11:31,160 --> 00:11:32,160 blast. They're like they've been 213 00:11:32,480 --> 00:11:35,160 catching up with this narrative. Tell us a little bit about 214 00:11:35,160 --> 00:11:37,240 fantasy because I know you, you've kind of, you've kind of 215 00:11:37,240 --> 00:11:38,600 got involved in that recently. Like what? 216 00:11:39,240 --> 00:11:40,320 What? What's the TLDR? 217 00:11:41,280 --> 00:11:45,920 Yeah, it's just it's basically just a card game and trading 218 00:11:45,920 --> 00:11:49,120 card game and there are competitions that run and 219 00:11:49,120 --> 00:11:55,440 basically you are able to get car own cards of different 220 00:11:55,840 --> 00:11:58,600 people on crypto Twitter and if they hack, if they get loads of 221 00:11:58,600 --> 00:12:02,880 views and stuff on their posts, you get more points. 222 00:12:02,880 --> 00:12:05,920 I don't know exactly how the scoring works, but it seems to 223 00:12:05,920 --> 00:12:08,720 be some kind of metric based on number of views, number of 224 00:12:08,720 --> 00:12:12,320 likes, frequency of tweets, all that kind of stuff. 225 00:12:13,760 --> 00:12:22,400 And they run a competition like periodically and if you you know 226 00:12:22,400 --> 00:12:24,280 whoever gets the highest score wins, then everything is ranked 227 00:12:24,280 --> 00:12:26,040 basically. But what they're doing in terms 228 00:12:26,040 --> 00:12:28,720 of rewards is they've been allocated a ton of blast gold 229 00:12:29,080 --> 00:12:33,680 and they did the like the flash competition over the weekend. 230 00:12:33,680 --> 00:12:36,840 And I think if you're ranked in like the top 50 or whatever, 231 00:12:36,960 --> 00:12:40,560 maybe it was top 100. I can't even remember you. 232 00:12:40,560 --> 00:12:45,280 Everyone got like around 300 to 350 worth of gold and these 233 00:12:45,280 --> 00:12:47,800 competition will keep running. And so every card is like an NFT 234 00:12:47,800 --> 00:12:50,400 that's tradable and they will have different values. 235 00:12:51,760 --> 00:12:54,320 And yeah, basically that's basically it. 236 00:12:54,760 --> 00:12:58,280 Just like a crypto Twitter trading card game, which is kind 237 00:12:58,280 --> 00:13:00,520 of a cool idea I think. Is there money to be made you 238 00:13:00,520 --> 00:13:03,200 think like or is this a gold farming Like what? 239 00:13:04,000 --> 00:13:06,080 What do you think? There's money to be made. 240 00:13:06,080 --> 00:13:13,280 I think if you if you're able to identify like a smaller account 241 00:13:14,040 --> 00:13:16,920 on crypto Twitter who goes viral, then I think there's 242 00:13:16,920 --> 00:13:20,080 money to be made because those guys are cheap, they don't cost 243 00:13:20,080 --> 00:13:22,000 a lot of capital and they go up a lot in price. 244 00:13:22,600 --> 00:13:24,400 It seems like some of the whales have gone for getting like the 245 00:13:24,600 --> 00:13:28,920 the more expensive well known rarer cards and if you win 246 00:13:28,920 --> 00:13:32,160 competitions money, money to be made I guess from gold. 247 00:13:34,200 --> 00:13:35,880 I also think you know there's all these different points you 248 00:13:35,880 --> 00:13:39,200 have, you have like fantasy points, you have fantasy stars. 249 00:13:39,200 --> 00:13:41,880 So my guess is they they'll potentially be a token at some 250 00:13:41,880 --> 00:13:44,160 stage as well. So you're going to be able to 251 00:13:44,160 --> 00:13:45,640 like fund the token alongside that as well. 252 00:13:45,640 --> 00:13:48,840 So I think if you you know it's just like any other like NFT 253 00:13:48,840 --> 00:13:50,640 project or any other like trading card game. 254 00:13:51,000 --> 00:13:53,880 If you're able to buy things early or if you're able to buy 255 00:13:53,880 --> 00:13:58,480 things before they move and the underlying assets as well then 256 00:13:58,480 --> 00:14:00,440 you you can make money flipping and trading these cards. 257 00:14:00,440 --> 00:14:04,400 I think at the same time I think you'll farm gold and you'll also 258 00:14:04,400 --> 00:14:08,440 also farm whatever drop the fancy guys have coming token 259 00:14:08,440 --> 00:14:11,080 drop the fancy guys have coming coming up. 260 00:14:11,080 --> 00:14:12,920 I would imagine there is one given the point system. 261 00:14:15,000 --> 00:14:18,480 Yeah, I think, I think we've seen Social Fi come and go. 262 00:14:18,640 --> 00:14:21,360 One thing I know from the Friend Tech AirDrop is that like it can 263 00:14:21,360 --> 00:14:24,480 be pretty profitable. Like I was on Friend Tech for a 264 00:14:24,480 --> 00:14:27,160 few months and bought over 10s of thousands of dollars. 265 00:14:27,480 --> 00:14:31,040 I feel like these things can be valued quite, quite a lot. 266 00:14:31,040 --> 00:14:33,200 And I don't know for Roke's absolutely loving it. 267 00:14:34,000 --> 00:14:36,480 Sky is like making his own personality around it at the 268 00:14:36,480 --> 00:14:37,840 moment. Like it does feel as though it's 269 00:14:37,840 --> 00:14:39,120 addictive. I haven't actually played. 270 00:14:40,360 --> 00:14:46,360 I got so tied up with with Duck stuff, but it does seem to be it 271 00:14:46,360 --> 00:14:49,360 does seem to be addictive like the rip and open of the packs. 272 00:14:49,360 --> 00:14:50,160 How much have you? Spent. 273 00:14:51,920 --> 00:14:56,000 Probably too much, probably too much. 274 00:14:57,000 --> 00:14:58,720 Like how big is your portfolio in ETH? 275 00:14:59,000 --> 00:15:00,040 My. Portfolio is up. 276 00:15:00,040 --> 00:15:04,480 My portfolio's got to like 70 ETH, but I think it's like the 277 00:15:04,480 --> 00:15:08,560 guys that are valued high, there's like there's no the 278 00:15:08,560 --> 00:15:10,400 floor's really high, but there's also no bid for it. 279 00:15:10,400 --> 00:15:12,840 So it's those levels. So I think it's like a a fake 280 00:15:12,880 --> 00:15:14,960 value unless unless it does really take off so. 281 00:15:16,040 --> 00:15:19,160 So it's kind of like, I guess Frontech had a bonding curve, so 282 00:15:19,160 --> 00:15:22,400 there was always a bid, whereas this year, yeah, it's more like 283 00:15:22,400 --> 00:15:24,680 a bid offer, right? Yeah, exactly. 284 00:15:24,800 --> 00:15:27,240 Exactly. So you've and. 285 00:15:28,360 --> 00:15:29,840 It's all the same people involved, right? 286 00:15:29,840 --> 00:15:32,280 Like it's all the same, like Blur farmers, all this sort of 287 00:15:32,280 --> 00:15:34,440 stuff. Like I just saw Matchy Big 288 00:15:34,440 --> 00:15:37,840 Brother deposited like thousands of ETH into it. 289 00:15:40,320 --> 00:15:42,640 Is it? Is it like and CBB and all these 290 00:15:42,640 --> 00:15:44,680 guys? Like is it all the same names? 291 00:15:45,040 --> 00:15:47,520 It's just the blast crew, yes, the blast crew, which really is 292 00:15:47,520 --> 00:15:50,440 a Blur crew, which is the farming crew, those are like the 293 00:15:50,440 --> 00:15:52,160 big ETH guys. But there are, there is like a 294 00:15:52,720 --> 00:15:56,040 good crew on blast I think are not necessarily like big capital 295 00:15:56,040 --> 00:15:58,360 spenders who I think are pretty active across that ecosystem who 296 00:15:58,360 --> 00:16:00,280 are also involved as well. There's there's a good crowd, I 297 00:16:00,280 --> 00:16:03,880 think. OK, yeah, I think I'm going to 298 00:16:03,880 --> 00:16:06,120 have to get involved. It's been it's been unbelievably 299 00:16:06,120 --> 00:16:08,920 busy. But, but yeah, if you. 300 00:16:09,080 --> 00:16:10,200 Want to buy any? Buy any cards? 301 00:16:10,200 --> 00:16:14,120 Don't hit me up. They didn't put me in the first 302 00:16:14,120 --> 00:16:16,160 season like I didn't. I didn't sign up. 303 00:16:17,240 --> 00:16:19,480 And then I tried to go in late and I then I realised that 304 00:16:19,480 --> 00:16:22,760 probably every single person on CT was asking to be included in 305 00:16:22,760 --> 00:16:24,800 this thing. I didn't realise that you made 306 00:16:24,800 --> 00:16:29,040 money as a hero until you told me just now that like, oh, you 307 00:16:29,040 --> 00:16:32,800 want you made money from like you make money from trading 308 00:16:32,800 --> 00:16:33,800 fees, right? Or something like that. 309 00:16:34,000 --> 00:16:36,520 Yeah. So heroes get 1.5% of the 310 00:16:36,520 --> 00:16:40,400 trading fees and I believe they're getting a share of the 311 00:16:41,160 --> 00:16:45,800 initial proceeds as well. So I guess they have to do 312 00:16:45,800 --> 00:16:48,360 something like that, because if you're using people's profiles 313 00:16:48,360 --> 00:16:51,400 and stuff, you need to, they need to like, agree to it and 314 00:16:51,400 --> 00:16:52,960 they need to give you some rewards and stuff. 315 00:16:53,360 --> 00:16:54,800 But yeah. Yeah. 316 00:16:54,880 --> 00:16:58,520 Yeah, I would agree. I think. 317 00:16:59,240 --> 00:17:02,720 I think we are entering that stage of the market where people 318 00:17:02,720 --> 00:17:03,840 are just looking for fun stuff to do. 319 00:17:03,840 --> 00:17:05,200 BLAST has done a really good job with that. 320 00:17:05,480 --> 00:17:07,760 Like it it does, it does keep the degenin going. 321 00:17:07,760 --> 00:17:11,079 As we've said before, it'll be interesting to see how this all 322 00:17:11,800 --> 00:17:15,960 happen goes as we approach the the actual do when do we think 323 00:17:15,960 --> 00:17:17,680 it's the end of this month that it comes out. 324 00:17:18,000 --> 00:17:20,040 I think so, yeah. I did think it was going to be a 325 00:17:20,040 --> 00:17:25,599 bit delayed because they had this like multiplier thing and 326 00:17:26,359 --> 00:17:29,920 as of a week ago there were only two multipliers out of I think 327 00:17:29,920 --> 00:17:34,360 10 but now or maybe 12, but now we're we had like multiple 328 00:17:34,360 --> 00:17:37,000 multipliers last week. So it does feel like things are 329 00:17:37,000 --> 00:17:41,200 pretty much in full swing now and my guess is we may actually 330 00:17:41,240 --> 00:17:43,960 see it at sometime this month towards the end of this month. 331 00:17:44,960 --> 00:17:47,440 Yeah, that'll be. That'll be crazy. 332 00:17:48,200 --> 00:17:50,080 Yeah, it's going to be an interesting one, I think. 333 00:17:52,320 --> 00:17:55,040 And then anything else in memes you've been looking at? 334 00:17:55,080 --> 00:17:57,400 One thing I looked at this week was this hammy thing. 335 00:17:57,400 --> 00:18:02,200 I don't know if you saw this. Yeah, I saw you send me the 336 00:18:02,200 --> 00:18:05,960 tweets about it. Wasn't really sure what to think 337 00:18:05,960 --> 00:18:08,640 of it. I don't love stories like that 338 00:18:08,640 --> 00:18:11,000 because they feel quite manufactured when they get spelt 339 00:18:11,000 --> 00:18:13,360 out like that. But yeah. 340 00:18:13,360 --> 00:18:14,600 Yeah, I would agree. Like it. 341 00:18:15,360 --> 00:18:18,120 I think because a meme is big doesn't necessarily mean it 342 00:18:18,160 --> 00:18:22,400 becomes a good meme coin. But you've seen a bunch of the 343 00:18:22,400 --> 00:18:25,880 pump dot fun coins come back. You saw Shark cat I think came 344 00:18:25,880 --> 00:18:28,600 back has now moved up to like 170 million again. 345 00:18:28,600 --> 00:18:33,720 You've seen you saw Mitchi again I think all time high popcat, 346 00:18:33,720 --> 00:18:35,200 popcat. There was some drama that the 347 00:18:35,320 --> 00:18:38,200 the actual owner of the cat might sue them if you saw this, 348 00:18:39,480 --> 00:18:42,120 yeah? The same thing happened on shark 349 00:18:42,120 --> 00:18:44,800 cat as well and I think the shark cat was like much more 350 00:18:44,800 --> 00:18:47,760 aggressive and I saw the IT happened on popcat too. 351 00:18:48,280 --> 00:18:50,040 And I guess this is the problem, like people are just making 352 00:18:50,040 --> 00:18:53,360 memes out of IP they don't actually own. 353 00:18:53,920 --> 00:18:56,880 And obviously the original people who owned it, like people 354 00:18:56,880 --> 00:18:58,520 have told them all, you can go out there and actually make 355 00:18:58,520 --> 00:19:01,320 money on this if you sue them or get, you know, launch your own 356 00:19:01,320 --> 00:19:02,880 token or whatever it is. Like we saw the same thing with 357 00:19:02,920 --> 00:19:06,880 WIF, so I wouldn't be surprised to see more of it. 358 00:19:06,880 --> 00:19:09,640 And I think you have to be a little careful on some of these 359 00:19:09,640 --> 00:19:13,440 memes because I do feel it just feels like someone's going 360 00:19:13,440 --> 00:19:18,320 around on like knowyourmeme.com finding a popular meme that 361 00:19:18,320 --> 00:19:20,480 looks cute. And they get up, they team up, 362 00:19:20,480 --> 00:19:21,680 team up with a few guys and they're cool. 363 00:19:21,680 --> 00:19:23,400 Let's just like make this meme and pump it. 364 00:19:23,840 --> 00:19:26,360 And then eventually the original, you know, IP owner 365 00:19:26,360 --> 00:19:28,680 finds out and then it gets it becomes a slight issue. 366 00:19:29,080 --> 00:19:31,920 For example, like no one would like, no one would have like 367 00:19:31,920 --> 00:19:35,680 taken a screenshot of the dog with hat as a picture and made 368 00:19:35,680 --> 00:19:37,680 an NFT out of it and tried to sell it on their own merit, 369 00:19:37,680 --> 00:19:40,120 right? So on that same basis. 370 00:19:41,160 --> 00:19:42,760 That happened with whiff, didn't it? 371 00:19:44,280 --> 00:19:46,240 Well, they they did sell the NFT, but it was like the actual 372 00:19:46,240 --> 00:19:49,200 NFT it. Was no, I mean the in the gamer 373 00:19:49,200 --> 00:19:51,680 guy who originally made it big, like tried to make his own coin 374 00:19:51,680 --> 00:19:53,040 at one stage. Oh yeah. 375 00:19:53,040 --> 00:19:57,040 It's a yeah, yeah. Yeah, it does feel like a common 376 00:19:57,040 --> 00:19:58,600 thing. People were saying that the Mew 377 00:19:58,680 --> 00:20:03,000 team was like trying to push the Popcat cat owner to like Sue 378 00:20:03,040 --> 00:20:04,880 Popcat so that Mew would go higher. 379 00:20:04,880 --> 00:20:08,640 Like it was like these cat memes, they're they're going 380 00:20:08,640 --> 00:20:11,360 after each other. But yeah, Hami is basically just 381 00:20:11,360 --> 00:20:16,280 some hamster, which is big on TikTok, which I think was 382 00:20:16,280 --> 00:20:19,120 created two months ago and then it's done a wow, it's actually 383 00:20:19,120 --> 00:20:22,640 done even more now. Looks like it's done a 20X now. 384 00:20:23,320 --> 00:20:27,160 In the space of a few days, it's now up to 60 million. 385 00:20:27,160 --> 00:20:31,160 It was trading at 2:00, so that's been a big move. 386 00:20:32,120 --> 00:20:33,200 I don't really know what happened there. 387 00:20:33,200 --> 00:20:35,680 I think maybe Anton was involved in saying he thought it could be 388 00:20:35,680 --> 00:20:38,520 a big coin. But yeah, that that that's been 389 00:20:38,520 --> 00:20:41,080 probably the biggest single move in meme coins that I've seen. 390 00:20:41,080 --> 00:20:43,480 But everything else is just feeling felt pretty good with 391 00:20:43,480 --> 00:20:48,320 that move in Seoul, I think, which is now back up to 155 392 00:20:48,320 --> 00:20:50,880 again. So yeah look I these Seoul Dex 393 00:20:50,880 --> 00:20:53,120 volume again flipped ETH. It does feel like a lot of that 394 00:20:53,120 --> 00:20:57,000 activity is starting to come back check out to duck got an 395 00:20:57,000 --> 00:21:02,360 announcement out today but yeah and then in NFTS it also feels 396 00:21:02,360 --> 00:21:05,840 like runes is coming back again slightly the they've now 397 00:21:05,840 --> 00:21:09,200 overtaken some of the transactions. 398 00:21:09,640 --> 00:21:11,920 I think the predominantly the number of transactions down on 399 00:21:11,920 --> 00:21:15,320 Bitcoin again it's it's basically between the Arsic coin 400 00:21:15,320 --> 00:21:19,400 and the and this dog coin which is from Leonidas. 401 00:21:19,880 --> 00:21:22,800 But it seems like Arsic is is kind of flipped dog now and 402 00:21:22,800 --> 00:21:24,040 people getting more bearish than dog. 403 00:21:24,040 --> 00:21:26,760 So I don't really know. I haven't really been dancing in 404 00:21:26,760 --> 00:21:31,680 the in the runes that much, but it does feel as though because 405 00:21:31,680 --> 00:21:33,680 it just didn't really catch you off. 406 00:21:33,680 --> 00:21:35,760 But is now the time to start looking at it again? 407 00:21:35,760 --> 00:21:41,880 Like it feels as though down and now people are starting to maybe 408 00:21:41,880 --> 00:21:45,760 look at ideas. It wouldn't be the first time 409 00:21:45,760 --> 00:21:50,760 when something was pretty hyped and then it could have flopped 410 00:21:50,760 --> 00:21:54,120 on the news and then it came back after people forgot about 411 00:21:54,120 --> 00:21:55,160 it. Like that's happened before. 412 00:21:55,160 --> 00:21:56,680 I mean, it happened with Blast, right? 413 00:21:56,680 --> 00:21:59,520 There's a lot of hype and blast when they launched mainnet and 414 00:21:59,600 --> 00:22:01,360 then when it launched, everyone was just like, meh. 415 00:22:01,640 --> 00:22:03,840 Now it's all kicking off again a few months later. 416 00:22:03,840 --> 00:22:06,520 So I wouldn't be surprised if the same thing did happen with 417 00:22:07,400 --> 00:22:08,520 with Runes, to be honest with you. 418 00:22:09,080 --> 00:22:13,080 Like that seems like a very normal path of motion. 419 00:22:13,800 --> 00:22:15,920 That's what like, now's the time to maybe look at it. 420 00:22:15,960 --> 00:22:19,400 I think you'll start to see some other you had like the OG which 421 00:22:19,400 --> 00:22:20,760 like the first runes which launched. 422 00:22:20,760 --> 00:22:23,360 But I think you'll start to see more experimental stuff now, 423 00:22:23,360 --> 00:22:26,640 start to launch with Runes, and I think that'll be interesting. 424 00:22:26,640 --> 00:22:29,120 Just like you start to see with Blast as well, like Blast, as 425 00:22:29,120 --> 00:22:30,960 soon as Pack Moon has moved, I think you've seen a bunch of the 426 00:22:30,960 --> 00:22:35,760 Blast NFTS move higher. I know Tyler was was was posting 427 00:22:35,760 --> 00:22:37,960 about that earlier and then you've seen even people looked 428 00:22:37,960 --> 00:22:40,840 at other meme coins on blast. Because it feels like once one 429 00:22:40,840 --> 00:22:44,560 thing starts to move or it starts to after a period of it 430 00:22:44,560 --> 00:22:47,280 being a lull, suddenly everything can just can just 431 00:22:47,280 --> 00:22:49,640 light up very, very quickly in in this sort of a market. 432 00:22:50,480 --> 00:22:54,600 Yeah, I I just think the best where I've made most money in 433 00:22:54,600 --> 00:22:59,120 crypto is like once a narrative gets to find finding out what 434 00:22:59,120 --> 00:23:01,160 like the high beta version of that narrative is and then going 435 00:23:01,160 --> 00:23:03,640 really big on that because that's how you can make like a 436 00:23:03,640 --> 00:23:05,520 large amount. And whether that was like in 437 00:23:05,520 --> 00:23:08,880 2021, that was ETH was a big narrative and then NFTS was like 438 00:23:09,120 --> 00:23:11,520 the beta and then you pick Board 8, for example, which went 439 00:23:11,520 --> 00:23:14,960 uploads or when Solana was kicking off at the end of last 440 00:23:14,960 --> 00:23:18,080 year, me, you know, Bonk was kicking off and that was, you 441 00:23:18,080 --> 00:23:20,160 know, it was so easy to go go into memes and find all the 442 00:23:20,160 --> 00:23:24,320 stuff that hadn't moved yet. And so I think you're starting 443 00:23:24,320 --> 00:23:26,280 to see that now in BLAST. Like, it feels like BLAST is 444 00:23:26,280 --> 00:23:30,000 going to be something, whether it ends up being successful or 445 00:23:30,000 --> 00:23:32,680 not. And you've had Pack Pack Moon 446 00:23:33,040 --> 00:23:35,280 started to move and so now people are looking at other 447 00:23:35,280 --> 00:23:37,280 coins and trying, you know, things that have underperformed 448 00:23:37,280 --> 00:23:38,360 that should move up higher as well. 449 00:23:38,360 --> 00:23:42,560 So I do think that's a good way to like play some of the stuff. 450 00:23:42,560 --> 00:23:43,920 You know, it's like, OK, this is up. 451 00:23:44,000 --> 00:23:47,800 What else should be up that's within this, you know, within 452 00:23:47,800 --> 00:23:50,520 this narrative? Yeah, I would agree. 453 00:23:51,120 --> 00:23:53,480 Sometimes it's the simplest thing to do as well. 454 00:23:53,760 --> 00:23:58,480 Like to pick the the clear winner and even if it's up the 455 00:23:58,480 --> 00:24:00,880 most, like sometimes that's the easiest way to just play a 456 00:24:00,880 --> 00:24:02,640 narrative and you can play it in decent size. 457 00:24:02,640 --> 00:24:06,280 It's probably got less volatility and kind of the 458 00:24:06,280 --> 00:24:07,600 cleanest way to do it with Runes. 459 00:24:07,600 --> 00:24:10,040 That's why I kind of feel like you just meant to buy the arsic 460 00:24:10,040 --> 00:24:12,240 coin. If that's going to be the clear 461 00:24:12,240 --> 00:24:15,680 winner, Runes isn't going away. Probably. 462 00:24:15,680 --> 00:24:18,920 Runes could only really get bigger from here in my opinion. 463 00:24:18,920 --> 00:24:22,360 So maybe you just own that and hold it for the rest of the 464 00:24:22,360 --> 00:24:26,480 year? What's the market cap of the 465 00:24:26,480 --> 00:24:29,360 arsic coin about? 300 million, I think. 466 00:24:30,240 --> 00:24:33,760 Still low, doesn't it? Well, we we have never really 467 00:24:33,760 --> 00:24:36,280 seen meme coins on Bitcoin go that high. 468 00:24:36,280 --> 00:24:39,240 Like Audi was the highest and it went about one 1 1/2. 469 00:24:42,000 --> 00:24:45,240 And I think there's that Welsh coin which is on stacks or 470 00:24:45,240 --> 00:24:47,760 something like that, but you haven't really seen it take off. 471 00:24:47,760 --> 00:24:53,240 But I feel like Runes and ordinals are here to stay, so 472 00:24:53,960 --> 00:24:56,000 kind of feels. I thought Audi was going to be 473 00:24:56,000 --> 00:24:58,680 that coin, but then because they came out with a new liquid 474 00:24:58,680 --> 00:25:01,760 token, now it feels like Runes is going to be the one that 475 00:25:01,760 --> 00:25:05,520 everyone uses. So I still think Audi could be 476 00:25:05,520 --> 00:25:07,440 interesting because like people will go back and be actually 477 00:25:07,440 --> 00:25:12,000 that was like the OG version of ordinals here and it's still 478 00:25:12,000 --> 00:25:15,480 relatively easy to buy. But I do like playing just like 479 00:25:15,480 --> 00:25:17,960 simple narratives which are probably long term rather than 480 00:25:17,960 --> 00:25:20,640 short term and just being decently sized positioned in 481 00:25:20,640 --> 00:25:25,640 them like you said. So so in terms of NFTS, 482 00:25:26,440 --> 00:25:28,880 everything's come back slightly. There's been a bit of a bounce 483 00:25:28,880 --> 00:25:32,920 kind of across the board from we bounced and we sold off when the 484 00:25:32,920 --> 00:25:34,880 whole market sold off and then bounced again. 485 00:25:35,080 --> 00:25:37,600 You've seen the main thing that I've really seen is is Uzuki's 486 00:25:37,600 --> 00:25:41,600 come back relatively strong after after it's anime and then 487 00:25:41,600 --> 00:25:44,560 you've seen D gods move back to Seoul and there's been a lot of 488 00:25:44,560 --> 00:25:51,760 like you know them coming home a lot of frat boy memes and it 489 00:25:51,760 --> 00:25:57,080 feels like them and mad lads like are now like battling out 490 00:25:57,080 --> 00:25:59,200 or tensorians. There's like there's like low 491 00:25:59,200 --> 00:26:02,760 key beef now between like who's going to be the biggest PFP 492 00:26:02,760 --> 00:26:06,680 project on Solana. I I like to see the the sole NFT 493 00:26:06,680 --> 00:26:08,960 space I think hasn't really gone through a great period recently 494 00:26:08,960 --> 00:26:11,880 but it would be good to see that pick up in the same way that the 495 00:26:12,320 --> 00:26:15,480 the the meme point market has come back so strong. 496 00:26:17,240 --> 00:26:21,600 Yeah, I just think people have like PTSD from NFTS and they're 497 00:26:21,600 --> 00:26:24,560 not liquid, whereas memes just like, it's the same, it's the 498 00:26:24,560 --> 00:26:27,000 same stuff really. Like if anything is better, it's 499 00:26:27,000 --> 00:26:29,560 not like project founders tricking into thinking like 500 00:26:29,560 --> 00:26:32,080 they're going to change the world with some crazy UNFT 501 00:26:32,080 --> 00:26:37,600 invention. Yeah, it's just like, I mean, 502 00:26:37,760 --> 00:26:40,000 find it funny, buy it. If not, don't. 503 00:26:41,760 --> 00:26:45,080 Yeah, I kind of agree. NFTS have I guess the the 504 00:26:45,120 --> 00:26:47,120 ordinals were a bit more like that because they were less 505 00:26:47,120 --> 00:26:51,960 utility, but D Gods still feels like utility projects. 506 00:26:51,960 --> 00:26:55,000 So I I would agree with that. I think that's it for today. 507 00:26:55,680 --> 00:26:58,360 We kind of round up everything. It does feel like the market is 508 00:26:58,360 --> 00:27:02,120 looking still strong but it's mainly it's mainly soul and soul 509 00:27:02,120 --> 00:27:04,440 memes. But we'll see how everything 510 00:27:04,440 --> 00:27:06,320 else goes. We're going to be, I think 511 00:27:06,320 --> 00:27:07,720 we're, are we not doing a show tomorrow? 512 00:27:08,480 --> 00:27:10,600 We are not on Wednesday. On Wednesday. 513 00:27:10,600 --> 00:27:11,400 All right. So we'll see. 514 00:27:11,760 --> 00:27:13,840 I know we have a hard stop like right now. 515 00:27:14,280 --> 00:27:16,240 So we will. We will see you all again 516 00:27:16,240 --> 00:27:18,400 tomorrow. Good luck and.