You asked. Do you get banana bread?
That's appeared on my head falling from the sky.
Oh, my God. I forgot my girlfriend was home
today. Yeah, usually I do my searches
down here. I guess she heard me say I was
starving. He's not my girlfriend anymore.
I'm sorry. He's not.
It's a fiance. Yeah.
That's what you call that? It's too official for me.
It's like such. She loves it, but my fiance I
got may have been out of bed. Is that what you call that?
That weird period between being girlfriend, boyfriend and
married? Is that what you guys call?
But so you gotta be careful using the old terms you can get.
Global I, I know I I'm not used to it.
Like, oh, hey, that's my fiance. Like it's so fancy.
Is it a fancy word? Like what's what's in between?
It's my wife. And then there's like
girlfriends, like, I don't know. Anyways, oh, oh, wow, That
banana bed. God save me.
What's up? yo-yo, yo-yo.
Good morning. Good morning, GMGM.
What day is it? What day is it?
It's true. It is a Sean Smith says fiance
is a fun word to say and you don't get to say it for long.
So use it as much as possible. It's a transitional word.
I know, I know. If I I got to get in the rhythm,
OK, I got to get in the rhythm. I, I it's for some reason the
even the word stresses me out because it means I have so much
to do. Like yeah, I have so much work.
Like anyways, anyways, that's not a car.
I'm not going to I'll spare you guys with my, with my mental,
my, my, my mental, my mental illness.
Let's call it that. ANYWAYS, Tuesday, August 6th,
2020. Look at that.
Another beautiful day to have a beautiful day.
I got my Co host in the house, Tyler Mando.
How you guys doing today? Good morning.
Doing awesome, man. Market's coming back.
No more crying, Mandy. We're going to be all right.
No, we're crying. I mean, no more crying until
until around sends the nukes for real, and then we'll cry a
little bit more and then we'll stop crying once we buy the
Warwick, you know, and and that's about it.
Someone said so soon you married.
Yeah, I did marry Ariana Grande as this.
True story, true story. It was my Plan B figure to marry
a very rich singer just in case this crypto shit doesn't work
out. And I was given what happened
Sunday. Monday was a good Plan B.
Tyler, how you doing this morning?
Good. You know, we didn't go to 0
yesterday, that was a plus. So we did not this morning.
Yeah. Look, we're hired today, but
Banco is about this 56 right now.
We'll have to see it. 56 is a new set is a new 63.
Yeah, I don't make the rules. Like, you know, you you tell me
bitcoins 56 KA week ago. I'd be like you tell me Bitcoin
56 K this morning. I'm happy.
You know, definitely the mood is different on the timeline.
It's funny how bipolar we've all become on the timeline.
It's like we're back to like hunting for shit coins now, you
know what I mean? Like we're back in the trenches,
you know, two days off we're back in.
Let me tell you, I definitely bought the wrong coins.
And Tyler, we should have bought that fucking narrow coin when
when we talked about it on the show is now too excited.
But anyways, we'll talk about it.
Stay on the show day today, market report, market report as
usual. Well, Mandela brought us through
it. See how we're feeling today.
Tyler's are we back to top 100, bottom 100?
I'm not sure. We'll see.
We'll see what happened today. So we'll call it maybe the mid
100. I don't know.
It's not that good of a word. And then we'll be joined by
today's show partner. You met him two weeks ago from
Unfuck. Agent Lovelace.
Is is is is going to join us again to talk about the game
where the you throw dildos using a middle finger at bankers.
We're going to show a trailer of that today.
Mando, this is going to be a great one.
I can't wait. And then last but not least, rub
it. Whoa.
Well, punks are down by half, So naturally, I doubled the odds.
No, sorry. I almost tripled the odds of
winning a punk. There is now a 1%, a whole
percent, a whole point chance to win a cryptopunk on FOMO hour.
Four of them send it a tournament.
And now it's a tournament, ladies, because Ethan's down so
bad that I could was able to add more mutants to those ladies.
So it's a big day. It's a big day.
Perhaps my Lady Mahdi, in the words of EV or a big punk win
today. So cannot wait.
But anyways, anyways, anyways, it is true.
Yeah, Shetzen is right, Mando bringing the finance trader
vibes with the shirt. Mando's.
You've been wearing a shirt a lot lately on the show,
actually, Mando. This is the second day in a row
I think I've worn AT shirt every day for about a year.
It's like the More than that Friday you wore a shirt.
I don't think so. Yeah.
What's going on?
You get a little wardrobe change or something.
I just came back to push go. So the few things that I have is
shirts, but I I quite like it, you know.
I mean, that's the flex is the flex is crazy.
Mando's wearing shirts in the bear market.
Ovi is showing that he's eating chicken biryani.
Like dude, we can't afford chicken around here anymore
anyways. Who is the?
Man. Macro daddy of the land, can you
dig it? We are so fucking back everyone.
Bitcoin back at 56. Is it 56 K right now?
Solana back at 143 ETH, well, it is still around 2600, but it
feels as though we've we've, we've had a decent bounce here
like across across the board, mainly a little bit of reversal
in the in the Japanese markets. So you saw those rebound about
10% yesterday. There was a report out by
Bloomberg that about fifty to 60% of the yen traders is now
over. But I think it's actually from
JP Morgan. I mean, it's still got 50% to
go, but interesting to, to see that sort of reversal.
The, the stock market had a bad day yesterday, but not the worst
day I've ever seen. I think we're back to like the
levels that we saw in May It we, it looks like we're obviously
opening slightly higher today. Now tax up about 1%.
I think it's, it's still a bit nervous out there.
In my, in my opinion, I don't think this yen carry trade is
over. I'm not too sure what that means
for crypto in general though. Now, like I feel as though
abroad of sell off in tech stocks probably means high
chance of Trump getting in, which probably is kind of
bullish for crypto at the same time.
And I, I it's just difficult for me to navigate like if crypto is
going to be it certainly sold off the most, but the actual
specific people doing the yen trade into crypto is very, very
small. It just kind of felt like we
were the only market open Bitcoin back of 56 K.
It's kind of only down 10% from when we did our show on Friday
for a 3% move in NASDAQ. Maybe that that that would kind
of correlate at one stage we were down obviously like 2025%,
which was kind of wild. So I think we're kind of more in
line now and I'm not I'm not 100% sure if tech stocks had
low, which is what I think will happen here, if, if crypto will
follow suit or if it will like maintain what it was doing
before, which is what the correlation was was low or even
negative. So difficult to say.
I do think that that sell probably heads back up to like
150 area Bitcoin probably just shy of 60 K before we decide
what to do. So I think we've got a little
bit more juice in this like bounce.
But I do think it's, it's, you should be cautious a little bit
here like that. 277,000 people were liquidated yesterday,
277,000 people liquidated. There were some estimations
that, that the liquidations were actually as high as like 7
billion yesterday, which would be absolutely wild.
There was some circulation that that it's under reported by
sexes. So something like 5 to 7 billion
was probably the true figure of people who got liquidated.
So it was a huge, huge liquidation day.
You could see on the timeline, you could see it in comments
that sort of stuff like people lost a lot of money yesterday.
The reversal has been pretty strong kind of across the board.
I would say meme coins have outperformed on the reversal,
but like they were also down a lot.
Like if you look at stuff like Popcap, for example, yeah, it's
up what, 60%? But it's still below 500
million. I think that's something to pay
attention to. Like they look really good on
days like today, but they're also they also got absolutely
smoked. So that like down 50% up 50%
move is is pretty painful for a lot of them, but they have done,
they've done all right. Interesting.
I, I think that Solana is keeping pace with the majority
of the top 10 meme coins in terms of what it's bounced.
That's crazy. Solana is up roughly 30% or 20,
just between 25 to 30% now from that low.
That's kind of the sort of reversal we've seen in the top
10 meme coins. So obviously some of the lower
cap ones have have really reversed.
But yeah, like Pepe with they're all up kind of similar.
I think that says a lot. So this is kind of what I said
yesterday. I think use this, you know, I, I
would, I, I personally would simplify.
I do think that we're probably going to get another couple of
weeks of uncertainty here. And if you were crying at the
screen two days ago or yesterday, then I do think this
is a good opportunity to kind of like reassess everything on on
this bounce. In my opinion, I think the
biggest danger area, as I've been saying for a while, obvious
500 million or probably now like 300 million plus meme coins,
because I think a lot of people view them as kind of like blue
chip or like they're going to get to 1 billion.
And I actually think there's a lot of danger there.
Like there's a lot of danger, you know, when these things
fall, they can really fall out of bed as we, as we've seen, you
know, like stuff literally dropped 50 or 60% on on these
Wicks. So that that's where I feel like
the most, the most dangerous in this market.
They kind of remind me of the NFTS, like Bluetooth NFTS last
cycle where you bought them and it was like, oh, you know, this
will be they'll hold up OK. Or maybe they have low beta.
But yeah, they've they've really been hurt.
So that's, that's kind of my view.
I think. I don't think that's like a long
term view, but I just think that if we had lower, we'll probably
see similar moves again. I do think that my bull thesis
for like Solana to 1300, sorry and all that stuff is probably
now delayed until after the election.
I think Trump's still going to win and I think that's a super
bullish case for Ethsole Bitcoin.
But I think we we could be in for a little bit of chop here.
The bullish thing on the macro standpoint would be, would be if
the Fed announces some sort of dollar yen line I think to help
alleviate some of the selling of of dollar based securities in
the US. There's been talk of that
before. They could do that before the
next meeting, which is next month.
But I don't see an emergency cut happening, which so I think we
could be in for a period of like a month and a half of volatility
here. So strap in, basically.
Strap the fuck in. Hopefully we don't want this is
not a fake pump with a with a with followed by massive nuke
anyway. So yeah, we started what was it
circuit breaker last night on on on in Japan on the way up,
etcetera. So let's not I this is also
confusing. I am going to Japan for Webex.
I can have a chat with them over there if you guys want.
You know, I went to Germany. I spoke to the Germans.
I told them to chill. They, they, ever since you see
they, they, they, they've been potentially buying Bitcoin and
then, you know, I'm going to go speak to the Japanese folks over
there and, and let them know, you know about this.
You know what's interesting? Someone just mentioned it.
It doesn't really show on the top gainers loose because it's
over 24 hours, but we've had like a 40% bounce, which is
pretty impressive. But what do you guys think of
this is? That that impressive.
Genuinely like if. Solana is done for lows 42%.
Solana's upsetting. What is it?
I guess, I guess what I'm trying to say is the thing that's
really struck me is that the top Solana is keeping pace with
those top, Yeah. 100% a hundred. Percent ones are up 6070%, but
the majority of the other ones are kind of move the same as
Solana. On that bounce, I look at Solana
versus the Pepe chart, MOG chart.
Yeah. It's it's with chart they they
look very different right now a. 100% So what do you guys think
of this? I want to ask you both here over
yesterday saying in popular opinion we won't see another
Solana meme corn ahead a billion dollar marquee cap this cycle.
It's kind of on the back of what you're talking about here with
Solana outperforming its own memes.
True story. Like what?
And then threat guy came in, decided to take the opposite
side of this and they bet that the the loser drinks out of
shoe. You know, shoeies so famously
invented by Frank and D gods. I'll go to you first, Tyler here
and then curious to hear your thoughts, Mandel.
But what do you think of on this bet?
Which side of it you you I mean? He's right, that's an unpopular
opinion. It's definitely unpopular with
with meme. Yeah.
I'm on the other side. I got, I got to root for another
billion dollar meme coin. And we, we just had a few that
were so close, like with, with Popcad and whatnot.
Like if you think the cycle's got legs if everything legs up,
I I don't think the meme trade is is over.
On Solana, though, specifically, is that talking about Ethereum?
Do you think another coin's going to hit a billion?
Yeah, I I think there's still a good chance we'll see like five.
Wow. Five of them.
Yeah. I mean that that was always kind
of my important goal like definition of of what that would
look like if you hit like the 10 to 20 billion range and you see
multiple hit, hit the billion dollar range.
And I'm not ready to to throw that out.
Just a downturn here. What do you think, Mando?
Yeah, OB is a much better trader than me.
Everything I say with a massive grain of salt.
Someone saying here, no pressure.
Someone in the comments saying Epic's going to hit a billion.
I mean, Mando, you've been screaming ducks.
Yeah. No, look, I think I what I just
said is that I think we'll we'll be delaying that until November.
There's a lot of time from now until November.
I think it could be a lot of chop from now until November.
I think you do see the Fed probably move to cut rates and
probably, yeah. That's my favorite meme,
brother. What's that brother?
Oh, brother. Wow.
I love that guy. I think I think product market
fits there with meme points and I think Solana as a chain is
going to be round multi cycle. So like, obviously I think
memes, memes will hit a billion on Solana.
I think this is the wrong way of looking at it because I think, I
guess what I'm trying to say is I'm not too sure if now until
November is the time to own 500 million plus meme coins on the
hope that they hit a billion. I think I honestly think I've
been I've said that for the last month, I thought that was the
most dangerous bit of the market.
And I think it still is the most dangerous bit of the market.
Like the higher, the higher. Because I, I actually think a
lot of when you actually talk to people about what their upside
is for a lot of those meme coins, apart from, you know,
Pepe to 69 billion, is that most of them are hoping for like a
2X. And I think honestly, that's
what people in Solana are hoping for as well.
Like people hoping that mog goes to a billion, that's a 2X.
People hoping that I think for Pepe, you'd be hoping it goes to
like right now, probably like 6-7 billion.
That'd be like a fucking win, right?
But again, like we're kind of talking about two XS here.
So I, I just find the upside the same as some of the majors here
and I find the downside 2X on Bitcoin is 110 Ki think a lot of
people think Bitcoin's going to hit 110 K like a lot of people.
And that's what scares me because I think the downside is
way higher in these things. So I think a lot of people when
they look at trades and this is something I noticed from being a
crypto versus my old job, is that everyone calculates their
upside. Everyone sits there and goes
like, this is how much I will make.
If this does a 2X, they buy their bag and they go like,
right, this is going to do X. There's so much fun I've made.
And then no one calculates their downside like no one where.
And that's something to really pay attention to because right
now people who are in the majors are hoping for a 2X.
You know, if if predicted could go to 5K, Solana could easily go
to 300 Bitcoin could easily go to 110 K.
Like I think all of those three could happen with pretty decent
certainty. I I think the with meme coins
right now, a lot of people are hoping for that 2X star return
again and I think that's just dangerous.
Yeah, you're right. You make a you make a really
good point. And I think that's how a lot of
people think, right. If like we talked about
yesterday, Tyler with pups, if it goes to that, how much do I
make? And we got dude that shit is sub
20 mil right now. Bro This I can't even like.
That's very different though. I think if you're sitting there
going like that can go to 100 million, that's a 5X like this
is what I said to you. You can gamble on stuff below 50
million I think pretty well here.
I think there's really good opportunities like triple,
quadruple your bag in that sub 100 million range. 100%.
Because I think people actually have higher price targets.
They genuinely do. If you trade something straight
at 20 million, you can be like, yeah, look, I think this could
go to. 105 X right whereas 1/2 a billion you're looking for a 2X
and I like that so Tyler let's actually go to you because I'm
I'm assuming that you're going to talk a little bit about some
some some meme coins and whatnot but I, I I totally agree with
that and I've been sort of trying to position myself
Liberia accordingly. 4 daily NFT and crypto analysis Tyler D on
FOMO our calls the kids can. Bring the Bastion bears, all
right, we have some green on the board.
Crypto made to 20% Ash Solana leading at 140 E salts biggest
day of inflows since the launch with 49 million in those ETS so
shut out those we saw similar scientific they bought $6
million worth of Bitcoin on Monday, the latest company to do
so. They also filed to raise $150
million more to continue buying. So that was a big headline moon
pay a good friend there. They saw their biggest volume
day since April on Monday's dip and then 92% of the action was
buy volume. So the the moon pay crowd, they
were slamming the buy button. And then we saw elements raise
$2,000,000 for on chain commodities, their ecosystem on
Solana. So we've been tracking them for
a bit. Kudos to them on the rays in
memes, Meme leaders recovering 20 to 30%, mid tiers up 40 to
70%. And a huge Green Day was token
crossed $200 million, leading the way for the new meme crowd,
DJT. Oh no.
And then saved $2,000,000 and pulled the liquidity.
So it looks like that one is over.
In other meme news, we saw Pack Moon, they burned 50% of the
team supply ahead of the upcoming bridge.
That moved the token up 45% to 6,000,000 bucks.
And then Caitlyn Jenner, controversial here, launching
another meme coin now tied to her 1976 Olympic gold medal,
represented by an NFT which would be fractionalized on base,
and then distributed the 100 million medal.
So that's so she's she's back for more and NFT news Jack
Butcher big surprise. So he dropped the new O Pepin
twist with freedom to opt out. It enables those who choose it
to no longer participate in the O Pepin protocol.
Instead, they'll receive an NFT from a new contract.
We've already seen some big action on that.
And then Danny Cole shout out blast from the past.
Danny Cole teased the return of Creature World with no
additional details. I saw that decentralization
community. Satoshi I mean.
We've lost Tyler again, but brother.
We lost him dude. What is up with I have to say I,
I we're going to have to hate on Chicago for quite a bit.
I'm sorry for any with Chicago Yans in the in the audience, but
y'all, y'all have some terrible Wi-Fi men.
It even even men though I mean bum fuck, Portugal has working
Wi-Fi. Yeah, what?
What did you guys lose me? Did I get through my Danny Cole?
Yeah. No, no, we, you went through the
end. You went through the end.
We were just laughing about the decentralization.
Didn't he was asking back to do a do an open edition?
Who? He did do an open edition, that
was correct. So here's the thing.
You forget. You forget all of the the
things. No, I don't.
I don't remember. I, I remember the, the, the open
edition. I remember that.
I guess we'll see what, what he comes up with next.
I mean, shit, where do I even start here?
Why don't we start with Caitlyn Jenner here?
Because I thought that one was funny.
I saw the, I saw the, the leagues from the Twitter DM that
I think Lawrence posted. So it seems like Caitlyn
Jenner's in a fractionalized Olympic gold medal.
Is that what's going on, Tyler? Yes, this is her 1976 Olympic
gold medal. This was her final meet.
So like in in theory by the the most valuable asset she has this
when she won the Olympic decathlon again as Bruce Jenner,
she knew she was retiring afterwards.
The logistics of how this is going to work, that gold medal,
they're going to store it in a secure token vault and they're
going to 100 million of these metal tokens.
And there's quote from a decrypt article maps to the provable
metadata, the legally binding contract signed by Jenner
showing ownership of the Rio Olympic gold medal.
So they're, they're showing this will be somehow tied to the gold
medal itself. That the actual collectible, the
rollout supposedly is going to be a fair launch and it's coming
on Thursday. And yeah, the, the infamous DNS
that are, they're going around from everyone they're trying to
to get plugged in. And for disclosure, I am not
plugged in on this. I'm simply reporting on this.
Because I mean. So what, we can buy 50?
So Kobe's saying someone should buy 51% of the token supply and
then sue Jenner to take custody of the metal?
Are we? Are we forming a Dow here?
I don't know, man, like what the fuck's going on?
I I heard he's, I heard like, I don't know.
I've heard a bunch of influencers have been checked
about doing this, have you not? You can get Adm about this.
Wiz sent me. AI know Wiz is gone this.
Is not the, this is. Not following me, Caitlyn.
Jenna's not following me because I think we talked shit this one
time on the show. I let me see.
I did not get the DM. Wow, look at that.
Look at that. Washed.
You're washed. You're washed up these days.
Completely washed dude. I like it though.
I'll take the wash arc better than whatever it was 20/21 was.
Let's see, did you guys get it? Tyler did.
You get the DMI did. Oh, I did.
That's gone fluent soul. I did not, I need to clear the I
did not. I did not respond to it and I'm
not in no way is affiliated. With.
That you told about it though. You did you.
Did about it. I did tweet about it you.
Are pinging it up on the show today.
Interesting. I'm happy to share all the
receipts. What is interesting here is it's
actually backed by the gold medal or not.
So like later in the article, it says while the token is inspired
by the medal, ownership of the tokens convey no rights.
Are we being paid for this segment at this stage?
Hold on, hold on, Bernie. Bernie is Bernie.
Listening is FOMO. We're getting paid for this.
It was taking the piss of Tyler the comments.
Unbelievable. Everyone.
You you install Jakey about to go there and film was short at
at the Jenna mansion in Malibu. Whatever it is.
Is that are you taking Caitlyn Jenner on a date?
That that is not that is not something that is happening.
What does the woman hearing a cat think about that?
Yes, that's another celebrity that we that we talked to on
this show. That was a fun of you.
That was. Nothing this market hates more
than the the celebrity meme ones.
I think that much is like a a pretty clear fact.
Yeah. That was that was that was
definitely that's definitely interesting.
An interesting one here. Anyways, I'm looking at what I
was saying. Pack one Tyler, that that's a
that's a topic. I mean, tell me more about pack
one because we we've been mentioning quite a few times on
the show lately. Yeah, so the the they've been
generating hype. I mean the blast ecosystem, not
a whole lot of activity. They've been teasing this bridge
or multi chain exit of of some kind and they've seemingly
narrowed it down to ETH or Solana.
And now the latest the, the team burned half their tokens.
So like they're, I actually haven't checked in on, on if the
DEX has updated their, the reduction in the FTV, but like
the FTV was fairly significantly higher than the market cap on
this one for a while now. And so that's going to those two
are going to trade closer in line.
I mean, the Mando's saying like you get burned in the $500
million tokens, which I agree with or you, you, you, you set
yourself up to get burned pack. Is it right?
And, and 90% off all time high. And I think a lot of folks that
have looked at that and say like this is an interesting potential
trade here. Like the last time we saw
someone bridge off of a chain and go on to Solana, it was pups
and it led to the handsome explosion.
Is that going to happen again? Like, probably not to that
degree, right? But I, I also stuff about it
because I thought about buying some because I agree the risk
reward. I like these coins of which epic
is one like the coins which are like 20 million on that bounce
or there were some which really got put in that region even
yesterday. The I think the issue is, is
just that how it's going to get done because I thought about
buying someone. I was like, well, you'll you'll
have to burn. I think there'll have to be a
burn to redeem if it's going to be a non EVM, which seems
likely. And then you have like 2 tokens
trading one let's say on Solano and one on blast and like title
has gone like that might make it a little bit messy, but I do
think the upside's there like PAX won with a how many
followers do they have like 150 thousand or something like that.
I know it's. They have 201,000.
Right, they have 201 thousand, they have 100,000 holders.
I would say that it is a meme of blast like.
That's the thing. PAC Moon, it's after Pac-Man.
But I do think, you know, it's probably worth more than some of
the other shifters that we have on on soul.
So yeah. But it's just it's just the
mechanics of it, of the thing that kind of made me think, Oh
yeah. But then you have two coins,
probably trading and. That's if it's Solana.
That's if it's Solana that they've, yeah.
That's if it's Solani. What other What other chamber
they do it on? I mean it's between Ethereum and
Solana. Yeah.
I don't know, Tyler yesterday seemed to say that it could be
an Ethereum pick. I guess it does make the
bridging easier because blasts on is a theory amount too.
If it's on a ETH then it would be it would be pretty easy.
Imagine like you could have a wormhole style bridge I think.
I think they could make it happen on these pretty quickly
but you still have two coins. I guess it's more like MOG, you
know, like where it trades on both.
Yeah. I'm trying to find their
holders. I'm not able to find it, but I
have to imagine like they've got a massive holder base, you know,
compared to. The blast, I think it's blast
scan. You could, yeah, there is.
You have to go to blast, scan that IO and then the screen.
It says 100,000 holders. Yeah, wow, on here it says yeah
100,405 exactly. So that's probably a top 20
holder count, right? It's a lot dude. 100K a lot it's
you. See, I don't know if you saw
this today, but must stop Murad. The guy's been doing all the
meme coin stuff. So he put out and now analyzing
Ethereum meme coins above $15 million market cap.
And it's interesting that he looks at it the other way
around. What do you mean?
So if you bring up his channel and you bring up his tweet.
Hold on. Computer's lagging.
OK? Oh, I'm back.
OK. Where is it?
This one? This is it.
Yeah, yeah, this one. So he has MOG as good because it
has fewer holders. Yeah, but see that's not
accurate because it doesn't count base.
Doesn't matter. I guess what I'm trying to say
is that he's looking at meme coins the other way round.
So he's looking at cults of buy conviction bag holders above a
certain level and those are the ones he's buying, which I
thought was just interesting. Like that is a logic that that
does breed cults, but it also breeds like horrific wigs.
I mean it does, but The thing is aren't controlled for flight
tokens better in a way than tokens owned by a fuck ton of
people? How did Pepe start?
It wasn't as a they. Pepe has a lot of holders, has
100 and 200,000 holders. No, it always had a decent but.
Most of the supply was in the hands of the top ten.
Top 100 let's say, right? Yeah, yeah, look at Brett.
Yeah, I don't disagree. This basically what I'm trying
to say is I think these can run up quite well.
These are good coins on the run up.
But once they've reached their, let's say, terminal velocity,
they also can be like really horrific on the way down.
I just thought it was interesting as a person who's
like he, I guess his strategy is to build cults.
I would say Pack Noon is a cult. You know, it does feel a little
Gaulty, but he would not buy that because of this.
He wants to buy low low number numbers of all this.
Yeah. What do you think, Tyler?
It's interesting. I think it's a little bit
contrarian, which you always have to to take a deeper look at
there. There's clearly something to it.
It just yeah, that the wrist just feels so much higher.
Just like when you know that you've got the holders who are
just up so much on this. But I guess the upside is
there's more you you have a lot more holders to potentially come
and like they reach this this far with a with a or.
So I think that logic makes sense to me.
Murad, I mean, he's putting out some interesting content and I
mean a lot of these coins. Are doing well.
You can't ignore them. We should get Morados.
Does he dogs voice dogs? He's the ex fund manager who as
far as I'm aware, blew himself up.
Wait, like I. Don't know what you mean.
I mean like the fund blew up in. 2000. 18, 2019 I was hearing, I
was hearing it on the the Brockway spot a lot Quirk
podcast. They were talking about him as
well. And he's like a well known fund
manager from the last cycle who blew up the fund and is now
restarted with meme coins. So this is a fun play.
This isn't just like him. And yeah, I just, I just don't
know if someone gave me $100 million to invest in meme coins.
I don't know if I'd do it how he did it.
Let's put it that way. Like I think he's got, he's
basically playing long term cults and I, I, I feel as though
there's a lot of cults that he's investing in.
And I feel as though even with cults, they sometimes have like
a timeline. And because he's often investing
in these low number, low number of holders, high FTV coins,
which obviously does, does like feed into that narrative as
well. You know, on days like
yesterday, you know, everyone's getting wrecked.
I own like $2,000,000 of some random meme coin like yeah, OK,
it's it's time to sell. You know what I mean?
I feel like it's, it's very dependent on the bull market
continuing with strength. If you start to see weakness,
you'll get days like yesterday. I bet all those coins I bet
other than the low FTV coins, I bet they they got destroyed that
portfolio yesterday. Yeah, yeah, a lot of coins got
absolutely true that that makes sense.
That makes a lot of sense. And I agree we should get him
right on the show. I think.
I think that would be a fun 1:00.
I definitely want to get his ass on and hear it from him and and
how he thinks about that. So we'll send him.
We'll send him. We'll send him a little DM.
I see Agent Loveless in the in the studio.
We'll get you in a minute here. But Tyler, is there anything
else that you wanted to touch on this morning from your talk?
We're talking about controversial meme coin, so why
not do another one? But Nero?
I mean, Nero's at 213 million right now.
Yeah, it is. I mean, it ripped.
It was the first coin to rip while the markets were still red
yesterday. And, you know, bubble maps have
been putting out like the insiders are selling.
I've seen folks in the comments defending it and saying that
those are effectively market makers.
So I haven't done like to do the deep dive diligence on chain to
know exactly what's happening here, but it's clearly like the
strongest new coin. But now it is in this Dane where
like if you like, once a coin hits 100 to 200 million, like
this is where lately on Solana gone like, OK, we got the 200
million. Let's let's do it with the next
one. So like Ethan?
I know Ethan is definitely different, so I, I, I would not,
I'm not shorting this, let's just say that.
Yeah, I'm just going to. Yeah, we'll see.
I mean, whatever Cabal is running that Nero shit, he'll
stop next time. I I don't know, man, Like
everybody zigged towards like not every zagged towards Solana
Nero's while everybody was fighting about which was the
real one. And then whoever zigged and went
the theorem way is winning bigly because that way I went
definitely they got. Wiz.
I mean, Wiz talks about Nero like at least once per day.
Yeah, it's not multiple times. See, Wiz tapped into the Cabal.
You know, we got to get we got to get Wiz to that.
We're like a homies with Wiz. And then my friend didn't tell
us this shit. You know, Wizard of Soho, this
is me calling you out.