June 9, 2025 • 46 mins
BTC edges Higher, Plasma ICO today, Inflation Data this week- FOMO HOUR EP374BTC: 107.7k (+3%), ETH: 2540 (+2%), SOL: 155 (+5%). Top Gainers: ICP, SPX, FARTCOIN, VIRTUAL, BONK. BTC ETFs: -$48mn, ETH ETFs: +$25mn. BTC edges higher, dominance rises to 65%. ETH ETFs on 15 day inflow streak. Plasma ICO today, expecting to raise $50m. Deutsche Bank considers issuing stablecoin. UK FCA to lift crypto ETN ban for retail. Strategy raises $980m in equity sale. Saylor dismisses Bitcoin Quantum Fears. Blockchain Group to raise $340m to buy BTC. Apple & Google consider integrating stablecoins. BTC is a proven store of value: Uber CEO. Nasdaq expands crypto benchmark to 9 assets. Gemini files for IPO. X collabs with Polymarket for prediction markets. Cetus protocol relaunches on SUI. Dubai records $399m tokenized RE sales in May.FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of the biggest topics at present with some of the biggest names in the ecosystem. Streaming live 5 days per week, Monday to Friday 10:00 AM EST to 11:00 AM EST on YouTube and X.JOIN YEET = https://yeet.com/register?aff=fomohourPLAYLIST = https://www.youtube.com/playlist?list=PLGSgoImPFTiVpkHhLXF78cE_Z3uG7VNGLPODCAST = https://x.com/i/spaces/1kvKpydgqMQGELIVE SPACE = https://x.com/i/spaces/1ynJOlOgYAQxRLinks:https://linktr.ee/fomohourhttps://twitter.com/fomohourhttps://www.rug.fm/https://x.com/rugradioHosts:https://twitter.com/farokhhttps://twitter.com/rektmandohttps://twitter.com/tyler_did_itMyriad:https://myriad.marketshttps://x.com/MyriadMarkets#bitcoin #crypto #podcast
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
Yo what up what up good morning good morning GMG Monday babe
Monday June 9th 2025 I got another beautiful day to have a
beautiful day. I got my Co host in the house
highly Mando good morning good morning how you guys doing
(00:24):
today? Good.
Morning, brother, How are you? Fantastic ish.
You know I'm fucking hurting. You're.
Like a little red. Shut up.
I'm, I'm, I'm in pain. I, I, I, I, I like, I went to
the gym real quick right now andI had barely time to eat before
the show. So I haven't had to put my cream
(00:46):
on. So I might, I might put some
cream on my face and my body while you guys talk about the
market today. I'm I'm burning what a dude.
That was like a like a rock poolsort of thing.
Like I I was not expecting this to hit like that.
Rug by the Sun Canada man goes to the beach for the first time.
(01:06):
Dude, I, I got used to like I, this is like my first like beach
session since Ibiza last summer.So you got to, you got to know
that, you know, like I haven't gotten much sun actually in
Dubai. I was inside all day long
because I was so busy. So I didn't really get sun until
like since like last beginning of August last.
So I'm, I'm I'm in pain. Anyways, SPF.
(01:32):
This is going to be my new tokenSPF 770.
You know, put some, put some SPF70 if you were planning on
having a euro summer everyone, because the sun is is hitting
over here and it's tricky. It's tricky.
You think the wind's going to make you cool, but the sun is
hitting anyways. Tyler, how you doing today?
(01:54):
I'm good. We we went to the beach
yesterday as well, didn't get quite as sunburned as as you
did, luckily for us. And then I woke up this morning
and Bitcoin was over 107 K. So like a nice little week here
in front of us. Yeah, it's a it's nice.
You know, the craziest part is my face is the least red part of
my body right now. So, and the least painful part
(02:16):
of my body because I had just a special cream for my face.
It's it's not the parts you think because we're wearing a
bathing suit. But you know, like I'm like I'm
cooked. It's it's the first time I burn
like this. Like I'm usually the guy at the
beach. Just like, yo, you got to put
your fucking SPF 90 on. I'm usually the grandma at the
beach. But yeah, usually the wind.
(02:39):
The wind got you, man. Oh, fuck, and the cold ass water
too, dude. I don't know.
Anyways, anyways, today on the show today, we'll do a little
weekend recap. It's looking good, boys.
It's looking good. We can recap a lot of news.
Let's talk about the markets. I mean circle.
Damn more IPO is on the way for sure.
Plasma, half a billion dollars, dude.
(02:59):
Oh my God, dude, that's insane. Some more news everywhere.
So stock markets and markets, you know, very, very, very hot.
Let's put it that way. I would, some would say red hot
for rock red hot. That's what I would say.
I would not for rock red candles, but then for rock red
hot in terms of in terms of the market, Tyler's top 100, top
(03:21):
news, all all that good stuff. I'm sure he's got a lot to cover
with us today. And then a giveaway FOMO hour,
thecodeheat.com. We'll give you a code during the
show and, and make sure you signup using the FOMO hour sign up
code and make sure your account is public, please, so that we
can pick you, but also that, that, that you have at least
(03:48):
placed a bet on the platform in order to be eligible or else the
same people going to win every weekend.
Good for them. But make sure that you you do
that if you want to have a chance to win a prize that we
give away every single day on this show.
And then last without least, this show is powered.
This show is powered by wallet connect Wallet connect is a
connectivity network shaping thefuture of on chain UX.
(04:10):
If you've connected to Web 3 app, you've seen wallet connect
that blue logo, it's everywhere.An icon of trust in crypto is
recognizable as Visa a checkout.Want to learn more?
Follow wallet connect on X and Telegram to stay ahead of what's
next. But also we picked up a new
rolling sponsor here on the show.
Love to see that Kraken pro baby.
They were so back. Shout to Kraken pro.
(04:33):
So with Kraken pro you get full control over your layout.
Drag drop any module, customize it all.
It's clean, it's smooth and built for real traders.
If you trade pro crypto, check it out pro.kraken.com trade
without trade-offs. There you go Mando.
Damn I I love that Kraken's back.
(04:53):
I I re I use Kraken all the time.
It's my only exchange. I really fuck with them.
So I'm really happy about with. Anyways, Mando, up to you.
The man back, old daddy of the man.
Can you dig it? GM everyone, we've had a decent
(05:15):
day. It feels like it was shaping up
to be a bit of an uneventful weekend.
And then Bitcoin started to edgehigher and then this morning
edged all the way up to where isit right now, like 108 Ki.
Haven't even refreshed it yet. One O 7 four.
One O 7 four so decent level Bitcoin dominance is up very
(05:39):
marginally, but this has just been there's been a decent rally
across the board in in altcoins too.
There wasn't really any like amazing news over the weekend,
but we'd always have that big sell off because of Elon versus
Trump seemingly. Which made no sense, by the way.
Yeah. And then but we seem to have
reversed all of that now and seem to be heading a little bit
(06:00):
higher. There were some like trend lines
that seem to have been broken onBitcoin, which people get
bullish. We're getting bullish about
including James Winn, but all I've really seen is big.
Game Big Game James. It's more Bitcoin treasury news
and yeah, it's a continual stream of people coming in to
buy Bitcoin. We've seen on the ETFs, it's
(06:23):
been a bit more measured less, less important to ETFs.
It's definitely been the stronger for the ETFs.
But it definitely feels like crypto.
Yeah, it's, it's, it doesn't feel like it's falling out of
bed here with the amount of people coming in saying they're
going to buy the big news today in a more, I wouldn't say micro
basis, but on smaller projects, you have Plasma, which is very
(06:44):
oversubscribed ICO that's comingout.
I think it just came out, right.Is that right, Tyler?
It just happened. It was the pre deposits to get
you to the ICO so you had to deposit today to get access.
Wow. OK, so they just, they just
(07:05):
smashed through it. Yeah, it sold out in the first
block, actually, Yeah. Wow.
OK, so they it's. ICO season boys.
Yeah, this is, this is Kobe's platform where we see Sonar,
which is doing doing this. And it feels that we're going to
(07:27):
see a ton more on on the back ofthis, right?
Oh yeah. Feels like I see, yeah, I see a
season. Is is definitely.
Back and people thought they wouldn't be an I Alcorn season.
Let me tell you brother, I got news for you.
This is literally insane. Look at this $500 million public
(07:49):
sale. In seconds.
That's a little misleading. So, so basically, So what
happened is Plasma Foundation, they opened up deposits.
It's it's going to be a stable coin blockchain with, with yield
and all that. So you're depositing stables 40
(08:09):
day lock up. Based on how much you deposited,
you get prorated access to the ICO raising 50,000,500 million
FTV. Got it.
I see. Yeah, Just be very clear, the
sales don't happen yet. Sales will never change.
We full stop. OK, that's good.
That's good to know. Anyways, market wise, I mean,
Manda, we're looking good, right?
(08:30):
170 Bitcoin had a big close yesterday.
We're looking good. I I would say that that ICO
thing is is is pretty bullish. Seems like a crazy thing.
Someone paid 43 ETH in gas fees to successfully deposit 10
million USDC into plasma. It will pay us. 100 grand to put
(08:53):
money on plasma. It's.
So bullish. And I don't know that matter is
an interesting one if it comes back.
Definitely an interesting one ifit comes back.
I think we managed to close the week green too.
Like that's, that's crazy because we it was looking quite
red last week. Yeah, I feel like Bitcoin is
(09:15):
going to have another run at alltime high this week.
Yeah, that's just. It's my gun.
For sure. Macro wise, we have CPI, we have
PPI, which are both inflation metrics.
The main thing is that the 10 year and 30 year continue to go
higher. We're hitting the the highs
(09:35):
since the financial crisis now on some of these bond yields.
So nothing's broken yet, but that that remains a little bit
of a worry I would say, but the market isn't really isn't really
reacting like it worries. It's worried too much.
Yeah, we have stocks slightly higher again today.
Stocks are at their higher salessince February.
(09:56):
We're close to all time eyes again across the board.
Wow, yeah, that's incredible. These high bond yields haven't
really affected much. Tesla's down a little bit again
today in that back and forth. It seems the Washington Post ran
a story that well, Steve Bannon said that they would actually go
into a fight Besson and. I saw Tyler talk about that.
(10:21):
Pretty, it's pretty wild, but Trump basically said I'm done
with Elon as well again over theweekend.
There's nothing more to say so. And Elon deleted all his tweets
and he's not supporting Trump again.
Seemingly he fucked up. Yeah, I wouldn't want to get
into a fight with the president of the United States.
Let's put that one. There's richest man in the
world, but then there's more powerful man in the world.
(10:43):
And you know, whether Elon is right or wrong about the the
bill doesn't matter. The other day, you don't
publicly beef with the presidentof the United States of America.
Yeah, power is. Power is power, I think.
Ladies and gentlemen, you got a lesson last week in Powernomics.
You know, you don't fuck with power, you know.
(11:05):
So anyways, all right, so you said there's some data coming.
PPI is all stuff. Is that this week's matter?
Is is that something? To pay attention.
It's not so it's not a small week for dating.
We have some stuff that could move the market a little bit.
Let's see. Let's see what happens.
All right, perfect. Well, good.
That's good. On the market side, look, we
have a heavy Newsday. So Tyler, we'll just go to you
right now and have a couple carbs, 0 plasma circle on the
(11:28):
other stuff because there's a lot going on food really, NFT
and cryptoanalysis. Tyler T on FOMO our cause the
kids. Can yeah folks crypto majors
green and running this morning amidst US China trade talks
ongoing Bitcoin up 2% one O 7 five eats up one percent 2530
(11:51):
Seoul hanging out where is 154. We had the ETF's 15 day inflow
streak through Friday, 837 million in net inflows across
that time. So that's a pretty strong streak
right there. Especially I missed some
weakness on the Bitcoin side of things.
Sailor, he's back. He announced that they bought
110 million in Bitcoin in the past week, including some
(12:14):
weekend buys. He doesn't always go into the
weekend, so that was interestingto see.
In other headlines, we had the Trump team come out and say
their Trump wallet has been shelved.
Eric Trump confirmed the official Trump meme coin law
will not launch due to a branding clash with World
Liberty Five. He also announced support for
that Trump meme coin. Saw a brief pump, but it wasn't
super long lasting. Jim and I confidentially filed
(12:37):
for an IPO following that CircleIPO success.
Speaking of Circle, at stock up another 15% today.
It's sitting at 123. I think it touched 133 this
morning. So it just continues to grind up
now well over $20 billion marketcap we had, X Winner announces
(12:58):
joining forces with Polymarket as official prediction market
partner. So you're going to see a whole
lot. More.
On your timeline, that was a bigone on Friday in the Senate and
House committees rapidly advancing the stable coin bill
and market structure bill. Key markups expected in this
next week in token AirDrop and protocol news.
Plasma, as we just talked about,they opened up their deposits
(13:19):
this morning, 500 million raisedin 2 minutes first block ahead
of their upcoming sonar sale pump fun.
More reports are coming out thatthey are considering doing
revenue share with token holdersalong with a 10% AirDrop to
users. That first report did not
include AirDrop. So now it looks like the AirDrop
might be in the mix again. Still just rumors.
(13:40):
Skate token that went live for Kaido, Yeppers and stickers this
morning and then Red Coin openedup that reclaim.
I haven't done the math yet. I believe that the rec tokens
paid for the drinks in full onceagain.
Love to see that. Rounding this out, AI was up 5%
(14:01):
to 10 billion, I think largely on the back of fartcoin and
virtuals in green on the day. Memes were very green.
SPX up 12%, Fartcoin up 12%. Kind of leading the way right
now for the majors. We had tokens like this Mixie
token was up 60% to 80 million launch coin.
I think this is a big a big story that we are seeing a bit
(14:22):
of a rotation from the the new me coin trenches back to some of
the the more like products. ICM launch coin back to 200
million. Several of the believe that
ecosystem tokens were big runners this weekend and Starz
Arena over on AVAX. This thing's back up to 240.
Million. Basically a 3X in the past week,
(14:44):
so big movement there and NFTS just rounding us out.
Majors kind of just chopping, declining a little bit.
Bad Bonds up 100% of the week and then Project A on the NTS
tied to SBX up 70% there, the top 10 on the week.
Then some ape chain NMT action. I think Open C opened up a quest
for folks to buy a chain NMT to get rewards and several of their
(15:06):
NMTS pumped on the back of that.So that is the roundup.
HNFTS So where do we even start because there's a lot of stuff I
want to talk to about to you guys about here, whether it's
the Poly news, whether it's launch coin, some meme coin
(15:27):
action Circle. I mean, I guess we should start
with circle because we really covered that extensively on the
show last week. Chat CPT undefeated that I saw
the repost another clip of of usasking ChatGPT what to do with
the strong buy signal. I mean boys, this is like a 4X
(15:48):
nearly a 4X from open. What is the 2 questions?
The success is incredible. My question was is, are we going
to see this happen more often this successfully because now
everyone's going to want IPO? It's a massive success.
I do think we're going to see a lot more IP OS.
We've already seen Gemini file. I I think the the warning out
(16:11):
there, the soft warning is that you probably shouldn't expect
circle like gains no, for all the upcoming IP OS, I think this
was kind of a Unicorn launch. It was the first real crypto IPO
why didn't since Coinbase. It had the stable coin narrative
had a good US regulatory set up in this in a bullish crypto
(16:36):
market as well, and it was very unexpected, right.
I mean a lot of CT was caught offsides.
I I whipped on this trade. I thought it was overvalued at
six or 7 billion. It got all over my face.
Now it's 300% higher. But the next one, people, people
won't get caught off guard, right?
So I think it'll it'll be a different set up.
(16:57):
You're going to have to evaluateall of them individually.
But I think it's clear that we're going to see more of this
now. There's this kind of running
narrative on, on crypto Twitter that people are going to leave
crypto to go back to stocks. I'm not.
I'm not buying. That this is like the most
insane bottom signal in the history of bottom signals in
crypto. I think like like influencers
(17:19):
are buying stocks now. Yeah, feels, feels a little.
Amanda, I see you smirking here.Like what do you do?
You agree? Like this is so funny to me,
right? Yeah, cool become full circle
back to stonks. I I feel like this is I wouldn't
over play this necessarily. Like I do think this is slightly
(17:42):
a bubble within itself, like thewhole reverse back into into
crypto treasury. I think we'll get old and could
turn particularly for things that aren't Bitcoin, let's say,
or maybe ETH as well. And then I see this and I think,
(18:03):
I think Circle has a very uniquenarrative in that it is just
purely a stable coin. It's purely a stable coin.
We've seen Kraken IPO and I don't think it's going to be
some incredible trade like Coinbase.
You, if you want to own Kraken, you can own Coinbase.
Do you know what I mean? Like it's not like it's a unique
trade, whereas I think, I think the Circle has a unique trade
(18:24):
for it or gem. And I like what's what's it's
pitch going to be like, Oh, we're, we're another exchange.
We're slightly smaller. I I feel as though the reason
why, why circle is trading into the high multiple is because of
that. So I think we will see a bunch
of them IPO, but do not expect the same sort of firm
performance as circles here because circle, I think this has
(18:46):
that stable coin narrative that none of the others that none of
the others do. You could maybe argue like
Ripple would would command a really high multiple.
But I think the main thing is like look at Coinbase stock.
Coinbase stock hasn't really like soared.
Let's have a look at that. I haven't looked in a while.
I mean, it's it had an incredible cycle thus far,
(19:08):
right. Let's see it went all the way
down to like sub 100 at some point.
OK, so 253. Yeah, it's, it's, it's back from
quite the dip though, right, right.
It's, I mean, it's not doing terribly.
My point is, is that it's not doing what Circle just did.
(19:30):
It's not like we can't have likeeveryone's desperate for crypto
exposure like Coinbase is. It's rebounded from 160 to 250,
but it's still comfortably below.
It was 350. Yeah, I mean they open too big,
right. Like I like how circle like they
were getting some slack. They won Mendel saying, oh, you
could have opened bigger. I think Tyler, you covered that.
(19:52):
But I think this is a situation where like everybody ate.
Yeah. So we'll see.
I think you're, I think I'd be careful like if for the people
who are going to chase these like I wonder like I still
rather own Bitcoin, Ether, Solana, let's say than most.
(20:13):
Up and coming IP OS unless I were to buy them pre IPO, you
know what I mean. Well, I think pre IPO is the
trade for a lot of these, right and I think but.
The average person doesn't have that.
Yeah, you. Have to compare them to
everything else and like whenever anyone, whenever the
pitch is, it's free money. Everyone rushed there.
Do you know what I mean? Yeah, normally it doesn't last
(20:35):
that long. Like it just doesn't last that
long. It like you've normally got like
a month or two of that. So maybe we will start to see
like everyone try an IPO but butI think only ones with very
unique narratives can maybe command this sort of like this
sort of premium. I'm not.
(20:56):
I don't think this IPO is going to do a 3X off the break for
example or or otherwise Coinbasewould be ripping.
Right. I, I, I don't see why Jim and I
would, would do that. I don't think they have enough
demand on the market for that. Also not forget like the circle
part of the circle price action,a lot of the IPO investors
effectively are told not to sellfor what the 1st 60 days?
(21:18):
Robin Hood gave that message up.Got it, got it.
So. Perhaps a little bit less cell
pressure. I don't know, Like I, I'm
respecting the pomp. I think it very likely could go
higher from here. But let's not forget, like,
Circle has a lot of competition.Like Deutsche Bank came out this
weekend and said they're evaluating doing their own
stable coin. Yeah, we know this is a
(21:39):
competitive space. Yeah.
Is that a cup and handle that's.An idiot.
I'll show you a cup and handle. You want me to show you a cup
and handle Mando? Yeah, where's oh fault coin?
Let me show you a cup and handleMando.
And to my bags, cup and handle. I'm sorry, but is this not a cup
(22:02):
and handle? I'll show you a cup and handle.
Madam, you want me to show you another cup and handle?
This is Dark Cup. This is dark cup and over.
Can I show you another cup and handle?
That's a handle, right? Because it's flat.
Oh, let me show you another one.You.
Know the handles would be prettyflat, yeah?
(22:23):
I can show you another one here too.
Is that like a cup to you though?
That looks that that if someone served me that I'd be like, wow.
With there's, there's different type of cups, right?
There's some that are like made in like England or some that are
made in Portugal or something made in the USA.
So all sorts of different. That's the Portuguese Cup, is
what we're saying. The the yeah, the the far coin
(22:44):
one is is looking better and better.
I mean, it's it's finally starting to go.
So I'm I'm I'm I'm I'm curious when the when when Coinbase is
going to start, you know, trading here.
But anyways, Tyler, what else doyou got for us today?
You're talking about launch coin.
So tell us more about the launchcoin eco like this is it's
looking good. Yeah, I think this is somewhat
(23:05):
surprising to a lot of folks, soI'll give some first hand
perspective. I was perhaps I was the last
soldier, like the Japanese soldier on the island.
I, I traded some pure memes on Solana last week after the the
pump fun announcement and just got absolutely wrecked, just
totally destroyed. And like I'm seeing like then we
(23:27):
saw the, the Elon the America party fiasco that played out.
What was that Friday into Saturday?
Yeah. $85 million in combined volume across these two PvP
tokens and none of them got past3,000,000, which just goes to
show you that like Wow, that is an unplayable game.
I've seen some of these tapes onthe timeline.
(23:48):
Like people are fucking annoyed at the moment, aren't they?
Like they're just like stop withthe PvP.
Like let's just at least just have one fucking coin that wins.
That was a pretty good set up tohave at least a night runner.
Like Elon comes out with a new political party and then you get
one called America Party and onecalled the America Party and
(24:09):
then they just battle each. Other and then no.
It's so insane, there's no pointplaying that game.
So what's happening though is whether it is worthwhile or not
a rotation to this to the beliefecosystem.
So I mean several of the the ecotokens are up substantially off
(24:30):
the. Bottom Wow, this impressive.
It hit like 110 I think so it's up 2X.
Wow is. CLED token hit 30,000,035 over
the weekend. It's at 24 right now.
It's it's down a bit. There's been several in like the
the one to $2,000,000. Ranges have seen like 3 to 4X's
so there's some action like thisfeels like more of where the
(24:52):
action is now than just pure. Like OK here's a here's a funny
new meme of the day. Let's trade it for a few hours
like that feels like it's over temporarily.
I don't think it's over forever but until like something changes
until the PvP changes and perhaps until pump fun token
comes out, it feels like the pure meme play is over for a
(25:12):
little bit. Also could be rotation back to
the the more established ones. Yeah.
So like we saw SPX up 35% of theweek far coin of course grinding
up with with a huge potential week ahead if we think we're
going to get Coinbase and the SPX chart is arguably.
One chart. Damn.
(25:37):
Yeah, Aspects is wild. Pay attention.
Uh oh. Amanda was telling you to pay
attention. Be careful, everyone.
Famous last words. He told us to buy EFI once
again. Didn't do it.
I just bought SPX down. Hey, this is a good E beta bet.
(26:00):
They also bounced pretty well off the lows year back at $5
billion. The.
Established ones, right? So you've got less daily
competition. Too.
Not everyone. I feel like the the longs coin
is a very divisive slash hated rally.
So you've got a lot of a huge section of the market just not
going to touch those tokens, at least for the near future, which
(26:27):
I think makes them interesting, but it also helps the the more
established ones. So it's going to be interesting.
What happens if we see Bitcoin go to all time high this week?
What what else is going along with it?
I think it's SBX and Park coin. I think it's probably hype.
Yeah, what's hyperliquid at right now?
(26:47):
Like 36. Yeah, it's grinding back.
Up 30 wow man wow what a trade eh this is this it's going to go
to prices cover at some point again right it's the breaks
above that and the. Breaks for 40 people are going
to get pretty excited I think. The other one flying perhaps
(27:13):
under the radar, the Arena StarsArena.
Just saw that arena. Token it's up to 140 million
FTV. So what pushed that these guys
were cooking? I met the I meant the founder in
DC actually. So they just continued to build
through a pretty long bear market.
They've got their own. So like they are in becoming an
(27:34):
everything app, right? It started social fly, but now
it is a a bona fide trading app.They've got like a trenches
section. They've got a wallet in their
portal, so you can do all this, and I think some of their
Trenches tokens have started to have some success.
There's been a little bit of an ABEX meme season here as well.
I'm not in the weeds on that, soI can't really speak to which
(27:54):
tokens that have been doing well, but it seems to be
propelling Arena quite a bit. Wow this is impressive man.
Are you're in the arena trying things?
Yo what was Trimoth talking about The size of his Dick?
Yeah. Have you guys seen that it's?
(28:18):
It's hard to show up to X and not see the shamath tweets
because everyone just. Like this guy's talking of his
own cock is like an Anaconda. Do you see that he goes like
this is like that got lost in between like Trump and Elon
fallout and then all of the stuff like and then because that
(28:39):
you said arena and you remember he's like in the arena, trying
things, doing things, whatever. So that made me think of
Chamath. Someone's saying like hell of a
transition. Yeah, money definitely can buy
aura, but he goes, I'll bet yourentire net worth X10.
The Anaconda is the worst kept secret of the Silicon Valley.
Worst kept secret. That's strange man.
(29:01):
Strange message. Right, guys?
It's a little weird, no? He has this knack of taking
these situations and making themabout him like this.
This was during like the whole Trump versus Elon thing.
Yeah. And then Shamoff came in.
Like, what about me? Let's talk.
(29:23):
About my. Statistic.
I didn't watch all this weekend.Did did they talk about Trump
versus Elon? Who?
No, I don't know. I don't.
I don't watch. I.
Think they didn't? They didn't air their episode
this week. Wow.
Well, because this guy's talkingabout his Anaconda on the
timeline. Oh, I want to waste this.
(29:45):
He goes, I'm having trouble hearing you.
Can you say it again? And then naked nakeda beer, like
racial like really badly too. So like a lot of people got
involved in this. He goes, is that the money you
stole from middle class Americans in pump and dump
schemes? I'm enjoying that.
(30:06):
Yeah, it's if you look up Chamoth on Twitter X, it's it's
pretty wild, Amanda. Anyway, I just saw I I had to
bring it there because this timeline has been insane.
(30:26):
Tyler anyway, but I I do want totell the virtual Z code 2 is
doing good SPX and it's little ecosystems doing eco meaning
like it's holders community is doing good far coins back up,
which is really good with 114 while it's pumping hard as we're
speaking far coins doing good again.
So that's like that's like outperforming as well with this
(30:47):
PX Lance coins doing good. Shout out to wrecked after the
other air drop today to the shipwrecked holders once again.
It's not the first time that wrecked pumps in the air drop
day, by the way, which is doing good again.
So love to see that Pepe's back above 5 billion MOG bottom
pretty well. Hopefully they catch a good bid
here. Like we're like seeing some good
like hyper liquids in in a good position here at $37.
(31:10):
You have Solana the hopefully button bottom in the 140 mark.
Tyler, We could see a good pump here like we like bitcoins about
to hit all time high again. Ethereum hopefully catches more
of a bid here like it bounced pretty well, but I would love to
see it back at $3000 personally speaking to get like turbo
bullish again like we're we're starting to see like I don't
know like I know some people were scared by like a week long
(31:30):
fake out here Tyler, but y'all got to be a little more patient
man like we dumped on May 29th, then we dumped harder May 3030
first right, we dumped harder during into the monthly close,
but we still managed to like close the next weekly after that
queen like and then we went whatto 100K Tyler, maybe quick tiny
(31:51):
flash week to 9899 K, but peoplegot to be more patient Ty like
why I don't you and I are patient.
We just wait, but. How much more reinforcement do
you need? This last step to 100K got
bought up in a 12 hours. Maybe less.
(32:11):
Tips. The tips are getting shallower
and shallower. Shorter and shorter.
Bob Bob's saying we're the firstday of a new 60 day cycle.
He thinks we're going. Well, he nailed if if this plays
out, Bob nailed it there it is getting spicy.
So this was the original call You and I both try it's fine.
We we both have a notification on for Bob.
(32:32):
I can tell. So here you go.
I was calling for this, which then specifically so that
happens right like right there boom right shout out to Bob
Lucas. We should get Bob Lucas on the
show once just do some TA and stuff.
But anyways, so this happens he says he wants to see run below
100K, which I believe we quicklytapped that even after he posted
(32:53):
that like 100 or 90. I don't know what we went to
Tyler. I, I, I haven't been paid
attention. I don't care anymore. 105 is
what I saw, but basically 100. I'm all in the market, so I'm
not looking like I can't buy thedips and I'm not, you know, I
don't care like I, I, I'm good. So we went to here on on Nance,
which has the most, I guess we kissed one 100, so exactly 100.
(33:18):
And this is the start of a new 60 day cycle, dude.
So he's calling for 1:20 next. I think it's 120.
Next to me it's just a matter ofwhen.
Like and I wouldn't be surprisedif it's this week.
I I feel like we're just one announcement away.
This all feels like a powder cake.
So what kind of announcement though, Tyler, because we have a
lot of good announcements every day, Ty.
(33:40):
It's like what kind of announcements sends you to 120
or let's say even 100 and 12/14,right?
Thank you for asking I I've got a couple.
OK, OK, let's go. So one the the continued rumors
of no capital gains tax on crypto.
Don't put the. Merit behind these, But if Trump
was to come out and say that, I think we we, we rock it straight
(34:02):
to 120 K. OK.
Back of that announcement and then Bo Hines I saw an interview
circling from this weekend wherehe said and I hadn't seen him go
this far yet in an interview that the the government is
effectively evaluating dozens hundreds of ways to accumulate
Bitcoin that that's the path they're going to take but
(34:24):
they're not going to using both words poison the well and share
the details of how they're goingto do it until.
It's, well, no, you can't. Well, China, Russia, all the
other states are going to start doing the same thing.
And he pointed to mining, he pointed to these bit bonds so
that they've got a, a few different options.
And of course, there, there are several, it becomes, it's
becoming increased and clear to me that they're going that the
(34:46):
US is doing it or perhaps already is in, in some capacity.
And as soon as that is revealed,that's another powder keg
announcement that that just rockets us up.
And that's just too, I think there's, there's likely others,
you know, potentially like sovereign wealth funds, nation
states, perhaps good, good news out of the Fed.
(35:07):
So, so there's, there's a few different ways we can do it.
Am I going to bet on 120K this week?
I would need some. I would need some.
Yeah, but. We have the M2 chart.
The M2 chart says it's coming. But we haven't looked at the M2
chart in a minute. In a minute.
OK, Two hours ago. OK, so one posted two hours ago.
(35:28):
Well, am I sharing my screen? I'm not, right?
Hold on. Sorry.
I thought I was hold on, I forgot, I forgot I looked at the
M2 chart when I was like down bad because I was like fuck like
4 coin just dropped like 40% andthat's all.
Oh OK. Well no M2 chart is like Bob
Lucas bro. We're looking into end of June.
Is that where this? Also, yeah, look, you see here
(35:51):
if you go straight down, that's it's around like third week
here. And Bob Lucas was quite aligned,
by the way. Yeah.
But we're we're front running ita little bit, yeah.
I mean, listen brother, this week, in two weeks, I'm good.
Two weeks is more likely than than this week probably, but I
(36:14):
think it's a matter of when and not if at this point.
Strong statement and I'm here. Also another big buyer, right?
That's another potential catalyst.
So we were like how many corporate treasury announcements
we've had, we've had every week,like if another huge move comes
down the pipe like that could dodo it.
So it's a nice set up. Yeah, dude, we're like a really
(36:36):
fucking good time. We're looking good.
Anything else? We should talk about the Poly
market news. We should, I mean, we quit
glossed over it on Friday. It was a Friday because it
dropped during the end of the show quickly.
But please go ahead and I'll I'll share my screen.
Yeah, so X officially partnered with Polymarket.
They've named it their exclusiveprediction market provider.
It's going to allow them to surface real time Poly market
(36:59):
odds driven by crypto wagers, notably to appear returning
posts, I think particularly related to politics, current
events, elections. It's going to be powered by
Grok, which will help surface the the these different
forecasts and markets. As I understand, there won't be
bets being able to be placed directly in app yet that is
(37:19):
perhaps coming. And I think another aspect of
this, the product team said thisis the first of several
integrations and unique experiences.
So it looks like this is the start of a longer term journey.
So super bullish for poli marketbut bullish for all the
production markets. Yeah, very.
(37:43):
So, yeah, exactly. Well, first and foremost, like I
believe that X needs to launch payments and maybe their own
stable at some point before launching this, like any
embedded live poli market agent.And we know that X payments is
on the way because I think LindaYakarino, the CEO of X and and
Elon have talked about touted a few months a weeks ago.
So that's first and foremost, right.
I don't because I was thinking about it.
(38:04):
We talked obviously like that was chatter with me and my
executives, like right as soon as it's dropped.
Second of all, I was asked a lotby friends and holders and
people, you know, invested in USand everything saying, yo, like,
is this good or bad for you? And to me, I and you know, I had
time to think about it since thenews on Friday.
You know, my first thought was like, oh, this is bullish.
(38:24):
My second thought is still this is extremely bullish because
it's just expands the Tam. I mean, I kind of alluded to
that with you on the timeline when you posted by like
yesterday or something. But like this expands prediction
market contracts and prediction markets as a whole to a whole
new like set of people and prediction markets are just
going bigger and bigger. So I, I think it's great.
(38:46):
I think it's awesome that Shane is pushing through.
It looks like they were kind of losing to Kaushi in terms of
attention and mindshare a lot lately, right?
Like Kaushi's got Robin Hood, Kaushi got a lot of different
deals. Kaushi came out on Bloomberg
with the fact that X would partner with them.
That article got taken down and the tweet and Polymarket came
(39:07):
out with X joining forces is their official prediction market
partner. So I don't know what happened
behind the scenes in terms of, of, of shenanigans, but it seems
like there's that end for the mirror outside.
It's great, man. I mean, we've got a lot of stuff
going on our, ourselves, we're expanding.
So today this we, we announced it Friday, but you know,
Friday's not great for announcements.
So I posted it today, personallyspeaking, but we launched A
(39:29):
Telegram alerts channel for mirrored markets, which allows
you to get the markets first. So actually little alpha for
people. I think I, I think someone's got
to check, but I'm pretty sure the markets get picked up by the
Telegram before the website. So there's your ads for people
who want to join. Yeah, I'm going to pin it to the
top of Twitter Spaces, but you guys should join because also
(39:51):
anyways, we're going to make it soon that you have to get in the
Telegram channel to win the Heatgiveaways.
I want to explain why that's important quickly for for folks
who who may not be as deeply experienced in prediction
markets, but are interested in that.
If when you are early to a market, you have a chance to
kind of get in before perhaps anequilibrium is set.
It's like let's say that the team launches market at 5050,
(40:14):
but bettors think it's going to be 6535, right?
Like if you see it on the gun, you you've got that first chance
to get in there and perhaps on aon a juicy side where you can
get a quick 20 to 30% of gain inposition before you you reach
that equilibrium. So it pays to be early.
(40:37):
It definitely pays to be early like you said, but anyways, I
think it's super bullish. I invited to join the telegram.
I I paid the Twitter spaces Right now it's at the top.
It does pay to be early. I know a few people that have
notifications on for the tweets and stuff, but this is like, is
it sharing my telegram account? No, yeah, so here's my telegram
and it's this. And so you have all the markets
(40:58):
like going live and sends you notifications.
Like right now we have 1 the NYCtemperature above 76°F by on
June 10th. So we we've been doing all these
little flash markets Tyler lately.
And so you know they're this is everything today.
And so they've just been runningnon-stop.
So highly encourage people to topay attention to that.
(41:20):
Just quickly. If you want to win the giveaway,
join the Telegram channel. And the code for raffle ball dot
XYZ is cracking today. Shout out to our new rolling
sponsor here on the show on SOMAwhere we love crack and actually
got to load up, prepare the charts so I can start sharing
those charts on the show. And actually they're very nice,
very clean, very smooth. Kraken, Kraken, Kraken is the
(41:41):
code. So if you want to have a chance
to come and win some money, Tyler, was there anything that
we missed? That was the big ones and I
think that the pump fun. Again, this isn't news as much
as it's rumors. So tell me more about the rumor.
The latest report is that they are considering both revenue
share. So I don't know if that's going
(42:02):
to be a token buybacks along with 10% AirDrop to users.
So I think that was some of the,the very initial reaction FUD to
the announcement was there was no AirDrop, so that they're
going to fix that. And then the revenue share was a
key one that I think folks we talked about on the show, we
(42:22):
thought that was coming. But this looks like a little bit
more confirmation than it is. We also got the supply, it looks
like they're considering A1 trillion token supply, which
would put that pump token at 0.004 for that initial sale.
So some nice unit bias, which isalso notably different than the
(42:44):
unit bias for those pump tokens because they like those are on 1
billion supply. So pump token 1 short supply.
What if it goes to a dollar? We saw the demand for Plasma
today. Anyone who thinks this, forget
your thought that this pump token is not going to sell out.
(43:05):
Like if you have any creeping doubt in your mind that they're
not going to sell it out, they're going to sell it out.
Plasma is not even doesn't even have a working product yet and
pumps made $700 million in the last year.
So it's going to sell out. It's a matter of how fast and
(43:26):
then what other terms are we going to get so we can start
projecting out where we think itgoes afterwards.
But with the speed of new details coming out of makes me
think that this thing actually is close.
I feel like we'll probably get that in the next couple weeks.
The pump one Yeah it's coming it's got to be coming this is
(43:48):
this is hot like you're we're hot it's this summer also you
know what though this could be what like brings a fuck ton of
liquidity to the market in the summer.
I will take the anti and by the you were right, but I will take
the anti CT take any time of dayand was like, oh, there's going
to be liquidity black hole last week.
Look at the fucking market now. Bitcoin's about to hit all time
(44:08):
high again. You know what I mean?
If you counter traded CT last week when they dumped on the on
the news like Farkle with 800 mil Tyler, you know, so if you
counter traded that you up enormous today.
And like let's just get a reality check.
I think Plasma is a good realitycheck of how these this was not
a direct pre sale. It was a stable coin deposit to
(44:32):
get you access to an ICO. But the top 84 wallets
contributed 450 million of the 500 million.
So there's your data point. The whales are providing massive
amounts of capital for these. It doesn't mean that the minnows
can't get in and still get in onthe trade.
(44:53):
But how that relates to pump funis it's not the trench warriors
who are going to be funding 84% or 90% of the pump token
presale, right? It's going to be whales who
likely weren't deploying capitalinto the meat market anyway, or
funds who want to get exposure to memes but they can't
(45:15):
underwrite individual memes. Like that's not a game they're
allowed to play. But they could.
They could play on protocol. And then when you get the
AirDrop component, to your pointnow actually is it can become a
liquidity influx. Yeah, I agree.
I think, I think we're going to make a fuck ton.
(45:35):
This going to make a fuck ton ofmoney for the space in general
and it's going to work out pretty well.
And I think everybody is going to win.
I don't. Know.
Maybe I'm wrong, but I don't think I'm wrong this time around
with this, we've been quite right.
You mean Mando this cycle so far, especially this year.
So I think, I think this is, I think this is going to, I think
(45:58):
this is going to be quite good anyways.
Yo what up what up good morning good morning GMG Monday babe
Monday June 9th 2025 I got another beautiful day to have a
beautiful day. I got my Co host in the house
highly Mando good morning good morning how you guys doing
(00:24):
today? Good.
Morning, brother, How are you? Fantastic ish.
You know I'm fucking hurting. You're.
Like a little red. Shut up.
I'm, I'm, I'm in pain. I, I, I, I, I like, I went to
the gym real quick right now andI had barely time to eat before
the show. So I haven't had to put my cream
(00:46):
on. So I might, I might put some
cream on my face and my body while you guys talk about the
market today. I'm I'm burning what a dude.
That was like a like a rock poolsort of thing.
Like I I was not expecting this to hit like that.
Rug by the Sun Canada man goes to the beach for the first time.
(01:06):
Dude, I, I got used to like I, this is like my first like beach
session since Ibiza last summer.So you got to, you got to know
that, you know, like I haven't gotten much sun actually in
Dubai. I was inside all day long
because I was so busy. So I didn't really get sun until
like since like last beginning of August last.
So I'm, I'm I'm in pain. Anyways, SPF.
(01:32):
This is going to be my new tokenSPF 770.
You know, put some, put some SPF70 if you were planning on
having a euro summer everyone, because the sun is is hitting
over here and it's tricky. It's tricky.
You think the wind's going to make you cool, but the sun is
hitting anyways. Tyler, how you doing today?
(01:54):
I'm good. We we went to the beach
yesterday as well, didn't get quite as sunburned as as you
did, luckily for us. And then I woke up this morning
and Bitcoin was over 107 K. So like a nice little week here
in front of us. Yeah, it's a it's nice.
You know, the craziest part is my face is the least red part of
my body right now. So, and the least painful part
(02:16):
of my body because I had just a special cream for my face.
It's it's not the parts you think because we're wearing a
bathing suit. But you know, like I'm like I'm
cooked. It's it's the first time I burn
like this. Like I'm usually the guy at the
beach. Just like, yo, you got to put
your fucking SPF 90 on. I'm usually the grandma at the
beach. But yeah, usually the wind.
(02:39):
The wind got you, man. Oh, fuck, and the cold ass water
too, dude. I don't know.
Anyways, anyways, today on the show today, we'll do a little
weekend recap. It's looking good, boys.
It's looking good. We can recap a lot of news.
Let's talk about the markets. I mean circle.
Damn more IPO is on the way for sure.
Plasma, half a billion dollars, dude.
(02:59):
Oh my God, dude, that's insane. Some more news everywhere.
So stock markets and markets, you know, very, very, very hot.
Let's put it that way. I would, some would say red hot
for rock red hot. That's what I would say.
I would not for rock red candles, but then for rock red
hot in terms of in terms of the market, Tyler's top 100, top
(03:21):
news, all all that good stuff. I'm sure he's got a lot to cover
with us today. And then a giveaway FOMO hour,
thecodeheat.com. We'll give you a code during the
show and, and make sure you signup using the FOMO hour sign up
code and make sure your account is public, please, so that we
can pick you, but also that, that, that you have at least
(03:48):
placed a bet on the platform in order to be eligible or else the
same people going to win every weekend.
Good for them. But make sure that you you do
that if you want to have a chance to win a prize that we
give away every single day on this show.
And then last without least, this show is powered.
This show is powered by wallet connect Wallet connect is a
connectivity network shaping thefuture of on chain UX.
(04:10):
If you've connected to Web 3 app, you've seen wallet connect
that blue logo, it's everywhere.An icon of trust in crypto is
recognizable as Visa a checkout.Want to learn more?
Follow wallet connect on X and Telegram to stay ahead of what's
next. But also we picked up a new
rolling sponsor here on the show.
Love to see that Kraken pro baby.
They were so back. Shout to Kraken pro.
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So with Kraken pro you get full control over your layout.
Drag drop any module, customize it all.
It's clean, it's smooth and built for real traders.
If you trade pro crypto, check it out pro.kraken.com trade
without trade-offs. There you go Mando.
Damn I I love that Kraken's back.
(04:53):
I I re I use Kraken all the time.
It's my only exchange. I really fuck with them.
So I'm really happy about with. Anyways, Mando, up to you.
The man back, old daddy of the man.
Can you dig it? GM everyone, we've had a decent
(05:15):
day. It feels like it was shaping up
to be a bit of an uneventful weekend.
And then Bitcoin started to edgehigher and then this morning
edged all the way up to where isit right now, like 108 Ki.
Haven't even refreshed it yet. One O 7 four.
One O 7 four so decent level Bitcoin dominance is up very
(05:39):
marginally, but this has just been there's been a decent rally
across the board in in altcoins too.
There wasn't really any like amazing news over the weekend,
but we'd always have that big sell off because of Elon versus
Trump seemingly. Which made no sense, by the way.
Yeah. And then but we seem to have
reversed all of that now and seem to be heading a little bit
(06:00):
higher. There were some like trend lines
that seem to have been broken onBitcoin, which people get
bullish. We're getting bullish about
including James Winn, but all I've really seen is big.
Game Big Game James. It's more Bitcoin treasury news
and yeah, it's a continual stream of people coming in to
buy Bitcoin. We've seen on the ETFs, it's
(06:23):
been a bit more measured less, less important to ETFs.
It's definitely been the stronger for the ETFs.
But it definitely feels like crypto.
Yeah, it's, it's, it doesn't feel like it's falling out of
bed here with the amount of people coming in saying they're
going to buy the big news today in a more, I wouldn't say micro
basis, but on smaller projects, you have Plasma, which is very
(06:44):
oversubscribed ICO that's comingout.
I think it just came out, right.Is that right, Tyler?
It just happened. It was the pre deposits to get
you to the ICO so you had to deposit today to get access.
Wow. OK, so they just, they just
(07:05):
smashed through it. Yeah, it sold out in the first
block, actually, Yeah. Wow.
OK, so they it's. ICO season boys.
Yeah, this is, this is Kobe's platform where we see Sonar,
which is doing doing this. And it feels that we're going to
(07:27):
see a ton more on on the back ofthis, right?
Oh yeah. Feels like I see, yeah, I see a
season. Is is definitely.
Back and people thought they wouldn't be an I Alcorn season.
Let me tell you brother, I got news for you.
This is literally insane. Look at this $500 million public
(07:49):
sale. In seconds.
That's a little misleading. So, so basically, So what
happened is Plasma Foundation, they opened up deposits.
It's it's going to be a stable coin blockchain with, with yield
and all that. So you're depositing stables 40
(08:09):
day lock up. Based on how much you deposited,
you get prorated access to the ICO raising 50,000,500 million
FTV. Got it.
I see. Yeah, Just be very clear, the
sales don't happen yet. Sales will never change.
We full stop. OK, that's good.
That's good to know. Anyways, market wise, I mean,
Manda, we're looking good, right?
(08:30):
170 Bitcoin had a big close yesterday.
We're looking good. I I would say that that ICO
thing is is is pretty bullish. Seems like a crazy thing.
Someone paid 43 ETH in gas fees to successfully deposit 10
million USDC into plasma. It will pay us. 100 grand to put
(08:53):
money on plasma. It's.
So bullish. And I don't know that matter is
an interesting one if it comes back.
Definitely an interesting one ifit comes back.
I think we managed to close the week green too.
Like that's, that's crazy because we it was looking quite
red last week. Yeah, I feel like Bitcoin is
(09:15):
going to have another run at alltime high this week.
Yeah, that's just. It's my gun.
For sure. Macro wise, we have CPI, we have
PPI, which are both inflation metrics.
The main thing is that the 10 year and 30 year continue to go
higher. We're hitting the the highs
(09:35):
since the financial crisis now on some of these bond yields.
So nothing's broken yet, but that that remains a little bit
of a worry I would say, but the market isn't really isn't really
reacting like it worries. It's worried too much.
Yeah, we have stocks slightly higher again today.
Stocks are at their higher salessince February.
(09:56):
We're close to all time eyes again across the board.
Wow, yeah, that's incredible. These high bond yields haven't
really affected much. Tesla's down a little bit again
today in that back and forth. It seems the Washington Post ran
a story that well, Steve Bannon said that they would actually go
into a fight Besson and. I saw Tyler talk about that.
(10:21):
Pretty, it's pretty wild, but Trump basically said I'm done
with Elon as well again over theweekend.
There's nothing more to say so. And Elon deleted all his tweets
and he's not supporting Trump again.
Seemingly he fucked up. Yeah, I wouldn't want to get
into a fight with the president of the United States.
Let's put that one. There's richest man in the
world, but then there's more powerful man in the world.
(10:43):
And you know, whether Elon is right or wrong about the the
bill doesn't matter. The other day, you don't
publicly beef with the presidentof the United States of America.
Yeah, power is. Power is power, I think.
Ladies and gentlemen, you got a lesson last week in Powernomics.
You know, you don't fuck with power, you know.
(11:05):
So anyways, all right, so you said there's some data coming.
PPI is all stuff. Is that this week's matter?
Is is that something? To pay attention.
It's not so it's not a small week for dating.
We have some stuff that could move the market a little bit.
Let's see. Let's see what happens.
All right, perfect. Well, good.
That's good. On the market side, look, we
have a heavy Newsday. So Tyler, we'll just go to you
right now and have a couple carbs, 0 plasma circle on the
(11:28):
other stuff because there's a lot going on food really, NFT
and cryptoanalysis. Tyler T on FOMO our cause the
kids. Can yeah folks crypto majors
green and running this morning amidst US China trade talks
ongoing Bitcoin up 2% one O 7 five eats up one percent 2530
(11:51):
Seoul hanging out where is 154. We had the ETF's 15 day inflow
streak through Friday, 837 million in net inflows across
that time. So that's a pretty strong streak
right there. Especially I missed some
weakness on the Bitcoin side of things.
Sailor, he's back. He announced that they bought
110 million in Bitcoin in the past week, including some
(12:14):
weekend buys. He doesn't always go into the
weekend, so that was interestingto see.
In other headlines, we had the Trump team come out and say
their Trump wallet has been shelved.
Eric Trump confirmed the official Trump meme coin law
will not launch due to a branding clash with World
Liberty Five. He also announced support for
that Trump meme coin. Saw a brief pump, but it wasn't
super long lasting. Jim and I confidentially filed
(12:37):
for an IPO following that CircleIPO success.
Speaking of Circle, at stock up another 15% today.
It's sitting at 123. I think it touched 133 this
morning. So it just continues to grind up
now well over $20 billion marketcap we had, X Winner announces
(12:58):
joining forces with Polymarket as official prediction market
partner. So you're going to see a whole
lot. More.
On your timeline, that was a bigone on Friday in the Senate and
House committees rapidly advancing the stable coin bill
and market structure bill. Key markups expected in this
next week in token AirDrop and protocol news.
Plasma, as we just talked about,they opened up their deposits
(13:19):
this morning, 500 million raisedin 2 minutes first block ahead
of their upcoming sonar sale pump fun.
More reports are coming out thatthey are considering doing
revenue share with token holdersalong with a 10% AirDrop to
users. That first report did not
include AirDrop. So now it looks like the AirDrop
might be in the mix again. Still just rumors.
(13:40):
Skate token that went live for Kaido, Yeppers and stickers this
morning and then Red Coin openedup that reclaim.
I haven't done the math yet. I believe that the rec tokens
paid for the drinks in full onceagain.
Love to see that. Rounding this out, AI was up 5%
(14:01):
to 10 billion, I think largely on the back of fartcoin and
virtuals in green on the day. Memes were very green.
SPX up 12%, Fartcoin up 12%. Kind of leading the way right
now for the majors. We had tokens like this Mixie
token was up 60% to 80 million launch coin.
I think this is a big a big story that we are seeing a bit
(14:22):
of a rotation from the the new me coin trenches back to some of
the the more like products. ICM launch coin back to 200
million. Several of the believe that
ecosystem tokens were big runners this weekend and Starz
Arena over on AVAX. This thing's back up to 240.
Million. Basically a 3X in the past week,
(14:44):
so big movement there and NFTS just rounding us out.
Majors kind of just chopping, declining a little bit.
Bad Bonds up 100% of the week and then Project A on the NTS
tied to SBX up 70% there, the top 10 on the week.
Then some ape chain NMT action. I think Open C opened up a quest
for folks to buy a chain NMT to get rewards and several of their
(15:06):
NMTS pumped on the back of that.So that is the roundup.
HNFTS So where do we even start because there's a lot of stuff I
want to talk to about to you guys about here, whether it's
the Poly news, whether it's launch coin, some meme coin
(15:27):
action Circle. I mean, I guess we should start
with circle because we really covered that extensively on the
show last week. Chat CPT undefeated that I saw
the repost another clip of of usasking ChatGPT what to do with
the strong buy signal. I mean boys, this is like a 4X
(15:48):
nearly a 4X from open. What is the 2 questions?
The success is incredible. My question was is, are we going
to see this happen more often this successfully because now
everyone's going to want IPO? It's a massive success.
I do think we're going to see a lot more IP OS.
We've already seen Gemini file. I I think the the warning out
(16:11):
there, the soft warning is that you probably shouldn't expect
circle like gains no, for all the upcoming IP OS, I think this
was kind of a Unicorn launch. It was the first real crypto IPO
why didn't since Coinbase. It had the stable coin narrative
had a good US regulatory set up in this in a bullish crypto
(16:36):
market as well, and it was very unexpected, right.
I mean a lot of CT was caught offsides.
I I whipped on this trade. I thought it was overvalued at
six or 7 billion. It got all over my face.
Now it's 300% higher. But the next one, people, people
won't get caught off guard, right?
So I think it'll it'll be a different set up.
(16:57):
You're going to have to evaluateall of them individually.
But I think it's clear that we're going to see more of this
now. There's this kind of running
narrative on, on crypto Twitter that people are going to leave
crypto to go back to stocks. I'm not.
I'm not buying. That this is like the most
insane bottom signal in the history of bottom signals in
crypto. I think like like influencers
(17:19):
are buying stocks now. Yeah, feels, feels a little.
Amanda, I see you smirking here.Like what do you do?
You agree? Like this is so funny to me,
right? Yeah, cool become full circle
back to stonks. I I feel like this is I wouldn't
over play this necessarily. Like I do think this is slightly
(17:42):
a bubble within itself, like thewhole reverse back into into
crypto treasury. I think we'll get old and could
turn particularly for things that aren't Bitcoin, let's say,
or maybe ETH as well. And then I see this and I think,
(18:03):
I think Circle has a very uniquenarrative in that it is just
purely a stable coin. It's purely a stable coin.
We've seen Kraken IPO and I don't think it's going to be
some incredible trade like Coinbase.
You, if you want to own Kraken, you can own Coinbase.
Do you know what I mean? Like it's not like it's a unique
trade, whereas I think, I think the Circle has a unique trade
(18:24):
for it or gem. And I like what's what's it's
pitch going to be like, Oh, we're, we're another exchange.
We're slightly smaller. I I feel as though the reason
why, why circle is trading into the high multiple is because of
that. So I think we will see a bunch
of them IPO, but do not expect the same sort of firm
performance as circles here because circle, I think this has
(18:46):
that stable coin narrative that none of the others that none of
the others do. You could maybe argue like
Ripple would would command a really high multiple.
But I think the main thing is like look at Coinbase stock.
Coinbase stock hasn't really like soared.
Let's have a look at that. I haven't looked in a while.
I mean, it's it had an incredible cycle thus far,
(19:08):
right. Let's see it went all the way
down to like sub 100 at some point.
OK, so 253. Yeah, it's, it's, it's back from
quite the dip though, right, right.
It's, I mean, it's not doing terribly.
My point is, is that it's not doing what Circle just did.
(19:30):
It's not like we can't have likeeveryone's desperate for crypto
exposure like Coinbase is. It's rebounded from 160 to 250,
but it's still comfortably below.
It was 350. Yeah, I mean they open too big,
right. Like I like how circle like they
were getting some slack. They won Mendel saying, oh, you
could have opened bigger. I think Tyler, you covered that.
(19:52):
But I think this is a situation where like everybody ate.
Yeah. So we'll see.
I think you're, I think I'd be careful like if for the people
who are going to chase these like I wonder like I still
rather own Bitcoin, Ether, Solana, let's say than most.
(20:13):
Up and coming IP OS unless I were to buy them pre IPO, you
know what I mean. Well, I think pre IPO is the
trade for a lot of these, right and I think but.
The average person doesn't have that.
Yeah, you. Have to compare them to
everything else and like whenever anyone, whenever the
pitch is, it's free money. Everyone rushed there.
Do you know what I mean? Yeah, normally it doesn't last
(20:35):
that long. Like it just doesn't last that
long. It like you've normally got like
a month or two of that. So maybe we will start to see
like everyone try an IPO but butI think only ones with very
unique narratives can maybe command this sort of like this
sort of premium. I'm not.
(20:56):
I don't think this IPO is going to do a 3X off the break for
example or or otherwise Coinbasewould be ripping.
Right. I, I, I don't see why Jim and I
would, would do that. I don't think they have enough
demand on the market for that. Also not forget like the circle
part of the circle price action,a lot of the IPO investors
effectively are told not to sellfor what the 1st 60 days?
(21:18):
Robin Hood gave that message up.Got it, got it.
So. Perhaps a little bit less cell
pressure. I don't know, Like I, I'm
respecting the pomp. I think it very likely could go
higher from here. But let's not forget, like,
Circle has a lot of competition.Like Deutsche Bank came out this
weekend and said they're evaluating doing their own
stable coin. Yeah, we know this is a
(21:39):
competitive space. Yeah.
Is that a cup and handle that's.An idiot.
I'll show you a cup and handle. You want me to show you a cup
and handle Mando? Yeah, where's oh fault coin?
Let me show you a cup and handleMando.
And to my bags, cup and handle. I'm sorry, but is this not a cup
(22:02):
and handle? I'll show you a cup and handle.
Madam, you want me to show you another cup and handle?
This is Dark Cup. This is dark cup and over.
Can I show you another cup and handle?
That's a handle, right? Because it's flat.
Oh, let me show you another one.You.
Know the handles would be prettyflat, yeah?
(22:23):
I can show you another one here too.
Is that like a cup to you though?
That looks that that if someone served me that I'd be like, wow.
With there's, there's different type of cups, right?
There's some that are like made in like England or some that are
made in Portugal or something made in the USA.
So all sorts of different. That's the Portuguese Cup, is
what we're saying. The the yeah, the the far coin
(22:44):
one is is looking better and better.
I mean, it's it's finally starting to go.
So I'm I'm I'm I'm I'm curious when the when when Coinbase is
going to start, you know, trading here.
But anyways, Tyler, what else doyou got for us today?
You're talking about launch coin.
So tell us more about the launchcoin eco like this is it's
looking good. Yeah, I think this is somewhat
(23:05):
surprising to a lot of folks, soI'll give some first hand
perspective. I was perhaps I was the last
soldier, like the Japanese soldier on the island.
I, I traded some pure memes on Solana last week after the the
pump fun announcement and just got absolutely wrecked, just
totally destroyed. And like I'm seeing like then we
(23:27):
saw the, the Elon the America party fiasco that played out.
What was that Friday into Saturday?
Yeah. $85 million in combined volume across these two PvP
tokens and none of them got past3,000,000, which just goes to
show you that like Wow, that is an unplayable game.
I've seen some of these tapes onthe timeline.
(23:48):
Like people are fucking annoyed at the moment, aren't they?
Like they're just like stop withthe PvP.
Like let's just at least just have one fucking coin that wins.
That was a pretty good set up tohave at least a night runner.
Like Elon comes out with a new political party and then you get
one called America Party and onecalled the America Party and
(24:09):
then they just battle each. Other and then no.
It's so insane, there's no pointplaying that game.
So what's happening though is whether it is worthwhile or not
a rotation to this to the beliefecosystem.
So I mean several of the the ecotokens are up substantially off
(24:30):
the. Bottom Wow, this impressive.
It hit like 110 I think so it's up 2X.
Wow is. CLED token hit 30,000,035 over
the weekend. It's at 24 right now.
It's it's down a bit. There's been several in like the
the one to $2,000,000. Ranges have seen like 3 to 4X's
so there's some action like thisfeels like more of where the
(24:52):
action is now than just pure. Like OK here's a here's a funny
new meme of the day. Let's trade it for a few hours
like that feels like it's over temporarily.
I don't think it's over forever but until like something changes
until the PvP changes and perhaps until pump fun token
comes out, it feels like the pure meme play is over for a
(25:12):
little bit. Also could be rotation back to
the the more established ones. Yeah.
So like we saw SPX up 35% of theweek far coin of course grinding
up with with a huge potential week ahead if we think we're
going to get Coinbase and the SPX chart is arguably.
One chart. Damn.
(25:37):
Yeah, Aspects is wild. Pay attention.
Uh oh. Amanda was telling you to pay
attention. Be careful, everyone.
Famous last words. He told us to buy EFI once
again. Didn't do it.
I just bought SPX down. Hey, this is a good E beta bet.
(26:00):
They also bounced pretty well off the lows year back at $5
billion. The.
Established ones, right? So you've got less daily
competition. Too.
Not everyone. I feel like the the longs coin
is a very divisive slash hated rally.
So you've got a lot of a huge section of the market just not
going to touch those tokens, at least for the near future, which
(26:27):
I think makes them interesting, but it also helps the the more
established ones. So it's going to be interesting.
What happens if we see Bitcoin go to all time high this week?
What what else is going along with it?
I think it's SBX and Park coin. I think it's probably hype.
Yeah, what's hyperliquid at right now?
(26:47):
Like 36. Yeah, it's grinding back.
Up 30 wow man wow what a trade eh this is this it's going to go
to prices cover at some point again right it's the breaks
above that and the. Breaks for 40 people are going
to get pretty excited I think. The other one flying perhaps
(27:13):
under the radar, the Arena StarsArena.
Just saw that arena. Token it's up to 140 million
FTV. So what pushed that these guys
were cooking? I met the I meant the founder in
DC actually. So they just continued to build
through a pretty long bear market.
They've got their own. So like they are in becoming an
(27:34):
everything app, right? It started social fly, but now
it is a a bona fide trading app.They've got like a trenches
section. They've got a wallet in their
portal, so you can do all this, and I think some of their
Trenches tokens have started to have some success.
There's been a little bit of an ABEX meme season here as well.
I'm not in the weeds on that, soI can't really speak to which
(27:54):
tokens that have been doing well, but it seems to be
propelling Arena quite a bit. Wow this is impressive man.
Are you're in the arena trying things?
Yo what was Trimoth talking about The size of his Dick?
Yeah. Have you guys seen that it's?
(28:18):
It's hard to show up to X and not see the shamath tweets
because everyone just. Like this guy's talking of his
own cock is like an Anaconda. Do you see that he goes like
this is like that got lost in between like Trump and Elon
fallout and then all of the stuff like and then because that
(28:39):
you said arena and you remember he's like in the arena, trying
things, doing things, whatever. So that made me think of
Chamath. Someone's saying like hell of a
transition. Yeah, money definitely can buy
aura, but he goes, I'll bet yourentire net worth X10.
The Anaconda is the worst kept secret of the Silicon Valley.
Worst kept secret. That's strange man.
(29:01):
Strange message. Right, guys?
It's a little weird, no? He has this knack of taking
these situations and making themabout him like this.
This was during like the whole Trump versus Elon thing.
Yeah. And then Shamoff came in.
Like, what about me? Let's talk.
(29:23):
About my. Statistic.
I didn't watch all this weekend.Did did they talk about Trump
versus Elon? Who?
No, I don't know. I don't.
I don't watch. I.
Think they didn't? They didn't air their episode
this week. Wow.
Well, because this guy's talkingabout his Anaconda on the
timeline. Oh, I want to waste this.
(29:45):
He goes, I'm having trouble hearing you.
Can you say it again? And then naked nakeda beer, like
racial like really badly too. So like a lot of people got
involved in this. He goes, is that the money you
stole from middle class Americans in pump and dump
schemes? I'm enjoying that.
(30:06):
Yeah, it's if you look up Chamoth on Twitter X, it's it's
pretty wild, Amanda. Anyway, I just saw I I had to
bring it there because this timeline has been insane.
(30:26):
Tyler anyway, but I I do want totell the virtual Z code 2 is
doing good SPX and it's little ecosystems doing eco meaning
like it's holders community is doing good far coins back up,
which is really good with 114 while it's pumping hard as we're
speaking far coins doing good again.
So that's like that's like outperforming as well with this
(30:47):
PX Lance coins doing good. Shout out to wrecked after the
other air drop today to the shipwrecked holders once again.
It's not the first time that wrecked pumps in the air drop
day, by the way, which is doing good again.
So love to see that Pepe's back above 5 billion MOG bottom
pretty well. Hopefully they catch a good bid
here. Like we're like seeing some good
like hyper liquids in in a good position here at $37.
(31:10):
You have Solana the hopefully button bottom in the 140 mark.
Tyler, We could see a good pump here like we like bitcoins about
to hit all time high again. Ethereum hopefully catches more
of a bid here like it bounced pretty well, but I would love to
see it back at $3000 personally speaking to get like turbo
bullish again like we're we're starting to see like I don't
know like I know some people were scared by like a week long
(31:30):
fake out here Tyler, but y'all got to be a little more patient
man like we dumped on May 29th, then we dumped harder May 3030
first right, we dumped harder during into the monthly close,
but we still managed to like close the next weekly after that
queen like and then we went whatto 100K Tyler, maybe quick tiny
(31:51):
flash week to 9899 K, but peoplegot to be more patient Ty like
why I don't you and I are patient.
We just wait, but. How much more reinforcement do
you need? This last step to 100K got
bought up in a 12 hours. Maybe less.
(32:11):
Tips. The tips are getting shallower
and shallower. Shorter and shorter.
Bob Bob's saying we're the firstday of a new 60 day cycle.
He thinks we're going. Well, he nailed if if this plays
out, Bob nailed it there it is getting spicy.
So this was the original call You and I both try it's fine.
We we both have a notification on for Bob.
(32:32):
I can tell. So here you go.
I was calling for this, which then specifically so that
happens right like right there boom right shout out to Bob
Lucas. We should get Bob Lucas on the
show once just do some TA and stuff.
But anyways, so this happens he says he wants to see run below
100K, which I believe we quicklytapped that even after he posted
(32:53):
that like 100 or 90. I don't know what we went to
Tyler. I, I, I haven't been paid
attention. I don't care anymore. 105 is
what I saw, but basically 100. I'm all in the market, so I'm
not looking like I can't buy thedips and I'm not, you know, I
don't care like I, I, I'm good. So we went to here on on Nance,
which has the most, I guess we kissed one 100, so exactly 100.
(33:18):
And this is the start of a new 60 day cycle, dude.
So he's calling for 1:20 next. I think it's 120.
Next to me it's just a matter ofwhen.
Like and I wouldn't be surprisedif it's this week.
I I feel like we're just one announcement away.
This all feels like a powder cake.
So what kind of announcement though, Tyler, because we have a
lot of good announcements every day, Ty.
(33:40):
It's like what kind of announcements sends you to 120
or let's say even 100 and 12/14,right?
Thank you for asking I I've got a couple.
OK, OK, let's go. So one the the continued rumors
of no capital gains tax on crypto.
Don't put the. Merit behind these, But if Trump
was to come out and say that, I think we we, we rock it straight
(34:02):
to 120 K. OK.
Back of that announcement and then Bo Hines I saw an interview
circling from this weekend wherehe said and I hadn't seen him go
this far yet in an interview that the the government is
effectively evaluating dozens hundreds of ways to accumulate
Bitcoin that that's the path they're going to take but
(34:24):
they're not going to using both words poison the well and share
the details of how they're goingto do it until.
It's, well, no, you can't. Well, China, Russia, all the
other states are going to start doing the same thing.
And he pointed to mining, he pointed to these bit bonds so
that they've got a, a few different options.
And of course, there, there are several, it becomes, it's
becoming increased and clear to me that they're going that the
(34:46):
US is doing it or perhaps already is in, in some capacity.
And as soon as that is revealed,that's another powder keg
announcement that that just rockets us up.
And that's just too, I think there's, there's likely others,
you know, potentially like sovereign wealth funds, nation
states, perhaps good, good news out of the Fed.
(35:07):
So, so there's, there's a few different ways we can do it.
Am I going to bet on 120K this week?
I would need some. I would need some.
Yeah, but. We have the M2 chart.
The M2 chart says it's coming. But we haven't looked at the M2
chart in a minute. In a minute.
OK, Two hours ago. OK, so one posted two hours ago.
(35:28):
Well, am I sharing my screen? I'm not, right?
Hold on. Sorry.
I thought I was hold on, I forgot, I forgot I looked at the
M2 chart when I was like down bad because I was like fuck like
4 coin just dropped like 40% andthat's all.
Oh OK. Well no M2 chart is like Bob
Lucas bro. We're looking into end of June.
Is that where this? Also, yeah, look, you see here
(35:51):
if you go straight down, that's it's around like third week
here. And Bob Lucas was quite aligned,
by the way. Yeah.
But we're we're front running ita little bit, yeah.
I mean, listen brother, this week, in two weeks, I'm good.
Two weeks is more likely than than this week probably, but I
(36:14):
think it's a matter of when and not if at this point.
Strong statement and I'm here. Also another big buyer, right?
That's another potential catalyst.
So we were like how many corporate treasury announcements
we've had, we've had every week,like if another huge move comes
down the pipe like that could dodo it.
So it's a nice set up. Yeah, dude, we're like a really
(36:36):
fucking good time. We're looking good.
Anything else? We should talk about the Poly
market news. We should, I mean, we quit
glossed over it on Friday. It was a Friday because it
dropped during the end of the show quickly.
But please go ahead and I'll I'll share my screen.
Yeah, so X officially partnered with Polymarket.
They've named it their exclusiveprediction market provider.
It's going to allow them to surface real time Poly market
(36:59):
odds driven by crypto wagers, notably to appear returning
posts, I think particularly related to politics, current
events, elections. It's going to be powered by
Grok, which will help surface the the these different
forecasts and markets. As I understand, there won't be
bets being able to be placed directly in app yet that is
(37:19):
perhaps coming. And I think another aspect of
this, the product team said thisis the first of several
integrations and unique experiences.
So it looks like this is the start of a longer term journey.
So super bullish for poli marketbut bullish for all the
production markets. Yeah, very.
(37:43):
So, yeah, exactly. Well, first and foremost, like I
believe that X needs to launch payments and maybe their own
stable at some point before launching this, like any
embedded live poli market agent.And we know that X payments is
on the way because I think LindaYakarino, the CEO of X and and
Elon have talked about touted a few months a weeks ago.
So that's first and foremost, right.
I don't because I was thinking about it.
(38:04):
We talked obviously like that was chatter with me and my
executives, like right as soon as it's dropped.
Second of all, I was asked a lotby friends and holders and
people, you know, invested in USand everything saying, yo, like,
is this good or bad for you? And to me, I and you know, I had
time to think about it since thenews on Friday.
You know, my first thought was like, oh, this is bullish.
(38:24):
My second thought is still this is extremely bullish because
it's just expands the Tam. I mean, I kind of alluded to
that with you on the timeline when you posted by like
yesterday or something. But like this expands prediction
market contracts and prediction markets as a whole to a whole
new like set of people and prediction markets are just
going bigger and bigger. So I, I think it's great.
(38:46):
I think it's awesome that Shane is pushing through.
It looks like they were kind of losing to Kaushi in terms of
attention and mindshare a lot lately, right?
Like Kaushi's got Robin Hood, Kaushi got a lot of different
deals. Kaushi came out on Bloomberg
with the fact that X would partner with them.
That article got taken down and the tweet and Polymarket came
(39:07):
out with X joining forces is their official prediction market
partner. So I don't know what happened
behind the scenes in terms of, of, of shenanigans, but it seems
like there's that end for the mirror outside.
It's great, man. I mean, we've got a lot of stuff
going on our, ourselves, we're expanding.
So today this we, we announced it Friday, but you know,
Friday's not great for announcements.
So I posted it today, personallyspeaking, but we launched A
(39:29):
Telegram alerts channel for mirrored markets, which allows
you to get the markets first. So actually little alpha for
people. I think I, I think someone's got
to check, but I'm pretty sure the markets get picked up by the
Telegram before the website. So there's your ads for people
who want to join. Yeah, I'm going to pin it to the
top of Twitter Spaces, but you guys should join because also
(39:51):
anyways, we're going to make it soon that you have to get in the
Telegram channel to win the Heatgiveaways.
I want to explain why that's important quickly for for folks
who who may not be as deeply experienced in prediction
markets, but are interested in that.
If when you are early to a market, you have a chance to
kind of get in before perhaps anequilibrium is set.
It's like let's say that the team launches market at 5050,
(40:14):
but bettors think it's going to be 6535, right?
Like if you see it on the gun, you you've got that first chance
to get in there and perhaps on aon a juicy side where you can
get a quick 20 to 30% of gain inposition before you you reach
that equilibrium. So it pays to be early.
(40:37):
It definitely pays to be early like you said, but anyways, I
think it's super bullish. I invited to join the telegram.
I I paid the Twitter spaces Right now it's at the top.
It does pay to be early. I know a few people that have
notifications on for the tweets and stuff, but this is like, is
it sharing my telegram account? No, yeah, so here's my telegram
and it's this. And so you have all the markets
(40:58):
like going live and sends you notifications.
Like right now we have 1 the NYCtemperature above 76°F by on
June 10th. So we we've been doing all these
little flash markets Tyler lately.
And so you know they're this is everything today.
And so they've just been runningnon-stop.
So highly encourage people to topay attention to that.
(41:20):
Just quickly. If you want to win the giveaway,
join the Telegram channel. And the code for raffle ball dot
XYZ is cracking today. Shout out to our new rolling
sponsor here on the show on SOMAwhere we love crack and actually
got to load up, prepare the charts so I can start sharing
those charts on the show. And actually they're very nice,
very clean, very smooth. Kraken, Kraken, Kraken is the
(41:41):
code. So if you want to have a chance
to come and win some money, Tyler, was there anything that
we missed? That was the big ones and I
think that the pump fun. Again, this isn't news as much
as it's rumors. So tell me more about the rumor.
The latest report is that they are considering both revenue
share. So I don't know if that's going
(42:02):
to be a token buybacks along with 10% AirDrop to users.
So I think that was some of the,the very initial reaction FUD to
the announcement was there was no AirDrop, so that they're
going to fix that. And then the revenue share was a
key one that I think folks we talked about on the show, we
(42:22):
thought that was coming. But this looks like a little bit
more confirmation than it is. We also got the supply, it looks
like they're considering A1 trillion token supply, which
would put that pump token at 0.004 for that initial sale.
So some nice unit bias, which isalso notably different than the
(42:44):
unit bias for those pump tokens because they like those are on 1
billion supply. So pump token 1 short supply.
What if it goes to a dollar? We saw the demand for Plasma
today. Anyone who thinks this, forget
your thought that this pump token is not going to sell out.
(43:05):
Like if you have any creeping doubt in your mind that they're
not going to sell it out, they're going to sell it out.
Plasma is not even doesn't even have a working product yet and
pumps made $700 million in the last year.
So it's going to sell out. It's a matter of how fast and
(43:26):
then what other terms are we going to get so we can start
projecting out where we think itgoes afterwards.
But with the speed of new details coming out of makes me
think that this thing actually is close.
I feel like we'll probably get that in the next couple weeks.
The pump one Yeah it's coming it's got to be coming this is
(43:48):
this is hot like you're we're hot it's this summer also you
know what though this could be what like brings a fuck ton of
liquidity to the market in the summer.
I will take the anti and by the you were right, but I will take
the anti CT take any time of dayand was like, oh, there's going
to be liquidity black hole last week.
Look at the fucking market now. Bitcoin's about to hit all time
(44:08):
high again. You know what I mean?
If you counter traded CT last week when they dumped on the on
the news like Farkle with 800 mil Tyler, you know, so if you
counter traded that you up enormous today.
And like let's just get a reality check.
I think Plasma is a good realitycheck of how these this was not
a direct pre sale. It was a stable coin deposit to
(44:32):
get you access to an ICO. But the top 84 wallets
contributed 450 million of the 500 million.
So there's your data point. The whales are providing massive
amounts of capital for these. It doesn't mean that the minnows
can't get in and still get in onthe trade.
(44:53):
But how that relates to pump funis it's not the trench warriors
who are going to be funding 84% or 90% of the pump token
presale, right? It's going to be whales who
likely weren't deploying capitalinto the meat market anyway, or
funds who want to get exposure to memes but they can't
(45:15):
underwrite individual memes. Like that's not a game they're
allowed to play. But they could.
They could play on protocol. And then when you get the
AirDrop component, to your pointnow actually is it can become a
liquidity influx. Yeah, I agree.
I think, I think we're going to make a fuck ton.
(45:35):
This going to make a fuck ton ofmoney for the space in general
and it's going to work out pretty well.
And I think everybody is going to win.
I don't. Know.
Maybe I'm wrong, but I don't think I'm wrong this time around
with this, we've been quite right.
You mean Mando this cycle so far, especially this year.
So I think, I think this is, I think this is going to, I think
(45:58):
this is going to be quite good anyways.
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