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 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 and I had barely time to eat before
the show. So I haven't had to put my cream 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 pool sort 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. 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. This is going to be my new token SPF 770. You know, put some, put some SPF 70 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? 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 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. 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. 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 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 sign up 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 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 the future of on chain UX. 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. 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. 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 day. It feels like it was shaping up to be a bit of an uneventful weekend. And then Bitcoin started to edge higher and then this morning edged all the way up to where is it 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 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
higher. There were some like trend lines that seem to have been broken on Bitcoin, 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 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 oversubscribed ICO that's coming out. 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 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 see a ton more on on the back of this, 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 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 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? 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 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 if it 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 going to have another run at all time 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 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 sales since February. 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. Pretty, it's pretty wild, but Trump basically said I'm done with Elon as well again over the weekend.
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. 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 president of 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. 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 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 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 weekend buys. He doesn't always go into the weekend, so that was interesting to 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 for an IPO following that Circle IPO 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 market cap we had, X Winner announces 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 big one 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 this morning, 500 million raised in 2 minutes first block ahead of their upcoming sonar sale pump fun.
More reports are coming out that they are considering doing revenue share with token holders along 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. Skate token that went live for Kaido, Yeppers and stickers this morning and then Red Coin opened up that reclaim. I haven't done the math yet. I believe that the rec tokens paid for the drinks in full once again.
Love to see that. Rounding this out, AI was up 5% 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 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, 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 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 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 us asking ChatGPT what to do with the strong buy signal. I mean boys, this is like a 4X 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 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 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. You're going to have to evaluate all 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 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 a bubble within itself, like the whole 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, I think Circle has a very unique narrative 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 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 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, 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. It's not like we can't have like everyone'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. 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.
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 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 but I think only ones with very unique narratives can maybe command this sort of like this sort of premium. I'm not. I don't think this IPO is going to do a 3X off the break for example or or otherwise Coinbase would 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 sell for what the 1st 60 days? 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 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 handle Mando. And to my bags, cup and handle. I'm sorry, but is this not a cup 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 pretty flat, yeah? 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 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 do you got for us today? You're talking about launch coin.
So tell us more about the launch coin eco like this is it's looking good. Yeah, I think this is somewhat surprising to a lot of folks, so I'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 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 past 3,000,000, which just goes to show you that like Wow, that is an unplayable game. I've seen some of these tapes on the timeline. Like people are fucking annoyed at the moment, aren't they? Like they're just like stop with the PvP. Like let's just at least just have one fucking coin that wins. That was a pretty good set up to have at least a night runner.
Like Elon comes out with a new political party and then you get one called America Party and one called the America Party and then they just battle each. Other and then no. It's so insane, there's no point playing that game. So what's happening though is whether it is worthwhile or not a rotation to this to the belief ecosystem. So I mean several of the the eco tokens are up substantially off 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 this feels like more of where the 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 little bit. Also could be rotation back to the the more established ones. Yeah. So like we saw SPX up 35% of the week 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. 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. 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 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? 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 under the radar, the Arena Stars Arena. 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 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, so I can't really speak to which 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? 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 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 your entire net worth X10.
The Anaconda is the worst kept secret of the Silicon Valley. Worst kept secret. That's strange man. Strange message. Right, guys? It's a little weird, no? He has this knack of taking these situations and making them about 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. 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 talking about his Anaconda on the timeline. Oh, I want to waste this. 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.
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. Tyler anyway, but I I do want to tell 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 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.
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 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 what to 100K Tyler, maybe quick tiny flash week to 9899 K, but people got 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. Tips. The tips are getting shallower and shallower. Shorter and shorter. Bob Bob's saying we're the first day 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. 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 quickly tapped that even after he posted 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 the dips 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. 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 of when. Like and I wouldn't be surprised if 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. 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 to 120 K. OK.
Back of that announcement and then Bo Hines I saw an interview circling from this weekend where he 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 they're not going to using both words poison the well and share the details of how they're going to 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 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. 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. 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% and that'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 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 it a 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 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 do do it. So it's a nice set up. Yeah, dude, we're like a really 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 exclusive prediction market provider. It's going to allow them to surface real time Poly market 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 perhaps coming. And I think another aspect of this, the product team said this is 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 market but bullish for all the production markets. Yeah, very.
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 Linda Yakarino, 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.
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 lot by friends and holders and people, you know, invested in US and 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 the news on Friday. You know, my first thought was like, oh, this is bullish.
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. 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 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, personally speaking, but we launched A 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 anyways, we're going to make it soon that you have to get in the Telegram channel to win the Heat giveaways.
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 an equilibrium is set. It's like let's say that the team launches market at 5050, 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 a on a juicy side where you can get a quick 20 to 30% of gain in position before you you reach that equilibrium. So it pays to be early. 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 like going live and sends you notifications. Like right now we have 1 the NYC temperature 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 running non-stop. So highly encourage people to to pay attention to that. 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 SOMA where 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
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 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 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 is also notably different than the 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. 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 then what other terms are we going to get so we can start projecting out where we think it goes 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 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 day and 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 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 reality check of how these this was not a direct pre sale. It was a stable coin deposit to 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 on the trade. But how that relates to pump fun is 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 capital into the meat market anyway, or funds who want to get exposure to memes but they can't 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 point now actually is it can become a liquidity influx. Yeah, I agree. I think, I think we're going to make a fuck ton. This going to make a fuck ton of money 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 this is going to be quite good anyways.