Yo-yo, yo-yo what up, what up? Good morning, good morning MGF Friday, oh baby. Friday, Friday, Friday, February 28th, oh last day of February. Look at that we're ending the week on on the month of Friday. Love to see you 2025 Look at that another beautiful day to have a beautiful day. I got my Co host in the house Tyler Mandel. Good morning. How you doing today? How you doing today? I'm.
All right, how are you woke up? And I was like, you know, you just check because you're like, no, it can't be right. For me it's OK because I don't wake up to it. I go to sleep to it. But you guys wake up to it, right? As long as it's 78 K when I woke up. Yeah, because the. Big big dips are like 11:00 PM here, right? Wait, as soon as Europe Europe wakes up, goes to have a croissant and then the price and just pure panic in the streets of Paris. Yeah, yeah, exactly.
With the whole like 12 Bitcoin they won in the entire country, you know, and so. Paris is is an hour ahead of me, so when I wake up, you know, they're they're in full. Oh, no, you OK? So let me. Yeah, yeah. Paris is like, oh, no. Fon Fon, fon, fon. Why are this coin so low? Fon Fon. Oh no, the Americano drops. I'm very, very, I'm very bearish on, on, on French CT, on French Twitter, on French crypto, sorry. 100%. Very bearish. I'll tell you guys why in a second. Tyler, how you doing?
I'm good I I slept through most of the the crash so Bitcoin is back to when when I woke up man you. Should see last night dude. Say goodbye to February. This is the second worst February in crypto's. History. We got to pull up that chart that we pulled up Feb one thinking that we did new highs in February, myself included. That's for sure. We definitely got to going to going to have to we we had some
hopes for a second. I'm bearish, so I'm bearish French crypto for the reason that I did an interview in French for a French big. It's like the US of France kind of, but like smaller, but like still pretty big. Actually, it's pretty big and and the comments. So I said like something like that's been for Cordano and I was like, yeah, whatever. And they were so mad bro, they were so mad. And then the guy asked me is
there going to be an all season? I said no. I mean there has been all seasons meme coins, like there's 10,000 meme coins a day. How can you have an all season? And I got destroyed. Like I have never gotten attacked so hard since like 2021. And it's always just French people mad that I talked to you about Cardano and said that the all season's not happening. And like, I'm talking like furious, like furious would be mad in the comments. You should see them.
It's actually hilarious. I, I would read them to you guys when they're in French. It's actually so funny. And then before the, the interview happened before Libra. And so I always used to say so long to $1000, you know, that I say, I still think we're going to go to 1000, but maybe not the cycle anymore, you know? But anyways, I go so down to $1000. And so yes, but we we do have to go by 420 at first, right, which we've always said 4:20 to the 1000 brother. They hate Solana over there.
I. They hate Solana. They I have to show you these comments. I mean, I don't know how to show these comments. I it's, it's it's on Instagram even worse because then they said where'd you get your information? So you guys need to get on Twitter and let me tell you they're French hate X even more so I hate everything they hated during that. I managed in 10 minutes to piss off the entire country, 1X2 ADA, three no altcoin and four Solana. I it appears they hate all four.
I have never fumble an interview so hard. I I don't know they hate they just they're so mad at me over there. It's insane. Also the fact that interview Trump I think doesn't really work. I bode well with them because we talked about that the guy was asking me. So I don't think they really like him out there that much. But anyways, anyways, we're back, boys. Bitcoins at 80. Who would have thought that Bitcoin at $83,000 would be such a euphoric feeling right now.
Oh my God. So what is the 144? Yeah, market report. Market report Tyler's top 100. We did get a some very positive slot on news, for what it's worth. Market report. No, no, no. Robit loot box bin. And then the show, as usual, is powered by a promise. I've got my thing open. Powered by Galaxies.
Galaxies is a Web 3 platform empowering creators and brands to build unstoppable communities with full ownership and independence, trusted by icons like Donald Trump, Steve Aoki, Mike Tyson and the NBA, shaping together the future of engagement. Mando, let's see what happens in this market right now. Who is the man that called Daddy of the Man? Can you dig it?
GM everyone well done for sticking with with us during this turbulent week yeah we had a bit of a a bit of a morning Bitcoin touched 78 K it that was down I was saying even in our group chat right like Bitcoin was at 99 K when me and Tyler were on this show this time last week as we were talking buy bit was like the buy bit hack hack hack hack happened and we dipped from 99 K live on the show probably at this exact moment where I'm talking now and it hit 78 K this morning Oh it's.
True, I forgot about buy bit. Yeah, that's how this all started. That was a week ago that. Was a week ago then we had a big underperformance of Ethereum, which is kind of even continued now, but it's getting the hitting went below 2K. Oh. Wow, it did. Yeah, yeah. Look at this bro. That's a lower low dude. It does not look good here dude. Fuck, I'm not even trying to
like hey this is just terrible. Yeah, anyway, that's happened with Eve and most things started to fall out of bed like sort of big move Lois Lana hit 125 even like the the coins that should have been strong recently hype bearer all of this stuff, even Kaito like got smashed at one stage. But like seemingly like by the time I woke up and then as the mornings progressed, things start to get a little bit
better. There was the main thing that like caused a freak out last yesterday was that the NASDAQ actually just got hammered into the close. So NASDAQ closed down 3% yesterday and most of that happened in like the last 10 minutes or last hour. So decent move lower there in the in, in tech stocks, mainly on the back of NVIDIA earnings, but but also tariffs. You know, Trump always talking about tariffs and tariffs.
Although yesterday he did meet, he did meet Keir Starmer, who's the the British PM and kind of came out and said, oh, we might do a trade deal actually with the first, the first actual country that I've seen him talk about a trade deal with his, with the the United Kingdom. Interestingly, the United Kingdom by some metrics actually has a has a trade surplus with the US. So do. You think that's because they're out of the EU? Do you think that plays into that, that they're they're on
their own? Because he seems to be very like. Maybe maybe I think I think it's part of some of those goods that we sell. But yeah, it's it's we are not, we're not one of those like horrific trade deficit countries with the with the US. So it would make absolutely no sense for Trump to to not even try and do a trade deal with the with the UK.
Also interestingly, if you saw we just like completely walked back the the lenses stuff, which kind of points to my commentary about like focus on what actually happens rather than what he said no. One's talking about it anymore. Someone said, are you, do you still think Zelensky's a dictator? And he said, oh, did I say that next question literally word for word, Like, did I say that? I don't think I said the next question, which I thought was pretty funny. That is hilarious.
So yeah, focus on what happens rather than maybe what what he says. It's very clear that he's happy to change his mind and then bring people in after after a big fight. But yeah, so that that was the main thing that was getting people scared. And and, you know, tech stocks have been really hammered during this period. You know, we can go through a range of different tech stocks here, but not not that pretty for any of the major Magnificent 7 companies here.
And a lot of commentary around around Tester in particular which kind of hit where it hit yesterday. Is it lower again? No, it's up to 3% today, but it's at 288. It was at 275 yesterday. Things like micro strategy, obviously we've spoken about this a lot, but that is down, down the 60%. Oh wow, look at that. And that's the main thing that you see people like trying to, trying to continue to like bash
crypto about the sailor. And that's going to be an ongoing risk and all this sort of stuff. We've talked about this so many times. I don't think it's, I don't think it's a risk right now, maybe in the future, but it's not right now to, to, to actually even come close to liquidating him would mean a, a sustained period of very low prices that would, that would affect upcoming bond maturities. And I don't think, I just don't think it's something that would really be a worry short term.
We're talking like under 15K. But what this may do is, you know, that that premium has been massively, massively hurt. And his ability then to raise more capital to buy Bitcoin has been affected. And then people have been pointing, you know, oh, he's the only reason crypto's higher. Like he's the only buyer. I actually personally think that at this stage, Sailor is is actually not been a net positive
for crypto. I think the amount that he buys is is more than offset with the fear around what's happening and that he is like, you know, this may not end well. I wouldn't have said that a year ago, like, but now he he has got himself to this certain this point where he's, you know, he's raising money to do it. I think it's I think it's a it's it's not been a net net huge positive.
So what I would say is that I don't really mind if sailor stops buying Bitcoin. I've I said this on the show 2 days ago, like I actually I would prefer if he didn't like he's had a good trade. I don't want I don't want another scenario where a Black Swan can can really hammer crypto and. It seems that that's what they're holding over people's heads, right?
And they're trying to bring Bitcoin back down to its average, which is around 69 K. That's what you get used to bash crypto a lot, you know, and people the. Main narrative right now I feel like the the the main Bitcoin anti narrative is like that. Yeah. And I think part of that also is just like a misunderstanding of he'll get liquidated somehow if it goes down to his average
price. If you if you appear in 2022, you know that like Bitcoin hung out below sailors average price for a long time, a long, long time, it doesn't matter. It would have to go down a lot more, a lot more for for for that to ever become an issue. But so the average price isn't just some level where sailor loses his Bitcoin. No way. That's not how that's not how it would work. And I don't even think you'd be
able to do that anyway. But that's that's why I'm a little bit that is still there though. Do you know like people, people are still using that against Bitcoin. So I think that's partly why ults are maybe slightly outperforming. I don't know if you guys would agree with me a little bit here, but I feel like the fact part of it's the ETF outflow is starting to happen, right, because of the, the, the basis unwinding.
But I think part of it is like this fear around Sailor that perhaps means that people and and ults having been already crushed, right? That people feel like maybe they're better risk reward trades. Yeah, Bitcoins needs to be catching up a little bit right now as you're talking, But you're right. I mean, it seems like alts have really. I mean, Osana was so fucking sold. Like it's like battered last night. Osana went to 127 guys, which was kind of the mark.
We've been talking about Mendo. I don't know if it was on the show, off the show, but we have been talking about this 127 range here and that's good. I wish I got out of bed last night for this. I was in bed chilling, just watching. I bought a Zero and I bought some Sonic just today this morning. Because like it was grim, guys, I was, I was just in bed, just like kind of like scrolling and like chilling.
It was just like lower, lower, lower than like salon was like 127 Bitcoin was like 7. And I was like, ah, I should get out of bed. I think the Wiz. I was like, what are you doing? He's like, yeah, I'm longing. I'm like, I should probably get out of bed because like he, he, he he's pretty good at catching these. I was like, I should get out of bed. And then I just, I didn't get out of bed. It's OK. It's just poverty. But we'll be back at 127 like after tomorrow, so it's fine.
What up Tyler? Do you, do you think 127 was just a local low or do you think that's going to be our? I don't, I had my mark at 1:27 because that was the previous high that was so hard to break back then. Like I remember it like last year or some shit. But but I I don't know. I don't know. I don't know, I think. I don't know. Out of the gutter. There was some news this morning, right? Specifically.
Around Solana that. We're going to get the CME is going to start allowing Solana futures to trade. Super positive. Which which the CME is, is a, is a, is a commodities exchange. So that would imply that Solana's commodity, it obviously would then lead to an ETF. It may point to a, a, a, a sooner a filing, right. And with that as well, you probably would get a lot more of this sort of basis style trading on Bitcoin and ETH. So that that will probably make funding cheaper for everyone to
do perp trading. Semi trader is the one that launches it's. Not. Funny, yeah. But but, but, but I think we spoke about this yesterday, but I think Salon looked oversold, which made it a good buy. But then you've got to when you encrypt it, you got to think about like the next few steps, particularly if you're buying an RSI like we spoke about it yesterday. If you bought an RSI yesterday like you, then it went down way lower on that RSI, right?
You might be up on certain things now, but but RSI is a dangerous. Thing it's true, people were saying RSI charts at 1:42. So that's it. That's important to mention on the show cause Mando did say like be careful, don't just trade the RSI. He said keep taking into account but like don't just trade it. RSI charts came out at 1:42 and we still dumped to 127.
So that that's quite a move. Tyler, what do you think we are we're at here with Solan. I mean, I, you asked me like I, I think, I think Solan is like the most oversold, the most overheated coin here at this stage. Like every time you talk about Solan, everyone's like, oh, crime, crime, crime. I told you about the French thing, for example. That's I'm not exaggerating. Like people really hate Solana. Like, and even at some point I
was Max bearish. So because of after everything happened, but 127, it's hard to be bearish. This stage thing was 300 bucks. Come on, you know, there is still like the it's not all just memes on soul. Like, you know, I think thing is just memes on soul and just crime is is also like there's two sides. There's like over loving and saying yo, it's just soul and there's also over hating it, right? Like at some point there is some great things being built on there. It's all over hated.
Yeah, sure. I'll start by saying I, I'm not going to try to call bottom. I said in our group chat, I, I really want to see crypto strong on a red stock market day. I really feel better about where things are at right now. But with that being said, it feels like everyone got super bearish on Seoul at the bottom. It's down what, 6065% or something from the top? And now I kind of think that we're going to see a bullish unlock. It would not have been a bullish unlock at 2:50.
That would have been tremendous cell pressure at 1:40 with CME futures, the inflation reduction vote happening in a less than a week. I don't know. It's, it's a different situation. And I think once you get past this massive unlock overhang and it, and Seoul doesn't fall off a Cliff and then you see the future's coming. And now ETFI was in the camp originally I thought the ETF would come in Q1 and then it became the, the bears were out there talking like, no, you're,
you're crazy. It's Q4 at the earliest. I don't know, this government's getting shit done fast. And I dude, these, these institutions are pushing this stuff through right now. I think QQ one's still possible. Why not? Why not? I mean, it is definitely, but I mean, I'm sure we'll talk more about the government because of the meme corn stuff yesterday in your in your roundup. But this government is actually getting done shit quick. Shit done quick with regards to
crypto. Yesterday had even more cases dismissed. So I'm I'm sure we'll talk about. So let's let's actually get to your topics here, because I think it pertains to how the market is reacting to to everything today. I'm just curious about what you guys think about a little wicked pomperuni on low volume because you know, no ETF to dump on us. It feels like this week was just everyday ETF just hammered us down. You know what I bought for the first first time in a while today?
Let me guess what I was going to say. Fart coin or mug? But what do you say we bought mugs? Wow, let's go. Fuck yeah. Thank God Mendel's buying mug, lads. He wants to go is buying mug. He wants to go lever to ETH after saying the ETH chart looks. Yeah, what the fuck? I I mean has has ETH had any bearing on MOG before That's. True, MOG has been outperforming ETH like all cycles, so that is very true. I mean, if you're buying MOG at some point, you you bet it here, right?
Oh my. Goodness, I just like that headline yesterday which is like meme coins are. Yeah, you're right. You're right. Let's get, I mean. When are you going to buy this if it's not right now? It's right now or never. It's very fair. Like at this stage, when you look at a chart like that, where's Pepe at? We're buying Pepe a bit too. Yeah. Pepe. Also, Pepe is a three billion. Wow. Mando's literally eating the dip right now. What do you eat? What is that? Oh, peanut butter.
All right. Nice. Well, Tyler. This is not a Styx. What's the CA for that? It's so crunchy, he has to mute whatever he's eating. All right, Ty, let's go T and crypto analysis folks. Crypto majors tumbled overnight but are rebounding swiftly. Bitcoin back to 84K salt up 6% on the day now. 14660 On the back of the breaking news we got this morning, the CME to launch Soul Futures on March 17th, just
a couple of weeks away. Headlines were pouring in yesterday, so Uniswap added a Fiat off ramp for the first time, allowing users to swap tokens to USDC, then off ramp to cash in the bank within seconds. Powered by Moon Pay, Robin Hood in trans acts. That was huge news. The SEC dropped cases against Coinbase and Consensus, 2 of the biggest cases they had still open. Those are now closed. The SEC also released a statement clarifying their stance on meme coins.
And meme coins are not securities. With a few exceptions, you can still commit fraud and you will be prosecuted via meme coins. So it is not crime season. Texas passed legislation for its strategic Bitcoin Reserve through its Business and Commerce Committee.
Now on to the Senate. That will be a huge state that we need to root for for that to pass and then bit Max reportedly shopping for a buyer according to Coindesk and token AirDrop protocol news more big headlines Metamask introduced a major overhaul for their wallet, including native Bitcoin and soul support, a new home screen UI abstracted gas, meaning you could pay in any token smart account features and more base use these flash box as a new method to enhance speed,
bringing their block time from down from 2 seconds to milliseconds. Immensify Immensify is going to drop their token, the mint token. They share their tokenomics as well as launching on Solana and then they're kicking off with the big reward season over there as most of the news quickly on the on the rest of it AI was down. The leaders were down about 10%
that that may have flipped. Now I don't have the board up in front of me. Memcorn leaders were also down about 10%, though I'm sure they're starting to V shape up a a little bit here. NFTS mostly chopped abstract NFTS keep cooking more green on the board. And then a controversial one O 1 from Bato called the giraffe sold for 54 ETH on verse yesterday. So this one is either going to be. Why is it controversial? Just wait till you see it.
We'll, we'll pull it up. I I saw it because it looks like one of those the dyno thingy. It looks like something like 1/3 grader would put together and and it sold for 54 ETH, making it probably a top 10 digital art sale of the year or so so far. So this is either going to be one that's that becomes like a very are. You telling me this is not worth 55 ETH? What are you saying, Tyler? Yeah, Tyler, you. Probably say that. What do you know about Art Tyler?
Apparently the back story on this is this was I. I don't know if it was the first time, but I think the idea here is that Bato used a new generative algorithm for this. Brother. If you if you look at the if you look at the wait, I need to smoke weed. But if you if if you look at the contrast between the colors, you know, the bottom is very dry. You know, this is very like it shows like dryness, the lack of water, you know, would would
occur. This this looks to be somewhere, you know, in, in in sub Sahara or something like that. You know you have the giraffe and then you have the trees which are the. It's a metaphor for the market, I feel. It's a metaphor for the market I. It's a metaphor for more than just the it's a metaphor for life itself. I feel, I mean, look man, on the top of this, it's like colorful, joyful, you know, you have these hues. These green dips, you know green.
Dips. I mean, if you flip it, this even looks like the the chart of the of the longs. You know, if you if you look at the you know, you know what I mean. You know this one, it looks like. Where's the long chart? Where do you find it? Here again, Mendo. It's. What do you mean? It's the ground. Coin glass. Coin glass. Yeah, it looks like the. Where is it again? Fuck it. Look at it funny. Yeah, it looks like a funding rate heat map. That's what I'm trying to say.
You know, if you really look deep, this looks like a funding rate heat map. And the giraffe is looking up towards the sun. It's beautiful, Tyler. Maybe 54 ETH was a steal. Yeah, I I'm thinking we should have bought that. If you're not cultured enough to see it, Tyler, that's kind of on you, my friend. It's clear that I'm not, so we will see. Shout out to Barack Cramo for his. What the rat bought it? Yeah, Barack bought it for 55 ETH. The person is saying.
It saddens me. I still have to explain this to some of my friends, but here it goes. Bottle that was important. And that's by the way, this is very true. I actually agree. Like if you're buried bullish AI bottle was OG like in terms of creating art bottle is that was important technology, blah, blah, blah. There's a group of people yeah, they're great. Look, bottle that was great. Anyways, we're not knocking out bottle that by the way, we never I just thought that was. Funny.
I mean, bottle is very cool. It doesn't mean that every single piece that it creates is. Yeah. Exactly. And and art is just and art is subjective. So in that sense, I do agree. Like, I don't really like that piece, but I love a lot of their pieces, you know what I mean? It does seem like that somehow. Fuck render at this gallery in Montreal. I've been there. He displayed it so good. Fucking Fred. Anyways, Tyler, go ahead. Then we got some more breaking news this morning.
Trump wants Trump's coming for the metaverse. The Megaverse. The Megaverse What? He he filed a trademark for metaverse collectibles and a new NFC and crypto trading platform. If that's not a semi top signal I don't know what is. Dude last year of metaverse. Last cycle metaverse was the biggest top signal ever. This is giving me Facebook. Change his name to Meta Vibes so we're not there yet. We don't need more crypto assets from Trump, I think. I think we're we will.
Wait till you mint his other side version. Maybe the other? Side Well, at least as Trump Organization files for trademark for Trump to launch from NFT trading platform. Because he he already has. He has NFTS already. Oh, he loves NFTS. He loves NFTS Oh my God. Anyways the the magaverse. I mean this is also giving me like Facebook change his name to meta vibes. That was the first thought I had. Which doesn't mean you're at the top because there was a way biggest bigger run after that.
Remember the whole narrative of summer last year? It was like this is going to fly. But when he mints a collection of 100,000 pieces of land with 100,000 more to mint on a theorem blockchain, it's not everything. I'm buying. Yeah, yeah, we. Do have your house next to have your house next to Snoop Dogg, you know? Other side Other side cooked for a second. We just didn't sell our codas in time. 28. They went to 20. 8th, 28th. The Dakotas 1 to 20 each.
Oh, yeah, yeah, yeah, Dakotas. Anyways, Tyler, there's another breaking news quickly. I do want to talk about this and then I'll. I'll give it to you. It was Justin BlackRock adds its own Bitcoin ETF into $150 billion model portfolio universe just now like 30 seconds ago. What is the? For the first time ever in their model portfolio, BlackRock has a Bitcoin ETF in there. So just more signal that you know, for them it's like really
like something to buy anyways. Tyler, what's the most important stuff you got for us today? Motion is a lot. Yeah, that's an interesting one. I, I think the Metamask news is huge just because it has, they have so many users, right. So they have clearly been working behind the scenes. They announced this huge overhaul last night. I think the biggest piece of this is now they've got native
Bitcoin and sole support. You know, I remember like the challenges of having to set up X Verse and other Ordinals wallets to hold Bitcoin and it did not feel good. So I think for folks who want to hold those assets, that is going to be welcome. They've got a new UII think the abstracted gas is the other big piece here.
That was good, yeah. You'll be able to pay in any token, so if someone sends you, I don't know, a bunch of MOG on ETH, you won't need ETH in that wallet to be able to swap it. It's so annoying by the way, that part in the 1st place that you how always have to have ETH to like sell something. The amount of times I've had to like transfer just a little bit of ETH or like the other day Mando had to like send me like dust to like buy a token. You know what I mean?
It's like. It's just just that's what the that's what what's his face was saying, Andre on the show, right? Like it's at the blockchain level. You can get apps who pay the gas for you. Like we can opt in. I think they can do that on Solana and they can do that on Sonic. I don't think, I don't know if they can do it on Eve for that that one.
Yeah. I mean, as we think about the user experience in crypto more broadly, I think that's one of the major hurdles that they cast to get fixed and looks like we're starting to make some progress on that front. Perhaps the biggest unlock is going to be the smart account features, and I haven't really seen any examples of what that could look like, but that seems like 1 aspect of this that could have arguably the most potential. And then that Metamask credit card, it's sharp.
Very cool. Enough. You have 1 though. Oh I I have the digital, I want the physical. Yeah, yeah, I got you. Down reply sections to to these posts to to try to. No, no, we got you. So I was supposed to go to Denver to pick mine up 'cause they, they made some for me locks and I'm sure we, we got you, we got you. But that they're good. I think Loxy went to their
events apparently was great. A lot of people knock you on East Denver, but all the side events are actually packed and there's a lot of good conversations happening. I know for a fact that on a business level, like we've like we sent locks last minute and like there's a lot being done behind the scenes. Yeah, I'll say this was actually the first year I had E Denver. FOMO. Wish I I was there. It seemed like there's a There's
a lot happening there. The conferences themselves are never like that crazy by the way, like anywhere you go in the world, but like the side events and the biz you do face to face, bar none. Yeah, totally agree. The the other aspect of this meta mask. So they changed their logo. The fox is winking. Why is the fox winking? And they wonder. And yesterday they dismissed the case. The token's coming. I don't it's not going to be the the mask token, but it's probably the linear token right
tied to there. So you think it's going to be a linear token tied to Metamask over a Metamask token? You know how to fart one way. I I am a linear user. I have used linear because if you have that Metamask credit card you have to put your funds on linea so I'm ready. That's actually so smart. I know you were saying this, we were talking about this yesterday, but a good way to farm that chain is actually using the credit card.
So like for example, my crypto credit card is on Nosis chain, but there's no Nosis AirDrop coming, but you get like cash back. But like right now this makes me want to get a Metamask card just to transact on Linea by buying things. So that's for when the inevitable AirDrop comes. You get it, you get it late. I feel like that's actually smart. Why not? The thing about these crypto credit cards is like they don't, they don't impact your credit score and they're all just like asset backed.
They're amazing. Crypto credit cards are amazing. You can't just go spend 100K if you don't have money in the wall. So if folks don't know how this works, you basically you have to fund the wallet with USDC and then you can spend against that effectively. So it's more like a debit card, but it is a very nice way to be able to spend your crypto assets in the real world. Yeah, it's, it's actually pretty good. I I'm excited. I'm excited to see what it's like. I'm excited to get one.
I think they're really cool. So it's not about 3% cash back in USDC. Not bad. Not bad, honestly. A lot of these now it's getting crowded. Avax has theirs. Meme pay from meme lands that they've got theirs. Yeah, Yeah, you can. It's, it's, it's not that like we met the head of MasterCard in Paris. It's cool. Like they're, they're really like tapped in to the space. They love it. I mean, it's good business for them, right? The whole stable quiz thing, getting these just to spend
their crypto. I mean, remember you talked about using crypto credit cards a while ago, right? I've been using them for years. Yeah, yeah, forever. It's I, I actually encourage people to get one and actually like spend some of first of all, spend some of your fucking money, man. First of all, like, you know, like you got to like those infinite, those magic dollars like are not going to, you know, we're also going to spend at the
casino. And second of all, it'll also help you get a grip of what money's worth. I think we get very desensitized to money in this industry. And there's nothing like buying, I don't know, $500 dinner or like, I don't know, something with your crypto or like a talkie tickets or whatever you like. And realizing that this is actually real money, you know, it'll help you probably trade better because you'll have a better understanding of the value of money.
Because I got desensitized for a second and I got my crypto credit card and now I save a lot of money because I cash out to my crypto credit card like every week a tiny bit, but still something. So I think people should do that. I encourage people. To get. That's really good advice, like I've said that for a long time. Like when? You told me, remember you told me that like why am I get broke? You should get a crypto credit card. It's just good it like I pay for everything.
My my whole life is paid in crypto except for my rent, but everything else is on crypto credit card. So anyways, Tyler, that was big good stuff for Metamask. I know a lot of people knock on like brand designs, but if you understood branding like it's like little things sometimes make a big difference. Like I see the difference in Metamask logo as soon as I open the thing.
And sometimes you don't need a whole logo changes, just just just Polish the thing a little bit, you know what I mean? So hopefully we get some news there on the token front now that they cooked the SECI, don't know if you want to talk about that, but that was also big news, right? Those were the other headlines. I didn't really dig ends. I've kind of felt like this was all inevitable. Yeah, that's easy for us to say for these folks who have paid 10s of millions of dollars in legal fees.
In hundreds of millions of dollars, Gemini said. Hundreds. Hundreds Gemini the the Winklevice said that it was in the hundreds of millions of others spent in legal fees against CSC for crypto companies. Oh, across everyone. Everyone. Yeah. Together. Yeah. Yeah. OK, that makes sense. Yeah, now we have a Lubin announcing that they, they, they were falling. They, they fought back against the SEC and looks like they're going to have the case dropped
on the same day. So it feels like the writing's on the wall. They're all going to get dropped. And at the same time, it seems like the SEC is going to switch gears and actually start looking at those committing fraud. Yeah, 100%. Let's talk about the other news, the memecoin 1. I know you covered it, but that that was a funny one because the timeline, as soon as they saw it, they thought, heads go crime season's back, but hold your horses.
You can't commit breaking news. Crime is still illegal. It is indeed so. Yesterday, the SEC issued a statement. Clarify the application of federal security laws to meme coins. They concluded meme coins are not securities and thus they do not require SEC registration. But they also did still warn of potential fraud risks and actions that could be taken to
still be deemed as a security. So the the reason they they went into it, their their rationale for why meme coins are not securities basically applied to Howie test and said that because funds are not pulled together and that price movement depends on market sentiment, not the efforts of a central entity, they are not securities. But they did say that not all meme coins are necessarily exempt.
And if if one is structured in a way that mimics securities, like promising returns via a managed enterprise, they still might regulate it. Then they also caution that fraudulent activity could still face persecution under other laws, even though that they're not securities. So I think this is first reactions. We, we got the clarification we wanted. It was a logical, reasonable document that I feel like just welcome back to logic and reason here from our regulators.
It does raise the question for me. The 1st place my head went was like OK so which of our meme coins still might be securities? Sorry, no, sorry, it's not considering a Libra. Well, I don't know about that. I think Libra committed fraud, certainly. No, but they said they didn't sell it as a meme coin. They sold it as something to help the Argentinian government and economy. They was totally the promise of something. Yeah. So for the Howie test, it's important at the time of sale
was being promised, right. So out of the top meme coins, I don't think any of them at the time of sale, like you could argue like Bonk now has a whole like ecosystem of trading blocks and all that sort of stuff. But at the time of sale, I don't think I I felt like largely none of the major coins were going to be hurt. By this I agree. I think, but what might get tricky is some of these like AI investment dials. Yes, dials are different. Yeah, they're different. Jelly.
Jelly would be an example of something that you you would argue is not a meme coin in this Internet capital markets shut. Down, Yeah, Internet capital markets definitely does not fit within the definition if you ask me. So but but like nothing. None of the major meme coins I think are affected by this. You could you could argue that some of the AI coins that were sold as meme coins might get
tripped up by this. But even then, like, it's going to take so much time to argue that, like, at the end of the day, I don't think they're going after anything, right? But I would say like the major ones, let's go through them so far. Coin no AI16Z originally was just a meme of Marc Andreessen, right? So I don't know actually, maybe it was originally an investment Dow style product like that one, I don't know. Probably the. Ark Ark you could argue yeah
Donna meme more of a security. I would have to look at what was done when it was sold. I think, well, there's also security in this utility, right? Well, well, it's more like. Are they what are they promising you at launch? Right. What did they promise you at launch? Now these were all done on pump funds, so there's no like. That's the thing. Pump fund launch, you promised nothing. Yeah. That's a security cell. It, it, it's, I don't think they're going to come off to any
of them. And that and by the way, even if you have a meme coin, Tyler, that by the definition is not a security, doesn't mean you can commit fraud within that meme coin. So PNDS like what that means that Lily Portnoy thinking, oh, let's go now I can launch a coin. No, like he's totally wrong. What he was doing is literally loading up from multiple side wallets, pumping it, then dumping it on people, then saying he doesn't know who's dumping. That is still considered fraud right?
I just want to make that clear. It's. Fine, right? Fine. I mean, yeah. And then they have to go and prove it, right, Tyler. So this goes to the court of law, blah blah, blah, blah, blah, blah, blah. And we're not lawyers, so. What what seems legal now?
Like what's this point out? So like, if you were to launch a throat coin, you could promote it as a, as just a collectible, you could tout it and, and, and you could dump it and you'd be totally fine as long as you didn't make any like false promises that you were, you know, going to hold for some period of time. Yeah. So like that is now clear. What? What? You could launch endless pump
funds now. You could be like a pump pump pump fund dev that never tweets about shit and you can launch 100 coins a day. Why are we not doing this, boys? Let's have a let's have a coin a day. Well. Because honestly, I'll tell you why is because there is actually the the code of the day should be a meme coin. Yeah, yeah, epic. Yeah, anyways. I can travel back to the US now. Speaking, speaking, Speaking of codes, speaking, Speaking of codes. The code today is rebound,
REBOUND, rebound. Rafflebot dot XYZ. Come on. A crypto punk, lads. Crypto punks. Tyler for the longest time didn't want punks. He didn't even like punks. He was talking shit about punks and then he buys a punk. Another crash. Decimated. Many such cases, many such. Cases. Many such cases. God damn it. Just kidding Tyler, we love you. I made a clear mistake and I've seen people talk about making this mistake and I still make. What's going on? You have a nice trade or for me
here was a nice air drop. And the next second. Instead of taking the funds, sleeping on it, giving myself some time to think through, I did the exact thing you're not supposed to do when I impulse bot a a punk in the same day. And. Had I waited seven days I could have bought with the the perfect trade 3 2 for sure. Wow, you could have bought 3 punks. That's top range. And that's assuming that you would have top Kaido. Yeah. So like that two. Punks is.
A possible thing, but yeah, I could have basically gotten 2 if I would have played it better. I don't think, just don't overthink it, right? Lots of people have done shitty trades over the last week and they included, I think, yeah, you just did what you did. I think in a year's time you'll probably be. Really happy not even but by September you know what I mean? Like I. I just mean in general, you'll remember having punk you you know it'll be it'll be quite a cool thing to you'll have.
I agree. I don't eve eve like if you're talking about me by a mug, I don't know if people are rushing to buy a dot E badge right now. Guys, this is like we were even saying like, oh, maybe ETH will look here good here with everything going on Solana, but. I was there for a day, I was there for a day, and now I was there for 1/2 of it. Same. And when it went to 2800 the other day I'm like, oh maybe then I'm like yeah let me hold off and Bang Bang bang suck. Downloaded the whole fucking
clip on that thing. Code is rebound REBOUND rebound rebound raffle bought the XYZ rebound. You know I'll. Never do though. Like it does feel as though there is a very vocal bit of the community that just trashy I mean. What Anthem is doing is little intense. Like now he's playing for. Six months. Not just him, it's all the hyper liquid guys, yeah. Floods, yeah. It's it's a lot of other Solana people to, it's kind of crazy to see like there's a lot of hate
on the timeline for ETH. Yeah, like stuff like that. Like I get it, conferences are kind of mad, but like you also like don't have to put a picture of what it's empty. It is funny though when you read like this is a fact, right? And that's pretty crazy. ETH is trading at the same price it was during April 2021. If you bought ETH in April 2021, you would be break even right now. While bitcoins up 42%, QQQ is up 49%, salon is up 430%, T bill yield is up 8%. Like even yield BU you know,
it's like T-bills, it's intense. Yeah. I mean no one who bought hype outside of the 1st 8 days of his existence is up on the turret well. No, a lot of these guys made money on the AirDrop, right? That's. That's the point, right? But he actually had another tweet which made me think a little bit more. Go back to if you go back to his profile, he dunked on everything, right? But he he dunked on Solano a little bit. We should have him on. What's the other tweet?
Baby, he's he's talking about Solano like that. We have just like accepted that we just got rugged on for many months. Kaido, too. Yeah, Kaido. Kaido is from. The Maybe it's a day or two ago, Maybe it's a day or two ago. They do tweet a lot so it's tough to see. Yeah, there we go. Which one this? No. Why have we received no clarity? Who was doing all the sniping of tokens on Solana?
Why is the salon's community not banging down the doors asking for explanations about who is inside of trading? Clearly using material non public for Mason to steal from retail. And the next comment was they stole your money by promising you a version of events that meme coins were a completely organic and fair playing field. And when it turns out to be systematically set up, you guys just take it, wipe your chin and walk away. Maybe salon and manlets are as low T as Eastholders.
I actually thought this was. Is he wrong? I thought it was pretty accurate. Like why is nobody looking? For him is just kind of moved on, like moved on from that kind of I guess they haven't moved on, but like it does feel it's just like, OK, so we all just got rugged for like a month and everyone just got decimated on the Daily Runner shit. He has a point. That was why are we not, why is, why are we not looking into
this? Kind of a all right the whole story that meme coins were completely organic and fair playing field was you know you're you're you're calling out Murad here the memes that Murad was talking about were not the memes that were launching on Meteora and opening at a. Five. No, I think that's completely different. I agree with. That, yeah, I agree. I'm talking about the the the January to February period. Like that last stretch of crime
wasn't like, open. Like it was just like, straight up like crime or crime or crime or crime. Like how are Yeah. Like when's where's the two? For internal investigation, it was better to be Femwick and then the onset of words. Which one? You don't remember, Meow said. Oh, we're going to get in somebody to do an investigation. Of course they didn't, bro. Come on. Come on. We're going to do. We're going to get in.
They all close, even even day one I was in Hong Kong and I was the only one calling like three of us calling Ben Chow out on the timeline because it was sucking his Dick because he's the fucking founder of Meteora. I was pointing out Ben, I know you're guilty. Like I was literally getting DMS from people saying yo, this guy is guilty. 24 hours later he's stepping down. Like you know what I mean?
Like they literally kicked me. Do you know, like the Solana Boogles, you know that comedian that's like really Chad, Chad, like the top, You know, Solana is super closed. They kicked out a few members. That's public knowledge. By the way. They put, they really kicked out members of the committee for allegedly being involved in some shit. Like that is pretty wild when you think about it. That is the top community in in Solana. I think this went all the way
up, I think. I think a lot of top protocols in Solana probably were. They were all. Involved, yes, Right. I like mail. I think it's fucking funny, but I want to see more like they were. This is crazy. This is why I have so much trouble coming back into this trade. Like I'm so like. The tough thing about it, like I actually don't know a way where they couldn't have a bunch of insiders for this stuff, right? Like after Trump says, Hey, we want to do a coin and we need to
launch it on muturium. We need help doing it and we need to do it with super. So like a bunch of people are going to find that out. And then when when that becomes the meta, when that becomes like, right, this person is now going to launch one and they need to come like automatically the platforms get to a lot of people get inside information and the whole market is waiting for that as well.
Like they are waiting for that coin to come out each day that the opportunity for abuse is just like, unbelievable, right? Yeah, I agree. Anyways, I don't know, I'd love to get to the end of this, but it's also the soul scan is unreadable. So if this was on on the theorem, like you'd get to the end of it in like a day, right? No, I'm serious. Like it's a meme, it's a joke, but like it's real, right? Like have you ever tried reading
soul scan? I think that's also part of the reason why like meme corn traders who are down, like they're just like accepting. It's like we all knew that the game that we were playing for the most part and yeah, it was more rigged, but but still like you, you lost a game that that's all predicated on trying to find the the next hire buyer. Does it not annoy you though that like clearly a bunch of people at these top protocols made like 10s of millions of
dollars doing that? Yes, like clearly people like even the final one made 100 million for one guy. Right, one guy and he's off. By the way, what happens to put him back in the chart? No chance. No chance you saw from his exact reaction was about to happen. It's crazy his whole family are cons like his. Mom's a con all over the. Con. His dad's a con. Like, did you see what Beanie went into? Like his whole family are cons. Yeah, it's a family affair. They're the Millers.
If. You pull that out, then you just have to basically hate Solana because those they're all the background of of Solana right now, right? Like those are the that's. What I kind of work, I know Flo is trying to like, he's actually trying to sew this like act. Of course. Hate here like he he is trying
to do that. But on this, I thought it was, it was kind of Fair. Like it is kind of crazy that like we're just moved on and everyone in the community just lost a ton of money over the last two months and, and probably some a bunch of insiders made a ton of money and and that's it like on a big game. Yeah, The thing is like and everybody the main like. Smaller, isn't it? Sorry I'm talking too much. The main excuses are like, oh, but you knew that.
But it's like, so it still doesn't make it OK. He's like, oh, we all knew slaughter the meme corn casino was always rigged. It's like, OK, sure. Yeah. But like, like this is like wild. And if people are coming saying NFTS were the same, so like, like, like, you know, that person killed 5 people, that person killed three people. Oh, but he killed less people than the other guy. So like, I, I think like we're a little like redacted in this.
I swear to God in this industry, like a lot of people fell on their heads when they were babies or something, including myself. But I just don't understand. Like you guys like what? Like, oh, he only stole 100 million. That guy told The Billion it's worse, so. We can't have nice ponzis, you know. Why can't we just have nice Ponzis guys? I'm just going to go like become AD 5 head on Sonic or some shit. Anyways, Tyler, do you have anything else you want to touch on?
Open C at the end of the NFC cycle. I know there's that shit with Nate, but largely if they had been it been found out. Prison for $50,000. Right. If they had found out that these these actual platforms have been selling these NFS like really hyped NFCS or got like a ton of whitelist spots and just dumped them in the first minute, right. And everyone had been trying to buy them, but like the platform got millions that those platforms will be dead in the water.
Right, and someone just said something on pump font. You're so right. Who's in the comment E Brink Jupiter meteorite do all this, and yet we're mad at pump font. Like at least pump font is like openly just selling these meme coins, cashing out of the Solana front of your face, not even hiding. I loans everywhere in the timeline and you guys are like probably like just like happy with meteorite and Jupiter like it's crazy, right?
You could argue I mean, and Jupiter, we're more attractive companies than than pump fun here because they really preyed on you. I won't come across as defeatist because I'm not defeatist, but like, what? What's this? What's an individual person supposed to do? I actually that's not, that's not my point. My point, my point right now is that I think, I guess it is agrees with what we already said in that Solana Sloan needs a little bit of a cleanse after
that. Like that's not, that's not great feeling, is it, to be involved? Isn't there's this like lake or water in India where you go and bathe yourself in and you come out clean? The Ganges? The Ganges, Yeah. Yeah. I mean, let's pull this back a little bit. So like we we're talking about the CME future in the ET I. Don't think this is like the Ganges. And I said, you're trying to fuck in our, in our group chat. Like, all right, the the ETF is coming. Now we just have to come up for
like, what? What's the thesis to pitch the sole ETF buyers out there? Yeah. Different, right? I don't know that I, I have the articulated thesis just yet. So we, I think that's a part of the cleanse. It's like, let's come up with the the new thesis statement. The the first thing you want to do is not buy Solana, but like maybe maybe I'll just talk about this slightly from from my standpoint, because I've spent a year now nearly a year trying to build up epic with lots of tons
of other stuff. It kind of infuriates me as well because it's like people were playing that game and just getting absolutely hoes and then now no, no slot. I mean was just getting absolutely destroyed, absolutely like annihilated. Now it's kind of ruined the whole system. I don't know, it's ruined it, but like, I would like to hope that, you know, things coalesce around different projects, all that sort of stuff. But it is it's, it's just like those guys have really ruined it
now. Yeah, I don't know. The question is, are new market participants going to want to get in on what's coming next? Like again, because the new market participants that came in from the celebrities, the Trump's, the Melanias, the streams and this and that, like, you know, the people that brought it, because there was some people on board like, you know, you can laugh at like the streaming and the Aiden Ross's, but that's still on board.
Something like this stuff. They get so touts people's curiosity, which brings them into the space. Those people are all down a lot. Like I saw this tweet, this guy was like, oh guys, I had 25 K at the top. I'm a 19 year old now I'm 4K. Like these sweets are starting to come out, you know what I mean? Or the other guy I showed you guys saying that he bought MLG all the way to the top using his bank. And by the way, that's his own fault, right?
No, just going to say MLG. Don't go blaming banks and shit. But I'm saying like, and now he's got credit card debt. Like these tweets are coming out again. It might what brings this people back to Solana. It might not be Banks fault but MLG might be one of the worst rugs for the whole cycle. Just to let you know. Like this is bad when mainstreaming gaming seems they can come in this. But like I think a lot of new entrants came in for that coin a lot.
It was one of the more widespread coins right at the end of the cycle And far Coin, I said I think did that a little bit too, like a coin that went mainstream this cycle. Far Coin Made went proper mainstream though I imagine the two actually. Fuck me. Wow that's that was the even wake here right? The stream wig dude. It went out to 9 million.
I so true story, I was at the airport in Toronto last Friday and I heard this guy saying yeah MLG hit my spot where I'm buying at the lounge, Air Canada lounge. That was funny. Yeah, I. Mean how many tokens put printed that candle where it goes 30 million to 100. And 50 million, I mean this exact pattern, we've seen it on every token at this stage, right? So I mean, how are let's look at like, how is something like pop what? I didn't even look like. What's Popcat?
But Popcat, you had plenty of time. Oh yeah. And you were up like only the people who really round trip that one are down like that. Was yeah, yeah, yeah. You had time. You had many chances to stop Popcat. Same with WIF. Same with WIF, see those the new memes they die at this first done here like the old memes for. 11 months so I didn't. I basically round tripped the entire first cycle, but then we got a full second shot at it. Yeah, see the did. The new memes never gave her a
second chance yet, but. So this, so going back to why I bought MOG today is because I was like, it's not on, not on Solana and kind of everything. It was. Very bullish news for meme coins that yesterday, right? Whether, whether you, yeah, you can't do crime. But like, these are now here to stay, right? Meme coins are now going to be something that we do for a long, long time. And I think you're going to see massive ones. So I mean MOG is the great collectible. I like MUG a lot.
Cafe obviously is another one. There's about a ton of different ones. You could, you can go and buy Rex, obviously, but but I did it did make me think that yeah, it's a it's not a bad time to consider those at peak. I I liked Greenie's tweet. Was it Greenie because I replied to it. He was saying that he, if he were to play memes, he would play the 2023 sort of like established memes. And you're talking like Pepe and mug in there, right? And then all the majors forget
what he was. But I, I actually am much more confident buying a bag of Pepe and Mug than like probably any other meme. What do you think, Tyler? It's up there. Don't. Don't make him do it. Where is SPX? Where? Where is the? Where is the fable? Look at The Mirage mug. I still like SPX over. Model no SPX is 2X still I think. Oh, is it? Yeah, it's 2X. It's literally 500 mil. I'm impressed with this dude. Everyone's monkey.
I'm right. I want I kind of I I don't have the capital to back this up, so I'm not going to do it. But like, are you going to bet that none of that, none of the Maraud memes make new all time highs? Would you take that bet? No I wouldn't because SPX is a just like less than like it's not that far from its Ath so obviously when you think about it, zoom out. Definitely not like SPX. Not that. Though those are multi cycle memes. All right, Yeah, like, especially just.
Three and he went a little too far calling for all time highs every month and now he's kind of pushed that to like. He's only getting bashed because of that, but his core thesis of believing in something and holding is what this fucking industry should have done. Like the difference with NFTS in this meme cycle is that we believed in something so much that you could hold a cool cat from .18 to 15 eighth at the top. And you make life changing gains
over like a few months. And in the meantime, you have a lot of fun building like a brand of reputation, community, friends, et cetera. That meaning Kukats, that's one of them. But like, so it was like 50 of those right here. You got sold this dream of that you have to hyper rotate and use this tool and this Nova and this not and this No, I'm just naming tools like and Nova and the snow sniper and you have to sniper trench, trench, trench.
Good. We were in retrospect, when my friends, my best friends in Montreal, they my best friends in life, texted me and said, Yo, let's trench tonight, let's go to yours. Smoke weed and trench. I should have sold fucking everything. You know what I mean? It's the people that have been begging to get into crypto for five years now that are telling me, yo, let's hang out in trench. I'm like, what does trench mean? Like George, if you're listening, did I tell you this or not?
Motherfucker? My friend George, I love him, my best friend. And he's he's not a norm anymore. He's been involved, but he also buys like majors. So I I think he's a smart guy, but he was like, at this point was like trenching everything. He's like, yo, let's hang out in trench. I'm like George, what does that mean? Trenching? I was like, let's go out, let's get fucked up. Let's drink tonight. I'm tired. You say no, no, let's go to yours. And that's trench.
I'm like, what does it mean? You know what it meant to him having Nova open. Orange is fucking Discord. Frank bought this, Frank bought this. Well, fuck, did I hit my computer's like, Frank bought this, buy this, Frank this, bought that, buy that. And I'm like, George, do you hear yourself? And he was like, oh shit. This is like. On Friday to me. I mean, I mean it was fun when it was working man though like there. Was Fridays I? Was slamming the fucking memes.
I made like 50K on a Friday night but that stopped happening all year long dude you know? How wild is it to Dave Portnoy? He got paid $5 million. Dave Portnoy, Like the guy who like literally, I, I don't mean to be insulting, but he's only relevant in white America. Like literally like the the American chats were going off on like Tyler, Peter Jennings, Jeeves D stuff. You guys all know him, so you're
trading his coins, whatever. But euro chats were just like, OK, this is just going to rub, you know what I mean? Like, I don't know, for once your reports were right. To lose like, I don't know how people aren't just like, what the fuck? I want $5 million. Oh my God. Anyway, I think. It's going to be a long time for that to to kind of come back. That's that's, that's my long and short of it. I think I, I wanted to linger a little bit, not just like move on. Like, oh, there was what sole
memes are we buying? Like, I think it's fucking ridiculous what just happened. And I think, I think people will. I don't think. Man lock in is $8 million. I think we need to, we need to the new daily launches to to drop substantially and drop for a while. Well, they are right, I think. I think I remember that period last year, Mando, and how you know that, but we weren't really like talking as much where Pepe bled for like a fucking long time in the $600 million range.
Mando, remember that we held Pepe early. We ran into building something, then it went down to like 600 mil guys and it bled for the longest time. I have a feeling we may be going through that period now for memes. This one, I'm talking about this one. It was long. It was long and they made everyone and the last people stop believing aside for the Pepper Bros would believe like people like Nifty Wap who then ended up making eight figures by the way. So it ends well.
Like this story ends well, you know what I mean? But if you look at fart coin, I think fart coin is like at this stage or something like that. If you were to believe that this cycle is not over, of course, right? Like you need way more believe, you need way more chop here. Like Sparkle needs to be at $300 million for like 3 more months to make sure every single last person sells and then I'll go back to 5 billion. Model is Q4 like I of course I would love to see it in March, right like.
Yeah, but no, right, this is. Realistic Q4 seems like if it if it ever does come back, I don't know if it is. Maybe if you believe this cycle is not done, then you should probably believe it comes back, right? So here it was 478 days. What was that in months like? I don't know but. It's nine months. There you go. So we've been talking about nine months from this. So it starts here, let's say 270 days ish. So you're in Q4 there, 250 days
like you're in Q4, right? I mean the the fractal on the 2021 cycle puts us majors peaking in November. Memes probably peak a month after right? So lines up. Yeah, but if you but form being is be ready to go through this mentally and even if it's only last three months or four months or six months, it's fine because you'll be happier. But be mentally ready to go through this shit. You know, I see bats in the comments. Pepe Bros for life. Yeah, he knows to get cooked, bro.
He probably made life changing money. Why? Because he believed in something for real. You know, it's like, I don't know, I've seen it anyways. Well, it's 1110. Look at that. Jesus, let me tell you something though, some hopium for everyone, but on the business side, shit's popping in crypto. I wrote about this this morning, but locks is in in Denver right now for us on our behalf, on the myriad side, the returns we're getting from investment firms.
I mean, he he was, you know, consensus is like pretty big on our cap table, right, given that decrypt was spun out of consensus. So he had meetings with Metamask with Joe Lubin, Mike React, all these three saw Joe Lubin was like working to crypt logo. He had meetings with a lot of the top VCs and meetings with Tari and, and Naveen yesterday in the Mando and, and stuff like that. And it's coming. I'm excited for Naveen actually.
But just all I have to say, like and like everything's looking very positive from the standpoint of founders. And, and, and you know, Tyler, you always talk about CT versus like institutional crypto. Like it's really night and day guys. Like it's night and day. Like I as a founder, I'm bullish to the tits, sure, as a traitor, I'm not as bullish as I was like a month ago, but that's OK because that'll come back up and I'll get your fork again.
Don't worry. I guess you know, I just decided this year I'm not doing what I did last cycle. You know I will stop bashing people when you know prices are down because I'm a bullish bear. Bullish bull. Oh shit. Oh shit, freedom slip.