Yo-yo, yo, what up? What up? Good morning, good morning. GMT Monday. Oh baby, I was going to say bloody Monday, but not this Monday. This is bloody all weekend already. February 3rd new month. Mute this best. Let me with this best. Oops Monday, February 3rd, 2025. Look at that. Another beautiful day to have a beautiful day. I got my clothes to the house. Tyler Mando, glad to see you both still alive. How are you doing today?
Brother surviving, surviving. Yeah, I was not expecting the group chat to be that busy at 3:00 AM on a Sunday night, but but it was. Hey, you were sleeping dude. It was like, because it's like really Easter. I honestly like all the crypto now is like estate at this stage, like 100% of all the market. It is. I've I saw so many sell offs. I mean, I have seen so many terrorist attacks on the order books this weekend. I am numb to it now.
It was just boom, OK, recovery, bounce, bang, recovery, bounce, boom Saturday night, by the way, Oh, you want to have a good time? 11:30 PM. You know Bitcoin drops like 5K, you know and then you you wake up little bounce on Sunday morning Nope Nope by the time my coffee's done boom, another nuke has hit the order books It was it was it was crazy Oh my God. It was a little fun just because I traded. It was very small size up and down, but. It was OK.
Basically it's fine you're. Saying this. Was the JLP holder. Yeah, that that was fine though. I mean Jappy is down too, but at least it's not down like my Solana fart and all this other shit. But but besides that, it was eventful. Tyler, how you doing this weekend? You are live. I'm good. We had capitulation Saturday followed by Black Sunday. At. Least Monday so far is not is not terrible, but yeah, we're we're here. Well, we're here. It's all matters.
We're we're we're we're we're, we're there, whatever meme it is hanging on a thread. Anyways, we'll talk about this that we started a little earlier. Let's get into the markets. Let's get into Tyler's top 1000 and topics of the day. And then, oh, no, giveaways are tomorrow. So Thursday, Tuesday to Thursday, Friday, we'll do give a raise a give a raise giveaways. And then last but not least, this show is powered by galaxies.
Galaxies, the 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 future of engagement. By the way, there was some there was also some fuck we going on the NBA this weekend. I, I, I had to have people explain to me this big trade in meme coin terms.
It's crazy. It's as if they basically sold their Bitcoin for Ethereum. Apparently on the on the maverick side. Tyler, is that accurate? Yeah, it was one of the wildest trades that I think we've we've ever seen. I don't watch NBA but I know Luka Doncic is and I know he's like the GOAT. So it's like I was like, well, like this. Is this like selling prime Messi? In football, didn't really get much back. I mean, Anthony Davis is good, but he's just getting.
Old and. They didn't really get it. There's a lot of conspiracies that like the owners are trying to take the team. There's a part of like a casino deal that's all part of this, like something else at play here because like the the trade just doesn't make sense. Mark Cuban's been pretty wrong lately, but one thing he's done right, he's he's sold the top of the NBA. That for sure. That is for sure, for sure. He definitely sold the top there and he's probably laughing all
the way to the bank. And also this was part by fair side. Every day we see people as well as get drained. Fair side is about to launch the fair alternative to insurance for crypto scams. Shake out fair side network on X. If you get drained, you won't get recommended. You wanted to start the show early because I assume you have a lot to share and you're ready to get back to war. So let's hit it. Can you dig it?
Yeah, GM, everyone. So one of the worst days ever in crypto, I would say in terms of liquidation terms, $2.3 billion was liquidated. The CEO of BIBET actually tweeted out just in the last few hours that he thinks the number is closest to 8 to 10 billion because their figures are off and there was a rate limit on how many liquidations they could show. So pretty wild I would say it wasn't just lever traders that got wiped out this time, this was everything. Yeah, so.
Look, my personal view is you have to see this in the lens of the Trump and Melania coin weekend. And then you kind of go from there. Stocks are down 1 1/2 percent. OK, We can get very macro on what's going on here. But like this is not that big. I mean, stocks have been down plenty of 1 1/2 percent. So you don't see you don't see a 25% drop in Ethereum in an hour.
On the back of that, what I think we saw here was just a continuation of of firstly, people expecting a huge amount of token supply coming after Trump and Melania, or at least it was very difficult to own anything in that world. And that draft also sucked up a lot of liquidity. And the second thing is, is probably a lot of leverage going to that inauguration and not just leverage in, in majors.
Like it's very clear that finance and, and some of the major exchanges have had a have had a policy of listing all these coins between newer coins for perps. And you know, you had the most diabolical looking perp candles on some of these on some of these coins over the last few, over the last two weeks. So I view it in that lens macro to me, like Trump, Trump at the moment is, is threatening to put up 25% tariffs to Canada and Mexico.
But I think he's just doing that as a bargaining chip to, to get a deal done. Or if he was to do it, he'd probably, I think he might do like gradually increasing tariffs until a deal is made. I, I think he's going to have this policy with pretty much every single major trading partner of, of the USI don't think that's surprising. I think he's obviously, he's obviously doing a bit of brinkmanship, which I think is very, very smart in a
negotiation. And even if they, you know, you did maybe remember you'd have, you'd have China tariffs for a while in his first presidency. Maybe they do do tariffs for like a, a month or so or like the until like a deal is a deal is arranged. It's very, very clear that he is prepared to go to that level, wants to appear that he's prepared to go to that level with all the major trading
partners. If you don't know anything about Trump's policy, this has been a complete cornerstone of Trump's policy. The fact that he would say he would basically reduce taxes and increase tariffs. So reducing corporate tax rate, reducing potentially income tax rates, federal taxes. And to make up for that, we're talking about a increase in tariffs and also potentially, you know, obviously, bring in Elon with the doge.
So. This has not been surprising in terms of policy there, but I think it's very, very important to understand that most people in macro have no concept that your altcoins are down 8090%. Like this is not that like it's OK, it's down a little bit. I'm not saying it's not it's not the best week we've ever seen in stocks, but stocks are down about 5% from an all time high less. Yeah. I mean, I was just looking at NASDAQ and SPX and it's honestly not bad, not that.
Bad and. This is an SPX here. It's like really not insane you've seen. The, the only like big macro worry I would say here is that a lot of currencies are falling pretty aggressively versus the dollar right now. And like that can sometimes lead
to like sovereign crisis fears. So you've, I mean, these are not countries that I would normally assume would go through a sovereign crisis, but Canada's, Canada's fell, Koreans fell, obviously China and Japan's has been falling versus the dollar. So, but that, that also is what happened during the first presidency. So like, remember Trump putting all these tariffs versus China, but actually the cost of of goods? To the wow. Was kind of unchanged because because the because the Chinese
yuan weakened by more than 10%. So like sometimes this, this weakness in currency impact means that inflation is, is way less felt in the US. But yeah, I, I really think it's more of everyone will tell you this is a macro thing. I don't think this is a macro thing. I don't think this is that bad like macro is telling you. It's, it's, it's manageable. It's not a 70% 80% drop in altcoins. It's not ETH. Like literally smashed all the way back down to pre trump
levels. To the theorem was nuts yesterday that liquidation or whatever sell off that was that big wallet that's sold bunch but. What this tells you is. It was leverage. And it was and it was a continuation of the of the fears that we had, which had been going on for the last two weeks that every piece of bad news was being met with, right.
We need the seller on chain coins into liquidity pools of 1%. So I think it is a lot of people just rushing for the exits at the same time, rather than anything like, yeah, like Trump could go on. Could Trump could go on a trade war here for a while. And I think macro would have a little bit of a wobble, but it wouldn't make it still wouldn't accept this. So I would still be wary of of assuming that like, this is this is that horrific? That's insane though.
ETH went all the way down to $2100. Some exchanges started 2060. Yeah. I mean, ETH has been, we said it on Friday, right? Yeah, yeah, yeah. Oh, guys. Like we need the clip man Alan. And I was we. Got to get that clip dude. I'm. Not I don't buy into ETH rallies because they like the last few times they've always happened 6 times it happened right before a sell off and and I we were like oh, should you buy mog or Pepe?
And I was like, no, I'm not getting involved in anything more left curve on eve because of this. Yeah. To be fair though, this is just decimated everything like a correlation of one for pretty much all alt coins here. Everything went lower. It's like even my Solana defy coins got smashed, although that's slightly to do like obviously people being more worried about meme coins and new launches.
But but it this hasn't been like a oh, this this sector is OK apart from maybe hyperliquid, you could argue is like in the. Hyperliquid is doing really good. They're very similar trades to like JLP, like they obviously make a ton from liquidations, so they make a ton on days like today and they never look, they never look so bad. So yeah, Hyperliquid is easily been the strongest performer at the top 100 coins, but. Wow, wow. Very strong. Yeah, yeah, it's actually 24 1/2
right now. That's the. Yeah, it's closed here, but it's not on the. Oh, there you go. It it adjusted. Yeah, but the vast majority of of anything left curve, just to put in perspective, all right, in November, Whiff was at 55 billion. It's now at 700 million. Bonk was also at 5 billion. What's bonk at? I think Bonk is actually held up much better than the others. I think it's still around a billion. You've had you had peanut 2 1/2. On Peanut who?
Peanuts are trading at 200. How insane is that as a move? You had goat at one point 1.3, it's now at 130. Yeah, I think that hit under 100 yesterday. That was like. Whoa, you had fog at 800 million now at 6080? I don't know where it is right now, but like. 65. Yeah, you had MOG. MOG was trading it. I know 1 1/2 billion one. And a half billion, 400 like this has not just been an AI thing. This has been a everything. Oh my God. Yeah, yeah, yeah.
Pop Cat is obviously obviously the other one. I mean, the easiest thing is just go to Murad, right And look at that index. Well, I think The thing is it's been it's really been everything this this is something I think we didn't have in previous cycles, right? We didn't have a big ecosystem of Solano mean coins or or pump fun coins. And what this tells me is that, and I don't even think this is close to the cycle top, I don't think it's anywhere. No, I don't think so, but.
What this tells me is that this the bear cycle for these is going to be way worse. It's going to be so bad. Altcoins, this has obviously been horrific. I'm not saying it hasn't been, but like this tells you like, you know, when everyone just looks at the liquidity pool and goes like, Oh, there's only 1% in the LP, Like I've not I've not seen and people are saying it. They haven't seen a sell off like this since FTX, since COVID. And it's not for Bitcoin.
Everyone's like, Oh, you know, it's not as bad Bitcoin, but like for altcoins, this is like a nuclear bomb got set off in in altcoins. And I don't think it was that much capital even leaving. I think it was for Trump and also a movement to stables plus plus majors. So. It's going lower. It will be blamed on the on the trade, the trade war right now, but it like deep seek nearly did this right. There was deep seek last week and everybody lost their minds.
And this week is a tariffs and at 3:00 PM Eastern, they're talking again. They're going to make up and then we're going to be something else next week, dude. That's it. But AI we had Aicc, then we had deep seek, then we had, then we've had this. I don't think what else we had like like a little a little bit of a set of oh, then we had the VVV thing, like just small bits of FUD are just causing like unbelievable sell offs in those coins and that. Just Oh my God.
Yeah, look at that. Look at that coin. Tyler. 75%. What do you think of that Tyler I. Mean there's a lot to unpack. I I, I think maybe they're starting so like you made the the obvious argument for the AI meme coins like I think in hindsight, it's very clear what happened yeah, like I still So what what the hell happened to ETH? So. I think it was a the sell off.
I'll show you there's there's a dormant whale of six years that that there's a dormant whale six years that woke up yesterday. Yeah, just before the someone sold like a few $100 million of ETH. I think ETH to be honest though that like again, it seems people look at the final thing go like Oh my God, I'm to ETH but like. He's also heavy. ETH has been heavy for. A. Long time, so like when something like this happens. Oh look, it's the world. Another wallet found some ETH
50,000 ETH today. Yeah. What's the seven siblings? Is that the founders? I don't know who seven siblings are. Seven siblings. It's an entity mine. Bottoms. Yeah, well. Here Tyler, I'll show you. It's a bounce actually now I mean. Yeah, it's going to bounce the hardest. Honestly, $2100 ETH was like I had nothing to buy ETH with because all my money's like Solana's chains, even my USDC was on Seoul. But even my friends that would panic text me, yo, what?
What would you buy? I was like, yo, spot ETH dude, I've, I was at a point I was like, I was like, yo even buy spot ETH over spot sole last night. I'm not saying it here, but like last night at 2100, $2100 ETH was like Christmas. Yeah, maybe I. Mean if you could catch that, that was very.
Hard if or even but you know 225023 you could have caught easy 22 hundreds 2100 I get it yeah you're right you can't really catch that and just like that Solana is above 200 bucks so it's I don't know damn so that was it Tyler, It seems I mean it can't be just that but that was yeah yeah I. Want to talk about the tariffs thing. I'm curious for, for your all thoughts. I don't think this is a weekend thing.
I don't think they they're going to have these conversations today and say, no, we're going to, we reached agreement and we're going to lift the tariffs. I mean, it's at 3:00 PM. They spoke this morning already. That's very possible. I think if that happens, it's going to be kind of hard to take a lot of what Trump says seriously if he's just going to do these things. Or maybe it's a quick win, you
know? I, I would be unsurprised if he continues with it. Like with China, for example, he, he, he kept them like month by month rolling and eventually they got some sort of a trade deal done right. I think he's probably just going down the list and going like, who are biggest partners? Like let's come to a deal. It does seem strange because I do think Canada and Mexico even are a lot more like culturally aligned and dependent on the US.
So same as like the UK for example, it's like they're, yeah, you're clearly allies. So like doesn't seem that sensible to necessarily like basically have a massive fight with your allies. But at the same time, I think one of the the things that people just don't really understand here is that the US economy dwarfs Canada's economy. It dwarves Mexico's economy. It dwarves U KS economy. It the trade balance looks bad, but that's because the US is
just so much bigger. It's not like it's like saying, oh, we have a negative trade balance with a tiny country. Well, yeah, like they can sell to all of your customers, right? Like it's so much bigger the US so it naturally is more like liable to have a trade. What is the What is the Canadian GDP for? Example, it's two it's the market cap is 2.14 trillion. OK. And the USGDP is. 2710 times. Right. So just put them like before you go like, Oh my God.
Like it's just, it's also a like a, it's just a, like a mathematics thing. Like there's so much bigger that the idea that you can somehow get an economy of 2.4 trillion to somehow like buy as much goods as an economy which is 27 trillion, it just doesn't work. So the US has also got to like, I think up to terms with the idea that it is a disproportionate amount of the global economy. So it's to get to like a close trade balance with a lot of these. It's going to be like Mexico is
GDP. There is 0% chance that Mexico is going to be able to import the goods needed to balance that trade deficit like literally 0. So this I do that you're going to get to balance is tough. China, you could argue like China's much, much closer, closer battle. But but with some of these smaller ones like I, I do think that like Trump's got to come to like some sort of an understanding here that the he can't get a balance of trade. Like there's no way Mexico can afford that.
So I think they'll they'll come to a deal. That's what I reckon. That's all it is. I did. I, I, I, I, I, I, I can't find the tweet because it was like really active weekend in the chats. But there's a tweet that was saying like talking about Trump's like tactic here that's just like as aggressive as possible, as loud as possible, as strong as possible in order to get a quick in and out
outcome. And I argue the opposite that like, I don't see, I don't see this as saying, OK, if they reach an agreement today, people are like, oh, well, all you going to take is Trump's words. Trump's word again, actually, as a matter of fact, it'll make people consider to take his words quick and he's just showing it's it's a show hand.
People love to say like yo US explain to me guys how the US even gets affected by, let's say this potential tariffs on Canada when US is very well off without Canada for the math that like man was talking about. If anything, Canadian people are down really bad from this. It'll affect Canada even more. But maybe also it's time for countries to become a little more self-sufficient and stop depending on others, right? I think, I think this is like a wake up call.
Like I, I see it from both sides, right? Like from the US side, it's OK whatever McCain inside said. Yo, like maybe it's time for us like to be a little less self-sufficient to like another country and depend on something else. I think that's what Trump saying is like, yo, like, get off my back a little bit and figure it out on your own. You know this is multi decades of globalization though. Yeah, exactly. Of course it's hard to break it all at once.
And like and of course if we study all this stuff at school, Baba like you need to like you can't like. But I generally believe in countries needing to become self-sufficient on their own. Like Canada has everything it needs to actually be sufficient. Like we have all the farmland you can imagine, we have all the water resources, but all the oil and gas resources that you can imagine. But yet again, it's it depends on its on the on the southern border. And I think a lot of people like
to blame Trump here. But like, I think if you look at Canada since 2015, it's been on the downhill only. And maybe it did become a little hassle. Maybe it didn't. And Trump is just trying to be like, Hey, yo, I'm one weekend. I'll do what the fuck I want. You know, you guys disrespect the country for the last four years. I I think personally like, and you guys know because I told you guys, it's theatrics. There's a slight rugging. I mean, I agree with that to a
certain extent. I also agree with like countries that you are allies with, like Canada and and the the UK, like there is a benefit of of being focused on certain bits of trade. You know, like we're going to specialize in this. You're going to specialize in that. Like, yeah, there is like that's econ one O 1 like countries that you are allies with at the same
time. I think the USI mean then the one that the US really fucking overspends on and literally protects the the world on here is defence, right? I think it defends most of Canada's borders, right, which is kind of wild. Like there's a there's a pact between the two of them that basically the US is just going to defend Canada. So you could argue that, yeah, like every country should be in charge of its own defence sovereignty. But like you are tearing apart
particularly against allies. Like when he goes against China, you get it? You get it like straight away. And maybe against the BRICS as well, actually, because the BRICS have been pretty overtly saying, look, we're going to add 100%, you know, we're, we're going to try and get rid of the dollar of this sort of stuff. But I do think against like the UK, Canada and to an extent Mexico as well. This is a bargaining tip rather than something that you like.
I don't think it's in EU s s best interest to go down this route and like really go off. They're putting it on the back of fentanyl, right? Like I don't have the stats on fentanyl. I'm not an expert, but I think it's like less than 1% of fentanyl from the US goes comes from Canada and that their state account doesn't do enough of the borders. I I don't know about that. I can't Fact Check it, so I don't have to take. But what do you think, Tyler of the overall like this type of
stuff? So I hope that is what happens, right? Like so like I'm, I'm just trying to be like level headed here. So like, I, I hope that this was all bargaining and they they reached a quick agreement and we'd be shaped, right? I don't think that's how this is going to play out. Like he, he tell he's been telegraphing all of his moves. He's been telegraphing tariffs. He's also been starting to Telegraph that, hey, Americans might be in for some near term
pain. And if it all comes down to is he going to try to do like an actual reset and change like to in America first versus globalization partner? Sounds like it. And if he is like, if we're actually going to do some kind of like a regime change to a degree, like there is going to be a lot, there's going to be some near term pain. We just don't know. And it's very hard to know like what he actually wants to accomplish here. I've been struggling with that
all weekend. I'm trying to chat through it with with folks as well. It honestly it feels like a coin flip to me. Coin flip we have tariffs on for the next 6 to 12 months at a minimum. Coin flip that we reach a deal this week or next week like. What's the next one? Right? I think what Wiz and Obi were talking about this weekend, Mando, and I'd love to have your guess's takes on that. Is that last time? So they're comparing it to 2018 and they're saying that tariffs were like 2 years.
Mando is so like let's say today you reached the deal with Canada, two more with Mexico, on to the next country, China, then China's done on to the next one and on to the next one, the EU like. He wants to deal with China bricks. Like what I'm, what I'm trying to say is I think, I think he's doing brinkmanship to get these deals. Him doing this with China and sorry with Canada and Mexico or the UK really has an impact on China. And the bricks.
I think that I think they actually are more adversarial to, to, to, to the US right now. And I would say that he can he, he will probably follow through with tariffs to all of those countries. And I don't really see a way that any of those will actually maybe the bricks we'll get like a maybe like the Saudis might be able to like get a deal done or
something like that. But largely I do think that you'll, you'll see tariffs to, to, to a lot of countries which aren't Canada and Mexico. What he's really wanting here is more like social stuff. I think he wants to secure the borders. He wants also and and defense. He wants people like for NATO to be like contributing as much as they should be, although arguably like the UK still countries a decent amount. Yeah, I, I think, I think this one out of them all is the brinkmanship one.
But I think the next ones, that's where the real battle is. Like that's where the real battle is in my opinion. Yeah. You know, pulling this back, maybe you kind of went there earlier, you said you don't think the cycle top is in. Maybe we could go deeper into that. So I think there's a lot of genuine concern out there, folks who who think the top is in.
I think a lot of folks I've seen the take like, oh, bitcoins, 100K and you think it's the first inning still and basically saying like, how could it not be the top like obvious blow off top signs with Trump and all this. So maybe we could go a little deeper into kind of your thoughts there and perhaps on Bitcoin majors also then like alts? So top down, I think this is quite a different situation to the last top in that I don't think we are headed to inflation at double digits.
I don't think, which meant that you know, we had this massive tightening cycle for a long time. I think QT quantity of tightening is coming to an end, but explicitly it's coming to an end.
And I think quite a lot of the other countries globally are moving towards QE, in particular China, like the only fight here for China is Kiwi. So like from a top down perspective, if you go back to the last top 2022, we had rapidly rising inflation, which meant you had a global tightening cycle off the back of COVID, right where everyone was printing money suddenly went to right. We need to actually up and reverse everything. So you had like a whole shift in macro sentiment.
And then you had two big pockets of of of like an explosion, which was three AC into Alameda into FDX. Like you had all that sort of leverage get taken out. Like right now I can't identify one person apart from Sailor, which I think would be it's something we would have to go on that that is that leverage in the system. None of the exchanges really have a active trading arm that could have blown up during this cycle. In fact, a lot of them have been distance over the last few years
that sort of extent. A lot of exchanges have been cleaned up a lot better as well. So I think the exchange risk is much lower than it was. It's not 0, but it's much lower than it was, which is normally like the main, main way that these things can go under. I think a lot of the the OTC or peer lending platform, peer loan platforms in, in, in crypto have either gone or are much, much reduced somewhat than what they
were. Again, the whole of that sort of space has been cleared up. So I think that bit of the leverage has largely been cleared up, which is like institutional wow, we're going to lose this firm, this firm, this firm, this firm. Yeah, hedge fund might have blown up like people are talking about Scimitar may have blown up, but I don't think that leads then to the neck that doesn't lead to FDX exploding this this time.
So I don't think again, like this is going to lead to some wide range take out and then you got to look at it and be like, OK, so if it's not going to be a macro BLOB, it's not going to be a crypto like a leverage blow up. Then it's really got to be like a fundamental. Everything's going to shift and everything's going to go lower
off lower off the back of that. I just don't see anything that like apart from like the chart looks a little bit like with broken, broken support like the other the other. The other thing I would look at here is stable coin supply. Stable coin supply is literally going insane right now. It's it's like even on Solano, it's it's going insane. So and that's not what happened last cycle, right? The stable coins halved last cycle like after that top. So that doesn't point to that for me.
In fact, it points to the idea that this is actually a good a good spot to buy the dip. I think what we've seen is that when liquidity leaves Solana. It's running. With pump fun coins and most of the coins not on spot exchanges, only for perps, you see decimation of these coins like absolutely decimation of these coins. Stole bad boys. So I think it's far more micro
than that. I think we can shop like even if I look at it right now, Bitcoin actually just held that nice like that level of support it's held. That's it. Clockwork bro. Clockwork. Like look at this like. It's a wild rebound, like watching the things are always. The same it's always the same like we're two bullish at the top like we just were right at one O 6 Tyler like I wanted like
5 the whole timeline. Everyone let's go this time is different and again 2 bearish at the lows at 90 same thing same thing we talked about social us 3 like every day at this stage same shit. 90K is the bottom of this range. 108 K is the top of this range because I'm not talking about the market, right? Top of the range is 90KA108K and bottom of the range is $90,000. One 2-3 clockwork, 1-2 clockwork. Like do you know what I mean? I'm speechless.
I I convinced myself this time was different and literally 3 three weeks in a row we bought up right before market open Monday morning. Again. What was 190 before market open? Is it two O 6 Bitcoin's almost at 98? No, we're really about to hit 100K by either end of today or tomorrow on the show. Like it's insane, guys, again, look at this. We've done it again. We're we're made way through the range again. We're there. You know what's? Going to break the range.
So are we just going to arrange then we're going to have like every single weekend, we're going to have like a Trump headline? Yes, bro, Yes, we're going to keep ranging. We've been saying it. Think about this right now. Everyone just got liquidated. That was $10 billion. Yeah, right. So what is going to break the range? You had $10 billion of liquidations and you didn't break the range. It has to be a Black Swan, which again, that that's to, to end it, Tyler.
That's the only thing I can imagine, like taking us completely out like COVID, you know, like China invades Taiwan. That's sort of a thing where it's like, Oh my God, like, but I don't think they're going to do that this year, not with Trump where he is right now going absolutely crazy. So it it has to be something I don't really see. But the macro conditions are nowhere near what they were. Last. Last cycle, they're just this
completely different ball game. Crypto Crypto's 8 and I've said this so many times, I don't think we're going to have a cycle like we had last cycle. Oh, pet tariffs were paused. Oh, there you go. Breaking news. Wait, what? Yeah, hold on. Yeah, yeah, yeah, yeah, yeah, yeah. Maxine, Brandon Scheinbaum says Tariffer, pause for a month from now. We literally call this. We literally fucking call. Wow. Wow. So. This is this is like little dude, clockwork, clockwork,
clockwork. I caught Solani, it's at 186. I'm just. Clockwork. Because I knew this trade. Clockwork. Knew that we talked about this trade every single week it's the month that the open trade and I and I missed it which. Is what's happened but the. Stuff that I see outperforming for people that are. Like FAR coin and MLG are pretty good on sole. Honestly, look at far coin. Are the AI coins the only two seem to be ARC and FARC coin that. Held up. In any sort of. It's FARC, it's the new.
It's the new code FARC. It's the. FARC. It's the FARC mafia in meme, MLG and arguably FARC coin as well. Yeah, this is so funny, dude. I would say that. There's no way. In in the revenue producing protocols, which I've been saying everyone should like be looking at hype up at 25 1/2. Ray looks like it's about to bounce back to positive on the. Yeah, it's positive on the day now. Still down 20%, but that's like Jupiter's down 20.
Yeah, but it's going to. That means that means Ray's going to bounce like a meme coin at this stage, like it always does that. Bouncing so those three I think are the some of the three biggest strongest to look at right now. What isn't bouncing, interestingly is is actually still a lot of meme coins and a lot of the other. Like they're bouncing, but they still look. They're not the first thing people are buying. I don't know if they were buy
now or they're not, but. This is comedy both I see. A little bit and so like, and this is not me fighting. Yeah, you. Were you were fighting Mando this weekend like this weekend starting with you were like you went full Trump on Mando here. You're taking, you're taking notes from your from your president here. Faffo. You are taking that meme. So like everyone that is so happy to to great the meme coin super cycle and like it's over Like, but it, it it does feel
like a change has happened. And I don't I don't think people are like active, like people are ready to dive into the trenches right now and like trade memes all day, but they're not going to do that. Doesn't that hurt Ray? 100% and like it did right but but I think the the the point is, is that someone like Radium will move. When I first got into Radium it was 6 1/2, so it's down 15%. Yeah, I rent A rent A8 the day after you bought it, remember?
At that time, Falcon was 2 1/2 billion, right? That was. All done very well. Right. Like you have to put in perspective of the Solana exit that we just saw you want to be inside revenue producing protocols, right, So. I'm by some ray right now actually. It does feel like one which, but again, I think what Tyler is saying this is this now a does anyone like where I put out one bullish tweet and I instantly deleted it because I just knew that people. Tried to delete it.
Do we think that people are ready to get back in the water and stop buying meme coins? And all, brother, the people are literally buying the bounce right now and they will lose again if it bottoms, if it, if it's a dead cat like they people are so eager to buy everything after it pumps that that human psychology is never going to change. But there's $8 billion left though in their hands right now. So that is a thing. Look at this. Number one right now. I'm buying this fun.
Yeah, one second. Everyone is like, not only have we got as the coins set up of these coins, it's it's, I mean, you have to understand this is the perfect storm. It's pump fun with 1% liquidity pools into. I'm literally buying some radium right now on the show. I'm wrong. I'm wrong? Like there's no spot liquidity for these coins, right? The only spot liquidity for your pump fun coin that got listed on Binance was the 1% pool that it's had since it existed, right? No else was there.
And I think, I don't know. I honestly don't know if it this is now going to be a full blown like we're going to go against fun. I don't think that the alternatives are that are that. Good. The DJ's will go back to the casino right away. The there's no like let me I'll tell you right now, let me go to the Otis Kitchen one second Here we have we can do the research on the show. Let me go to Wiz's chat Otis Kitchen. How many unread messages?
1300 There you go. And they're already oh, this guy's like, I'm up almost 100% in the last hour. So he caught up. He caught a fucking pump phone already. There you go. Tend to. They're all buying shit coins. Yeah. So if they're doing that, then Ray is an obvious buyer because also on a valuation standpoint, I don't know what Ray market, Ray market cap is right now, radium. It's AI. Don't. I don't even care. All I saw is that it's $5 and that the chart looks like a
chart that people won't buy. 1.65 billion. Look at this. I think 1 size six $5 billion market cap like it's, it's on track to burn nearly 40% of its market or 35% of its market cap this year. Yeah, I mean, this is like. That's crazy. That is honestly insane. I mean punk funded the lowest volume yesterday that it has since January 1st. Yeah, that's that's very fair. Yeah, no, that's fair. I just, it doesn't like it's, it's still just $1.5 billion. Like I don't care about pump font.
Like pump font is not my only narrative to buy radio well. I'm not, this is not an attack on radio. I'm just more, I'm just trying to like think through like, what is the state of the trenches February 3rd through February 7th like. The trenches are hurting, dude. The trenches is going to take it's going to take a little time. They're listening to the show What up, SG Simon Will, they're all saying hi for Hook in the kitchen. It's so funny.
But you know, I think Tyler aftermath of Trump and Melania, we all know we're still in recovery mode. That's two weeks in plus $8 billion wiped. That's all the perp guys that got destroyed after all the meme guys got destroyed and now now I think it's just like this natural small reset. I'm really happy. I actually was hyped that Bob Lucas was aligned with what I've
been seeing on the show. I've been staying end of fab like very early March is when this new cycle is going to start again and we're like we start going up. I think Tyler is going to be some sort of slow recovery and then the trenches like active again.
Then what you need is a proper PVE token to go above like half a billion dollars here, not like APVP, like all the Jelly jellies of this world like and by the way, could we also talk about the signs that were there like here and study what we I think Austria is pretty much pretty OK this time around, but I think in general we as a market did wrong like there was a few. Signs here sign. This is the thing.
They're signs the whole the whole way and I actually don't think this is. Yeah, but the signs got really big Mando this time, like at the end of this way. I think, I think what this shows is when this is actually the, when this is actually like a cycle top or like a local top, the. Local top signs were there though, right? If your. Point is not listed on major exchange for spot. For Spot, yeah. You cooked.
It's over like it is just when capital shuts, I think Trump taking liquidity and then Melania into this like and none of the coins are on are on exchange spot like that is just. Yeah. That's a perfect storm. Yeah, there was that, but then you had and then you had just back-to-back grifts like Jelly Jelly, grift. Everything I think was grift. Everything was PvP. It was not even Pve bro. I feel like it's been that like
that for 12 months. Though I know, but shit, you know how they they say keep count of all the top signals? It got really a lot within a very condensed part. Like you know before it was like 1 celebrity coin. OK, another celeb coin. OK, this time it was like boom, boom, boom, boom, boom, boom. We have Brent Johnson the other day fucking tweeted out, I'm going to drop a token. I was like, dude, I'm interviewing you next week. Let's just maybe not do that. Here's the thing, though.
Everyone's going to forget this and they're going to tell the story incorrectly. Everyone's going to say that Trump was the local top. Of course they will. Actually, it was Melania. You go to the mean coin market, cap it. It peaked on December 8th. And that that December 8th was what? That did not feel. I mean, you never know. It's the top when it's the. Top it was when I was like, well. Guys, fart coin is back to 800 million. Dollars WIF was like full
sending. All these other coins are like full sending. Must coin is flying. I think doge as well. Doge had a massive run around, then Solano mean coins topped in November. Yeah, did they? Yeah, because then it was just a fart market for that longest time. Yeah, that's true. And AI market. So yeah, I mean, let's look at. OK, well then I guess we we're just bouncing on the show. May as well look at what's bouncing best and see what we think probably holds.
I mean our FARC, our new FARC term internally is doing is, is not doing so bad with FARC coin. I mean FARC coins that 795 here. Wow arc is at. Where are you seeing 7? I'm seeing 507. Fifty, but maybe. I'm no 776 just refresh you got to look at it on. I'm on trading view so maybe. Oh, Dex, is that wrong? Maybe. Well. Let's jump on. It's 76 now. I can see the place. Yeah, it looks like the ones we said MLG is pro and and maybe some of the Mereb memes are
bouncing. OK, Radium looks like it's about to reclaim 6 I'm. Literally just buying I, I I'm buying Radium like non-stop. I have a trading wallet that I've just been trading with. I don't touch my GLP and it's been doing really well. So I just like full ported that wallet to Radium for now and then we'll see. But if you're down, maybe we can pull up the AI board for a. Second here. Let's pull it up. Let's pull up. See. Look, yeah, reading's already up from that first buy. Nice. OK, so.
Thank you for doing early today. I'll see you guys. Tomorrow, I too see you tomorrow, mando all right, man Tyler, now let's go to this and then let's go to your topics as well, because we do have plenty of time left, but let's pull the airborne first talk about this and then let's go to the topics of the day by market cap so far coin higher be rebound man OV again cooking on this AI60Z dip. I mean, it's funny because you say like the Oh my God. Celebrate.
So like, let's put that out there right now. It is too early. Let's not celebrate guys. Let's not get overly bullish. Everything is not a lot. We have a little bit of relief. So it's just I'm, I'm fully conscious. I think it's down 80% like so don't, don't at me with that. You know. But I I stuck my neck out a little bit on Saturday and said this feels like capitulation. It was capitulation though, right? You were right. I don't think you were making a bold call.
But still, a consensus take was this is what's happening to AI and memes right now. What the hell is going to happen when Bitcoin goes to 92? Oh, they will go dude, the fact that these memes Tyler were still above $350 million. You know what will happen when Bitcoin goes into a bear? AI 60 is going on 5 million. I think that's what people realize bear markets are. That's why like don't fall into
the whole bear market thesis. Your bags will literally go to sub 10 million, like the ones at a billion. You know what I mean, Tyler? I mean. Yeah, but I don't think we're in a real bear. No. And I guess where I was going with that is, so we saw this massive capitulation on Saturday. Everything's down 30 to 40%. Yeah, 80% in 10 days. That was the day before the Bitcoin ETH sold capitulation. So Sunday night E 25% it went to 2100. So I went to 176.
Yeah, all of these didn't move. My, my point is it felt at least in the moment that there were, there were no sellers left. And again, it's too early to celebrate. But if you kind of look, if you've been monitoring this closely on a daily basis, I think there were some positive signs from Saturday till through this morning.
For me, it was very positive to see these a lot of these AI leaders not dip anymore when when Bitcoin went to 92,000 and ETH went to 2100, because I think a lot of folks thought that would just be like, all right, they're they're literally going to 0 here and they didn't. Now I don't think we're just I don't I would love if we V shape or cover. It's kind of hard to see that. I think it's going to take some
time probably to this damage. Maybe we just kind of consolidate in some of the the clear leaders. I mean 4 coins up 32. Yeah, I mean, I was the lady that I was talking, I was texting with the boys right now and they all would be like mid cap. Like it's just like you could I like to do this. Tyler and I actually tried this weekend and worked out really well for me. So I only traded MLG for fun up and down. I actually did really well because the volatility on these meme coins is insane.
Obviously can't do with size, right? So let's do with like mid 5 figures, high 5 figures, let's say every time in and out and it just works out like you could trade these like day in, day out and far coins. Just a great one to trade because it's got a lot of liquidity, it's got some nice volatility and look at just prove that you know the second thing, there's a relief. This is the one that goes up. It's nice to see again this is.
500 million. Caveat. Like I'm very well aware, like we had, we had two candles just like this five days ago. Yeah, here. Then we knew it's another 50. Percent. Then we knew. Yeah, right there. I'm very conscious of that and and in no way do I think we're out of the woods, but it's nice to see. And if there is less capital left in the trenches, I think there's a scenario where folks consolidate into winners. And I think there's a scenario where folks kind of get out of
the trenches for a little bit. Like if you traded, you literally you had to be at the desk constantly. You couldn't check out for more than an hour or two. Yeah, I, yeah, I agree with you. I just think I, I, I think the people not leaving the trenches, they're going to go find another $100 paycheck, $2000 paycheck, like they're going to people like I, I don't, I don't. Think it was a zero. I think it slowed down. It was yeah, yeah. Like we had two weeks of mania following Trump.
It was the most liquid the the trenches had ever been, but everyone got wrecked except for Frank and a handful of others. Yeah, we'll see. It's going to be it's going to be an interesting week. We've got Sachs talking about digital assets, a big presser. Another bullish asset. Bullish, you know. Hopefully bullish. Yeah, I just like, I don't know, I think a lot of these bounces will be dead cats. Like, you know, exactly how I feel about some of the bags that you're talking about.
But I don't want to fight in public but but I think a lot of them. Make right now right it's like is this dead cat like yeah we're up but it's down 80% I'm. More worried about utility here, utility memes, not like the radiums and stuff because utility utility coins, but utility memes because I think they've seen their real value.
And if not overvalued still like a lot of this shit is like so fucking like useless in terms of like like, I don't know, like I just a lot of the acorns were useless to start with and they're even more useless now that the price is lower because the memetic value of this was up And you're like, Oh my God, it's amazing because this bag is up. So memetically it's useful
because it's making you money. But then when it's down, so not only are they losing money, but on the top of that, you're not even using the fucking product, right, which we were talking about last week. It's like it's a double downer and then it's like 250 million. Like why is this still 250 mil? Like what is this like a XBT agent is like $400 million? Like do you guys really think at this stage it's worth 300 and $400 million for the terminal access?
No, but hey, mimetically it is because it's still the number one KOL on Kaido, right? So at least there's that, but the rest don't have the KOL status. My view on AI was that it was a bubble, but I thought the bubble was going to get bigger. Yeah, bubble certainly burst. So it's hard. Yeah, it's harder to see just the current crop, just like all V.
Shaped it's tough right? It's scary, but that's where the money is made like Ovie, you know he's been tweeting about it. He's been talking to you and I about this a lot he's like dipping only in AI16Z and arc and he's bought and technically speaking he's up big in terms of like percentage so far. Now let's see if sustained, of course, but not everyone's like Ovie. Like Ovie thrives in these markets. I have been obviously his friend for four years now.
And so I've seen every time he did this, he made a fucking like ridiculous amount of money, right? Like generational wealth he's made on days like yesterday. I think there's lessons in there. So Tyler, like, you know, like guys like Mindo waking up three in the morning, seeing Solana down to 170 and just slamming the by like shit like that is what makes proper traders versus the rest that will probably buy just sold at two O 8 here. And then what if we retrace again?
They'll lose again, you know. Yeah, I mean while the AOL yappers are are bear posting to get yap points, you had a lot of serious traders saying that that was the dip to buy. I think it's important to study that Tyler and to bring that to light. I mean you get to see it now like first time because you're in the chat for more. You see OV Mandelhog, they trade, but I think it's like the Wiz is like these guys are buying, man. These guys like when they see red, red, red, red, red, red,
they just like bid. But again, you can't bid on the first red. And I think we've seen that. Tyler, right? Friday, Saturday, Saturday, 1st wave of red, Sunday night. You're liquidated if you're along on Saturday. I'm thinking through all this right now. Just live on the show. So Big 99,000. Let's here, let's, let's, well, now the shit's changed, so let's go through prices again. This is a huge rebound. Bitcoins 99,000 and you know
what's going to happen? We're going to go above back to one O 6. We're going to go to one O 6 from here in the next few days. We're going to get too bullish and then on Sunday we're going to get slapped down. Can you imagine if that happens again? It's going to happen. I genuinely believe that our pump. I know I tweeted like new highs in Feb, but what I meant was read like last last like end of
Feb, like I always meant that. I genuinely think you're still ranged like this like to here and then perhaps we break out here. I hope so. That would put us at what? How much of how long chop? Say let's say we tap out like second week of March. That would be 118 days of chop. What's 118 days in months? Four months. Four months, so that yeah, four months that that would. So this is 9 months. Yeah, Against typically, you know, everyone thinks selling
may go away type things. So like that's why I was asking Amanda what breaks the range. I think he he was talking about to the downside. I actually was talking about to the upside. Yeah, we got to ask him again tomorrow. This is it's that's still, I'm just kind of scratching my head like what?
But also like what threw me off today and why I wasn't long, even though I knew Monday morning was the time to go along was punk 6529 and basically said, if you you've been bullish on the ETFs, but you haven't experienced like a red day for the ETFs. So. Yeah. But we have though, we have though we had days where there was outflows of hundreds of millions of dollars on the ETFs. You're right, I thought today might be a red day for the ETFs and does not look like that's
the case. By the boomers are probably today's probably going to be a top day for Ethereum. I should we put calls out there. I think today is going to be the greenest Etherium ETF day since ETF started for ease. Yeah, I think that's I think that's the right call. Because boomers trade like Ovi and Mendo, they're trapped by they're buying blood. They're believe this in the bull market for America. Unless like Trump shook him off this weekend. By the way, that would change,
right? But they just got the news of the tariffs being paused and it's fucking 1046 PMAM Eastern Standard Time markets, markets been open one hour since this tariff has been paused. These guys are buying. As this before on the show, it's like when I when I said to my wife in 2020, December 2020, January 2021, we decided to build a position in Bitcoin and ETH. I was at euphoric on days like this because I got a cheaper
entry. Yeah. There's a wave of people who have made the decision in the last three months, like did they want to start buying Bitcoin? FAR Coins 900. A year time horizon and and if you're going to buy on a multi year time horizon then you love the red days. Oh my God. What is far coin at? It's about to I'm I'm asking my friend if he bought I I late yesterday night. I was like there is no downside to buying far coin at 6:50. I texted him that I just, I'm just praying he bought George.
If you listen to the show up to tell me he bought it. I that like I I just saw zero risk in my mind buying far coin last night at 6:50. Of course, there's never 0 risk, so I'm speaking in a little amplified, but you know what I mean, Risk. Risk when it's down 80% from a high. Dude, we got beat man. Then it wasn't 275. I shared my tweet.
Maybe it was a local top sign when I was screaming APEX as far as 275. I mean, dude, we were, we were wait, you and I were wait till euphoric at the top, dude. Like we were like we were losing their minds. I mean, that was like looking at crazy shit on mine, dude. So you know. Yeah, if we if you want, we can do a quick run down the news and then kind of get back to get back to a chat here. A little bit. This is just some wild price action. It's fun to watch it all live. Seoul is two O 9.
It was 190 around 8:00 AM central time. If Bitcoin gets back over, is is today 100K day? Yeah, bro, we're gonna tap on, OK? 3. Well I mean we could literally tap on OK in the next 5 minutes. It looks like it. Like you know whoever caught ETH The 2100 GGS bro. Yeah, 2728, so that's up a full 15%. Like you could have gotten a 2400 for sure last night. You could have gotten lower or if you were on certainly, but like anyone could have gotten into 24 what a market it's.
Just so funny. The good thing about bullposting 24/7 is I'm bullposting in 90K. I'm bullposting at one O 8 Ki don't give a fuck. I'm bullish 24/7. Hey, there is no, you know nothing stops the strain. In the words of Hunter Horsley, absolutely nothing stops the strain. It's so funny to me. Dude, yesterday we're at the computer seeing like fucking 178 Solana. Everyone's like slammed the by. What a cook. I wish I had more money in that
trading wallet. I don't have a Horsley post, I'm gonna see if I can find it. He had a really good he posted a thread effectively let. Me see when? Oh, wait, did we did we go through this on Friday's show? Maybe we did. So I don't want to. We don't need to repeat ourselves too deeply. But basically he, he compared the ETFs to oil tankers. He said that these things can't turn like speed boats. And historically, crypto and Bitcoin have traded like speed
boats. Now they're they're moving like oil tankers. And what he means by that is you can't just change bullish to to bearish on the tournament dime effectively. And that his point is like we'll see 15 to 30% drawdowns in a much longer grind up cycle. And I think we just saw another evidence of that. So Bitcoin 15% drawdown roughly when it hit 92. Now back to that, we'll see. I think it's a good reminder
that's just so aligned. I keep bringing this up because I think so many people still think that top is in or close and it's just that the, the ETF tanker is just getting started. Like a like how, how are you calling TOP? I just, I'll never understand that. I I know, I know, I know, I know. It's it's so funny. Oh, my God, Yeah, the market is hilarious, honestly. Market is absolutely hilarious. That is. Yeah, that is really funny.
I'm just looking at the markets right now like we're about to hit 100 count on the show. 994 Wow. Clockwork, dude, it's the same thing. We're like, live on the record. It's easy. People can't even say we don't say this because we're on the record. Five days a week. We have like, yeah. Ibiza Summer 25 is back on, boys. Thank you. Fart Coin. I love that. I love that. Oh, he did. Let's go. My boy bought Fart Coin last
night. Let's go, fuck yes, 'cause he texted me last night, like, dude, I'm really feeling. I'm like, this is where you buy. Like, I was like, oh, he's buying 'cause he loves to like this in his show. I'm like, yo, all the boys you listen to are buying right now. Like, you know what I mean? Everyone I know was buying yesterday that I consider somewhat smart traders. All right, what else did we miss?
Some big headlines here. A couple also like India announced it's reviewing its stance on crypto due to shifting. I saw that looks like that's they're the biggest country by population, fifth biggest by GDP. Grayscale filed for a DOGE ETF, which I do think that is big news for the meme coin market. And I think some folks have called, you know, forever top on memes. I don't know. I think my current view actually, if you pull up the meme here, let me see if I can get this to you.
Maybe we'll check out this for a second. It's been a decent amount of time thinking about the meme coins yesterday. Shocker. So basically if you zoom out like we had a huge parabola up on memes, Q 12024 pulled back for about 6 months, Autumn in September, started grinding up parabola up into December, and now we're going home. Where is you seeing this? I'm on the link. Go to that market cap chart. If you get rid of that, yeah, expand that and go to like the
all Yeah, so you can see. All right. This is a one year. There you go. So I, I, my wow, we're going to range a little bit, but I still think we go higher. I wish we had this in with bars, but yeah, this is nice. We you know what? We should also look at Tyler is the total 3 market cap. Yeah, because that's I think that could be a better because memes trade with alts, right Ish. Yeah. Ish. Maybe not. Maybe I'm wow. It's all like Eat is the big dog here.
So yeah. Did you see XRP yesterday? XRP got whacked a bit too. What do we think? Are we? Are we? This was this bottom tough to call bottom hall. You don't want to call it. I mean, if the tariff thing is off. If the tariff, yeah, no. But then like, it's also like, what's he going to do next week? Yeah. We're just. We'll get the thing. Yeah, we're in a Trump market now, so. Yeah, we're in this volatility.
It's hard to say, like it's something else going to come that drives us to 9288 K Bitcoin. Like we just saw how fast it can happen. So it's hard to sit up here and say like, oh, we're never going to go lower than we did yesterday. Yeah, no, no chance. But I, I think it's a pretty nice new bond. Wow. But also what happened like stocks aren't even down. So that's another thing. So like if something drives the stock market down 15 to 20%, we probably lower, right?
Well, maybe even more bullish last night is Mendel saw the futures open and he laughed. Remember. He was like -1 1/2 percent. He was like you guys are freaking out over point 1.5% move down like what? It really was wild. You had a couple other things
from the weekend. So Igloo, the the Pudge Penguin parent helped tease like a new lever to get institutional capital into Pingu, which some people interpreted as some kind of a Pingu ETF, which would certainly be a very interesting development if if indeed that comes to fruition. And then NFTS Sam Spratt debuted his masquerade. I shared a little bit of the details of this. So basically people who hold the skulls and the players, they're going to be able to attend this masquerade.
They'll get this mask NFT. They also can invite one of the person kicker, the master 2.56 ETH. Certainly not cheap in in this market, but you know if anyone can pull them off Sam, it is certainly up there. Definitely. These people can either invite a guest, they can collect it for themselves or release it to the public. Claim runs February 4th through 6th and the Masquerade will start from there.
We saw those players run up to a 90th floor ahead of this Wow, which is pretty damn big, right in this NFT market because we don't really see, we're not seeing a whole lot of action like the PF, PS are all down pretty bad. So that's going to be 1 to watch. It might fly under the radar just because of everything else happening. Of course. We're getting overshadowed right now. So that one's going to be interesting. That's, I mean that's the the main stuff.
Yeah, looks like we, we, I mean, we already talked about all of this good stuff. Oh, I mean prediction markets Cauchy good Grace with Robin huge. Huge man, that was like where I shared it. Hold on, that is massive. I mean cow sheep, you know, announcing that they're going to, you know, the first pressure market to launch a Robin Hood as a broker.
Thus, you know, that's going to bring a lot of liquidity into these prediction markets because there's a lot of pressure markets that need more the markets need liquidity, right and volume, and it can always be just inflated volumes or like market makers playing the game like you need more people play doing it. So so this is this is a big win for prediction markets. We're very excited. I mean, we, we actually have been exploring this exact model
forever. We've been building a, a proposal that's going to go out to exchanges so that people can like, you know, have access to production markets across different exchanges. So we've been actually like working on this for a few months now ready for the eventually when our, our USD markets launch. So should be good. We're very close this month still. So we're we're getting there. But it's exciting, man. Kaushi is what's good is what's funny is like Polymarket took the 0 to one right?
Clearly. But Kaushi seems to be trying to taking it like that one step further. You're pushing. Yeah, they're they're kind of eating the launch, launch, launch over like the poll market, like, you know, issues, I guess, you know, FBI rated the DI like they're kind of like they're being targeted because of the political stuff. But it seems like Kel, she's here to to really give him a run for their money and then then incomes myriad, you know, like those two people fighting me and
the other guy with the bong. Oh, that's a great meme. I'm going to post that. I'm going to I'm going to post that. I'm going to post. Yeah, thinking that. All right, well, look, that was a good. I think that was a good. I think we did a good recap. I'm glad we started a little earlier because we needed to talk about markets. That's at length. Yeah, it's definitely the same
playbook. It's true. Every Sunday's massive sell off, Someone just shared a thread, a chart under my under a show post. ANYWAYS, it's funny. All right, well, look, everyone, preserve your capital, stay smart. Don't just go all all into the market just because you know, you get excited about seeing Bitcoin above 100K later today.
Be smart about it because we're probably in a good smack back down to 92 K on Sunday anyways, so so we'll see what happens anyways with that with that with that, we'll see you tomorrow morning, 10:00 AM Eastern Standard Time for another episode of formal. We're on rug radio. Let's go.