Yo-yo, yo what up, what up? Good morning, good morning GMGM Friday, Friday Friday, Friday, Friday, Friday, February 7th Oh yeah 2025 look at that another beautiful day to have a beautiful day. I got my Co host in the house Tyler with the bulls head Mendo with the shirt. Good morning. How you guys doing today? I'm doing amazing. How are you? You like that shirt, huh? This one. Yeah, it's like your favorite shirt. I like it too. I like it. Navy's good on you. I can't wear Navy.
Navy's looks really bad on me. Oh, really? Yeah. Like that's why I don't have a Navy suit. But I got to get one done. Now I have no choice. You. Don't have a Navy suit? No I actually have like 8 different suits tailored to me and not one Navy one because I actually hate the color Navy. For me that is going to. Get into American politics. So, well, well, you know, This is why my tailor is coming over on Sunday. Yeah, we're, we're we're getting some Navy suits done for the
boy. I'm thinking like peak lapel, maybe some stripes. I'm not sure yet, you know. The bullmark you left really for you did it that JLP move. Now you're you're buying watches. You're fucking getting a new suit. Like the trenches were destroyed and faroque over here living his best life. Yeah, dude, I'm about to start tweeting like you didn't sell the top and on. I'm just kidding. I'm not him. Tyler, what's up, man? How you doing?
I'm good, it's the 1st morning seeing some green on the board we've had this week. How can we not be? It feels really good, until you zoom out really. For the memes that is, you know, it's like, yeah, my bag's up 25%. You zoom out, it's up. It's got like 3000% to go up to all time, right. Anyways, it's good though. It's good. It's good. You love to see that. I want to see some retweets. I want to see some shares. We're going to win a fucking Penguin today.
So I'm not putting punks again. I'm putting Penguins 5% probabilities. Like I'm just going to like full stack. Like just like Penguin wins to see if we can, we can we can hit a Penguin because I think it's tough to win a punk. So let's try and win at least a pudgy because that's another at last though, 30 dollars $30,000 Sorry, in the pockets of a of a lucky listener. Stay on the show market report as usual. Then what we have we have Tyler's top 1000 again.
Looks like you have a lot to talk about this morning. Then we have fucking OV pondering about Kanye West potential coin circulating market cap. This guy's you. You got to get him back on the show, man, though he's he's bored. He. Just deep down the rabbit hole, that's the thing. You got to get him, bro. You got to get we got bro. We got to get your ass back on FOMO hour. You're bored.
He's so funny, right? I love OB pondering I'm gonna sign on the stream yard link and then so we'll go through that a real bit dude, box spin again. We'll get someone winning some Lenny today. And last but not least, this
show is 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, Cvoki, Mike Tyson and the NBA, shaping together the future of engagement and also Fair Side. Every day we see people's wallets get drained. Fair Side is about to launch a fair alternative to insurance for crypto scams. Check out Fair Side Network on X. If you get drained, you won't
get wrecked. Mandu. Can you dig it? Yeah GM everyone so we also back Bitcoin is back at 99 K we. Had 100K this morning. Yeah, we had 100K, Solana is above 200, ETH is well ETH is AT2750. So I don't know is that is that the first time it's higher when bitcoins recrossed 100I? I don't actually don't know. The other does this count as a reclaim of 100 yet? Or does that like what's the threshold right? Is it most? Of those I think are on the way down.
We've been, we've been calling, we've been ticking them. Yeah, it didn't really hit 100. Like it was like a, it's like a, you know, like a, it was like a tap. It was like a little like. Bounced hard on actually. Look at that. It rejected 100 actually Mendo. But yeah, we are lower, you know. We are. Either way, we're a decent, more decent spot than we have been. It is, it is.
I mean, this is what everyone's saying on the timeline, but it's remarkable to see Bitcoin at 100K and the timeline in in shambles. Salon is at 200. Yeah, Ether's obviously down, but like those have been the two main assets I think for people to cycle. It's just been horrific in the in the trenches and we're seeing a bit of a bounce. AI agents are backed up to 7 billion, the mean coin market cap.
I haven't looked at it today, Tyler, but I guess we've probably added a couple, a few billion. Not even bro, we added like 500 million. Yeah, so. Oh. 1 billion. So. So we're back. We're back. Versus we're so back. That's up 6%. It was a 6 1/2 yesterday when I tweeted out again like Oh my, what the Hell's happened? So we're up 10% roughly from from there 10. I think it was even lower at some point. It was probably. A little. Oh yeah, no, it's fine. That's the other day when I was
like, what the fuck? Yeah. It's like a billion plus, Yeah. So, and I think people are thinking, you know, Farcorn is the one that's bounced the most here. Taiki through Bring up Taiki's YouTube page. Yes. Yeah, we should. I mean, to be honest, and I really like, I really like that guy. I think he's a really good, like he's a, he's a good person, right? Like he's a positive human. But it would be really funny if, if Farquine ran it back here. I would feel really bad for him, though.
All right, here it is. Just to most recent. Go to his video Videos latest There you go. So it's far coin will go parabolic far strategy bull case. Far coin is about to 10 round tripping my far coin and he sold. He sold. Over half. Of his bag over the weekend when? We oh, he still has some then he didn't fully out. He didn't, if you listen to it, he he, he doesn't say how much, but he still, he says he has some, but he says he yeah, that was his, that was his stop loss essentially.
He got in it seems like around 200 ish, which is when I was first looking at it as well. So he's obviously made money on the trade, but but it was 80% of his portfolio. He said so and I think obviously he was up a lot more. So he's he's kind of pretty annoyed it seems. I don't know if he bought it on the way up. I think he probably did Guessing. Yeah. He was 80%.
He had 80% of his port in far coin to be fair, which is what he said on this show on his on his podcast as soon as he opened it. Like that's, that's a lot. Well, he also meant his entire personality. Like, I'm not saying it was a bad trade. Like, of course, like that's too much, right? Like anyone would agree with that? Yeah. But no one forced you to make this your entire personality. I I think it's a bad move
personally. Just me, just to have all these videos where you say it's it's the trade of the year and then to sell the bottom. Never, ever make a corner. Person Murad would never. Murad would never. He's not Murad though, right? There's no, I don't think. But in the sense that he made a specific token, his personality kind of is right. Yeah. He's like the Marauder far coin, maybe. Look, I don't know, trying to defend Defender, I do. Yeah, I get you. So I like him and I speak to him
quite a lot. But I do think that that was he's just like set himself up for forget abuse. I mean we. Because if he sells the top then he's just like an asshole pump and dumper, right? So like. That's the dilemma of making a coin your personality right, Like this is, for example, why thread guy never sold his goat and now he's like fuck, and he saw take his videos like, wait, does that mean I can sell my goat? Yeah, dude, dude, listen to my stream with red guy the other day.
Mendo. Yeah, and he was like, did Mendo sell his goat? And I'm like, I don't I don't know, don't put me in the hot seat. He's like then Mendo leave me hanging with gold. I'm like, I I don't know about Mendo's bags. Low key. I do, well, not really all all of them, but I know he's heavy. GLP and Ray. Yeah, I still have some, but obviously I can't hold something down. I know, I know. I can't blame you. And he was like, did Mando? Did Mando's tell without talking?
Like dude, I fucking you can listen to the show everyday. Mando literally gives his fucking breakdown every morning on the show. Oh my. That's pretty clear when I did that move, which was after. You did. On any a coin and I moved everything too. To be fair, you pretty much give people your bags every day on the show. So. So you're pretty transparent. But yeah, so back to this point, never make a coin your personality in crypto if you have an audience, because it's
bound to go down. Oh, this is Bitcoin, man. You're fine. You don't worry about it. You can make Bitcoin your personality. But right, it's a tough one. Well, I think more more of a just going back to it. Like I think it feels as though fart coin looks the strongest weirdly now, although it's actually just back down to 520 now. I don't know, like I I said this to you for like there are rumours. Obviously Kanye West is having a meltdown at the moment on timeline, but there are rumours
that he might issue a well. He tweeted it out himself, like something about a token. If he issues a coin, I don't know what happens to those coins. Do you know what I mean? Like it's decimated on the right. What's going to happen? I was getting bullish on them today and I was like, oh, maybe I should buy some mean for what we're talking about. It's like, but it's so tough because that happens like.
I wanted to buy meme coins until the CUNY thing and I'm like what Like it's Shabbat tonight, he's going to drop a token. He's going to decimate everything again. Like people don't care about his anti-Semitic remarks and everything. Like let's be honest, like people in the trenches will still buy them the the top one, right? I think they do I I, as I said to you before, I think that coin is something you want to own
very low down. But if he continues with what he's talking like that coin is going to get decimated, I reckon. But I also think estimated on celebrity coins. Like we obviously had the Hulk tourist thing yesterday And and then everyone's just saying like, I'm not going to buy another celebrity one. Even Trump, right, Trump, Trump is going down from 75 all the way down to what? Look at Trump. 1750. Right. So like it's not like it you want to own on that first wake up.
And I, I feel like right now I don't know how big time his first wake will be. Oh wow, all these trades are done like it's you guys noticed. I don't know something to say, but like it's all the same patterns on every coin that has launched last two weeks. Every single coin has one wake up people FOMO second wake up, dump it when it gets a little crazy, and then it just goes straight down like this.
This exact pattern is the same. I could pull up every coin launched in the last 14 days and they all look the same. It's like very interesting to see. And that's why I keep saying like sometimes the trade is missed. And that's how I feel about a lot of these coins. I think the best trades are from corns that are not launched yet. What do you think, Tyler? I know you had something to say about what Mendo's talking
about. I don't know, like I feel less concerned about Kanye coin than I would have a couple weeks ago. I feel like we're clearly in the like descending roller coaster loops and like people now know like the upside is capped. Like if you get it, like if you get in on a Kanye coin at 100 million, it's probably a good buy. But like look at that in neuron coin that that was an in neuron coin. That wasn't even a Kanye coin. It was at 600 million in 10 minutes. 20 minutes, that's
what's going. To happen. If Kanye goes to a billion in 10 minutes, are you buying it at a billion? My dumb ass. I'm kidding. No, I wouldn't buy it at a billion. It depends. It depends what it is. If it's a heel pump font, no. If it's a properly launched token that like Trump's was in a pump. Fun, right? Maybe smaller size, but no. Technically no. No like. Like I'm not, I'm not selling my bags to chase a Kanye coin in. A bill? No, no, definitely not. What's the upside there?
Maybe A2 to 3X and you have 90% downside. That's what I, I, I, we were talking about quite a lot of the chat. Have you just done this as well? Like on a day that he's releasing an album and like, Oh yeah, maybe this is like a redemption arc sort of thing, but it's it's not really like. I mean, he's literally tweeting that he hates Jews at the same time. So it really doesn't help the IT really doesn't help the case. What's one tweet? Just OK, yeah, don't problem
learn this. Yeah. Like so I think, but I do think the bags will still get crushed. But I do think I, I genuinely think that. So that's what you do, right? You stabled up ahead of a coin like like that, you know, is launching. It's you're supposed to play chess, right? So you, you, you keep some money on the side. He drops his coin, you buy the dump on the coins that you like.
Is that a better move? I think that's what people will do. Like they might not even buy his coin, but they might be like they expect other people too so they'll sell their coin. Every zoomer on in the planet will buy the kind of coin. No, I'm not sure even look at the comments under Obie's, Obie's post, right? Like, I don't think this is. I think you're probably under estimating that. Like this is quite. AII genuinely think that we are surrounded by, I can't use the
hard word, by redacted people. Yeah, no, we live, we live in an asylum like we operate in an asylum. Like I think people will put put all morals aside when it comes to token. Like genuinely think that. So Trump's coin right now, current market cap is 3 1/2 billion. Yes, but. It's not passing that you your best, your best take this week, Mando was this was that we are forgetting the ceiling on these meme coins now in Solana because Trump was 70 billion.
And so the ceiling was 70 billion for a hot 2nd 30 billion for quite a while. Actually, we are forgetting that the ceiling is way lower now for meme corns on soul. So I think that was and even on ETH, Pepe is down 75% from the highest. So that was like a really good take. I think like people are just underestimating, overestimating meme corns now, yeah. I kind of think that's that's that's kind of one of my main takeaways even now, like even buying Falkland, if it does a 2X
right, it would with is at 7:50. So it would like comfortably flip with and it would probably go it would go into third place just behind Bonk. So like the the road to a billion, this is not really the road and you can see it from the trend. Well like the 10 million is the new 100I rarely see new coins running at the moment. There's nothing running. What do you guys think that is? I mean, Tyler, you spend quite a bit of time in the trenches. Like what? You know, you're trading daily.
Like what? Do you just total reset capitulation over the weekend? Yeah. I think it it makes sense to kind of pull up that chart I sent just to talk about kind of yeah. Let's talk about it. But in the trenches, I think people are out. Like I'm not even looking like if you sent me, it's like going to be a total banger. And you maybe like you have a real thesis behind it.
Maybe I'll, I'll get the Ledger out, but like I'm not even looking, not even spending time thinking about it right now and, and it feels like that's kind of everyone's mindset. I was actually shocked by the number of coins still launching on pump. So clearly there are syndicates who are still launching hundreds of coins per day because. The numbers. Down that much, but like nothing is wrong. Like if you look at the Solana board like there are no new coins.
But anyway, so I, I saw this tweet yesterday and it was kind of enlightening for me. And I'm wrong a lot, right? But I kind of had this like the light bulb went off that I think we're in the anger phase of this meme coin and AI cycle. I think we have to separate where Bitcoin and majors are from where some of the local meadows are this local AI and meme meta. I think we just totally speed
run this and we're at anger. I think we had capitulation this past Saturday. We saw a capitulation rebound Monday, Tuesday and then everything went lower and like every chart looks basically exactly like this. It's true. And new lows and we're now we're starting to see the rebound. But like AI16, ZS up 40% today, part coins up 20% now. So what were you were here, Paul? Then we're probably going to bleed again, like the next time Bitcoin revisits range lows,
right? It's just a matter of time. It's like for me, like, OK, how long are we in anger disbelief until the next wave runs? And I'm not saying this that all of our coins are going to be shaped back up because like that that's definitely not the case. I think some will and then like the new meta will come in. But I don't know is this was this wild? We were talking this yesterday, man. I'm just like it was shocking how fast this all happened and like we really speed run.
Euphoria was Trump Friday, Sunday. Monday was euphoria. That was complete euphoria like pre inauguration day. We got complacency that week and then in 10 days. Damn this is true. Fuck I'm matching it to my emotions. But just meme coins not majors right? You're talking just meme coins. Just the record here. This. Wow this. You're running me back through this actually makes like I'm running back how I felt myself emotionally. I was euphoric on Trump, complacent the week of the
inauguration. Even if you look at my tweets like, ah, it's getting inaugurated. No, no, no, no. But personally, like I, I, I can't skip this part thanks to JLP. But if I was in memes, I'd definitely be going through this period and I'd be fucking angry today. So thankfully I saved like I guess we it's kind of saved here, but this makes sense. There's a lot of anger on
timeline right now. Like usually when you see a lot of people blaming people, like I know that the whole blame for oak thing Antonio was a joke, but like it's real. And so this time it was like Frank and and those guys like they're getting decimated on the time. I was like there's a lot of anger like, but it's like a it's more than anger. Like when it gets aggressive, guys, is when you know and it's getting a little aggressive.
The pitchforks are out. Yeah, they're really out for Mirage. Mirad, Frank. TG banks people would like hang Murat in the in the public square right now. If they could that that's that's the I'm I'm I'm that's that's my reading. I would, I like Murat and like, I, I would offend them. Like I actually think if you look at his numbers. He's good. Paul's all those coins. Are right? Hey pop cat got spot Coinbase?
I mean it's not looking good but it got it got it's listed spot on Coinbase. He's got 3 coins on Coinbase now. No SPX. Is this based on Coinbase? Anyways, people are angry. I think that match is. Oh God fuck even Coinbase can't save a coin now. Like it's crazy. Like look at the Coinbase pump, didn't even see it. Wow, look at this. Yeah, it's wild. It's wild out there. I I agree with you. It does feel like anger on the time. And I I thought that yesterday I thought that a lot of the
weekend and I thought it a lot. And then yesterday, obviously with the whole. Hop to a podcast as well, OK. It just feels like. That's funny. Let's go see that. There's there's easy ammo at the moment. That was hilarious. Good vibe memes, you know I earned to being a meme account that is. I would say that at the Pookie one like Pookie has three, Pookie ones has $300.00 back. Did you see that segment in the podcast? Like Pookie, you guys know what I'm talking about.
I watched the podcast. I didn't watch the podcast, it's a viral clip. Oh, really? OK. So Pookie is her boyfriend. And then she was like and then bags goes like how's Pookie doing? And then and then goes she goes well Pookie lost money. Pookie wants her $300.00 back. I quite like that. It was so funny, bro. Oh my God. Yeah, yeah, yeah. It's, it's getting aggressed. It's it's giving me like early 2022. Let's like find Faro can like kill his entire family vibes. Yeah.
And we went through that, by the way. Pauli Pauli's wanted for. Yeah, but we we have to hold on, Hold on. We have to talk about this. I mean, the hold on that was like left field. Like I totally forgot about like the whole like Polly thing. And if you were around 2021, you remember the whole like for old Polly stuff. But I marked the top on Polly when I crashed out in Singapore. But so Polly apparently is a top 10 most wanted person in Puerto Rico.
This is real as well. Like there's a video. This young darn guy posted it. There's a full video around it. Yeah, there's a video like. Where they like say his name and there's like a full description of what he did. Jeremy Kahen. Kahen. He is literally wanted in Puerto Rico guys. Top ten beat someone, apparently. I thought the last thing we heard from Paulie was him getting beaten up. But then he did get like Jacks, I thought, or something out of that.
It, it appears like he assaulted someone. Like apparently he smashed someone's head on the cement, cement or something, like, I don't know, but apparently he beat someone up. Were you around doing the whole police stuff, Tyler? You were. Oh yeah, I'm familiar. Like he was part of the reason why I didn't get into the Pepe trade. Yeah, that you and a lot of people actually. I really didn't like him and it felt like it was kind of tied to
him. Yeah, at first, definitely there was like there was definitely something going on at first. So anyways, so so Paul is wanted in other news in Puerto Rico's. I thought that was funny, but can we just talk about this Gordon Garner quote tweet that I want to go to Tyler's but this is like insane. Have you guys seen this? Yeah, I like. That they dealt with the huge brunt of it, right, with the lawsuit. And folks may not remember that it cost them a lot. Yeah. That was a whole thing.
Anyways, I thought that was funny. Anyways, Tyler, let's go to. Your your Tyler. Before we pivot, I think Stats Stats had something he wanted to to come up and share about our conversation. The legend. What's up, dudes? I got nothing super, nothing super pressing. Just the last time I was on the show I said Tyler Farooq. I was talking to guys, I said I wonder if these AI coins can have a rebound 'cause they're attention assets and I got DMS
talking about how mid curve. I are you here for victory lap? I got DMS, I got DMS from people saying you're so mid curve I just added more 'cause of your boomer ass takes. It's true, you got dunk talk. They were fucking ruthless to you. Yeah and it's not a victory lap, it's it's not a big deal but people in my DM saying you
boomer and your mid curve takes. I just bought more of my chat bots so. I I can't even question this this maybe next time like someone comes on the show and you guys hate on him, it's time to sell everything because I do remember the takes on the timeline of people decimating you. Like they were tagging us like fuck this guy. Stupid boomer doesn't know what he's talking about and everything dumped like 80% after that. So usually that's a good thing.
While we're on the top in this good tiles topics, I do want to clear something out because yesterday. Shout out to block news, though give vlognews.com a big shout out here because they've been clipping our our show a lot since a couple of days. They've been doing a lot of threat guy clips, JK, everything. So shout out to them for actually clipping boomer clips from the show, because you know, once you pass 30 years old, like, you're a boomer, right? And so, oh. Isn't it? This is like.
We are a boomer show. This is the LA. Cabal if it was if it was 10 years, so the. DCA pod is like geriatric work. We're like like growl pal, DCA pod geriatric like let's take you to bed and grandpa right. But but and by the way, they're incredible shows, incredible podcast. I don't listen, but I don't think you guys get good insight. And then and then us, we're like what, like what? What would be our cabal name? Like what's LA vape cabal? What will we be, Manda?
Like what's like our shit? JLP Maxis, you know the. JLP the Jew JLP. But we have to find different like words for all of them. Like, you know, let's find grog. Like find US good words to fit the JLP acronym. Big A Hell, let's put it that way. Acronym Yeah, The Jolly Little Penguin Jazz Love piece, Jungle Leave party, Juicy Lemon Pie, Java Learning Program. And pie. Jump start Literacy project.
Jellyfish love parade, you know. Anyways, the code today for Robit is Boomer. So rafflebot dot XYZ, rafflebot dot XYZ, the code is Boomer. If you want to win a pudgy Penguin. I just said the Penguins a 5% chance to win per Penguin. So you're probably going to win a Penguin today. I mean, it would be nice. And with that, Tyler, let's see what you got for us. Top headline today, we'll give it to Trump media.
We, we broke the story yesterday, but now we got the official news Made in America ETFs, Bitcoin plus ETFs, they filed for them. Those are coming. We had the SEC acknowledge an amendment to the Solana ETF. It looks like the Solana ETF is coming. Several spot XRP ripple ETF applications filed yesterday. Those are coming as well. We saw US congressman introduce the NFT act to designate some NFTS as non securities. So NFTS catching some love. We had Iowa introduce a Bitcoin
strategic reserve bill. Utah passed its own bill in the house now, so Utah is pushing along. I think over 1/3 of the United States now have bills for Bitcoin strategic reserves. So it's really adding up. We saw a stable coin supply hit a new all time high yesterday and then Ethereum gas fees fell below one way, the sign of a Unchained activity. Dipping a bit in tokens,
protocols and AirDrop news. Bear chain launched its token in mainnet Beara briefly ran to 14 back at 775 here after one full day of trading. Story protocol introduced its IP token and tokenomics for its peer-to-peer IPL one this morning. Phantom launched multi currency support, also flipped Ethereum 24 hour revenue. So big day for Phantom and AI. There's actually quite a bit. The market's up a touch, but the teams are all cooking virtuals.
The Virtuals team met with the XAI team and XHQ to talk about AI and crypto. We had ARC introduced their new rig on Chain kit to help anyone create their own AI on Chain Copilot. We had the Accelerate announced partnership with Virtuals to incubate teams. The virtual team is going to give them 50K grants to the select teams. Those teams will give tokens back to the Accelerate Dow avalanche.
This Go go kite AI team launched the first AI focused L1 powered by proof of attributed intelligence. The the the new POAI model abstract integrated pop hat. So abstracts getting deeper near protocol introduced a $20 million AI agent fund. And yeah, so those are the major headlines there. Quite, quite a bit. Actually, there is quite a bit. Let's start with the AI stuff since we're on it. We got a little bit of founder
beef too on a couple posts here. Looks like, Looks like the Griffin founders wants to come on. We were meant to have the Arc founders on too. I know that Griffin found out some words under your tweet saying that they've been doing it. So why don't we, why don't we talk about the Arcs? Just quickly though, because I, I forgot to finish my point earlier, There was a 14 second clip that was posted of me yesterday seeming like dunking on the whole thing, saying that
nothing has utility. What I was saying is it's not that nothing has utilities, that we're not using the tools. So therefore they lost their memetic values and now we're looking at the face value of them from utility and we're like, it's not worth half a billion dollars. That's what I'm trying to say. That doesn't mean that if you're building something, yeah, it's worthless, but it means that maybe, just maybe it's not worth half a billion dollars.
That's all I was trying to say. And so there was a lot of angry people saying Farouq hasn't used my tool, therefore he's not looking at it and he's not paid to look at it. I was never paid to talk about any of the AI shit, by the way. And I still only bought Far Coin for one reason, because it heart air rises and I find it funny, but I just want people to know. And also, just because you have a tool, it doesn't mean it's
worth $100 million. Take it from someone building a company where we're still having trouble with valuations, with everything that we actually own and generating actual millions of dollars of revenue. So I think it was Miss, Miss Mistaken in that sense with that block news shot to you again, Tyler, take us through the ARC news. Yeah, some pretty big news. Out out of Arc yesterday they announced the Rig on Chain kit. It is a tool kit to enable AI agent on chain actions on Solana plus EVN.
So they are going multi chain. The kicker here is they are enabled via chat bots. So they've effectively paired an LLM with their tool kit. You can do things like balance checks, swaps, transfers, contract calls all via natural
language commands. So for example, you can tell a salon an agent built with his kit to swap one sold a fart coin and then you'll be able to watch it walk through the processing steps of going to Jupiter, doing the actual swap, signing the the the message in the wallet and you'll be able to see it all. Do that to get a little bit more of a feel, perhaps trust for the agent actually executing the task.
Again, multi chain sports Privy and there's it enables tool macros to be built on top of it. That's just a surface view. I definitely want to get deeper into it. If we can get Tashi on our show. Tashi is Co founder of Ark. It feels like a a big headline. I think people in my comments said that Griffane has already had this. I thought Griffane was just a tool in itself. This news to me felt like this is enabling anyone to kind of go build this, this this series of of copilots.
So they could all be be different. Maybe I'm naive. I'm naive about a lot of things. I'm wrong about a lot of things. Like this is the kind of development that I feel like is a big deal, right? And like, and you can say that reply guy AI agent chat bots are slop. And I would agree with you. Those are a dime a dozen. This doesn't look like slop. Though but like. Tech that will enable us to like, if you think AI is the future and we'll be using AI tools. Like you have to think this is.
Where we are going to get right, I think the big issue to overcome right now is trust. Like I don't in this infancy stage, I don't trust an AI agent to swap soul for part coin for me. Yeah, but. Probably be there. I don't know if it's three months, six months, nine months, 12 months. I mean, you're going to have assistance. For everything, right? Yeah. Well, Sam, actually I'd love to take on this like you are an AI
power user. You said you you chat with ChatGPT more then you do a lot of your friends. Like I know, I know you're not doing you're not like deep in the trenches, but like would you see yourself using a chat bot to perform on chain actions for you? I think it's just got. So established and trusted. You know, it's like we, we get scammed so much. People get scammed so much in this space. The minute you get scammed, the entire timeline talks about how stupid you are. You get no empathy.
So I think like, I just think like with products in this space, you need so much validation before you want to touch them. But yeah, I mean, if if it like gets validation and it becomes kind of accepted in the space, sure. I, I think one of the issues though, is exactly what Faroque said is like, you know, I'm, I'm originally from finance and then I was in Silicon Valley for
eight years. Like the, the amount of kind of proof of concept you need to get like a $500 million valuation is so much like these numbers are so high that the minute you start trying to anchor, like, whereas in crypto things pump to 500 million, a billion because of the dream, because of the FOMO, because of like the narrative. But the minute you start anchoring that in real world products, I think it actually gets a lot harder because real
world products have problems. Real world products can't, you know, take a long time to validate. Real world products often don't make money. Like there's so many issues with real world products that like in crypto, like the dream, the vision. I always use the Clonex example, like you were kind of OK, like paying. That's a good example. For an NFT. The minute they start sending you shoes, you're like, wait a second, like I just bought shoes for 250 bucks. Like why do I need a $60,000 NFT
for this, you know? And the whole thing starts coming undone. You know, I almost feel like, like crypto products almost do better if they just stay within the imagination. Well, that's a meme. That's true. Right, like everything does well until the product is actually fucking launched. Like there's a part of me sometimes I wishes we never launched Miri. I should have dropped the fucking token running up to a billion dollars. Never launched production market.
I'm just kidding, of course, because I actually value product over over that and that and that goes to the conversation that Kobe was having yesterday with bankless guy Hoffman saying every single AirDrop gets hated on. And Kobe was like, no, maybe just focus on launching an actual fucking product, like proper product and then that people use and love and then drop the token and people are going to appreciate the token, man. What do you think about all this?
What about the AirDrop? Matter the AirDrop meta. But also like everything we're talking about regarding like, you know, product launches, valuations, all that good stuff, I do think. We're we're now moving closer to the world where you utility might not be a like that bad a word. Just because I think you can have regulation in the US, you can have more, I don't know,
equity like tokens. I think at least under clearer regulation, whether they're securities or not, you're going to get clearer regulation about what people can and can't do. So there are you can create like a web three business where some of the revenue goes back to the token. And I think that was kind of the aim for some of the successful coins right now, like which ones I've been mentioning in Defy Hyper Liquid. Like is is hyper Liquid a utility coin? Yeah, I think, I think it is.
And it and it's working. And so is radium. So is Jupiter, we just said. And that that that could extend into AI for sure. And other things I do think it probably makes sense to. Yeah. To lead with the product a bit more, Yeah, most get people using. It and then, you know, I don't know, it feels like yeah. Sorry, go ahead. Sorry. It's just that some of. The most successful projects in crypto haven't released tokens
yet, right? And maybe they never will, but like, there's something to be said about that. POM phone doesn't have a token yet. Or you may never have one. Photon doesn't have a. Token but like Photon doesn't have. Phantom Phantom itself, the wall, which is arguably the most successful product. These are all some of. Ted, see. Heather has a token. But good. Point, though.
That's a good point, Heather. That doesn't have a token other than USDT, but it doesn't have like some revenue like the the most, the biggest. If you go down the list of the the highest revenue generating protocols in crypto, Polymarket doesn't have a token. Only 50% of them have tokens. And. Most of the L ones. Yeah, I think you got to get. People actually using the thing because then it will make them want to use the product anyway.
Speaking of that, people have been using Vera Chain for a long time. Tyler, how's that going? It's it's an interesting. Launch came out, did very well early on shots of 14. I think what the issue was there were some delays and people being able to like bridge their NFTS to bear chain. So if you wanted to 6.9% of the AirDrop went to the Barra NFTS. And also shout out like I think rug radio shared the stat. I don't know who who found it originally. The Bear Chain OGNFT became the
most successful NFT of all time. From from point O69. 8 to $2,000,000 Yeah, yeah, yeah. It was legendary. Hold on, let me. Yeah, he quoted Legendary. Where is it? There you go. That's a pretty incredible. Accomplishment so that they definitely pulled off a pretty incredible Ponzi there with the with the NFTS. There was some Fuds circulating yesterday and grant ticket, some of it with a grain of salt from the people it was coming from that effectively the the locked
tokens were able to be staked. And the way some of the staking mechanisms work, like you can earn tokens that you could effectively swap and sell so that perhaps from the locked tokens actually could be sold. I don't have the full details there, but that was I think something that hurt some of the price action early on. I think the one of the founders kind of came out and explained it. That put in a temporary bottom at 7. It bounced about 10 to 20% off of that.
I saw CBB went long like 500 K at the bottom. So, so clearly he knew that was coming. So that so that was a good trade. Now I think it's just a question of who is, are they going to be able to track users? It's like who is going to bear a chain? What are they going to do there? I think that's a pretty big question. I think that's a huge, that's the question that every L2, every L1 has to answer, right? Because the market would be, this is not the the bear market by any means.
And like, I'm still trying to wrap my head around like, what is there to do in Barra? Like to me, it's like a lot of Defy. It's a lot of Defy games, which isn't really my specialty in general. Like I'm not. It's like we we've like NFTS and meme coins don't really do well in these new chains for the most part. Like they're not doing well on like this is going to like it's impossible to do well on other chains. I think it always rolls back to
soul. Man, like honestly, I think like bear chain comes takes attention from soul, then goes to people go back to Solana, then Monad will do that Maggie ETH will do that, you name it. What does that? I think the casino will always be sold. I'm just curious again, I think you're right, D5 products maybe like maybe it'll be like actual different products. But what have you guys seen that I haven't done the research enough yet. I need to do it.
But this is actually why bong bears are the first collection to be more profitable than apes. If you minted the bong bear for point O69 ETH, you receive 1 bond bear, 1-2 Boo bears, four baby bears, 8 bands bears, and 16 bit bears. Total worth is $2,000,000. Damn not. Bad. Not bad.
Yeah. It's I, I, I'm actually curious like you guys, man, did you see anything on Barrow or, or stats that you guys that you guys are pretty involved in crypto or you guys just been, we're pretty busy, all of us. So it's tough, but honestly, I've been kind of shocked. That bearer has has stayed as strong as it has after because bearer to me I mean. It's an. It's kind of. Just an like, it's a Cosmos chain, right? It's not like a Cosmos chain. Yeah, it. Didn't exactly do anything that.
Crazy here from the tech side. So to me it felt very similar to like a blast. You know like the vibes are really really good until the air drop and then and then it's got incredible branding. Let. Me put it that way right, But what I mean is like. After the failure of those sort of styles of chains, I just didn't I I've been surprised at how strong, strong it stayed. But let's see. Like maybe it keeps it up. Yeah, I think. It's I think it was a good
strategy. To launch the token originally like 'cause the minute you start launching these products, people start flooding it, you know, and you start having to deal with data, you start having to make sure your numbers are high, you start getting compared to they all that shit.
But if you launch a token when the dream's still real, like I, I think like, and I think we're seeing a little bit of the opposite with abstract where, you know, if if they had launched the abstract token day of, I think there would have been a lot more FOMO that goes into it. And I worry that as people, you know, hopefully the product like gains traction and that narrative gets gets sorted out. But I think the way that Barrett did it was kind of interesting
for, for token holders. The thing is like to move money to something new and get familiar with the new ecosystem. It just takes so much like it's just a big barrier to entry. Like it just, you got to, you got to feel like you know what you're doing. You got to worry you're not going to make a mistake. And it just for me at least, like doing that on day one. I want to do it. I added it to my wallet and stuff like that. I just haven't taken the steps yet.
So that's kind of I, I would like to go in there and figure out what it what it takes to actually interesting stuff though. But. This just goes to show you like. If you're a participant, there's always somewhere to make money. Go ahead, Tyler. I think that would be my message. To someone launching a new L1L2 is how do you overcome the barred entry? For those who haven't been following your ecosystem, this is true. Not be. Overwhelmed at the. Start and actually I, I, I do like abstract.
It's kind of the opposite because it feels like there, it's there's not maybe like 100 different things to do Like they've got the, the key apps kind of highlighted up front. But like I, I sent you a tweet of this bear chain ecosystem. Yeah, on this page. And that's great. Like it's a bustling ecosystem, but I look at that and go like, Oh my God, I don't know where to start. I'm going to be the ex liquidity to the sharps who've been grinding this for two years. And I'm the fish in this
scenario. So I'm probably just going to stay on the sidelines unless I get an overwhelming reason to to dive in. And I think that's the problem that everyone has to solve right now. Yeah, this is there's. Like, I would love to have some. Why don't we just have 1 Smokey on the show, Yeah? Let's just have the founder on the show. What? To do, yeah. Honestly like. Let's just have the founder on
the show. I me like I only had positive things to say Barbera when it came out the yesterday because it's like, I want wins in the space. Yeah, I like like, you know, like it's PVE. We all are very PVE people. So it's like you want you want dubs, you know, and you want you want that. I would love to have Smokey on a eyebrow is tweeting like dude, tag him, get him. I I would love I'll ask Soby. I think soby is invested in Vera chain.
I I would actually love to have Smokey on the show, given that it's like very topical. So if he wants to come on, would love to have him on it. Anyways, Tyler, what else is going on in this world of crypto? Let's see, I mean. That was definitely a big one. We got the tokenomics from the story protocol. I think the big open question there is who all like they're going to reward, Are they going to reach out to Kaido users? They are right. I saw a tweet about.
That oh, is that confirmed? I don't know. I saw a tweet. Up but I read it. I was like scrolling my timeline so I saw something from Wally saying Kaido eating again or some shit. Kaido grind is real. Stats. He's studying it. He's studying the model. I'm like cooking, you guys, I. Ain't even trying, you're cooking. Me, I've got bone to. Pick with this algo it's hard. It's. Getting harder and harder. To to run up this this leaderboard I think people are reading too much into.
It I saw this. So there's a new thing, guys. Amanda, you're going to love this one. So it's not 33. It's reply, reply. Yeah. So Mull fuckers are starting group chats to reply to. You know when I used to do this 15 years ago, we had Telegram groups on Instagram and they were called shout for shouts and we used to like I shout you out, you shout me out on my Instagram page and we grow and to me this will always make me laugh guys because the.
The social media. Game never changed like the grind 15 years later and I'm probably you can check backtrack like my my past and social media. I was like 14 years old. I was doing shit like it was always the same thing on Tumblr, actually from Tumblr. We used to do like reblog for reblog like you know what I mean? And now you have my fucking thing. Yeah, for yeah. Like it just makes you laugh. Like the game never changes, man, and the game will always stay the same.
Or in my 15 years doing this, I have remained somewhat relevant in my entire life or had a business and I've seen 99% like meme coins evaporate because they try too hard thing the secrets. Just having good original content like OS4 here. Like you know, we participate in the whole yapping team for fun. But like, you know Tyler is the news guy, right? He's got his news. He breaks shit down for people to understand, like stats. He's got a statistics and everything.
Like he's the guy you want to go to if you want to know how much a blast goes is going to be worth. And then you got and then you got of course, like you're being part of me, Manico, like you're kind of the guy there. And then Mando, he's got his minutes. He's got like he's got a good takes on the market and stuff. And me just I just, I'm just me. And so I think just like by by being yourself, probably as a creator, like the easiest way to go about it, right? I think that's the key.
It's like having. Distribution in the space is so valuable. It's so powerful. It is. And. And people, the minute you start looking like someone who is trying to use that distribution for your own gain, you know, you start to lose people and then you're giving up your long term asset for short term gain. And I think that's never a good
strategy. Like yesterday I did post about I I went on to Yaps or I went on to Kaido and I saw that Cyrus was in like 15th place and he had only posted once exactly So I will. Tweet that I'll. Be like, and that is probably a yap friendly thing to tweet about because they do seem to like that. But the reason I tweeted it is because I was actually in my head like what the fuck? How does this guy have top 20 with just one post? And that's interesting for my
followers. So I will tweet that even though it it's a little yap friendly because I actually think that is an interesting thing for my followers to know about. You're #8 right now, dude. Let's go. But the minute you start. Saying things like, how does yaps work? Like, can you yap? Like I think you just start losing people, you start sacrificing like kind of your most important thing, which is the trust of your audience. You got to speak from the hip.
You know the other. Day I was saying I'm tired of tweeting and entirely bro I played you bang. I got 100,000 views on a tweet. Let's go. Played. You. Don't worry, I'm I'm holding my. Brian Johnson interview back for Monday for you guys for my fantasy holders play for Oak. Next week in fantasy. I'm not worried about fantasy for sure. Dude I'm like for some reason I like at 8:00 AM on Mondays I just start tweeting a lot because I'm like my my card holders believe in me.
I want to help the believers. Even though I get no financial benefit I still do want to look out for them. But I can only do it for like 4 hours then yesterday's show winner makes. A good point here saying that's exactly why we'll have it all all season. Human greed is also not changing. Let's talk about this for one second. Mando, I'm going to hear you. Are we getting this alt season or not? Because I've seen a very good take. As long as human greed exists,
there would be an alt season. And I think it's a very good take, I think, I think. You can't see what's happened with Pump Fun and believe like we're going to get a broad based alt season. I just think that's the main thing that people are missing is like we have 10,000 coins a day or like 5 thousands of coins a day. It's just, it's so, so difficult to be like, oh, Bitcoin dominance is going to go down. Bitcoin dominance is really just, it's really just a ETH versus Bitcoin and maybe XRP
thing at the moment. Like I think we couldn't, we can very easily see AI coins go up higher. But is that an altcoin season by what a lot of people would call that? I don't know. I'm, I'm never taking another view that Bitcoin dominance is going to go down. Now I think that AI coins can bounce a decent amount. I think it's probably got one of the best bets or best stories in altcoins still.
I don't know why, apart from maybe some of these like revenue producing D5 coins and then meme coins as well. Like I do think some of them will come back. But generally when I've seen stuff like this happen like a big frothy bit of the market comes down, everyone gets
wrecked. It does take a little bit of time, like it takes think about NFTS, right, Like the January, if this is like you compare this to May 2021, you need a little bit of like healing time and the stuff that might run might not be the stuff that was the previous runner. Yeah. Like greed never goes away, but. Fear never goes away too, you know, And it, it's like people don't want to lose their own money.
And I think that there is a cycle here where if your most recent memories, like people's memories of NFTS still are of losing money, like, so it becomes very hard for things to pump. And if people's most recent memory of, of meme coins is losing money, like, yeah, it's, this is just like the nature of cycles, you know? And then we get a lull and then suddenly portal goes to 500
million. Everyone's like, holy shit, it's back and you know, and you get a a year of people wanting to to pile in or virtuals goes to 3 billion in in three months and everyone says, holy shit, like I need to get on the next one. I can't miss that. So like the the casino's going nowhere. We know that. But I think like we are in a period right now where people's most recent memories are of pain, not of gain, you know? And I think like it. Like, that's really the driver.
Pain coded. Pain coded. Meme land man. Where's our pain tokens? I mean the you. Know the team's advising those guys and they're they're working hard in the background. Man, I can't even get a hold of my own team because people are so busy trying to advise those guys figure out how to get this thing done right, you know, and I think I think like that. That's what I will say about about the team.
The team wants to do stuff right, like, and you want to figure out how the coin does well, how you don't get a bunch of it's not going to be a weekend. Surprise token, right? I mean there. Are all sorts of questions, but I think like when when we talk to the people who've kind of been behind the scenes here, it feels like snipers, like there's a whole industry of snipers. Oh yeah. If you look at what happened to Haktua, like we don't even know who dumped.
Like it could have been snipers who like there's an industry of people who are not on the inside who are figuring out how do you find that exact first block by and then pump it all the way up the curve and then dump. And it happened with Enron as well. And it gets immediately pinned on the insiders, but you also have this external industry that is like making millions of dollars doing this dumping. And then everyone blames the insiders, but it's actually the
snipers. So I think like so much of the key here and what happened like with Enron is you had, I mean, I don't know anything about Enron, but I know that it got massively sniped in the beginning on that first block run up to 700 million. They dumped massively, it dumped 70% and then it's kind of game over, you know, and it may not even been the team. And everyone says the team scammer. So it it's a dangerous space where you got to figure out how to get that right.
So the team's like really working on that right now. Yeah. Love to, love to. Hear it, Listen, it's 1058. I think we've gone around the block. Unless I miss something.