Hey everyone, I guess I'm going to host it. I just love how you just like you're just you're just so gormless. I thought you would because you it was like over your audio. You would you would say, Hey everyone, but. Oh, is that? Oh, is that is that? Is that I don't know. I guess it should have been me. I I wasn't there. But yeah. Welcome everyone to another sort of two British guys awkwardly on a space.
It is today's host, myself and OSF, Farouk and the gang are in Dubai and see increasingly better weather photos coming out of Dubai. Lots of pool parties. Cowley, who is a occasional Co host of this show, is at his first pool party ever, he says and doesn't look like he's enjoying it that much if I'm honest. But yeah, we'll be, we'll be covering all the crypto stuff while they're what everyone else is having a good time.
It finally feels like we're having a slightly better day, so maybe we can we can all breathe a collective sigh of relief. We did briefly touch 5859 1/2 K again yesterday, but we have now bounced. Bitcoin is at 64 K nearly, Solana is around 1:40 and I think ETA is around 3100 so decent bounce across the board. How are you feeling today or stuff? I just remember, I mean we had a double session yesterday, then we had the KBM radio space.
Oh yeah, I just remember. KBM Classic KBM, it's all over. It's. All over. Shame we got liquidated because those trades would have worked out I. Mean. Would be tasty right now, yeah. Destroying it if we hadn't run liquidated. KBM did switch bullish but then took the trade off. He just classically over traded. He texted me before we went live and was like oh for fuck's sake. Like I think it was a very small dip this. And he was like oh I lost all the all the gains I made the day
before. He like lost it because cryptos is crazy volatile at the moment and it's volatile unlike Bitcoin. Bitcoin is like Bitcoin is moving 5% a day, which is you just don't you just don't tend to see I am spaces out like we did show yesterday, then we did wrecked radio. Then I've been on court balls to calls all morning, just did a little an hour long duck Jesus space in Mandarin and now now seamlessly going into a show with my best mate. So let's see, let's see how this
one goes. How you think we think this this is going to be. This is the day that we bounce and everyone forgets everything is bad in the world. It does feel like stocks are having a better day. They they've been down for four straight days and now they're bouncing to I don't know if we're calling the bottom yet, but it certainly feels like a nice a nice day. Like I can't imagine we're immediately going to go down
back to 59 1/2. We did We did say that we thought it could go below 60 again. It did and then it bounced pretty strong. Most altcoins interestingly made a higher low actually again on that move, Bitcoin did make a lower low, I think, but Solana didn't go down to 113 again, ETH didn't go down to 2800. It was most altcoins actually printed a a higher low there, which normally indicates that you've kind of seen the the near term bottom in for a lot of coins.
So I'm feeling I'm feeling slightly better than I was 24 hours ago. What about you? Yeah, I think so. It feels a bit less panicky now, doesn't it? Like we, we were having, we've had a couple of panicky moments over the weekend, yesterday and it feels like the people who panicked probably sold into that. And then we've we've since bounced back without really like completely nuking.
Like both of those times we had these big red candles Wicks down, but it got bought up pretty quickly and then we managed to kick on afterwards. So let's see. I mean, like we've had higher lows. We've also had lower highs from from these bouncers too. So that Channel seems to be getting like narrower and
narrower. So I just think it's going to be continued consolidation between, I think I said on the show, I think I said between 60 and 70 K, which was quite a wide range, but it seems to be there there abouts that feels like it's now between 60 and 65 K. So let's see. I think I, I'm a big believer in narrative follows price rather
than price follows narrative. And I think sometimes people just nuke prices because they're manipulating markets or they just want to sell a lot of shit or whatever. And then prices go lower. Then everyone's like, Oh my God, things in the world are really bad. I click on face, look at this, look at this, look at this. Then as soon as prices go up again, everyone was like, Oh my
God, things are good. And it's like, well, you know, are you saying things are bad or things are good because of the reasons you're saying things are bad or things are good? Or are you saying them because the price is lower or the price is higher? And I often think narrative
follows price. So, you know, if crypto moves up 10% from here, everyone's going to be like, Oh yeah, like, you know, ETF projections priced in. Like what if it gets approved like Hong Kong ETS, Bitcoin halving, like, you know, elections Fed might stop to cut rates before, you know, like suddenly all the like the bull, the bull pieces come out and everyone stops, stops talking about the bear theses and vice versa when things go down. So. So I, I agree with that to an extent.
I think sometimes, you know, event does cause price to go lower. But then I think you need as a trader, you, you, you want to be looking for those points. Like it has felt since Monday where there was no there was no explanation why we were going lower. Do you know what I mean? Like, yes, last Friday with Iran about to fire missiles at Israel, like yeah, OK, things can go down and the same over the weekend.
That being said, when everything seems like simmer down and there was no real reason why Bitcoin or anything was underperforming, those are the sort of periods where you can look out for like 1-1 more retrace or like one like Max Payne. Like everyone freaks out and then they can rip back because there's nothing actually keeping it lower.
Like you said. It's just then it's people make make up stuff about why it should go, why it should go lower, but there's no real reason like Bitcoin going below 60 K. Like why was that? Because because it had gone up so much because people basically panicked, which which kind of just tells you that we needed to have a little bit of a shake out and like you said, then we can go higher. So I think sometimes, yeah,
narrative follows price. And I think you that's the time when you should be, you can make the most, make the most, right when it's like, no one really knows why things are going lower, but they're going lower. Those are the times where they can really go a lot higher. And everyone can be like, well, we have no idea why it was lower in the first place. Yeah, exactly. Yeah, right. That's that I would agree. I I really agree with that.
Like it definitely felt like that we've we've I mean we've been here on the show being like not really too sure why everything's feels so terrible. Still think that we that Bitcoin could go lower here, but still very bullish. I think I I said I said I thought the bottom would be the realised price for Bitcoin, which is like 58 area. We kind of bounced higher than that.
We could still hit that that sort of level, but there's nothing that tells me right now that Bitcoin should be a lot lower Like nothing gold has been hitting all time high. Oil is telling you that, you know, you don't have to be worried about an escalation in the Middle East. Oil's a three-week low now and the only real thing was like the bond market. But crypto has barely paid attention to the bond market for two years. So I, I, I wasn't really that, that worried about overly
worried about things. It just felt like Chartist started to come out and be like, Oh yeah, well, this is where the technical resistance is. And you know, like, oh, we breakthrough that. That's kind of when you know that things could rip back, because there's no real reason why I should go, why I should go low. I think your your camera's frozen for me by the way, it might be an idea to to leave and re enter perhaps? Oh. Yeah, now it's just me again, by myself. I don't know if I should.
Oh. Oh, Sims, I'm not by myself. I'm. Not going to leave you on your own, I'll just. Well, you have a, you have major echo I'll. Turn the phone down. I think Mike's back now. Good, Mike. There, he's back. Wonderful, still having some small Internet issues. When you have when you have seven floors in your house, it's tough to get full Internet coverage. I know.
I really don't like I actually really don't, but I I will not be in this room come Monday. So we've got one more day of of me, me potentially having these sort of issues. Maybe we'll just cancel tomorrow's show. You know, everyone else do thing and we're just we're just hanging out. So yeah, in terms of the in terms of the crypto specific stuff, it it like we've seen a slightly better move even in some of the stuff that everyone's involved in. The ETFs themselves have have
continued to see outflows. It looks like still I think it was the first day that you saw some of the I think the Fidelity or the Bitwise ETFs or an outflow. I'm not overly worried about that. Again, I think that's more what Obi just said. It's like flows were following price there towards the end. It wasn't anything, anything significant. We've had four days of outflows, but the total outflow is like less than 200 million or it's around 200 million. So over the whole of the four days.
So it's like not been a big, big outflow period. It's just been like a nothing period. And some of the Unchained stuff that we've been seeing is that Bitcoin whales have been accumulating. There was there was something that came out that I think 2 billion Bitcoin had been bought by accumulation wallets over the last over the last since it dipped under 63 K. I'll actually just share my screen. Hopefully this doesn't kill everything.
Here we go. And then the other big thing that made me feel better today was this stable coin. Like what we've really seen here is that stable coin issuance continues to just hit new highs. I think finance actually converted some of their their emergency fund into stable coins yesterday. But you've seen a big divergent here between the price of Bitcoin and the stable coin flows that normally tells you that everyone's.
Yeah, they this could be a big, big rally back because crypto itself is seeing, you know, a really, really big resurgence still in, in the amount of money being poured into it, even with Bitcoin going lower. So those are the things I saw today which which may be a little bit more bullish. It looks like finance also is now going to be I mean, I know a lot of them are based in Dubai, but it does seem like they've
got a licence to trade there. So finance, which was a story about six months ago that, you know, this could be the end of finance. Their market share went down a lot over that period and everyone was worried. Obviously there were thread ORS writing tweets every every day about how they're, they're, they're going to go imminently default, which would have been a disaster.
I think you're now seeing that finance market share has come roaring back and it feels as though Dubai is going to be there, there like HQ, so to speak. They're they're they're sitting there doing 13 billion or nearly 14 billion of of normalise volume now on a daily basis, which is just that was that's really come back versus versus
last few months. So I think looks like Dubai is going to cement itself even more now as a home for crypto with that finance move then then then being a decent a decent foothold now across that whole region, Asia, saving all of our bags, it looks like. And then I thought this was interesting as well. This is what we were talking about yesterday, but all the recent launches have been a bit of a disaster. Omni launched, wormhole
launched, parcel launched. I think actually I saw a post from Sisyphus where you look at like Solana price versus all the different airdrops. Yeah, this this account is great. You follow this account. Yeah, I do basics in Z. Yeah, I love it. But like these, you know, you had PF, your GTO, your Jupiter and then all these airdrops have come and Solana has just like gone a lot lower and all these airdrops have really disappointed, really, really disappointed.
Hopefully this whole narrative comes back, you know, like the whole AirDrop narrative. I think I think it's important like people want free money and they like those stories to come back to crypto, but all of these tokens that have been released since over the last month, they're all in the gutter basically like 10s has not done well, Z didn't do well, Sharky fight didn't do well pass I didn't do well. I think drifts it hasn't come out yet, but it's coming.
But I think I think it is important. You, me and you have never really played the air drop game that much. Or it's kind of just like happy if it happens, but some people really keep playing. It's so much effort isn't it? Just can't be arsed. Like I can scroll around and do all the shit to get air drops.
And yeah, just, I just, I mean, if I had no money or if I had a small amount of capital and I was trying to make it in crypto and I had a lot of time, I'd be farming, spending all my time farming air drops because it is just free money for the headache of going through these menial processes and the time it takes to do them. It's not really a game I want to play now because I just, I just don't know.
It's just. I just think the people, people always say that it's free, but actually it's not necessarily free. Some of them are like, some of them are really easy to make and you have to do like three things on chambers. Some of them is like you have to be active or you have to be doing regular things. And I do think that as a rule, I value my time very high. Exactly. I think everyone should do that.
Everyone should value their time very, very high because you'd be surprised at what you can achieve with your own time with a purpose. And I also think there's a security element to it too. Like I don't love, I just don't love experimenting on new chains or with new protocols that often because often like there are exploits that can, that can, if particularly if you're like you're using, you don't have that many different wallets. It can, it can be dangerous.
But I do like it when people give me an AirDrop. But I, yeah, I'm not, I've never really been a big chaser, but a lot of the AirDrop farming stuff that's happened has really disappointed. It looks like over the last, over the last few months, which I think is, is we're going to need to get back to get people getting those stories again. Do you see this? Did you see this troll thread from from Gensler yesterday? Yeah, I did. I did. Fucking hell.
I love that. Do you think he meant it or not? We'll bring it up now, but Gary Gensler put out a tweet. It's been an honour to serve as the SEC Chair of the last three years. I've seen first hand how the incredible staff of the SEC serve investors and issuers alike. A thread. Everyone in the comments thinks he's about to resign. He then goes on to talk about how great the SEC is for about 1000 different tweets or about five more different tweets.
Do you think he do you think he's just trolling at this stage? Do you do you like my do you like my reply to it? Well, what did you say? I thought that was a good one. Didn't get as. Didn't get as many likes as as. I like that one. I like that for you. Cheers. He's like, God, yeah, I'm a I'm a fan. I'm a fan. I he's going to go, right. He's got to go. He's he's definitely not making it through to the next next election, I think.
He's in his last few days. Yeah, he's in his last few days for sure, I think. Because he's so clearly politically biased as well, Like he's so clearly in like the Warren camp. And I just think that he's like, you need, you need a bipartisan like leader of the SEC. You you like he says he just seems to be angling for a job in, in the Democratic administration. That's what I think he's been aiming for for a while.
And I think we've got to get rid of him, got to get rid of him, get in Hester Pierce. I thought that was, that was one of the funniest, funniest moments yesterday. I mean, in the macro stuff, I already said this. Like for me, everything was, yeah, we had weak stocks, but nothing, I guess. Yeah, weak stocks. But in terms of like major, major fears, it was really just a retracement on anything. And stocks have come back
relatively strong today. And then in terms of the stuff that we talk about, every single day looks like a slightly better day for for meme coins and NFTS. We won't talk about meme coins first, but I should talk about what's been going on in Yuga Labs over the last 24 hours because I thought it was very, very. Yuga Labs offloads 2 NFC games amid effort to unshackle BAYC team.
So it looks like they have sold Heavy Metal and Legends of the Mara which were those games that everyone was playing to, you know with the fucking dookie I saw actually saw today. Like remember that person paid 1.3 million for the dookie dash coin. They then got convert key. They got then got converted into a heavy metal which has now been sold to this company far away. I reckon that got sold for a
grand total of $0.00. I think they just wanted to get rid of that and I think that was the smartest move I've seen from MUGA Labs in two years. What about? What do you think? Yeah, look, I think I never, like, I'm too presumptuous about how that outfit has fallen. Like, I think they just raised a ton of money. And I think they probably had other forces saying you should do this, you should do this, you should do this. And they tried to do it and it didn't work out.
So yeah, I think they've it's it's a sign that they've recognized that what they need to do is consolidate and maybe get rid of some of the noise and then focus back to their North star, which was apes and and should really be apes and other side as well. I guess. So I mean legends of the Mara, like, what the fuck was that about? Like it was just do you know what I mean? It was just like you, you had
like dookie dash fine. You had heavy metal, which was a bit confusing, but it was kind of like a little bit on the road map and stuff. I was like, I was like, OK, And then just this fucking Legends of the Mara thing came out and I was like, what the fuck is this? It just, I don't know. It just felt like to me like they had a massive team and like everyone in that team had to have a job and go out there and do some random thing and then and now they've.
So it's good that I think they've gotten rid of their stuff and hopefully they have fewer things to focus on. They can do them better. But yeah, it was just like. I think when they had the legends of the Mar, I think that's when we just sold the rest of what we had in Euglas because I was just like, this is not this is confusing why they have just like another not another chapter in the story, another book in the series before finishing the first book.
Yeah, it's interesting because definitely goes goes away from what they did recently because they recently bought Moonbirds, right. But I think, I think everyone realises that they bought Moonbirds for the Treasury. They didn't buy the Moonbirds like really for the IP there. They bought it for the treasury and because A16Z because a bridge like both of their both of their investments there. Remember A16Z just raised $7.6 billion.
So my guess is that they're not going to let Ugalabs fuck this one up. That being said, I think they need to, they need to continue to free the board ape team to not be overly focused on stuff that the community doesn't care about. It's a classic example.
I think originally they kind of went on this expansion concepts, they bought punks, they bought, they then wanted to go and, you know, buy gaming assets, build out a whole gaming team and very little of it has really mattered to to to board ape holders. I think board ape holders really just wanted to have a good community that they could engage with and be seen as like having a, you know, having a Veblen good having like a cool social
like online flex for them. And all that really needed honestly was I think events IRL, some IRL clubhouses, I think would have gone so much further than whatever they wasted on all this gaming stuff and probably continuing to do this kind of like quasi luxury or I don't know, cool St. wear style collapse. And I think they could have crushed it. I really think they could have. I think the coin was interesting, but perhaps they they bit off more than they could chew with the whole
metaverse plan. If they just create like a cool online experience and maybe had to like do online quests for some of their community to do at the same time, that's kind of all you needed. But I think once they came out with the coin, they had to have this like massive concept for what it needed to be to get to the multi billions of dollar TVL. And look, we can't really complain. We, I think, and a lot of ape holders made a lot of money off those big, big dreams.
So you can't really throw it back in their faces, but it's definitely been a burden for them at this stage. So I think, I think unshackling that selling stuff that the community does not give a shit about and refocusing is really what Bugle Labs would. If I was to be the CEO of UGLE Labs right now, I'd be fucking hatchet jobbing this thing and working out how to engage with my community even better than it is. Like, I think they do well with
some of the community spaces. I think they have some good community leaders, but I think they need to, they just need to lean into more of the IRL stuff. I need to lean into this like street wear stuff that that originally was and I think they could do, They could still they could still save it. So if they go down that path, like I, you know, it's the most bullish. I looked at board apes in in two years. I I literally said to myself, should I buy some board apes? Maybe I will.
What do you think? That's the last time I've thought that that could be the bottom. Just it's the the reason why no one is buying board apes I think is not because. It's I think. Well, it's not because they don't think it will go higher.
I just think there's, so you're in a bull market of so many opportunities within the crypto space of things that are aggressively going higher with probably greater liquidity and maybe even a lower, you know, capital commitment if you're talking about gambling with less than $10,000, right? So it's just, it's not that like, oh, border X will never go higher and border X may double from here, but you know, in the time that they double, you may have lots of things that are
doing like a 10X. And so I just think it's, it's less about like people not believing they'll ever go higher. It's more just people wanting to spend their capital on other things. And that unfortunately takes its toll on assets that are viewed as unfavorable right now. And if you're someone who is patient with a lot of capital to sit on and didn't need the liquidity, then some of these distressed players could be very interesting if you catch the right thing and you get the the
momentum. But it's not a, it's not an easy money play, I don't think. And there are lots of easy money players right now. Do you think there are that many easy money players? We spoke about it yesterday, like mean coins right now for a lot of different coins.
And it feels as though for a lot of them that were really just like they didn't really have a team behind and they only have like a they, you know, whereas like part of me thinks I look at this chart and I'm just like, yeah, I thought these could go a lot lower. I would love to like get them back on a space to talk to them and basically just tell them what I think they I mean, they lost their CEO since we last spoke to them, right? Like we spoke to Daniel Allegra
last and he's gone. I'd love to just get like to get to get Gaga and and Gordon even and we can just chat it through let. Me ask you, let me ask you this question, yeah. What do you think outperforms in dollar terms and from now until the end of the year, board apes or Solana? Solana's difficult 1 remote right? I I, I, I would say that I think, I think board apes could double and I think Solana, Solana, yeah, I think you know what, I like them both.
This is the thing about having a diversified portfolio. Like this is the first time in a long time I've thought about buying board apes. Like what's your downside here? Like if they are really going to H16Z has raised 7.6 billion, right? They are telling you explicitly they want to unshackle the board eight team and I think they got rid of Daniel Allegro and that tells you everything, right?
Like tells you they don't want to go into gaming as much as they ever thought they used to. I think they need to probably do better at the community outreach. Like it still feels quite corporate there. I don't know if you feel like like this, it's gone that that like rawness of the interaction between like the team and the community. Part of that I think is because Gordon has gone, but they can get some of that back.
This is, I'm not saying they're going back to 100, I'm just saying I think they can 2X quite quite easily, yeah. Yeah, I agree with that. That I agree with. I guess the only point I was trying to make is like, you know, you have if you're you're, you have lots of different risk reward plays across the market right now and some are more
liquid than others. And some people will think, you know, maybe board apps can double from here until the end of the year, but Solana probably can as well, right? And maybe, maybe Sol could be even more than a double. So you're just in something that's like super liquid. That's a major that doesn't have any like, you know, as big a risk or or downside versus something that's like way more risky. But the upside story isn't
there. Like if you told me, I think board apes had a chance of 10X ING, then that risk reward is suddenly interesting. But if it's like I'm playing for 2X in crypto in a space where things are, you know, it's doing a lot. It's a tough, I think it's a tough one. Yeah, and. I think maybe there is a 10X in there, I don't know.
Like I'm on right now, I'd 100% part I think part of it is also that I'm not that bullish on like as bullish on ether as a story as I was as well, which has made it a little bit more difficult. But I agree with you, like it's a liquid, I think for any major, if you were to buy like 50 board apes, like you've got a least thing that they can triple or quadruple. And I'm not sure if I can like make that play over the next six months or a year.
Like I think I think you you're hoping for like a 2X here, in my opinion. Yeah, like if these go back to 26, that'd be great, right? That'd be great. That'd be a real fucking win because I think crypto punks don't feel that great either right now. So you're talking about a world where ETH NFTS are on unloved sector. So if they were on Bitcoin, I'd definitely buy them. But yeah, I kind of agree with you. Oh, it's tough, man. These do look do look good. A lot of volume.
Look at that. Look at all that volume come through. Interesting. I saw Cyrus buying some and he's smart guy. He bought some, he bought some mutants. I think I'd just buy the apes. But yeah, interesting to see that one. Let's see how that one developed. I think I'm going to hedge myself and say these are 100% going higher now, but I I'm not
going to buy them yet. I just like you said, like I think I can put my money into other things which will probably go higher quicker on this rebound. That's what I reckon. And then I, I think there was another article here about how much gaming has been destroyed over this cycle. Like as a narrative, pretty much every major gaming coin has been smoked. Guys, don't know if I can bring up gaming coins, gaming coins, but it's been a very, very ugly period.
Ugly month really for, for, for gaming coins, right? A portal down 77%, Marvia down 70%, big time 50%. These are all, you know, multi billion dollar coins. This is like a little good dip buy, doesn't it? One of the ugliest sectors for sure on this movement over the last two months. This is is that two months? That was right, Yeah. So like Bitcoin only started selling off a few weeks like 2 weeks ago. So that tells you how ugly we've erased.
Not only have you erased a like the last in the last two weeks, you've erased gains for months There. These these are really horrific moves. This all of gaming right there. Like there's a few tokens that have gone higher, but very, very small and really floaky. They're calling that a gaming coin. Come on as a as a meme coin. So yeah, definitely not a good
period. But Gala has been the only real one like major coin and prime, I would say that have have held up well in this move, but just a just a horrific time again to be caught being along a lot of a lot of gaming coins. Do you are you a dip buyer in this? Do you think? Do you think stuff's going to come back? Yeah, I would. I just don't know anything about gaming, but I'm bullish on it conceptually and I hadn't noticed like how down gaming very ugly compared to other things.
I mean, even meme coins are not down that much. So I think that's AI think that's a good buy in this market. I really do like when when I looked at and considered putting capital back into the market, I was like something I think something's down 30-40, maybe 50%, but not really like super interesting. But these, you know, some of this stuff that's down 70%, they're pretty depressed levels, I think where you could have real 2-3 XS there in in like real tokens and projects.
So what? About Ape Coin Is ape coin the buy I. Prefer things. That's down, It is Lowe's and it hasn't really bounced today like the board apes have, like. Yeah, I still don't love tokens that are like in their vesting periods, you know, and some of the other tokens you mentioned like Portal, Mavia Gaming, like they will have unlocks and vesting periods later this year,
but maybe they don't right now. So if you do have a bigger market bounce, you probably have a bit more bang for your buck in those, I think. Yeah, I think I agree with you. That is one thing about gaming tokens is generally the tokenomics are awful. So be very, very careful when you're when you're getting into different narratives, but which is probably why gala's doing don't know, right, right. Like most of that is now finally bested and have all the coins.
This is crazy to see. Actually, I have all these they're called Floki gaming coin, but the only coins where the market cap is anywhere close to the Philly diluted market cap are up and everything where there's dilution coming has been smoked. That that is apart from prime, which I think has been a very, very strong story. All right, so that's that's that.
And then we'll go we'll go on to the meme coin session because it finally feels like a day where you can open up deck Screener and not want to kill yourself stronger day looks like across the board for most meme coins. I was on a space Mandarin space earlier talking about the epic bags but it does feel like if you are a meme coin enjoyer today's been a decent ish day right? Like most of the top meme coins have all bounced decently well. A lot of these like very beaten
up cat and and dog coins. Like the Brett has been the only real one out of the out of the, the the base meme coins that has held up pretty well. Now Brett's the coin that's like related to Matt Fury. It's like the Matt Fury character, but a lot of the other ones are still kind of down in the dumps. It, it feels like, but is this is this the time to buy meme coins finally, Bowden Bowden at 400 million. Is that going above a billion Shark cat going back to 300 million.
Do you think, do you think you're going to get involved? I I did say on the show yesterday, I don't think many of these will hit and go back to their all time high, but they are a long way away from their all time high so they get very easily 2X. What do you think?
This, this price action of meme coins right now in, in the last hour or so, like even stuff like the duck going back to 40 mill or whatever it is. Like it just shows you that as soon as people smell the market bouncing, everyone's like piling into meme coins. And it's just so clear to me that meme coins right now are what NF TS were in 2021. Like everyone knows that you can make your five or 10X or 100X in
that market. It's not going to be, it's going to be very tough to find it in a different market within crypto. And that's just the casino right now. So I, we would absolutely see another meme coin run. And I think you want, I mean, I don't want to sit here and, and say, I think you want to have a lot of exposure to meme coins because it's obviously all vapour Ware. But personally I have as a gamble as a as a little gamble or a punt, I have quite a high exposure to to mean.
So we've, yeah, we've certainly some bounce, isn't it? Some high market cap stuff and also some low market cap stuff too. Like I just we will see another meme season. Taking a dip, right? I was looking at this one today and being like. Yeah, Mogg should be high. If MOG was in Solana it would be at like a bill or even if it was on base. What surprised me is Mog Mogg has 70,000 followers on Twitter. I I didn't really know that until I started looking at it
the other day. Like it has become a bit of a they've done a very good job at making that a term now in in crypto. They have some ups and downs because I think it's like slightly related to like the West Coast influencer crowd now a bit bit too much maybe. But I think, yeah, I, you know, I I like MOG, I like MOG. It still doesn't see great volume though. You know, like compared to one of the issues is that it's just
like board apes, it's on ETH. So it's like, even if you think this is a good risk reward trade, like you're the multiple they can go to is always a little bit capped because you just feel like the volumes are not really there right now for any of that stuff. Yeah, I think it's one of those coins where the amount that I see it on my timeline, like the, the engagement and attention relative to market cap is like so off compared to other coins. And it's been around for almost
a year. Like it's not just, you know, it's not something that's going to die either. So we think it should be trading a lot higher than where it is. And I, I honestly think it's just a chain thing, like if it was predominantly on base or predominantly no or just on Solana. I know they've bridged it to like base and all that kind of stuff, but it's not really had the same impact. Yeah, it would be way higher,
but you never know. Maybe I think it will have another day in the sun this cycle. I do think it will. The ones that I'm looking at today, obviously the duck, then Bowden. I think that's just the story that you know is always going to be strong into the election. Pups. Pups is down 50%. Everyone was talking about PUPS 2 weeks ago. I can imagine that comes back. Runes is obviously in four well, in 48 hours. I think that's kind of make or break for for for a number of
these. I'm not sure if I'm looking at that much else if I'm honest. Like I don't know if I want to buy a cat coin even on that. They they died so hard. Like they died like nothing else. The problem with cat coins is it feels too forced.
Yeah, it does. Feels me everyone's like, oh, like cat coins, like it's going to be a cat coin that goes to billion, whatever, and that's like everyone's like it's like the same influencers, same like shit coin influencers pumping the same fucking cat coins and it's all cannibalized and none. I don't think any of them are really good memes or that relatable. Like the best one probably I think would maybe be shark cat but it is a little.
The knob cat was the one I like. Still thought it was funny but. Yeah, Knob Cat's pretty funny too, but. Shark cat dot fun coin which I like. Yeah, but shark cap feels a built a little bit too much like whiff, you know, like it's kind of like a whiff low key whiff derivative. It is. Yeah. So it just hasn't like I haven't seen a cat coin and maybe mog is a cat coin. I don't even really know. Maybe not quite properly a cat
coin. But apart from that, I haven't really seen a cat coin where it's like, oh, this is like doesn't feel either doesn't feel forced or is a good meme or it was actually funny. And I think that's the I think that's the reason why we haven't seen a cap coin hit a billion dollars, not because it can't, just because we haven't actually seen a good one. That is a strong enough meme in my opinion. Yeah, this punky one did well.
See this. Yeah, well, there's all these rumours about Wintermead being behind the snow, isn't there? So I don't. Even know what that is, but wow, 62K files anyway yeah punk, that that one's been the the biggest mover, I think, but I agree with you. I I feel like I'm if I'm not buying a story that I love, then I'll just wait for the next 10X. Do you know what I mean? Like yeah, well, you don't need to rush into buying something that you don't like on the bounce though.
If, if meme coins are really coming back, then new launch meme coins will always be the the best risk risk reward like for some of this stuff. So. Maybe maybe just play it that way if you're not like you don't love a cat story. Anything else you've been you've been looking at? I saw, I saw KBM mention this thing yesterday, right? Like on the show about OX Mackie, who's the guy behind sushi. And then I saw Beanie posting about it. Have you seen this? I did see that, yeah.
We are very pleased to be backing Hero Glyphs. We have, we have, we have a guest. We have a guest by the way. Oh yeah. All right, I'll bring them on in a SEC. This is like Asian layer but for algorithmic solo staking. White paper is live on GitHub. So I think they're going to try and do the the stable coin yield, but with but with different coins. It looks like, but OX Mackie, kind of an OG OG dev in the space seems to be doing a few different things. Yeah, sushi with his with his
main one. Anyway, we'll bring on the the my Hooligan team. I've known them for for a while. They've come to our show a couple of times before. Let's bring them up and let's talk about what you guys, what you guys are up to. Are we bringing them up tough? Oh, they're just audio. Oh, they're just audio I. Think you got a Oh? OK. They may be talking, but I can't hear them. One SEC. You hear us? OK, We hear you now. You hear? You hear them now, Michael. Two test 1/2.
You can you can hear me too. Yeah, we can hear you boys. How you doing? Let's. Go we're doing great, man. I mean great info about gaming projects being down and then bringing us up to speak. Yeah, set, set the scene, set the scene for you guys, you. Guys are more than just playing. You're like a so we could. Really shoot high. You guys are like media empire,
right? You guys are I I've known you guys IA bunch of my my my bet hooligans many, many moons ago, but I was always I was always blown away. You guys were all like ex Pixar and like Disney and stuff like you guys are proper animators. Yeah, team proper animators, yeah. One animation studio that, you know, started going into gaming. But yeah, we treat all this stuff just like a Pixar project. Yeah, smart, smart.
So how have you guys, how have you guys been weathering the last month or Yeah, the the bear market, so to speak for, for gaming man. We're doubling down. We're, we're going extra hard. I mean, we're, you know, if you were to see the studio now we have, we have what, 65 plus people we're, you know, people pulling all nighters on the game, on our next collection, the others, our 3D assets, our AI capabilities have just been skyrocketing.
So big bright future ahead. Yeah, and really the big thing too is like, you know, we've been playing the long game, you know, for for quite some time. So to have that like that long term mindset, you're going to go through, you know, market cycles, you're going to go through, you know, down, you're going to go through UPS, you're going to go through it all and really just got to keep true to what you're building, innovate
as things continue to unfold. And you know, stay true to to people like yourselves and tell like our community who are are here for, you know, the betterment of the space and just trying to build cool shit and keep things rolling. Yeah, I will say that, you know, a game, some gaming projects might be down, but my pet hooligan's never down. Neither is our enthusiasm for the space, neither is our drive to deliver. Neither is our community. You know, we've been here since 2021.
We're still alive and kicking, still delivering, never gone anywhere. And you know, some of those projects you mentioned, not necessarily the best example, some of them, we're not going to give any names away, but great examples are definitely like prime strong team always delivering still here today. And that's what it's about, right? People have lost faith in teams and projects because there's not enough transparency, there's not enough delivery delivery, there's not enough.
There's too much reliance on, you know, NFT revenue or token revenue and not building a sustainable business behind it. Dude, I remember your accent from the, from the early videos, you were always hanging out in the in, in the community. I, I remember it well. So tell me, how do you get involved in my so you, I know you have the NFTS. Am I right in saying you, you had a you had a token, but like you're now launching. How are we expanding this? Where are you taking the community now?
I mean, we've, we've not, we've not launched A token, but you know, we are, we are early launch title for, for the Carrot protocol. I will say there may be a claim in the very near future for, for the my Pet hooligan community. So definitely stay tapped into the socials and look at carrotcoin.com For more information on that. Information is live about that. It's live about, you know, what you might expect as a holder as well.
So go check that out. Awesome yeah, like I when Carrot I remember that being that being in the in the discord just keep just. Keep your eyes and ears open, Sir, and you may hear soon. OK, awesome. Yeah, I hope you guys get a, I'm sure you guys will get a good partner for that. I know you guys are like a, you know, AAA team. Is there anything else that we should be looking looking out for from you guys?
I mean, you know, we got some pretty cool things that are really bubbling up to the surface here. You know, I know the community's been hungry for the others. We've been kind of in stealth mode building that out. Colin's sitting here right now. I'm sure if if he starts going, there's all kinds of output he'll start dumping on the table for our community. Yeah. Well, yeah. I mean, it's a, it's a, it's a very well, yeah, you can cut me off at any time.
But you know, it's very passionate, heated, behind the scenes creation of these things. I mean, you know, from my perspective, it's, you know, what sets us apart is that we started creating 3D digital assets from Mike Hooligan initial collection and that, that that's what we do differently. I mean, we use the Unreal Engine as our foundational rendering platform for our studios. So it's a natural that we have 3D characters. These characters are ready to do ATV show, ready to do a feature
film. And so this next collection, you know, the, the challenge is how, how do we, I look at this as how do we sculpt thousands of the highest quality, beautiful sculptures? That's that the community can can get a hold of and, and then to embody to be their own. I think of these not only just like sculptures, but things that would make good toys that sit on your desk. And then what? What? What would they do if? You maybe, well, a brain and a engine or. Yeah, yeah, possibly.
You know, if you tied in some AI capabilities, then you'd be things like Tamagotchis. How do you make thousands of unique personalities that evolve over time? That's what we're talking about. I don't, I'm kind of coming into space from a, you know, from an artistic perspective, from a Pixar perspective where I see, I see, you know, living 3D characters that then have a blocked stability and security to then also grow and evolve over time. That's what I see these things as.
Yeah, and you know, like. I pick your brain there a little bit. So like, are we forget all the blockchain stuff as well? But like, what is AI doing to gaming right now? Could you just give it like, is it, is it just exploding? I know there's a lot of like world building. I guess we're going to move past like standard NPCS. Like what? What? What are the things you guys are most excited about with that? Yeah.
So everybody right now has some familiarity with ChatGPT and that's kind of the most common go too and, and people have fun with that. And there's also some great audio tools out there, voice generation tools, music generation tools. And that's all fine. But let's all agree it's all pretty generic and it's extremely safe and, and, and it's kind of unreliable. Now imagine if you privatize that you put the guardrails on and you personalized it. Imagine if it knew you.
And it had a personality it. Has a personality that evolves with you personally over time. Imagine if this thing could know you know your your ten favorite books and your ten favorite movies and and now all of a sudden this thing can kind of represent you, but also be your own personal kind of buddy along the way and do things for you. So it might even represent you when you're not in the game as your personality. Send them on quests. Send them on different tasks.
Do things that that you need them to go. Go do an accomplishing game. So we're in a completely different lane. I mean, you know, a couple of years ago when someone interviewed us, they were saying, yeah, how many, you know, you know, do you think these NFTS are all going to hold their value in, in the years to come? I, I think I said something like 97% of them will drop away. And I think it might be higher than that, but I, I think our, of ourselves is completely in a
different category. I don't. I don't even feel like we're lumped into the same category. As everybody and I think one thing that we really do that we've always tried to kind of like you know, set ourselves apart on is we love building really cool technology and cool tech is nothing unless you have a really cool product and IP to put it into ours is my pet hooligan. It's the game, it's a collection since it's all these pieces of the puzzle that that we could put this tech into.
And because of doing that and starting in this this realm, we have attracted, you know, partners like NVIDIA and Palantir and Epic. And, you know, some really just like top notch partners that are looking at us, you know, through the lens of of whoa, what you guys are trying to do with these, you know, AI driven characters, putting them into these the game, putting into a virtual world and seeing how can they not just be, you know, a typical NPC, but something
that's that that can have a life even outside of a game. And it gets to this really kind of crazy world where, you know, yeah, what if these characters were just available on your phone? What if they were also available on game and they can remember all these conversations that you have with them? It sounds like this crazy, you know out-of-the-box thinking, but that tech exist today and we
are working on that stuff today. We're also just on the cusp of this breaking out to average Joe on the street kind of thing. I mean, right now, you know, we're a kind of part of this small community. We live 3 community and we like to talk about all this insider stuff.
However, until this gets to the 10 year olds in middle America, you know, until this gets to to large food chains where you're talking and interacting with characters on a daily basis, not even thinking about the blockchain aspect, you just know that this character seems to have an intuitive grasp of of who you are and where you want to take the conversation. And I think that's we're just on the cusp of that.
I think we're better positioned than anyone else out there in any space, including Apple, including Google. We're in a very unique space. And I think that's what Palantir recognized when we were presenting with them last month. It's an, it's an interesting concept, isn't it? Like the the concept of an AI assistant.
I think everyone's going to have one like just an AI, like the person you're speaking to on a daily basis that just like can do little tasks for you and it's more conversational than Siri or, or like Alexa and probably has more of a personality than those sort of things. I That's 100. Percent. I've already seen like people having friends and stuff. So if you guys can create. So yeah, why why can't it be a, you know, a maniacal rabbit?
I think that why why can't it? So let's let's I, I see where you're going. I I do think, yeah, this is smart angle to go in. I can imagine if you could own that as an NFT that could also, yeah, they, they could be valuable. I think that's a bit smart. Well, what's great about that tattoo is that it plugs into any character any like it could be the others, it could be.
I mean, we've created hundreds of characters that we've, you know, tested this on. And so, you know, the my pet Hooligan, you know, characters, it's, it is so ripe because we have the community behind us. We have a game, you know, that we test all this stuff in and you know, that's where I kind of want to come full circle. It's like we really are playing that long game here where, you know, these market cycles will
go up and down. But we just keep our eye on the prize of, you know, delivering high quality content, high quality, you know, products of the market and trying to innovate, you know, as as best we can and moving forward and listen to everybody as we go down the road, I think we'll end up in a good place. And you know, and just a little bit further than that, more than just the game, more than just my
pet hooligan. And I think it's like a, a Pokémon style kind of character that kids can all have in their back pocket in the same way that I want, you know, you see kids trade, play Pokémon and so on. And these different cards. Now imagine if you had one that also helped you with your homework or or helped you, you know, coached you, you know, on your on your workout routine at the gym. These are things that I think can, can infiltrate in, in daily life. But not just it's not AI trying
to mine you for data. I see. I see this as an AI defense against the AI out there. I always said that the best offense against AI taking over the world is another AI. And so to me, I think of these things that just kind of get into everyday life and as a as a buddy, not as a not as a generic cold Siri character, but as as as a buddy with the personality, your crazy uncle, your crazy neighbor, your your silly pet. I think that's where the stuff is going. OK.
Well, guys, it was great to have you on you guys always, you know, a top tier team and I guess we'll look out for the for the carrot alpha coming soon, it sounds like. Coming soon and thank you guys very much for having us. It's always a pleasure. And yeah, thanks for for keeping up and for everything you've delivered the space and, and thank you for, you know, the Carrot Gang for showing up and, and always being there right behind us. All right, guys, it's great to have you.
All right, take care. Thanks a lot. I think we're going to call it there guys. So thanks again for for for tuning in. We're going to be here again tomorrow. So are you on holiday tomorrow yourself? Where? Where are you off to? Bringing yourself back to the show just. It's like, can you slap out of it? You know, like in the, you know in the matrix when they like get back to like the the real world. Yeah. So why have you got your Rd. card where you have to?
I'm playing playing golf with some friends, an annual annual golf thing with my mates from home on Saturday but it's up in Birmingham so thought we'd drive up there on Friday and stay the night but after? Driving. Lots of gossip happens at that at that that event. Yes, it's a it's a very gossip driven event. Yeah, yeah. OK. Well, that sounds good. We'll, I guess I'll just be meeting you again tomorrow, but. Just no Rd. caster, that's all.
Yeah, don't worry, nothing like Yeah, got us covered with my Internet. But yeah, we'll see you again tomorrow. Hopefully the market stays green. All our coins are higher, all our NFTS are higher. And yeah, thanks guys. Thanks. Yeah.