FOMO HOUR 164 - ETH ETF DAY! - podcast episode cover

FOMO HOUR 164 - ETH ETF DAY!

Jul 23, 202436 minSeason 4Ep. 164
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Episode description

BTC ETF Flows: +$534m. ETH outperforms slightly as 9 ETFs set to launch. Grayscale moves $1bn ETH to Coinbase for outflows. Biggest BlackRock ETF inflow day in 4 months. Mt Gox moves $2.8bn BTC for distributions. US government moves $4m BTC to Coinbase. Bedford FC buys $4.5m BTC. Hamilton Lane launches private credit fund on SOL. CNBC discusses BTC reserve currency rumour. Polymarket sets another trading record. BlockFi administrator submits plan to repay customers. WLD denies insider trading and manipulation claims. India keeps high crypto taxes unchanged. Gate exchange exits Japan. Marathon Digital fined $138m for breaching NDA. HyperLend launches lending on HyperLiquid.

Transcript

Oh, yo-yo, what up? What up? Good morning. Good morning, GMG. Tuesday. Tuesday Tuesday July 23rd 2020 all the fun out there today we have extra ports look at that another beautiful day to have a beautiful day. I got my Co host to the house Tyler Mando. How you guys doing today? Good morning. I'm doing great, this is my first my 4th office setup in four days. Where are you? You've been like in different places every call I've had with

you this week. I know man, like I fully lost it. Fully lost it. Having to set up my whole setup again today. So where are you exactly? Not the doc I was. I was in France and then I went to London, but then I was around on the yesterday seeing some family and then I've, I actually just checked into a hotel because I was just like, I need to, I need to find like one place where I can just be for the next two weeks. So you're in London? I'm in London. You're in London, OK?

Mando is in London. OK, Perfect. It's funny, like every show and every call I've had with man the last three days, it was it was different place. Guys trying to make anywhere, whether it's a restaurant. The call yesterday was a joke. Like the call that we did. I was like, Oh my God, the, my, this, the phone service died or like my Internet died. And I was just like, you know what? I've just had enough of this. I'm just checking myself into a hotel.

Like I'm not dealing with like Wi-Fi at family houses and that sort of stuff like. Mendo Mendo checks in during the advisory recall from like three different devices in like 30 minutes. I was like, he was so sick of it at the end he was like fuck this sick and tired. Tyler, how you doing today? I'm good see ETF lost it. How could we not be hyped to to the Max? Not the not the most exciting open, but I think to be expected. But we're doing good.

Big day, big day, big week, in the words of Barry Silbert, who is Max Turbo dumping every single piece of theorem he can find in any wallet. But anyways, today on the show today, today market report as usual, crypto macro, all that good stuff. Obviously heavy ETF conversation on today, but we're looking good. We're looking good lads. You'd love to see it. I love all the I spent like 30 minutes this morning just going through all the ad campaigns and everything just so good.

Like the Vanek ad was great. I saw Hunter Horsley, who's the CEO of Bitwise on CNBC this morning. And I also watched a video of BlackRock and how they're pitching Ethereum to, to their book. So it's it's actually pretty interesting the way all these all these ETFs are approaching, you know, the Ethereum then the Tyler's top 100. I can already see your new favorite coin being mentioned in the comments here, Tyler, every day, every day we've got a new coin.

You absolutely love to see it. And then we'll be joined today's show partner, actually API three will be joining us all things data. So we'll we'll be we'll be chatting with the with the with the API treat theme. And then last but not least, robot spins on the on this glorious day. Is someone going to win a punk? Is someone going to win a pudgy? I added two pudgy Penguins, 4 punks, 6 mil ladies, doodles, red guys, mutants.

You know how it is. I'm still adding some NFTS to the box right now, but you know it. Hopefully hopefully we get a big hit today on on this historical day. So that'll be fun. But anyways, anyways, anyways, let's talk about these ETFs. Mando, let's get into it. Who is the man? Michael, Daddy of the land, can you dig it? Yeah. So we have the big, big headline is these ETFs. We have 9 launching today. We're only about half an hour into trading and I'm seeing like

mixed reports. Obviously it's it's like sizably lower than the sort of volume that we saw for the Bitcoin ETFs. I think in the first half an hour we've seen about 50 million of volume and the Bitcoin ETF saw around 200 million of volume in that same time period. So it's, you know, that that's lower, but it's not not materially lower. I think that's 32% of what the Bitcoin ETF volume was in this first half an hour. So yeah, like that's not terrible.

You know, obviously the Bitcoin ratio is at 4.5 roughly. So yeah, definitely not, definitely not the worst figures I think we've seen. Why is the timeline? Flooding the shit out of Ethereum, that's one thing I will not allow. This is crazy. I'm not even anymore, but yeah. I think the thing about ETH is that it's kind of become a one-dimensional trade more or at least maybe there's two main drivers.

The 1st is the ETF right now. And the second thing is, is like tokenization and the tokenization thing has been, you know, it's been going along. They've got 500 million obviously in the, in the Black Rock fund maker want to put another billion into Treasuries like it's, it's moving along, but it's not, it's not crazy in terms of adoption so far.

And the ETF is like the other main driver, but but because so many people are using Solana for everything else, yeah, those are the two strongest narratives right now. And and this ECTFI think is going to probably be the second best performing ETF ever. But you know, it's just not enough really I think at times to kind of justify the valuation. So I think it's. Crazy though. Well, it's. I just think that ETH is probably fairly priced, let's

put it that way. I think Solana is under price, but I don't think Ethan is going to go materially lower. But I just, I find it difficult to paint a picture where it like double S that's basically in my mind I'm seeing they're going like I think it's a little bit. Are you? Funny. No, I mean I it's a rel Val. It's a rel Val. You don't see Ethereum doubling. I don't see it doubling before Bitcoin or Salon, let's put it

that way. OK, that oh, that's a good, good job catching catching up on that. What you said, but that see, I see the timeline right now. It's just like Max bearish and I'm like, what the fuck, Like yesterday we had the ET mini trust right from grayscale move a billion dollars into to Coinbase in order to see their, their their ETF and everyone's like, oh, they're already turbo

dumping dude. They were literally just like seeding what people are going to buy and everybody was assuming that like everything's going to 0. So I just I just found that funny. But you know, for all perma bull, that's what Wizard has me on his, my name on his own, this phone. They'll have that ETF is going to see outflows.

I think nothing has nothing has changed from what I said yesterday like people will dunk on it in the short term, but actually over the long time, this is bullish for Eve. This is good for Eve. I don't think this causes Eve to go to some crazy valuation. I just think this is good for EVE. Yeah, there's. There's a lot of fun stuff on the timeline though, I've got to got to say, let me let me just share some stuff with y'all. I wasn't, yeah, I wasn't on the timeline as much today.

So what have I made? So you. All right. Yeah, I really like this. Network where money. You guys can hear, right? Let there be an open source network where money flows more transparently. Let there be transactions without resource intensive mining activities. Let there be tech that can unchain. Your code is the key. Let ether be enter the ether with ETH fee. You can now get ether exposure for zero fees with the Vanic Etherium ETF.

It was that they use a Pudge pay, which is super cool, I thought. A lot of people seem to be pretty happy about it on the timeline too, which is super sick. Then you had what else? I mean, Franklin Templeton also like being funny, you know, changing the PFPS with the Ethereum eyes, right? Like, you know, Obi used to always say like it's crazy that we used to trade against these people in order to buy our bags,

right? So so you have Frank and Topper then changing the PFP and they obviously like have a whole ad for it as well. You had, I actually really liked this piece here. Where was it? So Hunter Horsley was a seal of Bitwise. He went. So first of all, I like this a lot. I don't know if you guys saw that, but they posted their ENS of all the ETFs and where they're going to be buying from to make it more transparent. So it's like, you know, ENS Maxis right now.

They're loving this. The ENS community, the ENS community is loving this right now. You know, one dot EW dot bitwise dot E you'd love to see it then 2345. So that was that. But what I like from Bitwise was Hunter Horsley on the timeline saying listen, like, you know, he was saying, listen, there's, there's if there is like this, this, it's like they wanted the App Store, right? Like 2007 iPhone, right? There wasn't a ton of things on it.

There was Google Maps at first. There wasn't maybe like WhatsApp or all these apps you're using now, but those are coming. They're being built on it. I mean, Tyler, what are your thoughts? Well, how are you feeling today on this historical monumental day ETF Store live? Yeah, I've kind of gone like full, full turn on Ethereum. So I definitely got into like the Solana camp and I still firmly believe that Solana outperforms ETH from a pure ROI

standpoint this year. But I I'm kind of with you, I feel like the flood has gotten too strong. I think the inflows are going to be strong. I laid out some targets in my newsletter this morning. I put 5 billion in net inflows, 2024 and 6K price target. And I think for ETH to get to six Ki think we probably need Bitcoin to get to 90 K, which feels pretty doable for me here by by end of the year if a few things go the right way.

So I mean, I think that's going to be I think we'll see a 2X off the bottom. So I think we'll see you probably go to 3K and then double just grind up over the rest of key force. That's my that's my hot take here this morning. I like it. I mean we're not looking too bad markets bouncing here.

Bitcoin 66 five ETH is but you know what I think Mando, you make a good point like ETH is fairly priced at this stage, like here, like I it's like it's a good price and like obviously it's I think everything's going to push higher with Bitcoin, like you both are saying, and of course, Solana has been really the main narrative, but it's it's looking good though, like you know, I I just don't understand the obsession with Duncan on ETH, which makes me love it more.

I I. Think, I think there's this, there's this wave. Oh I've got an echo no see if I can start my audio. I mean, Refresh Premiere does that right now sometimes. Yeah, I'll come back. Yeah, I refresh. Premiere does that sometimes. You know one thing Tyler, though, which the only thing I didn't really like as much this time around is the tickers EAEZEWE. Like at least it needs to have something tickers like puddle or like, you know, stuff like that.

But the the tickers were like kind of boring in my opinion. But it's OK, you know, that's the only thing. But what were you saying? What I was saying is, is my audio OK? No, it fucks up sometimes when I come back. Yeah, it's good. So what would change my view is if, if we saw a real acceleration in the tokenization, some things like my, my general view is that we've probably found the best product market fit for crypto, which is as a form of exchange

and for the transfer of assets. And that also leads into tokenization. And if ETH can over the next 12 months before Solana gets maybe an ETF, it can, it can onboard BlackRock, you can onboard Fidelity, you can onboard the shoot asset managers to build funds on there.

I think that's a very, very strong Moat, but it needs to get it get a move on. It needs to get a move on about it. I think it just, it needs a narrative eve because right now it's, it's, it's, I think it's still kind of caught between it a little bit. It's been pushed to the L twos and people have very mixed views

on L twos and the securitize. The security aspect is probably its strongest differentiator, but it feels as though that's going to be gradually encroached upon with time as well. So yeah, I, I, that's, I'm not bearish on ETH. I'm just telling you, if you're an ETH Maxi, what you need. And I think I don't, I think right now on Salon is a bit of a consensus trade on CT, but it's still not a, it's still a sixth of the price of some, oh, fifth of the price of, of ETH.

Like it what that tells me is that you know, if you're on CT every single day, you're probably picking up on the idea to this trade early. And a lot of ETH wealth is kind of slow and moving and perhaps less on CT, let's put it that way, because it feels as though a lot of CT is just dancing around in Solana at the moment, right. But but there is still a fifth of the price.

So I think, I think that's a, that's a, that's one of the benefits of being on CT for like seeing that Solan has seen a lot of the culture movement, I think, I think EVE needs to become an institutional chain very, very quickly. Yeah, it actually lines up just quickly. So in some of the the BlackRock like sales pitches, I think in their formal document I'm I'm quoting here, Ethereum's appeal

lies. It has decentralized nature and its potential to drive digital transformation and finance and other industries. I think the keyword there is potential, right? So like it, it's a bet on the future, but it's not here. So I think I think Mando's making a good point versus the sales pitch for Bitcoin is, is much easier, right? It's just digital gold and it already. Is digital gold 2 words right? It's like it's yeah, it is something easier to sell, but I

don't know. I just, I just saw that there's a BlackRock video that I mean, I'm not going to play here because I actually kind of long and it's a little more on the boring side because they're explaining ETH to, to people, to their book badges to the people buying ETH. But anyways, they're, they're, that's their sales pitch and their sales pitch was around here, access here, convenience and integrated technology. So it's a harder pitch. Like we talked about this on the show, right?

Like a couple weeks ago we were talking about ETS going live and we were like, what's the pitch? Like, how are they going to sell this to people? So it's, it's, it's probably the toughest job, right? But hey, that's their, that's their job and they're good at it. You know, take the take the people golfing, make them buy a couple billion dollars of ease. You know, that's it.

You know, it's, you know, it's a shandy in a, in a, in a round of golf, you know, take him to the Trump Doral, red Tiger. Of course, you know, get, get, get a, get a good round in make them buy the but make them buy a theorem. That's it, you know, that's it. It's the pitch. I should sell it. I should go out there and sell Etis for for BlackRock and shit. Yeah, I mean, I think it's, I think it's a very easy pitch, if I'm honest. I, I, I think you, you, you should be out to pitch.

Eat it. It can change the world. But at the same time, yeah, you need to pitch it as digital, digital oil basically, or basically buying into the payments network or global payments network like you'd buy into what were or Visa or or you know, all these big payment providers. So I think I think they should be able to pitch this. Yeah, they'll be fine.

I, I think, I think people, you know what I like though, I love when the timeline is Max bearish on something because the last few weeks, every time Thailand was bearish on something, something they were wrong, absolutely wrong. So, so that's, that's one thing that's for sure. And so are. People Max Bearish on eath. Dude, I I. Don't know.

Dude, like everyone is dunking on Eath everyone, every big influencer, every fucking CT account, everyone is dunking Ethereum. Everyone we're cracking a joke. You know, like like site comment like uh huh. But it's like look, most of my shit is on Solana and I'm here telling people like what the fuck he is smoking Like we got we got 9 Ethereum ETFs. OK, you saw exactly the playbook with Bitcoin. We dumped and then we turbo

pumped. So so anyways, I just, I just thought it was funny Manuel, this morning, most morning last night, people were like Max, Max bearish. But I think that narrative is going to change very, very quickly. And it's almost like, it's almost like it's become like a left curve trade at this stage, you know, it's like. This is what this is what I don't agree on, because I think how is it a left curve trade if it's trading at 5 1/2 times the value of of Salon?

This, this is what I like. This is why I don't get the left curve right curve, because I think it's left curve maybe for CT, But The thing is is like materially higher beneath like it's not like, Oh, they're neck and neck and it's like, oh, who's going to win? One of them is is trading at 20% the the value of the other. I mean, look at this. That's a big difference. Check this out. Matthew Siegel posted this right. He's the head of digital assets of Vanek.

Half an hour in, $60 million traded. Yeah, that's what that's what that's what I was reading out this morning. So 32%, so that's. That's all right. Huge. It's good people. Think what, 20% remember I think Tyler, you brought it up right, It was 20. Percent, 25% is, yeah, that's where I got my 5 billion. So I mean the 32% holds, I think that's huge. Dude, that's that's so good. See.

Someone the doctor news brothers, weren't they calling for like less than 10% or like they were initially calling for very low inflows, right? That's where the where the. Blood came from. I think the Bloomberg Bros are calling for Waylord in this. So it's it's pretty good nature. Rossi was pretty bullish, but. Not be bearish this, I don't think I, I just don't know how you'd be bearish.

The ETF people getting very, very aggressively bear like even if even if you don't believe they'll be able to, to like sell it as well. These guys are motivated by fees like they've produced that advert because they know they're going to make more fees on this than any other ETF they've made. Like something crazy in terms of the number of of inflows into Fidelity and BlackRock was the Bitcoin ETF over the last 12 months. It was something like 50%.

When you think about that, like if you're seeing around 50% of all of your inflows coming from Bitcoin ETFs, these guys are going to shill the crap out of this thing. Like they are going to be shilling this thing even if it doesn't work out in day one. Like they are going to be selling this thing so hard for the next 12 months. Do not count this out. They'll like this is bullish for E for sure. That's why I thought it's mega more bullish like so like is like Larry Fink last week was on

CNBC talking Bitcoins, right? So like he may not talk ETH today, but like he will be talking it in maybe a month or in Q4 for sure. Like it's definitely coming. Can we maybe just talk one thing about the inflows? So BlackRock saw 520 million inflows yesterday. I didn't move the needle. So are they, are they delta neutral? Are they delta neutral trade on Bitcoin again? Like I remember that we were, we were ground to that conclusion, what a month ago.

And then we started kind of getting more bullish on the inflows on a daily basis because the number was going up and now the number is not going up. I feel like there's, there's been a lot of kind of chatter and confusion about that. Curious if you have a take. I think there's a lot of noise in the Bitcoin ETF numbers and I think there will be a lot of noise in the ETF numbers. Similarly, because funds will come in and they'll do this basis trade.

There's the funds that now feel comfortable doing this, headphones that feel comfortable doing this and they will come in and they'll do that basis trade. So which is where they buy spot, they short futures and they take somewhere between let's say 5 to 30% yield at the moment. Like it varies massively. What I do think is the best thing to look at is total stablecoin TBL. And if we bring that up, that's that's slowly starting to rise again.

So we're we're we're I think the cycle the if you go into D5 Llama, it looks like we peaked at 180 eighty 7 billion roughly in 2022. Where did I go? Here we can see that. Just type in total stablecoin market cap on on into Google and Defy alarm will come up. Make sure you get the right Defy Lama. We bottomed out around 125 S picked 185 bond out 125 and we've been we've been flat for the last few months and then in the last couple weeks, three or four weeks, we've gone from 160

to around 16165 again. So you're seeing a slow increase in Sablepoint TV. I, I think this is, this is what you should be looking at that, that's a much better predictor I think of, of what's going on than, than Bitcoin because it's just so much noise in the Bitcoin ETF and there'll be so much noise in the ETF as well. Yeah, it's, it's it's one thing's for sure. It's about to get interesting, man. I'm just, I'm just super excited. Like this industry is fucking

just getting started. Like, yeah, I mean, like it's just like you have like ETF's now Bitcoin ETF's are going to have a bunch of different ETFs now, like the next one, obviously, like you're looking to the next one, Solana, etcetera. Like things are looking great. Things are looking great. I love it. Could not be any more bullish than I am.

Tyler, Tyler, Tyler Tyler, you must have a top 200 today because shit is popping, including this red candle I'm looking at on D MAGA A seal on just changes every. Holy shit. I'm going to pull up this chart right in a second. Tyler D on FOMO Hour calls the.

Kids hand all right, so ETH is leading crypto majors ahead of the ETF debut of the ETFs are live now though meme coin majors pretty red on the day we'll get into some of that in a bit BlackRock their Bitcoin ETF inflows at $520 million every day while CNBC ran a segment about the potential for the US to hold Bitcoin as a strategic reserve.

So that concept is spreading. We saw Kobe his Co investing platform Echo is going to leave beta this week, so those on the wait list will have a chance to use that platform. Go check that out. Hyperland launched as the first digital asset lending platform on the hyper liquid chain. So so big news for users over there in politics. Polyfi polymarket set new all time highs and volume and users again as Kamala officially gained enough to get the dim

nom. It's not formally, it's not formal yet, but she has the delegates. And then there's just wild speculation on the status of Joe Biden, his health and and where he is at, just in general. Omelet coin jumped 50% back to 24,000,000 yesterday. So qualified, not dead yet. And Bowden. Bowden rebounded 150% as well. Had totally written that one off. But it's still got some life.

We saw the Jupiter team make what I'll call the strange decision to partner with Irene Zhao for an upcoming meme launch. Yeah, those Irene Dow NF TS, if anyone remembers those, they did yesterday on the back of that. And then in free money news, Liquidium, they completed an $11 million AirDrop over on Bitcoin to holders of various ordinals. Broke. You got this. You may not even know it, but you got some of these tokens so that they airdropped the Liquidium rooms, holders of the

big ordinals. So your puppets, node monkeys, OMB, quantum cats and pizza ninjas, and then also to the users of the Liquidian platform. And that token, it's at a $33 million market cap here this morning. Not not bad for a lending protocol token. You're telling me I got more free money today on Bitcoin again? Oh my God, look at that. I got AI, got a six to $8 air drop. But hope that's higher than that. Let me see the other wallet that's worth 200 bucks. Fuck, not bad. Hey, it's.

Damn it, I thought I was gonna go see like a $5000 air drop. You hyped me up. So we were back in in Q1 and we just really didn't realize how good, how good we had it. Yeah, you're right. We really didn't realize how good we had it. But you also just made me realize that I have .10 Bitcoin laying in this wallet too. That's awesome. I love that.

I love your good air drop. I actually, I interviewed the the founder of Liquidium in in Hong Kong during organization and that's where he announced the whole token launch and everything. Smart guy, Merlin, smart dude. They've got some good stuff going on and they're, you know, building some like a lot of people like on Bitcoin, like super bullish on on liquidium, like the, I remember the stage being packed for his for, for when he talked.

So that was really cool. The other thing is I have a question. I hate to bring politics back up here, but we're having internal debate. Where's Joe Biden? Can can somebody please tell me where the leader of the free world is? Supposedly in Delaware hiding out with COVID, I mean that that's the the official story. So they're the odds that he's going to make in a they are actually steaming. So I want to say this was a new bet they launched yeah he's at 70. No, he's not super high liquid

market over there. So folks think he is going to make an appearance today, but it was looking pretty suspicious yesterday. So with the tinfoil hat theory, so there was they, they piped him into the Kamala press conference. But then she made like the faux pas where she called it a recording and then caught herself. So we hadn't really officially heard him say anything yet. Everything had been coming out

through the Twitter feed. You know, some of it had been in conflict with everything that had been said ahead of that. We really just need a statement from him to kind of just clear the air on all this. And I'm just confused about this like as a as an outsider, I'm your cousin of the north of the fellow Canadian North American. You know, I, I'm just so confused about how the president of arguably the most powerful country on earth is missing. I just.

I'm super and I think the simplest explanation is that he's old and he has COVID and he's been sick and probably resting a lot, but that's not fun. That's not that's not what's going to spread on the timeline. So of course there's. Going to be one this one of COVID stocks too. I mean man though you just came down with it. This, this, this kicks you in the face. Really. Yeah, man. Like if he get, if he got it, I think he's I'll at the same time, I think it's wild.

It is wild that he didn't make an appear like he he resigned and he wasn't seen for five days. And it's worse. Yeah. Like I actually think there's there's something to this like that his signature didn't look right. Like he clearly stopped his team helped that all. It's not a temple hat. Like, I don't even think that's a temple hat. I think it's it's he didn't turn up for five days. That is kind of crazy.

That's that's the truth. No. Did you guys see the recording thing that Matt Matt that Tyler just brought up? Did you see that video? Might I think he. I think he was probably in really in a really bad state and to to like probably show him would have been kind of terminal for the campaign anyway. So it's just like, well, you know, I got COVID. So raises the question like. Sorry, I felt terrible. I felt terrible. Like I I actually thought like

he's 82 and he got COVID like. Oh fuck, hold on. Breaking news, the Secret Service director actually resigned. Yeah, we knew the she had. That had to happen. Good. I'm like. I saw the like it's no Why also? I think I've seen that too, right, Mandel? Like we Also why is nobody following up on the fact that they nearly murdered fault and we don't even have details on that either. What's going on in America?

Tyler with. It feels like that's not being talked about as much as it probably should be. What's? Going on that is an insterozine. It's not even political in this scenario. Like I have no idea what the hell. Like you can hear about the story. You're like, well, yeah, this guy was on the roof and like, we spoiled him like hours before and people are shouting yet as he's up there. It is before people like, yo, dude's got a gun on the rooftop. He's just sunbathing. It's like. What?

What? What is going on here? Indefensible. Yeah, I think more, more heads are going to roll. Probably still still would come from from that one. I don't think we've seen the end of it. Oh my God, this is now. We'll buy and finish. This term is just at 57%. 57% Wow. Wow. I'm on the no side of that. I actually did a bit thing. I mean the the resignation I think was super abrupt and

surprising. I don't see like dude, I think waiting till he was perhaps healthy to to step away and could actually make a statement would have made more sense. And then now like like they really are pushing Kamala. Like the best chance is for her to be. The exactly. I think it's the best thing for Kamala here is that he resigns because then she can have a clean break. She looks more presidential.

True. You know, she could she could pretty do some things and on like like foreign diplomacy, that sort of stuff. I I think I think that would be the best move by the Dems. I don't know if like it but. I don't know, my polymarket bet on on Michelle Obama being the Dem nominee is not looking good right now. I'm down 50%. As soon as Pelosi. As soon as Pelosi said it. Pelosi Yeah. Dude. Pelosi decided this right Like she needs the reason. Why should probably get out

while you can. Yeah, it's OK. I only put 100 bucks in there. I'll just write it to 0 or Hero Classic. Speaking of writing Zero to hero, how do we think, do we think this guy that turned $405,000 to $1.8 million sold his dark MAGA before Elon just changed his PFP back? I mean look at this red Cam him just sent us. Oh my God, it's less than 10. Dude it just dropped 84% in an hour.

Someone sold I'm on big salt he. Stole this he changed his PFP back right and and and the and the he went back to like regular Elon whatever and and it's insane. Oh my God, dude. Can we go into the telegram? Can we live stream us? Go into the? I just want to see what everyone saying in there. Yo, what's the dark MAGA telegram? Is there is there is there is there Twitter for it? Like, I don't know what do you find that like? Maybe that, yeah, that dot maga. Maybe that's it.

No, go on the decks. You should be there. Right on the decks. Oh yeah, Middle, middle. There it is. OK. I'm entering the telegram for my dogs. It's fully dogs. Everything. Fuck it. Open telegram. All right, let's go. We're Hold on. Let me let me just open. How do you open a chat separately? There is, there's nothing going on. I mean, there's there's nothing going on. There's no. Bearish. Hold on, I'm verifying that I'm not a robot. Verify.

How does this work? Why is this so complicated? Wells of manipulating the price. It's bullish, hold on bullish. So there. It is so. Funny. Hold on, hold on. How do I, I 'cause I want to share the chat, but I don't want to share all my Telegram chats. If oh, I hate them, I hate them more. Good. It's just we're in the middle of a lot of sensitive and important things and I don't really want to share all that stuff. How do I share this? How do I share Telegram on this here? I don't know.

Maybe web load? You can't. I'd have to share. Your whole screen, but that's can. Be can you see my whole screen here? Can you see Telegram now? Yeah, we can. Team is still. Here not. Selling dev is still here. Hold on, let me post. This is so funny. Hold on, team is still here, you just D. Magger is bigger than Elon D Magger is bigger. Than Elon. This is a Trump token. D Mag is bigger than Elon. What a wild, wild. I just love these telegrams sometimes.

Look at these people. Game one soul at a time, just to like, just. What? Happened. Doubled my bag here. Yeah. What happened? This guy just woke up. Be right back, reported A-Team member. Regardless if Elon changed his photo, who cares? This is a Trump coin. No motherfucker, there's like 50 million Trump coins even. No maggot leaving Trump on Earth is dumping I. Don't. Maybe it is, maybe just I don't want to get into. I just I love to see. Yeah, I don't. Want to sheer a sheer panic?

You're calling you on a clown for changing his PFP? Who cares that he sources PFP like a clown for? Let's let's put it together. Let's triple this thing. All right, let's go. Let's go guys. We're rooting for you. Listen, we're. Very bullish for a different somewhat related coin that I bought yesterday. It's only $1,000,000 market cap so I don't know if I can get into it on on this. Here, I mean, I mean, does it have less liquidity than your amount of followers? That's the rule.

More liquidity than the ball. So that's good. It's it's a catch phrase that Elon said in that interview that was going pretty viral where, where he was talking about like what happened with his son and now daughter who who went through the the gender change. And it is a tagline that could get picked up like 4. Oh, here we go. So I left the chat. I had to leave that chat. That's too funny. The market, this turbo is like rage pumping right now. I don't know what's going on.

Bitcoin's back 67 three. It was like 66 K. We start to shop. Yeah, we just got $1000 candle. These bulls on parade. Dude, let's go, dude, The thing is about to to cross over 3500 again. You'd love to see it send it, baby. I woke up this one and I was like this does not feel right like this is this makes no sense like this. It's like that was that that made no this this sell off anyway. So if you're in D MAGA, I hope we could help you a little bit here.

But anyway, so sorry guys, that was so funny. I just wanted to see if a whale had sold, but seemingly it's about the profile picture. I didn't know if it was like debs have not left. I just love that line. We've all been a telegram like that before. I think we should CTO it.

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