Yo-yo, yo-yo yo what up? What up? Good morning, Good morning GMG and Friday. Wow, what a Friday. May wedding 9th, 30th, 30th Wow May 30th, 2025. Look at that another beautiful day to have a beautiful day. I got my calls in the house. Woo Ovi been a while. So I hosted a show with you. Ovi. Good morning. How you doing today? Good morning, man. Yeah, I'm good. It's Friday.
Market's not great, actually, but we're off the lows on Bitcoin. At least we're off the lows on Bitcoin. Yeah, off the lows on some things. But yeah, I'm good. I'm glad. To see what we're definitely BTCD is definitely hammering up and my bags are definitely hammering down, that's for sure. That's every time. Every single time you got MF first on the timeline saying BTC dominance topped or or out season.
Man, I was literally about to put out a post like yesterday about like, I really believe in alt season. I'm picking my balls on the table. We're going to have alt season. I'm glad I didn't because it would have been bad timing. I will do at some point. I just have to find the right moment.
So I still do believe that. So, so hold that thought because I do want to talk to you about this because I put a pull out yesterday about do you think there's going to be an alt season and then the market dumped. But hey, I'm just asking the questions everyone. I'm not calling all season. I still have not made my personal alt season call. I'm holding it for and I'll be right OV you know what I mean? Because then I can be like I told you so. That's how.
You do it exactly. That's how you do it. You know, we're like experts now, you know what I mean? But hold that thought because I do want to talk about it because I put the poll out up and also to the top of Twitter space on the show, guys, it's going to be short and sweet little morning show as Mando and Tyler are out out in the bout. So it'll be just Ovie and I we'll chat markets.
I was thinking maybe overnight construct markets, especially because we just dumped and, you know, we're heading into the summer and the summer is known to have, you know, low volume, low this low that, but could also be fun, you know, study, study summer 2021. So let's talk about this. There's a lot of news regarding the tariffs and everything. So we want to talk about this. Then let's talk about, you know, let's talk a little bit about like building the space.
I'll talk about racks, I'll talk about brand coins. Want to talk about all this stuff. So we'll talk about about some stuff over. He's been up to. I know you've you've actually been cooking. Love that. So you know the timeline and then we'll do the giveaway as usual. So we'll we'll give some money away to to a lucky winner. Someone will come on stage and we'll pick from the win from the referral list. We'll let OV pick a number and we'll give someone some money.
And then last but not least, this show. This show is powered by wallet connect Wallet Connect is the connectivity network shaping the future of on chain UX. If you've connected to Web 3 app, you've seen wallet connect. That blue logo, it's everywhere. And I kind of trust in crypto is recognizable as visa. Check out. Want to learn more? Follow at wallet connect on X and Telegram to stay ahead of what's next.
The founder and core contributor was on the show yesterday, so you can definitely go back and check it out as they're cooking OV ovi ovi. I'm curious with thoughts on the market here. But first, I do still have your Jingle, so I I may as well just I may as well just hit it. Daily market report brought to you by Rogue Radio Joseph. What's the word? Oh, you're muted on stream yard? Can you hear me now? Yes, Sir.
Sorry, as I just read it from time to time, because there's a bit of, it's a bit noisy where I am market, you know, like I, I, I think I tweeted a couple of days ago that I was like, we're probably going to see some sort of liquidation on Bitcoin. Like it's very clear. Obviously, you know, the elephant in the room is, is James Wynn and his massive positions. And I think when you do that from one account in such a public fashion, yeah, it's your your easy pickings for big whales, right?
Like, it's very easy for a bunch of people to gang up, short it, push it, liquidate you, cover their short in that liquidation, go long, push it back up again. And that's exactly what happened. And I think the Wick went down to what, like 104103 I think. Where, how I I don't even think we went that low yet. I. Think it was pretty decent weight, maybe I could be wrong. 4-6, yeah. OK, 1046, but not not too bad. But you know, obviously that people had shorts to cover there
too, so they did. So I think that's what has happened on Bitcoin. I just saw he's gone long again. No. Yeah, but it's much, it's much smaller size, Yeah. Oh yeah, he doesn't have size anymore. Never mind. Like 48 mil or whatever. I mean, that's still not nothing, but yeah, it just feels like there's a lot of long and
leverage hunting. I think if you looked at a lot of the meme coins that ran up over the past few weeks, stuff that you know, Bonk guy was talking about, etcetera, a lot of them had relatively high leverage, like people just, you know, big lever positions and that they've been money on. So seeing some of that stuff wiped out, I think it's just a natural course of action. I think once this all cleans up, my guess is we continue to go higher and we continue to rally.
And on a macro standpoint, I'm still pretty constructive and pretty bullish as well. Like I think the tariff headlines we had over this week are just for me, they were like nothing headlines. I was kind of surprised we rallied on that court ruling. I wasn't surprised that they overturned it. I personally thought that was kind of like a nothing headline. And I don't think that's really
the real reason why we rallied. The market right now is trading to me like people want to buy risk, people want to keep adding and US money supply is still going higher, still trading higher. So I think we'll, we will bounce from here. That's my that's my hunch. We, yeah, I mean this range, I mean on the show we talked a lot about the range. So this has been kind of the range, whatever the one O what it was like 9090 K, one O 4K.
The one the range has been, we've been in since like November and we broke out of it and then we kind of been ranging since. And so we were expecting to kind of kiss it again top range. So that's kind of where we bounce this morning. Yeah, it's kind of you look at, you look at that chart and again, I don't breathe even charts. We look at that chart and it looks like to me that we're at a level where we should bounce.
So that's my hunch. And I know Bitcoin dominance has gone up, but I think that's partly due to a leverage wipeout and a lot of the other stuff. And I think people getting a bit scared, taking profits, all that kind of stuff. But I do think I'm a believer in alt season. I do think we will see alts rebound very quickly.
Like I think it's a good spot here to buy alts or buy me anything that you'd like a lot that's down or maybe anything that you like a lot that isn't down, but it's outperforming the market. Like you know that also Austin shows its hand too. So I would I would look to go shopping. I think with this price action, that's how I feel. Look at the total 3 chart. Fuck it's been the same price since like it's back to like May 20. Actually, it's back to May 2021 prices. Yeah, exactly.
It's it's crazy, right? So I think, yeah, I just think, you know, the last time we had a proper alt season was summer 2021. And I think most people have accumulated so much PTSD since then. And no one thinks it's going to happen. And people have are so scarred that they want to fade moves high, they want to keep selling. No one is, no one is like, I don't think many people are prepared for the the style of price action we had in 2021 when things can go like 10 to 100 X
very quickly. Every 100 million coin is a billion. Every billion dollar coin is 10 billion FTV. Like things can just gap very quickly because of how constrained supplies and some of these tokens and because of how low liquidity is when a lot of capital comes in at the same time, things can go really parabolic and that that parabolic move, when it happens, that will be some sort of a blow off top. And you're you're absolutely meant to sell into that. And it mainly lasts for two weeks.
It mainly lasts for two months. And I'm not really sure, but I do think it will happen. I think we're going to I think we're going to see it. I have AI have a feeling we're going to see it this summer, to be honest with you. Like that's my belief. Yeah, I mean, I put a poll out yesterday. It's on, I retweeted it for those of you who want to participate in the poll. But we have what, 10 hours left, 768 people responded so far. Do you think we're going to get an alt season?
56.4% of my following so far thinks we are. So let's talk about this. I I'm always scared of calling for alt season. Like I said, I I've never called it. I don't want to call it because this is a weird cycle because like it's alt season, but also not every alt, right? Just because the alt was like like $10 billion last cycles, it means going back, right? And so you have ETH trading at 2585. So this actually held pretty strong this time around.
I think he barely kissed 2000 on the Joe Lubin news with S bet and everything. Soul is back down to 161, not looking great. And then you have like, you know, Farko has been the leader of this cycle. I mean, it's got really hit pretty bad from 160. Pepe is also another leader of this cycle, back down to 540. Mug is another strong one, back to 393. You guys have been strong. I mean, barely down. And then Hyperlink, which has kind of been the winner of this
second leg of this cycle so far. Back down to 32 from what, $39.00 high? So you seem to think we're getting it all season. When would that be, do you think? This is kind of like summer summer thing where Bitcoin relaxes a bit and we get it all season like in 2021. I think it's the summer. Yeah, I think we're, I think we're very close to it. And we and we've, I think we've started to see signs of it, You know, ETH staging A comeback, Bitcoin dominance looks like
it's topped. You're starting to see memes rebound. You're starting to see like some good stories on alts out there as well. So I think we're very close to it. I think it could well be the summer. You know, I've said this on a a few times this year, but I think we're in for what it's famously known as the lovely summer of risk and the last time that 2021. So that's my bet. You know, I think that's what's
going to happen. And I think the way that I view it, right, it's like it's going to be one of two ways. Either it doesn't it does happen or it doesn't happen. If it doesn't happen, what's the pull back going to be? 20-30 forty, maybe 50, sixty, 70% on some also memes like it could be a nasty pull back if you get a pull back. But if it does happen, if it does happen, things are going up 10X plus there's going to be a lot of 100 XS out there. So for me, it's like it's not a 0 probability.
I think it's a greater than 5050 probability. But even if I only thought it was a 30 or 40% chance, even if I only thought it was a 20% chance, I would still try to position for it because if it does go up 100X, whatever it is or 10X, there's a lot of money to be made there, I think. And I just want to take that gamble. Like I want to take that bet. That's the way that I view it. I think that's a bet you want to take. It didn't make sense to take that at various.
Maybe it does make sense to take that at some points last year, but you know, throughout Q4, it didn't really make much sense because you, you could see that Bitcoin was the thing. But now I think it's worth, it's worth gambling on that. I think, I think it's worth a gamble. It's a bet. It's not necessarily an investment. It's a bet, but I think it's a good bet. Yeah, I mean, you wrote about this and I saw the clip on Rex radio, which was hilarious by the way. But a lovely summer risk.
All tariffs, dips continue to be great buys bears in order, shambles. Probability of alt season drastically increasing. Prepare for lovely summer of risk. Many people will be making fortunes. I do agree with that personally speaking. Obviously I'm positioned for it as well. But like I was saying earlier, I don't think it's going to be all alts. Not all alts are created equal, right? Especially the cycle. Not all memes are created equal either. Only specific memes pumped in
the last recent pump here. How would you pick the alts though? Like this time around when it comes like where, where are you? What where's your I know your head's all in what you're building with RECT and busy with it, and obviously you're bullish on that. So you could use RECT as an example I guess. But where's your head at with this cycle for alts? I think I would. I would say memes fall into alts
so I think I agree. I think there are some memes that have shown their hand like Pepe fart coin. Those are the kind of like the only two MOG. Those are the only three that I would say I'd feel comfortable like holding without looking at the price all the time. There are tons of other means out there, but the problem is they seem to have a short lifespan. You know, like the same cabals will run them up to 100 mil, dump them all and then move on to the next one.
And maybe they'll be like a really cool coin that will come out that will last for a few months and what not. But you know, like house coin is a great example. Everyone was all over house coin and now it's just like, kind of like, I don't see anyone talking about it. Right. So. So do you think memes is is a good place to be in? But you know, the only ones that I would hold over for more than like a week would be Pepe Mog and Farkorn. And Farkorn, yeah. SPX is doing good, so are
billions. Actually, you know what, I like SPX too. I would, I would like clearly they have, you know, hardcore believers. So I think I I would add that. To that, it's tough not to give him credit anymore. Like even on the show, he. Actually was talking about it, but he's he hasn't changed, you know, he hasn't changed. He's been pushing it, so fair enough. And then for alts, I think I'm still bullish on the AI stuff. I think it's worth looking at
that. I think some of this info fire stuff I think will probably do really well just because everyone is talking about it, everyone is farming it. You might hate it and I personally find it quite annoying on my timeline, but it's hard, you know, if you hate it, there's probably a reason to buy it. You know, that's the way I view it. I think some of the info fire stuff will do really well. Obviously, you know, I'd put RECT in there, Rectus, I guess
within the meme coin category. But you know, we call it a brand coin. We call it a brand coin over here. But yeah, that's an example of something where like you want to buy whatever coin you buy. You want to buy a coin with the team that's running it. And you may you may not know who they are. It might be an anonymous cabal or might be a Dox Fowler like
myself. But if you want to benefit from old season, you want to just find things that you can hold over the summer where it's not going to get rugged or where you actually know who the guys are behind it. You know, people are going to be working for it, working for their bags, all that kind of stuff. You know, with SPX, you know, I'm not using this example. You know, Murat's not going to go away, right?
He's going to be fucking making these Tik toks and chilling it as hard as you can all throughout the summer, right? And same thing for Rex that, you know, I'm not going away and you know that we're pushing aggressively and you know,
that's my self focus now. So I think with those kinds of coins, if you're not in the whole like rotation game, you could that's those are really good like high convexity plays on an old season where shit like that can literally just 10X in the blink of an eye and before you know it suddenly it's at a billion. So that's the stuff I personally would look at. Yeah, I agree with you. And, and I think that the ones you named are true.
And I'd rather buy a coin where I know people are going to like be building in it for, for a while. Or at least on the on the downside, you know, that they're going to be like when when you guys went from like 100 mil, 125 mil to like what, $12 million? Yeah, it's like what, 90% Rick was down? Yeah, pretty much 90%, yeah.
1992 or something like that, but at least you were like building something and then markets turning around and all of a sudden you have like the shipwrecked and the fucking abstract and the next one and the next one and the LA thing. Whatever's going on, you're announcing it's like, oh, wait, this thing's back up to the 120 mil.
Oh no, I meant, but it's like I was telling OB there was a point the cycle earlier where like I had to, I sold a ton, like almost I've sold everything and I just kept wrecked because I was like, whatever, it's not 90%, but it's OV at least going to build. And then I bought back my coins, but my wreck was also backed all time high with it.
So it's like, OK, it's perfect. So it's like, I think you're a good example, obviously talking in my back here, but at this stage people know and there's a lot of red guys in the audience. But this applies to not just OV, right? It applies to like just and not just wrecked. It applies to like other people that you think are building something in the space and are going to stick around.
Some people like Launch Coin. Now they're going to go probably through their hardest phase right here, by the way, Launch Coin and they believe ecosystems like are they going to be able to sustain that? But I think another good example of these virtuals, they like they came back of the abyss. Like a lot of people remember the whole mean like over tools making $12.00 a day, whatever. I mean, look at it's kind of like you guys like it's kind of correct. Yeah. It's it topped the PICO top
recently at $1.7 billion. It's chilling at 1.4 from a $200 million low, $215 low. So I would invest in like those. How do you feel about the solely trade here? How do you feel, because I know you've played both your early to the youth stuff, you're early to moving to Solana and you've played the ecosystem pretty well in the eye and stuff. And now you know obviously you're building an Ethereum L1L22, I guess with abstract and you have the base, you know,
base bridge. How do you feel about Solis here in in the Solana ecosystem? I do think ETH can keep outperforming here it feels like. It feels like the tide has turned on the ETH. I mean wow, I didn't realize that chart is where it is now. That's crazy. I didn't either, yeah. Yeah, jeez. So from these levels, I'm not sure because it's had a big correction already, but I do think ETH will keep doing well here. I do think ETH, BTC at least can go higher.
It just feels like ETH now sort of the momentum has shifted where ETH sort of has the wind beneath its sails a bit. I think people are getting a bit tired, getting a bit tired of the whole like meme coin like Internet capital markets thing going on where like everything is just a scam basically. You know, like at least at least with meme coins it was like, oh, you know, these are people are not promising you any value.
But like with the whole this like Internet capital market stuff, I've seen so many coins where like, oh, we have this like app in the App Store and shit and like I try and download the app. It doesn't even work. I'm thinking like, is anyone else actually like trying this shit? Or is it just all these like Web 2 extractors coming in, you know, making money off it?
So I think that all that stuff's put a bit of a bad taste in people's mouths for Solana. I do think ETH can have a bit of momentum here against it. I don't hate or dislike Solana. I love Solana and I think it's a lot of fun. I think the casino will always be the casino that will always
remain. But it does feel like the ETH, it feels like some of the big ETH guys are making moves and the whole aspect thing with Joe Lubin, etcetera, like they're, they're big guys, they're making moves, trying to push ETH again. And that's something I think you don't want to fade, I would say. Yeah, it's it's that's definitely the case right now. And I think that's a good take. And then you have all the, like you said, all the info fi I'm actually curious what's Kaido
trading at right now? I was like a 2 billion FDV the other day. Still at 2 billion. Jesus fucking Christ. Strong, strong Jesus. Wow, this is good. So you have that and then obviously right now the Laudio stuff and then you have the newer stuff this cycle, which is like hyper liquid, which is trading really well. It's $30 thirty, $1.00 still. So it's, it's pretty impressive. So there's a lot of good stuff
in that sense. And so one last thing, the tariff stuff, you don't you're not worried. So what's your read on like? I know Trump loves to come too late, Jerome Powell and the rate cuts and everything, but inflation is high. It's like, what's your general sentiment here on macro JP and everything I? Don't know, I think I'm not that worried about macro like other people are. My core view is that tariffs will get resolved because they have to.
I think right now it's just a lot of posturing and posing and people trying to get the best deal for themselves. But I do think we'll see resolutions. We, we see progress, then we see a stall, then we see progress,
then we see a stall. But the general trend of progress I think has been up since we had that big crash in April. And if you look at the economic data, you know, like inflation is still whatever it is, 2.8%. I know we expect it to go high now because of the current tariffs that are in place, but it's not like we're starting at like a relatively low base. It's nothing. It's nothing that's crazy. And we're also starting with interest rates in the base rate still in the mid fours.
Whereas in 2022, you just remember like the base rate was basically zero and then inflation started to go higher. And then we're like, shit, the Fed has like no wiggle room if, you know, if shit hits the fan and we go into a recession. Whereas right now. If you do head into recession, in that case, you know, inflation usually stays low. the Fed has so much room to cut if it needs to, like it has a war
chest of of room to cut. So I actually think we're in a pretty healthy position from a macro standpoint. And I think if you look at the US money supply chart, that keeps growing and it is a good leading indicator of Bitcoin. It always has been in the past. And once again, it's proven to be true and you can see what, you know, Raul and Julian Bessell and the, and the Real Vision guys post about that.
But if they've nailed it really. And you know, that's what I think that's why I'm still bullish from a macro standpoint. I'm still bullish from a crypto standpoint. I think people are just, I don't know, I think people are just a bit scared for no reason because they've just lost money on meme coins or something like that. It's good though, right? Like you need these pull backs, right? Like at some point, like you feel the froth. So it's, it's often, you know, every time I buy a watch, I
should sell My Portfolio like. Well, you, you kind of do if you sell your portfolio, some of your portfolio to buy a watch you've actually like cashed. Out, I know, but it's like 1%. I know yeah, about 1% or yeah, maybe. Fuck, you know what I mean? I'm getting like I'm getting. I'm getting fucking Lana and Wiz are fucking ripping me a new one right now in the chat. So it's like when you buy your
watch again, fuck you. So so you know, anyways, I do want to move on here to to to wrecked and what you up to? You've been killing it. I love it, I love it, I love it, love it. You talking about info Fi this and that. I mean, you guys are doing it without any of the you know, you kind of like the I mean, I guess you've built your own brands. It's different, like even for me, right, it's different. Like I don't necessarily need to go through all the info fi stuff, though.
I I think about it sometimes, but with wrecked and I think the most interesting post you've put out there, and you know, we often joke about on the show, but in a good way because we love it, is brand coins. You've you've kind of coined that. So tell me Obie, what? What the fuck is a brand coin? Let let me put it this way. So the the meme coin space is a very big space. Pepe, is that a meme? Yes, it's a meme. Is with a meme? Yeah, it's probably a meme.
Is Trump token a meme? Probably not, right? Like I guess you can make memes about Trump, but it's probably not a meme coin, right? Is MOG a meme? I don't think so. Like, you know, I think it's more of a culture coin. It's more of a movement. Is SPX 6900 a meme? Like not really. It's not a well known meme. Again, that's more of a
movement. So I think like within the broad category of meme coins, which I think the best definition of that is like coins that have no provide no utility and have no cash flows or revenues. It's a very broad term. So I think like for us just to say, OK, Rect is a meme coin, it didn't feel like it really classified it in the proper way, especially because I think, you know, I'd see a lot of comments of people saying, oh, you know, Rect isn't really a meme.
Like there's no, there's no meme to be had there. Rect guy, I think is sort of like a memetic character. But again, like it's not really, it's not really there. It's a strong meme, but what I do like the idea of a single a brand coin, which I think still fits into the meme coin category because again, like it has no utility and no like intrinsic value. There's no way you can value it on like a model driven basis. So let me put it this way.
Let's say you're like a everyone likes some challenger and start up brands out there. Let's say you find like a cool clothing company really early and you want to support them. How do you support them? Maybe you share them on your socials and stuff. You buy products from them and let's say in five years time they blow up and become huge and global. And what do you have to trade for it? Well, maybe you have some like pictures of yourself, like buying the early clothes.
Maybe some of those are valuable or you have some bragging rights by saying, Oh yeah, I found these guys five years ago. But that's that's kind of it. Like as a supporter and an early Finder of that brand, you haven't really been rewarded for it. Now let's say you buy some red drinks and you earn some red coin and you hold that coin over
the next five years. And let's say in five years time wrecked becomes massive and we crush it and we absolutely kill it. Will that coin be higher in value even though it doesn't own the IP, even though it doesn't directly benefit from revenues? The answer is still probably yes, because coins trade on sentiment. They trade on speculation, they trade on attention. And if we kill it in five years time, it will probably be higher because it will be commanding a lot of attention.
And I think the success that we've had in the last couple of months, you know where the coin is 5X basically has shown you that it does trade on that attention and that success. So in this, you know, instance, if you support the brand and you buy the products early and you get involved, you, you know, when you buy Coca-Cola, you just buy the drink, drink it, and then you kind of like get on with.
Your. You buy a red drink, drink it, hopefully you like it, and then you earn some of the coin. And if you then hold it over a few years and we kill it, you've now like, have a stake in that, right? You have a stake in this, you know this brand and I think you know on the on the balance sheet of any brand, you will have a line which says goodwill, which is an intangible asset. And that's generally the value of the brand.
They estimate it. There's no actual number for it, but they estimate it. So Coca-Cola will have a goodwill line outs when the balance sheet like, I don't know, Hugo Boss. I don't know why I said Hugo Boss pretty random, but Hugo Boss will have good, you know, good ball lands to the match sheet. That's like the value of the brand, right? It's intangible because you can't really refine it.
But you know, this is kind of what like a brand coin is like people are buying and selling this brand based on their sentiment and the feelings of it. It's an intangible thing, but it's been like packaged up into something that's a tradeable asset that actually has a price and has buyers and sellers. So the way that I view it is like a brand coin is kind of like that goodwill line item on your balance sheet, which is like the intangible value of the
brand. And that I think is an interesting way to really look at it. And that's why I think this is potentially, you know, like revolutionary. I think like if we if we do really well at this time, we kill it, which have, you know, high confidence that we will, I think people will look at it and be like, man, that's, you know, that's an interesting way to do this and approach this stuff. I like that.
I like. So let me ask you something because, you know, we were talking that was news this week and it was actually super sad to see, obviously, but like 90CC had to wind down their operations, right? And they were a company that was trying to crack into like a pretty tough industry, which is the fashion industry. They were doing well in what 3 at least the beginning. You know, they sold that many times.
I don't know. And then, you know, they tried to crack in the fashion industry and I think G money had to wind down because of that. It just didn't work, right? And then they ran out of money. Obviously it's way different approach because you have the token, you have the equity of the NFT community. So I don't want to compare or take away from what you've got because it's actually impressive and I've been there since day one.
But how do you plan on cracking into that web to like even Luca, right, with the toys? It's I'm sure it's not that easy, by the way. So how are you planning to like crack into that web to, you know, drinking industry? Because there's a lot, right? Yeah, it's not easy at the beginning. At the beginning when you are telling people about this idea that you have with no numbers on the table and nothing to show for it, it's very tough.
But once you start paying some numbers up, it actually becomes much, much easier than I think people realize. Because you know, we did the first drop, right? And then the first drop, we sold like more sparkling water in 2 days than Tesco does in, in across all of the sparkling water brands in the same time period in the whole of the UK. So like these numbers are not small numbers that we've sold half a million drinks almost in just three days of sales.
So when you have numbers to like that and then you go to like the Web 2 or traditional guys, everyone is like, what the fuck is going on? Like how are you guys selling so many drinks? How have we not heard about this? How are you guys doing it just D to C from your website without even having distributors, without having anything on wholesale? Like it's a very like new thing that I think is very disruptive.
So actually like on that side of things, it's been really easy to have those conversations because we can say, hey, look, we are a Web 3 brand and we've been building this for three years. This is the size of our community. This is how cult like and sticky and strong our community is because every time we do these drinks, they sell out within, you know, a few minutes now. And this is the potential for
something to be a lot bigger. And obviously people have stuff like prime in their mind from in from recently and other drinks brands when they first start out and and take off. So this is, I think very, very similar thing, but the web 3 version of it. And by the end of this year, you will see some pretty big moves, I think in terms of getting us having a footprint in the traditional world.
And that's the thing I think we really need for because right now, like we have some great people in, but no, I feel like no one, there's no apart from us and our community. Like all the wrecked whales are like people within the wrecked community. I feel like there's no, there's no big CT person out there who owns wrecked or even talks about it or has even looked at it, which I think is a bullish thing because it means there are buyers out there.
If this thing takes off, there are buyers out there who will want to buy into it. I think they're starting to like the other day. I mean, I sent you a screenshot. I'm the one named them, but they had like pretty big whale hit me up like, yo, why do you like Rex so much? And then I wrote them and This is why I like it. So maybe that's how it starts. But you're right, like they don't it's not like let's say like, and I'm not calling out on them or or the threat guys of this world.
And it's not me calling. I'm just saying like I'm naming easy top like gamesies or like aside from your homies, you know, it's not like a lot of big CT folks just talk about it, but it's a pretty successful model so far. Yeah, I, I agree. And I think like for us, once we start doing the mainstream stuff, I think that's when things will click and people will suddenly realize, yeah, pudgy Penguins, you pudgy Penguins had their early
supporters. They had, you know, everyone who backed and believed Luke at the beginning. But it wasn't until the Walmart thing that people were like, oh, fuck, this is like legit now. It's not just going to be like a, you know, Web 3 circle Jack thing. It's it's actually going, going mainstream. I think we haven't had that moment yet and that's what we're trying to work towards. Is that moment coming? It will come that moment will come it.
Will come, I like that it will. I like that it will come. It's you're right. It's funny in this space we obsessed over like all being within web 3 and stuff. It's kind of like reminds us of NF TS 2021, like we found to the I found through it at least, and a lot of people did. Whenever a celebrity with PFP fucking cool cat or punk or whatever, be like, Oh my God, we made it and then the floor would pop like crazy and then like you'd realize they don't really
care. And then and then this time around it's like different. We want to get our products into web 2, you know, like Walmart and you know, for you, I, I, I don't know what you got planned, but you'll probably you talk a lot about boots, let's say. So I'll just say boots, like boots in the UK or something like this, But that's, that's, it's different. It's actually much more valuable, if anything, and that's what we want most. So I think that's that's when it's funny.
It's when people wake up to the product instead of early on, But you know every. I think on the, you know, an outside person who's not involved in the rec ecosystem probably looks at it and thinks, oh, that's kind of cool. But you know, how do we know they're going to keep doing it? But as soon as you're in, you know, like a household name, then that's when people, I think, wake up and like, oh, shit like this can be can. Be big.
Yeah, You know, everybody buys rec to the price they deserve. So, so I love that any I mean though, you know, I cannot, I think we, we've gone around the home pretty well on markets and rec. But like, is there anything else you want to shout out on the rec side? That's kind of it we have. So we have this open C drop coming up pretty soon. What's that about? So it's just a next ring. Hey, I've got. That's the can. Hey, let's go, I. Have my first one this week actually.
It's pretty good. Yeah. So we had, that's our next drop. We have that coming up. It's going to be on open C that you're going to be able to buy NFTS on abstract and you'll earn open CXP, you'll earn abstract XP, and you'll also earn recs drag points as well. So there's like a triple reward system baked into this one. And if you want to take part, we've made an allowance for anyone who purchased drinks in the past or people who own rec guys or if you own like $100 worth of rec coin.
But also we're running an allowance for raffle as well. So just head over to the rec drinks account and you can see all the information there. The raffle I think closes in about a day, so make sure you like you get involved there. All right, there you go. Make sure you get involved over there and check it out. As our coins continue to get decimated, I wonder when that bottoms in the form will be. Is shit going down again? But it's just kind of not great.
It's just kind of not great. All right, let me get to this YID stuff. It's just our our YID daddy Mando did not top up our account, so I need to front it. Hold on Shit. I I didn't send I didn't send money here to the seed account I was looking at yeah one second it'll take 2 seconds to deposit. I got a deposit 500 bucks at least so that we can so that we can play and then we'll pick a winner In the meantime, Ovi, maybe you pick a number between
1:00 and like 100 and then I'll. ATA. 88 I like that one second USDC to this account for Roc dot E one second pick 88 probably got to count 88 times. All right, one second. OK, I fronted 510 dollars. OK, I fronted 510 USDC for the record. Boom, OK, boom. OK, so that's Connor, he's an idiot. So now let me go to the referral. So today, since we don't have Sims without the raffle bot, we're going to pick someone that's directly using the formal
reflink. You know, because that's only fair in my opinion, to give back to the people use our reflinks. Make sure you go to e.com/andthennot/just formal our referred users loading man, they're killing it over here. Like I, I like how you guys, you went direct way, you know, you're building your things out the tabs and it's helping you a lot on that front. And then Mando, you know, and KBM went the went the heat way. Yeah, yeah, it's weird.
Like I and everyone's been extremely busy as well. So it's just like I wake up, I'm just like working on rec stuff like the entire time. And then like I probably speak to speak to tabs all day. I probably speak to tabs more than I speak to anyone else right now. And then yeah, just sleep and then wake up at the same again.