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Ahhh, crypto markets are MOONING! - Rekt Radio #110
Recorded: June 25, 2025 Duration: 0:55:15Space Recording
Short Summary
In the latest episode of Wrecked Radio, the hosts discuss exciting developments in the crypto space, including the launch of the RSpaceX token, strategic partnerships to enhance user engagement, and the ongoing trends in meme coins. The conversation also touches on the growth potential of innovative trading strategies through the Hyperliquid vault.
Full Transcription
. All right. Welcome, Rector Hio.
You there?
What?
Episode 110? I thought I was taking over my intro
episode 110 is sick I gotta say was it always once a week sponsored by yeet the best crypto casino the only one you should be playing on
i agree actually last time i was sort of like uh 40 effort shilling luck a little bit but now
luck is trash i don't know if you saw the probability issue like they can change it
yeah now i'll flood them i don't care i got I don't care coming at us I don't
even know why very bizarre behavior we've stopped engaging just because
every arguments been in bad face so far so I would ignore people do whatever
yeah it's pretty much slash ignore at this point see that weirdo trading acts
made a post who the fuck knows what's going on there? Yeah. Isn't that Andrew Tate? Everyone says that's Andrew Tate. Yeah, it's definitely
not Andrew Tate, bro. It's like some guy in his
garage and fucking running or some shit.
We can see the kick
chat. Okay, awesome.
I'm on the kick. Have you guys gone on the
kick? It's quite cool.
It's worth going on.
We only, we've kind of
swapped producers today again back to our
normal producers who are back on the restream.
We're not going to be able to see the chat
up on screen today,
but we'll be there hanging out.
Go check us out on Kit. Go follow
us as well. Obviously, a lot of
prizes are going to be tied to that.
Yeet versus
Luck.io, it feels like.
Not even a thing, though.
Feels like we're not going to go there this week.
Too much drama with those guys.
I don't even know.
It's just bizarre.
It's weird.
But whatever they want to do.
But it's good to have you back, Kook.
Obviously, yes.
Last week was your first full week as kind of a co-host.
OSF is apparently going to be coming through halfway through the show.
Wrecked Radio with special guest OSF who's leading Wrecked Drinks.
He seems kind of funny, but, yeah, he will be coming through.
Either way, we're going to continue the same to the format,
which is more just like a conversational show.
I think we're in touch upon a bunch of stuff.
I think last week, we'll just go back to what we were saying last week,
which is just we said that war was always a buy.
Shit did happen.
Over the weekend, obviously, it got bombed,
the main plants in Iran, and then quick ceasefire it seems like could extend into something a bit more
serious now but i was taking a step back and thinking there's not much else right like i
kind of feel like one thing that trump did here was show that russia and ukraine that he's he kind
of means business like there was a lot of oh he you know he's all chat
then he always backs out the last minute this this wasn't all chat and i think that's kind of
useful for negotiating to show that you can go you can go there but like in terms of like
geopolitical flare-ups you've only really got china to invade taiwan which i don't think is
going to happen this year at least so then it's just kind of back to this when's the fed gonna cut it feels as though
in some ways is it is it now like a much better investing horizon here even for crypto like
there's not really much that's really gonna derail you now well the odds the odds of a cut
in september on fed watch like shot up to 75 at some point like yesterday or today or something I just checked
today but uh yeah I think kind of a favorable macro environment like there's there can't be
many surprises left right it seems like war the war was a buy uh each new headline or like war
type action got less of a reaction from the market um i'm heavily biased and i'm always a
permable like but yeah i think we're through it and i think it was a buy as we said last week
you'd be happy yeah nothing ever happens it's true though nothing that does ever happen like
there's something that happened a lot of things wrong so usually this feels like this feels like
the final nothing ever happens right like it feels as though
the the peace deal that could come from this could be a more wide ranging peace deal now
because he's on earth i think everything's on the table now right i think i think there's a chance
that if they do a israel does a peace deal it'll be for you know for everything and then that's
like oil will go even lower.
I think it is set up for a September rate cut.
I don't know if the market necessarily goes up
if interest rates go down.
I don't know if that is like a 100% correlation.
Sometimes you get a little bit of wobble
when you have interest rate cuts,
but I just don't know what's going to be that thing that nukes the market here
just unseen right but uh it doesn't seem like anything this summer it's up until the right
summer bitcoin especially is just tied to the stock market stock market doesn't go down
obviously that means crypto has matured and all the uh the she's well not shitty the good
speculation like the fun times when's
that gonna start again that's really really what people want to know bitcoin is just like up into
the right it's forever grind up grind higher when is the fun going to come back when we can invest
in coins and take advantage of people who don't know what they're doing by buying and selling
it's in the stock market it's pretty clear like i think that that like i always pick up you pick
up on these narratives and you're not too sure if they're going to be a short-term one or a
medium-term one this whole like shift to trading stocks or like crypto related companies feels
like that's what people are doing instead of old ones right now that's i mean are they these guys
do they even know how to log in to an account and fund it? Like, do they have money in the bank account?
I thought crypto people usually don't have that.
I mean, that's the same as altcoins.
I just feel like how many tweets have you seen about coin stock,
Robinhood stock, circle stock?
I don't think it's the same people we see in our comment section
on crypto Twitter, though.
I think it is.
I think a lot of it is.
I feel as though that's really taken the shine away from whole coins what
do you think i feel like it's in between like so i see a lot more of sort of like the bigger accounts
or the whales or like more sophisticated like there's sort of an entry level requirement in
dollars to be trading in the stock market and making money right like they're not you're not
getting a 50x and so you've seen ansem and like different guys talk about hood and dip like you know i'm tweeting
about circle a lot and these different things like i kind of i'm looking at all markets all the time
but i do think yeah like kbm's right like you know when are we gonna get the the new hyper
speculative asset class that's totally weird on chain only and like a bunch of dummies
are going to pump money into something stupid like say a cartoon in 2021 or like a meme coin last
year um stocks can't like yeah the frenzy seems to be there in stocks like you know robin hood's
on fire like there's a lot of money to be made um and maybe the dgens can play around with like
the options like zero days and stuff but like they'll all just get killed um i kind of do you know about you know taking advantage of people who don't
know what the hell they're doing like i sell a lot of options on these stocks and it's been pretty
good um yeah i think it's in between we sell puts oh yeah well i haven't touched coinbase like
coinbase last year i sold a ton of puts and then you know i'll take the stock and
then i'll sell calls and like right now on circle i'm i'm long a bunch of shares i'm short a bunch
of calls at different strikes and i'm short a bunch of puts at different strikes because like
the option premiums are insane um circle and so and i aped it like day one i was tweeting about
that that was like kind of yeah they had to watch me everybody on
ct told me i was a fucking idiot bro everyone's like they don't make any money they're not
profitable this is you're gonna you're gonna go bro blah blah blah i'm like for a month leading
up to the ipo i almost said ico like for a month leading up i'm like i'm top blasting this thing
day one like i don't care what price it is like my average like 81 and i was like tweeting i'm like
i've been top blasting this for a half an hour and even the comments that they are like you're dumb cook you're
dumb you're dumb week later they're like how did you know it isn't that so
interesting that these guys will say that about that and then they'll buy
like dog shit yeah dog 75 this is going to a billion like the disconnect bizarre
but the movie looks like a mean point right? That's why I kind of feel like it's the same circle.
It looks like a meme point.
Now it has that blow-off top.
Yeah, right.
It looks exactly like a meme point.
It had a blow-off top move, and then it's kind of like it's headed back lower.
It's so liquid.
It's very thin.
So that kind of helps it out.
It feels like the same group.
So two things I want to mention here.
Firstly was Sharpling, which is the ETH one. That's the only one i'm kind of looking at a little bit more here that's the one that's
down 90 from its high i just get the feeling that if they get one long-term line of capital that
might that might move up again that one's had a big move lower the second thing i wanted to go
to put in the in the show chat like have you seen
spf like spf what he would have been up on his robin hood buys have you seen this oh my god
no but i i've heard about made 4.6 billion dollars from um from from hood this is after Anthropic
right
Anthropic
would have been worth
a few billion
at this stage
Sui I believe
he had like
a disturbing amount
of the
initial
I feel sick for him
that's crazy
wasn't just the soul
billions too though
like he had a huge soul bag
they liquidated or something
too right
yeah
Cursor Cursor AI like every single dev in the world is now using The soul billions too though? Like he had a huge soul bag, they liquidated or something too, right? Yeah.
Cursor, Cursor AI,
like every single dev in the world is now using Cursor.
He was a bad at his time.
Was he the best AI investor in the world?
This guy may have been
one of the best investors of all time.
Holy fuck.
And he got taken down
by trying to save his own fucking prop phone.
Like this guy could be worth $100 billion with some of these investments.
I think it's only a piece of altruism that could have happened.
Holy shit, man.
What do you think about this?
Like, did SPF just get fucked here on the timing?
I think he was there too early.
Sometimes you're just too early.
I think he got fucked, yeah.
He was too early and too aggressive.
You know what I got to hope, though?
He's a young guy.
He's in prison.
He's coping.
I can't imagine it.
I'm sure he's been in that position before, but it's bigger this time.
I want to see him come out and make a trillion.
I would invest in him, honestly.
He seems like he knows what he's doing.
There was that guy back in the 80s, Milken, right,
who did the high-yield bond market.
Do you remember that guy?
Yeah.
What's his name?
Michael Milken, is it?
Michael Milken?
Yeah, Michael Milken, who went to prison
and then came back and is now worth $10 billion, right?
Went to prison for a while, but he was like a genius
who made
higher bonds and
I kind of get the feeling that
you're right. He gets out of prison.
This guy, he will be a billionaire.
There's just no doubt about it.
These are crazy
how good some of these investments are.
To get Cursor,
Robin Hood, Sui,
Solana, and anthropic
i don't think you're going to get it better did he have any elves like what did he own
going to prison and shit might have been the elf yeah i mean i think in the portfolio He had kind of a big L Where he lost everything Yeah I don't think he had that many
I mean you could argue that
The sand coins were the L
He had a
An attraction to Grif
At the same time
And that's what got him
The immoral stuff is really what caught up with him
But his ability to see value in things is also insane.
Okay.
DJ and Ty, I'm just looking at the cake chat.
His GF was kind of an L.
No comment, but that made me laugh.
That's what I said.
I said Catherine was the L.
Catherine was the L.
A few unrelated to investing Ls.
Well, sort of.
But do you think, let me just pitch this a little bit,
and we'll go, there is the whole like,
oh, we need to like evangelize the guy created,
what's the website that everyone,
was like the, and he went to prison,
what's his name again? For big ross ross like we evangelized ross like oh my god he did this but like we need
to get him out of prison do you think like we're just early to the spf movement here do you think
there's gonna be a group there's a bit different like one is perceived that he stole all the
customers money and them and everyone you know early ct guys love drugs so they're like this is my guy
yeah but was it just drugs it feels like there was some other stuff going on
going on back there but uh it was still great right it was still great sorry
there's that early ct nostalgia for ross spf too late on that
but like spf and ross like i like ross like you know he yeah he's a legend whatever
like i think his his prison id card sold for like 11 million dollars or some crazy number um like
the other week but he was like yeah maybe i'm gonna get like smited for saying this and i'm not
it's just for for discussion but like he wasn't really like an early crypto visionary like it's not like he had the bitcoin thesis right like he was running like
a marketplace for illicit goods chad love it like yeah no it's great but great business as an
investor like this this other conversation about svf like as time goes on you know two years ago
he was the guy that stole everyone's money and like blew up the biggest exchange and kind of
everyone but now we're talking about how he was the guy that stole everyone's money and like blew up the biggest exchange and kind of fucked everyone.
But now we're talking about how he was like maybe one of the best growth investors of all time.
And he had a crystal ball.
You know, what is that conversation like in 10 years?
Like he was, they're different, you know, like Ross was right place, right time.
Illicit marketplace happened to be a Bitcoin pioneer.
But it was SPF like, youF, a Charlie Munger,
Warren Buffett kind of guy who fucked the timing up.
Yeah.
It feels like that.
It's tough to argue with it here
because it's now looking like his portfolio
would be worth at least in the tens of billions
and who knows in the next 10 years.
It could have been
something insane, which means
it feels more like a liquidity issue
rather than a solvency issue.
I think that was the main thing.
There was this hole in the balance sheet before.
And now it feels like there wasn't necessarily
a hole in the balance sheet.
There was just a need for instant liquidity
because he got caught out by some of the moves around that.
And obviously, finance had a part to play in doing that.
And their kind of moves with hyper liquid recently make you feel as though you know they're not clean but yeah there was no doubt that there wasn't really a
hole in this balance sheet if this if this had gone on for another 12 months
or maybe even six months yeah he just came of the timing. He was like doing
they had no compliance, right? He was like co mingling customer
deposits with like company assets. And like, I don't know,
the risk management seem non existent. But yeah, if he if
he could have kept it going for another like, year, six months,
whatever it is, like, and no, yeah.
Yeah. That's a good question. So what do you think SPF would have
bought in 2025?
Hyperliquid?
What's the SPF buying at this stage?
I think he would have max-aped the Hyperliquid airdrop at $4
when I was saying it wasn't a buy.
Yeah, probably, right?
They probably would have bought it all.
That's funny.
I think towards the end, he was building a sports book as well
though right i think he would have probably been early to some of these sports sports betting
firms particularly in the u.s prediction markets i would and he would have probably gone into that
right you gotta you gotta assume that polymarket would would probably not be where it was today
yeah fpx kind of was like yeah it was gonna morph into that sort of thing right felt that way
what do you think of this one billion dollar market cap for polymarket because i've heard
anecdotally that they don't really make that much money they actually lose a lot of money on
because it's like a sports book but they're like they take a lot of the risk wait why wouldn't they just because they can't market making it no
they actually take they they take a lot of positions it's not just fully direction they
take positions out yeah so like they look at the yes maybe i just don't even know what's going on
no like they they provide some of the liquidity for the books. So like they take the other side of some guy's bet.
Often, yeah.
Yeah.
So it's not just like a, like if you look at the revenue of that company,
it's not just up and to the right.
But at the same time, the equity value is insane.
And if a bigger casino or gambling firm in the u.s would buy them like um i think they
would obviously be worth the time like you've got to assume that somebody like draft kings is looking
at this business and thinking hey we should we should i think it's beyond that like and i don't
know yeah i'm probably under informed but like that's never stopped me from having a strong
opinion in the past so the reason i would say like i would buy this at a billion valuation i'd probably buy as much as
they let me and the reason is because of the twitter relationship and the twitter integration
like which i think if they're going to go into gambling and investing or sorry not gambling but
twitter's going to have some kind of trading and investing like layer and they seem to have started
that with polymarket like if you're able to take
bets on events and news and political stuff and like you know bet directly through twitter
on polymarket it's worth way more than a billion like twitter has a billion users or something
that's a good point i do think the value of twitter i mean we've seen already this week
that they're gonna to get into payments.
It does feel like this Everything app has a shot at least.
But integration with Polymarket feels good.
What has really impressed me is that I thought it would die.
Not die, but like the volumes would really drop off after the election.
and even this week with like what happened with like iran and stuff like it's crazy that like
And even this week with like what happened with like Iran and stuff.
they they have done a very good job at maintaining just interest in stuff to bet in every single
week like it's not just a a another way to do sports betting right it's it's actually like
it's become a bit more than that it's it's It's become like this way to bet on the news a little bit.
Like if I go on there right now, you have the New York City mayor elections.
You have the Fed decision and a decent volume going through, like $16 million just on the Fed decision for July.
There's probably real money to be made on this.
Have you looked at this at all like as
like a way to make money do you think you could probably make more money on this than sometimes
in the trenches like it feels as though there's some oh i'm not it's it's hard for me to bet on
political stuff like i like it and i love to watch the markets but like i'm not yeah it's not my
preferred bet but i think the way i look at Polymarket is like, if you wanted to express like an opinion on something through a bet and like, they've got everything.
Like you could go Google or like you can search Polymarket for anything, current events, political, like, and sports.
Like the biggest bets I've put on Polymarket have been on Ansem and BitBoy's fight because they it wasn't on any of
the crypto sports books or like any of the usual sites and like right uh yeah and so but everything's
always on polymarket and I actually hated to go use it because I don't like using polygon at all
but uh I guess you can use mainnet but I was always using it on polygon um so yeah I don't
know I think that their thing is just like coverage over everything which I guess you can use mainnet, but I was always using it when I'm probably going. So yeah, I don't know. I think that their thing is just like coverage
over everything, which I guess to your point,
like if they're taking the other side of the bets
half the time, or sometimes they're not as profitable
as they, or you might think.
But yeah, I don't know.
I'm not a big like probabilities better guy.
I used to do this a little bit,
like when, well, maybe it was 10 years ago.
Now I just stopped because I got bored with it.
But I do think there's like almost a selling options bit the similarities to this to selling
options in marketing because what i tend to find is there are a lot of things that are priced
probably higher than they're actually going to happen and yet they attract people to bet that
they're going to happen because everyone's like oh it's
a 50x if it if it actually happens do you know what i mean um and i think most people are attracted
to the upside of these trades so like the idea of a let's say a 50 bit decrease in in july from the
fed right that's it that's a two percent odds right now on point market i think financial markets
would put that at a zero percent odds right like they would put that a really like much lower than
two percent but because there's a way to bet on that and it attracts people to do the 50x trade
um people people it naturally trades almost higher than it is so i think there is almost
like a way to sell options here.
Do you know what I mean?
Like you're selling sales.
That's a good point.
And there was one the other day where someone put a bet on it.
You know, I think when Jerome Powell came out,
and he always says good afternoon, right?
He always says that.
And yet, like, it was like this crazy thing that the guy put on the bet.
But I actually think that's where the alpha is.
I think people look at the 50X and think, oh's the bet i'm gonna put on i think the alpha is doing the
opposite bet but just in quite big size basically yeah that's interesting i'm thinking the opposite
of what you said you think the bet is now that we had this conversation like so i always notice
on polymarket that stuff has like a one percent chance on Polymarket, but it might be like a conversation topic.
DGEN's just chased the 50X, like you said, right?
So like, I'm trying to think of a good example,
but the mayoral candidate for New York or whatever,
I think he might've just won or whatever,
the socialist guy, socialist Muslim New York mayor.
Not to talk about that too much here,
but his poly market odds
were like 1% at some point.
And if you were like, hey, I bet this will get a lot
of conversation, just the election
itself, and this guy's
at 1%, I'm going to buy some tokens. And it'll go
up to 20 or something when the news is
talking about it all day. And you sell it before
the election.
Don't wait for the outcome, but look at the spike,
man.
Look at this now.
This is a really good idea. Go down.
Go down right now.
They still have 22%
that Eric Adams is going to win this.
Like, 3%
that Andrew Cuomo's win. Cuomo
just conceded the race.
Do you know what I'm trying to say here?
It's like, why is that 3% There can't be any liquidity there. Like, what? This can't be a race. Do you know what I'm trying to say here? Why is that 3% off?
There can't be any liquidity then. What? This can't be a race.
Well, there is.
There is liquidity. That's the point.
So you're saying the race is over.
What I'm trying to say is that
I actually think the trade here
is to
go after the things that people
bet on because there's a bet on
and they like the idea that it's like a 50x and it's just the race is fucking over like um and maybe you don't bet like all your money
with it but if you want a consistent way to make money i actually think that's the trade and that
sounds really boring but like i just think people don't um they'll always say it's a one percent
chance of anything they'll always say it's a 1% chance of anything. They'll always say it's a 1% chance of anything.
And actually sometimes the odds are way lower than that.
They're like way, way lower than that.
Hmm. I don't know.
Something seems weird there. There can't be that big
of an inefficiency, right?
I don't think people see it as an inefficiency
though. I think there's just a natural demand
always to tail events
in the world because people like
to, people just like to always bet on
that people like a binary lottery ticket right so there'll be some money in there yeah
they'll always keep money in that because it'll always be like okay this is that's just gambling
you know uh because they'll be like oh i don't mind it it was a 50x i lost money on it who cares
but actually there's like a consistent way to make money, I think, by taking the other side of it
and being like, people are not valuing these,
or are doing these probabilities right.
That's, if I was to go into the polymarket,
that's how I'd try to make money.
But yeah, that's one way to make money,
I think, in this market.
I do think that you can make more money than that.
I think it's not a bad way to like consider stuff here the other thing so in the
trenches as we went live you were talking about this spacex coin do you want to talk about that
a little bit like i've only seen it on my timeline but it's suddenly gone a bit more okay like this
week the stuff that i've seen is house house uh chill house which i'm kind of laughing about a lot i also laugh at chill
house i don't have a bag but that's funny i i enjoy it uh i've seen a little bit of this useless coin
which i i don't know at 140 and then now there's this spacex stuff take us through it. Okay. I'll talk about SpaceX for a sec. So I just, so the first thing, um,
I love Elon Musk. I used to hate him about a decade ago,
but now I'm a big fan boy.
And so I got a ton of Tesla stock just cause it's the only way to get Elon
exposure. Um, and I would, you know, if,
if and when SpaceX exposure is available in whatever form I'll,
I'll get some. And so probably 10 minutes before the
show i started to see these tweets from like you know most of the big solana kols and like
mert like you know it's got a close relationship with toli is a big like presence on solana and
they're all tweeting about how uh i forget the company's name man let me go to my tweet
I forget the company's name, man.
Let me go to my tweet.
What is the protocol?
Republic.
Okay.
So Republic is going to have this RSpaceX token on Solana and everybody's tweeting,
you will be able to buy private equity exposure to SpaceX with this token, which is sick.
And I should say before I say the rest of it, I'll probably buy this thing, right?
Because perception is reality and half the time in crypto the thing you're buying isn't
actually what you think it is so i'll probably buy this thing i'm sure it's a good way to make money
but it is not spacex equity and the token has nothing to do with spacex it's not linked to
space people like think that people think that bro all the kols are tweeting that
people think that bro all the kols are tweeting that dumb as hell so what it is is it is a
derivative instrument that aims to mirror the performance of spacex equity now the issue i
have with that i'll tell you what i think it's going to happen how it's going to market make
what that's what i mean like there's no there's no like there's no information right like how often
do they mark to market a private like equity this is just not possible for so many it's not possible
let's go along so what'll happen well it'll look like when they fractionalize crypto punks
uh on bitcoin like they like bridged and burnedoPunk and then there was all these little tokens.
Anyway, so some of the tokens ended up being worth 10 times what a CryptoPunk was worth.
And HGE did the same thing on Sol. You know what I mean? Because they'll put this token on Solana.
There's no reference price. There's some stale price for SpaceX private equity from whatever
two months
ago or whatever it is wherever they get to pricing and they can guess at it whatever but
the free market on solano will fit this thing to the sky um and it'll be like i just don't know
like if it's a derivative and they're gonna say it's gonna mirror the performance of spacex then
i mean it just sounds like what does that mean yeah it's weird but you're gonna see it all over the timeline like all these it all these KOL is talking
about how yeah you can buy SpaceX on Solana and stuff so that is gonna go so
much hot KBM don't don't make purpose like is it live right now. No, no, it's not. It's not live. Well, I thought it was live right now looking for it.
And I buy it too, bro.
I'm going to buy it, but it's like, yeah, you'll be.
Yeah, it's it's going to be
worth way more than or sorry, it's going to be like
have a massive premium, right?
Like Master has a premium to Bitcoin and this thing will probably have a thousand X premium to space X
When's it coming out?
I actually don't know I got to see all I did I saw three tweets and I just wrote my own like fun
Are you doing it you're doing a fun tweet to make sure you get getting it all
I was more doing a tweet like i
already did it but i bang on tweets in eight seconds bro but no just to kind of explain to
people like hey this is what they say it is and this is what it actually is i'll probably get
funded for it they'll be like you're just spotting solana because you're like hyper liquid now so i'm
just objective on every chain guys um i'm gonna ask rock when is the token coming out i'm still scared of solana coins ahead of
pump fun like i feel like when that thing gets launched which could be any any day already
or it's going to be in the next two or three weeks like
all of the smaller coins are just going to dump their token sale yeah they moved it to July like mid July I think feels like I don't know it's
tough it's tough to maybe this is this one will be fine but like I do think
there's a lot of me for market it's a bad hit back to that well maybe it's
already happening like a bit they're down quite a lot I guess I think it's
been yeah I don't even really trade salon of
memes anymore man i just like i said the same thing that you got to pick if you want meme
exposure just by bar coin or pangu like i don't you got to pick the multi-cycle coins and then
gambling in the trenches is a whole different game i still kind of do that because it's fun
but the size is small and like i'm expecting to rugged. It feels like there's one coin every couple weeks at the moment rather than once a day.
And even then, so what is this useless coin like?
I already get the feeling it's a scam, but tell me why it is.
I'll tell you about it.
Okay.
Well, again, I'm like, yeah, if you made money on useless coin,
you like useless coin, that's cool. I want to see everybody win. I'm not here to fund this thing.
I don't have a bag, but yeah, as like a, you know, a crypto market participant and like,
I like memes and I think that I'm, I have a good eye for memes. And so the first thing is,
good eye for memes. And so the first thing is, it's a bonk coin, right? Like bonk's launchpad.
And so they launched their launchpad eight months too late. Like they got soul port Tom,
he just doesn't really seem to get it. They currently have a hackathon encouraging teams to
like tag certain market cap targets and they win 200 grand. like they're literally running a contest for scammers um
and so they've tried to like and they always use pow and like these washed like meme coin scammer
guys it's just they're trying to cabal up a runner right tom tweeted every single day oh when's the
first bonk hundred million runner blah blah blah and they tried it with gib and then they tried it
with hosiko and like all these just tired derivative
copy paste ideas like they haven't had a single original meme useless isn't original either usd
uc is way better there's other coins that are way better that had the narrative first but uh
yeah it's a bonk cabal attempt to manufacture a major runner there's almost no organic holders
and they just kind of push the
value up and they got the same five guys tweeting about it that they had tweet about all their cabal
attempts um yeah it's it's a hollow cabal crypto scam we've seen many of these but if you're in it
early and you wrote it up gg like make money but this thing's not the future if you ask me
yeah like someone tried to explain it to me
today i was like oh you know because it's like useless it's like it's like a far coin driven
i've seen so many attempts at being like oh we're going to create a coin which is so hilarious that
it's like it can be worth value just calling it useless doesn't seem like it's really catching on
i don't know like i felt i felt like buck coin had a much better chance than useless like
it's it's not it's not funny enough just to call it no and it's also like i call a lot of these
things spark coin derivatives because it's like the derivative is like the spirit of the coin
right and like this idea that it's like overtly hilarious like herder look it's useless there's
no point to it like come on guys we've been making this joke for a year.
Like, there's already been tons of coins.
There's better ways to buy.
Yeah, like, it's, so it's all tired to me, you know?
And, like, that's a bit of mid-curving
because when I knew that they were going to cabal it,
I could have just bought it and made some money.
But, like, what, I want a 5X on this dumb coin.
I already traded 20 things that are the same.
Like, there's just way more interesting stuff happening.
So, yeah, I don't like it. I want to see originality out of these bunk guys like
i tweet about this a lot they probably hate me but like guys just get it together like you got infinite resources you got the money to run this thing to 100 million or 200 million whatever it
is go pay some 15 year old autistic degen to make you a cool coin.
I agree.
I actually agree. Those guys have more money than God. Talk about
making a casino makes you money. Making a
trading bot over the last
two years is ungodly
money. It's just fucking ungodly
amounts of money. Spending up
hundreds of millions on
just
quite repeatable tech, it like crazy I wasn't even
paying for distribution like if you were on a photon ref link as a KOL and like
I don't know how they had so many people shilling you don't even get a share of
their fees at all you just got points for their fake airdrop that like never
came and is never coming it's just wild and they were making like three four
million a day when like things were crazy on fees and it's yeah it's very
that's a good point you make like the Lex never did a token right and everyone
was like I'll pull it's token coming I don't think so man like i and i'm a bolex i'm on an exclusive deal i need to open see token i need
all this stuff um when what was the last one you cooked on blast i don't even know
wait do we do this i think it's tge dude so i don't know but was there an unlock like do we sit on
coins i don't even realize i don't know i feel like we should probably find out about that one
it's a good call i'm glad you brought it up but the best one i've ever done was blur that was good
forever that one still trades at 200 million dollars like how wow i was looking today like
uh as a coin like it's trade the current market cap is higher than magic eden though but that's
crazy but blast still is 30 of the nft market 30 to 40 percent that is insane right like
i i had no idea that they i i went on onto their Twitter and the last thing they tweeted, four months ago, Blast.
And the last thing they tweeted was like,
hey, we're actually building something else.
It was like, okay.
Fucking A.
Bring up the Blast X account.
So they last tweeted in May.
We've decided not to return
a new service agreement with Safe.
And then Blast Mobile.
All right.
Yeah.
Blasting off.
Whatever happened to that chick
that made her whole identity blast?
She gave us the hyperliquid talk.
Yeah, brother.
What is her identity now?
Look, I.O., probably?
Or what is it? No, it's hyper liquid bro she tweeted she tweeted and she's cool like i met her she's nice but like man she at the the literal pico
top top tick hyper liquid like she tweeted this this photo of her in a bathtub with like oh yeah
covering her yeah bro oh man it's not gonna be the top for long i let's let us pray but Was that her? Covering her? Yeah, bro. That was the girl. Oh, man.
It's not going to be the top for long.
Let us pray.
But, man, too perfect.
I don't know.
That was a pretty good run.
I mean, like, I mean, yeah, I don't know.
That was a pretty good run in the Hyperliquid coin.
I've been buying Hyperliquid in this period.
I've actually been putting on – this is why I mentioned – I mentioned that we should create try our own type liquid vault because i'm doing i've been doing this myself a little bit
oh wow what happened what happened no she's got a different account it's like dj jan or something
maybe this is her old one i remember yeah you were thinking about doing a vault mando right
yeah because i was like i'm doing this now. I've gone long, hype, Bitcoin, ETH, and what else did I go long?
SPX actually went long, and Aave, and I'm sure a bunch of dog trash,
like absolute trash.
But mainly it's Bitcoin and hype and a little bit of ETH.
But I- I think a vault is so cool.
We should create a vault.
And then this might be quite fun each week to see how it's done.
I think it'll all be public.
I can run it.
I can run it.
You guys can have my own little hyperliquid fund that you guys can all invest in, hedge fund.
Yeah, I'll invest in it. I love it i i love the idea of erect radio vault like i love the concept of the vaults in
general it'll take a long time for this to get like the traction that i hope it eventually gets
i'm like full bull hyper like you know how's all financial markets on hyperliquid eventually be
like 10 years like who knows i'll all have taken a lot of profit before they get to the dream. But like, you know, I spent I
worked in banking for a long time, like I worked in asset management, like traditional hedge funds
two and 20, like 99.9% of potential investors are like screened out because they're not accredited.
Like, I want to see a 15 yearyear-old degen in a hoodie, complete
anon, amass a billion AUM on Hyperliquid in a vault and outperform Wall Street. I just
want to see. Yeah, I love the concept.
Maybe that's what we should do. Because we spoke about creating a Bitcoin treasury company.
Pump just raised a billion dollars for his. Maybe this is our play
to cash in on the ever-growing value
of wrecked radio.
And OSF really did.
It was a good showing from him again.
Turned up halfway.
Yeah, he lied to us again.
I mean, like, bro is about to be fired.
Does he get any equity in the hyperliquid vault?
I feel like he's... He gets as much equity as I got in R equity in the Hyperliquid Vault? I feel like he's...
He gets as much equity as I got
and wrecked in the Hyperliquid Vault.
Zero.
You got some
free drinks three months too late.
Un-fucking-believable.
Should we start running the Lamb Chop stuff
or what are we thinking there?
No, I think...
Well, maybe we'll do it in five minutes.
Five minutes? Yeah, whatever.
Let's keep running it then. Hyperliquid Vault.
Yeah.
Yeah, I think...
I'm trying to think what else we can...
We're making money on this.
I guess some of these dead chains
rallied, that save
thing went up like fucking
2X. that was crazy
yeah i was surprised i think that's just because everyone was shorted rather than like it was
necessarily that much value there's some talk about jump crypto coming back into crypto i don't
know if you guys have seen this and that this is a jump crypto coin and they're doing the same thing
with aptos and a few other ones so like maybe pay attention to what jump it feels like they're doing the same thing with aptos and a few other ones so like maybe pay attention to
what jump it feels like they're going to do a dwf crime season here on their return back into
crypto so like people are following well jump you know the market maker they've come back with
this coin obviously this is a jump crypto coin apparently so there's there's an idea that they're gonna like
any piece of like rough news about one of their coins you're gonna see like dws style candles you
know there was that period for a while where it was like oh it's a dwf coin like we could get a
period here where you're gonna see it's a jump crypto coin so people are like following net
portfolio a little bit more and um be wary of like shorting anything that goes up like 100%, which they're involved in because they're probably the ones pushing it.
Other than that, yeah, Hyperliquid had kind of a nothing week.
Feels like Bitcoin is the only thing that like you can just bet every week it's going to go higher.
Ethan sold kind of a bit of nothing
the trenches chances didn't really make that much money it's been yeah definitely quite a week
maybe it is just um maybe it's just content gambling that we uh we have to make money on
yeah i mean there's not what do you guys trade for fun or gamble? Or like, you know, I used to,
I used to be just like trenching and flipping meme coins and like doing that week to week,
day to day. And it was the, it was the high volume sector where it was pretty easy to make money.
And it was extremely active. And now for months, it's like, I don't make a lot of trades and I've
probably, well, not probably in the last three weeks I've made more trad fi trades than I have
in crypto.
I've just been kind of holding Bitcoin DCA hyper liquid.
Like I'm so on chain.
I'm not really doing anything interesting.
Are you guys?
So the last two months I've done a few different things,
right?
Like I've done,
I've had some big positions on a I had a big position in ETH,
which we did relatively well.
And then I moved to this, like, right,
I'm going to actually do like a long, short portfolio here.
The actual thing that's made easily the most money for me
is like algo, like AI trading bots,
which I put quite a lot of money in a couple months ago.
Is it working?
Brother, like the best ROI possible.
Another thing I stated that one of my buddies tells me,
you fucking tipped me off on that like a year ago.
Are you investing in the bots or you're giving the bot money and the AI is trading for you?
What?
There's a platform I use which is called Three Commas,
which is relatively well known in crypto.
But there's another of other ones.
I checked out a few of them.
I forget the name of some of them.
But like, just do some research yourself into different firms who kind of do this a little bit.
And some of them are quite basic, but like grid bots, where like, they'll just buy and sell for you.
And they've created the volatility.
And obviously, we've gone sideways for a little bit here so like it's been relatively good but i put on ai trading bots
in like bitcoin eth um pepe and um what was the other one no i think it was those three were like
decent size and easily i've made easily the most money on that stuff than I have on anything.
I've barely, barely any ever drawdowns, like anything significant.
That's cool.
I got to look into that.
Yeah, because then you just also, what I tend to find is I make the worst decisions when I just have money in stables or money just in something which I don't consider
to be like high risk. So like this just locks it up because it's kind of annoying to put it on
and but once it's on you just don't really think about it and it's just like running in the
background it's almost like a second S&P portfolio. Do you know what I mean? It's just there.
No I know what you mean and I know what you mean about like making bad decisions like not
bad decisions but sometimes I'm like idle hands I'm bored and I'll what you mean about like making bad decisions like not bad decisions but
sometimes i'm like idle hands i'm bored and i'll like find a trade like you know okay i gotta look
into that and you you get too big in it and then you're like oh you know this is actually a bad
idea like i should have done that and and for me putting money in this and i've you know i've put
in this and I've you know I've put mid seven figures in this stuff now and done way better
than me doing some of the other stuff I've been doing and way less stress I'm just going to think
about it it's just this is there um so the the best firms I've seen for it because you can do
this in stocks too a little bit right now like i do think the the debt the democratization of algo trading for retail with now all these new ai models is here right like what what used to be
given to like three sigma or like these these like incredible ai trading for hedge funds of the past
like you're going to be able to do with these chat, chat, with these like chat GPT and some of these AI models in seconds now.
And that you can now do it with stocks as well as crypto.
I think like there's, there's another one, which I saw,
a crypto AI trading box.
Let me see if I can find the one that I was looking at,
which looked interesting.
Intellectual, Intellectual AI. i looked at this for a long time um this is like built into the stock
market as well but like i do i think a lot of this stuff is going to become very popular and it's not
it's not it's not the shitty algo that used to be sold 10 15 years ago like they're pretty complex
now and they they probably replicate
some of the kind of advanced ones
that hedge funds are running for a while.
So I think there's some value in it.
This is cool.
So like three commas.io, is this the one?
And they run your exchange account?
Yeah, you have an API into your Binance account.
Cool.
And your futures account.
And it just trades it for you basically uh
how long until it's like robots fighting robots and it's just about your edge is now finding the
newest best robot i know they're not robots i just call them robots i think it's kind of there
like you add the nuance of hey these are the things i think are going to do well versus not so like if you are
for example that guy who did the hyper liquid vault if you're like i'm bullish on hype and bitcoin and
maybe a couple other things you could run a long box on those things and if you're short on all the
high fdv stamp coins you could run short bots on the other things and actually you'll probably trade
you'll you'll make like extra 50 60 return here just just on the
trading because it trades volatility in that stuff as well right like it keeps a position but but
trades the volatility um which in crypto is like is a feature it all it's just always gonna be there
so like having something that you can just leave and you know it's trading for you, I found it really helpful for me just as a trader to be able to switch off a bit more.
Nice. Yeah, that's super interesting. We should look at it. Or I should. Let's get on to the lamb chop, fellas.
Yeah, let's do lamb chop.
Let's go.
What do we got? Let's go. roll the names so let's get these names out
luck i have 70 rtp by the way yeah those those figures are wild Oh wow.
I love you.
Nice.
I like the bass.
If this one starts with a G, it's great.
Yeah.
I like the bass.
If this one starts with a G
it's great
yeah
alright let's
fucking run it
so we're all running it again
each one
whoever
so who was first last time you were first last time
should you undo geo joel yeah kook goes first last oh yeah i went last last time who am i was
so what did we do a thousand dollars yeah thousands we got 500 in the bank so like
they've got some money one down in the bank now it's just to play for a thousand
all right um we played it conservative and got killed last time if you were watching this let's
see how he does this time here we go okay well i'm gonna be like yeah i got to assume that this
is meaningful money to the guy and so i want to help him out he's got 500. okay we'll see how i'm feeling okay go go for the first one
nice frog all right oh oh god yeah kick him that's a good sign oh my god that was crazy okay go again
okay go again so he's got one no
one day i'm gonna hit the casino all right i'm lucky in this thing all right let's go uh i'm gonna play a little bit more risky so let's go go i'm at least getting to the tree, all right? So keep going.
Oh, my God.
Oh, my goodness.
Right.
Who am I playing for?
We've got to play this one.
Smart D-Gen, I believe.
Smart D-Gen.
Oh, my God.
If I got killed on the first one, I was going to be so tilted.
It's not that difficult to reach the... All right, play's let's have a winner here kbm no are you kidding me bro he was i thought he was gonna win it all
personally i don't know they all won 500 bucks should we do one more and split between them if
we were if see how far we go yeah how are we gonna decide when to stop we'll split between them let's go between them equal but I
just like clicking the button like I'm trying to go all the fucking way do it
like I'm trying to get it was split one so like at least let's play tracks we'll
try and get to the train tracks or nothing okay chat okay oh my god man it's not the wolf
is hungry today all right one more i'll just click it one more one more take us to the fucking train
tracks come on come on here we go fellas there you go it's gonna happen i'm gonna click it this
is for splitting it we did all right You want to keep going or no?
I mean, obviously, I want to keep going.
But, like, I have, like, you know.
No, this is a win for everyone.
We gave out some money. It feels like it's going to stop at 7,200.
Well, if you do, I don't want to.
Yeah, if you do one more, they all get 1,000, right?
Oh, wow.
That's fair.
Just saying.
One more.
One more. Yeah yeah i would quit now
oh my god i'm a loser sorry but no it's still a big win, boys To the listeners
Oh my god
Just give them all 1,000 each, though
And plus the 500
They all win 1,500 today
They all win 1,500
Oh my god, bro
I need to log off
I'm addicted to playing this, so I've got to get out of this account
Alright Good Sunday Great show, Jeff I'm like, I need to log off. I'm addicted to playing this, so I've got to get out of this account. All right.
Good Sunday.
Great show, Jeff.
Yeah.
I enjoy these shows.
This has got a good energy to it.
I love it.
Hopefully, OSF doesn't ruin the bar next week.
Let's see.
I'm worried.
If he's ever coming.
If he's ever coming.
If he's even coming.
He probably has a fucking call
alright guys well this was
episode what was it 110
remember we give out prizes to everyone
who follows us on kick so if you're watching
or listening to the show go
check us out on kick follow us
we're under djens live on kick
and we give out
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See you guys next week and have a good week. Thank you.
