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Always Early ep. 1 with @andy8052
Recorded: June 11, 2025 Duration: 0:41:27Space Recording
Short Summary
In a lively discussion, crypto enthusiasts explored the launch of a new podcast series focused on trading insights, the growth of LaunchCoin, and the bullish outlook for the crypto market in the latter half of the year, highlighting trends in token launches and investment strategies.
Full Transcription
Hey, can you guys hear us?
Sorry about all the issues.
I think Twitter is having a set of issues. I think Twitter is having a set of issues.
All right. Awesome. All right. 15 minute delay, but we'll get started in just a second now. And we'll transcribe everything.
So hopefully we can have this from from end to end. Andy the inviting you to be a co-host now I think I'm in all right
well okay well that was a that was a great way to kind of kick off the series
but yeah I guess when you lay off half your devs it's a it's a tough time to
keep everything going yeah I've been in Twitter spaces hell before it's a tough time to keep everything going. Yeah, I've been in Twitter spaces now before.
It's never been fun.
Yeah, I actually recall a time where one of my friends,
Zulib, was giving a space, and I joined like 15 different times.
And I think I have an understanding with the issue is it might be
if you start the space from your phone,
you can't actually hear it unless you're on the phone
or some weird issue where, you know, they should it unless you're on the phone or some weird
issue where, you know, they should have figured out by now, but here we are.
I can see it.
Cool.
All right.
We'll get people in a minute or two.
I think we kind of lost a lot of people in the transition, but hopefully they'll be back
in a sec.
Where are you based these days?
I am in New York City. okay very cool yeah do you guys have a team headquarters anywhere yeah we actually we're out in union square so there's seven of us here uh
if you're ever in the area with you know definitely stop by it's a small we work as we're still kind
of in the humble beginnings but we'd love to have you by and, you know, do a lunch or coffee or something.
I've been to that Union Square WeWork before.
Yeah, it's not bad, you know, for what it is, for what we pay.
We're very happy with it.
Yeah, no, it's not a bad spot.
Cool.
Okay.
Well, apologies for starting from the top again, but now that we're good to go, I guess just starting from the top,
appreciate your time being here. This is the first episode of a podcast series or Spaces series that
we're trying to do with top traders on FOMO and generally cost crypto. I think it's really
interesting to get insights from different people, how they trade, how they view the market,
and kind of their experience over the years. And I know you kind of shared a bit briefly,
but would love if you could just briefly walk through your background again and how you enter crypto yeah for sure um so yeah i i
learned about crypto i mean i i don't know when i like first heard about bitcoin but i uh i graduated
college in 2016 and so that was like you know prior to that i was not very financially literate
even like i mean i wouldn't necessarily say even now I am.
But that's a whole other argument we made.
But yeah, and so I got into crypto because I wanted to do offshore sports gambling stuff.
And so I was like, all right, let me download Coinbase and buy some Bitcoin.
But really, like, that kind of was like the gateway to learning learning about Ethereum and smart contracts and things like that.
And that, to me, pretty quickly just captured my attention in a way that I wasn't expecting.
And I became pretty obsessed with all of that.
And I had previously studied computer engineering, and I'm a software developer by trade.
And so I'm always into that kind of stuff.
I just kind of found a way to start working in the industry,
worked in a lot of old DeFi protocols
that you guys have probably heard of or used before.
And then eventually found in my own stuff,
kind of was pretty early to some of the like NFT wave and
all of that. And prior to that DeFi summer and all that fun stuff. Um, and yeah, I just like
have kind of continually been obsessed with crypto ever since I first learned about it.
I always joke that if crypto actually went to zero, I would just like become a bartender or
something.
There's no other industry I'd want to work in.
No, I feel like a lot of people here,
definitely in the spaces and across crypto,
can definitely relate to that.
Do you ever feel like your computer engineering background has ever given you an edge
when it comes to just viewing the market in general?
Honestly, probably not.
But I think that's mostly just because like i don't like i've never
tried to do any sort of like actual advanced trading or anything like that uh i think where
it's been helpful is just like you know that for a while since i have been writing smart contracts
for significantly too long,
when there were periods of time before this current iteration of meme coins and things where you don't really have to do that much due diligence as far as is this code safe,
I think that was a place where I had a bit of an advantage,
where I was in a group chat with some other DGEMs who were also smart contract engineers.
And we would just like toss new smart contracts in there and be like, Hey, can, can you guys
make sure this isn't a rug or X, Y, and Z.
And so like, that was really helpful.
But I don't think outside of like basic due diligence of, does this sound like total vaporware
or something outside of that, it doesn't really help mostly because like i do not have a very
advanced setup when it comes to trading for the most part got it so it's mostly manual and would
love to kind of dive into like how do you how would you define your trading style like do you
strictly trade on chain do you dabble in perps how do you kind of view trading and crypto as a whole yeah i i do both i do it all um i mean like
i kind of just try to do whatever i think is easiest and so like i was i was farming defy summer
really heavily back in like 2020 and early 2021 um and that was just like what I knew and what I understood. And I, and so like, that
was kind of my start to like really thinking about crypto and trading at like a higher level,
as opposed to just like prior to that holding Bitcoin, ETH and like some altcoins.
And then like, I guess my first thing that where I was really actively trading a lot was NFTs.
But for that, I really got into it because I thought it was fun.
And so during DeFi summer, I was just really irresponsibly, honestly, aping all of the profits that I was making from farming into NBA Topshop.
And it may sound like I'm over exaggerating i'm not like literally all of my disposable crypto
income was just going straight into buying nba top shots that were totally worthless and no one
else was doing it and there's a point in time where i was like half the market volume on on the
platform um and then obviously like that ended up working out. I got pretty lucky there. I got bailed out by a bunch of DFS bros.
But then from there, NFTs, it was literally just vibe buying stuff.
And now I would say I mostly do on-chain stuff.
And when I'm trading things on-chain, I try to stay away from quick flip things for the most part
and really just buy things that I think are truly undervalued,
like something like a launch coin or something like that
when that happened.
And my perps trading is primarily very low leverage,
just directional bets.
So for example, for the last like two weeks, I've had a pretty large, just like
3X long on like SPX 6,900 and Farcoin and Launchcoin, things that like I just am overall
bullish on and I want more exposure than spot.
But I never do anything like super high leverage because I'm, like I said, I'm not
a very advanced trader. I'm, I don't have like elegant setups. I, if when I do those things
and I try, I just get liquidated. So, so I don't do them.
No, that's actually super insightful. And I think for most people who've ever tried to trade with
high leverage, they can probably agree that, probably agree that sticking with low leverage, high conviction probably is the better strategy throughout. So you mentioned three coins there,
you said SPX, FARC coin and launch coin, right? So I think we're quite familiar with the launch
coin trade and your general bullishness there. So I want to dive into the other two real quick.
Is there any thesis there or is it kind of just you like what you see curious how you kind of assess and i guess for lack of better words due diligence some of the
coins that you want to put positions into yeah i mean like i've always liked fartcoin um i remember
when i like first heard about it i was golfing and so like i'm i'm like you know what i called
missed it at a million dollars or whatever it was when I first heard about it.
And so I was sidelined for a while.
But to me, it just was always pretty obvious.
And so I've owned good chunks of Farcoin at different times.
I think for on-chain stuff, for those low-leveragy types of things,
I just always have liked memes that feel like beta to chains.
And to me, SPX felt just like the strongest meme in general.
And Farcoin just feels like, pretty obviously, the strongest meme on Solana.
And so I just like both of those.
There were different times where I was doing
similar things, but like Bonk or Floki or different things like that. But there are also two that I
like actually do have pretty real conviction in outside of just like a momentum trade.
I think that they both for pretty different reasons have like really strong communities
of people who don't totally care about what the price is.
And that is like pretty bullish for me as someone who does care about what the price is.
But yeah.
Got it. Makes sense.
And then third coin, you mentioned LaunchCoin.
I think a number of us on this spaces and definitely on FOMO have kind of watched you weather that position from beginning to end.
I think you bought the position pretty early on.
A lot of stuff happened and you kind of just continued to add.
It seemed like, you know, you just had this conviction that it was going to be something that came back, even when the chart was pretty much flat.
And then it turned out to be, you know, the biggest trade on the app so far.
So I guess just curious, you know, what kind of led you to build that conviction there?
And is there like a broader meta shift
that you kind of envisioned coming along with a coin
like LaunchCoin in the project?
Yeah, I think like, especially for, you know, it's funny
because I think people probably think about these things
opposite a lot of times, but like on-chain stuff
is really where I try to hit just like ridiculous 100x
a thousand x trades um because you can't get liquidated it can go to zero and happens more
often than not um but that's that's where like i really try my best to only buy things there that
i like can actually tell myself a narrative of why this thing would go to a billion dollar market cap.
I'm just not super interested
in how do I trade this
$500,000 shitter to
a $2 million shitter.
That's not a very compelling
game for me.
LaunchCoin to me was just
one of those things where
obviously there was
an amount of legitimacy to the product and the thing that was just not being given because of the rebrand and previous mistakes with clout.
And part of it is like, it's just pretty funny to make fun of Ben Pasternak.
I think that was actually part of what made me like it is like,
it was really easy and funny.
And I like literally told him,
I was like,
sorry,
man,
it's not that I'm trying to make fun of you.
It's just like,
it's kind of part of that part of it for me.
And like,
I do think the whole like internet capital markets trade in general,
it's interesting how contentious it is.
And I really like when I feel an amount of conviction in something that a lot of people who I respect and think are smart say that's stupid.
That actually makes me more bullish on it, typically.
typically. And, you know, sometimes that works out, sometimes it doesn't. But like, to me,
And sometimes that works out, sometimes it doesn't.
LaunchCoin is one of those things where there are a lot of people who I respect who still
think it's stupid bullshit, it's a scam, you know, ICMs are never going to be a thing.
But I kind of, you know, I tweeted the other day that like, I think one of my
biggest strengths is being like, irrationally bullish. bullish and like I very easily can convince
myself of the narrative of more and more businesses are going to come on chain things are going to
continue to come on chain and there is going to be ways that companies are represented as
currencies that people want to speculate on and what that looks like whether it's stock or equities
or meme coins or whatever exists right now is like only going to
grow and like the first mover advantage of being kind of one of these first big platforms is really
valuable and i think that's something that people have mistakenly like overlooked when thinking
about like the launch point in general where it's like oh this the current version of this is like
kind of dumb you don't actually get equity in the company yada yada and it totally misses the idea that like
okay maybe that's true right now but that can change and it doesn't like what you're buying
right now doesn't have to be the thing forever um and like the idea of a potential future thing
that is bigger and grander is actually like oftentimes more valuable than
the bigger and grander future thing anyways.
And so like that was a big part of what gave me a lot of conviction is like I was able
to kind of very easily convince myself of that narrative and a lot of other people didn't
seem to buy it and I felt like they were making a mistake.
They were kind of mid-curving it.
Got it.
That's really interesting. And I actually want to tap into one of the things you said,
which is you get more bullish when there's people that you respect and you think are smart,
kind of think an idea is dumb or a project is dumb. Could you walk us through why that is? Is
Is this some kind of psychology thing or is there previous experiences just trying to understand how you kind of view that when you consider trade?
this some kind of psychology thing or is there previous experiences just trying to understand
Yeah, I think like I would imagine almost anyone who is doing this feels this way.
Like I like to think I'm I'm smart and I can like think through the potential outcomes of things.
And like I also just have a really, really high risk tolerance.
And I think most people don't. I think most people think they have a high risk
tolerance and they don't actually and I I do have a very very high risk
tolerance and I'm not afraid to lose all my money I don't really care I mean I
care but like I'll be fine and I think that like comes from having lost a lot
of money in the past and different things and like I just said I've I've come to i think a lot of times it's easiest to make money when you don't really
care that much um and so like basically i feel as though like people can be bad at like
weighing the like the potential outcome of trades of like there, you know, there's,
it was a really good chance that launch coin never worked and it totally
failed and it went to zero.
And I just was stuck holding this bag that I had bought tweeting pastor
neck mode for like a year and,
and nothing would have ever happened.
But like,
to me that the downside of that was like,
just not that big.
And the upside of being right was like really,
really big.
And at the same time, there were just not a lot of people who were agreeing with me that that was like a real outcome that could happen.
And so that just means that in the future, there's more people that I can convince that I'm right or that like the markets can convince that they're wrong.
And so like a lot of the best trades that I've had have been and this is something like Jez has talked about a lot in the past.
And a lot of people who I think are really good traders to talk about have
been like challenging,
really hard to hold things,
or maybe there's actual like challenges and even purchasing the thing in
general.
Like I think NBA top shot was like another example of that.
I think a lot of NFT stuff was as well.
And so it just means that like that it's not very crowded.
And that was another thing with SPX that I liked a lot.
I have a pretty big, long position in SPX
that I built up around a month ago.
And it was just like, when I talk to people in group chats
and we're comparing these SPX and Fartcoin
that are very similar
everyone is like i like fartcoin no one is saying they like spx and like i think that there's a world of outcomes where spx outperforms and like no one seems to think that other than maraud and
so why not take that bet like i think the risk reward is better i know and that's just like a
way that i like to try to think about positioning and trades in general. And it's not to say that I don't also own a lot of Farcoin
because I do. But like, when I think about sizing and those types of things.
Yeah, no, that makes entire sense. I think like a lot of the time, at least the sharpest people
that I know tend to look at places like Twitter and group chats and try to see, okay, is this
very crowded? Okay, it's probably
close to the top, or at least locally. And are there other options that people are kind of
overlooking that might be adjacent or similar narrative that could catch fire if people kind
of start to rotate attention away? And it seems like that's how you view this kind of like far
coin to SPX type of thing, as I look at the chart of SPX over Farcoin. Yeah. Yeah, very much so. And I will say too, like for me, most of it is like,
it's really just vibes based. I'm not someone, you know, I'll look at a chart and pretend to
myself that I know something about it, but I'm not sure I have ever like seriously drawn a line
on a chart in my life. I've done it as a joke many times. I'm not sure
I've ever like genuinely tried to draw some lines and figure out what's good or bad.
We'll need an SPX chart from you right after this to see what the drawing looks like.
It's going to be a good one.
Yeah. One thing I want to touch on is sizing, right? You mentioned that word. And I think
that's kind of one of the things that gets lost on people when they trade both on chain and on
perps. It's very easy to spot the meta at large. You can kind of see, okay, it's the AI meta,
it's the ICM meta, it's the cute animal meta, it's the brain dead meta, whatever it is.
But I think even people who can recognize this often falter on the concept of sizing. They have
their size too little, they either size too big,
and both of those things can kind of dramatically affect your entry and exit. So thinking about
how you size and want to ask, is it a universal unit size that you kind of do across everything?
Do you just kind of empty what's in your account? How do you kind of view sizing? And then
alternatively, how do you view cutting the position? Yeah, I guess like
kind of going back to the
not very
risk averse and
I'm delusionally bullish.
I like basically never
have stables.
By basically I mean I never
do. I never stable
anything. If I'm stabling it's because I'm withdrawing to a bank account.
And so, like, generally, it kind of depends.
If there's something that I think is, like, really, really way too cheap,
I'll, you know, kind of just buy, try to buy 1% of it and forget about it and hope that it'll go up.
But I don't think those conversations are really that interesting.
I think something like LaunchCoin is an interesting one
because I had spent enough money buying it that I cared about the position.
It wasn't like I threw $ into a you know random bonding curve
pump fun um and it like the longer and longer it seemed like thesis wasn't going to work the more
painful that got to hold where it's like i this i could be doing other things with this. And, but I think in general,
like I just try to not really think about any individual sizing too much and
more so just like the individual risk reward of the trade.
And then like,
like what are the potential outcomes?
And so it's like,
if I'm buying some random animal meme coin
or something which i try to not let myself do i do it because i enjoy gambling that's fun um
like there's just a really good chance that it actually goes to zero and you basically lose
everything um whereas like even with launch coin i just i really believe that that was not possible
like maybe it wasn't going to work out,
but the world where my money went truly to zero
just felt like it didn't really exist.
And so I was much more comfortable
just shoving in a bunch of money
and seeing how it worked.
And I think that there are a lot of coins like that
that are especially on-chain,
where people don't totally think through
like the potential risk reward appropriately
versus like, you know, trying to,
I think they think about all on-chain,
you know, shitters that are under $10 million the same
when they're like definitely not.
And so like I tried pretty hard
and this is something that I'm still very much
so trying to get better at.
I think it's probably one of the things that I'm not that good at because I am
pretty degenerate is just like when there are certain coins that I can really
clearly see the 10 X, 100 X upside.
And like,
I struggle to convince myself of the downside situation where I lose
everything, just like kind of going all in on those to a certain extent
got it and I guess the the million dollar question then is you know it seems like you're very bullish
at all times um you know you kind of like to really pick your spots that you want to size into
and sit on so when do you take profit how do you kind of determine this trade is close to the end
of its life cycle?
Typically, it's when my wife starts yelling at me saying, did you sell any yet?
Did you sell any yet?
And I wish I was kidding.
That's probably my weakest point of all of this. Even if you watch my launch coin trade in FOMO, granted, there was a bit of a difference there where there was a massive disparity in the price on hyper liquid and on spot.
And so like,
basically like my final launch coin sells on FOMO were actually because I was
like rotating from spot to perps because it was cheaper.
So it was like a,
it was like a 10% arbitrage opportunity there.
But even if you watch like any of that,
like I,
I never sell the top of anything because I'm always like,
it's going to go higher.
and so that's something that I'm like pretty actively trying to figure out
ways to be better at.
But at the same time,
like I don't really mind not selling the top because to me,
that's better than selling too early.
like I,
for example,
I sold like one percent of goat
at like a 10 million dollar market cap um which felt really bad after it happened and
so like those are things that i just kind of after it happens a couple of times it's just like you
know what i kind of refuse to have this happen i'm just not I'm not gonna put my like missing out on the
upside to me is so much worse than missing out on some amount of like selling the top or whatever
and so I'm not very good at it I need to get better at it um
so yeah it's a it's a bad answer or it's it's a it a true answer. It's not a very helpful answer is I
don't really know if anyone has any advice, feel free to let me know. I, I, I feel like a lot of
people in this chat, I'm kind of looking at who's listening and I see a lot of people that, you know,
I share trading group chats with and, and I think a lot of us can empathize, right? We, we always
say to each other, we're like, it's better to have never been in a position than to have been in it
and then sold for a profit. But now, you missed out on you know 1 million or 5 million
whatever it is it kind of feels much worse than just never having been in the position so i can
i can understand that yeah and i think like that's something that i've tried to get better at in
general too is just like trying to be really comfortable with missing out on other things.
Like I think a lot of times when I do do that and like I sell early, it's because some other new shiny thing has come along.
And I'm like, because I'm never stapled up, I'm like literally max allocated.
And it's like, okay, do I sell my goat coin for this new, you know, to buy Elon's hedgehog on Solana or something?
And it's like those sort of trades just like almost never work it's almost always that you're just like chopping yourself up lighting
money on fire um and so like i really try and i'm trying to get better at like laying out clear
ideas and like trades in my head where it's like i kept tweeting out like
the launch coin virtuals like price comparison chart and like those were not a joke i still
very seriously think that's going to happen um and so like giving myself kind of those like
mental ideas of like i think that this could happen do what am i saying it certainly will
definitely not because that's just just not how this stuff works.
But then when that happens, I will probably sell some.
Or if that happens, I will sell some.
If it never happens, I will probably end up round tripping a lot of the profits.
But that's a price I'm willing to pay.
Yeah.
So I guess if you're bullish all the time and overly bullish at that, and you typically find yourself in positions and not stables, I'm guessing you have a story or two of maybe round tripping. And I think most people have a story of kind of going to zero and starting back. I don't know if you have one similar, but I think the audience would love to hear if you have any comeback stories, like any times you thought you kind of were down bad,
but were able to kind of get back to where you are today.
Yeah, I don't have any like super specific, oh, this was really bad.
I was caught pretty off sides in the like March 2024 drawdown,
2024 drawdown, I guess it was,
I guess it was, like after Whiff ran really high.
after whiff ran really high.
At that point, I made a lot of money
3x long whiff.
And I doubled down on it too late
because I'm always too bullish.
And I got caught pretty off-size there
and gave it all back and then some. because I'm always too bullish. And I got caught pretty off-size there,
and gave it all back, and then some.
And that was kind of a helpful moment.
And basically after that,
I was trying to chase a bunch of other random on-chain dogshit memes and things.
And just kind of taking a step back and thinking through like,
you know, why am I buying this random thing? Uh, that yeah, sure. It might go up a bit,
but like, is it really going to actually be a meaningful trade? Probably not. And just like
really cutting back on like positioning and things like that. And I think that was something
that helped me a lot then was just like trying to spend more time
focusing on like creating my own personal narratives
for something as opposed to like
whatever narrative is most popular on Twitter
or things like that.
Because I think like,
I've been in crypto for a long time,
but I really wasn't actively trading crypto during the 2018-2019 bear market.
I was mostly just working at MakerDAO, writing code and holding coins.
And so I'm pretty bad at managing risk in times when things are like not good and not easy.
And so like just trying to get better perspective on that and like recognizing when things are a bit more in hard mode and it's better to be more cautious.
Was something that like I kind of had.
I'm still trying to figure out, but i think i got better at it after
that trade because it was a very bad one of like okay just because things were going up for a bit
doesn't mean they will for forever and you should like still try to be more thoughtful and not just
like blindly ape into everything right and i think the march drawdown cut a lot of people offsides i
feel like a lot of
traders kind of exuberated the same type of bullishness where they thought, this is just
a start, right? We have another year and a half, having year just came by and it's really time to
kind of like put the brakes on and 10, 100x whatever the portfolio is.
So I guess the two part follow up question there is one, what is the outlook for the rest of the year in your mind?
And two,
how do you kind of plan to weather periods,
whether it's sometime this year or next or whatever,
where it does look a little bit more bearish and,
you know,
there aren't a lot of things going on on chain.
Yeah.
I mean,
like,
you know,
my answer is always up only,
I'm,
I'm very bullish.
I'm like,
I'm,
I'm really excited about the next half of this year.
But honestly, I don't think my opinion there is super valuable.
You could truly ask me this at any time and I'd be like, man, so excited about crypto. It's great.
I think that's also just my personality.
I'm very bullish on things in life in general, not just crypto. It's just kind of how I think about things.
But all that to say, it does feel as though we're in a moment in time where a lot of people are really caught off sides being who who are too bearish uh and so like fortunately for me that was not the case for me um but like it does feel
it does feel like uh there's a bit of a shift happening and people were just expecting the
like trump trade stuff to play out faster than it did and then like when it didn't they just were
like oh it's all over cryptos cryptos fucked the thing i thought was gonna you know like 100x
everything didn't happen and it just happened slower than we expected and so i'm really
except for this year i think that there's going to be a lot of interesting things i think we're
gonna i think one thing that i may be a bit contrarian on is I've seen a lot of conversation recently that like, oh, it's going to be Bitcoin and stocks IPO-ing and stuff.
I just like, I really, really, really do not think that is true.
I think that like the blockchain economy that exists is just going to continue to explode and grow
over time.
I think that people who are saying we're going to get an on-chain migration to stocks because
of the Circle IPO are just delusional and they don't understand what's happening.
And so that's probably my strongest conviction part of this next cycle.
I just think that we're going to continue to see massive growth
in the more obscure on-chain world that exists,
kind of alongside just general crypto growth and Bitcoin growth as well.
But I do not subscribe to the altcoins are fucked
compared to stocks in Bitcoin scenarios.
Got it.
And is there any particular like market beta to that that you think is worthwhile for people to like pay attention to,
whether it's a stable coin chain or a new project that might be related to expanding the ability to conduct certain businesses on chain?
Curious if there's any thesis from you or any projects you kind of like.
I don't know.
I think like I still like memes a lot.
I still like LaunchCoin a lot.
I think there's like some interesting stuff.
If I was an early investor in Plasma or St stable or any of those things i would be very
excited i am not um i'm pretty excited about the mega eth ecosystem as that like plays out i'm
growing continually more excited not just because of price action in the like hype and like hyper evm ecosystem um think that like those things are really interesting uh
just like but i think in general like i i try to you know if there's like a particular trend
or something that feels incredibly counter to like people's ideas then maybe i would just want
to kind of get exposure to that but
i try like at least right now a lot of my positions are like oh i just think this individual thing is
really undervalued versus what its upside is and i guess a lot of that does have to do with like
tokenization and launch pads and things like that with stuff like launch coin i'm like i'm really
bullish on the pump fun tge whenever that happens um Um, I, I'm planning to be a pump fund
token bull, uh, you know, we'll see, we'll see what actually happens with the TGE and all of
that. But I am, uh, at least at this point in time, very much so looking forward to that as well.
Yeah. I think that's one that we're kind of all eager to see how it goes. I think there's
been some rumors about airdrops, there's been rumors about revenue going to buybacks. And
yeah, hopefully I think the narrative shifts there and people kind of become a lot more bullish of
not just pump, but just launch pads and other projects in crypto that are trying to kind of
expand the pie. I know they did a pretty unconventional thing, raising a massive round for a token valuation at such a late stage
in their life cycle. But yeah, I think at least the Solana ecosystem that I've kind of witnessed
as we built FOMO for the last four to six months has been really welcoming. And I think
iron sharpens iron. So hopefully it can be something that elevates everyone.
Yeah, I really think it will be.
And I posted a tweet about this and a lot of people didn't agree.
Other people did.
But I actually think it's going to be a pretty big capital injection
into the Solana ecosystem, not extraction.
extraction i think there could be like short-term liquidity suck involved with it um but to me
I think there could be short-term liquidity suck involved with it.
pump fun token is just going to be like so obviously the most acceptable institutional
avenue towards investing in like meme coins and like on-chain degeneracy stuff uh whereas
previously like there really hasn't been that much to do there
other than actively buying individual memes,
which I don't think a lot of more institutional people would want to do.
And so I think there's a really good chance
that there's actually a pretty big capital injection into the space
as opposed to liquidity suck.
And I don't think people are really appropriately considering that circumstance.
Definitely.
I think if your thesis is right
and that kind of plays out,
we probably see coins going much, much higher, right?
Yeah.
And I think it will raise targets for a lot of things.
I mean, I think that odds are if I I'm in the US I'm not sure that I'll be able
to participate in the pump fun TG or like sale if I could I I think I would probably full port it
I thought I think I would put all my money into it I think think even at 4 billion, it's really cheap.
And so I think that the price action that comes afterwards will raise targets for a lot of other things
that you can kind of compare to it.
Yeah, I think there've been a lot of analyses there, right?
Of different coins that I've kind of done very well,
like Hyperliquid and other revenue generating coins,
quote unquote.
And yeah, I think interested to see how the market prices in four build could be very cheap if they do have a plan
to kind of distribute some of the revenue and and i think more and more people hopefully will start
looking towards projects that are generating revenue and can kind of provide more value to
generate systems yeah yeah it's gonna be really regardless of what happens it'll be really
interesting to see how it plays out um i don't think you know it's just been a very long time since we've seen
billion dollar icos so it should be it should be a good time certainly well okay i think the last
question that i have for you is um i think it would be remiss if we didn't ask for price targets
on the three coins you mentioned so um i know you're exuberantly bullish, but SPX, Farcoin, Launchcoin, when do you think
is the top for these coins and how do you imagine selling the top of that? Are you going to likely
round trip? Do you think you'll kind of hit your targets and move on? Curious how you're viewing
that. I mean, there's no way that i'll have optimal optimal
selling prices that's for sure uh i've already i've accepted that um i don't care about that
um i i really genuinely think that like a launch coin to virtual's price target is
that that's kind of always been my my thought process um lately i've been leaning
more towards the virtual's all-time high uh but but that's just because it's fun to dream
i i think i i think several several dollars for launch coin is is totally within the realm of
possibility um for fartcoin and spx, honestly, I have no idea.
I think that they're going to go much higher than people expect them to.
I think that memes in general will.
I think that Fartcoin and SPX will have Shiba-style runs
that just really, really surprised people.
I don't,
I don't really see why they couldn't.
I think the argument would be just like dispersion of,
of capital and memes and things like that,
you know,
not Kabali enough.
But I don't know.
I'm,
I'm pretty pilled on the,
like the Senate, I don't know. I'm pretty pilled on the outcome and scenario where Fartcoin to Coinbase and all this stuff is actually pretty meaningful.
And so I don't know what that means price target wise.
Let me pull up market cap up real quick and I'll do a Fartcoin to SHIB all time high and give you guys some hope.
It's going to be a ridiculous number. I'll do a fart coin to SHIB all-time high and give you guys some hope. That's what we need.
It's going to be a ridiculous number.
What the hell?
Why is it so hard to find a new coin on here?
All right.
So fart coin to flip SHIB would be $8 and to all-time high would be $41.
So that feels a little ridiculous.
I'm here for it.
I don't know, what if?
Right.
You know?
Right.
No, definitely.
I think there's a lot of FAR coin holders here,
myself included.
And yeah, I think we're along with you.
I think we hope this can be something
that goes on one of those runs
where it kind of is just endless bidding for the next six months. And a lot of these coins do reach
highs that we've seen pervious cycles. So yeah, excited to see how things go. And I think that's
a wrap here. I know we went a little bit over than expected, but really appreciate the time as we
kind of went through technical difficulties. And most importantly, in inaugurating the Always Early
Series, I think,
you know, you're the perfect person here for this and we couldn't be more honored to have you
be part of this. Yeah, thanks for having me. This was fun. Awesome. We'll transcribe this and
share it out to those who kind of missed this case. All right. Thanks, guys. See ya.
