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Hyperliquid stuck with $JELLYJELLY Max Short - Rekt Radio #102
Recorded: March 26, 2025 Duration: 0:42:39Space Recording
Short Summary
The conversation covers the launch of new projects like Yeet, technical trading strategies on Hyperliquid, and concerns about financial declines due to significant losses. There are discussions on market trends, staking yields, and innovative trading tactics. The potential impact of Hyperliquid's financial instability on the broader crypto market is also highlighted.
Full Transcription
I'm going to be.
I'm going to
I'm going to
Hello, yeah.
Am I even in this face?
No, I don't know.
Yes, I stopped going on.
A lot of stuff going on right now in background.
What's up?
We haven't been here for a while.
Recreedia 102, our esteemed guest, Mr.
First name, Bitt, last name, boy.
has been arrested. That's sad. I mean, like, we don't really do it. I know he's been going through a lot.
So yeah, waking up to that, I was just like, oh, God.
The first thing I saw was from Wizard of Soho, being like, how much is bail?
And I was like, oh, what the hell's happened now?
Yeah. So we don't need to talk about it much, but he was supposed to be the guest today.
So instead, you guys just get us.
Should we just talk about this hyper-liquid thing straight off the bat?
Like, yeah.
Yeah, I haven't been on the internet.
So I think I'm going to be, I'm going to need a full rundown.
I literally have not left Yeet Slack for five days.
He's to get the Yeet, like, a sponsorship thing going, don't we?
Yeah, yeah, we do.
Oh, no, now.
Is that something that has happened now since, uh,
Since our last show, the formal announcement for Yeet has kind of gone live, right?
We are launching a casino and sports game.
It's a little late, but it'll be there.
There'll be our new sponsor.
We'll do a bunch of prizes on the back of them.
Yeah, go check it out.
If you go to coming soon.eat.com.
We will, you can sign up and yeah, that's going to be a key show partner, I think, going forward.
Yeah, I mean, we put a lot of fucking effort into this.
We've been building for every year.
It'll challenge the incumbents right away.
So we're happy to launch it.
Yeah.
So yeah, there's that.
I'm actually looking forward to doing that on the site.
Now we could actually like, I guess who's going to do the daily, the weekly shout out to our sponsor?
I'll do that.
Yeah.
I'll keep it, keep it, I'll keep that job.
I finally got my wreck drink too.
There you go.
There we go.
Finally, let's get in a hyperlicker and stuff.
I don't even know what's going on.
So yeah, let me break it down.
So it looks as though hyperliquid had some very liquid coins on their, on their part decks, right?
And that has one of them was jelly jelly and they um yeah they uh basically allowed um one of one of the traders to um go max short and that has created and then he drove up the price on spot so it's created a short for hyperliquid in jelly jelly um how much should they let him short
Well, four and a half million dollars.
Okay.
And the LP for Jelly Jelly is three.
Oh, wow.
What happened here is like, what happened was like someone, I think what happened was someone went short on hyperiquid.
And presumably they are in a ton of jelly jelly spot.
They then liquidated themselves.
So hyperliquid inherits that big short position.
and i guess now they're just stuck in this massive jelly jelly short while you can get i think they
can they can go market can attack this and it can make jelly jelly go up 10x even well that's that's
that's what i was saying like if you if you're if you're buying that's your coin base why do you not
just like buy a ton of this thing this is actually like a textbook hedge fund like
fucking gangster play as well so um
If I'm Sisi, I'm fucking buying as much as I can of this thing, then I'm listing it.
Literally.
And I would do that as soon as I can.
Yeah, they can be on the hook for, yeah, tens of millions of dollars pretty quickly.
Yeah, well, if this goes up to, I think it's a price of like 150 million odd, it wipes out the whole of the hyperliquid vault.
Only 150 million? That's, I mean, like a hedge fund can do that.
Right, so I'm taking all my money of Fipiliquid as we speak.
And especially when the market starts buying it out, like they are right now during the show.
Like it's just like it's a guarantee then.
I would, I think this is a buy.
That's what I'm trying to say.
It's that, well, it's only a, so what, I mean, it's just pumped to.
It only has to triple.
This is like a guarantee.
Right, so this is what's happening, but you can also short hyperliquid, right?
The extra one point.
Non-Jelly jelly, short hyper liquid pair trade.
I'm surprised, this feels like classic you, like you missed the hyperliquid air drop.
This is your chance, right?
This is like this is the hyper liquid cope trade.
I mean, I don't, no, no, we agree that you're going to be a nice guy from now.
Come on, KPM send it.
A client facing business.
But, like, textbook.
Yeah, this is beautiful.
This, yeah, it's, like, and I'm not just doing this to fud.
I am taking my money off hyperliquic because I think there's a genuine risk that this thing could go.
Yeah, that's interesting.
well yikes yeah that that is a nice trade well done to ever orchestrated that i mean it's hyperliqued
getting out of that position i guess now well we don't know they have to buy it back right
and they have to buy it back on a but the the LP the on chain LP is only three million
there you go it's happening oh man that's pretty that's a big move
fuck yeah um
Yeah, the thing is, as more people see the smoke, it'll get, the fire will create and it will burn.
But I think the other thing is that, like, it's repeatable.
You know what I mean?
Oh, yeah, definitely.
This was very similar to.
They need to lower the risk parameters immediately, no?
Have they not?
Well, they did for, like, remember, because someone was doing it was like 500 million of Eath, right?
But they didn't change it for their low liquidity coins.
So, like...
This idea where you create like an on-chain liquidation, like you create like this, this thing for people to attack, it's really dangerous for them.
Yeah, pretty cool. Definitely awesome. I mean, not awesome for the chain, but like a great idea by whoever did it.
Yeah, I think this is very dangerous.
Even just a normal, it doesn't even have to be a sex, just any market maker.
can just who has capital could just fucking go in and do this thing now i think everyone's kind
of aware of that but like everyone's like now that it's there because they still haven't closed
the position right so it's still that they don't just snap well i guess they don't snap close it
due to efficiency reasons but this seems pretty dangerous seems like something you should probably
try to close like you're fucking they're fucked
Yeah, so like I was always in JLP, but that doesn't have this risk because it's only Bitcoin, Ethan and Solana.
The issue is about HLP, which is their liquidity.
It's full of this, right?
It's full of tons of different like smaller liquidity coins.
Yeah, in some ways I'm surprised no one's look keep that chart up for the show. We might get it some fireworks today
It's fucking it's fucking riffing right now. Yeah, I'll keep it up on my other screen. I guess yeah, I'm just watching it like it's hard to see a world that doesn't get there. That's really not that far that it has to go
I've just taken all my money off pipe liquid now I don't think it's gonna be like that hard for mercenary capital or like a hedge fund and fucking push this thing or whoever's doing it like it's pretty fucking easy
Yeah, that's a wrap on that.
Let's see.
I mean, it's gaping up hard.
This is the most interesting thing to happen in crypto in like the last month.
Yeah, this is fun.
We just be shorting the market though.
Like this could take out a lot, right?
Not the market.
I don't know.
Yeah, I mean.
It goes down.
That would go.
That's like.
Would they go down?
I think it's nothing.
Right, they can go down.
The HLP is there.
Is there?
So let's think about the mechanics here.
What's their net short position?
Wait, did they get out of the trade?
Why is it going up like this?
Yeah, they must.
Maybe they closed it.
Maybe that was the big spy.
There has to be something, right?
Like, why would it do that?
Yeah, Jelly Jelly is going down now.
So maybe they just closed it.
My guess is they just got out of trade with that reaction.
Yeah, maybe they did.
They've been watching the show.
They realized that they had to snap.
That's what that move was.
Yeah, they had to.
Somebody fucking source her, okay.
Maybe, um,
Maybe an OTC desk got it for them, I don't know.
Maybe someone went to them and was like...
I would have to assume they got out and that was a hell of the long man.
I was really excited about...
Yeah, I was getting pumped.
Yeah.
Jelly, Jellie, nuking hard, they definitely got out.
Where is it?
Anyone find it?
Hyperliquid is ripping and Jell is going down.
Finance teachers will list USD margin, perpetual jelly jelly.
Is that the headline?
Yeah, so what does that mean?
Like they're going to be able to get out on purpose on finance?
Like what the fuck?
I don't know.
Hmm.
Maybe.
I don't know, but whatever the news that just hit clearly fixed, whatever the problem was.
Well, see you guys next week then.
Yeah, well, that was fun.
It was a cool show for five minutes.
We made them capitually.
I think that was us.
It did it.
Yeah.
Thank God for us.
We saved type of liquid.
That was good.
Anyway.
Yeah.
What else is going on?
Damn, that was a quick lift.
What else? What else?
What else? Oh, fuck.
Well, guys, what are we talking about next?
You guys are, what are you looking at?
What are you doing?
I was looking at that and you with you.
Someone just nuked epic.
I don't know who.
Yeah, that, basically, a lot going on.
So how they brought it back?
I'm still kind of confused.
Apparently, I'm in chats and it says they've...
Oh, it's just the Binance headline then.
Well, it says that they've covered it now.
Yeah, I'm going to short.
Well, I'm seeing that in chats.
I don't know if that's like official or not, but that's what my chats are saying.
Is that though?
I haven't seen anything that the only...
Why do you is that they listed jelly on Binance?
Yeah.
And I don't know if that's good or bad.
But it's a, it's a, yeah.
Hyperliquid seemingly delisted jelly, the second finance perps were listed.
So it was coordinated between Bynan's them.
So I don't know.
So maybe Binance took the position?
Yeah, it seems like Binance probably helped them like that.
Yeah, that's probably what it is, isn't it?
They delisted it all.
Hyperliquid listed on Binance.
Probably help them with position.
I don't know.
That's what it seems like.
Well, I'm guessing it was covered because it had that massive spike right to 65 mil
But that's probably not enough to for the whole position but maybe they bought some OTC and that was the balance of what they had to buy
Like it feels that maybe what someone's done is like orchestrated position they took the position no doubt
Yeah like whoever was long we just went to them was like hey look we can belly out here
if that's the anything i can everyone seems to be misunderstanding everyone's like oh my god they're
going to kill them they just listed it yeah um that doesn't appear to be what just happened anyway
wow finance being the good guy good guys again god is this going to keep happening to them though i don't know like
Are they the good guys at the back who we don't really know what have like someone's this an attack someone's done something
But this has been repeated for the last few weeks we've seen a few of these right?
Oh, have we?
You haven't been following the hyperliquid whales?
Not really, no I've also not been that plugged into the market either in the last couple of weeks, so
like golf I don't even I knew I would have lost money had I been
Well, so when's bit more coming on?
I don't know if he's going to be on ever again, but...
Things have really, really...
Why did he get arrested?
He was threatening a judge.
Have you not been following Bit Boy recently?
He was threatening a judge, which is why he got arrested.
Yeah.
Do you think there's any truth to what he's saying?
He seems to think there's lots of people out to get him.
He's being a bit scapegrating.
Yeah, we've spoken on.
Then he'll launch a pre-sale.
I think that's just irrelevant, though.
Apart from that, do you think it's...
I don't know what's making it really like uh what's going on
i don't know like he didn't look so good either so
not angle isn't it difficult to know what was going on there
CRG says their vote is down 50 million so they lost 50 million wow
why does why does everyone think that buying is just fucking them with his listing when it was clearly
a fix like what is everyone retarded
It appears so anyway.
What else is going on on that side of the world, guys?
What the fuck?
Nothing?
Yeah, I don't know.
Like, markets-wise, it feels like we've had a bit of a balance.
I kind of think the lows are quite in here.
But I don't think it's going to just be this big V-shaped valley.
I think it's going to take a bit of time for things to go higher.
But I'm generally quite long.
I bought DCA quite a lot.
I still think we're just in a period of chop.
trending downward, but you know.
Yeah, I think we will be in a period of chop.
I think we will, could be down, could be up,
could be sideways, hope that was helpful.
But I do think, I think it will be a good spot to,
I still think this is going to be a good spot to buy
within the context of this year,
whether, you know, I don't know if it's the absolute pico lows,
but.
Yeah, I don't, but, you know,
whether is that.
This comes as a great surprise to me.
Quiz, is that surprise?
Oh, man.
To be fair, I don't really know what we're, what's like the big catalysts we're waiting for now.
Um, you have liquidated.
Bitcoin will never make another eye if sailors involved.
I mean, I was looking for bullish cast, but I can't think of any British catalysts.
Um, yeah, sorry.
Uh, man, this hyper liquid stuff.
I still think it's going to be bad.
Like, uh,
For the company, I mean, they lost 50 mill.
Yeah, sorry, we're just digging through stuff here.
That's why we're not speaking on it.
How is, did the hyperliquid chart sell off again?
Their whole insurance fund is in hype.
So I guess if somebody keeps pummeling it.
Yeah, there's some interesting.
The insurance fund is in hype?
Yeah.
There's a few.
They're saying that like Grafane is listed, $46 million.
Yeah.
What other coins on hyperliquid are there that they have really low market cap?
That's the trade, right?
Find the low market cap hyperliquid coins.
They got a lot of...
I've got the risk for him now.
Chill guys, 32 million.
Ooh.
You know who else denominated in their insurance funds?
Well, not really.
They listed anime.
I don't know where the fuck that is.
It sounds a lot like FTX.
It does.
Yeah, FTT.
This feels not great.
Anyway.
I'm just looking through all the coins that they have.
They have some really low market cap stuff on here.
You shorten them?
and then you'd go long on if i'm honest you short the height you know short the short
height and you need them to take a short position from you though you do it yourself though
anyway um yeah or you just play on the fact that maybe someone else will do it yeah yeah of course
wow yeah i i wonder if dexes are ever going to be able to like deal with this this feels like a
No, it's such big risk limits, no, right?
So it's kind of, they're kind of cucked.
Yeah, right?
Yeah.
I've always felt that way for a bit, but centralize the way.
I didn't give you the air drop.
I've always felt like that.
That's why I didn't trade there.
Yeah.
What's, should we bring up, what, what's Flood saying?
What's Anson saying?
Buddy boy.
What's Sisypha saying?
What's all the hyperliquid guy saying?
They're frantically dumping.
Yeah.
No time to tweet.
Hyperlinking.
He's not,
he's not tweeted since the 24th of March, so.
Coincidence?
I love, you know whose tweets I really appreciate Cooke?
Why is Hyperliquid down minus 70% today?
Hyperliquid.
I tweeted that out.
I'm frantically dumping hyperliquid.
Oh, God.
Was that just some bad taste?
Is everyone lost money?
No, who cares?
Who cares?
Yeah.
Play stupid games when wins Superprises.
I think if there's one place in the world where it's socially accessible to do that kind of thing that's crypto-twess-it-s-so.
Yeah.
Oh, nice.
Okay.
Well, that was one thing. I don't know what we're going to be doing.
I said this before, like, it feels as though there's a brief period here for, like, the sole trenches.
We'd be like, it's more established means that are doing okay, right?
Yeah, sort of like the top the top 25, isn't it?
They all rallied pretty well.
Like Pepe's back up, a bunch of these of it.
I don't know if they still are.
Yeah, people are buying the low-cap stuff.
You can already see it like chill guys rallying.
Oh, God.
Is everyone really dumb or why do people think that...
Oh, it's just a coincidence, OKX and Binance listed and they delisted?
It's obviously coordinated.
Yeah, they're 100%.
They teamed up narrowly.
Everyone's like, oh my God, CZ.
It's like, he helped them.
Am I crazy?
So what would the mechanics be of like these other positions like Chill Guy and stuff?
Like someone would have to do the same thing.
They would have to.
Yeah.
If I'm hyperlipid, they take a massive short on hyperliquid, then they start buying
spot and they force a liquidation of their short position.
Yeah.
And with low liquidity coins, which a lot of the pumpfine coins really are, like, you
can do this.
Surely Hyperliquid just delists all the liquidity coins now then.
Well, that's what people are saying, but they haven't yet.
So it feels like a bit of the suckers trade to like.
buy loads of something like Chill Guy and then they just delist it in the next hour.
And then you're just like, oh.
I think the other thing about Jelly Jelly is it's one of the few ones which they,
they are the only person to list it.
So like Chill Guy, I think is listed.
Maybe at other exchanges for Perps, right?
But maybe Jelly Jelly isn't.
So this was maybe the perfect coin to do that in.
Yeah. Yeah, I see what you mean.
Why did they even list Jelly Jelly?
Anyway, like.
That's the point, like.
I think that's someone saw that and said hey we can fuck them up.
So they lost 50 mil in this position.
Is that the number?
Well, I think the vault is down 50, which means that they would have lost a certain,
I don't know what they paid to get out of this, but I reckon they paid a lot.
But they also would have lost TVL.
So it's difficult to work out like what out of, what was their actual loss and then what
was the TVL?
But theoretically you would pay a lot to get out of that position, right?
They were about to get absolutely fucked.
So I see this tweet here actually which shows,
here let me put in our radio chat.
This tweet here says they force closed the jelly market and over at the Oracle price
to settle at around 95 million market gap.
Okay, there you go.
And that was $3.7 million trade or something like that.
Anyway.
I'm playing some poker in 30 minutes with Faroak and some.
So I'll get Handsome five.
Can we talk about the lines here a little bit?
Like on Marriott markets, which admittedly Faroak is the CEO of,
it's a 45 versus 55% chance.
Like, they have you beating Faroak only 55% versus Faroak 4%.
I haven't played in a while, but that is kind of disrespectful.
I was like, that's pretty disrespectful.
And Faroic was like, no, man, I'm really good.
I was like, brother.
And he said he's better at trading to me, too.
I was like, I'm just my name on talk about this fucking guy.
See this market?
I'm like.
I know it's obviously like it's a it seems like it's free money for those who want to make some money
Disrespectful in my opinion this is real money too thank you even Jingtow versus Anson seems pretty wild there
Yeah, that's
I'm crazy right
What do we got here three and a half players and bus on first
first line when I am? Yeah, I don't know there's some mispriced markets for people. I
I guess we're getting a bit more of the hype.
Yeah, like it feels like they were able to close it.
I mean, these things I don't know, like were they able to force override the Oracle.
Yeah, I don't know what that means.
Is that good?
I guess that minimizes the loss quite a bit, right?
Yeah.
Oh, that's a good tweet.
Anson, sold all my hype last night.
That's so good.
I love that.
That's funny.
I was like Hyperliquid.
I was an investor,
but now I'm going to do it all on Binance again.
Anyway.
So yeah, what else you've been doing?
So, oh, Seth, what are you buying?
KBM, I know we are just like insanely busy, but I'm still doing like this Dgen, DFI stuff on Sonic, like, which has been good, actually, made quite a lot from that.
Oh, yeah, how has Sonic been? I did like the idea.
It dropped a bell. I mean, we did it right before the big market set off, so it went from 90 cents to 60 cents.
But it's kind of held up pretty well there. It's up 50% from the low, so...
It's been one of the better ones and I don't know TVL above a billion now.
They've they're doing well.
I like I like that one.
I like Andre and you can do quite a lot of stuff on there.
Yeah, now he had some good ideas and explanations of things.
I thought it was definitely unique.
So that's cool.
Was that our last show or what did we do last time?
Was it Wiz, we're sorry last show?
Yeah, it was it so.
Yeah.
Yeah.
Yeah, so I've been doing that.
You can do like a lot of like even delta neutral stuff.
You can make crazy, you know, so stuff.
So do you actively sell your staking rewards?
Or do you just accumulate the staking rewards and restake?
Uh, it depends. Some of them I sell, some of them I, I, I just, uh, auto compound. Um, I use beefy for some stuff. Um, it's just like an auto compounder.
Beefy, that's a real blast from the past of 2021.
Beefy's still going, man. Great, great little platform net. Um, and yeah, because, uh, it's actually,
It's actually like half, just from my tax situation as well.
It's like it counts as foreign income.
So it's zero taxing me.
So I don't really care.
Hmm.
The Bitwise guy tweeted hyper illegal and then deleted it.
It's not illegal, whatever happened there.
But maybe Binance just bid...
it's always difficult to know like who is the person behind all these but like you can imagine
but if finance saw that they could have been like yeah well we can we can basically have
the fact that bonnets swooped in like that and probably took the position makes me think that like
maybe they made maybe they were the originate yeah basically what happened with fdx right he
saw his opportunity went after after spf and maybe he did the same here
Yeah, I'm sure what happened.
He did save these guys rather than FDX, which he didn't.
Other people seem to think they weren't saving them.
The timing just all lined up to the minute.
So I don't know.
I can bet a lot of money.
It's so ridiculous.
Why did they save them?
Well, it's not good for the industry when you take out a whole fucking exchange.
I don't think it's good for regulatory reasons.
There's a lot of bad stuff that comes with...
that came with FDX now.
So yeah, Hyperliquid only have 300 million of TVL, right?
So it's bad, but it's not like...
It's not FTCS level by any means.
No, of course not, but...
But it is bad.
If Hyperlick it went down, it would undoubtedly be bad for crypto overall.
Yeah.
And bad for just like, defy.
Yes, the poker is streamed.
I will... it's on my page somewhere.
What are the stakes?
It's only for fucking two grand.
It's just for fun, basically.
just on there to hang out with the boys and uh you know what we're right now i do you shit out
for oak there's a lot of ct crypto stuff but which i've never ever watched but what i would
watch is if it was like proper high stakes like yeah 500k one mill buy ins like it's like a
fucking like big game i would watch that i played that on stream before i played 250k buying or
something yeah on a stream uh you know the other founder
We ended up in a million combined between us.
They wouldn't, they wouldn't wire me the money at the win.
And we had to take in cash.
So we had just a million dollars in cash in a backpack.
Wow.
Just walking around.
But yeah, that was a fun game.
That was like a year and a half ago, though.
The good old days when you could just make a million cash and walk around with it.
Not so much anymore.
I like this quote tweet, CRG has done of CZ, which was hype may win short term, builders win long term.
Obviously he was talking about hype the word, but it's quite a good one.
I feel like Hyper Liquid was one of the actual few winners of this cycle, didn't it?
And then that's that happened.
I do not feel comfortable using it now.
they just got to delist they should just focus on bitcoin how much volume is bitcoin
versus fucking jelly jelly like no one cares about jelly jelly jelly like
they now yeah just cut all the limits on everything like that easy why aren't we smart
enough to do but trade like that or we just don't have enough money don't have like money
it's like probably a big position right yeah you need a few million clearly probably
probably needed like
10 million or so I think probably to do a trade like
So instead of like gambling all these coins why can't we think of like a smart trade like that way it's like oh yeah
That's what take down the take down the exchange trades just
Something where it's like this is I guess it's I mean it's the last of these trades like Luna doesn't feel like I've seen a trade like this for a while
I guess the East trades but the East trades with like hundreds of millions
This trade made sense because you need, yeah, I guess it all makes sense like ex post,
but you needed no one else to have listed it essentially.
The hyperliquid does feel like where a lot of this gains and ships happening, right?
People are looking at it and being like, what can I do here?
Because the volume is so massive.
And because of the size of the liquidity pool, you can put in huge trades.
I'm really, I mean, I guess it's good, the outcome is good.
for the market but i was ex you know probably some good action yeah i was just like you know
there was some like legendary short-squeeze stories and financial markets and
last century and i was like oh maybe this could be one of them but and it's just like the most
random fucking thing like jelly jelly and the hype like you try and explain that to normie they'd
literally be like what the fuck yeah um
The only other one that's been doing well has been Fartcoin.
You think that one's going to be an alter cycle meme?
It seems like, I don't know if it will be like an intercycle meme.
Maybe it will, but.
People are loving it again.
People are loving it, yeah.
I've always been a big fan, but it was tough after, I mean, after what's his face,
Libra, I just reduce the majority of the bigger sole positions.
I still like a lot of these AI coins.
Like I think that's the...
Apart from Bitcoin, that's the other stuff I've been buying,
which is like in the money off the lows,
but obviously still down, like 90% across the board.
I don't know.
I just don't actually know how long this chock could last for.
But I do think when we come out of it, that'll take longer.
I think the easiest ones are like the L1 still.
That's why I kind of like this sonic stuff,
but rather than the really risky stuff.
And then maybe like the biggest memes,
again, they probably do do okay here.
It felt like a big, like macro short squeeze.
Just like across the board, everything was getting squeezed.
I don't know how long on that will last full.
But yeah, so everyone's been wrecked now this cycle then.
So NFTs, meme coins, and now perp trading.
And anyone who made money from the hyperliquid hairdrop,
who was like the fourth group.
Great cycle.
I'm going to go back to this hyperliquid thing again.
When it says they...
overrode the Oracle price to force close.
Does that mean they just decide on their platform that,
okay, we're just going to stop ourselves out at this level and that's done?
Is that what they've done then?
Because I see this Zach XPT comment saying,
kind of annoying if they draw the line here,
but not when DPRK had reasonably size positions
open with funds from the radiant hack.
Yeah.
I genuinely don't know, man.
I genuinely don't know.
So that's a bit dicey, right?
If you're just like, I'm not saying that's what they did,
but I'm just trying to understand what that means.
Yeah.
Um, yeah, of course, like,
how can you override an Oracle price?
Well, there's like, isn't that?
Three nodes, right? So like, I don't really know.
Isn't that a bit dodgy?
Of course it's dodgy, but like, like I said, like they,
I don't know what needs to happen for them to do that, but
It doesn't feel very defy to me.
Is Hyperliquid that defy?
I don't like it is.
It kind of has has it feels like mid level.
Phi let's put that way.
Like it's not really a decentralized chain in any way.
This feels like this app, which is a really good app.
But it's very much like this centralized team is going to build this.
I don't know.
that was always i don't think the hype basically one time i say is i don't know if people on hyperliquid
actually care about that yeah very i'm very interested to continue to read the commentary
surrounding this debacle today why is that so funny uh it is true everyone likes a little
drama on ct right everyone likes a little bit of drama yeah that's what all the um
That's what all the commentary is now.
If you look at ICO beast and those guys, they've just been like,
they just decided, they just picked an arbitrary price and closed it there.
Anyway, I don't know.
We might have to cut the show short.
I got to run this for everything.
I'm being bugged.
Okay.
Seems like you guys want to keep going.
I might have for all, though.
Don't have anything else to say, really.
Yeah, well, it seems like it was just crime committed by everyone.
And that was it.
It's one of those things where it's like I kind of like work up from my sleep and then it's like I better go back to bed sort of thing
You know like actually or just no not actually not actually but like I haven't been trading or anything like it just feels like
Yeah, there's not much to do DG eminent
All right. Well
I'll see next week. Maybe we'll have a guest maybe maybe we won't maybe there'll be a eat live
Maybe won't be
We need to get beat all over this thing though, right?
Like, what a great show, Mrs. Pinn.
Let's make sure that Ye is associated with this every single time.
Yeah, especially this one.
This one was a great episode, great job, guys.
Hey, I think, to be fair, all right.
We had a last minute cancellation of a guest.
Yeah.
And it was a big guest.
Yeah.
Yeah.
We've got to get.
If you watch the last bit more show, you know he would be speaking for most of the show.
Yeah.
He was going to go off, I think, this show.
Yeah, I think you guys were hoping that that would be it.
You know, just throw him a boat and watch him talk for half an hour.
I do like sidework while we're just sitting there.
I love how on the last show when he came on, he was just...
saying names that we should know these people is like yeah yeah like Danny's after me they're all after me and like Jimmy did this and has
So have you not I mean I feel like you haven't
But like it's gotten so much more like that like if you've been following anything about bit boy and
The eyes are looking a lot more black and gray.
The health isn't looking so good.
He's like talking to himself,
and he's writing like literal thesis on how the world is after him.
Like he dialed that up.
If you thought that was like 11,
he dialed it way, way higher than that after after that start show.
Just watching this video, he does not look good.
I hope he stays in good health.
Okay.
We'll be on a poker stream a couple of them.
Phantom, Broke, Jingtow, yeah, Luke and Nett.
I mean, if you want to, if you want to make some money, bet the house on on Jentau and KVM here.
All right.
All right.
Speak you guys in a bit.
Okay, goodbye, everyone.
