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Market Talk- Alt season starting soon!? Sol and pump to new highs!?
Recorded: Sept. 4, 2025 Duration: 0:59:19Space Recording
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you for coming home.
Sorry that the cheers are on.
I'm here from here.
I couldn't respond.
These are my sad days.
So we'll be taking away.
Just another play for today.
Oh, but I'm proud of you.
But I'm proud of you. Nothing left to make me feel small. the more playful today
nothing left to make me feel small look just let me standing so tall
go always believe in your soul
you've got the power to know you're in this comfort.
Always believe in.
You are going home.
Learned to make you return.
There's something that you have learned.
You're in this comfort.
Always believe in. Oh
It's only two years ago a man with a sweet devil in his face Knew that he was there on the case
Now he's in love with you, he's in love with you
My love is like a heart, I'm a Christian, and you could leave me standing so tall You're in the shuttle
You know
I always believe in your shuttle
You've got the power I want to know
You're in the shuttle
Always believe in your shuttle
I've got you back to return
Something I could have learned
During the shutdown
Always believing Thank you. Music You're in the struggle.
You're in the struggle. Always believe in your soul.
You've got the power to know you're in the struggle.
Always believe in you are going home.
Glad to be been to return
To something I could have learned
You're indestructible, always believing
You are gold, always believing your soul
You've got the power to know
You're ind this place. I'm going to go. guys what is going on something huge just happened to the market something insane
something critical even the s&p 500 has made new year-to-date highs.
The IWM has made new year-to-date highs.
Pump is leading the altcoin market.
Ladies and gentlemen, this is truly going to be an insane playbook,
never before seen in the history of markets.
Today for the Bitcoin and crypto prices, and yes, guys, I've got an insane and exclusive update for you all here on Market Talk.
So welcome back.
Welcome.
Welcome back to Market Talk brought to you by Because Bitcoin.
I'm your host, Wabi.
Dear ladies and gentlemen, we are about 10 days away from the FOMC.
And historically, if we look back at the last two years, the market typically has bottomed
out in August and we've put in a higher low no more than a week and a half after Labor Day.
Now, is the bottom in?
Well, exactly a year ago, exactly a year ago, it's pretty scary, right?
We bottomed out on this day.
We put in that higher low at about, I'm pretty sure it was at like 55, 55K, something like that.
I'm here on CoinGecko.
Yes, I like to use CoinGecko.
I'm not fancy like some of you people that use your boxes and charts on TradingView.
I'm just not like that.
I just log into CoinGecko and I let that chart do the talking for me.
I'll leave the charts and stuff to Donnie.
But either way, about a year ago, I think it was actually September 6th, excuse me.
So 366 days ago, that is when we put in that higher low.
So maybe we chop around for one more day,
but I think most of the damage is done here, guys.
And when you have the S&P in price discovery,
when you have the IWM,
which is honestly just another proxy for the Russell 2000 ETF,
make a year-to-date high, a fresh year-to-date high,
and it's officially up 7% year-to-date high, a fresh year-to-date high, and it's officially up 7% year-to-date.
Man, it's only a matter of time before BTC and ETH go back to range highs.
I think during this next leg up, ladies and gentlemen,
the stars are set for Solana to continue to lead,
as it has over the last two weeks or so.
Two weeks or so, excuse me, after ETH had peaked out at almost 5K.
And nothing happened on chain.
That's what's kind of shocking to me.
ETH went to almost 5,000, and there was only a few tickers
that actually did something.
I think it was Tibur, Ray, and KTA.
Other than that, I didn't really see much, to be honest,
on the ETH side of things.
And guys, this FOMC is going to be historic, not only because they're going to cut rates, but the end of quantitative tightening.
During Jackson Hole, we had Jerome Powell verbatim say that it is now time for a change in monetary policy. And a change in monetary policy would at
least be switching from hawkish, which is quantitative tightening, to more of a neutral
stance, which is stopping QT, which happened going into the second half of 2017. You take a look at
the S&P. No, actually, you take a look at the Nasdaq during the second half of 2017. The Nasdaq, after quantitative tightening had ended, the Nasdaq went on a 12-month tear.
On a 12-month tear, guys.
And now that crypto is so tied up with equities, this could give us a runway of about 12 months.
Again, if we want to stick to four-year cycles, ladies and gentlemen, then the quote-unquote cycle is supposed to end
in six weeks 18 months after the bitcoin having is historically when these cycles have ended and
last cycle crypto and in the stock market peaked out around the same time so if you're calling top
on crypto you're calling top on the equity markets.
And if we take a look at something as simple as the S&P, the S&P is barely up five to six percent
from the inauguration highs. And if we want to go based off of history, then usually during a
post-election year, the stock market gains are about 20% plus during that year. And anyways, I'm not going to
ramble on too much. I want this space to be more of a continuation from the space that me, Donnie,
and Matt hosted yesterday. For those that were there, you guys will remember that space is
starting kicking people out, and some people weren't even able to tune in. I'm sure you guys will remember that space is starting kicking people out and some people weren't even able to tune in um i'm sure you guys have seen that uh that error where it says unable to fetch
space so we had to end the stream a little bit early yesterday so today's going to be more of
an extension of that so uh we also have prometheus up here if you guys want to come up feel free to
do so um tomorrow's stream is the
weekly wrap-up where when i usually have people come up but tomorrow's stream is going to be a
bit of a shorter stream as well i'll be going um on a retreat with my church so i'll actually be
at a campsite um and with that being said tomorrow's stream is probably only going to be 45 to one hour tops, if that.
So I'd rather just use today's space if you guys want to come up and chat.
And I would encourage you guys when you do come up here, if you want to speak about the market, show us something that we're perhaps not seeing.
I'd rather avoid straight Q&A because it doesn't really inspire too much thought.
And one thing that I do try to avoid with these spaces as much as possible is for it to become
the crypto version of something like the late night talk show with Jay Leno, right?
Where it's just question after question after question. And quite frankly, it makes me want
to pull my hair listening to spaces where it's
just question after question i'd rather inspire thought and conversation rather than rather than
having people up here waiting to be asked questions or to ask questions right i find that really
boring but before we get started guys if you all can show some love. Wow, Coinbase just listed some shitter that I've never heard of.
That is crazy, man.
They're really listing everything under the sun.
But anyways, guys, if you guys can go ahead and show some love to the space,
best way to do that, guys, is by clicking the spaces tab.
Once you guys do that, you'll see the nice link that says x.com slash i slash spaces yes and go ahead smash up that like
button hit up that repost button hit up that read sweet button as it does a number of things
number one it sends an algorithm to blackrock and larry finkelstein gets a message once you hit that
like button once you hit that repost button to hit the green button to mark up the prices on your favorite crypto assets on BTC, on ETH, on Sol, on Hype, and most importantly, on Pump.
Larry Finkelstein is buying PumpFun Token.
So, guys, I want to thank you all so much for doing that.
It does a number of things to help out the show, helps out the brand, brings us more
out into the algorithm, brings more people into the show.
And of course, I'd be super, super appreciative of that.
Only takes a couple of moments and it's effortless, like pressing the green button, right?
But with that being said, guys, my short-term thesis over the next couple of weeks here is that I think there's just going to be more buyers than sellers.
And when people press the green button, I guess the price goes up.
So that's really my big brain take on the markets.
What do you think, Donnie?
Do you think my megaforam thesis will come to pass?
Like, if people just
they're going to press the green button,
they're going to press buy, so I would
assume that that means that
the chart is going to go up and to the
right. Is that how this works, Donnie?
That's exactly how it works.
Exactly as predicted?
Yep. That's the playbook
right there, that's that's that that that
is the playbook man that is the playbook and trump put in that bottom two days ago where he said
well i guess the stock market is down because they just need tariffs it's it's basically that
that that's simple you wait for Trump to say something on the market,
and then the show goes on, man.
The show goes on.
Yeah, they've been leading this market to where it is right now.
And yeah, I think we're actually at a really pivotal point right now
in terms of the charts, pivotal in terms of a positive pivot point, I think.
Right now, though, for me me like with every other pivot point that we've had uh especially since the 74k lows but even prior to that
um the 49k wick low that we had all of these pivot points uh you really need to see what's ahead
because you need to understand literally what you were saying.
If there's more buyers than sellers, the market's going to go up.
So you need to understand what's going to make people want to bid these markets,
have some sort of forward-looking data,
some sort of fundamental research and analysis
on why the market should be pricing an upside.
And then the second most important part is nailing the technicals right on the you know
mid time frame high time frame but also on the extreme low time frames uh so you can kind of see
where the people who are moving these pivot points are directing the chart so i just shared uh in the
nest what i'm looking at i've been updating this potential bottom uh the entire way through even
you know before the drop happened. And when we got to
that very serious level at around 107, to where you can very quickly cascade down to 100k,
like we were talking about yesterday, they really push these charts to their extreme
market structure-wise. And you keep having false breaks of these key market structure levels,
really people do capitulate into the hands of these market makers and they just reverse it
right back up. So you need to be good at kind of seeing how they accumulate price at these lows.
You kind of get used to it after many years of watching these charts and seeing
sell pressure on these deviations of lows only to get smashed right back up by a market maker buy
and building the chart up in a way where they essentially reverse it.
So that's where we're at right now.
We're at another crucial pivot point around that 107.3.
I was actually laughing just now looking at the liquidation heat map. And man, that liquidity below at 106.7 is
so thick. But it's so weird for me right now, because the accumulation that we've had since
the 108.7 wick that we had to start basically this range formation that we've been in at the lows
from basically 113 to 107. All of the price action
in between that 108.7 and now is extremely accumulative. So even if we do take 106.7,
there's too much work has already been done here for them to let the chart go lower. As in,
in my view, they've filled a lot of buys at these lows as people have continuously capitulated at the bottom.
Even if they do go to 106.7 and they cascade price down there, I think it's just going to be for another buy fill. And the chart is basically destined to go higher. Obviously,
you've got a bunch of confluence with that that we discussed yesterday. You've got the gold overlay,
you've got the market actually pricing in rate cuts now, you've got stocks doing really well, IWM is looking insane on the weekly chart. I shared that in the NIST as well. So every reason
to go higher, even the BTC gold chart is looking almost historically, if you put it on like a log
scale and run some lines and stuff, almost historically as weak as it's ever looked
structurally on the chart, which means that some sort of catch up is imminent here.
So everything is kind of more skewed towards upside. And even the technical setup is showing
really strong signs of accumulation. I'm just honestly waiting for that key level to get
crossed. 114.9, you get above there convincingly with an impulse at any moment
that's the bottom like as close to 100 as a bottom can be you cross that level convincingly for me
it's done and a new all-time high follows so again we're still just waiting we're in between
114.9 and that liquidation level at 106.7 so you can't call it, but you can't call the low in just yet. But again, the cumulative
price behavior at these lows is just telling that it's in or close, right? And you can still chop
around here. I posted that PO3 setup, the local one, just to get it back into that blue box.
And it played out. And that level is actually holding on the chart right now. So if you get
above 111.1, convincingly,
you're probably headed straight to 114.9.
And again, that level just confirms
that the job is done down here by the market makers,
shaking out as many people as they need to shake out,
filling as many buys as they need to fill,
exhausting the sell pressure as much as possible.
So when they do reverse it,
you get that snowball effect of disbelief,
renewed optimism, FOMO, euphoria.
That's what actually fuels that parabola to get to a new all-time high is the mispositioning of people.
Just like how you saw the 74K lows, we had very evidently people essentially sidelined as Trump bamboozled the market with the playbook that they were running initially to detox the markets.
And then they started reversing it on live tv and so did the charts right so tons of a misposition to add to your point i think the most prime example of that recently was ethereum
from 1300 brother yeah that was about zero zero sell side pressure after what there was no more
sellers left in the market anyways i'll let you keep cooking yeah that that's a good example and it was obviously that was particularly bad because
ethereum had had uh you know weak price action this entire cycle and very clearly got uh kept
under 4k um this entire time and so when you see it nuke that heavily man the sentiment was just so
sour but people couldn't look past it again you that heavily, man, the sentiment was just so sour,
but people couldn't look past it.
Again, you need to just have like,
just even just a little bit of forward-looking data
and kind of like a thesis as to why it can reverse.
And, you know, we were talking about ETH,
about how the stablecoin narrative
is going to come to fruition eventually.
I don't know.
I was kind of just saying like,
BlackRock's not going to release a failed ETF product in the industry that they're clearly trying to pump.
Just doesn't make any sense. One market maker candle, one little use case slapped on top of
it, which we knew the use case. We knew the narrative. It was around stable coins. And there
you go. Now, ETH is all of a sudden going to flip Bitcoin, right? That's how quickly sentiment shifts
in crypto with a few green candles.
And yeah, it's the same with BTC right here.
Sentiment has been getting disgusting at these lows.
And people calling for cycle tops and stuff.
Again, at every single low, they call for a cycle top,
which is just the complete opposite.
But yeah, anyway, back to the point.
I lost my train of thought with where I was headed with that.
But get above 114.9.
You're going to build a strong case for the low.
And I think I shared yesterday.
I'll just share it again.
It was a pretty good.
Ah, here we go.
Just BTC over gold again for the thousandth time.
Again, give some deviation to all of the local price action and stuff.
But to me, as this is the most left curve way that you can take all of the analysis
that I'm basically doing on this, is if you clear 114.9, the market maker's job is finished.
You're going to go through disbelief, renewed optimism, FOMO, and euphoria.
And this overlay is yet to price in a much higher high
than the last high that we just had, right?
You can clearly see that on the overlay.
Gold had a similar sort of sharp sell-off and then sharp pump.
That was during the April tariff shenanigans.
So a very good reason to have a sharp sell-off,
but also a very good reason to pump right after
as gold is kind of hedge against uncertainty. And also it's kind of inversely correlated to the dollar and things
like that. And obviously the dollar was nuking at the time. So you had a super sharp rally, but
we've got a similar situation right now. Global liquidity is at all-time highs. IWM is chatting,
SPX is chatting. Now the market's thinking it's 55% odds of 50 basis point cut.
We've already priced in about 18 days of downside.
And we're at that pivotal moment on the chart
where you're seeing a lot of accumulative price behavior.
So get above 14.9, I think you're going to price in that massive higher high.
And of course, it might not be just as sharp as gold had it
because think about this, right?
Gold was obviously pumping. There was the Chinese Central Bank, the PBOC was market buying gold and things
like that. But also, the DXY was dropping heavily at the time, which skews the USD charts by a
significant margin. So you had kind of two tailwinds behind gold to have such a sharp rally upwards.
We had kind of two tailwinds behind gold to have such a sharp rally upwards.
So I think maybe by FOMC, we could be above that local high, let's say, or near it, 124k.
Maybe a slight pullback into that FOMC and then put in that second leg that you can kind of see is shown on this fractal, right?
You can see that you push past that 124k high.
Just a little bit of a pullback is probably going to be more exaggerated,
maybe a retest of that high and then a much higher high
towards my targets of 138 to 182.
And then we'll see if we form a range there
or if BTC just goes ballistic, who knows.
But yeah, I think that's where we're at.
So 114.9, bookmark that level on your chart.
Because honestly, for me,
you get above that convincingly, it's just done.
And obviously we've got ETH BTC in the right direction, Bitcoin dominance in the right
direction, Sol BTC in the right direction, others BTC, right? Excluding the top 10 in
the right direction. I even think as soon as Jerome opens his mouth, the dollar is going
to nuke and gold is going to continue rallying. So we'll see if that does happen. You guys
already know the thesis around that. Gold puts in a second wave. We're yet to fulfill the first wave.
And then obviously going to fulfill the second wave as well, but potentially even experience
some rotations out of a massively inflated gold into BTC,
which we haven't had yet. And of course, something that's 10 times larger in size
with a similar sort of narrative is going to
massively explode from that, basically.
So we even got a glimpse of that during the election rally last year.
Gold corrected like 9% and stayed in a range for a while.
And that led to a 60% rally in Bitcoin.
So lots of tailwinds for BTC over the next like eight months at least.
And we're just kind of at this last phase of confirming all of that.
So it's not confirmed yet, but it seems like the odds are skewed towards confirming all of the positive stuff.
And then we have a really good year and hitting into 2026 should be pretty good.
Donnie, bro, you know, I've been talking about pump for the last week and a half or so, man, on the show.
So we look at Pump Token, right?
And we go back a couple of months and we look at other products that are similar to Pump Fund.
They have an ecosystem and they have a team that is actively buying back their token and basically doing a supply shock, right?
You look at pump tokens, not only does it have the fundamentals of a hype,
but the chart structure is doing the same exact thing that Pengu did,
but on a faster scale.
And whenever we have a token in majors starting to outperform, it usually gives you
some signal on the broader altcoin market. We saw that with Farcoin earlier in the year. We saw that
with SPX. We saw that with Pengu. We saw that with Hype. And now the first one out the gate
is Pump, which is, in my opinion, probably the biggest growth story in the entire cycle and
quite honestly without pump fun there would be no on chain you would still be buying like
only two or three altcoins that the market actively wants to bid with a select few random
vc projects right and if you like take a take a look um at when pump fund launched in march i'm pretty
sure it was in march when pump fund launched after that the risk appetite for most all coins if it
if they weren't on chain went to a grinding halt man how does pump look uh to you donnie now that
it cleared those august highs man yeah it looks good i was just checking
out on the low time frames you basically had extremely clear accumulation uh in the first
set of lows that you had around 800 million to 1.1 billion um very very obvious accumulation
there you came up for a little bit still too much cell pressure so it came back down but you had
another reaccumulation around the same spot for a higher low and now you're just trying to break out so if you do get
cleanly above uh the last local high which was around 1.5 billion which is that right now if you
get a convincing break above there it should just go back to the all-time high and that's going to
be insane man on-chain euphoria like never seen before um And with ETH BTC, man, we might be in a situation where, like,
perhaps it ranges for a bit, like it did from mid-May to mid-June.
And at that time, during that time, perhaps Soul ETH puts in a massive move.
And if we just look at the move that ETH BTC had from my pinned tweet,
which I still have up, by the way, guys,
ETH BTC in just over a month did 100% move, man.
And it wouldn't be out of the question for ETH BTC to relax here a bit
because the last time it pulled off a huge move like this was off of those initial lows,
where within three days, I think ETH BTC marked up by almost 70%.
From late April to mid-May, ETH BTC rallied like 75%,
and then hung out there for a bit, if you remember that, Donnie.
Yeah, I remember. and then hung out there for a bit if you remember that donny yeah yeah i remember i think it's pretty
the odds are odds are that you get a higher low being priced in on eath btc right now which you
do have the weekly market structure for it right now you've got two weeks in a row of a pullback
on eath btc so that market structure is already there so you don't know how low it's going to go
it could very well already the low could be in who knows knows? But it just makes sense to me if BTC is about to put in a 138 to 182 rally, that Bitcoin dominance takes a little
bit of liquidity, just a little bit, just for maybe a retest of like 60% or somewhere around there.
Maybe until it only breaks the high of 130-ish or 125-ish. And then because that level or getting
to a new all-time high is going to make people FOMO, essentially, people might be willing to jump back into more risk.
And then you could see a lower high being put in on Bitcoin dominance.
And then ETHBTC starts to take more control.
And obviously, try and chip away at that 0.45 to 0.57 resistance resistance on the ethbts chart which i think if you clear 0.58
honestly you probably go straight to 0.09 which is higher than the 2021 highs
which could happen all before january yeah 0.22 is as low as you go on ethbts pair i just want to
put that out there for everybody in this space. Like if you do get a pullback
and you see Bitcoin dominance take over here
0.22
is way too low. There's no chance of
going back there. 0.22
on the ETH BTC pair?
Yeah, that's way too low. You'll never go down there
again.
Like
6% lower?
Maybe we have different charts. Maybe i'm just using a different chart
than you but i mean locally speaking like six percent down from here uh right right
is isn't if btc at like 0.039 yeah yeah i'm just using a different chart um
yeah but i mean locally speaking it's just like maybe a six percent drop
um you come into like that high time frame demand region that order block that should be it um you
see ethereum taking over you look at all coin structures i want to touch on something you had
mentioned donnie in regards to to the broader kind of picture,
right? And more specifically with rate cuts. And it's not something that I see a lot of people
talking about, but one asset class in particular, that's arguably one of the most important asset
classes in all of markets is real estate. And when you start to lower rates,
that frees up a whole lot of liquidity, right? And when you have a thriving housing sector,
in particular, typically what occurs is markets do well alongside of that. So easing conditions, right? If you allow people to
have lower monthly mortgages, you know, better access to, you know, the real estate market,
you're talking about less liquidity that essentially needs to go to banks, which then in turn is stimulative to the economy,
the underlying economy, because people are spending, right? They're, you know, going out
for food, they're investing more, yada, yada, yada. It's the trickle down effect. And it opens
up a whole slew of doors that I don't think a lot of people realize is what is going to happen
when you start to see these rate cuts. And if you look at altcoin structures,
I'm very much in a similar camp where the bottom is forming right now. I've been talking about it
on the discord calls pretty actively over the past few weeks. And if you look at altcoin structures,
more specifically, the blue chips throughout this cycle, you look at kind of where they're at,
right? They're either forming accumulation models, they're at high timeframe market maker
demand regions, or and they're also in high timeframe, bullish market structures from the
lows most recently set back in April. And if you look at Solana, Solana looking to break this 200 to 210
level, where does it go next? 240, the on-chain multi-effect that occurs there, Coinbase stepping
in with their new, essentially, right?
And so the ease at which now this free liquidity, we'll call it, that is flowing in the market
can now have access to these different investment vehicles really shapes, is shaping up differently from what we've seen this
cycle, where it's not been this necessarily super liquid, very, you know, ease of access to capital,
however you want to view it kind of market, you know, and structures have kind of printed that
for the most part. And you've seen concentrated sectors regardless, you know, and
across the timeline, like you said, people are calling for cycle top, cycle top, cycle top.
Everybody's so, you know, for whatever reason, I don't know if it's for ego, for like trying to get fame to try to get the screenshot, whatever it is to call
cycle top.
And if you look at it from a contextual standpoint, where we're currently at and where we're
lining up, things are, in my opinion, just getting started.
And also the fundamental understanding of what crypto is outside of
the current market participant, you know, from not just the current market participants,
but from a broader audience. You know, you guys talk about Pump Fund. We talk about Bonk.
We talk about Bonk. You know, now we talk about Base. It's all, you know, becoming expansive,
right? We're in an expansionary mode right now. And I think
that's something that's, you know, not talked about. We talked about BlackRock introducing
an ETF and they don't want it to fail. And again, been talking about this with the discord is that
the institutions want to make you believe that they don't care about shitcoins. They want to
make you believe that they aren't going to launch these ETF products and these investment vehicles.
And why is that? If you look back, Jamie Dimon, two weeks before the BTC ETF went live,
he was live on CNBC and stated that that they would never that he would never invest in
Bitcoin. And it's a terrible asset class to own. And then four weeks after the ETFs went live,
they then become interested in it because they want they don't want you to invest outside of
their products because that's how they make money. They make basis points off of you investing in their products. And because of that, if they see that they can
make money somewhere, they're going to do it. And the funny thing is a lot of BTC Max, these people
that I don't necessarily view the broader picture. If you were to go and look at a list of ETFs
that have been approved, right? And that have already launched and you look at them,
you would clearly see that what they launched is nothing more than a shitcoin wrapper for TradFi. And so why is it not plausible that
they won't launch a shitcoin ETF? And so then you think, okay, what is likely going to be
potentially the next on the list? We talk Doge, we talk XRP, we talk Chainlink, you know, Cardano,
the list goes on and on and on, whether or not you don't like or don't like those tickers.
That's just a fact that they find a way to make
money and they notice that they can, they're going to take advantage of it, but they're slow moving.
They have to jump through the hoops, the regulatory processes that, you know, BlackRock
and Larry Finkelstein, like Wabi likes to call it, they want to be first to the table, right?
They want to get their share and their filling before anybody else does and they make sure of it.
They want to get their share and their filling before anybody else does and they make sure of it.
So it's really, again, the question of it's a matter of when, not if.
So just some stuff that I wanted to add to the conversation there.
Wouldn't they also be looking for revenue generating products?
Hyperliquid makes more money than most o1s and pump fund right now makes about
50 of that and pump is valued at like 85 less of the valuation than hype like i i personally think
hyper liquid like its first huge leg up is already complete from two bucks to uh to 51
pump is just getting started they haven't even done their airdrop that would be crazy if like
tradfi actually does does actually release a product that correlates directly to the biggest
on-chain growth story this entire cycle but it would also mark a huge top in my opinion man like if you see
an etf that's outside of the top 10 then yeah i would call for like a massive drawdown similar to
q1 but xrp is probably next man just because like so many boomers ask about it all the time
like it's always xrp this xrp that and it's like geez bro it's been it's been
like eight years dude and it's it's it's had one huge rally no two huge rallies excuse me
it had a huge rally uh in late q1 to early q2 of 2021 and then that rally that lasted like a week, two weeks in Q4 of last year, I'm talking the majority of the rally, right?
Happened within the span of like a week or two.
Same thing with XLM and all that stuff.
But there's probably still going to be clear demand for that stuff, man.
But as far as like a growth story, man, I just don't really see a bigger product market fit for growth outside of pump and outside of Hyperliquid.
You know a crazy stat, Wobby? Hyperliquid did more volume last month than Robinhood.
Yeah, and you know what's even crazier? You're gonna have to excuse me i'm eating some strawberries
i actually have to go train in like 20 minutes so i'm eating some strawberries
if you guys mix strawberries with skier okay um it's called ciggy's mixed berries and acai
you mix that with some strawberries and you put in some honey, you'll feel insane.
You'll feel incredibly strong.
You'll feel like you're living life on 10x leverage, which is very similar to NZT from Limitless.
Natural food, God made foods.
but I think PumpFun over the last two days or so actually surpassed Hyperliquid in,
I think it was like volume usage, something like that.
I think DGEN News posted about it.
And again, man, if you just think startups in general, it doesn't even have to be about crypto.
It could just be just startups in general, growth stores, growth companies.
Dude, you would think that Hyperliquid and Pump were born during the Kiwi and Zerp era.
So what happens after quantitative tightening ends?
What happens to these companies?
What happens to these founders which could leverage
their assets and mind you alon and his team from pump fund they have they have like a billion plus
worth of soul so what happens when they're able to borrow against that soul at a cheaper rate
right or perhaps perhaps uh perhaps take out a business loan because they also do have a war chest of stables, right, from all the money that they raised.
And it's the same exact thing that happened last cycle. interest rate policies you had exchanges and some of these other crypto companies like celsius and
blockfi uh essentially borrow money at effectively zero percent cost basis and they bought everyone
shit coins and i mean if you look at what alon is doing with the glass full foundation on pump
and you look at what hyperliquid is back their own token, just imagine that, but like a hundred X.
So history doesn't repeat itself, but it often rhymes is, uh, is, is, um,
is my take.
But if you just take away the name hyper liquid and pump fund and you just
take pure data, pure stats to a guy in tradify that manages the funds strictly
on growth, why wouldn't they buy pump? Why wouldn't they buy Hype?
Why wouldn't they? Why would they buy an L1 token,
like an AVAX or like a Nier?
Man, I really don't want to dog other tickers,
but, like, dude, there are L1s and there are L2s that, like,
dude, their monthly revenue over the last quarter has been like 200
bucks that's insane like it's it's incredible a lot of these projects the runway that they use
is to give out grants for people to tweet about them that that's that that's this whole term
called web3 like it's not web3 man you just raise a ton of money during kiwi and zerp
you've got something in your war chest and
with your remaining war chest you just want to pay some shillers and game is game, bro, but
like these trap five people they they look to make money on fees and
Some of them actually look for fundamentals.
You guys remember during this show, back in May, I was talking about Hyperliquid every single day,
and there was an analyst that went on Bloomberg when Hyperliquid was $15,
and I'm pretty sure he was connected to Novogratz in a way. And he red-pilled Wall Street on Hyperliquid at $15.
And, I mean, we all know what happened to Hype after that, right?
The 200% plus rally.
And, yeah, that's what I have to say about that, man.
Donnie, Prometheus, is there anything else that you guys want to say?
Feel free to do so.
Otherwise, man, I think today was a great stream. Unless you guys want to touch on anything else that you guys want to say feel free to do so otherwise man i think i think
today was a great stream unless you guys want to touch on anything else and if the audience if you
guys want to come up uh talk your book talk markets feel free to do so i'll open it up for another like
five to ten minutes here yeah i was just going to touch on like the fed funds thing because
there's a big difference between the Fed funds rate and the housing market, right?
Lowering the Fed funds rate basically helps short-term borrowing costs.
So three-month bills, two-year notes, things like that, right?
And where the housing market is really on long-duration bonds, right?
So this is why there's like a
uncertainty around even the Fed cuts
themselves. People are thinking the market's going to nuke on
the Fed cuts because essentially
they're thinking if the Fed cuts rates,
the 10-year yield and up is going to blow
out because
basically, you know, if the
Fed is lowering their
funds rate, it can kind of signal that there's inflation risks,
which they have already noted as well.
So the investors who are buying these bonds,
they're essentially going to ask for more yields
to hold these long duration bonds
in a highly inflationary environment,
which is why we have the supply and demand imbalance
in the first place,
which ultimately just leads to some form of yield curve control.
So even Scott Bessent recently, he was talking about how he was kind of policy signaling to the market that the housing market is under stress, right?
They always have to prepare people for kind of the next move that they're about to do, essentially.
So I think they're trying to set up some form of yield curve control. We know that there's many ways in which they can
tap into liquidity, either through the Treasury or the Fed. I remember Donald Trump, I think they've
only made one post about this, talking about pushing Fannie Mae and Freddie Mac public to
basically help with the mortgage-backed securities market. So if they push them public, they can lever their equity by 33x.
And they got $150 billion in equity,
which equates to like $4 to $5 trillion,
that they can help with mortgage-backed securities, essentially.
And that's directly going to help ease the housing market.
So lowering the Fed funds rate, it doesn't actually help.
It can actually negatively impact the housing market,
which is why people are so kind of uncertain about this environment. But ultimately, that's
just going to lead to some form of QE to help contain those yields or even bring them lower.
And yeah, they were even worried at the Jackson Hole meeting when Jerome Powell was speaking
that if he did mention or if he was dovish that the 10-year yield was going to spike
hard but obviously the 10-year yield has been going down from there so we don't know how the
market's going to react to these cuts in terms of the long duration bond market but yeah if
they do cut fed funds rate and these do start going up then yeah you're gonna have to expect
some form of qe to help contain that market and uh yeah basically you know help contain
those yields if they do rise but we'll see i i don't know i don't know uh if that will happen
or not well i guess we'll have to see at this fomc um but yeah there's just a big difference from
lowering the feds fund a fed funds rate and how that basically helps uh long duration. So we'll see.
Well, guys, I'm going to go ahead and wrap it up here.
I'm going to wrap up today's stream.
We'll be back tomorrow at the same exact time.
I want to thank Donnie.
I want to thank Prometheus for joining me up here.
But in case you guys have recently come into the room
and this is your first
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and also trad fi so thank you all so much god bless you all and shout out to my lord and savior
jesus christ for allowing me another day of health to talk markets with you all i'll see you all on
the next one so donnie prometheus thank you thank you thank you once again for joining me and thank
you to every single one of you that are tuning in to
Market Talk. During this time slot
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God bless each and every single one of you.
So take care, everyone.
I'll see you tomorrow.
Bye-bye.
Bye-bye. I'm sorry. Thank you. The Thank you. .
