I hear the train a-comin', it's rollin' round the bend,
and I ain't seen the sunshine since I don't know when
I'm stuck in Folsom prison, and time keeps dragging on.
But that train keeps a rolling, on down to San Antonio.
When I was just a baby, my mama told me, son, always be a good good boy Don't ever play with guns
When I hear that whistle blowin'
I hang my head and cry Hey.
Suey! I bet there's rich folks
eating from a fancy dining
car. They're probably drinking
But those people keep a moving
and that's what sorters me
Adieu! Well, if they freed me from this prison, if that railroad train was mine, I bet I'd move, that's where I want to stay.
And I'd let that lonesome whistle
everyone. GM. Let me shut, all right. GM, GM, everyone.
Let me shut that shit off.
Why does everything just keep on fucking playing?
Everybody get your asses up here.
GM, live on X, live on Abstract as normal.
listen. Morning, morning.
Yeah, just trying to get going here.
Kenny should be coming up momentarily.
song, so. It was only two minutes
and, what, like 20 seconds
long, so I couldn't even get
bookmarks up and anything else i probably missed shit added the wrong shit um
it'll be all right except for the fall of creator coins anyway so yeah exactly as we cover that
yeah one day in and uh we're done so um I don't think we're cooked. Everybody else said a couple of
people think we're cooked, but I don't, I don't think it's over yet. I don't think it's over yet,
but I do think it's fair to take notice of the point that was being made yesterday, which is
that, you know, the attention, the, you know, the juice that makes the space flow,
that makes liquidity flow. It's, you know, it's hard to,
it's hard to keep it, you know, you can capture it momentarily,
but you know, it's hard to hold onto it for very long.
Yeah. I think the problem is, is Kenny on stage for you?
I sent him a co-host invite but he hasn't accepted it
yeah he's there i don't know why he's not coming off mute but he said he came off for me
yeah he says speaker he came he's coming he's off mute but he's not something's not a job in
there kenny powers activity issues yeah um the thing for me is that you need consistency
and it's like when these streams stop or they're not interesting.
Do you think that the meta is going to last long enough for consistency to matter?
Or do you just mean like don't shut the stream off because like you mean consistency across a couple of days.
Consistency, just consistency.
Having content on your stream at all times that's where
i think you get paid having something there for people to watch people to come in the views are
higher maybe you're kicked up higher on the stream on the pump board i i don't know how they're
they're filtering that uh maybe it's market cap that puts your stream up higher i don't know um the volume whatever
but if somebody's there consistently you know talking making content doing whatever
yeah it could end up being you know a more beneficial coin but we're definitely seeing a
a massive drop uh in a lot of these market caps this morning but what about like i don't know man
like it seems like the trenches for a while have indicated that people want to get into the fresh
thing right people want to buy the sub fucking 100k market cap coin ride it to a couple hundred
k maybe a mil plus and then they want to rotate to the next thing and i don't know why content coins
or creator coins would be any different right like people want the gains as far as the trading
side goes i get why people are launching them as as the creators but like how do you keep the
volume on your coin you know once you hit a certain market cap like do people want to go
get into something with a lower market cap and ride it up on the trader side uh yeah yeah if the coin doesn't have a lot of consistent volume kenny what is up with your
fucking microphone bro yo is it working out it is yeah all right yeah now let me invite you to
ghost i think i was um i think i was on 5g and when i noticed i switched over to wireless or uh wi-fi and whenever it seems
like whenever i do that for some reason like disconnects from the space or whatever yeah
yeah i think that's what the problem was all righty well we're glad you're here what do you
make of uh what do you make because we we're not going to, yesterday, almost the whole space was either fucking Pete's
drive through Michigan or
talking about creator coins.
And we're not going to do that.
That wasn't just this space. Every space I went to
all day yesterday, the entire
conversation for hours at a time was
I had a big fucking weekend.
But yeah, to your point, Kyle, I think, you know, like
as a trader, right. You're not trying to bag hold a lot of these coins. You're just trying to
make money on the upside of a new fresh coin. Right. So like if you go look at KOL wallets
who actively trade, you know, they're in and out of these coins you know 20 30 minutes they try and
get in you know relative sub 100 100k sub 200k write it up to a mil two mil and then they sell
like you know if you track wallets you can see how they're they're basically trading these coins
so it's like you know and from the creator standpoint you make a bunch of money on day one
day two that money is no longer coming in like it was for day one.
So by day three, day four, what's the motivation if you're barely pulling any fees in at that point?
So like sustainability, longevity of individual creator tokens, I don't know.
I think there's always going to be somebody new coming in right now just because it's, you know, people are making money as a creator.
coming in right now just because it's you know people are making money as a creator i think
you're going to see people creating multiple coins trying to re relive that initial 24 hours
of the previous coin they were in and they'll just rug a coin and pop up another one you know
and do something else i think you know we were talking about earlier the virality of the you
know clips and stuff is what kind of drives the price of these coins.
So I think people are going to start doing crazier and crazier shit,
and it could get a little weird.
Like the guy who was burying himself in the backyard of his house a couple days ago.
As the market cap went up, he buried himself further into the ground.
So yeah, I just think it could get weird.
And by the way, the other thing is like, as much as the trenchers have always wanted to get into the lower market cap stuff and ride it up, like at least before, you know, there was reason to believe that, you know, the dev might dump it all over you.
Now the dev is incentivized to
suppress the price of the coin
because of the creator fees.
not even a shot in hell that this coin
I don't know, i just the whole thing
smelled like yeah but the good to me the good thing about these these guys they're i mean
seeing a fuck ton of market caps that are still within 900 to 1.5 mil so these guys are making
like the highest level of fees right now so even if their market cap stays around that
like who the fuck wants it to go higher as
long as there's some volume on their coin yeah no you know what i miss good awesome funny memes
that's what i miss to your point of like they're not gonna run their tokens so i put a tweet out
this morning because a couple days ago i saw big uh bit lord like he
um i put out a post about pump and it stuck in my head because he was like pump is basically
back to where it launched there's no reason to get excited yet 10x from here when we uh
is where we start to see the real market growth you know so he was like bullish on pump right
and then earlier this morning he puts out a tweet and it says pump fun is 100
a scam honestly this site is cooked i just got rugged by disabled uh dev said he had 120 hours
to live and fees went to his family claimed he didn't know what a rug was then he full clipped
us and went offline so by the way let's, I mean, if you're dumb enough to buy these coins like you should say dumb enough because people are, you know, people are deliberately taking a giant risk for disproportionate returns. And I get that. This is crypto. I totally get that. But, you know, none of this means pump fun is a rug pump fun is a platform just most of these coins are rugs by the way this is kind of funny bunny just tweeted 12 minutes ago he's got a screenshot from a from one of these
streams it says there's currently 200 people watching two dudes pretend to be lamps on pump
fun and they are both just standing on the nightstands next to the bed with lampshades
over their heads i saw that earlier literal lamp shades on their head and they're both standing opposite sides of the bed like where where you're like what the fuck bro that's what's what's the
name of the coin lamp yeah lamb i caught that on the timeline oh my god you can't there's no search
from the streams like when you're in the live streams you can't search you can't search the fucking you
can't search other streams which is dumb yeah look at these two idiots what's up with the dude
sleeping in the bed he's supposed to be running on a treadmill and the motherfucker gave up and
not not only did he give up it wasn't even a couple hours and then in the motherfucker crashed out
because he was out of shape he was on a treadmill probably did it for a couple hours was like oh my
god i haven't moved that much in like five years a couple hours my ass would have lasted about
three minutes and i would have just been done uh these guys have generated 34.01 soul and fees,
they were pretty wild running around.
I don't know what city in Australia they were in,
but they were running around in Speedos all throughout the mall.
They went inside the mall, bought a bullhorn.
They purchased a bullhorn, then ran back out in the streets.
They were dancing with motherfuckers out in the street.
There was some street performer out there playing some
instrument and um yeah pretty wild but once the stream went down you know obviously the coin went
down how long are these two assholes gonna stand right here as lamps um i don't know but the coin
is sending i mean it's easier than running on a treadmill you know definitely easier and these
guys look like they're in a little bit better shape so uh you know it's definitely definitely
easier the coin is sending you said well i mean it it wicked up to 600k that's on the 15 minute
let me at least go to five minute i mean it's at 399 k's i mean yeah you got no business looking at
pump fun shitters on a 15 minute handle chart yeah i just that's what it automatically sets
you but for them that's good because that's they're in the sweet spot of making the most
fees what 0.95 percent of all transactions within that like million dollar range so yeah it's a good spot
to be in for them yeah pretty pretty fucking crazy uh yes did johnny you came right on stage
through your hand up what's up oh gmgm how are you doing bro um i have a friend who works in a
zoo as someone who who is feeding uh lions and. And I talked to him, I called him,
he should definitely make a PompFund stream because he works in a zoo. So maybe I onboard
him to PompFund. Yeah, maybe. Tell him you'll be your manager and you'll be the manager and
you get a 50% cut. Oh, that would be awesome.
Or why don't you just create your own stream, Dijani?
Yeah, I was thinking going into the zoo, set up a new wallet with my Solana phone and use it just to set up a stream and stream from the zoo.
Do you think that would be interesting uh i don't know you'd
probably get you might get kicked out of this and then your buddy might lose his job no why
because of streaming animals maybe you didn't get the animals permission to stream like how do you
know that bear wants to be on stream do it it to Johnny. You could set the world record of, like, hosting live pump phones from the Solana Secret.
I guarantee you make a lot of money if you jump into one of the fucking enclosures.
Something has to be done.
Either I go on a mountain or I go to the zoo. You go on a mountain zoo are you gonna live stream like climbing mount
everest no but are you talking about driving up to the top of the mountain we are getting out
no we are in the alps it is like uh 5 000 meters uh high well 4 000 meters high so Well, 4,000 meters high. So, yeah. I could
definitely imagine it. Or something
else, something crazy. I mean, if you
so nobody knows that it's
Well, there you go, Dijani.
Yeah, come up with an idea uh you never know it
might might work um moon high what's up bro gm yo what's up guys gm gm um you know as somebody that
really doesn't really understand the creator coin i think you know whatever but i was thinking about
i was talking to my buddy who's you know the bar manager at the bar i work at, I was talking to my buddy who's, you know, the bar manager at the bar I work at.
And I was talking to him about it.
I was like, you know what, maybe we should set up a stream of us just bartending.
It's us at work and we're just bartending.
And I think that might do pretty well.
But are we talking bartending like flipping cups, setting things on fire, fighting?
No, we don't do gay shit like that. Oh, I'm not gonna go for
Yeah, you're not and then you run the risk of getting someone else on camera right that's them suing you and that would be
Streaming and then other people on the street without
Their consent would they would that be an issue?
I doubted in a bar. I think it would be I mean that look nowadays
It's not and honestly the bar I work at were very very conservative and nobody gives a fuck
But when you start making thousands of dollars
Nobody will see now you're now you, now you're reaching some levels of, you know, I don't know.
Do you feel that in the air?
Do you feel that in the air?
How much money is in the air?
I found Dijani on the stream.
This is Dijani right now, if you're watching the live stream.
Yeah, I'm the guy on the treadmill the fat guy but i'm a little taller
no there's a chick sitting here with like some scream ass mask with blood on her face
oh and her tits hanging out like did you guys buy out uh trebek mouse trebek alex uh becker's
alex becker no no i didn't touch it kenny i don't think you did did you what the becker coin did you buy that
i got in and out real quick on the dip i mean it's doing well now i mean and then it had just
like this exit liquidity pump where i got out i think i made like not even 20 of my trade but
yeah i put i think like uh i initially started with two and a half sold through one more.
I was in a three and a half sold,
and I think I sold for right around four.
But yeah, it was, I was trying to.
It's better trading than some folks did here through the course of all of this.
Well, dude, if you didn't buy within the first like four or five minutes,
and it shot up to 10, 12 mil maybe 13 like within those first
few minutes like if you bought after that you're down you know so it wasn't close to all-time high
real quick i had someone talking to me a second ago did someone did you say something about you
run the risk of getting sued by someone if you get them on camera what was that uh yeah moon
high was talking about being in a bar but then flex dme and said doesn't every bar have security
cameras that people are always being recorded on while the bar makes money yeah that's not that
sounds silly live streaming i didn't realize the context was in a bar the bar is a private
institute right it's privately owned but you can you could be in public for sure streaming,
and nobody can do anything if they're in public.
You can record and stream anything.
Well, Dajani said he's going to go to the zoo and stream.
I mean, a bear, a lion, a tiger, he wouldn't sue me for sure.
Again, that's probably privately owned.
And those animals are probably privately owned.
I don't know. It depends on who owns the zoo.
If the city owns the zoo, it's public property.
It's one of the biggest zoos in Europe.
Also, you're in Europe, right?
There could be totally different laws there.
I'm talking about America.
But also, you're thinking that these people are going to know what pump fun is.
They're a bunch of hillbilly country boys.
They're not going to know nothing.
And for two, it's like, what are they going to do?
The Europeans that own the zoo that Dijani's talking about are hillbilly country pumpkins?
Anybody can film out in a public street.
They can film inside of a store.
You can't do anything about that
because you're in a public property.
So, like, there's no laws against filming in a public area.
Well, again, it depends on if you're on the sidewalk.
There's a difference between being on the sidewalk in a public space that's owned by the public versus a private business.
So if I walk into a Walmart or something and they want to have me trespassed or whatever, that's totally within the bounds of legality.
But they can't kick me off the sidewalk in front of the Walmart.
I just got another DM says these guys are idiots.
Every ticket has terms on it that would prohibit
I'm doing a stream where I cut off
who wants to see me shove a shampoo
What's the price tag on that?
Because I mean, i'm not gonna watch
but just to know that it happened would be pretty funny what's the market cap goal is to shove a
bottle up your ass bro that's yeah uh he said that i got another dm stores would boot you if
they wanted to but would probs welcome the free market and if it wasn't a degenerate take. So there you go.
Yeah, YG, I say you start that stream up,
and every 100K, you do something else to your body.
To be honest, I think most stores would kick you out frequently
I think most people would kick you out.
Most store owners or managers would kick you out
pretty immediately because of how many fucking
stupid pranks get filmed for streams
already. If you're walking around in a store
with a camera, somebody's going to probably notice
and take issue with that pretty quickly.
prohibited soon, I'm sure.
Really, I start putting my hand up when I want to
talk on this space so I don't interrupt Dijani. You should. Yeah, maybe so. Maybe so. Sorry, I'm sure. You know, really, I start putting my hand up when I want to talk on this space so I don't
We're done with creator coins.
What if I go from restaurant to restaurant and try to eat something?
Like, I'm going first to McDonald's, then Burger King, then the Indian.
He's going to be a food blogger.
Dingo. I don't think it's been done on pom-p though johnny i just want to go around and eat like uh try go around and try all the cheese shops
go to all the cheese shops but then you have to dox yourself you can't go to a restaurant
but nobody will know that that that's me i mean
listen to your voice we're all gonna know it's you yeah just don't speak yeah you don't have
a very distinct voice at all yeah you yeah johnny johnny let me let me hear your american accent
johnny's gum smacking while he's just eating something and I'd still know it was him. I know.
Dijani, let me hear your American accent real quick.
I don't know American accent.
Well, give me a different accent.
Let's try to get Dijani canceled.
Sir, this cheese is very good.
Sir, can you give me a portion more?
That's your Asian accent?
We're done with creator coins.
Kenny, yesterday, OpenSea dropped several things,
one amongst the treasures that showed all of your activity
from the previous, what, last three months, I guess,
is what you would say and you
ended up either with a tier one all the way through fucking maxed out at tier 12 yeah um i
seen a few people that were the yeah that were at the 0.1 so which is pretty fucking wild uh that's
that's a that's a lot of...
I don't know exactly how much money it would have taken to get to that point.
I did see Gorilla's post, though.
This new chest that we have, that he spent $100K in volume
and was able to level it up to the max chest that he could get.
So I did a few swaps, and I did the two voyages yesterday,
and that moved me up to 18% into the iron chest.
My only concern with this is the bots, right?
Because initially they tried to deter bot activity, bot volume, and they said, you know, we're taking a hard stance on
this. And remember they changed the rules at the beginning because people were saying, oh shit,
it's just going to be like blur 2.0, right? And you're going to have all these people just
watch trading just a stack volume to get a higher airdrop. And so that's my only concern with this,
And so that's my only concern with this, that if it's based mostly on volume, because you do two voyages that took you from the wooden box to the iron.
But if somebody's already maxed out because they did 100K in trading volume, all the bots are going to partake in that and just fucking sit there.
And I mean, look at some of these collections popping out four or five, six,000, 6,000, you know, sales in the past 24 hours.
These are all bots just watch trading back and forth.
So that would be my only concern about how authentic the volume is in comparison to, like, real people buying and trading in opposed to, like, bots.
Yeah, his tweet said, I've unlocked the the chest did over 100k in volume to get
here wouldn't rush it still 29 days left i only took trades i wanted to make um because he kind
of broke through it on another tweet uh he said each chest three stars uh so there's technically
36 tiers to hit um oh so this campaign this current one we're on, lasts for a month?
Yeah, look at it right here to the right.
Okay, so then you could potentially reach max by just doing the voyages is my question.
No, he reached it with 100K in trading volume is where he reached it there's
no way you're gonna do 100k in trading volume um by just doing the the quest i mean we don't know
no listen bro wait a minute wait a minute we do know that uh let's ask this kyle what did you get
yesterday when you bought that NFT, that vessel?
What did yours get up to?
I did that vessel specifically because it took care of both voyages at the same time.
That took me from, you know, base zero the whole way up to the iron chest.
So it cleared the wooden chest.
I'm still one star on the iron chest.
It was the same thing for me. All I'm saying is we don the iron chest. Exactly. It was the same thing for me.
All I'm saying is we don't have any way to...
I don't know how to draw a ratio between how much XP I'm getting for doing a voyage
versus how much XP or whatever is X amount of volume worth.
We don't know how far you'll make it just by doing all
the voyages. We don't even know how many voyages they will do, what the frequency of them will be,
you know, like, I don't know how far we'll make it just doing that. Exactly. And you,
and you can't base it off that rug. I know where you're going. No, no, no. I'm not basing off that.
I'm just trying to get in a pool, right. Of, uh, of participants already. so like when i did that voyage the other day it only gave it
kicked me up into hold on one sec when i completed them so i went from the wooden chest to the iron
chest but i'm only five percent in the iron chest once i uh did the other voyage no no i i bought a
couple things on open sea right and that was it. What did you get, Kyle, after that? Are you 5%?
Well, I'm currently at 10%,
which is strange that you're only at 5%.
Yeah, I wonder if that's not because
the whatever the fuck I bought,
I think that was actually
than the thing that you bought.
I think the thing you bought
was like the $10 minimum.
Well, it's 10 right on the money.
And mine was probably like 20 or 30 bucks, right? That was the NFT I traded. It was $10 right on the money. So I'm at $14. And mine was probably like $20 or $30, right?
That was the NFT I traded.
So yeah, maybe that picked me up an extra 5%.
I'm at $14 from doing two separate transactions.
Initially, I was going to do what you guys were telling me, just to buy one gaming on ETH.
But I said, well, if it is you know volume based
I'm going to do two separate collections
two separate transactions and that put me at
weighing the voyage and the volume
we're all at different percentages
Jesus has his coinbase wallet
so whatever Jesus bought some cheap ass shit as well bro but that shit kicked him up Coinbase wallet connected to his. So does Kenny. So do I. Oh, you do? So whatever.
Cheezus bought some cheap-ass shit as well, bro,
but that shit kicked him up.
Yeah, I'm at the iron chest at 18%. But the thing is,
this is going to be just like when you are on Abstract.
So this steel chest has probably got a fuck ton of XP
you got to reach before you can
move to the next one then when you get to the titanium chest that get harder to me that is
going to get harder and harder and harder as you go yeah yeah yeah each chest is going to take more
xp or whatever it's a complete exactly so yeah yeah so it's um yeah i don't maybe maybe the best
but my own so i was thinking maybe the best thing to do
is just sit there and watch trade stuff,
but my only concern is like,
are they going to do like a cleansing of that at some point?
And they're going to say, look, we've been paying attention.
We know what accounts are real transactions
and which ones are bought transactions.
And we're going to eliminate those from an airdrop.
I mean, I don't know, bro.
Volume is volume and they're still taking fees.
If you're just trading shit back and forth
trying to do volume, they're still
taking fees. You're paying into all
it that way, you're negating
the XP that you could be getting from doing
they've taken a hard stance against bots you know a lot
of bots don't spend the amount of money you need for this yeah they'll just trade five dollar nfts
back and forth and yeah some of these transactions are you know fifty dollar uh voyages so a lot of
times people are not going to get people aren't going to they're not going to set up bots with multiple wallets and have thousands of dollars in there just to give up
money and fees and all that shit that's true um most people that they will bro no most farms
that happen they do the minimal task and they they run bots and they run it on twitter and
shit like that but like doing doing farms like this i think would be
pretty difficult you said that the guy with 100k made it to the last uh treasury he made it yeah
he still has one right here where it says not earned yet oh and that it's a lot. Okay, so that means if you find a collection with zero fees and you just turn it one time around, it's 100k volume, right?
Well, nothing's going to have zero fees. There's still platform fees.
Yeah, there's still platform fees.
Yeah, you have to play the 1%, so that's 1k.
Let's say in a bad thing you paid 2000 and maybe your airdrop is $100,000.
I was going to say, make sure you guys are
minting also the shit that OpenSea
promotes on their page, like this
captain's hat. You guys should go mint some of those.
Yeah, that's what I did also.
Can you mint more than one of those
A different wallet. Yeah, but I definitely wouldn't pay any of for free? No. One per wallet.
But I definitely wouldn't fade any of these free.
You would have to have a completely new MetaMask
because you can't do another account
because it's going to read it
anyways because you're going to connect
You're going to connect all these accounts anyways.
Do people still think that owning a Genesis is going to factor in?
I've seen there's a lot of trading volume on them yesterday.
I did see that because that was one of the tasks.
And there was like several thousand.
There were several thousand trades on that yesterday.
And you can see it right now.
I mean, they're still at 0.02.
People still do think they're gonna have something to do with,
but OpenSea has always had the stance
that these were just a collection.
like not POAP because you can trade them,
but that these have no other future utility.
But there's still people that hold a fuck ton.
Yeah, Mooncat still owns 2,660 of them.
And that's one of the guys that actually tweeted yesterday
that he had reached the max level.
Like his treasure that he got for his previous activity was all,
it was maxed the fuck out.
So it's, yeah, it's going to be interesting to see where it goes.
If you're curious about what you have connected
to make sure your Coinbase and all that stuff is connected,
when you go to your profile profile you'll see underneath your name and you'll see like i have os2 closed beta tester then i have
coinbase one next to it as well kenny does yours have that for your coinbase say what say what one
more time go to your in it go to your. Yeah, yeah. And then underneath your name, it'll say joined, the account number, or whatever that is.
Mine says, big dick bastard.
So mine has my Coinbase one right there next to it.
So that lets me know my Coinbase.
I mean, on OpenSea is what I meant.
On OpenSea, go to your profile.
And then look underneath your name on the left side,
It should say Coinbase 1.
Because yesterday I was like,
how the fuck do I know if my coinbase is
connected and i'm getting a five percent boost and that's uh and then i seen that i was like okay
well i'm connected so yeah i got it um but yeah and then on top of that they also did the link
wallets yesterday i don't know if everybody went and did that. Even though you've connected your abstract wallet
and you've connected other wallets to OpenSea,
and you actually have to sign a few other transactions
I mean, it disconnected all of mine anyway.
I had to connect them all again anyway.
So, and you can put, you can do everything there.
When you do the link. Um,
it, it allows you to go through, uh, so I have my abstract, my Coinbase, obviously MetaMask.
I have a trust wallet link there. Um, and then through it, it allows you to connect your phantom
wallet. Uh, but then through through wallet connect it will actually give you
uh zyron core rabbi and soul fair uh soul flare so um you have more options as far as that goes
but make sure you get all those connected because that's what i remember adam saying in that space
was that while this wallet connect is coming pretty soon
you want to connect anything that has
that could come down to the
has anyone minting Fat Boso?
no do what? I'm not going to mint Fat Boso What happens, bro? Has anyone minting Fat Bosu? No.
I'm not going to mint Fat Bosu.
Fucking Final Bosu needs to get their fucking shit together
before I'm going to start minting Final Bosu derivatives.
That's just my personal opinion, though.
and the Final Bosu art's still fucking really cool,
but, like, holy shit, dude. What a fucking... Fat Bosu might flip Final Bosu. me wrong i mean the art's funny and the final bosu art's still fucking really cool but like
holy shit dude what a fat bosu might might flip final that's right yeah it could yeah it very
well could uh they should drop it and put a fucking token out there uh 0.04 eth for final bosu um which is pretty wild yeah what was the mint price on those like uh 0.08 i think
something around there and that was i think for if you were like on the early white list i think
you paid more but it was 120 dollars right or 130. no i thought it was 240. There's no way it was $130. Yeah, there's no way.
The lowest mint price you could have got was $0.08
in the earliest mint tier.
Well, speaking of abstract,
yesterday they announced that Seed Phrase...
Yesterday Seed Phrase acquired
I had a fucking thing come across my
I've talked to people in back channels
And everywhere some are bullish some aren't
Why? Because it's just for me personally I'm on Kyle. I know you're not, uh, very bullish on the, um,
because it's just for me personally, it's like,
it's a Ponzi that's already played out.
And a lot of the game pieces have already made that like, dude,
the interesting thing about a Ponzi is to have everybody met. Right.
And then everybody kind of decides like,
how long do I think this is going to last?
Do I take my yield and double down into more assets?
Or do I just take the assets I have and just take the yield and start converting that into liquidity for me to take out of the ecosystem?
But this has already played out on multiple blockchains.
The whales are whaling in that motherfucking ecosystem.
in that motherfucking ecosystem.
I think it's cool that it's a legacy Ponzi,
like early version of the game style that it is.
I'm not going to go throw a bunch of money at it
when I know there's already whales
whaled the fuck up in that eco.
Well, so like when I seed phrase,
I was talking to him back and forth in comments
yesterday um for those of you that don't know seed phrase owns 450 sheep and wolves 475 farmers
200 sheep and wolves that are still on blast that have to be moved over i don't think all that's been moved yet um 1840 wolf game genesis land and another thing is is seed phrase traded two
crypto punks for two pieces of land i think it was actually three pieces of land that give him
a significant uh you know strategy in the game because all this land
is surrounding the main body
sheep in the game, you need water
so your sheep can recharge,
you can have wool and all that
Otherwise you have to pay a tax on it.
See phrases like the king whale
and now he's the owner too.
What happens to the community
sentiment when he tries to take any money off the board at all as a player you know what i mean like
i imagine if luca nets just started dumping pingu all over everybody's faces you know we will never
know that uh yeah well i well i asked him about this yesterday and i was going back and forth
with him yesterday about it.
Trying to find the fucking tweet right here.
Here it is here. But can you play the game for free, or is it just a pay-to-play?
It's a staking Ponzi, Johnny.
So, yeah, you would have to have, you know, like...
My base understanding of it is that you have sheep.
and then if you have wolves which are the
rarer game piece in the collection
you can like use them to kind of like
steal other people's like yield and stuff
like that is basically like
no he was saying something yesterday
about in the blast, I guess
when they went to blast, they introduced
because Seed Phrase at one point
he has so many sheep, he created
a platform where you could go
you could swap your sheep for his sheep for a fee.
And basically you're just swapping NFTs and you're never stopped playing the game.
And so every time his sheep would recharge, boom, a fresh couple thousand would end up
You could go swap them out.
So I asked him about that
and, um, asked him about his assets. He said, we're exploring a lot of ideas currently. I love
the idea because I said, you know, maybe a portion of your assets need to go back to the community.
Um, he said he loved the idea of recycling rewards back into the ecosystem. He said the sheep exchange won't return as we now have jugs.
Anyone can produce small quantities of energy and sell them on the open market.
So maybe the way they're changing these mechanics is that you don't necessarily need the water.
need the water and if these jugs i guess are like secure vaults to to hold your energy um
that's what you'll be able to do but i know he has a lot of fucking money invested in this i mean
i think it's gonna cook i do too i think he's gonna have a lot i shouldn't be so negative
about it because i don't want anybody to fade it not even look at it because there's potential
there there's definitely potential there i'm skeptical that's all i'm going to be paying attention i want to see how the new
game i know that they're like reinventing the game to some extent so i really want to see how
they want to structure all of this and like kind of gauge the sentiment and then i'll go from there
i'm just for now i'm just skeptical that thinks Mighty High of themselves. No one gives a shit about what you're talking about, Kyle.
There's an article from OpenSea
that they interviewed Seed Phrase
about this whole entire takeover.
And that was one of the things,
was like, how are new entrants going to be able to,
be able to outdo the OGs that have been holding their assets.
it's a full reset and the full reset ensures fairness for both OG players
and newcomers paired with rewards,
new modes in tighter wool distribution.
They're going to be doing totally different mechanics.
They have high-risk mechanics, high-reward mechanics, short daily sessions, which is 30 to 60 minutes of gameplay.
And the first experience that's coming is called Caves Dash and Grab.
So he also talked about a playpad.
There'll be a new system that will partner with token projects to distribute rewards through gameplay.
So they're also going to be partnering, I'm assuming, with other abstract meme coins
to where you'll be able to earn rewards
from other ecosystems inside of Wolf Game as well.
This is all coming from Blast, right?
They were on Blast before?
Yeah, they originally started on ETH.
Then they went to Blast when all that shit kicked off.
Then they migrated there.
Is there anything on Bl blast of any interest anymore
no i mean bro blast is still let me go look their tbl is high because of their d5 stuff
yeah you know you stake over there you get pretty decent rewards on like uh
uh their coin last is still the number six uh l2 yeah out of all l2s right now yeah they've
got good defy rewards and look that's where i say i've said it multiple times i think that's
where abstract lacks is like you know staking options like defy options like they've got a
couple things but the yields aren't that great but like if they get aggressive with the d5 stuff you'll see a lot more
you know money go over there yeah 3.98 million um and i think this is seven yeah seven days 3.98 million in uh dApp's volume on blast so their their actual uh token is shit.
They only had 9,000 transactions in the last seven days,
When you go look at base, they had 6.26 million.
So, you know, it's not a lot.
When you look at Linea, 401,000 transactions.
Optimism, 320,000 transactions.
So I don't even know if Star Net is on this list.
They're not in the top 23.
So go pump those bags some more to Johnny.
So yeah, man, we'll see what happens.
I think it's still pretty dope that this was basically another CTO
by a fucking community member, essentially, is all it was.
Who else is working on the team with him?
It hasn't been announced.
They did say that they, Seed Phrase did say that he will be using,
He said that they are using,
I think some of these assets to,
entice creators and KOLs to,
talk about Wolf game and play and actually come into the community.
So I think some of his assets may go to that as well and may be allocated to that. So
I think it's going to have a massive push and I think Abstract's going to help bring that along. Pretty exciting to see.
I wish I was still in it, but yeah.
What do you think which communities will today be bought by OpenSea?
Are they buying or the bots are they buying daily yes i understood someone posted
the first day of 30 oh yeah i don't know i i seen a i seen a tweet the other day that showed all
those nfts they bought they were bought like like four or five days ago or like a week ago i think
he tweeted about it and he said i think
this is open seas wallet and they had accumulated those nfts over several days uh what they're
gonna buy next who the fuck knows they do have a lot of prizes that they got to go buy so
not really sure uh we'll see what happens um but yesterday there was a, so Yellow Panther, obviously, Korea Blockchain Week is kicking off, I believe.
And Luca and them are over there.
And he was doing a walkthrough interview with Yellow Panther through a shopping center.
And he ended up dropping some pretty good alpha, Kenny, for Pudgy Party.
collab skins with influencers
and celebrities are on the way.
Pudgy Party tournaments in Q4
So they're really about to start
pushing the fuck out of this.
Are in-game skins tradable?
marketplace via Polkadot.
The problem is they have 14%
They do their look gay somehow.
I don't understand what the fuck you're saying.
Yeah, didn't you see that Yellow Pounder is posting all the time some dancers?
Oh, I don't give a fuck about that, bro.
Yeah, I just asked you if you look gay.
Yeah, I mean, I guess. Are you talking about emotes, Dijani? yeah i just thought he can dance yeah i mean i yeah i guess i don't know johnny is that we like
like are you asking if they can if you can sell emotes and shit the same way no he's talking about
actually yellow panthers dancing skills oh not his i don't know who is uh who he is uh recording
but yeah yeah i don't yeah i don't know so yeah so some bullish news there from uh from luca on budgie
party uh pretty pretty good i know ma is like deep in the whole abstract thing might have a
take on this what's up dude yo what up man gmg did you say you're one of them
i'll take it i'll take it we... You know, those people?
Yeah, we're one of those people.
What do you mean by those people, man?
No, it's been interesting building over there.
And, like, right now is, like, we're aware of it.
It seems to be, like, a difficult time.
But it doesn't mean that the next six months can't be stellar.
Especially if they're bringing something over, like Wolf Game.
You have no idea what else is in the future for Abstract, so...
But you guys brought up something.
We were talking about the yielding and stuff.
I think, like, I would foresee Abstract doing it.
Like, I don't have any insider information on this, but their coin's not out yet.
So it's kind of hard for them to offer any of these, like, DeFi or staking right now
So I'm hoping that stuff does come along.
The other thing I came up for, though, is you guys brought up the fact that Wolf Game
is supposed to be bringing meme coins to token prizes.
What is your guys' sentiment on that?
Obviously it's something we've leaned heavy into.
If anything, like I may even say we started this on abstract to get people to start including
a lot of token partners into the reward system.
I think it's great for exactly this reason.
A lot of people are a little gun shy of like putting their own skin in the game when it
comes to like taking risk on meme coins.
But if you give people meme coins as a prize, I don't know.
I mean, look, a lot of people will just swap beef, right?
But a lot of people will hold it because now they've got an asset with potential upside that they don't really have any risk on, right?
Like their call space is zero.
Yeah, so do I. This is Reality Check. I want you guys to be completely. So I think it's great. Yeah. So do I. This is reality check. I want you guys to be as completely honest.
I think it's good. There's not enough. Well, there's not enough volume over there.
So that's my concern. I'm like, is it enough for you guys? When you look at this objectively,
you guys are kind of like, it sounds like fenced, you know, kind of like teetering of like,
it's here. It's good. It exists, exists but not like bullish and so it's great to hear
you guys yeah no i mean i'm on abstract daily we stream there daily and i get my two co-hosts for
always being pessimistic about abstract they're like oh you're just a hater no no no you're just
on abstract he's coming always that bullish out when some founder shows up every time and every time he's gone dude dude my
biggest problem over there has always been the lack of liquidity and the lack of volume like
when you go look at the meme coins and you know your top performer has done 130 000 in 24 hour
volume that's just not enticing for a trader who is a meme coin trader to come over
there to make short term flips because the majority of people who trade coins, especially
like the well-known KOLs, are all in and out of coins in like 20, 30 minutes.
They don't like to bag hold something for three months for a potential 3X.
They want to get in and out of coins. So from a trader's perspective, if I go over and trade memes on Abstract, I have to
understand that it's going to take a while for me to make some money on this coin. So it's just not
enticing to the average meme coin traders. And I think that's been the downfall is that there's
just not enough liquidity or volume on chain over there to entice people who legit are just coin traders to go over there and trade coins.
Because you always have to bridge, bro, and do things just to get over there
That's why Solani is so easy.
That is a problem, right?
For the average meme coin trader, that's a big problem.
I think what Abstract means, because I like it like that. Look, I'm a guy that's married and problem i think what abstract needs because i like it like that
i look i'm a guy that's married and i have a full-time job and i get wrecked every time i
buy a salon of meme coin i fucking blink and it's at zero because i wasn't paying attention
i like having a bag of fucking meme coins on abstract because i don't blink and it goes to
zero but i think what abstract needs is to onboard a fuckload of people like normies right and then like you know
abstract meme coins can be you know like a like a beginner's mode like a bike with training wheels
to kind of learn how to how these charts work and shit like that there's just not been enough
onboarding yet of normies i don't think which is the point of abstract to begin with right like
it's supposed to be this like streamlined, create a wallet with
an email account type thing and, you know, get people into these cute IPs and these, all the
coins are like cute IP. There's no, there's no racist tickers or, you know, any like degenerate
streams going on for these coins on abstract right now. So like, I don't know, man, I just,
I need to see, in my opinion, I need to see Abstract really start onboarding the fuck out of normies.
And I think those people will be happy to trade meme coins at that slower speed.
They will not be happy to trade, though.
But yeah, Kyle, they're not going to be happy to trade no fucking meme coins.
To give Abstract grace, though, bro, they don't have their ticker out yet, right?
Like Verachain had theirs on day one once they launched.
That's what Abstract needed to actually bring volume because people don't want to take their
liquidity that they're already using and like yeah let me go play on the abstract with this
east if they have an abstract token that would have created a shit ton of fucking volume
i don't i don't buy it hold on hold on hold on i gotta say big rug i disagree with your
disagreement of with me right now.
And we can flesh this out a little bit.
Like you said, normies don't want to trade meme points.
I think normies do want to trade meme points, but they don't want to get wrecked immediately
because that's a giant turnoff.
We saw a fuckload of onboarding happen when Trump launched his ticker, right?
And none of those motherfuckers are still trading meme points, dude.
And we just fucking came to the casino.
And that's why there's fucking such low fucking liquidity going on right now in the trenches.
But it sounds like you're proving my point.
If you go look at new users on Solana, there really isn't retail coming in on the meme coin side of even Solana,
which is the the ultimate six seven
billion dollar a day volume industry like you're not seeing any new users coming it's just the
existing you know traders trading back and forth within each other so like there hasn't been the
point the point i'm trying to make just to just to finish this point right is like new meme coin
people who are interested in crypto like dude there's not a lot of options like you
come in and you are swimming in the atlantic ocean with sharks immediately whether you whether
you're in water wing mode still or not right and i think abstract would be a great place to be kind
of like the kiddie pool where you get your feet wet the first time and don't necessarily just get
absolutely annihilated by a great white shark and then and then and then you got nothing left you know right i think the other problem with abstract right now is just there's
a little bit of mental fatigue from a person who you know jumped on abstract in january when it
initially launched right and a lot of people came to farm right they came to farm they wanted to
farm xp and we're what 10 months in Roughly nine months going on 10 months in.
I think there's just some mental fatigue from people who are over there,
especially when you look at some of these people getting 150,000 XP
and you're pulling maybe 10,000 or 5,000, whatever it is,
and there's real no kind of date.
I know people that are doing shit on abstract.
Wait, there's no TGE date set.
I saw the same thing happen with ZK Sync when I was farming ZK Sync,
When you're in this pre-TGE, you know, and it goes on for months and months,
eventually people get exhausted of trying to farm it,
and you start to see volume fall off and slip down.
So I think that's kind of also a factor of, you know,
the lack of volume right now.
If you look from their very all-time high on Abstract,
according to this Dune board,
they had 1.17 million transactions at their fucking picotop on one day.
As of yesterday, they had
That's not how percentages work, but okay.
I understand, but look, they had 87,000
That's, they're fucking, it's massively down.
Like nobody, right now they're at all time lows as far as transactions.
Because they don't have a fucking ticker, bro.
And how many of those are bots?
So, you know, I don't think it's because they don't have fucking abstracts.
Yes, it is, bro, because listen, when you go to a new chain, you're like,
yo, where's my token at so I can actually
trade on this thing versus me bringing
my liquidity? You don't need that.
deep bridge. Do you think people care about that shit in the space?
Is Big Rug driving an ice cream
That's a little bug back.
But it takes... Is Big Rug driving an ice cream truck right now? No, no. It sounds like he is. That's what I'm talking about. But the argument that it's hard to move liquidity over there is the dumbest thing.
I'm not saying that it's hard.
It didn't come out of my mouth.
I'm saying people don't care.
The extra step that people don't want to do.
Because you can come in there as a normie, to my knowledge.
I thought you can buy it.
You can just buy it straight in.
Jatoshi is a perfect example of what Russell is.
oh, I've got to fucking move money over there.
Like, he's a perfect example of, like, you know,
crypto natives who don't want to fucking take the extra steps to get open.
You're also comparing this with a guy who won't participate in the open season?
I'm not discrediting him.
The point is still valid.
from the fucking statement.
The point is valid, right?
We've heard it a thousand times before.
that knows about app development
How many times have we all heard this?
you've got to click another button,
you fall off like 20% of your fucking
account or something like that. I mean, that's
just how it is. Anytime you want to go
to any other chain and do something, you've got to
I agree that it's not even hard.
It's not about whether it's hard or not.
and you're like, oh, I need to play this soul coin.
I can't move this ETH to soul.
But we're not saying it's hard to trade it.
I think OS is already trying to fix that to where you can already go omni-purchase pretty much for NFTs.
So if we're heading towards that direction, all of this is irrelevant.
And I think within six months, all of this won't matter.
All of that crap is going to be invisible.
You're going to do it just, you want to buy something.
You have a dollar amount in your wallet.
You're going to purchase at a dollar amount.
I think that's where we're heading.
And all of this chain stuff, L2,
it's all going to feel irrelevant pretty soon,
which is kind of sucks, but it'll all funnel down
into like, what is the most efficient
for that type of product?
Abstract is great for games and maybe,
maybe for meme coins, I guess, if you want to,
I think Sol's probably still better.
Just there's more attention over there.
But I think each chain's going to have its thing.
And then you're just going to have a main account that you work from.
I got the same XP I got last week, even though I have a 25% bonus from reconnecting my Discord.
because my discord was disconnected last week and uh i got 9 000 xp and i reconnected it i
now have graduated elite chad which is 25 bonus and even so i even have a little star here that
says i'm in the top 10 of xp earners which is kind of crazy i wonder how many people yeah which is
platform for that to work out. Yeah.
That's a little disappointing.
So a couple other things before we rug this.
Good Vibes announced two hours ago that their first Telegram sticker collection is dropping in the Fuse store on the 18th.
It's going to cost 22 ton per sticker.
Are going to be available to buy
I think tons like $3 right now
Those usually do pretty well
So try and get in and get them
I have a feeling they're going to be
Fucking somehow bought it all to hell
They'll probably sell out pretty quick Are you going to be fucking somehow bought it all to hell um they'll probably sell
out pretty quick are you going to go for any kenny um maybe i haven't really thought about it but yeah
yeah so they announced that and then um token worlds tweeted yesterday that and for those of
you who don't know what token works is um they are the team behind punk strategy that have been buying
up the punks through that that coin kenny and so they tweeted there's been a lot of buzz about
people wanting to fork punk strategy for various nft projects uh they said we think um we think
we can do it better while also accruing value back to the Punkster token.
The NFT strategy platform will be released in the coming days.
So it looks like there's going to be a way for them to possibly start including other NFTs.
They have Meebits on here, Bored Apes, Moonbirds, Pudgy Penguins.
It's all the same team. what it's all the same team
yeah it's the same team yeah if there's gonna grift what do you mean grifter's gonna grift
bro they're launching um all of the strategies just to get their fees and uh whatever yeah
they're trying to run it through punkster yeah you actually said i
think we should do this for creeps like they're talking about doing it for other nft yeah but
why should they all launch all the strategies i mean they just want the fees they're taking
some of the nfts and the rest they're putting in their pocket well because they already have
the shit built yeah they've got the formula for they have the mind built out. They've got the formula for it. They have the mind share. They have everything already
great for them to run that through their
Unless you're going to quickly
develop and grab more mind share
Can you do that? Yeah, well well what i don't understand was like
how how the value the value of the treasury versus the market cap of the coin was like
fucking dude that four punks and i think the market cap of the coin was like 25 mil i just
don't see the correlation from the treasury to justifying a 25 mil market cap um but that was
just my take when i saw that, I was like, Hmm,
why is it so high in value? You know, if they only own four punks, which is roughly $800,000.
Well, they have six now. Okay. So that's 1.2 million. Yeah. Right. Uh, yeah, roughly, I guess.
Yeah. And I don't know what the market cap is right now, but there was a big gap between the value of the treasury
and the value of the coin.
But I guess if they eventually worked their way up to 20, 30, 40,
I still think it's overvalued as a coin.
It just doesn't make sense.
There's a big discrepancy between the value of the treasury and the actual value of the coin. It just doesn't make sense. There's a big discrepancy between
the value of the treasury
and the actual value of the coin.
Did these dudes fall off the
Or what happened here? Because this lamp
coin just wicked all the way up to $700K.
You're really watching this stream?
I'm not watching the stream. I had the
ticker up on one of the other streams.
No, this dude's sitting in a restaurant
with a lampshade on his head.
Yeah, someone must have flipped the light switch off or something.
No, now one of the guys is sitting at a restaurant
with a lampshade on his head.
So, yeah, I don't know what the fuck.
These guys are just going everywhere now
with lampshades on their head.
One other thing I wanted to touch on real quick crypto
i mean um the uh what do we call it uh collector crypt had another drop earlier this morning
sold out within fucking minutes like a couple minutes um and people are just showing off their
w's man i mean people are pulling two thousand000 cards off of a $50 rip or a $250 spend,
you know? So like, I mean, I just think this is such a good model right here. It gives people
a real chance to like fucking 10X their money, like within seconds, right? If you pull a good
card. And I'm super bullish on cards, man. I think this is going
to continue to grow. And it's a pretty, you know, I mean, yes, it's gambling, but you're actually
getting like physical cards and you can turn around and sell it instantly or you can actually
hang on to the card. So I really do like Collective Crypt. I think it's legit. But yeah,
every time they restock, it's gone within like minutes um they can even
keep up with the demand so i'm just bullish on that these fucking guys are standing next to this
bathroom in a restaurant with the lampshades on their head nice jesus christ how long before they
get kicked out i don't know i don't know at first they weren't sitting there with lampshades on
their head they were one was sitting at the table with a lampshade on his head.
The other guy was just sitting there.
And now they just jumped up real quick.
Yeah, some manager's going to come kick him the fuck out of here.
But that's why the coin's running.
Fucking look at the goddamn green wick up on this thing.
It's ridiculous. I think they're being escorted out green wick up on this thing. It's ridiculous.
Oh, I think they're being escorted out of the.
Oh, they were at a McDonald's.
I beat the fuck out of somebody if they did that shit in my restaurant.
They were at a McDonald's somewhere.
I don't know where they're at.
That's free advertisement for the restaurant.
They're standing out front.
This guy's sitting here in his car taking a picture of him.
Why are you so angry, dog?
one time come into my restaurant.
He asked me if he could use the restroom.
I was like, God damn it. I didn't want to.
Kenny, I get a good idea.
30 minutes later, we're like, where is this guy?
We go knock on the bathroom door. He's not answering.
He's not responding. I fucking pick the lock.
We go in there. This motherfucker's naked. He's washing
himself with the hand soap and
He's just taking a shower.
Yeah, bro. It's cool. Come on.
While my customers are in there,
I had to get the cops to come in there
and pull him out like he was butt naked. They had him handcuffed walking out of my restaurant there's
children and parents and yeah but he wasn't in the moment that's real good that's good for my
business kenny all right so here's the deal you're bald-headed all right so shave your head like
completely smooth bald um go get a uh a suction cup dildo.
top of your forehead or the top
of your head and then just
go do some bar crawls with
it and put out Ticker Dick.
Ladies and gentlemen, the quality content
you all come to Reality Check for every day.
Kenny's wanting to get a coin going, so
you might as well come up with some idea. I want to get a coin going so you might as well come up
what are you fucking talking about
ticker Kenny is coming soon
Kenny won't even put on a t-shirt
to come on stream with you and me
on abstract you think he's going to
Can he do a Mr. Clean skit
The XP is fucking horrible
Oh somebody's wanting to give me
Somebody's wanting me to give away some
A new Voyage is up Buy a $50 NFT Hold on. By the way, a new
By the way, you send that to Jesus
and he'll give it away real quick.
He'll give it away right to the fucking liquidity pool.
Somebody sends me something to give away.
I'm not going to fucking do that.
Hey, bro, you can't buy a napo.
Bro, you can't buy a Nappo.
I ain't got time for this giveaway shit.
Yeah, I don't know what this person's doing.
Yeah, but they're wanting to send something or give something away.
Who would I even give it to?
We can give it to somebody.
Kenny, you looking at anything else?
Maybe we'll give it away tomorrow.
Kenny, you got anything else?
I got news for you, buddy. That coin's
Well, no, they're wanting to give away soul
Everybody have a good day.