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Tariff fears Return, Hyperliquid thwarts Attack, GameStop to buy BTC
Recorded: March 27, 2025 Duration: 1:01:45Space Recording
Short Summary
In a significant shift towards cryptocurrency, GameStop plans to raise $1.3 billion through a debt offering to acquire Bitcoin, while USDC reaches a new market cap milestone. Meanwhile, the NFT market is revitalizing with new launches, and platforms like Walrus and Radium are making strides in decentralized finance.
Full Transcription
Yo, yo, yo, what up, what up, good morning, good morning, GM, GM, Thursday, ooh, baby,
Thursday, Thursday, Thursday, March 26th, 7th, March 27th, 2025, look at that, another
beautiful day to have a beautiful day i got my coast in the house
tyler mando good morning good morning good morning good morning how you guys doing
i'm doing fantastic how are you i um i'm doing fantastic as well actually i'm doing fantastic
as well i woke up for the first time in four days where it's sunshine so it's always
lightens up my mood when I wake up to the sunlight.
It's nice.
Do you wake up to sunlight every day in Portugal?
Is it like 300 days of like sun?
It is 300 days of sun, but today it's like, it's like mixed.
There was some sun this morning.
Got you beat today.
Tyler.
What's up, Tyler?
How you doing?
I'm good. Froak, I feel like you hate wednesdays you love
thursdays so we have the hot energy coming in here today i wish i could have appeared as the
jibble fight version yeah yeah yo that would be fire right ghibli like just everyone ghibli like
host the show as like studio ghibli that could be really fun is ghibli or is it ghibli by the way
i don't know i've only seen it written i've never heard someone say it because like
i said ghibli because gh there's like but it's kind of like it reminds me of the gif versus gif
argument you know i mean you can say gif or you say gif gif gif tyler what do you say
i said gif but i mispronounce a lot of things so i knew you were a gif guy i don't know why Jif. Gif. Gif. Tyler, what did he say? Uh-oh.
I said Jif, but I mispronounce a lot of things.
I knew you were a Jif guy.
I don't know why.
I just had a feeling you were a Jif guy.
It's very American of you.
I think it's very American to say Jif.
It's very non-American to say Gif, right?
Wait, you guys say Gif or Jif?
Chat.
Let us know.
I see.
Bongo, you say Jif or you say Gif?
Gif.
Do you say Ghibli or say Ghibli? Wait. Ghibli. There you go. I kind of like having Bongo, you say GIF or you say GIF? GIF. You say Ghibli or Ghibli?
Ghibli. There you go.
I can't like having Bongo hanging out on stage.
Pull up Bongo's Twitter. I gotta see if this is real.
He posted this food picture of all the stuff he bought for $40.
In Europe. Let's ask
Mando if this is real. Mando,
Bongo says that he bought all this for $40
in Europe. Do you think this is real or fake?
That's very real.
Yeah, I think so as well.
100% real.
Bongo, real or fake?
It's real.
Yeah.
What I like.
Euros or dollars?
Because that's different because the euro is quite stronger.
No, it's like $2 different.
But yeah, this was $40.
Wow.
This is true, man.
Tyler, this is the truth.
This is the truth.
It's true.
It's true. It's true.
It's true.
It's true. It's true. It's true. It's true. It's true. It's true. It's true. It's true. It's true.
It's true. It's true.
It's true.
It's true.
Let me take you a picture here.
I, when I go to New York, I take the, I take a Uber into town.
Yeah.
It takes about 45 minutes.
Okay.
It costs me.
$20.
Well, maybe about a hundred.
Okay, fine.
I get in the Uber when I get from Lisbon.
Well, we have Bolt over here, which is a bit more popular.
Cost me €6.
Yeah.
And it's a 35-minute journey.
This is true.
I know that for a fact.
I can check this is real because last time I was in Lisbon.
Remember when we went to check out the Myriad team and then we're there doing ape fest i was stuck in traffic 45 minutes
and it cost me about 12 euros because it was like premium so you got a comfort or regular would have
been six euros right i paid 12 euros for 45 minutes i actually felt so bad that i tipped like
50 yeah like like a standard uber ride like from just one place in lisbon to another that would be
like three euros yeah i actually felt bad so i like doubled the guy's journey because i was like
this surely these people can't be making enough money uh and and that's what it is it is what
it montreal is the same um i know tally you were shocked by the price i think but i'm in your
account but in montreal like whatever bongo just posted if i go to my local little organic food
shop that i shop at downstairs, you know.
What's the super expensive one again in, like, California?
Oh, Erewhon?
We don't have it.
Okay, that's insane.
Danny told me one day he paid, like, $75 for a bottle of water.
Bottle of water.
It's like this, like, crazy water bottle.
That's funny.
Danny would do that right um but anyways
today on the show we're not going to talk about the price of things but yeah tyler it is like that
but rent is more expensive but i maybe not versus usa versus me like i'm shopping in lisbon i thought
i would live like a king everyone looks like i may live in the shack with my budget like amando
sending me that's one thing that is expensive here because you have
a lot of people who are digital nomads yeah but you do spend less on everything else and
it's everything else is way too far it's a comp but like i'm going my rent is going to be up 100
versus montreal but montreal rent is ridiculous this is true this is well also because i earned
us dollars in canada so that's also the other part, right, Mando? Right. The Canadian dollar.
But you're right.
Like Montreal rent is insanely cheap.
And you live good if you earn dollars in USD.
Anyways, I should be hiring in Canada instead of hiring people in fucking America, dude.
Americans are expensive.
Anyways, side note.
Americans are expensive.
By the way, even salaries in Europe are much lower.
But I guess they have more like things.
But it's actually pretty crazy when you think about it from a business owner perspective.
USA is really hella expensive.
Anyways, USA is great though.
USA is great. Ferrari is going to
increase their crisis by 10% to offset
President Trump's tariffs. Just saw that.
So Tyler, looks like you're going to
have to pay 10% more
for your
incoming Ferrari.
It's a good time to sell your
exotic cars if you're in America because you could
probably bank on that. Yeah, Mr. G. Farouk's
getting some biceps. Thank you.
I'm working out a lot.
A lot, man.
We're hitting, if I go today, it's supposed to be my day off,
but probably tomorrow it's going to be 50. 50 for the year. So, I'm at 49. Not bad. We're hitting, if I go today, it's supposed to be my day off, but probably tomorrow it's going to be 50.
50 for the year.
So I'm at 49.
Not bad.
We're there.
We're getting ripped, you know.
It's got to be ready for Lisboa.
You know, they're wearing a lot of t-shirts there.
A lot of shorts.
You know, I'm going to hit it.
Anyways, today on the show, I'd also have to be paid more to live in the U.S., says Rug Radio account.
Jesus Christ, intern.
Anyway.
Market report. We'll talk about the market market is a bit lower today but also like not insane like 86 2 i like it so we'll talk about
that um then we have then we have uh taylor's top 100 or a thousand i mean fuck taylor probably
has a lot of stuff to cover there's a lot of things happening right now it's a walrus opening
two billion holy shit we'll talk about all that good stuff.
And then we have a guest coming on today.
We have today's show partner coming on.
Facet, which is an L2 focused on RWA.
So I'm actually curious about what they're doing.
So they're going to come on.
And then last but not least,
robot loot box pins.
Let's see.
Let's see what y'all get.
I yet have to set the loot box.
I'll do it during the show.
But as usual, going to probably put a high chance of winning a get. I yet have to set the loot box. I'll do it during the show, but as usual,
gonna probably put a high chance of winning a penguin.
Kind of want to get a penguin win.
So I'm going to push for that.
And then there as well,
red guys got swept.
Nice.
Fuck, red guy, man,
keeps getting swept these days.
I keep having to add new red guys.
That's a good sign, I guess.
Anyways, last but not least,
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powered by, powered by,
Galaxys.
We love Galaxys.
Galaxys is a web3 platform empowering creators and brands to build unstoppable communities with full ownership and independence.
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Participate.
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The points program on Myriad Markets is free to join.
You can use Myriad points for free
literally zero dollars needed um and there's a there's a leaderboard right now let me see where
i am um was i booted from the leaderboard i know usually my team likes to kick me out so i can't
participate i mean i clearly can't win but uh but i'm curious oh no i was locked out okay i'll check
but there's over 20 000 people participating participating, guys, in this thing.
I'm 250th right now.
Top predictor in the Wallet Connect competition.
That's not too bad.
That's not too bad.
Out of 26,000.
Not bad.
Not bad.
That's like top 1%, right?
Something like that.
So anyways, with that, Mando, how is this market doing?
Where is this market going?
Tell us, Senpai.
Who is the man, back old daddy of the land?
Can you dig it?
Hello, everyone.
So it doesn't feel that great the last 24 hours.
The main thing there has just been the return of tariff worries and stocks kind of continuing to kind of sell off.
We went below the 200-day moving average again in the S&P, which is quite an important level.
Kind of may indicate that we're going to continue this downtrend for a little bit longer than was initially expected.
A lot of those oversold metrics are now not as oversold.
So that's not really going to save you anymore.
Interestingly, gold just continues to push higher.
And for that reason, again, Bitcoin is starting to be up and down here.
Wow.
Whoa.
What a start.
Yeah, exactly.
Gold is doing well again.
And Bitcoin's kind of holding on to that a little bit, I think.
So we're not getting...
Yesterday was not great for crypto, but it wasn't horrific, again, even though the NASDAQ was down 2% again.
NVIDIA was down a lot, right?
Yeah, a lot of big tech again getting hammered.
I mean, a lot of this AI weakness may continue, right?
We've spoken about how the China stuff may be important there and can be a persistent worry for a lot of
these major ai firms um so microsoft flipped nvidia actually yesterday oh wow yeah uh and a
lot of them kind of nvidia's again down today a lot of them are like just looking a little bit
bearish it feels like i don't know if they're going to turn it around or or whatever but that
that is definitely keeping crypto slightly um yeah slightly range bound like people are bullish i
think on on crypto there's some individual stories which are doing relatively well like you can kind
of see the coins that the market likes at the moment um it means it's probably kind of just
fart coin and pepe, I would say.
I've probably been the strongest two.
I haven't looked at Pepe in a while.
It's just held up okay, is what I would say.
And then in L1s, it feels as though Bitcoin,
AVAX has held up pretty well, interestingly,
over the last few days.
And Sonic, I would say, as well.
Probably those have been the best bounces, I would say,
or held onto their gains.
Solano has kind of drifted back lower again.
I don't think that's...
Maybe not a great choice.
It's 137-ish, 138, yeah.
137, yeah.
ETH is... Yeah, didn't hold on to the gains already either.
Hanging out around 2K again.
So I don't know.
It is becoming obvious, I think.
Like if I go to the most, the gainers over the last week,
it's kind of been the same coins for a bit there uh oh tanya barra again
another seven percent day sweet wow baratian guys is really like i mean that has been a great coin
to hold during there's been a great coin like we had him on yesterday um love the interview
yesterday actually has caught a lot of the ai move and obviously this proof of liquidity people are doing more d5 stuff so d5 coins in general have been have been fairly
liked um yeah so so i i think the d5 and l1s are continuing to be the strongest apart from like
the the odd meme. The Daily Runner
isn't really holding on for that long,
it feels like.
And there are
attempts to get it going again, but it does still feel
like memes are in
a tougher market
for a while. And
NFTs are doing okay, too.
Punks are doing great.
It's true. What are you laughing?
I didn't say Pups.
I said Punks.
Pups is always doing good, man.
We don't have to worry about Pups.
Pups goes ups.
Pups goes ups.
Hey, NFTs are doing great.
Fucking Udi just fucking banked like $20 million, brother.
How about that Punk Bitcoin spread, baby?
How about that Punk Bitcoin spread, baby baby let's pull up tyler's spread i mean are we up
86 5 versus versus versus drum roll 85 8 not bad not bad it's honestly one-to-one it's been
one-to-one forever yeah it's about the same clearly somebody else was in this trade like
i didn't really know um but yeah all i'm basically saying is the macro fear is back
so macro fear is back uh mando and i want to ask you so yesterday what i liked seeing i think
tyler you mentioned that as well in the chat is we got a lot of like technically negative tariff
headlines again and you're seeing them again this morning. Tariff, tariff, tariff.
That's our list again.
We're waiting for Liberation Day next Wednesday on April 2nd.
But Mando, it appears that we stopped aggressively dumping on these headlines.
Like there was a moment in the past month or so where like every single tariff headline, we just lost $1,000 a headline on Bitcoin.
Like we just kept hammering down.
Do you think we just went to oversold territory
and now we're just cruising for the time being
versus the rest of the market?
I think macro...
People...
There was a report out yesterday
which says 51% of the US think
there's going to be some form of a stock market crash.
There's a lot of worry that this... that the valuations in ai are not going to be sustained
here and and like a lot of people being like oh this is gonna be exactly same as uh.com it doesn't
look as aggressive potentially in my eyes as as.com um but i don't think people are like fomo buying
back in like tes bounced, uh,
for example,
and Nvidia bounced a little bit,
but it doesn't feel like,
I think that you have a lot of like people who are a bit scared.
They're like waiting to see how the next few months evolve.
it's very clear with AI that you can catch up with each other just like
unbelievably quick.
and it's still difficult where,
like where,
how to actually create value with these, um, or if you can even hold on to value in that world so i uh i think that's like a
ongoing worry of the stock market right now okay liberation day liberation day
what do you think happens any big moves before that what do you think happens? What do you think happens, Tyler?
You love your liberation day. What is
your outlook on that?
A few things have happened. So like in the auto
tariffs, I think part of the language
that Trump uses, these
are permanent
and non-negotiable.
So I think that was one of
the first times we've seen these hard
line tariffs like tariffs change.
So like that is telling us that at least a portion of these tariffs are
real and they're going to be here for a while.
So like the whole camp that thought maybe these are just negotiation
tactics, at least for some of these, that's, that's out the,
that's out the window.
So I think that's, that's a bearish indicator.
I would say that that's a bearish indicator, I would say.
That's my read on it.
On the flip side, we have seen some of the countries who are facing reciprocal tariffs start to unwind their tariffs,
like Vietnam was one.
I've seen a few other countries as well.
I think India rescinded some tariffs that they had.
So we'll see if we get like a mixed bag of results here.
That could be a little bit on the bull side.
I think we'll have more information on all this next week.
I'm no macro tariff expert, but that's what I've seen.
And it just feels like no one's really going to,
we're not going to see any major moves
until a little bit more concrete info is out.
Okay.
The countries are going to handle these.
Okay. The countries are going to handle these. Okay.
Okay, okay, okay, okay.
So I guess we'll see
where this takes us in the market
in the near future.
So I'm trying to post this broadcast link.
Just for a reason,
we are live every day on audio and video.
You can check us out on the Rug Radio YouTube,
but also we broadcast here though.
The ex-broadcast thing has never gone better, to be honest. audio and video. You can check us out on the Rug Radio YouTube, but also we broadcast here though.
The ex-broadcast thing has never gone better,
to be honest.
And you can always, you know,
comment live on the show.
Anyways, so with that, Tyler,
let's get into today's topics.
Let's get into what you got first. For the NFT and crypto analysis.
Tyler T on FOMO hour calls, the kids can't miss.
Free to back some barriers.
Crypto major slightly red amidst more tariff news.
25% on all automobiles outside the US.
Bitcoin down 86,004.
We can slow down about a percent or so here as well.
Hyperliquid fell 10% on the day after the protocol was left with short exposure to the Jelly Jelly meme coin,
which soared to $50 million testing the network's integrity.
Hyperliquid validators ultimately voted to perform an automated liquidation of the position at a lower price point than their Oracle showed.
So that situation is resolved, though still some fallout coming from
that gamestop announced plans for a debt offering to raise 1.3 billion to buy so two days ago
they approved bitcoin as a treasury asset one day ago okay they're gonna buy 1.3 billion dollars
worth so that was huge news the blockchain group out of france also bought 580 bitcoin for its
balance sheet that was 47 million euros worth.
In Stablecoin News, several US legislators have shared plans to advance Stablecoin and
crypto market legislation over the next few days. I think we got a first glimpse
of that stable act yesterday. Wyoming announced plans for their own Stablecoin, YST, launching
as soon as July, just what everyone in Wyoming wants, their own stablecoin.
And then USDC hit a new record market cap, crossing $60 billion.
They now command 25% of the overall stablecoin market.
And then Fidelity, they're throwing their hat in the ring.
They announced they're testing their own stablecoin as well as they dive deeper into tokenization.
Not necessarily crypto-related, but Robinhood, folks.
They are going full- on financial services mode.
They announced a new banking product.
They announced a new AI powered wealth management product and more.
In token airdrop protocol news, Walrus, they officially launched their mainnet and that
wall token dropped.
Folks, it opened at 500 million in a $2 billion FTV.
Huge launch over on Swede this morning.
Radium is preparing to launch their pump fund competitor, Launch Lab.
That's coming within the next week.
Polymarket admitted some market manipulation took place by UMA Wales
with a recent Ukraine Minerals Market bet,
stating, though, that it couldn't offer compensation,
but will work with UMA to prevent this from happening in the future.
Ido announced $5,000 in weekly rewards for the top 50 yappers
and top 50 emerging yappers, so keep yapping.
Then shout out to Wasabi.
They opened pre-deposits for the Baritoken,
offering up to 300% APY plus points for those deposits.
Rounding this out, in AI and memes, the NFTs,
AI down about 7% on the day leaders are
down about three to ten percent across the board memes similar down about three to ten percent
ghibli was the meme runner of the day 23 million dollars right now 75 million dollars in 24 hour
volume so one of the things we've had in quite some time in In NFTs, Taproot Wizards, they shared new details.
That Dutch auction is happening today.
I think 11 a.m. Eastern, right after-
It's happening in half an hour, yeah,
and you can bid in Seoul.
0.42 Bitcoin decreases by 0.01 Bitcoin
every three minutes,
and then it's also viable in Solana,
like you mentioned.
Forgotten Universe flashback.
They launched their game on their own.
I like those guys.
They access mode.
Ripcash artists sold 64
editions of pattern recognition for 2.22
each. Pretty hefty
sale there.
Top Shot. They're still cooking. They debuted
a fresh marketplace upgrade.
A new way to filter their
moments. So Top Shot.
Still moving over there.
Wow. This is
a lot.
I mean, what do we even...
I think GameStop, right?
I feel like this is the most fun, relevant to Majors news that was out there.
Those guys, man, I fuck with them.
They're like nonstop doing the thing and buying Bitcoin.
I mean, who's going to be next?
What is it?
$1.3 billion Bitcoin by the announcing?
Yeah, that's the thing.
So GameStop has $3 to $4 billion in cash on hand, and they're not using it.
They are going to raise $1.3 billion through a private offering of convertible senior notes of debt.
And then they're going to use it to acquire Bitcoin.
use it to acquire Bitcoin.
And as they also announced as a part of this,
they're going to close a significant number of stores in 2025 as,
as ongoing efforts to enhance profitability.
So it feels like they're kind of going that micro strategy route,
right.
Where they,
they had an initial company model.
Maybe it's a little bit of a zombie company.
It's a meme stock.
And now they're pivoting to a Bitcoin company.
And it doesn't feel like they're going to be the only one.
Right.
Like we were talking about this in our group chat yesterday.
It felt like, you know,
there's maybe 50 companies or so who have significant stockpiles of Bitcoin
right now.
It feels like that number is going to be 10x in the next couple
of years. At least that's my read because it sure feels like
it's accelerating. Headlines
like this are accelerating right now.
What does that mean for my alts?
I'm just kidding.
What does that mean for pups?
That's the question.
That's the question. I mean, it is on
Bitcoin.
It is on Bitcoin. It is on Bitcoin.
What does that mean for the Taproot Wizards?
Probably nothing.
Anyways.
I don't love this, by the way.
Why don't you love this?
As I've said before, I don't like it when public companies are raising convertible nodes.
Convertible is debt, right?
What we're speaking about with Sailor is that it's okay if it's pref shares.
But if GameStop were to go under, of which there's been several times in its past where that could happen,
that's $1.3 billion coming and it will get sold.
So you are kind of teeing yourself
up for here for precarious scenarios in the future
where it could get
sold and in not a nice way.
So, GameStop, I'm
saying they have roughly $4.8 billion in cash
in cash coins.
Walk us all through, why would they choose not to saying they have roughly 4.8 billion in cash in cash coins why walk us
all through why would they choose not to use
that and go
this debt route
instead because it is a riskier
yeah because debt is okay
for like if you're in your map
you run GameStop right
yeah do you want to dilute yourself
or do you
like it's debt is good for management.
And at times, it can be good for equity holders.
There's some stuff in capital structure formation about that.
But in a case of a bankruptcy or a company that has been or never –
I don't know what GameStop's free cash flow is.
Let me just have a look at it.
GameStop free cash flow last year.
But I imagine they're burning cash um who knows yeah so they burned 225 million of free cash for last year so this company is like it's probably
fine that's not crazy versus cash balance um but in the past it's been through a lot of trouble and
i wouldn't i would never bet that in 20 years, GameStop doesn't go under.
Right.
And then that can lead to a messy sale, essentially.
Maybe it's okay.
It's only 1.3.
But if they continue to do this and they raise like 10, that's not – I mean, that's a risk.
Again, that becomes like sailor style.
Again, that becomes like sailor style.
And not everybody's sailor.
And not everybody's sailor.
In many ways,
his free cash flow burn is basically very low
because he actually does have a residual business
which covers quite a lot of the interest expense.
GameStop is burning $250 million of free cash flow.
Fuck, wow, okay.
It's not crazy, but it's like you know that
three billion is is going down slower and lower and lower each year at the moment and in the past
it's been far higher than that blest is asking you he's saying they have a ton of cash on hand
what's the issue with raising debt when they have forex what they're raising in cash and then the
switching to a bitcoin strategy help them avoid going under?
So does it help them avoid going under?
That is a relative question, right?
Yes, it may improve their ability to not go under.
But if they go under, it's worse for us, right?
Like, I don't care if GameStop goes under right now.
But, like, does it make it a less you could say yeah bitcoin's better
for them as a as a something to hold but that that just that means that suddenly your bitcoin
does have a default risk and that's just not really the case uh elsewhere okay i listen this
is about my pay grade i just hope none of this fucks up because then it fucks up my bags you know just take a step back companies raising debt which is happening a lot to buy bitcoin is like if your
friend did that right your friend comes to you and says hey i'm gonna raise a billion dollars
and let's say they have a lot of money already but i'm gonna raise some debt to do that you might
think that i don't know maybe my friend goes bankrupt in 10 years
okay then what happens um in a bankruptcy scenario often you have to float it doesn't
even have control about what's going to happen it can get very right that's what happens and
what we're seeing here is a bunch of our friends are saying hey we're going to raise some debt to
buy bitcoin and that that that's not necessarily a good thing Yes, it's good for pumping our bags in the short term,
but in the medium term,
if you have a bunch of debt against Bitcoin,
that can mean that things can go wrong.
So I'm talking longer term.
Like, yeah, I don't know.
I don't think GameStop's going under in the next year.
Like, it's got free cash and it's burning 250 million.
Like, you know, that's 12 years of free cash
to burn there unless they want to do something else.
But who knows?
GameStop's
made some terrible decisions in the past.
They have, but maybe they're
on the pathway to making better decisions.
Maybe.
GameStop's credit rating. Out of the whole thing, I like that they're doing it with Michael. or not maybe i would i i would not let me get game stops credit rate
out of the whole thing i like that they're doing it with michael
then kind of on their own like it looks like they could be advised better right right but i see your
concern very valid i don't know if tyler's have more thoughts on that, but that's, that's actually a very valid point.
Mando's,
bringing forward.
How is MetaPlanet doing it versus GameStop,
for example?
What's the difference here?
They do a mix.
They do a mix.
a lot of it has been equity and I need to,
they're not as big,
in general,
Bitcoin holdings as,
God, it's so much better asking ChatGPT these questions
They have 3,350
Bitcoin as of March 25th
2025
So I don't know what that is
in dollars but
86,000
They have 276 million right
Yeah it's about 290 million
these prices
So it's significantly smaller
How much how much debt do they have? I'm just gonna ask how much do they have?
This is always the word like liquidate sailor like if you if you do this with that there's always a liquidate
So they've been doing debt sales but like smaller like there was an article from 2024 how
they're like doing a 11 million dollar debt sale so they've been doing like smaller batches versus
right that's that's uh so they have 75 million of debt so yeah it's not it's still not great but
it's not um it's not as good as what sailor is. I see what you mean. But it's better than when these guys have.
Okay.
That's fair.
That's a good point.
I like that.
I like that.
Intern, that's a good clip.
Let's ask the people what they think after that.
Post this up.
Tyler, there was a few other things.
I see Jose in the studio.
We'll get to you in about seven-ish minutes
to talk about what you're building.
But Tyler, what else do you have for us?
It feels like you had quite a few things.
A few things.
And I want to talk about Hyperliquid here in a second because we talked about some of
the shows.
We have to, yeah.
I quickly want to talk about the Stable Act of 2025.
So we got the full text released yesterday.
Nick Cannon broke it down.
Some highlights here.
No yield bearing stables are going to be included.
So those are prohibited.
Banks, credit unions, non-banks are approved to issue them.
They have to be one-to-one reserves of cash, treasury bills, less than 93 days, or other highly liquid safe assets.
Let's see.
States can certify their own stablecoin regimes as well, but they have to meet
or exceed the federal standards and the no-algo stables for at least the next two years. So those
are the quick highlights. We'll see how these progress. It does seem like, at least from what
the congressmen are telling us, this is a priority right now. They're trying to push these through
Congress. So expect more news on that front.
I think that's the story. I do want to talk about hyperliquid now.
So we went through what was happening yesterday on the show.
And then shortly after, I'd say probably within about 30 minutes after we
closed out our conversation, we got the resolution.
Effectively they implemented this rule where if someone is exploiting their
protocol, it goes against their terms of service. They have the option to perform this automated
liquidation. So effectively, I think, as I understood it, Jelly Jelly was trading around
$40 million and they liquidated the position at around a $9 million price point after hyperliquid validators voted to do that.
So that's my understanding of the situation.
Mando, I don't know if you have a better read
on how it played out.
I thought initially that Binance and OKEx
had been the good guys and taken over the position.
Turns out they weren't.
And it seems as though actually this was them.
Now, everyone, it was crime season, baby.
Like crime from everyone.
Like are they the one that did the, who did the jelly jelly?
Who knows?
But like, let's say that person's an independent third person.
Maybe you'd call that crime or like you'd say that an expert.
I don't know if that's crime.
But can I ask you if this is crime?
If Hyperliquid's platform allowed for this to happen? I think what Hyperliquid did was the most crime. But can I ask you if this is crime? If Hyperliquid's platform allowed for this to happen?
I think what Hyperliquid did was the most crime.
Because the Oracle thing is not – like they're calling it suspicious market activity that goes against the terms of services.
Therefore, they settled for their own Oracle price.
Is that what happened, Mando?
I mean, it is a gray area because like, is that market manipulation or not?
Or is that just, that's crypto?
Like you put, they were the people that put that on there.
They put the LP on there.
Like they knew the LP of the position they had on there.
And it's a, and then it's a market for other people to see that exploit or see that risk
and go for it.
That's not a
there must have been hundreds of people involved in buying jelly jelly yesterday right so um
for me i feel like hyperliquid were the ones that did the most crime but they i maybe would have
done the same i mean almost a hundred percent would have done the same thing in their scenario
too right like perform a little bit of crime, same, save,
save the protocol.
Yeah.
Why not?
Like I said on this show,
I thought there was a,
there was a 10% or more probability there that they could lose 50% or more of their,
of their treasury.
And I think that was,
they ended up in profit of $700,000.
Right.
So it was at max,
it was max crime.
Like they decided the price.
Sometimes you just got to shut off the fucking exchange. mean you know it's happened before sometimes you gotta do
what you gotta do for the sake of the people you know uh this is crypto man like tic
impact so that's what happened so this will happen exactly right like shout out to abby here so
validators rapidly decided to delist jelly perps.
So they delisted it.
Adjusted the Oracle price significantly down to $0.0095 per jelly,
closing all open positions.
Publicly communicated quick actions transparently.
True story.
They were very quick to communicate.
Normal users, excluding flagged wallets,
automatically compensated no action needed.
So the financial outcome is that Hyperliquid turned potential
multimillion-dollar loss into a $703,000 realized profit after adjustment.
HLP deposit is fully protected and even profited $687,000 daily profit
despite initial care.
Now, the market perception is true.
Perception is true that's another conversation
That's another conversation, right?
Right like the centralized
Like the centralized conversation.
Centralized conversation
Then Zach XBT came up
At them saying well
You didn't do it when it was North Korea
But you're doing it when this is
At stake so I think then it's
Just a matter of
The court of public opinion
Right this is what's happening right now
I guess what are your thoughts Tyler like
Because for me it's like what happens to the people?
And that was a question I was in the comments at all.
A lot that cashed out, scared of what was potentially about to happen.
Yes, you make the people in the trade a whole,
but there's no way to make people whole if they cashed out.
Zero way.
Which was me.
So I ended up selling my high position basically at the bottom.
And I withdrew my funds.
It was an amount that
i wasn't comfortable losing i think i made the risk decision now i've been sleeping on trying
to decide if i want to buy the position back should maybe wait for this to play out a bit
yeah there's other factors playing on macro right now as well yeah um but i still haven't seen the
response of okay what are they going to do moving forward?
Like take these tokens.
Like what are your risk procedures to take these tokens off your platform
that had these tiny liquidity pools that had these tiny market caps relative
to crypto majors?
Like,
how are you going to prevent this from happening again?
Because as I understand it,
it can happen again right now with,
with other tokens that are still,
they have a ton of like,
they sound like chill guy, for example, on there, right?
Or like-
There's five other coins that have similar-
Like Chill Guy USD.
Chill Guy's trading at what?
Like 30 mil or something?
Three mil?
I don't know where it's at.
Yeah, exactly.
Goat is similar and they're still there.
So I'm definitely not going to be buying back until they've at least addressed
that.
With that said,
my gut read is that most market participants here have memories of a
goldfish and they're going to move past this.
And as long as hyperliquid volumes continue to grind up,
they continue to eat into market share. I think the bulls, the hyperliquid volumes continue to grind up, they continue to eat into market share.
I think the bulls, the hyperliquid bulls will continue to be loud.
And that may be enough to continue to.
I saw some like beef within that as well.
Right?
Like I saw like Stowe, Stowe Savage, he's a pretty big hyperliquid guy.
And I'd get kicked out of some chat and there was a whole thing.
And Kobe commented like,
there is also some people are not really happy.
Part of the hyper liquid,
like bulls.
Like it was the first time I saw like hyper liquid bulls themselves.
I'm being very happy about this.
Honestly,
hyper liquid TVL and TVL obviously is important for like,
that was ironic by the way,
the big head founder trying to play higher.
Anyways, go ahead.
I thought that was funny.
You can tell I'm scared.
Was it 690 million on February 10th, and it's now at 270.
So their TVL has gone down a lot, which is like the money that's gone into it.
I actually like Hyperliquid liquid i had money on there yesterday
you know and i didn't really care about the eve stuff but like i all this is for me and this is
not really their fault they are gonna like people are gonna continue to try and attack them well and
rightfully so because they're scared of them right i'm not saying it's right to do it in order that
it's not criminal.
But you can tell Binance and Co are kind of worried about that.
$275 million or $250 million of treasury, right?
Yes.
And remember, their whole insurance fund, the whole point of owning hype, right?
They have an insurance fund which they make money from.
What have they been doing with that?
They've been buying hype.
So it's not like they have, like, if something goes wrong, we've got USD.
If something goes wrong with liquid, they're going to have to dump hype, right?
Right.
So I don't know, but I'm sitting there going, like, 275 million. It needs to be took down by jelly jelly.
Like, that's not that much.
It's hard to down by jelly jelly. Like, that's not that much. You can just go and do something.
And you can do 200 million plus trades on there.
A lot of whales can do unbelievable size of trades on there.
So it's more like if you were, I don't know how to describe it.
If any of you have traded futures, you're always aware of your liquidation price.
And think about the size that's coming through
hyperliquid and the size of of collateral that you can deal with that and i would say that it
started to get a little bit like i like hyperliquid i had money on there yesterday but the fact that
it can get taken down by by jelly jelly or could have been points to the idea that one thing could
wipe out 50%
of their
treasury here.
And the only way to save that would be
then to dump hype,
which they've been buying. And that's been the pitch.
Okay.
Okay.
We'll see. I mean, yesterdayZ was like retweeting shit like
do you guys see like also like is it his
girlfriend his wife that runs it
like commenting like okay
got it like someone's like hey Binance you can do the
funniest thing to jelly jelly whatever and then she's like
okay got it or like CZ was
because me too at first I was like wait are OKX and Binance
coming in to help out bail him out no it turns they I think they were trying to like you know to the
opposite but and then a lot of other founders came out again so you can tell they're genuinely like
kind of scared of that hyperliquid mindshare in a way I guess it's bullish for hyper liquid well that's one interpretation so this is this
episode is not closed i think that's the take we need to see their response and then
let this have some time to settle a little bit i know we're going to go
i quickly want to talk about this walrus news we've been talking about walrus on the show for
the last few months now you all know why their walrus token opened at 650 million dollar market cap 2.6 billion dollar
fdv this morning wow so again that token it's included in their decentralized storage ecosystem
payments for storage staking for security governance they're also going to have a
deflationary burning mechanism
um they announced a lost partner the cleaners source are coming over to help them launch a notable nft project from solana oh man huge day for sweet huge day for walrus i think this
clano is moving my expectations were high this this beat my expectations for where this was going
to come out no me too i mean i have said I mean, they've come on our show as show partners
and they're partners on the decrypt side.
So not on, less on the rock side,
but more decrypt because we're storing our data
and like the article stuff, as I've explained there.
And they're a good partner.
And they have a lot of big,
I mean, it's Missed and Labs, right?
So it's not like nobody's launching this thing.
It's like actually like really big team
and very respected in the industry.
I say Sui looks good. I mean, Sui also caught a good bit on the back of that, right? So it's like actually like really big team and very respected in the industry i think sui looks good i mean sui also caught a good bit on the back of that right um so it's good to see by
the market's bouncing nicely guys i like it 187 139 turn around thursday baby by the way the code
for robot today gamestop uh gamestop is the code so if you go to rafflebot.xyz rafflebot.xyz, rafflebot.xyz. All the details are on screen.
The code is GameStop.
You can have, today I put 10% chance to win a penguin.
Still put the punk too.
So we're being generous.
So come and try and win.
And then there was one more last thing.
Do we want to push the polymarket convo tomorrow, Tyler?
Just because it's kind of a big topic.
Yeah, we need more time.
We need more time for that.
We need more time for Ghibli.
Yeah, let's do that.
ChatGPT04. Damn, I actually have a call We need more time for that. We need more time for Ghibli. Yeah, let's do that. ChatGPT04.
Damn, I actually have a call with Uma tomorrow after the show.
Let's talk about the Polymarket News tomorrow.
Because actually, it's relevant.
I'm sure a lot of people want to know also how we would react to that.
So it's important.
And then also the Ghibli stuff is fun.
I have to say, though, I really like it.
I want to go deeper into that.
I think it's fun.
I was called out yesterday. By the time, I stuff is fun. I have to say, though, I really like it. I want to go deeper into that, but I think it's fun. I was called out yesterday
by the time I was called poor
for not paying for OpenAI,
Chad,
do you guys pay $25 a month for it?
Yes, we do.
It's a Starbucks bill.
I spend more than that
on coffee every week.
It's not a Starbucks bill.
Have you seen Bongo's meal
for $40?
I think 04 Image Generation is the
biggest zero to one moment since
ChatGPT launched.
Man, it was like a
ChatGPT maximalist.
That motherfucker uses it
nonstop. Of course.
It's amazing. I feel like Vanessa.
Vanessa uses it for
recipes, calorie counting,
all sorts of shit.
Health, wellness.
Like she's like always talking to ChatGPT like a year all day, like asking questions to the thing.
She's fully replaced Google.
I need to get to that.
I just started like last two weeks ago.
I wanted to do like my average Sonic buys because I bought so many different levels.
So I threw it all into ChatGPT and I got my average.
I was like, yeah.
So that was good
it's like if i bought x amount at that price x amount at this price and y amount on this price
how much is my average and i was like fuck yeah but um but yeah okay well i like the ghibli stuff
ghibli ghibli tyler messed me up so anyways yeah i i post on my little instagram uh like a picture
of me and my family from from pers Year in Ghibli-style.
I thought it was super cute.
I love the colors.
It's a good vibe.
I also got my office Ghibli-fied.
I'll show you guys.
I'll post it after.
Anyways, shall we get to our today's show partner, Jose Pereira?
Jose, are you ready?
I see your camera.
There he is.
There he is.
There he is.
Jose, Jose.
What up?
What up?
Good morning.
How are you doing today?
Thank you very much. Good morning how you doing today thank you much good
morning to all how are you we're good we're great thank you thank you for being here thank you for
being a short part of jose where are you where are you calling in from dubai dubai we'll be there
habibi habibi uh we'll be there um we'll be there in exactly actually exactly a month from now i
land in dubai for token 2049.
It's going to be fun.
That's amazing.
Yeah.
Yeah.
We're throwing a banger of an event.
I hope you're going to come.
We'll send you an invite.
Absolutely.
You got to be there.
It's going to be fun.
I think Ovi's going to be there too, man, though, for the rec side.
So that'll be good.
Anyways, Jose, we're not here to talk about Dubai.
No one to talk about us.
We're here to talk about you and Owen and what you guys are doing.
RWAs are hot. hot, hot, hot.
It's the number one thing TradFi is interested in, for the last report.
The number one thing TradFi is interested in real-world assets, which is really cool.
So why don't you give us a little introduction of yourself and what you guys do over at OWN?
Yeah, no, thank you very much.
My name is Jose Pera, director at OWN.
And what we're doing is basically solving an access problem that a lot of markets have too high quality assets. We've started with an exchange called FACET. We're regulated across nine markets. We have 220,000 users that already buy tokenized assets. NVIDIA stocks, Apple, S&P 500, bonds. And the reason is because in the markets where we have started
growing our user base um they solve a fundamental problem because in markets like pakistan indonesia
for example you cannot just open an account in robin hood um so the benefit that we have here
is is like i said it's more impactful than a convenience benefit that you have in more
benefit that you have in more developed markets. I think that in developed markets, there's a
developed markets i think that in developed markets there's a different thesis for lgb
different thesis for LWAs. The B2B proposition is completely different. But what we're doing is
that we are leveraging the distribution power that we've built over the years in the portfolio
of licenses to combine it with an infrastructure that's open for developers to build permissionacy.
And the mission is to become the go-to chain for real-world assets.
Wow. Okay. This is really cool. And so you guys are in L2, right?
And there's obviously a lot of L2s right now, Jose.
We talk about that a lot on the show, actually.
And so why don't you tell us, like, you know, obviously there's many L2s launching every month.
A lot. A lot of L2s.
What's the reason for the rwa focus behind yours it's the concentration of um the
rwa ecosystem so like i said we have an starting user base of people that are already interested
in buying and that is our funnel to defy so they started by the first stocks we send them to defy
where they can have more advanced yields more advanced products so you have all of the benefits of composability um our chain is built in partnership with with
Arbitrum um and Gelato um and what we want to do is basically unify the whole user journey from
your local currency called your Indonesian rupiah all the way to your most advanced um
let's say the DeFi product having everything into into one seamless user journey
okay okay interesting this is good when you guys lost this we haven't launched yet so we're gonna
have our tested up in three weeks and then that's when we're gonna have an onboarding for developers
to to come and start integrating but we plan to launch our mainnet after summer.
Okay, and you guys work with Arbitrum, nice.
Yes.
So you're like an Orbit chain?
Yes, exactly, Arbitrum, Arbitrum Orbit.
So right now we're settling trades on Arbitrum.
All of the trading volume that we already have in Facet
is going to migrate.
All of those assets are going to migrate to our own chain.
So that's one of the reasons why we're launching our own, because we have that
starting volume, starting user base that we can leverage from day one.
No, I totally get it.
Shout out to Arbitrum, good people out there.
So obviously RWAs, I was saying earlier, because I just read a report from Paradigm
I've read a report from Paradigm that the biggest sector that satisfies most
that the biggest sector that satisfies most, the number one.
interesting, the number one.
So why do you feel that OWN is in the best position to make our
WAs on-chain a reality?
Why you guys?
Yeah.
So that's where you see that we see incomplete solutions across the
spectrum.
And that means that you have industry trade-offs.
You have some that specialize in one thing could be the regulatory, others are to be open but you cannot have all of these in one what we're
doing with the integration of own and facet is trying to provide the complete solution which we
think um is actually the the real solution so if you look on the left you have ones where you need
to sort out all of your licenses as a builder. Whereas, and it's difficult to have the
openness and the regulatory. So you have other players like, for example, security, plume,
and have high specialized tech, but licenses are more focused on certain jurisdictions. What we
want to do is, is have the broadest access tech, the distribution with facet. Yeah.
And the accumulation of builders.
Okay.
I see.
So how can people like anyone here listening to you today get involved with OWN?
Like, cause obviously you said you haven't launched yet.
So when something has launched, there's usually an opportunity for players to come in and
do something, you know?
Yeah.
No, we're looking for anyone that is aligned with their vision.
If it's a builder that wants a regulated path to distribution, we're looking for anyone that is aligned with their vision. If it's a builder
that wants a regulated path to distribution, we can facilitate that. Our infrastructure is open
to all the builders and on a case-by-case basis, we can leverage a portfolio of licenses
through integration with Facet. So I think our main priority right now is connecting with all
the devs and builders in the community, building something in RWA and any community members that would want to be part of our token launch eventually, that would also be the people that we would love to connect with.
Okay, so you hear it here first. There's also points on there. We love points. We love points over here. So there's definitely a place to farm and stuff.
Last question for you, I guess, is like, what excites you most about being in all this?
Like, what do you see the future for you guys?
Well, sorry, can you repeat that, please?
What excites you the most about what you guys are doing?
Like, what excites you most about what you got coming up?
Well, we're seeing our numbers grow on a monthly base.
So we're just excited about seeing real adoption, real assets.
I think that you were talking before, there's a change of sentiment in the markets
because there was a burnout from all the speculation,
like the normal market bubbles that we see in crypto,
the assets that were not backed, the things that happen with main coins
that I think that people are waking up to investing in something that is backed by assets that are actually productive.
And so what excites me the most is that we are we've been building this for the last five years as facets.
So to have the narrative actually catching up on the value proposition that we bring by connecting these assets to blockchain is is what excites me honestly
okay i love that yeah we love our was tyler's always reporting on how much money is on there
and everything so definitely a lot of stuff to uh to to get a lot of alpha so check him out
it's iown.xyz nice domain as well iown.xyz you You can follow them on own underscore xyz, own underscore xyz,
iownxyz, and get involved, y'all. I mean, this is another opportunity to farm something,
something that's about to launch. Looks like there's a lot of launches coming up this year.
So this is another good one. I see you can even win a gold chain. Love that.
There's a lot of different opportunities here to get involved. Jose, thank you so much for
partnering with us today, and thank you for coming here.
Best of luck.
Thank you so much.
All right, brother.
Have a good one.
All right.
All right.
All right.
So are we ready to win?
Are we ready?
Wow, this market is back.
I love this.
I like this market, boys.
I'm back in pretty bigly.
And so I look a little more.
And every time, we've been defending certain I'm back in like pretty bigly. And so I look a little more and like every time,
like we've been defending certain levels pretty well, boys.
Like even Bitcoin stole everything.
I like that.
Give me that 89K by Friday.
Oh shit, the Myriad line.
I forgot.
Let's check out Myriad for a second before we get to these things.
So shout out to the poker tournament that happened yesterday. So Mendo,
by the way,
by the way,
Keyword Monkey did win the market.
Just started to tell you, but hold on, hold on
before you laugh. Onsen won the most.
So he came first, KBM second, and your
boy third. So I know you were laughing
and saying, oh, did you even play poker? Motherfucker.
I came third, and I make money.
Nice little $3,000 payday for your boy.
So that was not bad.
It was like 25-30k
at hand.
So KBM beat me hand one. This is where he won.
First hand we get in. First hand of the game.
I'm nearly all in.
Half my stack. I get a king high
flush.
And he still manages to beat that.
With a king
over sevens full halves pretty wild right
that was like that was the hand i thought that was crazy uh yeah comeback of the year i know right i
had 100k tokens left i left with 700 000 that was pretty big i think jintao lost like 1.2 million
pengu but we're gonna run these back a lot you guys should play nice you guys play poker
about a little bit of poker not not for a while whatever it's very popular in my um in my trad
five days yeah of course ty you play a little poker uh i'm uh i'm a fish i'm gonna run over
by the guys i'm a fish too though and there's a lot of sharks at the table i just play you know
i just put your balls on a table you know i mean the code isStop. So let me go through these myriad markets for a second.
So give people another minute to put the code.
Raffleball.xyz.
The code is GameStop.
So, boys, this market is very interesting.
It's got $55,000 of volume.
I'm not going to lie.
The yes at 13%?
8 to 1, yeah.
I mean, 8 to 1, we hit 89.
Mando.
I don't know about that, but
only 13% of people
have Bitcoin priced above 89,000.
That is mispriced.
Oh, by tomorrow. Where is it now?
87.2, bro.
Yeah, that's mispriced.
2%? 2% moving
Bitcoin is a yeah is that 13
yes for sure also like you have to remember that a lot of options this is a really good day to do
this by the way because uh this is a call to end a call to end means that like a lot of options
expire so you get like and it's a friday right so you're gonna get like billion i don't know what
the figure will be but i reckon you're you're talking you're going to get like a billion. I don't know what the figure will be, but I reckon you're talking,
you know, and you always say, is this a big deal?
It'll be a big deal tomorrow.
There'll be billions of options that expire, I think, tomorrow.
Some may have expired on the 20th, but the majority will expire tomorrow.
Damn.
You're going to double down.
So that's not, yeah, I don't think that probably takes into account that level of volatility because i imagine a lot of them are probably
set around 90k yeah i don't know man all right i i i if i was putting money on this market so i i
can't really at the moment like actually do it uh if i were to do this i mean
you guys know me i also like to gamble a little bit but um but 89k i am positioned now for okay
what you like to gamble a little bit yeah you like that i'm like top five on the earlier board
i can't post oh there you go um try boosting no fucking boosting my post i don't
need to boost my post everybody go retweet my shit um but um we're nearing a million dollars
of volume a myriad so we could you know use everybody's help that's fine i do love to
gamble man though i'm cooking though like literally like i'm just fucking you actually have a pretty um
yeah you have a pretty diligent strategy.
You've gone more defensive in your trading strategy.
I've grown.
And then when you get that flutter, you just kind of go on and do a little flutter.
I think that's probably good for you.
I think that's probably good for a lot of people.
It's helped my edge a lot.
I do play a lot of blackjack lately.
I'm not even going to lie.
I played a little this morning.
I played last night.
I play a little bit every day.
But if I lose, I lose.
I have a daily budget. And if I win, i win i win but i cash it all the time and it's taking me away from the trenches which is amazing and i just let my spot right so i'm
all spotting i'm all i'm spotting it right you like actually you put it straight to the spending
so since in canada gambling is non-taxable. Exactly, right? Every dollar is a whole dollar.
So I put it directly in my crypto credit card.
So I don't even cash it out.
So it goes directly in my crypto credit card.
Or I can give money to my mom type shit.
You know what I mean?
Like stuff like that.
And you tell the Canadian tax authorities, then you leave, you know?
Yeah, that's it.
And it's real.
I mean, you know, I get my, you know, Yeet and Robit or whoever can get me a little statement of my winnings.
You prove it.
It's real gains at a casino.
So, you know, so.
Surely gambling in Portugal is also not taxable.
Incredible.
That's amazing.
I, you know, listen.
Unless you are a professional gambler.
Same here.
Unless you're professional.
I'm not a professional.
I'm a professional media company founder.
And I gamble on the side.
You know what?
As am I.
Anyways, check it out.
But also, Tyler, we have the Fear and Greed Index.
Over or under 45.
March 29th.
Where is it at?
Right now it's at 40.
Ooh, it's going to be over today.
Look at this chart, boys.
Look at this chart on the fear and greed.
What do you got, Tyler?
I don't know.
I feel like people are afraid right now.
I think I'm on the...
I think I would be on, well, at 65%.
The lines are kind of correlated to a degree.
We have more time on this one.
Yeah, one more day. It's 89K. We have more time on this one. Yeah, one more day.
It's 89K.
We'll probably go back to 45.
But then we can sweat.
Yeah.
It really reeks of bits on our timeline.
We're in this weird phase where people are not scared to go risk on risk.
Just go fucking risk on and wait.
We're just down if you're spot.
Every major bank just revised down their S&P 500 price targets for the year.
Yeah.
That kind of spooks some folks.
well.
well,
let's give away some money.
How's that?
And then we'll talk tomorrow.
I really want to talk about the stuff going on.
All right.
Who wins?
Solana Zai. Solana Zai!
Solana Zai!
Is that a sticker?
Queens are protected!
Solana and Zai!
Two of my favorite things!
All right, Solana Zai.
Consultant, Advisor, Web3x, Mintify, Crypto Skulls,
NFT Now, Master Lab, Super Team.
Super Team and Solana Maxi.
Solana and Zai, I like that.
How you doing?
I'm assuming you're doing well.
I see you on stage.
How about we give you some money right now?
How about we give you some money right now?
I saw a man's comment from earlier.
All right, Solana and Zai.
I see you.
I see you sending me.
You don't have to speak.
Don't worry.
I see you sending emojis.
You're good. Oh, you're here't have to speak. Don't worry. I see you sending emojis. You're good.
Oh, you're here.
You're here.
Don't worry.
You don't have to unmute.
You're good.
You're totally fine.
You're totally fine.
Oh, GM.
What's up?
Are you ready to make some money?
I...
Bud.
Wow, you win a red guy.
I hit click by accident, and you won a red guy.
So I love that. I love that. Congratulations, Solana Zai. You just won a a red guy. I hit click by accident and you won a red guy. I love that. I love that. Congratulations.
Solana Zai, you just won
a wonderful red guy, which red guys
are actually doing very good right now because Ovi's
cooking. I really want the new
abstract
drink.
I find the new model interesting.
You can just drink things.
It's an interesting one. Anyway, Solana Zai,
congratulations. You won a red guy guy tyler i will see you tomorrow morning
10 a.m eastern standard time for another episode of a more on rug video let's go Thank you. .
