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THE DAILY ALPHAβ»οΈ
Recorded: Aug. 1, 2025 Duration: 1:10:15Space Recording
Short Summary
In a dynamic crypto market, recent macroeconomic developments, including potential Fed rate cuts and regulatory easing, are driving growth and trends in the space. Exciting project launches, strategic partnerships, and significant fundraising efforts are setting the stage for a vibrant August, with traders positioning themselves for upcoming token launches and market movements.
Full Transcription
Thank you. Thank you. Yo, yo, yo, what's up, what's up, TGIF, happy Friday, it's the first of the month, August
is here, couldn't get here soon enough
Yesterday was a pretty volatile day
Past two days have been pretty volatile
We go up 4,000, we go down 4,000
We go up 4,000, we go down 4,000
Yesterday we brought up the Bollinger Bands
Being tight
And something's possibly going to happen
I predict we're going up
You're wrong, bro
Yagi was right
Yagi was right Man on that shit bro man i think it was what almost a billy liquidated in the last um 24 hours
yeah there was some good news though yesterday obviously we had the
a lot of uh macro stuff with you know the sec kind of um untightening the regulation i even saw some uh
if you read the documents actually trying to open up airdrops to u.s citizens is on the board
uh so there's there was a lot of macro news we did push up at the end of the show
um but we flushed and it was uh you know expirations at the end of the month
and then also just trying to tariff news too i mean
today was i don't know if you saw the new rates but new rates on tariffs just dropped uh some
higher than what were even agreed to quote unquote or proposed uh when we started this shit right
i think like switzerland was at 30 it got put up to 39%. I think India got hit with a 25%. And so just that adjustment. But also on the lower end too, I mean, he lowered the base tariff from 15 to 10. So I think that that's also, as long as you came up to the table and, you know, there's nothing really major that we needed from you. You got just the base level 10.
Yeah, at the end of last night,
people were looking at the four-hour candle.
If that closed above like 118, 700 and we failed to close that on Bitcoin
and a lot of people were like,
oh, this is neutral to bearish.
And then there was some like non-farm payrolls
that came out and just a massive correction in unemployment.
Did you see those numbers, bro?
Those numbers aren't off by like a little bit.
I mean, we're off by over 100K.
Yeah, Kobayashi Letter said, this is insane.
We must receive some massive downward jobs revisions.
May's job report was revised down to 125 000 jobs from 144 that's uh plus 19 19
000 june's report was revised down from 133 000 to 147 000 that's 14 000 that's 280 or 258 jobs
that just vanished uh from data in the last two months 58 0008,000. Yeah, 258,000 jobs advantage. So this is basically, it's bad news, but it's also good news because what do we need?
We need bad data.
We need jobs to be banishing for Jerome Powell to actually get off his ass and do something,
right?
So this is going to lead to more and more probability.
Yesterday, we were just kind of talking about how people have been positioning themselves,
thinking that it might be an October or December rate cut.
And now with this data, with jobs vanishing,
the craziest revision ever,
we have basically fed rate cuts for odds for September
are now at 70%.
Just yesterday, these were at 39%.
So we're looking
at yes we got bad news uh with jobs and payroll and all this shit but now we're moving that we're
basically almost guaranteed i think well yeah it's just what we talked about yesterday remember
like the rate cuts aspect these aren't something that you do i mean it's think of it as just like
lighter fluid right i mean if the fire is good and blazing you're not going to go in there and just spray it
on you know how quick it it fades away right isn't that's what the issue with lighter fluid is
so that's another thing too i mean you had to wait till there's no fire till shit's not good
and then you use this as a as a remedy and so this is just kind of confirming that to where things sounded great, but when you
have a quarter million jobs just vanish, right, over these last couple months that were supposedly
here and they're not, that makes things seem as if it's not as good as it seems, right, or it's
being at least presented to us. And that's ultimately, unfortunately, what's needed in
order for them to start, you know, issuing out the band-aids and providing relief.
Right. This is a relief tactic. This is let's reignite the fire, not the fire's hot. Keep it going.
100%. So I think there's three more. would just be added lighter fuel to the market.
Right. And this is kind of what people have been speculating.
I think yesterday was a big day and it just kind of shows and informs what Trump's been saying that Jerome Powell's too late with all his decisions. And so
obviously Jerome is looking at lagging data and was lying and saying that the job market's nice
and that inflation's heading to 2%. Inflation is gaining. We're getting more and more inflation
and more and more people are losing jobs. So yeah, I mean, if he was looking at this data
at the FOMC meeting on July, there would probably be a better chance of him cutting rates,
but he's obviously going on lagging data.
So it's just big news.
Yes, it was bad news, but that's kind of what we want.
And if you've seen in the past,
one of the biggest indicators that the Fed always uses is unemployment.
They use that more than inflation.
So if you can get a lot more jobs vanishing,
that gets them off their ass more than just the inflation.
So I do think we're probably going to get a September rate cut.
And the fact that that's there, now you're going to have people speculating that it's going to happen
and probably get traders that are so forward thinking, you know,
positioning themselves for this announcement sometime, meaning starting now or maybe starting mid-August.
So I do think if we were looking at maybe a possible rate cut in October or November, we might start, you know, capitulating here, maybe going sideways and down we'd be you know on that 50-day uh moving average right i mean
we did the complete opposite yesterday we full flushed went down touched that box more or less
closed the gap and now it's uh it's free range again right it's not like you're forced to at
some point revisit this and so i think that that's one of those things too it's we knew we had to come
here at some point right i mean we thought it was just going to go the opposite direction because revisit this. And so I think that that's one of those things too. It's we knew we had to come here
at some point, right? I mean, we thought it was just going to go the opposite direction because
we were at 18, made sense to go to 20 and go up. But I mean, that wouldn't have been actually max
pain. I mean, this seems like this was max pain, right? So went down and closed the gap. So I think
that that also at least gives some type of forward thinking if you are trying to be uh front running
the market or progressive there's nothing looming over your head anymore right and that's what was
looming uh yeah we can move yeah we can rip but there's a cme gap that at someday some point
something's gonna happen and we're gonna close it yep so that was that we got that fundamental
thing out of the way we don't have to worry about that anymore. And so now we have our size reset.
Everything that was overbought is now oversold.
We have less people leveraging.
We have more people that are not defending, like trying to push down the market.
And then now we have this nice little shiny object of a rate cut, you know, dangling in the front of our face in September.
So I do think August is typically just kind of like the dog days of summer.
People are going on their final legs.
Maybe this isn't like a great retail market or great for things in general,
for projects popping up, but for just institutional day trading,
I think we could chop and maybe once we get into the middle of August,
maybe at the end of August,
we start seeing us trying to break all time highs again.
So I think maybe you have about 15 to 20 days, maybe two to three weeks to start positioning yourself into these next phases.
And I think, you know, September will be pretty beneficial with this first rate cut.
And then October, November is kind of last two months of this four year cycle.
So, yeah, I think it's still survive, right?
I mean, we have these glimpses and these injections of,
let's just say, euphoria, momentum, money.
Those are taking profit opportunities,
taking some off-of-the-table opportunities.
And, I mean, the game is still survive, right?
And so I think that that's ultimately,
you'll know when silly season's here,
you'll mint fucking the most piece of dog shit.
And, you know, whatever.
It's worth $600, $700, right?
You'll know when Risk On is here in retail.
Like, it's not one of those, oh, I've never been, I don't know.
Yeah, you will.
You will understand it.
You will definitely know.
I mean, look at just the Pump Fun announcement, which the retail chain Solana.
We're having some, I had some of the most engagement on my post during, and on my live streams during that day. And that was the top, you know, and you just
go search the social metrics. You can definitely, if you're here every day, you can definitely tell
there's an influx of new people and the space in July was a great fucking month. It was historic
month for investors. The NASDAQ composited, reached over 14 all-time highs in July, the most for any July on record, according to Sentiment Trader.
That's double the total amount of 2024 and surpassed the previous Julys set in 1977 and 1997.
At the same time, the S&P 500 reached 10 all-time highs last month.
Historically, only two years have we seen many highs during july year to date the s&p 500 has
posted 15 all-time highs in the second strongest year since 2021 which was the last time we were
parabolic and behind 57 highs set in 2024 so just in general we were running super hot in july
like super super super hot in july so it would definitely be fundamental for us to kind of reset here, go a little bit lower, and then continue on higher in September.
So, I mean, just coins in general were going crazy.
Like I still looked at the month on the top 100 coins.
Bonk is still up 86% in the month.
We have SPX up 33% in the month.
Athena up 126% in the month we have spx up 33 percent on the month athena up 126 percent on the month pingu
still up 128 during this downturn i mean even the last hour we're starting to get a nice little
like bounce here spx up one percent bonk up 0.9 percent s sonic up one percent on the past day
there's still some green so just in the month just like
zoom out stop getting on the five minute candles and trying to predict which way this market's
gonna go if you're zooming out we had one of the best months ever nothing goes up forever
if we had to go regress to the mean a little bit this is an outlier month we go back to the median
go around 110 to 115 and then start our next our next journey up. So this is all this is all part of the process
Don't get shaken out. I still even uh, let's just say even the worst and the deadest
Of ecosystems so to speak, right? I mean dude ordinals are fucking green as shit like it's christmas
For the month and I mean that's crazy work, bro
It's been a downturn for I would say six months, right?
We have one-offs, but to have a whole, let's just say ecosystem on a bigger timeframe, you could see recuperation,
right? So I think that that looks good on that sense, right? And you can just go put it on the
month, same thing. ETH JPEGs up most of them, 20, 10, 15, 30%, thousand percent thousand percent right so it's just stuff like that that
i mean there is some type of relief coming into the market uh we often forget that our face is
so fucking close to the monitor and we feel every move um but at the end of the day like overall it
was a good month right if you over traded you over traded you analyze that you figure out what needs
to be done set up for the next month like these are learning experiences not for you to sit here and oh what was me or pity
party or whatever right so i still think there's plenty of juice to be squeezed make sure you're
just locked in and understanding the game that you're playing right i mean make sure you're
squeezing juice bro stop collecting oranges and start squeezing some juice dead ass i got one more
chart and then we'll just move it along say what's up the shotgun real quick but august begins today and historically that means all
coin season begins as well and if you look at this chart it's just showing you that august 1st
in 2021 was the start of the uptrend we had 128x on the all coin market And if you're looking at the same August 1st in 2025,
it's a potential 2.6 trillion altcoin market,
which would be 162X.
So it would be a shame if you guys left now
for the doors when we're right at the start
of 126X on altcoins,
which is probably the majority of our bags, right?
That's why we're so pissed off all the time.
Bitcoin goes down 3%.
Our altcoin bags go down 20%. but if you look at this uh chart that is uh has a lot a large
sample size goes all the way back to 2018 august 1st of 2017 bro being a smart investor is just not
fun right i mean what are you gonna you're not gonna log in every fucking day on twitter if
you're just buying bitcoin spot you know, and that's it.
Yeah, I'd like to bring up this chart because it's basically all coins is basically why people are here.
Right. And this chart is from 2018, August 1st of 2018.
We went all the way to the end of the year.
That was an 85 X.
August 1st of 2021 we went 128x august 1st just started now 2024 potential uh if you're doing
the math uh a higher high would be 162x which would be bigger than the last altcoin season so
this is why you stick around when i was saying like this is why you stick around on red days
this is where you get the entries it's not not where you sell, it's where you enter.
And if everybody's just gonna come
and show up on green days,
you're going to miss the tops
or you're gonna miss better entries
than you're showing up today
and you're understanding
what's actually happened in the market
and you can get better entries into this market
than buying five or 10 times higher
when everybody comes back,
when the views come back.
So you guys are doing right.
You guys are here, the people in this space, you understand what's going on. The people that are
tourists, those are your extra liquidity. Those are the people that don't understand what's
actually going on. Only show up when there's actually enthusiasm and actually when the
timeline's buzzing. These are the times where people make money. This is where people change
their lives is when they don't give up, when they're basically at the precipice of one of the biggest altcoin rallies we've seen since 2021. So just wanted to bring that up.
That's probably the most pivotal chart right there for us because we're not, none of us are
invested in Bitcoin largely. Most of us are probably holding NFTs and altcoins and we're
basically at a hundred, you're at a potential 162 X away by the end of the year. So why give up now?
It's like, you've seen that meme of that guy that's digging underground,
and he's digging, he's digging for the diamonds,
and he turns around right at the edge where he's going to crack the diamonds.
That's where you're at now.
You're turning around, leaving, because August has started.
It's a dog day in the summer.
But this is where you're about to crack the diamonds
and get that generational wealth.
So don't give up.
Everybody here.
Don't stop clicking, headass.
Yep.
But shotgun, how we feeling, my guy? How's everything going? How are you feeling in the market? generational wealth so don't give up everybody here don't stop clicking head ass yep but shotgun
how we feeling my guy how's everything going how are you feeling in the market are you ready to
give up are you ready to double down and make this a good end of the year my guy how we feeling
yo what's good guys uh thanks for having me by the way uh i'll just say for me, I didn't have a good couple of weeks trading.
I'm not down crazy, but I'm kind of at that point where I make a little bit of profit, then I lose.
Then I make a little bit of profit again, then I lose.
And I'm kind of just staying at around the same range.
So I'm definitely not leaving.
Not right now.
I actually was talking to hunt just a few minutes
before hopping in here and he was like dude things are so fucked there's gotta be a runner today and
i kind of feel the same way because it really does feel that every time that things blow down
and everybody's like panicking on the timeline and like oh my god it's so over uh we just get
like a crazy fucking runner out of nowhere.
And it's something like completely random
that nobody was expecting.
So I kind of feel like we're there
and I'm definitely doubling down, man.
Definitely doubling down.
I'm also really excited that it's finally August,
not only because it's my birthday this month,
but because of abstract, right?
We've been seeing all those team members teasing, like, abstract August, abstract August.
And there's a ton happening on abstract this weekend.
And I've been having a ton of fun.
I think the UI, UX on abstract is really unique.
It's something that makes me want to go back every single
time so yeah man i feel like we're we're like about to have a great month ahead and uh if you're
quitting right now don't at me unfollow me uh block me uh don't don't don't message me don't
what tap me don't fucking yeah yeah don't look at me. Just just leave, bro.
I agree, dude. Like, I want a runner, too. I think you're right. And a lot of the runners are meme coins.
I would love just a goblin amigo kind of fucking run right now. Just like, can we get it? I know we had chiller.
That chill house one, bro. I think that that was actually I mean, that went from literally 0.25 to a thousand.
Yeah.
Over a grand, bro.
And I mean, and you had people top blasting at a, at a grand.
That's the difference too.
It's like, are people buying continually buying at these rates and those show houses?
I think you had the magic Eden guy, right?
Buying at literally the top was top blasting, uh, to grab a PFP.
The art was well done. So it's one of those that's
like, that was it. Unfortunately, market conditions kind of turned it down. But I mean, it is still
trending. It's still there. The attachment to a coin, though, I think it can be one of your
biggest strengths, but also one of your biggest limiters, right? Because ultimately, people will
be like, well, I can get bigger Xs on the coin.
If the PFPs are running, then I'm going to buy the coin instead. And now you're kind of one holds back the other and you got this back and forth, right? Versus like when you were saying
like a Goblin Town, a DigiDiaku or something like that, right? Brand new, no attachment to anything.
It just runs as if it goes into price discovery because no one knows what it is or who the team
behind it is right so i think that that's one of those uh elements of success when you go into the
jpeg mints nothing hits like nfts like i mean i love entities but like even like mike novogratz
changing his pfp to anakamigo only sent it from 0.14 to 0.18 0.19 0.12 so it was like 0.05 profit if he would have bought
like as soon as he bought and then we had uh the minis the mini art ones x copy was shilling that
shit i mean it was a great mint it meant it for 19 bucks but it went from like 0.019 up to like
maybe 0.03 so we're really not seeing the enthusiast like these nft like
influencers really pumping the floor right now so i just don't want to think people that are interested
on like things that are on other chains like i think the chill house one and it's kind of like
why solana succeeds is it's very fast and it's very quick to get in and out like those nfts as
as quick as they pump they're they're dumping too
like they're they're three they're at five they're at seven they're back at six they're back at one
like they're just they move just like the coins and it's a very liquid market compared to have to
pay for gas and having to fucking hold this shit you're like oh i just paid 30 bucks for gas i mean
i'm 30 i'm already minus 30 we need attachment i've been trying to find one like
there's a service that i use on telegram that gives me um just that's minting on eth but when
like that's another one of the bigger factors that i would say that's different from last cycle i
mean last cycle you had these tools that would showcase everything going on it would make it easy
to participate right it wanted degeneracy to occur
like now we're not even really enabling the degeneracy and then it's never on the nft side
it's always on the coins right which i think now is is funny because it's like oh something major
happened like that gorilla versus man yo last cycle there would have been an nft collection
and the man right would have been worth like or
the gorilla that the one gorilla out of the 10 000 man would probably sold for like 10 e and
then everybody else would have been stuck with men and just you know would have died now you have
that same experience with coins ideally it's the same shit just one doesn't have a picture attached
to it and they trade on a different market right on a contract level more or less i mean they're
damn near the same shit and i think that that's the interesting aspect too it's just about matter
of presentation like presentation sorry not presentation but yeah presentation yeah i mean
abstract august we've been you got chris on the show a while back basically possibly some kind of
xp campaign so i can you oh he left i was was going to kind of set him up for asking him to get him back up here.
I was going to ask him just, you know,
obviously he's bigger in Abstract than other chains
and kind of want to lean on him.
I'm in Abstract too, but not nearly as much as Shotgun is
or these other people.
So Shotgun, I was going to ask you a few questions
just about Abstract August.
I've seen Fug's kind of pumping, NFT's pumping.
There's a new game, the
Pirate Nation game that's live. What are
some things that you're looking at for
Abstract August that is kind of a you
think is kind of under the radar that
needs to be like kind of promoted and
get people to know what's up with that
because I do think there's possibly
going to be some announcements for the
TGE and possibly some campaign
campaigns to actually multiply your XP.
So what are you looking at in abstract
since you are over there and that's kind of one of your main chains that you've been kind of
focusing on brother yeah dude absolutely uh i actually just pinned up a post above from merhab
uh he's a friend of mine he's really like tapped in on abstract as well and uh sorry if i couldn't
uh pin like if you guys want to unpin that's cool like i don't want to be an asshole my bad i didn't
ask before no you're good bro as long as it's it's beneficial to the space
we're here to learn so share it all no man absolutely so i will say uh he kind of made a
list right of some of the the coolest things happening on on abstract this month uh some
people are speculating that the TGE is coming,
but I really don't think that they're going to do it right now.
I feel like it's going to take a little bit longer.
Maybe I'm wrong.
Maybe I'm right.
But I'm just trying to get my tiers higher before they actually do that.
But not sure if you guys remember that NFT collection that cooked really hard called Monsters.Fun,
which is kind of like Pokemon, but an abstract.
So they're actually launching the game this month.
So it's going to be interesting to see how that turns out.
We also have Proof of Play and Retroland, both launching their own arcades.
So we're definitely getting a ton more new games on Abstract,
which, if you guys are trying to farm some xp that's definitely
uh one way to do it is proof of play the same people as pirate nation or like is it all the
same company because that's the one that ico uh got on right correct correct that's the one that
uh ico got on and it's the same one as pirate nation but they're launching an arcade so there's probably going to be more
games involved in there um we also have frankie go which is the game that jonah uh is working on
uh they're kicking off the season two which is also pretty interesting and uh also what what
really just happened and a lot of people got really excited about is the XP boost for memes and social
IPs, right? So right now, even if you don't want to be clicking buttons every day on abstract and
playing these games and doing all that, you can just buy verified memes. So like if you're going
to buy the meme, check if it's like verified on the abstract portal. And just by holding these memes, you can earn passively XP.
And just so you guys have an idea,
before the update,
I used to get like 5,000 XP every week
just from holding the meme coins.
I'm not counting everything else.
And after that update,
I'm getting around 15,000 XP.
So that update was pretty much like a 3X on whatever you're holding.
So I would say that right now is a great time to get on the abstract,
even if you don't want to be clicking a lot of buttons every day.
But just holding bags in there could probably be a play, you know,
to get some tokens on TGE.
Yep. be a play you know to get some some tokens on tge yep and obviously i've been suggesting people getting into like the top like apster and nude and gunner and all the and respa those are kind
of the ones that i was recommending and obviously the nfts like fugs final bosu bugs is up to like
0.07 or some shit dude i don't know it's yeah they're like 0.08 actually almost 0.1
yeah they're fucking cooking so it's definitely you know we kind of have chris on here at the
end of july i think mid-july kind of gave you guys alpha definitely recommended inside the discord to
get in some of these uh and then shotgun just gave you proof of a concept here that he's actually
gaining more xp by holding these so probably I mean, you could trade the token yourself,
but you're also gaining on the other side, some kind of a token allocation,
which is, you know, the XP rewards too.
So I think that's kind of the alpha man,
especially if this starts getting promoted more.
I know we're at the 1st of August.
If there's a bigger announcement of this,
I know Finn's talked about abstract August.
If there's a bigger widespread ecosystem announcement of this actually going on you're going to see floods and floods of people on top
of possibly them announcing their tge you're going to get people that have missed this that are seeing
this last chance opportunity to get as much xp they're going to flood into these memes and these
nfts to get exposure and try to get this you know squeeze this last lemon juice out of this lemon so
go ahead shotgun Shotgun.
Yeah, man, I just wanted to add to you because I've been keeping an eye on them
and maybe I shouldn't even be talking about it
because motherfuckers definitely going up front run me.
But I'm looking at those little pudgies, man,
and I really think that it could be a play here
because those of you that don't know, like they do give you multipliers on abstract.
And they're still at a 1.6-ish floor.
And I really feel like people are sleeping on it for a bit
because I think when Pudgies pumped,
they didn't really pump as much as the big Pudgies.
So I don't know.
Like I'm just asking myself if it could
be a play but i was gonna ask what do you guys think like little pudges at around 1.6 like
grab two rods instead
what's like do the drugs give you uh multipliers as well chief do you know that
multipliers for like the abstract xp yeah yeah i i mean i would assume so it's a pudgy asset
i don't know how big of a multiplier but you'll get i mean one it's two assets versus one so you
can in a sense sell one keep one ride one make better decisions in that sense right um and then
two rods are the one and only i mean i've this here, that's the only item in the ecosystem that has absolutely nothing, right? No one's ever talked about them knowing nothing. I mean, their point is to license your pudgy, right? You need a rod in order for you to be able to license your big or your little.
you're big or you're little. Other than that, that's it. There's no in-game utility. There's
no world utility. There's nothing. I mean, it's a dry-ass asset. Luka has already confirmed,
right, that something's big is coming for the rods themselves. So, I don't know. If you're
looking at undervalued pudgy assets, two rods is still cheaper than buying one little. And then I
think in terms of just long-term play,
it'll play out a little bit better that way.
So I would just put it in that sense of
if you're looking at the eco, I would go rods instead.
I don't think that pudgy littles are a bad choice, right?
But I just think that you're in a sense
kind of one, limited on upside and two,
you already know where the littles fall in
on this ecosystem, right?
I mean, they are the second collection of bigs.
We don't know what rods do.
We don't know where rods are going to fit.
We don't know anything.
So just something to keep in mind like that, right?
If you're going to play on the speculation aspect, these still have full speculation,
can run just because no one knows what they do, right?
So you can sell the rumor.
I don't know.
I see a lot of verticals on that end well the speculation i'm just saying like the speculation is also makes it
a lot more riskier because if there is no announcer you're gonna see him jumped all
all hell i think little pudgies is actually there hasn't been an announcement and it's never been
done well i understand but if there is no announcement of anything that you're speculating
on they're gonna go back down in price.
But they've never gone up.
My point is they've never had an announcement and they have the same price.
So not getting an announcement doesn't change anything.
You're in the same position that you're in.
People are speculating that it's the OpenSea, Airdrop, all that stuff, right?
And that's just speculation.
None of it's confirmed.
So I understand.
I believe ROGs are definitely a play here.
It's definitely like it's a beta play.
But if you're asking like what's a safer bet,
like, I mean, obviously Little Pudgies
established themselves at 1.6.
And if there's any announcement of XP,
it's probably definitely going to go to Little Pudgies
and they'll probably pump off that announcement too.
But it's a lot more expensive of an asset. i i could see where you're coming with it in general
like as an investment you want to get into the speculative the most as a trader it is the highest
upside lowest down so trade you can do with your money that is the biggest bang for your buck i
mean if you guys want to add all these extra xyz and astrology um the fact that it's never had an
announcement and holds the floor it does it's never had an announcement and holds
the floor it does means that not getting an announcement doesn't change where we're at.
And it can only go up. Like that's what I'm trying to say. There is no downwards pressure
when it's at the same point. Now, can speculators pump this and drop it? Yeah. But in a sense,
like its floor is 0.4. It's been there for the last three years.
It's up now at a 0.6, so yeah, you can lose maybe 0.2,
but it's already had a pre-established floor.
Do you see what I'm saying?
That's just how I see it as higher upside.
I mean, other ones are more expensive, more bang for your buck,
and you go into a different, I guess, thesis and theory.
But if you just want money-wise, wise i mean that's the best money wise investment
and that i'm not trying to bug your bed put your bags i'm just trying bro i could care less i got
my entry at so cheap that i could give a less i'm just trying to put people on a trade because it's
logically the best trade for that ego yeah and obviously if open c comes out at luca bought it
Yeah, and obviously if OpenSea comes out and Luka bought it,
you'll probably see it go a lot higher, right?
And kind of suggesting that OpenSea needs to add ordinals.
And Udi, basically, maybe it wasn't Udi.
He kind of saw the comment.
It was Mrs. Dolly was talking to Chris Mattern, which, man,
he's a great resource for just kind of figuring out what's going on with OpenSea.
He basically pretty much confirmed perps trading coming to OpenSea. man he's a great resource for uh just trying to figure out what's going on with open sea he
basically pretty much confirmed perps trading coming to open sea and then uh he basically
responded is that the guy that was talking to you yeah yeah he's good at like just giving out
information bro he's the one that had all the the leaked document he basically of the spreadsheet
of august is going to be huge for open sea says any plans for os to support ordinals it's very much in discussion udi is the goat and help me think it through so
definitely looks like that would be like the final destination for openc is to add perps
and then add ordinals i think they already have nfts solana entities you just have to switch wallets i
actually haven't figured that out yet but uh yeah like that i think that maybe you're seeing a big
pump on ordinals right now with maybe it getting another marketplace like openc and maybe being
part of the xp rewards you can definitely see an ordinals do a little pump with now getting
exposure to one of the biggest uh farming campaigns uh and last nft marketplaces
to do an airdrop so i think that's kind of big news and everybody's like rune august rune august
and everybody pumps their runes because runes gonna get listed on kraken well just imagine
if ordo get listed on openc that's that rad that rad was good right this new launch pad that launched
yesterday rad fight yeah what is that dude is launchpad that launched yesterday, RadFi.
Yeah, what is that, dude?
People are calling that Runes 2.0.
Yeah, same thing, kind of like a siloed version.
But the cool part about this is that since you're kind of, I guess, transacting in, I guess the easiest way to put it is like a VM, right?
They can set parameters.
They can kind of control things that you traditionally wouldn't be able to on regular Bitcoin.
So the fees from minting go towards the liquidity pool of the token versus going towards the miners, right?
Same thing.
If you fail a mint instead of it going towards the miners, it's actually refunded to you, right? So kind of like a blend between
Odin.fun and just all the ones that we've seen pop up over the last, let's just say, six months.
The only main difference is that these actually get listed and show up as a regular rune,
right? Once everything is completed, they then launch with whatever the parameters were that were created during the mint.
If during the mint, 10% of it got burnt or whatever, or X amount of fees were created,
then when that's done, they actually launch the rune almost as a traditional rune.
And then it has all of those features already incorporated and set up on the marketplace
so it's called rad.fi the first token on there is i guess ratatted uh rats right like retarded but
rats ratatted rats um it was sitting at came out at like 1.3 uh sats per uh sitting at roughly like 0.88
a little bit under 1 million market cap so just keep your eyes on it if you guys do want to
participate um but yeah i guess it's a novel way to do it it still kind of starts off in a vm
but eventually makes its way up to to actual real or our version of ordinal Bitcoins.
So there's a liquidity pool that's involved.
That's an upgrade.
No, not a real one.
Like they take the fees during minting and create a liquidity pool to seed the token when it launches.
But after it launches, it launches under whatever happened during the
mint that's kind of what i'm saying so like whatever's occurring during the mint sets up
for how the token is going to launch and how big the liquidity pool is going to be and after it
launches it works like a regular rune but before it launches is how you figure out you know how
much is going to be in the pool how how many all of that and then they launch it with those parameters so it still trades like a rune so it's basically like yes once it
finally gets to be traded it trades like a rune under the runes tab of magic eat and does is magic
eden support because i know magic eden recently uh launched their kind of like their decks where
you could swap your runes into other runes or your runes into
other coins like usdt and usdc are they supporting this yet because i don't know man i think that's
kind of the biggest issue is there's no way to kind of market sell this stuff and you're just
kind of stuck kind of holding why would i trade a rune when i could just trade an ordinal well
it's basically an nft like that's kind of my biggest fault of it is it doesn't trade like a non-fungible or a fungible token.
It trades like a non-fungible token.
And until there's integrations where I can market sell, I could snipe it, I could buy 15,000 of this.
Well, with that, they need to start being able to connect these different.
I mean, you need to create deeper liquidity, right?
The issue is that we can't
only be able to tap into Magic Eden's order book because Magic Eden order book is limited like you
said if this is brand new we need to be able to access an order book from everywhere and that way
people can swap in and out and it can continue to grow because it's Bitcoin and all these things
work as independent factors on top of the Bitcoin network,
that's where the lack of Oracle systems, that's where all of that comes into play.
And the idea and the need to build some type of, not necessarily a V2, but a new version of how we
play ordinals has to be made, right? That's where Spark comes in. That's where people are talking
about Spark or Arch Network. It's where people are talking about Spark
or Arch Network. It's where they'll start to incorporate either or of those two or a combination
of the two, right? And now these are basically giving avenues for anyone that decides to bring
them on board or implement them for them to be used in a bigger ecosystem, right? Now you're
creating a network. Before all of these were,
let's just say, single point Wi-Fis. And as you add Spark and you add Arch and all this kind of
stuff, right? You now can have internet here. You can have internet at your work. You can have
internet at your job and it's all under the same network. You can all access it all, right?
So that's the need for those two. Because even with the AMMs, you're only still interacting based off of Sat Terminal and Magic Eden's order books, right?
You need to keep adding order books, keep adding more liquidity.
And that's how you kind of expand the ecosystem.
Makes sense.
You're pretty technical on this.
And so when I hear VMs on Bitcoin, we've had some major security issues.
Odin.fun, there was some tax or some bridging is there any kind of security risk with this i don't know if you actually dove into it is what would be like maybe some fun or something that
could maybe like make this just a short-lived kind of thing is there anything at all i mean just
it's only when during the mint if they somehow the tag vector I can see is like during the mint, while they're taking in funds or while the mint's occurring, like they get compromised.
But in all reality, I don't think that there's much, right?
In that sense, just because it's all, they're facilitating doing everything together for you, but it's still all separate pieces of a part of pride.
You know, they'll take one two and three
put it all together and give you one solid piece but at the end of the day they're the
one still taking one two and three and those all still exist in their own separate rights
these guys are just packaging it all together and say we'll do it for you you know gotcha and
you mentioned spark they're launching like a launch pad for bitcoin on
luminex i don't know if you saw that but just pairing with luminex luminex is already a launch
pad so that's that's what i was talking about so once these all these launch pads start to add
either the sparks or the arc network then you start opening them as basically nodes inside this bitcoin vm that we have and you can now utilize
that node because it has rails right before none of these were technically nodes because you couldn't
bounce a signal off of them receive something back like everyone was operating as individuals
with spark or arch you choose and you can kind of basically tap into a network of the two i love it i love it it's very technical i try to follow along uh it's just like man like if
someone's just learning about this they're like what the fuck are you talking about chief
i don't know dude yeah it gets that's the thing about it that's one of the i mean the bitcoin
side of things it's that's why the culture aspect was so big
because this stuff gets boring.
And it is boring.
And it's long.
And then you get the actual nerds to come out and say,
well, you lose the security of Bitcoin L1.
And I mean, this can become a redundant circle very fast.
You know?
So, I think what's happening here here they're trying to make it simpler
but there and when you're trying to make it simpler there's a lot of nuance that
goes into discussing like okay this is an L1 there's a VM and that's where
people get lost I guess we're trying to help retail come here but in the
discussion of it it becomes very just like a nuanced conversation a bunch of
just people trying to grandstand this is an l1 this is because you basically have to take people's concepts of what
bitcoin is and tell them that yes it is that but it's not that like that's the biggest problem here
when you had regular ordinals you explain hey there's a sequence or an indexing layer that's added on top but at the end of the
day you're writing on satoshis and that's going to be there whether someone has the lens to see
the writing or not right very very simple core bitcoin l1 satoshi still satoshi i send it to
coinbase i get 0.001 of a cent but in my wallet it shows up market fit right like if you're trying
to compete against this other platforms having your your JPEG stored on something forever
that's immutable is a better product market fit than Ethereum. But if you're talking about tokens,
Bitcoin just fails at it from all these other, like from Solana to Ethereum. Like why would I
want to trade tokens when there's a better product market fit on another chain? Ordinals is something
so simple that I could say, you see that ETH entity?
If someone doesn't pay that server,
it's going away in 20 years.
If you say, this is inscribed,
this is immutable forever,
that's something that retail can drive into their head
and say, this is better.
This is a better option.
Of course, I'm going to pick an Ordinals.
So I just think if Ordinals and just Bitcoin ecosystem
can just lean better into their product market fit,
their obvious product market fit.
They'll do a lot better than trying to create retail experiences with non-fungible tokens or just tokens in general because they have no chance.
It's just way too complex.
I mean, it's not going to stop people from building it, but I feel like if you are going to get in the Bitcoin ecosystem, just buy a fucking ordinal.
That's all I'm saying.
Yes, sir, you're going to make money speculating on this this other stuff but obviously the ordinals is the best product market fit in the simplest thing
to understand of why it will be successful compared to why the fuck would i buy a rune
and fucking do all this vm shit it's super complicated right so that's just kind of my
thought and obviously it probably you know get a lot more exposure of ordinals in general
if it's listed on openc too so there's a lot of upswing on ordinals in general, especially if you're just coming back to
the space. A lot of people didn't even know ordinals exist. So it's like there's a lot of
people that will discover this, that ordinals, especially if it starts getting listed on the
main platform. But I kind of interrupted you, Chief. I think you have some other stuff you
wanted to bring up before we go on. So go ahead, Matt. Yeah, no, this is more or less kind of interrupted you chief um i think you have some other stuff you wanted to bring up before we go on so go ahead man yeah no this is more or less kind of just uh overall news a big vulnerability
inside ios um so it is inside chrome and the safari browser uh kobe tweeted this bunch of
people have been tweeting this out i did the update this morning open up your settings do an update on your phone and this problem is fixed
but um yeah always want to have these at least at the top of the ability to do this when you can so
emergency update for ios 18.6 to address a security vulnerability inside uh it is affecting safari
and chrome browsers right it's giving attackers access to passwords, banking information,
and surveillance from your phone. So please just update your phones, right? Make sure you have that
done as soon as you can. Next, just LIDAR, bro. I don't know if you saw this, but LIDAR has,
for one, 21 hours ago, it says the private beta is ending soon. For those of you guys i don't know if you saw this but uh lighter has for one 21 hours ago it says the
private beta is ending soon for those of you guys that don't know lighter i would say i guess the
easiest way to put it is i guess it's not um i would say a hyper liquid competitor but hyper
liquid now has hyper liquid evm and all that kind of stuff so it's a perpdex, and it is doing roughly about a billion dollars in volume a week.
Currently, it is in private beta.
We've been sharing for you guys to check this out.
I would say almost like six months now, right?
They give out points every Wednesday.
It's their way of protection, so whales don't come in and take all the supply.
Anyway, still opportunity to get in there if you'd like um for those of you guys
that are in the foundry we have codes inside there if you want to try it out uh i will say it is
really hard to get points right now i'm not trying to disincentivize you but if you get one or two
points don't you know think it sucks because it's hard to get right it's the same amount of points
distributed weekly just as more people get on board.
Obviously, more people get distributed and the tokens don't increase.
Dude, they're selling.
Points are selling on secondary already.
X at ridiculous evaluation, too.
$6 a point, bro.
How many points you got?
I got like 50.
I don't got nothing crazy, bro. That's so good, no, it is but i'm saying like I don't got anything
But i'm for anyone that participate anybody that's actually got money and doing volume
Uh ggs because it does look like it'll be profitable
Uh, and we kind of put this on you guys's radar. I would say almost six months ago
So it's actually easy
Yeah, and a profitable trader and that's the thing. Do I think it'll be at six dollars a point? on you guys's radar i would say almost six months ago so it's actually easy yeah and profitable
trader and that's the thing do i think it'll be at six dollars a point i mean that sounds good but
i mean maybe not you know maybe not out the gate maybe eventually so if you have a lot of points
i would look at these otc markets maybe secure yourself a quarter of your bag otc like sell a
quarter of your bag otc and then position for the actual airdrop
right so i don't know just something to keep in mind as multiple ways to play this we see this
all the time this inflation pre-tge from even the projects and the protocols themselves inflating
their numbers on these secondary markets and then come tge and it dumps and there's nothing close to
it right so i think that six dollars is pretty fucking high right but we see hype which had a crazy kind of run up chilled in that eight nine
dollar range and started running so it is possible as well for lighter to have the same style run
as it is the same style product so just wanted to show you guys that they are selling if you have a
lot of points and if not um go check it out if you'd like.
Yeah, I mean, couldn't get any earlier than I think we talked about it in the end of April.
So, try to get you guys on Windows DZ.
Now it's hard.
Now it's 6-0 point.
So, still use it.
It's still good.
It's still at zero fees, too.
I mean, sorry to cut you off.
But for anybody that does perp trade, and even if you're not, oh,'m not gonna win the airdrop or I don't dude has zero fees like zero fees
Right. So if you do any kind of volume or any decent amount of money
Like not having fees is going to make a difference when you go cash out
So for now even if once again different things right use it for what it's for trade perps if an
airdrop comes your way so be it congratulations but it is the best place right now to trade perps
in the fact of zero fees i've been using it as just my second account for like delta neutral
positions if i take a long out on bitcoin i'm taking a short out on lighter that was kind of
the way i was farming points and now they have to be a profitable trader i'm trying to use it a little bit more but phantom's just kind of uh way simpler for me and
i don't know i just like it better but it is what it is i got like 250 points so i got it early when
it was easy now it's definitely fucking hard so i just go otc and sell them for six bucks now
right um so that's that um just something just a look ahead in general uh open ai is raising
8.3 billion at a 300 billion evaluation and so you're gonna start seeing people just like we
had the circle ipo and when d5 took off you saw a bunch of d5 and ethereum take off with that kind
of like just going berserk right and now when now when this goes live, I feel like a lot of people
are gonna start speculating in general
just on AI projects here in crypto land, right?
So if OpenAI is worth $300 billion,
that's a valuation.
So it was probably, I don't know,
maybe it gets to 600 billion.
I don't know.
I'm not a fucking mathematician.
People are gonna start using this
as a barometer of how much their project should be worth. And so definitely be
looking at this date when it comes, maybe a few weeks before it gets in, maybe get some positions
in like virtuals or some other prominent AI infrastructure plays. Because just like we saw with the rise of Facebook changing their name to Meta,
people were using the evaluation of Facebook to price in what their metaverse should be worth,
like decentralized and sandbox.
And that's what's going to happen here too.
They're like, oh, if this is what they're doing, then our product is 1 16th of that,
and we're underpriced.
So just understand that that narrative is going to start being played out and that people will fall for it even though a lot of
this is just vaporware but i do think just this going ipo will bring a lot more attention to what
is actually being built here in crypto and so just something to look at something that's coming up
and udi was kind of fucking saying that eth's over fucking evaluated if OpenAI is at this.
He said, Ethereum at least, an order of magnitude is less valuable than OpenAI is.
It's old tech, lacks clear product market fit, and has very few users dedicated after launch
and stop innovating years ago. OpenAI is evaluated at $300 billion. Ethereum is vastly overvalued
at $440 billion. So I don't know if this brings down Ethereum
because what's more valuable,
OpenAI and the fact that you can use this
for your everyday life and fix your life
or Ethereum, which is decentralized finance.
I don't know.
Maybe this does bring Ethereum's value down
if this is what OpenAI evaluates at.
So there's something to keep your eye on.
I do think this will be a talking point in
the space and you'll probably see ai definitely rise off this evaluation when it goes live but
got stig up here first time up here appreciate you stopping by how we doing you got some alpha
for us my guy hey what's going on expressway can you hear me okay yes sir appreciate you coming up
man yeah man um i really i i didn't know if you saw Sonic Labs after all the fuss about their airdrop.
They decided to do something about it, and they changed it.
They changed the claim to, I believe, like a minimum of five Sonic to be able to claim.
So I did go back to that, and I was able to claim some of the airdrop where I wasn't able to previously.
And I was able to claim some of the airdrop where I wasn't able to previously.
Twitter page.
Yeah, and then those shard NFTs that I was saying that were going to give you an airdrop,
they're giving out 70S for them.
So that is something that never, I thought we were going to get an airdrop for.
They came back.
They basically reset it.
Oh, yeah, that's what I was about to say, bro.
I bought those shards
the day you told us to i don't even remember what i spent what were they were they 90 a piece or 30
yeah like like i think they're i think when i talked about them they were like 80 bucks a piece
and then after this happened they dropped um but yeah i mean what's 70 fucking sonic that isn't
probably even give you your profit back so no it doesn't but it's okay see that's what i've noticed this cycle too um when you invest in shit and it's been a
long time you kind of forget and so to you it's just a new stimmy coming through you know what
i'm saying it's one of those like oh shit i did buy those dog shit shards and it's like oh i get
free money today cool that's a stimmy. In reality, you down bad as fuck.
That's why I was like, I was telling myself I spent $30 per shard.
So, you know, three shards, $30, $90, I got $150.
It's a win in my book, but $80 per shard makes it a little different.
Yeah, they definitely fumbled this airdrop. Even Manny, that was someone that was making his own...
Deep in Sonic. Day one.
Like when we were on Bear on Testnet, he was on Sonic still, bro.
Yeah, he made his whole identity about it.
Changed his name to a Terp.
Was basically when I was doing OpenSea is going to be the biggest airdrop.
He's, oh, it's going to be Sonic.
Are you fucking stupid?
He's fucking now pissed and totally fucking capitulated on the whole blockchain.
But I don't know, man.
Sonic is fucking
andre corny i mean this guy is the hype master maybe he's washed now but i don't know but i just
can't see sonic not as like the airdrop but just as the token by itself isn't as sexy anymore bro
i mean let's be honest i mean you got barra struggling bad on the DeFi side of things.
I mean, you got Katana barely catching interest, really, right?
You got a handful of people doing the Katana thing.
You have Sonic with also trying to focus on the... I mean, DeFi was the topic of conversation.
One, two cycles ago.
Last cycle, we had remnants of it.
And then this cycle, I mean, the only Dey that we really saw right for the everyday trader
participant was pools on meteora if you decided to go down that defy route of making some pools
on meteora right or the minute you heard staking you're like oh defy x is no but i mean going down
the rabbit hole of liquid staking tokens and restaking and hitting the loop and twopping and this and
that like that's not sexy right now i mean the dopamine shitcoin brain sensors have all been
fried due to that and so this slow play of oh well you earn five dollars a day on defy and if you
just deposit more money that's fifty dollars a day they like, bro, that's who cares? I'll throw $50 at a shitter and make
$1,000. Fuck your DeFi staking pool. I'm not going there. I'm not touching that. Right.
And so I think that that's also one of the bigger problems that DeFi is having is,
yo, who's your audience now? I mean, it's no longer us, right? I mean, the ability to literally go
and say, oh, you get 100 hundred percent apy on a thousand dollars i
guarantee you 99 of people in this space would take that thousand dollars and rather go in the
trenches bro literally would say a thousand ap i mean a hundred apy on a thousand dollars
i would rather take that thousand dollars go in the trenches and just
see hope hope i make more than a thousand hope i mean yeah you know i'm with i'm with you it's
just like we have a lot of this stuff that has product market fit, has liquidity, it has big money that are interested.
But to have a successful protocol, you need the left side of the curve and the degen like us to be interested.
If you want something to like really, really take off and get to the top 20 of these tokens.
And that's where a lot of these protocols
are kind of struggling is getting our attention, right?
What's the incentive for me?
Oh, I'll get on there because I want to farm an airdrop.
But other than that, like I'm not using DeFi.
I'm not staking my liquidity in this shit.
Oh, there's a cool game.
Yeah, that gets my attention.
But the Ponzi game lasts two months and then I leave.
So it's like the really the only thing
that these protocols could do
to get the left side of the barbell is have ponzi games or nfts or a meme coin but like the
meme coins don't have enough liquidity for these things to break like these barriers of like 1
million 10 million 30 million dollar market we need to grab some coins that we create out of
nowhere and then you pair it with yield that you create out of
nowhere and then bro that's a good time because and then it's like yo it's all fake so you
definitely know just get out before you know the music stops but i mean that's you know it's just
that no one knows how to do defi bro i mean meteora that meteora airdrop i think is going
to be one of the best this year for those that have the points and have been doing that
ggs that is going to be the best airdrop this year because it was the barrier of entry of knowledge
i i mean we said go to meteor a million times go farm and go farm pools a million times
shit we could have been saying it for the last five years people don't know how to do it
and so that airdrop remain untouched and untapped and very few people had the curiosity
to go learn how to do it. So
GG's. I really think that's going to be one of the better
ones. Appreciate your waiting.
Gaga, appreciate you up here, man. What up?
GM, GM, guys.
GM Shifting Express. It's been
a long while I've been with you guys.
no longer I've been with you guys.
I thought you guys were usually more than this on the
I thought you guys were usually more than this
on the speaker session.
speaker session.
Hope I'm not ready.
Well, no, go ahead.
Sorry.
So I came across an alpha.
It's a staking protocol
called Terminal Finance.
I thought I would just come up and share it with you guys
if that's okay.
Yeah.
What chain is it on?
Is it on Eclipse or is it on Main or whatnot?
It's not on Eclipse.
It's on Ethereum.
But they say they're going to be the liquidity hub for a new L2 called converge on chain so converge on chain is an l2 being built
by it's in and scrutinize it's a real world asset focused l2 they seems they want to bring tradfi
traditional finance into d5 that's what the l2 claims to do so terminal finance is the liquidity layer for this l2 and
right now they have a kind of a point program on but it's on on ethereum where what you have to do
is deposit usde or wrapped it or wrapped btc into their pool so. So you stake it and you start earning points.
They call their points roots.
So, and it started two weeks ago,
went live two weeks ago.
So it's pretty early for everyone.
And being early is the alpha right now.
So if you can get in early,
stake your USD or your Ethereum,
or wrapped BTC on Ethereum mainnet,
then you can end these routes.
They distribute the routes every...
Just wanted to share that with you guys.
Get permission, I can pin it to the Jumbitron.
Yeah, please do.
That's how everybody finds out about it after the thread.
A lot of people would listen to us on recording
and just following Allison's thread,
so having that included in there,
it'd be new alpha.
People can go, you know,
do their own research on it
and see if that's kind of a potential opportunity for them.
So we appreciate you coming up.
You always got good alpha, Gaga.
I do appreciate you bringing some value to the space
like always, man.
So I think that probably,
Chief, you got anything you want to bring up
before the end of the show?
We're kind of at the 12 o'clock mark.
It's kind of, you know, people are, it's the weekend.
People are, you know, kind of upset with the way the market's happening itself.
If you got anything else, you can bring up.
Yeah, I just put an article up there for people to read and learn.
It breaks down collectibles.
It breaks down different dynamics and how the different demographics react to collectibles.
I think that it is very, very on par with how our ecosystem works, right?
It compares men to hardcore gamblers, women to softcore gamblers, right?
And I would almost, based off of the article's kind of definition of the two.
I would say that applies a lot to us. Right. Between meme coin traders and actual JPEG traders. Right. NFT people.
So thought it was a good read. It gives you a good insight of how to spot trends and how to also take advantage of them.
Right. And really realize who you're trying to either market to or sell to
or, in a sense, the demographic you're trying to win.
So shout out to Alex for finding it.
And I appreciate that, man.
That's it.
I have just one, I guess, just two more things.
And yesterday you brought up that probably, was it probably nothing?
Or what was that?
The one, the MegaEath Lab one that came up?
There's a new one that came out uh that nix brought up it's the
same kind of where it's an announcement of an announcement it's basically a website it's
curated by the ox mega eth mafia um it's called blitz there's no post on it yet and it's just
something you know these guys are coming out with it relatively soon.
You could possibly get in early.
You just go there and there's like a lion in his eyes.
It's pretty new.
There's not much information.
And then the other one is this game I've been playing called Tap Out.
It's basically like a tapper game.
And you basically put your tap tokens in.
You convert your testnet megaeth into tap tokens.
And there's a little 60-second timer that goes on.
You usually are teamed up with another player.
And it's the last person to click tap before the clock wins the kind of entry fee.
And every time you tap, it goes up 15 seconds, and it just raises the tap pool.
And basically got in this early.
They had some carrots that you were able to buy, 30 carrots with the test net.
You were able to stake it and you actually earn test net ETH for staking.
And they basically announced their Genesis NFT and utility airdrop announcement.
So Genesis NFTs are your golden ticket into tap out.
Here's what holders will get.
At Mega ETH mainnet launch, Genesis holders will bridge to claim a massive airdrop.
But here's the catch.
Claiming requires burning your Genesis entity forever.
When you burn your Genesis entity, you receive 88,000 tap tokens per entity.
One golden carrot per entity earns passive ETH from tap trading fees and immediate access to the game economy. VIP access
to all future tap out game features. Your golden carrot becomes the yield generating revenue share
earning you ETH as the ecosystem grows. So this game's pretty fun. I mean it's really like the
not coin tap game but you're basically playing against another person basically being the last
person to tap. It's really hard like when the the game first started, to get like two people on there.
They have collaborations with the Bad Buns.
They're 69,000 carats.
I think it was 6,969 carats, where probably you were able to mint about 30 of those.
Those sold out probably like three or four weeks ago.
And then now I've been staked them. And I guess they're called staking. You can harvest them. able to mint about 30 of those those sold out probably like three or four weeks ago and then
now i've been staked them and i guess they're called staking you can harvest them and every
time i go into the tap out game i have like one the two uh test net eth in there in general so
it's like the thing that i'm starting to see with mega eth is a lot more people are coming out of
woodwork launching which makes me think that main net is soon. You saw Brad guy went over to, he hasn't been in the space for a while.
He basically took a plane trip eight hours from LA, went to Asia,
and he flew back a few days ago.
So that makes me think that that's what they're planning.
It's relatively soon.
Definitely look into bad buns, our Miglios,
as if when this announcement comes out or probably pump.
But I feel like this game and a lot of these games like euphoria are going to
basically rely on the fast TPS of the chain.
So if you're looking for like mobile games that include instant finality of you
hit it and it's all on chain, you're going to see a lot of tapper games.
You're going to see a lot of prediction games like Euphoria.
This is going to probably be the chain for kind of like the mobile-friendly tap.
Use your phone.
Use the ability of your touchscreen as a way to basically get instant transactions on chain.
And there's so many ways that you can create games on this.
So starting to see this Blitz game, there's probably not.
It makes me think that there's going be a lot of like touchscreen tap games and kind of using the 10 000 tps as a as a result of creating
these games so i think it's tap out kind of being the first one see euphoria i think legendary just
went on an advisory role for them you're starting to then kind of lean and like the leading ones are
going to be a lot of these games so i think tap out the fact that you can get on there today you can play the game start earning tap yes you can't get
the carrots but i do think this entity would do pretty well it's kind of the very first other
than euphoria on that people are actually using on mega eth test net right now so wouldn't get hurt
to go onto this website start playing the game get a few taps in and uh when the nst comes out i mean i think i'm earning
like two to three eth on uh just staking my thing so they said you can get earned revenue
uh with kind of holding this nft and stuff like it might not be bad if this takes off you can earn
some probably some cook if a lot more of mega meat people are going to be using this as kind of a game
that's pretty beneficial so i don't't know. Seems like a play.
MegaE's heating up.
I see a lot of people starting to now make announcements.
And, you know, if you don't want to get in,
I think getting a Miglio at the low entry here
or a Bad Buns at like 0.5.
Once that announcement hits and this starts heating up,
you're going to start seeing these NFTs probably go a lot higher.
So you can maybe even speculate that way.
So that's all the alpha I got today, man.
I think we're going to host the show tomorrow.
We alternate Saturdays, and this is the Saturday of the Habit.
So if you guys want to stop by tomorrow, come up on stage,
it's going to be a freer show, less alpha,
just more clowning around, talking about stuff in the market,
and we'll be here tomorrow.
So I'll leave here for Chief to end the space.
You guys have a great rest of your day,
and I'll see you in the Foundry.
Peace out.
Yeah, there's a mint that's going on right now.
It's called Gibbs, right?
There's these little rats, frogs.
It was similar to the Low Chills, right?
If you held Chill House, you could mint the Low Chills.
These guys did the same thing with their gib token
Token sitting at roughly around 2.4 mil
Yesterday was at 2 so not really running like that, right?
But just something to keep in mind once they hit your timeline. I think that the actual
Art itself looks pretty damn decent could have some type
of movement similar to the little chillers but just remember that anyone that had the token
itself right and when they announced the mint there was no snapshot so you can go buy the token
i think you could probably still buy some of the token now and potentially men i don't know if the
snapshot was taken or done yet so um we'll see how that plays i mean if it's on magic eden it is actually the other one was a
different launch pad so just something to keep in mind if you're trying to play secondary if you
don't have access to the mint itself uh go check it out see if you like it if you're trying to degen
and it is on soul okay mint price is 0.25 and then obviously there's a token underneath but appreciate
everybody that came to the tda appreciate everybody that came on stage and shared and
that's been riding with us all week uh we will see you guys tomorrow we do this tuesday through
saturday 11 till about 12 12 30 just depending on the conversation and the people on stage
um after the show is over there'll be a thread that goes out.
It covers everything that we pinned up to the top.
Use it as a resource when you're doing your own research later.
It's TDA or Stay Poor.
Any engagement you guys give us allows us to grow and continue growing as a community with new opportunities.
And we'll catch you guys tomorrow.
Y'all be safe, guys, and have a good rest of your day. Thank you.
