Thank you. Yo, happy Saturday, happy weekend everybody.
Appreciate you guys stopping by Daily Alpha.
We're here. Red or green. Green or red. We're here on our Saturday space. We kind of cycle
through these every other weekend. We see no one else wants to show up on Saturdays.
It was a perfect opportunity to lock in. I know. I know. It's not the greatest time
to be here on a weekend, but man, these are kind of the
opportunities you get to continue to be locked in, find opportunities, don't give up. And maybe
these kinds of spaces can help you, but you know, these spaces help me continue to try to find
opportunities and not give up whenever times are hard. So typically in my experience, these kind of days are kind of where we find the diamonds in the rough.
During the bear markets, during the time when no one wants to show up,
that's where kind of opportunities present themselves.
You can kind of look at the charts, and you can find strength.
You can find, why is this collection up 5%?
And that kind of gives you a hint that if we do turn around,
these collections will probably be, you know, some of the opportunities you want to get into so
Do appreciate you guys stopping by nothing's changed from last week, you know i'm saying like I don't know
I don't know. I guess you're seeing a lot more people are scared or worried
But I mean it's just a dip from a rip, you know
Can't act brand new when we see a dip when we want to sit here and celebrate the rips on it.
So I don't think anything changes, bro, like at all.
You know, and if you're kind of scared right now, I get it.
Maybe you should reevaluate your bags on why you're scared.
Like, be honest with yourself on maybe I'm overexposed.
But like, I don't think anything's really changed.
You know, we're still looking forward towards the rate cuts that's still looming above us as a potential catalyst right we're getting bullish news uh high level macro
for the long term so yeah i mean even you might see a little capitulation on the timeline some
people crying and whatnot but i really don't think anything's changed you know fundamentally not for
me not for us not in these last not in a week you know yeah i'm i'm me, not for us, not in these last, not in a week, you know?
Yeah, I'm kind of the same way. I'm just trying to
understand what other people are trying to think, right? Like, I feel like we have a pretty level
head. We're kind of looking at this every day and we understand. I'm just trying to basically
instill confidence in other people that maybe don't have the same confidence level as us and
just kind of reiterate like the opportunities that are actually here
and how you are successful in the spaces showing up on days like this.
I just want to kind of reiterate that, you know, make people sure that, you know,
Yeah, just don't let these one days, two days, like, none of this changes, you know?
Like, thesis shouldn't change that quick.
And if it changed, then you weren't dead set on that thesis to begin with.
I think that that's the like these are self reflecting days
Of why you show up and you know the whole point and all that so yeah, I don't think anything's that bad
We're still holding that 113. We knew we had a CME gap. We literally went down and closed the whole gap
Reset RSI everything else looks but like, you know, it's just one of those if you're passing by I get it
But if you're actually here then you're
there's no reason that you should be worried if you showed up here yesterday you know yeah there's
just like pivotal points in this space and like it's i don't think anybody's selling really like
we had back in december we had like the president get accepted as you know like this crypto friendly
president right and we saw a lot of you know, like this crypto friendly president. Right.
And we saw a lot of, you know, euphoria. He dropped his own coin. And then as soon as Trump got in the office, we started seeing rumors that Coinbase was out of Solana and they started
selling on the market and it brought us down. It brought us down. And then we had the tariff
kind of scare and brought us down even farther. About two to three weeks ago, we were kind of talking
about this crypto bill and this Genesis Act, which is a huge, huge thing. And like leading
into the middle of June into July, you had Binance and Coinbase continue to sell Bitcoin and Solana
on their marketplaces, using customers' funds and selling it, market selling it to winter mute.
During pit, like we knew this was going to happen.
The market wanted to go up, but the centralized exchanges, which run this industry nonstop, are flushing people's coins to make them manipulate the market.
And we're having like we just had one of the biggest announcements of the SEC wanting to ease up on rules, putting everything on chain.
wanting to ease up on rules, putting everything on chain.
And then what do you know?
Once America is now going to adopt the rules of regulation
and make this the leader of the crypto capital,
Just imagine who's selling.
It's Binance and Coinbase are dumping millions of ETH
to wipe out leverage longs once liquidation hits.
And that guy talks about it.
Marty talks about this all the time.
He's the on-chain sleuth.
You could fucking track your own wallets on Arkham.
Binance sent Wintermute 110,000 sold in the last 18 hours alone.
Binance sent Wintermute 8,000 ETH in the last four hours alone.
This is a clear transaction where assets are going and what they are not and are not client withdrawals.
Here is proof of reserve for July and report that no soul or no ETH outside customer funds.
So where are the assets coming from?
And this is Marty's been having a big issue with this.
Like these exchanges are all, you know, high and mighty sitting on capital.
You see Brian Armstrong and Capitol Hill.
Crypto is going to take over. We're here're here fucking negotiating you know the stable coin bills and then on the back end they're dumping fucking eath and bitcoin to manipulate the price and if we're
gonna continue in to make this retail friendly there has to be some looking into these centralized
exchanges and then manipulating the market right so no one's selling it but and then
don't they fall into that gray zone of technically not being the exchange because it's a market maker
that does it it's still it's still like they're using like they're just they'd understand that
these people aren't hip right like obviously that's the workaround like that's the bag man
right yeah yeah that's what i'm saying like they're just gonna pretend like you're one of us
what do you mean they wanted to buy some eath we sold them some eath and that was it yeah it's a
technicology but you know what they're doing what is winter mute market maker like you're using
like marty's basically been saying for a while you need to get your coins off coinbase because
and binance because they're using customer deposited money and sending it and selling it
and so the less money that you have on there, the less they can sell.
And I think that's where the kind of the crime is.
And I do think this is eventually going to be maybe a moment in time where this might
make the whole space capitulate.
I know a while back ago, people were talking about Tether possibly being the moment where
like they did an audit and none of this is backed and there's a bank run and it collapsed the market. I actually think probably this sex kind of manipulation
of using customer funds to manipulate the price, there could be a major investigation in this in
the future that could bring less confidence in the crypto market saying, this is why this is a scam.
You have the leading centralized exchanges using customer funds to manipulate the price.
So no one's selling, dude.
Like these Coinbases, these Binancers are the ones that are selling around pivotal moments of news.
Like Russia, fucking Trump brings a fucking piece of metal into the sea.
And then we all dumped all hell.
Like the news agencies are part of the problem too.
Like they have to convince us that there's something that's different going on in the market.
We're savvy, but a lot of us listen to the news.
And like these coin telegraphs,
these fucking Bitcoin archives are also part of the problem
because they're distracting you what's going on
and trying to amplify fear in the market
So, and then Coinbase uses that to dump the price
and make you think there is something going on in the market.
So don't get shaken out, guys.
I don't see anybody selling.
If you go look at the charts and you go look at the exchanges, retail isn't selling.
There is some short-term selling that has been going on.
But whales are accumulating at crazy prices.
In the past 24 hours, 21,000 Bitcoin were sold at a loss by short-term traders.
21,000 Bitcoin were sold at a loss by short-term traders.
So like short-term traders, people that are like paper hands,
basically are selling, but you have whales are buying aggressively than ever.
And this is clearly, they know something.
Don't be like the short-term traders.
The whales know something.
That's why they're whales.
Definitely feel like this is manipulation. the whales know something that's why they're whales that's why they're rich definitely feel
like this is manipulation there's no reason that we should be going back down to 100k that's where
we were at during fucking bobbing of fucking countries and during tariff wars what is actually
going on to make us go down it's it's basically manipulation by news agencies and sexualized
exchanges dumping prices to make you feel like this is more people forever.
And we have basically a month away until the first rate cut.
And so this feel like this is a major shakeout.
And I don't want you guys to get discerned that what's going on.
Maybe we go down to 109K.
But I think by September that we're back to all hitting all time highs.
And I would the last thing i want you to do
is waste all your money and then leave and don't come back for the best part of the space so
that's a little bit i just want to do a little talk just kind of showing you what's actually
going on the space fucking on-chain evidence this is not my opinion all the truth lies on chain and
coinbase and binance are the ones that are sending all this bitcoin to winter mute to market make it
to dump us so that's manipulation that's not really what's going on.
And I think this is kind of maybe a short-term chop.
August is typically dog days of summer.
We go down a little bit and then we bounce back up, hit all-time highs in October or
into middle October or something like that.
So that's a little on me, a little on you.
Did you check out the Figma IPO, Chief?
I know we kind of briefly talked about it, dude, but that's been a cooker, dude.
No one was able to really participate.
I mean, I think that they did some weird shit to where you could bid as many shares as you wanted,
but they only gave people one share each, like no matter how many you bid.
And I saw someone saying that it was kind of like
a bundled shit coin you know like they allowed you to participate you thought you're gonna get
in there and be in the mix when in reality them and their homies are the ones that you know just
institutions are the ones that managed to secure all the just really get it at the 33 you got one
to just get a taste of how it would have been.
Oh, look, this was great.
Imagine if I would have gotten, you know, like the 50 or the 10,000 I wanted.
I see it as like them enticing us to get in the mix.
And that was just one of those. It wasn't as a fair everyone actually gets a chance kind of thing.
Which I think will probably be the future, right?
More or less, it'll be perceived as you can participate, but in reality, probably not.
Yeah, I did see that a lot of banking people and hedge funds got in a lot of their shares at a certain evaluation.
A lot of other people couldn't get in.
But I think kind of the, we could talk about manipulation, but I just think kind of the story around Figma is kind of interesting, right? It's kind of like a
underdog story. Figma wasn't even supposed to IPO. In 2022, Adobe tried to acquire it for $20
billion. Regulators in 23 killed the deal. Adobe paid $1 billion just to walk away.
And then in 2025, Figma IPOs for $67 billion evaluation, now worth 3x more than Adobe's
offer. The total VC gain is over $24 billion in one day, quite possibly the biggest day
windfall in IPO history. And Dylan Field rejected the Adobe offer,
now worth $6 billion himself,
almost acquired the tech legend in 18 months.
It's like, what a fucking comeback, dude.
Like, they were, like, getting it acquired,
then the IPO, now the guy that is basically worth more,
like, one-third of the evaluation that it was going to be worth. So it's just like, what a comeback story.
You love to fucking see it.
And for my, I mean, what is Figma actually, right?
Figma is like a art studio kind of thing that helps you.
Apparently this Dylan field guy is like a crypto punk holder.
He says, yesterday I post gained traction of CEO of Figma bullposting about punks.
If you know, he was one of the earliest punk collectors and has made over $9 million selling punks.
He bought, Dylan bought his first punk on December 18, 2017.
He bought for $0. ETH, $94.
One year, a day of 2018, he went shopping, of course.
In 21 hours, he ended up acquiring 8 Punks, including a Zombie for 1.4 ETH and an 8 for 4 ETH.
That sent him back 8 ETH, which was about $6,000 at the time.
Only nine days later, he returned to make his biggest bet and turned out to be a
genius move. He purchased Alien Crypto Punk for 12 ETH, $14,000. Later, that punk would become
famous as the preview alien. Over the next month, as the Crypto Punk price declined, he turned to
make three more purchases. Nothing spectacular, but the average punk cost was 0.1 ETH, $60 punk,
$60 per punk. A little bit more, three years later, on February 19th, he sold his first punk.
He partnered with CryptoPunk 86965.
He sold it for 800 ETH, made more than $1.5 million in profit.
His second sale was even crazier.
He sold Alien Punk Prigia for a staggering 4,200 ETH, which is about $7.7 million.
As a true collector, he used part of the proceeds to build
his collection. Between the 13th and the 23rd, he added three more Wild Hair Punks for 30, 50 ETH,
and 33 ETH, which was $72,000, $89,000, and $123,000. To this day, he hasn't sold any other
Punks, and he still holds 14 punks given this company just
ipo'd he's probably not inclined to sell the 450 eth bid on this zombie so what is the question
here my question is when i was collecting and putting connecting the dots what have we seen
recently a lot of these stock companies are starting to add crypto exposure to their stock?
Could Dylan add maybe CryptoPunks as a treasury or maybe add Ethereum similar to Sharplink?
I know they just went live.
Maybe it's out of the question.
But how long till you IPO where you start considering crypto strategic reserves similar to Sharplink and these other ones?
And we've already seen that Gaming Square company add a Crypt punk this dude is an avid crypto person adobe is an art centric
platform it wouldn't be out of the question him adding nfts as some kind of treasury strategic
reserve i know it's not like i don't know what the regulations are do you have to wait two or
three years a lot of these companies that are doing are coin companies that no one's heard of would figma which is somebody that everybody knows would they add nfts as like a
corporate treasury and to pump their stock even more some point in the near future so i didn't
know this about this guy but this guy is a crypto og it wouldn't be out of the question if he dabbles
a little bit in crypto with this company man so i think that's the only issue with that is that when you add Bitcoin to your balance sheet
Everybody knows what Bitcoin is
Everybody knows what Ethereum is or Solana, Hype, etc
So, I mean, obviously you go down the risk curve and it's less likely
But when you say I'm adding a NFT reserve
There's just so many NFTs
And then some people have negative connotation with the word NFT, right? So I think that that's just so many nfts and then some people have negative connotation with the word nft
right so i think that that's just the biggest difference so for the normie the normie right
whoa whoa why why is that going up oh they added ethereum to their treasure treasury oh okay cool
well why is micro strategy going up oh they added bitcoin like there's no oh they don't they don't
need to research what the fuck you're talking about there's oh bitcoin yeah i've heard of that crypto when you go into for us we
know nfts but then you go into the further down the risk curve for just assets then you have more
questions it's not gonna hit as hard or as easy in terms of conversion as oh they added bitcoin
oh bad i know bitcoin it's been around i'm gonna buy some of that
oh they added nfts oh yeah i've heard about nfts yeah well they added this specific one it's called
crypto punks and it's like you just require more in that conversation rather than yo what's up i'm
figma we just ipo'd and we decided to add uh 25 of the money we took in and buy some bitcoin
people like yeah yeah we like bitcoin
you know it's just easier to understand so i think that that's the only difference and once we can
start removing those negative connotations or just make it simpler like when crypto punks just become
these are crypto punks and everybody knows what that means right we're almost there i'd say you
got about 40 of the world that kind of knows what a crypto punk is. We get to that 60, 70% then cool.
It's like, yo, we're adding crypto punks to our treasury,
which is something completely different than NFTs, you know?
Yeah, they don't need it.
A lot of these companies are like companies you've never heard of.
Like what the fuck is Sharpling before you heard a Sharpling?
So the reason why they're adding crypto is to get that exposure
and be that basket of crypto startups.
Figma doesn't need any help fucking pumping their stock.
They're already fucking like 32X from their fucking share price.
So maybe in a few years when this is more validity.
I mean, I think one CryptoPunk costs more than a Bitcoin now.
So I think CryptoPunks are kind of the next safe asset, in my opinion.
If you are talking about non-fungible, it is like the Bitcoin and non-fungibles.
And maybe in like two to three years when the marketing dies down and people give up
big one, maybe that's when they add it since he is kind of crypto native.
So just something I didn't know much about him, but I saw this.
I'm like, that's interesting.
This guy just had a killer week.
This dude was a fucking killer in crypto back in 2017 and made millions of dollars off CryptoPunks.
Would there be a possibility of him adding some crypto to his treasury?
I don't think it's out of the question.
Maybe it's a few years from now, but we got Gambler up here.
Appreciate you stopping by this Saturday, man.
How's your week been going?
How's everything going in your life, man?
Appreciate you stopping by.
Shout out to everybody listening to the E- um i'm chilling bro uh been working a
lot so not so locked in but again shout out to tda for keeping me keeping me as informed as i can be
right now and then uh the foundry too man love to see love to see activity in there you guys cooking
josh cooking and uh yeah you know we talked about it or we talked about it before, just like it's good to have little home bases because, like, you know, life happens and we can't always be locked in.
And so it's nice to know we can go back and when we're ready, when that liquidity comes in or when we're in the right space or whatever it is, we can, you know, that transition can be that much easier.
So I'm chilling. I I mean it's a trip I have a like tracker a price tracker widget on
my phone so I see Bitcoin and Ethan soul every single day I mean seeing Bitcoin
at 112 K and you know coming in here and it's like you guys are giving pep
talk it's it's funny man I think it just comes with just being here every day and we experience every fucking like percentage move
uh but then it's exactly what you guys are saying right it's like it's it's kind of a
counterintuitive because it's like anybody who's first of all it's hard to be a successful trader
it's hard to beat the market on the short-term timeline, right? Anybody.
But the thing is, if you are a trader, you understand exactly what you guys are saying right now.
That this is how things move.
There's sometimes will selling.
All this stuff. But if you're a trader, you get that already.
But if you're not, you're not a successful trader trader then you don't get that but those are the
people i need to hear it um but those are also people that probably shouldn't be trading which
is me oftentimes but yeah i'm good man not to yap too much i don't have too much alpha but
it's saturday tda for the boys so jumped up just say what's up and uh yeah chilling how are you
good man yeah obviously saturdays they're not
the you know everybody wants to do what they want with their family um and then obviously when the
market's down i i just kind of like it kind of helps me right like we do these spaces i love you
guys i do these spaces to help me help chief help you guys but this really helps me continue to stay
on my p's and q's and just kind of look at stuff
that i typically wouldn't look at if i was off right so trying to keep sharp i still want to
keep you know working out flexing these muscles uh don't go dormant during you know this this this
last four months man this is if you were gonna work through it and grunt through it this is the
time to do it and i was kind of looking at nft charts this morning i'm like all right we're down bad what's some green show me some green
show me some life and this is kind of what i was talking about like when you when everything's red
and things are green that's showing like demand and strength in the market those killer acid
fucking in the t's you brought up cheap during that pre-sale shot up overnight to 0.16. Bro, I'm so fucking pissed at Magic Eden.
Their listings are all fucking botched, dude.
Because I've been waiting for a supply squeeze, right?
There's roughly around 400 after men out.
As supply started squeezing, I was going to sweep.
So they, you know, supply is nice.
They've consolidated roughly half of their supply in two days.
So I went to go buy them, bro.
And the first, like, 15 listings on Magic Eden are at .06, .05, .07.
And even if you go in your favorites tab, it shows that.
When in reality, the cheapest one is .15.
It's, like, double the fucking price.
So, yeah, this morning I looked.
Checked supply. Looked everything good. Transferred some bread over. Swapped to ETH. Went to sweep. 0.15 it's like double the fucking price so yeah this morning i looked check supply looked everything
good transfer some bread over swapped to eth went to sweep and all of those are are botched and none
of them work bro so cost me a little bit of bread uh shout out to mac mac got on those early and
yesterday they started to rip last night so they're at 0.08 last night and now they ripped uh
This is like the third or fourth collection in the last couple weeks.
That I've seen Magic even have glitched floors for.
Those on-chain minis were glitched for the longest.
No one knew they were at .03, .006.
So I don't know what's going on on their front end.
But yeah, it cost me a little
money but yeah that collection is doing well a lot of art centric people are doing someone bought
a 101 earlier this morning for one eth um so yeah looking nice bro 200 are so listed so it'll keep
consolidating and keep running up i mean i know it's Matt. You still magic. You still use magic Eden?
Yeah, he's magic eating for damn near everything, bro
All right, I mean I will for a few things but like with the open seat thing
I'm just trying to put as much volume on there just to get that airdrop more but
Yeah, it's just I cross I mean I trade Bitcoin I'm doing it all so having it all available at one place is
Is just what is the ease of use rather than opening
a different tab, signing into different wallets and all that.
I think that that's the biggest thing to me is just it's a hub for trading when the platform
works well because it has everything that we trade.
OpenSea is there, but it doesn't have everything that we trade right from sold to none of that
So if you're only doing one thing, cool. you're not you know that's the the difficulty at least
for me yeah i mean when i'm going ethan at t's i'm fully on openc because you don't even have
cross-chain swaps so if there's something on eth and you have base you can just pay with base e
and don't have to even swap it over and pay for uh each so it's just very convenient
relay yeah they got uh emmy has relay too but yeah that's the relay service there i mean dude that's
a company that we should have gotten into fucking relay and li-fi and all these like all-in-one
bridges are now becoming more and more popular and they're eating on fees too 100 and the one
i was scrolling through and obviously the killer acid one was up like 143
it was from 0.06 yesterday to 0.16 up 0.1 e um and one day i was scrolling through and there's you
know moonbirds are sitting there yeah they're still above 2e fucking clone x continue the game
bids up to 0.13 again i was like is there any news like why are you guys sweeping
i found i just searched clone x on x and we have this guy that made a video he said he sold his car
for a clone x for he sold his car for three thousand dollars he bought two rare clone x's
for 0.12 um i don't know how he got the entire where he got that demand and then was at 0.12. I don't know how he got that. I remember where he got that demand. Martin was at 0.3 last
week, though. Yeah, his story
scrolling through, trying to find something,
wanting to sell his car, trying to find an NFT project,
and then conveniently bought
then he saw the whole Zapio
fucking wizard fucking shit,
I'm like, wow, what a fucking guy that never's in crypto,
sold his car, had so much conviction to buy two rare clone Xs.
Sounds like insider information to me.
But I was like, what a fucking great trade for someone that's a totally noob to the space
to fucking sell your car, buy two rare clone Xs, have that much conviction at .12.
as soon as there's a fucking tweet from the clone x community but uh people are sweet there
was six swept like just an hour ago like no why would you buy a clone x like that's what i'm saying
are you surprised though dude like this is like okay look when you get into a bull run like this
starts on three four months ago everyone should have been like going to eat and going to the
fucking blue chips and buying them all but people were like nfts are never coming back why does that
buy any punks because they're starting the season again right but the season takes a little bit of
time to warm up and so now we're at the part of the season where people can't get like the blue chips that
they wanted because they're priced out so now that they're gonna go for the blue chips that
are next up on the list that did well in the previous cycle so look if you're if you're going
on the top 25 of like ethereum nfts look at cool cats look at all these other things that were like
10 fucking eat 15 eat during the last bull they have the same power again like people will
be like oh the cool cats are cool they're cute we're gonna buy those they had price history this
is what he does so like right now dude people are just trying to snipe what's next like what
what's next for the fucking projects that lost all their liquidity and but still have a strong brand
you know what i mean like a presence a name legacy you know
board apes right now i fit like i hate i'm not a fan of the board apes man not at all but they're
at 15 eth right now and that's a fucking if i had 100 eth right now i'd be sweeping them shits bro
i'd be buying like six of them off the floor because the fucking those things are gonna start
flying too so no face are you are you saying that you're financially advising me now to sell my car and sweet cool cats yo you
should listen dude what kind of car do you drive well I'd have to get a car
first but then I could sell it's gonna say yeah the bus is only two bucks bro
you can't say depreciate pass it it probably wouldn't be best for you to buy
a car and then go sell you probably lose money there
But well, no face sounds like an expert right now. He said I need to go sweep cool cat. I don't know
Buddy, I don't know quote me this is a fucking recorded space
I just I'll say like I think there's definitely some people
trying to front run the NFT meta.
And I think that's a thing
and I can't wait for it to be back
I think what's happening with the Clone X thing
is I think there's rumblings
And I think we've seen the CTO playbook
on the NFT side on some of these legacy JPEGs. And we've seen the cto playbook on the nft side on some of these
legacy jpegs and we've seen that that leads to a pump right obviously pudgy penguins being like
the most popular example moon recent yeah and i think i think more of that volume is like due to
that speculation and not so much but i also think nfts never totally went away gambler gambler yeah they never went away but
look there's a new business model for nfts right like it's called ip right it's called literally
getting your product out to everyone like the pudgy penguin model is perfect dude like
you look at that model and you see okay they've managed to form a call community within Web3, right? They took that call community.
Then they fucking expanded into multiple stores, Walmart being the first, multiple fucking brand deals, blah, blah, blah.
Now they're everywhere, dude.
They're every fucking gif and meme.
But IP doesn't correlate back to you as the holder, bro.
Me having a fucking Blasto voice in my room and blast
It does when you're an oh pudgy penguin. No, it doesn't bro
They you're trying to look let's be honest. You're trying. Let's be honest me having a million Pikachu plushes
They don't go up in price the bigger Pikachu gets
If you have a pudgy penguin right and there's only 888 of them right and they use one of yours
for one of their brand deals oh so they have to use specifically mine so you're trying to say
that it's different from the brand oh oh wait chief that's sheep no i'm just saying like you'll
get paid off of that just owning that asset yes but you're missing no the overarching point is you said ip so my point is the ip growing
does not mean that my assets grow once again me having pikachus at my house the bigger pikachu get
doesn't add value to him but if you it doesn't matter dude if you have pudgy penguins right
and it creates like you have like 10 of them right and they go from a 20 million dollar company or
two million dollar company to a 250 million dollar company or 400 million dollar company
you don't think your pudgy penguins go up in that process
doesn't mean there's people buying them you're missing the point in this what has happened with
all this walmart with all of this pudgy penguins didn't run because of Walmart
Pudgy was then run because of Amazon. They didn't run your look you're talking about distribution
Listen pudgy penguins never moved in any of those news articles
It moved when Pengu token came when more money it didn't move because of IP
Let's be real. It got added to Walmart and the price did not go up for any
pudging human assets. You're not wrong though, but that though is a good thing for the brand.
It looks good, dude. Yes, for the brand. Unfortunately, me and you are not sitting
on the brand's board, so it does not benefit us. Let's be real. You're right. You're right. But
I'm talking about like, you're talking about as a holder, right? I'm talking about as a whole.
I'm talking about as a company, like it's something good to look at and be like
okay what did they do right what did they do wrong like how do you take a nft brand right and you
make it mainstream to the point where there's like cat chew toys with pengu's faces on them
and i have like my homie right i was at her crib
her cat brings me a fucking a toy right i look it drops it out of my foot it's a fucking pengu dude
and so that's what i'm saying she doesn't know about nfts dude she doesn't give a fuck about
that shit she just thought the thing was cute so that alone dude is what i'm after i'm like okay
so they broke through dude yes that benefits the people that are sitting on the board of that brand and only them.
I think this comes down to my question is what the fuck is going on with Clone X?
Because their own, basically Nike gave up on them.
If you're going to CTO this motherfucker, you have to get the Nike branding off or there has to be some acquisition.
So I'm like looking at this day when no one wants to be here. And why are people
selling their cars for Clone X's? Why are people sleeping Clone X's? Why is
Clone X up 4% with all this fucking
overlay on top of them? Like, is there actually
some kind of CTO that's going to happen? Is there some kind of acquisition that's actually going to happen?
I was going to get Murders up here. Murders murders are you up here bro it says you're connecting this
is the fucking guy that i would go for for everything artifact back in the day and now
his fucking internet is bullshit espresso the artifact fucking nikes were ill dude i was like
so stoked on that potential for like that being a whole fucking segment and then they just couldn't
keep it going dude like that shit was cool yeah it's then they just couldn't keep it going, dude. Like, that shit was cool.
Yeah, it's just making me think
when you have basically this overhang with IP
that, and it's such a big thing,
why would someone be sweeping this stuff right now?
Like, it doesn't seem normal.
There's definitely something,
there's something going on, obviously.
do you guys feel like there's a meta right now?
Because I don't feel like there's a meta right now.
And I feel like we just got through this InfoFi thing.
I think liquidity is pretty stagnant.
Some of these alts are cooking, that's for sure.
But besides that, I just don't see anything clear.
So that's why I attribute this volume in CloneX.
It's just like people are just looking.
Durs is my fucking argument. It's just like people are just looking Go ahead. There's there's is my
It's all speculation dude, and it's all gets pumped like by the people who are selling
But you see these sweeps come up and then like it's literally like the same groups of clones are on the floor
they're like there's there's
Absence pumping and dumping they're pumping and dumping they're pumping it like
like for instance if i have if i have a bunch of nfts to sell at 0.3 i can list them all at 0.3
and buy everything up to that price from 0.13 to 0.3 and then i can start selling my inventory at 0.3, and then I can dump the lower price inventory.
And the best time to do something like that is when there's any kind of speculation.
But this whole idea of a clone X takeover, it doesn't matter unless Nike drops us the IP.
We never got the IP. Our IP doesn't even include, if you have a piece of
clothing, like my shirt on my PFP says Clonex on it, I can't use that shirt. I can't even just
take Clonex off of the shirt and use the same hoodie. That's part of the legal contract. So
Clonex virtually has no IP. even they gave they gave Vega Genesis a
DCMA for coming out like using his avatar as its own
Because I was saying like you can tell that they're just buying and selling this it themselves like they're pumping and dumping
We there's no way you get around that swoosh right and until you
can get that check mark off like there's no no you could people can sell you as many tickets as they
want you know these are under smart contracts so you could technically actually do that right no
no you can't you can't change the metadata on you you're gonna change the way that the
data and clones are locked you can't you can't take it off it's clones is locked. You can't take it off.
How do you get around that then?
They minted this shit to us and then Nike
We've been saying that, bro.
You guys keep trying to find a way around this shit
as if they're like, we're telling you a fucking lie
and there is no lie, bro.
It's literally the way the law works.
Chief, they're not going to make more artifact Nikes.
Unless they go and they go against the law
and decide to go full-blown crime
and then you're going against Nike
who have way more infinitely money than you,
your mom, your family could ever have,
you like did you like the kicks though that they made when they did do no yeah i mean in general
some of them are nice the other ones didn't have them all they're ugly i have the murakami ones
and those are good the air force ones look good right there's the air force ones mostly look good
the air force yeah those look nice the the dunk ones look kind
of weird the white ones you know what you know what you know what got me though like they could
have actually went so crazy tech with these things they could have made them light up they could have
made like certain parts glow like they could have actually made him look futuristic like the
renderings because when i saw the renderings i was like are they gonna light up like the
back to the futures in a way like did they going to fucking light up? Like the fucking Back to the Futures in a way?
Did they change some of the designs entirely off the rendering?
After we bought them, bro.
I've had so much potential.
I mean, they could have done stepping with those animus eggs where you could have walked and opened up eggs.
They could have just done their own thing at Nike, dude.
They're fucking retarded, dude. I don't understand. They just canned it, bro. not even stepping dude they could have just done like a their own thing at nike dude like they're
fucking retarded dude like i don't understand like they just like handed bro yeah because it's too
much of a liability for a big company like for a big brand like that it's too much of a liability
starbucks too starbucks had that also for a whole year nike nike created that whole thing with the
sneakers app to like get you to think that you're not going to get the shoes.
You were never going to get the shoes.
You're never going to get these drops.
The only people that got the drops were the resellers.
Nike wanted that because the resellers were selling these shoes for $250, $350.
And who else is selling them for those outrageous prices?
Whose name's on the title of this webpage?
And so the only way Clonex can pump
is if fucking Tekashi Marikami is on his deathbed,
and this shit is going to fucking pump
because we just saw CryptoBats pump to .09
because Ozzy Osbourne died. So I feel like the only way that this gets like any kind of there's no
gonna be no cto unless they're like thinking about ctoing and then dropping some kind of
fucking meme coin to nft holders which good luck on that fucking meme coin which they promised dude
they promised us in the beginning we were told we going to get a grip token by the founders.
We were told a lot of stuff, dude.
There's a Klax action lawsuit going on over what they did to us.
Could that be something that they could do?
Because that doesn't involve Nike's IP.
Just have like a coin that's a Clonex coin.
Fuck, you guys could keep the IP.
We'll just move on and we'll just fucking represent the coin.
But then it's like a short-lived pump and dump because the majority of people that own these clonex are looking for
an exit anyways they probably dump the token so i'm thinking the only way that this clonex
collection could actually pump is if the kashimara kami dies and then that will be like a day pump
and you better sell it the day it happens bro you you can't look at volume too much either because
i can sell the same thing back and forth to myself and create volume that way.
So volume you have to take with a grain of salt.
But overall, now that I'm talking about volume, there's not a lot of money coming into the NFT space.
But we did just see Bitcoin peak a little bit.
And then it hit all-time high, not a huge percentage above the last one.
But you have Bitcoin retracing from an all-time high,
and then that goes into ETH,
and then these people, you know, they want to pump their NFTs
because there's some attention to the space,
which overall is just not there at the moment.
The attention in tech is on AI.
I mean, there has to be something happening because someone just spent $2.3 million on a fucking Basie yesterday.
It was free lunch capital, but that's the thing about it, too.
I mean, let's put that in perspective.
That's a Basie that he acquired on the FTX collapse, right?
he acquired on the FTX collapse, right?
So ultimately, he got it at a steal.
So when you talk about margins for win,
I mean, you get to a point where you're like,
how much bigger are my margins going to get, right?
From where I bought it and what I'm being able to exit at.
And then apparently he went to do punks, right?
So he took that buy, bought himself another gold ape, right?
Ultimately not a full gold ape but a little
bit cheaper pocketed 1.5 million and is now going to sweep punks with it
what up scotty what's up brother kind of weird that you show up when we're talking about clone
x two days uh two like two or three days in a row bro oh no i i i couldn't see who was just talking
i didn't know who was just talking
but man dude was cooking man he couldn't he couldn't have been you know it was almost the
same take i had um yeah it's just like and what you said to express the other day man like
i don't know what you could really do because nike's attached and you know i don't want to
you know regurgitate what we regurgitate what we were talking about but i'm sure there was some kind of stipulation in that in that you know in that contract like
when this thing you know when we go our separate ways we go our separate ways um so it gets really
really really really really tricky but man this this whole like nft is going to come back i just
feel like they're going to come back in a different way. Like whether it's an executable NFT, whether it's more things like Loudpunks
where it represents a membership, you know, or a ticket or, you know,
I feel like that always will have, you know, a place, especially gaming too.
As much as we dunk on, I don't believe in Web3 gaming,
but I believe in gaming with web three tech stacks.
Right. So I think that will, that will take off, especially when like GTA six, I'm not going to go
down that whole rabbit hole, but we already know, like there'll be sodium obviously as well, but man,
like for us to sit here and think it's going to be like 2021, like, I don't know who, what we always
say the space got smarter and then it felt like it got dumber with meme coins, but man, I don't know who, what, we always say the space got smarter and then it felt like
it got dumber with meme coins, but man, I really don't know what new class of people,
like the new people who come to Daily Alpha, please like comment in the comment section,
like you listen to Expresso Chief, Gambler, nothing but goats that come up here, you know,
all the time. You just heard what the other dude was saying, more alpha. No new person that comes with daily alpha is going to go buy some random new collection with like an AI dream, right?
Like we're going to warn you. We're going to be like, bro, that shit is cat.
There's no an AI data layer mixed with, you know, all the other word salad that people use.
We're going to warn you. We're going to be like, bro, man, D be like bro man DYOR on that for sure so I just don't see this even if they do the $2,400 a household that we
saw what day before yesterday with the tariff extra money like even with that
like it's people doing their own bags and selling to themselves and then if
you notice it's always like the same 20 KOLs which you know some of the homies
and I dunk on them in person they're always like
NFTs back and it's like no bro you're disengagement farming it's not even funny anymore bro it's like
corny now it's like like bro like everything you say is cap and so when you say this it's not even
funny it's not even engaging funny right like when Tmos does shit no matter how you feel about him
you be like man team fucking team us but like when you
see people that are serious about the space do this shit and you're like and they're like nfts
are back bruh and they're hosting a space for like 300 people you're like stop it man
they'll again though there'll be aspects of nfts that will be attached to real world utility but
the whole thinking i'm gonna mint a 10000 collection called the stone camel club and we're gonna save camels and
It never know I mean it was just like whatever animal hey at least they're not trying that no more because we used to bro
Like yo, you guys are gonna make me rich and then I'm gonna use some of the money that you gave me
To give you something back and people be like yo, that sounds like a great fucking plan like dude. Yes
Gang this is why in case y'all wonder why I sound butthurt today, bro
When I seen the gutter cat gang thing again, bro, and y'all know me bro I was good or got came for life, bro, but bro
I was but I got rappers to come in and try to do an album, bro
Like I really put my neck out there mindless is laughing because he remembers those days
Man, I was one of those dumbass gang gang people.
Bro, I wore my hoodie, the hat, NFT LA.
Scott, if you had a pick, what's a better experience for you
when you came into the space and you're new?
You've been here for five or six years.
What did you enjoy more, trading NFTs or trading meme coins i ain't gonna lie the
nfts bro there was never a vibe like that like coins are cool right you make way more money
you like especially now that we've been through cycles like we know what's up but bro sitting on
those spaces back in the day and like you could say whatever you want about on chain tv and everybody
that was a part of that show but just to be honest nobody knew everyone thought we would
like people were planning we would literally go on OpenSea click the volume or whatever bunny or
whoever decided they were gonna look at the blouse whoever was up there we would just click literally
and just go what are we buying it'd be the dumbest shit ever bro and then we would get all excited
And then you know everybody dump on each other's fucking head
And then we would just fucking be so happy to do it again the next day and it all started in Clubhouse man
Anyone that kind of transferred over bro. There's never and then the I will say this to
Gambler even remembers anyone who went to like the first nft la bro there's never been no vibe
like that ever since bro like when that all that wave was going and every like what you said chief
we're gonna spend a little bit of money on y'all when the little bit of money was like these hundred
thousand dollars sunk cost events bro like there was not like like yo if we meant out someone's
getting a tesla bro someone's getting a tesla If we can man out today, that kind of like leads to my next thing is like the class of 2021, which are all still here.
They're seniors. They've graduated. They're freshmen in college now.
And there's still nobody in that high school. But a little bit of a freshman class, summer school class showed up in 2024 following Orangey and the Mean Points.
school class showed up in 2024 following orangey and the meme coins and so for us as the people
that are in the space you just said it yourself if you're going to recommend something for new
people to come in the space you're probably going to say this hey fuck those meme coins that's a
fucking bundled griff that's a bunch of pump and dumpers i actually think if new people come to
the space especially the class of 2024 that came in recently they got wrecked on meme coins they
actually haven't dabbled in NFT space.
And there might be some curiosity there,
especially when the majority of the people in this space
Like, what is this NFT thing?
Oh, you guys are recommending it?
So I definitely think if a new class of 2025 comes in or 2026,
I do think they haven't dabbled in NFTs yet.
And a lot of people have fond experiences
and actually prefer that trading experience more than meme coins. So i definitely think they could have a revival just by new people coming
in the space and getting referred to it by people that have been in the space before them
i put it up to the top again oh my bad chief no no i was just saying i put it up to the top again
i mean uh scott i know that you'd like to read it uh it's something that would be probably
beneficial for you but anyone that's into collectibles definitely check this out because
i think that after rereading this as someone who's been in this in real life for a long time
It's they're starting to in a sense deem this right and and you really see it with coins versus nfts
It's like soft core gambling versus hardcore gambling
Right and then you translate that down into the easiest version of that to like gachapons, right? The idea of you know you're gambling, but because you come out with some sort of prize, whether it's the one you want or not, right, that's the gambling element, but you come out with something, it's a little bit different, right? And it kind of positions and just explains the difference between sizes of swings and types of gambler.
The poker player flexes the pocket twos, the pocket kings, right?
Versus the softcore gambler flexes the whole labubu set.
It's, yo, look at what I did.
I managed to complete the collection, right?
So it's less about size and position on the leaderboard or just financial
gain, but more so about aesthetics, a vibe, something that you can leave with that enhances
the experience to do it again. And so I can see that divide, especially with NFTs, right? I say
it all the time. I mean, I prefer JPEGs because even if I get rugged, I have at least something,
a little picture to look at, something that connects me back, remnants of other community
members, right? But it's soft core gambling versus when I'm sitting here and doing these either
hit or misses, which are the majority of meme coins, right? It's either the slot machine pays
you out or you go to zero and you go to another machine and you load more money in there and you
play again. So it's just, it's hit or miss. It's where do I land on the leaderboard when this is
done, whether I start again or not, not, oh, the experience was fun. And just the prize is
secondary. Go ahead, Scott. Bro, you do, you just hit me in my soul. And I've, I've talked to both
of you about this. Like anyone who's seen my Funko collection bro it's not prideful
bro that was so you know I have a very addictive personality so when you know I obviously was
always physical before digital but that's why it was so easy for me to grasp digital because I was
addicted to fucking physical so it was just an easy move for me and then now my dicks my crazy personality
I don't even care about my physical things anymore bro like and now I'm stuck with you know a
a house worth of fucking physical stuff of course like he-man the stuff that you know reminds me
when I was a kid or the stuff I had when I was a kid i'm gonna keep that but all the new stuff that i got
was what you said chief it was about going to comic-con maybe getting uh you know how we do
it in web3 you meet the founder of funko and then you know you meet the workers and then you get the
little wristband so you don't gotta wait in line and then you get invited to the party the party
they give you a c for pop you don't know what what that is, but you got to pay. But if you didn't get the chase, you were still showing up again, right?
It wasn't always just about the chase.
It all started in the arcades for me, man.
I didn't always walk away with something.
And then they have straight-up gambling games on the real.
They have actual just games
where you're just you're just gambling except you're gambling for tickets and then you always
want the tickets more than you actually want the prizes because the prizes suck uh you want the
tickets and then you realize you can't actually get anything good with the tickets yeah that's
all this is huh it's like one big chucky chiefs yeah yeah bro that's what i started telling people
literally use that example when i testified on that deep end bill.
I said, you know, they're like, don't.
I was because they were trying to compare it to the financial system.
But I said, ma'am, have you ever been to Chucky Cheese?
You have grandchildren, right?
You only can use the certain tokens.
You know, I can't put quarter in.
It ain't going to work at Chucky Cheese.
If I put a dollar in, it's not going to work.
I got to go get the certain tokens for the Chuck E. Cheese infrastructure to work
So it's funny you said Chuck E. Cheese got literally told
That example that each one of these is like it's separate Chuck E. Cheese whether it's you know a mean coin to physical info
Well, and I guess now right I mean I might be I'm probably dating myself with the Chuck E. Cheese a bit
I have a bit they have the loot boxes, right?
Now it's loot boxes on Fortnite and all these games where you're buying a loot box,
but it's a mystery box and you're gambling on whatever the fuck.
But that's the soft core gambling that I was talking about, right?
It's this immersion of it's not whether or not you're gambling twice.
You're the number one Fortnite player.
You always get all the kills.
That's the hit or miss hardcore gambler.
Where I land on the leaderboard matters.
And then you have the other people.
Well, yeah, I'm not that good, but look at my loot box wins, right?
And then I probably have more cultural prestige than you do, right?
You're the number one player, but I have the rarest Counter-Strike skin.
Who's going to want to talk to who, right?
So it's a different level, too, in this collectible world where you're separated based off of, I guess, the style of gambling, right?
Whether it's this fun, passive, oh, this is quick, but I at least feel good, versus it's either i make it or i don't and
i'm gambling go ahead yeah don't gamble don't worry there's an adult chucky cheese that are
getting revamped bro they're moving from kids and they're getting back to adults bro beer it's gonna
be like a dave and busters uh for kids it's gonna be chucky cheese adult so don't worry your
nostalgia is coming back you'll be able to go there. Go ahead, Iceman. No, man.
I was just, there's a grin with Chief here.
It used to be like taking the wife out to like go have like a nice evening or whatever.
We'd go to the casino, spend like a thousand bucks.
We didn't have any experience.
But it's easier now to talk her into spending a thousand dollars on Pop Mart and actually
getting something and then possible return on it.
Times are definitely changing.
So it's way easier to take that gamble and have that NFT or that physical as that experience.
And I read an article today just talking about that.
But that's their whole business model.
Well, I was really getting you into it.
Their whole business model is selling out and having you repay.
Well, just real quick, depending on the individual, how much of that is actual
cope, right? Like how much are you saying, oh, because for some people like Chief, okay,
he actually means it when he says, okay, I end up with something. For other people,
if you're a gambler, sometimes you come up with excuses or reasons, right? And you're
like, well, maybe I'll end up with something. Maybe I can sell it for more. How easy is it to actually do that? And will you actually do that?
And how much? But that's the difference in the style of gambler, right? The soft core gambler,
the woman, let's just to put it frank, is what the article was saying is that most women fall
into the soft core category. They're used to flash sales for lipstick, right? They're used to the ability of spinning a wheel and using my points to potentially get
a $50 lipstick for 20 bucks.
So it's really the demographic of who you're going to because the leaderboard gambler will
always weigh himself on whether he got the chase.
The softcore gambler is satisfied with the ability of securing the product and
participating in the experience, right? So you have that blend of the two. And it's honestly
about being honest with yourself on which one you fall, where you fall, because everybody has a
little bit of that in you, right? Whether or not you want to shoot for the fences, and you're okay
with not making it, but next time you sit down, you want to shoot for the fences again. Like,
yo, it's going to work, right? Or you're just, hey, I want to do this small and passive. And I saw an
article this morning that was actually talking about why Vegas is dying, right? You see that
Vegas is down 11% in tourist and revenue for this month in this quarter, right? And one of those
things that people were saying is that the immediate dopamine hit, right, is completely
different. And now you're able to receive that one from your phone and two in so many different ways
that you can either hardcore gamble or softcore gamble and you no longer have to have the
traditional put your money in a slot, spin it and go. You can now cater to the softcore gamblers
that it's not. I sit at a poker table and
I lost all my money. It's a sad drive home, right? Which was a lot of people, the majority's people
experienced when they went to Vegas. So now you're getting a shift in almost consumer, right? On how
they're participating. Instead of going to Vegas, they're going to quiet places, but they're getting
the dopamine hits from social media, fromiktok from these small little micro transactions that are facilitated through your
phone so almost like casinos are a thing of the past and boomer like right and it's a shift of
how it's happening and it's a shift of it's a shift of the consumer and it's a shift of the
culture right like in the last five to ten years we've seen those laws that made it illegal to gamble mobily go down, right? And so then we were able to gamble from our phones. gambling to be promoted on sports right and today in 2025 you can't watch anything without
draft kings fan duels something being shared and i think that falls into that same category of like
soft core your first bet's free now you're just watching the game and it's just like so so much
opportunity to just lose your money and it's it's way easier for them to take your money on there
than it used to be when you used to just go put bets at the's it's way easier for them to take your money on there than it used
to be when you used to just go put bets at the at the casino or whatever it was one place there's
only like two places in the whole united states you could actually legally gamble uh it was like
las vegas and like new jersey and now it's basically being vampire attack and everybody
could do it from their couch but i also think like it is a demographic thing like people that
grew up on vegas that was like moving to la or like, I'm going to move to LA or I'm going to go to college.
Like this new generation, the Zoomer class is anti-socialist fuck, bro. They don't want to go
out and hang out with people and get drunk. They want to pop Molly and go to EDM concert, bro.
Like I think it's also like the younger generation isn't this social class that wants to go get
drunk and go to strip clubs. They want to sit behind their computer. They want to have their friends. They want to do
different drugs than what the boomer class did. And it's just, that's how it's actually
expanding is like the internet culture is taking over. And just like NFTs in general,
I think Scott's right. It is a place of just going to be more utility, but I think it's also
been used of like a proof of personhood. Like you see a lot of bots that are getting into like airdrops. Kato just did it. I think an NFT,
there are other ways to game it, but it's a new way to actually identify real people.
And then you're starting to see like projects like Kato and Ethos and these others actually
use these NFTs as ways to get people the coins instead of giving it to AI slop.
It's like a better way. It's like a passport of humanhood.
And I think that's another way you're going to see it.
And that's why these NFTs in the past have pumped like Kato is down to 0.7. Thank you.