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Wonky Stonks ATH Waiting Room (ETH NFT SZN)
Recorded: July 21, 2025 Duration: 0:53:09Space Recording
Short Summary
Crypto enthusiasts are buzzing with excitement as the NFT market shows signs of resurgence, with significant trading volumes and bullish predictions for Ethereum and NFT collections. The conversation highlights trends indicating a strong growth potential in the crypto space, driven by institutional interest and community engagement.
Full Transcription
Thank you. gm gm man i just had a crazy fun night um one of my buddies works at this like weed in like elevated munchies slash stoners tapas um place which i've never been to
something like that before um and it's pretty much like it's pretty much like a like a cocktail bar but no cocktails and it's a reefer and
pretty much anything you want
and a bunch of
stoner tapas
it was pretty cool
we got everything
this is in Florida not
Colorado right?
no this is in Colorado
I don't move to Florida until next month
okay okay
I'm confused on the timeline my bad yeah This is in Colorado. I don't move to Florida until next month. Okay. Okay.
I'm confused on the timeline.
My bad.
Yeah.
It was pretty cool.
Had a blast.
Yeah, it was pretty fun.
It was a good day.
And, you know, obviously, Stonks running as well.
Always a good day.
I mean, long overdue.
But, you know, here we are. Nothing changes.
Vision's still the same.
Dude, all-time highs within sight.
And I say that because it's like, you look at it right now, ETHNFTs are moving.
Floor is thin.
You know, we've seen this before where it'll find a point where it kind of chops out a little bit.
And, you know, but eventually here's the deal.
Every other pump we've seen like hasn't coincided with a real ETH season.
Right. And I think that ETH is finally becoming risk on again.
And like you just look at what happened today with a bunch of different collections.
And like you just look at what happened today with a bunch of different collections.
But I mean, honestly, like Stonks are probably the best example because there are not many collections right now that just pumped 90% in a day.
And it didn't take too much volume, like about 10-8th worth of volume to be able to pump 90%.
And if you look at it again, another 10th of volume,
let's see, what is, let's see what like a 50 sweep would do.
50 sweep is about 10th, I think. Yeah, that's exactly 10th. And a 50 stonk sweep would take it to like, you know, 0.23, 0.234, which is like another 50%.
So point being, it really just, it doesn't take too much to start to get the ball rolling on this stuff.
Right. And I think that whenever the market becomes risk on, man, I mean, like, it's just one of those things.
You look at the previous highs for where it's been, four years' worth of just consolidation, it's going to sit.
It's a matter of time.
Kind of what you had been saying in the past,
wonky stonks in that .05 area, if you ever are lucky enough to see them,
is one of the freest trades of all time.
Because eventually it's going to bounce back.
I mean, every time without fail.
Yeah, no, it feels good.
I mean, you know, on paper anyways, nothing, nothing changed.
I'm not. Yeah.
Not selling songs here.
Much higher with pace when you pick out up here.
Oh, look, before I even look,
already requested.
And for those of y'all that are in the audience,
if you want to join the stage and come hang out, feel free. We'll, you know,
we're just vibing talking, talking stocks primarily,
but dude also talking to ETH NFTs too. So, you know, like,
long as the vibes are good, feel free to come and join man i mean you know obviously again uh community that um have up
there centered around the stonks but dude i mean all in ethan ft's are ripping like it's each season
so if you want to come up like punk's, perfect example, ripped, you know, $10 million sweep or $8 million, whatever, nearly $10 million sweep earlier today, up 18%, which is amazing to see.
Because as punks go, punks are the Bitcoin of NFTs, which this sounds, people are going to call this crazy because I know we've got a few like Bitcoin maxis
and I want to say maxis, but they're not really.
They're like ordinals maxis on the stage because I want to say that they're Bitcoin maxis
because Bitcoin performed so well during the bear market that they kind of like converted back over to Bitcoin maxis.
And dude, at the end of the day ordinals are great and i'm bullish on ordinals
but eth nfts are the bitcoin of nfts like it just is what it is and they're the og they are the
premier they are like the blue chips reside on e and. And as ETH pumps,
the NFTs are the high beta play on the L1 that they're built on.
So like,
ETH NFTs are going to have the revival
that we've talked about.
Waiting for a pick-up to do his thing.
Yeah, I was waiting for it too. Waiting for a pick up to do his thing. Yeah
Higher Higher! Puppet!
Higher!
Puppet!
Higher!
Pisterio!
Pisterio!
Send Starks!
Send Penguins!
Send Punch!
It is the season, baby!
Believe in a golden ball.
The institutions are here and they want your bags.
Be the bid you want to see in the world.
And as always, fuck it.
Hire.
Come on, baby.
Hire, hire, hire, hire, hire.
Golden ball.
Golden ball.
Golden ball. Believe in something. It's Jubilee July. Higher! Higher! Higher! Higher! Higher! Golden Bull! Golden Bull! Golden Bull!
Believe in something!
It's Jubilee July! It's about to be abundant August!
It is real! The super cycle you have been dreaming for!
It is here in front of you!
Believe! Higher!
Send stocks to 10 ETH with haste! Send the penguins to 100 ETH with haste! Punks, $1 million USD is FUD! Higher, baby! ETH, teleport, accelerate! Bitcoin, new all-time highs! Believe in something! Alt season, send the memes! Doge to $ dollar is not a joke It's not a meme
Believe in something
Good morning, Bulls
Bears are cocked, Bulls in control
Bull up top, fuck it, higher
Let's go
Man, I'm feeling that
I appreciate that It's got me hyped that's gonna push me another like
extra 30 minutes of staying awake right there um we are so bad baby come on
i did say dude i did put in the Citadel earlier today.
I said, tonight is the night I finally get a formal noise complaint from one of the people living around me.
You know, dude, when you psyched me out saying you were going to not host the space,
I was sitting here prepping to go to the car so I could really scream.
And then I thought about it.
I said, you know what?
Fuck it.
Let me turn up the living room TV to the max. and hopefully that drowns out a little bit of the sound and
and I don't even know if you got a hundred percent there you know I'm I'm sitting here I got to wake
up in five and a half six hours but keeping it a buck all it is is higher baby it's the vibes we
vibe hard and then we vibe harder shout out Shout out all the OG stocks in the chat.
See some newbie guys up here.
It's good vibes, man.
It's been a good couple weeks here, and I don't think the fun is done yet.
You know, I think we're really just getting started, man.
I fucking believe, Kaleo.
I believe. I believe that this space is going to do massive, massive things that honestly most of the people in this space probably can't even comprehend.
You know, it's just inevitable.
Stocks are inevitable.
Bitcoin is inevitable.
Ethereum is inevitable.
Send everything with haste.
Bro, I want to give some credit real quick to Rooster because I sent him a text a couple hours ago asking, I was like, Hey,
you want to run a space real quick with me? And you know, he,
he texted me back about shoot 15 minutes ago.
And I was just about at the point there I've been doing laundry and cleaning
and like working on packing all day because I've got like I'm leaving Wednesday
to uh this Young Life trip I'll be gone for a week there I mean I'll still have some service
and stuff throughout the week right but like um especially dude it's gonna be freaking 18 hour
bus rides my god pray for me on that.
So I'll have a lot of time during that to be able to get on and DJ and do whatever else.
Days in between, not as much.
But yeah, so, you know, I've just kind of been prepping for that.
And I like packing, doing laundry, that type of stuff.
This is like one of my worst character traits.
I hate it. I absolutely hate doing it.
Tires me out. And I was looking for an excuse to stop but whatever rooster texts me i'm like okay you know what i i could like
i could do a little bit more as i continue out of the space it's a good good way to knock out
two birds with one stone and you know then on top of that, get the unexpected, which should be expected at this point.
Just the bullish, I don't want to say, like,
what's the best way of putting what we just heard from PitCon?
Just tire, man.
That's it.
It's tire.
It's up only season.
You know, like, those are the vibes.
Those have been the vibes long time it's
it's inevitable dude you know sometimes you just got to sit and wait but it's it's not a matter of
if just when you know and that's how it's always been or that's how i've always felt right so max
allocate to the stuff you love and hodl amen brother right well so from here we've got let's see um if you are just joining the space
or if you've been in here for a minute if you could show some love to that tweet that we have
pinned up above hey you can reply to it with whatever the hell you want i don't care you know
in the essence of what pick god said, I think would be appropriate.
Higher in all caps, in my case, is what I'm going to do.
Give it a like, give it a retweet, drop a comment, do something like that.
Get some more people in here.
I think the more energy we have, especially, you know,
during ETH NFT bull season, the better.
But, yeah, step number one, do that.
Step number two, we've got somebody else new on stage,
have not given him the chance to speak yet, Spencer Farrar.
Don't think I've had the opportunity to meet you yet.
Have a few mutuals in the follow section.
Why don't you give you an opportunity to introduce yourself?
I appreciate it.
I don't know how to back that.
I don't know how to follow that up, that performance just now.
I need to, like, shotgun a couple Celsius to mash that level of energy.
So, no, I was just interested.
I think what's interesting about the market right now is that a lot of things are ripping. And so you've got pretty broad exposure across Riot, ETH, Stonks, Punks.
And yeah, I was actually curious for you,
just thinking through like concentration into winners over time
and how you're going to balance the portfolio.
But it sounds like you're going camping,
which might be the best thing for you to just hold your bags,
come back, force diamond hands into a trade,
and hopefully things are higher.
But yeah, generally just thinking about
like concentrating into winter and how you're how you're playing that i guess dude ideally over the
next couple weeks i'm not touching anything um i i feel like a lot of the past couple months have
just been preparing for the last couple or yeah when i say the last couple months the last whatever
several months have been preparing for the, you know,
where we're entering into right now. And, you know,
I think you just kind of ride, you know, like there,
you're going to see a lot of different winners popping off left and right.
And I think one of my worst character traits is trying to chase after every winner as they happen.
So sometimes being able to step away from the screens a little bit can be helpful.
You know, I think right now, again, it's just thinking, like, what are the high momentum bets that you see conviction in?
You can hold for longer than that week or two.
And I don't know, man. I mean, like I, the bull market,
in my opinion is really just getting started. I really do think this cycle is going to be
different than previous ones that we've seen where it already kind of is where the fact that
we're getting started this late past to having, um, if this is really where things are ramping
up instead of where they're peaking, it's a much later ramp up than what we've had in previous cycles.
And I think it's going to be longer and higher.
Also a longer lower bear market at the end of it all.
What do you mean by a lower bear market when i say a lower
bear market i mean like typically we're used to the four-year cycle right where you've got
the beginning of like if you look at it all defined based around the having you know from
the having on the first quarter So the first year past the
halving is basically kind of defined as like that ramp up period where you're breaking your way out
of the bear market, starting to accelerate a little bit. Second year, usually early on into
that second year, somewhere in the middle of it, you end up getting the peak for the cycle and the start of the bear
market. The third quarter, that third year, you're just in the heart of the bear market.
And then the fourth bear market kind of bottoms out. You're starting the ramp back up
into Q1 and repeat, right? So when I say lower for longer, doesn't necessarily mean that the percentages
will be any different, but I just mean it'll probably be a slightly slower bleed across
the market as a whole for a longer period of time than what you're used to seeing with
that typical, like, you know, you're in and out of it within a couple of years.
Right. I mean, I like, I i don't know kind of makes sense but
also at the same time like if we have an extended bull market that just means the next happening is
closer um for when the bull market ends the way the way i think about it actually is like if you
look at implied vol if you look at bitcoin volatility over the last year it's basically
halved and i
think a lot of it is the passive money that's come into the space with the etfs and so i just think
that like you have all these tailwinds with people being able to buy crypto in their retirement
accounts i know trump was signing some some bill last week and so i just think like the volatility
is sort of started to come out of Bitcoin over time as it's institutionalized.
So, I mean, I could see Kaleo's point that we just might not have as dramatic of a drawdown.
Well, dude, my honest parallel for what I think is going to happen, though, I actually think it's going to be more.
There will be a lot of similarities, in my opinion.
Could be completely wrong on this extreme opinion,
but toward the tech bubble, like 98 through 2000,
where you just saw these ridiculous valuations,
everything just kept sending way higher than it ever should have.
And the tech space after that, like, you know,
when you look in the early 2000s through mid 2000s, ended up just bottoming them out for a longer period of time, where a lot of the valuations of those companies weren't ridiculous anymore.
It took a while before a lot of them recovered back to those all-time highs.
But a lot of growth was happening in the overall infrastructure of the space.
A lot of growth was happening in the overall infrastructure of the space that if you stuck around, right, like the tech market has still been the best performing sector over like, you know, the next decade and a half past that.
So I kind of see something similar happening with crypto.
Like, as it finally, like, I think this bubble is where it finally just bridges fully mainstream.
That's what pushes it higher for longer.
You know, the halving itself just doesn't have as much of an impact.
Obviously, by nature, it halves.
Just so many things from a regulatory perspective, from a tech perspective, from the institutional perspective, are lining up where it just makes sense that, like, I think this is going to be the real bubble slash bull market bubble that we've been waiting for.
I think like we've even seen a blip of actual, you know, retirement money coming in.
I think majority of the influx in price is probably for the most part institutions, you know, other large entities in a couple countries.
Right. Because, I mean, even right now, everybody is getting excited, you know, all season, each season, you know, yada, yada, yada.
is getting excited, you know, all season, each season, you know, yada, yada, yada.
Gas is one way.
So I don't think we've even, you know, scratched the tip of the iceberg on anything as far
as all season goes.
Yeah, I agree.
I think there's a lot more parabolic green dildos to come.
So Spencer, are you much of like, how degen are you?
Are you a meme guy?
Are you an NFP guy?
Are you just strictly like, you know, you sit in majors, play it slow?
I'm pretty degenerate.
I look buttoned up because I work for an investment fund, but been in the space for a while.
So I definitely blew a lot of money in all the last couple of weeks.
And then I just concentrated my portfolio into Ethereum and luckily caught this trade.
So I don't have many NFTs.
I used to have quite a few.
I worked on Solana back in the day.
So I had quite a few Sol many NFTs. I used to have quite a few. I worked on Solana back in the day, so I had quite a few Solana NFTs,
and a punk at one point.
Otherwise, not in the NFT space as deep as you guys,
so I'm here to learn.
I'm here to learn.
I think one other interesting point
that I thought you brought up was pretty good.
I don't know if you guys have seen the, there's a really good chart basically showing like, um,
chat to chat to BT adoption.
And then the fractal that they're using is like the.com bubble.
And I mean, there's just so much room to go higher here.
So I'm, I am pretty bullish and I do agree with you, like, pretty early on in a pretty strong bull market.
Dude, I want to just say, you know, Clay, I'm sure you could say the same thing and a couple other people, but it's crazy how fast the vibes can just shift in a few weeks, man.
Shout out to Basho, but there were guys in there telling me we weren't going to see an all-season, like two weeks ago, you know? So I think it is a little bit important to keep a level head and, you know,
maybe don't max out the lev slider here and get licked for no reason.
But I don't know.
One of my favorite Abacho quotes is,
my mood solely depends on the price of butthole points.
It's real.
It is real, bro.
Yeah, no.
Emotions change quick in the space.
I mean, green candles,
everybody's happy.
I mean, you're short, which
I don't know anybody trying to scalp short
or anybody that should be.
Capo, probably.
Somewhere, bro.
Trying to scalp short in this.
Bro, there are random accounts that like do it, I think, just for,
I think they believe so much in counter trading themselves
that that's the only logical explanation that I can think
for them just continuously posting arrows straight down.
I don't know if Capo is like that guy, but like thinking BitMEX, for instance,
he just continuously posts as it goes higher.
He's like, bear market confirms,
draw another arrow down.
The only explanation I can think of,
I don't think this is a stupid guy.
I think that he is just so determined
that he wants to counter trade
himself that he knows what he's doing with it and like maybe i'm giving him too much of the benefit
of the doubt but there's no other logical explanation in my mind at this point that
anybody really truly is fading this i like but you know you're right we had guys
literally a month month and a half ago you were still seeing people saying oh you know the double
top is in kind of like 2021 the double top those charts were left and right and none of it makes
sense from a perspective from a true cyclical perspective,
none of the bull market indicators really were lining up that we've seen it. The only thing that
people can point toward that would be semi-accurate that I could agree with from an eccentric point
of view would be the growth that we had in the meme space. But like the meme space is so niche.
And when you look at like the overall percentage
of the total crypto market cap that memes account for,
it wasn't enough to really, you know,
shake things up like a true L1 season would, right?
And that, in my opinion, you need a true L1 season.
I think that like as Bitcoin continues to push
to new highs,
it starts to make the risk-on trade of what is the next ecosystem to do this.
Especially from the regulatory perspective,
we're getting clarity, what can you invest in?
What can you not invest in?
We're about to be risk-on.
Risk-on is L1s and risk on NFTs are call options with no expiration date on the chains that they are issued on.
Like it's that simple.
Dude, yeah, we haven't on-chain, like active on-chain wallets are going to like probably a couple of months from now, not even maybe, you know, just, just depending on how the market goes. I think, I think peak this cycle, I mean,
we see minimum of maybe even multiple 10 X of, uh, you know, active on chain wallets.
Um, I, they, I, I really don't think that.
Dude, Clay, what was that thing?
The last time it's grown was when, um, when, when was that thing you started? The last time it's grown was when Trump launched TrumpCoin.
That was the highest peak of active on-chain wallets that we've had this cycle so far.
What was the number for the NFT market cap in total?
What was it, like $6 billion?
Just pinned that as you were asking that.
$6 billion.
Dude, that's peanuts, bro.
That's like a pepe you know a
little more than pepe right i think pepe is somewhere around there yeah that's that's nfts
six dude wonky stonks right now criminally low just outside of the top 100 as far as total market
cap valuations sitting just beneath five million
dollars for their total market cap right like absolutely nothing from a market cap perspective
if they had the same spot from a just pure coin perspective let's see coin gecko let's see what
the you know what is the top 100 right now to be in or the top 110 for just the coins themselves which i'm not saying it's
apples to apples at all don't get me wrong with that like oh why is this so slow at loading
um if you're looking at total market cap for the top 100 the same spot you're looking at a i mean one over 1.1 billion dollar market cap
i like in my opinion nfts deserve i think dude you could even go through just the fractionalized
like the mean coins and the valuations of them versus the valuations of the top nfts like it
doesn't make sense that they're this low in my opinion like six billion dollars puts nfts as an
entire category like all nft projects together would put it as the 35th largest 35th largest coin for all of them together
the 35th largest coin
that's criminal
it's just
like the same
I think some of that too right is like how the NFT market
like it's not like we have a ton of
super high value projects
in the NFT market right there's only a handful
you know
yeah I mean bro the same
narrative that made nfts bullish the first time around that brought so many people into the space
that made them so identifiable and easy for people to get and understand and click with
the first time around are going to work again like it it's, I don't know why that is such a hard concept for people to grasp.
I think it's because the majority of people that look at it,
either A, sat on the sidelines, the entire last NFT bull market,
and they're like, ha ha, I told you so.
Like my thesis was right.
You're dead.
They're wrong.
Or B, the majority of people that came in and like experienced success from NFTs
the first time around were new market entrants, and they have not seen the way that death precedes life in this space.
Just no other explanation to me.
The lack of conviction and belief across the space at this point is ridiculous.
It's starting to wake up a little bit because people like for them seeing is believing.
But I mean, the narrative hasn't changed.
It's going to be so much bigger than it was any time in the past.
Dude, wonky stonks.
Right now, look at stonks.
Absolutely free. You look at a historic piece of generative art,
one of the first pieces that have ever dropped from that scale
that were a free mint, literally three at the beginning,
for anybody to claim who had a wallet,
that were issued right whenever Bitcoin and ETH were breaking out
in a new all-time highs,
bridge the gap between traders and NFT collectors have a recognizable,
you know, recognition from every OG within space. It just makes sense to me that again, like, dude,
people laugh whenever I say 10 ETH. I'm like, dude, 10 ETH is probably FUD for the way that like history and art and all the above,
the type of significance that these type of projects that have stuck around throughout the bear market will have in the midst of a raging bull.
There are only 8,736 stocks.
36 stocks they're like the same bug that people complain about over a lack of liquidity during
the bear market is the same feature during a bull market that drives them higher like it is one of
those things it just is intuitive but people are afraid to really think outside the bubble
yeah dude basically what i'm hearing is they're free as fuck send the stocks baby send the eth nft market i mean yeah dude like in and you know same thing
og mentor i'm sure there's a couple og mentors here in the thing but dude it's like that's
really what you know maybe i would have kept stacking btc but i don't think i would have
nearly as much crypto exposure as I do today without the stocks.
Yeah.
Hanging around in the bear market with like eight people in the space, 12 people in the
space.
I still remember the first space I came up on in Pittsburgh.
My roommate was looking at me like I was a crackhead.
He's like, dude, what are you doing?
Before NFTs, I had maybe two buddies I would text about for crypto, and it wasn't frequent at all.
But before NFTs and coming over to heavy deep into crypto Twitter, dude.
Even just connecting with all the people that I did, worth more than the money that I've been on NFTs in general.
I'll take one PCI trip a year for my bags forever. that has been on NFTs in general. Like, some of them, yeah.
I'll take one PCI trip a year for my bags.
Forever.
I'm cool with that. I can live with that, bro.
Yeah, I mean,
I'm going to be 30 minutes away
for the foreseeable
future in the next month.
So, yeah.
I'll be doing probably quite a few of those
trips, maybe a week.
Just send it all, Kaleo.
I just need... The caps lock
has been on for a couple weeks straight.
I literally think my phone's going to break.
The Ibasha group has to be getting sick of me because i don't think i contribute anything to
that to that chat i literally just sit there and say hi over and over again bro one of these days
all i'm saying is there's going to be a period again where like the just stupid buying is back across the market. Doesn't take much.
Like every collection that has a heartbeat will see life. And the ones that have been leaders during the bear market that have actually survived are going to be leaders during the bull.
I really look at it where I'm like, dude, I think a project like Stonk's the beautiful part about it.
Not seeing these massive highs somewhere in the
past is it's not like whenever they break out it's not like some projects where it's like oh
that might be a dead cat bounce it's like when stonks enterprise discovery the type of euphoria
that we'll see it's just it's going to be unmatched as far as the vibes are concerned
for the stonks holders versus somebody that's okay, I'm a goblin town holder.
I saw like 70th at one point is a floor.
And now we're back to 0.5, like assuming they ever get there,
they probably will.
Like there's a difference between that.
And I think being somebody that is a stocks holder, it's like, bro,
this is the first time that we have ever seen that the euphoria.
And I think the belief of what the collective community sees it doing, it's like bro this is the first time that we have ever seen that the euphoria and i
think the belief of what the collective community sees it doing it's just different so yeah dude
it's it's exciting you know and i can keep waiting i don't mind i've been waiting three four years
you know it's uh it's a game of patience a little bit but like you said dude there are that's it's hard i mean
i can't even think straight but a lot of first people's nfts right and that's like i feel like
it's just a branch of of everything else that's been going on here the last couple years right
a lot of pudgy guys some punks some pandas littles. You got some birds in the chat. I see my man out there, Metaverse man.
Shout out to him.
Pushing birds since .1, like about a month ago or so, in the Abasho chat.
He got a great call there, bro.
Great play.
Higher, Metaverse man.
metaverse man higher come on baby
Higher.
Come on, baby.
all right we got a new speaker on stage i think digital dash
um you know i saw you reach way to a lot of stonk stuff so i wanted to give
you a chance bro sometimes small accounts are
some of the best ones so welcome to the stage
so welcome to the stage
well RIP if you can speak later you are welcome to
I appreciate you coming up regardless
so we'll still give you a chance
yeah bro dude I'm,
I'm looking at it right now.
Again,
it's one of those things.
I'm like,
I'm just excited about the direction of where everything's heading over the
next few months.
Things are waking up again.
We're going to have boundless opportunity.
If you feel like you've missed stuff right now,
trust me,
man,
there's going to be random weeks where you're going to just have something
that you never would have expected that'll pop up and could change your life.
Just a matter of continuing to show up.
Just continue to show up.
Continue to put yourself in the right position for those type of things to happen.
You know, bet on strong communities.
And I like I'm obviously biased biased here i think that's a huge
reason why wonky stonks will win um so you know again just looking at it it just it makes too
much sense man like the stonks will win at the end i think having a high conviction belief in
something i could have walked away from caring about the stonks a long time ago you know but like the people are what
make the project the art i think is something special the story is something special and you
know like i i don't look at it from the perspective of what's going to happen over the next few months
or few years i really dude i look at nfts as one of those type things it's like
the same type of trade as art or any other collectibles they're going to be periods where
they're not sought after but dude when they are like they are the biggest flex for a digital
identity that exists right like you know for a long period of time nobody cared about pokemon
cards they did for a while and then by the time they did again, like, you know, look at what they did.
Sports memorabilia, similar, right?
Like a lot of major art, similar.
Like, it just is one of those things.
The collectible space is and always has been and always will be a major flex space.
Wealthy people like to park capital and move capital through this type of medium.
It's going to continue.
On my way to dinner tonight, I saw a car parked on the street,
and they had eight different baby Yodas on their dashboard.
I looked at my buddy.
I was like, that's who my grandchildren are going to.
Their children are going to be who my grandchildren sell my NFTs and Pokemon cards, too.
He just started laughing.
But it's for real.
Collectibles, nostalgia, the way nostalgia just heat
like psychologically i mean a lot of the market is and especially when it comes to collectibles
like it's it it hits a different part of the brain um than you know just typical you know
either meme coins or even just you know regular stocks or market or you know any type of crypto
like collectibles hit a little bit different for some people.
And I mean, everybody who owns NFTs knows that they have a different attachment towards an NFT than they do like anything else.
The collectibles market just continues to grow.
There is no evidence of any slowing down. I think Pokemon, over a five-year period, buying anything at MSRP at any point in time,
over a five-year period has never turned a negative return for Pokemon.
It's absolutely insane.
A lot more higher to go.
Way, way, way more higher to go
rolex makes a million watches a year right i know remember hearing that
2021 that was the most one of the most common things it's yeah i mean we're gonna see a lot
higher I am the same. I'm the same. I'm the same. I'm the same. I'm the same.
I'm the same.
I'm the same.
I'm the same.
I'm the same.
I'm the same.
I'm the same.
I'm the same.
I'm the same.
I'm the same.
I'm the same.
I'm the same.
I'm the same.
I'm the same.
I'm the same.
I'm the same.
I'm the same.
I'm the same.
I'm the same.
I'm the same.
I'm the same. I'm the same. I'm the same. I'm the same. I'm the same. bro so i just uh i just pinned that chart from december that i put up there and if you look at
the price of stonks right now just over 500 again so the floor price in eth is a little bit lower usd a
little bit higher and like i i don't have access to that right now so i can't like put out a new
chart but my point being they're retesting that 500 area for a fourth time and realistically you
know again same thing with 2023 when you looked at it like that peak in 2023, also around 500 bucks.
The ETH price was way higher.
The $500 resistance has been the real resistance line.
Like where we are right now from a USD perspective has been the real resistance, right? Like, so from a USD perspective, like, dude, they're about to break out.
And that's pretty cool to think about.
Because each time that it hit right around this line is when it got rejected.
So you look at that base, bro, like the gap between there and the USD all-time high,
which was around 1,200, I think that's going to fly, right? Like point two,
like what 1200 right now, when you're talking about $3,800 ETH is, um, you know, 0.32 0.32,
still not the ETH all time high, but like, bro point being, it's, I think a lot of things are
just lined up where even from the technical
perspective, like it's getting ready to fly, right?
Like you've got the underlying market fundamentals that are pushing at the
same time that the technicals are on the verge of breaking significant
milestones.
The vibes are as good as they've been.
So good as they've ever been.
Yeah, a couple of bangers picked up too over today.
I mean, obviously with a 90% move.
Stonks, by the way, are second to Alien Friends
as a highest returning NFT collection of the day.
About twice the volume.
You know, it's still not even a lot of volume.
About 10 ETH of volume for stonks.
I know, dude.
If you look on OpenSea, we officially have a higher one-day floor return than Alien Friends.
Yeah, they just dropped a...
Yeah, they only have 3.9 ETH of volume They only have 3.9 ETH of volume.
We have 9.3 ETH of volume.
The only thing similar would be like Clonex
with about 28 ETH of volume.
They pumped, but not even close.
It's about 57% today.
What is Clonex sitting at right now?
0.23.
I mean, you got Cool Cats at 0.48.
I mean, there's...
Yeah, it's going to gap up so much.
Sappy Seal's at, you know, 0.5.
I don't think I've seen a single seal on my timeline, you know, in a year maybe,
which, you know, thanks to my algorithm, I appreciate that.
Well, bro, 1-Eth Wonky stonks right now one eath wonky
stonks i think can and will happen just a matter of when um it's that would put wonky stonks into
the top 25 for all nft projects like i it's so much more doable and realistic than what it sounds like. And the crazy part, again, with having a project that is so recognizable by OGs within the space,
the art truly does continue to get better.
And so does the provenance and the history.
Every part of it continues to get better as the price continues to climb.
I'm like, it's just one of those things, man.
Like, it's just one of those things, man.
Like there are some of y'all that have a bunch of stonks that like, you know, you continue to get more clout and continue to get a larger and more influential voice as they continue to grow.
And like the whole flywheel effect really is something that it happens man like that's why i look at it i'm like
okay as this starts to eclipse new all-time highs and it starts to just continue to climb like i
don't see it slowing down anytime soon i truly think eth can and will hit 25k um dude probably
higher like i i know it sounds crazy i i think 25 K is not as crazy of an estimate as what some people say, but like, dude, I think there's a world where, you know, you could see 25 K Ethan 10 plus each socks, right? Like it's a high beta play on the underlying L1. Like, I think it'll continue to outperform.
on the underlying L1.
Like, I think it'll continue to outperform.
NFTs will continue to outperform.
The right NFTs will continue to outperform
the underlying chains that they're built on,
like from here on out.
Yeah, and the only thing comparable,
like, in a sense, is like genre,
I guess the stock says squiggles.
And the gap there is ginormous.
That's a huge gap to fill i agree yeah like you know squiggles squiggles are part of the inspiration of songs honestly
like you know kind of the abstract like just line whatever except for taking it to the next level and being like you know the
abstract generative art of lines but like taking it to the trading side of it where you know to a
trader dude charts become art eventually so doing something where it's just purely generative and it
reflects the overall just the nature of trading via doing that like i i don't know man
i think that it's incredibly unique um the traits themselves the more that people spend time just
understanding how they came about and diving into that there are a lot of aspects at it that as the
price continues to climb and people start to look for like what is the
grail what's not a grail like it's one of the more interesting collections out there like i i know i'm
biased but i think that there are a lot of facts that back it up what's a squiggle selling for it
right now uh 4.7 i think maybe a little bit higher I know they pumped today some
They're at 6 ETH
6 ETH, okay, so they were at 4.7 then
So it's like
Yeah, 22
I love the squiggles, man
I love squiggles too I'm not saying they're overpriced
they're underpriced they're underpriced they're free honestly these are free as fuck yeah 24k
for a squiggle 22k for a squiggle that's free it is yeah but the the gap there is absolutely insane. I mean, there's not really much in terms of fully algorithmic art generation in the NFT space right now.
Most of it is generation in a sense of a set of traits being randomized and not an algorithm coin flipping
and, you know, creating the image as a code, like a piece of code is being run.
Right.
It's a, it's way different.
And, you know, it's a fine line of distinction that, you know, a lot of people don't end
up making or just don't understand in general.
And, you know, that's just one of the pieces of the stonks that i
you know actually enjoy um a lot is the fact that it is you know fully generated by you know however
many lines of code honda whipped up um but they're awesome yeah dude that's one thing they got going
for them for sure they're unique you you really don't see another project like it right like if squiggles is the only comparison to make it's not uh
a bad bad pedestal to be well there are a few that have come after it that like you know try
to mimic the ethos of it right you know i b ways would be the person that's the best to come up here. Heck, there's no pep and project that kind of,
or I guess not Opep and,
or maybe it is Opep and what's it is.
It's,
it's never official set.
I think the guy just like kind of posted it.
it never really gained a lot of traction,
but I,
I love that one.
You know,
I mean,
I told you for a long time,
I've wanted you to do stocks,
glab on Opep and that guy kind of beat it to us beat
us to it but so there's that one there's the one that is the ordinal there's one on btc yeah yeah
it's like the low sat btc whatever um or the low inscription i should say btc one um
I should say, BTC1.
I mean, so there are a couple that have kind of come after it and done okay.
But like, you know, again, Stonks are the original.
I think, again, the provenance of it just, it's going to continue, man.
Like this whole thing that we're seeing right now the little
test pump that we're seeing here in the early days just shows that there's life you're going
to have more opportunities if you're listening in on this right like you will have more opportunities
for entries on some of this stuff like you know again i expect the market to eventually hit this point where it just is incredible and up only.
I think you might get lucky and you're going to have some spots where you're going to see a few retraces and a few people are going to be like, oh, and I'm not sure what prices those happen.
Right. Like point being, though, there are going to be periods where there are going to be some retraces across these NFT projects that see these quick bounces.
And people are going to be like, yep, told you it was just a fad.
Again, that'll continue to be right.
Like until the next like up and then you're going to hear the same thing until eventually I think everybody's just going to be like, if it like, you know, this is what the new meme trade is.
Right. Like it you know, this is what the new meme trade is. Right.
Like it's,
it's coming,
dude.
I can't lie.
I'm actually excited.
Hopefully we get some new stuff that pops up here.
Not necessarily shortly,
but sometime in the near future,
that would kind of be like a little nice,
refreshing thing.
Yeah.
See,
see some new stuff run.
Yeah.
It'll happen, man.
But, yeah, dude, I'm hyped.
Stonks are going to hit new all-time high.
Just a matter of when, not if.
Hey, actually, I'll say this.
I think Stonks are at all-time,
try to go all-time highs by the next,
by the four-year, easily by the four-year,
what's it called?
Anniversary of the drop.
Dude, hopefully that's a hell of a poker game.
It's been a while since we've had one of those.
Yeah.
The four-year anniversary is going to be sick.
Like, I just have a feeling, man.
We're going to be, the market, ETH NFTs are going to be in their stride.
Yeah, in the middle of October, stride In the middle of October dude
In the middle of a golden bowl
A few things sound better than that to me
But y'all with that
I am trying to do a better job
This week at like actually
Getting a little bit of sleep
I'm gonna let y'all go
for now. I appreciate the late night
space. I'll try to run a couple more of these
before I get
going with the
camp.
But, yeah, man.
Good times ahead. We're still
early. Wonky stonks are inevitable.
Peace, baby. Wonky stonks are inevitable peace baby wonky stonks We'll be right back. It's alright if I'd still sleep, cause I don't wanna leave the comfort of this place
Cause there's a hunger, longing to escape from the life I live when I'm awake.
So let's go back.
Let's make our escape.
Come on, let's go back.
But just can we stay?
Can you take me higher?
To a place where I'm lying, I'm taking you Can you take me higher?
To a place where I'm falling free
Alright, goodnight, Stonks Send it!
