I Never Liked Short Guys | EP 75

Covering:

• Will ANSEM continue to rip?
• BonkDAO gets "hacked" for $20M
• Saylor sells his first large stack of BTC
• Trump says shorts will get BTFO

and more!

Transcript

SPEAKER_03 0:00

Welcome. Episode 75. Risk on. I never liked short guys. Borrowing that from uh Donald Trump. I love that quote, by the way. Um brought to you by FOMO. Uh go download the app. Uh use promo code risk on uh 10% off your trading fees. Um trade on the web app, trade tokenized equities, trade perps, trade it all, trade FOMO. Um guys, our FOMO trading app is down 70%, but our ref links are grinding us back up to even.

SPEAKER_05 0:31

That's fucking good.

SPEAKER_03 0:32

So it looks like I'm not as bad of a trader as I actually am.

SPEAKER_02 0:35

Love that. You're just you're just a classic KOL. The Risk Own account is a classic KOL.

SPEAKER_05 0:40

We should say, Yeah, he's actually he's managing managing the poor off uh the paid the paid deals. Fuck, this guy, man. Losing money trading, paid deals on leave. It's good shit.

SPEAKER_03 0:50

Yeah. Yeah, yeah.

SPEAKER_02 0:51

Um you know we uh we like to also call that annualized uh ARR, annualized revenue right there. Um the ARR numbers are pumping. We're just like an AI company.

SPEAKER_03 1:03

The great rotation is upon us. AI to crypto, right?

SPEAKER_05 1:08

Um I would like to hope so. We're bouncing, to say the least, since the last show.

SPEAKER_03 1:13

Yeah, we are, seriously. Um we took the weekend off. Uh nice good old-fashioned uh American holiday. Sats, you wouldn't know anything about that. Nope. At a good old Fourth of July hot dogs, hot dog eating contests, fireworks, things like that. Um you were stuck.

SPEAKER_02 1:30

Did you get some fireworks, Wood? Get to experience some fireworks this weekend?

SPEAKER_03 1:33

Did get some fireworks. I got some fireworks, I got some hot dogs, I went to the beach, I did all those classically American things, sat sat in England without air conditioning, watching it.

SPEAKER_05 1:43

I've actually got AC, I started to be that guy.

SPEAKER_02 1:45

Um Jack, do they do they broadcast the Nathan's hot dogging contest in the UK?

unknown 1:53

No.

SPEAKER_02 1:53

You have to imagine they do, right?

SPEAKER_05 1:55

No, no, I've never heard of that.

SPEAKER_02 1:56

It's a it's a worldwide event. It's a global phenomenon. Is it basically a worldwide event?

SPEAKER_03 2:00

Oh yeah, oh yeah. Basically, a bunch of Americans dip hot dog buns in water and then eat as many of them as they can in how many minutes, Fizzle?

SPEAKER_02 2:08

Uh I think they get 10 minutes. It's either 10 minutes or 12 minutes. Um and we have the reigning, I think he's won like 12, 10, 10 to 12 years in a row. Joey Chestnut. Wearing a big polymarket uh necklace during the competition this year. Special poly markets.

SPEAKER_03 2:27

I don't know what to I don't know what to tell you guys.

SPEAKER_05 2:28

There is no tops. There is no tops on prediction models.

SPEAKER_03 2:31

No, we're just getting started. We're just getting started. Um speaking of that, Trump is saying that shorts are about to get blown the fuck out. Um I think we should fire this, fire this video out from Trump. Um saying he hates short guys.

SPEAKER_00 2:47

Hey David, Goldman Sachs, Blackstone, Black Rock, they're all here. And think of it, I'm making them all geniuses. Every one of us are genius. Is anybody doing poorly? If you are, I guess you have a couple of guys that went short. Those poor bastards. I mean, they are they're in big things. They're being wiped out, the short guys. I never like short guys because they're betting against the country, so that's okay. But earlier this morning, many of you joined me in the Oval Office for the ringing, David Goldman says.

SPEAKER_03 3:19

Yeah, Trump is the ultimate KOL.

SPEAKER_05 3:21

He is incredible.

SPEAKER_02 3:23

Yeah, he's cracked the code.

SPEAKER_05 3:25

He has, man. He has. He's cracked the code, and he literally just gets on live and tells people not to short and go long. Um, market actually not really reacting. Is is Trump wrong? Never know, man.

SPEAKER_03 3:39

I don't think he's wrong. I mean, Anthem flipped Trump coin. Briefly. Did you guys see that?

SPEAKER_02 3:45

Wow, really? No. Really?

SPEAKER_03 3:47

Yeah.

SPEAKER_02 3:47

So what is Trump, what is Trump coin at? It's sub a bill.

SPEAKER_03 3:51

Sub a bill, it's like 400 million or something.

SPEAKER_05 3:53

Oh my god. Bro, this was your entry would. Trump's, yeah, Trump Coin is back to my entry. This is your entry on Trump coin. Who would have fucking thought, man? Jesus. What a joke.

SPEAKER_03 4:03

Uh Ansom. I I mean, there's not a lot going on outside of Ansom right now, obviously, in crypto world. But Ansom is putting on a fucking clinic in terms of marketing. I'm sure you guys have been following along, Swizzle. You're still fully sized in your position, right?

SPEAKER_02 4:18

I am. I am, yeah. It's uh it's crazy. We talked about all the polarization. Uh you know how some people are like really upset about it and they think he's kind of scamming or this is all an extraction or whatever. At what point, like if this continues to keep going, at what point does that just no longer become a serious argument? I guess would be my question. Because, like, of course, at some point, in some fashion, he's going to profit from it. It's actually looking more likely than not, he's gonna find a way to like loop this into something bigger rather than profiting off the coin the token directly. But like, at what point do you guys think it's like becomes sort of an unserious statement to like be upset about what he's doing from a ethical, you know, call it an ethical standpoint or whatever?

SPEAKER_05 5:08

I I don't I don't think he's ever gonna profit off the token directly, like as in selling the token. But I do think he's gonna just direct people to bullpen. And this is this was probably the plan all along. Um we did speak last stream that potentially uh tinfall hat that um they do a pump fun style product. Um I think we may have been dreaming there, perhaps, but I think he'll profit off it that way, just directing people to bullpen. Morally, I think it's fine. This guy's fucking killed it. Um like I'm surprised even how high this has gone. I was saying like probably time to buy last dream. I didn't expect it to be at what is that 400 mil right now? I'm supposed to you kept your whole position, your whole size, but you you kept in at 150 or something.

SPEAKER_02 5:54

Yeah, originally I was I bought in around like 70 million uh average. I was like 50 in in like the low 60s, and then I I top blasted more in like the 80-90 range. And I had I think I told both of you guys I was like, I'm gonna be disciplined this time. I'm gonna I'm gonna sell at 150. Um, I did not do that. I was not, I have no discipline still uh at all. Um I did sell just enough to cover my main event buy-in at the World Series of Poker. So that was good. Nice little free roll.

SPEAKER_03 6:23

And did you pay for it with Moon Pai?

SPEAKER_02 6:26

I did, and then I busted late last night, so I would have been better off. Who knows how much that would have been worth if I just had skipped the tournament. Um probably should have done that. Um, but what was I gonna say? Um I was um no, I just I blanked. Um we threw you off with this whole uh bust. Yeah, sorry, me being a shitty poker player completely beside the point. Um, I was gonna say at 150 million, that was originally my target, and then I think I just adapted every as everything was happening. I decided this was a completely different thing than I yeah than I thought when I bought it. And it it's now there's just so much more going on with it that I was like, you know what? I'm not setting targets. I'm gonna watch this. I'm gonna watch this go. I'm I'm gonna see what happens here.

SPEAKER_03 7:17

Yeah, I uh I was gonna say he had that tweet about it becoming just a a na like the flywheel basically that he's generating. About his massive marketing budget that he has, like a nine-figure marketing budget worth of tokens that grows with the price of the token. It's the only thing going on in crypto right now. You got guys like Luca Nets coming out saying he's changing the game in terms of how airdrops are gonna be executed going forward.

SPEAKER_05 7:44

Um has he airdropped yet? He hasn't, has he?

SPEAKER_03 7:47

Anselm?

SPEAKER_02 7:48

He's been airdropping like every day to people. Every day, like randomly like randomly? He's doing it based off of like like wallets and I I don't know the specifics of it, but it seems like people who produce content about the token, like he's kind of doing it sporadically everywhere, and then I think he just started, he announced he was like, I'm gonna use some of this to like add tokens in Solana to the LP because people are complaining about the LP. So he's basically just going on the fly figuring shit out, but like I don't know, he's been he's been killing it.

SPEAKER_03 8:21

Um but like he said, he has a massive budget to do whatever he wants to with it. Yeah, you know, like he can quite literally, and he can pay people with tokens to do literally anything. He can add tons of tons to the LP. He can single side LP it to exit into Solana, then just beef up the beef it up with more soul.

SPEAKER_02 8:41

And the war chest is getting bigger, it's actually growing because the creator fees have increased. Like the like the more volume there is, the more the creator fees are coming. So I think he said he's making like 160k a day right now on average in creator fees. That's so he can use that to make the LP better, he can use that to airdrop creators, he can use that to just yeah, give people stimulus, whatever he wants to do. Um and this is the most generational Ponzi scheme I've ever seen in my life. This is I I wanna I want to talk more about your your tinfoil hat theory, Sats. Is like very I don't I have I'm gonna assume that that's not what he's doing. I have no clue. Uh full like full disclosure, hands up, like we're making this up on stream, but like it actually sounds really fascinating and and not it no longer sounds crazy. So I want you to like lay it out for the stream.

SPEAKER_05 9:35

I I think what I hope, I hope, this is is a mix of uh I think and I hope. Um and it's very tinfall hat, but I think this could be a big build-up to be launching a ballpen competitor to Pump Fun, as in they have a launch pad on bullpen um which operates pretty much the same as Pump Fun. Because Ansom must know at this point he's the only one who can compete with Pump. Um, everyone's tried, even I've tried, didn't work. Uh, these guys are complete machines, you know? These guys are machines and they have all the attention, and the only person with more attention than them is Ansom. Um, I think ballpen have a crazy opportunity here uh to launch a launch pad and make an absolute boatload of cash. Um and actually operate a launch pad better than uh pump do. But it may be against Ansom's theory of like, you know, it doesn't want doesn't want unlimited tokens anymore, it doesn't want all this. But he he was talking about like before how to solve vamps and things like that. So it's clearly a something he's interested in, clearly something he's definitely thought about. Um, and this is like the best layup in history. Uh, yes, like I when I posted the tweet about this, it was like, yes, Ansom is deployed on PumpSwap, but would you want to launch your launch pad and this like launch Ansom and then that'll be the only thing on the thing, or do you want to launch Ansom, generate a shitload of tension, and then drop it? Um, I think the latter, I think the latter is way more smart, and maybe I'm overthinking what what they're doing here, but that's what it feels like to me. That's what it feels like. Um, and I really do the hope in me really hopes hopes he does it because that will be a crazy week.

SPEAKER_03 11:15

How much money do you think Bullpen could make in a month? If they piggyback this momentum that they have right now, like this attention that they have? Because the the game for launch pads is all about attention and getting people to launch coins on your platform, right? So he has attention right now. He launched the launch pad. Let's say he can maintain this attention for another month. How much money do you think he can make in a month?

SPEAKER_05 11:36

20 mil if he launched the launch pad on bullpen? 20, 30 mil. Easy.

SPEAKER_03 11:42

Insane.

SPEAKER_02 11:43

But I think I think more so than that, the interesting thing is like, and I don't know if it's the chicken or the egg thing, like, I don't know if it was a plan all along, coordinated, versus like it just led to this pass, and like we talked about like doing things on the fly. But he has this insane like inflection point of leverage right now with Pump Fun, where he brought up these issues, he started you know, bullying them about the airdrop a little bit, he started bringing up things about like, hey, what's wrong with the trenches? Why don't we why don't we do this or this with new pairs? Like, can we fix some of this stuff? And because he has the most insane motion right now, and like Pump Fun is doing record-breaking weeks right now compared to like, you know, over the past compared to anything in the past year, like they're having their best revenue weeks. It's all driven off of his back, off of his back, basically. So like now it's kind of like, hey, I could go do this and just start, you know, launch my own competitor, and and it's the he's the only person in the world right now who could do that, and legitimately the volume would flock, everything would flock over there away from Pump Fund. Maybe only temporary, maybe not, but like he could do that. Or he could say, or just fix these things I want you to fix for the good of like volume and liquidity, like liquidity and everything, and and people's trading habits. So it's like he kind of has a point where it's like he could just use this as leverage to get Pump Fund to do some things that that he wants them to do. Change some of the token launch mechanics, uh do the airdrop, whatever, whatever his intentions are. And so it's really interesting because it's like, I don't know if this was what he was thinking initially, but Sats, like, if that gets back to him now, what you're saying, like maybe it's something he wouldn't have considered two weeks ago that he would now.

SPEAKER_05 13:32

I mean, he's got the perfect platform for it. Like, bullpen would work. Like, it's not like he would have to launch this like fresh out the gate thing. Um, like, has has the mechanisms mechanisms of bullpen. They definitely know how to do it at a bullpen. Like, they're some super fucking smart guys. Like, this wouldn't be extremely foreign to them.

SPEAKER_03 13:51

Um definitely take a bit of time, but he could also just do nothing and say, hey, Pump Fun, I'm gonna launch this thing unless you pay me $50 million.

SPEAKER_05 14:01

Yeah, and they probably would. And Pump Fun would say he has he has infinite.

SPEAKER_03 14:05

They pay him. Yeah, he doesn't have to do anything, he just has to say, hey, do you guys want to buy bull? Do you guys want to buy bullpen? Do you want to buy like my attention right now? I can launch a launch pad, I can make this much money. Or I won't launch a launch pad and you can pay me this money. Up to you guys, however you want to do it.

SPEAKER_02 14:21

Like, he has literally infinite options, infinite options right now, and that's what makes this so fun. And that's again, it's one of the reasons I decided like I'm not selling because like this thing is not over. All I know is this thing's not over. Like, you've this is the first time in legitimately a year and a half, probably, that I've been starting to receive texts from I we call them normies, but like just you know, IRL IRL friends who are not involved asking about what this is.

SPEAKER_00 14:51

Really?

SPEAKER_02 14:51

Um, yes, legitimately have received I mean not a lot, not a lot yet, but a handful.

SPEAKER_03 14:57

Yeah. You know, I think last episode we were putting our tinfoil hats on and thinking he had this whole elaborate thing, you know, going with pump or whatever. And then I've been thinking about it a lot and like this is crypto. None of us are this organized in this thought.

SPEAKER_05 15:13

Yeah, that's also everyone always used to accuse us of having this like back in the day, this grand thing going on, and it was just never the case. It was never the case.

SPEAKER_03 15:21

It was never the case. It was always a bunch of guys flying by the seat of their pants, like PvPing each other, trying to figure it all out as they went along. Like, we're not like we're not big planning or idea guys. We're kind of fly by the seat of our pants guys in this space, I think. Um, at least I am personally. Um, and that type of like calculation, I think, I think that I think the best ideas happen organically, and this is a really fucking good idea. And for someone to like conjure this whole plan up seems too good. Like, I don't think you could have made this, like, it has to happen organically in the right conditions um for this type of situation to arise, in my opinion. Like the best coins is always how it is. Like, people have talked about supply control and like forcing coins upwards and whatever, but like the best coins were were whiff, for example, which like just happened because it was right place, right time. And I think this is probably just right place, right time.

SPEAKER_02 16:17

And that's one of the things, like you know, I've seen some people are complaining, oh, I wish he wasn't doing it with this Answ token. I wish it was, you know, a meme, or I wish it was something else. And it's like we don't get we don't make the rules. If if it could be coordinated and premeditated, it probably wouldn't have taken off the same way. Like the fact that like it wasn't, you know, people thought it was a coordinated thing with Pump Fun from day one. I don't think so. I I think this worked so well because it wasn't coordinated, and now it's like, okay, how do how do we connect all the dots and make this work? And it's just it's just like new developments every day. Um I'm sure some disagree with that, and that's fine. But I I think usually what do they say, Occam's razor? Like the simplest explanation is is usually the right one.

SPEAKER_05 17:06

I would it's just the only I would love to say the only thing that throws me off is when he was shilling the Pump Fun mobile app. That was such a weird one. Because you don't do that shit for free. No one uses Pump Fun mobile app.

SPEAKER_02 17:18

Like, it was, but then did you see he was like complaining about he started being like, hey, can someone from Pump Fun like fix the the creator awards stuff? Like as if he was just he just like you know, yeah, I think he might just be messing around doing it and he and he thinks you know he just started using the platform there. Yeah, it could be either, it could be either, but it's probably better we never know.

SPEAKER_05 17:41

Do you see Pump announced their new CEO as well? Um they announced the new CEO, like I think he's been behind the scenes CEO for a while. Um, but yeah, three days, or I think it's like a week before unlocks. New CEO out the works to take the heat off Alon. Um bit of an interesting one. I didn't actually read the full article, but you know, it just seems like a lot of pump on slop. Um standard shit. Uh just new new face, new face to the madness.

SPEAKER_03 18:09

Um can you imagine being the CEO and having to deal with Alone and the other founders all the time?

SPEAKER_05 18:15

It's in the interesting show. Yeah, man, I I I I don't don't envy that guy. Uh I don't envy the future chief legal officer they're gonna hire as well.

SPEAKER_02 18:24

That's gonna be so do you guys know who this guy was before he became CEO?

SPEAKER_05 18:28

I had no idea.

SPEAKER_03 18:29

But they launched a token after him already. Of course, of course, it ripped a load fights, I think.

SPEAKER_05 18:34

Of course they have I have no idea who this guy was before. I don't know if this was a CT guy or um I assume he was. He was a CT guy, but he's corporate behind the profile picture, like actually got a background. That's what I would assume. But honestly, no idea in this space.

SPEAKER_02 18:51

Yeah, I have to do it. No other place in the world where you can just be a frog or a monkey on the internet, and then you're actually like someone with a legitimate background, uh, who's you know, he's probably been like a C-suite executive somewhere or whatever, but he's like, I just just can be a frog on the internet now.

SPEAKER_05 19:07

But that's the thing with CT. There's so many people like that, it's unbelievable. Like it even think back when ETB was a thing, bro. I thought everyone in ETB was like was like 20, like sub-20 years old. Turns out everyone's got kids and that. And I'm like, like that was a genuine conversation we had. Like this was maybe 2020 or uh like mid-2025, and the market sort of uh was was was tapering off from what we were used to. It was absolutely booming, and then someone started the conversation of like guys, uh how old are you guys? And I was thinking everyone, everyone must be like my age, like fucking 22, 23. And then uh everyone's like, Yeah, I I've got three kids, and I'm like, bro, what what are we what hold on, but no, I think there's so many, I think that's a common a common trait on uh among CT and people don't don't value that enough.

SPEAKER_03 19:59

Yeah, um, yeah, I think I think most of the guys that I've known that have done pretty well are on are on the older side. I think the young guys like run it up high and then they lose it all, and then as they and then maybe like second cyclers. This is my second cycle. When I first started in CT, I was in my early 30s. And I fucking gave it all back.

SPEAKER_02 20:19

And then what's the uh where do we call cut off the site? So where like where would would you say where's the different differentiation between second cycle and third cycle?

SPEAKER_03 20:28

This is I'm now heading into my third. I'm in my third ending my second bear market, I think.

SPEAKER_02 20:37

So you're saying this is the end of the bear market? Is that what you're saying? It could be are we start we start a third cycle now?

SPEAKER_03 20:42

Is this a we starting third cycle? I don't know. I mean I've started referring to the meme coin super cycle as last cycle already.

SPEAKER_05 20:50

I've tried it mentally.

SPEAKER_02 20:51

It kind of feels that way, right? It kind of feels that way.

SPEAKER_05 20:54

Yeah, I I I I think so too. I think so too. I would say I would say like I don't know how many cycles I've been in now. It's uh it's hard to say. I can't even remember.

SPEAKER_03 21:03

Do you guys think if Ansome Coin is the start of the next on-chain cycle, that we're just due for another meme coin super cycle?

SPEAKER_05 21:11

Oh, I I I I hope not, man. I hope not. Me, I don't think memes are going away. I don't think memes are going away, but like surely we have to produce something a bit more interesting. I I know I sound like exactly like what this the what the other guys were like at the start of the cycle, you know, at the start of last cycle, there was like flood going, you know, meme coins are dead, let's focus on um let's focus on utility coins now, and then all of a sudden whiff happens. Um, but for flood, bit different in his case, he hit hyperliquid and probably changed everyone's life. So did for him. Um, but I hope we produce something different, you know. Uh I I wouldn't want to do another cycle. Like, I feel like we've done all the memes, it just can't happen anymore. Like we've done everything there is to do.

SPEAKER_03 21:53

Yeah, I've seen the comparison of Ansem to Bunk a bunch of times. That's like the popular remote. Floating around right now. And also in segue into our boys over at Bonk.

SPEAKER_02 22:06

Oh.

SPEAKER_03 22:07

Because this is unbelievable. There's so much to unpack here from. And I I know a lot of the Bonk guys. I know you know a lot of the Bonk guys too, so I don't want to say too bad, but the target of a malicious governance proposal resulted in an estimated $20 million worth of bonk tokens being drained. They're launching an investigation and they're pursuing legal action for the party to the responsible. My understanding is someone just bought a shit ton of bonk, proposed a governance vote to send them 20 million bucks for the coins, and nobody fucking caught it.

SPEAKER_05 22:40

Yeah. Yeah, approved it himself. Um I mean, what can you fucking do? This is crazy. This is fucking crazy.

SPEAKER_02 22:49

Pursuing legal action, the guy just followed the rules. There's there's some layers to this. Like we, I mean, yeah, we gotta break down what actually happened so people understand this wasn't a hack.

SPEAKER_05 22:59

Yeah, yeah, it wasn't it wasn't a hack. The guy the guy simply proposed on the DAO and sent himself tokens. Um you know, bros ahead of the curve, kind of. Bro's ahead of the curve.

SPEAKER_02 23:10

So how do we basically do we understand how many tokens did the did the person buy?

SPEAKER_05 23:16

I I have no idea. Ahead of time.

SPEAKER_02 23:17

They front ran, they bought, they loaded up on supply, right? So they had vote, they had governance votes that were they were allowed, they're allowed to propose a vote to the DAO for like they're allowed to propose something, they're allowed to vote on it with the tokens that they have. And then was it just that they know people other token holders are not voting, so they knew they could push it through? Was Bonk asleep at the wheel?

SPEAKER_05 23:45

Uh how like I think they were asleep at the wheel. I honest I think they were asleep at the wheel, and no one, no one noticed this was going on. That's the only thing that makes sense to me. Um, yeah, I wasn't that like what when I was at Bonk Fun, I wasn't tied in that much with actual bonk because Bonk and Bonk Fun are two very, very separate entities. Like Tom isn't part of the Bonk team, he's part of the he owns Bonk Fun, um, which is a separate entity. So it's a bit of a dodgy one, but yeah, this is um not a great look. Not a great look. And I know I know at Bonk Fun they were they were like about to release this new thing. Um I think this throws a bit of a spanner in the works for them, but it is uh it is kind of funny. This guy proposed a fucking DAO thing and approved it himself. I hate to laugh, but rough one. And it bro, he got his like uh he's got his funds frozen on exchanges. And like yeah, I don't know. I don't know. I get I get it being in bonk shoes, it's fucking annoying, you know. You just got you just got hammered, kind of, but it's like your own, you know, it's your own doing. No one picked up. He he didn't hack anyone.

SPEAKER_02 24:55

Um it was malicious in intention for sure. Yeah but from a technical standpoint he everything he did is permissible.

SPEAKER_03 25:07

Yeah. Um so do you think he just like here's my thing, guys. I don't want to suggest that this was someone on the inside doing this, but how who's about to consume? But how do you do this by this many tokens with the confidence that this is gonna be the outcome? Because like you're taking a massive risk by buying this many tokens to propose this proposal.

SPEAKER_05 25:35

Or maybe he just had them anyway. Like, maybe he just had them anyway and was like, fuck, I've gotta do something with these. Um let's crack it down. Yeah, let's crack it down mode. No, that's probably what it was. Like, it's it's it's uh it's it's the same thing, it's probably a simple explanation um than what actually happened. This guy probably just had a lot of bonk tokens and was like, fuck it. I'm gonna try and send some tokens to myself on the Down proposal because no one else is proposing anything, so I'm gonna try this. That's probably exactly what happened. And then he it worked, and he was like, Oh my god, I've won forever. I've absolutely won forever. But what can you do? I haven't checked the bonk price. Is it getting hammered?

SPEAKER_02 26:16

It didn't get as hammered as you would have thought. It like it cr it flash crashed and then recovered uh fairly quickly. So oh yeah, okay, I see.

SPEAKER_03 26:25

I mean yeah uh oh my god, um trading view in the all-time view of bonk, it's finally starting to form a green candle for the first time.

SPEAKER_01 26:35

Yeah, can we pull up can we pull up the bonk chart?

SPEAKER_05 26:37

Yeah, man. You remember when we were all just like bonk was the main shit and like it would just go up only Yugi would post and it would just rip.

SPEAKER_03 26:44

I remember the case based thing. Bonk was my first big win before I before I traded with. Remember catching a bonk at 100 mil.

SPEAKER_05 26:53

Yeah.

SPEAKER_03 26:54

And I wrote that for like a 10x or something. And that was like my like big like seed capital into crypto. Yeah. Which is not so dissimilar to what people are experiencing when they had some.

SPEAKER_02 27:06

I have so much love for bonk, like so much love for it because it it honestly is what allowed me to kind of like like escape that like tiny, you know, port size, whatever, just trying to grind, yeah, grinding. Uh but it I mean, do we have to acknowledge it's a dyno coin now, right? Yeah, it's a dyno coin at this point.

SPEAKER_05 27:26

Yeah, it's a it's a dyno coin. It's a dyno coin.

SPEAKER_03 27:29

I don't know what like the next all these coins, their useful life is not that long. Unless, like, in very rare cases. There's very few of them. People are even saying, like, like ETH has no like people are like, ETH is a dyno coin now. Like if if ETH can become a dyno coin, anything can become a dyno coin.

SPEAKER_05 27:47

Yeah, I agree. I I guess a bonk's vision was to become sort of like Doge, but like Doge is in a whole different fucking stratosphere, isn't it?

SPEAKER_03 27:54

They succeeded. The Bonk guys succeeded at their mission.

SPEAKER_05 27:58

Yeah, they did, definitely. 100 a massive success as well. Massive success. Massive. Absolute massive success. Um, where do they go from here? I I I don't know, but they took it public, though. They they they have BNKK. That was a mistake.

SPEAKER_04 28:11

That was a mistake.

SPEAKER_05 28:12

Yeah, they got BNKK and they're like to be honest.

SPEAKER_02 28:16

I think that's the thing is like they got caught where you're the you're like you catch lightning in a bottle, you do something that's so that's so incredible from a mind share perspective, and they took over crypto. Like it was like this incredible phenomenon, and it happened to coincide, like you associated Solana with Bonk for better or for worse. So when Solana made that run up, Bonk was like the grand recipient of that because it was the premier beta, and everyone agreed, like Solana, okay, Bonk is the beta to Solana. Um, but after that started to lose its power, they did, I think it was a like a val like a valiant effort. They did a bunch of things to try to continue to keep Bonk relevant. Accrue value back to the token or you know, launch uh the token launch pad. They had before you have the token launch pad stuff, they had all these different like little revenue generating protocols to buy and burn. They were always in the mix and relevant. Just eventually, as time went on, like they tried to compete in areas where like they didn't have the bandwidth to do all that stuff. And eventually you make some mistakes that are hard to recover from. And I think it got too diluted, they're trying to do too much, and then it's like, well, if it's not, then just a meme coin, it's kind of not as fun anymore. And it just sort of there's just too much other stuff now.

SPEAKER_05 29:38

Yeah. Um they compete in every field there is to compete in.

SPEAKER_02 29:42

People don't think of bonk as a meme coin anymore. Like they think of it as this entity, and that's just not as fun.

SPEAKER_03 29:49

Um you can't do everything well, you can do one or two things really well, and they tried to do everything.

SPEAKER_02 29:56

They tried to do a little bit everything, yeah.

SPEAKER_03 29:59

And they and and as a result became nothing, if that makes sense. Like you can't like you can't do everything, you can either do one thing really well or do a bunch of things mediocre, and I feel like they just tried to catch on and stay relevant and keep adding value to the token in any way that they could. Um, and nothing really stuck.

SPEAKER_02 30:18

I think that's a valuable lesson. Like, but then also, in fairness, like the thing that they were great at was something that has a shelf life. Like you can't be the shiny, fun, speculatory object forever without doing any differentiation. So I get it. Like, I think it's understandable why they tried to do all that other stuff. But like you said, Wood, like it just is, you know, it wasn't there wasn't really a path to unless they found a way to pivot and and catch lightning and bottle somewhere else. They got close. They they fought Pum Fun for a little while. Yeah. Um it just turned out that that they were no match for that. Um but you know, it was it was a great run. It was a great chance.

SPEAKER_03 31:02

I think there were moments there where they had a real chance to win. I genuinely believed it at the time.

SPEAKER_05 31:08

Yeah. They had chance.

SPEAKER_03 31:09

I don't know.

SPEAKER_05 31:10

I I think so as well. But even in the mid like even in that whole token, you know, the launch pad game, I don't even think they made any missteps, like major, major missteps. It was more just like Pump are just that big of a competitor, they had that big of a war chest to do anything, and people knew about that. And I think that's the allure what everyone always cycles back to Pump Fun for is they have the money to do anything, and that's that's the game people love to play. And it's the it's still the is Pump Fun gonna crime this one. That's still a massive, a massive question people ask when they buy coins, and they know when they buy any other launch pad coins, that question doesn't exist. Um like that that potential ceiling doesn't exist. So I think uh but that's why it loops back to the same question there. That's why I think Ansom is the only one who can compete. He's the only one with enough attention to really make a difference, really make an impact.

SPEAKER_03 32:07

Yeah, yeah. We'll see. We'll see. Um do you ever see Sailor coming out saying he's gonna sell 220 he approved a sale for 220 million of Bitcoin and the charges ripped?

SPEAKER_05 32:17

Yeah, that's bullish, man. No one cares about Sailor selling anymore.

SPEAKER_03 32:21

You know who does care about it is our boy XY.

SPEAKER_05 32:24

What's he saying? Are we getting Bible code? To be fair, he he does have some good takes. Sometimes change my mind. I've got to give it to him.

SPEAKER_02 32:34

He is right more often than he's wrong. He's very bearish right now. Very bearish. Um can we uh I I should have brought I almost I wanted to bring one, I'm gonna put it on because this is turning into a segment. But can we put the tinfoil hats back on very second? Back on. I got another one. I got another theory. Okay, so everyone's focused on Sailor selling right now for the past how long? A couple months now, this has been the focus. There was a lot of fear of him selling, and yet people wanting him to do it, rip the bandit, everyone assume we go down, the first sell happened, we didn't go down because they were happy he did it, we know there's more that potentially has to happen, etc. etc. Right? Basically, the entire assumption is he is going to, if if he gets caught and Bitcoin doesn't go up from here, he's going to have to sell much more. What if these new Trump accounts that are for young the young generation? You know, like Trump is allocating stocks, allocating uh basically investment accounts that they can hold. I don't know if you guys you guys seen this is all over. There's a lot of debate around it. You know, some people think it's uh uh a step too far, some people think it's a great thing, but it's like, okay, we're creating these investment accounts for the younger generation to kind of counteract like the boomer uh like retirement fund thing. What if Trump and the US government used this as a way to grow their Bitcoin stockpile, digital asset reserve, and they allocated Bitcoin into these Trump accounts, which effectively locks the Bitcoin because these people can't sell these accounts, they're they're in their accounts for decades, right? Um but they become part of that uh growth investment account for the younger generation and give people access and exposure to Bitcoin as a part of their portfolio. Um and what if the US government said, well, how do we collect that amount? How do we get access to that Bitcoin? What if they cut a deal with Sailor where they do an OTC, Sailor gets out at a way that doesn't impact anything, where he doesn't have to blow things up, he can get some relief, he sells at current market price, low 60s, maybe 58k, 60k, 64k, wherever we're at, and it's just a transfer of funds. The Sailor Bitcoin goes in and goes to uh uh these Trump accounts. Why wouldn't it work? Why wouldn't it work?

SPEAKER_03 35:23

It would work, solves the overhead problem, no? It wouldn't this is like this is like no I'm on mute. This is like am I on mute? Am I muted? No, no, no, no, no, no. No, this is like best case scenario for a Bitcoin bowl. This is like this is like the thing you're everyone sitting there talking about what is the next um like storyline for Bitcoin. You just made one, Swizzle.

SPEAKER_02 35:48

Like that solves the overhang, solves the sailor overhang, right? Yeah. Uh continues to uh put the supply in safe hands and um allows us to move on, and there's a reason for the American uh American society to continue to treat Bitcoin like a store of value. I don't know.

SPEAKER_03 36:09

It's bullish for the Trump family, incredibly bullish for the Trump family.

SPEAKER_05 36:13

I you know, I would love for this to happen, but this might be a double tinfoil hat. Too many tinfoil hats. This might be full body tinfoil, you know. This might be full full coverage, you know. Um but it actually would it wouldn't work. That's the thing. It would fucking work, but this might be, yeah, full full body tinfoil um a tough one. Tough one to get my head around, but I would love to.

SPEAKER_02 36:38

David Sachs has stepped down, right? Make Swizzle the the crypto czar.

SPEAKER_05 36:42

Let's do it. Yeah, let's come on. New new uh new sacks replaced. Did he? I didn't know David Sachs stepped down.

SPEAKER_02 36:50

When did he do that? Oh, yeah, because they're they've identified Swizzle as the next uh as the next one. Yeah, the next target. No, I think he's done. I think he's done with that. I believe he's just fucked it off.

SPEAKER_05 37:02

What did he really do in the end then?

SPEAKER_02 37:05

He made AI stocks boom. True. Yeah.

SPEAKER_03 37:10

Is that I signed up for a Trump account for my kids, and um I forgot my password already. That's a good start.

SPEAKER_02 37:18

There's a good start, yeah.

SPEAKER_03 37:19

That's a good start. But um, if they put Bitcoin in my children's trump accounts, I will be fucking pissed. I don't want Bitcoin in my kids' Trump account. All that shit in there. Um what? I mean, I guess if it's free, but like I mean it's free money, I guess. I mean what? They're gonna piece it together with like SpaceX and Bitcoin, and I'm just gonna like give my kids like Elon's exit liquidity. You don't think that guy who complains about an ad drop.

SPEAKER_02 37:45

You don't think you don't think Bitcoin will be at a million dollars when your kids turn uh 30?

SPEAKER_03 37:50

I mean, I'm not an idiot. Maybe probably not. I would say yeah. I would say Bitcoin's gonna be at a million dollars. Guys, last episode we were just arguing if Bitcoin still had any purpose and if we should use any interest buying it.

SPEAKER_05 38:07

What? We we're talking about like 14 years, like 14 years it's got. How old do you think Woods hang on?

SPEAKER_04 38:16

How old do you think Wood's kids are? 14 years.

SPEAKER_05 38:19

Until they're 18. I'm saying the average age of maybe four, average age of four, another 14 years. I have an average age of two. Okay, fuck. All right. 16.

SPEAKER_03 38:28

16 years.

SPEAKER_02 38:29

Wait, do they don't get they don't get access at 18, do they?

SPEAKER_03 38:32

Only one of my kids gets access to a Trump account. The other ones I actually put my own money into it, and there's no world of putting my own money into a fucking Trump account. I'm gonna take the free money.

SPEAKER_02 38:42

Do the Trump account kids get access at 18? I don't even know.

SPEAKER_03 38:46

I have no idea.

SPEAKER_02 38:47

I don't think they get access at 18, right?

SPEAKER_03 38:49

I just I just I just know that I got a free I get like a free thousand bucks for my for my new for my new kid.

SPEAKER_05 38:56

They've done that um in the UK when I was when I was younger. Uh I got a STIMI when I was 18 because they they like created an account and stuck like I don't know, I think it was like they invested like 500 pounds, or I think it was even a hundred pounds at the time into every kid who was born in like my generation. And I got like 11k. It was a great day, it was a fantastic day. It was a great day when I turned 18. And then you paid taxes on it.

SPEAKER_02 39:21

No, I didn't pay tax on it. So do that, but now imagine they did that, but they put some of it in Bitcoin. Yeah. You can the UK's the the UK youth would be the wealthiest generation.

SPEAKER_03 39:32

Yeah, it would be too much. UK is way too woke to do that. There's no way the UK would ever do that. We are way too country being run into the ground, disaster over there.

SPEAKER_05 39:41

You know what I actually done with that 11k? I pumped it all into crypto. So less than.

SPEAKER_02 39:46

There you go. And here we are. And here we are. And here we are. There you go. Here we are. Now it's stuck in now. It's stuck in the FTX servers for life, right?

SPEAKER_05 39:53

No, no, quite literally. I remember my my mom and dad were like, oh, you've got to buy a car with this. It makes so much sense. And I was like, no, no, no, fuck that. Get it into crypto. This is gonna be.

SPEAKER_03 40:01

Get into Binance.com, baby. I'm gonna do that.

SPEAKER_05 40:04

Go 50X long. That's quite literally what I done. That's quite literally what I'd done. It was Binance at the time as well, because there was no KYC straight onto Binance onto a FET long or something like that, onto a VET long. I was flying, bro.

SPEAKER_02 40:18

I was fine at 18 years old. This guy was longing fat. Unbelievable.

SPEAKER_05 40:24

At 14 years old.

SPEAKER_02 40:26

14 at 14.

SPEAKER_05 40:27

I was perp trading when I was 16 or 17 years old. Um, I can't actually know that's probably a a crime what I've just admitted to. Um, but yeah, I was I was using a different account, of course, didn't KYC myself. Um, but I was flying. I was I was perp trading, uh trying to figure out the game, watching charts, drawing lines on charts, thinking I know what I'm doing. Uh it was a wild time, man. It was a wild time.

SPEAKER_03 40:50

So you're the second streamer to admit to a crime on air this week.

SPEAKER_05 40:54

I know, yes. Just second to Rasmir, man. I can't believe that that clip is so funny. Oh, I you know, I just bought Michi and then tweeted about it and then sold. Oh fuck. No big deal.

SPEAKER_02 41:12

Yeah, but maybe that should we pull up that uh pull up that chart. Someone put uh the most likely KOLs to to rug $4,000 and brag about it. Yeah, is there a chart somewhere? Yeah, it's in our chat.

SPEAKER_05 41:26

I thought this was Did you guys see Rasmir arguing with Nexus on the timeline? He he was calling Nexus poor, and I think Nexus uh has $20 million on like like doxed doxed on hyperliquid wallets. Um not a great look. And Rasmir managed to get zero likes on that post in nine hours, and Nexus had 200.

SPEAKER_03 41:46

Uh not a great I I think Nexus is super annoying, but I think he's a great trader.

SPEAKER_05 41:52

He's a great trader. I think he's a great trader. He's been he's I've known I've known of Nexus for a long time on the timeline, and uh he's he's been a good he's been a good trader for a long time. It's very funny to see Razmir call him poor and uh say he doesn't know what he's doing.

SPEAKER_03 42:08

This is a great this is a great thing. Is there anyone here that you disagree with? Oh, that's I don't recognize would brag and wouldn't rug you.

SPEAKER_05 42:18

Um look at the name CZ is surrounded with talking about Frank D. Gods, and then we've got a picture of CZ.

SPEAKER_04 42:31

I love that they say CZ would rug for 4,000. It's honestly true.

SPEAKER_02 42:34

It's honestly true. He's got no he's got no shame. And some of the ultimate respect over there, and thread guy.

SPEAKER_05 42:41

But I don't know who's rugged for $4,000. Am I seeing Wizard of Soho? That guy's rugged me for $4,000. And then tweeted and then brugged about it.

SPEAKER_03 42:49

This cook capital is not all the way to the right with Rasmir. This is not, we can't take this list seriously.

SPEAKER_05 42:55

Yeah, this is a fraudulent list here. I love how Rasmir is top right. Um couldn't get any higher than that guy. He would he would rug you for $4,000 and he would tweet about it. Brack.

SPEAKER_02 43:06

Who's the who's the nail who's the Nalong uh profile? Do we know that account? It's probably your alt account. Yeah, I was gonna say, is that is that Swizzle coded?

SPEAKER_04 43:17

No, I'd are you saying you would rug for $4,000?

SPEAKER_02 43:20

No, I'm saying I like I I we have some some Nalong lore, is all I'm saying.

SPEAKER_05 43:26

The big scooter picture as well.

unknown 43:28

Yeah.

SPEAKER_05 43:30

Has scooter rugged anyone? I don't know if Scooters rugged people before, potentially.

SPEAKER_03 43:33

I mean he's rugged by fudding you.

SPEAKER_05 43:36

Yeah, true. I think he was he used to trade perps back in the day. I actually don't know what happened to his guy. He used to be a big perps guy, and now he just tweets uh tweets out hate.

SPEAKER_02 43:45

By the way, speaking of Cooker on there, Cooker's the one with the white hat, right?

SPEAKER_05 43:49

Yeah, yeah.

SPEAKER_02 43:50

Um did you see he put he made some crazy P N L on the Ansem token. Really? Yeah it was like I don't even know how much this is because he denominates it in soul. Yeah, I hate some people do that, by the way.

SPEAKER_05 44:07

How much soul? I'll tell you how much.

SPEAKER_02 44:09

I want to say it was like over 10,000 soul or something. It's on his it's on his uh Over 10,000 soul.

SPEAKER_05 44:17

That's eight that's 821k.

SPEAKER_02 44:19

Oh. That's not even a little bit. Sorry, I was I still I still was adjusting to thinking of Seoul as higher than 80 bucks. Uh okay. That's good. It's a good trade. Never mind. It's a good trade. It's a reasonable trade. I'm not gonna glaze. I'm not gonna glaze, I'm not gonna glaze on that, but that's a good trade.

SPEAKER_05 44:34

Yeah. Yeah. No, it's good. It's good. No, it's big numbers on uh on Ansem. Fair play to him. He must have been early, man. I don't know. I don't I haven't seen many big PLs on Ansem at all. I think it's no one's sold yet.

SPEAKER_02 44:48

I think no one has sold yet. I think no one's sold. Valiant efforts, folks. You know, that is the one thing is like what does it get crowded at you know, at some point when people start to sell? There's gonna be issues there. Um but is there there's also like once the outside of CT, like if they can penetrate the outside of CT, like the Twitter, the sorry, the crypto CT adjacent world that like when you saw the AI craze, when when real money started flowing in, if like if and when that happens, it's like it is enough to counteract. It doesn't matter, you know, these these CT people that are selling a million dollars or whatever. Like that's what they have to accomplish to avoid the crazy uh breakdown.

SPEAKER_05 45:30

Yeah, I I was I was always one of them guys when that like last cycle, it was like, were retail really the ones pumping our bags? No, definitely not. It was us. It was used to be a few.

SPEAKER_02 45:40

I think it's like crypto funds. I think it's like like funds and stuff say, okay, like they started buying with, you know. Yeah, like you had VC funds with maybe $100 million fund that says, you know what, we're gonna buy, we're gonna buy five to ten million dollars worth of with. And you have 10 to 15 of those funds do it, that's a lot of money going in for the charge. Like that's what happened, I think, with some of these AI 16Z, with WIF, with these ones that hit a billion plus.

SPEAKER_05 46:09

Did AI did I A16Z? Oh no, uh AI 16Z. I thought you said A A16Z started buying with.

SPEAKER_02 46:16

I was gonna say, No, no, no, no, no. Like when AI 16Z went to like 3 billion or whatever. I think there was definitely these crypto funds that decided, hey, we're we're gonna pump a few million dollars into this. Yeah, definitely. That was the best thing about AI C isn't it?

SPEAKER_03 46:31

People are gonna be I I I hate to say this, but I think there might be some merit to like people made a shit ton of money trading equities and they're gonna bring it over into it into this casino. I think this time's different.

SPEAKER_05 46:47

Is this time different? The equity you guys are gonna rotate into all bags?

SPEAKER_03 46:52

I I mean what if equities are going down or they chop for a little bit, why not? Crypto doesn't take that much capital to pump.

SPEAKER_05 46:59

True, it really doesn't. It really doesn't. There are little shitters. Talking about talking about shit is ripping right now, Zek.

unknown 47:07

Wow.

SPEAKER_05 47:07

Yeah, yeah, I was going to bring that Zek.

SPEAKER_03 47:09

Can you guys tell me about I want to talk about Zec and I want to talk about Lit before we get out of here?

SPEAKER_05 47:13

Um Zek just, you know, obviously one of my probably my main bag, main bag for a long time. Up 11%. Great day. Uh lit, however, um, I'm still not in, but that is like looking absolutely incredible. It looks like Robin Hood have uh like bought the whole company at this point, that the way the chart looks. Um sidelined on lit. Swizzle, did you end up buying lit?

SPEAKER_02 47:38

I've been in lit. I've been in lit, I've been in Zec. Let's talk about Zec first. Uh because what happened, well, we get the lit chart up. We can talk about that. We'll talk about lit first. Um so yeah, the big news that happened over the weekend was um Robinhood announced an official partnership with Liter. Um and they also released the Robin Hood chain. I don't really know much about what the plans are for the Robin Hood chain yet, but it's live. Um so they're they're creating their own L1, L2, I don't know, right now.

SPEAKER_05 48:13

They they announced a partnership with Lighter. Yeah, you missed this? I missed it. I didn't even know.

SPEAKER_02 48:22

You just thought the chart was doing was just doing this for nothing, huh?

SPEAKER_05 48:25

Well, I just thought it was ripped. I just I thought it was ripping like it usually does. What was the partnership? Was I right?

SPEAKER_02 48:30

They announced they announced an official partnership. Your whole thing, your tinfoil hat, you can take the hat off. It's a real thing that happened.

unknown 48:37

Oh my god.

SPEAKER_02 48:38

Shout out Risk On. Our tinfoil hat theories are not that tinfoily. Uh some of them come true.

SPEAKER_05 48:45

No, no, no, no, no, no.

SPEAKER_02 48:46

Yeah, no, they announced it. It's real, it's legitimate. Um I'm happy. I'm happy I didn't even know. Once again, the the chart ripped. We we predicted this might happen. We said with or without a catalyst. You can go back. We have this clipped. We said with or without a catalyst, this chart was underpriced. Um with the catalyst, you saw what happened. It ripped. What is it up? Uh lighter is up 35% on the week, up 85% on the month. Um, we said this could happen, it happened. Um I still think what you're looking at is lighters at what now, like a $600 million market cap, a little higher, closing on $650. Yeah. Still feels cheap. I'm gonna say that. Uh now you gotta be fair when you have this many green candles in succession, like you know, two things can happen. You can have some corrections, you can have a lot of volatility. Um, you know, it's not the most liquid chart. Um, but there's also a lot of room to run, and these things can go parabolic. So, you know, the question becomes now like, was that the ultimate catalog catalyst? You know, it's gonna be harder to find a stronger catalyst than that. But um at the same time, it's also that's a real thing that's only just starting, and there's a lot of like the integration hasn't happened yet. This is all stuff that's been announced. So um interesting spot, but obviously we were good to we were right to to call attention to it. Not enough people talking about it yet, still.

SPEAKER_05 50:22

I can't believe I was right.

SPEAKER_03 50:23

I still meant I can't believe you didn't know you were right.

SPEAKER_04 50:27

You were right, but you didn't buy you were right, but you didn't buy the token of the code. I didn't make any money. I didn't make a fucking I didn't make a fucking penny. Um at least you got it recorded. We we can you can grave dance. You can you can still knee slide on the on the timeline. So yeah.

SPEAKER_05 50:43

Look, Stats is outlandish, lighter and robin outlandish, apparently. This guy was fucking right. I had XY in the comments. Henry, scroll down to the comments, please. Fuck this guy.

SPEAKER_03 50:58

That was that was eight days ago. You haven't grave danced yet.

SPEAKER_05 51:02

Yeah, I'm I'm I'm about to. I'm about to I'm about to. I'm gonna I'm gonna be retweeting that post now, guys. Look, I was right. Tune into Risk On for the Alpha. Um other news?

SPEAKER_02 51:14

Be careful, be careful with XY. He'll he'll uh he'll have a response. Yeah, he'll roast me on the right.

SPEAKER_05 51:20

He's wrong. Yeah, yeah. I I do deserve one dunk, but he's gonna reverse dunk on me somehow, so I'm ready for that. I'm ready for that.

SPEAKER_03 51:28

But yeah, I just clipped a bunch of money into Ansem on stream.

SPEAKER_02 51:33

Oh, really? On our on our Risk On account or on Woods? My first account. Okay.

SPEAKER_03 51:38

That liquidity is looking thin, guys. If you see that that wick up right there for all safe.

SPEAKER_01 51:44

Wait, did you just candle it before I win?

SPEAKER_03 51:46

I just candled it, yeah.

SPEAKER_02 51:49

How much how much did you put in?

SPEAKER_03 51:52

Uh like low six figures.

SPEAKER_02 51:55

And that and then let's see what it did.

SPEAKER_05 51:57

Let's let's pull up the uh um it's uh on that last five minutes, it went up um three percent. Okay. Three percent off low six figures is uh or to be fair, Wood, was it off the lows? Were you doing is this what's the same thing?

SPEAKER_03 52:12

I started at like three no I didn't DCA, I just one clipped it. Uh I started at like 375.

SPEAKER_02 52:19

I don't really see much of a wood candle there. They're not what they used to be. They're not what they used to be, is all I'm gonna say. A four percent candle on a $400 million token. You can do better. You can do better. Put more, add more.

SPEAKER_04 52:35

That's the candle. That's not that's a candle. That's a candle. That's a respectful one.

SPEAKER_02 52:40

Anyways, uh let's talk let's talk about Zach really quick because a lot of a lot of big news on the case. Um you can literally just probably go to Mert's timeline and it'll explain it better than me. But um they just finished this ironwood um let me pull it up. Uh yeah, so this ironwood protocol um that they were talking about, basically they have um you guys know the big exploit concern that happened where they were worried that it could be counterfeited, you could basically mint more supply in the private pool. This new Ironwood protocol through the tachyon update um basically formally verifies, like mathematically verifies that you can no longer, there's no longer way to in an undetected way uh counterfeit uh supply or mint any additional tokens. So this is separate from uh verifying that no additional tokens were minted, but what it does say is this cannot happen again. So basically we're one more catalyst away from Zcash being fully in the clear. It's now it's now formally verified. You can go through this to prove that like what happened a month ago can't happen again, as opposed to any other privacy coin where there's a concern we don't know what's happening in the private pool, we now know nothing can happen in the private pool where the the token supply can't just become infinite. Um so if they can now, I think they said end of July was the target, if they can confirm that in that exploit no additional tokens were minted, and they have now confirmed that it can't happen again, it basically solves the you know the um all the concerns that caused that cascade down last month. Um obviously this was a very difficult thing for them to accomplish. We are not equipped to go into the full technical breakdown of all this stuff. You can dig it into it yourself. Um but this is really big news, I think. And the chart reacted to it accordingly.

SPEAKER_05 54:51

Yeah, couldn't be more happy, of course. Couldn't be more happy. Um Endless Zek balls. I will never turn off the uh the Zek bag. I'll always be in. I think I'm in for the long run here. Um I think the chart looks amazing as well. I hate to be that guy. I really hate I really do hate to be that guy.

SPEAKER_02 55:12

Well it survived, it it survived a critical moment, right? Like if it had lost what did it what'd it go down to 380 bucks? If it had gone down and lost 300 bucks, it would have looked real nasty. Um but now that it didn't, is this the daily? That's the seven the weekly. That looks pretty good. Yeah, that looks really good.

SPEAKER_05 55:33

Um a lot of people have tried to shake me out with that bag, you know. A lot of people have been uh trying to dunk on me with holding Zec, but I am uh I'm hanging on for dear life.

SPEAKER_03 55:45

As you should, it'll bring you future riches as when we're all trading uh pump swap-esque shitters on Zecchain, right?

SPEAKER_05 55:52

Real. Real. Or Robin Hood chain now.

SPEAKER_03 55:56

Or Robin Hood Chain on lighter. I'm never gonna go over that one, folks.

SPEAKER_05 56:01

That was a big one.

SPEAKER_03 56:03

You need to write a tweet right now and capitalize on this moment.

SPEAKER_05 56:06

Yeah, I just uh just responded to XY. Um right now. No, I just responded with the with the integration.

SPEAKER_02 56:14

Um it's just funny because you're like you're like four days late. Yeah, it's like a while ago.

SPEAKER_05 56:20

Yeah, it's uh it's last week's news, but I'll still dunk on him with last next last week's news. Nothing better than that. Great stuff from me.

SPEAKER_03 56:28

Fucking incredible. Um, all right, let's wrap it up here, guys. Um good chatting today. Uh let's do our let's do price predictions on Anthem for Friday because I'm now an Ansom holder. Uh Friday for you, by the way. Up or down.

SPEAKER_05 56:43

Loa. Loa, 300 mil.

SPEAKER_03 56:46

300 mil?

SPEAKER_05 56:48

300 mil.

SPEAKER_03 56:50

That's lovely. This is where the this is where people who are up a lot um either learn how to believe or sell and I get to buy more and believe for that. Uh swizzle, up down.

SPEAKER_02 57:05

Higher. I don't I I think what you're saying is gonna happen, will happen at some point. I don't think we're there yet. I think above 500 mil.

SPEAKER_03 57:13

Above 500 mil. I'm gonna say 300 mil so I can buy more.

SPEAKER_02 57:23

Yeah, I hope I will. The question is if the if we don't if we do go to 300 mil and you guys get your entry, do I irresponsibly add more with you guys? And full costume. You'll double down.

SPEAKER_03 57:34

Swiss Swizzle will buy 1% of this token. I don't think I should.

SPEAKER_05 57:38

I know how much you have, and I don't think you need more.

SPEAKER_03 57:41

I know how much you have too, and I don't think you need more either. But does that ever stop me before? But swizzle, but swizzle, swizzle, I know you, and I know you've held bigger swings with bigger size before than what you have now, and I don't doubt you would add to it at 300 mile.

SPEAKER_02 58:00

Stop me from doing it. Don't let me do it.

SPEAKER_03 58:03

I will never stop you from making bad decisions. I will take you on. I appreciate that. Alright, go check out FOMO, download it, promo code RISCON, help us grind back up there, uh, back to break even. Um and uh co trade uh tokenized equities, perps, everything. FOMO. Try FOMO. Um see you guys Friday.