AI Trade is Back On, Equity Pairings are Just Memes, and the $70M $PONS Short Trade
The calls
Every call on the show7 calls
3:20MULong“Micron is popping… this looks like a bullish chart… you could use that like eight, whatever that is, eight 80 stop.”$1,016−3.5%
“Micron is popping… this looks like a bullish chart… you could use that like eight, whatever that is, eight 80 stop.”
Bullish Micron chart setup after a pullback, with rising AI agent demand driving chip demand.
10:50MULong“My big AI trades on right now are Micron, Nebbius, NVIDIA and Sunrise Technology”$1,020−3.9%
“My big AI trades on right now are Micron, Nebbius, NVIDIA and Sunrise Technology”
Holds Micron as a longer-term AI position, hoping it is way higher in six to nine months.
10:50NBISLong“My big AI trades on right now are Micron, Nebbius, NVIDIA and Sunrise Technology”$249.15−15.0%
“My big AI trades on right now are Micron, Nebbius, NVIDIA and Sunrise Technology”
Holds Nebius as a longer-term AI trade, hoping it is higher in six to nine months.
10:50NVDALong“My big AI trades on right now are Micron, Nebbius, NVIDIA and Sunrise Technology”$227.99−1.0%
“My big AI trades on right now are Micron, Nebbius, NVIDIA and Sunrise Technology”
Holds NVIDIA as a longer-term AI position.
12:41SPACEXLong“If I were to buy, I would probably buy some SpaceX right here.”$147.79+10.3%
“If I were to buy, I would probably buy some SpaceX right here.”
Likes the SpaceX chart and the Grok product, and is slowly building a position with Quotrons rewards.
23:08LAPTOPAvoid“This is a meme. We know how meme points play out. It’s dead over. The celebrity coin is dead.”$3.62−97.9%
“This is a meme. We know how meme points play out. It’s dead over. The celebrity coin is dead.”
Dismisses Hunter Biden's celebrity meme token, comparing it to the Trump and Libra liquidity drain.
27:49LAPTOPAvoid“I’m sitting this one out completely. You know, I think there’s better things like the AI and memory trade to put money into.”$3.62−97.9%
“I’m sitting this one out completely. You know, I think there’s better things like the AI and memory trade to put money into.”
Sits out the Hunter Biden token and prefers AI and memory trades or protocols with real revenue.
Also came up
3:59PLTRMention“Nebius Palantir announced that Nebius is their partner, their trusted partner for their trusted what’s called Neo cloud partner.”$172.63
“Nebius Palantir announced that Nebius is their partner, their trusted partner for their trusted what’s called Neo cloud partner.”
Palantir named Nebius as its neo cloud partner, which helped the Nebius pop.
21:24ZECMention“We did see Zcash pop off and some other names starting to move quite significantly.”$1,178
“We did see Zcash pop off and some other names starting to move quite significantly.”
Zcash rallied over the weekend.
22:32PUMPMention“I’m also hearing reports that Pump.fun purchased this launch to launch it directly on Pump.fun”$0.00443
“I’m also hearing reports that Pump.fun purchased this launch to launch it directly on Pump.fun”
Pump.fun reportedly bought the Laptop token launch.
23:38TRUMPMention“If you look at what happened with Trump, Melania and Libra, right? Like it was literally, you know, it was a cat, an 11 hurricane that hit meme coins”$2.26
“If you look at what happened with Trump, Melania and Libra, right? Like it was literally, you know, it was a cat, an 11 hurricane that hit meme coins”
Cited as a past example of celebrity coins draining meme coin liquidity.
40:21HOODMention“Most, most likely here will be Robinhood who has their own credit card, has their own reward system, runs all the tokenized stocks”$122.19
“Most, most likely here will be Robinhood who has their own credit card, has their own reward system, runs all the tokenized stocks”
Robinhood is seen as the likely next adopter of equity-back rewards.
44:00PONSMention“One of his largest short positions is on Pons. And I think at one point, he was down about 17 million on this trade, and he had about 70 million”$0.7732
“One of his largest short positions is on Pons. And I think at one point, he was down about 17 million on this trade, and he had about 70 million”
A Hyperliquid trader with a roughly $70M Pons short launched a competing fork, and Pons holders are hunting his stop.
50:48BONKMention“On Solana, you have, I mean, really it’s Bonk and Pump are the leading two.”$0.00000311
“On Solana, you have, I mean, really it’s Bonk and Pump are the leading two.”
Named as one of the two leading Solana launchpads.
50:58PUMPMention“Pumpfun’s refusal to leave the Solana ecosystem is interesting to me.”$0.00436
“Pumpfun’s refusal to leave the Solana ecosystem is interesting to me.”
Pump.fun stays on Solana while competing launchpads spread across chains.
51:00AEROMention“Base, there’s Aerodrome and Uniswap.”$0.6417
56:16AAPLMention“I know we have Apple iPhone event tomorrow.”$317.58
“I know we have Apple iPhone event tomorrow.”
Upcoming Apple iPhone event is a catalyst for second-order trades like memory.
Pulled from the episode automatically and priced by Indeix at the moment it was said. Not investment advice.
Clips from this show
All clipsgmoney on the signal traders ignore because it feels wrong
hunter orrell on being the most disliked manager in every league
hunter orrell on the one habit that outlasts every cycle
gmoney on the product that changed his view on SpaceX
gmoney new information means you reevaluate the thesis
hunter orrell on the day a model told him no
gmoney on why he stopped reaching for the biggest model
gmoney on why getting stock back feels different from getting cash back
hunter orrell on turning your own spending into a watchlist
hunter orrell on the leaderboard number nobody wants to check
Transcript
What is up, everybody? Welcome back to another episode of Full Port. So happy to have you here. A lot happening, whether it is Hunter Biden’s laptop, the crypto market, the AI trade being back, we are here to help you figure out how to navigate these markets, make the money you deserve to make, and hopefully not lose any money while you’re at it.
As always, I’m joined with my amazing co-host and great friend, G, or G-Money. Good to see you, brother. We got to spend some time in person last week. I think from Thursday onward, we saw a lot of stuff that got us excited. Markets have been interesting, whether it’s been Quotrons, PumpFun, Bitcoin, the AI trade, a lot to get into today.
Let’s just jump straight into it. How are you doing?
I’m doing well. Yeah, I know. Obviously, there was a long weekend. I think a lot of people were super excited for trading over the weekend.
I kind of want to start off with probably the AI trade in TradFi markets and then kind of go on chain from there if you’re cool with that.
Let’s do it. Yeah, I mean, a lot to cover there, but let’s jump straight into the AI trade this morning.
Yeah, so basically Astra came out on, I don’t know, over the weekend at some point. I haven’t tried it out myself. I was just messing around with it a little bit this morning.
But the feedback that I’d seen on X from my trusted AI quants has been pretty remarkable.
And I think the fact that SoftBank, I think, was up 25% because obviously Asian markets were open yesterday and Sunday night and Monday night.
And SoftBank has a lot of exposure to open AI means people are like super excited about what’s going on there.
So, you know, I need to mess around with it. But I think basically what that ended up happening in public markets is that people are now getting excited about AI again.
Whereas, you know, a week or two ago, people were like, well, how much improvement is there actually going to be? The top is in, you know, all this bear porn.
And, you know, I think this morning, it seems like the market’s sold off a little bit from the highs, but Micron is popping.
And I don’t know if you have the chart up yet, but the chart, I mean, to me, this looks like a bullish chart.
You know what I mean? Like if I were to get long, you know, like you could use that like eight, whatever that is, 880 stop.
But this like looks like it’s getting ready. This reminds me a lot of after the last quarter when I think it printed from 450 down to the low 300s and then it got ready to go on that run.
And so obviously this is from a higher base. But I think what basically, you know, all this is kind of showing is that there is demand for AI agents.
There’s going to be more demand for chips because of all of this, right? Nebius Palantir announced that Nebius is their partner, their trusted partner for their trusted what’s called Neocloud partner.
So I think that that’s kind of what’s causing that pop too. You know, there’s been a lot of downward pressures since they did that secondary.
And it seems like now it’s above that range. And yeah, I mean, it seems like on any given day, the whim is different depending on what’s the narrative people feel like pushing or how, let’s say, people wake up that day.
But, you know, I, again, this is kind of what I’ve been saying for the last couple of weeks is that these AI agents, as they get smarter, they’re going to become more capable.
And then people are going to start using them more for everyday tasks, right?
And they’re going to be easier to use and easier to just do stuff with.
And that increases demand for it. So I think that that’s what we’re starting to see.
I think also on Friday after the show, the jobs report number came out and it was surprisingly strong.
And I think the market initially sold off, but I saw AI in general was pretty strong because all of a sudden the narrative starts to shift from AI is going to take our jobs.
There’s no return on it to, hey, this is actually causing more people to be hired.
Wow. Shocker. Right. It’s like it’s like nobody except us to have been saying this for the last six months, essentially.
Yeah. I mean, listen, there’s a lot. I think there’s a lot of people have been saying it’s just probably not in our Twitter sphere.
Yeah, no, no. That follow. But, you know, it’s just, you know, I think this is, to me, just the thing you want to keep an eye on.
So, like, I saw that on Friday. I saw my metals positions were a little weaker, but my AI positions were stronger, right?
Because it’s, again, it’s just like narrative violation, right?
And it’s like when you get those narrative violations, you have to be paying attention, especially when, like, believe it or not, I feel like sentiment is just so low on the AI space at this moment, right?
There’s so many bears that are like, the trade’s over, this and that.
But now, obviously, even in the consumer space, too, like, I would have thought at this point more people would be like, oh, yeah, AI is good.
I like, like, like, I, so I named every single one of my fantasy football teams, their team name is Fable 5.1, and then in parentheses, Max Effort, which I think is a great, a great team name.
Oh, I might steal that one. I think I’m going to steal that one.
And it has rubbed every single league very wrong. Like, I am, I am the least liked person in every single one of my leagues, because they’re like, oh, this, like, you know, this dick is using AI, like, oh, your stupid AI won’t work.
Like, I am, I am projected rank one in every single one of my leagues right now.
Actually, I take it back, three of them rank one, one of them rank two.
But I, I could not believe everybody who’s like, dude, you’re so dumb. AI is not that good.
Like, you’re going to come in last. Like, like, why would you use AI?
Like, it’s, like, everybody’s just, like, crapping on it, to where I’m like, what are you talking about?
Like, I’m quite literally, I have scripts running that, like, monitor, like, like, the open league and all this.
But it just, it, like, drives back this fact that these are average consumers who are, like, pushing back on AI still, which makes no sense to me.
It’s much like the crypto trade. Like, it’s like, everybody’s like, oh, crypto will never be used.
Because, well, here we are. Stablecoin seems to be, like, the perfect fit.
And it’s doing billions of dollars a day. And people, people just don’t want to accept the new technology.
Yeah, I mean, and, you know, I feel like tokenized stocks is next.
But we’ll get into that probably in a couple minutes.
But on my, on this, again, this fantasy football league that I, I did, I signed up for it.
And I was like, I immediately regretted that decision.
So I’m like, all right, whatever. I’m just going to go through with it.
But then I saw they send out, like, the commissioner sent out an email being like, you can’t use AI, like, during the draft or whatever.
And it’s like, we’re using the honor system.
Like, my ass.
But I think I might rename mine.
I might rename mine to Astra.
Astra hard, hard or whatever.
Astra extreme, whatever the top Astra model is.
But, yeah, it’s just, it’s just funny.
I think people still, in general, there’s a lot of pushback, which tells you that there’s, like, opportunity there.
Yeah. Yeah. Where there’s not, like, I love being the early adopter.
I think that’s, like, that has defined a lot of my career here.
But, I don’t know, I think if you want to win in these markets, you have to be willing to try and test things.
Like, we’ve said a number of times on the show, maybe you don’t have to be an early adopter, but you’ve got to be curious.
And you’ve got to, you can’t be a maxi on things.
That’s probably the number one thing that, from crypto that I’ve learned, is, like, never, ever, no matter how tied to your bags are, don’t become a maxi.
Never go full maxi. Never go full maxi.
It’s not good. Don’t do it.
Yeah. No, I agree. I think that that’s where, you know, I think that’s probably one of the characteristics of being in crypto is that you’re generally early and you’re willing to try and you’re willing to experiment.
And that’s how you find stuff, right?
I think that was kind of my thing with Quotrons of why I got into it so early was because I had a couple buddies hit me up and they’re like, hey, this is, like, a really elegant design.
And a mechanism. And so, you know, just like every other good trader, ate first, DD later, right?
And so, like, I bought some and then I started looking into it and I was like, oh, yeah, this is actually pretty cool.
And, you know, and.
It’s been playing out pretty nicely and the ecosystem developing around it has been nice but I think that that’s kind of one of the you know for every one of those there’s you know a hundred that don’t work right but like that one that does work more that should more than pay for all the ones that don’t.
Nope nope that that’s a good take um as far as you know coming back to the AI trade here this micron chart looks really good um are you are you making any moves in the AI trade after seeing uh this price action jobs report um as well as I would say knowing knowing where uh fed decisions are most likely to land like anything change for you since our last show uh no nothing’s changed for me I’m just kind of like monitoring my positions I’d say my big AI trades on right now are Micron, Nebius, NVIDIA, and Sunrise Technology which is a little further up the stack right they’re producing Scandium which goes into Bloomboxes which helps build out the AI trade and so uh I’ve just been monitoring those I think if maybe I wasn’t as busy in crypto I’d be uh probably like probably like monitoring these more putting on like you know cute trades or shorter term trades but you know right now these are like more longer term positions for me and I’m just like this type of thing that it’s like yeah in six months nine months you know I’m hoping to come back and look at these things and they’re gonna be way higher so for me it’s just like holding steady um again I still don’t think I’ve seen the narrative change on them if anything I feel like it’s getting stronger uh and especially with more people you know you got to climb that wall of
worry right and so I think a lot of worry right and so I think a lot of people still have that wall of worry out there and um you know I think that’s that’s good for for the stock because I think like once you if everybody was a believer then like you have no other no new person to convince to uh to buy the stock whether it’s a short or a new long you know I agree um we’ll keep monitoring the AI trade here I am watching each of those charts uh looking for any entries that make sense I like I said I’m I’m sidelined um from previous shows where I’ve kind of taken the money out I’m playing in the uh crypto sphere mainly um talking about AI trade this this SpaceX chart looks nice SpaceX looks nice here wow it does look I guess if I if I were to buy I would probably buy some SpaceX right here you know you you’re a criminal to me for every time I want to buy you’re like ah like wait a little lower but again like dude like I I mean that’s that’s trading right like the conditions change by the second so you know we the the news that’s on the field now today is different than when it was at 110 so we like space you like this let’s walk it through like yeah hold hold my hand like the the equities trading toddler I am um are you bidding here are you looking
for you know a red day to get in and then obviously invalidation I guess is under 130 if I’m looking at this chart correctly yeah so um basically I decided I’m going to be building my SpaceX position with my Quotrons rewards uh so I’m going to be like building that slowly over time but if I were to buy a position right now so like here’s the thing was in a downward spiral right and um and then you know the lockup the lockup comes through uh it pops on it apparently because there wasn’t any stock when we were talking about it and then I think somewhere around here I think Grokbot comes out right and Grokbot to me was really what kind of changed everything of my view on SpaceX right it’s like okay well I think Grokbot’s like a really good consumer product I think uh they they showed Elon showed that he could one maybe not be at the forefront of the frontier models but you know um be pretty close right and and be very fast I think that’s one of the things I like the most about Grokbot is that it doesn’t take you know 90 seconds to tell me what the weather is in New York City today like it’ll get that back very quickly and I think that there that’s like a good competitive advantage uh and so yeah so I think the product is good and that product was not out at the beginning of
August so again like dude like I could tell you that I think SpaceX is a great long year but then if some news comes out in five minutes after the show’s over then obviously my thesis changes and that’s that’s literally what trading is right when new information comes out you re-evaluate your thesis at all times and then just say is you know do I still want to hold this do I still is this still worth the risk of reward right and so like I said to me like again as a trader I’m not like oh shoulda coulda woulda I could have bought it at 110 I didn’t the information that was out was different at that time and it wasn’t a trade for me you know I know a lot of people made that trade and made good money on it and whatever I think to me buying here is probably a safer setup than trying to pick a bottom at 110 makes sense makes sense yeah no grok again I actually am blown away by it after using it I didn’t get the hype I was like yeah I can’t be that much better it’s it’s really good um you know I kind of I use it yeah I use it um like more than I use all the other models though really it’s pretty much like my assistant because it’s also very easy for me to interact with it on my phone and um yeah
I’ll use like pretty much now the way I I’m almost not really using I guess like I can tell you how I’m using AI in my workflows right now I use grokbot for anything where I’m like I want to know the exact news so for instance I was like tell me a little bit about this apple uh event that’s coming out tomorrow right and it gave me like expectations of what was supposed to come out and what people think is going to be and stuff like that um and like it’s just very timely and it’s very fast so I can be like hey do quick research on this so it’s great uh fable or or claude at this point I kind of only use it for co-work on my computer where I’m like hey like find this file like I can’t find the file like sort through it or like sort my folders you know stuff like that and then anything I think dev wise um I use codex because codex to me like just does everything in a technically sound way and that’s kind of how I’m using stuff at the moment and I would say that like um I haven’t necessarily experienced it personally but I’m hearing more and more things of like claude models not doing things because it doesn’t agree with the ethics of it or or whatever right and so it’s just like I think like
that’s starting to come back and bite claude in in the ass because like it’s it’s one I think you can get away with it when you have the best model but if you you know have a marginally better model or you don’t have the best model then people like all right well give me something you know like if I want truth and I and I don’t want to be censored at all like I go to crockpot yeah yeah no I was running something for index which is our in-house um blockchain data company at loot and was trying to use it on robberhood chain to find potential new launches that were happening and basically was asking for it to go back and look through certain wallets uh activity and look for liquidity uh addition events and it pushed back was like I’m not going to do that I think that there’s uh mal like you have malice and like what you’re doing and I was like no like just go look at the liquidity pools and I was like I can’t do that for you and I was like there’s there’s no I’m doing nothing wrong like just go look at liquidity pools and report back um I like again blown away by what it feels like to have an AI model choose what you’re allowed to and not allowed to do um when it’s such a like that’s not black or white that’s like a gray area where you know if I’m trying to do something that’s
around like an actual crime um I would understand that right like I totally understand if I was like asking it how to make drugs or something like it’d be like ah I can’t do that that is like quite literally an illegal you know thing I I don’t get this other stuff though um I will also say uh anthropic and I have a little bit of a beef this morning I tried out uh fable 5.1 max effort um I went through a week’s worth of credits in an hour um I got like really not happy well also so I guess like so it’s funny because when I was messing with Astra Astra this morning um I was like all right what what level of effort do I put it on and I left it on medium because I’m like at this point like I think I’ve done a lot of I’ve done a lot of the hard dev work that I’ve personally wanted to do and so now I’m just like all right well I’m gonna be I’m working on like a mini website or something for something that I’m working on and I’m like I don’t need you know max effort on this right like I I’m good with medium right like I’m not building a security database blah blah blah whatever it’s like it’s just it’s very yeah so I I find that um I myself am starting to be like, all right, well, I don’t need like the frontier frontier intelligence because if not, I’m going to use all my compute in about 10 minutes.
And frankly, like I don’t need the most frontier intelligence for that stuff.
When I think when I was working on like more technical stuff and building out these systems and these backtesting systems and stuff like that, of course, I probably want more frontier intelligence than that.
Right. But, you know, it’s. Yeah, I think that like now it’s like I’ve done a lot of the work that I wanted to do.
I know the tools that I have in the tool shed. And yeah, I think it’s probably just like the same thing on everybody’s end. Right.
Like they’re probably going to start throttling compute more because also they’re very compute constrained. Right.
I think last week, Claude was down for a couple hours. Right. Like I was like trying to do something.
I’m like, like, am I at my usage limits? And then like, is my Internet connected? Like what’s going on here?
And then it was just, you know, I saw a couple. Well, I think I think all the models were down for a little bit.
Like there was kind of like a mini attack or something from really again.
I was I was I could just be making that up. I don’t know. But like I did see a couple of people talking about it on the next.
Interesting. Well, we’ll keep an eye in our radar as we continue throughout the day and the week.
A lot of other things happening within the industry.
I would say, unfortunately, the big one that got caught up with crypto over the last few days while we did see Zcash pop off and some other names starting to move quite significantly.
Unfortunately, the one area that I feel like we need to chat into because it’s kind of funny, but also I think it leads into a lot of maturity happening throughout the ecosystem is Hunter Biden trying to launch his own token named Laptop.
I’m hearing reports that he’s he’s in debt and like all these other things.
And look, he said that on a podcast, I think he said on a podcast, he’s like 15 million dollars in debt.
Really? Somebody shared that tweet with me yesterday.
I saw it yesterday. I’m like, oh, OK, well, then, you know, he is in debt.
There you go from from the source himself.
Look, we had Coinbase, Kraken, PumpFun, all everybody tweeting about it.
Kraken actually walked it back, which was the only centralized exchange I think actually put its foot down and was like, we’re not going to do this.
We’re pulling back from this, which I love to see.
I’m also hearing reports that PumpFun purchased this launch to launch it directly on PumpFun, playing into this kind of like do whatever for attention and chain activity moment that we’re seeing between different chains as well as different trading venues.
What’s what’s your take here? Because I have a strong one on where we go after seeing the reaction with this or what what happens with meme coins going forward.
So, like, I’ll be honest, like I really don’t care if I’m being perfectly honest.
I think that, again, like this is a meme.
We know how meme coins play out.
It’s dead over. The celebrity coin is dead. It will never, ever happen again.
Like, it’s just clear that I think.
Yeah. Like, so, again, like to that point, I think the people that were loudest on the timeline were people whose bags were nuked because of it.
Right. Because, like, it’s a liquidity suck.
Liquidity is coming. Like, if you look at what happened with Trump, Melania, and Libra, right, like it was literally, you know, it was a cat 11 hurricane that hit meme coins, right?
Because it took out all liquidity.
And so, you know, I think people are, like, thinking about it the same way.
Again, meme coins are not really my thing.
I saw, obviously, that it sucked up a lot of on-chain liquidity as people were maybe getting ready for it to happen over the night.
I think it’s supposed to launch tomorrow, right, I think.
So, you know, maybe that’s delayed.
Maybe, who knows, right? I don’t really know. But, yeah, I just, again, like it’s really, it’s like these are permissionless systems.
People are going to launch tokens.
And, you know, it’s up to people in the space to support them or not.
I think, big shout out to Ansem for, he was a big, he was a big proponent of celebrity meme coins last cycle.
And he basically was like, no, like not, you know, not into it.
So, good for him. You know, he’s obviously a really smart guy, really loud voice in the space.
So, you know, it’s good to see like that self-reflection and not just kind of like pushing that.
But, yeah, like we’ll see. Like I think that like a lot of people are like, oh, no, like I’m not going to buy it.
But like I think people are going to buy it.
Like if somebody is like, I think I can make money, they’re going to do it.
So, I think as much as there’s like a lot of grandstanding on it and people are like, no, like this is not how you do it, blah, blah, blah, and whatever.
I mean, if the thing launches and it’s trading at, let’s say 10 million FDV, I’m sure people are going to buy it and try to pump it to 100 for 10X.
I tweeted this yesterday.
The crack pipe is hard to put down.
And that is, I mean, that’s like at its core, that’s what we’re seeing.
We’re seeing people that want to keep gambling and keep playing this, you know, short-term speculation game continue to play it.
I mean, we even had. Yeah, and then if people get like allocations and stuff like that, then all of a sudden they’ll go from haters to being like this is going to revolutionize politics on a go-forward basis, right?
I think like the, I think to me, like the interesting, weird dynamic of the token from like the little that I read into it was that he’s airdropping some of it to people that lost on Trump coin, right?
So, that’s one. And then if the Dems win the midterms, he’s going to burn like 30% of supply.
And like, I don’t know, it’s just like, you know, like I know Elon got a ton of flack during the last presidential election because he was, he kind of ran like a lottery type of thing in Pennsylvania where it’s like, I forgot exactly what it was.
Like if you registered to vote Republican or something, you were entered to win like this jackpot prize.
And a lot of Dems were like going after him saying that what he was doing is illegal and blah, blah, blah, and like trying to buy votes or whatever.
And it’s like, I think like the mechanics of this meme coin of, hey, if the Dems win midterms, we’ll burn supply.
So, you’re going to like make money because supply is going to go down.
It’s almost like you’re trying, it’s like the same type of mentality and mechanic of him trying to, let’s say, buy the crypto vote per se to see if the, because like, I think they said, right, in the presidential election that the crypto vote was one of the swaying factors.
I think it was really like, I think it was like the Amish vote in Pennsylvania that like won them the election from like my understanding.
But like crypto, obviously they play a factor, but yeah, so like, it’s basically like using the same game theory right behind it of like, hey, let’s get like crypto people on board with this so that if the Dems win, they make money.
So, I don’t know, like to me, it’s like the same types of mechanics dressed up a little differently.
But listen, it’s politics, politicians are going to politic.
So, you know, it is what it is.
Obviously, obviously, there’s probably going to be some people buying this, but I’m sitting this one out completely.
You know, I think there’s better things like VAI and memory trade to put money into.
And if not that, obviously, we’ve got a lot of other projects and protocols within the space that actually have a real product, real revenue.
So, over the weekend, my Sunday evening, I hadn’t left the house all day, watched my Quotron bag basically double from earlier in the day, that ripping all the way up to $22 million market cap on the token.
We saw the floor, I think, I think at one point above for ETH for a single Quotron.
Obviously, that’s pulled back significantly into today.
But we’re also seeing the number of unique holders on that continue to go up.
So, at some point here, I’m expecting that we’ll have the weekends fully out and, you know, just going through kind of some of the NFT activity here.
It looks like we’re seeing people that were, you know, sitting on 8 to 10 of these down to 2 to 4 or 0 in some cases, just kind of doing some due diligence here while I’m talking.
It would seem most people are just like, hey, I’ll keep my moon bag and I’m out.
But we’re almost up to 1,000 unique holders.
A lot of interesting things happening there.
They added points to Quotron’s this morning, which makes me think there’s something around Inc. Chain, TJ.
It was added, I think the points were added on Saturday or Sunday or something.
Saturday or Sunday, okay. Yeah, yeah. I’m not like, I’ve never been a points speculation guy.
So, I’m just like, whatever.
I think any points or whatever, I think is just like great, what’s it called?
Gravy on top, right? Icing on the cake. Sure. So, because I just think, I don’t know.
I think what he’s doing, I think he’s a crack dev.
I think wanting to integrate into the xStocks pools as we’re at the beginning of a stock tokenization trend that I think will very much follow what we just saw happen with stable coins over the last decade.
I think, cool, you want to be in there. And I think this is a great way to get cheap exposure because I’m sure you can get exposure through a bunch of different vehicles.
I just think, like, the valuations are probably just way higher.
You, so you’re, okay, I agree on that. What is, have your, has your opinion on tokenized stock pairing change at all?
I see tokenized equities becoming super hot and we’ll, I’ll cover a project that I think is going to crush this after this point.
Um, but I think this pairings thing is just, it’s meme coins with, uh, you know, wearing a nice suit, uh, essentially at this point.
Um, you know, if I pull up the screen share side here, I’ll pull up my, my screen.
Um, yeah, I mean, I, I’m looking at it right now, right?
I saw that post last night or yesterday at some point and I thought it was hilarious.
It’s very true. So I think that, yeah, I, I think that what meme coins are providing, I think is a demand sink to bring more and more stock on chain.
Right. And I think it starts with that, um, kind of like a little bit in the same theory as, you know, it always starts off as looking like a game.
If we call this look like the game, right. Meme coins, the game, then yeah, it’s bringing stuff on chain and it’s bringing token, uh, equities on chain.
And then ultimately we’ll start seeing some like interesting primitives because now we have, you know, $3 billion worth of tokenized stock on chain or whatever that number is.
Right. And, and growing. So I think that, you know, this meta is, does it last forever?
I don’t think so. I think it’s more so because it’s, it’s a little more novel and it’s brand new.
And again, like I, you know, I’ve said it a couple of times now, I think that the tokenized, uh, the stuff we’re seeing with tokenized stock on chain is some of the most interesting stuff I’ve seen in years with crypto.
And now all of a sudden these DeFi primitives can start working that people were working on a couple of years ago, because now you have like things that have real value, right.
On chain. Right. And not, not saying that like Bitcoin and Ethereum and all these crypto coins don’t, it just that, you know, you could wake up one day and like Bitcoin could be up or down.
And Ethereum could be up or down 10 or 25%, right. If NVIDIA was up or down 10 or 25%, like if NVIDIA was down 25%, like, like there’s a lot of shit going on in the world and you’re not necessarily worried about your portfolio at that point.
Right. Um, so overnight. Right. And so I think that again, I think that it’s a demand sink. People are going to be coming more on chain. It’s allowing people to do that. Um, and then I think we’re going to start seeing the second order effects of that, of like, cool. What are, what are the cool things that can be done?
Like I saw something yesterday where somebody was building a protocol where you can shop like at your favorite places. Uh, yeah, I think you just, you just brought it up, right. You can shop at your favorite places.
I need, I need to, I need to invest in this. I need to get cash back in the form of tokenized equity of the place you just spent money at. Right. And again, like, I think that like, this is very, very cool.
And I think that again, there’s something psychological of getting equity back instead of cash back. It’s technically the same exact thing, right? If you want to, there’s just like one extra step instead of giving you a dollar, I’m giving you a dollar worth of stock. It’s pretty much the same. You could sell that stock and get immediate liquidity if you want.
But there’s something about like, even I’m looking at like Quotrons of like, when I get paid my, my yield, right. I’m like, Oh, I’m building my portfolio. Like I could sell it into cash or whatever. But like my psychological, the way I’m processing it psychologically is just very, very different than cash back.
Cause cash back is like, I feel like it’s like, all right, I’m like a credit card participant and I’m getting money back and then I can spend that blah, blah, blah. But I feel like equity back is like, Oh, I’m becoming a stakeholder in this business that I’m already a customer of. Right.
And I just think the psychology behind that is just so powerful. Um, and it’s like, it’s kind of like the same psychology that, um, you know, token launches have, right. Where, you know, when people are like, Oh, you know, people are farming the airdrop, collecting points, this and that, right. You’re doing it because you want to get the token. Right. And quote unquote, make money off of it.
But, um, there is something of like, Oh, maybe this, I think at a high level, it’s meant to increase, um, like increase brand loyalty. Right. Because like you now are an owner of it. Right. So yeah. Well, and I, I think this is spot on. Um, I mentioned this to my good friend, Daniel, uh, when he was here visiting me in Baltimore, I was like, Hey, I started eating a lot more kava. Um, they have earnings coming up.
I’m going to buy some. Cause usually like, I’m a good, like, even you with like noticing the air, uh, everybody wearing like the Apple headphones, you’re like, Oh, I’m going to buy some of this stock. Like I see the behavior changing. Um, and then obviously they ripped. Uh, and I’ve done this number of numerous times where I’m like, all right, where am I spending money? Where am I acting? And then using that almost as like, Hey, this is where like, I should put money. Um, I ultimately think.
Like if you find yourself shopping and buying a bunch of Procter gamble, you know, consumer goods and that’s spiking up, like probably also want to have, have some of the stock because likely there are other humans doing the same thing and that will show up in earnings. Um, so this is my call to action for anybody. And I’m going to reach out to a few VCs here. Anybody that has an intro to crumbs. Um, I would love to invest in this.
Uh, they’re there. I’m trying to go to, Oh, here we go. Like I’m, this is my call. Somebody listening to the show knows something about, about crumbs, whether you’re a VC or a builder or, or whoever. Um, this is, this is a venture check all day for me. So please, I want to get in touch with the team, uh, as well as, uh, I think there’s a bunch of stuff info related that, uh, we can provide to them. So I don’t know. It seems like there’s a lot of people who watch.
I just replied to the last post and said, DM me, please. So hopefully they write back and we can get on a call with them. Cause I do think it’s like very interesting.
I think it’s a slam dunk. I also think, um, I will, I will note here, uh, that Peter, uh, from one K X tweeted a day before this came out and was like, I think I identified the next big company, like consumer company.
And I’m going to try to own as much about them. I would wager that, uh, this was the company that he was talking about. It just, the consumer behavioral here.
It’s like, this is like a baby between like acorn and in Robin hood and like crypto, if they had a baby, like, what would it look like?
And it’s this, it’s a consumer behavioral change. And I love those, especially if they’re done in a way that it’s, they’re not reinventing anything.
They’re really just taking one step out of it. Um, it will come down to moat.
We’ll see. We’ll see. Again, the moat, the moat side of things, um, they’re going to have to figure out how to like own the marketing machine here and then maybe do some like interesting things, uh, with on chain, maybe yield.
I’m not sure, but I don’t think, I don’t think this is like a fully, fully like, Hey, no other company can do it.
We own the tech moat. Um, we’ll be interesting though, but I’m a backer.
So I think, so I think like the interesting thing with stuff like this is how, how much does it not feel like crypto?
Cause I think like, that’s one thing that FOMO did really well, right. Is it doesn’t feel like crypto.
And I think any app that can do that, especially an app like crumbs or anybody trying to do that.
It’s like, you need like courtyard does a really good job of it too. Right.
It obfuscates all the crypto away so that you feel like you’re just doing a normal, like you’re just downloading a normal app and interacting with it.
And it’s like, Oh, cool. Like I got like, you know, stock. Right. And I think also like the, the, I think the Trump account stuff, uh, that was announced a couple of months ago.
It’s also kind of normalizing this, right. Cause like you can give stock to, um, kids and stuff like that.
And it’s like, you know, I think we’re like probably moving closer and closer to a world where I’m like, Hey Hunter, it’s your birthday.
I know you love Apple. So like, you know, I got you some, you know, here’s like a hundred dollars of Apple stock.
Like probably more impactful. Like if you’re younger, right. Like, like, Hey, like instead of a toy, you know, here’s a hundred dollars of this stock, you know, and like, enjoy it and enjoy it when you’re older and you can, you know, it’s been invested for you.
So yeah, I, I just think like, again, these, these are the things that get me really excited about crypto in general, these types of primitives, um, that begin to exist.
And I think now we’re starting to get to a point where these things are very, like, even, you know, even in 2021 when people like, Oh, how do I buy an NFT? And like, it’s still very difficult. Right. And it’s still like, for some things, like, it’s not like the easiest, but.
I think the easier we can make it, the better it will overall be for adoption in general.
Agree. Agree. Yeah, look, and I also think we’ll probably see other companies adopt this.
Most likely here will be Robinhood, who has their own credit card, has their own reward system, runs all the tokenized stocks.
Will be very interesting. I don’t, like I said, I don’t think, I don’t think this is something that won’t become the standard and it won’t become an option for the right people.
But I do think Crumbs here has a huge shot at being a front runner of this adoption of human behavior or consumer behavior going forward.
It’s funny because I also, I know a couple other people that have been working on like this type of stuff, but with stable coins.
So I’m sure, I mean, I’m sure it’s an easy pivot to take out USDC and put in like favorite stock here, right?
So I’m actually probably going to reach out to them after this podcast today to see like what they’re working on.
Yeah, yeah. And I think we’ll also see, so in general, I think the bigger part to like step back as an investor or somebody who’s trying to understand this market right now is this Crumbs company did not go and like split the atom and do something, you know, crazy, like technologically.
They took a very sleek design, they took a very accepted concept, which is cash back, and basically just said, okay, on chain now allows us to give somebody instead of USDC back, we can choose any asset, and we can now do it in a way that creates a different narrative.
Which is if you buy an Apple iPhone on Apple, you get some Apple stock back, and it’s going to be one-to-one with what the cash back rate would have been, but we, you know, consumers had changed mentally what they’re getting, and their mentality when they’re spending as well.
This can be applied across the entire financial consumer space, not just for like credit card spending, but for anything that evolves a stock, anything that evolves a dollar, and you probably want to start thinking of like where can this concept or this redesign be applied, and you’re probably going to see and be able to understand the best plays going forward.
Off the top of the top of the head, like the launch pad space, so asset creation, and then also probably asset management as well for like just holding on to assets and managing them.
How does that get re-thunk instead of just, hey, you’re getting a dollar of yield.
Quotrons, again, is probably a great example of instead of you getting, you know, $5 USDC in yield, you’re getting $5 in Tesla stock.
And now you don’t sell, you hold it.
We’ll get very interesting.
We’ll get very, very interesting.
So keep your minds open.
Keep looking at the industry.
If you have ideas on stuff you want to build, send them in the chat also.
I would love to discuss them.
Or if you’re building something in any of these spaces, I want to discuss it on stream.
Reach out to us as always. Anyways, I got to talk about one other thing that I make sure I get in on the show here about building.
And it’s a good example of if you’re in the space, you don’t and you’re not working for your bags, you’re not working hard enough.
You don’t want it bad enough. Okay. I’m not sure if you saw this story, but there’s a user, LORICLEXYZ.
He’s the founder or one of the co-founders of HyperScan.
Really, really deep on the hyperliquid space.
He’s down, I mean, tens of millions of dollars on different short positions.
But one of his largest short positions is on ponds.
And I think at one point he was down about $17 million on this trade.
And he had about $70 million.
Don’t quote me on that. $70 million worth of a short position.
As this started to go to the red for him, he basically tweets out, Fable 5.1 one-shotted this ponds family fork.
Now I’m doing 0% fees and launched PES.family.
We didn’t see this necessarily hurt the price of ponds.
We definitely saw a little bit of price action.
But this has painted an incredible target onto this short position.
And now he is doing anything it takes to find a way to drive the ponds price lower.
And essentially he’s trying to say like, hey, anybody can just build this ponds company with AI.
There’s nothing special about it.
And really putting this narrative of, okay, launch pads are nothing special.
They’re just a brand and basically customer trust in where a token’s launched.
Why is it valued at $800 million market cap, even though they are doing, I think, $100 million in fees annualized right now?
Really, really interesting situation.
I’m sure if you search this on X, you can figure out where he stands on the P&L side.
But I wanted to highlight this.
And as you and I discussed a little bit before the show, people are looking and probably hunting this guy with whatever mechanics are possible, whether that’s sending the price higher or lower, and knowing that there’s more forks coming that are going to try to take this down.
So, okay, I found this thread so entertaining over the weekend.
And it’s like, there’s working for your bags, and there’s working for your fucking bags.
And this guy, I mean, dude, you built a competitor, and you launched it.
And like, he doesn’t even need to make money on it, because if it works, he’s going to make so much money on the short.
Yeah, I mean, listen, I think this has been always the thing with crypto, right?
If something works really well, people fork it.
And again, I think a lot of it is the community, the trust that gets built around it.
It’s more than just the tech, right?
It’s not just the tech. So, I don’t know, we’ve seen this play out.
I think we’re going to see it play out more and more.
Because now, you know, like, if you and me wanted to do this, we could technically do this as well, right?
Like, anybody can do it with just, like, a $200 a month AI subscription.
And yeah, like, I just, you know, this is like, I also think the nature of crypto is very PVP.
And if somebody’s making money and there’s fees to be made, then, like, people will try to race it to zero as fast as possible.
And now, like, I wouldn’t be surprised, especially because I think he’s short on perps, right?
I wouldn’t be surprised if we start seeing more of this, right?
If, like, whatever. What if when SushiSwap launched, they took out a massive short position on Uniswap, and then, like, the lower fees that they would charge are offset by their short position on Uniswap, right?
So, I think we’re just going to see more and more of this type of stuff on a go-forward basis.
But, you know, it’s hilarious.
But he’s also being stop-hunted, right?
So, you know, I think the people that are in the Ponds community that I think are some of the bigger and louder voices, like, they also understand how markets work.
And it’s not like a free short.
Like, he’s definitely going to be getting squeezed. And I’m sure he’s going to be he’s going to have a lot of sleepless nights over the next couple weeks or months or however long he keeps that short position on because, you know, it’s crypto.
And since you can see everything on chain, you can see where his liquidation price is, right?
We’ve seen that play out so many times, right?
And now that he’s, like, on the radar, like, there’s money to be made on stop-hunting him.
So, the question is, right, like, how much money does he have, right?
Like, if he gets close to the stop, can he put up more money as collateral?
And then, you know, that gets hunted as well because at some point he runs out of money, right?
So, I don’t know. You would like to think he would run out of money at some point here.
No, I mean, he definitely will.
Like, there’s no question about it.
Like, you know, he definitely will run out of money.
So, the question is, where is it?
I believe his entry point is somewhere in the $700 million range.
So, he’s probably a bit off of it right now still.
As you can see, the PONS chart, if you bought anywhere around the drama with Uniswap launching pools, you ate well.
At least a 10, most likely a 20X in there.
For anybody, you could have gotten in with max size as well.
I think the first time we spoke about it, it was, like, at 20 mil.
Yep. First time on the show we were discussing this down – I mean, like, look, this ran up to 40, and then this was when Uniswap was like, hey, we’re going to launch our own Robinhood launchpad.
Ended up just being a launchpad aggregator.
Still don’t understand the point of it.
Makes no sense to me why they did what they did, unless they backed out of something at the last minute.
But then, obviously – OSF, some others got pretty long there, and it was only a few days until that started absolutely ripping.
I know it’s hard. I don’t like touching the launchpad space that often just because I think it’s often hard to not get run over by another brand name being like, ah, we’re going to support that chain now, and now they gain all the attention. I like to compare it to like, it reminds me of like watch manufacturers, right?
Like, you see certain, like there are certain watch manufacturers like, yeah, that I trust them, I know the name, I know the brand, I will buy from them.
And so like on Robinhood, you have PONS and, you know, flap and a few others, and you’re like, yep, I trust them.
On Solana, you have, I mean, really, it’s Bonk and Pump are the leading two, and then, you know, obviously there’s a handful of others there.
Base, there’s Aerodrome and Uniswap, and like each of them you trust, but you don’t have a singular one that’s like, this is the brand name for all launchpads across all chains.
We haven’t seen that happen. It will happen at some point here. I’m, I’m pretty certain of it.
Pump Fund’s refusal to, to leave the Solana ecosystem is, is interesting to me.
And obviously their alignment, I think, with the Solana Foundation and ecosystem, I mean, they’re fighting a lot of fights right now.
They’re, they’re fighting the consumer trading space, as well as fighting probably the blockchain adoption space at the same time.
So we’ll see how that plays out as we go forward.
Gee, anything else you want to cover here? I got a bunch more topics we can get into.
Obviously, enjoyed spending time with you in New York City.
I think we’ve found that a lot of people watch the show. A lot of people watch the show.
No, I will say like I, um, being in New York, like we were, we were hanging out a little bit.
We hung out a little bit at the OpenSea event. Um, shout out to everybody watching the show because we got a lot of good feedback.
Um, I feel like sometimes it’s, it’s tough because you feel like you’re talking into the void sometimes.
So, um, always great to get positive feedback on things. Um, Alpha is an IRL, you know, I think there’s, there’s, that’s always been the case, uh, was good to see, um, you know, the NFT space, like alive and kicking.
Um, you know, I don’t think the turnout was obviously that big.
Like I wasn’t even in New York for NFT NYC.
So, um, I ended up like going to a couple events just because of, uh, cause I was there and people were around, but the, uh, yeah, like the vibes are there.
Right. So I think like the OpenSea Pudgy event, uh, was focused a lot on IRL collectibles, which as you know, I’ve been pounding the table are physical NFTs.
So I think, you know, as people, when people ask are NFTs dead, it’s like, they’re not, they’re like, you’re trading NFTs.
Like your Pokemon cards is an NFT, like newsflash.
So I think being able to see that IRL, people are still kicking.
Um, actually it was great to see OpenSea there, um, with a loud, with a loud and big presence.
Like I feel like everybody in the OpenSea team was there, like Devin included.
So it was really cool to, uh, see people walking around, showcasing, um, the cool stuff that they’re working on, um, being interactive with the community.
Gary Vee showed up, I think for like an hour, was signing and, and, uh, signing autographs and talking to people.
So it was cool. Right. It was small. I tried. I reached out to get the video of you, uh, getting, doing the, the photo with him and, and dapping him up.
Um, I’m sure I couldn’t get it in time.
Yeah. I’m sure I’ll, um, like somebody took it.
So I’m sure, I’m sure it’ll show up there at some point.
So, but yeah, uh, yeah, overall shout out though, to like, I really want to like hammer this home.
OpenSea team was so sick because they, like, they were just walking around.
You could talk to everybody. Um, and like on a, like non-business level, they’re just fun people to like hang and, you know, talk to for like two hours.
Uh, and they obviously love that they’re, you know, in the token and NFT space, but that there’s excitement back at the company, um, after a pretty brutal bear.
Um, and I also think the collectability world with them seeing trading cards and like digital to physical stuff taking off is super exciting.
It kind of gives like this fresh breath of air.
Um, I know I went around and was like tapping my phone and like you got like points and then you could claim for like digital collectibles during, uh, the event.
Um, I ended up winning from one of those collectibles was a Ford Ape Yacht Club t-shirt, which I got.
Uh, so shout out to Ford Ape Yacht Club for the tea.
I even got, uh, a shirt from you, um, from OpenSea.
I got an OpenSea 90C.
It was vintage. Like, I think these are kind of rare.
Yeah, dude, that was one of the last t-shirts that we did.
I think that was like one of the last, uh, they were, that was one of the last projects we did.
I think I should hang this on the wall, not wear it.
I feel like this is a... Yeah, you should wear it. I think it’s fine.
Yeah.
But yeah, hang it on the wall. Yeah, put, put it, uh, put it behind you on the wall.
But, uh, but yeah, no, it was very cool.
I was, I was very surprised. We need to hit up OpenSea for swag. We need to, like, I want to deck out, like, our studio, we should have, like, a studio at each of our houses.
A swag studio. Yeah, the, the Pudgy team, we were talking to the Pudgy team too, and they were like, oh, we got to get you some stuff, so.
I want the big penguin in, in my house.
I want people to come over and be like, why do you have a 200 pound stuffed penguin?
Yeah, I don’t know if I want it in my house, but you, you, you can have it.
You, you, you can put it in your background.
I, I, gee, I think the ladies would love it.
Uh. I’m sure they would.
Um, what else we got going on here?
I know we have Apple iPhone event tomorrow.
Um. Are you buying it? So, let’s say it’s a foldable phone. Are you buying it? No. Nope. I’m buying, I’m buying it first. I will, I think, I think Apple, it’s interesting.
I think Apple is kind of just going, throwing, like, Hail Marys all around.
I’m sure they are losing some consumer.
You don’t think so? I think the foldable phone is kind of a fumble, bro.
Oh, man. I can’t wait for the foldable phone.
Like, it just really annoys me because, like, I, like, obviously, like everybody, you do more and more stuff on your phone. And there are some things that I use my laptop for only because that has a bigger screen.
And so, if I had the ability to just open up my phone and, like, have, like, a bigger canvas to, whatever, check my email, I just, I would do it.
Like, I, like, I’m buying, I’m buying that phone the first day it comes out.
Here’s, here’s my takeaway on the Apple event, what I’m most excited for.
There’s one specific tech stack in the entire event that I care about.
Well, actually, two. I take that back. There’s two. And I’m curious, do you have any idea what the most important tech spec of the event will be for iPhones this year?
Memory. And that’s the RAM? I, yeah. I think, I think it will be, what is the RAM?
Because I think they’re only doing pro models tomorrow.
I think it’s only going to be 18 Pro and then the 18 Fuller Wolf phone.
And then they’re pushing just a normal 18 launch back to the spring.
Um, but I believe the debate is if it’s going to be eight gigabytes of RAM or nine gigabytes of RAM, um, or potentially 12.
I think those are the three numbers floating around.
And then a minimal, uh, memory storage bump up to either 256 or 512.
Um, and 12, I don’t quote me out there, but essentially the whole, the whole conversation here is around memory and what are they going to do for the pro line?
And then where does this put the expectations for the normal phone, uh, going forward?
So I don’t know.
I think, I think if you see the RAM higher and the minimum memory storage higher, it is a bullish thing for the memory environment.
Just meaning that Apple recognizes, uh, that you have to have, have these higher memory, uh, usages for their pro lineup.
Um, and then likely forcing all their consumers in the spring to have to buy the pro models that they’ve been producing for the last six months, um, by not putting the RAM as high, but if it’s a higher ceiling, they’ll be able to go to like eight and then just be like, oh, you can’t use the pro features.
You have to use the pro model. Um, that is my takeaway higher, the RAM, the more memory I’m buying tomorrow in the equities market. I like that. I wasn’t even thinking about that.
So I think that to your point, that’s probably the trade.
So I think that that’s probably what people will be looking at.
And I, I owe this to you a lot since starting the show, I’ve been thinking about second, third, and like fourth order, um, effects of Apple drops an iPhone.
Most people, the direct thinking is I’m going to go like, based on their event and the reception of the event, I will go buy or short Apple stock.
However, we both know that an iPhone is made up of metals.
It’s made up like they can come out tomorrow and be like, oh, we’re using a new like processor.
It’s really, it’s really interesting.
Cause like, I remember, so I, when I, when I was trading, like these iPhone events would always be like events that like in the middle of the day, it’s like, all right, I need to be there. The thing about them is that even though they are live streamed, there’s a delay on it, right?
So there’s usually – Well, they’re not even live streamed. They’re shot weeks before now.
Oh, are they? You’re watching a pre-recorded video.
None of this is live. They stopped doing that during the – Okay. So they used to be live, right?
And so then you would be like – I’d be watching – I’d be reading like live blogs as bloggers are literally updating stuff.
But then to what you were just saying is there would be like, oh, this is the type of glass.
Like we’re using Gorilla Glass, blah, blah, blah. Gorilla Glass is made by Corning, right?
So there would always be like a trade if like they were – if there was more Gorilla Glass usage or blah, blah, blah or whatever to buy or sell.
It’s like, oh, the megapixels are this. It’s like, oh, this is the component maker for that specific megapixel, right?
And it’s like all these types of trades. So to your point, there’s definitely like a memory trade there.
There’s most likely a memory trade there.
I think it’ll be interesting, right?
Because like they were basically trying to lobby to get – what is it?
CXMT, CMXT, the new Chinese memory company to sell them memory.
We’ll see. Like we’ll see, right? But like to your point is it’d be very interesting to see what the composition of stuff is.
I assume it’s going to be at the higher end because these are the pro models.
Yep. So, you know, like I think like I’m probably going to be paying $3,000 for the mid-tier phone.
Like I got sticker shot when I went to – I bought a new MacBook last week.
And I like literally – I felt like I got punched in the face with how much it costs.
I mean it’s probably – Yeah, it was like $6,000. It was $6,000. I was about to say, it’s definitely on the north side of $5,000.
When I used – when I think when I bought my 21 MacBook, I was like – it was like $4,500.
And people are like, whoa, like what the hell?
Like that’s crazy. I think I spent like $3,000 on my last one.
And I was like, that’s a lot.
But like – Yeah, and I maxed – well, it was also like NFT bull season.
And I was like, all right. Yeah, yeah. I got to buy these JPEGs. You know, I need the best compute to buy these JPEGs.
I will – look, I haven’t upgraded my iPhone in a long time because I don’t think there’s been a reason.
I’m at the point though where like, bro, I got to upgrade.
I’m getting weird looks now.
It’s bad. You got to go to the folding phone.
I’m telling you, I’m a day one buyer.
Like I can’t wait. Unless it’s like – unless it’s like really thick and like – yeah.
Like I’m most likely – I’m like 97% a day one buyer.
My prediction is there’s memes around the folding phone.
It’s like, you know, you might have – like it’ll be memes like ladies.
You might have a blue text bubble.
But if it’s a folding phone, like don’t talk to them.
Like I can see that coming.
I – Maybe. Maybe. But like again, like it’s like – it’s not for everyone.
But like there’s – Samsung’s been making foldable phones for like a decade at this point.
So like there is a market for it.
There is a market for it. And obviously Apple likes to wait back, see things play out, and then make their move once they know how to perfect it.
And I absolutely dominated at it.
So excited to see how they change the consumer space and the folding phone vertical going that direction.
I have one last topic I definitely want to talk about.
Very short one here.
I will pull this up on screen.
I mean, I’m not sure if you were following this, but the original Lockies drop was just looking at this the other day or this morning even.
If you aren’t familiar, this project did a mint by raffle.
So you deposited money, and that’s allowed you to win the different number of mints that you’re allowed to get.
They had $65 million in deposits.
It’s $65 million with the capital tied up for the mints.
The mints still obviously were only like 0.025, I think, for each mint.
Floor price is 0.129 with a max bid.
And a max – I think the bigger number here is a max depth of about – I think it’s like 5 ETH worth of bids into this.
So, you know, just over $10K worth of demand.
But we went from $65 million deposited to just $10K of demand for these NFTs.
Made me think of the good old days when we used to see this demand, and then I would see it fall off.
I’m excited for what Blockies do.
Hope it, you know, whiplashes and goes higher.
I think it’s just PFPs.
I’m not sure the full extent.
But it was interesting to see the marketing around how much hype and all the attention that these got.
And then – Well, I saw – it’s funny because I saw, like, people – when it happened, people like, like, 2026 and, you know, there was just a $65 million mint on NFTs.
I’m like, I don’t think it was a $65 million mint.
Again, like, I don’t know anything about this project.
Right. But I was like, I’m pretty sure it was – exactly what you said, right?
Some sort of, like, you get pro rata of, like, what the total pot is, what you put in.
And then I think there was, like – they held on to the capital for, like, a little too long.
So then it became of, like, wait, are they going to rug?
Because it was, like, in their own contract and it wasn’t in, like, I don’t know, like, a MetaDAO or something where there’s, like, a trusted – a trusted – what’s it called?
Like, custodian almost, right?
And so, yeah. I mean, again, like, it’s – to your point, it’s like it’s – you would think that if there was $65 million worth of demand, like, the floor price would be, like, I don’t know, one or two ETH.
So. Well. Again. Another thing to keep an eye on, obviously, my attention is on Zcash, Pump, Ansem.
Each of those also setting up very interestingly on the charts.
And as always, you know, my kind of old man uncle commentary here is unrealized P&L is not real P&L.
We did a deep dive into the top leaderboards, not only on Pump, but also on FOMO.
Of the – I think it was, like, something like $30-something million worth of, like, the top people.
It’s, like, $35 million.
Of that $35 million, the actual realized was basically, like, a couple hundred thousand dollars, maybe a million dollars actual P&L.
Just kind of hammering home the fact that not everything is real.
And a lot of people I know from previous cycles who’ve been sitting on $5 million, $10 million positions, only being able to get out maybe 25% to 40% of that position at the end of the day.
And obviously also holding onto it way too long.
Kind of my call to action. Anybody reading this show or listening to the show and reading the timeline about all the hype in a token, the second you want to take a screenshot, the second you want to do something around a, you know, basically like a bag dance and be like, you know, do your I told you so campaign, it’s time to sell or at least take some profit.
But I know I sent some screenshots about Quotrons.
Probably should have taken some profit when I was up, like, an irresponsible amount of money.
So I’m going to keep saying this for the next 20 shows.
No, I think it’s smart. I know I’ve seen it on the timeline.
I think Say was pushing back on some of that data that was posted.
But whatever, that’s all above my pay grade.
I’m just watching. And, you know, I think even from the trading days, right, like UP&L is not the same as Realize P&L.
So, you know, when you put it, when you lock it in and you can spend it at a bank, right, and put it in your bank account and spend the money and pay bills and do all that, that’s when it’s real.
Until then, it’s just magic internet money.
It is. It is. G, anything else you want to go over? Wrapping up the show today here?
No.
You know, I’m looking forward to the Apple event.
Hopefully, those things go on sale tomorrow so I can just run to the store right after the event.
But I know it will probably be, like, a week and a half or something if they’re out that early.
And, yeah, I think, like, I’m excited to see, you know, how Claude kind of punches back to the OpenAI model drop.
I’m sure they’re going to come up with their own thing.
They’ve also got the IPO coming up. So, you know, I think this is, like, this is a bazooka fight between these frontier models because they also know that they need to go public and they need to juice up their valuations and all the stuff like that, right?
So, I think we’ve got an interesting end of the year setup.
Oh, yeah. I mean, that was going to be my next comment. I think the two areas we’ve got to watch are airdrop season is 100% coming and we are going to see AI, like, Mafia Wars there as well as everybody kind of gears up for IPO.
Just expect everything to get juiced because, you know, there will be a thumb on the scale in some way in that trade.
For sure. So, looking forward to it. I’m sure there’s going to be a ton of new stuff the next time we see each other in two days.
Exactly. We’ll look forward to it.
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We’ll catch you on the next one. Cheers, guys.