Trading the Markets: June 18, 2025 | Kris Bullock ft Bijan Maleki
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Happy Wednesday, everyone. Happy hump day. Welcome back to another episode of Trading the Markets. I'm Bijan Maleki, and of course, I'm joined by Chris Bullock, a.k.a. Blasto Plass.

Right now, guys, you can lock in 12 months of Real Vision for the price of nine. That's three months free when you upgrade to an annual membership. And you better do it quick because this offer expires on Friday, June 20th. So make sure you go there and get those three months free while they still are available. And

with that, you'll also be able to enter the trade idea competition. That competition is in full swing. Ideas have been rolling in some smart, uh, some very DGN. Uh, if you look at the trades, uh, been, I just been laughing at some of the, how DGN, some of these trades have been, but some have also been very smart as well. Uh,

Just fantastic stuff. If you've got something with real upside, now's the time to put it on there. Up for grabs is a private chat with Raul. Get a lot of alpha there in that one-on-one conversation. RV swag and more as well is available. So make sure you enter a trade and make sure that when you do enter the trade, you sign

do submit it to the trade idea competition uh so be sure to do that and also chris released his latest entry-level crypto portfolio on friday the 13th uh it was the 28th edition chris so that's

Awesome. I can't believe it's been so long that we've been having these. I look forward to them every time. They're just great. Trading action has been choppy of late, but Chris has assured us that if everything plays out according to the data, we could be in store for some all-time highs by mid-July. You'll need to be an RV Connect member or above to get full access. So if you're not...

Now might be a great time to take advantage of that great offer we have going on. Again, that ends June 20th. Quick reminder as well, we discuss this stuff all day, every day in our Discord. So whether you want to stress test your ideas, want to get insights on new trades, you need to join us in the RV Connect.

You'll also have access to Chris's and Joe Bland's portfolio as well. And as always, guys, if you have any questions, charts, coins, anything you want us to discuss here live on air, just drop your questions in the chat on X or on platform, and we will get to as many as we can. Without further ado, Chris, let's get into it. What's on your mind? Yeah, so...

It's funny. The most exciting thing going on in crypto right now isn't actually even a crypto. In fact, it's the Circle stock. It's just it's ripping right now. It's doing better than than anything else on my watch list at the moment. It's coming off the back of the approval, not approval, but passage of the Genius Act in the Senate yesterday. It was voted on. It passed overwhelmingly, I might add.

And, you know, as a result, Circle is ripping today. I mean, it's up 20 percent, which for a stock, I mean, come on, you know, and it's done that like several times over the last, you know, little week plus that it's been out. So Circle is the story and I think it will continue to be. However, you know, it did pass through the Senate.

Now it goes through the house. So it's not like a done deal. We're not there yet. We're not over the finish line. It has to go through the house. And there's a chance that in that process, it could get, let's just say, massaged a bit. You know, they have their own idea. They have their own separate act that they've written. And basically, they want to take their form of it and essentially merge it with what's going on with the Genius Act and hopefully ultimately approve it. A little bit...

a little bit dicier there because they are, they have less of a majority, but, uh, I still have high hopes for it. I think it will do well. So there's a chance there's an outside chance where if it doesn't pass or if it gets too chopped up and, and it, you know, loses its, its sort of core meat, then that may impact the stock. But, uh,

my gut says it's going to pass. You know, my gut says that like it's got a lot of momentum right now. And I think that that's going to contribute to the stock price going higher. So I'm kicking myself for not buying some circle last week when I thought about it because it's probably up damn near, you know, two X from, from whatever shame on me. But yeah, no, it's, it's still, like I said, it's, it's doing the best of anything crypto related right now. And so, yeah,

I think that's really interesting. And honestly, that's great. Outside of that, it's much more boring. We're really just in a sideways phase where we're very much the markets, I feel like, are just sort of generally on pause right now. You know, all of it has to do with basically what's going on in the Middle East that came in and sort of just stopped everything in its tracks market wise. Initially, there was a little bit of reactionary price action that we saw. Hi, Raoul here.

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But everything is basically stabilized. Like if we look at Bitcoin right here, for example, it's just kind of going sideways. It hasn't

It hasn't really done much. Uh, we did kind of, we were coming out of a low, like a cycle low back, uh, at the beginning of June on the 5th, we had, we had bottomed out and it looked like we were going to go on to set, you know, new highs and then everything kind of retraced basically off the back of, of the uncertainty that's happening right now. But the good thing is, is we haven't gone on to set new lows. We haven't really broken the structure. We're still effectively in an uptrend and we're just kind of meandering sideways right now, waiting for some kind of resolution from that. Uh,

In addition to that, we've got a Fed meeting today, and I don't think anybody's expecting a rate cut, but what really everybody's going to be paying attention to is the Powell Press Conference and the...

The anticipation is that he will come out with a bit of a dovish tone right now, which I think could serve to potentially juice the markets a little bit, maybe break out of this structure that we're in. So we're waiting for that. But right now, again, everything is basically just on pause. And in the meantime, we're seeing Bitcoin dominance continue to creep up. We had peaked back here on May 5th and it dropped. And initially there was...

the idea going around that potentially Bitcoin dominance had peaked, but we didn't really end up breaking that weekly trend. And instead we've basically written it right back up and we're on the verge of setting new sort of four-year cycle highs right now. We're very close to getting back to a new high. Meanwhile, others.d or alt dominance is in the process of setting new four-year cycle lows. So yeah,

Not looking good. And if you kind of drill into that a little bit further, you can see that basically, like last week, I think 27 alts were outpacing Bitcoin on a 90-day moving basis. Now 21 are. So that number has gone down. And of those six or so that have dropped out of that, two of them, SWE and Solana, are

which isn't great to see. They were above Bitcoin for a minute. Now they've dropped back down below it. But outside of that, we've got basically the usual cast of characters that are continuing to outpace everything, primarily those being Syrup, SPX, Fartcoin, Hype, Virtual. And another one that's really come on strong lately is Arrow, Aerodrome, off the back of the announcement that they were being bought by Coinbase and basically integrated into Coinbase.

and will be like a DEX trading environment that will be available through the Coinbase ecosystem. So that's noteworthy, and that's given...

That's given that one a little bit of a pump, Aerodrome a little bit of a pump. But outside of that, we can see there's six or so that are wildly outperforming everything, and then the rest are just kind of plodding along, and not very many of them are outpacing Bitcoin. It's interesting to see ETH still in that mix. ETH is managing to kind of hold its own and carry itself a little bit, but...

Yeah, outside of that, there's some big DeFi names like Aave I want to call out, Curve I want to call out. I think DeFi is starting to look really strong. Again, off the back of those announcements from the SEC, I think a couple of weeks ago now, talking about just looser regulations towards DeFi. And I do think that DeFi will be one of the better performing sectors ever.

over the next six to 12 months. I think that they stand to do really well. And then, yeah, DeFi and this stuff, memes, you know, basically, and hype, hype too. Hype, you know, continues to be really strong, has really strong fundamentals, does really well during times of market uncertainty because they tend to make a lot of money when there's a lot of liquidations on their platform. And so that, you know, they do well whether things are going good or bad, which is,

the case for most exchange-based tokens in general. That's why we tend to see a lot of exchange tokens in this upper section here. So...

Yeah, hype's right in there. But again, basically, it's Bitcoin and Circle and about six or eight alts, and that's kind of it. Not much else going on besides that while we wait for the uncertainty to resolve itself. So we're in a bit of a boring stage right now.

Yeah, you know, this kind of speaks to what you've been saying for a while now, that this cycle is not going to look the same as previous cycle in terms of alts. And we're really seeing that play out as, you know, the kind of that number of alts that have been outperforming Bitcoin has shrunk from this week to as compared to last week. Really seeing that take shape. So, yeah.

Yeah, absolutely. Going to be interesting. Make sure you pick the right ones. And I think hype has been one that, you know, we've been talking about for a bit. You know, you've probably been seeing it on the timeline for a bit. And I really just want to

I just want to kind of, you know, underline that point that Chris made that hype does well when the market's doing well, it does well. It seems to do well when the market's not doing so well, because again, they're always going to be generating fees as long, so long as people are using those, their platform and those fees that they generate are being put right back into their token. So I think that speaks a lot to why you've been seeing it perform and hold up

pretty well with this kind of you know chaos that we've been having uh really surprising to see for an alt in general um nice to see from bitcoin but i was very surprised to see the likes of hype and even like spx being just holding up so well uh during this like really chaotic time that we have

Yeah, exactly. Neither one of them really even lost their downtrend structure. They kind of both just mean reverted down to their 20 day moving average and both have bounced since then and seem to just be plugging right along, you know, so showing a lot of relative strength compared to the rest of the market for sure.

Yeah, absolutely. So before we kind of get into some of your questions and maybe some charts that Chris wants us to take a look at, I do want to highlight a trade here from James Rhodes, who's currently number one on the leaderboard in our trade ideas competition. He was telling us to buy tech.

Tesla, he's up just over 20 or just under 21 percent. He's up on that trade. He's number one. Like I said, his reasoning is why on this trade. Tesla has gone down due to the Trump beef. It will resolve and Tesla will rip after people realize Robo taxi and humanoid is life.

changing so wanted to shout out james there for being number one but uh he has about what uh about 12 days left you know somebody can still you know overtake that but right now it's looking like james is in line to have that uh that private conversation with ral uh so great job there james um

on that. So guys go ahead and enter those trades. Chris, what, uh, what, what, what chart do you, uh, do you have us to look at today? Anything that, you know, you really want to draw attention to, um,

I do want to note that I think what you are about to bring up, we were scolded earlier on air from RV member King Cobes. It is the Atreides chart for RV. So Chris, why don't you show us that and then tell us what it does and why you like it so much?

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Yeah, so for sure. So a community member here in Real Vision, which if you're not a member, you need to be so that you can get into the Discord and share in these amazing resources and that, you know, all of our fellow members create and share with us. So this indicator set was made by a fellow community member. He goes by Math, and he made this really great

set called Atreides. We've all, we, we learned earlier that we'd pronouncing it totally wrong, butchering the pronunciation. But anyway, yeah, it's, it, it's just a really, really excellent sort of easy, passive way to just invest in Bitcoin, you know, and I, it's, you know, it's been back tested for years and you can even just go back anecdotally and just kind of look at it on your own and see that basically anytime it's green, if you're holding, you know, you buy a

Bitcoin, when it turns green, you sell when it turns red. And if you go back and look throughout, you can see that nine times out of 10, you're going to have a winning move by doing that. And so he's put a lot of time into this. He's tweaked it. He's refined it so that it's basically very well dialed in right now. And this is literally all he does. I mean, he just holds Bitcoin. And like I just said, he buys when it turns green, he sells when it turns red.

And he's probably doing better than most of us right now who are degenning into all these alts and trying to outpace Bitcoin and all of this stuff. And, you know, he's meanwhile, he's laughing all the way to the bank. And it seems like a little too easy, but, you know, it's it's not. It can be that easy. And so, yeah, shout out to shout out to math for creating this.

Right now, it is red, which I think is noteworthy. And, you know, we'll see, because this is a little bit contrary to my current thesis that I think we are going to be moving on to all-time highs probably sooner rather than later. So I'll be interested to see how this resolves itself. But in the meantime, yeah, you know, it's red. He's out. He recently added a yellow sort of transitionary indicator.

to it so that, you know, once he sees things starting to roll over either, you know, to the upside or to the downside, it does give a red signal that sort of signals, like I just said, a transitionary phase, a neutral phase. Sometimes it resolves to the opposite color. Sometimes it stays, you know, it goes back to what it was. Um,

But, you know, that's been a welcome addition too, just so that that way you can maybe start to be prepared for a potential change in color. So that was a welcome addition. He's also got a bit of like an oscillator component to it down here at the bottom that does give a little bit more nuance to it. Like you could see, you know, say as we were in this peaking phase here, we did see this oscillator start to roll over here. We did see it start to flip red prior to even the yellow signal flipping yellow here. So, yeah.

this is just another sort of, again, it gives a little bit more granular insight into how we see the, the, the momentum shifting within these larger trends. And so, you know, between the two of these, uh, I don't think it's like, you almost don't need anything else. You know, if, if you're one of those investors who, um,

is just holding Bitcoin. And again, more power to you if you're doing that. There's certainly nothing wrong with that. And if you are, I think that this is a great strategy to, if you want to be active in your Bitcoin holding and, you know, selling, you know, trend following basically, as opposed to literally just buying and, you know, hodling for years on end, which also is fine too. But if you want to be a little bit active, you can do this strategy. And I think it'll give you a little bit more gains than maybe just holding Bitcoin on its own. And, yeah,

Yeah, I mean, get in, get on Real Vision, get in the Discord and start benefiting from these amazing community resources that we have because they're awesome.

Yeah. When a guy who, uh, who goes by the name of math puts in a chart and posts it, I feel like you should listen to it. Um, yes. Right. So yeah, great job math. Uh, absolutely nothing wrong with holding Bitcoin. Sometimes I, I feel like that's just literally the smartest thing to do is just hold it, shut, shut up, walk away and just know that you're going to hold the best asset of our lifetime and get just awesome gains at the end of the day. Right. So, um,

Not nothing wrong with that. In fact, it is probably encouraged more so than not. So just want to say that. Chris, what do you think about taking a question? We just got one as well. Let's dive into. No, go for it. All right.

So this one comes from Greg Brooks on the RV site. Been holding Link for a few years now. Is it time to swap? Greg, quick answer I will say is yes. But Chris, why don't we dive into the chart and maybe give a little more reasoning for Greg on why that would be.

Yes. Hold on. Let me pivot here real quick, get my timeframes dialed in and switch over to what I'm going to talk about with this is the link Bitcoin performance. And because I think that that's really the most telling. So, I mean, really with these older legacy alts, kind of to back up real quick.

The way alts work in general, you often see play out, is new alts will come on and they'll have an initial sort of speculative hype phase where they're the new shiny object on the block. Everybody's like, ooh, this is going to change the world. This is going to be the best thing. It's got the best tech. And in the case of LINK, LINK is absolutely brilliant technology. It's very important. It's not going anywhere. It's one of the most successful crypto projects that we've had, honestly. And especially with stablecoins being mainstreamed

more of a thing, you know, in the near future, link is only going to become that much more important. But as we often discover in crypto, you

The fundamentals don't always line up with investor sentiment in crypto. Investor sentiment in crypto is very unique compared to a lot of other asset classes. And so a project can have amazing fundamentals, but that doesn't necessarily mean it's a good investment. And I think Link is a very good example of that. You can see it had its initial hype phase when it came out in 2018 here. It outpaced Bitcoin for really most of that initial cycle.

And then it actually peaked around August of 2020, which if you remember correctly, Bitcoin actually didn't peak until November of 2021 in that previous cycle. And so ever since August of 2020, LINK has effectively been in a years-long cycle.

secular downtrend against Bitcoin. It has lost value. It's given up most of the gains that it had from that initial hype cycle. And again, that doesn't mean that Link is a bad project. It just means that, you know, it's more like the market is

coming around to establishing LINK's actual real-world value, its actual token price value based on its actual fundamentals. And so you kind of have to ignore this initial hype cycle. And this is sort of what LINK is really actually worth now. And so...

You know, as you can see, it's basically just lost money against Bitcoin ever since then. In fact, just this week, it's gone on to set new lows. So this trend isn't really anywhere close to reversing. Yeah, it has occasional periods where it'll sort of mean revert and it'll bounce and it'll try to set, you know, it'll try to reverse, but it just goes on to break that and set new lows and new lows and, you know, basically lower highs and lower lows on and on. And so...

I don't really foresee this changing anytime soon. There is, sure, there's a scenario that could play out where LINK could reverse and it might outpace Bitcoin for a few months even, maybe even six months even. But the larger, longer term downtrend, I don't really see breaking anytime soon. And so the long answer, you know, compared to Bijan's short answer, both of us are basically, yes, get out of LINK. Now is the time to get out of LINK.

Because, yeah, it's just with crypto, you have to sometimes ignore the fundamentals and really just look at what has the most buzz. I mean, crypto is very price driven. Price is king. Momentum is king. You know, buzz is king. And whatever has the buzz is whatever is going to be running. And more often than not, it's the latest, greatest new kid on the block that, you know,

that hasn't gone through that initial speculative hype cycle yet. And so now you could argue that LINK sort of has baggage and that's why it's not going up. Whereas a lot of these other new tokens like hype, for example, hype token, for example, or some of the meme tokens, for example, that's why they're running right now because everybody's diving into them. And that's why the money is going up because it's all speculation. And so,

that's why I say Link is maybe not the best investment right now. You're obviously, you can see here, you're far better off just holding Bitcoin than you are holding Link in this moment. And so, yeah, I would say get out of Link. Yeah. You know, you showed us that chart earlier about all the altcoins that are outperforming Bitcoin. Link wasn't on there. And I don't think they've been on that chart for quite some time either. So another, you know, reason just like

uh, Greg, I would say, why are you holding, like, why you, you should always ask yourself why you're holding what you're holding and what your goal, uh, of, you know, your portfolio is, is it to make money? Is it to be, you know, a passenger in this, you know, revolutionary technology that we're experiencing? Is it a little bit of both? I would argue it's probably to make money, right? I mean, I would, I would think that's why we're here. We,

Raoul always says we only have five years left to make as much money as possible. So don't fuck this up. So for that reason, I would probably say take a look at that chart that we shared earlier. There's 21 altcoins outperforming Bitcoin right now. But there has been, like Chris said, about six or seven that have been the usual suspects that have been doing particularly well. So if you're looking for something to swap it into, that would probably be a good bet hype.

fantastic that maybe you don't want you know to get into spx because it's a meme coin but you know i think chris would argue otherwise on that so chris why don't we uh why don't we actually look at spx chart because recently you have been you haven't been calling it a meme coin right you've been calling it kind of a movement coin uh you know right so uh why don't you talk us through that chart what you're seeing there and why uh why you're bullish on spx yeah yeah so um

Like you said, it's sort of, to me, has moved on from being just a typical meme. Like a lot of people kind of lump all the meme coins together. There's some kind of central theme, whether it's a dog or a cat or a Yeti or whatever. And it's fun and it's all about community. They're basically tokenized communities. That's effectively how we view memes. And there's nothing wrong with that. To me, I think that's a perfectly legitimate way

sector, you know, within the crypto ecosystem. And memes have proven over time to do very well. Many memes have well outpaced

technical or tech alts or alts that are actually based around real projects, you could argue just as many memes have done as good as tech projects have done good. And there's plenty of tech projects that have done terribly, that have great tech behind them. And so I think memes should be viewed with a little bit more legitimacy than they are. However, within that, of course, there's going to be memes that do poorly. And

Really, the key you want to look for is memes that show a long history of like diamond handed holders that show that they can weather these massive corrections and the buyers keep coming back. And, you know, they believe in whatever this is going on. Now, what makes SPX unique is it's sort of it has this.

a bit of an outlandish goal, I might say. I mean, initially you look at it and you kind of dismiss it. Its goal is to sort of flip the S&P 500, which obviously is, what is that, $9 trillion or something like that, which at first thought, that sounds insane. And I don't think anybody thinks that that's going to happen, though you could argue that some of the more sort of fervent holders ultimately believe that. But the idea behind it is when you put such an outlandish goal in front of something, it's

It makes people want to keep going, keep chipping away at that. And even if it doesn't get anywhere close to $9 trillion, which again, that's insane. Not even Bitcoin is remotely close to that. The entire crypto space isn't anywhere close to that. But say it gets to $50 billion or $100 billion, that's still...

life-changing gains, you know, for anybody that's even if you buy it right now today, that's a massive, that's 100x almost from where we are now, you know. And so to give it such a

Murad puts it a binary goal. It's either we're there or we're not. And if we're not, we're not stopping till we get there, you know? And so it's kind of taken on a life of its own. It's taken on a bit of a mission. It's taken on a bit of a movement, you know? And if you kind of dig into the, to the, the socials behind it, you can see it's almost a bit of like a, a, a,

a religion, you know, a spirituality component to it. It's really just, it's become, it's, it's become its own thing. It's unique to other memes and it's only growing by the day. It's right now in my watch list. It's one of the few things that are in the green right now. And it's, it's basically one of the few things that are setting the

all-time highs against Bitcoin right now. It's one of the few things that are in solid uptrends. Like if we look at this chart right now, compared to say the link chart, we were just looking at a second ago, which was literally down only. This is it's all-time high against Bitcoin. And just, you know, seven days ago, it was bumping up against these levels, setting all-time highs. And compared to just about, you know, any other asset outside of the four or five, you know, that I kind of mentioned at the top of the show, you know,

It's still in an uptrend. Its 10-day moving average is well above its 20. It's holding support at its 20-day moving average. It bounced off of it very cleanly. I could pull up 50 other charts right now, and none of them would look anywhere remotely as good as this. We've got volume spikes coming in. We've got the bull market support band rising.

you know, with a bullish crossover with both of these moving average, both these kind of 20 week moving averages pointed to the upside. We've got price above this moving average again, against both Bitcoin and against USD right now. Like if we look at the USD pair, it's, I mean, it's effectively the same, but it looks like,

It's very similar structure. You know, it looks, it looks just like this. The moving averages are arguably even better still in this scenario. And it's, again, it's setting, it's, it's pushing all time highs. There's, there's,

what, two or three cryptos right now, like big, larger cap cryptos, say in the top 100, that are in the process of pushing all-time highs right now. Bitcoin is one of them. SPX is one of them. And Hype is one of them. Although Hype is a little bit new. So newer stuff, of course, is going to be pushing all-time highs. But as far as like stuff that's been around for two,

two plus years or more, hardly anything is pushing all time highs right now. And most of the stuff isn't even close to pushing all time highs yet SPX is. And so it continues to stand out. It continues to show that it's bucking the rest of the market. It's, it's not, you know, it's not correcting with the rest of the market. And even when it does correct, it's basically just mean reverting again, back to its 20 day moving average. Nothing is breaking down structurally. And it just, you know, it, it,

I mean, it speaks for itself. The chart speaks for itself. And so, uh, I think combined with its unique mission combined with its sort of binary, you know, it's either we're at a hundred billion or we're not and keep going. Don't even look at the price. Don't even do TA on it. Just, just keep, keep buying, you know, um, stop trading, start believing basically is, is the, the sort of mantra that they, that they go by. And, um,

You won't find any other meme coin that sort of is like that. I mean, again, it's very unique amongst meme coins. It's very unique amongst all crypto assets. And it's this kind of...

It's this kind of effort. It's this kind of community effort that this is what it takes to push a meme coin up into the tens of billions of dollars in valuation. You know, same thing happened with Doge, Dogecoin last cycle, Shiba last cycle. It was that crazy community that just like was nuts, you know, that everybody was sharing with everybody they knew whether they were in crypto or not. And you're getting people coming in like even on like Moonshot apps, like Moonshot, where people who aren't necessarily in crypto are

It's doing really well on Moonshot. It's in the top, you know, 10 lists of actively traded coins on Moonshot. So it's getting exposure to kind of the no coiners, the people that aren't, you know, crypto native even. And so it's sort of coming to a point where it's reaching that point.

Like I like to call it a critical mass, you know, where I think it's going to get to a tipping point here pretty soon where, you know, once it gets up around $2 billion, $3 billion maybe, I think it's just going to blow up and it's going to be a rapid ascent from there. And because it's going to be all anyone's talking about, both in crypto and outside of crypto.

And it's unique. It's unique to me. And the more you dig into it, the more you learn about it, the more you sort of search for, like search for the hashtag XPX6900 on X, you know, and places like Reddit and Twitter, I'm sorry, Instagram and TikTok. It's being talked about everywhere. I'm seeing tons of posts of people, TikTokers with hashtags

20 plus million followers, you know, sharing bull posts about SPX. Also, I learned the other day, a community member, you've got community members writing books about the sort of philosophy behind SPX and selling them on Amazon. Like what meme coin has community members writing books about it and selling it? Like,

you know, pop cats, not doing that. I mean, whatever whiff isn't doing that, you know, it's, it's, it's unique. It's very unique amongst memes and, uh, it's got momentum, like nothing I've ever seen. So, uh, it's, it's a really wild phenomenon and I'm really enjoying watching it unfold. Honestly. All right. Well, a lot of information, uh, there to dive through and Chris charts been charting it quite a bit. So if you want to check those out, definitely check out our weekly TA shows. Um,

I think we're going to start probably seeing, and this is kind of to your point where once it hits that certain mark, it's just going to blow up, blow the top off. You know, we saw those stories about, you know, a Shiba Inu trader turned $7 into 7 million. You know, once we start getting those, and I have a feeling we're going to see that with SPX at some point this cycle, people are just going to

throw their money into the ring and see if they can chase those gains. And, you know, I think that'll be off to the races then. So I do want to take one more question before we end, just because we discussed this on our show on Monday as well. But before we do, I want to...

Tell everyone to keep grind the coin on your radar. It is launching, I believe, on June 23rd. It's a coin that's going to be launching on Abstract. It's supposed to be the meme of Abstract. So if you're interested in that ecosystem, you like what the Pudgy Penguins are doing, this coin actually comes from the Plague community, the Plague of Frogs.

It's my PFP on Twitter. So obviously I'm a little bit biased here, but I'm not telling you to buy it necessarily. I'm just saying, check it out. Cause I seen a lot of hype on it and just with what's been going on with abstract and just the, you know, the, the community being built on there. Definitely think it's one that we should at least monitor. So keep that on your radar. And if you have some like, if you have a wrecked guy,

Pudgy Penguin, obviously a Plague Frog and a bunch of other NFTs should be getting an allocation for it. Free money, right? So check that out. Okay. Now with that. Sorry, real quick. I just want to say before we get into the question, I just wanted to kind of reiterate one thing with SPX. Maybe.

I want to make sure it's very clear that this isn't me pumping my bags. I'm not a paid shill. You know, SPX is objectively leading the crypto market. It's not just like I'm calling it out because I want it to run. If the chart didn't look as good as it does, I wouldn't be talking about it. I wouldn't care. I'm only talking about it because it actively is objectively blowing everything away. And there's, you know, in its most black and white terms. So, yeah.

you know, it's selling itself. I'm just highlighting what I'm observing. And so I want to make that clear. It is quite literally, SPX is quite literally the coin of the month. I mean, it is just blowing up, right? In a good way. Just absolutely doing just some, I mean, just look at it. Look at the chart that he showed of all the coins outperforming Bitcoin. SPX was at the top of that. Certainly at one point in time.

Well, let's see. What do we got here? Well, Syrup overtook it recently, but yeah, I mean, SPX is number two and it was number one for a long time. And Syrup is kind of an anomaly because it just had a big run. But as far as a larger market cap, bigger asset that's been around a long time, SPX is, well, it's number two at the moment. But again, number one, number two, it's right there. Yeah.

you know, it speaks for itself. Yeah, guys, I have no Chris for a while and I can, I can attest to the fact that he is data driven. If the data was not saying this, he probably wouldn't even have SPX, let alone, you know, telling people to buy it. So, or, you know, I get more and more and adding more. So I would, I would say it's just really data driven. And that's what we try to focus on on this show. You know, I'm the, I'm the one who will tell you to buy coins based off of vibes, not Chris. So let's go with that. Yeah.

And everyone on Twitter is talking about SPX. It's not like you're the only person talking about this, right? I mean, it's not like just it's Murad talking about it either. It's like literally if you just type in SPX on the Twitter search, an X search, you will see exactly what we're talking about. It's fascinating, honestly. And it's not like people posting charts, you know, it's people like this is going to change my life. I, you know, I mean, it's there.

It's crazy. It's almost like a cult, you know, the way that they're viewing it. It's like it's their new religion. I've never seen anything like it. You know, anytime someone mentions religion, I'm remiss if I don't shout out the Church of the Smoking Chickenfish.

Shout out to Lord Fishnew and our friends over, good friends of Real Vision, the Church of the Smoking Chicken Fish. Okay, let's end on this last question because we talked about this one on Monday. Tron has been in the news this week, right? So what are your thoughts on Tron's

Could this be a game changer or a pump and dump flop? Do you think the momentum will continue? Need better internet? Cox Internet has the fast, reliable speeds you're looking for. Perfect for seamless streaming, gaming, and working from home.

And now get Cox 300 Meg Internet for only $40 a month when you add Cox Mobile with a two-year planned price lock guarantee and Wi-Fi equipment included. So get your household up to speed. Switch to Cox Internet today. Requires Cox Mobile gig unlimited mobile data speeds reduced after 20 gigs usage per month. Taxes and fees excluded from price guarantee. Yeah, that was interesting. And we did talk about that on the Monday show. So I'll kind of just repeat a little bit of what I said there. So...

It's an interesting one. I think it take away the IPO for a second. I do think that Tron is a good, uh, well here, let me actually just pull up a chart real quick of Tron. Uh, I had pulled up a Tron Bitcoin chart, um, on the show on Monday. So, and let me kind of zoom out to the weekly here. So Tron, uh,

Tron has been really a good performing asset. Like over time, Tron does well. It's in the top 10 in market cap. It makes a lot of money. It's a very profitable blockchain. It's got a very sort of niche use case in that it's primarily just used for a lot of stablecoin transfers, like in the Asian market. And so it's got a massive user base in Asia. And if you don't know, it's founded by Justin Sun. It's run by Justin Sun, who is...

You know, can be a bit of a controversial figure at times. And I think as a business, Tron, the blockchain is and will continue to be successful. It will continue to grind upwards over time. It's I think it's a relatively safe, if not a little bit boring investment to make in the crypto space.

It'll it slowly outpaces Bitcoin over time. It does well. I on my Monday show, I equated it a bit to like a health care stock. You know, it's never going to it's never going to blow anything away. It's never going to be the you know, it's not going to be like Tesla or Amazon where it just goes through the roof. But it's always just going to kind of slowly grind up. Not, you know, not a lot of volatility, just a general slow grind to the upside, which I mean, is great if that's what you're looking for. And that's fine. And that's that's perfectly well.

So what has happened with Tron is a fund that sort of is run in part, I think, by the two Trump sons basically bought like 200 and some million dollars worth of Tron token. And they're kind of making a treasury sort of like akin to how MicroStrategy does with Bitcoin, only they're doing it with Tron.

And so they're buying a big chunk of Tron and they're creating a public company around it, you know, called Tron Incorporated. And Justin Sun will be an advisor to them. So keep in mind, this isn't the same thing as the Tron blockchain. It's more like microstrategy in that it's going to be a bit of a proxy or a beta play to the Tron token. Yeah.

You could argue that it could do a little bit better than the actual Tron token itself because they're going to... It's going to be a... Not a yield-bearing stock, but a...

What's the word? It's right on the tip of my tongue and I'm losing it. Dividend? Dividend. I kept wanting to say derivative. But yeah, it's going to be a dividend-paying stock based on this fund of Tron tokens. And so one could argue that with the dividends, it could have some appeal to TradFi investors, to Wall Street, and it could actually do very well because Tron as a business, again, is very profitable and does well. And so, you know...

as far as Wall Street is concerned, they thrive on the fundamentals. If you've got a profitable business that's just continue to raking, you know, rake in millions of dollars every day and pays dividends on that stock, that's brilliant. You know, people are going to buy that all day long. And so you could almost argue that the Tron incorporated stock could likely be a better investment than the Tron token itself.

So I think it will do okay over time. Sure, in the beginning, of course, it's going to be volatile, just like any IPO is. I wouldn't necessarily jump into it right away because you never know what it's going to do. But once the dust settles after a month or three, yeah, I could see longer-term Tron Incorporated being a pretty decent stock. I think the reason why it hasn't really pumped in the interim, based off the announcement, my theory behind that was because

One, most of the actual Tron token owners reside in Asia and they don't really they're maybe not familiar with Trump's and, you know, the Trump sons and what's going on with them. Maybe they don't care or they're indifferent. And then conversely, Western, you know, people, people who live in the in Western countries, they don't necessarily care.

Justin Sun in a positive light necessarily or that, you know, because again, he's had a share of controversy over the years. They're a little bit indifferent to the Tron token. And so they don't see the Trump sons buying Tron being any big deal, you know? And so I think there's kind of these two sort of disparate,

views and audiences, you know, where the active holders of Tron don't care about it and the people who aren't holding Tron will don't care about it either. And so I suspect that has something to do with why the token price hasn't ran. But again, I do think that over time from a stock investment standpoint, there's a potential for it to be a good investment, but that remains to be seen. So.

All said, thank you for the question. All right, everyone, that's going to do it for us on this week's Trading the Markets. We'll be back again next week. Same time, same place. But don't forget, if you want to continue the conversation, you want to see, read some of our reports, because actually Jamie Koutza was talking about

Tron in a report well before this information came out as well. So you can, you would have known, I'm going to say you would have known about it, but you would have been privy to, to what Tron can do well before this news hit. Make sure you upgrade to real vision. You get three months free right now when you upgrade to an annual membership. So you can lock in 12 months for the price of nine right now. And don't forget to enter the trade competition. Even though we only have about 12 days left in the trading competition, we,

Uh, the markets right now have given us, uh, I've let kind of level the playing fields. Uh, things are a lot lower than, than where they were a couple of weeks ago or a week ago, even so you can input that trade and really climb up the leaderboard swing for the fences, uh, get that one-on-one, uh, with Rao, get some RV swag. Um, and, uh, yeah, let's, let's go guys. Don't fuck this up. Uh,

You know, just stay even keeled and, you know, check us out in the Discord. We'll see you guys again next week. Thanks for joining everyone. If you like this episode, I'd love for you to head over to realvision.com forward slash join for a free membership. Start your journey today to unfuck your future. Just one click away.

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