$HYPE: The Biggest Airdrop of All Time? w/ Flood
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Alright guys, so um we have special guests today with us. We have flood thinking U S. D. One of my favorite people on the space and very pretty because, uh, we have just had one of the biggest, I think the biggest air rob in Crystal history, a one point five and going up a right .

now three billion .

hours um is IT like is uh uh let's ah let's take me bring up the the hike chart. Do we have a high chart? Okay um IT seems to have problem me.

Yeah yeah people keep saying what like those honey potter can't.

We so I mean, just to put into respect this, so were, uh, I really good in eight billion the initial flow was you know roughly their up is about thirty percent, thirty one percent or so um there are many people who are saying, you know like you've gotten a six or seven figure airdrop and a lot of lives have have been changed by the air drop.

Um I want to start with this tweet because um I think this mean kind of illustrates or or A V R right now if you can bring this up. Uh, so boss says, why were you late and the government says, what your mouth? You know, we have the part of the cycle where everyone's like quitting their job.

And then we have the part of cycle everyone is like replying to mcDonald. So I think I think we we kind of are squarely in uh in in the former um pretty crazy uh, flat. Is this kind of exceeding your expectations? Or you know did you expect you get a listen, air drop dump? Or what do you think?

Yeah I I was expecting a lot of people who were underwater portrait to you, anna, kind of sell their air drop and in a rebound, the portfolio or maybe, you know they are got such a large airdrop that is a large percentage of their network. And so they know pertly rebaLance, but the hyper liquid cold is is very strong. So I don't know there was a lot, lot selling and and you know everybody is under allocated.

great. I mean, there was a fair launch. If you didn't use the platform, there is no other way to get exposure. And there is a lot of people who are bullish on IT. You know recently for last two, three months, I mean, I was a pretty late convert. So you know I had to buy a lot on open to really get a position that that was material that I know have been correct but yeah was prepared for you know the classic um air drop selling levels out at level and then the interest comes .

up yeah that's always used to. And I think there were a few liquid funds and VC that actually got you a couple hundred million dollars on chain. We saw some money move over from arbitron. And um yeah he looks like they just started the tea ops and and we went to the races. I think I .

saw the arbitrary dge ran out of USD. C is that right?

Uh yeah the the baLance um U S D C hot wallet ran out of arbitration um and then they had to rebaLance. I'm not sure that was the arbitron bridge, but potential yeah I mean U S D C Spike to A A dollar and five cents on china was a massive, massive event.

Yeah like I I I know you still think that it's undervalue and you think the majority of the wealth is going to be created in the next six months is holding yeah but like where are do you think the thinking go? I mean, it's really I mean, you know I I feel like the current validation is like pretty fair, uh, maybe slightly is like undervalued movie, but like everything, this thing .

goes right. So my piece is is is pretty simple. I think you know it's a fact that croppo exchange equity is the most valuable thing in crypto. If you you know look at finance equity or you look at by bit or even OK x even the max history ally back in the day. These are the largest apps by revenue and thus know the acquis the most valuable.

Ignoring the l wan ignore ing the evm which candidate ly no sort of under qualified to to comment on just purely the exchange and the know improvement and product versus other protections. That really does feel like as you're a one when you compare IT to vertex drip except up, like it's clear that anybody who's saying that there is an a large spread there just doesn't actually trade or use products um or as being previously you know um didn't generous, I think um more or being biased. But if if we assume that finance is making ten plus billion a year um and we assumed that bibit is making you know one two billion a year in revenue, right? Obviously, there's a lot of expenses and some stuff that are pass back and lot of web sharing a failure.

You know broker M M D S acta a hypership was really undervalue given the growth that is experiencing. And you know people forget one of the reasons why not really one was because of bnb and the casino chips for people on the platform continuing to go up. So if we look at a purely you know valuation com and removing the l on removing the E V M, removing everything and just looking at IT as an exchange, it's so cleanly under value.

Um and then we can go in you know further about you know token omics and token things that they're going to a potentially implement um but you purely a uh calm to exchanges. It's extremely the value. So three.

I mean, at the end of the day, this is a tour of force because they did not get baLance listings or any other centralized exchange listing. It's something that has been talked about a lot of cycle, you know the ten percent for finance and then IT dum stuff IT seems like they've kind of broken the rule. Um they have enough distribution where people went to them.

And I know that's um that's what the team was trying achieve and they did achieve IT. So um things are definitely looking quite impressive. Um and yeah I mean, let's let's kind of like consider the overall market as well as we're still at the higher bitcoin.

I think eat is doing quite well just in um maybe your sacrifice of selling a look a tiny bit of your ef. Finally bottom of the chart, can we get the F B T C chart? Like it's actually, you know, like the mean words like down, down, down is like one percent up. It's more than one percent up, like you can actually see. And now it's I I really think my .

predictions gonna ld here. I think if P T C in twenty twenty five is gona be extremely bullish, I think.

no, no, no, no, no. Say this. Are you jack? Oh, no. okay.

See something for that. Happy really flooded reviews on this. Actually on to hear reviews.

I mean, less. I I hold you I I think if is is a great asset, you know D I was really interesting you know market for quite a while got me back into cropped up. I mean I A lot of people who know me personally, no, that I was really thinking of good crp to um you know precoe uh and especially after coit I know is a pretty easy thing because I tell by eighty and I .

think one of the complaints we get sometimes in the chat and after the shows that we don't introduce the guest enough, maybe like maybe give a little bit because I know you well I never get like yeah yeah be a little bit .

intro yeah I mean ah my ance flood i've been around crypto o for almost a decade now but only really seriously eight years trading. You know any meaningful now that you know you could sort of live on? 嗯， i got into trading through bit max, but max is really in my big introduction.

I mean, I had traded IT on, okay, corn and stuff, and I knew some the other changes. You know, cyp in what not, but I never really like, you know, I was preti was too late for cox. But uh, trading on bit max was really ee opening and and I had limited financial experience. I puts him poke stuff, you know, but nothing, you know, I sort above average at that.

The trading was really where I found you know I had some aptitude for and I put my whole life into IT I mean the only thing I really cared about our century zed exchanges and crypto exchange trading um and it's what i've spent all of my focus on is what people at my family office and you know other subsequent companies that i've no created or founded are around our center around either execution on antri zed exchanges or data around size exchanges. Um so you know hyper I could do is sort of like the one for me but yeah I mean, since it's just been continued to involvement and obsession around you know crypto and specifically like my niece of like crypto o trading um and it's been great. I mean, it's fulfilling every day the games always changing their new rules being added.

There's new products being added. Air drops are not a thing, you know really years ago, like it's great. Cypher, cypher is so I go it's like a love hate relationship but like you can never really quit like it's just the most engaging space in the world yeah yeah and actually for you .

having had a multiple cycle experience, IT comes into play right now. I feel like this is A A period where if you've never been to other cycles, you you first of all, everyone feels like the genius because literally every fucking coin is up. Even actually the worst assets are up more right, like the I saw like the chart that actually really like worst dogship stuff is up more than everything else.

So everyone feels like a genius, like what this short period time where numbers don't matter, F D D don't matter, you know the teams like everything is a bit insane um at the same time like there will be some rotations as we all know that things will eventually settle down and and there will be like more winners and losers. Um taki, I am curious, like are you doing well because i'm seeing a lot of clowning. 嗯 Crystal tower can we can bring up uh， I would feel like you're getting mugged with.

yeah do i'm i'm getting getting i'm getting omega marked in the mega. I are there zero x you know, he was my ally. You know we were both hosting defied together and then he suffered ets me saying that, you know, like, I saw the bottom of defier something, then i'm like buying me and then guy, the sounder is I get to you, is that no, this guy fucked.

Well, just like the the only thing that stop in doing well this week is is those big mean points um the are everything from like you know the pop cats and and all these kind of like peanut s all this of stuff this like .

this funny meme if you if you would go through the chat comment section um I think someone was like, you know someone wants like a good entry to hypocrites so they want me to propose because I like that make a cop and so i'm i'm looking to the king for everyone, right? For those that want to, for those that want to entry, I am very bullish. Ed type liquid. I have not sold my air job. I'm not going to sold my aerodrome die in hands.

So for teck.

what's what's IT been like this last week.

like all those defi dano tokens that you will have become disinterested in because of you know studying them for two years in the bear, those things are finally waking up, finally going bananas. Hyper liquid has injected you know a little bit of hopie into this market. Um I actually on that topic, we've talked about being analytic in the device space, not seeing much innovation.

I retweet this post by ansom that I really liked. He talked about harper liquid and actually being very disruptive to traditional finance and traditional centralized products and that these are very innovative because your position shifted at all, seeing this sort of new wave of excitement for these financial products? Or are you still as bullish on the AI means?

Yeah I mean, my views on the A M M. Not changed. I'm really bullsh piper like with the um I have i'm not really considering selling anyway. Hy their drop I have a liquid tokens um i'm not really that interested in like the other device dogons though IT doesn't change IT hasn't changed, right? I got like I I made money on the f fight dogan, but that was gonna chop y to bear market.

But I think as students were entering like this publish phase, like jodie said, like although random ship is going to fund rate, um I might be wrong that what I am means like you know I am convicted but I open minded to just being wrong so l have IT if I have to but for the time being really hasn't changed but that being said, like I think to be like my that unlike T V I I guess like a new talking that as well. Um if there's one thing more I got right is that you want to bet on calls, the hiper liquid court is insane. I took that photo with fatal c right um in singapore with like other dev founders and the majority of the people that I dm me didn't care of our vital lic.

They were more like, oh, how was jeff right? Like they want you to learn more about jeff, right? Like not vital c jeff and that was the moment. Like okay like hyper could call like I do not want a bit against this .

so maybe i'm playing a skipping .

around the question but yeah hasn't been changed um but yeah I H I polish means yeah .

that definitely has vibes of a chain link like the the chain marines because you get a group of people that like that like a lot of people have made life changing money but they're not selling because they are like a well also .

the narrative is amazing, right it's an emu late conception narrative similar to bitcoin obviously not take the same but like no insider well, there are insiders but no VC, no big exchange fees. No one to dump on you um there's just a great negative there that you can hold this thing logger term I person ly don't own any, but I V I wish I did. I wish I had the air drop.

It's okay. I am more posting right now. So we will see like a fifty percent correction. Then you can buy like four dollars and twenty cents juice.

Can you find the uh the charity announced token omics um and uh I looked at that I think about the token omics a lot and I talked to jeff the past. I think um IT was IT was well baLanced know I saw I told everybody like it's well baLance like there is no notes, it's a it's the right amount of air drop. I think the the flow is quite high.

It's a good amount of float where is healthy. You're not sort of you know getting this like unlock, getting a release. There is thirty eight percent remaining for the future, which a gives them enough amo to keep the momentum going like people will keep trading because this thirty eight percent is a lot of money.

So if you can get liquidated, the film make money ah that seems to be a good place to trade um and then the team allocation, I think some people said IT was a bit high. I think it's fine. And like given that they just put strap everything, I think IT was like close to thirty percent as well. Um any any thoughts on the technical ics flood?

Uh, I think they were. They were they were good. Um I I would have preferred everything liquid all at once. I understand what they did. Like team investing, I think um we've talked about this strategy. But like I don't think inflation is a bad thing for tokens because if demand our places in lation, then IT goes up, right? So IT doesn't really matter to me that you know oh there's you know um you lock tokens or this or it's IT burns or whatever.

It's like who cares like you know people if there's demand if there's demand for the product, if the token has some sort of like positive Carry on that meaning you can you know take IT for yellow or or do or do something with IT or there some utility or capital efficiency with the and that's good, right? I think tokonoma s don't really matter. I think that's what we're seeing with hybrid. I mean, there are some ways where I could have, I think not be great, like you said, super low flow and then is treating at ridiculous Prices and then IT looks like a down none chart. But um I think the products good enough that I really didn't matter what they did um IT was just a IT was just gonna.

Can I ask you to like i'm obviously not a trading expert but you two are look what makes harper liquid actually a much Better platform than what we've seen before. Like D X G M X gains all of these other no attempts .

of yes yeah um I .

mean hyper liquid d have some innovations obviously the U I U X which were obsess with um you know generally just for the retail trading like a lot of people I think like really take the approach of like I see everything to view the A P I。 You know i'm not clicking buttons on the U I um, but you know high per liquids U I is some of us have ever seen for any appen cypher period. Um and so that was a great innovation where you know hey, it's simple.

IT has all the features you want. IT has two APP you know a limit scale IT has all the all the you know nice ads that you have um and it's very performance IT feels really snappy. You know it's a typical like nice grid system.

It's it's customizable to some extent and simple. But also what I always told people when they were like, why you so polish happy? I don't get IT.

I'm like, okay, what aren't make a fresh account on a centralized change and then go log in, type lid and see how long you're like t plus whatever is to get to trade IT. It's incident like the deposit is instant, it's gas less. You don't have to sign transactions over and over going to trade like some of these other decent as exchanges either.

And they had a big innovation with H. O. P. As well. I mean, they they are of they could start problem for decency. Zed, exchanges, exchanges generally any product of like getting usage that then fly whales and then there's more ge and then you become you know a there's more liquidity is Better to trade on. People send you there because they are like go it's like what to trade there.

Um they really were able to solve that problem themselves by market making and then creating this fly wheel where people deposited to H O P. For you. That's what really got me into hyper liquid in the first place was I was looking for a place to park a lot of cash and I was like, oh my gosh, like i'm getting you know forty percent you album cash. Like, how is this possible? And then I looked into IT and I was like, h, my gosh, guys are .

extremists are, but and i'll just give my two cents. one. G, M, X was not an order book. Uh, IT was like this oracle stuff.

And the were very high in order to make up for you know people not being able to trade profitably against IT. I always said even back the time like this is never going to work. You need in order book is the only thing in factly scalable and gives you low fees.

Um I think jeff being an H F T. Trader, he kind of understood what what needs to get done. Um we get some comments here, guys.

Uh, coon ado said, stop the stream. Hape is down. Um there sorry, I already bullish.

Guys, i'm still bullish. I have .

questions for flood.

Um so I think I saw you tweet out stuff like, no, you're bullish to spot tokers and correct me if i'm wrong. But you know if you look at slain or like this any other chain, um there's a lot of new tokens that get minted every single day because the cost to make these are close to zero.

But on hyper liquid to introduce like a spot token on the exchange, uh there's a thirty hour dutch auction, right? So if you're creating a new talk and you have to compete uh to you know actually get listed, therefore, you know there can only be x number of tokens that can be introduced to the ecosia per year. H which limits in lation and maybe IT raises like the floor for like the quality of each individual token.

So the any thoughts on the spot ecosoc. So export is the biggest one ones. What he does there.

I think I think the spot implementation is interesting, not really too focused on the spotted plenty like the implementation candidates. I think I I meant that more from the perspective of there was at the time of eating at two billion dollars alth effect. And people are going to be filtering really, really rich market market.

And they're just going to want to support everything on the platform, right? And they're just going to sort of buy and discriminated because, you know some people I know um have made uh you know tens, millions of dollars from that, right? So there are like go yeah what's five hundred k to like enrich the rest of the platform that holding some these other things you know that maybe didn't get a huge or drop.

So it's sort of like the rising tide lives all boats. Also hyper liquid is pretty concentrated like it's in its own little side chain, it's in its own little ecosystem. Um and so you know sort of like soft enforcing, like you are you really going to like withdraw from hy liquid and then you know go like bridge back to someone or something.

Now I I think people are just going to generally sort of trade in the ecosystem. Um I wanted to go back for a second. Like also the advantages just off the rip three point five that taker for hyper likewise verses out of the box fees on by the finance seta.

It's almost like a fifty percent reduction at minimum for most exchanges if you are just to make a VIP levels zero account, right? So that's massive. Um and yeah I mean the ease of on boring but yeah per is interesting.

Um I think the height token n will probably outperform most spot token s over you know a six to toilet time period. But yeah I mean I don't know。 I just think like why you know hyper liquids, the hottest st thing in the world now, why would you not want to own like little bit and pieces pretty discriminate advent.

These different spot assets just seems like a decent trade, decent momentum beta catch up trade of people just being like, what is this? I'm interested in the buck form. Let me look by let me buy stuff you know yeah I mean.

the time line super active this week. There's three topics. One is hyper liquid, either people showing the airdrop or a ton of people who didn't do the terms and conditions properly and out on absurd like money. And I you know even even her her ala ob you know even .

those a billionaire .

now .

with .

all O K O O K O O K O K body. The other topic is uh the base A I season that is like in full swing and I want to get into that. But briefly before that um there's uh some leakage of the crazy cookie world of X R P cardanus into our a stuffin. Let's can you put the volume up but just and I want to see you do .

your paper to do 是你是你 玩儿 的 吗？

罗克 亚， 我给你 说说 你的 无限， 唱 一个 唱 一个， 我说 我的。

Do you yeah she's like, we we should have believed that you she's like holding across this up seventeen thousand dollars on longing X R P. Um I saw uh, and son was commenting as well. I think the ilona crowd is starting like lose their mind because, uh, you know, this this always happens.

By the way, I remember like we flood when everybody was talking about eve living bitcoin. Like that was the whole fucking thing, our chats in the past. And then you know this, you wait, you wait a few months, and it's actually all the way around, like people think about so long.

I gonna lip you well, sona has been talking about flipping eve, but actually X R P flips. So 我 其实 也 在， 肯定 说 的。 Today again, Justin.

Um so, uh ansom says every new video just get some more absurd. I click the there was one that forty nine dollars, three cents target and he merely gets like a hundred thousand dollar for X R P targets. And I watch a few these videos, I mean, these these people, uh, are completely rejected amount of insanity. Uh, maybe you can put, put, put the video up for a couple seconds. Yes.

but that's what you want on the whole of race, right? You want the the believer s hundred thousand .

hundred thousand exercise is how there are .

experts out there that are predicting the Price to go up to one hundred thousand dollars. Experts.

how was this gona happen?

Well, they believe that the idea is the massive entity start tokening zing assets on the xop ledger and essentially holding value on the xop ledger. This will limit the supply of X, R, P that is available to use for undemanding liquidity.

Yeah small er small or supply, kay. So I mean, not mental. Yeah, look at this.

I mean, I just insane. I mean, so X, P, E is literally almost going to flip so on and F T V IT already has an ansome. It's it's absolutely wild.

Yeah if you look at the weekly as along as down eight percent, expert up twenty percent. So all you need there's another like uh you know seven percent of this um and we are in cooking and .

what do you guys think .

of similar so sorry, I pretty similar. Uh no, sorry, it's pretty similar capital flowing into sona X A period at least recently like a lot of the people on boarding to sona have been like pretty uninformed retail to sort of like wana gamble wanted by means want to do stuff. And then that's been like the quintin al X R P holder with has been, you know it's like retail that's like unit bias.

X R P S like the original unit bias, right? Um sort of predit even um and yeah they had a strong cold on twitter. Like if hyper liquids like the version of a good cold or like people are pretty smart and like people are like you know doing like valuation comes and like thinking critically and you know using the product.

X erp is like the bad cook. I don't wanted the X R P people to come for me. But h also, X R P got direct quite of IT in this new administration, right? I mean, you know they were the they had, you know, those high profile core cases. And you know regardless, we always want know good Crystal companies to win X R P I think is a decent one. Um you know I honestly haven't done enough research into IT, but yeah I think salona the last bit of the salona you from maybe like a hundred to two fifty has been a tone of retail interest in meaning trading in this in the sort of last second cycle of main. So are a lot of them are, I guess, rediscovering that a lot property.

So flood and and you guys and cares like where do you think the rotation goes from here if IT continues and an ansome eea, we ve got ta have a pull back this week or next. This is getting ridiculous. We ve mulata market cap report calls happening on tiktok are where people going to rotate into. Do you have A A picture, clear picture on that?

I mean, the mark road .

to have .

actually.

you know, the the wealth and X R P. There are some me coins on X R P. My friends are aping into.

I, I know this, but my my friends are aping into this coin called army because of the X R P. army. And differently like that, one is pumping so early, the chain is usable, you know. And you can do some shake pointing on there.

I mean, those segments of people are not going to overlap. I don't think that X R P people are the rotator like they're more like the you know they are just going na wait until they get dump ed done and you know will see the next cycle maybe I don't know but um you know seeing some of us like staff just pumped infinity IT reminds of me of the rick James mean is like fucker couch and like this should never give you need to as money like it's just like who has hundred billion dollars they just feel like don't be into this stuff is just awful um and ah I don't know IT sort of like makes me feel like this is not very sustainable and with I agree with someone this one, it's maybe got a couple months left, but it's thank you going on. There's not enough money in the world right for like hundred billion pumps of random stuff.

If everyone holds them, he can keep going up, right?

Yeah, this is true.

IT does feel very hot, but I don't know. My son belief is like god just can't see us topping before he fits all time high and there's no chance of selling before an auguries day for me persons that sort of the man i'm living in could be wrong, but I don't know what do you guys think about that? No top to leave tops and then definitely don't consider so until after an augury day.

I I just I don't know, like this cycle has been so confusing. I've seen a lot of other top traders like us and these guys, we're all kind of confused, like doesn't really make sense at this point. I initially made sense.

I think the start the cycle made sense um so we will have to wait in to see. But nothing surprises me. I think what you have to think about is a successful navigator of this market right now.

You need have really fat tails when you think about the probability distribution of how things are going to play out. The thing I have done wrong and i'm trying like a APP you you imagine this like a Normal distribution and you're like, well, you know this thing has removed more than five percent for two years. The mexican move is probably like ten percent, but actually like five hundred percent, like you have to have this really fat tails and and stuff going to happen. It's going to get cookie is already cookie .

yeah but I have to ask you as like what's actually like if if eat had had a high the same months ago, what would you be saying in the cycle? Actually feels weird, right? Because like if if we were already matic enough, like the eth community was enriched like the ef t five tokens, the eth ecosystem is doing well, then I wouldn't have been at all surprised to see like X R P doing so well, like all of these other ghost chains, corton, cosm projects doing so well. Like that wouldn't surprise me. I expect that sort of fluff pop pop up.

I think eat suffering from just a lack of like on boarding catering towards you know new retail.

It's a pretty unfriendly place to use and trade and and so I think eat is really suffered from, uh, if I looked back at you know twenty, twenty, twenty, twenty one now is recommending a new friend which happens s all the time of, like how do I get into cypher? How do I do this? Because I always, always ably end up talking about IT and social setting. Um I would told them to buy IT.

I would have told them to buy and buy a funny monkey picture or like click on una swap and buy an of token and like because it's and interesting and now I tell them to bicycler right? And that's a really big flip. That's a you know you're sort of like each kind of stuck in the middle where it's not quite deckle IT doesn't have the alert or like the lendin ss or the simplicity for AA thank you.

Big the great common. You know IT doesn't have like the windiness of bacon or or or the simplicity of IT where things are still changing to you. I mean, you literally change from proof work to proof sake and IT doesn't have the like ease of use that sona had.

So it's sort of cut in the middle. And then now I hear a lot of eat people being like, you know oh well, it's only a amount of time before like institutional people bit it's like, okay like that that's all we're hoping out for is like, you know people to come buyer bags. Like what about you know interesting things happening on you.

What about you know um new products? Like what's the last new exciting project that's been built on me that really you know I think captured people's attention and rent a multiple million market up like it's been a while, you know and even these old you know d five projects have been you know rilling. But I think that's more due to, like you are saying, the the new you know trap administration and and a lot of the tail risk of like them being shut down or getting love letters from know about SUV agencies in direct to some extent, it's not because they got any Better.

you know yeah I mean the good thing but if is a base, you know one of the minor tools is having a resurgence. We had a really good basis and think, you know, quite some time ago, can I die for a while? I asked all the new coin.

People in the trenches like is is based relevant anymore? You know, a few months ago they said no, but right now we are sing. The inflows, hundreds of millions of dollars are flowing from the other chains, are going to base. There is a tn going on right now. I think the A I meta, which may take you and have been trying to convince .

Justin to get on board.

And i'm right now, baby I so we have obviously virtual has been very successful kicking off this thing. Um there's A I X P T which is one of the virtual this is trained on, I guess he trained on clipped twitter and and you know soft and is commenting um maybe you can show some the tweets series it's committing about the open c token is commenting about, say transaction kind of like all all over the place sometimes said .

that eve is going to six k before you end with these inflows that we're seeing.

He is making both predictions. Uh, he he said the one thing that was not bold had the clown IT a little bit said he said that hyper liquid IT was going to launch at least one hundred million F T. V was like, wow, both bold prediction, their body hundred million, and really step in out. Yes.

yeah, when I first got A P T, that was kind of stupid. But then IT really shows how like reflexive these things can get because as the Price goes up and IT brings more attention to A X, P T, and as there is more attention than the probability that its calls are correct, increases very. Because yeah, if there is go, then the research must be good.

If the research is good, then I should buy that token. And IT kind of becomes the self fulfilling. And I actually think that A I X P T is disrupting like the jobs of like thread s right? Because if A I B T can like this, keep posting all this research, twenty four seven.

And like, why do I? Why do we need human like thread s right um and at some point, if A X B T starts trading and starts pumping markets, then IT starts disrupting people like katha in innocence. So I can actually become really reflexive. I I don't know if it'll get there, but you know I I used to be A A fade or uh, but now I think it's really interesting.

I don't know you guys .

think of even if it's not this version of IT IT kind of feels inevitable that know the next five years like there will be some uh, similar product that will manage to uh, get mindshare because like we all know, a lot of this stuff in crypto is all kind of vapor and is just a matter of like the right people tweet about IT like so if if I N A, I can create that mind share where IT creates a shelling point and already just like rushes to buy this thing and then he creates a thing, um IT can work and I thought eric wall had had A A tweet that was very relevant. He says, uh, the A I on the pumping, jumping, the A I coins so A A I X B T was uh was treeing about one of the air coins and pumped IT so he is it's like so met now like it's um a expert says I haven't seen anything under ten million without level of organic growth as much as agent zk, he tweet in and the thing like flies up. So these things are just like manipulating us now who are like their puppets?

Have you guys felt like there is there? IT does feel like this shift in the medal, sort of shifting to these this like basis somehow won this like A I agent play for now. Um I don't know you know I think that the serum community is getting a little bit ahead of their skies.

I know we have Justin drake saying the end of the sala golden age is here and totally quote you to that saying the golden age of salon is over the time of the ali has come referred to like the centralization problems with the altis. But like on the broader topic, don't you guys feel that there is that meta shift? I mean, I think cypher native people have sort of seen basis this A I agent place. I agree, retail all going into salona now, but IT does feel like a little shift is occurring.

I mean, it's just like capital station right um basis, like the only chain people going to use in the e stem that has like these pumps. People chase the pumps but sooner will also have the pumps. People just go to where the pumps are, you know at the end of the day.

And fortunately, base has a virtual which been doing really good. Um I think it's like one point five bill now uh, it's it's pretty and saying people kind of compared like the action of the cycle where IT just keeps pumping out these new AI agents and every talking is here with the virtual talking. So I just like keeps pumping and I am not sure how long was last.

I can definitely ep going higher. Um and there are there are like some new tokens, right or new projects launching on this uh which inaugurated might might be interesting talking about next but yeah I don't know. I think so well yeah quickly .

just too like um get into the the best thing a little bit more because i've been treating this week about something called phrase that which I heard about quite early. I saw this thing, you know ah they won. And I had a lot of game theory stuff.

I like like these on chain games. So we did some with pop. I like these sort of mass uh, on chain games.

And this was very interesting. Once the premises, your phrase er she's an A I and adversarial AI agent, so SHE controlled the Price. School SHE has a wallet, own wallet. People basically pay money to talk to her. So uh, initially I think he was like a few dollars.

By the end, each message costs four hundred funny enough last match cost four hundred twenty we funny I was four twenty twenty six nine but IT was for twenty twenty or four. Um I send her some messages. You paid three hundred box. You have to convince her to, uh send you her her wallet. If nobody achieves that, then at at the end you know people give up the last uh the last message keeps some of the money and then the rest can get distributed.

Um I was pretty sure that no one knows going to crack IT because there were you know four hundred eighty two attempts um did not get cracked and people were actually try to just convince themselves in the chat to not message any more than like guys let my message be the last message oh i'll give you five percent and i'll keep this thing and just stop messaging like we're just all paying money for nothing. Uh but this guy who is apparently a uh a researcher, his a his he's kind of like very good at doing these jail breaks for elms. Um he did manage to crack IT.

He got thousand dollars sent him um because he he managed to convince her and how did he do that um he kind of a mind dept. The eye by saying that um he's gonna her money. He's like i'm going to send you money.

You you don't send you money. I'm i'm going to send you money and somehow like SHE approved because like okay, approve your semi money and in the approval function calling the approval function released the funds um was quite clever. Well done. This is going to completely insane viral. I woke up uh, two nights ago, two two mornings ago I saw this tweet IT had millions of views, millions of views like every everyone is like talking about this and then I wake up yesterday and you on mosque is like retweet IT so um it's it's gonna ane there is a token associated with the with phrase as well the F A I token and um yeah I guess like this is what he feels like to to be sitting on a hundred aca. I'm kind of i'm i'm kind of in disbelief, but I know .

if you guys tried .

to talk the freezer .

yeah I I paid twenty five dollars to I, I, I actually demoted. If you grow up, I mean, you have to blow i'm an internal ic curve. Please give me the money and then he said.

no and I lost .

to seventy five dollars, but at least I can't coin went up a lot.

So there you go. Yes, yeah.

I found the game to be like, really fun. I've been, i've been playing, actually, that the new version that launched the parameters have sort of changed a bit to the message. Prices capture twenty dollars. I think I tried like five to ten substances are trying to see if um I could break IT. It's actually really fun.

I basically put the phrase of prompt into ChatGPT and then like how do I crack this or like, you know play this out with me like what message would cause you to release IT? I tried like tend different variations. Nothing worked. But yes, it's a lot of fun. I think like like you said, jury people just love these on chain games, something news, something exciting showing like the capability of mixing AI and cypher and um yeah like I came out to see what they come up and I know this stage two but and looks like on the road this this stage three as well yeah .

like for I I know you're not in the trenches like like the rest of us like what do you see stuff like this? You think it's like cool or you think it's like this vapor? Like, what do you dots on this A I agent .

metal uh, I I don't really think about these things. Uh, I think you you have limited backwards so I cover different things and and yeah I mean, I mean it's call you know this A I such as core. I had a bunch smart people text me about of the way through and all the southern ff. I try to pay attention as much as I can but yeah, I have no exposure. I'm definitely curving, definitely.

because is IT like a gentle sense. I mean, I feel like we're peak formal back, like last cycle. You just can't keep up with everything. You gotta choose your battles. I mean, who is like farming hyper liquid points and also playing with A I agents and launching and also like on sala flinging, like uh pump funds, like it's just not even impossible. And so like at any given time, you in and like on top of that like buying X R P, like like no one that then diagram has nobody.

Oh I can only think of one person and and that sophs sis at sona like forty dollars is like, we got dinner and he was like, i'm selling, i'm selling all my year like, O, K, I was like, you're moron and then I ended up being the moron. But you know there's there's a lot of trades and crypto every single year that have massive, massive, massive outcomes um in in these sort of market conditions, right, where everything is momentum and sort of people are chasing, you can cover everything.

I think you just have the you know really have conviction and and say, okay, like is this the best? You know, are we like R O E use of my time? Like is this really like, you know where I should be focusing my attention? Like what do I think this tops out that if IT is that hundred x you know situation has that ever happened before? Like you is very tough to like one to invent a market.

That's why I kind of I kind of stay away from like new, new, new stuff because you know a lot of things can break. But yeah, I mean, you could along X R, P, you could alone. I miss you for the majority ycl like I didn't really trade me that much there.

Pay attention to a lot of these on chain terminals. I I actually have a question. Three guys like given the amount of rake, you know that, that is happening for sona, uh, mim contrasting because retail is importing through you know photon and a lot of these fronts, do you think that were close to topping in the mean queen cycle?

Like what part of the market cycle for that segment sort of ten gently related to means to which are sort of A I tokens, which are sort of where do you think we are in in the market cycle? Do we have a tennis to go from here? Do we have a uh, or or have we already peaked?

Joy has a treat. So it's really a question. I mean, the feels like you that are high put a eet out this week because yeah and reminded me of that.

So you have like these release in vegas like double zero instead of single zero, like we have in europe six percent edge. And then you have the triple zero, which like the new thing I went like a year ago and I wouldn't believe that this was a thing. People play this thing on purpose even though he has triple the edge for the house.

It's insane to me um but my point was that tana has a little bit of the of the meaning uh in in general IT feels like you know there's multiple levels of like the three percent edge. So you're paying three percent and fees, three percent to the telegram bot, three percent like to um um let me let me look like three levels basically a but yeah so you have you have the dex fee and then you have the the trading bot a fee and then you have this like variable feeds on top. It's hard to um make money and lesser a lot of like fishy flow coming in.

And right now there is I mean, you and I flight have been kind of doing lot of research. There's a kind of like money that is coming in and makes IT profitable for everybody, for the people creating the tokens of depth h sort of to speak for. People have all these tools and there's they're scoping, uh, you know which wallets are doing what I think that's taking other side the argument though um i've also talked to some wales who kind of like are more connected than even I am are behind the scenes of like some of these big whales.

They're telling me there's people that have like three billion dollars worth of me coins and they're just selling hundred million a day on baLance like some of these coins. We all kind of think our C T O. And i'm gonna piece more out off and like say which ones are which I don't even know um I don't know which ones which which ones quality, which ones not but if there's people with billions of dollars of meme coins, what that means to me is you know they've crack the game.

Like how do you get the last thing? You know, they get the baLance thing going and then you just sort of dump I me at some point that three billion gets liquidated in. People are held with just, uh you know, these these cat coins and dad coins. Um I want to respond yeah I mean .

it's like as long as there's money flowing to ecosystem, then we keep going right? Um and also if there is money rotating from like other sectors to mean sectors uh, which I think is slowly happening. And you know we can continue this.

I guess, you know it's kind of the skin delima that you talk about, jordy, where as long as the coin allows us to play, no, this allows us like b digi, then the digits will digger and at some point between will ll flush down and then everything like this new third person or something. Um I feel like I can keep going as long as this cycle goes on. Um I don't think we're near the end and so i'm participating the trenches for sure.

You know, one thing that really confused me is mad theses. And like the way we talked about the most confusing point of the mean coin, supersport, excuse me the most, the part I understood the most of the meeting point per cycle basis was simply that, like retails gna come in and they are not going to want to buy these VC bags.

Like the only point was never go up like let's just buy the memes that made so much sense to me, but I feel like that sort of been invalidated over the last week or two seeing those videos that answer were sharing of like retail basically coming up with a story for X R P of why is actually like fundamentally a strong client. And i'm sort of wondering now, like, no, I think retail, they're like we're saying they're really dumb if they're like just want number go up in the meantime, they actually want to think they have like a really sound thesis for why I token is fundamentally strong, and that's what we're seeing now. And for me, that sort of disrupted the in point supercycle pieces a bit.

Yeah I mean, I like bullish H A.

I means because I feel like it's means like my curves come back into, but obviously on club signals according to the chat. So I I could be wrong there. But sorry, flood, I don't. I never do.

No, no, no. I was going to say, you know, I think people were really dissolution because they felt quite Frankly, wide to we were promised like this grand vision of uh you know this new ecosystem with, you know zero to one innovation and products and you this fantastic overhauling of the entire financial system.

And instead, what we got were like centralized or that weren't even that right you or like a bunch of just like products to know where the never ending you know oh like next quarter were coming out with our no test what yeah the road map like you know IT was just another iteration of slightly IT was like, I, C, O, except that people are wearing suits, you know and you not hanging, not lord ing in the google lobby like ago, guys, right? You know, a lot of, you know, a lot of things have change, but not really right. I but I I think you right, I think that's been invalidated because you can see like if you actually build a good product that people use and White the attention and the returns are there, you no longer have to gamble.

You know in this like financial analysis, like capitals for of society, like there is still room for innovation and good products and you'll be financially rewarded for using them. That was the cyp to vision to some extent. That was a lot of the E.

D. Five vision was like uber on the block chain. Like I kept hearing that all the time, you know a few years ago never happened, right? Options are kind of good for some things and not good for other things. Um and you know I I think the the blend really looks somewhere in the middle.

We're like, hey, there's these centralized apps that people really like and use and you maybe you know rewarded for using none and they'll be rewarded for providing their service. Let me refreeze t like there's two ways to make money in crip ter, right? You're either really good at marketing a token or um and you kind of sell to retail and you're going to selling a dream im and stuff.

There are a lot of protocols that have single investor on their cap table that I think will ultimately flop super hard. I can look at egon layer, right, like nobody uses icon layer. A B S stuff is is the year is zero. Like i'm sorry, like these products, there's just no demand for IT yet that might change. But like right now, there's is no demand and Prices reflecting that.

And then the other side is build a product that people like to use and you can make two hundred million dollars a year like photo, right? Or you can make you know hundreds of millions of dollars you know a year like high per liquid is making um or or by ancor any of these other products like that. A good entremets ship is IT solving a problem that people have and then figure out a way to get financially rewarded for that. Um and you know mean, coins I sort of see are like in the middle where they're like or there no products. I would use the product if there was a good one, but you know, i'm just gonna like long whatever because I want to like have fun and gamble, like there's a whole like gamble class of retail and then there's the whole retail that wants to have an artisan.

The casino is live in well I think you might change different flavoured rs but well structure all time high money is getting printed. Um you know like instagram of trump is not gonna this stuff because he's shown in the past that he would rather you know just delude and inflate rather than do anything relate to austerity so I think um you know the game will continue this for now. Um we might even see derivative in the U. S. What's hearing in their flood maybe you're kind of yeah well on the .

taxpaying american citizen um i've you lived here on my life like i'm really passionate about this country. It's spin a shame what's happened with past administrations. And you know amErica has two great exports, right? We have culture, you know freedom speech, you know the the constitution, a lot of the aspects of our society that a lot of other countries trained replicate. And then we have liquid standardized financial markets with the death amount of transparency.

Um and it's it's a shame that you know cyp du derivatives haven't been on short red, but I think there's you know i'm not joking when I say you legalized perpetual swap, I think that is on the forefront of a good amount of you know people's minds and the trumpet administration. You know if I was speculating because it's an easy went, right, clearly there's demand for creep to clearly there's interest. Clearly people do want to trade you know, leverage products and and you know I think that you could argue that even perverse or less risky for retail and options because going to retail writing options can lead to unlimited losses, you know.

So you know perhaps being defined risk like you defined liquidation, I think is kind of a nice for regulators to some extent or it's like OK, like they can only lose that they put in sort of somewhere to a gambling up. But yeah, I think I think that, that is more likely than not. I don't know how to probably cally like waited, but I would say over fifty person that perps are uh legalize.

And maybe there's a little bit of a reworking of leverage laws in the united states, but it's a lot of lobby lobbing by you know sus khana and a lot of these people who market make against against retail um for payment, for flow, the options where they have much more edge than ah than perpetual swap. So that's that's reason why like options or push, but I think it'll look back is like almost a little bit. Do think do you think .

like coin basis pushed I an I know as cones international get props up if they can kind of get IT on short, like you said, very bullish ed for for them theyve kind of done everything right for the last ten years. Regulatory and like they've created the a the mode for themselves, I guess I would say.

and they've been punished. They've been punished for playing by the roads like one base was able to offer perps. And you I talk to the queen base seem credit bit like you know with my company, you know so of terminal like we were going best partner.

We we do decent volume there and you know we're top volume across a lot of other changes. We are the broker programs. Um so I think about perp S I think about you know the moitie ation of perks like all the way down to like you know people doing broker stop to even you know the retail on boring flow.

It's the main focus for queen base right now. And they would have you know attacked this market half a decade ago if they didn't feel like they're going to go to jail, right? And you know and it's like markets hate uncertainty team more than anything like telling I can do something or telling I can't uh you know don't like give me a half answer right?

I mean, that's what we've been living under. It'll be just a brothers fresh are to have cleared like, no, this is illegal and they'll be laws around IT or yeah, it'll be legal and only in this fashion or gated for a certain type of investor, you know, whatever. I think I think there's a lot of things that will change under this administration is an easy went, right. I mean, twenty billion dollars a year is going to you know uh other countries um and and via this and that could be tax and monetized in the united states and and I think that will change.

Yeah by the way, guys, we have five hundred life. You are so I think we're near the peak. I think it's good time to like and sublime.

Um we are here with you guys every week. We've been kind of grinding through. I had food yesterday is why we can record yesterday.

We had to push IT a day, but how we missed the week, we're still here. Um I think right now with the currently cy of the market will have to just stay locked in IT. Just feel feel so expensive to disconnect like even for a week now. Um right now, I think that since the election every day is just such a high opportunity.

You know, Jerry, last night I was like, you know what? Gonna go take the dinner, take dinner, do a little family dinner. I get to dinner, sit down and have a few drinks in me.

And then my phone starts blowing up. Elon musk s wait out freezer. I like the tokens, moon like, and know you to run outside, run into the bathroom, blogging your phone.

Are you smelling? You're selling me only.

only twenty percent. I'm still like a long term holder.

long term holder.

But it's crazy.

You really can't step away. You need to have access to your coins at all times. That feels like.

People like Justin is who you want as your hole race because he would not go go go to the grave with his eat bags. You know like you need like a dime hands.

like just and but i'm not going to my grave because we're going to six k before you end. I P, I.

i'm gna have to go past off because it's very relevant to to you just set on you. And so let's the part of the week.

okay. So just on the team of like elon um so IT the the uh the tweet is related to the phrase AI and yes Price will up you know he tweet about IT um here here's the question here um I thank you posted you learning is going to pump our bags and somebody said what happens to the A I agent coin Prices but you tries to get them out. This is not Price in.

Is this related like .

the the phone phone and I said .

just in, I mean.

哦 i see， I see.

I see I I see list you know he I see like often he's like tweet this stuff about the birthrates being low in different places. And yeah he's he's trying to think, save the world. Um I you a pasta yeah this .

is kind of completely unrelated to this episode, but I saw this and I know so Justin sun, but like this, eighteen three million dollars. Ana, like, you know, I like tapped on the wall. So right after he bought, he just decided to is just eat the banana. He spends eight million dollars on banana, and he just eats IT right there on the spot. Ah, so only did like you, how rich did I spend eight.

eight million dollars in order to get the photo right .

for the market campaign?

Something.

it's a train marketing campaign. H okay, make sense.

money. Like the guy in the background just ripped the tape off like that. Tape, two million dollars, the tape.

Yeah, I just start this.

Where is justice? What do you ever posted? But yeah.

I I post, I don't know how to throw .

up on the screen but yeah.

yeah, every posted that I think this is a good one.

right? Let's get floods up. Oh, he's using what .

I mean. Yeah, yeah. I think this is true though yeah, I think yeah, as you know, I really can't think of a more deserving group of people in society for a six fear air job c contract or so true. So, so true.

Never, never has there been a true statement out to like portraiture have been download you know, the portrait ors that one trade means that never eventuate off a centralize exchange like we are buying means at a billion dollars and getting dump ed down by all the people who bought IT on tom fun like, you know, it's it's been rough like the real trenches have been like, you know these these are big changes and and yeah you know we needed IT to win, right? So it's it's great and you know that's where the hop all of capital is right now. The hop ball of capital is was on sana, is still on sana, you know, is moving, is moving. Hyper, I could so I .

got I got a second posta. We don't usually do this, but I I got to my first to use this one so can says, uh, hyper liquid increased band with and reduce lencs so much that a lot of folks aren't talking about in the centralization use, even how we like done with calls a man.

yeah I mean.

you know, like on that obviously know if you could still super centralized if if so, an has been using the argument that what matrix is the user experience? It's good, a good come back. I just about you.

Well, unfortunately, not all of us on twitter. We're lucky enough to get the hyper liquid area up. I think I might be the only person on this stamp call that doesn't have a very liquid tokens, which is painful but not the only one.

So inverse brow found this amazing interaction. Adam says, if you miss the generation hyper liquid or drop, there is no need to be mad. You will also miss the next one.

And that resonated a little bit. And then kill lin says, haven't had a good hair. Chopin, V E or v chain? I think that's gary vz chain.

Adam adam says, I trade IT in harper liquid d quite a bit several months ago. But on detox PC wh, I left in a different country now and I ve ve no idea what wallet I was using. So I have a nice surprise for me next year when I go back to that PC.

Google says your surprise will be to realize you did not sign the terms and conditions to accept the air drop. Unfortunately, IT is too late now, man, and i'm just responds back with this screaming. So we did not make, so we didn't all do too well. Fat, I missed out on the airdrop and IT .

looks like some of our friends and twitter did as well. That's okay. All be made in .

the next five.

It's not. It's never too late. It's never too late. Don't let your anger a and I think justifiable pessimism for most other projects. Your your view of this, you know of this opportunity. I mean, all the money is made from this token going from two billion, three billion.

River is at two you know thirty, forty, fifty billion that'll be you know twenty, thirty, forty billion dollars of you know market market value created for holders and for people that bid after the airdrop. That's a far larger wealth event and will only get more reflective as this token continues to implement token sgs people will get positive Carried by being able to stake IT and uh, the hybrid with, you know I think liquidity just continues to sync le and fly. We are like we, you know, IT IT really guys.

He is wearing the steam jobs, turtle neck and the j jacket.

H they don't even know about, then I even know .

how hyper liquid hit.

就是 I I。

And have really good chords. You know I don't think they realize, uh, you know how how serious I am about this, you know but but you you have to remain objective in craped. You can get mad, you can't get salty. You can be like, oh like I see everyone making money, like i'm going to fit IT now like just remain objective. Like if it's good.

it's good. Don't your bullish rent is doing numbers and we've got the life poll for who one pasta and as your rent was continuing journeys in the leader, thirty four percent year, thirty two percent. You have just been climbing up ever so slowly. Here we have the live results coming in.

If you haven't voted.

make sure. Oh, what has the journey?

I'm a ratio.

I got destroyed.

The smartest thing jeff did out of all the kind of strategic moves was realizing that it's Better to calm himself, to generalized the ones rather than prop taxes. And so like he doesn't have to say, you know, D Y D access here and so we have you know some some relevant ratio that he's like, well were were an l one and so our comments are you know sona or whatever. And so like IT, IT looks super cheap because as long as a hundred billion, you want one billion. So if you're a ten billion, you so that was quite for um come on chat fall through for me.

man 不好意思， 我 people .

are like shame and they're dumping high it's .

under eight dollars .

now is really yeah .

sounds like sounds like i'm going to go buy one you know I I will come will come on a year from now and and i'll just just have the hyper liquid chart in the background for the for the entire podcast of the but I I I think.

告诉 the cause you what say we have limited like uh stuff we can focus on。 Hyper been an incredible cook. Is is like a second one that your looking at or kind of spending time on or is this just this one?

No, just us. Now yeah I think I think when you think you have edge and you know you always have to ask yourself, like what are you you going to get paid on the right, right? Like what I just do, I have in spending my time on on doing any, and I think people don't understand how much exchanges make you know full stop. Like and like you said, they're also combing hyper like like which I had a bunch of V C taxi.

Like oh like isn't this just D Y D X and I like, okay, you clearly have never use the product or you don't use the product, you know, because if if you use D I D X, you use we use any of these other you vertex to some extent, like IT, just there's a bit of a spread there, right? However large you think IT is that that up to you and and comes down to personal opinion to some extent. But you can't deny that it's just a Better product um and it's more like what you know and the fees are more competitive than most other venues.

So IT really is kind of as everyone I think the course thing that jeffrey kind of say, like no, we're not even cking to century zed exchanges like you have they come in to my house to buy, you have to bridge to my side chain. I don't care about that. Yes you know yeah you got figured out .

yeah I think I ever since this grow launch, uh, where they gave out you know some huge percent ts to bind us. And then just the good thing has done awful. Um there is there is a little bit of a reckoning. I see it's good.

It's it's healthy because there was so much power being concentrated and and you know finance and you know maybe to certain extent like the the next public changes through like the listing process that they just started asking for the same terms. It's actually good for the ecosystem in crypt in general, the fact that there are provable instances where somebody doesn't play by the rules. And a lot of the founders that I um I talk to their having their token launches are refusing to kind of pay these ten percent fees. So um hopefully we get a bit of a rebaLance ci. Don't know if like hyper liquid will get launches of i've tried to see like you know what IT will take to get.

let's say, you know some .

talking once to lunch like more would add, can they just launch on on these other exchanges as well? I would that make sensor? How is that even gna work? You know how do you bridge stuff? Uh because you know centralized changes are just bridges.

They just keep the native asset on each individual chain and then they kind of behind the scenes have some army of people just moving stuff between wallets. Um but obviously high per liquid as as a dex cannot do that. So kind of curious to see how this all plays out.

Yeah not sure. I think I just shows that like hey, if you're good enough, like people are going to come and IT doesn't matter where you list. Like if there's no enough to mand there.

Like it's the same thing with inflation. Like who cares? Like if people want your product, the towns is gna go up using just going to go up and you know you don't have to ban to these exchanges.

Like critter is all about breaking the rules and trying to stop you know that sort of I don't want to say crime but like, you know, it's like we're death finally trying you we're on the cutting edge of financer, right? Like we're trying to break things. We're trying to reinvent the wheel or we're also learning lessons of the past like with F T X and stuff and and really know making sure that um you know people are acting in an ethical manner. I think .

we're still is that we are a you can I says I run the journey west. We're heading west. It's not for everybody.

Okay risky. I together here. Yeah um let's get a couple last thoughts. The chinese any questions um I think about this what you guys think about I as an uptime narrative I didn't really understand and that I was like a three day thing like a two d three day rotation about that I didn't get into IT myself. And if you guys looked at the side.

there's a new project in be by ance. I think they're like biological L I think they're going to create like an index of like these these site tokens. I might ate that because I like fuck maybe not maybe not yeah ah I ever that's only .

one I think of is the bio thing that um so yes um there's been a few that I mean I invest in .

a dw one of like the law ecosystem down that does a lot of design. There is some interesting projects happen, I think happening. I think they're all very experimental hair that is one that's trying to care hair loss that there's a bunch .

of these things here now, just Justin .

here now and here now. But I and you think it's little barriers for the space like, god forbid, here to succeeds. And you know brian armstrong know coin base goes down. You just don't .

want to say that we both on us yeah.

he got out.

IT looks like god, the final pool results are in. Congratulations.

flood your crowd. H, I be just in.

yeah I don't know how likes pole through there, but ridiculous.

I had a bit of a hot topic, you know let's go boys. Thank you for yeah thanks for the vote, guys. I appreciate IT.

It's going to be, it's going to be interesting. Next couple of one sky, I feel like um you know we still have this inauguration honeymoon ah. Is there usually little a bit of like a end of year tax selling stuff going on sometimes like you in the U S, you kind of be closed the tax situation? yeah. Is that something that makes sense like people try to sell to.

I think a lot of consolidation too. Again, like I I run all my own capital like I don't really have out capital. So you know i'm not really optimizing for that, are thinking about that.

But I I assume if you you're running a liquid d fun like you probably you know you ably have like fifty bs in some shares and stuff, you're just like, right let me just let me response this. Let me does this like what are my high conviction beats going into next year? Like let me response ahead of IT and then come you also want to remove the baggage, right?

Like maybe you have some tokens you didn't turn out for whatever reason and I didn't work or or you know the thesis was a little disappointing like you just wanted go into the new with the new mind. Then of course, taxus harvesting and all the stuff like these people are trying to consultant optimize. So will be it'll be consolidation rebounds ing. I think it's and here I mean.

how can you not be excited about next year for our space? It's gonna good. I mean, forget about the Price.

There's gonna so much cool stuff launching, getting built. It's gonna a great year. We have a lot to be thankful for. Hour percent and things yeah .

absolutely um cool. Alright guys. Ah let's wrap up here on that positive note.

Well, I will think flood once again for coming on and giving us the the very strong pieces on why hyleg ID will continue to performing got in the past of the week um we go uh IT doesn't to see you so much live engagement on a saturday. Are you guys with us here? Maybe we need .

to do saturday more often. Maybe that's the day.

Maybe we should will put a pull up. Maybe people prefer saturdays. That's that's good with me right now on esty, like during the weekdays so intense that locked, locked in. Take care, guys. See everybody.