The Wolf Of All Streets - Celebrity Memecoins: Trend or Hype? w/ @tryarchpublic | Crypto Town Hall

Episode Date: June 7, 2024

Crypto Town Hall is a daily X Spaces hosted by Scott Melker, Ran Neuner & Mario Nawfal. Every day we discuss the latest news in crypto and bring the biggest names in the space to share their insight. ►►TRADING ALPHA READY TO TRADE LIKE THE PROS? THE BEST TRADERS IN CRYPTO ARE RELYING ON THESE INDICATORS TO MAKE TRADES. USE CODE ‘2MONTHSOFF’ WHEN VISITING MY LINK.  👉 https://tradingalpha.io/?via=scottmelker  ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEK DAY! 👉https://thewolfden.substack.com/    ►► OKX Sign up for an OKX Trading Account then deposit & trade to unlock mystery box rewards of up to $10,000!  👉  https://www.okx.com/join/SCOTTMELKER ►►NGRAVE This is the coldest hardware wallet in the world and the only one that I personally use. 👉https://www.ngrave.io/?sca_ref=4531319.pgXuTYJlYd ►►THE DAILY CLOSE BRAND NEW NEWSLETTER! INSTITUTIONAL GRADE INDICATORS AND DATA DELIVERED DIRECTLY TO YOUR INBOX, EVERY DAY AT THE DAILY CLOSE. TRADE LIKE THE BIG BOYS. 👉 https://www.thedailyclose.io/   ►►NORD VPN  GET EXCLUSIVE NORDVPN DEAL  - 40% DISCOUNT! IT’S RISK-FREE WITH NORD’S 30-DAY MONEY-BACK GUARANTEE. PROTECT YOUR PRIVACY! 👉 https://nordvpn.com/WolfOfAllStreets    Follow Scott Melker: Twitter: https://twitter.com/scottmelker   Web: https://www.thewolfofallstreets.io   Spotify: https://spoti.fi/30N5FDe   Apple podcast: https://apple.co/3FASB2c   #Bitcoin #Crypto #Trading The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor.  Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.

I figure it's the first time I'm a co-host at the same time as you. I don't think I've almost never beaten you to be a co-host before you, but at least we're at the same time. Very impressive. Good job. You showed up on time. How was the space yesterday? Oh, good. Okay, just hold on. If the team is listening to me right now, I've changed the title in the group.

And you guys didn't put the new title. So please be careful with the title. I've just fixed it now. Big win or loss. That's a shitty name. Whoever chose the title big win or loss is a shitty title name. That's probably red. We should fight him.

Now, what would you talk about in your show today? On Fridays, NLW, Nathaniel, Whittemore, and I do kind of a review of the week. It's called the Friday Five, so the biggest stories. So we basically hit on like, you know, Robinhood buying, Bitstamp, interest rates and jobs, some hyperbolic bitcoin ethereum predictions biden sab 121 kind of just a grand review what's that yeah the guy is so smart man you just can let him run it's incredible can we go through them can we go through them can we go through them one by one briefly as we get the panel organized what's the first one so uh first just because of the job numbers hitting today we talked about that sort of as an honorable mention for the stories. Obviously, the headline came in, you know, I think it was 275,000 jobs added versus 185, which obviously, because we live in the upside down, meant that if jobs are strong, the economy is strong, labor is strong, that, of course, that means less chance of a rate cut.

So you sell everything, which is stupid, obviously. But, you know, Bitcoin went down a thousand bucks or something right on that news, which always makes me laugh. Like, you know, good jobs. Everybody has a job. Let's sell everything, right? Because they're not going to cut rates. But then as people dug into the numbers and saw that it was that long term jobs like were actually down, I think over 600,000 and part time jobs were massively up. Well, that that kind of made them scratch their heads. And then if you dug even deeper, unemployment went from 3.9% to 4%, and Powell has sort of said that 4% is a line that he's watching. So unemployment actually up, even with the jobs, and we know that they revised the jobs.

Basically, it's a huge scam. The numbers get revised down the road. Scam's not the right word, but, you know, they manipulate the jobs. Basically, it's a huge scam. The numbers get revised down the road. Scam's not the right word. But, you know, they manipulate the data and lie and then revise it when nobody's looking. So markets have obviously reacted to that. Things bounced, I think, when people started to read the report. The second one was SAB 121. I think we've discussed that to death here, that Biden vetoed that even though it got bipartisan support, including Schumer and nine

Democrats in the Senate that flipped against party orders. And Elizabeth Warren, of course, over 70 Democrats in Congress voted for it and Biden went ahead and vetoed it. Anyway, the next story we have was Bank of Canada and ECB lowering rates. Obviously, we're starting to see rate cuts across the world, wondering if the Fed will follow or if they even care about what happens elsewhere. Then we had Robinhood buying Bitstamp, $200 million in cash, seemed like a very low deal. Simon was on here yesterday, actually said that Bank to the Future and himself were early investors in Bitstamp and exited just a couple of years ago at $400,000 valuation and Robinhood paid $400 million and Robinhood paid $200 million, which is a 50% haircut in that amount of time, even now that we're sitting in a bull market.

But really savvy move from Robinhood, obviously, to gain that European customer base, like 50 bucks a customer, really good deal. And that's Bitstamp historically is where the larger institutions in Europe and such trade. So very credible, really big move, I think for them. The next story after that was the inflows. We've had actually a record streak of daily inflows for Bitcoin spot ETFs, and nobody seems to be really paying much attention to it and had the second biggest day this week in inflows ever over a two days ago so really yeah really steady buying on the Bitcoin spot ETFs and I think it's just the coming kind of par for the course and then the final story which you know obviously right after we get done right the roaring kitty at noon eastern standard time is streaming he has now a 580 million plus position in gamestop um absolutely what is he what what is he streaming exactly who knows i think the stream is literally

just like entitled wood and uh but like i brought up the stream actually on the thing and the velocity at which comments were coming in already in the streams obviously not even live was it was insane like youtube couldn't literally keep up with the scrolling of comments that were uh happening live already on youtube but you know it's just a really uh i think the whole thing is really interesting to unpack obviously you know he sent game stop flying uh by simply posting the man sitting up in the chair meme recently. And then, you know, he just spammed memes to his account. But the fact that he was back, you know,

led people to conjecture that he had a GameStop position. It was about that. And then this week he announced, obviously, that he had this, you know, nine-figure options, a long position in GameStop, which just sent the world flying. And now he has the stream. And, you know, there's a lot of people calling it market manipulation and such. Last I checked, there's nothing wrong with publicly sharing a position that you have in a stock, right?

I mean, it's literally what hedge funds do all the time. So just happened to send it. But, you know, and then you have to wonder where did he get the money to even run a position this large. But the guy has got a half a billion dollar GameStop position right now. David? Yeah, I just want to say, Scott, you should also mention the fact that GameStop pre-announced their earnings. They were not good. They were not good.

Revenue's down considerably um and uh i think they just wanted for purposes of whatever roaring kitty is going to do this afternoon to get out in front of that so that they they don't have there's no allegations or even you know thoughts around the fact that this that the company in any way is connected uh with whatever keith gill is doing yeah listen it's trading like i mean regardless of what happens with the underlying company. I think people know that. But this is – even Jim Cramer came out and said,

congratulations, GameStop. You've got enough cash now that you can do something other than a meme. So basically GameStop joined Zero by like noon because we've got Cramer on board and we can inverse Cramer. But yeah, I mean it was a pretty uh pretty pretty crazy week honestly um i think that'll be the biggest story that stream is you know i would venture is what time what time is the super bowl i think it's noon est um that i just happened to when i clicked on it it said you know in two hours about 30 minutes ago so i can

look um right now as we're kind of talking but i believe it's noon yeah it's scheduled for 12 p.m live in 95 minutes um you should totally you should totally urge the company publicly to invest all of its capital in bitcoin uh and i mean that absolutely seriously i i think it would be just incredible i think i think it would be great for the stock i think it would be great for seriously. I think it would be just incredible. I think it would be great for the stock. I think it would be great for the company. I think it would be redeeming and substantive and real and serious. And, you know, I think that's the right way to go. Or Ethereum in your case, David.

Just a last quick question there, Scott, before we get into the discussion today. The Biden, the Saab 121. So what was the outcome? When did that happen? Because I've been keeping up with the news. Yeah, he vetoed it. Yeah, when did he veto it? Because we were speculating he won't veto it just for political purposes, yet still did we're saying how the tide is turning and when it comes to crypto and

and washington but does that kind of kind of kind of kind of debunk that that like that hopeful it's assumption it's not a matter of debunking there's a lot of ways to skin it and it's you know we we have talked about it quite a bit. But interestingly, in the White House message, this was the language I can read it for you, because I just brought it up, which is kind of funny. My administration is eager to work with the Congress to ensure a comprehensive and balanced regulatory framework for digital assets building on existing authorities, which will promote the responsible development of digital assets and payment innovation and help reinforce United States leadership in the global financial system. That all sounds positive, right? Then the next line, therefore, I'm vetoing this resolution.

So it's like either somebody fell on their head and got confused what those two comments mean and how bipolar it is, or they're trying to poorly make the case that SAB 121 is not a step far enough and they would rather get it all right at once with a regulatory framework that's more comprehensive, which I think was the game they're trying to play. But at the end of the day here, I think that the White House is attempting to thread a needle that's effectively impossible, because obviously they've been outright anti when he said he would veto this in advance, which is unprecedented to say, no matter what happens, I'm going to veto something that hits my desk. At that point, he expected all Democrats would vote against it, that it wouldn't

even get to his desk, it would be irrelevant. And that's right, effectively, when Trump came out pro-crypto and forced the Biden administration's hand, and also forced effectively the hand of a lot of Democrats who were quietly pro-crypto to take this stance and go against their party because they realize that there's now a political a hot political hot potato and they can't be on the wrong side of it. So, you know, I don't think when Biden said he would veto it that he expected it would hit his desk. He definitely didn't expect Schumer nine senators to go against Elizabeth Warren, who pleaded with them publicly on the floor of the Senate that day to not even let this bill come up. And then it went to, you know, the Congress where 71 Democrats went,

I guess, against party to do it. So it put Biden in this situation where he kind of thawed on crypto with the language, but still had to, I guess, follow through with his promise that he was going to veto it. I also I think, and I said this this morning, I think, follow through with his promise that he was going to veto it. Also, I think, and I said this this morning, I think we should stop saying Biden is doing things and just say the White House, because we know that it's wildly inaccurate to say that he has anything to do with that. True. I do want to get into the discussion for today, though. Something we've discussed briefly, and the timing of it is perfect, because I'm not sure

if you know already, Scott, Hulk Hogan, you know who know that is the wwe days do i know who that is i'm an american person who grew up in the 80s like are you kidding me all right so how come guy his name was michael jackson he was a big singer i don't know if you ever heard oh well you can't compare hulk hogan's fucking michael jackson but uh so hulk hogan launched a token um if you let me try to find there's a good tweet here by ed you kind of went through it um yeah so he launched a token. If you let me try to find that, there's a good tweet here by Ed, who kind of went through it. Yeah, so he launched a token called Hulk. That token pumped to whatever, I think it was like $18 million market cap.

I'm going to try to find the details. And then it dumped to pretty much zero. But the circumstances are pretty, you know, pretty fucking disgusting. So the token pumped and then, so Hulk was tweeting a lot of things about it you know how the the You know, it's kind of linking to a yeast coin linking to other meme coins

And I'll get others on the panel. It's gonna go through it and explain it a bit further And then suddenly all the tweets got did it suddenly there's some wallets that These bubble maps the guys that we work with that bubble mass kind of linked it to Hulk Hogan himself. And they sold about 15% of the supply. And then right after that, all the tweets were deleted. A post on his Instagram was deleted. And a link to the token on his website was deleted. So either Hulk Hogan rugged his own token. He also posted about Sahil, the scammy meme coin crypto guy that Iggy and I think Jenner blamed the rug pull on. So he hinted

that Sahil was involved. And yeah, there's two to three possible scenarios here. We've got either Hulk Hogan rugged his own coin, which I'm kind of leaning towards to be honest. Sahil screwed it, but it seems everyone's just blaming Sahil as part of the package by the looks of it. Or he was hacked, which just seems unlikely that his twitter was hacked his instagram was hacked and his website was hacked again i'm just assuming the news sorry again something like this do you think hulk hogan did it or do you think that hulk hogan's sitting like on a boat somewhere and somebody on his team decided to do this thing realized it was a bad deal and exited that my general take is like just like biden has no idea what's going on the white house some of these uh celebrities especially the boomer ones probably have no idea this is even happening

in their name it's like they have a business manager who's just like oh cool meme coins let's do that hulk you cool yeah and then all this happens and i like i very seriously doubt the whole thing aggressively deleting tweets from his Twitter account in the back. Yeah, it's a big conglomerate. It's a business account that runs all these celebrity tokens. Did anyone see that? Yeah, so I'm not surprised.

It's a celebrity manager that's running all these. Do you know who that agency is or that person? Do they all have the same manager? Is that what you're saying? They hire an agency, Tom? Like a bunch of them? It's like a consulting firm? Yeah, yeah. What's like a consulting firm. Yeah.

Yeah. What's his name? I'll, I'll, I'll get it right quick on. Is this, it's not Shahil, is it? There you go. Go ahead, Panos. Yeah. So thanks for having me.

First of all. It's Sharon. It's Sharon. Sharon Elkabas and his agency can you guys hear me yeah panos we can yeah so tommy thanks for sharing the name sharing alkabas if you can also dm it to me tommy i'll be i'll be uh i want to look into them maybe do a post about them but yeah panos go ahead man yeah i mean if you think about hulk hogan he's a he's a boomer i don't even think he knows how to even set up a wallet, to be quite honest.

I think what happens is these agencies get in touch with these celebrities. And, I mean, let's be real here. He's a bit of a B-list celebrity now. He's like Hulk Hogan was big in my day when I was a kid watching wrestling. Now he probably doesn't have much money. And someone's probably approached him and said, listen, we can launch this coin. We put your name to it. We put your face to it. And we can make a bunch of money and he's just like sure let's do

it i think that's yeah it's like yeah like a licensing deal exactly exactly that's probably what what's what's happening like trump nfts i'm not saying they're like scams or otherwise but like trump didn't uh go figure out how to launch an NFT in his wallet. He does. He allows people to use his name for royalty. Exactly. Another possible scenario is like they do this, like Hulk says, OK, and then they get an email or a call from their attorney. Like, what the fuck are you doing? And then they back out of it. Yeah.

I mean, listen, if this this whole like there's this new sector of meme coins that's emerging now these celebrity meme coins if this was like 2025 we're at the top of a bull market we're in that euphoria stage we've had a big bull run and this started happening i would see that as a top signal and i would exit the market but it's happening at quite early stage of this bull market i mean we've just had the Bitcoin halving. So I think this is going to continue. And I think we're going to see more of these B-list celebrities, coins launching, rugging. I think there is going to be a lot of like really bad launches. But at the same time, I think there is some potential here. If some A-list celebrities jumped on this train and

actually got creative with this, if Taylor Swift or Kanye West decide to launch meme coins, and they actually say, you know what, why don't we do this? If you stake a certain amount of these coins, you can get discounts to our concerts, discounts to our music, exclusive access to this and that. I think that could make something sustainable. But what I've seen so far, especially with Hulk yesterday, is just a lot of shady grifting and using celebrities' names to pump and dump coins. At the end of the day, though, why would any A-list like Drake or Taylor Swift touch anything like this?

They have teams that probably advise against it like exactly it's like a legal nightmare yeah i mean listen i think there was a time when there was a an argument and maybe it'll come back around where they could have started nft projects with communities that were much more controlled but like where they could at least make the case that it was you know you got tickets to a concert, you got to meet Drake if you own the NFT, something like that, a true more like a fan token. This is literally just like you put their name on it, it goes up and down with no utility, no promise, no access,

no exposure to their income, whatever it is. I mean, these are just complete, complete like jokes that are going to just go up and eventually inevitably sorry i'm gonna take i'm gonna take an opposing view guys if i may um like so all the valid examples and like i've shared even other scam like attempts floyd mayweather in the the from zach xpt is who's doing a great job investigating this stuff but iggy uh I don't know if you're looking at Iggy Azalea. She is out executing a lot of crypto founders on this game. And on the topic of utility, she's released a merch store,

which is token gated. So you can only buy this new line of merch using that mother token. So I think she proved a lot of people wrong over the last week. And, you know, there are pockets of like optimism here. Well, she obviously has a market. Let me go into it. Let me get into this, Alex. So I want to look, I want to understand the model a bit further

and where it could work. What could differentiate a successful project from a failure? So I went through and I try to find the exact numbers. Scott, I mentioned it in yesterday's show. But essentially, if you put in $1,000 at the launch of every one of these spaces, sorry, one of these tokens, the celebrity meme coins, you would have lost 60% to 90% of your money on all of them, except Iggy.

Iggy is sitting at, as of a couple of days ago, sitting at 5x. It was at 5x yesterday. Yeah, exactly. So can you give us a bit more insight, Alex? What do you think differentiates it? Do you think some of these tokens that are launched with the intention to rug,

or is it just a failed project? They launched and they failed pretty quickly, like most meme coins. There's definitely some outright scams, and I think people have called out some bad actors that are the common thread in a bunch of these. So that's definitely some outright scams and i think like people have called out um you know some bad actors that are the common thread in a bunch of these so that's definitely one segment i think there's another segment which is just incompetent execution like they want to do all this stuff but they can't do it fast enough they can't spin up a telegram they don't know the

crypto twitter kind of um vibe and expectations and how to engage with that audience and then there's a third bucket of people that are actually competent and capable of doing it, which is, I think, in the very, very small minority. Yeah, let me mention some numbers for you here. So I've got them. Caitlyn Jenner, if you put in $1,000 on day one, is sitting at $175 now. Rich the Kid, which I think did an NFT project. Zach XBT, someone pinned it, called him out on an NFT project that failed as well in the last bull market.

As I said, this is the same thing as the NFT projects that failed in the last bull market. $1,000 went down 50% if you sold it a couple of days ago. David Du is down 90%, almost 90%. Floyd, of course, down 95%. And Moneybagg Yo is $44 at $1,000, so it's like 99%. And Trippie is down about 99% as well. Iggy is sitting at 5X. So out of these, Caitlyn Jenner, Rich the Kid, David O, Floyd, Moneybag, Trippie, and Iggy,

which ones would you say are dead and nothing's happening anymore? Which ones are still alive and they're trying to revive the project? I think Jenner is still pretty active. We're talking to her about having her on the show. But Floyd's token, David O's token, and now Hulk Hogan Hogan's are they just dead tokens and that's it. Hulk seems it's dead. You know, the 15% in those wallets that are linked to Hulk or whoever's behind it. And how steam sold the tokens how deleted the tweets and status all scams I'm guessing assistant

exit exit scam, but with the others that I've mentioned other than easy any that are still legitimately legitimately building. I don't think so. I'll let someone more informed comment, but I'm pretty sure... Cesar Plasma. Cesar Plasma? I haven't seen anyone else doing it correctly except her. Except her. And Plasma, what do you define as correctly?

What is Iggy doing that the others are not doing? She's creating content like 10 hours a day, standing behind the token and just keep pushing it. Hold on, sorry. She's creating content for the token? By content, I mean just posting on, like bull posting on Twitter, similar to how I was bull posting last year.

So she obviously has an agency doing it. Is she part of the same group? Let me go to, sorry, I think it was – come up with panels. She's twerking with a contract address. It's pretty twerking with a contract address. Tommy, just a quick question. Is she part of the same agency that you talked about earlier that launched all the others or she's separate? Yeah, yeah.

Look at that DM I sent you, Mario, and it will go into a little bit further um on the picture but yeah it looks like she's a part of that same agency but she i mean she's bringing flesh motive you know shaking her ass you know the sex appeal um you know most of the the cryptocurrency space is men so she's just bringing this this hype game and uh you know calling out big names in the space and uh she's doing pretty good but whoever what we're saying she's doing pretty good it's obviously the team behind it she probably barely knows anything about it um yeah so the team behind is doing pretty good um so would you say tommy would you say i'm going to go to caesar would you say there's a future to these type of token launches, the celebrity meme coins?

Or is it just a small fad that's going to disappear very soon? I think it really more is just getting, you know, there's like, what, 6% of the world holds cryptocurrency. So I think it's more of, I think it's good for getting that other clientele into the space. And I think it's good for that, that reason alone, but, uh, I definitely want to see a lot more of these agencies seeing, uh, Oh, well, uh, well, we were able to get X amount of money. So, you know, let's do, let's try it. So it's all about delivery and how they're doing it and which one works the best. Caesar,, let me get Cesar's thoughts on this as well. What are your thoughts on the launches so far?

Because, you know, we've dismissed meme coins where they were getting traction and Ryan likes to point out how me and Scott were against having a meme coin on the show a few months ago, let's say about eight months ago now. And then obviously now we've got a lot of, I don't know about you, Scott, but we've got a lot of meme coins come on our show.

We've got the meme coin show, which is the biggest live show about meme coins. So we're all in on that space. Yeah, not really me. Not really you. You're too good for us. Cesar, celebrity meme coins. Should we dismiss them? Or could they be a segment of meme coins that is here to stay?

By the way, Rand yesterday made a very strong point that they shouldn't even be considered meme coins but i guess that's a debate yeah but i don't think i don't yeah celebrity social token yeah i think it's a very very it's just a it's sort of a different like sub genre but it is i'm just saying but but just quick like mario this is kind of on topic, but you were hacked a little while ago, right? I was. So how did that happen? If you don't mind sharing.

It was a, I've posted about it, I think, but I didn't mention who it was. So it was a Twitter employee. His account was hacked. So Twitter employee, and then he DM me a link to a sheet sheet and then one of my team members clicked on the sheet and filled some details including the 2fa and stuff She's a bit silly on a fake website and within an instance They had access to my account, but they didn't do much so I DM the Twitter team and they froze it in like three minutes How are you able to DM the twitter team though like under what

alias i just dm'd it now i work with them pretty closely so i just messaged them on whatsapp and they they locked it and um but they the the hackers all they did was block elon which makes zero sense that's all they managed to do now what were they planning to do afterwards i have no idea but all they managed yeah luckily but mean, that's kind of on topic because, I mean, the Twitter CEO before Elon, he got sim swapped, right? I didn't know what your case was, so that's good to know that that's a possibility now,

but these hackers are very creative. So I'm always open to the possibility of these accounts being hacked as well, but I just feel like it's so... It's so useful. But Cesar, his account... Sorry, bro, just so you know with Hulk at least his Twitter account, Instagram account

and website had the token no I know I get it but like if you're able to sim swap someone you can get a hold of all their socials pretty easily so anyways like the point being a lot of people like to say you know oh it was Sahil that did it as if like there's some certainty but I'm

just always kind of skeptical of everything I'm like like, okay, it could be hacked. It could be the real person and they're just brain dead. Could be Sahil. There could be the assistants are in charge of it. There's, there's so many possibilities. So when people talk like they actually know what the situation is, it's kind of, it's kind of lame. I've been in there on the ground floor on a lot of these. So I was there for Jenner. I talked to her several times. I think I kind of gave some great proof on why Jenner might not even be running her own account. I can kind of go into that story later. But yeah, even Soulja Boy, I was in Soulja Boy's spaces. And he was kind of, he kind of knew I had some expertise and was asking my opinion. And all I told him was, you know, don't launch right away. Focus on figuring out how this space works. how this space works educate your audience and you know that's kind of the right way to do it and

you really have to think of the intent of these celebrities right so none of them launched these tokens kind of like sporadically they started talking about crypto they started enjoying it and they came into the space it's more like jenner token blew up and all of a sudden they all ran here so to me, they're going to have a very hard time convincing me that their intent is here for the crypto space. The intent is here for their followers. And like someone like Jenner is just, it's just a tragedy because, you know, they come on and they blame the Sahil guy, right? And oh yeah, Sahil sold. I mean, we're legit, but Sahil sold. We're going to push this solana token and the thing is you're pushing

a solana token with zero percent ownership of the token they claim to have no token so like how do you feel comfortable pushing something where you have no idea where the supply is it could be in snipers hands it could be in kl's hands so to push something with a big reputation on it just makes absolutely no sense and then if you followed what happened i mean they they relaunched on eth they said they were going to do buybacks on the solana one and then all of a sudden they come back like several days later and they say so he'll has 18 we're not going to push the solana one blah blah blah when they're in the solana space basically bull posting and saying they're going to push it and then on the ethereum launch they said they're going to do

buybacks onto it and they've been talking they've been talking about the, you're talking about the Jenner, you're talking about the Jenner token. So essentially what's happening with the Jenner token now, did they launch a new one on Ethereum? Yeah. So they launched on Ethereum. They had taxes on it, of course, farmed a bunch of tax money. And then they said, you know, at a hundred million, we're going to spend this. It's like, well, what if you never get there?

For one, they committed a federal crime live on spaces. I mean, they talked about profit expectation. They admitted to owning the token there's a guy grilling them who took down a very very very big coin before uh safe moon so uh you know they're just playing really stupid at this point uh so i actually asked caitlin jenner um i kind of said hey in 1976 you know when you broke that uh what's it called javelin record uh threw that thing 55 meters like what was going through your head and she started talking and talking i said actually you threw it 68 meters and that's why i'm always open to the possibility of like voice changers because that's an olympian personal record and they're off by 13 meters right but it

doesn't prove anything 100 i remember that i. I remember, yeah. My team was also very skeptical. They posted a lot of tweets that went viral that we removed them based on Jenna's request. But they posted a lot of tweets. Yeah, it's just super unprofessional. But see, they're just moving away from these instances. First off, I'll tell you my number. We should chat more often. You seem to be very knowledgeable of this, so I've got a few questions for you.

But more importantly, just going back to the whole narrative of celebrity meme tokens um first would you agree with brian i tend to agree that these are not really meme coins they're more social tokens and do you think this is the beginning of something a lot more interesting than just pump and dumps yeah so that's a that's a good question for sure man i mean i guess i could still consider the memes in a way I mean you could still mean that but yeah it's it's I like I don't like putting labels on things so it's a tough that's a tough one for me man I don't have the perfect answer but do you think and but the second question is the more important one and then I think yeah but do you think they're here to stay do you think it's just an interesting asset class well that could have more legs or it depends on the intent right

if they're just here to make money and like they're putting no responsibility into it i mean i was going to say with the jenner thing right like she got burned by sahil is the story and then a day later she was working with one of the scammiest dojinal doj nft collection guys who have just been running scam after scam so it's like why do you just jump into something after getting burned by someone you kind of know, and now you're just taking chances on random people in crypto. So if they do it the right way, there's potential for celebrity coins. And, you know, I try to see the good in everything. So as of right now, I think the only reason it's been a good thing for the space is it's made people realize just how crazy things can be.

Not to trust people like don't trust any Twitter account. I already said, like, I don't care how big the account is. I'm going to be a little skeptical that it's really them just based on everything I know about, you know, profiles getting hacked, SimSwap and this and that. So I think there are positives to everything. And with celebrities, it's like, yeah, we could onboard a bunch of people. We could, you know, put it in movies and things could really get cool and viral.

But I mean, they'd really have to do it the right way. They'd have to educate their audience, not launch on pumped up fun. Like, are you serious? Like when people say, when I first heard Caitlyn Jenner launch, I was like, okay, yeah, bullshit. And then when I heard pumped up fun, I mean, I was just like, oh my goodness, like of all things. Yeah. So just a heads up as well like we in terms of celebrity accounts getting hacked a lot of people reach out to us whenever they get hacked

for for whatever reason and you'd be surprised how many big accounts get hacked now by the way don't reach out to me because we never help because otherwise it'll become tech support but it gives us an idea of the amount of accounts that get hacked and it's a process to get your account back with twitter so it's not easy to freeze it. You should ask them kind of how they did it because there's a lot of different ways they do this stuff. And if people knew it, I mean, most people aren't going to have to be that scared of getting hacked, like some smaller wallets, smaller people, whatever.

But, I mean, you never know. So I'm always looking for those stories. Like, I'm glad you shared yours today because I've never heard of that one specifically. And it's important stuff, in my opinion. And that's what the celebrities should be doing, right? They should be educating people about crypto, especially their own audience and showing that they actually, you know, they care and they're going to do it the right way. Like, how do I know some of these broke guys like Soulja Boy aren't just going to make five million off his token and then go back to his party lifestyle, you know? Yeah. And let me go back to my question flea um and then and then we'll go to plasma panels and tommy is that do you think these are um first are they meme coins

or social talkers if they're social talkers is that the beginning of a new asset class is that just another round of pump a pump and dumps um that will you know disappear in a few weeks i just don't understand how how no one's talking about are these securities or not? Because at the end of the day, it's like you can label something whatever you want. It doesn't change what it actually is. That's like human traffickers saying,

no, we run a dating service. It's not human trafficking. You know what I mean? It's like you just can't label something whatever you want and it changes the definition of it. So i think it's only a matter of time before we see like some of these like b-list celebs get dragged through the mud by like the sec or something and then that's just gonna like shut the whole thing down where like no other like actual celebs gonna want to touch this shit you know yeah so so so first scott what Scott, what would you comment on? I know you're not a lawyer, but whether it's a security or not.

Hard to tell. I think it depends on how they're launched and why people are buying them. But I mean, we have a lot of precedent from the SEC, obviously, Kim Kardashian and others. I mean, Kim Kardashian transparently promoted Ethereum Max. I'm not saying Ethereum Max is credible by any stretch. Maybe it's an outright scam. But if you guys remember the story, she posted on, I believe, Instagram or TikTok about Ethereum Max. She said it was a sponsored ad and she had paid over a million dollar fine because she didn't disclose how much she was paid when disclosing that she was paid without admitting guilt. So if you're promoting a security in theory, you have to say that you were paid, but also

the amount that you were paid. And by the way, the real crazy part about that is that she was charged for promoting unregistered security, but the SEC never has gone after Ethereum Max or deemed it an unregistered security officially. So it's like, take my word for it, bro. Right. So we don't have clarity on what actually is or is not a security in that regard. It's just you take the SEC's word for it and settle.

That said, I think that people are likely buying an Iggy Azalea token because Iggy Azalea is involved and is actively promoting it. So even though it may not be launched like a security, one of the definitions can be the expectation of profit based on the promotion of others. Usually that's an entity. It's a really gray area is the answer. And I think it'll take the SEC a long time to catch up to one of these but i do think it's absolutely inevitable that they try to make a an example of somebody at some point whether they're right or not it seems it seems to me that the the celebrity tokens are just a digital version of the fire festival like you know the fire festival still actually somewhat

happened there were tents on a beach and some sandwiches for people. But in the end, those involved with the Fyre Festival went to jail. So, you know, be careful. It just doesn't seem like, you know, there's a larger trend here. These are B-list type of, C-list, D-list types of celebrities who probably need some cash. I wanted to ask you also, the thing is, like, a lot of these celebs, they're not just, like, loading up Pumped Up Fun by themselves and just, like, launching a token, sharing it with their followers and saying, hey, this is my social token. You know, don't expect to make any money. No, there's, like, people, like, that have inside info. They snipe the shit out of the supply. They're dumping it's just like it's so shady well and if the hybrid

whether it's an unregistered security or not there's clearly risk right there's clearly risk that you're doing something that does not uh align with uh the regulatory standard so it's just it's risky for them it's hard for us to like define it though right because the sec they have enough trouble defining this shit themselves i mean they're constantly yeah we can't right we operate in the everyone in this industry operates in the gray in the united states obviously so but so that becomes how desperate are you as a celebrity to test the waters of that to make some money right and if the high bar is at this point that iggy azalea's token has lasted a week and she's selling some t-shirts i don't know say that out loud again right okay so so the the token hold on the token's ongoing or dead it's going wrong man like it just hit 200 mil but the thing

is like iggy's talk is at 200 mil yeah like it, like dips to 50 and they're going through like tough times and you have to be like creative and people are bored. Then we'll see what she's made of or whoever's running that account, I guess. See, if I think, if you said everybody pulls it off long-term, if it actually works,

I genuinely think, not sure about you, Bullish, or Alex, or Tommy, but I genuinely think this could become... Like I'm a big fan of social tokens and, you know, other platforms like Big Cloud is probably the biggest one that tried to do this. And we have friend.tech as well that is trying to do this, but that could be just a direct to consumer way for, for celebrities to do it by just launching their own quote unquote

meme coin that ends up being there, you know, representing their social capital. So I think if a celebrity, if Iggy continues pulling it off and does more things and the token continues to do well, then other celebrities could actually follow her footsteps and do it properly and that i'm bullish about um sorry last thing i want to add but here's the thing like you have like actual celebs like again like say like a drake or taylor where like they can just print money with their content with making music or touring or they their their there their income hasn't dried up I feel like this this mean coin thing is attractive to all of these like C-list celebs were like their avenues of revenue have dried up because like nobody really buys their shit anymore so it's just like one last

day depending depending if I think these biggest celebrities will get into it if the liquidity goes up if they start you know if they can actually make a lot more money if you're looking at you're making not eight eight figures you know making 10 20 million out of it then you can see those top tier a-list celebrities getting into it um we know we saw some top tier celebrities getting into nfts indirectly through you know becoming uh spokespeople whatever you call them ambassadors like eminem and snoop dogg for board api club but that only happened once board api club was worth you know had, had billions in their coffers or hundreds of millions in their coffers.

So in this case, I think it's just too early now for the top ones to come in, but it's an experiment and you've got those B-list, C-list celebrities doing it. So I'm actually genuinely interested to see where this goes and I'm a lot less pessimistic than many. I wouldn't just label them all as pump and dump.

Yeah, and Mario. If you remember when we said we were going to do this spaces, I was asking a bunch of questions and you kind of said, hey, let's wait till we get some experts. And it goes to that security issue, which was the question I was asking before we kind of moved on. I think the security side or how this would be viewed from a regulatory perspective largely has to do with how they're launched. And I don't understand the mechanics of it.

So remember we said like how much mother does Ziggy Azalea actually own? And I guess that lends the question, leads to the next question, which is, at what point did she get it? Did she buy it after the launch? Was it sniped? Were these coins gifted? Was their supply already allocated before the token launch? Because I think a lot of that matters. Does anyone here know the mechanics of launching a celebrity token? How those tokens are distributed and to whom and when that happens versus the time of launch? They do it on PumpFun. I mean, that's how they're all launching them. I think they launch it in that sense just because it's pretty much anonymous. You know, it doesn't matter. I would say if you go and post on your ex and say, hey, here's a pump fund link, it's still anonymous.

I mean, there's no wallet attached to a social security attached to a name. So pump fund is the easiest way, and that's how they've been doing it. And usually at pump fund, you have the opportunity after you click the button to create the token, you can purchase, you know, however much of the supply you want. So initially the original… But they're buying it. Yeah, absolutely. So the implication is that you can only have bought drones. Yeah, absolutely.

You would have to. You 100% have to buy your own token. Yeah, but if you look at Hulk, for example, if you look at the… I mean, everything's on the blockchain. You can pretty much see what's going on. The problem is you can't really attach a name to the wallets. But if you look at Hulk, they launched Hulk in the first five minute candle, maybe four or five wallets bought up the majority of the supply. They sniped it. And then those were the wallets that dumped on everybody. So the question is, who owns those

wallets? Can you attach it to Hulk is who owns those wallets can you attach it to hulk hogan probably not the agency that is working with is most likely them but again we don't really know who owns those wallets and that's what you see with these coins it's it's like they they claim they're a fair launch but they're launching a crime but somebody knows they're launching right right fair launch is a kind of a loose term because it's fair, but it's not coming out of vapor. Well, like you said, I mean, they have to own a bunch of supply if they're going to be launching a token in their name, right? And only, there'll be a lot of different celebrities launching, but only Hulk knows what the right one is or the account from Hulk. So, you know, they have the first information on which the legitimate Hulk Hogan token is going to be.

They know the contract address before everybody else does. So that's why, you know, that also, I kind of forgot about that earlier, but, you know, Hulk Hogan using a bundle sniper on Pumpfong, like, I don't think that's very likely. But I think Floyd Mayweather is kind of above C and D list celebrity. So I think he's got to be at least a B. I mean,

maybe he hasn't fought in a while. I don't know, but I mean, his token was a pretty big failure. And like the thing I'm struggling with too, it's like, they kind of could be meme tokens. If these celebrities wanted,

it doesn't have to be about the celebrity. So kind of egotistical, like why would Caitlyn Jenner name it after themselves without the like reasoning of proving like, Hey, this is what I think this is like, hey, this is my... I don't just name it LGBTQ and try to start a movement.

That would be a meme coin. I think this is why Rand's point that these are social talkers, not meme coins. Plasma and Alex, I would love to get your thoughts on this. Maybe the question... Yeah, go ahead, Scott. Yeah, Mario, I just wanted to add something. Go ahead. It's a different topic, so go ahead, Scott. Yeah, Mario, I just want to add something. Go ahead.

It's a different topic, so go ahead. I'd love to jump in, Mario. Oh, go ahead, Blasman. Go ahead. Yeah, sure. I just want to bring some statistics from the exchange side. Yeah, please. Because I have lots of stats for you.

Please, now, go ahead. Give us the statistics. Yeah, so first of all, I want to share that whenever I know, whenever I look at something, I look at it from the SWOT analysis, right? So you look at the strengths, the weaknesses, the opportunities and the threats, so that you can look at this from a short mid to long term. But I must say something, guys, first of all, it's important that we do not compare different celebrities in different cohorts, someone who

launches an NFT, a marketer and someone who launches their own coin are all separate cohorts. So who launches an NFT, a marketer and someone who launches their own coin are all separate cohorts. So it's very hard to compare things that are completely different, right. But I think when it comes to the exchange side of things, I must say, since the day before yesterday that we listed mother token 90% of all trading volume of Swiss Borg is into the mother coin. And I think one thing that's absolutely amazing and mind-blowing is that this is a new era, guys.

You cannot compare this with previous coins because right now, mother has $35 million on chain. We're talking about clean liquidity, clean trading volume because we know that all the exchanges, I mean, mean 35 million dollars just to give you guys a little bit of context that's more trading volume than imx than immutable x which is a top 50 by market cap coin so you're the one behind mother you're saying yeah mother is mother is iggy's iggy's okay so what's your what's the first one guys hold on guys guys so so just can you go back alex

so with the with the your message self-sufficiency which i appreciate so i can continue with that and then tell me your full stuff what are you trying to say like so what what i'm trying to say is you know as you guys know mario right with the centralized exchanges there is at least you know 50 to 90 percent of fake volume right so the crypto community is actually a lot tinier than we believe, right? The volume is fake for most exchanges. There's lost trading, market makers trying to make it look sexy so that people go and trade on the platform, right? But $35 million of real on-chain trading volume,

which, by the way, is the cleanest and highest quality of trading volume, because every time you you trade something, you have to pay a fee, right? You could potentially start wash trading, but it's very stupid. And you would be noticed very quickly, because everything is transparent, right to Solana. So I'm just saying guys, that here is, it seems like this could be the page of a next chapter i mean if this succeeds in the longer term if we're looking at the opportunities and a lot of celebs are looking at this and imagine someone else comes in right is is finance changing before my what is new about this i like i'm confused about what is what he's a mood defining about this

he's just numbers at us about iggy it's one token all of them have been shit people's trusts have been lost i mean but then again with the startup startup success uh crypto non-cryptos what 95 percent fail so then that's what i mean like a lot i mean that's not if you look at it but no it's not justifying so you look at me i'm saying that just if most of them fail doesn't doesn't mean they're all going to be, the whole concept, the whole narrative is just a pump and dump. So meme coins, for example, 99% of them fail, but I think now it's a respected asset class by most.

So I mean, like, is the celebrity meme coin concept, could that become a respected asset class? Alex, I think what you're hinting at is that yes. If they did it right, but none of them are doing it right. Like, why would you launch crypto when you know nothing about it? Like, why would you use outside agencies when you realize most of them are like very scammy liars? But that's, but yeah, but Cesar, you said most of them are very scammy liars. You should try to find the ones that are respected.

Most of the crypto agencies are scammers liars, but you can't launch a token without a crypto agency. I don't know know like one agency i would recommend to be honest i mean like you said with twitter it takes one bad intern and so yeah by the way this is no public endorsement mario this is by no means a public endorsement i'm just throwing out facts and statistics right but what i'm saying is this could be the beginning of something interesting is iggy going to completely dump and leave the the industry as soon as we hit a bear market it's highly possible does she have the gut to take what everyone takes here if you think at this point iggy azalea and whoever the hell is managing

market making for her and her supply has not walked away with millions of dollars at this point you're out of your ever-loving fucking mind dude no man i think guys guys yeah i think what matters in my opinion what matters is the the intention of the first of the agency doing the right thing and then the intention of the celebrity is that a quick buck or they want to yeah that's what i'm saying so there's no reason for a dump like you know she's probably made her money you know i've you know she's definitely made her money at this point so yeah um scott i want to i want to move to we've got a let's just get some quick thoughts here from tommy and then i want to move to to uh uh public yeah just to piggyback on what

everyone's saying i mean it's an attention economy i mean this is some of the greatest marketing probably ever i haven't heard of iggy in like years and or thought of her once and now she has all the attention on her so i mean it's it's a great it's a great way to get your name out there long story short very short comment it is but i guess the question and what i was gonna say before mario before we move on it's like is it like is this marketing to anyone i i feel like this is just the same crypto g gens that trade meme coins trading these coins and there's no new money coming in from these people actual fans and this is not drawing any attention outside of our stupid

little echo chamber like this is not making iggy azalea relevant again unless you count a bunch of like dgen crypto traders as like a huge audience that's going to come to her concert or something i mean it's stupid they're not bringing their fans into this they're capitalizing on liquidity that exists in the casino to make money themselves 100 man i'm so glad you said that i mean if you even go to google and you try to find out if caitlin jenner accounts compromise, like all you see is crypto news. You don't see anything in the real world. Every single person I've asked, I've seen Soulja Boy fans, Iggy fans, whatever.

I asked them what they think about the token. They have no idea about it. So I think you're 100% correct in that. But also on top of that, people are so concerned with onboarding right now. And I'm like, no one one's gonna stay when they come here and they see the slurf dev burn 10 million dollars and laugh about it and they see celebrities like rugging people day in and day out and all this crazy shit so it's like how about you focus on making the space better so that when they do come they stay for a while yeah but what i agree with

that said that said like 99 of the percent of people are never even going to know that any of this shit exists. This bullshit goes on in the real world too, man. It doesn't have to be a token. I know, Mario, you mentioned social token. They can have points if they want to give their fans something. Game companies do it all the time where they have things that you can't hack and stuff like that. So it's like you don't need to financialize everything because once you financialize everything, you start to attract the worst kinds of people for the most part. Oh, you can make soul bound tokens. Yo, real quick, Mario, is that you in my Twitter DMs or am I dealing with a fake?

I mean, it looks like the same ad as you. It's got the NFT picture. Is it Roundtable Space and that's me? No, it says Mario on the Fall. It says, hey, we should chat and then a number and WhatsApp. Oh, if it's from my... It looks like 100% like that.

That's what's crazy. If it's from my... It's not a scam, Scott. Scott, just ease up, guys. Fleet, is that from my account? If it's from my account, it's from my scam there's a scam scott scott just ease up guys fleet is that from my account if it's from my account it's not a scam it's probably the team i'm like hey guys i want to chat to you guys then because if i click on the message that i got sent from it takes me to i'm assuming it's your profile or a very good fake is it my handle or not it's very easy to verify well it says mario nafal looks the exact same. I can't as you Caesar

I sent you the message personally during this place Yes, so Scott I'll give you the mic That was you're talking to Mario awful There's no end look at the the, look at the username. It's Mario awful. Yeah. Let's, uh, yeah, let's move on obviously. So guys behind the, uh, the tri arch public account you see up here is actually one of our very, very regular esteemed guests, uh, Andrew AP abacus. Uh, do we, Oh, let me get Tillman up on stage. Uh, can you guys please bring up a Tillman who's requesting, um, Mari, I can't seem to do it for some reason.

I don't know. Maybe we have too many people on stage. Sure, Norris. I'll bring him up. Tillman, yeah, we have too many people on stage. Yeah, try to bring him up now. I just brought down Bullish Trader. He's a good friend.

He's true. Okay. So, yeah, that's Andrew speaking. You might have recognized that voice behind the Triarch public account. So I brought these guys on today. Actually, I know they're kind of listed here as a sponsor. It's not really the deal. I just wanted for them to be able to break down what they do.

It's been astounding. So I brought them on about 45 days, 50 days ago to my YouTube show. And then we kind of decided we were going to live trade with their algorithm, a $10,000 portfolio. And by the way, it's trading equities, right? Not crypto, although there's an element where because of the mechanics, you can take your profits into Bitcoin each day. But that portfolio now stands up over 20%, which if you're trading equity, it's astounding in 45 days. And they can break it down how it works. But effectively, it's like a hedge fund in your pocket allows retail to have the same access to high frequency trading as hedge funds and Wall Street institutions that have the edge, obviously.

And it's just something that's been awesome. And I wanted them to be able to share it with you. So we've got Andrew here and Tillman. Tillman also ex-superstar lineman for Texas Longhorns. We're going to hook them, even though I'm a Gator fan and you guys are in the SEC now. So I can't really mess with that. But also long-term Bitcoin miner. Is that a good enough intro guys thank you i appreciate it glad to be here yeah that that's a good intro scott i was hoping my uh uh my voice for radio uh would give me away here on our our most conspicuous voice we have on stage on our our public account but we're happy to be here um you know, the work that we do, you know, over four

years developing algorithms that kind of break down the silos that exist in traditional finance. I don't know if most people know this, but 77, closer to 79% now of all trades that happen across the globe in traditional markets are algorithmically generated. If you go take a look, for example, and Google what's happening at the CBOT in Chicago, nothing's happening there. There's no more people in that pit. It's now a museum. So algorithms have, for all intents and purposes, taken over the idea of trading. And Tillman and I, we went on a journey four years ago to find a way to bring that technology to individuals, to retail folks, so they could find a way to have the same advantage. And we've been able to do that.

And we started the journey, and this is something that I like to say to anybody that we talk to about our products, we started the journey with liquidity. And what does that mean? That means that at all times, in all places, and everywhere, you have access to your funds 24-7. We don't take custody of people's funds. This isn't a hedge fund. This isn't some sort of send us your money and we'll give you a return and we'll tell you about it once a month. You open an account, it's your account, and your money is liquid on a day-by-day basis because all of the trades that our algorithms commit are intraday trades. So, you know, we started there and the performance has been the performance. You can see a lot of it on our Twitter page. You know, we're just excited with what we do and how we do it.

Been onboarding customers like crazy, and it's been a unique journey. Yeah. And there's really one more thing I would add to that is, if you look at the... Most people know that trading automation exists. Most people know that high-frequency trading exists, but they've never gotten their hands on it. They've never gotten to roll up their sleeves and, as a user, control it. And that's what we're bringing to the table. We're bringing the technology as a software developer to our user base. The user can run it locally on their hard drive at their house. They can have an execution partner of TradeStations run it for them.

So it's completely hands-off and you check your balance on your TradeStation account once a day. But it's something that you're not going to find if you've ever heard of automation before. Most automation is Forex. Most automation requires you to put your money overseas. Most automation requires some sort of secrecy as it pertains to holding the code or the IP. We are the exact opposite of all of those things. You have a U.S.-based customer support team in TradeStation. You have a U.S. customer support team in us. And you also, if you choose to go with an execution partner, you have a US-based support team in that execution partner.

And all of that lends itself to an educational process that is valuable, that it's hard to turn away from once you start finding out what's behind the curtain as it pertains to the tools that are accessible to you. And so one of the examples and one of the ways that we highlight this is we've started with Scott's audience as gap traders and trading the gap is a very well-known strategy. It's not too difficult to understand. It's basically trading the gaps that exist in the market because gaps are inefficiencies. And historically, they tend to fill versus not fill. And so if you take a position in that, what's difficult about trading the gap is that you're trading the opening bar of the market. And you have to wake up and be ready to trade the opening bar. And then once you're in

the trade, you have to do the computations necessary to set up appropriate risk reward ratios and your stop losses and your profit targets. And all of that is taxing on the human being. It requires a level of expertise and a level of time commitment that most people won't give. So what does automation allow you to do? Well, it allows you to come up with what you want from an execution perspective before the trade takes place, before you have to wake up at 6.30 and start doing the math. And you set it and forget it. And you sleep through the trade. And you don't have to ride the emotional roller coaster.

And you don't have to trust yourself not to break your own rules. And you take the human emotion out of trading. And what it also allows you to do is layer strategies on top of one another. So let's say you have a strategy and we have lots of these that take very infrequent trades, like one or two a month. Well, you can't make that your mainstay as a professional day trader, or you're going to sit around and watch 19 days of the market go by with no trades, and you hope that you didn't get bored enough to enter into bad positions along the way and make stupid, stupid trades. But when that opportunity presents itself, you have to be there and you have to be ready for it. Not if you're

trading automation. If you're trading automation, you can have nine great setups that happen infrequently that are all sitting there ready with their finger on the trigger based upon the math and not the emotion. And then it enters that trade for you and you get to see the consequence that the big boys use to manage that risk reward ratio that's hard to compute in the trade. Yeah. So just to like put some numbers to it, you guys just basically made this available to the public. You guys can check it out. Thearchpublic.com, try it, or follow the account up on stage to check it out. But 140% annual rate of return over 10 years. Yeah. And actually using this for 10 years, it was just for yourself. Yeah, that's correct. And, you know, we stand behind those numbers. And so let's talk about math because this really is a math conversation.

And the math is, it really maths here. So there are four different levels of math that just in our, you know, entry level product, our MES gap product, there's four levels of math. The first level is this. That first level is over a 25 year period, 64% of the time, the gap that exists from the previous day's close to today's open closes 64% of the time. If you were to only trade that particular piece of math, you're going to win. Another layer of math, 58% of the time, that algorithm is producing profitable trades. There's another layer of math. 58% of the time, that algorithm is producing profitable trades. There's another layer of math. The next layer of math is our algorithms are coded in a way that you're talking

about two and a half to three in terms of profit factor, 2.5 to 3.0. So in other words, every dollar that you bet, you're going to lose a dollar if it's a losing trade, but you're going to win two and a half to three if it's a profitable trade. So there's three levels of math already that if you only use that level, you're going to benefit. And then the fourth level of math is something that we call the martingale. So if you lose a trade and you lose 100 bucks, the next day it's coded into your algorithm, the next trade, you're going to bet double the amount of contracts. So you're going to bet $200. And if you lose again on that trade, it's going to double up again and it's going to bet $400 the next time. So there are four levels of math just in our entry level product that allow you

to win. So 138.8% on an annualized basis, we stand behind those numbers. It's like Andrew's talking about math is discipline, right? If I go into any trade, I need to know where I'm going. You don't enter into a trade and not know what your potential losses look like. Unless you're buying a Giazella mother token. Well, listen, don't get me started on this. A very interesting conversation. I had my hand up to actually try to throw a comment in there about that. And I do think Mario's right there. We can't throw the baby out with the bathwater in the instance that if an a-list celebrity took the initiative to make all of their followers rich instead of make themselves rich in

the launch of their social token that would be the most powerful mechanism that you could ever have as it pertains to goodwill and future purchasing power from those fans. And if you did it successfully enough and made enough of your fans wealthy through that endeavor, you could raise ticket prices to insane amounts and they wouldn't care. So I do think there's something to be said there, but we'll find out what the future holds, I guess. But yeah, trading with automation is something that everyone, if you haven't seen it before, you should see it. And that's why we've made our gateway product something that has the lowest barrier to entry that we know about, which is $99 a month. So you can try it, you can see for yourself.

And if you don't like it, then you cancel it and you're on to the next thing that you are interested in. But we've seen enough response from the market and from our own personal selfish view that once you see behind the curtain, it's really, really hard to ignore. Because if you believe and have traded enough in human weaknesses, you know you have some. And this allows you to not be subject to them

in the middle of a high stressful trading environment. We're all walking human weaknesses. Can you guys talk about the Bitcoin angle? Because I love that. Yeah. So, you know, we love TradeStation. We have been partners with them for a long time. Know all of those guys.

They help tremendously on this front. And quite frankly, they've built their entire platform to accept automation. So this isn't something that we've bolted onto their platform. This is something that is native to the platform itself. And one of the things that's been really great about our products is if you're trading futures, which is what our products do, you have this tax advantage thing. I'm not a tax expert, but you can consult yours or Google 60-40 rule, which applies to the futures contracts markets. If you trade that, 60% of your gains are taxed at a long-term rate versus a short-term. So it's the most effective vehicle for short-term or day trading type of gains. So you trade futures, and then there's this bridge

to Bitcoin ETF. And we're in the process of finishing up a development where we're going to have a piece of automation that allows you to sweep profits from trading other things into a Bitcoin ETF every day and will dollar cost average you into that ETF position. So a real pragmatic, practical way to, if you believe in Bitcoin, to have something that's generating cash flow that allows you to then invest that into Bitcoin. You can also, I mean, you can also, that's all automated. Every day these positions close. So, I mean, manually, if you want to, TradeStation offers spot Bitcoin trading. So you can also buy spot Bitcoin rather than the ETF if you don't want exposure to the ETF.

Andrew, what am I missing here? Yeah, that's an important point that every day our positions are in cash across all of our algorithms. And the other thing to understand, too, is that all of our algorithms carry stop loss protection. So, again, our entry level product at 99 bucks, you're never going to lose on any given day more than 2% on your position. So stop loss protection is set there at 2%. So, you know, we'll have conversations with customers that come to us and are going to try our product. And, you know, they've had some experience in crypto and they'll ask questions like, you know, I'm really trying to avoid, you know, moments where I wake up and half my money

is gone. And we just tell them, listen, with stop loss protection, your risk is mitigated. Now, how is it mitigated? Well, if a bomb goes off in Chicago, that 2% stop loss is going to be filled before everybody else. There's no chance that you're going to lose 30, 20, 15, 50% on any given day. It's just not going to happen. So, you know, the interest associated with how our algorithms work, not only are the math associated with profitability, those four levels that I talked about, not only do those exist, but there's also, you know, risk management portions of our algorithms that execute on a daily basis. If there's a down trade, you're going to be out very, very quickly in an algorithmic way. But, you know, talking about risk, you know, these spaces, by the way, are filled with all kinds of risk and folks here are comfortable

with risk. So we build into our algorithms the ability to manage that risk. And if you think about it, given the profit factor associated with our algorithms at two ability to manage that risk. And if you think about it, given the profit factor associated with our algorithms at two and a half or three, that downside stop loss risk allows our runners to run to the high side and then to cut off our losers quickly, or else the computations associated with a profit factor wouldn't exist in the way that they do. So, again, the math works, right? And I would just say that I'm a little bit less absolute than Andrew on things. And I would say that, you know, if you saw GameStop get halted, there are anomalies in markets. Markets are living organisms.

And there are things that can happen that are completely outside of anyone's control. But what I can tell you is having automation as a first defense versus you sitting in front of your computer and your finger clicking the mouse, it's a vast improvement. So whether something happens in the market that causes you to have a big downturn or not, there's benefit having automation on your side on top of what you already have. I'd call it a belt and suspenders approach. Yeah, and a week. So it should be clear that at the most basic settings, this doesn't take that many trades. It really waits for the right opportunities and then,

you know, pursues those. And last Friday, I know one that got a lot of people excited who were subscribers, because I know so many subscribers now, was a huge trade to the upside. I mean, can you just break that down quickly? What happened on that? Yeah, so we had taken two previous losses on the S&P, and I think one of them was roughly 3%, and one of them was roughly 1%. And so, we were in the third step of the Martingale, which, as Andrew said earlier, it makes a larger acquisition of contracts, both long and short, on that third step. And it was a large trade, and it worked beautifully, and it went to third step. And it was a large trade and it worked beautifully and it went to our favor and it was a 12%, over 12% up day. And you were out in just over an hour

in the trade. So if you're comparing, I don't know what you're comparing, but if you're looking at highly liquid alternative assets, there's very few places where you can make 12% in a day and be out in cash at night. Across your portfolio, not just on the trade, like that was a 12% portfolio gain. Correct. It was a 12% at the entire capital that you had placed in your TradeStation account at the time. So it was something that got everybody excited. I can tell you, it's not something that's rare. Third steps happen if you do 10-year regression analysis, you'll see third steps happen in 20, 30 times over that time period, both negative and positive.

So if we had lost that trade, it would have been a loser and we would have gone reset back to the base trade, it would have been a loser and we would have gone reset back to the base units and we would have been back at it again. And with risk reward ratios being built in, it's just about staying in the game and having it be disciplined for you in the market every day. Math is so much more effective than human emotion. Go ahead, Andrew. Yeah, it's much more effective. And the other thing here, from a structural standpoint, like we get a lot of questions when people get on Zoom calls with us about, you know, well, how do I do this on a daily basis? And we simply tell them, you don't do anything. You simply sign up for the product, you deposit your cash into your TradeStation account, and then you use the execution partners, institutional execution partners that we partnered with with TradeStation, and you don't have to do anything.

You don't have to watch a computer. You don't have to watch your position. You simply allow the algorithm to do the work that it's going to do. So it's a completely hands-free experience. You don't have to turn yourself into a hardened day trader. That's not how it works, but you can benefit from the process of algorithmic day trading by being involved with us. And the highly liquid alternative asset kind of mantra, there's a reason that we use that. First of all, the returns are alternative asset-like, while at the same time, there's enormous liquidity in the reality of our products. You're in cash every night. You can push a button on your account and get all of

your money back into your checking or savings account in 24 hours, or you can call up Trade Station and you can have them wire them you the money and it'll savings account in 24 hours, or you can call up TradeStation and you can have them wire them you the money and it'll be there in two hours. So the liquidity is so much different than all other alternative assets. If you put $10 million into a private equity fund, you're locked up for at least two years.

If you put $10 million into a hedge fund, at minimum, you're locked up for a full quarter. And at the end of that quarter, you can make a redemption request and they have another quarter to fill that redemption request and send you back the money. Not with us. You get the performance and you have access to your money 24 7. You're trading it. Yeah. Yep. Anything I missed here, guys? First of all, I want to, you know, it's The Arch Public for the website, correct? Yes, that's correct. And then thearchpublic.com, but you should follow, try Arch Public's account on stage if you guys want to check this out.

You guys just, you'll actually break this down directly for people, correct? I mean, they literally set a meeting and talk to you guys. Yeah, we love educating and talking through this. So anybody who has questions, please schedule a meeting with us. We'd love to chat. Yeah, and I ask you guys to follow the account on stage for more information. Guys, anything else? Any last soft pitch before we close up for the week?

I would just leave everybody with I really love the space. Keep it up. There's a lot of smart people in here. Love the commentary by everybody. I get a lot of value out of it. So I really appreciate you guys carving out some time for us today and letting us speak to everybody. Awesome. Thanks, Andrew. We're good. I appreciate everybody being here.

Appreciate you guys having us and uh yeah give us a give us a call book a meeting love to talk to you about uh our products and and products that are on their way and and the way we're developing things so happy to be here and everybody have a great weekend still weird seeing uh uh hearing your voice and not seeing your face i'll take it for one day but you gotta come back with yourself for the future all right guys thank you very much great space today i actually learned a lot about the mechanics of uh these celebrity meme coins and of course i always love uh to to help give exposure to something like arch that i believe so much in obviously so guys we'll see

you on monday real quick did i uh did i add something in there yeah sure uh sure yeah so i mean we do have tate launching that's kind of like a or b list celeb i guess uh anyone that knows crypto will find a laugh out of this but the telegram already says uh cto on it which means community takeover so i don't know if someone hacked that telegram and is pinning it on them but i i found that last project kind of interesting i mean no no human emotion right but if you're doing the martin gale system you're going to be putting more and more money in so emotions are going to be at play and anyone i've ever known with good ai they don't try to monetize it because the more people that have it you know it's going to be harder to execute

that pattern so i mean i did see it started at 11 15 15 minutes show right on the dot you guys should have exposed that it was like a paid promo. That would be responsible of you. It is not a paid promo. So, you believe in the tech or what? I'm literally using it, trading a portfolio publicly, as I said at the beginning. So, you can take your assumptions elsewhere. Well, it seems kind of sus, but I've never seen a good working AI bot.

There's a million rings, but no one ever sells it if it's that good. So you got to know that going forward. Hey, Scott, real quick. Just be careful. Obviously, you're pretty aware, but be careful with who you listen to. Caesar's a guy who thought David Goxstein

was the founder of Mt. Gox. Caesar's also a guy that thought you could... it doesn't guys yeah i appreciate listen i i don't you know we don't need to like throw stones here it's all good and i i don't know caesar it's all good i he has he has the right to his opinion but he doesn't have the right to his assumptions well i mean i've seen a million ai tools claim they're good at trading charts correct but you also said that these guys paid to be here. Whatever you want to call it, it's something. You gave them 15 minutes of the mic. It's a celebrity

space and we're doing an AI seminar here. Out of the blue. Right on the dot, 1115. You're a fucking larp, dude. You're a larp. Interesting stuff. Look at the board board look who's launching these uh celebrity coins it's a pretty good pretty good win mario coin hey guys

perfect perfect perfect conclusion to an amazing week uh exactly how i would have expected it to go um caesar has the right to his opinion uh springwater, what a name, Springwater69. You have the right to yours as well. You guys can shit on each other elsewhere, totally fine. But not a paid promo, just something that I thought would be very cool to share with our audience. Thanks, guys. See you on Monday. Bye.