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Episode Summary:
- Record CryptoPunk Sale
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Meet The Hosts:
Brian Moir
Solidity and React Developer | Blockchain Enthusiast | Decentralized Internet Advocate | Crypto investor since 2012
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Logan Ross
Blockchain Analyst @ Benzinga | President @ Wolverine Blockchain | Crypto investor and educator since 2016
https://twitter.com/logannross)
Ryan McNamara
Bought sub $90 ETH during the bear market | Liquidated on ByBit | Was into DeFi before it was cool | Ran ASIC mining operation in 2016 (sorry planet Earth) | $UNI Bag Holder
https://twitter.com/ryan15mcnamara)
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Unedited Transcript:
Don't miss your free chance to tune into Benzing his very own bootcamp series on November 20th. If you're looking to dive into new concepts and grow your account, this one's for you. GM zingers. My name is Logan Ross, and I'd like to welcome you to flight 61, aboard the moon or buzzed rocket. Ship your home for all things, altcoins and defy.
We've got a great show coming up for you today. Let's get right into it.
Joining me today is number one, Dex trader pirate, Ryan McNamara here. Lay, put my costume on as well. Hi, how are you doing Ryan? R I'm doing well, Logan. How are you at the holiday? Happy Halloween to everyone out there. Uh, let us know what your costume is going to be. Drop it in the chat below. Uh, and we will highlight our favorites.
So, Ryan, what are we doing on today's show? Oh, we got a lot coming up. We'll be interviewing pastel network. It's a network for NFTs. It's launching soon super cool stuff. And we'll also be looking at everybody's favorite dog coins. We'll go over some Sheba, IE new we'll be going over some Floki as well as some of the smaller ones that might be on the come up.
So stay tuned for that. Very, very cool. So before we get started, okay, I gotta take this out. I can't, I can't even talk before we get started. Thank you. Yeah. I need everyone out there in the chat who's watching right now to go down into the comments section and let us know the crypto projects. Maybe even specifically the dog coins you are looking at this week, what are you trading?
Let us know so we can take a look at it. Uh, and then while you're down there, make sure to smash the like button. So, uh, everyone else can find this content easier. We could grow the moon or bus family. Uh, and also if you're here for crypto content, there is the Benzinga crypto YouTube channel. We're starting some exciting new shows, uh, over there, hopefully next week.
So subscribe if you're not already a, and also if you're new, we appreciate you tuning in welcome to the fam uh, subscribe to the main channel. If you're not, and you can join the Mooner bus community on telegram for a 25% off discount code on the moon or bus swag as always make sure to connect with us on Twitter right there.
We're doing a giveaway of $50. Uh, NFT conference put on by queen gecko. Uh, we're giving away tickets and both of us. Oh yeah, no good point. We are going to be hosting pedals there, uh, at coin gecko con. So make sure you guys go check that out on, on Benzinga Twitter as well, retweet and follow us both for a chance to win.
Uh, okay. So we're going to be on at that conference, Logan. I forgot I'm doing like the NFT music industry panel. Okay. So I'm doing the metaverse panel. I'm really excited for I'm doing Anna mocha brands and this guy is absolutely insane. He sold a cloud computing company to IBM in 1998. Then he played the apple app store in like 2010, had like 15 different apps in the top 100 and apple actually deep platform to him.
So after he got the platform, he went really hard on blockchain based games. He funded private rounds from ECC, infinity decentralized and open seat. So I am so excited for that. Quite the sales pitch. Ron, you got lucky on that interview. Uh, I'm actually not too sure about my guests yet, but I will update you guys.
So make sure you guys go check out Ryan's metaverse panel. That's pretty dope. And then maybe I don't think Chris signed up, so maybe we can get the econ panel too. That'd be cool. Just a little something, something. Okay. Let me share my screen. Uh, and we can take a look at the markets. So as always, we're starting with Bitcoin and Ethereum, and then we'll go over and look at the Dogecoin.
So what do you think? Sounds like a plan. Sounds like a plan. I don't even know if we have to do Bitcoin today. Uh, Let's just start off with our new, all time high sweet baby eith. Uh, here we have the one minute candles and you can see here just a couple hours ago. We hit this new all time high at $4,470.
Drop a comment in the chat. If you're an eighth bag holder, uh, let us know what's up. We've been following eith for way too long. So if you guys have been watching, hopefully you got in early. Uh, let's see, what else do we have here? I have to, to get some new tabs open, let's pull up coin market cap, uh, and maybe we can zoom out on Eve.
Yeah. One as much as I love one minute candles. I think that one hour in daily candles probably tell a better story, especially with that beautiful triangle. You true? Here's your story, Ryan? Why don't you tell. I mean, you drew that triangle, but I mean, I can, I can do my best. So it looked like we went up, we had a previous resistance there maybe right around $4,000, which seemed like a psychological resistance, which we were able to break through.
I think this, uh, this was a pretty good triangle Logan, because we did break up above it and it looks like we did hold it. So congrats to you for those lines in the sand. It looks like it did work out so far. We'll see if we can hold it. I mean, I think the markets are really bullish right now. I think there's a lot of new attention in crypto because of all these dog coins.
So I think that we're probably going to hold above it. And I think, you know, it's interesting because usually Bitcoin leads the way with Ethereum and it did to a degree, you know, Bitcoin hit a new all time high, but we really see the mania with these dog coins right now, which usually comes later on in the cycle once, you know, Bitcoin and Ethereum really rips.
So we'll see what happens. But I think it's a bullish thing though, because a lot of these people buying the dog coins are new to crypto
If you guys, uh, are looking at the dug coins this weekend, while you're down there, if you're just tuning in, make sure to hit the like button, do us a solid well pirate coin. How's it going? Doing? Let's find out what is pirate coin, right? Oh, it's a revolutionary new cryptocurrency on the, I just started and it's on coin market cap actually.
And it has actually decently large market capitalization. I forgot exactly how much to start this for a quick pirate coin. Argh. I'm the CEO of pirate coin. Can't you tell what is this shit, bro? So fully diluted market cap of $37 million. I mean, not bad for a day's work I really had to do was put on an eye patch, a hat and get to coding.
Uh, you know, it's on finance smart chain. My favorite blockchain to make tokens on the slippage is only 7.9% or seven to 9%. I can't read well with the iPad. Oh, my God. Right? This is a pretty nice website that you threw together this morning. Thanks. I actually hired someone on Fiverr to do it. Oh yeah.
Good, good idea. Got outsource. Everything. Exactly. Uh, and full disclosure. This is a joke. Ryan did not actually make this coin or did he looks like I made it fall and crack, right? He's the CEO of Bitcoin. I am the CEO of pirate coin. There is no debate. Can you tell the CEO of Bitcoin to send the price up?
Yeah, let me just add such Craig. Okay. Let's see what happens if we type the new into wait, what? Come on. I want all the news Chico. He knew I have not heard of that one yet. I know. That's the new wave, bro. It's the Sheba. Floki safe. Moon killer.
Okay. So on a real note, let's actually take a look at our favorite dog coins here. So what should we start with dojo? Yo, you can sort by meme coins now on coin market cap, doesn't have all the good ones. I saw a filter. It doesn't have the coin on it. Damn. I don't even know how to do it. Actually. I just saw that you could watch lists portfolio.
I would think it would be down by cryptocurrencies where categories defies NFT is. Oh, I see. I see. I see. Maybe there's another filter you can use. Ah, Frick, man. What the heck?
How do I coin market cap filters? Come on baby. All right. This might be a lost cause. Yeah, I think we should just use trading before it. I think shading view should have at least she, but you knew in Floki at this point. If not, we could maybe try and use Q coin or something.
The other categories, doggone dog. I don't even know what this means. Is this all the dog coins? Oh, we got it. We got it. We got it. We got it. All right. Here are all of the dog coins in the top dog position we have Sheba knew right now, ripped past doge. Uh, I'm curious to hear what you guys out there. Think about the flipping.
Okay. This was a meme that was going on all year long. She was going to flip doge is the doge coin killer personally. I didn't think it would actually happen, but I was wrong. And I'm here to admit that today. So drop a comment in the chat. What do you think this means? Uh, you know, for the ecosystem as a whole, you have any big picture ideas, Ryan, what do you think about the flip ending?
I think it's ridiculous. I did not see this coming whatsoever. Dumbfounded when I saw it, I knew it was going up fast. I saw it past chain-link and it was like the 15th largest cryptocurrency. I wasn't sure how much higher it could go from there. I already had over a $10 billion market cap and it happened, I mean, I thought doge would probably be going up with Sheba when this all took off, but it's really lacked behind it's down 10% today, only up 21% on the week.
Uh, so I mean, I'm very surprised Shiva did that, but congratulations to all you Shiba Inu holders out there, you did it. You flipped doge. Now all that's left is to flip Bitcoin. And then after that you can reach 1 cent. Um, man, do you think that this suggests that Eve kid flipped Bitcoin. I don't know if it's just, it might be, it might be a reach, but I still think that theorem could flip Bitcoin this market cycle.
I've said it before. I'm not sure if it's more likely than not. I think it's probably less likely than not, but I think it's still a possibility of Ethereum could flip Bitcoin this market cycle. But yeah, I don't know with all these stock coins, if that's really telling of like an incumbent, being able to be flipped by a new entrance into the market, but it's certainly possible.
We saw it with Sheba. You knew let's see it with Ethereum. That would be the day we'd have to throw a Mooner bus party live in Detroit when Ethereum flips Bitcoin and everyone out there is invited as long as you smash the like button. Uh, okay. So why is Floki news down here so far? I thought Floki would be bigger.
I did too. I mean, that's kind of, kind of interesting. It's a $2 billion market cap. How there's no way that that's. Yeah. See, it's not yeah. Coin market cap, rinks or coins kind of oddly, because just because it's self-reported or something. Yeah, that'd be a good guess. I think what the heck, man, what happened to my dog coin filter folky.
And he has been going crazy though. It's up 43% today over the week. It's like 200%. So again, congratulations to my Floki new holders out there. Uh, we did a show on them a few weeks back. I said, I wasn't going to be investing in, I guess I missed out, but Hey, I mean, it is what it is. You really float up or.
Good one, Logan. Thanks, man. You could see here that, uh, the reason it's so far down on coin market capitalist is because it has that self-reported market cap. So it's actually worth $2 billion, which places it in the third biggest dog coin spot, right above DOH. Jalon Mars. Uh, I've. Haven't heard of this.
Some Moya, some weighted coin or safe moon. He knew we need to get, we need to write some articles on these okay. Yeah. That dojo on Mars, man. That's been getting so much attention lately, really out of nowhere, I guess it's just due to Sheba new, but it is up like crazy as well. We see 70% in one day we're in buffet could never, and 185% over the past week.
So absolutely ridiculous returns right now. Dogecoin mania, for sure. How long do you think this is going to last Logan? I think we're pretty close to the top of this. You know, I think that that Sheba is probably close to the top. I think it's probably doge coins turn now. So, uh, I don't know. Uh, it's, it's an interesting thing because like maybe Sheba has more room for money to flow into it because it's based on Ethereum, whereas doge coins like its own blockchain.
So it's like a single use case, but, but Sheba, uh, could continue to, you know, get that other money from Ethan due to imagine. Imagine if open, see ads, Sheba, uh, to purchase NFTs. That would be ridiculous. But I think that's extremely unlikely. Um, I mean they only have one area wrapped Ethereum and polygon is on open seat right now and probably gonna make sense because they use polygon for their layer two solution.
And then of course, if your mic is to buy NFTs yeah. There's also di and USB-C oh yeah. And, and like if Coinbase accepted all cryptos for, for NFTs, then, you know, I think that it would probably just push everyone else to do it. You know, like only one person has to do it and I don't see why not. Like, it seems like a fine idea to me.
So Sarah Russell out there in the chat says, where can you buy Floki? Uh, so I dropped the link to our money site, article, how to buy Floki new, go check it out there. Uh, and also we got a promo going on with, uh, fi $5 in free ship. If you sign up with VBL yeah. Should have signed up last week. It would be like $20 in free ship.
Now don't miss out. Don't sleep. Go check it out. Okay. So any other dog coins you guys are looking at in the chat? Uh, or Ryan, do you want to take a look. Yeah. Can we take a look on trading view and look at it? Maybe she be anywhere at least. And then if anyone else wants to see other dog coins that are on trading day, we could look at those as well.
Probably unit swap would be your best bet. Well, that works too. Now for something like this, we should probably not use daily Canada, not the hourly candles. That looks good. That's crazy. Literally this is one week. Look at this volume. Oh my God. Yeah. Oh, and it looks like, okay, I'm going to draw some more fake lines here, but look what we see.
Look what we see. We see this, this triangle forming here. Okay. Okay. Okay. Okay. Something like that, right. And it's broken out of it. It's broken up actually. Is that bullish? Yeah. I mean, I would say it broke out even sooner. If you connect the previous local tops, then in say even Seper line, and then we are broken out.
Like if you go even further to the left, look into those other local tops, but either way now we are seeing higher lows and higher highs, which is typically a bullish signal. Again, these are only the hourly candle, so it's kind of hard to trade based on them. I know a lot of people do anyway. Uh, but we could see another leg up.
It's it's pretty hard to tell at this point, I mean, so many people have made a hundred percent or more on their investment. I'm sure a lot of people are trying to take some profits at this point, but at the same time everybody's talking about it. Right. And now it's available on Etro it's available on weeble and Coinbase.
So many new investors have access to Shiva. You knew that didn't have access during the first pump back in may.
I just had an idea and then now it's gone. What a, what a man, just like that. Um, what about, uh, the, oh yeah, yeah, yeah. So what about that guy who made possibly the greatest trade of all time? $8,000 invested in CBE new last year is now $5 billion, but the thing is this wallet address has not taken a single bit of profits yet, and only a crazy person would sit through $5 billion of gains without taking any profits.
Okay. So you could buy the most expensive yacht in the world and still have billions leftover. So I think that that the private key is lost to this wallet is lost. What do you think? I agree. Yeah. I mean, there's almost no way, right? Unless you have the most diamond hands out of any investor in the entire world.
It's really cool to see though. I think it would be considered the best trade of all time throughout all of economic history in $8,000 to $5.6 billion in about a year. It's absolutely ridiculous. But like you said, he didn't take any profits and you have to remember, like throughout this whole year he had millions of he or she had millions of dollars and then it turned into billions of dollars and then it turned into several billions of dollars.
So I do think he lost his private seed. It is possible that they're just holding onto it though. I would love to see them take. And to confirm that they didn't actually lose their seat. But I think at this point with so many people speculating that they did lose their private seed, they would probably, you know, like sell a little bit or move something into the wallet to show that they still have access to that wallet.
So, yeah, I think more likely than not, they probably put that $8,000 into Shiba Inu their seed phase. And now there's $5.6 billion worth of Shiba Inu in a lost wallet. This reminds me of those Bitcoin miners back in the day who also their computer or their wallet with hundreds of million on it. Same feeling.
Yeah. Uh, okay. So on that note of crazy crazy trades, we saw a crypto punk sale last night that broke Twitter. I'm trying to find it right now. Uh, uh,
Ron, you want to tell us a little bit about this, this crypto punk say. Yeah, so I'm pretty sure it was so be right, Logan, it was Sobe who bought it. I don't. Was it soapy? I'm pretty sure it was. Um, I thought it was someone else. Loon luck also tweeted. It was his, but he was meaning I think it was Sobe on Sophie owns a ton of me bets, I think like 250 plus me bits and also has a crazy collection of crypto punks, which I think is in the hundreds.
Uh, Basically here, what people are speculating and you can see it on chain. So this is actually what happened. Uh, this guy got a flash loan with crypto that he was able to buy this crypto punk from himself and then payback the loan all within one block to make this record sale. So this isn't a legitimate sale per se.
It's not money laundering, but at the same time, it is I think, to just create some hype around crypto punks right now, the previous highest sale was an alien, which makes sense because there's only nine alien crypto Ponts and those sold for $9 million. Now this one, the white hair is cool. You know, Hayden Adams, founder of slap uses a crazy white haired crypto punk on his sturdier profile picture.
It's a pretty rare trait, but it's not worth anywhere. $500 million maybe close to a million, but definitely not 500 million. Uh, but they pumped the market to a degree. I think I wasn't really paying attention to the floor, but I noticed just a few minutes after this happened, somebody played $87 million bids across the board for the alien punks, but those have since been withdrawn.
So I think that the person realized, you know, this guy had a flashlight and bought the punk from it himself. It wasn't a legitimate sale. And then withdrew those bids because they didn't feel comfortable spending $90 million and having legitimate. Yeah. They withdrew them. I checked this morning, so those bids are not on the table.
Which kind of makes sense. Right? I would be willing if I had the money, I'd be willing to pay $90 million for alien punk. If there is a legitimate sale of a $500 million punk, that wasn't an alien. Uh, but since it wasn't really legitimate, um, they, they withdrew their bids, but no one took them, which is interesting.
They were up for a few hours and those alien punk owners, I mean, they must have saw them write a $90 million bid on their punk and they could have sold, they could have sold, but they did not. So, I mean, that kind of tells me, you're going to have to spend more than $90 million to get an alien punk these days.
I mean, the people holding onto those or holding on to them with diamond hands. Exactly. Exactly. So one person valued all of them at $90 million each and none of them sold, which means the whole there's value them much higher. That's kind of crazy. Uh, so Ryan, why don't you tell us about this little page you put together.
Yeah. So a few months ago I made this crypto punts watch lists. we try and keep it updated, but the markets move super fast. So, you know, DMS on Twitter. If you see someone new, who's famous, get a crypto punk, we'll add them to this watch list. But we created this to track all of these famous people who now own crypto punks, and usually, almost all of them use it them as their Twitter profile picture.
So that's pretty cool to see, uh, who someone else just added a crypto punk into Jordan. Jordan Belfort. Yeah. We got to add to add him to the list. Um, but yeah, check out this page. It's a really cool. And did you see that little baby now has support? Hey, did he tweet anything out about it or did he just do that?
Yeah, he didn't tweet anything out about it yet, which is sad. I wanted to retweet it, but we see a little, baby's got the baby board eight. Yeah, nothing, nothing yet, as far as an announcement from the slime himself, but we do see his PFE has changed. And while it may seem like, like a little baby is not really like a, it doesn't, it doesn't seem like that big of a deal.
I think that little baby's influence within the rap community is actually very big and it will do a lot to, uh, you know, influence the, a lot of like serious collectors potential buyers. We also see, you know, Jay Z of course has it too. So, uh, it's clearly spreading very quickly. Uh, and I think that this is actually very cool.
I think that it's gonna going to help the market grow a lot.
So Logan, do you want to take a look maybe at Floki anywhere, some of these other dog coins that are giving Sheba a run for it? Yeah. So I don't even know if they're on trading view though. I ain't check. See if they're on trading view. Floki new, bro. We have to set up an interview with them. We do. Yeah, we're getting, we're going to be having Floki knew someone from the team, come on, moon or bust, uh, pretty soon here.
So make sure you guys are subscribed if you're not already. So you can catch that episode as well. All right. So here is Floki. These hourly candles are kind of ridiculous. Yeah, it hurts, man. It hurts. It does, it does hurt a little bit. So what is this like a maximum of six to three. It's like a five X in the course of two, three days.
It's approaching a 10 X it's approaching a 10 X four zeros. Yeah. It's at like five X right now. All right. Yeah, I guess so. That's crazy though. $2 billion for the Floki meme. You think that that meme is good enough for a $2 billion market cap? I mean, if she be new, has a market cap of $50 billion, the relative valuation of Floki could be argued that it's undervalued.
Yeah, exactly. Is Floki EU undervalued. Let's let's see in the chat guys, what do you think is Floki new under valued? I certainly think it's not undervalued, but you know, we all have differing opinions. Yeah. I mean, personally, that's not the type of thing that I want to have in my portfolio necessarily, but like, Hey, gains are gains at the end of the day.
All right. So stacking nine millimeters in the chat says check out quiche. He knew. Uh, and let's see how big is Kesha compared to the other world? It's maybe it's not listed.
Jonathan. I see your comment in the chat. Yeah, there is pretty high charges on Floki. They do have a reflection fee, uh, which both organized, we aren't very big fans of any tokens that have reflection fees. The token Nomics really don't check out for long-term sustainability. So definitely do your research on reflection fees, what they actually are, but yes, it is very expensive.
So it's a 8% transaction fee for every time you buy or sell the token. So for example, if you decide you want to invest a thousand dollars in the Floki email, they will charge you $80 upon the first transaction when you buy it. So they'll give you $920 out of that thousand year invested, and then say it goes up to a thousand dollars.
Then you have a thousand dollars and you sell it, then you'll have $920. So even if it goes up, you need to make back essentially 16% just to break even. And that money goes to the creators of the coin as well as it gets distributed to other holders of the coin for holding onto. Yeah, exactly. And it is distributed proportional to the other holders position.
So the biggest holders will make all the money, uh, promising little guys, passive income, uh, which I really am not a fan of personally. It just seems kind of slimy, uh, and not in the little baby kind of way. Um, okay. So any other coins out here in the chat, Jonathan says anyone attempted to FOMO in, what do you think.
I've had a few friends who have FOMO in over the past couple of days. I certainly haven't. I mean, if I were to be buying his claims, I think it would be during a bear market. And it would be with a hundred or $200 to speculate that maybe they'll moon again, during the next bull market. Damn Raza was the actually turns out the one who made that $5 billion.
But someone broke his laptop. So now it's gone. That's all run out, pouring out for the older as Floki is going to 1 cent. Let's see if that makes any sense. Okay. Yeah. See what the implications are of Shiva EDU, going to a penny. We actually, oh, Floki not Sheba. Okay. Okay. So we need to, maybe we have to do analysis on this, a fair money article like we do with Sheba.
Okay. So it needs a three X to get to a 10th of a cent, and then we need the 10 X from there. So it's like a 30 X. So it's market cap would go from 2 billion to $60 billion, uh, putting it well above Shiba Inu, and let's see where it would land on the list of actual, I mean, uh, not so much fun, memes, less fun, not dog coins.
Um, man words, Solano then. As the largest cryptocurrency by market cap. So yeah, you never know what happens. Shiba flipped out and now it's the eighth largest cryptocurrency in one sense, it's pretty ridiculous gains, but it's not, not, not impossible. I guess. It's, it's extremely unlikely though. I would not be taking that home to the bank.
That focus is going to 1 cent. I mean, I think we're already pretty close to the top for these dot coins. Yeah, definitely. Don't schedule your Forbes interview yet. Uh, I think that this, the attention is going to move over into Bitcoin and more specifically Ethereum over the next couple of months here. So, uh, I am personally taking profits on my dog coins and moving them into eith.
Um, I just think the risk is too high at this point. Um, but it's always fun to speculate, you know, with just like some small amounts, uh, that you're totally fine with with Lu.
KW 5g. I see you said that they lowered their fees on Nina swept to 3%. That's pretty interesting. I'd be interested to know whether or not they did this for pancakes swap as well. Maybe they didn't because Ethereum charges such high gas fees in the first place that you're already out so much on your investments and I'm Binance smart and you're only paying pennies.
So they think they can justify still charging that 8%. Yeah. I wonder what they took out, uh, whether it was the marketing fee or if it was like the, a redistribution fee, maybe it's just 50, 50, a 1.5% to each of them now.
Uh, you want to do a little bit of NFTs. Do you have any, you want to look at the Mecca verse. NFT is now down to under one E and we saw them up to like seven or eight, just a few weeks ago, which was really interesting to see. Um, I kind of understand, I mean, they minted at 0.2 Eve and then immediately resold for five Eve.
And then they had this whole debacle with their developers being able to see the metadata of the NFTs before they were actually revealed. So they were able to actually rig it, kind of get some of the rare NFTs. Uh, so yeah. Yeah. And, and it's such a new NFT to where there was so much hype behind it. And then it was instantly worth like $25,000 that there was probably a correction waiting to happen.
And then we did see that, especially with all of these other crypto's ripping, right. Danny makes a good point in the chat. The normies are just getting. Uh, yeah, they are definitely just getting in the dog coins, the NFTs, that's bringing them in to the space and then likely they'll kind of figure it out.
Uh, and then, you know, switch over to, to Bitcoin or Ethereum or something like that. Um, maybe even Solana we'll have to see. Uh, but yeah, so Ryan, we see the pudgy penguins floor has fallen down, uh, to finally below where I sold. So I don't feel like paper hands anymore. Congratulations. And I sold that 1.7.
Don't forget it bought for one seven. Yeah. That's, that's a pretty good trade, especially just with my days, right? Yeah. 10 X, my Ethan 11 days. Oh, check it, check it out. Did I ever show you this one? I picked up ski mask. The slump, God Daiichi. Somehow it was available. That's pretty cool. You can pick up metadata youth.
Oh, my God, whoever has metadata Eve, they better not sell it. They can get so much from Zack. What's your take on that whole thing with Facebook now being a metaverse company? Oh, that's a great question. Um, I think it's bullish for this space in general. Uh, I kind of feel like Facebook's going to try to make some like Sims type game.
Uh, that's like a social media Sims crossover platform. Um, but yeah, I think it will be bullish for NFTs in general. I mean, there's people figuring out more about blockchain becoming more interested in their online presence, uh, will be good for the PFPs and all sorts of NFTs. Uh, but let us know what you think in the chat.
What do you think about Facebook changing their name to meta and spending dropping $10 billion, uh, building a metaverse game. You have any thoughts on that end? Yeah. Do you think Facebook's actually going to be implementing blockchain into their Meadows because they really don't have to, right. Like Facebook is already kind of considered a metaverse and so it was Fortnite and some of these other VR games, they don't necessarily need to use blockchain.
And I think that like the, the notion that the metaverse and blockchain is like very strongly intertwined, it's only really a narrative we see within the blockchain community, which I think it does make sense, but I think the normal person still doesn't really relate the metaverse and blockchain together.
I think that Facebook is trying to target the younger generation once again, that's what the duck said himself. And so I think that, uh, you know, obviously they're, they'll try to keep it as centralized as possible, but if they want to attract the crypto natives, uh, the people like us, they're going to need to let us bring our board apps and they're going to need to let us bring our NFTs over, uh, I, I definitely see both sides of the, of the coin here.
Uh, no pun intended, but I think Facebook would create their own chain if they did it and then try to have it bridged, um, with other chains. But we actually have an expert and I want to hear his take on it. So from the pastel NFT, blockchain, we have Anthony, uh, welcome to Mooner bust Anthony, how you doing today?
Doing great. How you doing? Doing well. Nice to see
our Halloween episodes a day. So excuse Ryan's appearance, but Anthony, I'm curious to hear your take on the Facebook, uh, metaphor. Yeah, totally. I mean, look, it's one of those things. I don't know, actually I was on a clip yesterday with NBC, just talking through it. Um, Ryan, you kinda made a good point there.
You know, Facebook's really been in this space of, you know, reality labs for quite some time. Um, so I do think it was kind of a penultimate moment. That's been leading up to this space. Think about obviously some of their acquisitions, some of their internal R and D as it pertains to wearables headsets, things like that.
Um, they've been making these kinds of steps for years now to get to this point in time. Um, and you know, if you really think about it, frankly, The concept of a metaverse, you know, Ryan, you alluded to it, um, away from kind of crypto natives is something that I think is kind of innate and quite native.
Generally speaking, I think about how much time we spend on our phones. Think about how much time we spend on Instagram, right. In these kinds of, you know, quasi, um, virtual realities already. So, um, I think it definitely makes a ton of sense. And one of the things that stay too is, you know, Facebook compared to a lot of the other big tech companies itself, um, doesn't necessarily have, you know, quite.
Monopolistic moat, um, or, you know, pure barrier to entry against, you know, it's underlying core product offering, right. And in the form of social media suites. So it's constantly had to innovate. It's constantly had to basically, um, you know, be a little bit more dynamic. Um, it's done that historically through a number of different acquisitions and whether through WhatsApp or a handful of other platforms.
Uh, but I think this is really kind of a natural stepping stone. Um, and it will be interesting to see, we haven't, I haven't seen anything from, um, you know, mark or Facebook directly. That's talked about how they might, you know, bridge this idea of kind of interoperability across existing blockchain suites.
Um, so it'll be exciting to see how this shakes out in the next few months. Most definitely, uh, harsher S in the chat just gave us two bucks. Thank you. Uh, we will take a look at ICP after the interview. Um, but Anthony, uh, could you tell us a little bit about pastel and what your mission. Yeah, absolutely.
Um, so pastels started back in 2018 and we've really grown to be a preeminent protocol standard for the NFT space. And you know, what I, what do I really mean by that? Um, obviously the way that you look at NFTs now and the general marketplace is I'd say the broader landscape is you have a number of different, uh, platforms and marketplaces that are geared towards different aspects, you know, ranging from digital collectibles to gamification.
Uh, then you have kind of technologies around, you know, liquidity pools. Um, you have obviously fractional ownership, sharding, et cetera, in a variety of thousands. Um, where we said is actually kind of on the flip side of that in terms of, you know, how can we actually build some of that core infrastructure to really power the NFT marketplaces and the broader entity community forward over the next several years?
And so we're actually completely, um, fully purpose-built dedicated layer, one blockchain. Um, we've been built from the ground up, um, to basically, you know, solve a lot of the Nate and Nate problems of the broader entity, you know, ecosystem, high transaction fees, network congestion, you know, downtime, et cetera, but simultaneously to also be able to offer a series of different applications, specific features, um, such as our storage as, you know, storage protocol.
Right. Uh, there's a huge problem in the NFP space, just in terms of actually how you, you know, tightly coupled the data that you're acquiring with the actual smart contract standard itself. Um, so we have a really interesting, you know, fully distributor. Fully permanent lossless storage protocol. That's built directly on top of pastel and we have another feature called sense, which is our new duplicate NFP detection protocol.
And that assesses the level of rareness and an existing NMT relative to all other NFTs and the actual data set itself. Um, so that could be used to help protect against copyrights, scam issues, things like that. Um, and so, you know, long stories. You could think about pastel as being, you know, really kind of this preeminent protocol standard, um, whether you're kind of a third-party marketplace, another layer, one blockchain, you know, whether you're you, you're basically a commercial enterprise, you can launch a marketplace directly on top of pastel, any sort of NFT DAP.
You can leverage our API APIs, you know, via lightweight integrations to basically, you know, rely on our storage to rely on our duplicate detection. Uh, we just had a couple of artists on open, see actually, uh, basically as part of their smart contract, they sent their NFTs directly to pastel to be stored, to leverage or duplicate detection.
And those NFTs are actively trading on the Ethereum blockchain, but you know, the proof of store lives on pastel. If that makes sense. Very interesting. So would you say you're more business facing or retail? Um, you know what, it's, it's a bit of both. Those are two very, very different go-to-market strategies, but, you know, we've been focused really on kind of that, um, you know, B2B strategy around going out and getting a lot of different, you know, partnerships and strategic integrations with the existing layer, one blockchains with the existing marketplaces and with a broader community.
It's super exciting to see what's happening right now. And I'd say the spaces highly collaborative, uh, just talking with different groups, talking with different, um, you know, teams and foundations and whatnot, and basically kind of just powering, you know, using our technology to help propel and power sort of aspects of the community.
It's super exciting. Uh, but you know, back to your point, there's also general network effects that, you know, come from that as well. So over time, there will be kind of more of a consumer facing strategy to, you know, our own marketplaces and our own applications. Very interesting. Uh, so could you tell us a bit about the history of the company of the project?
Um, how long have you been working on it and have you done any fundraising so far? Yeah, absolutely. So just for some quick context, I'm actually a partner in a fund called innovating capital. Um, so we're basically a venture capital technology fund. Um, I help run the crypto book there. Um, and so I met the CEO of pastel, um, Jeff Emmanuel back in 2018 out of crypto conference and basically was quickly drawn to, you know, his vision.
Right. He had a massive vision about the problems, you know, no one was even talking about. Back then. Right. But he was talking about the innate problems, the lack of actually, you know, permanent technology technology that was purpose-built running run teas, and basically had this kind of grand vision of building this from really the ground up.
So we started to incubate it almost immediately. Uh, and then over the past year or so, I've kind of stepped in on a full-time basis. Um, just helping running a lot of the day-to-day operations strategy, et cetera. And so, yeah, we've been operating in stealth, um, for the last few years, came out of stealth earlier this year, um, launched the main net.
We've been watching kind of a series of protocols, you know, since then, um, and then innovating capital, uh, plus a handful of other, you know, kind of, uh, smaller investors have put in close to about seven and a half million bucks so far total in terms of funding. Really cool. So what kind of benefits do you creators and buyers get from using pastels network over other blockchains like Ethereum and maybe smart chain or so on?
If you could touch on one of those. Yeah, totally. So, you know, if you think about it right now, right. When you go on to, you know, a Salada or an Ethereum or one of these existing platforms, right. Um, have you, I mean, basically there's a couple ways to do it. You could leverage kind of open sea or one of these existing marketplaces and, you know, they're back in, you know, smart contract deployment structure and things like that.
But at the end of the day, you're going to run into obviously the idea of having to pay an exorbitant amount of high fees. Right. Just in terms of, you know, if you saw what happened yesterday with, you know, uh, the Sheba coin and whatnot, just kind of the network congestion that we saw, um, you have pending transactions for hours, you know, you basically had, you know, certain transactions that were costing hundreds of flats and thousands of bucks just to meet the specific and uptight.
So for a creator or a collector, who's just starting to come into this space. They're not a crypto native. They don't necessarily know how to buy Ethereum on Coinbase and then set it to their Mehta mask account and then change gas fees. And then, oh, I have a pending transaction. So I have to update the known say so I can basically, you know, clear it out and get this transaction and go through.
It becomes super complicated, right? Just from a pure tech perspective. So, you know, by leveraging pastel the core advantage more than. Is that we kind of obstruct away a lot of those underlying issues because we're built specifically for an FTS, right? When you mentioned NFT on, on pastel, you're not getting in line, you're not getting in a queue of, of basically thousands of other applications that are focused on, you know, defy or, um, insurance or whatever.
Right. You don't have to necessarily compete with somebody who wants to basically lend me out 500, you know, loan 500 million bucks off of compound, right. In the form of beef and this and that. Right. So basically you get a more reliable, sustainable, um, and just kind of, you know, cheaper blockchain itself.
Right. But then you get all those specific features that I talked about when you upload an NFC on pastel, um, you know, our storage protocol, it takes that file. Whatever the data is to be a video, it could be a minimum, you know, a metaverse object, whatever it might be. It takes that file, chops it up into a bunch of little blocks, copies those blocks, and then randomly distribute those blocks across every single SuperNote on the network.
So you basically, you know, it's pay once store. So you get this also this permanent storage solution that's completely distributed, completely decentralized. And you know, right now, if you buy a smart contract or NFC on another platform, like a theory or Solano, you go to the token, you are, I feel that you might have a hyperlink to a centralized, you know, Amazon S3 bucket, right.
You might rely on some sort of IPFS pin, right? So there's a number of innate problems too, that just exist with persistent storage. And then you kind of get that level of assurance in terms of the pure rarity. Right? If I registered something on pastel, I'm going to get assigned basically this, um, authenticity score from zero to a hundred percent.
You know, we take the NFT, we leverage a handful of different, um, deep learning methodologies using advanced computer vision to take that NMT and transform it into a string of numbers for 10,000 plus digits. Right? Then we compare that digit or that vector of. Which we call the fingerprint of the NMT itself against every single other fingerprint on the system on collaborative platforms, like open seat and basically on just kind of the open web itself.
And then we assign basically a very clear score from zero to 100% that basically defines how rare something is. So if you're a creator, you have kind of the assurity that, Hey, I know I'm going to get basically, you know, almost awarded or basically, you know, um, signal that, Hey, this is super rare. I created this right.
And as a, as a collector, I might be willing to pay more or pay a premium for something that I know it's super rare versus something that's just, you know, a rip off of an existing punk or something like that. If that makes. Yeah, totally. We'll feature Logan. And I have a quick follow-up question for that before you ask your next question, but do you think Anthony, there is a way for people who will create NFTs to almost play that rarity score, like create something that looks nothing like anything else just to have a high rarity score, because there are a lot of projects that look similar, but I mean, could you speak to that maybe a little bit?
Hey Ryan, Simon, I cut out there for a second. I'm gonna repeat the question. Yeah, yeah. Sure thing. So I'm just wondering for the people who create NFTs and they see this rarity score, would it be possible for them to essentially make something with the goal of having a high rarity score? Like that looks nothing like anything else, just to be able to get that high rarity score to hopefully get more value out of buyers a hundred percent.
I definitely think so. Right. I mean, And if you're a creator, I think generally speaking, not always the objective, but I think I'm a big objective of certain creators is to build something that is highly rare. That's super rare that has never been seen before. Right. Um, you know, if it is kind of an altercation, you know, or an alteration of something else, you know, they might still get a higher revenue score.
Right. Because it is, you know, completely altered and whatnot. So, but I definitely think that, you know, many creators, um, or are willing to basically take the time to actually create something super rare. And on the, on the flip side, I think collectors are potentially, you know, willing to spend more, um, it's a pay more if there is this kind of level of rareness associated with the underlying NFT.
Interesting. Anthony. So is this time-based so say, uh, as more people create punk copies, the rarity score of the punks, the original punks won't go down, will it exactly. Exactly. Exactly. And it's actually also just, what's important to understand too, is this on the collection level? Right? So if you have 10,000.
Crypto punks, right? The way it generally works is, you know, we do the whole fingerprint vector thing. Um, and we put that fingerprint into the dataset and then the next one gets compared to the entire data set. So it is time-based based off the sequence of blocks, but one collection, you know, you're not going to compare one pump versus the other.
Right. Um, the series of, of the original X amount of punks are all going to be basically ranked a similar level of rareness, right. Just relative to that pump versus, um, any sort of data that existed at that point in time. Very cool. And so you mentioned that the, uh, the data storage and the blockchain is completely decentralized and distributed.
Uh, could you talk to the level of that maybe how many nodes you have or if you use other products to decentralize your data storage? Yeah, I mean, look, so right now, the way that it works is you have general nodes that are running on the network, um, that basically obviously run copies of the ledger themselves and whatnot.
There's about 2000 plus nodes around the world. Um, I think I should probably more right now. Then you basically have the supernodes, which are doing all the same thing, but then also providing for a lot of this extra functionality, right? So you stink 5 million PSL. You run a supernode yearning kind of a high powered client that has both a specific amount of compute and storage capabilities.
And there's a hundred plus supernodes running around the world. Um, right now, you know, between the U S Asia, Europe, et cetera. That's really impressive. You know, again, the whole, the whole idea is to always be, you know, if, if any blockchain besides Bitcoin or Ethereum tells you they're fully decentralized today, um, I would definitely kind of shy away from that, but the general idea is, Hey, are we putting every single piece in place that pushes us on this path of, of sufficient decentralization, right.
And has everything equipped right now. Right. You know, Logan, you decide, you want to basically go acquire 5 million PSL and run a supernode. You can nothing's stopping you. You can go do that tomorrow, right? Um, yeah. You know, and there's also a lot of other kind of core functionalities to consistent storage challenges, right?
Where basically random supernodes are, you know, looking at random supernodes and kind of almost inspecting what they're doing. Hey, is this SuperNote doing what it's supposed to be doing? Or is it acting maliciously on work? And if it is, we basically have this like reputation scoring that, you know, tracks.
And if you get X amount of times where you're doing something religiously, you're kicked off the network where your IP is banned. Um, so kind of having these, you know, fully decentralized functions are really important just in terms of, you know, getting on that path of, you know, pure, sufficient decentralization.
That's a great answer. And we do have a question in the chat from Jonathan he's asking. So could there be a sacrifice on the art standard for the rareness score? That was kind of what I was getting at earlier. I guess art's really subjective. So I would say maybe the market would just decide that itself.
Uh, Anthony. Yeah. I mean, look, it's, it's one of those things where you could use this tool. So certain companies are using this for certain, you know, different things. Right. So for example, if you're concerned that someone's just completely copying your punk, right. And you know that if someone completely rips it off, it's going to have, you know, kind of a, a score of 1%, right?
Why would a monitor anything that's less than 5% and flag it basically maybe expect, inspect it a little bit more, you know, how similar is this to something else? And so I can actually go look and say, Hey, you know what, here's the output of the code. It's telling me that it's, you know, almost identical to this.
I go look at that file, et cetera. So you can leverage it in different ways to be more kind of like an audit function where I'm not necessarily just looking at something for the sake of. Paying more for, you know, something that's 95% rare. Right. You could also on the flip side, have a relatively, you know, kind of reasonable threshold, anything that's greater than 75% is going to get this, you know, super rare, you know, certification.
Right. But I, I totally get it. Right. Art is very subjective. This is just more of an additional tool or functionality that can be leveraged in a variety of different ways. Okay. Yeah. That makes sense. Interesting. Oh, there he goes. Can you hear us? Yeah. Can you, okay. Awesome. Yep. Sounds good. So, Anthony, can you tell us a little about the PSL token again?
Yeah, absolutely. So the PSL tokens really kind of, you know, the, the oil that runs the entire network, right? Whether that's mincing an NFT, whether that's trading an on a T, whether that's basically paying to use cascade to basically store your, your, um, NFT. Sense to basically run your new duplicate detection service on the NFT itself.
Right? So PSL is really kind of that oil that is needed for every single aspect of the system. Um, so anytime a transaction occurs, there's really a couple of things that take place. You know, one part of that transaction fee is actually distributed to the supernode operators on the network. And then to, um, part of that transaction fee is burnt.
It's sensible, approvable burn address it's taken out of supply. So we have both a kind of, you know, dividend yield component of terms of distributing PSL to the supernode operators on the network and exchange for the services they're providing. And then you kind of have this, you know, kind of quasi share buyback model by taking, uh, you know, the PSL out of supply.
Right. And that's kind of a deflationary mechanic, if that makes sense. So is that mechanic used for all transfers of the token or is only for sales of NFTs, kind of like how open see has that 2.5 or is it 5% royalty fee on, on their end if. Right. And our right. So a couple of things there, right? So on open CFI, if I bind NFT and I, when I sell it, et cetera, open seat is going to take a clip.
Right? This is what I'm seeing is something a little bit different. Um, in terms of, you know, you artists could still say, Hey, I want to collect the 10% royalty. On the NFTE, any time of retreads. But if you think back to how I mentioned, we're structured, where we have a series of different API APIs, right.
Open. So you could decide they want to send all their entities to pastel for storage. They're going to pay basically in the form of PSL, anytime they want a mint, an entity to call that specific protocol. Right. And so that PSL part of that sense of the SuperNet operators who are doing that functionality and then part of that's burnt, if that makes sense.
Okay. That's really cool. That's it? That's a great solution. And why did you choose to fork from Z cash and remain as a proof of work blockchain with so many like new, newer blockchains being proof of stake? I thought that was an interesting choice. I mean, look, you know, the, the, the pure consensus mechanism starting off as kind of a fork of Z cash at the end of the day, right?
The, it what's the most secure rock, solid foundation in the space. Right. Uh, Bitcoin, you know, we know that from the. Zika being effectively a fork of Bitcoin, but leveraging Equihash, which we thought was a little bit more secure, um, as well as, you know, zero knowledge proofs. Um, we thought that it was actually the best candidate in terms of how to actually start the initial core blockchain itself.
But what's important is this kind of layer of supernodes that sit on top that, you know, actually do a lot of the services, the validation, registration, the activation, all that stuff, you know, the storage, right. Um, that actually then, you know, have almost kind of a somewhat interesting stick component associated with them, gives us this interesting kind of split model, if that makes sense.
Um, and so, you know, from our standpoint, you know, it's super exciting to see what's happening with a lot of the proof of stake blockchains out there. I think that they're better suited, um, for maybe networks that require super high TPS or kind of you networked philosophy. I'm not going to lie to you and say, Hey, we're trying to be the fastest blockchain that exists.
We're not right. Nor do we need to be. That's not necessarily the use case of NFC transactions. Right. You know, do you care if it's going to take you 0.01 second or one second, per se? I don't know. Probably not. Right. You know, if you're paying less, if you're getting all this core functionality associated with it, but it also doesn't have to be because we're not necessarily dealing with, you know, high velocity, high volume financial transactions.
And so for us, we can basically offset some of the, you know, maybe latency associated with proof of work, but get that reliability, get that security and get that kind of rock solid core foundation. Okay. Yeah. That makes a lot of sense. You have some really good points there. And also like a theory wants to do a million different things all across the world, right?
So they really do need to focus on scalability. They need to actually have, you know, 10,000 transactions per second in the future, hopefully with ease too. Whereas you guys, you know, needs a certain amount of scalability, but it certainly doesn't have to be to that degree where proof of stake is necessary.
A hundred percent. So my next question, Anthony is actually about the decentralized apps on pastels network. Could you explain, are these smart contract apps, are these marketplaces that they make through your, your user interface on your website? How does that work? Yeah, no, it's a great question. So they're, they're kind of, they mirror the idea of kind of smart contracts.
So instead of using basically a smart contract standard, we've built our own kind of smart ticket standard. These are super agile, flexible tickets. So take it forward, you know, create NFC ticket for, you know, create collection, right, this and that and whatnot. And we had found this ticket systems, uh, you know, basically be better suited for, um, the way our blockchain is actually built.
Um, so we actually, you know, there's something in Bitcoin transactions called UTX. That was right at the end, the unspent transaction outputs. We can actually leverage something called pay to fake multisig to actually send data via the UTX. So model, right. Uh, and you know, by leveraging Peterrific multisig and kind of our, you know, agile ticket structure, we've created this very interesting, unique approach, um, to basically enabling platforms, to just launch applications, that lodge kind of marketplaces directly on top of us.
Um, and so that's at the core blockchain level, right. But, you know, what's really interesting is the, the actual protocols, the API APIs, et cetera, that interact via RPC directly with the underlying blockchain. So, you know, by plugging in a handful of our API APIs, you can launch anything on top of that stealth and it's going to do all that stuff for you in the backend.
And it's as easy as basically, Hey, you know, send an NFT here, right. And, you know, have it, do all this stuff and then send me back the result. Okay. Hmm. Very cool. Anthony, uh, someone out there in the chat is trying to follow you on Twitter. They say, uh, that it's not working. If you want to, you know, what your Twitter is putting my, uh, yeah.
I just updated that telegram handle. And we do have another question in the chat saying, you know, speed matters. If you're in a competitive NFT mint, is there something else that your network has to really, you know, do something like that with eating on how you can bid, uh, for the, your place? Uh, yeah, I guess if you could speak to that a little bit.
Yeah. In a competitive NFT men, as it pertains to like yeah. Scores, right? Like, like if you're trying to mend something really fast one, right. When it drops and then there's competitive pricing there. Right, right. No, so some of that stuff, right. It's the speed itself. Is something that, you know, you can basically be performing all these functions in your block.
Right. Um, but you know, do you basically, uh, I think there's a little bit of a, kind of a unique differentiator here, right? Because you have kind of that finality of transactions, but you also have kind of the actual, you know, blocks, you know, time per block, per se, and what can actually happen within each block itself.
So, you know, it is actually tracking, um, everything actually to the core, you know, millisecond terms of, you know, Hey, I actually want to place this bit, I want to do this. I want to, um, have the competitive men, et cetera. I was more kind of referencing the point of, Hey, if we're getting to the point of kind of ultra high-frequency where, you know, basically we want to office get the risk of, you know, front running a $2 billion kind of, you know, um, trade and we need to leverage some sort of dark pool.
Right. Uh, you know, pastel is not necessarily that platform. Right. But we're not trying to get to the point where we have 10,000 transactions per second, um, that are just happening on the network at all points. Yeah, NFTs, you know, speed is not an issue whatsoever on pastel. Thanks for clearing that up. So you guys have been operating in stealth mode for basically your whole existence, but now you are out in the public.
What do we have to look forward to from pesto?
Yeah, absolutely. Absolutely. Um, so what's the super exciting what's going on over time down the road, we basically have, you know, a handful of different partnerships of, uh, developments in the works, right? In terms of, you know, whether that's layer one marketplaces, whether that's layer two or layer one blockchains layer, two marketplaces, existing commercial enterprises that are building, launching, deploying themselves directly on top of pastel.
Um, I'd be excited to basically, you know, I'm super excited to, uh, start to announce those and kind of see that happen over the next couple of months. Um, and then we have significant updates in terms of our actual core technology that we're actually building upgrades to our protocols, upgrades, to certain mechanisms, you know, within pastel itself and then the full fledged release and launch of our on-market.
Awesome. Make sure you guys go check out pastel and Anthony on Twitter, connected them to stay up to date. Uh, we appreciate you coming on Anthony. Really great conversation. Hope to have you back again in the future. Awesome. Sounds good. I, thanks guys. Have a good one. Thank you. See ya. All right. So we are just about out of time, but we, uh, um, circling back to ICP, I say a, it could be a really big, really successful project, uh, but check out their vesting schedule.
Uh, so you don't get rubbed by the developers, um, selling off all of their initial shares. That's what happened earlier this year. So maybe it's over, maybe not definitely a promising, but high risk, I'd say. Um, but yeah, yeah. I'll give you my super short take on that too. I was pretty hype when it release, I looked through their docs and whatnot.
It seems super promising. They have a really impressive and really large team behind the coin. Um, but like Logan said, a lot of those coins were vested. They got them for like $2 back, like four or five years ago. At this point it's been in development for a really long time. And a lot of those people probably did.
Profits once it went public. Uh, so that's what they did. Right. And that pushed on the price a lot. And now it's right around 40 to $50 and it hasn't been performing too well. I still think it is a solid project, but it'll be interesting to see where the price goes and how much, you know, these private investors still own.
And like, if they could actually keep pushing this price down or, you know, our retail traders really going to be so hyped to keep buying this up and, you know, drive the price back up to close to a thousand dollars like it was at earlier this year, which I'm not too sure about, but I still think it's a solid $2,800.
Look at this. Sheesh. Yeah. That must've been right when they launched it. Yeah, that is insane. And it's just been, I mean, this looks like a rug, but they have a lot of good, a lot of good stuff going on on their, on their website if it's to be believed. So, um, Definitely some potential. Thanks for the two bucks.
All right, Ryan, that is all we have time for today. Uh, so everyone out there hope you have a great weekend, have a happy Halloween and make sure to stay safe. Crypto markets, this hot it's dangerous. It's dangerous out there. Did you know, nearly all stock price changes of 10% or more result from a single news headline.
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