Altcoin Cycle Analysis — Full Breakdown & Transcript

[00:00] All right, we got the Nvidia results last night,  and they were amazing. And so we get to live   another day. We basically get to live another  day. Bitcoin was over $80,000 this morning,   slightly coming back to $79,143. But if you look  at the altcoins, look at that. That's what the  

[00:16] altcoins are doing today. And that's actually  what the altcoins have been doing for the last   week and what the altcoins have been doing for  the last month. Not only are the altcoins moving,   but if you take the altcoins and you compare  them to Bitcoin, so you basically say,  

[00:32] how have the altcoins performed in Bitcoin since  this recovery? Let me show you what basically   happens. What you start seeing is that there are  a lot of good altcoins that are performing very,  

[00:44] very, very well against Bitcoin. What I want to  talk to you about today is the altcoins, and I   want to show you why I think that the last cycle  was very much powered by Bitcoin. But actually,   I think that this cycle is going to be very,  very, very much an altcoin cycle. And I think  

[00:58] that I've got all the data to basically show you  why I think this cycle is actually going to be an   altcoin cycle. And I'm going to show you exactly  which altcoins are going to be the ones driving   the cycle. And I'm going to show you one altcoin  chart today, which is the best altcoin chart that  

[01:14] the fundamentals. So, today is about altcoins. I  recommend that if you're not an altcoin person,   let's just say that you're a Bitcoin maxi.  If you're a Bitcoin maxi, my suggestion is  

[01:30] after about six or seven minutes of the show,  you can log off. If you're an altcoin Degen,   I think you're going to love the show  today. Let's get the show on the road.

[01:48] GM to everyone that's not a Bitcoin maxi. That's  today. Today's show is a GM to everyone who's not   a Bitcoin maxi. And when I say GM, I want to just  show you what I mean by GM because for those of  

[02:00] you who don't know what GM means, it means good  morning. It also means when the bubbles are green,   we greet each other and we say to each other, GM,  GM, GM, wakey wakey, rise and shine. We're going   to be talking about altcoins today after about  minute six of the show. So if you're a Bitcoin  

[02:13] maxi, after minute six of the show, I suggest  that you log off and go and watch another channel.   For those of you who are altcoin maxis, I think  you're going to love the show today. First of all,  

[02:27] we got the Nvidia results yesterday. I'm proud  to say that 247 Wire, which is our news wire   business where you can get it for free, by the  way, was the first to report the Nvidia results.   Can you believe it? We were the first to report  the Nvidia results. Net revenue from Nvidia:  

[02:41] $96.2 billion. Can I just say something? Hardest,  if there's a news service that is free on Twitter   and gives you news first, and all you have to do  is follow them, is there any reason not to follow  

[02:54] them? Just go to 247 and just follow. Is there  any reason in the world not to follow them? No   reason not to. No reason not to. Some people,  believe it or not, some people don't. Anyway,   be that as it may, their revenue is $96.2 billion  for Quarter 2. You know what that means? It means  

[03:10] that their revenue is a billion dollars a day. A  billion every single day. Their adjusted earnings   per share analysts were expecting 2.1. They got  2.22. Their data center revenue: $90 billion,  

[03:24] etc., etc. Now the main thing is that for the  outlook of Q3 revenue, they actually reported a   higher outlook. In other words, the analysts were  expecting 104 and they're now looking at 108. So  

[03:37] they revised their Q3 outlook, which makes a big  difference. And so when we look at Nvidia today,   Nvidia is up 5.75%. Yeah, I mean incredible. If  you look at the 2028, so they actually made a  

[03:53] comment about 2028. We expect to grow by  approximately 70% in the fiscal year of   2028. This is a supply-constrained outlook. Do you  understand what's happening here? These guys are,  

[04:10] can you imagine a business that has a market  capitalization of exactly $5.37 trillion coming   out and saying, "We expect to grow 70%  next year," a business that is turning  

[04:26] over a billion dollars a day and expects to  grow 70%? And they're saying the only reason   why we're saying that is because we have a  supply-constrained outlook. Can you imagine?

[04:40] We could have made more money, but we have  supply constraints, but we're going to make   70% next year, more than we made this year.  And people say AI is in a bubble. I mean,   there could be a bubble because there's all that,  you know, Nvidia in bed with ChatGPT and then  

[04:54] we're talking about altcoins. We do have one more  bombshell tomorrow that could maybe slightly ruin   the party, and that is that we've got Jackson Hole  tomorrow. So tomorrow we have Jackson Hole. What  

[05:08] do we mean by Jackson Hole? Tomorrow the leaders  of the monetary leaders basically meet at Jackson   Hole. Powell is going to be speaking. Walter  Bloomberg says the following: he says, "Look,   one of the things that Powell is going to be  speaking about is Fed independence." I wonder  

[05:23] what Powell is going to say because he hasn't  said much up until now. And that's the game   that he seems to be playing, and anything that he  does say could be seen as forward guidance. But   he may have a lot to do or a lot to comment about  specifically around Scott Bessent's war against  

[05:39] treasuries. So all eyes on Jerome Powell tomorrow.  Of course, as always, we will be live right here   as soon as he starts talking. And that's 10:00 AM  EST. So tomorrow, 10:00 AM EST, we will be live  

[05:51] right here bringing you Jerome Powell speaking  live at Jackson Hole. All right, let's talk  

[06:05] about the cycle. Let's talk about the altcoins.  Let's talk about everything else. So I do know,   and I have heard from a lot of people, that there  are a lot of people that still don't believe that   we are in the bull market cycle. And the reason  they don't believe it is they think there's going  

[06:17] to be one more leg down. And as I said before, it  is possible. I mean, if you look at the four-year   cycle, we should have had that leg down over here.  But I showed you yesterday why I think that that   leg down isn't going to happen. I'll show you some  more data points today, and then we'll talk about  

[06:29] specifically the altcoins. But one is, we did  bounce off the 200-week SMA. I told you yesterday   that that's a key level. In 2017, that is when  we bottomed. In the cycle before 2017, that's  

[06:42] where we bottomed. 2012, 2013, 2014 cycle here. We  bottomed in 2017. We bottomed on this cycle. And   the only one that we didn't bottom is 2021. So it  actually looks like 2021 could be the exception,  

[06:59] not the actual. So one, two, three, four times we  bounced off the 200-week MA. In 2021, we didn't   break the 200-week MA. On top of that, if you look  at time spent in oversold conditions on the RSI,  

[07:13] so you basically look at the RSI, you say, how  long did we spend in the oversold condition   on the RSI before we actually bounce back to  bull market levels? In the first bear market,   it was 308 days. In the second bear market, 301  days. In the third bear market, 273 days. And  

[07:28] in the fourth bear market, 280 days. So what you  can see is that from a number of days below the   oversold conditions on the RSI, what you can see  is that there is a possibility that that happened.  

[07:43] I want to talk about something else because that  is like bottom signals. But I also want to show   you what happens around gold. I've said to you  a few times that generally gold tops, and that's   when Bitcoin actually starts to run. So that's  generally what happens. And if you look at gold,  

[07:58] gold actually topped sometime around February,  and Bitcoin didn't run. Bitcoin was a very, very,   very neglected time. Now gold started to run, and  Bitcoin has started to be very correlated to gold.   is in previous cycles, generally gold tops, then  copper starts to run with Bitcoin. So gold tops,  

[08:19] then copper starts to run with Bitcoin. It  happened here in 2017. It happened here in 2021,   and it happened here. Generally, copper starts  running just before Bitcoin. It's usually just   after gold tops. Now let's pull up the copper  chart. This is the copper chart. Copper is  

[08:34] about to break all-time highs. And copper actually  started a very, very, very strong run over here,   and that was the 24th of June. Now let me show  you where this gets a little bit more exciting.   We know that Bitcoin and copper usually  run together, and it's usually sometime  

[08:50] after gold tops. That's copper. Copper about  to break all-time highs, about to go into price   discovery. Now, we know what happens to charts  when they go into price discovery. And then it   but we'll try this. Copper divided by gold.  I want to see if I can show you this chart.

[09:18] Okay, so look at when copper broke out against  gold. Somewhere around February, right? That's the   part where gold topped. Then gold had a run, and  now copper is starting to run. Now pay attention.   This is what I want to show you. Gold starts  running. Gold runs, sorry, copper Bitcoin runs  

[09:36] after gold tops and when copper starts to run.  Also, Bitcoin generally runs after the ISM hits   50 or 55. So, generally, if you look at previous  cycles, Bitcoin usually runs when the economy is  

[09:49] in such a healthy state that the ISM is above  50 or 55. Now, this is the 2013 cycle. That's   the 2017 cycle. That's the 2021 cycle. And here  we are today. I don't know if you remember, but  

[10:03] we reported the ISM, and we said the ISM hit 54.  And it was so disappointing that the ISM hit 54,   and Bitcoin hadn't started running. And now what  it looks like is happening, Bitcoin is finally   starting to catch up to the ISM trade. So that's  the Bitcoin trade, and that's why I think that, I  

[10:17] mean, those are just some more mitigating reasons  why I think that the bear market is over. Now if   you are a Bitcoin maxi, thank you for joining us.  If you haven't already subscribed to the channel,   subscribe to the channel. Hit like, hit subscribe.  What else do we normally do? Someone says, "Happy  

[10:31] birthday, Ran." Thank you very much, guys. Really  appreciate it. It is my birthday today. Yes,   it is my birthday. So yes, if you are a Bitcoin  maxi, thank you for joining us. We'll see you   again tomorrow. Until then, trade well, my  friends. Hardest, don't end the show. Okay.  

[10:45] Don't end the show, okay? Because if you're an  altcoin maxi, the show just begins. So, right now,   if you're an altcoin maxi, this is the part that  you should be paying attention to. If you're a   Bitcoin maxi, as I said, thank you. Trade well, my  friends. All right, let's talk about altcoins and  

[10:58] why I think this cycle is going to be powered  by altcoins. So I want to look at the charts,   and then I want to talk about the story that  I believe the charts are telling us. Okay. So   first we're going to look at the charts, and  then I'm going to translate or interpret the  

[11:13] charts into a story. Okay. So let me give you the  charts first. This is the ETH/BTC chart. This is   a nine-year downtrend. Okay. This is literally a  nine-year weekly downtrend. And as you can see,  

[11:27] we have just broken out of a nine-year weekly  downtrend. What does that mean? If you were to   translate this into English, what you would say is  that there was a token called Bitcoin, and then we  

[11:40] launched a new technology. So Bitcoin launched  the blockchain technology, and ETH launched the   smart contract blockchain technology. Now what is  the difference between smart contract blockchain   technology and Bitcoin blockchain technology?  Bitcoin is digital store of value. Maybe you could  

[11:56] say Bitcoin is digital money, right? And Bitcoin  was the king. And then Ethereum launched. What   did Ethereum launch? Ethereum launched to make  money programmable and for people to be able to  

[12:10] do contracts in order to receive this money. So  almost think about it as Bitcoin was the money,   and Ethereum was the contracts for people to  receive this money because Ethereum enabled   this thing called smart contracts, right? And what  you can see is that for nine years, Ethereum was  

[12:26] in a downtrend against Bitcoin. Okay? So, and  it just broke out. Now, I'm going to tell you   the rest of the story, but before we get there, I  want to show you another chart. Exhibit B. This is   the others against BTC. Okay? So, others, meaning  altcoins, against Bitcoin. And you can see that  

[12:44] they were on an uptrend, and they keep bouncing  on this very, very, very mild uptrend. And what   you can see here, which is the important part that  I want you to look at, is that this one was 370%,  

[12:56] and this one is 574%. And now we're going  potentially into the third cycle. And if we   go into the third cycle, what we kind of expect is  it to go higher than this line over here. In fact,   I'm going to draw you the chart here. But I  don't want to ruin that chart. We're going to,  

[13:10] let's not ruin that chart either. Let's bring this  chart here, and let me draw for you others. This   is going to blow your mind. This, the next part  of the analysis, is going to blow your mind. Okay,  

[13:23] let's see if this works. Okay, amazing. Now,  let's go on to, I think we can go on to a weekly,   and that'll pretty much work. And let us draw  a line which goes from here up to here, and we  

[13:36] You see exactly where I'm going with this because  remember, first I'm going to give you the charts,   goes to, I don't even know. I don't even actually  know if someone knows how to actually bring this  

[13:51] back. I mean, without, I mean, I can squash the  chart. I can't squash the chart with this mouse   pad, but okay. All right. You get where this is  going. Okay. So you have this chart over here,   which is the ETH/BTC chart, which is the chart of  the biggest smart contract or the biggest use case  

[14:14] of blockchain after the store of value or money  use case. Right? And this you could call as the   chart of all the other, of all the applications  of this smart money. You get it? So Bitcoin is  

[14:29] the smart money. That's all it actually is. And  this is a chart of how all the applications using   this technology are actually progressing. Cool.  What you can say is that since ETH launched and  

[14:45] topped on the excitement, it crashed because it  hasn't been able to fulfill any use cases that   people intended it for it to fill. Almost think  about the chart of the NASDAQ and the internet,   right? Basically, you had the NASDAQ exploding,  and then you had the big 2001 crash. Why? Because  

[15:01] the internet wasn't, you couldn't actually use it.  That's exactly what happened to Ethereum. Ethereum   launched, everybody spoke about smart contracts,  right? After smart contracts, basically people   realized that smart contracts weren't useful,  they were too slow, they were too expensive,  

[15:16] etc., etc., until eventually we got to a  point where people said, "Hold on a second.   This technology is actually ready, and it works,  right?" And now ETH is breaking out of a nine-year  

[15:28] development cycle where the technology hasn't been  useful for anything practical to a point where now   there are thousands and thousands and thousands  of applications. What are those applications?   tokenizing of commodities, actual trading, actual  smart contracts which are being used, derivatives,  

[15:49] etc., etc. They're now starting to work. For  nine years, they've been pretty much not usable,   specifically not usable on ETH. And now we're  starting to see them actually be applied in the   real world. And now you're getting a breakout. And  it's the same thing with altcoins. If you look at  

[16:03] altcoins or the applications that we're actually  talking about, right, they have been not useful,   not useful, not useful. But there have been  various hype cycles, and now we look like   we might be going into our biggest hype cycle.  Higher high. So yeah, higher high, higher high,  

[16:19] higher high, going higher high. And I kind of  think that this is basically where it goes,   right? We're going to get into this channel. This  channel is just going to take us way, way, way,   way further up. So if we were to extrapolate that  pattern, you could almost say that you'd get a  

[16:34] line going up like that, and eventually you'd get  this line going over like $12 trillion or whatever   else at the end of the cycle. Why? Because up  until now, the technology hasn't been ready. The   technology hasn't been useful for anything. But  now finally, everything is going into blockchains.  

[16:51] Everything, everything, everything is basically  going onto blockchains. Stocks, etc., etc.,   all going onto blockchains. And so what you're  getting is you're getting a cycle that is driven   around actual use cases of technologies, not the  promise of use cases of technology. So this cycle,  

[17:09] this whole cycle was the promise of use cases  of technology. The technology was sound. The   technology was Bitcoin. It was sound, but the  use cases were just here, they were delusional,   like the dot-com cycle. Here people thought,  okay, maybe there's a chance. Now people are  

[17:24] actually starting to use them, and maybe that's  the breakout. So the chart actually tells a story,   right? So the charts actually tell a story here.  The technology wasn't ready. The technology is   ready. Actually, the technology is so ready that  we think that the next cycle is going to really be  

[17:41] very, very big. And again, I can't even, I can't  even stretch that chart here, but basically it   goes up there. ETH has been coiling for literally  five years. It's been in this range for five years   in this pattern called an ascending triangle.  And now it's pretty much ready to explode.  

[17:57] etc. But there's nothing exciting that's going  to be happening on Bitcoin from this point on.   Everyone knows what Bitcoin is. Everyone knows how  it's going to work, etc., etc. What you're seeing   here is that the next cycle is actually going to  be led by the altcoins. If the charts are right,  

[18:14] the next cycle becomes a parabolic exponential  chart. As you can see over here, parabolic. Let   me try and get this down. Hold on. Let me try and,  I've got a very non-sensitive mouse pad here. So,  

[18:28] we're going to have to just bear with me here.  Okay. We're going to like try and do it like this.   Okay. See? So, there we go. Okay. And literally  like, I don't know. Oh, man. Let's try more. Okay.  

[18:42] I just, again, we're just, we're messing around  here. I'm giving you, I'm giving you the theory,   but I want to show you how high and how fast this  thing can actually go. So, this is where we are   today. No use cases. Now there's all of a sudden  thousands of use cases for blockchain. In fact,  

[18:56] the SEC and stocks and money and commodities and  currencies and whatever else. And we're basically   going to extrapolate here just for fun. And we're  going to go to the top of this channel over here.   And we're going to get to a, okay, great trend  line. Hold on. Let me, let me get this. Let me try  

[19:11] and catch this trend line here. Okay, there it is.  Okay, so imagine that we, you see the problem is I   have to now squish it a bit more. But I mean, that  shows you, I want to show you how high this cycle   will go specifically around the altcoins. So let's  say that it goes all the way up to there, and we  

[19:30] meet this line meets us here at $20 trillion, and  the market now is at $2.5 trillion. That would be   an 8x on the market. Right now you say, okay, but  an 8x, but we did get an 8x from here or 5x from  

[19:43] here to here. So if you look at here to here, we  actually did get a 5x when there was not a single   use case for the altcoins. We got a 6x. So if we  were to say, okay, what about when we actually do   have use cases and there's derivatives and there's  and everything else, is it possible for us to get  

[19:58] a six or seven or 8x here? And the answer is  definitely yes. And that's why I think that   this cycle is going to be driven by the altcoins.  The charts are telling me exactly that story, and   the fundamentals are telling me exactly the same  story. And that's why the altcoins are running.  

[20:12] And you can already see that there are a lot of  altcoins that when you compare them to Bitcoin,   are basically leaving Bitcoin behind. Hyperliquid  left Bitcoin behind this cycle. Why? Because   there's a real use case for Hyperliquid.  Zcash left Bitcoin behind this cycle. Why?  

[20:26] Because there's a real use case for Zcash. It's  private money. Solana just started to move against   Bitcoin. There's tons. Basically, I guarantee you  that if you go look at any chart that has a use  

[20:38] case, then that chart has outperformed Bitcoin.  If you look at any chart this cycle that has a   use case that is going to be much bigger. Let  me show you an example. Pump.fun. Pump.fun USD  

[20:53] to BTC. Divided by BTC USD. I mean, we know this.  We know this. Yeah. Pump.fun divided by BTC USD,   vertical line up. Why? Because it has a use case,  and it's actually being used. Altcoins that have a  

[21:09] use case and are actually being used have already  outperformed Bitcoin this cycle because that's   what this cycle's about. That's what the cycle's  about. And this cycle will follow this chart   over here, or sorry, this chart over here, and  eventually we will get to $20 trillion. That is,  

[21:28] by the way, that's my base case for where we end  up in the cycle. $20 trillion, and we're on $2.46   trillion right now. Charts are telling me the  story. The use case of the technology is telling  

[21:41] me the story. And if the AI trade takes off and  agents start using blockchain, then it really does   become, not if, when, game over. And so what I  did was I started looking for which altcoins to be  

[21:54] investing in, and I posted this in Front Runners  earlier. I said, "Look, guys, honestly, SOL is   the best chart in crypto today, and I've taken a  leverage bet on SOL." I took it in a big account,   but I also took a small position here in my TX  Flow account. So, here is the position on TX Flow.  

[22:10] I took a 10x leverage on Solana. I bought 500 SOL.  Right now, I'm $66 down. My entry point was $105.   It's trading at $105. Why did I take it? It's  the best chart in crypto right now. Really, if  

[22:22] you look at this chart and you look at this chart  that's just over here, broken through this. Look   at that. Look at this support resistance. Look how  long this support resistance level has been. Okay,   it's literally this whole support resistance level  over here. It's just, just, just broken out of it.  

[22:40] Where's the next level here? 140. Like, where are  the next levels here? 140 is the next level, the   way I see it. 150. So I took a leverage long on TX  Flow. This is a decentralized perpetuals DEX. Just   like Hyperliquid, if you start farming it now, you  will earn a boatload of points because of Banter,  

[22:57] you are getting your points before everybody else.  You will earn a boatload. Okay, so there is a   link for you guys here. Use that. Use the thing,  Banter. You get a discount on your fees. You can   trade with me. You can follow my trades, and you  also get points before anybody else starts getting  

[23:12] else, and then game over for you guys. All  right. Let's talk about, so, let's go back to it.   In terms of the majors, SOL, best performing major  since the breakout, okay, against ETH and against  

[23:25] Bitcoin. If you look at SOL specifically against  Bitcoin, look at Solana specifically against   against Bitcoin. Why? Because it's part of the  coins for the new cycle. It also bounced off a  

[23:39] very long-term support line over here. So again,  let's look at the charts and let's tell the story.   The charts are giving us what's going on, and the  story is our interpretation of why we think this   is happening. So let's look at the fundamentals.  Why is this actually happening on Solana? Well,  

[23:55] if you look at the SOL fundamentals, what you'll  realize is that SOL is actually exploding. That's   Solana transaction activity. And I'm going to go  further back just so you can get some perspective  

[24:07] here. So that is, that is the, okay, don't  know what I did there. Okay, that is the Solana   transaction activity. Okay. You can see it's  increasing exponentially. It's not at bull market.   Yeah, it is. It's actually much further. So, by  the way, these dashboards are from Blockworks.  

[24:21] And I want to tell you that if you're in crypto  right now and you don't have data like this,   and Blockworks gives you all this data. If you're  in crypto right now, you don't have this kind of   data, you can't play the game. We're not sponsored  by Blockworks. I just have to show you that the  

[24:36] level of their data is unparalleled. Literally  unparalleled. So, kudos to the guys at Blockworks.   They also bought Messari recently, and they're  doing amazing things. Friends in the industry. All   right. So why do I say this? Because if you look  at the metrics on Solana, which are all available  

[24:50] on Blockworks to anyone who wants to do it, what  you can see is that number one, the transaction   activity is really, really, really growing. So  you got to ask yourself, why is the transaction   activity still really growing? And the answer  actually lies in Pump.fun and a new app, well, not  

[25:07] a new app, it's quite old now, called FOMO. Right.  So, what are these, Pump.fun and FOMO? They are   social trading apps, right? If you, I mean, if you  go look at the Pump.fun app, which I've showed you   guys on the phone, right? It is a social trading  app. That's what it is. It's social trading. It's  

[25:23] people sharing trading ideas specifically on the  trenches and them trading. Now, where are these   trenches? The trenches are on Solana. That's FOMO.  That's Pump.fun. The two of them are competing for   market share. The two of them are competing here  for market share, specifically in the trenches.  

[25:39] Unbelievably addictive. Both apps, I want to  say, are unbelievably, unbelievably addictive,   and they are driving this massive bull market  on-chain. And yes, on-chain is not only in Solana,  

[25:53] but I want to show you something here. Yeah, this,  I think it's this chart over here. So, wait. Yeah,   I think it's, wait, hold on. Where's that chart?  Hold on. I think it's this one. Yeah. No, not,  

[26:09] okay. I'll show you the chart in one sec. I'll  definitely find the chart for you. But the fight   for the adoption of FOMO and Pump.fun. FOMO has  100,000 daily active users. Actually, more than  

[26:23] 100,000 daily active users. That's their fees and  revenue, right? That's what this app is doing.   It's like the magic super app of crypto. It's the  biggest phenomena in crypto in my mind. Now you   got two of these big use cases, and most of them  are trading on Solana. Yes, some of it's, some of  

[26:37] it's on Base, and some of it's on Robinhood, but  the majority of it is all happening on Solana.   That's the, that's the weekly trading volume on  FOMO. You can see that the majority of it is being   done on SOL, and the rest is broken up between  Base, BSC, and Robinhood, right? But ultimately,  

[26:54] most of this is actually happening on Solana.  This is part of a new trend which is called social   trading. And right now, Solana is the biggest  custodian of this social trading phenomena.   But Solana is not the only beneficiary of it. You  guys who are watching the show, and specifically  

[27:13] you guys who are watching, who are part of Front  Runners or 247 Internal, are also going to be   guys are also beneficiaries of social trading.  So that is why Solana, well, that's one of  

[27:28] the reasons why Solana is basically running. But  ultimately, the fundamentals are incredibly good,   and that's why I took a long around Solana earlier  today. I took a very big long in my one account,   and I took another long here that you guys can  follow. Okay, I'm up again. Okay, now I'm up 300  

[27:41] bucks on a, I think I'm 100% up already. Well,  no, I put, I put $5,000 margin. Okay, so, cool.   So I did call this in Front Runners. I told the  guys exactly when I'm taking the trade over here.  

[27:56] This is when I took the big leverage position. I  actually posted it. We all post all of our calls   here on Front Runners. When Solana runs, the  Solana ecosystem will also run, right? So, SOL,  

[28:08] Pump.fun, Jupiter, GTO, Camino, Raydium, all of  them, all of them will pump because there's going   to Camino. We're so underexposed to me. We're so  underexposed to Raydium and to Jupiter." And you  

[28:22] can already see it. If I was looking here earlier,  Jupiter up 21.3% this week. Okay. Yeah. Let's look   at it today. Ethena's up again. Yes, baby. Very  long Ethena. As I told you guys the other day,   I'm long Ethena TAO, which I posted in Front  Runners. As I said, it's going to break out. It  

[28:38] did actually break out. I posted it here for the  community to see. I was maybe a day early. Here we   go. I was waiting for this breakout. Here we go.  I'm, I'm waiting. I was waiting for this breakout,   and it hasn't come yet. Oh, it just came. Sorry.  That's when it just came. I think I posted much  

[28:55] earlier. I said, "I'm looking for, I'm looking for  TAO." Anyway, let's, let's, let's get back to it.   So, when this runs, all of these are also going to  run. Now, there's also, as I mentioned, this thing   around social trading, and this is where if you're  part of our Front Runners Discord group, I'm going  

[29:10] to show you something absolutely amazing. It's not  ready yet. It's not ready yet. It's only going to   be ready next Tuesday, but on Tuesday, oh, hold  on a second. Someone just posted something. Ethena   Foundation's fee switch activation. So Ethena just  activated fee switches, and that's why Ethena is  

[29:27] now running. Okay. 10% candle. Amazing. Ethena.  Ethena running because they've just implemented   a fee switch. Let's quickly just look at it over  here. ENA. Okay. There we go. Ethena. We're going  

[29:41] to get back to the, here we go. Here's the,  let's look at the one-hour candle. Okay. Okay.   a look here. All right. Let's go back. Let's  go back to this. Also, by the way, Solana has  

[29:58] governance protocols right now, which will make it  more inflationary and burn more Solana. So, again,   another, like, another thing here is that Solana's  got deflationary, deflationary tokenomics down.  

[30:15] All right. Now, let's talk about the special offer  for you guys. Okay, now I'm not supposed to show   this to you today. It's on the DevNet. Someone  said it's not inflationary. Someone says it's   not inflationary. Hold on. Not inflationary.  You see the guys in Front Runners trying to  

[30:33] catch this Ethena thing on Kapur's channel. Did  they? We have to get receipts. Kapur, we're going   to look for the receipt now, bro. He did. He  did. But here it is. He did catch it. You see,  

[30:47] I tried to catch him out that he was not, not  being truthful with us, but here it is. I mean,   here it is. Here's his entry in Front Runners. I  thought he wasn't truthful, but he actually was.   He bought it. Kapur's amazing. Boom. He just,  he just smashed it. Well done, guys. Well done.  

[31:06] Anyone in Front Runners would have caught that, or  247. All right. Now, I'm not supposed to show you   this, but in the spirit of social trading,  and in the spirit of people, someone says,   "Raise incoming." In the spirit of social trading,  and in the spirit of showing you what we're doing  

[31:22] for our community members, we are launching our  very own social trading terminal. Hardest, is my,   is my thing up there? It is up, right? Okay.  Here is, are you sure it's up? Because I can't,  

[31:37] I cannot show the address, right? It is up.  Okay. Okay. This is our very, very, very new   social trading terminal, right? How it works is,  how it works is, for initially our Front Runners,  

[31:53] it's called 247 Ideas because it's going to give  you 24/7 trading ideas. Right now, as you can see,   I'm connected it to Front Runners, and every  single post in Front Runners is here on the  

[32:06] trading terminal, which means that now you can  trade directly from the trading terminal. So,   you see Kapur said, okay, he's saying, "Took  some, short some profits on Ethena." This is   not connected, but theoretically what I would do  is I'd hit $100 short because he's taking profits,  

[32:20] and I would then be short $100. Now again, this  is not connected because it's a dev site, but   ultimately you're going to get, if you're part of  Front Runners next week on Tuesday, you're going   to get a free trading terminal that ultimately you  can trade directly. Every single call that we make  

[32:36] in our Discord, every single call that we make  in our Discord is here, right? And you are going   to be, wait, let me just, let me just quickly,  I can't, if they, if they see the thing here,   we, we're in big trouble because then it's on a  dev, it's on a dev site, and you know, if it's on  

[32:51] a dev site, people can just access it. Okay. So,  every single post in Front Runners will be here.   But it gets much, much, much better than that. A  lot better than that. If you are part of any other  

[33:04] Discord, like anyone, well, Chart Attackers,  any other Discord, all you do is you add the   feed here. You can just add the feed here, and  then you will be able to trade directly from the  

[33:17] feed. Literally, you can trade directly from the  feeds. This is ready. It's going to be given for   free to all our 247 Front Runner memberships. Now,  today I'm giving you another chance to join before  

[33:29] we launch this terminal on Tuesday. This terminal  is the most fun you're ever going to have. As I,   as I mentioned, it's not working now because it's  not connected to an account because it's all in   testing. But ultimately, you're going to be able  to plug in all your ideas here, and then you're  

[33:41] going to be able to trade from Telegram groups,  etc. Now, there is a special. I don't know what   the special actually is. It's called two. It's  this link here, 247research.frontrunners. Not only  

[33:54] do you get all the ideas, but you also get the  free terminal. You pay 50% off. You access it for   $99 for the first month. It usually costs $199.  You get the terminal, you get the news feed, and   you get the research product for free. Oh, hold  on. He says the URL leaked. How the hell did the  

[34:10] URL leak? Taking the site down. I was so careful  not to leak the URL. How did the URL leak? All   right, he's taking it down. All right, you, you've  now have one last look because, because you guys  

[34:24] are too, it leaked. Okay, I leaked it by mistake.  Okay, the URL leaked. He said he's taking down the   site. Rubbish, man. You guys are too good. You  guys are too good. Anyway, you get the message.  

[34:36] In a week, there's going to be a social trading  terminal. It's called 247 Ideas. Any idea that you   get to trade, you can actually trade directly  from the terminal within milliseconds, guys.   and you're getting all the Front Runner calls, and  so it's literally free to anyone in 247 Research  

[34:58] Group, which is our, our, our, 247 Research Group,  247 News. You're getting it, you're getting it   terminal, you can trade directly from the terminal  in milliseconds. You'll be able to chat to all  

[35:14] the other members, take profit, stop losses,  everything else. Okay, he's telling me he has to   take the, the URL leaked. Have to take site down  before they start breaking it. All right. Okay,   you can take it down. What else? I wanted to talk  about Zcash. So, we were a little bit concerned  

[35:30] after the ETF launched. We were a little bit  concerned because the ETF launched, and there was,   and the price started to go down. We discovered  subsequently that there is a big seller. They have  

[35:44] unshielded 65,800 Zcash, or roughly 0.4% of Zcash  supply, and they've already sold, they've sold   53,900. They got 10,000 more to sell, and then  it's back to Valhalla. So, you've seen it. Here  

[35:58] it is. We're monitoring these wallets again. We're  monitoring the wallets in 247 Research. There's   a full section to the wallets being monitored. I  think if I'm not mistaken, it's in Ly's channel.  

[36:11] Is it in Ly's channel? Researchers, let me know  where exactly we keep this. No, it's not that.   It's maybe on-chain finds. Is it on-chain  finds? Okay, it's somewhere in here. I mean,  

[36:26] I don't know exactly where every URL leaked.  Okay, I'm sorry. I'm sorry, Mr. Developer. I'm   so sorry for leaking your URL. I didn't mean to  destroy your day's work today and make you have   to take down your URL. I think that's it. Remember  to sign up to 247 Internal and remember to farm  

[36:43] points on TX Flow. Use the links below. I will  see you guys again tomorrow. Wait, wait, wait,   before you, before, before. Can we just look at  this chart again? Can we just all just, hold on.  

[36:57] Can we just all for two seconds just look at this  chart again? And can we just all for two seconds   just live in a little fantasy world that this  basically happens? It's not impossible. It's not  

[37:11] impossible. It's not impossible. Let me know what  you think in the comments. All right. I'll see you   guys again tomorrow. I'm going to go celebrate  my birthday. Until then, trade well, my friends.