On the mic
Summary
The hosts opened with Nancy Pelosi voting in favor of the FIT 21 crypto bill. They called it a possible turning point and talked about her trading record and how politicians are becoming open to crypto. Kool reacted to CNBC discussing the possibility of a spot Solana ETF, and the panel then debated whether a US recession would drag crypto down, how BlackRock's Bitcoin inflows look, and whether too much consensus is itself a warning sign. The main story was a trader who turned 13 SOL into about $2.26 million on a new meme coin within eight hours. The panel compared that insider-style trade with a long-term Pepe holder and shared views on risk, conviction and when to cut losses on meme coins. The space closed with each speaker guessing which meme coin Nancy Pelosi might buy and whether the Ethereum ETF approval would be a sell-the-news event. All of this is discussion, not financial advice.
Chapters
Crypto Twitter's influence, Trump's support for crypto and politicians' incentivesMomentAt 0:08:11 on X
CNBC discusses a possible spot Solana ETF, and how media once called Bitcoin dead at 6kMomentAt 0:14:59 on X
Round table: Pelosi's first meme coin and whether the ETH ETF is a sell-the-news eventMomentAt 1:17:23 on X
Key quotes
“Mark my words. This is going to be the turning point.”
Dave0:04:35Share on X
“You gotta stick to the macro and chart on this one, and that's what I'm gonna be doing.”
MMainnet News0:29:11Share on X
“This guy bought this thing when the market was absolutely dead, when me coins were dead.”
Kool0:54:36Share on X
“The more excited you are, the more likely you're gonna make mistakes.”
Excerpts
Pelosi's vote on the crypto bill framed as a turning point
- 0:04:35 Dave Bro, let's... Like, I I I can't I can't hold this anymore. Like, seriously, like, the fact that... Mark my words. This is going to be the turning point. Okay? Of all the things, this is the news that is going to be the…
- 0:05:35 Kool It it it did. Can you can you tell them who that is? That's Pelosi and and what was was her her position, how much power she has. Yeah. Yeah.
Pelosi's influence, trading record and copy trading of her portfolio
- 0:05:43 Dave Yeah. So Nancy Pelosi is the... Oh my god. She is the former speaker of the house in Trump's last term. Right? Obviously, the deputy had some power, but she is the most influential politician. Right? Like, I would say…
Crypto Twitter's influence, Trump's support for crypto and politicians' incentives
- 0:08:11 Kool Yo, Dave. It's it's it's insane. I mean, like, I'm I'm I'm I'm I'm kinda... I'm tired. Tired meaning I just... I don't even know what to say, man. I'm a little bit tired because, man, I just... I know how big this is…
- 0:13:49 Dave Yo. This is... Like, I'm I'm, like, literally just trying to, like, fucking... I'm I'm fuming out the ears, but I'm happy at the same time. Right? Like, this is a good thing. You know what I mean? Like, and and for…
CNBC discusses a possible spot Solana ETF, and how media once called Bitcoin dead at 6k
- 0:14:59 Kool Yeah. Yeah. They... Like I said, the the... These guys are inside of trading, and no one says anything. They're making hundreds of millions of dollars, and that's the reason why I always talk about how you have to look…
- 0:19:19 Kool you tell them... Explain to them exactly what the f f f I t 21 bill? What is
What FIT 21 is, Gensler's opposition and the White House statement
- 0:19:25 Dave it? Yeah. So this is actually... If you guys remember, like, this is exactly what we, what we talked about. I think... Was it... I... I'm pretty sure it was yesterday. Yeah. I'm almost positive that it was, that it was…
Recession outlook, the shrinking middle class and comparisons to Nigeria
- 0:22:40 Kool Yeah. Yeah, Dave. So so... Okay. So we we are tied now. We are married to The US stock markets. Whatever happens to the stock markets, that's where we go. Right? Now the problem with the with the recession thing is, in…
- 0:27:39 Kool Oh, it's not. Dave, we've been we've been in research research for a long time. So if if this... And that... Let... Let's get back to the asset thing again. Right? So the problem with with with the... We are in a…
- 0:28:42 Kool No. I know. Boy, it's... Oh, it's tomorrow. Tomorrow, Dave's... Actually, I was gonna talk about that. So the SEC, they came out with a statement. They have, an announcement tomorrow. I'm not sure what time, but it's…
Ignoring crash predictions and sticking with the four year and election cycles
- 0:29:11 Mainnet News Yo. Yo. What's going on, fellas? What's going on, fellas? It's it's just actually only prop, but in my, other... My proprietary crypto account. Look But no, man. But... Yeah. Nah. He was definitely cooking, man. I I I…
- 0:31:42 Dave That's a man that literally learns his lesson. Like, he's been through it. He's like, yeah. I learned my fucking lesson. Like, I... Yeah. And I think the the other catalyst to that is how crazy is it that, like, Jamie…
BlackRock Bitcoin inflows and the risk of everyone being on the same side
- 0:35:58 Dave And and on top of that, like, when we talk about... And and we're gonna move past this because I don't want this to be like, man, everything is so dire. This is supposed to be a good fucking space right now. Like, we…
- 0:38:09 Kool No. You're you're right, though. It's it's something that... That's being talked about a lot when when everybody's... You know, has an agreement, the opposite opposite happens. But this is something that we've never…
- 0:41:43 Dave Yeah. That's what I'm saying. Like, I I feel like that it it really might be prop... Like, anything else that you wanna weigh in on this topic before I I transfer over to the sole... The Solano trader that made…
The 13 SOL to $2.26 million meme coin trade and insider trading allegations
- 0:42:02 Dave Alright. Yeah. Let's... So let's... So, Prabh, let's talk about it. You ready? Listen to this one. Cool. Jay, Crypto Trader, okay, turns 2.2 of sold to 2,260,000 within eight hours on a meme coin trade. Okay? This…
- 0:45:34 Kool See? See my point? That's my point. So when these kind of stories go on on on... Through the timeline, the average person that's uneducated and inpatient, guess what they're doing? They're selling their their their…
- 0:47:32 Mainnet News this this space this way. You know? We have commodities. We have banking. We have gaming. We have different different services for different things that you could do online. We have social media. We have... What do you…
The Pepe holder who turned $464 into $3.2 million
- 0:53:34 Dave Yeah. First, they ignore you, then they laugh at you, then they fight you, then you win. Right? Like, it's like the same circle over and over again. But here's the... Here's one. JT, I'm gonna pose this one to you…
- 0:56:42 Kool fucking stinger, bro. It's gonna sting for a bit, but trust me, you're gonna move on, man.
- 0:59:19 Dave Yep. No. I go See? Nah. Hold on. Yeah. I'm I'm gonna take I'm gonna take the screenshot, and I'm gonna pin it up. Literally... Hey, babe. Wow. Oh my god. I cheated it for sure. I'm I'm cheated. I didn't even own it. I…
How the meme coin game has changed, and learning from other communities
- 1:01:23 Kool Yeah. Remember remember, Dave, when I when I I've been saying the game has changed? I've been saying the game has changed for, like, weeks now, and I've seen this coming because it's just the the markets evolves, man…
When to cut losses on meme coins
- 1:05:34 Dave Cool. You literally just told everybody that you cheat off of the Asian kid and the Indian kid. This is high school, bro. What do you mean? Bro, twenty twenty four, man. I got, like, eight... I got, like, 20 kids I…
- 1:10:29 Kool Yeah. If if if you guys are okay, man, he's he's... He he he helps run the Wolf web free page, and he also... He's really big into the NEAR ecosystem. So if you guys want... Wanna wanna learn about the NEAR NEAR…
- 1:16:36 Dave Shout out MVP. Don't forget for you. I know the MAGA but my MVP meme coin. Let's fucking go pump that shit. No. I'm kidding. I'm kidding. I'm kidding. I'm kidding.
Round table: Pelosi's first meme coin and whether the ETH ETF is a sell-the-news event
- 1:17:23 Dave So let me ask you guys this. And, Prabha, I'm gonna come to you right now. So we we got thirteen... We got twelve, thirteen minutes left, in... For the space. Right? So I'm gonna ask you guys two questions, and I want…
- 1:21:23 Dave Okay. Interesting. I mean, Ethereum did pump almost 30% over the last seven days, motherfuckers. I don't know if y'all been watching. Kate, what do we think, bro? Nancy Pelosi meme coin, which one is she buying, and is…
- 1:24:30 Kool Yes. So as far as I'll say probably Dogecoin because it's more visible because she could buy it from her home by... Just from from Coinbase or... Yeah. From Coinbase, having the Coinbase app her and her husband…
Short excerpts from the auto-generated transcript. Listen on X for the full show.