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Episode · Nov 4, 2024 ·

ATC: $PNUT $THON memecoin Valhalla?

On the mic

Summary

0:04:07

Meme Coin Trenches Heat Up

Dave welcomed listeners the day before the US election, and urged sharing the space. Samara described getting rugged with liquidity leaving meme markets, and advised staying away from pumped fronts and dex screening. NatNat highlighted the wild week ahead featuring both election day and a two day FOMC meeting.

0:12:16

Thon Surges Past 51 Percent

Dave reported Thon up over 51 percent with Thonswap soft launch, and talks underway with Tronlink and Sunswap to simplify bridging and swapping. Dave added that fees will generate revenue for the meme coin while a community multisig and staking platform are planned, with most supply expected to stake early.

0:19:28

Peanut the Squirrel Phenomenon

Kool explained why people latched onto the Peanut the squirrel story as a symbol of government overreach and frustration with certain states. Landy echoed that the narrative has grown beyond the squirrel into broader resistance against government overreach.

0:23:09Dave discloses he launched Peanut and explains what he did with the money from selling some

0:29:14Landy asks for votes for Moist Sock retroactive funding through Zero Authority DAO

Moments0:19:28
0:31:29

Election Uncertainty and Hedging

Dave noted Polymarket odds tightened to Trump 53, Kamala 47 with massive early voting turnout. Kool said he is hedged for either outcome because results may not be clear on Tuesday night. NatNat and Landy discussed Bitcoin miner electrical costs now at 48000, and key levels with Wall Street expecting a 25 basis point rate cut at Thursday's FOMC.

0:31:29Election and market scenarios, and hedging both ways

0:50:57

Crypto Institutional Moves

Dave highlighted Chris Dixon's 23 million dollar donation to the Fairshake crypto super PAC, and Standard Chartered's Zodiac custody raising 50 million for crypto expansion. Dave also covered Circle expanding USDC into Hong Kong ahead of a public listing there. The group shared stories about explaining meme coins and Bitcoin to parents and kids, with Landy revealing his mom is an accredited investor who owns Pepe and other Solana memes.

1:36:46NatNat previews Friday's Hedera spotlight space

Key quotes

“What makes anything successful is the ease of use.”

NatNat0:14:25Share on X

“The best thing to do in crypto is just be hedged either way.”

Kool0:33:14Share on X

“The minute your portfolio hinges on a candidate or a person or a tweet or whatever, we're doing it wrong.”

NatNat0:36:22Share on X

“No matter what happens on on, Tuesday, markets still desire to make profits.”

Landy0:41:36Share on X

“Like, we can still do good things and still win at the end of the day.”

Dave0:23:09Share on X

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Show discussion, not financial advice.