Meme Coin Mania: Pudgy Penguin's $PENGU Takeover & How to Read Meme/NFT Communities

Summary

CRYPTO 101: Meme Coin Mania - Pudgy Penguin's $PENGU Takeover & How to Read Meme/NFT Communities

Release Date: July 23, 2025
Hosts: Bryce Paul & Brendan Viehman
Episode Title: Meme Coin Mania: Pudgy Penguin's $PENGU Takeover & How to Read Meme/NFT Communities

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Introduction & Welcome [00:00 - 02:44]

The episode kicks off with the hosts, TiVo, Bryce Paul, and Brendan Viehman, reuniting after a few weeks to delve into the latest happenings in the crypto world. They express excitement about returning to the format their community enjoys, hinting at ongoing discussions and future episodes that will be a regular feature.

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Market Update & Macro Trends [02:44 - 09:18]

Key Topics:

• Ethereum and Bitcoin Movements:
  • Ethereum shows significant activity with treasury companies integrating it into their balance sheets.
  • Bitcoin experiences a steady climb with minor pullbacks, creating bullish sentiment.

Notable Quotes:

• Joe [03:47]: "It's great to see Ethereum having life again. So super excited to dive into that."
• Brian [06:28]: "This is the making of it. Some meme coins are probably going off."

Insights:

• Ethereum ETFs are gaining traction, closing the gap with Bitcoin ETFs, and showing consistent net inflows.
• Meme coins are experiencing a surge, marking the beginning of an altcoin season with significant potential for growth.

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Security Alert: SIM Swap Attacks [08:02 - 09:18]

The hosts address the rising threat of SIM swap attacks, emphasizing the importance of securing phone numbers to protect crypto assets. They introduce their partnership with Afani, a secure mobile service offering protection against such attacks, backed by up to $5 million in insurance.

Notable Mention:

• Promotion of Afani's services with a special discount code for listeners.

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Ethereum ETFs & Market Sentiment [09:18 - 15:23]

Discussion Points:

• Ethereum's Resilience: Ethereum continues to perform robustly, supported by ETF inflows and institutional investments.
• Bitcoin Pullback: A short-term pullback in Bitcoin's price is seen as a healthy correction, allowing institutional players to stabilize the market.
• Meme Coins Surge: The meme coin market cap reaches significant heights, indicating a potential shift toward altcoin dominance.

Notable Quotes:

• Brian [06:28]: "It's been a bull time to be talking Ethereum and all things Ethereum ETFs."
• Joe [15:23]: "Google Trends, definitely."

Insights:

• The interplay between Bitcoin and Ethereum's performance is influencing overall market trends, with meme coins riding the wave of this resurgence.
• Indicators like Google Trends and app store rankings (e.g., Coinbase app) are utilized to gauge public interest and potential market movements.

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Deep Dive: Meme Coins & NFT Communities [15:23 - 38:24]

Main Focus:

• Pudgy Penguin's Rise:
  • Initial Hype: The launch of Pump Fun on the Solana platform raised substantial funds but faced challenges post-ICO.
  • Competitors: Bonk's Meme Coin Launchpad on Solana emerges as a strong competitor, utilizing buybacks and burns to maintain token value.

Notable Quotes:

• Joe [10:49]: "If you want to pull up Moonbird, there’s a playbook."
• Brian [27:51]: "Penguins are holding their own in the meme coin space."

Key Discussions:

• Pump Fun’s ICO Performance: Despite initial excitement, Pump Fun's token has seen a decrease in valuation post-ICO, raising questions about its long-term viability.
• Bonk vs. Pump Fund: Bonk's consistent buybacks and revenue generation through meme coin launches present a robust model compared to Pump Fun.
• Pudgy Penguins’ Success: Pudgy Penguins have not only achieved all-time high prices but have also integrated with mainstream brands, enhancing their utility and community engagement.

Community Engagement:

• Pudgy Penguin Marketing Masterclass: The widespread adoption of Pudgy Penguin NFTs as profile pictures across crypto Twitter significantly boosted visibility and adoption without substantial marketing expenditure.

Notable Quotes:

• TiVo [26:02]: "Just clicking on the revenue button. And what it does is it takes revenue and uses it to buy Bonk and burn Bonk."
• Brian [32:13]: "Penguins are absolutely ripping. It feels like it's been non-stop."

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Innovative Projects & Future Prospects [38:24 - 54:33]

Highlights:

• Wrecked Drink’s Success: Wrecked Drink has seen a meteoric rise with an 11-day streak of all-time highs, now collaborating with Binance US, indicating strong institutional interest.

Notable Quotes:

• Joe [50:46]: "Moonbirds potentially can be that brand project yet in the world of meme coins."
• Brian [54:33]: "Penguins are not just meme coins anymore; they are brand coins."

Emerging Trends:

• Brand Coins Evolution: Meme coins are transitioning into brand coins with tangible products and real-world utility, making them more appealing and stable.
• NFT Integration: High-end NFTs like CryptoPunks and Pudgy Penguins are driving the resurgence of Ethereum-based NFT markets, leveraging the double impact of rising ETH prices and NFT valuations.

Future Prospects:

• Moonbirds: Positioned as the next big brand coin, backed by recent acquisitions and planned token launches, indicating significant growth potential.
• Canary Capital’s ETF: Upcoming interviews with Canary Capital’s CEO are anticipated to shed light on real-time ETF launches and their impact on the market.

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Final Insights & Closing Remarks [54:33 - 55:27]

The hosts summarize the transformative phase of meme coins evolving into brand coins, emphasizing the community-driven and utility-focused developments that set projects like Pudgy Penguins and Wrecked Drink apart. They highlight the importance of staying informed and engaged through their podcast to navigate the rapidly changing crypto landscape.

Notable Quotes:

• TiVo [54:33]: "This encapsulates what we try to do here. We bring some alpha, especially on these meme coin specific, NFT specific episodes."

Upcoming Content:

• Technical Analysis Episode: Brendan Viehman will provide a detailed technical analysis in the next episode.
• Interviews with Industry Leaders: Future episodes will feature interviews with CEOs and experts to provide deeper insights into the crypto market dynamics.

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Conclusion

This episode of CRYPTO 101 provides an in-depth exploration of the burgeoning meme coin sector, spotlighting Pudgy Penguin’s impressive trajectory and the broader implications for the NFT community. The hosts effectively merge macroeconomic perspectives with niche market analyses, offering listeners a comprehensive understanding of current trends and future opportunities in the crypto space. Whether you're a seasoned investor or new to the crypto world, this episode delivers valuable insights into the evolving landscape of meme coins and NFTs.

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Disclaimer:
The content provided in this summary is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions.

Transcript

[TiVo]

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[Brian]

What's up, boys? Happy to be here.

[TiVo]

Love that, Joe, how we doing? Glasses look good today, dude.

[Joe]

Things are popping off. It's super exciting to be here.

[TiVo]

It is. It's exciting times. I know. Well, fun fact for the audience. We had a cool event last week for the team. It went really great, but it was the, the first time that we actually all got to meet in person, which I thought was really cool and special. So the synergy, the synergy is high. And what better way to meet than, you know, the meme coins were taking off. There were some, there were some crypto stocks that some of us were involved in that were absolutely rocketing while we were together. And of course, you know, Ethereum making its, its big move as well last week, and we were all together for it. So I think it's important when we have different personalities on, you know, whether it's Bryce, Brendan, myself, you guys to always just touch on the macros. So let's. Joe, I'll toss it to you first, you know, you know, we'll get to the, we'll get to the, the trenches later, if you will. But you know what, what was your take last week on the price movement at a higher level for Bitcoin and Ethereum? What were you seeing?

[Joe]

Yeah, definitely just a blow off top release valve. Everyone was hoping that Ethereum was going to do anything, something, but to see all the ets, eth, treasury companies, and you mentioned we got in on one, which absolutely did well. Was exciting to see and we saw all of those gains rotate into meme coins and into NFTs. Believe it or not, we're, we're going to talk about some massive NFT purchases. So it's just great to see Ethereum having life again. So super excited to dive into that.

[TiVo]

Brian, what were you seeing?

[Brian]

Yeah, it was epic times, man. I mean, first off, it was great to finally meet you guys in person. So we know that we're all like real living beings, not just this digital identity, we like to call it, but it was a heck of a time to be in the market. Like you said, we had treasury, we talked about in the rundown last time we had a whole bunch of treasury stocks, Treasuries adding bitcoin and Ethereum to their balance sheets. Trade 5 felt like a meme coin charts. Half of these ethereum popping off caused a catalyst with meme coins, caused it with NFTs. I'll just say time and time again, if someone's not paying attention to the cryptocurrency market or they've been on the sidelines for a while, it is absolutely time to start paying attention because some of these are going to absolute rocket ship.

[TiVo]

Yeah. And I'll pull up just that, that coin market cap chart here and as you can see just you know, a little bit, little bit of a rest day I guess if you will, across, across the board per se. But you know that seven day you're starting to see those, you know, 16% for Doge in the meme coin world. BNB I believe hit a new all time high this week, maybe yesterday or today. XRP obviously tapped that Bitcoin as well, hovering around it. And Ethereum seems to be crawling or I'm sorry, running towards that, that all time high as well it wants, it wants to break out. Obviously we hit some resistance there. I think Brendan actually teed that up for us yesterday when we put out that episode and I guess just a little teaser for tomorrow. So tomorrow Brendan's gonna be back with us and we are going to be doing our technical analysis portion of the program tomorrow. So I know eth's a hot topic of kind of seeing where that resistance is and what Brendan might see, but when it comes to the ETFs, Brian, we were talking about this in the pre game here. The ETF flow has been, I guess non stop is an understatement. We'll pull up the charts here but I know you love looking at this stuff and as you can see here, that all time chart, you know, huge dip in October 24 when it was out, launched another dip in the spring this year. But I mean this is hockey stick type stuff here.

[Brian]

Yeah, it's been, it's been pretty wild. And regarding the macro market, I'm, I'm a little bit selfishly happy that we had a little bit of a pullback today because yesterday, I mean last night we were trading bitcoin well over 120. It's been nothing but a straight line. So it's nice to see a little bit of a pullback, you know, Give these institutions a chance to hit some bids. I, I wouldn't be surprised to see us go to like 114 bitcoin or 3435 ETH and then fire back up above 120 and hold it. And these ETFs are super telling. You're looking at the Ethereum ETFs. I think they have had a 12 day streak, I think of just net inflows like you said, an absolute hockey stick. We got treasury companies adding Ethereum. We have. We. It's just a bull time to be talking Ethereum and all things Ethereum ETFs. Surprisingly enough. And we talked this about this on the last rundown TiVo and Joe how the Ethereum ETFs were closing the gap with the Bitcoin ETFs. And I was like when's. It's just gonna be a matter of time until they flip each other. And we did see just past couple days some negatives in the Bitcoin ETFs. Nothing to be alarmed about but we just now. But we're still seeing positive flow into eth ETFs. Bulling me up for everything really. Meme, Coin and NFT related. And of course we all love to talk about an alt season. This is kind of what, this is the beginning of it. This is what we want to see. A little bit of bitcoin dominance pullback and some of these alternative assets looking at hundred, maybe thousand X's, who the heck knows?

[TiVo]

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[TiVo]

Are you kind of reading the tea leaves here on the Ethereum ETFs? You getting excited about that? What's your visionary there?

[Joe]

Yeah, no, I saw Ethereum just absolutely Steel Mind share in the world of meme coins and NFTs. This last week everyone put on a pudgy Penguin NFT as a profile picture. A shout out to Hedge fund Summit. I just did an interview with Egan Layer. I asked him, I was like, hey, you got an eth NFT profile picture. He's like, yep, I do. Same thing. Is it Tom Lee or Tim Lee? Tom. He's got a pudgy penguin. Pudgy penguins and the Ethereum based nft. That thing rocketed and it's just basically all over the timeline. Coinbase changed a profile picture to Ethereum based nft. You know, it's crazy. Ethereum times when everyone's flexing Ethereum NFTs again.

[TiVo]

Yeah, that's a fair point. And I kind of felt this week whether it was Tradfire crypto, like that was such a great move, I mean, over the last month really, or since the bottom of Liberation Day. And, you know, I was kind of levered up. Brent and I were talking about this on the program the other day where I was like, I had to set some. And I think I told you guys, even last week, I was like, I set some, some bids, some sell, you know, limits. And, and they, they got, a little bit of them got triggered, but there's nothing, there's no shame in that. Right. It just kind of felt like it was that time where it's like, man, like, what a run. What a run. And, and then I was watching TV this morning and I saw this. I was drinking my coffee and I was like, yeah, you know, when this, when this guy starts, starts talking about he wants to buy Bitcoin and Ethereum, you know that that means that the secret's kind of out. So here's everybody's favorite counter trade guy, Jim. Jim Kramer, talking about Bitcoin and Ethereum.

[Joe]

Own some as a hedge against the 37, $8 trillion. They want to own a debt, they want to own it for their kids. And you know who else feels that way?

[TiVo]

Me.

[Joe]

I don't want that debt. My kids are worried about my kids.

[TiVo]

So the sound wasn't too good there, but I'll pump it up in post. But it was basically Jim saying, hey, worried about the debt for my kids. You know, everybody's buying Bitco Ethereum and you know, I am too. So, you know, he has the, the fade. Jim Kramer ETF and all that stuff. So always, always a fun thing when, when Jim comes out and says he's buying something and then that Same day it's down 4%. But no thoughts truly.

[Brian]

It's truly amazing. Jim Kramer in the counter trade. I mean, you couldn't. It's just amazing stuff. So it does, does make me a little nervous whenever he comes out and says that he's buying Bitcoin and Ethan. But I don't even know if the Jim Cramer curse could stop us right now. Things feel pretty bullish.

[TiVo]

Yeah, the, the and we've played the clips on the rundown the last couple weeks of you know, yeah, the Tom Lee's the World. I played Steve Grasso the other day, another guy on, on television, just in the Fox Business clip I think we played a couple weeks ago. Just it's people's. The narratives back of Bitcoin. Ethereum is the big ones but also altcoins as well. Right. So we're pulling up something here. Google Trends and I was, I was a firm, I was a firm believer in Google Trends just as a data point, I don't think it's necessarily going to tea leave you to give you all the answers you need. But I remember we had a little bit of a debate between maybe it was in the group chat or. I know, I know Bryce, Brendan and I were like using it and like people would say oh this data is not good anymore because everybody knows what bitcoin is and so they're not going to search it. And I was like okay, but that doesn't mean it, you can't use it. Like even if it's not going to go back up to its 5 year all time high with, with bitcoin specifically, like that doesn't mean people are going to be searching for bitcoin news or they're not going to be searching. Just bitcoin price in general is something that would, would trigger, you know, this data point and then sure enough when you know, bitcoin started rocketing, you know, you can, you can tell in the data. And so I think it's really interesting now that all coins are showcasing kind of the same thing after we've had a big move. I guess, I guess that means the public is, the public is aware of what's going on. And so I don't know, you know, I don't think that should sway you one way or another to make rash decisions. But I think it is interesting to see that especially when we've having a lot of success in bigger names like Ethereum and also the Meme coin market. So what are your thoughts guys on Google Trends and is it something that you kind of add into your data points to figure out your formula or is it something that you just completely ignore?

[Joe]

I know Coinbase was a indicator in the past. If the Coinbase app is the number one app in the Apple Store, then that's indicator. That happened with a moonshot for Meme Coins. It was just like demolishing all financial apps on the Apple on Apple App Store. That's kind of what indicated like the, I wouldn't say the meme coin top, but it was a indicator of man, people are coming on by the droves. And that was of course because of the Trump meme coin. Everyone wanted that. So yeah, definitely look at the Apple App Store as one of those. And Google Trends. Google Trends, definitely.

[Brian]

Yeah. I utilize this information. I think it's pretty spot on. Honestly. One massive indicator is over the weekend I've had a handful of group text messages that I thought have been dead since 2022 resurrect themselves from the ashes, talking about all things like penguin pudgy penguins and just altcoins and I had a handful of them come alive. So that indicator, altcoins being searched on Google Trends. It feels like we're starting to get booed up. I don't think we're there yet, but this is, this is the making of it.

[TiVo]

Yeah, let me again, big Google Trends guys. So I'm just going to pull it up and kind of showcase here. We got the overlay. So all coins are in blue. Meme coins are the reddish orange there. And this is a five year, a five year timeline. So we could, you know, I think five years good, but here's also just a year. You know, obviously we had a cool run up, you know, earlier in the year in January and the cool down period, Liberation Day where we've talked about, you know, everybody had some really good buys down there if you're paying attention. But I think the coolest thing to do is if you do the five year here. And I think this is again, we always like to say, not personal financial advice in any, any way, but this is where you can find some of those gem opportunities that I know you guys pull when you're doing your research and you're studying. Because here's what happens when you add just Ethereum, right? So if you add just Ethereum you can see how much more search goes into Ethereum than our other two altcoins and meme coins specifically. And you can, you can see the little pop ups there, especially for the, the meme coins definitely had a moment in the sun, but you can see how dead it was and how the, the average public obviously is searching for Bitcoin and learning what Ethereum is as well. But you know, I think this kind of showcases that if you're putting in the time and the research and you have a good strategy and know what you're doing you know, that's where the opportunity is, especially in the meme coin market, which you guys are special. Your specialty is because this is stuff's coming basically out of nowhere. Right. You got to figure out how to find it, find it early. And then, you know, I think like mudang is a great example. Right. Like how can you figure out, you know, how to pick the right muang coin, the one that takes off while this, you know, cute little hippo is literally taking over the Internet. And, and so I, I think that's an interesting kind of just comparison is when you plug that in or you remove it. Obviously there's people searching for this stuff but. But not highly as much as your traditional bitcoin ethereum.

[Joe]

I love how meme coins is higher search, more search than all coins. Just selfishly speaking.

[TiVo]

Yeah. I mean I think it kind of goes back to the whole theory behind it. Right. It's Internet culture. I mean, you know, everybody kind of has their own, own viewpoint on it. But you know, it attracts, it attracts attention. It attracts dollars, obviously.

[Brian]

Yeah, I mean they're running hand in hand. Some meme coins are becoming altcoins and a lot of these altcoins are like decentralized exchanges that thrive off of the revenue of people swapping in and out of meme coins. So if all coins are going off, meme coins are probably going off. They go hand in hand. Right now we've seen huge moves in the meme coin market.

[TiVo]

Yeah, I mean overall market cap alone, you guys brought up this great chart. You know, looks like it's blowing past that. If you want to do some technical analysis on that chart. Looks like it's blowing past that, that little resistance point there and going back towards, you know, what would be considered all time highs which would also, you know, you overlay the Google trends, overlay the Google trends over this chart and that's where you're going to find your peak there. So you know, the money, the money attracts the attention for sure. But is there, you know, any, any stuff on. Is this. Is market cap something that you guys track kind of, I don't know, week to week, month to month. Is that something you guys keep your eye on?

[Brian]

Yeah, it's a huge indicator for us. I mean almost with a lot of these meme coins, Joe and I don't even talk about like it's.004 cents because some of them can be such micro caps. So we talk a lot of terms in just terms of overall market cap. And to see 85 billion with a B added to the MEM coin market cap is certainly impressive. And Joe, correct me if I'm wrong, I think 15 billion of that was dogecoin.

[Joe]

Yeah, we saw some major moves, some, some singular meme coins added 2 billion over a span of two weeks. So big movers.

[TiVo]

Yeah, something. So something to keep an eye on. I guess it's time to kind of dive into the trenches. Fellas. Let's, let's go into what your guys specialty is, which is the Meme coin markets. And last time we talked it was pump fun. We were getting ready for the launch and we watched that wild video. I still think about that and I guess we didn't really know how it was going to turn out. So I think we need to set the viewers of like let's talk about how it launched, what happened that weekend because I know Brian, you were kind of on the edge of your seat, you know, waiting, seeing if it was worth getting in and then we can kind of talk about where we are today because I know that I guess spoiler alert, the valuation is kind of below where, where it started or went live on the ico. But let's, let's talk about that whole process, what went into it, what you learned from it and then we can kind of break down where we are today with it.

[Brian]

Yeah. So pumped up on one of the largest Solana block, Solana platforms where you can launch and create your own tokens or specifically Meme coins had their ICO raising about $500 million I believe at a 4 billion dollar valuation. So it was a very interesting time. You couldn't be in the United States to get into the ico. A lot of people in the space got in the ico. I was personally very, very bullish on it, doing very well. But we did talk about it on the show and with our private community that we needed pumped up fun to do some proper, you know, buybacks and burns use revenue shares. And we're still waiting to hear if and when a lot of the OG users are getting an airdrop. We have seen it ever since the original ico. We have now seen it drop below that initial raise valuation price. So it's down about 15% just recently. So it is kind of having a hard time. It's been bleeding out ever since the initial release. I was really excited for it. We were worried it was going to be possibly, if that happened, a liquidity suck on the rest of the Meme coin market. That did not happen. We saw a lot of Meme coins, especially on the Solana ecosystem actually Pump without an airdrop from Pump Fund. So I'm. I'm just fully still unpacking exactly what happened. It looked like the ICO wasn't as beneficial to get into early on, because right now, as of today, you could buy in under the valuation price. But I think that has a lot to do with a lot of the communication from Allon in the Pump Dot Fund team. He did some recent podcasts just recently, I know, just like yesterday and today, or streams, I should say, trying to get people amped up about the Pump Token, but right now we're below where people could initially buy this token from an ICO price. Not what you're expecting, but we've seen some really positive action in the rest of Solana Meme Coins.

[Joe]

Yeah, for sure. I'm waiting for Pump to do, you know, some activations with auto money they raised. They just said they paid out $12,000 in creator streaming fees. Brian. You know, we're looking for that to be a lot more because we talked about it being $100 million fund, so definitely not seeing that yet. Doesn't mean that won't happen. And there is a competitor we talked about. You know, they have competitors on all blockchains, right? Binance on Solana, they got Joop itself. And then the one that's stealing the most mind share right now from pumpfun is Bonk's Meme Coin Launchpad. And if you want to pull that up, TiVo or I can, it's a little bit different, right? Like if you click on the menu button, what makes this different? Just top right and click on Revenue. What it does is it generates revenue off of its Meme Coin launches. Just click on the revenue button. And what it does is that it takes a revenue and you scroll down a little bit and it uses it to buy and burn Bonk. So it has $2 million in fees generated in the last 24 hours. 50% of that, if you scroll down a little bit more, will be utilized to buy Bonk a little bit more. And that's crazy. So. And then they're also utilizing it to buy Bonk Soul, which is basically buying Solana, so it doesn't escape the ecosystem. And, you know, of course, they're giving rewards to Bonk holders, so there's a lot of good Meme coins coming out of the Bonk launchpad. And that's kind of where the mindshare has been before. Pump launched a token and it hasn't gone away. We thought Pump's going to do Something crazy and demolish the competition. But Bonk has held strong and a lot of their meme coins are popping off. So we want to see what Pump can do in comparison with this. Like Brian mentioned buybacks, right? Well, Bonk's doing that every single day with Bonk, you know, under their Bonk token. So they already are, you know, up and running. And I think Pump's got a little catching up to do not say they can't do it because they got the streaming aspect and they could, you know, create, you know, a lot of marketing with that. So just interested to see what they do with the treasury overall. I'm waiting for a bottom. I'm looking for a dip buy.

[Brian]

We're seeing a little half field McCoy's happening in the crypto world right now between Bonk and Pump, and. And I think they both have a path for success. But it's interesting to see them both kind of this workout in real time with now they both have respective tokens for the platforms and the market's going to pick which one they like more, if not both.

[TiVo]

Yeah. Actually, let's dive into this. Bonk. I don't know what you call it. What would we call this?

[Joe]

Meme Coin Launchpad. Just like Pump Fund.

[TiVo]

Meme Coin Launchpad. And that's tied to the Bonk token, correct? The original Bonk token. And so this whole dashboard overview of the revenue distribution is kind of showing its utility, right?

[Joe]

Yeah, exactly. It's confusing because a lot of people think Bonk. Just think Solana. It's launching the same as Pump Fund, both on the Solana network. But what Bonk does is it uses a Solana to buy Bonk and burn Bonk. So it helps with the Bonk ecosystem. So if you're a Bonk believer, which many people are, then this is a great play.

[TiVo]

Yeah, I've seen. I've seen Joe McCann from Asymmetric was tweeting about this and I didn't really understand what he was talking about until you guys just explained it to me. So now it makes a lot of sense that he is quite, quite bullish. Bonk. But not only is he bullish Bonk, fellas, he is bullish Pengu. And again, like I said, at the jump, it's not a rundown if we don't talk about Penkoo. And I think we just need to start by, you know, if you guys don't mind singing along, it just, you know, happy birthday to Pengu, you know, happy birthday to you. Happy birthday Happy birthday dear Pen Punchy the Penguin. Happy birthday. So I mean what an epic week to have your birthday or day even because I, I think Pengu just eclipsed all time highs and obviously the, the pudgy floor price is, is rising by the week here and so I didn't know you guys put a lot of, a lot of, a lot of links here in the sheet. So. So direct me on how you want to give the people a pudgy update here.

[Brian]

Yeah, Penguin's absolutely ripping. I mean it's, it feels like it's just been non stop. Is it, is it at its all time high? Joe? It probably did. It just passed. Its all probably high and just barely did. I think it was January 6th and sold off. Yeah, we just, we just kind of eclipsed. Just feels like it continues to go up and Joe and I've been talking about this forever within our community. The world of NFTs and meme coins kind of make it a baby. These brand coins taken off under the right leadership, integrating web two aspects. You can buy plushies in Walmart or on Amazon. I've never said the word flywheel more over the past couple weeks with all these like if it's a, if it's a launch pad, if it's these Pengu or rec tokens, flywheel these buybacks and burns. But this is, this is what we've been saying all along. Not all meme coins stay a meme coin. They evolve to something more. And we're seeing this in a lot of different coins. And Pengu is, I don't know, it's. It's like the number one meme coin in Mindshare. It's the number one meme coin I'm personally holding right now. And even though we just eclipsed an all time high, I feel highly underexposed.

[Joe]

Yeah, the meme coin ecosystem. I like to tell people it's just altcoins 2.0. Like everything we wanted with altcoins is just easier to digest with meme Coins. The utility aspect, like pudgy penguins teamed up with Luzanza, the airlines. If you, if you buy pudgy penguin T shirts with. You can do with the Pengu token. You earn miles with it. Right. Like the utility aspect is definitely easier to digest than reading what a 20 page white paper from XLM. I always pick on XLM. I'm sorry, that's the only one I remember from 2017. There's plenty more like that. Right. Brand recognition. The faces of these memes are cute cuddly animals. What's the face of xlm. I can't even tell you what it is, right? Like, take a look at these cute little pudgy penguins. My niece, I saw her this weekend, she's like, can I. I told her I'm going to San Diego Comic Con. She goes, can I get this cute pudgy squishy? And she just loves it, right? Like, she wouldn't say that about an XLM token or like a rec token, right? So it's just cute and adorable. And then they have product, right? So this is the NFT. And the NFT is worth, you know, $60,000. So no one's going to buy that, right? TiVo. Like, no one's going to buy that right now, right? But here's what can happen with the flywheel that Brian's talking about. So we click on the Pengu Flip Doge thesis. It's not even a thesis, you know, a lot of people are calling for. It is Pengu has. If you scroll down to the Amazon and Target banner, it's not too far down. So right there, right? Scroll back up. So Pengu has products globally and in all the stores that you see right there. And this hasn't happened yet. But everyone who knows about Pudgy Penguins knows this, that the founder has promised anyone who has the product will get penguin. So if you look at this, if you look at my little pudgy penguin right there, it comes with a QR code and you can register it on chain. So anyone who buys a pudgy toy, I'm talking about a squishable. I'm talking about an article of clothing. You're going to get Penguin. I don't know how much it is. It could be a dollar, a few cents, but it doesn't matter. It just encourages the flywheel that Brian is talking about. People is going to want to buy more to get more Pengu. And if Pengu goes up, why wouldn't they just buy more toys? It just keeps on. It's like an echo chamber. It's the. Basically the bitcoin strategy, but with meme coins and. And the only two brand coins that have really done this and incorporate this in a meaningful way. And the proof is in. The data is Rec drinks and Pengu. So is it impossible for Pengu to flip Doge? The answer is no, because they haven't even activated this yet. They're the number five top five meme coin right now, right, Brian? At 3 billion market cap, something like that. They haven't even done anything. They haven't even activated the Toy Pengu drop. They haven't even launched their blockchain, which will incorporate and burn Pengu. I. Like, I just told Brian before we jumped on his rundown, like, I think I just might have convinced myself to put, like, my entire bag in the penguin. Just call it a day and sign off.

[Brian]

Not financial advice. Not financial advice.

[Joe]

And it's a.

[Brian]

What.

[Joe]

What is it from here? A 2040 X to catch up to Doge. But no surprise if it does, because it's meme cords.

[TiVo]

Oh, man, that would be great to be on a ride like that. That would be fun. That would be fun. But, I mean, I guess, why. Why not us, right? I. I understand that. That. The flywheel. Man, I'm gonna start saying that all week, too now, Brian. The. The flywheel. And, like, you know, I guess we want as many people to listen to the podcast as possible. But also, I'm thinking, like, maybe I don't want my brother to. To see this part because, like, I'm just gonna keep buying my nephew Pengu toys and hoping that I get some massive airdrop. So it's like, you know, it's. It's a nice thought and gesture, but it's really just to get more Pengu. So I. You know, maybe this is a little bit of something we might want to keep a little bit of a secret for some people.

[Brian]

I told. I told my wife, just, I think it was yesterday. We're, like, riding in the car and I'm telling. I'm like, NFTs are back. Meme coins are back. Like, just, like, you know, chirping her. And she's just probably, like, wants to, like, stick her head out the window like Ace Ventura so she can't hear me. But again, she's like, oh, my God, NFTs are back. Great. Like, how are the pudgy penguins doing? I was like, oh, what do you mean? She's like, yeah, remember, like, I told you to buy those pudgy penguins. This is like when I worked for DraftKings. And she was like, that's the one NFT I love. Like, because she just thought they were cute. And I was like, oh, yeah, like, big daddy never bought those pudgy penguins. And she was, like, pissed. She's like, how much are they worth? And I'm like, 60k. She's like, what? What are you doing? I'm like, just fumbling generational wealth over here.

[TiVo]

Yeah, but we.

[Brian]

We have a bag of Pengu. I mean, that's actually feels like that's the play anyways. Buying the NFTs are great, but it does feel like the, the token's been outperforming the NFT right now, but they go hand in hand.

[TiVo]

Interesting. And I think we kind of touched on it. I. I think we just last. Well, no, second to last point because then we have a clip from Luca Luca Nets that we'll play, but that when people started changing their profile picture on X to put to Pudgy Penguin. I definitely just want to reiterate to like the listeners of people who aren't on crypto Twitter all the time and have not heard of this story. I mean, it was a marketing master class. Talk about getting exposure to an entire ecosystem of crypto Twitter by spending literally $0. Like it. It was shocking. I mean, I think, I don't want to speak out of term and say somebody who didn't do it, but it felt like every single crypto focused Twitter changed their PFP to Pudgy Penguin. You know, I, I was telling about the Joe McCann from Asymmetric. He did it big. Bitwise. Bitwise Investments did it. You know, Joe, who were some of the bigger names? I know you had them on the back of your hand there, but like some big names did this.

[Joe]

Y. Pretty much everyone.

[Brian]

Coin Polygon. Yeah, they were everybody. Like if you were a big we.

[TiVo]

I think Binance did. I was waiting for Robin Hood to do it. Yeah, I think, you know, Crack and Gemini, like all these exchanges started doing it like it was, it was a master class. And I think this was at the point where everybody realized, like, all right, yeah, in a month we're up, you know, 300% and three months we're up 500%. So, you know, the hype was there. And maybe like you said, Brian, like a cool off period is needed, but you still feel underexposed a little bit. Like after we just went over what we went over, it's, it's a. Yeah, I have a, I have a fat bag of Pengu as well now. But it's just, it's hard to like leave the ecosystem. It's almost fun, right? Like, it's very fun to be a part of it. It's in the news. It's part of the culture of crypto right now. Yeah, it's a different, it's a different vibe. Kind of like Joe was saying where like I just pick, pick a random token that you like and it's just not as fun to hold it as it is Pudgy Penguin. And I'll tell you what, it's not as Fun to, to, to give it out as a pick, especially when you're right. You know, I told some, I told some friends and some cousins about a month ago, like, hey, you know Pudgy Penguin and Pengu like, give it a, give it a whirl. And they're like, what's that? And then I'm just like, yeah, it's like a, it's a meme coin and they're just, you know, they're not in the space so they just kind of, you know, brush it off. But like, man, a little victory lap on something called Pudgy Penguin is a hell of a fun time. I'll compare that to Joe's example. No hate on XLM or any other, you know, coins, but like saying you made 3, 400% on projects, you know, whatever is, is less fun than saying you made 400% on pudgy penguins.

[Brian]

Yeah, you nailed it, man. That's exactly it. It's, it's. The altcoins are great, you know, but you're talking about like a, a new layer 2 blockchain or a decentralized exchange where the fees are cheaper and there's a burn back and buy like, great. Or like Pudgy Penguins. Hey, I just saw it on cnbc. I saw him ring the NASDAQ bell. I was at Walmart with my kids and buying them and scan these QR codes and you get the Pengu token. It's a completely different vibe. Good to have you on the Meme coin Team Tebow. And this is how it is.

[TiVo]

Yeah. The last time we were on, I gave you guys the example of ringing the NASDAQ bell for a meme coin as Pudgy Pangolin rang. The NASDAQ bell is the same as a man walking on the moon for the first time. It's never been done. So, like, when you're saying, when you're saying in a visionary sense, like, we could flip Doge, we could do a 10x, a 20x from here. And it's like, well, maybe, maybe not. It's not financial advice. But like, if it does happen, you're going to look back and be like, man, I saw this Pudgy Penguin ring the NASDAQ bell. And I. It didn't click. It didn't click. I just, yeah, that, that would, that would haunt, that would haunt an individual who saw that happen, knew what it was and didn't even, you know, take a ride with it, even if it was just for fun.

[Brian]

Yeah. So we can all agree Pengu is the future of finance. Then I don't know.

[TiVo]

It's like, far. Fartcoin has the same vibe of, like, it's just funny. Yeah, it's just funny. And. And it can catch on, but I feel like that could be more volatile to the upside and the downside when it's just like a joke like that. This. This definitely has the feel of community, which I know is something that you guys preach in. In your research is. Is you got to find that community. Like, I'm all in. I'm. I'm all in. I want to go buy some penguins at the store. Like, I. I think it's a really, really fun thing. And. And I guess, again, it's fun when you're up, right? So it's easy to dive into that community when things are ripping. So you got to take that with a grain of salt if I guess things go the other way. But I don't know. And this luca, the final thing is this luca, next guy. I mean, great on pods, Active, you know, in. In the public eye. And. And they keep pudgy, keeps hinting, right, that they've done something big. And they won't tell us what it is, but they've done something big. You'll never believe how big it is, is what they keep saying. So let's listen to this clip from luca, and then I guess we could take some. Take some guesses on what we think it might be. Okay, well, someone said that you guys.

[Brian]

Acquired a company, and there was Speculation it was OpenSea.

[TiVo]

Yeah, I mean, we acquired a company. That's all. I'm gonna speak. I'm gonna. I'm gonna announce it when it's done. The times. Okay, okay. When.

[Brian]

When was this? We acquired a company in.

[TiVo]

Okay, so you bought the low of opensea.

[Energy Trust of Oregon]

No, I don't.

[Brian]

I'm sorry, I can't.

[Joe]

I can't. But, yeah, people are on X saying that if he actually bought it, like, Pangu will shoot up 30% if he really did. But beyond just OpenSea purchase, we didn't talk about Canary Capital, the ETF that has yet to been approved by the SEC for Pengu token and NFT allocation, if that comes through. I mean, that's what we're saying. Doge. What? 88 billion at the top. Pengu is at 2 billion. 3 billion. It has way more network effect than Doge. So definitely we're not financial advice. But Lucas said that he's looking for pudgies to be the face of crypto, and he's never going to stop until that Happens right now, the face of crypto, I can't even say if it's true, is CryptoPunks, right? 150,000 a piece. So 60,000 may be cheap. Brian, we may have to have you buy one on live stream still, we're pointing fingers.

[Brian]

I've been asking you to buy one on live stream. Cryptopunks got away from me a little bit over the weekend with like 88 of them. Swept for 8 million. But I don't know, I'm. I'm a believer in the Pengu. I'm a believer in the Penguins, you know, these brand coins, that's what they're calling them now. They're not just meme coins anymore, they're brand coins. You know, there's these. These maybe start out an NFT project, maybe start out as a meme coin. And then they break into the brand world and TiVo, you know better than anybody, man, content and what sticks. That's what Penguin's doing. That's what Rex doing. That they're just like breaking down the old web two, brick and mortar, you know, style of things. And they're captivating a whole new group of people, just not us. Web3DJS.

[TiVo]

No, for sure. And, and I'm glad you brought up Canary Capital, Joe, because I have a booking for us next week with the CEO of Canary Capital. So obviously a lot to talk about there, but you know that super producer TiVo is putting Pengu on the, on the, on the sheet there. So that'll be, that'll be a fun interview for the listeners to look out for on our Tuesday flagship, interviews with Bryce and Brendan. But let's, let's, let's move on. I mean, it's not moving on for long because we know Pengu will be talked about. Not next week and the week after and the week after, because it is, it is the, the hottest thing in, in the meme coin streets right now. But let's see, where are we moving on to? So. Oh, your other. Yeah, another. Another Flywheel. Flywheel is the, the name of the game here. We got wrecked. I got to. I got to see a wrecked drink courtesy of Joe last week.

[Joe]

Drink it.

[TiVo]

Got to taste it. Very tasty. Delicious. So, Joe, what are you seeing with wrecked drink?

[Joe]

Yeah, this is big news. Wrecked has gone up 11 days in a row. All time highs. 300 million market cap from the 20 we called it. And they just announced. Was it today, Brian, or yesterday? Let me see the date. Yeah, yesterday they announced a collaboration with Binance us. So you have to be United States and they're dropping it soon. Details to be announced. But that's really cool, cool news because the treasury, since the overall market cap of the rec coin has gone up, their treasury has probably gone from like 70 to like $80 million. Is that eagle that I heard? Amazing.

[TiVo]

Yeah, I just played the video here just to see in the background.

[Brian]

They are up 1100% in the past 90 days to a 255 million dollar market cap. Joe and I called it between 15 and 20 million. We're like this wrecked. This wrecked coin is doing some big things and it's just been an absolute rocket ship. This is. I think I could speak for Joe as well. Like Pengu wrecked Fartcoin. Not financial advice but it doesn't get much better than a meme coin like starting portfolio than those three.

[TiVo]

Yeah man, you guys have been on fire this year. It's literally unbelievable. And you know the stats, the stats are the stats. But you know, always a great plugin for you guys as well is, you know we do this for free every week. We're going to have you guys on a bunch more. But if you are interested in checking out Brian and Joe's community, I'll always, you know when they're on. I'm going to put the links down in the show notes below so definitely check that out and you know that's definitely the, the link to check if you want, you know, some, some insight onto Wrecked and Pengu uh, before people are talking about it online.

[Joe]

Well, TiVo, before you move on from this, this post, the reason we wanted to bring this up is because if you're watching this live stream right now, this could be free money for everyone watching. So let me show you what I mean. Can I share my screen really quickly?

[TiVo]

Yeah, go for it.

[Brian]

All right, so dropping some serious alpha here everyone, I'm not gonna lie.

[Joe]

So if you're in United. Yeah, well that's the reason we show it because if you see here, I got airdropped rec tokens for buying the previous drop. I got about close to a billion dollars. A billion dollars. I don't no longer have to be here. I got close to a billion wrecked tokens locked. So they locked it to October. Very smart by them. I can't even access this. This is vested until then. But if you look at the valuation now currently. So basically 690. Ooh great number. $690 for, for purchasing one case of req. So I purchased $70 worth of rec one case, 24 cans and I got airdropped $690 as of today. Now if this goes up, it'll be more not saying that this is going to happen for Binance. I have strong feelings that there will be an airdrop of rec tokens for whoever participates. Because they asked for your Binance US id they're like give us your Binance US ID because what they're gonna do, they're gonna drop you some rec coin for buying a case off the record. Well, maybe on record now Brian, Brian was like off, off the screen Joe, he was like I'm about to buy 20 cases. I'm like, hey, some Twitter, some x guys bought 200 cases and got a sixty thousand dollar airdrop. Not telling you guys to go do that because they didn't put in writing that they're like hey, we're gonna airdrop you tokens for sure. It's their marketing treasury they have, they have about set. They have about 70 to 80 million dollars right. Right now set aside in terms of rec coin to reward community. Is the airdrops going to happen forever? I don't think so. That's not going to be work. But if, you know, sailors taught us anything is the treasury strategy has been working. So hopefully this flywheel continues and everyone gets, you know, paid to buy some wrecked drinks.

[Brian]

I've spent worse money on worse things, I'll tell you that much. I've degened a couple grand into worse items and I like the drinks like I don't even want to take it away. The sparkling water, the flavors are great and this new Binance can looks sick. It looks, I'm the most excited for this one. It's like the Binance gold or something abstract. Apple was gold good. Open seas drink was good. But this Binance Gold CZ got something up his sleeve. It.

[TiVo]

Oh, you think CZ? CZ's gonna crack a drink on, on the next, next live stream. I always wonder what's his involvement? He's not the CEO anymore per se. But you think he's around?

[Brian]

I mean I think he chirps him a little bit through some like encrypted decentralized app. I don't know, who knows. But so Binance is the largest exchange in the world. I mean it's absolutely massive to have this partnership is big. But then when you look at Binance as of right now, their X profile is a wrecked guy. If everyone just remembers where this all came about is you got a free ReKT NFT back in the old bull run, you could get it for Engaging with like OSF and things. You get a free rekt nft. Holding that nft, you were rewarded. Once they released their meme token, they were rewarded you tons of req tokens for just holding that nft. In addition to that, if you had the nft, you got equity in rec drinks. So everyone has equity in this rec drinks and now they're signing partners like OpenSea Abstra Binance. They have a ton more to come. And it's crazy. You buy a. You buy a case. I think the, the first case I got, I spent 70 bucks on, and at the time it was like $70 in REC tokens I got. But I think that's eclipsed. That was like. Well, it was like 20 million. It's. It's probably worth a grand now. Not even sure where it's at. But this is just another point to show you how meme coins turn into these brand coins and turn into something big. I mean, we have Bonk, one of the largest meme coins ever airdrop free to people who engaged on platforms or had the Solana mobile phone gets bonk tokens worth hundreds of thousands of dollars. You have Pengu holding an NFT. You get Pengu Drop holding these wrecked NFTs. You get the meme coin, you get equity in the company you're buying. The is. It's almost like, how is this possible? But then you. You see, it does make sense because these companies are making revenue, they're making profit. They're just doing it a way that's not very conventional.

[TiVo]

Yeah, I think, I think that's the theory of being here in crypto is a great encapsulation of. It's just, it's not what you're used to seeing. And I think we're going to cover this tomorrow of like the tokenization. There's starting to be some pushback. I know you guys brought it up and are informed on it. We'll break it down with Brennan because we have a couple more political things to talk about tomorrow in about kind of the macro view of crypto. But this is, it's. It's a different way to do things. And you know, whether it's tokenization of stocks or the, the flywheel of Pengu or the flywheel erect, it's like, it's such a unique way to look at things. And that's why again, I, I loved bringing you guys on and doing these episodes because, you know, this isn't my specialty. It's, it's. It's. You guys make me think Differently and know, kind of going through a couple of those things, you know, like the, the bonk launch pad. I had to, you know, hey, pause. What, what, what are we looking at here? Like, I just know bonk as a meme coin. I, I know the meme. I don't understand the launch pad. And you kind of compare it and break it down and learning about pump funds. So that's why these episodes, I think are going to be really helpful for everybody because, you know, it's a triple threat. Every week you have an interview with somebody who's, you know, esteemed in the industry, whether it's Matt Hogan or. Next week we're bringing on the CEO of Canary Capital, you know, is launching real time ETFs. You know, you got Brendan doing technical analysis, kind of breaking down the, the macro. Brandon and I doing, you know, bitcoin technical analysis and just the news. And then we have the triple threat with Joe and Brian kind of deep diving you into these meme coins and NFTs. So if you're somebody who's interested in that, great. You're going to love it. If you're not, at least give these episodes a chance because I think they're gonna, they're gonna be really, really helpful to help you at least understand the bigger scope of the crypto markets. But let's, let's wrap this up, fellas. So we got one more of just kind of the, the, the floor of NFT places are rising. So I guess that can, and correct me if I'm wrong, but like, you know, that's attributed to like the meme coin market cap rising. NFT prices are rising. There's more money coming into the system. What are you guys seeing?

[Joe]

Yeah, there was a ethereum treasury company, right, Brian, that allocated, was it $10 million into NFT specific purchases on the Ethereum platform. So I'm not saying they were the catalyst for this entire rise, but many people think that they're the ones that bought the. Was it 50, 60 punks, Brian?

[Brian]

Yeah, 88 punks for 8.5 million. I think they swept like 70 of them. But there's been just a run on crypto punks. That's like the gold standard, NFT, 47 ETH, whatever that equates to what? 170, 180 grand, something like that. It's, you can see all these ETH, these NFTs on the board. If anybody's been in NFTs. Back in the bull run, Ethereum NFTs were like the gold standard We've had a lot of like bitcoin ordinals and Solana NFTs but with Ethereum storming back, buying Ethereum NFTs are super interesting and this is like what really caused a blow off top at one point as well is that back in the NFT bull run is you would buy these NFTs and they would go up in ETH value and eth would go up as well. So it's like a double whammy. So people are absolutely printing right now and a lot of these projects on here are, are elite. Like the punks Pudgy Penguins we talked about. Everyone knows Bored Apes, Crypto dick butts. Who doesn't love some crypto dick butts? They're up to 1.88 each but. And then a lot of notable art. Yeah. TiVo show and CryptoPunk sales, those were swept. 88 punks 180 grand a pop. So someone's buying up NFTs right now. It does feel like NFT season will come back. I don't think we're fully out there but we're seeing some really high end NFTs go in notable art. It's the fidenzas of the world. The squiggles like I have in my background here. The first generative art piece, grifters, that's my pfp on opensea. Absolutely love grifters. Just some really high end NFTs are running. This is how it starts guys. This is, this is a little bitcoin dominance goes down. People start searching altcoins on the Google search Pudgy Penguins meme coins are hidden and then money starts to flow into NFTs because not only do the price of ETH goes up, but the value of these high end NFTs go up and people start printing money. It's a really exciting time. People need to start paying attention because things are flying.

[Joe]

Yeah. And the last alpha I'll give everyone if you want to pull up The Moonbird page, TiVo is that there's a playbook, right? We saw it with pudgies, we saw it with Rekt. So me and Brian spend a lot of time in the trenches asking what's the next brand coin that's going to pop off. So a lot of people are placing their bets on moonbirds. Moon birds right now, relatively cheap. Five, six thousand dollars. Can't believe I'm saying that. It's a low, low cost entry. They just got acquired by Yuga from someone buying them off board at Yacht club and everyone is hyped for them, they're going to launch a token. That's not the issue, it's what they're going to launch on a product side, what kind of flywheel they're going to do. So if I had to put a bet on one that hasn't become a true brand coin yet, a brand project yet in the world of meme coins, moon birds potentially can be that. So we'll see in two weeks time. T will be interesting to come back to this because within the next two weeks they're going to take a snapshot, meaning that if you buy the NFT before the snapshot, you know, you'll get some token, whatever they're going to call it, and then it'll be interesting to see what product they're going to come out with. But, you know, there's, there's quite a few different brand projects within the NFT world. Memecoin world that has huge potential. Brian and I talked about one that we talked to our private community about today. But here's some alpha for everyone. Just Moonbird. Take a look at Moonbirds.

[TiVo]

Unreal. Let's leave it at that. I mean, that's basically what encapsulates what we try to do here. We bring, you know, bring some alpha, try to bring something, you know, especially on these, you know, meme coin specific, NFT specific episodes with you guys trying to bring a curveball that probably the average audience listener hasn't heard of before. And you guys deliver that episode every time. We appreciate it, man. Top it up on 50 minutes. Bren and I always joke we even try to do two a week and we just keep going on and on because the markets are super hot right now. It's super fun to make content. Super fun to be in the space. We appreciate everybody listening. And I'll be back tomorrow with Brendan for technical analysis. So make sure you check that out and enjoy the rest of your day and we'll see you later.

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