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the first time that we've ever chatted on voice before, so it's nice to finally meet you.

I always love talking charts and whatnot with you guys.

And we should have Turbo jumping on at some point, but he may still be working.

Well, actually, maybe we should start with Pepe, because that's what's happening right now.

So this morning, the Pepe multi-sig downgraded from needing 5 out of 8 to 2 out of 8 signatures and the Pepe sexwallet.e as it's labeled has been doing some pretty hefty transfers to centralized exchanges.

You can see this is the activity chart here.

Not exactly sure how much that is in dollars.

But yeah, that's that's a lot that you can say from the bulk of the transfer is down here perfect price Obviously reacting but to be honest holding up not too badly down about 12 ish percent right now Yeah, seems like seems like a weird decision to me guys I don't know about you like I feel like Feels it feels pretty greedy.

They're probably gonna claim like, you know act whether whether that's true or not, but If I just waited like a year 2 years, it's probably gonna work I'm gonna be worth a hell of

Yeah, I thought he's like is the most Go ahead

Well these treasury tokens or where did they come from?

They've had this wallet since the start, just has the anspepesexwallet.eth.

And it's kind of just like the team supply.

I don't, that's as far as I know anyway actually.

I'm not 100% sure but it's just been, there's been like a decent chunk of the supply sitting in that wallet, maybe like 10, 5-10% or something since the start.

And this is kind of like the first movements other than when it was kind of brand new and you know they were sending tokens to exchanges to actually get listed.

But this is like yeah there you go you can see it there pepesexwallet.eth So this chart is showing kind of movements, flows in the last 4 hours and PepeSexWallet is down from 25 million to 9 or 10 million.

So they've sent out 15 million in the last like 4 hours.

Yeah, I think the timing of it too, you know, like why just today, I mean, obviously any day, I guess is good to pocket $14 million, but the timing just seems interesting, you know?

I mean, there's not much going on, but it's been around for months and it just seems really odd to, you know, in the late afternoon, just all of a sudden start sending it.

Like, you know, chart doesn't, you're right.

Like there's been a lot, a lot of kind of other stuff going on.

Pepe hasn't really had much attention lately since that you know insane run up but like still charts not looking like terrible it's at least it's got this kind of support around you know whatever price that is but yeah I agree some man more often than not like look I suppose I'm assuming that this is actually them rugging by saying this, but like, devs can just be so greedy sometimes and like short-sighted.

I feel like this kind of thing happens a lot, mostly rugs, you know, but yeah, just hold on to it for another few years.

Like Pepe has a very good chance of being, you know, a kind of premier meme coin next cycle.

They could just put it in an LP, like they could put the whole thing in an LP and just collect the fees.

I don't think anyone would have an issue if they were just like taking the fees and just chill.

Like shitcoin people love, you know, when the devs add to the LP like I'm not sure what it's actually so what it's what it is right now but the ratio is not great as with most of the shit coins I think it's you know 1 to like 30 or something market cap to liquidity

no I mean that's obviously again I mean it's 15 million dollars So that's all the incentive you you need to know I guess but yeah, I mean, yeah, it's just it's on

That is true I'm breaking a law like Money was that's right.

You'd probably have a better idea on this.

I mean, what is the point of creating a token and holding some of the supply like it gets to a certain level of success and you can, you know, periodically sell off.

I mean, I think maybe the pace with which they did it today is a little concerning, but yeah, I mean, that seems, I don't know, from pretty gray area to me, I guess, I mean, we've seen much worse if you consider how long they've held the tokens, I guess.

Yeah, look, I bet you don't need to give me a definitive answer there.

I know you're not a lawyer or anything, But yeah, you're right.

We've seen a lot worse, even with like Bold recently.

That was, you know, same kind of scale, but happened in 4 or 5 days or whatever it was.

But yeah, definitely a little bit of a gray area because, you know, they created a token, held, I don't know what percentage of the supply it was if they're 14 million mark that's like 600 million I don't know it's a few few percent of the supply that they've now tried yeah definite gray area it's not like they've pulled liquidity they haven't made it they haven't made like you know people not be able to trade it.

does this, does this make Bitcoin the 1 and only meme coin king?

Yeah, look, I feel like it probably will have a bit of an adverse effect on everything for a hot set.

But after that, it's probably going to give way to coins like Bitcoin.

There's not really anything else super in the running besides Bitcoin at the moment.

I mean, I think outside of just watching Pepe, Just kind of the reaction going going to crushing.

I know earlier you could see some some large sales of pepe going to a Geo, but I think kind of just monitoring where that money flows and how it kind of continues to affect that I mean this along with the Sue or fake Sue wallet, whatever it is, just kind of how it affects the, you know, the on-chain index that everybody's kind of been watching for the past few months.

It's probably the main thing over the next 24 hours or so.

Yeah, speaking of that, let's have a look how the on-chain index is doing.

Most things are down a fair whack from the top

Yeah, so recently, we've had like, we've had Bitcoin and Ethereum kind of just absolutely going sideways for the slowly, slowly grinding down to be honest, for a long time, though.

And what was it last last Wednesday or Thursday or so You know that finally finally kind of created for the majors And I think that along with some other factors 1 being friend tech have kind of taken the wind out of shit coins for now Rlb is holding up the best

Yeah, I mean the sual it's been been nuking rlb, but I think it's down to 2 million tokens or so.

And selling in normally 1 to 2 million token clips.

I mean, the buyback and burn has definitely supported the level here right around 15 cents or so, that previous all-time high.

I mean, that buy, back and burn is you can see it on their site.

It's pretty, it can be pretty hefty when, when volatility is around in the majors and the, the futures that they have listed there.

They're not just doing like 1 thick clip, are they?

And kind of how much are they buying and burning a day at the moment?

Yeah, you can see the 30 day on their site.

People are saying, bullish role bit into like the NFL season, NFL or NBA, I'm not sure which.

Yeah, I don't have the numbers right on hand in front of me.

I think kind of like on the non-volatile days, I want to say around like between 4 and $8, 000 worth of the token per hour.

And then like last week when we saw the move on the majors, There was a couple, I think there was a 3 hour period where the buybacks were between 10 and 20 grand per hour.

So I mean, it scales pretty well with volatility.

It's actually pretty interesting dynamic because possible that when majors are under the most pressure that the buybacks are the largest makes it kind of an interesting token to hold those like down volatile periods.

Yeah yeah yeah it definitely gives an incentive to keep holding, you know, even when everything else is kind of doing not so well

Yeah, like I said, I mean when you had the the on-chain index up there I mean, it's it's held up.

I think the best over the past week to month while everything else is kind

Yeah, absolutely like, bitcoin and Unibot more noticeably have well actually bitcoin's probably held

than uni, but even, but yeah, they both, they're both down, like, I don't know, I think close to 40% from the hive.

Whereas I'll be kind of, even with this, you know, fake, fake, selling big clips, kind of exiting a massive position.

Haven't sold anything since been scaling in since really like the start of this year, since January or so.

A lot of our friends got into RLB, like kind of sub 1 cent.

Yeah, it took me a bit to kind of get on board.

Some were a little earlier, but I mean, thanks for their persistence on constantly bringing it up.

I think, look, the main 1 that stands out to me with RLB is just the regulatory risk.

Like, you know, it's a little bit of a closed source, sorry, like a closed loop.

Like, you know, they're not super transparent with a lot of stuff.

You probably know better than me, but it is something that I would like to kind of scale into for the upcoming bull market.

Cause you know, if that doesn't, if that doesn't pay out that regulatory risk, there's a good chance it goes a hell of

Yeah, no, I mean, and that's, that's definitely a risk.

And I mean, don't want to downplay that at all.

Like you said, I mean, there's some stuff that could definitely be more upfront about and, you know, potential sanction stuff.

But yeah, I think the risk reward to potential market cap is still kind of on their side and them being relatively new as we've seen for better or worse.

The main regulatory actions kind of take incredibly long to occur.

So that might not be, you know, the best strategy to fall back on the thing that you know, it'll come 2 to 3 years from now.

And I mean, I don't really plan to, you know, put this in my retirement portfolio or anything.

I don't know if I'd be willing to, you know, another 2 to 3 years, more, you know, 6 months to a year as we kind of scale up into, hopefully into the next cycle.

Yeah, that everybody should should definitely be aware of.

I think Unibot is is essentially interesting as well.

probably is like a buying getting getting somewhere into a buying opportunity here.

It's like rest of the on-chain that I don't know too much about open exchange.

They seem to just be like listing perps on everything people want.

Yeah, could be gorilla marketing there from soon.

But like Unibot, Unibot's been pretty impressive.

Yeah, look 100% it's had like a massive run up.

I never got in, I never got the trade, but I absolutely love the product.

But chart wise here, yeah, if it is going to bounce back up, you'd want it to be somewhere around here, hitting a bit of a mainline around here.

Yeah, Definitely intriguing levels there.

Have you guys looked into their Daily active user metrics recently.

I haven't checked them like I'm just wondering if they were they were trending down at all I mean, no No,

That's still like even through this Even through this last like for the what was it friend tech like getting on 2 weeks ago now, through this kind of on-chain index, shitcoin dip, there's still not quite growth.

I think Returning users, which is like, you know, the users that have already been here day in day out was steady Not like growth growth was gone, but that was hanging around like 2000 a day It was just a new users that had started to kind of Go down a little bit, but yeah pretty pretty solid user base for you know, how many how many on chain day dens there are left

Are they doing, can you trade Forensic shares through Unibot yet?

Then the non-Discord bot, they released something surrounding trading prime-take shares, right?

I haven't actually tried it, but they've got like a sniper and everything.

I'm personally out of that trade at the moment but it's like 7 mil market cap or something in the moment whereas you know Unibot's still like 110 or

And they're in a way quite similar products just a little bit different market sectors in my opinion discord architecture is inherently slower than telegram box, but you can kind of I use Unibot X now mostly which I love.

I love it's all in 1 terminal kind of style The execution is just like so fast.

You can do limit orders It's all super easy as well Like you don't you don't have to set like your you know, kind of gas delta settings and stuff like they just have a setting for, it's just called front run transactions and it must just be, you know, constantly monitoring the price of gas and just knows kind of what it needs to send to, you know, absolutely front run people.

Whereas, yeah, Discord bots are just inherently slower.

If you're using like Unibot in the Telegram especially, clicking through the menu, like, you know, paste a contract address for a token, buy menu comes up, you choose how much you want to buy and you click buy.

But as you're like clicking those buttons, the menu changes just really fast.

And I think it's a Discord architecture problem, but Discord bots just are inherently slower than that.

So you can kind of send a buy order on Unibot and get it filled like In a few seconds if gas is low or you know your your gas is high enough whereas on Numbot sometimes you can be waiting like 2 to 5 seconds just for the bot to like process your order and broadcast your transaction.

Yeah, I've played around with NUN a little bit and I'm out of that trade as well, but it's definitely something I'm watching to get back into.

I mean, Discord, as far as onboarding, if you know another influx of retail or whatever, just new users, I mean, I think that it's what, I mean, what would you think the distribution is between Telegram and Discord at like 60-40 in favor of Discord?

I'm not, I thought it was a little bit contradictory to that, but it wasn't talking about crypto.

I think Telegram was over like, I actually can't remember the figures, but it was about 60 40 the other way in telegram's favor, but it wasn't taking into account crypto users.

I think I think for like a kind of shit coin trader, I would say like Discord dominates from what I've seen.

But maybe like Telegram, as you say, it's far more, it just feels a lot more snappy than Discord across the board.

why people would want to use like Unibot as opposed to Nunn if they're like trading these super short timeframes and like it's important to get into stuff quickly.

I kind of stopped using Nunn once I started using UnibotX because it's just, it just is quicker at the moment.

And when you're, like, it's fine if you're kind of just buying bottoms and holding for a few days, but if you're kind of like trying to scale high volume stuff, it's definitely not as effective.

I think they're kind of different markets.

I wrote a Popsec Weekly about this last week, and I'm definitely bullish on both, and their kind of respective sectors.

Like, Discord to me kind of feels like it feels like a little bit of a different crowd.

It's kind of less serious shitcoin traders and a little bit more like NFT Twitter aligned as opposed to you know just absolute speed and execution on Telegram bots.

And then none also have the advantage of that social trading aspect where you can get in a private channel with all your friends and just be chatting and someone posts a contract address and you can always aid right from there.

Yeah, that makes a ton of sense And I'm definitely more inclined to think that the way I mean, all the, you know, the shitcoin groups are generally telegram too.

And that's typically where the, the project founders are in as well.

So I mean, no one's definitely something to monitor too.

I mean, who knows whenever an NFT bottom would come, but you know, some type of NFT integration there because it does seem like the NFT projects, whether that'll be the case moving forward or not.

But that was I mean, predominantly, I'd say like 95 to

So that can be something something to monitor

yeah totally they are they ship like they already had a few I think they think they like the they launched with the nfp functionality but since then they've shipped a bunch of other features like, I think Tasks is almost ready.

They've got their Sniper, a bunch of just general improvements and stuff.

So yeah, they definitely ship fast and so does Unibot.

But they do kind of feel like in terms of product and functionality, they're biting at the heels of Unibot a little bit.

Like they are also working on an all-in-one kind of web app terminal style like UnibotX.

they announced that yesterday just kind of quietly on Twitter.

It wasn't like its own tweet or anything.

The end of like a summary tweet for their spaces.

But that's definitely something to watch out for definitely excited to use that I feel like at 7 million market cap There's a pretty good chance.

It survives regardless of whether the wind gets pumped back into shit coins right now Or we kind of you know go lower I'm definitely watching it pretty closely and pretty keen to get back in even just if it's small.

Does it have similar dynamics to Unibot from a tokenomics perspective?

Yeah, pretty much the same I think which is just that 5-5 tax, 5 cent buy, 5 cent sell.

Actually within that though, it's a little bit different.

They're actually fee less right now because they kind of want to have the bottom they want to they want to they don't want to turn phase on until they're like I'm saying happy with it so it's still free whereas uni-bot is 1% as the base rate you can get like discounts on top of that but once in each you know each trade so you buy something 1 cent on top of you know, most of the tokens are trading these days already tax tokens.

So yeah, it can get quite expensive But then within that 5% the fee distribution is a little different They both have auto add to liquidity pool and they both have revenue sharing.

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