WEBVTT

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<v Speaker 1>It's meme coin madness. Donald Trump's meme coin crashes down

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<v Speaker 1>to forty dollars after hitting over seventy bucks, and Milania

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<v Speaker 1>Trump is launching her own meme coin. This is while

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<v Speaker 1>I'll give it to details, let's get into it. Hey, everybody,

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<v Speaker 1>welcome into the Thinking Crypto podcast. You're home for cryptocurrency

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<v Speaker 1>news and interviews. I'm your host, Tony Edward. On your

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<v Speaker 1>way in. Please sit that subscribe button as well as

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<v Speaker 1>the thumbs up button and leave a comment below. If

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<v Speaker 1>you're listening on a podcast platform such as Spotify or Apple,

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<v Speaker 1>please leave a five star rating and review. Folks. We're

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<v Speaker 1>seeing some craziness in the market right now. Before we

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<v Speaker 1>get to the meme coin news, we have to talk

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<v Speaker 1>about bitcoin because it did fake us out. It touched

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<v Speaker 1>one hundred and six thousand dollars today and it looked

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<v Speaker 1>like it was going to go into a very bullish

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<v Speaker 1>close for the week, but then it corrected heavily and

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<v Speaker 1>currently it's sitting around one hundred and one thousand dollars.

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<v Speaker 1>So let's see guys. As I said in yesterday's podcast,

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<v Speaker 1>expect volatility. We get the inauguration tomorrow and things are

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<v Speaker 1>going to be very choppy, so as always, went in down,

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<v Speaker 1>zoom out, and let's see what the market shows is

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<v Speaker 1>this week. But guys, the big news has to be

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<v Speaker 1>the meme coins and the madness that's happening here. As

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<v Speaker 1>reported in yesterday's podcast, Trump launched a meme coin. It's

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<v Speaker 1>been sucking all the liquidity out from the rest of

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<v Speaker 1>the all coins. It's been pumping significantly, went over seventy bucks.

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<v Speaker 1>And if you look at the coins that are leading

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<v Speaker 1>right now, it's trump Coin, followed by Malania Coin and

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<v Speaker 1>fart coin. This is crazy. It's meme coin madness, guys.

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<v Speaker 1>And Trump's coin dumped today. As mentioned, it touched over

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<v Speaker 1>seventy actually touched seventy five dollars. Right now, it's sitting

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<v Speaker 1>around forty four dollars. So if you look at the chart,

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<v Speaker 1>big red candle, it's not a complete rug, but it

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<v Speaker 1>looks like it's on its way to be a rug.

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<v Speaker 1>So this is why you have to be careful of

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<v Speaker 1>meme coins. This is why I've been sounding the alarms

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<v Speaker 1>warning people be careful. It's like walking into the casino

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<v Speaker 1>throwing it on black or red. Just be careful, guys.

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<v Speaker 1>I'm not telling you what to do with your money.

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<v Speaker 1>I'm just presenting the facts to you, and here are

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<v Speaker 1>some clear facts. Here's the chart. Look at it. This

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<v Speaker 1>is the trump coin. Look at this giant red candle

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<v Speaker 1>on the daily right. So this thing was moving like crazy,

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<v Speaker 1>and I tweeted out about it and a lot of

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<v Speaker 1>people got triggered. But I was asking how to short

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<v Speaker 1>it and much more so, be careful with these meme coins.

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<v Speaker 1>And Milania decided to launch her own meme coin. It's

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<v Speaker 1>also built on Solana and her token allocation, according to

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<v Speaker 1>her website, is fifteen percent for the public. Donald Trump's

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<v Speaker 1>was ten percent. I sett in yesterday's podcast that is

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<v Speaker 1>a red flag. I don't like that setup. But hey,

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<v Speaker 1>it's the free market, and if people want to invest blindly,

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<v Speaker 1>not understanding what's happening here, they're going to get wrecked. Now,

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<v Speaker 1>this meme coin situation is a hot topic right now

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<v Speaker 1>in the crypto industry, very divisive. Some people saying, oh,

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<v Speaker 1>this is good, it's going to bring more people to crypto.

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<v Speaker 1>Other people are saying this is a griff and it's

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<v Speaker 1>going to get a lot of people hurt and scammed,

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<v Speaker 1>and who knows what happens as Donald Trump goes into office.

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<v Speaker 1>This is pretty nuts, and as you can imagine, there's

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<v Speaker 1>going to be a ton of regulation coming in on

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<v Speaker 1>these things. One user highlighted here that a few minutes

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<v Speaker 1>before Trump retweeted Malania's meme coin, a fresh wallet bought

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<v Speaker 1>one million dollars worth at fifty nine cents. He says,

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<v Speaker 1>Mlania has already skyrocketed to seven dollars and eighty three cents.

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<v Speaker 1>Now they are up twelve million dollars in hours. Guys,

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<v Speaker 1>this is crazy and as you can probably imagine, there's

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<v Speaker 1>people who know about this. There's probably some insider trading.

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<v Speaker 1>And I say probably because I don't know fully, but

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<v Speaker 1>when I see stuff like this, I know that the

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<v Speaker 1>retail people who don't know better, and they don't know

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<v Speaker 1>how to read unchained data, they don't understand tokenomics and

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<v Speaker 1>much more, they're going to get wrecked. And look, there's

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<v Speaker 1>a lot of Trump supporters. It's one thing to support Trump,

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<v Speaker 1>right and you say, hey, I voted for him and

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<v Speaker 1>I appreciate Trump. That's from just blindly investing in a

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<v Speaker 1>meme coin, even if it's issued by Trump. It's two

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<v Speaker 1>separate things here, and many people mentally can't delineate between

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<v Speaker 1>the two things. They can't separate them, and that's unfortunate.

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<v Speaker 1>But hey, look it is what it is. I'm just

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<v Speaker 1>doing my job here to share the knowledge with you guys,

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<v Speaker 1>to help you understand. And I don't hold any of

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<v Speaker 1>these coins. I don't hold any meme coins, you guys know.

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<v Speaker 1>I primarily hold Bitcoin, etherorem XRP. I've got other coins

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<v Speaker 1>like hbar, Solana, Chainlink, and so forth. But I don't

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<v Speaker 1>know what's going to happen with trump coin because it

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<v Speaker 1>was at number fourteen earlier today it's now at number eighteen,

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<v Speaker 1>and will they continue to drop. It's possible there could

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<v Speaker 1>be a big sell off here. Some people were saying

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<v Speaker 1>that Donald Trump did this before he got into office,

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<v Speaker 1>and then he's going to disavow it because there's specific

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<v Speaker 1>rules in the Constitution to prevent you from benefiting financially

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<v Speaker 1>in certain ways while you're a president. So look, I'm

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<v Speaker 1>not a institutional law expert. I just saw what other

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<v Speaker 1>people were putting forth, and here there was even a

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<v Speaker 1>coin creative around TikTok. This is nuts, guys, I mean,

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<v Speaker 1>come on, right, the whole TikTok scenario of TikTok getting

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<v Speaker 1>banned and unbanned. I think it's live again. And one guy,

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<v Speaker 1>Ryan Fournier, apparently he's an advisor to the Trump camp.

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<v Speaker 1>He was participating in it and that dumped. So it's

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<v Speaker 1>mean coin madness. Now what's interesting? Eric Trump, donald Trump's son,

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<v Speaker 1>says wait till you see what they do tomorrow, and

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<v Speaker 1>he tagged the World Liberty Financial account. So World Liberty

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<v Speaker 1>Phi is the other crypto project that is associated with

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<v Speaker 1>Donald Trump. Donald Trump Junior also tweeted out about it, saying,

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<v Speaker 1>we are extremely proud of what we continue to accomplish

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<v Speaker 1>in crypto. Trump is currently the hottest digital meme on Earth,

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<v Speaker 1>and I truly believe that World Liberty FI will revolutionize

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<v Speaker 1>defied slash she fi and will be the future of finance.

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<v Speaker 1>We are just getting started, and some people like, please

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<v Speaker 1>stop because the Trump coin Milania coin stuff is just

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<v Speaker 1>going nuts right now. So let's see what they come

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<v Speaker 1>up with. One thing that's interesting on chain data analytics

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<v Speaker 1>is showing that Trump's World Liberty Financial has been buying

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<v Speaker 1>a lot of etherorem They bought millions of eth in

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<v Speaker 1>different transactions, So what do they know here? Right? They're

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<v Speaker 1>buying tons of eth, guys. So it's kind of crazy.

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<v Speaker 1>Some people are saying, are they taking the profits from

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<v Speaker 1>the Trump meme coin and then putting into World Liberty

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<v Speaker 1>FI to buy eth? I don't know. That's what it

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<v Speaker 1>seems like. But we gotta be careful here, guys. Once again,

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<v Speaker 1>you could have voted for the man. You may say, hey,

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<v Speaker 1>I like what he stands for and so forth. That

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<v Speaker 1>doesn't mean you go be done with your money. Be careful, guys.

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<v Speaker 1>Something weird is going on here, and it may not

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<v Speaker 1>be Donald Trump. I said it yesterday. It could be

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<v Speaker 1>just his kids doing this. And Trump may have no

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<v Speaker 1>clue about all these things. He may know, oh my

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<v Speaker 1>coin is up, but he doesn't understand the implications of

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<v Speaker 1>what's happening here. Right, But maybe Eric and Donald and

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<v Speaker 1>Baron know. So this is the thing, right, It's not

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<v Speaker 1>even Donald Trump doing these things necessarily, but his kids.

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<v Speaker 1>So be careful out there, folks. Now, I tweeted out

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<v Speaker 1>something that triggered a lot of people, and let me

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<v Speaker 1>refresh it here. I'll give you a full breakdown, but

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<v Speaker 1>it's about the sentiment and what's happening here. Remember when

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<v Speaker 1>I keep telling you, guys, hey, have a plan, have

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<v Speaker 1>a cash out plan. Why am I saying that? Let

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<v Speaker 1>me read this to you. We are definitely in the

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<v Speaker 1>final phase of the bullmarket Wave five. The current meme

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<v Speaker 1>coin activity is peak greed, as we've seen in many

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<v Speaker 1>speculative bubbles. Same story, different acid class. Remember meme investing

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<v Speaker 1>started in twenty twenty into twenty twenty one with GameStop

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<v Speaker 1>in AMC, and before that it was buying as many

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<v Speaker 1>houses as possible with no income, no doc loans in

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<v Speaker 1>two thousand and five to two thousand and seven, and

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<v Speaker 1>before that it was grabbing as many dot com stocks

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<v Speaker 1>as possible, regardless of if they had a business model

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<v Speaker 1>or not. Now I left out icos and NFTs, but

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<v Speaker 1>I think you guys get the idea right. Speculative bubbles

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<v Speaker 1>frenzy mania, and this is what I've been saying. Things

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<v Speaker 1>are gonna get crazy and euphoric and extreme greed. You

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<v Speaker 1>guys know I've been saying that, You're starting to see it,

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<v Speaker 1>and I believe we are in the final phase of

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<v Speaker 1>this bullmarket, the Way five. Now, the Way five can

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<v Speaker 1>last from months to a year, So don't get me wrong.

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<v Speaker 1>I'm not saying that bullmarket ends tomorrow or next month.

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<v Speaker 1>Just understand where we're at, and you're going to see

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<v Speaker 1>a lot of djen activity and people getting super greedy

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<v Speaker 1>and oh no, you're crazy. This is a supercycle. This

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<v Speaker 1>thing is not ending this year. Right, You're gonna see

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<v Speaker 1>all types of madness. People who don't understand market cyclists.

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<v Speaker 1>They don't understand bull and bear market cyclists. But we

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<v Speaker 1>know that, we're educated. We've been here in the bloody

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<v Speaker 1>bear market buying, right, So be careful out there. It's

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<v Speaker 1>gonna get crazy and people are gonna call you stupid

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<v Speaker 1>for taking profits. You're gonna say all types of stuff.

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<v Speaker 1>But they just got in, right. The dumb money crowd

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<v Speaker 1>is starting to enter. They're not all here yet, but

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<v Speaker 1>they're starting to enter. And unfortunately it's with Donald Trump's

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<v Speaker 1>mean coins. I wish that wasn't the case. I don't

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<v Speaker 1>think this is great optics for a president, but look,

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<v Speaker 1>it is what it is, and I'm just gonna ride

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<v Speaker 1>this wave, take my profits while these people come in

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<v Speaker 1>and they're like, oh, we're gonna keep going higher and

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<v Speaker 1>everything's gonna be pumping. The bullmarket doesn't even started yet.

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<v Speaker 1>People were literally commenting on this posting the bullmarket has

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<v Speaker 1>not started yet. Guess what The bullmarket started in January

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<v Speaker 1>twenty twenty three. Go look at the charts. The charts

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<v Speaker 1>tell you what's been going on. But you see the

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<v Speaker 1>people who are saying these things are not financially educated.

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<v Speaker 1>They don't understand what's happening. Guys, It's going to get crazy,

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<v Speaker 1>but there's going to be a reckoning, as there is

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<v Speaker 1>in every cycle. Here. Congressman Rocanna, who's been a champion

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<v Speaker 1>for crypto, and I had him on the podcast a

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<v Speaker 1>couple of times, he said elected officials must be barred

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<v Speaker 1>from having mean coins by law. Meme coins are highly speculative,

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<v Speaker 1>like gambling, must be regulated by the SEC. They are

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<v Speaker 1>neither neutral money, not controlled by insiders or platforms for innovation.

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<v Speaker 1>I kind of agree with him there. Now, don't get

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<v Speaker 1>me wrong, I'm not anti mean coined that all meme

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<v Speaker 1>coins need to be banned and much more. I think

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<v Speaker 1>there needs to be some regulations around it though, because

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<v Speaker 1>people are getting rugged, guys, Trump aside, people are getting rugged.

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<v Speaker 1>How do you put a stop to that? Right, you

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<v Speaker 1>can't have that, and then you have legit projects in

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<v Speaker 1>the top ten. I'm talking like etherorem and Salona and

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<v Speaker 1>XRP and Cardono. Right, people should be investing in projects

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<v Speaker 1>like this that are proven, that have been around for

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<v Speaker 1>multiple years, that have a developer community, they have actual

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<v Speaker 1>real world adoption. So we need to clean this up

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<v Speaker 1>and get people to focus on the right things. Now.

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<v Speaker 1>As I stated, you know, in every speculative bubble you

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<v Speaker 1>have this type of euphoria and greed and froth. Right,

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<v Speaker 1>So you can't stop all of it. But I'm concerned

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<v Speaker 1>about you know, when Grandma's and all these people come

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<v Speaker 1>in and grab meme coins and then they get wrecked.

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<v Speaker 1>We don't want to see another FTX and situation like that.

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<v Speaker 1>So I hope you guys understand where I'm coming from

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<v Speaker 1>when I make these statements. And I know some people

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<v Speaker 1>are gonna get triggered because they feel I'm talking down

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<v Speaker 1>to their bags, right and not making their bags go up,

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<v Speaker 1>But they don't understand the risks. They haven't been around

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<v Speaker 1>the block. And but look, you know, maybe that's their lesson.

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<v Speaker 1>They need to feel it, they need this is the

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<v Speaker 1>way they learn and maybe next the next cycle around,

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<v Speaker 1>they'll know better, hopefully. So guys, that's the news. It

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<v Speaker 1>is wild. It is crazy. I didn't even know what

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<v Speaker 1>to say at this point because there's a lot of

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<v Speaker 1>uncertainty here with Trump going into office tomorrow and much more,

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<v Speaker 1>and no one saw the coming. And hopefully people don't

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<v Speaker 1>get wrecked. I don't want to see Donald Trump's coin

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<v Speaker 1>dump and get rugged because I know a lot of

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<v Speaker 1>people are going to get wrecked. So let me know

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<v Speaker 1>what you guys think. Leave your thoughts and comments below. Guys,

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<v Speaker 1>be sure to check out our sponsor Uphold, which is

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<v Speaker 1>a great platform to buy a lot of different all

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<v Speaker 1>coins and bitcoin and much more. And you can earn

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<v Speaker 1>rewards and stable coins like Ripples, r L, us D, Paypals,

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<v Speaker 1>p yus D, Circles USDC and much more. Also sign

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<v Speaker 1>up for my free email newsletter. It's one hundred percent free.

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<v Speaker 1>Today I did a write up on the Trump and

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<v Speaker 1>Millennia meme coins, so that includes a lot of information

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<v Speaker 1>and data. And grab a copy of my book Rethinking Crypto.

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<v Speaker 1>It actually covers what happened with FTX and the things

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<v Speaker 1>you should avoid when it comes to investing. So my

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<v Speaker 1>book has these warnings in it guys, so grab a

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<v Speaker 1>copy if you haven't as yet. Thank you guys for

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<v Speaker 1>watching and listening. I appreciate you all, and I'll talk

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<v Speaker 1>to you all later