Everything is a Memecoin Now, Base Drama Recap, and PumpFun is Here to Stay

Summary

Thread Guy reviews his own trading performance, discusses the Chiron AI (Shaw) deal and his decision to copy Leopold's trade, analyzes DRM at a key support, and highlights Bitcoin's relative strength amid a broad sell-off. He covers the Base app leadership change and the failure of creator coins, comments on privacy coins surging, and explores the memeification of markets where extreme valuations become a strategic advantage.

• Host reflects on year-to-date trading performance and challenges of tracking multi-platform P&L.
• Leopold Ashen Brener bought 20% of Chiron AI (Shaw) and the company signed a large cloud deal, prompting the host to mirror the trade.
• DRM (memory stock) is near a gap-fill support level that previously triggered a bounce; the host suggests closing eyes and bidding.
• Bitcoin shows relative strength at 64,250 while equities and semis drop; if it holds green, a relative outperformance narrative could emerge.
• Jesse Pollack steps down from the Base app, admitting failure on creator coins and refocusing on base as a global finance blockchain.
• Chamath's article argues privacy coins like Zcash surged 127% over the past year, though the host is cautious about the volatility.
• The host argues markets now trade like memecoins, where high-multiple companies can raise cash and acquire competitors using inflated stock.