Emblem Morning Show

Dude, when airdrop, bro? I'm just waiting.

[laughs] I mean, it's like, you know, I don't, I don't know.

I don't still think it's ever gonna happen.

I was reminded of MetaMask the other day 'cause I don't know if you saw, but ConsenSys rebranded themselves as MetaMask [laughs] which is great, you know? And, um, you know, all the comments are just like, "When airdrop, bro?" And, you know, I don't know.

It's, it's-- The, the stockification of crypto this cycle is kind of hilarious.

We were talking about it offline, how it doesn't really work.

It doesn't really do the thing that it's supposed to do, which is cause this upward pressure on the stock price, which liquidates, um, the short, short, uh, positions on the stock.

It doesn't really do that.

It's already shown y- it doesn't really do that.

Even with a meme coin running to $100 million, it actually doesn't really affect the stock price because the float is so small, um, of these stocks.

But I don't know, it's the meta.

You, you just...

You can't fight against metas.

Um, and Pump has moved in, and we'll see how it goes over the next couple days.

But certainly early indications are that this is not great.

Yeah.

We, uh, we always do some crypto things where we say it's this big innovation and then it's like, like a faux version of like the actual innovation, and it's like, well, almost.

Like we're almost there.

We almost innovated, but not, not quite.

Um, I just checked Polymarket.

It looks like the pr- probability of the Pump airdrop by end of year is 20%, 19%.

That's like the highest it's been.

Market kind of feels like it is.

It was at like 8% for a long time.

I don't know.