Yo-yo, yo-yo. Good morning. Good morning. GMB. Monday, Monday, Monday, Monday, March 31st, 2025. Five, five. Look at that. Another beautiful day to have a beautiful day. Unless you're Montreal, Canada. I got my cars in the house. Kyler Mando, good morning. How are you doing today? GM good morning. Volatile, Volatile day in crypto, as per usual at the moon. Is the 1st morning today because I'm really tired of it.
I have no tabs open on any price and I have any omens in trading view this morning so I actually don't even know. Wow yeah but I I have to find out but I just don't know. I yesterday night I was like fuck this shit I'm traveling for a month. This thing's annoyed me all month long. This price action is cancerous. I'm just at this stage where I'm annoyed by it. Tyler, good morning. How you doing?
Yeah. Speaking of annoyed, I'm annoyed with the month of March, so I'm happy that we're closing that out. Yeah. Let's get out of Q1. I agree, not our favorite quarter ever. Yeah, we were. Everybody was hyped up for Q1. You know, Trump train, all that good stuff, crypto to crypto to the moon. February's historically such. Remember Tyler when you pulled up the February chart on Feb first like. Yeah, historically the best month ever for for crypto.
Yeah, I was going to say let's revisit Q1, but maybe let's just not, let's just skip Q1. Just like, you know, like boy math, like you, you you spent on something you did another thing you just forget you spent on. Let's just do boy math on the whole of Q1, OK? And forget it ever happened. OK boys, we can agree to that. By the way, Mando, we have a new, I thought you you should notice given that you're one of
the Co hosts of the show. As of this morning, we have a new unofficial official mascot for FOMO hour. It's Bongo. I hope you're approve of that. OK, perfect. Fantastic. That's that's big Bongo this way for Mando terms. Fantastic. Is is is is a very high praise. Anyways, today, first of all, happy birthday to my mom. I got to squeeze that in. Happy with my mom. You know, spent the weekend sobbing my momma here that we're
traveling tonight. So happy birthday to my mom, you know, March 31st, we'd love to see it. So hopefully, you know, Q1 and slash my mom's birthday narrative, market turns around, blah, blah, blah. Anyways, with that, we're going to talk about the market today. We're going to talk about Tyler's top 100. We have a show partner coming on as well. And then last, but you know, no spins, spins are Tuesday, Wednesday, Thursday, Friday, so four days a week.
But hey, you should still listen to the show. You should still educate yourself, entertain yourself and retweet the show because why not extra good luck and extra good juju for for the spends the rest of the week and with that Mando. No no, no, no this show. So sorry I woke up a little sick. What this show is sponsored by who? Yeah, Galaxies.
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And I kind of trust in crypto as recognizable as Visa as checkout. Want to learn more? Follow Wallet Connect on X and Telegram to stay ahead of what's next. Mando, We really need to know what's next because I saw a price action this weekend and it was not great. Who is the man that called Daddy? Can you dig it? Yeah, it wasn't that great this weekend, was it? I think if you were, if you were signing in, you kind of just had that feeling where it's like, oh God, this isn't going to stop.
And then it has stopped a little bit today. So rebounded we were we were very weak this morning. Again, kind of touched the local lows kind of across the board this morning. We've bounced as the US equity market has opened. Interestingly, U.S. stocks are not doing that well. The Nasdaq's down another 2% roughly again today. Tesla's down like 5%, Nvidia's down 4%. That sell off in tech stocks is
is definitely not stopped. It's just, it's just that cryptos may be slightly outperforming, I don't know. Or maybe we already had our sell off over the weekend. It is. Becoming kind of consensus that we're going lower, I would say and I think that's probably one of the more bullish things that's. Going on right now. In that stocks are the most shorted they've ever been. Since COVID, you've had a huge
swing in investor sentiment. And it's just interesting to to watch that sort of set up because I don't know, stuff started to look a little bit oversold again in tech stocks. It's either they we really are going down like 2025% and this whole AI booms just going to completely dissipate. Or you can have a violent short squeezes in between or maybe at the same time, but that that's not a great looking chart right
there. But it also looks like the chart like it does like RIP in your face as well. I think. I think that's that's basically where people are. Like. Wary about macro more than they are about other things. I would say crypto, crypto just feels a little bit quiet.
That's what I would say, like the timeline, the activity, there's no more daily runners, you know, or there's like, oh, it's it's largely slowed down and I think it's just the O GS talking amongst themselves about about when this is going to turn around. Yeah. By the way, there is nobody left in. There's nobody left, right? I think that's like a, yeah, a common, common theme of what people are saying on the timeline at the moment. Just like where is everyone?
And that's yeah, that can. There's 200 listeners Mandel on Twitter Spaces. Is that high? No, brother. No. That is the lows of the cycle, right? Like it's reflecting the the we're not seeing it on Marriott. Marriott is pop it off. We can talk about it later, but like on viewership usually is why I would see it. You know, man, though live listeners, I mean, we do have like YouTube and X broadcasting. We kind of like eat on each other on the show. Sign bring bring up crypt.
Bring up Google search trends. Bring up crypto. Yeah. It's a It's a good thing to look at. I mean, usually I look at Chartbeat for Decrypt and that's how I know. And I'll tell you guys the month of March numbers in a second. But but yeah, that's usually how you know man though, you know, like we had a record-breaking month of Jan and then February sucked and then there was like less views and then March was probably on and off because there was a lot of headlines
though. But you know, it's been interesting time this quarter. Yeah, it's not been easy for people, I don't think. And they probably, you know, they don't want to listen to us anymore. So it's I still think we're in for more of this. That's the thing, like I think we're in for more of this chop. I think, like I said, the most bullish thing is that that that people are positioned for a sell off a lot more and quite violently if they swapped that way.
So normally in those sort of scenarios, things either have to go really like cataclysmically wrong or it's not it's nowhere near as bad as people thought it was. Do you know what I mean? Yeah, like we're going down 2030% or it's like a bunch of shorts try and push us lower and it never really gets that much lower. And I think I'm more in the in the second camp here that like, I don't think it's going to be as bad and I, I still think Bitcoin is going to outperform in this world.
Yeah. What? A candle today. But I don't think it's going to be as bad. You heard the man, You heard the man. He pretty much said everything. Bitcoin Donald is 62 1/2 now. BTCDI feel like we've been there a few Times Now. Oh, wow, It looks beautiful. God damn it, man. You see this chart? You buy the shit out of it, right? Like, I don't know, Tyler. I mean, you're sending me fuck, you're sending me some Bob Lucas opium. We like it. I mean, is it opium?
I mean, I hope. So what do you think? Oh, is it? He's saying that he thinks stocks are in for a continued downtrend until into June and basically that rallies will will be sold off, which I feel like is also kind of a consensus view, right? Now. And like we're seeing more the reality behind the tariffs, like unless the tariffs are all just like magically reversed, which doesn't seem to be the case.
Like it's going to take a little while for those to to really start to have their their impacts. So I don't think a huge surprise there. I think what's jumping out to me is like crypto, yeah, at least Bitcoin, maybe we have to separate them. Bitcoin is holding relatively strong, right? Like I'm looking at the one month chart, it's down to 1%. Like we are basically just straight sideways with some ups and some downs over the last month. So I think you can take some solace in that.
And just because if stocks go lower for another couple months, I don't know that like I don't have the gut feeling that bitcoins going to grind all that much lower. I'm sure like maybe we'll go back into the 70s and some bad days, but I don't know, it feels like it's holding up pretty well. And clearly more and more big players are buying. I want like, is someone buying this morning? Like what's? What's driving these candles? Like we.
Know we had Mara come out and say they're going to buy 2 billion didn't we was constantly buying Bitcoin is you can see that Bitcoin dominance 62 1/2 percent like. That's so crazy. It hasn't removed like 83 is where Bitcoin has been for a long time now, many, many weeks I've done, yeah. So just up, down around that sort of level. Wow. But Bitcoin, Bitcoin Dom could probably go back to 70% here. Yeah. I mean, it's also because Ethereum is just outperforming like crazy guys.
Underperforming. Under, yeah, sorry, underperforming insanely. I mean it's just stop catching a break. Last night, the ratio briefly hit 46. I know. Who won Bitcoin? I continue to think that like, and I said this on the Real Vision show we do on Friday, I continue to think this is actually one of the most dangerous charges in crypto because I think a lot of people.
Oh my God. Still have the risk reward mindset of this and think ETH is like oh but it's gone down too much you think why but you could have said that at literally any point. That's the thing, right? You could have said it here, could have said it here. You could have said it here, and now you said it here. And then people saying it here like. And that's a really scary thing because I think that that logic
just never really stops. And I think people think, oh, it's a good defensive trade to open maybe over, over a bear market. Now it just looks like. I don't think that thing might turn around, guys. But this is can we talk about like the impact it has on crypto as a whole, like does it have an impact? I think it it points to the transitory nature of L ones to a large. Extent right? Because while ETH is going down, there are other L ones in L2's. L1's mostly gaining traction, right?
There are, but I think this changes the investment thesis for a lot of L ones if I'm honest. Someone said the E3 fund from the E3 fund from FTX going to be juicy, but I think you're getting your ETH back at the price ETH was. Oh God I'm not joking. I think it was $1600 when the FTX busted. Soul was 15 and ETH is ETH is even man. ETH looking burdened, but what has been spirit of Kamala. But yeah, this is fuck. This is not great man.
It's not good for the puck way show I. Think we can talk about that in a second. I do think it does make it harder to hold to have like real conviction and new L ones right? If if it's proving that they're all going to trend to zero against Bitcoin, right? Like you kind of have to pick them up as trades and the jury's still out, right? Like maybe like if Solana continues its trajectory, maybe it can break the trend to a degree. Bitcoin doesn't look great
either right here. But yeah, that that one's hurting. As for punks, I guess we just got to help people keep pricing these in USDC. That shit dude maybe on the punks website if you guys listening. Maybe just remove the ETH price that's on top of the USD price that is just. 8000 right Now 5. Percent, I'm not going to lie, the ratio is not the, the, the spread is not bad. You know, the spread is not bad. I suggested a spread market to our team this week.
I don't know if they're going to go for it because sometimes the resolution is hard. So some markets are hard to make. I suggested a spread market to the Marriott team, Bitcoin to east, a Bitcoin to, to, to, to punks. Thought that could be a funny quarter one. But yeah, Mando may pick up a punk for like $25,000 at some point, you know, So this keeps going. He may actually Mando, Mando Inovi may buy crypto punks from Yuga Labs. Canary Labs may actually acquire the punks.
That would not surprise me. I've heard. I've been hearing things. ETF coming. Yeah. I it's just, it's just a dangerous one. I, I have broader thoughts just hear a little bit more about and I've again, I've said this on the real vision show just that that stable coins are just are becoming so strong and. Yeah. I do question whether the new entrants are even interested in our L ones or or if they'll just they'll become more just gas tokens than they are forms of exchange.
We all price stuff in well, NF TS are pricing ETH and what we just said about maybe they should be pressing dollars and meme coins obviously had like soul pools and all this sort of stuff. But I don't know, like I just feel as though the new entry doesn't actually or the money, the money over the next few years is going to come in. It's going to really be around RW as and stable coins.
And I just, I actually think that can be a bit of a threat in some ways to some of these coins like does does the dollar, does the US USD or? Stable. Become a become more of the form of exchange that we have. I don't know. But I just, I see that narrative like I just see where people are bullish right now and it's on RW
as almost exclusively. Yeah. I mean, you saw that report, we didn't really cover it, but Dan Robinson Paradigm posted a report of what Triathfi is interested in. In crypto. The number one thing was RWA #2 was stable coins #3 was number 3 was decentralized exchanges #4 was prediction markets. That was the top four and it was a list of 10. It was an actually pretty decent report, all all retweeted again, so people can check it out. But it's true.
It's there's a lot of excitement around that and it's looks like what they're building towards. Anyways. Tyler, do you have something? Tyler, do you want me? To yeah, just like anecdotally, I'm seeing that same trend in the trenches where previously someone takes profit on a meme coin trade, they they swap the soul. Now I I think they're swapping the USDC. Yeah, people are trading dollars to, you know, I. Mean there's other things like maybe that's because, you know,
macro is bad. People think Solana is not is not doing well, but it's just another, you know, data point in kind of favor of that theory. So what? Do you, what do you think about Seoul here? Because I see Anson retweeting now that you think Seoul's like one of the best shots in, in marketing. So that's it. Then I was like, wow, that's quite a departure from him. What do you think here? Like if the casino stops or slows down, do you think it can keep? Do you think?
It's, it's obviously down a lot, but I think it's it's looking vulnerable or no? No, I think this is the spot where Seoul is like it's like that 127 price, right? We've seen that all cycle. It was a price need to breakthrough to like make new highs. And now it's been kind of like the floor here. I don't know. I don't see I still see even like the occasional runner, let's call it this is no more daily runner, right? He's still in Solana. I mean, what do you, what do you?
I agree with that. But like that's and and but I think we have to understand that in the context that the the amount of activities is really going down. Like it's starting to be overtaken pretty comfortably by the block chains for fees now. So this is the tweet you're talking about. They shared why isn't Seoul a good outright short or a good short versus any other BTC or crypto long. And then he for ZIL get a pretty
good answer. But I don't want to talk about how ETH has been a more popular short whereas Seoul is where most of the on chain activity is these days. So basically what would you short the one active chain when there's tons of other ghost chains with similar properties but no one really using it? So the cleaner trade in his opinion. Well, that's a big. Question like is XRP like like? XRP or a like those? Aren't they better shorts than Seoul itself?
I actually don't know, but one thing I have noticed here and one thing I have noticed is that trades, it's also popular longs or like trades which like are consensus. This is a good thing to own, are actually the things that are getting smashed the worst. Like if you see something that like pumps, actually, it tends to like draw attention to it. And then you see like these horrific moves afterwards and look at far coin as prime example, right?
Like has this like get some attention roofs up to 600 and then just like smashes lower, smashes lower. And I saw the same thing even with bearer chamber. Like as soon as something gets a little bit of attention, attention as that, Oh, this is this is the thing to own. Like everyone just attacks it. Do you know what I mean? Because that's where the the like the most recent money has come into. So I don't know what this market is like. Lana had a very similar looking
chart like pumps. And then as soon as it gets some attention, yeah, it just like gets absolutely smashed lower so. I was surprised by that last smashed lower. I have to say I agree. Like I was so surprised that we didn't breakthrough here. It's the ones which like no one's really paying attention, which seems to be outperforming. Like look at Tron. Well, that's because Tron is, yeah.
I guess it's in some ways like not having, having nothing going on, actually slightly better in this market that's just like hers sounds strange, but like if you have stuff going on and people are trying to do stuff on your chain or there's activity, it feels as though that's what people sell because they're losing money on the other stuff. Or at least that's what I'm saying. The thing with Seoul, it's definitely not the best short out there at all. But sure, like the rest of the market.
Are you buying anything? But it's definitely not a short because like there's a lot of good, there's a lot of catalysts for Seoul. Seoul is the next ETF in line. Seoul is where they're constantly working on new product apps, the Nikita beer last week news. Seoul is always constantly mine share on top of it. No matter what they post do or say, whether they're good or bad. This cycles meme coin is far coin. It's on Seoul every time there's a daily runner, if there is one, it's on.
So like last week, the routine trend, it didn't launch on TRX, it launched on Solana. So that's my thing. It's like, and then you have the potential ETF news that could come out any day, then this, then that. Then the government wants to build on a blockchain they're considering. So like there's all these little things on Solana that if you have a lot of shorts, there's so many things that could destroy the short. But again, I'm not a short trader, so I, I've never shorted
my life. I. I I'm not short of it either. I'm just, what I'm trying to say is like, I guess what I'm trying to say is that the actual focus on it and like that people are bullish on it. I think can be a. Bit of a dangerous thing. Yeah, yeah, yeah, of course. What do you think? Market where everything is getting smashed, like the consensus this is a good thing to own versus ETH can also get absolutely smashed and that's what I tend like.
And also people sell pumps. That's the other thing I've noticed. Right now. Never buy a pump in this market, like ever. In fact, that's the stuff to short. So like whatever you think is like, oh, this is a this is a this runs up and oh, this is going to break out. We're going to we're going to return with this, this coin. Like that's the stuff that looks the worst. Or like this gets absolutely hammered.
What do you think? What he's saying makes absolute sense and matches what I'm saying, but I feel like that could also be reversed. So like we're in a downtrend. So if and when a bottom does happen and we start grinding back up, I think the the tokens, the chains that have the attention are going to be the ones that catch the bid the fastest as well. But yeah, it's hard to argue that the the folks are are looking to to short the tokens that run and all the pumps are getting sold off.
I feel like that's going to continue right until we we figure out which way we're going to resolve. Yeah. I think Seoul's going to still be here in relevant in three to five years. Let me like, if Seoul went to 90, I think that would cause a lot of pain, whereas went to 1500 I think people already like. Well, they've already sold their ETH, right? That's. What I mean, I feel like a pump in ETH is actually like the thing that would cause more pain and I think a sell off in Solana
would cause more pain. And I'm just saying that in this market, it feels like people are just going to be in pain. Yeah, have you not already had the mega sell off on solo? It's like it's done as much as ETH, right? Or more. I'm just telling you in terms of positioning like that is, and I think that that is the risky thing because that's again the same reason why you would have bought ETH. Yeah, this, this, this is down so much. Therefore it can't go down more.
It's just a really horrific way to consider trading about stuff in in crypto in my opinion. And that that can discontinue like for a long, long, long time. Boys, I have good news. First of all, crypto dude, I think you're right. It is a downtrend. And then someone says Solana is where all the sneaker flippers are perpetually. I actually agree with that as well. We've seen every other narrative go coming in and out. I have good news though.
Kramer on CNBC today said I can't think of a Dumber day to buy stocks than today. Deal with that information what you will. Kramer said it is stupid to buy. So look, I'm obviously I'm my my 2 bags are Sonic in soul.
So like when I, when you ask me this, I will always have a bias towards Solana. But the reason why my bags are Sonic and soul is because Sonic for me is going to be the home of D52 point like this three points or whatever the fuck you want to name it. It's where the defective is happening. The numbers are not lying like the on chain flow. I know you've shared that Mando. I've shared them as well. So that's where it's happening.
But on the flip side, Solana is where I still see the streets, the trenches, the fucking thing happening. And as long as like a video is going viral, it's still happening on Solana, the meme corner of it. I'm still going to be bullish on that. You know what I mean? So that's I know it's a very left. Back here to a certain extent here where I see it on Sonic, like I see a lot of happening on Sonic and on bearish a lot last week a ton of like and then it's just. Wow.
Like, but it was also. Yeah, I know what you mean. You know what I mean? Like the attention at in this point of the market often means that money's flowing in there and then Air Force gets smashed. You can't sustain it. Is this Mendel realizing and making us realize that we may be in the bear market? I I'm just saying. I don't know, you're asking all these questions that I'm questioning my life for. The trains during the cycle or like the census loans. I think it can be really.
Dangerous. Maybe reconsider my entire life in this last 10 minutes, guys, if for you or you're listening like like everything you're asking me, I'm like fuck, it's just because it's a downtrend. Every pump on every coin you've talked about far coin, Bera, Sonic, Solana, Bitcoin, you've named all these coins so far this last 15 minutes and all of them that every single time they're good coins, all of them and every time they've had. I obviously. Like. Last week with AVAX and I was
like. Avax same. It had all these runners and these. It's going, it's going up to 23, maybe 20-4. Maybe this is the thing I'll break out. And then just because it popped its head above the parapet it just got smashed and just underperformed for the next 7
days and I was like. I know, but but you know why like because you asked the main question about Solana is because Solana still ran the hardest with one of the meme coins being the best runner, which was far coin when Bitcoin ran again to 8788, right? So those are the little signs I look for. I'm definitely stuck in spot bags at this stage and I'm just going to like go on my trip and
chill, you know what I mean? Like this is I think this is what everybody should do until, until the summer if everyone calling for June. Mando's still my my quant too. Cram wave. Mando's still my quant though. Of course he is. I think. I think Mando just made 3 balls realized including himself that we may be not doing great right now. Do not buy momentum. That's what I'm saying to everyone in this market right now. Do not buy momentum and be very wary of of consensus.
This is the thing to buy longs, because on the bad days, those are the things that just get yeah, smashed. We did a video of this show, this Tyler's facial reaction, this entire show with music. Tyler listening to Mando like. I'm as permeable as you broke even I've kind of terms that were probably got a few more months. Yeah, that's the thing. I'm at the same. It's like I have my spot by Isaac. Can't do anything about it. Tyler, I'm going to hold, you
know, and show up to work. So up to work every. Day, you know? Yeah. Look, on the flip side, we'll go to topics, Tyler, but you have the stuff like Gunzilla opening at a billion. I know you're going to open with that. Myriad just smashed through $1,000,000 in volume. We've already put 20 more percent on top of that this weekend. There's a lot of apps are killing it kind of like the the TG ES have done well, yes, in
the last in this quarter. So let's go to your topics today, Tyler, because that's there's some better news there NFT and crypto analysis, Tyler T on FOMO, our cause the kids. Can't hope. Surprisingly folks, crypto majors are great here. We're up 1 to 2% despite some deep macro and tariff concerns coming out of some volatility from the White House yesterday regarding a third term bombing Iran, Trump being angry at Putin and more tariffs.
So it was quite a day of piercing volatility from a macro standpoint during that. If Bitcoin hit a new low point O 218, that is a five year low. This morning we got news the Trump family is investing in a Bitcoin mining company, which will fold into this new company called American Bitcoin. They're also going to look at a strategic reserve. We had Bitcoin miner Mara raised $2 billion to buy more Bitcoin. They're the number 2 holder for companies.
Then Sailor breaking right before the show, he bought another $2 billion at an 87 K average. So the companies are piling in. On Friday, we saw the FDIC give banks the green light to engage in crypto, saying they can conduct permissible crypto activities without prior
approval. Japan somewhat similarly their financial Services Agency is set to formal position crypto assets as financial products on Friday we also saw Trump pardon the Bitmex founders after they pled guilty in 2022 for failing to implement an anti money laundering program.
Saw Arthur Hayes partying at space I believe on the on the back of that news and then FTX plans to begin repaying larger creditors by they still have an $11 billion cash pool to to pay that out in token air dropping protocol news kind of a lot of news actually, this guns token, the gun token from the AVAX hit game off the grid lost at a $1 billion FDV. So strong open there. We have open C go check out your
open C people. If you bought an NFT and held it over the past six weeks, you're eligible for this latest XP package. So it out wayfinder on the parallel prime team, they confirmed that prompt TGE will be within the next one to two weeks. So it was a delay. It was supposed to be today, but it's going to come soon. And then shout to Myriad across $1 million in lifetime volume on Friday, big milestone there. Rounding this out in AI and memes and NFTSAI sector down
about 5 1/2 billion. Lot of red on the board. Meme leaders down about 3 to 5%. Meme still notably 50% of the overall DEX trading volume on Solana pump fund still making $1.5 million per day. A couple. One interesting story here, Tiger King, Joe Exotic. He did an interview with Decrypt. I know. When when asked why he dropped a meme coin, his answer? I'm knee deep in lawyer bills so now we know. At least he's honest. He was honest and and so were market participants who did not
buy his coin. I think it's a market cap. And then the NFTS Taproot Wizards dominated the weekend from a volume perspective. That floor was a .16 Bitcoin though this morning. So that was down under the the NIT price. And then those quantum cats will become unentangled today. Some some of those may be hitting the market later today as well. Yeah, yeah, the cats. Yeah, the quantum cats. See you, Randall. There is a OK. There's a lot to unpack here. There's a lot to unpack here, a
lot to unpack. What do we even start about? Opportunities because we just, we, we went through the the 30 minutes of bear market therapy's not the right word, but just. I mean, he's got a point, right? He's got a point. For sure, but I think the for those who do still show up every day, there are opportunities. So I think that is what I want to highlight. And this this gun token is the newest. This was a huge sign for Web 3
gaming. This is tied to the off the grid, the team behind that game off the grid, which is a very successful web three-game. They're going to launch this Gunzilla AVAX L1, the token admittedly it it has a 6% circulating supply, so certainly low flow, but $60 million market cap, $1 billion FTV here at open. So so folks who were grinding that one I think have to be quite happy about that token open. This comes after. Last incredible. Walrus token hit 3 billion FTV, so we've had a lot of
successful. That is incredible. And what? Is. Many people are calling a bear market. I don't know what if we are ready to label it. That or not it's an opportunities market. Yes. So I think that was a huge one. Love to see that AVAX has a lot of momentum. There's always on top of it when it comes to gaming, man. Always, always, always. When you tell me there's a game that's doing well or that has done well, that is somewhat has
momentum. I hear the word avalanche after this, and I'm not being pegged to say that. I don't have any holdings. Nothing. I didn't participate. I'm not a gamer. I suck at it, but I have to give credit where credit is due. It's always on Avalanche. Yeah, they've been doing well. They also had a nice little, you know, meme coin cycle meta here the last few weeks. So. There's been some people made some money, yeah.
There's been some action over on AVAX and then in the NFT streets, if you show up, buy and hold NFTS, now you're getting this open CXP point. So that's how they're. Doing. I don't think I've got anything. Yeah, well, I got 0XP. Sadly the NFTS I bought were a crypto punk and then masks from Sam Spratt and I bought those on Nifty. Gateway, I don't remember last time I bought an NFT. I don't think I bought an NFT in like a year. 2 years I don't know.
So I've done $150,000 in NFT volume in the NF0 open CXP. Not great. Can I just say the open C homepage is so beautiful? People are loving Open C2, the redesign. They've been taking user feedback. That is so nice. Oh, look at that. Hey, where are we? We're going to put our shit up there all right, but dude, this is a really nice. Oh, they have coins on there. It's true. I forget you can trade meme coins on open T now. Wow, this is really nice. Tyler. I just realized this must be
new. This new homepage. It is beautiful. Yeah, they've been redesigning it and they've been continuing to climb up the the market share ranks as well. I think when they TG bro with all the little things they're doing, I feel like they're much more mindful in the way they move Now. Open C in general. But you know me, I'm always positive. So please open C. Please prove me right. Please I beg you. I think this could be a good air drop when it happens.
When it happens doesn't have to happen today. But I think so too. This is this is really positive. So we'll see what happens that front, what else? Tell me what? Let me see these prices real quick though. Yeah, let's take a look. It's OK. I mean, what apes are up 14 eighth? Yeah, apes doing very well. Oh, crazy eye floor. You know what that means? Do you know what it means when the floor is crazy eyes and apes? Yeah, it's historically.
Historically when the floor is crazy eyes, it's usually a pump after that, but we'll see. We'll see if that still happens. So what happened to Doodles was just a little bit of little, little drama happening on timeline. I haven't seen too much the former CEO, he listed these doodles. Yeah, where's Steve's page that you posted about it? No, not this Steve. This Steve. So he's selling his doodle. OK. Yeah, that's a little bit of. So he's listed this for 10,000 dollars 60th.
That is historical. Someone should buy that. That's a nice one. I mean, it's definitely a collectible. It adds to the collectibility of the doodle. Very interesting. Anyway, they're. Kind of going through this shift, yeah. And something I saw on your board abstract NFTS. Abstract continues to have, you know, some nice screen on the board just on on every day I I log in and check there's usually, you know, a handful of
collections up 10 to 30%. So there's definitely plenty of signs of life in in the abstract NFT eco and then the other headlines stepper Wizards over on Bitcoin, I think we got to quickly talk about that. They did like on opening day, I think $6 million in volume. They're pretty significant number compared to like what we've seen compared to the rest of the market now down about 20 percent, 25% from the price of 0.2. So holding out at 0.16.
There's going to be some supply at the market here, or not supply, rather there's going to be some quantum cats hit the market here when those untangled ones come out. I don't know what to to how to read this one. I think this is a little bit lower than I would have anticipated, especially with the Dutch auction came out at .31. Could just be a sign of times for Bitcoin. Yeah. These and people just aren't really to go risk on in this area yet.
I mean risk on brother, this is a fucking $17,000 NFT 2, right? Like even a .16 Bitcoin, like what's .16 * 83 thousand $13,280 And let me not do the conversion in Ethereum. Let me do you want it? You want it in East, that's 7 1/2 feet 7.25. If you want it in Solana, hold on, let me do it in Solana for you real quick. It's 126. Oops, I did 166. My bad. It's a lot of Salon, let's just put it that way. You know? It's a hundred. A hundred.
Sole actually sounds less bad on solar underneath, I'm not going to lie. But yeah. What? Do you use for the 70 floor? That makes it the fourth highest PFP collection across all chains. I mean, that's a still a very strong open. Yeah, look, I, as you know, I've said I love, I love Udi, I love the team, the I'm a fan, but I don't have a read on the market of this either. And it's not like I buy anything myself, so I should say
something, right? I don't know, like I didn't rush to buy one of these prizes if it goes to .1 by Wizard if big if by the way, you know what I mean? Yeah, I think there's going to be a number where these start to get very attractive. .1 by Wizards because because I like them but they're so funny looking. Anyways, so as that, what is Do I dare look at the rest of the ordinals prices or am I going to, like, ruin my day?
Bongo's laughing. I think the other take away here is like it's going to be hard for the to see the other collection to run if if Wizards are going to. Sit. Oh my God. Yeah, Point O3. Oh Howard Branch puppets Point O 4 water round trip. Yeah I'm feeling like for broke in 2022, not 2021. Whatever realize I'm round tripping my shit anyways. What else Tyler? What else does UIC shaft feed us too? We're going to go to. USA hold you with me a second.
I think the way we find that, Gee, this is another opportunity. There's ways you can, there's like some quests that you can do. You can just open up wallets across different chains, do some basic transactions, earn some points and of course like if you want to do invest capital, you can buy the prime token and cash. Of course that's a more risk risky trade because the prime token could go down, but there are ways to still to get some exposure to that. Oh also I'm yapping is one right?
You can post content about Wave Finder and get rewarded on Kaido and perhaps from the team as well. I totally forgot about this. I used to check in here and there. I'm starting to disconnect. Oh I have a lot of yaps. Holy shit. Not bad. I don't even try. It's not bad. 3000 yaps. You still yap Tyler, you love it. You got like a masters in in yap in the omics. I mean, one of my jobs is to show up and. That is true. That is kind of your job and you are very good at it.
Engagement and hitterness these days, I'll just say. That dude, engagement on weekends is like dead Sundays. yo-yo, in the audience. How is your engagement on Sundays? I, I have to say, engagement on Sundays is busted now. Like nobody's home on Sundays now. You know, it's, it's been something it's been something. All right. Well, Tyler, do you have anything else? If not? I will go pardon. That's the roundup. All right, all right, all right.
We already thank you, Tyler for bringing some spirits back up into this well needed show. But listen, we're keeping it real. Tomorrow's the start of a new quarter, Charla. It's going to be a good quarter for all of us. We'll see. All right, let's bring Shafi. Rafi. I got to say that's probably the coolest name we've had on the show. You know, that's I got to say, what's your name? My name is Rafi. Shafi. Rafi. You know what I mean? It's gangster.
What's up Shafi, how you doing? What's happening? How do you think guys? We're good. We're saying, listen, we're I guess we're we're very eager to end this quarter. You know, sounds like consensus here. We're excited for this quarter to be I. Feel you. I feel you. It started well. It's kind of. Yeah. Not done so well since then. Yeah, I pulled up the monthly chart earlier because of Tyler on the show of Bitcoin.
I was like, well, January, January was amazing, like the month of January straight up to 110 BTC and then and then February and March were just like one after the other red months. But listen, if it was easy, you know, we wouldn't, you know, it wouldn't be the way it is. Tyler loves to put it that way that we need, you know, it needs to be hard. It has to be hard for us to enjoy the ride. And I think Tyler's right when he says, anyways, Chaffee on to you.
I mean, look, it's a builders market. We talk about this. So I'm assuming things are going well. Looking behind you at this wonderful office that you looks like you have for Shafi. Why don't you give us a little TL there? You know who you are, you know and what you guys do. So I'm Shafi, founder CEO of the energy. We are the first layer one blockchain to be powered by
energy, renewable energy. So as you guys probably are well aware, most layer one block chains are either powered by a proof of work or a proof of stake. So staking native coins to power or to validate the network, we have pioneered and developed a new consensus mechanism which requires our validators to stake renewable energy in the form of
RWANFTS. And these real world assets, real world renewable energy assets, they're in the real world, they're called REC Renewable Energy certificates, which is a certification standard which is issued to every clean energy producer, whether it's solar, wind or whatever. So our consensus mechanism requires the validators of the nodes to stake these in order to secure the network. OK, wow. This is wow, The 1st L1 that's powered by renewable energy.
That's super interesting. And also the 1st L1 that's powered by not the native token, but the actually by an NFT in the form of a real world asset. Interesting. OK, wow, you definitely got my curiosity here. So what makes you guys different from every other project? I'm assuming this is it, but you want to maybe dig in a little deeper, like into this whole NFT?
I'm curious. I think most projects, most blockchain layer ones, they essentially build a code, you know, the, the kind of metrics that they compare themselves are you know, TPS or, you know, the scalability or, or what other mechanism that they find that is their unique selling point. And then once they deploy and they launch, they, they start to look for use cases and for utilities.
Our blockchain is natively built in a use case which allows the freedom within our wallets natively to be able to trade peer-to-peer renewable energy. So the current renewable energy markets, the way it works is in order for you to offset your energy, which as we all know, you know, with the electrification of the world with electric cars and AI data centers and things like that. The agenda with, you know, Net 0 by 2050 to allow people to offset their energy seamlessly.
The current system requires you to register with the local kind of registry that you can store the renewable energy certificate and then you would have to go find a broker. The whole system is really archaic and actually a bit outdated. So you know, to me, my background is actually from renewable energy. I was a commodity trader and obviously early crypto adopter. And basically I kind of saw that this could, you know, converge and synergize into actually one ecosystem.
So what we're building is what we call the energy backed economy. Our tokens are the fodder of 1000 times offset energy. So every time our, our network uses one MW of energy, we offset 1000 megawatts of energy. So it becomes a regenerative system. So we're not just net zero, we're, we're actually adding clean energy into the environment. So by engaging with our network, you're hitting all your ESG targets, you're helping the, you know, the climate and you know,
the, the, the world as a whole. And you're actually also, you know, profiting from it because we have the possibility of staking energy, which didn't exist previously before our chain. And yeah, there's so many moving parts to it being a fully integrated ecosystem. Yeah. So I mean, yeah, I mean, there's a lot to talk about. So I mean, I would start the basics and say what we've done with democratizing energy, we're
allowing it to be tradable. So for example, in the US, only U.S. companies buy renewable energy certificates. In the UK, only UK companies will buy the locally produced ones. But within our ecosystem, it's borderless. So somebody sat in Dubai can by US certificates, they can stake it to earn a yield, to earn a return. They can they can do all sorts of things they can stake it for or they can buy it for
speculation. They can buy it and you know, they can set it and put it in the marketplace and you know, see if there's anyone interested in buying it for the price they set. So yeah, the whole concept of the blockchain is actually to make the foundation layer of our blockchain renewable energy. Because the way the world's headed, everything's being electrified. So it should be like the foundation of value should really be in a digital world, you know, the value should be
energy, clean energy. I like that. That's very unique. I've never heard of something like this that's so interesting. Yeah, we're taking a different take on blockchain technology. You know I will. Be So what? Push you to do that? Like why? Why are you doing this?
So I mean, there's many reasons. First of all, like I said, I have a background in renewables, so understanding the markets from the inside and understanding the intricacies and and the complexities for the average person to engage. So I mean, the best example I would use would be if you remember Forex, for example, you know, in the early 2000s, you know, you could go to a Bureau the change and buy your dollars and exchange it for yen or whatever.
But no one ever really did that right to make kind of any profits that no one would ever do that. Then suddenly in the late 2000s, you know, in 2010, 2011, everyone suddenly was a Forex trader because all these applications came and, and allowed it to be easily tradable. They did the pairings and all of
these things. So for renewable energy right now, which is probably a fundamental, one of the main fundamental resources that people should be looking at or people should be investing in for, you know, the future of, of this planet. It's got such an archaic system. Like I said, the system's so fragmented and it's so disjointed that bringing that on chain only made sense to me.
And you know, we've, you know, we've been developing this project, should we say, you know, Black Ops, you know, without any, any kind of marketing or anything because right, you know, you have, you have chains out there that have 100 million. Yeah, I know.
Available to deploy, but without, you know any real idea of how to utilize it. So like I said, we have an inbuilt utility and what we're actually doing, we have a use case which is, you know, helping renewable energy and helping renew renewable energy producers benefit, have liquidity and have, you know, instant customers remove, removing the middle men. So yeah, we're we're democratizing energy. Interesting.
I like that. I like the so is that, is that like the big vision here, like your North Star, 'cause I'm looking at the sorry, I'm just like going through your website, what we're talking. About yeah, go for that. And that's what I'm sharing on the timeline, which the website is D dot energy, which actually nice, nice domain you got here. And there's the white paper, there's manifesto websites
looking clean, very easy to see. So for those of you who are listening on audio and you can't see what I'm sharing online, just check it out D dot energy and you can, you can learn more about this. There's a white paper and there's a manifesto that's pretty like short and sweet and pretty clear here. So is that your North Star? Yeah. So I would say our new star or our kind of big vision for the future is making clean energy the new currency of the digital world.
You know, like I said, we're heading towards a completely electrified world and the energy use of requirements is just going to increase. So making, you know, Once Upon a time our currency was backed by gold, you know, before it became just, you know, promissory notes. So we're, we're, we're using technology to verify and to create a really fair system that allows people that are doing positive impacts to, to reward them directly and provide
liquidity. So yeah, the big vision for the future is just making clean energy the new currency. Our our our native tokens called Watt coins like electricity watts. So what's only produced and can only be produced. So we have something which which we call inverted mining. So as Bitcoin requires loads of energy and resources to be depleted and used in order for a coin to be generated, our system requires every time our network uses one MW, 1000 megawatts gets offset and only then can what
coin be created. So it's an inverted mining process mean, meaning that is a net positive impact on the environment before a token can be generated. OK. And so wow, this is like quite the opposite of drill, baby, drill. It's mine, baby mine. This is exactly that, yeah. This is Speaking of mining Tyler. You missed out that the Trump's invested in a mining company that lost you with a hot 8. I I thought you were. Yeah, but I'll talk about that. We'll.
Keep back for tomorrow. We'll keep back for tomorrow. So, so there's a token. So is that token already launched or like, how do how do our listeners, you know, tap into this? So we are currently running in test net. We've been running our test net for just about a year now. We're imminently I would say within the next few weeks or within the the next coming month, we'll be going to main net.
We'll have our TGE and we'll be shortly after announcing our public sale, we're doing a public sale on our on our first community run decks, which is called Wattswaps. So Wattswaps is a community run, community run project which allows instant liquidity. So there will be pairings of it's already bridge to ETH. I believe I was speaking with the team. So you can do your USCT or your USCCS for swapping and there will be an instant liquidity
pool there. So yeah, our tokens will be, you know, I would say join the, the channels and, you know, look at our Telegram, our Discord for updates on when the public sale will be available. We're having a whitelist for some of our community, you know, our, you know, veteran community members, They, they can be whitelisted. There's certain measures which we're announcing that they can do to qualify for that. So yeah, the token's not available yet, but it will be imminently available.
OK, OK, so how does the listener FOMO hour tap into this? Like is there, is there someone in in like how does someone here participate so that they could like get a little bit of something? So I would say your community are more than welcome to participate in the upcoming mechanisms that we have some competitions which we'll be running, the winners of that will be automatically
whitelisted for the public cell. And there's certain other kind of mechanisms which we're discussing we haven't finalized yet. But like I said, listened in to the community. All the announcements will be posted there on our X Yeah Telegram Discord. All right, perfect. Well, Shafi, thank you so much for for for being a part of us today on the show. You can check him out Shafi Rafi on X or just D dot energy on that's their website. It's got absolutely everything on there. So check him out.
Shafi, thank you so much for coming today. Thank you so much. Thank you for your time, guys. Pleasure. All right, all right, all right. Well, that was the show. Boom, right on the .1100. Love to see that. And tomorrow it should be on. I definitely won't be on. Yeah, because it's 4:00 PM in Geneva, so definitely should be on the show tomorrow could be fun. And then. And then I will be off then. I can't wait to be in Europe, man, I need to change your air. Fuck.
Yeah, we're going. What are? Let's move now. Man, I have I'm going to be away for five weeks, brother. It's stressful. How do you pack from this? Good question. So I first of all, I packed on Friday so I don't have to deal with it this weekend or today. Second of all, you have to pack different vibes. You know what I mean? So it's like 'cause Geneva, I have to like dress really up like after like wear suits and shit, but then I'm going to ship and back home. But then Paris is Paris
blockchain week. So we'll be there at the Paris blockchain. Wait, for those of you who are going to be speaking any all the good stuff or video stuff, this is one like laid back crypto conference vibes. Then I'm going to Lisbon for two weeks to work with our team locally and also work on my move. So I got to work on that. And then we're going to Dubai for token 24 now, which is a different climate. Like shorts and T-shirts every day because it's too hot, you
can't breathe. So it's tough to pack for that Tyler. But you know, when you're on the road like 4-5 months a year, you kind of learn like I managed to pack all of this in one suitcase in the tiny, like, you know, my little carry on. So it's so bad, right? It's not bad. So yeah, it's it's going to be a lot, but the show will still go on. Don't worry. Don't worry, y'all Mando Tara still there. I should still be there for the for almost all the shows. Just Wednesday interview will be
tough. And with that, with that, with that, we'll see all tomorrow morning, 10:00 AM Eastern Standard Time for another episode of Foam while we're on rock radio. Let's go.