Good morning, good morning GMGM everyone, and welcome to another episode of Omo Howard Today. Today is Friday, May 16th, 2025. Books Sun is shining, the coins are green. Feels like we're set up for a bullish weekend here. I'm being told in the studio that it's Spark Coin Friday. I'm learning this in real time. We're going to find out together exactly what that means on today's show. We've got a lot to talk about. I've got my Co host in the house. Baroque is back.
We've got Logan as well. Boys GM, how you doing Baroque live from Toronto? How's consensus? Live for Toronto, eh? You know they speak weird here. We're here. You know, I got to tell you I came to Toronto to make sure the Leafs lose and as soon as I got here, they got their asses group 6/1 the other night by the Panthers and tonight it makes they could be getting knocked out of the playoffs. So that's why I'm here. Tyler. Things are great. Things are great. I love the energy.
Consensus is, see, like my favorite conference every time, whether it's in Hong Kong or anywhere they do it. And I have to say, I have to give it to the Coindesk team. This is one of the highest quality conferences. I've been out again, again and again to keep doing it. And I say that every time they do it, but it's really good. Yeah, they're really strong. I went to the the consensus in Austin a couple months back. See, that's the one that just moved up here. It's impressive, man.
It's impressive. Yeah, a lot of high caliber folks, really, really well done. So shout out to Coin Desk that looks like we got Mando during the studio. Look at his new background as well rocking the. Shirt we love. It rocking the shirt today. I think I've got a different background actually, maybe one because my head when it's black like this, it just kind of. Yeah. You know, it just kind of gets you. That's all right, Mano. GM how are you doing? I'm doing great.
How are you are we live? Yeah, we're live. We are live. Yeah, you came in right during the intros. Perfect timing. And it's going around the horn. Logan, Jay. Good morning. Doing well, fighting off some early morning rain here in Pennsylvania, but otherwise, can't complain. Excited to be here. Happy Friday. Yeah. Happy Friday to everyone, folks. What are we talking about on today's show? We're going to start with the market report. More institutions are buying.
Bob Lucas says we're going to all time high in six days. So we're going to talk about is he right or not? Arthur Hayes has laid out his latest essay calling for $1 million Bitcoin by the end of the Trump administration. It's also Fart Coin Fridays, so we're going to find out what that means and what the hell FAR Coin is going to do from here. Coin bases bad day got worse yesterday. We've got FX Distro 2 coming out the end of this month. We got a new draft of the Genius Act.
Kaido continues to outperform. Along with the hype, we're going to talk about the latest rewards that are giving out over 6,000,000, that current pricing. We've got the launch coins ecosystem cooling off rotations, perhaps back to memes. We've got a new AINT game that Logan has been grinding, the Frankly Gods hack breakdown plus more, plus triple yeet action today folks, we haven't done it the last few days. We are going to make up for it today.
Triple yeet action. The code is weakened, so go ahead and and get in and grinding for that one. We're going to be giving away a lot of cash at the end of the show. Before we dive in, shout out to our partner wallet Connect Wallet connect is the connectivity network shaping the future of on chain UX. If you've connected to a web 3 app, you've seen wallet connect that blue logo, it's everywhere, an icon of trust in crypto as a recognizable as Visa at the checkout.
If you want to learn more, follow at wallet connect on X and Telegram to stay ahead of what's next. All right, you know, if you're ready, let's get into it. Thanks man. Who is the man Macro Bloody of the Lamb? Can you dig it? Yeah, GM everyone. So we have a little bit of a better day. It feels like today most of my the coins I'm tracking are up. Since when? We showed since the show yesterday, not that much in terms of macro. We had obviously a little bit of
a miss on PPI yesterday. Stocks had no K day in the end and they've been relatively quiet today. It feels as though the biggest headline yesterday was the Coinbase news, which I guess is a big bit of news if you care about Coinbase stock, which went down quite a bit. But other than that, it didn't really affect the market. Bitcoin's still hanging out at this 104K level. It's been good that it's kind of been anchored there. Even though gold has had a little bit lower Bitcoin
dominance as well. Hasn't hasn't just reversed. I think last time we saw this move in Bitcoin dominance, it went, it went down and then just like immediately almost reversed. And it's actually gone down again a bit today. So interesting to see if this kind of trend continues. Obviously, I've been saying like I'm, I'm more bullish on ETH right now and that could continue. But Bitcoin dominance has gone back it, it kind of hit 63 1/2, just it's now back below 63.
So maybe we will see a bit more of a sustained period here of, of altcoins outperforming or at least ETH outperforming not really much on meme coins. It feels as though the there's been a bit of wind out the sails of the of the recent matters. The biggest mover I see is with which is interestingly catching a bit of a bid and maybe some of the the more ETH based meme coins are outperforming slightly today, like Pepe and MOG are
outperforming far coin again. I'm keeping being so surprised at this coin like it doesn't it's been trending here for a while. It feels like now like kind of feels like it was at this level. Was that one point? Yeah, was that one point two basically in April about two months ago hit hit kind of this sort of level and it's been hanging out ever since, which has been strange to me. I do think one day very soon that one's going to have a bit
of a decent move. But maybe it's just the PDP nature of soul at the moment or just naturally of soul that's causing that hyper liquid. As you have been tweeting out, Tyler's probably the the biggest gainer in L ones. It was kind of I think mentioned in that Arthur Hayes piece too that you know he's looking for alt coins with decent product market fit slash utility at the moment and that one fit fit the bill, yeah, but not not much else other than that.
Most of the other ones are up slightly, but it's definitely high beneath. Which are which are the strongest? Yeah, I think that's the rundown. There really wasn't a whole lot on the on the macro side. I'll come back to the coins here in a second. I think we had the Coinbase we talked about the Coinbase exploit on on yesterday's show. I don't think we really need to go back through that.
It does feel like the reactions kind of got worse as the day went on as more and more folks kind of realized the scale of the data that was leaked, exactly what it was addresses, photo IDs, It's bad. It's it's serious. And it does feel like they it was, it was a lack of internal controls, effectively offshore customer support teams that were bribed and enabled this to happen. But at the same, I mean, the market's shaking it off today. Coinbase up 6% so out outpacing the the majors.
That's that's, that's surprising the coin stock today after yesterday's events. Yeah, I'm surprised as well. They also the news came out in the second-half of the day that they're facing the an inquiry from the SEC. Isn't that an old one? Is it I I I saw the the the headline come through, I thought. It was lingering, yeah. From Biden admin. I'm not sure I'm 100%, but I saw something like this from Paul.
There's Chief Legal, but yeah, that you'd think that it would be down today, which is impressive. Yeah, exactly. So people are are are shaking it off. I don't know. It feels like a lot of brand damage has been done and we'll we'll see if it's a less comfortable to custody your coins with Coinbase knowing that this has all happened. Yeah, it feels like a quiet day overall, both for macro and for
and for crypto. Like if the biggest news is kind of yesterday's Coinbase headline, then so much we can be shocked about the customer data for 1% of users being lost, right? Well, I think we don't, we don't believe that it's 1%, I think. That's saying, yeah, it could be more. I want to hear more about you. For Rogue, how's consensus going? Like what? What's the vibe there? It's good, man. I got my Canadian flag in honour of consensus going on in the background.
It's great. Honestly, I was hitting at the top of the show. Mando. It's it's always like the best conferences. These people know how to do it and do it right. The quality of the people that are here is pretty big, like a lot of large founders because you know, it's North America, right? So everyone came up from like New York or like Miami, whatever.
A lot of people from Canada, right, Like Canada, you know, as much as they try to fight this crypto evolution, revolution, you know, is home to some of the largest, biggest founders in crypto, right? And so it's really impressive to be here. The conference is really good. Some heavy panelists. So yesterday I was speaking at 11 AM and Kevin O'Leary just so happened to speak at the same time as me. So, so my panel was, you know, half empty because of Mr. Wonderful.
I'm sure you had some great thoughts on the future of crypto and and his backing of SBF, you know, but besides that, you know, Dave Portnoy also definitely had a lot of good things to say, you know, because he knows a lot about crypto and so he was saying perhaps XRP could become next Bitcoin. So you know, it was really great to see those headline speakers that really, really care about our space. But besides that, you know, they they brought like Eric Trump out
or is he today? Is it today? I think it's today. And they brought some some really, really high quality people on the side. Events are just really good. So been good, Mando, it's been good, some some good business being done and and some some, you know, some great people to see. I spent some time with the bear chain founders. Finally got to meet Smokey tonight and and Yogi some good lads too. They got some really cool stuff going on and and the people love myriad.
You know, I every time now we that's how I know we're starting to get a lot of users because like when people come up to me and before was like, Yo, I listen to the morning show and stuff like that. Still get that, and they love you guys, but now it's like, yo, like I've been predicting and collecting my points and I'm like, fuck, yeah. So it's like, that's how you know that your thing's starting to work out, you know? That's very good to hear.
Logan just just did his weekly rundown of the, the myriad markets, the hot markets from this week. So if you're looking to to get some action and go go check that out. Well, it's Friday. I thought it might make sense to just do a little fun like thoughts on on some of the tokens as Manda mentioned, there's not a whole lot of news today on the Bitcoin front.
A couple interesting tweets posts, technical analysis that I saw so one this summary headline of the institution buying from this week was a was a pretty big one. Goldman Sachs up to 1.65 Abu Dhabi up to 511. This new Hong Kong company 860 million so that that trend continues. Bob Lucas shared his latest Bitcoin TA a couple days ago and it is calling.
He's saying we were this was 2 days ago, day 37 of the 60 day cycle calling for Bitcoin all time high 110K day 45 that is next Thursday. So I'm I'm curious for this group's thoughts you are you in line with Bob? Do you think we we touch all time high levels next week or are you saying we're not quite there yet and I'll throw to you. I think there's a lot of air between between 103A110K. Like 110K has been like a point of resistance a bunch of times.
Like if you look at it, it hit it once once or maybe it's like 100 and 708 K, but it hit it multiple times in that second period. I'm not going to hit all time high. We may get an all time high close. Do you know what I mean? Like I think it could. There's no doubt it's about to tap that level of resistance, right? There's literally just no doubt because that's been where it's hit so many times. It just it, it may stick around
there or it may smash through. My guess is we've probably got it, hits it once and then goes back down and then hits it maybe once or twice more. Yeah, if you look at the closes, it doesn't look like we really ever closed much above one of the six. Right, exactly. That's what I've been. Yeah. So I mean we're, we're, yeah, we're right back at the top of this range and we want to be cautious about, you know, being super bullish at the top of the range as always.
But like this recent price action, we, we got to what 94 we we chopped there for two weeks then we leveled up now one O 3, one O 4 shopping there for a full week now. And the question is how much longer are we going to consolidate here for Oak Firmable? What are your thoughts? Dude, I honestly, I'm so surprised that we haven't broken down yet to like back to like like we kissed 100 that other day and that's it.
So I at this stage I'm like, wow, because but first you're like, we haven't broken, you know, above that one O 4 top range yet. We're probably going to get smacked back down. But now he's like, wait, we're holding really strong up there. And, and the news are only good
in the political side. I don't know if you guys saw like Fox, like broke down like Trump's, like the recent trip to the Middle East and how successful it's been like, arguably like one of the most successful Middle Eastern trips in history of an American president. And, and I'm looking at all these investments being done and all these, all these deals being made with NVIDIA and everything. And then I'm looking at the price of bitcoins and I'm obviously live getting sentiment.
So it doesn't help, right, Because everyone's so bullish at events right now, right? So it's like you that life sentiment. Well, it does help. I don't know. So I don't know, tough for me to tough for me so far, you know, we are still in May, but we survived the first half of May without selling off. And now if we could just liquidate that fart coin white whale that's short on hyperliquid and I'll be fine. I get the sentiment that that folks want to, they want to sell
them and go away. Like everyone wants to take the summer off. Like that's the sentiment I get on the timeline, but there there's too much action right now to do that. Logan, curious for your thoughts. Yeah. I, I actually, I feel like this consolidation range, if you'd like to call it that, for what the last few weeks, I don't know, the days blur together, but feels, you know, I'm not the macro expert here, of course, but it feels really healthy to
me or it's felt more healthy. I know yesterday we mentioned like a little bit of a lingering feeling of the uncertainty and uneasiness of like more sailor like institutions coming in and what, what does that actually mean? We had a good debate about that. But I, I, I still feel OK here and I, I think breaking upwards towards that number is, is totally in play. I don't necessarily know what it Bob has it like in two days or something, In six days or
something. Crazy thing like that next Thursday. Yeah, I, I, I won't venture to guess or put an actual date on that, but I, I do feel, I don't know, just a lingering goodness, if you want to call it that, about this recent consolidation. And everything feels a little bit lighter. But the, the craziness is, of course, the, the volatility and the uncertainty of whatever Trump might post on social media in the next 24 hours could completely, you know, spin that thesis on its head and, you
know, in microseconds. So that's the that's the world we live in. And need to remind ourselves that we were at 77 KA month ago. So this has been a a big move. But just look, I mean, all the dips recently have been bit up pretty fast. I think folk, you kind of mentioned that it's like there really hasn't been much of A dip at all. The other the other one we want to watch here. ETH outperformed again on the
day. Up up more than Bitcoin looks like it's OK ETH the 4K. Imagine the smell around 54. Ki love the transition of Mando into like the arguably the biggest E bull. He's like Cecil and and you know, bank list and all those guys DC, they put up Eric, Eric Trump. They've put up with so much shit in the last few weeks, year, year and a half to year and a half, right. Oh, year and a half of this and now men comes in balls swinging calling it the 4K and so happens
to be potentially right. I'm just telling you like, yeah, two years of underperformance, it's up what, 25% versus Bitcoin, something like that. There's a lot of pent up sexual. If. It if it really wants to go here. Oh, it's, it's, you know, Ethan's going to blow its load at some point. Less than less than 48th, we'll get you a Bitcoin now. Well I was like 55 a week ago. 55, which was just an outrageous
number in in in that moment. So hopefully you didn't swap your ETH to Bitcoin at that at that bottom. The other token I want to get thoughts on. I know one that that's near and dear to to your heart there far oak is far coin. It's far coin Friday, so I so let's talk about it. And this thing has been grinding up. It is just cup and handling cup and handling, but never really breaking out right, like we're seeing we're seeing like the 20% breakouts.
A reminder for folks, if you're not in the stream that weekend is the code weekend is the code for eat action today coming up later in the show. I've seen this chart before in me, the steady legs up like this, and it typically happened before a big breakout. I feel like the inevitable breakout is coming at some point. I don't know when and I don't know what the catalyst is going to be. It's. Going to happen. You just got to believe, you know, You just got to believe. I know dude.
On my way to consensus, it was like 147 and I was like euphoric as fuck. I should have known like on my train right here. I was like going crazy and yeah, again, we got smacked back down. Feel like there's a lot of pressure on what, like 1:30 What is 138? Something's going on, man. There's, I don't know, It's, I like it. I like it. I think it's going to, I think it's going to break out at some point and it'll look good, you know? What's your target if we break out from the 145 range?
160 and then two. That would be annoying if we just keep going up $0.15. I know I mean. It's very possible. I mean, that's, that's the more likely next level, yeah. Man, you never know, man, Bitcoin goes to all time high, Ethereum goes up, Solana goes crazy too, and then you know, then the slights on. But I don't know it's it's it's it could be frustrating. It could be frustrating, but you just got to I believe I I still have fat ass position on and I'm just going to wait when I'm when
I'm. Conference travelling. I'm hands off. It's my rule. You got to just believe. It's good as sleep adjusted risk point at this point. That's what you want to do right now. Sleep adjusted may get some sleep adjusted returns. That's not that's actually not a bad idea. Launch coin has not been the most sleep adjusted hold by any means. It's incredibly volatile. I don't think we need to spend a whole lot of time on it here today. We've been hitting it pretty hard this week.
It's at 180 million, down 30% on the day. It looks like passion X kind of come out and said, A, we're going to slow things down and then B, there's been some fun around fees and and how the the different creators are getting them, He said. We're going to try to make some adjustments. I think this is going to be an
interesting next week for them. I think we'll have to figure out some next moves, perhaps some announcements and it wouldn't surprise me if they kind of chop, wouldn't surprise me if it kind of chops and bleeds a bit over this weekend. I think it peaked the ecosystem was around 500 million. It's around 280 million right now. And the daily volume down about 60% fees down as well.
So, so not as you surprised the fees are down if the volume is down, but it's going to be a pivotal next few days for that. I think perhaps it's more interesting to talk about as Kaido continues to grind up. Man, this thing's at 2 billion two dollars. This is on the back of their latest rewards with Infinex. You guys see this? Somebody's posting me. I get I've got 6 grand coming to me next week from this. What you were you been posting about Infinex I? Haven't.
What do you mean? B check DM me and said look you get because you were like I I think I must have been a big yapper last week, which I don't know, and they just he just has to be pacing me opposed to me being like you've got 6 grander rewards coming. Wait, how do we check that? Yeah, we need to share. That I've been yapping bro. Hold on. I didn't get any DMS so I'm going to say I'm not on the list. Which I don't know. I wanted to slam my desk when I
saw this today. So just to give folks who who may not be familiar, Infinex has been running a campaign on Kaido. They have been alluding that their top yappers would be very happy. They just announced that they are going to distribute $6 million at current prices in the form of their You Patrons tokens. This season 0 is the season that
they just ran. They're going to have $600,000 in rewards, 900K for the next season 1 and then more for season 2 and season 3. Of course, that's the current prices, so the prices would have to hold. But anyways, I think that the the high level take away it's a pretty large rewards program, one of the largest we've seen on Kaido. The top yappers got 20 K. The bandit got 12 Ki think he was he was top five, top ten.
So the folks who've been grinding this stuff and it's paying off and apparently Mando is getting 6K, which is. How did the rich keep getting richer? Like maybe I did one of the Mando minutes maybe. It's it's crazy. Rich get richer, man. It's so crazy. I don't, yeah.
I mean, it's possible to that. It's possible they're also just rewarding top yappers and they could also just, we've seen campaigns that like will give tokens to the top people on your specific minds, your board, as well as people who are top of the overall. Yeah, I can share my screen if I I can show you guys. So how do you see? Yeah, what do you see? This? Let's see Mando's key. Someone just said Mando with the bando. God damn it. Scroll scroll up. No, he just sent me a
screenshot. I didn't see you this. That's Adm from B check. Got it. Wow, interesting. I didn't ever find that leaderboard, so if anyone's got the yeah. I don't know where to see what he's seeing. Like whatever B check found. I don't know where you find that. But this was a big one. And I think a couple takeaways. People in CT are going to see this. They're going to be more incentivized to talk about Infinex and other protocols
hoping for rewards like this. And then I mean, if you are a founder, I think you have to at least have the conversation. Like if you're thinking about marketing angles on on CT, you have to at least think about it. I'm not saying it's necessarily the right choice, but we made our. Call. We made our call. You want to disclose it or is it a surprise? Be a surprise. All right, there you have it
folks. So the infinex #1 on the pre tge board at Kaido right now, I think not a huge surprise on the back of this huge program. If you look at the seven day pump fun abstract monad Newton open C Infinex in the top 6. So, so they're up there with some of the biggest protocols in the space. If you zoom out a little bit, the 30 day board pump monad abstract here, IQ Open C Somnia, Sofon, Mega Ethan Phoenix, so top 10.
So I mean, these, these campaigns are enough to to get a protocol like Infinix into the top ten of CT mindshare, which isn't easy to do. It's very competitive. There's there's tons of protocols. There's there's a lot of teams doing these things so it it it can work. I thought this was a pretty balanced take from Adam Fern. Talking about pros and cons Pros This is more from like the founder lens.
If you care about top of funnel, probably no better place to spend it on Kaido gamification leaderboards. Fun. Great to see direct rewards to creators without middle men. Cons mind chair does not always lead to user growth or revenue. Some mercenary yappers are like Locust Capital. Top accounts seem to be reaping lion's share of the rewards. Some low quality AI slob. I mean that that's going to be pretty hard to avoid anywhere right now. I think this is a pretty
balanced take. I says on the whole, I love seeing smart teams trying to do things. We'll continue to monitor. So it's working it this is it's big. It doesn't seem like they're going to flash in the pan. I think Kaido is going to continue being a thing in CT at least across 2025. I think it's hard to project out more than three to six months in this space in general just without fast trends change. It's it's hanging in there and and two billion, 2 billion FTV,
it's nice. So shout outs kind of they continue to do big things and those are some of the big topics. Logie, I thought maybe we want to talk about this. Yesterday we kind of ran out of time. There's this big AINFT game that's been going on with AI trading agents. GMO was talking about this. He's pitching it to folks. I think you got in. Tell us about this. What is it? Yeah, so it's been all over my
timeline. If you've seen some Gremlin style art on yours, you're probably seeing the exact same thing, but it's a it's an AI trading agent trading simulation. So it's 30. It's called DX terminal. It's from the DX research group. They did the singularity thing back in December. You may remember the big AI agent thing. It was like a streaming agent thing. Tough to explain on on short notice here, but anyway, it's
called DX terminal. If you search that on Twitter, Tyler DX research group, you'll be able to find it pretty easily. There's a lot of yeah, exactly that. So it's kind of like this Windows 98 aesthetic that you see. They're very, very similar to that. But basically people minted these AI agents on base as NFTS and the agents themselves, there's 36,000 of them now are autonomously participating in this trading simulation over the
course of like 7 days. So what you're seeing in these little gifts and screenshots is literally the agents working on them, you know, sorry, working themselves. And the whole point is they are all, they're trained on Solana data, basically the, the entire history of Solana transactions. But they are basically trying to earn as much of the in game currency, which is an off chain currency. It's called Webcoin. But they're basically trying to get as much as they possibly can.
They're competing against each other just like they're normal crypto traders. And the people participating, us humans participating can sort of prompt them their language models basically, right? You can sort of prompt them like you would ChatGPT to try to earn more web coin on your behalf. So I don't know if you've scrolled through, but you know, people are trying to get them to do pump and dumps like I was trying. I meant did a few and we were
participating. I was trying to get my agents to ask people to donate. Just had a pity and stuff like that. And it's just, it's really funny. I mean, if you scroll through, there's lots and lots at least on my feed, which of course has now been, you know, overtaken by just cause I've engaged with some of this. But yeah, scroll up just a little bit tighter. Stop on that finger one there. Oops. Sorry. Just below. Yeah, right there. See that? Yep, right there.
Not to detract too much, but the the simulation is also has these macroeconomic events thrown in right to to just spice up stuff. So there was a finger found in Wendy's chili which impacted the price of food tokens within. And then the agents need to react to that. Or the humans, of course, right, can prompt their agents to act in a certain way as it relates to whatever has taken place. So there are a handful of things
that occurred last night. And essentially this happens over the course of a week in our lifetime. But for them, it's about 12 years. So each day is about two years of lifetime. So they're kind of going through cycles of crypto activity all at once. So it's taking over my timeline. I think it's a really cool experiment. It's not necessarily like you're speculatively driven thing that you know, many people here are frothing over, right?
This is an off chain currency web coin that is it's it's not a real token, but nevertheless, it's a it's a fun experiment that people seem to be having a good time with, at least from my perspective in reading. I was reading a lot of tweets this morning about it and people are prompting their agents to do all sorts of weird stuff. It's it's been pretty cool. So. This is not far off from the plot of the recent Black Mirror episode. I've got that simulation episode.
I'm not sure if folks saw that in fact, that the interface looks similar. So how, how do you play this Logan? You kind of, you kind of went in there. It's like, how do you train your agents? How do you make them good? Like what? What, what? The agents you have? I'm sorry. Yeah. The the agents are already all trained themselves. When you mint them, they kind of come with like a unique persona, right, That is based on actual human data in this in the form of Solana transactions, trading
transactions and stuff. So they have all that in order to play. I mean, you can really do as much as you want, right? You can be hands off and they will just act on their own behalf. They, they are trained to try to acquire this web coin on their own. So you don't have to do anything. They will try to do it on their own, but then you can interact with them. You can prompt them as much as you want.
I think there's like, you know, there's little buffers in there so you're not overdoing it and stuff, but you can ask them to try to do things to try to acquire it if you wish. So there's, it's really up to you and how you wish to participate. Participating itself, like you have to mint the NFTS or if you didn't mint, you can buy them on
secondary to participate. So you do need to have the NFT to participate, but once you've got that, it's literally just like interacting with ChatGPT more or less, right? Like you can type in and talk to your agent and tell them to do stuff. So you can so you can kind of just do luck of the draw and just play the agents that you meant it or you could be more hands on like what? So what do you get if you win? So there is that. That's part of it. There's there's nothing to get
if you win. Yeah, it's not like it's like the the web coin thing, it's off chain. It's not a real token. So it's not like you are competing for, you know, millions of dollars worth of web coin. And I understand, I understand the like the little, you know, veil of disappointment that may come over most of our space and hearing that.
But it doesn't mean it doesn't mean that in the future like something like this couldn't, you know, be undertaken with real, you know, with real, real capital involved in some way or not. But it Webcoin itself is an off chain currency. It's not a it's not a real token. The tokens in the game are not real tokens or anything like that all. Right. So from a trading perspective, anyone who mented these with hopes of getting a profit is
just out out of luck. Yeah, but this is another example of crypto Twitter just like, and crypto participants in general just like not not caring to do any due diligence at all. Like if you read or look at the white paper like it's, it's pretty clear that like it's an off chain currency and you know, and all those things. But yeah, I, I don't, I don't expect there to be anyone here who is overly victorious financially in any way. Got it. Well, it's an interesting game for for sure.
I'm curious kind of where they or they take this what, what, what happens next if if they do another season, if they figure out a way to do prizes. But clearly some folks are excited about it and a lot of work went into it as well on the NFT front of ones that are being traded for profit. This refik and all meant, have you seen this one Biomalumina? He sold 1000 of these at $5000 a pop a few days ago, raised $5,000,000 in about 25 minutes, and now the NFTS are at 4.4 ETH.
They have not revealed yet 4.4 around $11,500 or so. So anyone invented up a quick 125%? So a nice little return there, those Ethos NFTS doing doing quite well for those who got AirDrop those as well. So Logan, I'll talk to you in any reactions. You've been following some of these in a team Mints art
season, perhaps coming back. Yeah, I haven't been following super closely, but this doesn't detract too much from what feels like a small underlying theme with digital art kind of, I don't know, regaining some focus. Like there was some X copy stuff from what maybe a month or so ago. It just kind of keeps bubbling up. They're here right now. And of course the ETH resurgence, I think it's helping
this. I've seen some more tweets about like ETH needs NFTSI can't remember like where those came from, but right, those types of tweets thematically are, are in my feed a little bit more and getting people, I think the just the ETH outperformance, getting people bowled up on the stuff that you can do on ETH, which you remember the last cycle was, you know, largely, largely NFTS. So it's good to see.
I it's exciting to see more ETH NFT stuff and NFTS in general, because without that, yeah, I'm only speaking for myself here. Of course, without that, the token, the token trading itself can be quite monotonous and and not as fun, right. The NFTS, the non fungible nature of them does introduce just a little bit of creativity and a little bit of innovation that, you know, pure token trading can't really replicate. So I am all, I'm all in for a, a potential ETH NFT season or, or
something like that. That would be, I think, a welcome sight in the near future. There you have it, these grifters back to a 28th floor. Now you don't always see a whole. I think this is the one of the best X copy little, you know, pieces that he has that these are nice. I'm not a major, major X copy, at least in terms of the output. I'm not a major fan of the sort of darker thematic stuff and the glitch art, but the grifters are nice.
Those are at 20, the mass of Loosa hanging out at 6.9. I'm not still a little surprised to see the spread between the grifter masks spread at the point a little bit. I still think it might. But the mass sales also, they keep, they keep coming in. I see there's what 88 to 10 this week? So there, there's some action on that board. The, the salon streets have been interesting. So like kind of taking a step back from launch coin that was dominating everything really for
most of this week. There was some action last night. So whatever this XBT token is came out of nowhere, up 30,000%, straight to 24,000,000. So this was a huge runner. Not really exactly sure what what this product is, if it's just a pure meme, if there's more to it, but but that one came out $34 million volume. This polycule token did did all right. It looks like trying to see what other winners were out there. This Petunia token up nearly 100% to 10 million.
Looks like it's selling off a bit here as well. Been a little bit of a weird week in the trenches. It felt like rotation from memes to launch coin. All those launch coin ecosystem tokens for the most part have have largely sold off. I mean, dupe is down to 12 million. Startup is the the number one below launch coin now at 18. And there's there's only four above 5 million now. So I think that's some pretty striking downturns. I think some folks probably got
wrecked a bit in there. Unfortunately, anyone who is late chasing these apps, which I think is not, is also contributing to the draw down on launch coin right now. I think there there needs to be some some good trade-offs in the eco and with this slower pace, I'm not sure where those are going to come from. So I think that does open it up.
If you're more, if you don't like the launch coin meta, you like more the pure Solana mean coin game, I think you should be happy about that because it's opening up the board back for the the the meme plays this weekend. So we'll see what catches fire last week when I was fairly busy. I want to, I want to say maybe we'll gain some steam here this weekend as well. Please. I don't know. That was kind of the rundown of the big stories.
Did I miss anything, Logan? Was there anything else on your radar? Not particularly. I don't think so. I think we we hit just about everything. I'm going to look through my list here. Yeah, we'll give folks another chance to get into the to the year. Oh, we didn't talk about, we didn't talk about the Frank the Gods thing. I don't know if you wanted to talk about that or not. Yeah, not, not a whole lot to say. We we saw some tweets going
viral. People thought that Frank was dumping his D Gods, looks like he got his trading laptop compromised. Yeah. He had 17 to gods in there. I think he's got other D gods and other wallets. They also sold off like all the desk tokens he had. I think my biggest question is how did Frank get compromised because I mean, he was someone who was trading millions of dollars. What's up? Your computer compromise. The wallet was at least I. Know.
He confirmed, yeah, I, I chatted with him yesterday for a story at the crypt. He confirmed those details to me. He said he was not well in the, in the message that it was shared widely and then reshared with me. Wasn't exactly sure what it transpired, but he told me he's redoing all his opsec and stuff to, you know, try to keep something like this from happening in the future and said it could have been much, much worse. So. Man, it looks like he's not buying it.
Yeah, unfortunately you can only really take somebody's word for something like that unless there's definitive proof with something technologically, you know, I, I've got to just trust what Frank tells me in that instance, so. That's a good article. I saw it I think. It's it. It's unfortunate that, but it's. Probably real, you know. What happens? Well, I mean, it's unfortunate, Frank aside, anybody in that situation, like if that really does happen to you, nobody's
going to believe you. You know, that's, that's a shitty situation to be in regardless. And of course, like nobody wants to lose. It was around like $19,000 worth of assets, I think. Like nobody wants, nobody wants to lose that. So that sucks as well. But just the, the emotional toll. Yeah. Which he, he seemed to be a good sport about. Like he, you know, he was kind of like the headlines are funny, but can't remember his exact quote.
But you know, the headlines are funny, but like, obviously I wouldn't, you know, be looking to do this. So he he maintained, I know he stepped away from his role as CEO, but maintained to me and in other statements as well that you know, he is fully expecting that the pasta and chill who are taking over long time community members and team members there will cook. Good, good quote. I think it. I think he got it hacked. I don't think Frank is desperate to sell 17D gods personally in
like a situation. I am more just curious though, like at one point in time, like that was his main trade. Like he was trading millions of dollars. So like, it's like that could have been very, very bad. Yeah. He just, like, let his guard down. Like how did? Yeah, I mean, when you move fast, you know, you can, it's easy to get like a lot of people get get, get like that. You know, when you move really fast, you have to take be careful. Scams are good right now.
You know, I guess one we didn't talk about this thing, one positive headline on the scamming front, those that group that stole like 240 million from the whale and I think across several exploits they got caught. Yeah, must of 12 of them. So where they are going to be locked up for a long time, they they use the funds on supercars, private jets, clubs, designer bags, $240 million. Oh my God. So I think good timing on this.
They're coming on the back of the Coinbase X data leak to know that at least some of these people are being put to justice. So shout out to Zach, XPT, and everyone else. That's crazy. Who played a part in that? Because they're all between 18 and 21. Fuck Young. Guys, young guys, are the ones doing this. There were 12. Operating between October 23 through March 25, they they impersonated support agents to trick victims. So they're all basically running, fishing.
Also physical break insurance bought at least 28 exotic cars. Half $1,000,000 Nightclub tab. No one's wondering where these kids got $3.8 million for luxury cars. How much? Some of the cars are up to 3.8 million each. Like this 20 year old kid walks in to buy your $4 million supercar. You don't ask any questions where you got the money. That's interesting. But how did they cash out? Members of the group rented luxury homes in the Hamptons. Look, Mendo, they're not from Dubai, bro.
This looks like it was all in the US, yeah. Or maybe not all, but at least a good chunk of this is in the US. Damn. So we'll see what additional details come out.