Oh, yo, what up? What up? Good morning. Good morning, GMG. Friday. Oh my God, what an electric Friday. Holy fuck. This is a proper bull market Friday. I hope you didn't sell your coins. Ain't on. Hi, baby. This is a proper bull market. Friday, lads. December 20th, 2024. Four, four. Look at that. Another beautiful day to be beautiful. I've renamed the show the token season. The show is now called token
season. If you look at it, we just got breaking news from the Open Sea Foundation. We got doodles on being a token. We got cool cats launching a token. We got everybody launching in tokens. We got the world a woman launching token. It's token season. I got my coast in the house. Tyler Mandel, good morning. How you guys doing today? Doing good, doing good. We called it, well, called it pretty well, I think from yesterday's show. Yeah, we're cooking.
We're cooking. We are absolutely cooking. My fart composition is insane right now. You'd love to see that. Tyler, how you doing today? Doing a hell of a lot better than I was when I woke up. So let me walk you through the first hour of my morning. I wake up, it's like 515, still a little groggy Bitcoins at 94.5, then it's at 94, then it's at 93.5, then it's at 93, then it's at 92.5. Just starting to wonder like, where's the bottom on all of this?
And then, you know, chatting with Mando, who who called 93 K right, like man, like where is our support? And then we got blessed with some decent PCE data, it seems like. And my God, 96 K Bitcoin has never felt so good. Yes, so. Oh, it's 96. I haven't looked at the price of anything. I've been meetings all morning. It's so this is what we're. So Mando, you did say 93. There you go. I changed the topic of the show to token season. All right, cool.
All right. Tell your friends, tell your wife's boyfriends. Yeah, I mean, Soby has been like in a chat, like he's been like hammering his first down saying like after PC we're going to find is going to be good data. I don't know if you saw that Mando, but like, he's been like, just like going hard at it and like, seems like it's what happened. So shout out to Soby, you know, and, and shout out to, I mean, Mendo's all right. And then see, I told you guys when Mendo's going to wear a
shirt yesterday, nobody listens. Like, you guys think we're kidding over here and you guys think we're playing. The guy comes up in a denim blue shirt. OK, Like like purple, purple tie. What? Purple tie? Who? You know what I mean? Power who? We got power at home. As a matter of fact, it's the other way around now. He is power at home. The real power is on the show now. We posted the whole clip yesterday. You know, a lot of people are stressed out. My day yesterday.
That's why I posted the fucking clip and then I sent it to a lot of people. I was like, yo, if you're feeling like stressed or like if you don't know like how to feel today, just like watch this 30 minute thing with Mando at the 1st 20. And it was just it was nice. You know, it was nice. And look at where we at today. Apparently we're back. Where we at? Oh wow, we yeah, we're back. We're going to be celebrating 100K Bitcoin on the show probably.
Anyways, tell the show today definitely market report as usual. So let's go through the market. Tyler's top 1000, which for sure is a top 1000 right now because Oh my God, it's going to be insane. Then do we have the so did we end up getting a guest on today or is is that not happening? I, I, I this is how tapped out I am. We did OK, cool. We have gate coming on. There you go. I was doing some accounting this morning.
It's like the worst thing to do at the end of the fucking like jump off my back and stuff right now anyways and and then robot loot box spin. And as usual, this show is powered by galaxies with seamless built in monetization tools. Gases enables development of sustainable long term communities, fulfilling Bitcoin's vision of the centralized freedom and independence from centralized control. But also fair side network. Every day we see people as well
as get drained. Fair side is about to launch the fair alternative to insurance for crypto scams. Check out fair side network on X. If you get drank, you won't, you drain, you won't get reacted. Let me tell you, I know I repeat it every morning, but with token season and the open sea announcing it because there was a database leak last three in the bear market of their e-mail list. Remember everybody got fake emails from open sea phishing. You want to be careful.
I'm like I'm I may remind everybody every day. I'm going to be that guy to remind you don't trust emails. Look at who it comes from. I doubt any of these foundations are going to personally send you an e-mail and ask you to claim your tokens. They don't give a fuck. They don't want you to claim your tokens. A matter of fact, foundations want to retain tokens. OK, so no foundation will e-mail you or text you to reclaim your
tokens. Matter of fact, it's actually really good for those foundations if you don't. So set your own reminders and pay attention on X please or listen to FOMO hour in the morning. We'll probably be on top of anyways what that. Is, I should have mentioned wrecked. You have until the 23rd. If you have not claimed your wrecked coin, you have until the 23rd. Do it. Well, actually, never mind. Don't claim your wrecked coin you don't have until the 23rd.
The less amount of UMF efforts claim it, the better it is. You know a lot of paper hand bitches out there in the market this week across the board. So you know I rather the rec foundation hold as many as possible. Anyways, I'm kidding. Do do clean your rec coin. Rec coin. Good coin. Anyways, with that, with that, just reminder, we have robot loot box man, so make sure we're tweeting. I'll be posting the show in a second on my feed, but Mando take it on for us. GM, everyone.
So yeah, we did have another pretty horrific morning. I would say we were about 100K when the show went live yesterday, I think. Right? Yeah. And then I said, look, this 93K level, if we started breaking below 100 would be the main level of support. We've hit that level a few times and we bounced and we did bounce that. So we had a decent bounce around that 92 1/2, ninety 3K error, which is where the levered Wicks took us to recently as well.
And originally we were like hanging out there for actually a little time. And then PCE inflation came out, which came out slightly below expectations flat to the to the the month before. This is the this is the main inflation gauge of of of the Fed. And although Powell was hawkish, he was did say it rebates the dependent. So to see something like that come in slightly lower, I think we'll, we'll alleviate some of
the worries in the market. We got this like bounce back to kind of this 93 1/2, sorry, 63 1/2 care area level, which is where again we may see some two sided stuff. I reckon. I think it's it's it's it's still interesting to see because the stock market is was down again yesterday. It's it's gone back to kind of unchanged now, which is which is a good ish sign having opened up
quite a bit lower. So when we talked about macro like finding out what macro is doing, I think it's important here gold has bounced a little bit off that figure and and so the stocks are kind of rebounding from from that low. So that's good to see because remember it was a macro sell off for which started all this. My fear was that down at 9293 K, the main thing that would take us lower after that would be micro strategy stock. Micro strategy is also up today,
which is a good sign. It's up 4% if that that originally was going to open up down 10% this morning. And when that starts happening, then you start worrying, you know, people, people get freaked out about sailor on top of this, macros freak out. So it feels as though, at least for now that's been that's been alleviated.
It does feel as though I would be very unsurprised if we get another kind of check at least down to like 9293 K given we we there was such a big breakdown below that that trend line. But it it is good to see that the macro stuff is not is not freaking out and that sailor is no longer a worry. So it seems like that 93 K area now could be a a decent level of support for a while if it if it if it held during what we just
saw. So yeah, good to see very, very good to see it is majors a probably bounce the most here or at least show the most strength like Bitcoin is only down like 3 or 4%. So it's not it's really not down that much and Solana's down a little bit. ETH is down a little bit now, but they're. Beating, but it seems like we're back. Solana's been the weakest. I do like that Solana here if
I'm honest, just on a relva basis and then E obviously. 175 mendo I didn't know that wow I didn't pay attention. I just I genuinely like it's on a meme. I log off dex queener and charts when these things happen so I don't let the emotions like shake me out. Yeah, wow, Yeah, it's probably a good too, but a decent a decent dip across the across the board there. Most of the the altcoin start, it's still down a decent amount.
I would say like it's, I would say this stuff is bouncing, but it's bouncing from getting absolutely wrecked rather than like necessarily doing that. Well, Bitcoin dominance has gone up to 59% in this dip. It had hit as high as 60% earlier today. So all coins are rebounding, but still down a decent amount from let's say the last week. Obviously, like there's nothing compared to Bitcoin in terms of like what's shown strength, hype, hype is 27 1/2 right now.
Wow. Things like JLP, you know, like we said, it's a similar sort of trade like you know, like basically they get fees based on people trading on the platform and, and, and levered takeouts. I think JLP made like $11 million yesterday. It was his biggest fee day ever. So those are the sort of things that are doing well. Fartcoin is remained above a billion. Yeah, yeah. The king hit another all time high at like $1.3 billion before I went to bed.
Yeah, it's that one's probably been easily the strongest bit of the market. And I think that's just wait and see now like let's wait and see, I'll stop. They've like I said, they're rebounding decently, which is a good sign. And Bitcoin going back to 96 1/2 is where you kind of would hope that that that would hold there now at least we'll see. But there's no there was much little else to really talk about in terms of like what was heading us lower. This has been a macro sell off.
And let's see how macro does other than that. Like, yeah, like everyone's still buying Bitcoin. They still talk about Bitcoin Reserve, El Sal El Salvador's bought a little bit more yesterday even though they said they were going to try and cool it down with the IMF. You had a Bitcoin and ETF launch or be approved by the SEC yesterday. It's still a lot of bullish signs, I would say for for crypto in terms of people buying. Yeah, let's just just let's just
see what macro does. Wow, OK, absolutely love to see that. I mean, wow, what a morning. So look, we'll see where we're at. What do you think of, I was thinking like after the PC numbers etcetera, like we could get like a nice little weekend bounce on low volume plus like also is the US markets closed during, is there days where the US markets are closed during Christmas or no? Yeah, it's 1/2 day on on Christmas Day. It's for Christmas Eve, sorry.
And then it's it's normally Christmas days off. So we're going to have a lot of like low liquidity type days where like volatility could be wild. Like I wouldn't be surprised if we get quite the recovery over the weekend. What do you think of that? I was thinking about it this morning, not. Like if you want to ask my own opinion. Yeah, your own. Opinion have another test of that lower level. OK. So you're saying we're going to retest lower levels before?
Just think that yeah, like once you hit that sort of level, you don't just V shape bounce after something like this. I do think you probably at least to like 9493 and then then we'll see. That's my that's, that's what I would guess after a move like this, but just because those, all those macro things still broke that that long term trend line. So it's not just like a it may
be shape. My guess is that we we probably need to work out a little bit for a little bit longer whether this is this isn't like the other day, you know, when we hit 92 K and then we just V shaped back to 100K the same day. Like it still feels as though there's some stuff to digest
here. So I reckon what this has told you, the good sense of this is that it feels more like the market just told you we're probably going to chop around here for a little bit rather than the market tells you that, you know, the bull market's over, We broke below 92 K Sailor's about to everyone's going to freak out about sailor all that sort of stuff. Like that's a good sign here, you know. So I think I think the market probably tells you yeah, that that that we're going to chop
here. And, and then I think that makes it a bit more of an interesting next month that we spoke about like suddenly maybe the inauguration becomes a bullish event again. You know, like maybe maybe we chop around here and if Bitcoin stays in this, you know, 92 one O or was it 1O51O6K area? And maybe we touch the lower bound a couple of times or maybe maybe we even drift lower than that. But we when we come back and we, we just chop around here for a little bit that I think that
would be a really good sign. And then? And then? The week before the, the inauguration, we start to really pump and I I don't know what you would own for the next month. Then like what I do think about those sort of times is yeah, like things like hype and JLP would probably still outperform because you know, they're they're, they're based on trading and people will probably chop themselves up during this period and and go huge at
certain things. I reckon you buy meme coins today, probably for a month's time. Well. That's what we were saying on the show yesterday, I think, right? Like a lot of these so battered spot. The thing with spot, you can actually add here, then you add lower, then you add. You know, yesterday we KBN we're talking about how on spot sub 200 soul looks good. Hey, guess what? It went a little lower than that after that, but you could keep adding, right?
Soul is my favorite of the majors here. Yeah, I was going to, I was going to add some soul. But 190, if you're saying we're going back to 9012, I'll wait a bit. But I generally wanted to add soul in the 180 region, like that's where I wanted to spot buy more. But but, but I also think that there's a really good way to play that is also JLP, which is 65% soul. No. You can you can live a chop, you know, like, oh, you could just say. Or or you could just own fart
coin. I mean my, my, my Solana, my fart to soul is, is up only Tyler, yesterday you shared a, a tweet with us of someone. It is not fart coin related. Sorry, I, I, I the fart Lord is I know you're the fart Lord, but it was it was macro related. You said someone was calling a bottom and I like. Oh shardy Shardy B that person just they they they do more macro TA across like stocks and I'm. Going to pull. It up so and they were saying that.
I found. Stocks was really oversold and that this like this weird oscillator metric that they track was that basically Lowe's that it, it doesn't really stick around that. So their perspective was it was we were going to bounce and pretty soon. Mando, you follow the Mcclachlan oscillator. Look, I I follow very very, very few. I don't know what an oscillator means.
The only stuff I look at is for back, backward looking stuff where like it tells me when a trend has happened and then I'll really just look some points of resistance and strength based on like volumes, like where we've seen points of resistance and trends like where the order book show that has been buying before. I don't look at, I don't look at something like this. I don't think I've ever even heard of the McClellan Oscillator.
OK. I just like to find charts that that match my bias exactly, OK Things that that that I don't like to see. Something Tyler and I are very good at. Tyler and I are extremely good at finding tweets and narratives and charts that match our bullishness. Is hype a major? When at what market cap does hype become a major? Brothers. It's the 28 million.
It's an all time high today. It's going, I mean the perfect barbell crypto fucking portfolio right now is right curve hype, left curve far coin like this is insane. Like if all my other things weren't down that bad I would probably move them all to hype here and then keep all my far coin. Like this is wild. Incredibly strong and obviously the reason for this is they are buying it back with the fees of exchange.
So and I guess we can't really overstate that like it they bought back I think 3 million two days ago which is quite low versus a $28 billion market cap. That being said, like. It's not a 28 FTV. Yeah, sorry, yeah, FTV, which of course is a like as as that is a meme because it's not it's not being sold at this stage. So like it really versus that lower level, but but yeah, like I think, I think that sort of stuff, if you think you're going to chop, then there are certain
things to play in a chop. The number one that I always go through is JLP, which which I've kind of, I have a decent bag of. And then hype has now become another obvious play there and they're very similar trades, I would say. I am last night I was I was reading their dogs. So we just wanted to like learn more about it and just get deeper into it because clearly they were like to me one of the most successful and perfect crypto products to come out of
this year by very far too. I think nobody can like eat like if if you was hyper liquid like 5 minutes, you realize how much better it is in every single other platform and and I was reading their docs. It's very interesting because it's actually the reason why it's being priced so high is people don't realize it actually is an L1. It's actually being it's so if you actually do believe that it's an L1 with its own Oracle and was its own clearing house.
So it's actually super well fed. And if this Kevin guy, he's got some good pods. He did a podcast with the founder of hype. I started it. I'm going to finish it during the holidays. But it's actually really interesting, man. Like the more I know the meme is funny, like hypo flip BNB, but the more you read into this thing like fuck, the more like the meme is actually not that stupid. Like it's not it's not just a meme. Like there's something there. You guys should check it out.
It's interesting. Yeah, yeah, share the link. And I think I mean that is like the there's a scenario on the table where that happens, right. And like I'm not saying that's the most likely scenario, but like when you talk about like the top 1% outcomes, that's up there. So like there still is a lot of upside on this here. Coming back to macro real quick, I think something I'm going to watch today. I'm very curious how the ETF flows are going to be on a on a red morning.
I think they'll be buying like so far like the red red days, like you've seen ETFs like kind of like buy. I know yesterday was red right If we the safety gens actually. Yeah, it was pretty rad. Bitcoin like success, Yeah. Broke a multi week really. Oh, negative $671 million for Bitcoin yesterday? I haven't seen that in a while. Yeah, Yeah, definitely, definitely one of the longest periods of inflows that we saw and it was broken for one day.
I think we'll see. I think we'll see inflows again like I I would severely doubt we'll see outflows. I mean, it's a whole 2 days of inflows that were offset in one day, but. That's that's important, right.
So like, like I was in chatting with with Peter Jennings this morning and he's like, what what are the, the things that are going to drive the price up in the immediate near future, right, Given this kind of macro reset we have if the ETS are continued buying on red days like that, I think that is another confidence sign, right? It's just our signal that people are going to continue twopping into these assets. And I think you could point to that. Yeah, no, 100%. I think, I think it'd be
interesting to see. Look, I think we just buy dips and and we just wait. That's, that's it. You know, that's really, that's really all we have to do at this stage anyways. All right, well, look, Tyler, yesterday we didn't have much time to go through topics. It looks like today you have a busy 1, so let's hop into that. Well folks, crypto majors were very, very red this morning as the post FOMC correction dip continued.
But we are rebounding Bitcoin back at $97,000 for for one Bitcoin folks, that is the number we'd like to see there. The Trump family keeps buying ETH and D5 coins. They now hold over $50 million in ETH for World Liberty 5. And it seems like they're buying every day. The SEC, they approved the hash decks, Bitcoin and ETF.
That ETF is going to be split by market cap with how the funds will be split up. That is the first of its kind to include both of those major tokens in one ETF, Metamask, I missed this. I think a lot of people missed this. They announced the launch of the Metamask card, allowing users to spend crypto directly from their Metamask wallets via credit card. I I think that could actually be pretty big we. We did. We cover that when it first came
out. There are several other crypto cards tied to walls but this is the first Metamask brand new one I believe. I, I need to to look into that and double check. But in broader token AirDrop and protocol news, Myriad Foundation introduced its mirror token, bringing media predictions and digital advertising together. We saw Robin Hood list bonk on Thursday, though you know, bad
timing. Bonkbot launched a new stealth DCA product with hidden off chain orders big for Bonkbot users and then NFT 5. This was cool. They facilitated the largest ever on chain real estate loan on Thursday. So certainly a sector I think folks want to see explored more deeply and AI news. Oh no, the the AI market cap was down 26% this morning at 7.4 billion just a week after I said the the sector was about to go vertical. So a little egg on my face for
that prediction. Most leaders are down 10 to 30%. AI 16Z and zero bro have formed a partnership to advance open source AI across their Eliza and 0 pie frameworks. That feels very important. Abstract announced support for AI16 ZS Eliza code base when it launches. Shout out to Abstract. This new AI coin swarms, man. These new, new launch is they go straight to 25,000,000. This one's over 50 million in less than a day. Another new launch. This yes no error Y&E token hit
10 million as well. And then Zods was a top mover, up 60%. And memes, NFTS, memecoin majors, folks, they were very red. They're all down about 20% this morning. It looks like they're down. They're up a little bit, down 5 to 10% now. So a little bit of a recovery. ETH NFT leaders were mixed, but led by doodles after the announcement that a token is coming, Doodles up 50%. They're actually flying right now. Duplicators in Genesis boxes LED all the top movers.
And then it seems like other of the, well, maybe we call them Dino. The Dino NFTS from 20/21 are are leading it on this trend. Cool casts teasing a token even though they have one. I guess World of Women is teasing 1 and then breaking before the show. We have to recap it. The ocean Ocean found the open sea foundation is going to be giving us ocean. So, and you forgot Hayley Welsh woke up. Another thing that happened live during the show.
We have one of our markets, the Mered markets that just resolved in the mid show because it was like well she wake up before end of the year. Actually I went on Myriad and I put almost all my points up that she won't. So I'm down horrible right now. Hopefully the people over building Myriad markets can top me up on points. I asked for a friend. You know, spitting on the crypto market. And she, she, she won the Hawk tour and she left me spat on that thing.
Let me tell you that I take the situation extremely seriously and want to address my fans. No, she has fans, the investors who have been affected and the broader community. I'm fully cooperating with the with and I'm committed to assisting the legal team representing the individuals impacted as well as to help uncover the truth, hold the responsible parties accountable, sorry, and resolve this matter. If you have experienced laws related to this, please contract
Berwick Law, etcetera. What do we, what do we make of this? I feel like we have to start with this. I have my thoughts, but I want to know your thoughts Tyler. I think this whole thing sucks. I I actually like Haley. I, I think, you know, she she got famous for a very stupid thing and I think she embraced that and like she just tried to do positive things like she was happy, like she was doing things for like puppy charities, right?
Like she was just and then she got mixed up with bad crypto people and they convinced her to launch a token and she's she's a part of that. Like she's not innocent, right? She got mixed up in it. She didn't know what she was getting into clearly. Like she she got, and I'll give her credit for how so like that was bad. So like, I'm not defending her. She did the right thing by just logging off. Yeah. Apparently she has finally got some good counsel, because this
seems like a positive next step. Because like what? What other alternatives does she have other than just logging off forever, right? Yeah, I mean, we all disagree. Like, yeah, I love the whole shit. Like, yeah, I think I actually was one of the people saying like she turned like the a meme into a a big thing to change her life, which you can't. You got to respect the hustle, right? Like you got to respect that
hustle. But the whole thing like, oh, she was like ill advised and shit that that's just not true in my opinion. There was like a bunch of crypto people tweeting at her saying don't do this coin. She had every single respectable founder in her replies. Top reply. Like we're at a stage where there's no longer an excuse to claim that you were wrongly informed. In my opinion, it's over. It's not 2017. You know what I mean? Like we're at a stage where there are proper crypto people.
There are proper thing. There are like and also there's much more upside for these for these people to buy a bunch of solar meme coins or Bitcoin then to launch a coin. You know, what do you what do you think Mando here, like what? What do you think of that? It's tough. She had she had one of the most memorable memes of the year. Yeah, dude, she was on one like the perfect trajectory to become a massive like thing, right? Yeah, it's just, it just seems
to be a common occurrence. I seem to see that like I have not seen the creator of any meme make money from their meme this year. Only the Iggy Azalea has been been doing some cool stuff and but that's really it, right? Meme, you know what I mean like peanut, we we we've seen drama kill guy, we've seen drama Mudeng.
You could argue there's like they've done OK from it because it's like 3 different coins and some of them gave them money, but like they haven't done it. And now and now we've had this one, which I guess she tried to do it herself. And then I think it's just difficult. Like these celebrities, if you create a good meme of the year, like how do we allow that person to make money from it? Is it somebody other dev that's going to make money from from the meme? Like there was a hook to meme
for a little bit, right? I actually just don't know that to be honest for her. Like I think she got taken advantage of. I agree that she, I agree with that. She could have known better, all that sort of stuff. And I think like you're getting kind of over your skis, right? Like it was a $200 million. I'm sure she, like she had no concept that it was suddenly going to go that level. People probably said, yeah, we'll make you, You'll probably make this amount.
I mean, it's off. Hollywood, right, Whoever she worked with would and all these people, No, I agree with you and Tyler was. One of these. Yeah, it's always like, I just want to it's just beyond the point of not having like the right people. Like they then they make us look bad, like Hayley Walsh, the head. What did the headline say? Guy? Guys, they're like, oh, crypto scam. Like yeah, that's what pisses me off about it. I don't care about her. She's young, she's naive. She fell for it.
Yes, I believe that. I generally believe she had a good intentions by the way, but. I think crypto's reputation is kind of it is what it is. There's no, there's no saving crypto. Yeah, like no listen. Like exactly like don't worry about the reputation stuff. But what I do think is that I, I would like to see a way for people to make money from memes that they actually own or are very close to the ownership of. Like it would be, it would be cool to see that because it goes on the Internet.
Maybe maybe the best thing is like what happened with the chill guy thing. He should have just accepted the money, you know? Like that guy is long beyond beyond. Who doesn't invest? Coin and said, look, this is going to be my coin, give me some money. I was offered like half $1,000,000. Still won't take it because crypto is a big scam right? Right, and that and that that maybe that's the only way to do it.
Like I actually just I'm just trying to work it out a little bit in my head because it sucks because she did make the meme. It is her. And yet somehow it's turned out that, you know, it's been another one of these like fuck ups and somebody's grifted in some way or another. May maybe the only way to do it is let somebody else to make it and then just set up a crypto. One adopt it. And adopt it, and then you take it. She just adopted the first one and then it was organic long
lunch. That's probably the safest, but I think so is it path cryptopathic? Who does like the fractionalized entities where they try to set up? That feels like actually one of the best ways. So like they you tokenize a meme, effectively you fractionalize it, all the proceeds from the sale go to the owner and then people can participate in trading it from there, right?
And it actually does feel like one of the best models we have, but there's less, but we see less like price appreciation in this model. Yeah, I saw that. We covered that actually this week, Tyler. Those mean pub owners IP move could decide official neuro coin. So they actually got the members of the owner DOJDA will vote coming weeks to get the IP. So I actually I like that which you're saying here. I think it's good. But All in all to say, of course they will be, you know, LED wrong.
And I'm sure she was also she's in she's in LA, if I'm not mistaken, right. So I think LA is notoriously known for for being the grift capital. The world is this stage. So, you know, I, I, I don't I. Would say Dubai if the devs are from Dubai. I'm normally. Yeah, You know what it is? People go to Hollywood to become someone they're not, and then you go to Dubai once you've done that and you got to hide so you can no longer be in the USA. So it's like a perfect barbell, right? Anyways.
Have direct flights from you know. One way though, eh? One way. That's why it's more expensive. That's not stopping off at any country. Like there's no extra, there's no extradition flight. You know you have to. Move to Dubai now. Waters you take it off from from the Bay off the coast of LA. Habibi spit on that day, Tyler. Anyway, the Kevin from Gate, he's in the studio is cracking up. I see him. Sorry. Give us 5 more minutes Kevin. We'll get to you Tyler. What else he got for us?
Let's start with all these tokens 'cause that's the big news this morning. Oh, first, we'll start with Ocean. I mean, so this is more and more confirmation that we're actually going to get an open seat token. We don't know when Q1, it feels probably Q1 to me, maybe late Q1 is kind of where I would target it at this point in time. I don't know. We'll see. I'm looking at the the numbers, man.
Even with this known open seat token, NFT traders are using Blur. Yeah, in the last month Blur has 50% of ETH of of all chain market share rather all chain is 50% blur. But does that, does that change the day, Tyler, because that was like an hour ago, right? Like 30 minutes ago this announcement. Do you think that might change? I don't know. I mean, did we not think the last announcement was enough? No. Actually not because it was just
it was an announcement. It was someone picking up on the fact it's a foundation but not. Yeah, that, that's fair.
I will say, like I've been buying NFTS only on open C If you were casually buying NFTS with not in like massive volume, I think like you have to use open C right, Like and all the blur air drops are behind us. But what this does show me is that like, although it feels like the Blur team has kind of given up on like advancing their product, people still default to it and it is the best marketplace.
I mean, it is I mean the other day we're trying to buy on the show the other night with Mando and keyboard monkey was trying to buy an NFT on on open C Pro and all the listings were so behind by like 10 minutes. So he had to go on blur because it was it was showing the wrong Penguin floor. So there needs to be a fix there. Just FYI. Sometimes the floor I notice that I didn't know, you know me, I use open C Pro. So I was like, I was pushing him to buy it on there to farm this.
He couldn't. So he had to go to blur in the end, Tyler. So there was something there. Yeah, but that marketplace is aside. I mean doodles I think is the news of the day. They're up 67% through a 7.3 ETH floor. I mean, this is a wow, a multi month, perhaps year long high here for for the doodles on the back of burnt toast doing a cryptic post saying a token is coming, which I don't think we've seen Hogan lean into just yet. I've got a lot of questions on this.
If this is just a meme coin, I'm fairly bearish on it. If it is somehow tied to like their company and what doodles is building, I think that is more interesting because they've got Golden Wolf, they've got Pharrell on the squad and they're they're producing interesting content. They had the McDonald's partnership so that clearly they are well connected. I don't like they did the poopy meme coin that was a total flop. Yeah, that's what Wiz was
pointing out this morning. If it's just a meme, I don't, I don't like it. What's the best comp to any of these coins? It'll be Penguin wrecked for one wreck did it first and love that shot to OV or the, you know, REC Foundation and them like doing all that stuff like they were so early to market that and it's been doing very well. I mean sitting at a $95 million evaluation here.
So it's been up only obviously Full disclosure, you know, have a bunch advisory to the advisory to the company and all that stuff. And obviously Mendel's involved and then Tyler also has a bag. But you know they've done it very well and it's been very organic. But from here forward, everybody's going to compare, right? So how do we think these do? Because if in the past they haven't done that, well, you have people that are going to come in.
I, I know Jay foul saying it's falling doodles. It's not official doodle token. We know that, but it doesn't matter if it's not official doodle token. It's the founder that did it. So so this is. The official token like there, there's no, there's no backtrack. Like we were. Yeah. I mean, like, he still did it, bro. And then they left and then they come back to launch a token or token season. That's another conversation. I don't want to have it today.
Positive, positive holidays, joyful. We'll have these compos in January. But like, what's the comp here, Tyler? Penguins topped at 35 ETH then went down 50%. Pango opened at 5 plus then went down to 2-3 ish. Well the market is also fucking trash but still very positive. So where did these token open and where'd they go? Because there was no will. Nobody wanted to buy these NFTS during the bear right? And not because there's a token, they buy them. But once the token is out, why
do you hold them? I I think it's going to be interesting to see what Azuki and anime does, which is probably going to come first. So Azuki's are at 11 eighths. I kind of expect them to continue to grind up ahead of anime and as more details come out. I think if Azuki grinds up, doodles can get to 10. But people were buying Azuki and the bear, right to me, like I, you know what I mean? Like, I guess, I guess what I mean is that like Azuki, I don't know.
You're saying they have a stronger community perhaps than Doodles does, and I would agree with that. Like Azuki was there all bear. Like Azuki didn't have Zagabond tweet out that they're not an NFT company no matter how much you want to fuck Zagam. Well not you, but people. Zaga was there and he did his thing for anime and anime chain and kept building right I. Mean Hogan was there, right? Hogan was there, but how? Hogan is our founder. But yeah, he's, I love Hogan. He's a friend.
Love you. Hogan. If you're listening, you're probably going to listen back because people are going to send you this clip. He's a top CEO in my opinion. He's he got, he's got the McDonald's, he's got the Pharrell, He's got all this shit, you know? He's cooking. Yeah, I guess. Let's see. Let's see, are you buying the doodles? You're at 7 plus. I bought one at 6.4 yesterday in disclosure and I don't in Full disclosure. I very well might sell them. I mean, you're, you're fine.
So what's your expectation question, Tyler, because a lot of people are probably going to probably do this similar than you. When you buy doodles for 60s, that's what they say, call it 3.4 K. So that's 20 grand. What's your expectation on return on that? I thought I had 50% upset. OK, so I still prefer buying the meme coin. A meme. Coin I should I tweeted the news out and then I waited 2 hours to buy.
You keep doing that. I just want to it was, it was 4 ETH when I when I tweeted it's not the first. It was just been D's bond and so D's D's had a much better entry than that. This is not the first time you do that dude. I. Know it's a good luck on you, I guess. OK, OK, interesting. I'm just curious like especially on the cool cast and everything. These are projects that essentially people are giving up on doing the bear. And I'm not talking about the core guys, not the die hard
doodles, the die hard cool cast. I'm not talking about you guys. You guys are the best. You guys are actually stuck by projects more than your own founders. But I'm, I'm just curious, like the community members that really bled the bear from like a 30 ETH high to like A1 ETH bottom, are these people just going to hold these tokens forever? Are they going to rotate it to the flavor of the Montfart coin for example? I mean I think if if you held doodles from 30 to one, you're
not selling before a token. No. But then you're selling the token right away, right? Because that's your exit. We need to know more about it, right? It's the same with with Pingu. We're using Doodle as an example, guys, but it could be Pingu, it could be wrecked, it could be cocats, it could be, well, the woman. It could be, it could be myriad, it could be everything. I mean that like we're using Doodle example because that's what you're talking about,
right? I don't want people to think we're like singling out doodles, you know, So, you know, I think I think that's it. Like to me, the way I would play this is I would bet on the coins of the teams that actually delivered all bear market, because a second these people get an exit, another bear market, they will leave again, but some people will stay. So like I'll I'll take the opposite side of that. So like, I think Uzuki is a very
strong brand. I think the team showed up and they they maintained their community across the bear market. But anime is a is a niche but. It's a big niche, yes, mega niche. And where in the East where they bit those things up? You know what I mean? Maybe I'm I'm I'm swayed because I had some conversations with a few Uzuki whales in Miami who were who were neutral versus bullish, which gave me some pause. No, that's just good. This is good. Didn't team?
Teams are going to succeed. I think they're at the top of the list 100%. To me, I'm so happy to see doodles coin, cool cats coins, red coins, all these coins because at the end of the day, as a community member myself, I want community members to win. So I'm like so happy that all these doodles folks that held through the bear are getting a coin now that potentially is going to get them some return. I think this is the best outcome for the space in general like
this is amazing. You know what I mean, I. Do. Yeah. So then we can all have our thoughts on founders and stuff that doesn't matter. It's like personal, right? But I think I think Kimmy is doing that anyways. OK, so that's good. I'm going to, I'm going to bring Kevin up in a minute here. Tyler there. Was there anything else that you had to cover? I think that's it, high percent and $30 token right as we speak. It is incredibly strong. Whoa, that is crazy.
Yeah, I think that's it. I think the SCI think this Hashtags Hashtags ETF is a very interesting product. If, if that gets inflows, that adds to ETH's high pressure. So I think that's going to watch, too. OK, perfect. That's that's that's awesome. Quickly, while we get Kevin, I may well, I might as well go with the latest announcement, right? Fuck it, Let's let's run it up since what am I supposed to share? Am I sharing?
Oh, there's a video. Look at this Look at this announcement for my red guys in the house. The second community contest. We know we announced pudgy Penguins last week during our basil. It's for red guys so check this out. I love that that is a gangster video. So if you have a red guy, if you have a red guy, you now have your own markets that are set up on Marriott the same way we did for Pudgy Penguin. So if you own, if you're a red
guy holder. Also, I think if you're a red coin holder, correct me if I'm wrong, but but you can win. We have two red guys up for grabs. 5 OSF editions, 5 Professional D Gen. 5 edition and 6.9 billion red coins up there to win. So shout out to to the rec team for partnering with us for the second community contest you can bet on. Will red guy 101 NFT sell by the end of January 10th? What will rec coin market cap be by the end of January 10th? Will an alien red guy NFT sell?
So you have a bunch of stuff. Come get your points on Marriott here. Start your quest, follow Red Guy, follow Marriott and definitely come get involved with us.