Yo-yo, what up? What up? Good morning. Good morning, MG Tuesday, Wednesday, Wednesday, May. Your most sated day. Yeah, I fucking hate that day. Wednesday, May 7th, 2025. Look at that, another beautiful day to have a beautiful day. I got my coast in the house. Tyler, Tyler. Tyler. Tyler. Good morning. Good morning. How you doing? Doing great, woke up to a lot of green on the board. Rocking the double green myself here this morning and it's a big day, FOMC Daddy Powell.
So you're going to deliver us some more green to head into this weekend? Let's hope so. Yeah, I imagine I got Jerome Powell on this pod. That'd be crazy, you know? Yeah. Pow wow. What's Powell going to do? Let's. Look, he keeps his cards close to his chest. Like I, I feel like he's a hard person to get to open up. It's like, really get the info I feel like that you want at at least while he's in this position. Yeah, he's the guy who's going
to stick to the script. I mean, yeah, I I don't see any. Yeah, well, I'm sure we'll talk about that in a minute. So we'll see what happens. That is a big day. I mean, there's a rec day as well. We got OVI call on the show. We just opened Myriad market. If you guys want to be the first ones to the Myriad market, quick alpha, please open the Myriad Market for rec drinks. It's a points market, but how long will rec drinks abstract Apple launch take to sell out globally?
It's in the FOMO chat. I'm sure I'll bring it up at least one live at 2 seconds ago. So I was just sharing with OVI. I figure we'll see make it fun for the community. So we got we got a big day. I don't know where Mendo is. You know, Mendo, that was his final, final out yesterday. He he, he bullied you and then he left. So he was like, I am out. That's my, that's my final thing. You know, it is what it is, though. It is I I did end up top yapping on the day. That's that's not bad.
I got, I got to talk about this yapping shit because I got all these yaps, but I never get any of the air drops and I have like probably one of the people, the most smart followers in the entire app and you got to teach me how to make money like that. Let's thought it was like $70 million giving away. I haven't received $1.00 of it. Actually, I did 15K for the AirDrop and then I got Jesse Polak on my ass. That's why. That was a very misleading post,
but we can we can get into. It OK, yeah. Yeah, I know. It's up 60% today. I saw that, yeah. Definitely want to talk to you about this because I got 4211 apps that was #1 yesterday on the board, so like 17. So I, I'm curious anyways, we'll talk about all that stuff. We'll talk about React, we'll talk about the market, we'll talk about FOMC, We'll talk about everything Tyler's got to talk to us about. I'm sure there's quite a bit markets pumping 97 K.
You obviously love to see that. We'll get OV on the show. So we got a bunch of stuff. We'll do a YEET giveaway. So lucky person is going to come on the show today and make some money for sure. For sure. That's for sure. We pick a different winner everyday. Yeet.com sign up using FOMO hour code. We've already given away about 16 something $1000 since we started, so you'd love to see that and then last but not least, this show is powered by powered by wallet connect. Where's my ad read?
Yes, wallet connect this What's wall connect? I should know it by heart by now. Wall connect is a connectivity network shaping the future of Unchained UX. If you've connected to Web 3 app, you've seen wallet connect that blue logo, it's everywhere. So I'm getting these like Walter Bloomberg notice if you've connected to whether it's everywhere. I'm not going to trust a cryptos can as recognizable as visa at checkout. They are cooking.
Want to learn more follow while connect on X and Telegram to stay ahead of what's next. Tyler, I'm going straight to you because Mando is missing. I want to see some Mando tags probably busy, but I love doing that to him just like tag him just like yo, where is Mando? Where is Mando? All right, Tyler, you tell me. What's that T and crypto analysis Tyler T on FOMO hour calls the kids. Can yeah, folks, it's a green morning.
Crypto majors up about 3 to 4% here this morning after news came out last night from Scott Besson to the US and China will initiate trade deal conversations this weekend in Switzerland. I think we saw Bitcoin run 94K to 97 K immediately on the back of that news within about an hour, hour and a half last night. So the markets clearly liked it. Stocks are up today. I think they're up about half a percent, but we have FOMC later
this afternoon. So I think there's a lot of eyes on Powell. The odds of a rate cut today are 1%. So virtually no chop at a rate cut today. But Powell could still provide his commentary, and based on how hawkish or dovish he is, we'll likely see markets react to that to the crypto board. Bitcoin dominance at 65%, a level not seen since January 2021. So we're making new highs and Bitcoin dominance. We were talking about this live
on the show yesterday. But that scheduled joint House hearing on crypto policy was derailed yesterday as Democrats walked out in protest of Trump's involvement in digital assets. New Hampshire folks, live free or die. They did it. The first state to pass a Bitcoin reserve bill into law. It authorizes their treasurer to use up to 5% of state funds to buy any digital asset. Over 500 billion in market cap. Guess what?
There's only one It's Bitcoin. But ETH, ETH, ETH Maxis, if you can pull off a 2 1/2 X, maybe you qualify to be in New Hampshire's digital asset reserve as well. Speaking of Ethereum, that pectra upgrade is Live Today. It allows walls to function like smart contracts. It increases validators taking size and more. Some interesting news on the tokenization front.
Citi and Swiss firm Citibank and Swiss firm SDX revealed plans to tokenize the pre IPO market for institutional investors bringing this segment of private equity and by Q3. So that's coming soon. Coinbase expanded sponsorships to E sports. They partnered with Riot Games to be the official crypto exchange of League of Legends and valorent Jan over now D5 development. They keep adding that Solana. They added another $11 million and sold their treasury yesterday and now hold over
58,000,000. Then the CFTC moved to drop its appeal against Kaushi is a sign that Kaushi's legal problems are coming to an end. Let's go. And token AirDrop and protocol news, kind of a lot of action here. Doodles announced their dude token is coming Friday, May 9th and it's going to be opening on Binance. So that's going to be a big one for Doodles. SNS behind the the dot sole domains and names. They announced their SNS token AirDrop 40% to supporters, including a 20% AirDrop to
existing dot sole holders. So go check your Allo if you've got a dot sole name. Trump's world liberty 5 open up a poll for anyone who holds WLFI tokens. If they want a free USD one AirDrop, that's their stable coin, so go check that out. Tariol I understand that we had them on the show. A. Couple of. They officially launched their Tari blockchain main net on Tuesday. Myriad crossed $2,000,000 in lifetime volume. They also shared some points tied to that Share to Earn
program. So continue to share your bets if you're making them on Myriad and then REC. Drinks Big day, big day. Hey those rec drinks abstract Apple go live 1:00 PM Eastern. There's already markets up on how fast they're going to sell out globally.
My bet is they're going to sell out pretty fast, at least if Europe can show up. If you're Yeah, listen, last time America cooked Europe, you know, So let let's see, let's see how Europe shows up. Say Mando GM, we got Mando, we got OSF, we got both the lines here. Mando Ogi, what's up? Good morning y'all. I'm doing great. You know OSF, you know OSF got something to shill when he when he's on formula. Can you even hear us? Sorry my my Internet was was pretty bad. Can you hear me now?
Yeah, we hear you. How you doing? We're in the office. I'm in the office, I'm at a rec. You're in the key. I'm in London. Yeah. We're at these few I love. Yeah, definitely. We have a, we have a little office that we basically never use, so. Nice. Very nice. Yeah. And a banana. I'm quite hungry. I can use the banana right now. They're good. All right, so we got a lot, we got a lot to talk about today. Tyler just went over everything quickly. Mando market, I mean, we can, we
can keep it short. I mean, Bitcoin, everything's pumping. Dominance is the highest it's been since January 2021, which is we know what happened after that though. I saw your postmort, Tyler, we know what happened after January 2021. It was quite madness on the NFT front etcetera in and Mando FOMC today. How are you feeling? FOMC should be fairly dull I think like that's what I expected to be. I mean, it's always a little bit volatile, but I don't there's a very low chance he changes
rates. I think it will really just be about his commentary about inflation and potentially tariffs. Some of the forward-looking indicators are are indicating we could get some inflation. So he may be a little bit hawkish. I would, I would take bass. Casey's a little bit hawkish. You, you love a dull FOMC, don't you? There are some big ones. This one feels as though it's really just going to be like the presser. The presser. Like, what is he going to say?
Right? Like Matt Tyler, it seems like you're you have some thoughts here. That's kind of how I feel. But then like I'm looking at the, the CME rate probabilities and there's a 30% cut for next month in June, which is throwing me off because like what's, what do we expect to have changed in the next 40 days? Like I feel like the impact from tariffs aren't have won't have come through really yet. So I guess that's what I'm
trying to grapple with. So like, are we, is that are they bang that we'll get some dovish commentary alluding to rate cuts happening as soon as next month. I'm. Not going to get rate cut next month. That's my gut, no? What's the market thing? What are the markets saying about these rate cuts? When are we getting them? Let's see. I think stuff's got to get worse towards the end of the year and then you they start like coming
thick and fast. Let's see what Tyler just sent us. Hold on, what did you just send us? What is this Fed watch? I've just been looking at the CME odds. So that's May if you toggle to June. June. Where is that? Where do I go here? June. June. June. Yeah, here. So it jumps to 30% then in the year if you go to December? December here. 37% odds of three cuts. 30% odds of four cuts. It's still it's a lot to churn
through. Yeah, apparently Zoran Cole thinks it's going to be dovish and a pump. So I'm seeing it. The comments, the streets are talking, the streets are talking. It's the biggest FOMC ever, right? OV is that is that what I'm? The biggest, biggest Fr ever CEO of your careers? Yeah. Biggest, biggest FOMC of our careers. That was the thing back then. It was funny. Wait, we we didn't have an FOMC in two months, right guys?
If I'm not mistaken, so I guess we'll see where we're at, but but crypto looks really fucking good here. I'm not going to lie, So we don't have to go over it too much. Bitcoin's at 97 two, which looks honestly phenomenal as long as 147 E 8080301830 there was an upgrade. Isn't there an upgrade being pushed to Ethereum as as we speak? It's 5. It's pretty important, Petra, right? Yeah, I've got the CHEAT SHEET so that it allows normal walls to function like smart
contracts. Valley Air sticking Max goes from 32 E to 2048. Trying to see what else here. The smart. Accounts. Oh, it enables protocols and apps to pay gas fees on behalf of users. That's a big one. OK. Some more optimizations. So it feels like this one's got the least hype that I can remember, since of all these upgrades they've gone through over the last two to three years, it feels like this one's
gotten the least hype. OK, I don't know, I mean we'll see what that does suppresses your Ethereum, but you know, it looks like it's it's actually it went live. OK, it was a 10 MUTC. So when I really this morning for us like 5:00 AM Eastern Standard Time. So we'll see what happens on that front. But man, it is so hated. It's actually insane when you look at the content comments. I hate ETH because I'm angry
about owning ETH. So this is how you feel and like this meme seems like it's pretty. No, no, no, no, no. That's not how I feel. I'm much angrier. That meme is a bit like, and he's a bit nonchalant, very angry. Yeah. I don't, I basically don't own that much ETH, but I have a lot of exposure to ETH through various things. So kind of like structurally long ETH and yeah. Just yeah, yeah. It's just annoying, isn't it? Yeah, yeah. So yeah, I hate ETH price, not ETH itself.
I feel like that's how everybody feels. I saw this comment go live right now so. No, no, I hate, I hate ETH itself. Oh you hate ETH itself? So how are you navigating the fact that REQ is on ETH? You guys are outperforming Ethereum. We're on base too. We're also on base, yeah, I wouldn't change, I wouldn't have changed that like I wouldn't. We'd launch when we launched REQ and October, November last year. So Ethan had already kind of
like done its thing. I think there's a lot of competition on Seoul. I would I would stay on ETH for sure. But maybe one day I won't hate it anymore. Maybe that's. Maybe that's the. What do you guys think? What do you guys, what do you guys think? Where do you guys think ETH tops at this second leg? If they're like, let's say there's a second leg, Bitcoin goes to like 150, so on. I was back in at the highs.
11.9. Well, actually because I was talking to a friend, like I was talking to Jules from Oros about this in Dubai. He was asking like my thoughts on Tim, like like what do you guys expect when you buy ETH now? Do you guys expect it to go to 4000 which is not even all time high? Like actually you think ETH goes back to 4K cycle? Yeah, when Bitcoin is like $1,000,000, then maybe you'd be like, OK. Wow, OK, Someone's had it with Ethan, man. What do you think?
Like dude, what do you think it goes? I I I've said this with OBIE for multiple weeks. I'm done. I'm done with the conversation about where, when. Oh, wow. Oh, wow. Wow. OK, OK. We we're done with it like. Wow. OK, completely done with it. I, I, I, I I don't. I don't. I don't think Bitcoin's price has anything to do with Ethereum's price at this stage, and probably negatively correlated. Probably because we've seen the EBTC chart. I mean, that speaks for itself.
Tyler, what do you think? I'm the one who's forced to put a guess on, so it's probably 3000. But see, even that is so bearish, like, you know what I mean? I take. That that's almost doubling in each price. That's 50 to 1, right? I mean if ETH is a three Ki mean you know stuff like rectus stuff is flying so I'm not against it. 2 to one right now, like if fuck cricket holds 50 to one It's like what's? OK. I guess ETH, ETH is not the question.
It's like it's ETH BTC, right? That's point O, point O 18. ETC is the one is the question. Yeah. Do you think we'll ever see this, this period in time when ETH starts rallying and everyone's like, Oh my God, now's the time for Eve, and it will be. The time it will be some of that. Banquet that's one of the banquet skies will be like we've you know we've experienced this we this is our time that we've waited for this now's our moment and then it just like drops that
lower again and. Yeah, I don't know. I mean that does I I time makes a good point like 153 K makes sense. Checker here in the comments saying too much hate on east will be the most hated rally to thank you. But that's the thing, like the most hated rally thing. It's like so funny to me anyways, it's not even worth the conversation. Man was already like what the fuck we talk about.
He's he's like, but we've had this conversation either us three with Tyler or Baghdad when oh, he was still on so many times. I remember we kept trying to long E at the beginning of the cycle. Remember guys we kept trying to long Ethereum whenever Baker was pumping and we kept losing money and it was so funny or like we were flat for like 3 weeks right? It's too much. Painful. That was funny. That was a funny period.
It was Q 4/20/23. God, that was such a funny part of the cycle in the New York Star. Pi. Don't know y'all. Anyways, what else, Tyler, What else you got for us? What else you got for us today? Maybe it's something else to talk about. So I'm in New Hampshire, historic news in the US, first Bitcoin Reserve. So it actually, when you look in the legislation, it's more than that. So this bill enables them to put 5% of public funds into digital assets with the market cap over
500 billion right now. That's that's the only Bitcoin that qualifies. They're also allowed to invest in gold and silver. So it doesn't necessarily mean that all 5% are going into Bitcoin, although that's kind of how we've interpreted this and of course how how we want this to go. It also outlines how they need to be cussing the funds in state controlled multi sig wallets, qualified custodians and such. So this was a surprise. Broke live during underexposed yesterday.
This came after Arizona's governor just vetoed their bill over the weekend and Florida just withdrew theirs. So it really looked like we only had a couple of shots left of this. And I don't think many were betting on New Hampshire to be the one kind of setting the setting the stage. But they did. And now the question is who else is going to follow?
That was some fun news. The city tokenizing private equity was was a very interesting headline is we it's, it's one that's not like a tradable headline, so to speak, but it's one that talks about how more funds are going to come on chain and what the big players are going to do. So they're working with the Swiss company SDX. They're going to tokenize the pre IPO market for institutions.
So that's going to come on chain you effectively, as I understand, you'll be able to a secondary mark for companies who aren't public yet. So it it's additional liquidity for those who have invested. You can perhaps take some your shares off the table. And then it also provides opportunities for for players who aren't in to get in the door. It's institutions only right now. I think this gets more interesting when it it opens up to retail, but kind of a big
first step time move. Love that, love that this is actually a big deal. Like this whole like spokenization of stocks, like buying pre IPO stocks, all this stuff seem a big trend this year seems to be like where where we're going and makes it so much more accessible for like just regular people to to trade stocks. What about Mia? So love to see that and and that's where we're going. Look at that. Hey, you can tell the wrecked office is a party today, huh?
Love that. Love that we got, we got. The market. The market's live by the way we just posted it we just we just put out thanks Sims. I know you put it live so we put a market we're going to talk about this in a in a in a minute that I'm getting so bulled up right now like everybody's tweeting these bullish charts on Bitcoin and stuff on my timeline looks good No, it looks so good where do you guys think bitcoin's going right now? Guys like this is looking so sexy.
I'm not going to lie, it's. Going to go to 98 K here. Oh thanks, he'll be such a troll, I swear to God. You guys, you guys are glad you have me back on the show. Thanks for coming OB you're. Great input. Great input so far. Great input man, Ethan's going in 1900 and Bitcoin on. CNBC stocks are up no .5% today. That was a classic. Just flagged it like in 10 minutes. Oh my God, that's a classic. I mean, are we going to, what are we going to do?
Are we going to kiss like kiss like hi's here? Like where do you guys think we're going here? Like I I kind of like it here. Really wary of this pre FOMC. You always get the Darth Maulwick on FOMC down there. It goes up and then decides where it's more where it wants to go. So I would not be, yeah, it's basically what I'm saying ahead of the FOMC because there will be a moment where it just goes down. Oh yeah, don't lever trade FMC. Those are those are wild.
I watched Wizard's dream during FMC because it's so fucking funny because you'll go like long or short and then it's just like always the most craziest one minute candles. It just goes based on the words he says, right, Joe Powell. So it's it's always it's always insane. Anyways, Tyler, what else you got?
Well, just back on the macro thing, I think what's the other big piece of news was that China and the US are going to have their first trade talks this week in Switzerland, which is what drove futures up last night. It coincided at a minimum with bitcoins, you know, 3% rally, 4% rally. I kind of think my gut is that's going to be a sell the news of it. Like I, I don't, it's great that there's, they're starting the conversation, but I feel like nothing's going to happen this
weekend. So they have a quick meeting this weekend in Switzerland and then we get nothing out of it. Are we just going to sell off on Monday? I guess I think from from an equity stocks perspective, that's kind of how what my current view is kind of base case on that. But I don't know what it means for for Bitcoin because Bitcoin has outperformed stocks in this move. Stocks up percent, Bitcoin's up 3% three and a half. So I think that's a wild card.
But curious if you guys have a read on on how big of a deal that headline was? Let's fucking pump Bitcoin 3K What do you think? Yeah, I. Think it's, I think it's like a huge, I think it, I think it's legit like I don't, I feel like it's not necessarily a Southern
news thing. It feels like to me like the newsflow that's coming all seems to be painting a story of global liquidity increasing and that's certainly something that will help and that's obviously being pushed around in the charts as well. So you just the way that I'm viewing it is with all the headlines, including this one, you just need like one kind of semi headline which just says like US and China agreed, like temporary resolution or
something like that. Just some sort of like temporary thing which keeps stuff taking a lot longer. Then I think then I think things were like really gigs. And so that's my view. Everything to me feels like headlines plus price action feels like it's coiling for like this big move higher, not just in crypto, but in risk assets across the board. And I think you had the favorite. Everyone sold risk and got
caught wrong sided. People have bought back into it and people maybe are still underexposed, but you just have this like we're just that that one like mini headline away from everything just taking off, I think. And like this China headline and other charts, everything we're seeing, they're all corroborating that viewpoint. I think they're all painting the same picture. You know, that would tie up pretty well with like the increase in in global money supply as well, I think.
Wasn't there where's that there was a good where's that market at? Remember Tyler we shared that oh the will Trump lower tariffs on China buy let's talk about that one. So now May 31st at 60% that that's a lot and July 31st is at 87%. Mando, I saw you had some thoughts on that on time and back then saying that you don't see how you know this resolves anytime soon. It will take a while. I think you will talk about on the show. Do you think does that? You still think that?
I do, yeah, I do. I think I don't. So that is, will Trump look OK? That's very different. Yeah. No, there's one, there's another one. There you go. You trade deal. So the chance of a trade deal. Before June, I want to agree with you. So the odds for that, I think, I think there is a very good chance that Trump during negotiations says, hey, we're going to cut tariffs during negotiations, right, as a sign of goodwill. That that would be an obvious.
And that was some other people as well. And but yeah, the, the real question here is, does he, the, is there a trade deal to happen? I don't, I don't. I think it'll take ages. Absolutely, yeah. I think the I. Think the the main point I think here is like what actually constitutes a deal? And. I think some things might happen, which maybe aren't necessarily a deal, but the media goes crazy reporting it. People go crazy buying risk.
You know what it means. So it's like, you know, what does it, what actually, what does a deal actually mean? Like how, what's the term of that deal for it to be just quite, you know, justified as a deal? Like what are the things that have to have happened in there
to to be justified as a deal? And I feel honestly, I think I, I, I think you're going to see something where it says like some headline which says like China, USA deal done, which isn't actually a real deal beneath the surface. And I think we like re value on that. And that's probably, in my opinion, a good time to take off some risk because I think 2018 and 2019 was anything to learn from. This was just an ongoing saga that never really ended. And I think that could be the
case this time as well. I think we're going to have a lot of back and forth for probably years on this. I think it's not just going to be done and then we move on. So I think I just feel like there's one more big positive headline, which even if it's not a real +1 happens. And then that's the move. I think you want to take some risk off into. That's that's kind of like. My game plan? Well, I like this market. I didn't know we had that US China trade deal by the end of
President G's birthday. When is G's birthday? June 15th. That's not bad. So you think he's going to treat himself to a trade deal for his birthday guys? June 15th. That's a funny ass mark. He's. Made watch. That's fucking funny man. Trade deal by the June 15th. So for his birthday, he just treats himself to a trade deal that longs the market in China.
I don't know, man, CZ. CZ thinks that Trump's doing the right thing and that, you know, China just doesn't like being manhandled in public in the court of public opinion, but that overall, like that, there's going to be a deal made. I mean, I think so best kind of came out and clarified like, hey, we don't need tariffs on everything. We want to keep China as a trade partner like we don't they can keep textiles. We need to boost onshore manufacturing for for steel for a few other sectors.
I don't have them all top my head makes sense and is aligned with kind of a more America first reduce alliance on China. But until we get there, it feels like it's a pretty rocky road still. So I mean, it was kind of what everyone said. Yeah, All right, we'll see where China and USA tacos. But I think you and I talked about this before. It's like bad news cannot do whatever get brushed off and not good news just propel the
market. And last night was a good example of that was like we got a little bit of whatever news and the market was shaky for like an hour. And then you got one good news, which was, oh, they're talking Switzerland. Bitcoin went from 94 K to 97 K. This is a massive candle, right? So I guess, I guess we're the markets kind of over all the shenanigans in that sense. All right, what else you got, Tyler? Doodles token. Oh yeah yo OV definitely is Max
bidding that one. So it's coming from Canada. They open up a link for anyone who holds the NFTS. You can now pre register to make sure you get your aloe via AirDrop. They're also going to work with some partner communities. I think that's kind of the hot new thing to do for these NFT airdrops as you look to kind of expand the community. So it's going to to the top 50 Bonkbot traders, top 2500 wallets in Bonks reward program,
Drip house, Solana mobile. So if you ordered that chapter 2 Solana phone, you're going to be eligible top 29 people on Vector, Helius Eliza OS. So there's a couple different there's a laundry list of areas. So it's worth checking out. You'll get a few tokens. It's going to be on Solana so that they're kind of following in the the Pingu steps with that launch 30 percents going to the doodles community, 25% eco funds, 13% to this new blood group.
It's going to be an interesting like where do we think this is going to trade? I think I don't know 5 billion FTV anime. So they've got buy bit already lined up Finance, OK X. So I'd say like 300. Rented FTV. Or my FTV is. Probably my my open. That's my guest here, I think. Which would be a. Nice. It's hard to judge What isn't it? Yeah. I don't know man, like. Somewhere. Somewhere in between 0 and Pengu, which is to be on Germany. You think this? Is at 300 million.
I don't agree with that actually, I'll take the. I'll take the under here. I don't know but that just feels high like. I mean, if you're open. The question. The question should be where does it stabilize? Not open, right? Do you think it comes out six times wrecked? I don't know, but that's I hope it. I hope it does. Go pull up the I mean, actually, that's actually fucking bullish for wrecked if it does, but. That's why I say I hope it does, yeah. What's up? What's up, Tyler?
What do you think? I'm just basing this on historical NMT token performance. OK, Yeah. I mean anime point right now is 180 million FTV. It opened over a billion. When did that come anime coin? It looks like that came in late January. So that was peak. That was like peak Pingu was what, like 3 to 5 billion? Yeah, open 3 something. Yeah, the. Thing is, I just don't know if there's that amazing a link between floor price of the NFT and the coin.
That's that's basically what I'm maybe questioning here is like, what is the doodles? Yeah, what is anime coin like? What does it? Do dude, dude. Dude Bell dude. Like I think doodles, the actual NFT collection is worth way more than the coin. And I don't know if I agree with that. Come here because that's where the NFT trades, I don't know, that's just my, that is just my gut that, that, yeah, maybe, maybe opening markets are very, very difficult.
But a carrying value of $300 million for the Dude token, I don't know if I've seen enough out there. It feels like amazing flywheel where everyone's going to do well on. It just feels like they've just done a coin because they've done a coin, right? Feels like for it to settle flat to azuki maybe is the right answer. Yeah, I I can imagine that. Azuki's also like an L3 coin like on Arbitrum. This is on Solana Azuki. 'S 180 million FTV, so that's
not even that far off. So you're saying it's going to pull back 3040% after launching? Like who are Solana is going to hold their dude? It's a soul coin. It's a soul coin. Yes, yeah, yeah. Like that's why. Lana has Lana has the strongest holders I think right as a. Oh yeah, yeah. That's the network strongest holders. I I heard, I heard a take, I saw a take on the timeline that a fart coin was on Ether would already have hit $20 billion. And it stops me in my tracks. It made me think.
True that. Maybe not 20 billion, but Pepe levels for sure. Yeah, yeah. I mean 20 is a stretch but like you get the point. Like would it be higher on Ethereum? I don't know. I, I I. Maybe they should create a bridge. Bridge will bridge a far coin to ETH I think. Could be good right? What could? Go wrong. What could go wrong? Yeah, I I don't know, man. I don't know about this one. I'm not a lie. I'm not going to make a
prediction, but. Do we know when is it launching today or do we know when it launches? Spread it today, right? And Binance is lined up, so they've got. Well, they've got Binance Bibetal KX lined up. But but Binance launches are a one day thing and then they all die. Was Binance Alpha and Binance futures lined up? Oh, not Binance. No. Just on futures, we all know well you need. You need somewhere to be able to short the coin right? To monetize otherwise. I don't know, man, I don't know.
It's it's just who runs it now? Who runs doodles? So when you look at the it's so funny, like you look at this tweet on the right side, what's trending is Diddy and disaster. I don't know. Not the best backdrop I. Don't know why is that like what the? Hell, right, the artist took it back over. So it's not creepy. I think it is right. No, poopy's been out. He already launched another project that went to zero recently. Remember they raised like whatever.
How much? Poopy's on the offer then I think it's going lower. I don't know, bad. I'm not really bullish on that, I'm not going to lie. We'll see where it opens and we'll see where it goes, but I think 100 mil, that's what I'll settle. They have a good community. Yeah, they have a lot of milk. What I'm basically saying 100 mil would be like, that's yeah for a coin that does not. 100 mil is amazing. Yeah, it belongs to $1,000,000 coin. Yeah. I think it's going to be $100
million. This was going to settle because it's not as strong as Suzuki, right? NFT holds NFT people in general have a very, very incredible track track record of overestimating how much coins related to their NFT are going to going to be worth whatever open stuff. It's like this is going to come like some crazy like also with the L twos with blasts as well, but it happens with all these coins as well. It lasts like 12 hours and then we move on.
Yeah, Speaking of blast, I think Pac-Man hasn't tweeted in like weeks. So whatever's going on there? Yeah, I saw a tweet about that yesterday. Can. We talk about the zero bro thing did. We, yeah, we did talk about it yesterday, but now that it's settled, should we go there? What the fuck? Like what? The. Fuck and then and then apparently bubble map says he sold like 100 grand worth of 0. Bro did you see this look on chain thread? No, I didn't. OK, so I, like, this is crazy.
Like I made a tweet yesterday and like, yo, this is like, really sad and shit. And then a lot of people started pinging me like, yo, I'm not sure it's real. And like, I reached out to one of the decrip writers and I was like, have you guys been like looking into this? Like, yeah, we can't confirm or deny yet, so we haven't written about it. I was like, oh, shit. And then like, they like called the San Francisco obituary and
everything. Like Ryan suddenly like calling and they just couldn't confirm or deny either. So Jeffy, it appears that he faked his death and it appears that the video no, he did fake it. Sorry this not appears you're right Tyler, what's? The statement, yeah. So Jeffy faked his death, and so he wrote his own obituary and paid for the San Francisco Chronicles to post it. Because I got someone who messaged me yesterday, I'm not going to name saying like, yo,
like I started tweeting. It's like yo, like that obituary looks more like a love letter to himself. So I started like reading and I was like fuck. And so it appears that the token called LL Jeffy was launched. He published an article about league of coins on mirror and he was selling. What does he guys do? He was selling zero bro to buy LL Jeffy. So he. Wants a new, He wants a new coin. This leg of coins like it's a legacy coin. He's like kind of coming up with
the new meta, so to speak. The token launches and then he he publishes a statement about a few days later. He which he says it was like scheduled prior to his death and then people start looking on chain. It looks like he had he was trading after he published the video. So he was live on the punk punch stream launching the coin. It ends with him killing himself, but that was. That's fucked up. What happened? Very, very messy dark situation. Is it a Isn't it a crime to fake your death?
I actually don't know. It depends if he actually profited from it from like. I mean, look, he did. Well, selling a crypto coin, I don't know if like that, that would that would be enough. You know, if you'd like claim benefits, reclaim insurance fraud like that. Those are crimes. I don't know if something. So there was this letter, right? Like this e-mail? I I don't. How do you prove that this e-mail is real, though? I know, Daniel says.
That I don't know I I that's why I just put allegedly even in Amanda mini scale like it's so it's just so fucked up like it's. Fucked up but. Then also selling coins is. That's the thing that really got to me. So like. This is it. Yeah old it's here the debt so from the on stream data LL Jeffy's dev wallet continue to buy L Jeffy and burn it after Jeffy used suicide a wallet likely link to Jeffy U the founder of 0 bro also sold 35.55 million zero bro for 8572 sold 10 hours ago.
What like we, we've have we hit new lows guys like this? Is this the most the slowest? Thing guy like he came on he seemed like he was like a bit he. Came on the show. Like what was that like a month ago? He came on the. Show no way back were were. Different. Couple, a few, a couple months. It was definitely, definitely. Off. Yeah, it was at the low. Yeah, it was at the low. You're right. It was a couple, two, 2-3 months ago. At least two, let's say two to four months ago.
Yeah, yes, this is fucked up. Yeah, it's what what do you think of the takeaways of the takeaways that like it's just the him thing or do you think it's just like the space is fucked up or it's the take away that people were willing to like trade the coin afterwards regardless? Like I've just, I, I mean I had a conversation with this someone the other day and like in real life just like it's just sometimes she seems to take like 5 minutes away from the space
because this is like it's just. It's society in a mirror. If there are no rules at times, you know, it's just like whatever the fuck anyone wants to do. Like people actually, if if Jeffy came back now and launched a coin, people might buy it. Do you know how far, like, fucked up that whole system is? It's like people are just looking for new things to to, to trade. Like it's, yeah, it's just a weird. Well, I don't know. What are your takeaways?
What's your take away Tyler? I, I think you, you raise a good point, holds the mirror up to society. Like you watch the news every day. There's a lot of bad shit that happens on the news. You can choose to focus on that and say, oh, the world's going to shit and now you hear is oh, crypto's going to shit. Or you could choose to focus on the more positive things. So like, yeah, bad things happen here. It's open to anyone in the world that runs 24/7.
And there there's more tools that are providing more access to, to anyone. It's become easier than ever to potentially profit on very bad activity. I, I, I think if, if you were trading these tokens, I mean, I think I'm not, I don't want to be the morality police, but I think there's some kind of. Stuff you can't in this space, there's no. Way you can't. There's always going to be like the trading part. I don't really care. Like people are going to trade
whatever they want. You can't tell people what to trade. I think there is such a thing as karma. So I would say for for my personal rules, I I like to stay away from. Everyone has their own personal rules that.
That's yeah, yeah, exactly. I think yeah, we can't play morality put this on the show like this I but we can tell that we're going to say I think that we're going to agree with what Jeffrey did is fucked up because there's people out there that actually have problems that actually like kill themselves and there's people like fake it. That's fucked up. Yeah, that's fucked up. That's fucked. Up. Fucked up, Yeah. In our this space, Yeah. What's going on, man?
This space is fucked, dude. Honestly, like the whole trenches thing is really fucked up. Like what? Whatever's happened to trenches? I don't know, but this is insane. Anyways, it's. Quiet. It's because it's quiet. It's, it's because it's just the people that have been here the whole time. They were the only ones left. I said that the other day, no, not one single new wallet has bought a house for me.
I'm telling you, it's not one single new person has come in and said, hey, I want to buy that. That's just us trading around with whatever we had and then. Tyler and his 17 wallets, those are the 16 new participants. What, what, What have you been in over the last 24 hours, Tyler? Yeah, Tyler is. Already in there about the stickman. About the stickman token. Yeah, what's this? What's the stickman token? It is what it says it is. It's just a meme of the sky who's just a stick.
And for whatever reason, people ran with that. Jing Tao started tweeting this thing and then it went from 500K to 6,000,000 yesterday. So you can still hit some of these but. Bro cook I. Don't think the trenches are on fire by any means, but. What's this vamp stuff I saw in my timeline? Everyone's freaking out that every good coin gets vampire attacked now and that that's been happening since this entire
cycle, right? I don't know that's anything new, but but people are like really freaking out. I think it because it happened to troll. It happened to your mom. Your Mom was is the latest Gork token that ran. What'd you say about my mom? I had the. 6th grade 0 Marvel. It ran to 10 million. Anyways. So, yeah, that's the state of that's the state of the trenches. Mog's coming back. That's a that's a little bigger than the trenches, yeah. Can I ask, did you buy your mom?
I did not, no, it was, it was too high. I don't like, I don't like when it's already at 3 to 5 million. I I don't really like to chase a lot of these because I don't think the upsides there. You are the biggest degenerate on this show. Trade like the the grok stuff, like Elon interacts with too many things. If your whole goal is like, oh, Elon might interact with us, I think that's a pretty shaky thesis.
The mock stuff is interesting. They got Gary, Gary Tan changed PFP to the mog act thing and that Jeff Bezos guy. Yeah, that's. What's? Act stuff. They're accelerating. I don't know. We started by yesterday on the show, but I don't know where it stems out of honestly. Look, Gary Tennessee retweeting post from she like, this is actually wild though to me, right? Like we've been in this mock thing for a minute, right? Like OB, like, have you seen what's going on here?
I'm reading the following actually. It's pretty wild. Like, they started this whole thing out and and now, like, you have the biggest, like, I mean, it's the biggest the CEO of the biggest accelerator in the world, right? Is like talking about MOG now they're finally pretty wild. Yeah, I I'm a fan of Gary for the for a long time, I saw this. Like, what the Hell's going on here? Look, this is crazy, right? It's certainly weird that it's suddenly gone Silicon Valley.
Like what? What is that? I think because Elon changed his PFP, right? I think that's probably what started it. Yeah. And now everyone's like, oh, that's the thing. But yeah, will mom finally flip SPFSPX? Sorry, where's that? Where's SPX at? Let's look at the Murad index. Oh yeah, I don't even look at this index anymore. 460 Oh wow, SPX is still $460 million. Pop pop strongly above. Pop Cats 400 mil. All time highs, All time highs in May. All time highs in May actually
though, right? All time highs in May. Right. The best is yet to come. I mean Bitcoin all time high in May is live. It's non 0. Best since then time for China to Oh my God. Anyways, yeah, I just saw the time. Let's talk about wrecked a little bit boys, before we get into this, before we get into this, this giveaway stuff, the code today just quickly Speaking of wreck is wrecked. So raffle bought that XYZ raffle bought that XYZ. The code is rekt REKT.
Go to go to e.com, sign up and and make sure that you've placed, you know, a prediction on there and and all that good stuff, yada, yada, yada, and you'll put a prediction, put a bet on and you'll be able to to join the giveaway later today. Holy, it's a big day for you. Tell us more, abstract Apple. Let's go. It's a big day. It's it's a big day after Apple launching in just over 2 hours now, I think it's 10:00 AM Pacific Time, 1:00 PM Eastern Time, 6:00 PM British summertime.
So we're launching drinks. They're going to be available, they're available for sale globally, but you know, if you're outside the UKEU or US, shipping is a bit more expensive just because we don't have the distribution rails there yet in place. But yeah, just make sure you're signed up on rewards.recdrinks.com if you want to earn your points from it. You're going to be able to earn some abstract XP from each purchase. You'll earn drank points from
each purchase. There's an NFTMA the other day which you'll get with each purchase as well. And yeah, we have all the drinks manufactured ready, all boxed and ready to ship in the warehouse. And so it's not like one of those let me buy drinks, buy this product now and I'll get it in like 6 months or whatever. They're all all going to be ready to be shipped in, in pretty fast time. So let's see.
I think last time when we did the drinks in October, the US sold out in under 4 hours and the stocks sold out globally in just under 48 hours. We have a similar amount of supply this time, but I think the engagement has probably been like three to five times higher just because the abstract community is like so mental. And last time it was just direct community. I think we have other people who missed out last time who were getting involved this time.
So on paper, I think it should sell out a lot faster, but obviously you never know until something happens. So so we'll see. But yeah, we're here at at in the the Wreck slash Canary HQ right now and just putting together the final pieces of the of this rod. It was crazy last time you guys saw that quick. And then if I'm if there's if there's going to be the abstract case piece or are they going to get like wreck wreck coins for for buying the drinks like last time?
Yeah, I mean, you can, yeah. You can see what happened last time. Last time people got drank points. And then there's drag points converted into wrecked coins. So this time you're going to get drag points, and you're also going to get abstract XP as well. So there's a prediction that's live. We went live before the show. How long will wreck drinks abstract Apple launch take to
sell out globally? And it looks like right now, OK, 22% of the people think 5 to 12 hours, 22% think 1 to 4 hours under an hour, 20%. Well, this is like pretty even right now. What are you guys prediction guys like what are we? What are we predicting here? OV like I'll hear you out first, like what do you think? I do think, I do think the US will sell out in under an hour. I think the US is going to go really fast.
I actually think last time we got held up a little bit by UK and Europe. I actually think those will go fast this time too. I would love to see a sell out in under 24 hours. That's like kind of like my secret hope if we if we do that, I think that's a really amazing achievement. And yeah, we did it the first time. Yeah. There's a question of are you just a one hit wonder? Can you repeat it? Can you keep doing it and how do
you make a difference? So that's what we've been working on and that's what we are still working on with the other stuff we have coming up. But my guess if I had to, if I had to bet on this market, I would guess I would bet 13 to 24 hours. That would be my guess. But oh. OK, Tyler, what do you got? I think OB is spot on with this analysis. I'm worried about Europe, folks. They're out having their cigarettes, but they're having their their evening, their
evening coffee. I think I took home quite a lot of the European order last last time. Fucking hot. My body is like friends. Probably 5 to 12 hours, though I would not be surprised if it's one to four under. One for Europe seems big. It's possible. Let's see if Europe shows up this time around. Amanda, what's your call?
I don't know like this, this I was saying to over before, like this Dubai event feels bigger than any other event we've ever done and we didn't even do in our own event right. Like normally it's like all the wreck show and it'll be attached to that, but this one feels like, wow, OK, you've already got web 3 Red Bull here or like a potential for it. So I'm bullish. I I am bullish if I don't, you know, if it was all USI think it would go very quickly.
But yeah, it is, it is Europe. I'm going to say 1 to 4 hours though. I'm going to say 1. OK, wow. OK, one. To four hours. Wow. Did you guys just see the market pump on 13 to 24 hours? Because Ovie said so. It went from 16% to 23% live. It wasn't worse, but like this is because you said that. All right, So Tyler. You. I'd love it if it wasn't that. So you're 13 to 24? I just got 1 to 4. Tyler, you said 1324 as well. I wasn't 5 to 12. 5 to 12 yeah I I'm going to go fuck.
The problem is Europe man. Like Europe. Is there as many cans available to Europe as last time? Just go under one hour. Just go under one hour. This could be an hour. An hour blow out, Let's fucking. Go. Big blow out. I mean, look at Rect Rect is up 350% from the lows. You absolutely love to see it. I mean, the whole team is working in the background. You absolutely love to see that. Everybody head over to rectdrinks.com and that's going live in exactly 2 hours from now.
We're going to blow it out of the water. All right? I feel it. I tasted it and it's fucking good, man. The abstract apple is amazing. I had it, I tried it with, I don't like vodka, but I tried it with vodka too, by the way, it tastes really good. So because the other one's better with tequila, the abstract apple goes out with vodka. I don't know if you guys are big vodka people. I mean, if you're over 18 / 21 in America, but you know, it's a, it's a nice Little Mix.
It's Amanda opening a can yesterday on the show. It's good abstract apple. Check it out. It's going to be good. All right. Well, Ovi, was there anything else rec related you want to share? No, just the only thing I would say is if you're a supporter of it, just get like all your friends and family to buy rec. Last time we had 50% on sales that were from non crypto people.
And I think that's just because rec rec guys got all their friends and family to buy drinks and they couldn't be bothered to explain the rewards things that people went onto. recdrinks.com just bought drinks just like you would on any Shopify store. So just do yourself, like just one person, get one person to go on recdrinks.com and buy some drinks. That makes some huge difference. You'd be surprised at how much of a difference that makes. So I mentioned that in a
critical meeting yesterday. I'd really, really encourage people to do that. If you just, you know, want to support, do that. And I think it will make a huge difference. So yeah. You heard it here, get your wife's boyfriend to order some wrecked drinks. You absolutely love to see that. It's good, it's worth it. OV has a goal, right? Your goal is sell one million cans on the first year.
So if you sell this out, sorry, when you sell this out under an hour, what are you going to what's, what are you going to be at? I'll be almost halfway there and we'll be at 44% all the way there. Wow. OK, OK. And then I saw you got a couple other flavors coming up. We've got some more stuff coming out.