Yo-yo, what up? What up? Good morning. Good morning. GMG. Tuesday, Tuesday, Tuesday. God Forsaken. Tuesday. God damn it. April 30th, 2024. Look at that. Another beautiful day to have a beautiful day. Last day before May. But I guess you all went in the way. For what it's worth, check price. Fuck, man. I I may as well take a three month vacation myself. Bad price. I got my clothes in the house. Mando. What's up? How you doing? Good morning. I'm doing great, man.
How are you? I'm good. What? What is going on? What the? What's going on? Got ugly out there, didn't. It dude. What did? I was so hyped up about Asia buying our bags and shit. These guys did like $2,000,000 in volume. I'm can't leave at 12. It wasn't great. I have to. I have to admit that that was definitely not not what people were hoping for. Why am I change bull? Sorry, I'm forever bullish. It's. I was super bullish on that too, but well, I wasn't.
I mean, I I felt like it was an unknown and normally with these unknowns when it was like with the other ETFs, it was a massive map. We massively blew all the expectations out, the water, and then this time it's just been pretty pretty pathetic really, which is nasty. And plus I think expectations they were talking about, they're really bigging it up into it, right?
Like I think yesterday I saw they, they said they were going to beat the US trading volumes and it's kind of a wild difference to be predicting that and then it comes out. Yeah, yeah, yeah, yeah. Anyway, so I'm sure we'll talk about this quite a bit. I just posted the broadcast. We're going to try something a little different today. We couldn't do it last week because it was two last minute for me to announce but I did it right now.
So today, well first of all markets, macro crypto, all that good stuff of course I'm sure we have so a lot of talk about market wise as as as we are racing to 0 this time for real. I don't think I'm I'm kidding this time Top hunter gainers, USCHKETF disappoints $11 million crypto sinks. Eigen. Eigen, Eigen, whatever it is lay your foot. I mean all over the timeline. I mean dude, you're you're allowed to to to farm with the VPN but you're not allowed to claim with the VPN.
It's kind of weird there, you know? But we'll talk about that. I'm sure micro strategy buying or I mean saving is something to save our bags consensus versus the SEC, we'll talk about that. Some stuff we didn't talk about yesterday. We want to cover all its memes and dreams. I mean you have Camino, you have some NFTS, you have some Moonbirds news though I don't know decentralized rune from Rumble.
Kong's making a lot of noise second rune right now crushing it. RSICO opening on OK X this morning Big one, super bullish on them. Hoodie punk selling for lowest in in years in terms of ETH. And then last but not least we'll pick two winners. But today today's different. I tweeted it. I I pinned it to the top. You have to retweet the the, not the space though. I mean, you should retweet the space because it's banger, but you're going to have to retweet
the broadcast. So two people that retweet the broadcast, follow FOMO Hour and Robecom are going to be selected to come and and get a spin. And today we have today's, today's a little different. Today there's four punks. I swapped them around. There's 1234567891010. My ladies because I realized the Milais are are, are, are are work on the robot loot box spins that were added. They're aggregated there and the RLD and then a bunch of red
guys. So so it's going to be it's pretty much 3 collections and we'll see who wins. So 2 spins, $5000 a pop. Shout out to robot for allowing us to do this with and for you guys and make sure you're listening to this show though to come up on Twitter spaces to win. And then last but not least, this show is powered by fair side network wallet coverage for drain scams and all that bad stuff. Speaking of this scams, that's the thing I want to talk about today. Lazarus North Korea, Zac, XBT.
We didn't cover it yesterday, ran out of time, but I didn't want to talk about it today. But anyways. Anyways, Anyways, without further ado, let's get right into it. Can you dig it? Yeah, look, not a good day and we.
Skipped that part. We can detail all the reasons why, but I would say the main one was some expectation and a bit of a like a bit of a pump actually into the Asia ETFs, which you know, we've been talking about for a while and we've been very bullish on and massively disappointing, massively disappointing. I think it was only 1/2 day, but I think it was only 11,000,000 of volume across BTC and EAS.
So very, very small compared to the hundreds of 1,000,000 billions that we saw for the US Yeah, which is, which is kind of crazy I would say because, but it may, you know, it may just be a slow burner. They were very, very, very bullish about it. But it seems like that's disappointed. And I think you've just got to take up, take a step back a little bit. And we've been saying this on the show, right? Like Bitcoin still looked OK, Like it's only down 15%, right?
Or maybe close to 20% now, maybe, yeah. Maybe closer to 20? All funds were down 50 or 60% and at the same time, everything's still up a lot from this time last year. And I don't know, like I look at this right now and I go like, I'm not just going to be dumb, there is a lack of ETF inflows. Again, another ETF outflow yesterday, it's been three or four weeks of it and that's been the main thing that's driven the trade, right?
Like that's that's not fit kid ourselves like the ETF was the main driver of the trade and now that that stopped and the Asian I mean that may change the as ETS may change. I'm just not you know I thought we would bounce back strongly leverage has been low funding has been low and it felt like we're going to get you DEP infos again. They just haven't really materialized. People aren't really buying that dip. So I'm definitely more cautious on Bitcoin at this level.
At the same time, I'm not saying it's going to go down to like 20 K, but the realised price which is often where it bounces significantly to 58 K that would be the first point of reference here. Like do we do we hit that and then bounce and do I think we go to mid 50s, maybe low 50s and hang out there and consolidate there and then hopefully push on towards, you know the summer just have a bit of consolidation. I'm not, I'm completely realistic that that could be a possibility here.
I think it you'd be wrong to just be constantly, constantly bullish with with this sort of stuff happening. Now if if we'd had a situation where we'd continue to have ETF inflows, I would have said that we could just we could weather anything. But my my issue here is that it feels as though we are increasingly precarious to any macro headline and we've been been like that for two weeks.
Anything that happens in macro crypto dumps and then and no one really knows why it's underperforming so much versus everything else. And it's it's because the ETF inflows have stopped. Which just means that if macro has any sort of a wobble and stocks are not at all time highs but they're not far from it, I'll be, I'll be, I'll be a bit
a little bit more wary. So I'm, I'm just aware that we are not in the same sort of technical environment that we were for the last five months, four months basically. I guess there was a buying up into it beforehand. So like maybe we'd take five or six months. We're over the last three weeks, that's definitely changed and bitcoin's only down 10. It's only down 15% or now plus 20%. You can add emojis on charts now. Look at that. So it's also done 3X over that period.
So like, I just don't think you should be blind for how this can go down a little bit. Old coins is very tough. We spoke about that yesterday. Like you really need to buy ones, I think, which have had adoption because it could be
very, very painful. They're down 50% they can go down a lot more if Bitcoin goes to 50K be prepared that that that that could be that could be a nasty one so yeah that's where I'm at I'm definitely more cautious I I haven't reduced anything I've I'm like I'm not saying because I'm not I'm I'm been in spot for a long long time now at. Least I'm saying spot. But and spotting majors right only on Solano and spot. Bitcoin and spot. I sold my ETH and I've got a bunch of stables.
So and meme coins. Yeah, so I have a few. I have one or two meme coins, but. Yes, you have a lot of duck, right. Yeah, I have, I have AI have a particular Solana meme coin but but that's because I back, you know back myself on that. But the back how fun that that project is. But at the same time, like I'm not sitting here going like, oh,
I'm in a lot of other things. So and I've said that on the show consistently, you know, like this, this is a time where if you're in things that you don't believe in or haven't pumped or are in a bad narrative, switch out of them, get into something that even if it's going to be an altcoin get into something which had adoption.
This is that. That Asia ETF being a bit of a disappointment I think is was one of the, I mean for the whole of this year we were on ETF inflows, the halving and then Asia ETFs, right, Harving's just happened.
AGETF inflows have slowed for four weeks or three weeks and it's not looking like it's going to be 4 and then Asia ETF just slowed like I don't know if I was at 10 on the risk spectrum, I'm, I'm now more like 6 and if you go down to 50, I'd I'd be a buyer, but yeah that's that's kind of. I mean, look it, my quant was talking to me while you were running through, so I I drew some lines.
Already been you go the lines. So I I've been, I drew a couple lines here using Kraken Pro, you know it's my favorite exchange and yeah I work with them but but hold on, so I'm looking at here we could potentially head down towards the 1012 KS here Mando. So as you can tell here there was a bullish sentiment. So this is called the happy
sentiment. Red cheeks but there's green candles and then you know the crying sentiment emoji here with a downward spiral towards you know probably like 15 K 1st and you know go all the way down slowly chopped towards. I'm looking at $12,678.10 and then with and then and then we're going to resume the pump which which should land us at around you know 95 K but that's the first part of the pump so
round back back around to 100K. So you know, I don't know, I mean OV, what do you think of my, of my, of my chart here chopped towards 12K for next year and then July 2025 essentially, you know, eventually we start seeing a pump again and hopefully, you know, we can resume building in 2026. I think this, this, this price action reminds me of of May 2021. That's why I just tweeted like a few minutes ago, like I don't think we've seen. I personally don't think we've
seen. 100%. The top of the cycle I think we will, I think we will still see new all time highs on Bitcoin, ETH, Solana and many old coins before the end of the year. But you know just like anything really, not even any asset class or market or anything, just anything if something goes up aggressively it's due a pull back and we're just in that pull back now. So look, if you're if you're new to crypto and you came in here in March, you probably bought at
terrible levels and you're down. Like you know many people will be sitting there down 50 or 60 or 70% of the fact that Crypto is a scam and they'll leave. And then you're going to have that crazy rage pump that we'll see which is very similar to what happened in 2021. You know, we had that big crash in May 21, which. Is true. There was articles. It was April, right? I think, yeah, I think it was May. I think I think it was May. But I remember then like in May.
So I got into crypto like Jan Feb 21. So I remember in May I was like, fuck, like, yeah, I remember that. And I almost just sold everything left. Like I I probably would have done that if I hadn't quit my job at the time. So I think many people will do that. And then, you know, I think we could, I think we could see some good price action during the summer, but it could be a quiet summer too. And maybe we get it closer to
election time. I just feel like crypto is going to be in one way or another is going to be part of the election, is going to play a big part in it somehow. Whether it's just like Trump and Odin meme coins, whether it's, you know, one of the parties like Trump starting to change his TuneIn and endorse Crypt or whatever it is. Like, I think, you know, I think there's going to be more to come this year. And yeah, ETF gets projected probably next month, but I think it was good.
They're not giving up the fight there I think. So we could we potentially have a better headline then. So yeah, like, you know, like I said the other day, like we're we're lacking positive catalysts and good pieces of good news to look forward to right now compared to how we were six months ago. But I think that presents a buying opportunity. It's just a question of like where you want to step in in size or if you just want to DCA low. I don't really know.
Like I don't know. I don't know if this is it and we just bounce back higher and then we keep going higher again or if we have further to fall. It feels like maybe it's the latter, but I, you know I think we I think all these levels will end up looking very attractive in a in a few months time. I I agree with that. I think it's by by the dip. What it doesn't feel like is it's not the sort of to me it doesn't feel like this sort of thing.
It's going to immediately just drop to 50 because we don't have the leverage in the system. It's not like we just fall like a stone. It'll be this kind of like slight bleed out and then old all coins will probably have more aggressive moves. Like if we move lower, I think it could be, yeah, it could be like a more protracted move, but then I think you're just meant to buy that dip. Like I think The thing is you can come and go and show. Run out of money. What? What? Wait, what?
I genuinely have no money left to buy. I mean, that's been a while, though. It's been like at least a few months. But I try. I scratch usually. I rotate a little bit. I run out of rotations. I'm out of. I have nothing. I might have like $3000 in Bitcoin, but I'm keeping that for fees because the network's expensive over there. Is that going to make some moves? There's no money. I love you. I need to win a fucking roll bit spin at this stage. I may roll for myself Friday, you know?
I mean, you know what I you deserve. It actually, I think you deserve. It I'm rolling for myself. I've been betting on fucking sports, dude. OK that's actually. I'm eight for I'm nine for 10. In the last 10 bets, I may start a referral code like KB MI, don't know. I got my KBM sports betting arc soon and and get a kickback. You know, because we already work with Robit anyways, right? And I'm just kidding. But you're right.
Like, I'm assuming. I was speaking to some folks over there in Hong Kong who are in the biz, some of the folks you've met in Dubai anyways. And I was like, yo, how you feeling about the ETFs last night? So I was kind of asking them. One of them was straight up like, yo, this is just going to dump. Like he was like not even like he was like, listen, like I'm not going to sugar coat it for you. Like it's probably going to be a dump fest.
Like it's going to go lower. The market's not looking good and obviously that's one one of the big dogs I speak to over there, they're on the market making side of the business, blah, blah. Like they're like look at it's, it's probably not like the market's not looking great. So similar stuff as you guys are saying, it's like they're bullish as fuck. Like he was like, yo, I think I'm just going to keep you saying Solana for example, at these levels, but short term is definitely not.
It's probably a good time to not look at short term anything. And if you're buying the dip at a dip, buy it on majors, right? I don't think majors will buy the dip of the dip on like your latest meme coin, unless it's it quacks. But the thing that everyone is fading right now is blast. OK, let's go OV OK, talk about blast. And you know what? Let's let's use this as a segue towards like Egg and Liar and like their latest like points programs that actually all genuine.
Like, all the recent airdrops have been so underwhelming and you made a tweet yesterday and I actually texted. I was like, I think that's a good tweet. You're like, what if the Blast AirDrop ends up being the one that works best? You're alluded to going full D Gen. yesterday in a tweet of yours. Tell us more. But blast. No, I'm just saying like it's going to be a massive AirDrop I think next month. Depends on what you think FTV is and obviously what percentage of that supply comes out.
But just feel like in this environment where coins aren't doing anything, mean coins are kind of, you know, quieter right now and I think stuff will come back. But people are out there just chopping themselves up trying to do all these trades. But where you could spend that time like farming blasts. And there's like so many different ways you can do that depending on if you want to spend capital or not. And that's like a near term thing. Like the AirDrop is supposed to
be next month. If it's not next month and by the way, next month is tomorrow, but I guess it's it's going to be at the end of the month. And if even if it's not in May, it's probably going to be in June. So it's quite like a near term large capital inflow into the market where there's a massive pie that I think everyone could potentially have. A part of that I think is just still faded by like a lot of the market in my opinion.
Yeah. I mean people have chased things like I can layer and mountain all these other like big headline things and I actually think of blast gives out strong air drop. It's going to have a really good, it's going to be in a really good position to like kind of like take that away from this. Where is that money going once there's the AirDrop, if it goes well? That's a good question. I think a lot of it stays on blast because of the way Pac-Man and the team tend to create these ponzies.
Like I think you'll get like a slice or something in in season one and I think it will be worth a lot. And then everyone who faded it will be like, oh shit, like I need to get involved. And you know you'll probably have to stake your blast for some crazy rewards or something like that. So I think they'll they'll do the best they can to like prevent selling and keep a lot
of it on the platform. But I think it is going to be like Blur where like everyone was you know the NFT market felt dead and everyone was like oh like whatever, like Blur. It's not you know this all what happened to looks rare and they're like oh this bird is going to be terrible. So I'm not going to be worth anything. And then it ended up being like a six figure AirDrop for for
many people. And so Season 2, it just, it got overfarmed, like everyone was falling over themselves to try and farm it and and make this money. And then the edge felt more diluted and I think you could see the same thing happen here except Blur is going to be. I mean Blast is going to be like a much much bigger coin and ecosystem than than Blur is so. Money's calling I. Hate that? Well, how that was. Wing wing. Money's calling. All right, Well, that's something to pay attention to.
I mean, it's the last match. It's blast and frantic after this, bro. If both of these go to shits, I'm literally going on vacation two weeks, leaving my phone's in Canada. Nothing's going on. It is crazy. It's the last two men standing in the AirDrop meta. I mean, so yesterday Frontech was delayed to Thursday 'cause they said that they wanted to
add something specific. I forgot what it was, was the ability to like reward your key holders or something with your AirDrop or something like that it seemed. So that was they were like that's a good idea. We're pushing it to to to Thursday. We covered it quickly on the show because it happened really at the very end. So we kind of glossed over it. So friend tech, we're saying many of you have requested a way to share your friend AirDrop with key holders when you claim.
We think this is a great idea. We'll need some time, some more time to make this happen. So we're moving the launch to this Thursday at 10:30 AM Pacific Standard Time. Look at this stage we're talking $1000 A A, A a point. Like surely right? We're talking $1000 a point, yeah, for Fentech, yeah. Feels low. Right, OK, well, Obi says just in. Where's degenerate news when you need them? Just in OSF? Shit Coin Connoisseur says friend is going to open above $1000 a point.
Please please please so I can. This is, this is, this goes back to what I think about what's going on in the market. Who is the buyer of your AirDrop? Right now I was. I was thinking the same thing, I don't think. Who is that guy who logs on and goes, hey, I want to buy your We had them previously, right? Like when a new Binance Launchpad coin would come out, it'd be like an instant 5X. And that was the period from about May 2. Yeah, yeah, probably about then.
And then Jupiter was a little bit iffy, right? And then from then on, I don't know what has been a good AirDrop. No one's been the buyer of that AirDrop. They've all completely dumped. Maybe maybe one of them has has been around for for a day or two. And I think that I really like BLAST. I think it's a really, I mean you know we were talking about this before. So just put the other just to put it out there.
I think they do. They did a really good job of getting creating like native ponzies and had it. Too. Like they've done it right so far for sure. Like everyone on there gets what the game is and they love playing it because it's like gambling. It's like gambling. We want different ways to do it and who can get the most points to get up the your golden and I think that's really good. It's kind of like base but more D Gen. You know they've got some unique apps on there.
I think that's really good. But I do think it's got this like feeling about it of, as we just said the people on it love it. They absolutely love it. And the people off it think it's a Ponzi or think it's like it's, you know, I can't be bothered or like it's too difficult. And I think it's going to be more similar to Blur in that, you know, the number of users on Blur is not that many.
They were actually just, it was only a handful of farmers or farming amongst each other who took a share of a pie. But that pie got increasingly diminished and you got locked in to like keep keeping you had to like continue to do it, like keep your pie. And I think that's the thing with with with Blur. It's not. I don't think it's not that. I don't think the people on it will make money, which I think they will, but I don't think the
pie is going to be that big. I think it's going to be a smaller pie than what people think it's going to be because it's got that, like you either love it or you hate it or not hate it, but you're just apathetic to it. And you you think it's her. You have this like people who are just like it's a Ponzi. So yeah, Friend Tech is another prime example of exactly the same thing. Like we're all on here like hoping the points are going to hit, hit some sort of level, but who's buying then?
Well, I'm meaning I do not have any hopes anymore for any of. Any of any of these. Airdrops from desires. Crazy. Like, I don't think it's a complete disaster. You can't even transfer it right now. I know it's got like a 15 billion. The eigenlier one. That was another shit question for you. So that was a conversation on Thread Guy's faces. Yesterday I went up because I couple meetings cancelled. Like fuck, let me go see what the people are talking about in
there. And Thread Guy made a point. He's like my friends don't have enough money to buy our bags. The 18 to 30 year olds in Canada, in the wet in this, in Canada, in America, they don't have money. It's a fact. It sucks, but it's a fact. They may have money to buy $100 worth of whiff on Coinbase or whatever coin Pepe or to try and hit the lottery. Because we love Powerball, we love the scratch off lottery, we love betting, but who's going to buy it?
Do you like it's who's going to buy if the ETS are slowing down. We're counting on the 11 TF issuers. I think on Hong Kong stuff. I think we played it down earlier but like, it was actually not that bad. Right. In retrospect when you look at like the commitments. I also saw a tweet from from Balcones. I'll show you later to show the other side of the spectrum or like, it's actually not that bad. There is there was a lot of positives to to what happened yesterday.
But but you know who who who's going to buy our friend points or or egg and liar points and this and that. Like the wormhole. I was like, yo, I'm gonna hold this stuff because it's going to go higher the second I saw it. Have a red candle. The green candle. I sold it and I tippity topped it for the first time in my life, 157 And I'm looking at $0.60.
I'm like, well, I was right. Not because I'm a genius but there's no nobody else to buy a bridge And how many people are going to pile into a $10 billion bridge. Right. And so I just, I I think you're right. When when you make that point. But now let's go to the other side of of the conversation. Ryan Salkis yesterday said don't let Joe Boden shake your confidence. Q1 brought us some just some positive news dude, you know I I feel like the people need it.
Q1 brought US record stable coin market cap 160 billion, record developer library downloads 25,000,000 record active addresses and texts and and transactions scaling, scaling works. Record mobile wallet uses 27,000,000. I even saw like phantom, I think you replied to them like broke a record with like 7 million users or something and record institutional inflows for ETFs. And the other day like the ETF inflows were very big in Q1.
Whether we want to say or not, there's been a lot of buyers. And actually the other good tweet came from Suzu on the Hong Kong takes. He said volumes were relatively decent on Hong Kong crypto ETFs versus other HKTFS and we already talked about this. So it was OV that said it's not that big of a market. It was back then 9 figure inflows, securitization demand via in kind creation. It's no bazooka, but it will be a useful conduit.
It's like just so you all know like 125 million inflow would have been equivalent of 21 billion United States dollars of inflows here. That's what Balkunas was talking about. It's like 12 million you can do the math and and so those were some some some some news but also something else that Balkunas talked about is here's a a Hong Kong crypto test followers breakdown all toll traded 12.4 mil a lot for that market equivalent of $1.6
billion in the US right. So technically like that's the equivalent assets much stronger though the China AMC reporting $141 million in assets equivalent to 22 billion in the US with 121 million of it in BTC and 20 million ETH. So at ETH grabbed 14% of the ETF inflows in in in Hong Kong over the last, you know, since it opened last night here. So I thought that was some interesting stats. I don't know what you guys think on that.
We don't have to go over it too much, but it's not like it's all grim either, right? Like these are pretty positive and I guess it's good to see what ETH captures, right? Because we don't know here what ETH would capture. No, we've had a wildly successful quarter I think. I think what's what Celka says is very, very true, but you have to admit that it's backward looking. It is backward looking right now.
Like the TBL stable coin TBL has been going up but then did did, did go stable probably a couple weeks ago now and then you've had ETF outflows. So it makes sense to be to take stock of stuff like I think crypto has come so far in the last few months and I think you should always be like I don't think there's a better asset class out there to buy on a on a dip than than some of these majors.
But that being said, like we can't just come on this show and say every single day we think Bitcoin's going to. No, but it's not. Yeah, like I think we've got to give a give a where we are on the one to tell one to 10 short term bullishness. Obi Obi moved the goal posts back by a few by 1/4 or two now. Yeah, I'm not. I'm not. I'm not. You too. On the on the bullishness scale for for Bitcoin right now, I thought Bitcoin could go to 100K in Q2 just like Ovi thought as well.
Like, I really, really did think that you. Still think that? Yeah, I think I do like it's not nothing is out of the question, but when you've had four weeks of outflows, I'd like to start seeing some inflows again or yeah, things could get nasty. So I'm not sitting here waiting to buy the dip. I think I'd rather wait to see if we get some inflows for a few days and we start to stabilize and then I'll look to buy the dip up.
The great thing about these ETFs is, yeah, they can be slightly backward looking, but they're backward looking by a few days. Like if you start to see stability in those, in those outflows, I think I think you could look at buying that dip. But yeah. Larry Larry stops buying. Haven't like they haven't. There's been four days without an inflow for BlackRock. You know what, Larry just wants to buy it lower, though. Think about the. Exactly. Think about the PSYOP guys.
Larry can't keep buying higher and higher and higher. Larry at some point needs to get some pull. Butting our bags for entry, yes. Comfy and spot with grails in the vault. You know those classic things they say in like a in the Telegram chat when the price is going lower, like, Oh yeah, yeah, whales are selling for entry. We can't.
Enough. Yeah. The I think the bullish stuff that I've seen is that Morgan Stanley, all the big wealth managers are now starting to turn onto Bitcoin and they are huge, these big wealth managers. So if they start buying or subsidy inflows, that's what I'm really bullish on. I'm bullish on potentially more sovereigns getting involved and buying. But again, like that's maybe who Mr. Mr. 100 is, We don't know, but it would be good to see a few more instances of that.
This cycle has not been a big adoption of users, but it would be nice to see maybe some more users coming in for maybe an app or two. And then I think the the the final thing, yeah would just be the if we start to see the ETFs around the world, all start to see more influence. I am genuinely really shocked about the Asian. Like I really did think they would. They were going to absolutely smash.
It well, on the flip side, something that obviously I talked about that one, it was like during that week where you were away like we were talking about the Hong Kong news and we were like, well, isn't the crypto industry so tapped in already in Hong Kong, in Asia, Like they have all the exchanges over there. So you'd figure that they already like the big rich dogs like over there. They cannot have exposure to like like the biggest exchanges are all there, right, Like finance.
OK, X good coin. Fucking buy bits. Smaller market is. Not bits. Yeah, like all involved a smaller market. I didn't. I didn't. I was surprised that we rallied on it, to be honest with you, but I don't. I think it was. I was the last pump before the summer OVI. Think it was. I just think it was like market market manipulation really. I just think people are so like fidgety right now and retail scared.
It's so easy for someone to come in like buy a load and push this like ETF thing and then just dump all everyone like I think. Yeah. Look, OK, hold on. OK. OK. This is this has become way too bad for me. OK, OK. I can't. I can't do this. All right, That's it. That's it. All right, there's 3000 people listening right now. I know a lot of y'all are here for the Robit spins, but listen to us, OK?
And follow FOMO Hour Push Robit, because you're not going to get selected unless you follow FOMO Hour on X and Robit and you have to be on the Twitter spaces to come and win. OK. Anyways, in other news, I mean, we didn't really talk about Egg and Lyer. It's amazing. Wow. What do you think of this? Like it sounds crazy to me that like you allow people to farm with the VPN and when time comes, push comes to shove you don't allow them to claim with VPN. And the other thing is not
really 5% to community. I believe it's 15 but still. So your thoughts on that And then of course like I thought it was ironic that all the Big East maxies on Sunday night, actually Kobe's the one who pointed that out are all like big week, big week, big week. And then literally the reverse of the big week happens. Like it couldn't have gone worse. It literally, the sentiment around this AirDrop couldn't have been any worse than what it is right now. How did you guys make of this
whole thing? And are we bullish on this or not? Like, I don't know, man, Sobey's calling it the future of the planet, but obviously I'm sure he's, you know, Sobey's got bags. He's got bags and everything. What's up, man? What's up with this Egan Liar thing? Well how how do you make it like this? Like and proven the USA is going backwards on their laws because they it's because of the laws also not just because of the Egan Liar. The people can't fucking do
anything here. Yeah, I think it's it was a disaster, it was just another one of these sort of disasters. It firstly got deployed for the Tokenomics, so it is 15% but only 5% on this AirDrop which is relatively important. It was not transferable. We've seen this a few times with recent the safe AirDrop for example was non transferable, but I wouldn't have expected that for this one which was so
hyped. The team and obviously investors got I think 50% or more of the of the tokens and they are they are able to sell them. Oh, so those are transferable. No, I think they can vest. They're already vesting basically. So when it when it comes to them being transferable, they'll be able to sell them straight away. And yeah, the the, the, the BPN stuff, I don't really know about
that thing. Like I think that's the obviously the laws have changed fairly recently or at least like the the amount of enforcement on on different things has changed really recently from the SEC like we're we're facing an an ETH meta mask and a bunch of different wallets got got. That don't blame them for that much, because you know, the USA is actively like running a war that was not. That was not great, but like, I think I can understand their
position. But yeah, the other stuff is just, it's just another disappointment. It's just another disappointment I think. I think also so many ETH bulls were so bullish on this two bullish and we just kind of needed a win. I think maybe Blast is going to be that win. You know what's crazy is I'm starting to think that Blast is going to be that win. Like, I genuinely agreed when OV
tweeted yesterday. What if I saw it before I even talked to you and I was like, I actually started to think that. I'm literally starting to think that and the other side of me wants to put half My Portfolio in fucking Bitcoin. But I can't right now because Solana got wrecked so hard. So it's not worth rotating though. And I'm also Uber turbo bullish Solana this cycle, so I don't give a shit per SE. But like, I don't know man, I flight to quality. I just want to be comfy in
Bitcoin and Bitcoin ecosystem. But I don't know, I've been been talking about this for a minute and and I really like it. Like on the other side you have like RSICE. That team is fucking. Actually, you guys would appreciate this. You guys should look at the distribution and how RSSC did the token distribution for their route and everything. They actually launched on day
one. They paid half $1,000,000 to deploy and they did it and look at why they're ahead of the curve right now and they're doing everything properly with OK X and everything. But I don't know it's damn, this is, this is, this is crazy. Why is someone saying I want to spar with OSF so bad? Who's this? I don't know Protocol G This guy's got a Jake Paul PFP. It's Jake Paul. It's not really. I mean it's Jake Paul, but from wish.com. I can connect you if you really want to spar with him.
But I think he's pretty good at. I mean he's I'm not going to lie, he's he's kind of oh, wow, OK, that's him. Would you spar against him? Yeah, why not? Maybe that's not him. Republic of Belarus. Anyways, point being back to what we're talking about. The Egan Liar thing was not great. People needed to win Coin Mamba went in though. OK, that guy was that guy was firing off tweets yesterday. I mean I don't know if he has followed what Mamba was saying. The motherfucker went in on them.
He said. So Egan Liar team and investors are getting 55% but stakers are getting only 5% and even that will not be transformed at the beginning. The amount of greed crypto developers and VCs are exhibiting just keeps surprising me every time. So there's that and and he just, he just went on it. He just went on it. Apparently this is how the Tokenomics look like. It's it's not great. It's really really not great actually.
Ansem had a tweet yesterday saying like, yo, So what is the consensus on, like what tokenomic structure works out? I'm studying that tweet trying to see like what what the best way to approach these things are. But so far it seems like there's not like a general consensus either in the industry and a lot of people are just trying different things and it hasn't really hit. So taking notes, studying, and I hope our foundation is taking
notes as well and studying. Anyways, in other news, what's next? And then we're going to pick the winner soon. So get retweeting. There's 400 people on space. There's 3200 people watching us live on video. Just so y'all know, we stream every single day 10:30 AM Eastern Standard Time. Though that may change in a little bit, A little bit every day, Monday and Friday. And it's a fire show. You sent this this morning. Mando Consensus lawsuit.
It could take yours. Obviously we'll take yours, Not could. What does that mean for my bags? It means that crypto could be in that in kind of a limbo, or at least ETH could be in that limbo, the Bitcoin. Will do very well. So bearish this morning though. God, I mean, has the US really been that helpful for crypto for
a long time, like. Literally seven years without the US. Finance Coinbase, Cracken, ETH, every single D5 protocol wallet providers all to court like it's oh they haven't called it to security like I think I think what you really need to see is wholesale change in how the US used crypto speaking. Of that, the sentencing is today, for CC it's April 30th. So there was one thing.
Remember when we said, like, at first they said 18 months, but then they went for three years and we were like, whoa, that's weird because they went over. I read that the reason they did that is because he, he was not able to appeal a sentencing of 18 months and under. But since it's three years, he can actually appeal that. So thankfully, it could be a little better for him. But maybe a lawyer can correct me if I'm wrong, but that's what I'm getting out of it.
So sentencing for CZ is here. You know free CZ4. So, so free, free free. Our boy over there. I know we're streaming live of Binance life. Make sure you follow us on there too. Anyways, there's that. That was in the news. The good news was Phantom hit 7 million active users. It's not bad monthly. I'd like to see that. Obviously that was doing really well. Stripe now supports Avax. You guys were talking about Avax yesterday as a as an L1 that you know you were saying that Mando
that could be a good one. And then on the NFT side look like we don't have much much to talk about besides the fact that we rolled back the CC0 on Moonbirds. Are you guys buying Moonbirds? No. What? You're not buying birds. Wild what happened there, right? Like the the I don't really care. I feel like the people who are really like aghast of the CCO thing about moonbirds are actually. No one was building anything with Moonbirds IP. Exactly. They just they just want to bash you guys.
To be honest, I don't give a shit. Like no one was building anything with Moonbirds. CCO. Yeah, OK, OK. Maybe they're trying to fucking, they're trying to fucking save your bags. All right, I I just think I see a lot of people who aren't who aren't Moonbow holders and just have been consistent yoga haters than going after yoga for. It's everyone, right? It's like it's always like that.
I. Think it's a smart move by then and Moonbow's rallied off the back of it because I think people recognise that it needs some direction. CCOCCO just didn't suit Moonbirds. It didn't have a, it didn't have this. Like we have CCO and rec guy, but we have like an engaged community and like community leaders who love doing this sort of stuff. And we've also got rec drinks as well, which is like something cool to even that we're doing with the IP. Moonbirds didn't have that in
any way. There wasn't they gave you Fanny packs and there was like very little community cohesion. So I didn't get to. I kept my Moonbirds Fanny pack to remind myself of the loss and also because I think it's going to be a cultural artifact. One day I gave on to my mom and I kept one. It's some it's in that drawer. Thought you'd like to know that Moonbird's looking really fire though. But but it is what it is. So you're going to need a character, a character that you
own. Starting today, Moonbirds will join the Mythics as a collection with commercial rights. If you've made stuff during the CC0 era, cool. But from now on you'll need to own a moonburst to keep doing so. The thing is with the laws, you can't in the USA like go back on CC0 but if there's like art upgrades, blah blah blah blah blah blah, like you can or there's like just a there's a way around it and like to everyone thinking like yo, can you do that?
Do you really think Yuga Labs would have done that without looking into it, you know, whether you like them or not. Like it's kind of logical that they would have looked into it before rolling that back. So at least they're doing something for Moonbirds. They said much better hands than it was before and I'm saying this as a no holder. I do not own a Moonbird. I've I've booked those tax losses in 2023 or 22. The summer of I think I forgot anyways. So that was that.
On the market side for NFTS, there's not much going on board. Apes are back down to about 13 eighth and 2 1/2 Izuki's. That's Izuki's doing well because obviously they have like the anime coming out, they have the token coming out, they have a migration, they have anime chain, they have a lot of stuff going on for them. So that's doing pretty good. It's 5 eighth and the rest of it, I mean, my ladies are doing great, It's 5/8, That's why I had a whole fucking bunch of
them on the rest. But anything else is down. I mean, my Bitcoin puppets are down to .26. Bitcoin node monkeys are down. Runes across the boards are kind of down aside from .25 besides Rune Stone and and the decentralized one, which is from the Rumble Kongs, which was the big one. That's so funny. And then and then that's really it. There was an OMB that sold for a quarter $1,000,000, which is pretty cool. I got to give that a shout. I think the art is fucking sick on that.
I saw a man report on that. There it is, this one for Bitcoin. So it's pretty cool, right? If you get the historical reference, which I think was pretty nice given the Bitcoin, HKTFS, all that stuff, pretty cool. So that was that. And then that was they have a hoops league that's sponsored by Gatorade and then they they launched a whole ruin on with rumble Kongs, the decentralized ruin, this one.
Number two. So that's actually room number 2 that they have and they launched the stuff on it. So I did about six $3.5 million in volume RSIC dock to the moon, still the top ones, as you can tell. I also have room prices here to show on the screen if you want to see them. So it's really dock to the Moon right now that's leading decentralized second and RSIC 3rd and that's that on that front for NFTSI mean the bleak continues across the board. This punk sold for 105 ETH.
I've got to say it's probably the ugliest hoodie punk I've ever seen. But hey, it's still a hoodie. He's still comfy in spot, but 105? That's pretty low for for a hoodie. Spirit of Zucchi sold for 70. ETH on the On the flip side. And that's about it. So bearish, bearish show today, but but it is what it is. God damn it. We'll be here. We'll be here in the bear. We'll be here in the pool. All right. Y'all.