How are you doing OSF are? You Are you going to have a new video? I'm. Going to try and sort it as the show goes on, but yeah, I'd rather just go live than have to listen to that music one more time. Like dying inside. I know, I know the feeling. I felt the same way. I'm doing. Well thanks. How are you? I'm. Going to have to do a very short show unfortunately today because then we have a guest and we have Robit coming on.
So Farok again is away another week Jolly we'll get straight into what's been going on in the market, what how you feeling today? What have you been doing over the last 24 hours? I feel a bit unsatisfied. Is that the right time? I feel a bit unsatisfied with the market. Like it felt like we were really going to pump and keep going yesterday and then we just cut it short after the Robin Hood headlines.
So it just feels a bit disappointing, but I guess compared to the levels we were at this time last week, it's, it's good. But you always want a bit more, don't you? Yeah, it. Does feel like a little bit of a disappointment, doesn't it? Like we've come slightly lower in Bitcoin and everything. Actually, the only thing that held up really was Solana over the last 24 hours, which I think is slightly higher, but pretty
much everything else is lower. In fact, even on altcoins like pretty much everything was lower. So we're definitely at a weaker A weaker few days it feels like or a weaker 24 hours. We did see a big inflow again on the on the Bitcoin ETF it was fed 600 million since that big outflow day, which is going to be a big, big reversal compared to the the last few weeks. So nothing really that says I think we're going to get absolutely hammered.
But it was interesting to say interesting to see that Bitcoin didn't really, it didn't really get to producing a higher high. It's kind of fallen short and now it's just like hanging out or having just hit a lower low. It maybe has, I think it has another test down towards 60 area and then we work out if we're actually going to properly rip back or or maybe even head lower again. What do you think?
Yeah, feels right. Like I think we've just come back from pretty, pretty brutal collapse, maybe the wrong word, but pretty brutal pull back in crypto. So for us to just be up only from here, I think would be pretty difficult I'd say. So yeah, it makes sense to, you know like having been at 56, what do we get like 5657 K for us to now range between let's say 60 and 63 is not a bad result I think. And then let's just hope for the next breakout. Yeah, it does feel, but that's
not really what I was asking. I was asking about what you've been doing. Like it feels as though you've you've you're fully into the fantasy top shit over the last over the last 24 hours. It's it's really broken out as like the one thing that everyone on C. Oh, just me by myself again. I guess Mando was going to ask me about fantasy top, so I'll try and ramble about a Fantasy
Top until he comes back. But yeah, that's the thing that seems like it's taken over most of the timeline in the last few days. I think the trade there was to actually buy like the lower priced floor cards. A lot of these floor cards were like 0.00, five ETH or something like that. So there are just like 10s of bucks if not hundreds of bucks. And a lot of that stuff is now done, like 5-10 X moves and oh you're back, you back. I think I'm back. Yeah, let me.
Just for some reason the camera isn't working but. Just up to. Just audio then today. Yeah, I was talking how. The truth. Huh. You've been making some money, it seems like. I got quite lucky because I I mean I just spent, I just felt like fancy top felt like to me what the beginning of friend tech was. It was like a lot of people fading it. Not many people involved, but some pretty smart people who are on it. I think.
And every, you know, when something, when a new asset launches or a new asset class launches, there's all these missed pricings at the beginning. So I think there's a big opportunity to begin to like buy random things. I bought a lot of random things and some of the stuff, you know, unchanged and went lower. Some of the stuff I made some good money on. But like my thing was to like try and buy the like blast specific and fancy specific content creators.
I bought a lot of like this guy called Wardaddy, but I bought. Because we might have them on wrecked radio tomorrow. Yeah, he's, you know, when we played the football tournament in New York at the team that won, he was the keeper for the team that won it. He was a keeper for the team that won it, yeah. And he's like a pro keeper. I think he was playing like he was playing in Mexico for something like that. Oh wow.
I think he, I think, yeah, I think he used to work at Proof and him and this person called Jen have been creating a lot of content around Blast, like informational content for a while now. So his legendary cards are just priced at like 0.9 ETH. And I was like, that just seems like a good buy because you know, he's going to be, you know, when people are like not existing influencers and they're kind of like new to the game, they just have this different hunger compared to everyone else.
And especially on something like Blast where it's a brand new thing that's coming out and lots of people have stepped on it, you do have an opportunity to like sort of like be big in that I think. And that's what these guys have done and realized. So yeah, I just bought three of his cards and I bought them all for one ETH each. And then I sold one for 6.9 ETH yesterday, which is pretty cool. Made me feel it like, not like, not like an idiot.
Is that the trade now still then to buy like these like mid level influences, what's the trade basically which what should people be doing if they're going on there right now? Yeah, I don't know. I think a lot of those, a lot of them, those trades have played out. I do think you know people have been talking about how some of the common cards and the floor cards are still cheap because they're likely to mix up the tournaments they do.
So they may not just do like all in tournament, they may do a tournament which is just common cards or just rare cards. So it doesn't make sense to have, I think have a big squad and obviously if you buy five or something you can always upgrade it to the next tier. So I don't know. I think the I think the easy trade seem to have seem to have gone now, but I've been trying to think, you know there is this chance where? It. It's the question is like does this go parabolic or not.
Like do you do you start seeing like 2021 NFT prizes for some of the rare stuff that gets you a lot of points each round? And I'm not sure like for example could you see like a Greg or an Ansem card trade at 100 E for example. I think a lot of that depends on how the rewards are allocated in this tournament and future tournaments. Like the last tournament, the goal was allocated kind of just
uniformly. So even if you came first, you got this basically the same amount of gold as as someone who came like 50th. And so there wasn't like a huge amount to win from coming first or even top ten. Now this tournament can change, we don't know, but there's 220,000 gold to be allocated from this tournament. And I think if the top five or top ten prizes do get a big chunk of gold, then you will see some of these rarer cars, more
valuable cars, trade up a lot. But it really depends on that because no one is going to buy them if you can't win much gold from actually winning, for example. So they're not going to put in that much heath. Right, right. Yeah. It feels to me, I had a look at it. I was like if it does go parabolic in mix, it could. But there's there's now going to be an inflation of of cards, right? Quite a big one.
Well, cards are actually deflationary at the moment because people collect five and then convert them into a higher tier. So, and I think as as of another deflationary, but I think they're going to add more heroes to the competition. So like the cards in existence I think are deflationary, but you will have more heroes to choose from. So the total number of cards would increase, yes. I thought they were also going
to give Heroes cards as well. Yeah, apparently they are, but I don't think that's going to be too much. Like, I don't think they would just like give heroes like a shit load of cards. Again, it doesn't make much sense to me, but I don't know. I think they could. Do and the payouts have been decent, it looks like. It looks like something like 1.2 million. Yeah. Like the top, top payouts I think were six or seven ETH, like I think I got like 3.8 ETH
or something like that. So it's not bad. I think you're going to have the ability to to distribute your payouts to your card holders as well. So yeah, it's pretty like, yeah, the the other thing you have all this stuff you have, you've had the payouts, you have the gold. But remember you're also accruing stars and and fan points and my assumption is you'll have a token at some point as well. And that's the thing I think that's the thing I think that's you're really playing for here.
Like I doesn't, I mean there is some good goal to be one and but it depends how they distribute them. But if they just, if you get you know a good token from based on your past winnings and based on how much you spent or your portfolio value or that kind of stuff, that's something that I think could be worth quite a lot actually. And that token, if they're able to launch it before blast launches or the jackpot still going on, then you you'll be able to use that token as jackpot entry.
And they've said Pac-Man has said that new tokens have a higher probability of winning the jackpot. So if there was ever a fantasy token in the next couple of weeks or two, I think probably not. That seems very soon to have a token. But if there was a fantasy token, that would be right up there in terms of winning the jackpot. And you know, fancy cards have already won one of the jackpots as well. Anyway, so.
Yeah, yeah, that's makes sense. So unlike Friendtech where it was literally just a bonding curve and people got paid trading fees, right now you've got, you've got the token, you've got that them having a token, but you've got the blast token and you've got gold, I guess. Which is like lots of ways you can you can hedge your bets just for like people have been looking for Ponzi's to play over the next month in Blast, right? Like this just feels like a good
one to play because it's fun. But yeah, a lot of it. I think that's the thing I would say about Blast. Like most of the games and Ponzi's and where you can farm gold are quite fun. It's not just boring shit where you're like stake this and trade this like there's actually like fun things to do which makes it bearable. I've never really farmed anything before because it's just so boring and mind numbing, but I've actually found try, you
know, my attempts to farm gold. It's actually been quite fun. So what's? So this is fun. What else is fun? This is fun. I think District 1 is really fun. God, you tell me there's another discord. I'm like kill, kill me now it's not. You just got to just got to try it to understand it, you know? I saw that post which I posted to you as well, which is like there's been a big shift I think towards Telegram recently. And I saw Kook said you got to be you got to be on Telegram
now. And I think I even saw Frank posted that, you know, he might move their community to Telegram, which I'm. I love Telegram, I hate Discord. Maybe I'm just. I'm too simple for Discord. Like Discord feels like like a message board, almost like it's way more difficult than like a chat. But yeah, you're you're big into Discord. You think you think it. You see that shift happening?
The thing about Discord is it's pretty organized, but so is Telegram. Like in Telegram, within a channel you can have within a server if you like, you can have different channels. And the experience on your phone on Telegram is way better than the experience on your phone on Discord. And there is no Discord being a little bit overcomplicated. So yeah, I can see it. And Telegram, you know, I mean, they're both pretty open source, You can like do whatever you want with both of them.
But yeah, I don't know, I think I'm happy to use both. But the annoying thing about Telegram is it's just so like spammy. Like I've had to create folders for different groups on Telegram and which means I don't read like all the other groups, I just found it very like. Whereas Discord I can actually kind of tailor the things that I want and not want much more easily I think.
Yeah, I don't know. I I feel like Discord's Discord and and because it's not really that crypto friendly either and and Telegram's like trying to be like super crypto friendly isn't it But we'll we'll see how that goes in terms of like specific news in crypto over the last 24 hours you heard gens are coming on again this morning basically saying that crypto's all a big scam. I don't think there's anything particularly new there. As we spoke about, I think you
saw Solana outperforming. Most of the things are lower. I think we're they've kind of been heading lower as U.S. equity started to open. In terms of, I guess we spoke about the Robin Hood Best SEC thing, but I don't, again, I don't think that's really generally that surprising, but it looks like they've also delayed another ETTF. So I don't know, I just don't think that ETTF is coming.
The other thing I saw which I posted today was that Pump dot Fun is now making more money than Unilabs. Sorry then Unispop. Unilabs. Then Unispop, did you see this? I did see this. Yeah, that's pretty wild, isn't it? I see this as crazy like this. I just do not see a world in the future now where this isn't just a trend which just becomes bigger and bigger. Like the idea that anyone can go on. Yeah, it's a casino.
Yeah, there's tons of rugs and like, I think some like 90% of the coins will just go to 0. But it is. People are just all over this thing. It's it's reached Reddit as well. Have you seen these like, really cringy Reddit posts about how people are making, like 100 bucks on Reddit? The Reddit crypto community is perhaps the cringiest of all the crypto communities identified like it is so departed.
There's so much more PCI would say than like than crypto Twitter. Have you seen some of these? No. Sisyphus put one out earlier, which just made me laugh. But yeah, I I feel as though pumped off Fun, man. I know I've had experience with it, but I just think this is meme coin dominance is only going higher in my opinion. Like we're just now that all this vapourware like people prefer memes to to most of the
altcoins that they tend to find. And now that anyone can produce one and that there's just like fun of, you can be involved in the token creation rather than watching it go to 100 million then you kind of miss it. Yeah, I just feel like these coins, this is, this is don't sleep on this. I can. I can really, really see this becoming bigger and bigger. Do you, do you think there's any like regulatory issues with pumped up fun, like the opportunity to come on and be a token?
Yeah. Well, there's no taking in of capital, which is normally what people have issues with when it comes to securities, like you taking in capital and promising a return, right. That's what people would call a security. So I would say this is the prime example of it not being a security, which is why I don't think there's regulatory issues. There's no expectation of profit the the actual developer hasn't taken any money in.
In fact they've actually only paid for the initial fee and I believe the contract is owned by pump dot fun like so I don't think so but knowing in the US probably like you know they'll call everything a fucking security. But if I was to pick anything that wouldn't be a security I would say pump dot fund takes all the the things of saying how could you call this a security. It's like there's no team
working for your bags. There's no there's no taking in of capital there's no pre sale there's there's like nothing about it which would indicate that that it would be. So you know, I I actually think that's the beauty of it. It's of memes in general at least memes like this that they're not like that. If it was a pre sale and you said you're going to do all this sort of stuff and it was also a meme point at the same time, you could argue that that's a security, right? Yeah, yeah, exactly.
But not not this because yeah, it's it's it's a slightly different situation. So I think this is like, yeah, I mean if you ever spend time on it I see, I I keep on seeing like people having all these different strategies to like to like make money on it. I do think, and I even said this to you today, like we need to spend more time looking at this stuff man like that people are are printing crazy runs on some of these on some of these coins now.
And like all the recent coins that I've done really well apart from I think like MEW was the last one, which is like Philly Cabal but like all the recent ones kind of have been pumped up. Fun Coins feels like they're all this is where shits all. Seems like you can create your own. Like before, if you wanted to make your own cabal around a coin, you'd have to get a dev
and there'd be some hurdles. Now you just you find like 10 people who are all whales, or not even whales, just 10 people who are willing to spend a bit of capital, make something on pumped up fun and it goes. Yeah, that too. I mean, you'll see some gaming of pumped up fun coins as well, but I don't think it's as simple. That's what I would say as well. Like, yeah, it requires because it's a bonding curve and because it you get a lot of people like
scouting it every single moment. It's not like you can you can create it in secret, like as soon as as soon as it's created a ton of people think can come in and buy it. So your ability to like you have to be incredibly quick and organised about gamifying it. And sometimes I don't even know if that would work itself. So I think it's more difficult even to do that sort of like cabal stuff.
But most of the coins when they when they like game that they rug them, they kind of take them to like 75 K or just above and then they like they sell. It's funny like once it hits that 75 K threshold it's kind of seen as like a sell the news event. It's kind of hilarious unlike other things where it's like Oh my God, it's going on like once it hits that 75 KA lot of people just be like Nah, this isn't going to make it and then they all sell.
So like most of them die at, like at, at or around 75 K because that's when it they move off the platform. But I think they've got some plans to change it. But yeah, that was just something I saw today. This hammy token, which I've posted to you a few times actually. Wow. It's down. It's down like 30% since I posted that hit. That hit 80 million, which is
now that was a 20XI. Don't think that was pumped or fun, but that's that's like a popular tick tock meme, which seems to be blowing up. And then pack moon. It sounds as though like they're the the gold inflation is going to go even higher, right? They're they're putting even more into these lotteries. So I think I saw today that Punk 9059 said that he wanted to he's probably going to revise down his estimations for blast gold because of the blast inflation.
Do you see this? I think they're not. They didn't change anything with regard to how much gold has been put in there, but I think he just revised it lower because. You said gold dilution looks bigger than I thought. Jackpot was adding 100K new gold per day on launch. It looks like it's now adding 300K per day, which equates to 9 million gold per month. A lot more dilution than I factored into my estimates. New gold estimates coming?
I don't know if that's necessarily the case or not, because the jackpot was one for the IT was 1-3 days ago and then it was 1-2 days ago and then no one won it yesterday, which may be why the reward pool was higher. Yeah, if. That makes sense. Yeah, I don't, I don't know. But if it goes high and it's based around that lottery, it does feel like PAC Moon could win a lot of those lotteries, right? So maybe that's what's causing the bid on PAC Moon today.
Yeah, I think, I think it's just a lottery. So it's not like now that PAC man's won, it can't win it again. And it's not like each project is going to win, win once. Every project has a probability, and we know that, he said. Tokens like ERC 20s have a higher probability than NFTS. Tokens with better distribution have higher probabilities. Tokens that have a big social presence and engagement and Twitter District 1, all that kind of stuff, have high probabilities.
So like Pack Moon is one of the only things that ticks all of those boxes. I would say there aren't really that many actual tokens out there that are up there like that compared to Pack Moon. So I think that will just continue to have the best probability. One thing they did say is like new tokens will have high probability. So if Fancy ever has a token or maybe another DAP that gets popular has a token, then they would maybe have better probabilities.
But I still think Pack Moon is going to continue to have the highest probability, and I think you will see another win, if not more wins there while the jackpot is open. Yeah, I think too, too. I think the the fact that the lottery is becoming bigger, it's just a benefit to Pac-Man right. They want that to be a successful coin it feels like. So that one's going to do decently. Well that was. I mean we saw a a stronger day
in AF TS for sure. I've seen board eights go up to like 15 D Gods continue to rise, pudgy Penguins continue to rise. It was you know some of the older projects all had a slightly stronger day. There was that crazy 2 million AIP for Eight point Dow, but other than that I didn't really see any specific news other than people just kind of not as bearish on Afts, particularly board apes.