Oh, yo. What up? What up? Good morning. Good morning, G&G Friday. Woo. It's Friday then. Oh yeah. Oh yeah, Friday May 17th, 2020. Look at that. Another beautiful day. To have a beautiful day. I got my Co host to the house. Tyler. Tyler, good morning. How you doing today? Happy Friday. Happy Friday. It's Friday. Markets have been green this week. The sun is shining. We're feeling good today for all. Dude honestly couldn't have asked for a better Friday.
Like you said, you know sunshine on the East Coast and we're both pretty much E coasters. You know, sunshining in Montreal. I'm assuming it's good where you're at in Chicago and and and you know we're we're vibing. We're vibing. The weather's getting better here. The I mean, the price of crypto's definitely pumping. Love to see that I have just one laggard on the West side, but it's OK, it'll catch up.
But besides that, you know, my Solana, my Bitcoin, the Ruins, the NFTS, even Heath, even Heath, everything's everything seems to be pretty doing pretty well, and I'm sure we're going to talk about that in a minute. So things are going really well and you absolutely love to see it on a Friday. And now we got not one, but two fantasy top tournaments running at the same time. So we're vibing.
We're deathly. Vibing we're vibing one of my favorite moon boys in the timeline is calling it the bears last stand on Pepe and with so this is this is the last battle I'll I'll have to find it back I don't I don't have it pulled up but this incredible call out we're we're gonna breakthrough this final bear wall and then things are gonna absolutely send and then yeah we've got excitement all day fantasy top main tournament 2 coming to an end and then two new tournaments
are kicking off. I love that. Who's your favorite moon boy in the timeline I need to know now? Like. Oh man. Was it theorem Damien? He's definitely up there. It's it's the whiff boys. Some of these whiff boys, they they just do not stop and they both. I mean I just found one of them right now because I googled like I just searched on the X like Bears last stand, Pepe Whiff and this is like an incredible timeline.
I'm going to follow them. They're pudgy Penguins so I feel like you know pudgy follow pudgy. Anyways, so got to follow them. Which anyways leads me to today's topics. Today's show today. Today. Because actually Penguins are part of that. Yeah, same. I actually love St. Pomp, personally speaking. Really. Actually, I would love to get him on the show. I wonder if he's dogs or not. That's someone I really like to follow up my notifications on
for him. Anyways, today on the show Today today, Danny, marking report as your crypto macro, etcetera. Oh and look. Running back, running back. What's up, Mando? Good morning. Happy Friday, King. What's up, boys? How we doing? You had me riled the fuck up
this morning. I woke up like really early because ever since I'm back from Hong Kong been wake up like 530 and but I went back to bed this morning I didn't actually get up but it was a re woke up at 7:00 and I got I had texts from Mendo 353 in the morning and he was going off he was going off on the on the in the back end and y'all saw his his tweets on the front end and he got me riled up this morning. Man you had me wanting to get up and run through a wall.
I don't even know why I'm having coffee. I even need that. Boy oh boy, did you have me excited. One of those mornings, right? I just had enough of it, just just just so many mid takes out there and it just felt like it was obvious. I don't know. I've been feeling that for a while. But it's become more obvious this cycle as we, as we've turned from a bear into the bull cycle that, I don't know, hold that luck. I just feel as though, yeah. Hold that thought right there.
Hold that thought right there. We're here. Topics. Yeah, hold that. Because I'm only need that energy. God damn it, dude. People who started Mando right now in the Commons Only tournament are probably euphoric. I mean, the man woke up and chose violence against the old guard like he's on a mission against the old guard, you know what I mean? Like, he's like, all right, I'm putting, you know, I'm representative of the new folks around here.
I'm going to show them how you trade, show them how it's done. Right. Anyway, we're we're we're out here bull posting like crazy though you'll notice that Tyler. But I know, I know you're one of us because you do the same thing already. Meadow OV and I, we make it a mission to just bull post and times where it's like doomer on the timeline like it was like that during the bear market which is bull post. But what's good is that you're
like that already. Your fellow Perma Bull, I can tell Been following you long enough to know that so. So any of my fit in well but no one cares when I bull posts so they care a lot more when mando and OB post so need you guys to to keep doing. That nobody gives a shit when I bull post either. But it's OK. I still do it, 'cause I rally the troops. That's all that matters. You know, I went as far as this morning announcing that bears and the SEC are one and the
same. So if you're bear, if you're and if you're part of the SEC, you're the same to me, same debt to me. Anyways today, today, telemarket reports crypto macro. Obviously we just said crypto was soaring. I can't wait to get into that, into details, more ETF inflows of course, you absolutely love to see that popped off on exploit. We're going to have Tyler. We'll run on through the details of that and what went down on the back of that. Fentech clubs are popping right now actually.
So, so watch that space actually literally because there's a lot of stuff going on there. So we'll we'll run through everything through that. Tyler has a few topics that he wants to to talk about alts memes and dreams. I mean Pepe with looks like bears last last wall standing. You said Tyler right before before I started going off on the topic. So we'll talk about that for sure. You have a new AirDrop coming so $300 million FTV drift AirDrop. I wonder if I got some of that.
I have no idea. I guess we'll see Pudgy Penguins again. Luca Cooking paying a partnership with loading group, which is huge in the in Southeast Asia, in Korea for when it comes comes to the toys. And you know they love their toys. They love the anime, the characters and everything over there. So that is massive. Again, like huge Congrats to to Luca for always cooking it and today's packed show. So then we'll be joined by today's show partner, Sending Labs.
So we'll talk to Sending Labs. Pretty cool stuff they got going on there. And then don't leave because it's Friday and you know what the Friday is? It's Robert Friday, baby. Our partners on the show since February and and so we're going to pick 2 lucky winners to come and win NFTS. I'm going to finalize the loot box while I'm on here but but you'll see, you'll see it's going to be it's going to be a while so make sure you're at this on the space at the same time.
And we've actually Sims, you know messaged me last night said he noticed some some people winning a few times and we we've made it a little more strict to win. So you still have to follow four more hour follow robot to retweet the Twitter spaces and be on the space but you'll see.
Anyways, this show, as usual, is presented by Moon Pay to buy and sell crypto with PayPal World. Download the Moon Pay app, and once you've done that, get fair site Network All right on X for Wallace coverage, Drains and scams. All right, all right, all right. Without further ado, why don't we get right into it? We got Mando pulled up right now. I I I need the whole thing. I need to hear the whole. Thing. Can you dig it? What's happened to my videos?
Oh, Nope. Nope. We we lost Duck Jesus. We lost Duck Jesus. Oh, Duck Jesus. Ducked, ducked. He quacked, he ducked. He's out, man, You, you. And then you know what he does. You know what he did to me the other day during the show, Mando sent me like a chart of like, who has the best Internet in the world. And he was like, Portugal's not so far. Portugal's not so far from Canada on the chart of the top Internet, last I checked, Canada doesn't I still.
Haven't had time to fix it the Yeah, it's time. To prove Amanda. Before we get into another debate about Portuguese, Internet market feels kind of unchanged. That's what I would say what you have seen is that Solana continued to push up. I think it nearly hit 170 actually and interestingly even ETH caught a little bit of a bit today, so solemnly both rallying Bitcoin just kind of consolidating.
Remember Bitcoin had a very strong week, so on the week now over the last seven days bitcoin's up 5%, eases up 2%, so long is up about 10%. So I think that's pretty healthy. You also had a big move in a bunch of different altcoins today. So Link was one of the major movers. It's doing a partnership well. I think it announced the end of a partnership really or a a pre stage partnership with a bunch of different banks about putting some of their funds on the
blockchain. That seemed to go well. So Link which is kind of like a an OG project in the space that was up 20% and then you had a few like the new L ones we've been talking about recently. So our weave was up a decent amount. I think that was kind of it for the like the major L ones and then Ondo I think is about to get listed by by Coinbase alongside and a couple of other
projects. So you've seen Coinbase actually start to list a few more old coins recently, which I thought has been relatively interesting because remember they're being challenged by the SEC, they're they're listening about the international arm. But yeah, just interesting to see that Coinbase is being a bit more fast and ready with the listings than they have been in the past.
They they obviously listed with and Pepe and then now they seem to be listing a lot of different Solana projects and they're listing a bunch of different small old coins. So yeah, remember Coinbase had a bit of a Chequer pass with that they they obviously had that guy on the inside who was listing trash and they got called out for it and then yeah, now. Now they seem to be a bit more, a bit more relaxed about it. So yeah it feels feels decent out there.
We had again the major news yesterday kind of happened that midway through the afternoon my time which is at pumped up fun which has been the main I don't know casino floor on Solana got exploited. It was by an ex employee. He seems to have put in some malicious code and then was draining the the treasure essentially of pumped up fun by taking things to to Radium and essentially then rugging the liquidity during the exit. So he was using flash loans.
It's kind of funny actually sent a bunch of money to I think it was three or four different communities. There was there was a lot of fear at the start that like the whole of the pump dot fund treasury would go here. It actually took him a long time to shut down pump dot fun. It was probably nearly nearly two hours before they actually hit the kill switch on pump dot fun, which I thought was kind of
wild. Maybe this weren't weren't readily available to shut it down but in that time lost about 2 million of funds. It shouldn't have really affected users and I think Pump dot fun actually came back and said any of the coins that were affected as in were actually sent to Radium anyway. So if you were affected and you own one of the coins that essentially got rugged by this guy, they sent you to radium anyway. So you've kind of made your money back.
And I think secondly they've decided to have zero fees for I think the next week. So pumped off fund came back pretty aggressively. Pretty good response I thought but yeah definitely showed some vulnerabilities that the threat guy was actually having an interesting space yesterday with a bunch of people that came on just said look this is this could be like an ongoing problem with Solana.
Like a lot of the the the code right now is is not open open source it's it's closed And so as they start to progressively make more of these protocols open source then you could see more of these vulnerabilities start to happen. I thought that was an interesting take. Like Solana in general has seen you see fewer security issues and maybe I'm being broad about this down on Heath and part of that is because a lot of the protocols are closed.
So yeah, it's going to be interesting to see how that one develops because as they go towards that then then then we might see vulnerabilities. People are saying, you know that if if these like North Korean hacker groups get in and and find a vulnerability and one of the things as often is with crypto, everything's just a copy paste of the last protocol with small adjustments and you could have, you could have big issues.
But this was interesting. See, obviously this wasn't that, this was an insider job and I don't know, I don't really know what happens there. Like the guy stole like $2,000,000 but he's like he's like docs, he's like fully doxed. Yeah, yeah, he's been doxed. And we'll see, we'll see what happens to him. But that that caused Solano actually to dip.
It went down to like 155. The whole market kind of sold off and then everyone was like freaking out for thinking that this could be pretty major and then it turned out to be fairly minor. And then someone like ripped back and a bunch of a bunch of the major meme coins also kind of bounced back relatively strongly on the back of that.
So risk to appetite came back. Obviously you had the you had that Donald guy who came out on the timeline trying to being like he trying to claim that he'd been proven right after this exploit. And I don't know it just it feels a little bit I I said this a few days ago just feels like the cope is back in the market. Like there are people who are
happy when we set. When we sell off like there are 100% when we sell off a bunch of different people that come out and be like oh you know you should have sold or so obvious that that was the cycle top and it feels like that's where at. Which I just think is a really interesting change in dynamic like when we're at 3030 K 40K50. Ki think everyone was still super bull And then this chop which has gone on now for a few weeks has definitely shaken out a bunch of different people.
And yeah I wrote this tweet this morning which seems to have I struck A chord with people but this is my general view like I just and it's maybe it seems antagonistic to the old guard but like if you're in the old guard and you're sitting on a bunch of money you don't need to take as many risks. A lot of them aren't. A lot of them were bearish even at the even when we were sitting in that 25 K period, they there were, there were questions about where the crypto would even come
back. There were some. There were some bitcoins I think who have been long only the whole time. But a lot of people did not catch this move up or they call it late and then they've been quick to kind of move away from it as well. And the reason is because they don't really need to. They don't really need to time the market in the same way that that somebody's coming in here and having to be in this, you know in the trenches every single day needs to.
A lot of this cycle has been a ton of different KOL rounds for people. A bunch of your the old guard have made a huge bag of that sort of stuff, just being angels in the in the new brand of projects. And they've probably made a bunch of money. And interestingly a lot of their bags are in alt coins, right, because they've been involved in a lot of these KOL rounds. So they've also missed a lot of the mean coin run which has been which I think it's caught a lot of people off guard, not just
old guard like even new people. And and then there's just like slight bitterness on the timeline about it, which personally I just I've just stopped paying attention to it. Like I I haven't seen a bullish take from one of the old card since GCR like GCR has been like the main put like put out that one tweet and it was like Oh my God, it's still bullish because you never see it. You never see a bullish tweet from from. What base Carbon and Big Dick Bull. The three horsemen, Yeah.
Exactly. Is Big Dick Bull an old guard? At this stage? I feel like he's one of the new guys coming, coming up. Like I just, I never see it. I see cautious optimism, but I just think that there was a take which went back. I remember reading about it like a few people were pushing it like first, first cycle, you know you're you're like you're a complete bull tart, like you're you're fully left, left curve, you go after everything.
Second cycle you're cautious and the third cycle you're meant to come back and be like a bit more left curve, right, you're actually right curve but you that means you can pick up on the left curve stuff. And what I've actually seen this cycle is that a bunch of third cyclers, they've just kind of thrown in the towel already or they haven't been as foolish as they thought they were going to be. So yeah, that was my take. I'm focused on people who are in
the trenches every single day. There are still like my favorite follow of like the biggest accounts is a guy called high stakes Capital who is locked. I don't know if everyone can see him. This guy swings it, man. He swings it 100 million a time. His peanut, his high Stakes capital is his name. I think he's based in Dubai.
And this this sky is a proper he he, yeah he's probably thinking he's been around multiple cycles but he's still swinging it around a lot of the other people that's they're just like oh you know I I'm just not really paying attention to what's going on every single day and and they're very easily they don't
need to chase the market. They don't that they may be happily spot in like ETH or something like that and like they're still waiting on that to be like a 2X and that's still great for them because they're probably up like mid 7 or or even mid 8 figures and they can just sit there and be like right. For 2X it's fine for me, you know. And they kind of fade a lot of this stuff. So yeah, I just, that was my tweet. Just don't pay attention if some old guard says, oh you know be cautious.
Like I haven't been trying paying attention to them for for years. Dude, I mean, I think being cautious is fine. Like over often we'll have this period where he'll like tell people to be cautious. But there's some there's being cautious and just straight up saying this cycle has stopped with like happening. Like he's Toby, no OB is and it's on. He's on entrenches from OSF dot soul and OSF dot ET. It doesn't get more in the trenches than that.
Like he's top holder's like every favorite your favorite chick coins, right. So like in in openly speaking as well. And his P&L is massive openly. But it's like it's a lot of the people. Like for me, what's hilarious is like when you have like these people like half a million followers that grew an audience giving their opinion that are now complaining that people are giving their opinion of their opinion, right. They're like, Oh no, like I'm getting attacked for like saying
this. Of course you're getting attacked because you're actually like being a Dick on the timeline. Like it's like they're being like kind of arrogant and cocky the way like it's almost they talk to us like, I don't know, Tyler, how you seen this, like you. Don't you sometimes feel like
talked down upon in that sense? I hate it like they're they're dismissing all the fun new stuff that that that the boys in the trenches are having fun and and are running it up and like they all just missed it and and they're they're jealous or they're coping or they're just calling it stupid.
And I think the other problem is like even like the bear posting the even if it is just like shit posting and they don't really mean it. There's a lot of people out there who don't understand that and like they think it is true bear posting. Then maybe they are making decisions because they trusted these people at one point in time that I think that's where it gets really frustrating.
Yeah, it does actually. I have to say, like, I'm really enjoying this whole like as much as people want to throw like, you know, rocks at him, you know, on some being like this cycle's like main character. So obviously it's ups and downs and like probably people's sentiment of him, which is, I get it, like it's normal, but but like, I gotta love how he's sticking up to it, even to his own friends, right? Like, you'd assume like they're homies.
Like, they're like, yo, no, like we're gonna run it. Like we're gonna run the Super cycle, we're gonna gonna recycle this way. And yeah, you know what? Like be careful, cause at some point the music is gonna stop and the chairs, you're gonna probably miss the chair on your way down trying to sit. But so obviously, like take some profits on the way up and stuff. But, you know, there's, there's, there's something to be said about Mendel.
Oh, he's deep. And that's the thing, like, a lot of these people are not in trenches anymore. And it's easy to. I wrote about this this morning because you had me on going, like, but Amanda had me writing a fucking poem, dude. But it's just like, it's just like they're sitting on the Japanese toilet seats that's warming their butt while they're like, you know, taking a dump. And like they're chilling and and they're not actually in it.
Right. And so it's easy to have major millions and get off the trenches and then look back and see a bunch of like, R words like just like trading vaporware. It's true. Like if you take a look back into the market right now, we are just trading a bunch of vaporware facts. But wait, altcoins from previous cycle were not vaporware either because I haven't seen much product coming out of their. Those altcoins that have raised billions of dollars.
I don't know about you guys, like there's maybe five of them, but they were all like cedar investors in those and they're all trading those and I was charged for those. So for me like. I prefer owning that epic or, you know, I shout out to the Michi boys and girls. I still don't have some, yeah, 350 mil. My reply guest is on the 10 mil. I love you guys. So I'm gonna, like, push them whether I ever buy the token or
not, 'cause I love them. But like, I'd rather have that, like and even I'd rather fucking buy a Michi at 200 mil than some like protocol that raise billions of dollars that's building nothing. So I think, I think there's a massive, a massive shift here. It's a new paradigm and I think that you know the financialization of social also changes that through fantasy top friend tech warp cast all these things and and the tables have turned right and look tables
have turned. The Americans are selling and the Europeans are buying. This is crazy. I've never seen this before but Tyler get your big dude. Tyler you're you're in Chicago. The CME. The CME is going to be listing spot Bitcoin ETFs on there and people are still selling. Other bullish news Senator Cynthia Loomis literally with laser on her timeline saying we are back with the Bitcoin. Did you see that Mando? Did you see that, Tyler? I thought that was so good.
People were coping to me like I I was bull posting this the Cynthia Loomis thing and and everyone's calling topside and this is cringe like she just spearheaded like a major repeal of of this SEC anti crypto banking rule and she's celebrating like she should celebrate and and everyone's coping so hard they're just calling top. I got. I'm also sick of it. Let's play that. It's 2 minutes. So actually this may be not but basically the the US Senate.
It's the Senate, right? Repealed a a rule right. You want to you want to kind of run me through that, Tyler, because you wrote a bipartisan super majority came together across Democrats and Republicans united against the SE CS blatant overreach. So what exactly went down here, Tyler? Yeah. So the the rule itself, the idea is it's going to make it much harder for banks will have to report the crypto holdings of their customers, it's going to make it harder for for self
custody to happen. And there's there's a lot of impacts down the line. They're basically arguing this is a huge overreach of the SE CS power. I think why it's a big deal is the US government is just so partisan split and they were able to to come together across Dems and Republicans to make this happen. Why it's even more important for the upcoming election is everyone still expects Biden to veto this which means that the
rule would stay in place. If he does that it the the press, it basically puts him in the position of being like the anti crypto candidate into this cycle. And then if he does, if he does not veto it then he's like implicitly agreeing with the SEC is is in the wrong here. So I mean, so that has its own impacts. And then if he does veto it, perhaps that's even bigger for, you know, the the Trump campaign.
And I think they're going to run with it most likely ahead of November. Dude, you got like US senators now, like repealing laws from Gary Gensler and switching the PFP to laser eyes and you have some like bum fuck trader telling me it's a cycle top. Like this is like the most insane timeline of my life. Like we used to. We used to dream of times like this, you know, I mean like it's like we used to like say yo, when is the US government and
we've been very critical. US, Canadian like governments in the West like UK, like that. I've vocally been against crypto and now you have senators on both sides. Tyler, your comment was perfect. Like Dems and Republicans saying, yo, this is enough. Like this is we're not cool with
this, right. And so it's so and I think it's worth like yeah like we tend to be very bullish on on this programming at all times, but it's like we're not also like stupid, you know what I mean like we're bullish for a reason. So that was one of the things and then you have you had another thing which was BlackRock spot Bitcoin ETFs over 400 holders it is mind boggling per per Bloomberg analyst.
On top of that, you have Bitcoin ETF volumes hitting A7 week high as Bitcoin price near 67 K On top of that you have chain link that's up, you already talked about it, but up 20% after Wall Street pilot with JP Morgan, Benoit Mellon and the DTCC go through successfully, you have like a bunch of positive news on on on on Ethereum, sorry, on Solana as a blockchain, you're going to get positive news at some point about Ethereum automatic because we're going to get this damn ETF one way or
another at some point in time. So there is a lot of positive things that are lining up for us. And look, we still haven't heard from like, the Coinbase case versus the SECI. Definitely think they're going to kick their butts. But that's also like a positive overhang in a way that's probably incoming. Hello FTX. People are being, I hate these balloons. People are being made whole. Like, there's going to be a lot of liquidity. Like, I know a lot of people waiting for their FTX money.
What do you think they're going to do? Sitting in their rolling, their twiddling, their thumbs? They got wrecked, getting paid back at like 2022 prices on Seoul E Bitcoin. It's not right, Right. But what are they going to do? What are they going to do, Go buy a new car? No, they're not. They're going to keep rolling the dice. So that's just like do you have so many the same way you have like negative overhangs that we love to talk about like the CPI
is the PPI. Just fuck this like there's a lot of positive overhangs. Anyways that's that's that's my that's my two cents to add on tip of what you and Mando are talking about Tyler, why don't you run us. I'm going to let our today's partner on the show too and we'll get to you guys in like 5-6 minutes. But like Tyler, why don't you run us through a few topics also like in the trenches right Pumped up fun maybe like expand on what Mando was saying. What exactly happened?
Front tech clubs? Your tweet was very interesting And blast New Gold estimates like run us through what's happened in the trenches. Yeah, I think Manila described the pump, the fun situation pretty well. I think the the bigger impact that I saw is it it shined a light on what was happening with meme coins on Solana and the Pure Velocity that they're coming out on a daily basis.
And I think a lot of people didn't realize that 20,000 new tokens per per day is what's getting pumped out right now and it's it's impacting the EVM chains as well. So I I I saw a post the the EVM super chain basically saw 1,000,000 tokens in the last month. That's more than they saw in an 8 year time period.
So the market's getting flooded. The the concern is like are we seeing a similar bubble like what happened within NTS back in 2021 where NTS were the hot new thing and then we saw a huge influx of supply and then everything crashed. So that is some of the concern. We talked about that a little bit yesterday. I think still the idea is consolidating into winners, but it does feel harder and harder to to catch the new winners on on the micro cap end of the
spectrum. So I mean that's why I'm watching there you you talked about the Pudgy news to kick off the show. I think that was certainly a day one probably not being talked about enough. Like like these are the big partnerships that that launch brands and and grow their user base. And I mean runway is going to be so important. You know with royalties turned off everything the pudgy's doing with the toys, with these partnerships they're setting
themselves up for success. I don't know if that means their price is going to go up in like the next week or the next month, but you have to be more bullish on a longer term time horizon on the pudgy's and Lucas doing what he said he's going to do. He's, he's out. He's going to expand in Asia. He's doing it. Yeah, what's up? Mano, you've been to South Korea, haven't you, for a recently? Yeah, yeah. Well, last year and I'm going again in September.
Right. So they own pretty much every single one of the major department stores in South Korea. They own. They also own like an equip like a like a a amusement park similar to like like it's called Lottie World. Like if you go to South Korea, if you go if you go to Seoul or you go to any of the major cities they just like run South Korea. Like this isn't like, I don't know what the equivalent would be.
It'd be like the Walmart, Walmart meets Disney of South Korea. Like, this is, this is fucking huge there. So the fact that they've got a deal, yeah, I think that's. And particularly in a place which is like the number one owner of cryptocurrency in the whole world per capita just feels like that's such a massive win. Like I think a lot of people, because a lot of their holders are probably more Western,
probably didn't pick up on that. But like that is a massive, massive deal that they've distinct. I'm super bullish on the brands in the space our building out east which is exactly why I spend half of my time out ease now like in terms of my time and attention for how we're building media. So I think, I think I think that's a really good, that's a good one, that's a big one. I wouldn't sleep on that. Of course. It seems Tyler though that that doesn't directly reflect anymore
on the NFT prices right? Like you could tell why the NFT side is lagging because if you compare this and obviously this is a comparison that I hate making but like to the 2021 bake cycle board apes like would pump on like something like this would like set a floor price for an NFT to like 50 ETH like like 1,000,000 toys sold GameStop target Walmart twice they renewed to 4000 stores latte group amusement parks like right So what what do you you are we going to get that run again on
the NFT side or what. Not yet. I think the opportunity cost is still too big and that's why folks aren't buying the expensive NFTS in in Jpeg's right now. Like honestly like if you've got 12 ETH or or 15 ETH, are you going to buy a a pudgy or board ape or are you going to go farm it somewhat risk free on blast with six weeks to go ahead of that AirDrop. I think most people are are choosing the farming route right now. Now like we are set up for that
to change. You know once blast actually does come out with the AirDrop we'll learn what the new incentives are. I mean, that is the most likely near term catalyst for NFTS to to come back. And if you're looking at the the top candidates, I mean, pudgies seem like one of the safest bets on the board, right? I mean, it's probably like pudgy azuki. I mean, board apes, of course punks are. I mean punks are punks. They're 48.
They're expensive. Yeah. So pudgies are my are still my my best bet probably. Yeah, that that makes a lot of sense. You see that stat from NFT Stats, Sam today? That which one the market price of Pepe is now bigger than the top 25 NFT projects combined. Whoa. Pepe is now worth more than the top 25 NFT projects market value combined. Now compare that a year ago Pepe was trading at $300 million market cap, maybe even less at one stage. Crazy Don't. Remind me, I'm a sick, that is wild.
I mean, the market has changed. Speaking of blast, Tyler, where where, where? What's the latest? What? How much is our gold worth? Is it? Is it worth anything? The the gold's worth 6 bucks according to Sam, but the the big change this morning is that they So if you go to the blast site you can see how much points are worth compared to gold. As of yesterday it was 36,000 to one points to gold.
Now it's 107,000 to 1 and so effectively anyone who had large blast point bounces into now they got to value and people are arguing the semantics with me and my replies. I'm not buying, they are devalued. You are. You are forced to continue farming this game to to continue not being like over diluted on those points. And I think the other impact is it, it remains a signal like they they want people using the daps, they want people holding the tokens. That's that's how you get the gold.
I think that trend is absolutely going to continue into TG and probably post AirDrop. And the other thing that I'm watching this is perhaps more exciting on the token front, we saw our first big presale 1st meme coin presale happened on blast this morning. It's this token called Pew Pew. It got oversubscribed by like 200%. They they actually have a website. The meme is is half funny. There's a gambling aspect to it. There's some kind of like a a slot pool.
Folks have been looking for a token to rally around in the blast ecosystem. There has been nothing other than Pac-Man and people are are chasing like Baha these other things. We've got farmers like EB7 coming on and saying like we I'd rather chase tokens to hit jackpot than farm maps. So I think folks are going to flock to this. This is a potential winner out there. Yeah. This is going to be interesting. I mean we we've been waiting for
a token on blast right. We kind of talked about it the other day how like perhaps it's after the after after the gold like TG and stuff that you can see much more token ecosystem. But even then we'll see. I mean they're they're probably going to they're probably going to find a way to do that. I I love it being Friday. I mean we're going to get our Shabbat candles. You know, you know how it is
over here bro. You know you know how it is over here weeks on Friday. Anyways, I think that's a really good roundup Mark and everything. Just a reminder. So I'm going to get a sending in a minute here as they just joined us on audio and I'll share some stuff on the screen. But I finished making the robot loot box while the boys were talking and boy oh boy, boy oh boy I got a bunch of cool stuff in there. I'll show you all a chase of punks I had.
It's a bunch of apes RLDS and red guys and milady. So remember retweet the Twitter spaces. Bottom right, there's the purple box. Retweet the space. Follow FOMO hour, FOMOHOUR. Follow robitcom, ROLLBITCOM. And you got to be on the Twitter space. So if you're on the video, make sure that you also come on audio to win. Two people are going to be selected for $5000 spends each each and you minimum you can win.
It's like 2K. So that's not too bad if you ask me. And we've tightened the screws up on on who can get on to make sure that it's real people, no bots and that also you're you're in the spaces so yeah, so it's going to get very very interesting. But anyways.