FOMO HOUR 120 - SOLANA LEADS THE CHARGE - podcast episode cover

FOMO HOUR 120 - SOLANA LEADS THE CHARGE

May 20, 202451 minSeason 4Ep. 120
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FOMO HOUR 120 - SOLANA LEADS THE CHARGE

SOL again leads majors, DEX volume dwarfs others. BTC whales buys $106M in 24hrs. ETH ETF decision on Thursday or Friday. 5 of 7 onchain indicators ‘point to bull-run’. ETH ETF may be rejected due to weak link to futures. AI coins in focus ahead of Nvidia earnings. Cobie inks new article on low float, high FDV coins. ETH foundation staff reveal links to EigenLayer. 12 L2 & L3s controlled by single multisig. Layer Zero pauses sybil rewards. Aevo to airdrop pre-launch tokens on platform. FTM to migrate one-to-one to Sonic S coin. UK judge rules Craig Wright is not Satoshi.

FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the Crypto, Macro and Web3 sphere! Join hosts Farokh, Mando and Tyler as they cover some of the biggest topics at present with some of the biggest names in the ecosystem. Streaming live 5 days per week, Monday to Friday 10:00 AM EST to 11:00 AM EST on YouTube and X.

Transcript

Yo-yo, yo, What up? What up? Good morning. Good morning. GMG Monday May. What is it, 20th 2020? Bears in disbelief, bro. Bulls in motherfucking control on this wonderful Monday. Oh man, it's a beautiful day to have a beautiful day. The sun is shining, shining, guys. Shining in Montreal is beautiful, beautiful, beautiful, beautiful. While the weather is incredible. It's like another day in Lisbon, but for us, it's rare. So, so shining in Montreal.

Vibes are good, prices are good, life is great. I got my coast and oh, it's Victoria Day here, so I guess the Canadians have off today. It's a bank holiday. Look at me, showing up a bank holiday. I'm supposed to be like, lounging, chilling, you know? I'm just kidding. I don't even know why we're doing Victoria Day here and they're not in the UK. But anyways, let's start the conversation. I got my Co host in the house, Tyler Mando. How you guys doing this morning? I'm doing great, man.

I'm doing absolutely fantastic. What about you guys? Great over here, Frog. Just like you. It was an amazing weather weekend in Chicago. I had a great weekend, went to the Cubs game on Friday, went to a nice restaurant with some friends on Saturday night and then yesterday Family Day at the beach. But I was good of the summer weekend. As you can get, we're we're feeling great. There's beaches in Chicago. You don't know this. There are beaches in Chicago. We have a very nice lake.

Lake MI is is it might as well be an ocean when when you're next to it, it's a it's a huge lake and we've got a nice little beach. There's a few actually downtown. Yo, actually, you know what's? This is Chicago. Yes, it's gorgeous. There's a reason we don't live here. This is insane, huh? This is Chicago. This. Is Great Lakes Man. Yeah, no, the Great Lakes. Huge. Yeah, Great Lakes are fire.

Great Lakes are fire. You know, as a as a as a Canadian, you know, pride and joy, you know, that's that's all we got. It's our water. Are you kidding me? Like we have like the biggest like water resources on Earth, you know, That's why America one day is going to invade Canada, you know, for our water anyways. That was the because that was the end of the big Short, right? They talked about water. Anyways, let's not get so grim this morning. Today looks like he has a fun

sporting events though. I saw sporting 130. That was nice. Mando. I tried to put a little cheeky bet on that. I saw that Congrats, you know Lijbois champion of champion of. That's my city right there. We're champions. We won. We won the Portuguese league. That's my city. That's my town. You know hopefully we'll fix the Wi-Fi by the time I move there. But but can either be a. Befiko or you can be sporting.

There you go. I don't know maybe think sporting is a thing to do outside of the box, right? Because like everyone's been fickifying, right. It's like you pick go to UK, you pick my new city. But you know it's it's the vibe I'm getting. Anyways, you guys, you guys are lucky man. You guys have like Cubs, you have you have Sporting. We, we the haves are not good in hockey this year. We didn't make the playoffs so we got nothing besides GSP who's

retired, you know, retired. So that's about it. Anyways, tell the show today. Today. Daily market report. Oh yeah, I'm excited for that one. The bears are in disbelief right now. They got spanked all weekend long. Thought they had Sunday night but no. Welcome to Monday morning. So love to see that we have some changes on the grail scale. CEO position which came before the show. You have a bail Bail ABTC whale bail buying $160 million of Bitcoin 24 hours. Damn, that's crazy.

ECTF this week. Is it going to be rejected? Is going to approve? Well, consensus is rejected and shunned. But hey, we can still manifest for an approval and never know what happens. I mean, you're not ready for the case of ECTF being approved this week and he's going to 20 K by Sunday anyways. What else do we have? We've got a bunch of stuff going around, all dreams and dreams, hot coins, blah, blah, blah. We'll go to Tyler. He's got a lot to talk about.

I mean, Tyler has like a weekend full of blast stuff to talk to us about. So don't worry. Y'all. If you want to know everything, a blast about B wool, about Pew, about fantasy top, even about what's going on, friend tech, we're going to get, make sure that you guys get the full TLDR on that today and then that's about it. You know what? I'm feeling good today. We'll give away 100 bucks. Give 100 bucks if I feel the bottom right there's a there's a purple box make sure you retweet it.

Someone who retweets the spaces and that's on here. We'll give you 100 bucks. We're we're not going to do the whole like thing at the end where you have to come on stage but share the show. Win 100 bucks. 100 bucks. And as usual this show is powered by Moon Pay to buy and sell crypto. Where's PayPal? Download the Moon Pay app. But once you've done that, our show is also part by Fair Side Network on X. Check them out Fair Side Network wallet coverage for drains,

scams and more but anyways. Anyways, Anyways, without further ado, let's get right into it. Yeah GM everyone, definitely a a decent weekend. It felt like Bitcoin kind of held on to its gains. The main gainer is still Solana, like Solana is just up only at the moment. Had a very very strong weekend of out performance. Again, still feels like the majority of of stuff going on in crypto is on Solana right now.

It's even now like Ethan Bitcoin are kind of heading a little bit lower and Solana is still hanging out at 177. So that's been like the main trend that you've seen the soul out performance and that's mainly been driven by we all know and meme coins but also just broad broader decks Volumes came back very, very strongly after the pump dot fund exploit. Still feels like that's the number one casino casino in town

in terms of stuff. This week we have the Fed minutes and you which is kind of a big deal but not a huge deal. The main thing is NVIDIA, NVIDIA have earnings on on Wednesday and that will define sentiment. I think for the NASDAQ and broadly across a lot of different risk assets. They have traditionally absolutely smashed earnings at the park. I kind of think they're going to

do that again. But yeah, that's that's what people will look at. This is a world where gold stocks pretty much every single quality is ripping right now. We are, we are definitely in a bull market for macro all time highs being being pitched across the board. There was some flare up again in in in I would say risks across the world, which is that the Iranian president was killed in a helicopter accident on on Sunday. Who knows where that that now leads, but yeah, you could see

some. What does that mean for the price of Bitcoin? Because that Walter Bloomberg guy was sure as hell screaming at me behind the screen onto timeline, it says screenshots of post I don't. Know like we've said this before but that previously you've seen crypto quite randomly like really react to to stuff going on in the Middle East and like broader Asia. But yeah it's we'll see at the moment nothing. In fact we've been pretty stable since then.

You've seen some big buys come through from like Wales in Bitcoin like very very big buys. We had a bit of an we had another inflow day, so there's some some work being done outside my house. I thought it was me. That's why I was like, why is someone you're fine? Building work, but there's yeah, there's about I think another 200 million of of inflows on Friday. So which is which is the biggest week we've had in months for the

ETF. If we I think we erased all of the outflows for April already in May, well so far in May. So yeah, like a decent decent day and a decent week. So very, very quickly that the narrative can shift with that sort of stuff, so. Wow. Yeah, definitely, definitely positive, positive sign there. You've seen a dip line, particularly Bitcoin.

It does still feel like bitcoins outperforming apart from Solana memes, even even memes have been a bit sideways, like you've had certain stories you've done really well, Like Punky has hit like 250 million, but other than that, like you had Pepe kind of go down. You've seen whiff obviously go down. So in terms of stories, meme coins have taken a bit of a backseat and it's really been Solana and Bitcoin which have which have hit, which have just

carried the market. ETH is kind of hanging around. People are waiting to see what happens after the ETF, but it does feel like weirdly like Salon is still outperforming on on either scenario at the moment. And then we've, I think people will be looking at AI tokens ahead of NVIDIA, which has been used to the start of this this year. That was like the hot narrative. It's definitely been a quieter one for the last month or so. A lot of those coins have have died.

And I would say the general sentiment on the timeline right now is is just a lot of conversations about coins in general and BCS and this, you know, low flow, high FTV meta. You saw Kobe write an an article about it two days ago. You've seen Haseeb, who runs Dragonfly, wrote a kind of a tool in the last 24 hours. But if you ask what people are talking about in the timeline, it's why have all these coins

done so badly this year? The actual performance of a Binance Launchpad coin is down 18% this year, and this is a market where Bitcoin has done a 2X, so there's a lot of questions about what's being sold to to the public that that way. So what do you think of all that? Like, what's this? Because I I I caught some of this this weekend, but it was too deep for me this weekend. I needed to chill.

But it's like, you know, everyone who has a fund right now is getting involved in this conversation writing essays. I mean, Kobe has M efforts writing like books right now, this week, where it's going to be filled with essays. Write it for the beginning of summer, kids, take your we're back to school. What's this whole debate about? Like low float, high FDV coins, etcetera?

What's your take on that? Subject it's largely that you haven't seen many coins and many even sectors haven't participated in this year's rally and a lot of those are the VC related coins. And to be honest like there has been a little bit. This isn't just throwing mud like VCs have been throwing mud at memes saying you know this stuff is terrible, it's tough for industry. Well all the coins that they have generally been in have done

very badly. Like the gaming sector has been horrific in terms of performance since releases. Most things have are down sizably there, but that that extends to L twos. Most of the L TS have just they got released and then went down. Only a lot of the staking protocols. Some of the Solana launches have done OK, but other than that like that's really just been insulated because Solana feels like it's up only as an

ecosystem. But a lot of the Daps, my view on it is that they're kind of being called out and that VCs are are now like rushing to defend their business models. Investing in investing crypto is quite a strange one, right? Like when you invest in a, when you invest in VC of other places, right? If I was to do it for most industries, you're waiting and hoping that you get taken out in a Series C or like an IPO, right? That's the only take out. Yeah. Investing in crypto is different.

Like you get a liquid instrument that you can often get out of very, very quickly. What that the risk of that is that people go in for high valuations then they would. So often these things come out at much higher valuations. And then you're also very, very tied to cycles. So sometimes like if you if you time that VC cycle wrong you can get you can get smashed at a higher valuation and stuff goes down 90%. OK. Literally 90%. So there is risk.

Obviously with VC investing in this space, it's not just like easy money, I think a lot of VCs even lose money, but but they are being called out on this business model which is like, you know, it's a dump on retail forever with good tech. So I'm definitely on the side of memes over a lot of the vapourware that that I think gets sold. I also think that the tokenomics just could be better. They could be like we would actually have.

What's weird to me is that good projects which actually have adoption often are defined by the price of their token, right? More than if they even had adoption. You know, let's say right now that Jupiter hadn't done well. Jupiter hadn't like bounced back and just continued to trade lower, like Jupiter went for a more fair launch, right.

But at the same time, like if let's say there's plenty of coins which are like that where they actually see high amounts of adoption, high users, yeah, the coin price does terribly. And then that actually becomes the narrative around the the coin itself. And you've seen this a lot. So I I think, I think it is important even for the narrative of crypto that we don't just like create these these coins which which are bad for the name of crypto.

Yeah, there's a good summary here from Ty Rogue, Ty Rogue's great writer, by the way. I like following that person on the timeline, but they did, they did a summary of Kobe's article, which goes over everything. And then of course, this is the main long one. The new launch is part one, private capture, Phantom pricing, etcetera, talking about exactly what Mando's going on about. So if anyone's curious, that's actually very interesting.

I'm going to have to dive into it this week, then starting today and go really deep into that because because it's true, like you've seen this meta kind of like swap around. So where does that put friend then? Because friend friend tech, right, Right, Tyler, Like you must be thinking that. I can't be the only one thinking about that, right? Like, if you're reading this whole thing, this debate, was that like 100% fair launch to

the people? It's the most egalitarian launch that we've ever seen in the history of crypto. But but really, like, like, how perfect is it? Right. Like it's the opposite of the high FTV low flow tokens, right. I think they they went out with like 85 or 90% I I forget the exact number and the the other 10% was simply held back for like a liquidity pool, mining incentives so to attract folks to add into the pool.

And I I feel like people aren't celebrating enough but I mean it's a it's everyone thought the token was going to come out it was going to tank who would the buyers be.

It has started to find some success here but it it was totally fair and I am very interested we're going to see more of this because I mean now it's kind of it's putting ownership I feel like on the community like OK here this is your token now run with it. It's going to be as successful as you are and the users are are able to make it but luckily our people are actually starting to use Friendtek.

That's the other side of this and I keep tweeting about everyday because I don't really see many people talking about it. But for if you're able to pull it up and and even go to like the club page on Friendtek. I don't I don't know if you if you've logged into the app at any time anytime recently I. Have on my phone, though not on my computer. You can just let me see. I can just sign in. Oh, I can't. I've never did it for my computer. No way. Oh, you haven't?

Well then you're probably not a power user. I think the the power users are on the desktop app for sure. I'm definitely not a power user or friend tank, no. Well, regardless, I I tweeted out a a a chart from like the Hog Mccrankerson token. So there are now these meme clubs launching effectively as meme coins on friend tech. And you know, they start out, they start getting a little

traction. Well now they're getting a lot of traction and some of these tokens have done three or 4X over the last week or so. Now the the club room owners are incorporating air drops into the tokens and yeah so so here's the

hog chart, right. And now like some of the the the bigger and more vocal backers, they're all rallying behind this because the idea is that if one of these friend tech meme club tokens can really go parabolic and reach some escape velocity, it's going to bring a whole lot more eyes and attention into the

app. I think Luke Martin said said similar and it it's starting to happen and now they're starting to be a foundation of of tokens you know underneath Hogg and some of these others but but not many people know about not many people are are are trading in there and in so many ways it's like a it's like a a pumped up fun environment right it's it's perhaps a little bit more of a closed ecosystem.

You aren't necessarily able to have that escape point which which I do wonder like what is the peak of a token that gets launched in Frontech because you are somewhat constrained with the amount of friends you know in the in this pool and in this

in this overall ecosystem. I mean and as far as I know there's not a way to to get out of it just yet but it's it's bonding curves you can launch these tokens very easily and and we've seen this success pumped out fun it's had I I it's not huge stress for me to to think Frintech can see similar success when more and more people start finding it. Interesting interesting. So these clubs are kind of like each club is kind of like a shit coin in a way like a moon coin

community. It's like a it's it's like a community from the get go that's not that's being launched a coin. Basically, so people, when the clubs came out and the team launched with like no instructions, no nothing. So people started launching their clubs similar to how they launched their keys, like, oh, this is going to be my chat room. And then quickly we all realized that there's no appetite for that. There's not really appetite for many people to run token gated chats.

So folks started pivoting to this basically the concept of launching meme clubs, which are just meme coins, and they're they're starting to find some traction now. Interesting you doubled in that man, though. Have you gone back to to Frontech? No, but I I can see why it could be useful and I I think the point is I don't necessarily think it should 100% be fair like 90% of it becomes free flow.

I think you have to accept that sometimes that you know that can that can even harm the project because a lot of people in crypto are just in it to get the AirDrop and then sell and then they move on. Like I think it you need to understand like when rewards are actually going to be useful for the for the long term growth of the project. I think that but I just think right now it hasn't been like that at all and I think crypto has been hurt for it with all of

these tokens. But I think Frentech, Frentech, this new model I think they'll get users. I'm still my honest opinion is that the the UIUX is still pretty pretty poor and I've been surprised that that that like in the time that it's been around like that hasn't hasn't really made like a big step change. Maybe it will, but I still feel like half the time I'm on that website I'm like it's going to bog or something's going to go wrong.

And that's not like I think that puts off people whereas I haven't felt like that was some of the other social fire apps I've used think forecast is obviously well like what class has had some issues but it generally I still I still like using that and then recently fantasy top and and even district one like they seem to have less it just feels a little less clunky to me. I don't know I don't know if it's like the idea that you need to there's so many different

things there which require the blockchain in in like the different interactions I think caused caused the clunkiness for me. I don't know if you guys agree, but that's that's that was my that's been my sense every time I've gone back on that. Tyler, because you you you

obviously use it much more. Yeah, I think there was some some sentiment is like what what the hell did the team do for six months when they were, when they were building with with the app basically offline that they removed the rewards and everything and of course the the, the, this new club concept and they built the the decks Bunny swap inside the app. But I think virtually most people were expecting more in terms of UI improvement and they didn't come.

So I think Mando's spot on right there, but I'll come back to the point. I don't think fancy topic is that good either. Like I have to hard refresh the website every single time I make a transaction to to buy or sell another one of my cards. But I'm doing it because I think the incentives are there and and I enjoy the app. So I people will still work past it. But I agree that there there is, there is a point in time and perhaps you're a little bit more lenient with the apps in their

early days. Over time you do expect that to improve and I think perhaps the forensic has not gone as far as we would like. Interesting. What do you what? What What does Luke think? Luke looks down. Yeah, I see Luke. I see Luke in there. I just got a tax name. Luke is here. What about Luke? Thinks so I haven't really played with it. I need to download it on my. No, no, sorry, not download it. I need to actually like go and use the desktop app and

everything. I haven't played around too much with the with the with the clubs but you know I kind of like ripped off on to Frontech when I you were talking about the high FDVE, you know, low float, high FDV coins, rando. I'm like wait, wait, like wasn't fair to Frontech like super fair launch. You know, like you're going to think about the tokens that launched recently with teams etcetera. It's like, dude, that thing was like 100% to people, right. It's 100% air drop to commute,

right. So and it's kind of like finding itself out. I kept like more than half my, my or half my air drop. We'll see. We'll see where it goes. It's it's it's moon or type 0 type thing here. Send. Send it, send it higher Tyler. I I can't. Complain whatever, though, right? Like they'll complain that they want those sort of coins and then friend tech will come out and everyone will just sell it. So it's kind of like it's. Always like that.

You can understand why somebody's like, well, yeah, we want some a bit more so everyone just doesn't just dump on US straight away. Like PAC Moon has done an interesting 11 where it's like it hasn't fully diluted. There's still a mean coin. It's now going down that route, like progressively getting there, building community that

way. There's I think there are ways to do it that are that can be can can kind of motivate both like Friendtech did it that way but like I would say the the vast majority of people were just there to just dump the air drum like that says a lot. Yeah, I I, I'm a fan though of the whole like figure out yourself type situation happening right now on the front tech side.

But we'll see. I'm not active in it or whatever but like I I I kind of like I don't know I think like being curious about it kind of helps out feels like someone like Tyler was like super in tune with it you know like do all your research. I can probably go to cook by being in those trenches. Yeah the the boys in the trenches and front tech are up huge. Like let's just who are early to hog who are early to shit coin Summer which is Hero Crypto's group.

Like they are like large multiples and I think, I think people just don't know it yet. I do is. There a lot of money being passed around. A lot of it's just the same amount of money for the same amount of people. Yeah, I think that's part of the one of the criticisms is that there's still not a whole lot of users. I think the active traders in the club keys right now is like 1200 per day.

So it's pretty low. So it's basically like this core group of folks who who are trading these keys back and forth right now. But and I can see the bear case there, right. It's it's not a whole lot of adoption you know for how far into this we are. But I think the the, the bull case is we're seeing the these, the success and these tokens pumped with such a small cohort that if if other folks decide to come over, there's more room to run up. Yeah.

OK, that's that's interesting. I want to follow. I mean, there's so many different trenches right now, guys. Like if I go back to the topics, I mean, shit, there's a lot of stuff going on right now with with reforms being higher. I mean, Mando, when do you think we, when do you think we're going to see it? As long as next high when when are when are we going to head that way? Because it's it. It's looking good, man. I I, I woke up this morning so I

sold nearly $180. I was like let's go, let's go. How do you feel? Because that comparison's right now sold and Bitcoin running together. So I've been reading a lot of that all the time over the weekend. Yeah, Solar seems to be in its own plane at the moment. It's it's got the high PPS, it's doing the most X volume it's doing the most meme coin volume, it's got the I think it's got its NFT dominance is something like 55% right now of new users like.

It's looking good. And all these partnerships with different people for stable coin transfers like this is, it just seems to a lot of things going for it. I think it'll be interesting to see on Thursday or Friday when we get the final decision about the ETF, what happens to all the different ratios. Like is that the bottom for ETH, Does it, does it pump or I just don't know. My guess is that you see some sort of revenge pump from ETH on

the rejection. But I still just think that Solana, it's Solana's cycle like you can't be here and not think it's not happening. Like it just feels like it's its cycle. And we said when it was down at 1:20 or 1:30 like swap out of bags that aren't performing into bags that that were, I bet a lot of people didn't and I think a lot of people that that what's actually happened is bitcoin's moved up a little bit since then, probably 5%.

It was at 6263 K and then moved up to like 66 K So it is sort of 5% Solano is up like what is that 120 to 178, what is that 30%? Nearly. Wow, no more than that 50 percent, 50% that's a 50% move. Like it's fucking insane like you could have. And I think a lot of my bags which are not Solana, I kind of unchanged or lower even since then says says a lot. I still have not taken a trade in almost two months. I'm good. Like, same shit.

Like Solana was out at 1:50. I was like, fuck it, I wish I had more money to buy. I had no money to buy more. You know what I mean? Like that type of thing, but like, it's like the same thing every time. It's like, when are we able to buy a dip on Solana? And you people keep asking this once every time we're up on the show. And like, like literally, like last week was 120 bucks, you know what I mean?

It's like it's like I, I, I, I, I it's good to point it out because it's like we come here every single day and we talk about it and like last week we were on here saying like oh it's gonna go up at some point or another like don't listen. And here it is like $40 higher, which is a lot of money, right percentage wise, like like double digits into a percentage and and now people like, fuck, like I missed that move.

But like you had that move when Iran decided to respond to Israel last month and you had that move again last week because everybody thought that the economy and the rate cuts and all this shit was going to come and ruin crypto, right? All of a sudden everybody was bearish. Remember we all ranted about that on the show.

All three of us even Ovi was on to rant about it last Tuesday and and and here we are now with with with the same narrative now that everything's up. One thing I thought was fun this weekend to follow was was Don Alt versus the whiff community. So that was one thing from the weekend that I thought was hilarious. Being a a whiff holder myself my hat is still on so is Tyler's clearly and and and you know

that was fun to watch. Though like I'm not going to lie, like the communities do get riled up when memes go down because that's one thing we saw this week, right? Was like, so up up up up up. But the meme coins on Solana were not up, right. So actually WIF was down like 10 plus percent with Solana being making a sharp move from the one 30s to one 70s and then I'm here like, damn, you know that's not usually what you like to see but all memes were down like Pepe

mog whiff like across chains. It seemed like there was like really memes going lower with with Solana and Bitcoin going higher. So anyways it is a rejection week for East this week and is a bullish rejection week. So it should be a it should be a good one ahead for everybody. Tyler. Mr. Tyler. Mr. Tyler. Let's talk about all dreams and dreams a bit here. Yeah, I know you got, I know you got quite some things to hit on. There's a lot of stuff going on

the blast ecosystem. There's a lot of stuff happening around the around the clock Zach token or whatever that is. But give us the give us the give us the TLDR here. What are you seeing? Yeah, the the big four. We talked about fridge a little bit, so I'm going to cut that out. The big four fantasy top floors are down after main tournament two though prizes were pretty good. So that was an interesting dynamic. Wolf Game is finding some serious success again after migrating to Blast.

This Pew token launched their presale on Blast on Friday. It went 16X oversubscribed $10 million in deposits and then now they have launched a pack Moon like social campaign and then this exact token it is leading the memes. So those are those are the big ones. I think we can dive into each of those if you want here for all. So I think high level blast right now busy weekend, a series of headlines, Blast protocol TVL is up 10% over the weekend at

around $1.6 billion. I think total money in blast is closer like 2.32 point 4 billion if you if you count the money in wallets the from a protocol TBL this is effectively the highest level it's seen. So we saw a little bit of thought on the timeline last week around when the points conversion changed. It was like 36 K points to 1 gold. Now it's 100K points. Some folks said they're going to leave. The reality is they're not leaving.

In fact, more money is coming in to these protocols right now. On the fancy top front I it was a bumpy weekend, so Main Tournament 2 did, and the team announced 4 new leagues that are coming. The idea behind the four leagues is to split the competitions up and make them a little bit more fair so it's not folks with who have a 1/8 bankroll feeling like they had no shot to compete against the whales.

I thought that was a good move. Overall it seemed like people were pretty happy with the prizes from tournament 2. But still anytime you have a big tournament and it ends, you have a a huge unlock of the cards the floors did dump afterwards. It does seem like on. The cards this weekend, though, it was like slashed in. Half like I think yeah a couple things happened. I think some cards were were just mispriced and it's like this.

The other thing that was happening during this tournament was the scoring algorithm was changing and folks had bet that the bigger accounts like perhaps like yourself like Zeneca were going to perform better under this new scoring system. And the reality is it didn't really pan out like folks thought Zeneca had run up very high. I think he took a a fairly large hit, but I mean other cards are are repricing them and moving up.

So it's just going to continue to be that this game of, you know we're we're going to see how folks score some. Some are going to be mispriced. They're going to run up. Some are folks are going to get too expensive or perhaps they're going to get tired and then they're just going to start you know coming back down to earth. But we've got, we've got a big week ahead so we've got the common tournament, the 20 star cap ends today. We've got the rare tournament

that just kicked off yesterday. 700 How you doing on the 20 star cap? I'm like 140. I was running 140 this morning. Let's see if Dad grew up. Scoring. Where did you end up scoring in the last tournament? 165 right now? That's nice. Keep I keep dipping. Mika. What the fuck is Mika doing? Drop the pod, Mika. What are you waiting for? I even start Mika, I texted her. I'm like, dude, Mika, come on,

One pod, one pod, Mika, one pod. See, I thought I started a good team and I I'm kind of like, you know, come on. I thought Jen was like main character here. I actually she's performed kaleo. That was a sleeper. Kaleo was the big comeback. I like that. You know what? They fixed my score though over the weekend, but it ended up happening yesterday. All right.

So you're moving. Up. Yeah, moving up. Not the best, but he 83rd on this tournament from like 1:40, so I'm pretty happy to see that. I'm not gonna lie, I was starting to be like dude, like fuck, I'm tired of tweeting man. You know one thing though, I I I realized, you know how I realized there was some fun going on in fantasy top Tyler is because I kept getting tagged into arguments. Because I guess card holders of mine were not happy with new scoring.

And obviously since they paid for the cards, like, they were not really happy. And so they were going back and forth with Tyler. And so I went to the feral card holder, the fantasy cult, the chat. And I was like, guys, please, please, let's not blame Tyler and the team for let's not make me look bad here. You know, I I like them a lot. I like the game. I don't give a shit. I could be last hero, for what it's worth, Like I got a business to run.

I mean, Tyler, but that's how I got kind of caught into the beef type or the FUD thing. But everything's good, right? I mean, I did see My Portfolio go from 20th to 11th. Life is life. But besides that, I think I like the way they're they're navigating this. What do you think I? Think they're doing just fine. I think the prizes were were good. I think most of the power users were happy with the prizes. I think the splitting into leagues is super smart.

It makes the game more competitive and I feel some folks are perhaps burned out already. I get it, but here's what's going to happen. Blast Gold Distribution 4 is going to happen sometime in the next one or two weeks, and Pac-Man is going to reward Fantasy Top at the top of the list because this is the best app he has on blast. And as soon as folks see another two or three million Blast Gold coming into this app, they're they're going to come back and play.

And I I think we've seen, I think the whales are continuing to to make moves, they're continuing deposit, they're continuing to make bigger teams because they see these prizes. So I think that's a positive sign there. There are folks who are who are willing to invest. They're going to be harder and harder to beat.

But I mean there's a little bit of game theory and perhaps you run out a a bad team in the next main tournament so that you you get knocked down a league and get relegated perhaps to a league that you think you can win. So there there's a lot of game theory with the main tournaments. I love the common onlys because I think this is still the most level playing field that you can really have one of the top teams in the in the 20 cap.

They built it for like 0 point. It was buildable for like 0.5 E So I mean you you're not going to be able to build, you can't expect to be able to build a team pretty much cheaper than that. Like come on, like you can't come into a new app with .1 ether or something. And really I think you're going to make a splash. So it was possible. And then this 15 star cap is going to be even harder. Like, I don't even think you can play. If you play A7 star guy, you're

going to have to have 4-2 stars. So like, I don't even know if you can do that. Do that one I don't, I was think I don't even know how to play this one out another way. It's going to be hard, but we we can we can strategize a little bit. This week I haven't even started really thinking about it because I was getting ready for the rarest tournament. The rarest tournament, perhaps a little bit more of a whales game because you could power.

You could power your way into some good cards if you really wanted to spend up. I think that's what OX 5 did. Like let's look at he he's in first. Who's he got? Look at that team. Wow. So you can't beat them. So OK, that's like the five best players in in the decks though, like in the whole thing. That's crazy. He's got Greg Gout and some block rays and and BDB, so he he probably spent 30 Eve on that team. Yeah, that's great. Like look at mine like compare.

And that's. I consider my team good. Oh, wait, hang on. All right. Wait, listen. Wardaddy. Come on, Wardaddy. We got we got to push. We got to push. All right. I'm kidding. But I I thought I had had a good and I'm thirteen hundredth. Dude, that's not even top 50%, I think. But you know what it is? People are asleep on this reward, right? 220 K blast gold for 2500 players. So even if you come last, you're fine, you know what I mean?

So I think people are not realizing that, and that's the point you're trying to make, right? Like on on Able, right now the secondary market blast is up as well, 'cause you you mentioned TV also went and checked, so it's trading at 4 billion now, 39398, where was it 360 something when Mando posted the other day. So like that's something to pay attention to. So it's definitely interesting. So what's happening on the on the Wolfgang side, like I I know, I know you followed up

pretty closely. We, we've had them on the show before. We've covered it a few times back then. Obviously I have a lot of friends that are involved in it, never really dabbled as much but followed closely. So what's happening now? Because that that whole ecosystem is pumping like crazy. Arguably the biggest story in NF TS right now is wolf game.

So the team they re sparked major interest after opening this bridge to Blast. Since they've done that, 20,000 blast sheep have been minted for free in this open mint that they have to various holders of Blast ecosystem communities as well as various ETH NFT communities. So tremendous success there. And then the B Wolf token is up 100%. It might be up even more than that.

I saw it at 20 million market cap here this morning and I think many are just speculating that Pac-Man is going to reward this team for making the move. Yeah, let's take a look at this. It's up only. It's a young coin. It's a young coin. But that's insane. Yeah, it is up only 22 mil. Wow. So, So what happens now though? So The Cave game is going to start here soon. OK, and that game is almost.

But that game will be on blast. The folks who folks who have bags on ETH are able to bridge them over so you can bridge like your sheep. All your NFTS can be bridged over. The wool from ETH can be bridged over as well. So just know that if you're buying the B wool token like everyone who has bags on ETH can and and likely will migrate, migrate those over. So just just be migrate. The entire ecosystem to blast. Yes. Got. It and it feels so sharp. It feels so sharp.

I don't think it's a great move necessarily for your average entity project or for the bigger entity projects on EVE. But for for Wolf game, a game that you know caught the the community's zeitgeist back in 2021, had tremendous success. But it sends kind of quieted off a bit. What better way to get the spark back And I was talking about this a little bit on Friday, like what games are you going to play on Blast right now? I was supposed to put fancy top of socks it's kind of its own thing.

So we we had crypto valleys which feels like if you're entering that game now it feels super late. And I I don't think many folks who come to Blast are going to do that. We have like the the Cambria game similar it feels like you're entering the game. Like this is a new game that's starting with a level playing field right now in Blast and for we talked about this last week.

I think that the first question everyone had like post AirDrop announcement when it was got pushed to to late June, OK, how do I farm this? Like what should I do on blast if that's what everyone wanted to know. Like this is going to be an easy opportunity for folks to step into. It's got a free man, you know you're not going to have to deposit the ton to really start playing this thing. And I think once the game launches, it's going to be telling, but I think we're going

to see some big action. Yeah yeah it's interesting it it it does make a lot of sense for Wolf Game actually. I agree with you like it's not every project like it's not like tomorrow like I don't know like a port of y'all club like APFP project and just move on to blast over it like that. But like for for someone like Wolf game and also it seems like

they're. If they're they're talking audience fits the blast narrative like the jackpots and the degenerate and everything and the the the the, not the gambling it's the it's the like the. Like they're playing odds. Like they're it's like a, you know, trying to stack goals like it fits. Play to earn. Yeah, that's what I mean, right. It fits like the people on there.

So that's that's a that's a smart move I guess on there and what else happened on Blast, I mean you have this that we have time, we have a month until the the the tge, right. So you'd assume that we're going to or we're going to see a lot of more game find move to blast him because of wolf game like even if it's to catch a short term pump, we may see more of

that. Maybe my read is and I talked to Zombie on on my show on Friday. I I feel like this has been in the works for a little while and he he didn't really say it but he he in a roundabout way he said that Pac-Man like they're they're going to give them the gold. So I'm expecting a large gold allotment for Wolf game in the next blast gold distribution when that comes and perhaps the the wild card is will they hit the jackpot. So a big reason why people are buying wool is to insert it in

that deck. Can we talk about that? So Ole hit the jackpot and completely dumps. Can we actually connect? Ask you like what you think about that meta now on blast was like catch a shit coin until the jackpot hits, then jackpot hits and it goes to fucking zero. Like the dumps on these shit coins post jackpot are insane. What do you think of that? Like at this stage it's just like scratching a lot of your tickets so you're not really

buying. So you're not really buying meme coins for the meme coins themselves at this stage, you're just buying them for the chance of winning a jackpot. What happens when everybody was in jackpot? Or does it like we think of that matter? Jackpot chasing? I'm not chasing the jackpots. I did that a little bit early on, just saw how quickly you can

get burned. I think you still have to buy tokens and entities that you like and believe in that aren't just going to dump if they hit a jackpot and I think wool. So I did buy some wool full of scrolls. There's not a ton, but it's got a few things going for it. Like I I think it has a shot to hit the jackpot, but also that this game is just about to get started and I think it's got a shot to be like the the biggest game here for the near future.

So there's a few different. People is on a shit coin. Like, I I mean, I don't see it as a mean coin. That's an actual game. Like they've built something on East and they're building it somewhere else. But I'm seeing for the in general like the other mean coins. Like it's dangerous, man. It's like landmine playing landmines with these fucking meme coins. I saw your chart of my Olay down like 20% since it won the jackpot. PAC Man's pretty much the only one that stood that test of time

so far, right? PAC Man's doing well, but also if you think that, I think if you're in PAC Man's shoes and you want a bustling crypto economy on your L2, you need to have some meme coin success. And you know we've we've seen that what that can do like what it's done for Solana, the the wealth effect that it can create.

I I've already seen I think PAC PAC Moon has created a a wealth effect on blast and folks who have run it up on that have been able to rotate their gains around the ecosystem. But guess guess what like no one else has like no other products is really running up like that. So it opens the door for products like Pew and I have no idea if Pew's going to do well or not. I put some money into the pre sale. Again, not a whole lot that.

Was a big pre sale on blast this weekend. $10 million presale on Friday. They should have closed, they should have closed it and they well, they should have launched it probably as well. It's oversubscribed by 16X. When I saw it, it hadn't even hit the 200 ETH cap yet and it ended at like 3400 ETH sent to this token and they've got a decent website. They've got some gambling elements going on here with like 5% of tokens are held back for

you like this wheel spin. And then they're also doing the PAC Moon social playbook where they're giving away 500,000 tokens here this week to the to those who build the best meme content and and tag them, it's, I mean, PAC Moon was first, right, the first one to run out that playbook. They're going to have the most success with it, but I get why these teams are going to do it and the the, the creators are

still hunger for this. I mean, we've got Franklin telling us the time of day every 5 minutes, right? So. It I know it's gotten such a it's so funny we were talking about on thread guys face last week like are some people going to have fatigue or not you're going to see. I mean to me like I've been part of the creative economy for over 10 years so I don't care. Like it's the same thing. We've had incentives to create or not. People create.

Some people come some people go. I'm excited to see the next we're we're in this weird funny period of social fight which is like really like we're trying to figure out what sticks at the moment. So it's gonna be interesting to follow this as the industry grows. So that's that for blast. I mean look PAC one's on a nice little reach. I need to finally start building a PAC1 position. I think I I'm sorry I'm next

tools here. I usually text Screener but I can't load the chart on there for some reason. But it's like a nice, what is it at 1:46, it's not bad. It's really $84 million market cap. I know OV is like turbo Bullish on PAC Moon. So is DS and a lot of you guys. You see that Wick, the the Wick on Friday. I think that's our I think that's our friend. Well, that's the guy that bought like a big portion of the supply, right?

Well, I thought that was the the OV Wick, but maybe I'm wrong, but I do believe he he piled another. No way. I was OV. Oh my God, I love that. I love that. I love that. That's something OV would do now that he's retired and and chilling in the sunny London doing his thing. So a lot of people are liking it, man. I like Pac-Man a lot. I like it. I don't even have any. I just. I really like the coin. I think. I think what they're doing is

awesome. I love there was an article this weekend on The Crypt that about 9059 that I thought was awesome about his pack moon trade, how he put 2 tweets out and you get 100 grand. I thought that was awesome to see and a lot of people are picking up more of what's going on on the chain, so that's interesting. Anyways, anything else, Tyler? Anything we didn't touch on or I think, I think we've gone around the block pretty well. That was blast. Do you want to talk Zach at all?

That coin, I mean I used to follow this guy in 2020. Do used to like, you know, there was like a bunch of pump and dumps like Zach Attack and Zachary Morris. Like he would tweet item on notifications because he would like call all these backs and everything and then they would pump and then, you know, you'd have to get out early. But I'd know they got indicted or something. They got in trouble with the DOJ, but what's the latest?

Well as far as I know they they got indicted but they beat it. So it's it's the Zach Morris character. He effectively launched a Zach token in its title. I don't know if he actually launched it. He is he's he's promoting like he's pumping it. So he he talked about it on his Instagram a a few a few boys in the home discord found it at like 700,000. They saw his Instagram post and they they told me about it.

I I did not get into this thing saw it at 10 million it pumped so fast and and I just faded but and now it's at 40 million. I mean it's it's probably the highest performing coin of this past weekend. Oh my God, he's added two minutes ago. And yeah, so he he, he he continues to push it. So he he's not going to stop.

I I don't know this guy but from what the the the people that I've talked to who do know him say this this guy is I I heard him called that the pied Piper of retail in that folks will follow him and we've we've seen the Phantom surge, right that that took place. They're like #3 in the App Store this weekend. So if you can pull folks, maybe I I don't know if it's just tied to that, but it's an interesting coincidence, right, that that he comes that he starts promoting

meme coins three days ago. Wait, are you telling me that he is more bullish than Roaring Kitty? Should I say Boring Kitty? And the boring Kitty saga feels like it's over already, sadly. I mean, I don't think he maybe he's not as well known in in like the the, the CT streets. I I don't know. But this guy feels like he's a he's a market mover for sure. I believe he said he's not going to to sell any of his Zach, but he's going to pump and and

perhaps dump other tokens. Everyone needs to know what they're getting into. Like this guy was indicted for for securities fraud and pumping and dunking, pumping and dumping stocks. So know what you're getting into. But I mean he, he's got huge reach. So I don't think this is the last time we're going to be talking about Zach. Wow, he's back dude. In 2020, dude. I used to follow this guy like I used to read all this week.

It was so funny. Like he would be like piling the club like shamat slate his back and then they would like pump it and then get caught. Like it grew to 0 so fast. It was in the back of the GME and AMC shit, you know what I mean? That was wild. And then I saw these people get in so much trouble. Like they it's actually wild. The stuff that the allegations from the case. It was what I followed a little bit along the lines. It was actually some crazy shit.

But yeah, interesting. That's interesting. It it it could be that they're responsible for some of the Phantom stores this weekend. You're right. It could be. I'm not saying it is, but that would make the most sense. This is hey, Bring on the retail. We may, we may, we may be getting it via our friend Zach Morris make. All the retail, make all the retail anyways. All right look that's a good roundup.

Let's pick a winner. So hey, let's get you know what If you want to have a chance to win 100 bucks right now, request to speak. I'm going to have Tyler give me a number between one and 100 or whatever, and then I'll count and I'll stop and we'll give 100 bucks away. So we request to speak now if you're on Twitter spaces, pick someone for 100 bucks and go off. But that's that's interesting. Thought I'm going to follow this one closely too then, because I wonder what happens then.

Unless it just turbo dumps and ends here because we've seen this happen as well. So be careful everyone. If you're following this, it's one of those that you really have to understand and know what you're getting into big time. All right. Tyler, give me a number between 1:00 and let's say 25. All right, 17. 123456789101112131415161617 Manic Manic Under Score V4.

Let me put it on the screen for Bernie because he's going to get it. Manic under score V4 will reach out to you and make sure you have a robot account and we're going to tip you 100 bucks for listening to today's morning show. There you go. Let's bring back the $100 giveaways back. You know, let's bring him back on the show because we can. Why not? Let's give it away. All right, Tyler. Well, have a fun show. Have a great beginning of the week, everybody.

And with that, with that, with that, we'll set tomorrow morning 10:00 AM Eastern Standard Time for the episode of Four More Hour on Rock Radio. Let's. Go.

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