Ohh yo-yo yo-yo. What up? What up? Good morning. Good morning. What day is it? Thursday. It's Thursday. It's the most Friday. So today's Thursday, Thursday, January 444442024. Ohh, it's probably good luck. Thursday January 4th 2024. Look at that. Another beautiful day to have a beautiful day. I got my clothes in the house. OSPF Mando, how you guys doing today? You guys, it's just, uh, another day of markets bouncing back, huh?
Another day, another dollar. I mean, I couldn't say that yesterday cause dollars were lost from a wallet that I controlled. But you know, they're, they're being made. They're being made back. They're being made back as we speak. Mando, how you doing today? I'm doing awesome, man. Good day. Very, very good. Day. Good day. I mean, the bear market lasted a whole 24 hours. I mean, we opened the show yesterday. It was like a it was, it was it, it was like it was just bad.
It was a bad price and this morning it's good price. So, you know sometimes maybe didn't wait for the keyboard helps a lot. You know something? A lesson that definitely don't take. Pardon me it. Was a gift. It was a gift. Yesterday was a gift, but I
wasn't. It was mostly a gift for you guys like in Europe and stuff because by the time like East Coast woke up and let alone forget the West Coast, like the flash crash that happened, like that 40K Wick, by the time I woke up and I woke up, I get up about 7:30-ish, it was like 42342 five. So you know, which in retrospect like that is still a gift and we'll get into that. So today on the show today, today, what do we got? We got market reports, updates and moves.
So we're going to talk about yesterday's, you know, massive liquidations of course and the rebound today on the multiple coins yadi, yada, yada. So of course looking back at Matrix report, I saw Jihan tweet out some stuff as well, blah blah blah. So that that's that's that meme coin checking looks like we got some looks like we got some healthy rebounds across the board on all chains.
You absolutely love to see it and and again some some some other altcoins that are that are starting to make the headlines again obviously be UH, SATIA etcetera etcetera. So and also meme got an investment by Binance for it's worth. So and I saw so zai was listed on Binance as well. Quickly go over all these different alts and what not and then NFT roundup, NFT Roundup we have node monkeys hitting quarter of Bitcoin floor. Wow congratulations to everybody that's in the trade at the
moment. Kijiji, well done. We have Jack Butcher teasing Ordinance project. Or not, I don't know, maybe it's just a post about Bitcoin in the network. And then Avenged Sevenfold shadow fellow crypto punk holder minted 1,000,000 NFT's with Ticketmaster. So why not, you know, bring it, bring it up and maybe we get him on the show next week. And then ETF talk of course tomorrow. I just found out that, found out. Been working on it since it was on the show yesterday that we
called DM, right? Well, I'm really excited because tomorrow Eric Bakunas is going to be joining us at 11:00 AM Eastern Standard Time. That's like the God of ETF. OK. It's going to be joining us tomorrow at 11:00 AM Eastern Standard Time on formal hour to talk about Bitcoin ETF. So tomorrow could be a big day,
tomorrow could be a big day. And I think having senior Analyst for 24 years at Bloomberg on ETF is going to be a is going to be a is going to is going to be to it's going to be really really interesting entertaining man. You gotta stop making me laugh bro.
I'm like Mando just like I just cheeky little smile while I'm talking every day and and then I go to it's kind of like the phone chat or like the gym went three chat which is tremendously and I it was somewhere he's writing something and he's always making fun of Ovie. So anyways moral story folks if you're a creator don't be scared of sliding DMS of people that you're trying to host cause I'm really excited now for tomorrow 11:00 AM I mean damn boys that's gonna be fun.
That's gonna be fun obviously probably led by Manuel and Ovi on that front but it's gonna be it's gonna be a banger of an episode when it comes to it says anyways we're third further ado why don't we get right into it. Just a reminder we are live on YouTube, rug radio on YouTube but also on X broadcast. It was posted by Mando and Rogerio and mobile to post it myself. Episode 33 of Four More Hour powered by Ledger. So why don't we get this party started? Which?
Which one are you should I go to 1st? Let's see. Let's see. You know what? I think we should toss it Money Market Report brought to you by Rogue Radio Word. Um, so you guys in a row? Yeah, yeah. He was not. I'm not expecting that. We should we should start like a like a quality market like betting thing every like what? Yeah, who's gonna pick and like who? Who, who, who, who's about to like give the market report first you know, I mean I thought that I think that could be pretty fun.
But anyways Ohh, talk to me. Talk to us. Matt Crawley is just quickly, not really much. New stocks closed lower yesterday, They're kind of unchanged today. We had some manufacturing data yesterday. We had the ISM, PMI data, which actually came in higher than expectations. So we saw rates move a little bit higher, but the big thing is gonna be payrolls tomorrow that is expected to be 177,000 that's
versus 190,000 last month. So we want that number to I mean I think the good outcome for markets is that for that number to come lower than expectations because I think it puts more pressure on the Fed to be aggressive and and raise interest rates so and cut interest rates so we'll have that tomorrow. That's gonna be something to watch out for crypto wise you know we've we've almost fully retraced the losses from yesterday we're at 40 above 44 K now Bitcoin ether is approaching 2300.
A few different old coins are you know, have have are up like ten 2025% this morning, reversing some of yesterday's losses. So um seems like even even in the last 10 or 10 to 20 minutes, stuff seems to keep going
higher. I think all of the headlines that came out yesterday apart from the random matrix port research article, we're all pretty clear that we are going to be getting an approval sometime soon and we're lining up for it. So there are multiple, multiple different headlines which seem to be accretive to to that theory. So like I think a little bit of
doubt was cast to the market. I personally don't think the reason why we dropped was that I think the reason why we dropped us because people were too long, had too much leverage and if it wasn't, that would have something else. Because we needed someone to blame, dude.
You need someone to blame. Yeah someone and to be honest with you I think like someone smart or someone with a lot of capital was like I see this report I see leverages high let me just send this to everyone and short and back the market lower and and it will work and low behold it did. So it's good. I think I I think that's a good thing because we we now have clear positioning into any decision and now there is a little bit of doubts in the air.
So whether we'll get it or not, or people have got a taste into the world of like happens if we don't get it kind of thing. Um, so I think when we do get the approval which I think is you know most of the analysts are expecting that we get the approval between the 8th to the 10th of of Jan. So that would be I believe Monday to Wednesday next week. I think it seems like it's unlikely we get something this
week, but you know we could. So it feels like to me we're going to, I've long been on the fence as to whether we it's a sell the sell the news or buy the news. Like do we really, do we sell off? What happens? I do feel like now we can and we will rally on the approval because it people it's now clear that it's not done until until it's done. And it sounds like trading of this of the of the ETF will will start very soon. People are saying in a matter of
days rather than weeks. So that's the thing I'm a bit more worried about like what if trading volumes disappoint and people think, oh, that was just a whole big thing and then nothing really happened, but it may not maybe trading volumes of massive and and and it does really well as well. It could be, it could really be anything so. Praise for this. I think we. Were what? No, I think they're saying it'll be ready in a few days. That's what the country, I
think. They're gonna seed it, but I don't think I still think it's gonna be weeks before they start it. I mean, we'll find out tomorrow. I think it's quicker than we originally thought, from what I've read. Yeah, I think it's quicker than we originally thought. But we can ask. Yeah, we can ask. Lydia. Asked the guy. The expert tomorrow, right? Well, they're gonna put that down. That's a question for tomorrow. Yeah, yeah.
Get that down. When are these ETF's if when approved like when is it actually going to be like going on. I I know, yes, it was a seating for for Black Rock, right. It was 10 million and this morning we got, I mean something that probably helped push back the pardon. Me, that Black Rock seating didn't happen. It didn't happen. It got delayed. It's delayed till Friday. People are saying that Friday is when people will find out.
That's what I've heard. Well, again, it's a fucking rumours at this stage, but like the comments that come back from the STC, they will be known by Friday, so people will know if it's going to go go ahead by Friday, yeah? Let the SEC cook you know let let let let the SEC cook you know I mean it's it's in the hands of the SEC that's a that's
a good round up I mean. Whatever you do though, like whatever you do, whenever you see this headline, like SEC approved, just just resist the urge to go Max long, right? Just just take a step away. I'm talking to everyone. See a headline and I'm telling you right now it's gonna be volatile, go up or go down or go up or go down and then in about 24 hours up the side what it wants to do.
But like if you're buying a pump on the day that that comes out, you're like 99.9% into the trade has already been priced in. So like just be just be like super, super aware you're going to, you're going to want to feel like Oh my God, I want to buy this. And even on that day, even if it's bullish and even if it's like medium term bullish on that day, it's going to be volatile for sure.
That's that's very true. I mean I saw who was it saying this morning, it was a good take, but it was someone, it was one of the big CT traders. I I forget the name now. I'll find the tweet again. But he was saying like, you know, this market is like right now like everything's trading based on headlines and to be super careful, right, because
it's not really ideal. And the headline from this morning, which one of the headline is probably like sent Bitcoin was Craig. Craig Salm, I think you said that to me. Ovi is that legal officer at Grayscale and he tweeted out just filling out some forms and that tweet got like a million views and the market pretty much sent on the back on the back of this tweet here like literally that this one and then you have James Savart was the other you
know ETF expert that we keep mentioning on the show who tweeted out a replied Anyone outside of crypto world that sees this tweet with over 2500 lives probably wondering what the heck is going on here. It's true. Like that was enough for for the crypto world to to absolutely send Send everything parody. I'm so confused. These parody accounts are so funny to me. But anyway so such a good chain of chain of tweets here.
Ohh Man X is honestly like it started such good but Bitcoin went as high as 44 point 44.3 here for I don't know 44
something 44 two. So long as running to to about 104, it seems to be running in the rest of the markets running with Amanda. How are we looking in terms of like funding and everything ahead of all that how's the and then we had a massive liquidations and if you wanted to to touch again on like what happened yesterday, I noticed in your minutes that was pretty much the headline of like it being the biggest liquidation event two years. What's the postmortem here, the aftermath?
Funding, that's incredible to me. It barely is. It's not even costly to have a Bitcoin or ether long for a whole year at this, this level. We are in a really good funding, um, period. And in my opinion, you also saw open interest go down a lot. It wasn't just the funding went down. Open interest went down a lot. I think yesterday open interest
was around 23.7. It's back up to 25 today, but like it's still down a lot over the last few days, particularly also given the level that we're at in terms of Bitcoin. So like the previous times that Bitcoin was hitting this level, open interest was much higher, much, much higher. So yeah, it's it's historically it's it's low. That was a big clean out. I think it normally takes some time for people to get back into trades like to work out they're
not going to get wrecked again. But I think I think this is still a decent time to consider getting into stuff that that is still down decent amount. I mean, there's still still down, what, 70 bucks from where it was yesterday, Bitcoins, Bitcoins kind of rebounded the best, but there's still stuff which is down. I still think it's an OK time to scale in. You got to be aware that, you know, we're up a bit today, but it's an OK time to scale in.
Yeah, for me across the board. I mean, you've seen a lot of risk added in in some of these, um, in some of the stuff that pumped yesterday. So arbitrary rooms back up at the top of the top of the charts in terms of level training say is as well as I am arbitrium breach $2.00 which is kind of wild that's that's been a big, big run say is up at $0.83 that's now I think an $8 billion fully diluted market cap which is kind of wild given that, but I think it's 10 million.
Eight, eight, $8 billion market cap, I think, right. I think you have to save like 7 to $8 billion, I think. I think it's me. I don't think it's me on the notification. Interesting. Definitely not me. It's not me because I don't have that noise on my computer. But damn it, I it's gotta be one of us. Let me tell you that voice, it's gotta be one of us. But anyways, yeah, you. I mean, where do we? Yeah, I mean, it's actually crazy. You're right. I'm going through the market right now.
Everything is. It's very strong, it's very strong at tier is the other one tier is just hitting out the high. I think that's a $15 billion fully diluted market cap now. So all these new coins, new coins, new narratives are running pretty hard right now. Today. What the hell? Yeah, it's gone massive, massive unlock coming in January, but but it's one of those ones where, yeah. That sound, who is it? It's 100% not me. I don't have that sound like a pizza.
Either you know what you do. You have to close the app at the top of your computer. There's a little moon and you just put focus mode on Do Not Disturb, you know, Ohh Wow. Arbitrium also just keeps on keeping on wow. So arbitrary's up 10 points to the again and it keeps hitting highs. You have tea that you just talked about some 24% in 24 hours that's down to 2 1/2 billion dollar market cap. You know what tax has been like crushing STX? Yeah, that one's cooking lately.
L twos everything is it's everything's getting pretty strong out there. It's just a very, very strong gay. You can see what's bounced the hardest. Anything Bitcoin or Bitcoin related is bouncing relatively hard. And then you have the LL ones, which people were getting behind
for a while. I think it is probably the the biggest one today because it's been consolidating for a long time for for a month it was kind of between 10 and 15 and now it's broken up to 16. So people are saying, oh, you know, it's going to go up to like 20 or whatever that, But yeah, that's that's a big move. Yeah, it's, it's, it's a decent day across the board for a bunch of different old coins, you know? Yeah, yes. It's just one of those days like this.
It was a perfect day to buy. It was a gift. It was a gift yesterday to buy some of these, some of these, because everyone was waiting for that dip. And then, um, people. Very few people, I think even bought that dip. It sounds like that though, right? It's like a it's always I should. Have it does feel like a lot of people were not because of the time you know that develop people missed it and leveraging people got caught off guard. It does feel like which I think is even more bullish.
The fact that people want it, like it doesn't feel like just anecdotally doesn't like loads of people bought it, which I think is even more bullish for if you get any ETF approval because it just seems like it's almost like people feel under risk again, even though they're probably not.
But yeah, I think people are a little bit, I think, no. I mean I I went on corn glass was while Amanda was talking about this funding rate stuff and it's looking like you're actually paid to be long on some exchanges right now. So it's a, it's a, it's a it's looking good out there. Anyways, I think this is a good market, market overview. I don't think we need to go into it much deeper here, especially the ETF stuff because we'll have Eric on tomorrow.
But the latest news yesterday came from I was Eleanor is that Eleanor right? The Fox abiz UH reporter that reported on the news that Eleanor Terrett sorry ladies coupe that we could get BTC approval by Friday with trading beginning next week. So Friday is tomorrow obviously, but again like I would tread lightly because like last week they were saying by Tuesday, Wednesday with trading next
week. But one thing is for sure is all the news headlines that I've read so far lead towards trading next week. It's just a day of the approval that has been like mostly like been speculating on given that the final deadline of course as Ovi like quadruple quintuple downed on yesterday and repeated over and over again because on January 10th, so which is about you know just a few business
days from now, right. Because I'm assuming that you don't just get an approval on a weekend or after hours or before 8:00 AM or something, right. I'm assuming these are like regular nine to five hours that you get these these news on. So it seems like business days wise there's we're getting closer and closer to one of the biggest you know events in in in crypto. So that should be very exciting
to watch. Anyways, in the other corner, I mean, we kind of like went over it already over it, but you know, there's a lot of the coins mostly on Solana seems to have seem to have rebounded here, thankfully for my bags, but you know, the dog still has its hat on and.
And and across the board though everything yesterday was decimated and was really grim out there on the on the ecosystem token side of things because obviously like Solana was down from 116 high on the day to $83 and same thing happened across the board. But seems to have seen some decent bounce on here with obviously just a bunch of meme coins just just going on if you guys like notice anything on that front, but seems like it's just a bounce across the board
here like there's nothing. I would say it's not just across the board say particularly Cortana like Salinas has been the one where they mean they were beaten up for a while. But like every single one of the top meme coins to see is is basically on Salon at the moment and some of the other ones and some of the other changes haven't really bounced.
So yeah, I would say this is where you have to go back to like or actually has TVL to buy back these things if you're buying, if you're buying a meme coin in some random chain, there's no money on that chain, then it's a little bit difficult. Whereas it does feel like some of these have bounced with has bounced. I think it hit like 80 or 90 million yesterday. It's now 135 UM and then yeah, most of the other most the other
meme points bounce. So it was it was strong there and then and if these NFT's actually so we're OK volumes yesterday. So it's been it's been OK period here for for weirdly OK 24 hours for for NFT. And I want to get but because there's like it's OK period for NFT's but there's a lot of like weird stuff happening on East NFT side of things which is like I mean not weird because we're all aware of it's been going forever.
But most of the volume that we're seeing like on the main collections are is just artificial. Like that 200,000 youths pump that would have celebrating the other day was a farmer. The massive azuki sweep was a farmer. The massive mutant apes punk was a farmer and they're getting ultra dumped.
And so I saw, I saw a tweet from EB7 yesterday explaining how he plays his game right And so that guy basically like sweeps and then I'll just read it. What he what he wrote here if I can find it. There you go. So shout to Eric for that. But he goes, apart from farming he's also fake pumping the collections. I warned about it before the make dump. He farms, gets dumped on lists way higher floors, goes up raises, bids, people follows he dumps and GE farm, they got
profit. Don't follow him. Just wait him out. And that's just not, like, ideal, right? It's it's you are seeing huge volumes so like the last day in the Zookeeper was like 3000 ether volumes. Produce was 3000 mutants 2000. Like these are big volumes and yeah it's it's mainly farming shit. So yeah I'll be the only real price action that happened overnight in ethnicities was doodles which like a long term swept them up to like 2 Eighth.
And then after the meme coin announcement, I think somebody swept some of the captains up to up to like 4 Eighth, but other than that, the only real like move a mover as Ben. No monkeys on Bitcoin which is just sitting still seeing huge volume. Yeah, and then Mad Bad have kind of rallied back as well. Yeah, I mean let's talk about
it, right. It's funny because now like when we do NFT reports, it's almost like we're gonna have to like separate also three micro like say because that was like you can't just talk Ethan, you can't. There was a whole time, like we've also had 500 shows almost. I'd say like 400 of those. You couldn't really well like zoom down. There's like 400 of those. There was not much going on like there was but not like worthy of like having a whole segment on it.
Now it's like you have to cut the NFT segment to three like fully because there's so much volume going on across all chains. And for us with Solana and Bitcoin are like passing E when it comes to this. Build it out Guys like you can go into DJ, you can look at all three chains, you can see what's going on. 100%, So let's let's talk about that. Let's let's go over this Mando.
So let's talk about this a little bit that I do want to mention the I know we pushed the Airdrops conversation twice. I was gonna scrap it but then like NFT vote put out a Bangor thread that is definitely worth her hard work to mention on the show. But basically on the east side we just mentioned it. Like there's both speculation on the Suzuki 2nd anniversary but also like this former that's like record everything pudgy Penguins.
I don't know if it's a farmer or whatnot, but looks like it's probably being formed. However still holding a strong 10th floor. Rightfully so. But the rest of the clashes gotta be careful telling that like it's very very dangerous. Like all the headlines, like yo, someone swept 200 of youths and stuff like don't be like chasing that because there's way there's whales that are playing games with y'all not only emotionally right but financially when it comes. That's very dangerous.
The only notable sweep was indeed Doodle. So go. As for the people who are not familiar with STC, he's an NFT like super OG, those early crypto kitties and everything. Like he's part of like Nate, Alex and all the crew was early with them. Could be an interesting interview, Like short 10 minute segment for It's worth, there's an article that he wrote back
then. He's pretty much the person that sold out, sold 73 prongs to sit, frees the Danny for I think $18,000 and a bunch of his pongs for very cheap. And it also has full set of autoclaves. Pretty sure he wrote about selling his Bitcoin too right before the last bull run. Like we're talking like next level, like selling too soon type of thing. And I remember I think him even talking about the toilet took on his mental health. If I'm not mistaken. I don't wanna like like be wrong here.
But I'm pretty sure I read an article and he came back into an NFT. He's been around like a lot of people that are newer let's say like last year like who's this crazy? Like where like OG like he was actually around. But basically like he he took like a year off I believe didn't touch anything like.
And he does that because of like obviously like selling too soon like happened once which cost him probably 10s of millions of dollars literally 10s of we're talking 10s of millions right full stop autograph is the said that Danny had a $35 million bid on just so people understand like and the seven trade park is 17 park like there's almost priceless so that was that was something so that is go West BTC so it's like super OG whatnot.
Interesting person to follow as some go back and forth with beating on timeline yesterday seems to be very bullish on doodle so he bought 50 and he's been part of that ecosystem for a minute though he's the guy who like he cooked doodles so like he's told like almost the top for like some rare doodles as well as as priests were going down. So that is like some of the only real volume happened on that
front. Then again captains saw quite a bit like you just mentioned uh with Binance, the Binance news that came out yesterday so captains are just cooking man like that team is you know obviously very strong. So Binance Labs without yesterday, right. January 4th, that's today, sorry at 3:00 AM.
So kind of yesterday almost we've invested in mint coin meme the native token of mainland mainland focuses on building and investing in social find creator economies to connect creators and communities so so that's that's interesting cause two years ago I literally said that every PFP project is gonna become like media companies and creator focused brands and it's literally happening. So I I I love I love seeing that happen because there's just networks right these NFT
projects. So it's actually really interesting. So that's happening on that front. And then Mando, I mean you you can't, it feels like you can't have been tapped into the original side of things. Like, I don't know if you're you wanna you wanna talk order those a little bit. Like are you is there anything that you're specifically following when it comes to or is there something that catches
Mandi's eyes? I mean it's just no monkeys at the moment like the the reason ordinals is as we've we've discussed a lot together it's like it's too early it just feels too early as an asset as like a as an asset class. So sometimes you can you can really buy into like a narrative and you can just realise that in a six months it's not even
relevant. Even though Ordinal remain relevant, No Monkeys seems relevant because it was it was there actually a February 2023 project so that like there are ahead of most of these other in that one that's when they were inscribed Um. So they have got this kind of historical significance to them and people seem to like the art around them. I don't know like they seem early ish and they haven't OK narrative around them given
their an earlier inscription. So yeah you get to when you see nought .2 Bitcoin which is yeah which is like 8-9 K right now like that puts them in the top ten PFPS already like they've already flipped the Bitcoin frog. So and the volume look at those volumes like 133 Bitcoin volume in one day that's that's that's kind of wild that's what close to 5 million of volume. 30 Bitcoin Wow. Yeah, so, so, so huge, huge volume going through. I think pay attention to them. I don't, I don't.
I think the trade is, you know, for something like that now do a 2X, to do a 3X, to do a 5X, I think that's quite tough. The opportunity cost is very high too, right? Because you're you're spending bitcoins, so you're spending. Just just the number of people that have 30 grand to spend on a on a on a profile picture becomes a lot less on Bitcoin. Obviously. This is something that I think we all have to get into our head though. Like bored apes went to 450 grand punks went to what?
Did they get to like 2? 100 and it was it was punks. I went to four. 50 to 450, yeah, yeah, if they were the same, similar. I think they're both four 5500 area. OK, less relevant. Well, I mean, it's just that the Bitcoin guys can they can take
shit to that level. Like we could see absolutely insane stuff if they want to pump their own projects, like Bitcoin guys, yeah, they did come to eat and they bought Ethan Teas. But like if they want to and they want to buy in some of these narratives, they can. There's just so much more money on Bitcoin than there is on any other in in any other asset class. So I and you say this yourself for like you kind of want to spend your NFT on the chain that you like you're on.
Like when you make soul, it feels like you should buy soul entities. You don't sit there and like, I've got some soul. I want to buy a Bitcoin NFT. And I think that's something that we're going to see. I agree that like the historically relevant punk stuff. So I think at 7 or 8 grand, that feels already copy for for the PPS that we've kind of seen
early doors. And I'm not saying babies at all, but I'm not going to put a lid on where I think any of these ordinances can go, because I think they can really just go fucking insane. Yeah, it's I think the second like you remove the clunkiness from it, it's going to absolutely rip. It's gonna be wild. And I think people are front running that and getting ahead of it. That's the feast, at least for a lot of the ERC 20 action. Like, like inscribing pardon.
One thing I would say about the clunkiness, it was always gonna be there. If you wanna do it with a self custody wallet and you wanna do it by yourself, like you would go on to open sea like a decentralised marketplace, it's always going to be clunky. That's just the nature of Bitcoin. What you're increasingly seeing is like more centralised marketplaces like OK, X for example has got a very, very popular ordinance marketplace.
Um, you're seeing all the BRC 20s being listed on centralised exchanges. So in some ways to have the smoothest experience with some of these Bloc 20 stuff, it's going to have to happen on centralised exchange where they have supply where they're able to like make that experience easier for you. But I don't think the clunkiness
is going to go away. Some of the L2 stuff, like the proper utility stuff trying to build on Bitcoin that that will have a more with experience about the stuff that's happening on ordinals via your own, you know, an Audi wallet or unisex wallet or whatever, that's always going to be funky. Yeah, that makes sense. I mean sometimes like that's what attracts like some early traders anyways, like the fact that it's clunky and you get get in early before it gets easier.
I'm pretty sure that's what happened on theorem anyways, right. So it's a it's it's it's interesting trade that some people are willing to take with like sometimes higher transaction fees and longer time wait times. But if you can't wait 10 minutes for an NFT, I don't know, you know, I mean like for potential, like, you know, so the people that like waited for the Node Monkeys obviously clearly got rewarded on the trade here for those of you who realise your kids.
So it's it's, it's very interesting. We had a good question from the audience here on YouTube, Mando. It's directed at you actually. I mean, when crypto punk, you know, doesn't matter hold a crypto punk. I mean, what when when punk with hat ohh you muted? Ohh. Only it's so funny. No crypto punk for me at the moment. I have been looking at one at various points but yeah, nothing. Nothing yet. Not this cycle. This cycle is gonna happen. I said cycle, so it could be two years.
Yeah, maybe. I just feel like my my PFP is always going to be my Rep guy. No, no. It's kind of over over. Has this pump is not changing P right? So then it becomes more like a collectors item slash investment thing. And I don't know. I feel like right now, at this exact moment, I still feel like I'm doing OK in the in 1/3. Yeah, you're doing OK in the in the in the coins here, right? So that's, that's what it seems like anyways. So still on the NFT stamp NFT front.
I mean we got this tweet from Jack yesterday saying I mean it's just explaining kind of like the the mean pool or you know obviously I've known at the main pool when it comes to the Bitcoin. I don't know if that means he's ever gonna do a a an ordinal drop. But I wouldn't be surprised, honest, to see a lot of that. If folks like tour like I'm sure Jack Punch is gonna do an order this job it's for sure it's it's like it's like I I don't know I'm like convinced this is gonna happen.
So you have that that happened yesterday they were they were a lot of people got excited about that. So that's it On the Bitcoin front it's really like frogs and monkeys right. And there was a tweet you sent yesterday with like, like the order of like one of you guys sent me like a link of like someone broke down like the inscription number and the earlier date with the. Yeah, it was kind of slow, yeah. But but no, Monkeys was the one that was inscribed on an earlier sat than the frogs.
And then the puppets that you're seeing on here is what minted yesterday. But apparently that didn't really go as planned. So that's really what's like going on on that front. Of course, as usual, like, tread lightly. Doesn't mean every project over there is going to be worth money, especially when you're dealing and you, you know, very young, clunkiest place. And then what? Super top heavy.
That's what I would say about unlike Solana and and and ethnicities where it's like oh um, it's it's a range of different projects seeing like large volume, it's really just like 1 project often on ordinals and that seems like all the volume. Yeah, it's that's usually what happens. But I could, I could see the monkeys like like there's like genuinely like a lot of like people like actually swapping the PFP very often.
Like traders just buy a bunch and like say they're here for the vibes and then they start selling off. But people are actually like sort of starting to make this their identity. But hopefully we stopped seeing the same tweets from the same people, like a new collection every week saying that it's giving them early crypto punks and early bake vibes. For the love of God. Actually, I'm going to rent. Can I? I I think, I think all that shit's coming back.
We better get used to. People coming back. But like man, when I see tweets from someone that actually like sometimes friends of mine like, not friends like people I fuck with. You know when y'all say ohh, I'm seeing early punk holders and early ape holders buy this shit that's like so bearish? Like I'm sorry. Like most of the stuff I've seen come out of these chats, like has Liddy had a lifespan of like 2 weeks?
And that's not, that's not a knock at everybody, at anyone, but it's just like stop using like the next crypto punk narrative for that. Let's just like leave that in 2021 or even the next 8. There's not going to be next and I'm still at Holder and I love my He's 5. Like there's not gonna be a next board API club, OK, there's gonna be the first node monkey. There's going to be the first.
I don't know what the fuck you want to call it next, but like, the same tweets that went last week about frog Nanas are the same tweets going this week. But no monkeys. It's almost like an insult, actually, even to the no monkeys, because like that has much more fundamentals than other projects people are talking about, you know? So I don't know nobody in it for the art, but ten of something. We ain't gonna be boomers, let's put it that way.
Like you can't be one of those guys who looks down on the people coming that there's hopefully gonna be a tonne of people coming in in. 2020 I could never be a boomer because I'm told left curve I am so so so so so on the left curve man though I mean you see me trade you know my trades you're very well aware of how life curving like I'm all the way at the left of that curve so I could never be that guy because like because people were like shitting on us all 21 making fun of us that we
cook them so so that that's never gonna happen But like as a punk is that an ape holder. Myself and community members of both like let's just not call these new projects and export APE and next crypto punk is all I'm asking. That would be great. That would be great. Like great guy is the first red guy. You know, I mean like playing is the first play. Like monkeys are the first monkeys but dog was the first doggo. I'm naming all chains here
right. So I think, I think I think that's that's what's up. But besides that, the last train we didn't mention on the NFT front is Solana And of course like the mad lad suck huge uptick of 20 points so that bottomed out about 150 soul yesterday is back up to 175. I want to enforce censorious back up above 100 sold that was down to 93 soul. And then the forgot forgot I was just mentioned seemed to be strong above 10 souls.
So it's about 11 soul cleaners still above 30 soul you have badaga still hovering in the 10 area like 8910. Even the famous folks are big. They're big on there. They're about 19. So that's yo. I like the fact that y'all finally added like all three chains on the D Jens thing. So if you're gonna DJ's on finance like you have Therium, Solana and Bitcoin and NFT's with their supply holders, volume one 730 days, floor prices 173 days and four price currently.
And it's actually pretty good and it updates. It updates live. So you get everything you need to know over there with and you guys are still writing reports so it's pretty cool in the last biggest sale. So you see that? Wait, that can't be real, right? A 40 E loot sale. Yeah, there's been there's been the odd big loot sale recently. I don't know what the. Someone playing games, right? Ohh, someone's playing it like do you guys remember? Look like, yo, that was crazy.
That was crazy. Loot was absolutely crazy. But anyways, that's that on the NFT front. Look, there's not too much more to go on about. Besides, it's one last thing. I didn't want to give a shout out to Volvo, who seems to be working at Magic Eden. Yes, ecosystem managers, I'm actually going to like and retweet so you guys can see that. But air drops. Last few days we've been talk about air drops. There's too many. Honest. I'm having trouble talking about
them because there's so many. And then explaining, explaining all of them. But she wrote a everything you need to know about 75 upcoming potential airdrops. So it's a really good extensive list of everything you need to
know about airdrops coming. So it mentions like ZK and Stark, Net Dropper, finance, everything sort of explains like a lot of these are bridges, a lot of borrower lending for example like margin 5 and over you sent me that one lot of people are are are using margin funds to lend their tokens and rack up points and whatnot. Rainbow, blah blah blah. A lot of the stuff is on Solana, but it's not just Solana.
Is Tia Adam Solana. I don't know if there's some some etherium stuff, egg and layer that that one seems to to. There's going to be big even like inspect and whatnot. Wormhole of course. So there's all of these like Air Drop man finance and I've been using my hand to like swap my my to to to brush the soul. So there's a lot of a lot of good stuff happening here. They're mentioned, seems to have gotten a lot of attention on the timeline.
You have Bird Eye this like kind of like the deck Screener decks tool on Solana. So there's a, there's a lot of stuff, like there's a lot of interesting stuff happening here. And I honestly said the same thing to my team this morning. And like the regular team chat, I was like, look, guys like don't jump on everything here.
But if there's something you're already using, and there's like the equivalent that you're not using that where you could get some points for or like a potential AirDrop, don't just sleep on something like that, right? Like, if you if you're if you feel safe using margin Phi and to lend some tokens out that you're down to hold, just do it right because it's worth it. Like Jupiter, you know it's going to be one of the biggest, most anticipated AirDrop probably of all 2023-2024. Sorry.
You know why? Might as well, right? Mando like is there anything? We have on defence too. You got degens at the top. You have the airdrops, Airdrops tab. It tells you all the main airdrops how to do them, Yep. And it tells you yeah. Ohh. It does, he provided by a community member, but he's done it for Solana and objective so. Yeah, shut out the Rizza. Shout out to Reza. I'm gonna actually give him a follow here and and it's, I did not know that boys, this is very nice.
This is very, very nice. Alana, because I think that's where a lot of the stuff you have to do like extra extra stuff for a lot of the ones on Injective and Fatia, you just have to literally steak and they're just going to give you the AirDrop. But because it's the things aren't even built yet. Yeah, for for Solana, a lot of it is actually using the different one, so you can look at that. OK, that's good. That's a good. That's a good. That's a good one. Right over his falling asleep.
So let's just call it. I've explained. I'm just playing. I go to the. Platform. And of course like just again like be super careful with these tools like just because I said to 75 airdrops coming doesn't mean I know all 75 of them or like have used all 75 of them nor will I like no chance I may do like 5 which is probably like margin 5 like Jupiter wormhole.
I've been doing my own finances. The bridge I use personally to like bridge my youth to soul and like maybe one more, you know, I mean, so just just like everybody be careful and just know that for every AirDrop there's always a fake link. Like a lot of people got wrecked on LG because LG would tweet and on there would be a fake LG and they would think that it's part of the thread, but it's not. And on Solana you get drained way faster than you get drained. Etherium.
Like you'll lose everything in one click on on your phantom wallet, right? Which in theory you may have sometimes sometimes to try and like savage stuff, but even then usually it's too late. So please as usual, don't fall into our drops. Be very careful and just let it play out. I think that's a good round up for today boys. I don't think there's much to go over. We have a banging episode coming out tomorrow. I think it's fair to close. What do you think? Yeah, let's do it.
I think it's fair to close. So just a reminder tomorrow I'll post it early on this morning. I should probably make the announcement like right after the show so I can post it. Make sure you set your reminders. 11:00 AM Eastern Standard Time. We'll be joined by Eric Bakunas, Senior ETF Analyst at Bloomberg for 24 years. Like the guy that you guys see all over your timelines. Retweeting, being retweeted, quote tweeted about ETF news
would be a banger. To get some insider scoop tomorrow if you get something or an ETF drop approval mid show would be really, really cool. But definitely TuneIn. Tomorrow it's gonna be a banger. And with that, with that, with that, we'll see you tomorrow, 10:30 AM Eastern Standard Time, 7:30 AM Pacific Standard Time for another episode of formal hour on radio powered by Ledger.