FOMO HOUR #45 - IS THE SELLING OVER? - podcast episode cover

FOMO HOUR #45 - IS THE SELLING OVER?

Jan 24, 20241 hr 1 minSeason 4Ep. 45
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FOMO HOUR #45 - IS THE SELLING OVER?

Crypto bounces as GBTC outflows slow marginally. Net ETFs outflows still $106m yesterday. Fear & Greed index fell to 100 day low of 48. BTC becomes 2nd largest commodity for ETFs. Magic Eden launches rewards. Commoners mint out on Ordinals. RSIC airdrop NFT rises 70%.

FOMO HOUR brings you all the latest news, updates and headlines from around the world, inside and outside of the Crypto, Blockchain and NFT markets. Join hosts Farokh, Mando and OSF 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 10:30AM EST to 11:30AM EST on YouTube and X!

Transcript

Oh yo-yo yo-yo, what up? What up? Good morning, Good morning. GMG Wednesday February 24th 4/20/24. Look at that. Another beautiful day to have a beautiful day. Hey, I got both my clothes fully back in the house. Yes, I only had one of them. One of them was exercised overnight, was taken away from us. But he is so back. OSF Mando, how are you doing this morning? Doing awesome, man. How are you? I'm great. I'm good. God damn, I come.

I I feel like I didn't have enough energy on the show prior to like going to workout every day. Now at 7, I feel like now it's like even more, you know, it feels good. OK, Griffin, we know you did it. Anyways, so whoa, look, it looks like yesterday it whoa, whoa, what the fuck? I want that. So I mean, I mean we may as well just discuss this right away. Ovi's back. So I, I, I know, yes, the topic to the show was is OSF. OK.

I want to assure everybody that you know since we started with this yesterday, might as well stay start with this today OSF is back. This is the real OSF funny enough. You being possessed and leaving us coincidated is that a word coincided with. That's not a word. Guess. Guess what? Guess what? I think you're looking. For coincided, coincided, coincided. That's. The word, right. OK, cool.

Get Well, you know what I get to make up my own words coincidided with with Ovi shaving his beard, so he was fully gone. Right. Right. True. True. Yeah. Maybe the beard is the source of all the bullishness. See now, see now, now he's got a little bit of a like some. It's coming back, right? I mean, this is a nice, this is the look and it's starting to come back like a little bit. And he seems to have been exercising back. I mean, you know, I don't know.

Maybe. Maybe you are the one that is pregnant OV and. A lot of people, a lot of people have said that to me to just today. Multiple people have said that asked me that because I've got this like weird phase now I'm just eating loads of like chocolate and like sweet stuff. And I've never really ever done that in my life. But for the last two months, since the fight, I've just been on this like sugar binge, basically, and. You've been pregnant for two

months now, right? Four months I've been pregnant. For four months. So see, it coincides yeah day with with your yeah, your mango addiction, your drinking thing, like you like to drink sweets, you like to eat sweets. It's You are eating a lot these days. On the show at least, yeah. Look at that. This is mango mango cheese. There's mango and ginger cheese. Wenzel. Who finds that? Like, who thinks, yeah, now I'm going to go find some mango and

ginger cheese hold. On what does it taste like? Describe it to me. Mango, ginger, cheese. Like, because I know the taste of each individual thing. But. It's a bit of a weird one. It's like, have you ever had Wednesday day before? It's a type of cheese. Yeah, it's like it's kind of sweet, but then there's like there's a massive gingery after taste. I wouldn't. I'm not sure I'd recommend it, but yeah, it's good.

I I yeah I mean look I I'm I'm not sure about that one but look if you're happy for you I guess if you like it I like it you know it's kind of like that it looks like you're enjoy Meadow look at this guy we've reached like next level it's like he's just. Enjoyable again, he's back with us. He's back. I can. You know what? The look in your eyes. I know that look, I know you're back. Like I can tell he's back. And the energy on the show fully back.

Like when one of us is missing. It just doesn't feel right when the energy is off because we're three people are trifecta and and and and you know and then and now you're back love to see that we're going to talk about your whiff trade in a minute we're going to talk about everything. So I need today on the show today today as I you know I got to post a broadcasting was sent to us perfect.

We are live on the audio and video and make sure you follow at for more because we are giving away a whole lot of money actually on the show and we're about to give away a whole lot more money on the show. Let me tell you that we got a lot of money to give you all, that's for sure. But today on the show today, today, market report updates and moves as usual as little quick maybe short relief bounce back here. I'd love to see that. So we'll talk about that. Rewards are everywhere.

Rewards, rewards everywhere. What? What's the meme? I forgot what the meme goes like, But Magic Eden. Magic Eden launched and announced and launched a magic loyalty program, Rewards program. So we'll see what that's all about. And also I saw like Rabbi Wallet or something at more points. So more points, more points everywhere, more rewards all across the board. You absolutely love to see that. Incentives all over the place. Great good for us. NFT roundup as usual.

You know there is a you know a lot of stuff moving on as usual there's a three AC starry night one of one sale happening on. So the beaches at the moment looks like you know the the auction house are loving NFTS back-to-back sales non-stop you have the RSIC AirDrop just keeps on rising on the ordinal side, on the Solano side you know obviously a bunch of stuff booming as usual ends on the east side as well.

East side would also looks like Doom on Doge playable version of Doom on Dogecoin. Wow love gaming, Dogecoin gaming, look at that. So lots of stuff moving, lots of happening. And I don't know if y'all saw that by now, but we're going to be pinning it. We're going to be retweeting, we're going to be sharing it. We are now partnered up with Robit as a show partner.

So basically twice a week, Tuesdays and Fridays we are going to be playing dual arena or doing loot boxes or just like we're going to switch it up a bit and see how the vibe is on the show and like play it around between us three and also pick a different winner every time. And just giving away a whole bunch of money to everybody. Because why not, you know, we're getting that row bit money and we're gonna give someone that row bit money back to our listeners.

But first and foremost, to celebrate this, this partnership that we have with the fam over there, which by the way haven't partnered with Rec Radio for over a year now. Obviously, you've seen Mando do some work with them on the Mando minutes and whatnot. So it only made sense. We are giving away 15,000 United States dollars and we decided to just give it to 15 individual people over 15 days. So 15 shows. So every single show.

What we're going to do is we're. Going three weeks, this is gonna be pretty wall. It's a grand, a grand a day for three weeks. Our grand a day for three weeks. So it's basically all you have to do, right? And correct me if I'm wrong here, Sam's, but it is pinned to the spaces. You have to retweet that post, follow at FOMO hour and at Robicom obviously. And that's it. You have to be live on the show.

We're not going to give it to you if you're not on the show, that's for sure because our goal is today to like reward our audience. So you have to be on there and then we'll do a Twitter picker and pick you. So look, if you're watching on on on video, I'm assuming that like you have to be on the Twitter space with your phone and you know, maybe maybe some days we decide to switch things up and pick someone on video and stuff.

But for now, to not over complicate things, we'll pick someone that is live in the Twitter space's audience. All you have to do follow us, make a robot account takes 2 seconds because we're just going to credit your account and send you $1000 on there and that's about it. So. Anyway, our followers is just up only right now we are about to breach ETH. I reckon this show. Let's try and breach ETH this show. Let's get another two. 100 ETH on the show. So look 2100 followers.

ETH is 2232. Not a very hard thing to flip. So come on, y'all. We want to see those followers. We want to see those retweets. Let's flip that coin. Exactly. And let's flip that coin and let's fucking go. So without further ado, where do we get this party started? And you know what? I am going to go to OV first as well. I feel like he needs to break down the market report from a bullish standpoint this time. Daily market report brought to you by Rogue Radio. What's the word?

So trad markets are very strong by the way like stocks just keep, keep, keep, keep, keep going high. We're up another 070 point 7% on the S&P 500. We have another 1.25% on the NASDAQ today. So we're we're hitting like new all time highs once again in the equities market we had a few days where interest rates blew out. They seem to have stabilized now. So that's good.

But yeah, it looks like we're, you know, we're getting very close up reaching 5K, the S&P 500 and you know maybe at some point 18K on on the NASDAQ as well. So stocks are very, very strong crypto. We saw a good bounce overnight. You know, bitcoin's back above 40K. ETH seems to be the one that's struggling. ETH is ETH, Bitcoin is down. Sol ether's up, ether's about 22302040. You know I think it's what we said yesterday. Like ETH had a big rally on the upcoming ETF narrative for it.

And because people, you know, maybe the crypto people feel that the ETF narrative or the ETF result for Bitcoin has been a bit more mixed than than anticipated that we're actually, you know, Bitcoin is down from it's high of 49 K to 40K in that ETF period. Maybe people are thinking that the effect on or impact on EVE may not be as positive as they'd hoped. So Ether is struggling. But you know Salon is back up to 87. Bunch of other altcoins are up quite a lot.

You know Solana meme coins got crushed a day ago and and they're back up again today. It seems like, you know with the ETF start with the grayscale stuff like today has been potentially going to be the largest GBTC outflow again. I think yesterday was very close to the to the to the day before but I saw earlier something something like $700 million was transferred from grayscale to Coinbase early today. It does seem like most of that like suppliers getting offset so

far. I think yesterday we did have an outflow, a larger outflow and so the the total net inflow created by ETS right now has is has dropped to about 900 million from about 1.2 billion. So still keep an eye on that because you know it feels like we may be getting a net outflow now for a few more days to come as GBTC outflows accelerate.

But the great question is like when do they stop selling and I just looking at some numbers online like seem like the ETF guys, Bloomberg guys like James Safer and and Eric seem to think that the selling Mesa side wants like 25% of GBTC is sold. I think there's. Are you guys going for a bit? Yeah. Are you and Eric? I would love to. I would love to be with boys. Yeah. If they're ever, If they're if you're ever in London, please let me know.

We're literally one step away from losing OV to Bloomberg. But he's. A rug video network. He's retweeting me. I'm treating him with. Your your Internet is like is back in the Stone Age can you. Please, like move already so we can get better Wi-Fi, like, yeah. Your Wi-Fi you need to close down some tabs I think. Yeah, this guy is like 17. How do I? How do I know? Am I? Better close down the one second and one minute whiff charts and from the show so.

Does that explain it all? I like tabs. It's actually his alt. Oh, you think that's it? You think that's Eric Kunis or you think that's, do you think that's OSF? No OSF. Salt. I like tabs, you know what I mean? He's keeping tabs on people. He's got his tabs open. He's got that one second whiff chart open right now, like. I just closed all my charts how how I know? How many? How many charts was I'm curious. Like 3 charts. OK, that's fine. What is it?

Thor width and like ease. Just Bitcoin. Bitcoin with 1-2 different just on different dexes. 100% is is with a different deck. I have 11 charts open. Oh really? Yeah, but I'm sick. It's OK, but it's just like it's not that I open them because when you have all these charts open, they update the price on the top. So like that way you know, at all times with the prices of, it's almost like a ticker that rolls like at the on your terminal.

All the charts, seven of them are Solana meme coins, for what it's worth. But anyways, go on, Ovi. Yeah. So the ETF, we'll see like the numbers aren't great and the outflows seem to be picking up it just now it seems like GBTC, like people are selling because the fees are so high, they're rotating to other coins. But then there's also the net amount that keeps getting sold every day. So I still think like I'm still

worried about that. I think there's still concerns the market, I guess I'm less worried than I was yesterday because maybe it's now priced in and maybe we're getting towards the end of it. Like, yeah, the Bloomberg guy said they they thought maybe 25% of supply reduction of GBTC will be when we start to see things slow down. But he did also say that's something that he would only bet like a sushi lunch over, not like a strong view. And I think we're about 14% down so far.

So I don't know that I do think, like, yeah, maybe once you get past 1/4 of it than any additional outflows are really just going to be net neutral flows because they'll just shift towards other ETFs. But it's hard to judge right now. I'm still, I'm still a bit concerned that like that that picks up and then we can move lower. I think it's not, you know, it's not to be discounted, but you know maybe maybe a lot of negativity was priced in yesterday and and you know,

hence we bounced. Yeah, it seems like that's what happens across the board. I mean Mando, I'm gonna go to you here. I know yesterday you were on the other side of the of the bed of course and you were long in which aged probably pretty well. But question is, are we thinking here more of relief? Is this PTSD speaking on my behalf like because for me it's rare. So yesterday two very rare occurrences happen. Occurrence. Occurrence. Anyways, I'm going to start hosting the show in French.

So OV went full bearish and I did not FOMO which is crazy because I'm usually and Mando just mando kept us cool you know business as usual. Yesterday was really like I was contradicting myself, always contradicted to themselves. It's good though. It's fine we're back. But not that I'm FOMO ING at all. But what do you think here Mando? Is this like some fake? Like? I feel like nobody knows anything anymore, but. Like could, could, could Bitcoin go to 35 K?

Yes, I think it could. I guess my, my, my view even yesterday on the show wasn't and I was like super, super bullish. I just felt bullish on Solano at that at that stage.

Like I felt as though as we already said a couple of Times Now yeah if I think about ETH right now and the biggest narrative of ETH that people were saying was the ETF people are now going to be like well I'm not that's not maybe not the most positive thing I've ever seen given yeah you said grayscale have got a few billion dollars a week that will also have to be sold when that starts.

So I don't that's something to make people a little bit more cautious on that and for me like slanders keep shitting all time highs in in everything that that it's doing for for like user metrics. So when I saw that down as that much versus the two main coins and also getting selling off the most in the sell off, I was like this just feels like a a good relative buy. It did bounce but that also

meant Bitcoin bounce I think. I think Bitcoin could go could go lower here but I just yeah, I just decided that that was a good time to start buying buying that particular coin. And I think that's that's still my view, like, I don't like having big, big predictions like about where stuff will go over like the next month because invariably we're wrong. But, but I do think that that if I was a bet on anything it would be I think Sonana outperforms versus everything out of those

top 3 coins. Yeah, that's kind of what I was alluding to yesterday. I mean, I know I tweeted out that like almost my entire portfolio on Seoul and it's I guess it looks like some people were shocked, but shouldn't be. It's just from a personal like return standpoint. I just think it'll outperform most coins in 2024 and it's a token where I'm comfortable buying while I'm building. Like you know we do look at charts a lot but definitely don't have time to trade all day.

So it's it's just a comfortable position in my opinion. But of course it looks like if I'm looking at the charts here guys prices bitcoin's just slightly above 40 for it's it's the first time since ETFs that we don't think Giga dump during the show feels good honestly. I mean let's not speak too soon. You never know what's gonna happen over the next you know 40 minutes that will be on. 30 minutes that will be on. But Bitcoin's above 40 theorem lagging a little behind 2238.

You have Solana's above 86 again and the rest is kind of all up. I mean Avalanche seems to be trading on a similar pattern and then then Seoul. A lot of people are telling me why not Avax one on this one. It's just like I picked my one winner and I don't have like I don't want to focus on too much but there's a lot of stuff going on there too. Chain link's doing well and a lot of the coins and if we go to the top gainers and losers here, Mando, they usually share.

I think the thing the thing about Sui's had a massive. Run Sui's the they they end up in partnership with Alibaba yesterday they've got they've got like a mixture of a Chinese and American dev so like they've definitely got links back there that's had a that's had a good run a lot of people looking at tier again has had a very strong bounce again today that's that's obviously a coin that people like during the ball say which is Beanie's coin also rallied about 10%.

I love how that's now. I love. How that's become Beanie's coin. I actually bought a bag. Yes, yesterday but. I saw you post. That that rallied. It was it was some of these, these ones that got beaten up again. I still think the least hollow pump here is with Solana like it. Some of the metrics still are breaking the like far exceeding some some other, other chains in terms of active addresses, transactions, stable coin flows,

all this sort of stuff. So and maybe that's through the Jupiter AirDrop, but that feels like that's going to be a sustained period. So at 36 billion versus ether 240 billion, it's still that feels like it's back in range to being a very bullish run to me like when it was what was it 50 or 60? Yeah, I think it will question pretty hard and you saw that stuff being like oh Solana's, you know, it's terrible. But at this level, I look at that and go, yeah, again, this seems like an OK time.

And that's that's not me looking at charts. This is me looking at what I think about the narratives over the next, over the next few months. Yeah, it's, I think. About the thing about Solana, is anything about ETH in like 2021 or 2020, Like all of crypto is basically just a massive casino. And I think people seem to do gamble on the same stuff at the same time. Yeah, but like you know, like you know you have NFT season, you have shit coin season and you have whatever season.

And right now it just seems like that whole season is happening on Solana for obvious reasons because it's so cheap. Like you can if you want to like gamble with $1.00, you can't really do it on ETH but you can do it on Seoul. And people have literally made like thousands of dollars from like gambling $1.00 or $2.00 or whatever it is.

So it just seems like that I don't think that activity is going to leave Solana. And compared to other you know chains like Avalanche or you know even the new stuff like say etcetera, it just doesn't have that same like level of activity and community and like noise on Twitter like the you you always talk about community in NFT projects. Well, I think like even their own chains have their own communities, right. And Solana is like one of the

fiercest out there. So I just think like we'll we will continue to see a lot of gambling and a lot of spinning slots at the casino so to speak for the rest of this year. And it feels like Seoul is the chain to do that on which I think is then bullish for the underlying and base token of it which is which is Sol itself. But it just reminds me of 2021 when it was like Ethan was at 1200 and everyone was doing all

the stuff at NFTS. I'm like, how is Ethan not higher And then ETH triples, you know into the into the rest of the year. I think you could see this a similar kind of thing on Soul, if that. Activity is so bad he is so bad he. Is so back like. He just say so I was going to triple. I didn't say there's not my word. Did I? Did I insinuate it? Maybe back he's. So bad. So back. Oh my God dude, you are so back. You know what's crazy? Let's talk about you. Right.

Let's talk about you for a second here. You know you cannot become main character this week on the show, but it's OK. We all have our turns. It was all Nick actually, that that from nifty portal that quote tweeted you saying that he's stressing out with $2500 position on WIF. Which by the way, Nick, you know my founder here. I'm 10th holder of Bodagos. I expect better when it comes to, you know having a pair on.

So this is me calling you out NFT Nick if you're listening you know we need you to swing those nuts a little bigger a little more when it comes to WIF and and all these coins. But OV you exited and I think I think there's a lot of lessons there That's why I don't want to talk about just from like the the amount perspective but because a lot of people seem to have thanked you actually on it that that's what I I I saw for

the honesty. So yesterday during your bearishness when capo took over your body you exited like your entire WIF position. That's what you wrote. And then you bought it right back that same day thankfully like right before the run. So I think you bought it back like even slightly under what you sold for or very similar price action. And then you came back into it. Obviously that aged insanely well because WIF is up like $100 million in market cap overnight which is wild when.

But I think the bounce of 200 mil up to like 3:10-ish, where it probably is at right now. And I thought that was a good post because a lot of people were like, yo, like, you know, respect, you know, But what are like some of the takeaways that you have from your own experience over the last 24 hours? I think you know for the for the last two years I've been so disciplined about like not selling stuff DCA and like being very, very disciplined.

You know, I didn't have a day where I could, I'd set for it wrong, really, and put out another tweet. But we just talked about eating all the sugar and chocolate and stuff recently. And I also like, from that health standpoint, I was like ultra discipline for a while. I think I just like being this ultra ultra, ultra discipline thing for a while. I think yesterday, I don't know what happened. I just had like this moment where like I was like, Oh my God, like GB T, GB TC is going

to be really bad. Am I just being, like dumb here? And I just, you know, should I take off more risk? And I took profit, you know, as, as you know, I took profits about three or four weeks ago because I just wanted to take some out of crypto that I hadn't sold for about two years. And that was a good decision because I wasn't really selling based on the price or whatever. I was just selling because I felt like I wanted to take profits. But here I was just like, you know, there's no need.

I already took profits two or three weeks ago. I didn't need to take any profits. And yeah, sure, like this whole thing, everything was like lower. And I was like panicking because not because things were going low, but reading about all this GBTC stuff and I was like, you know, if Bitcoin really takes a hit here, all these alts and and meme coins and stuff that are up like 5 to 10X over the last few weeks and months could really,

really crash. And you know, I just without really thinking about it, I just like sold the entire thing. And then I think as the day went on, I saw the GBTC numbers and they were bad. But you know, the markets seem to kind of bounce a little bit and people seem to K about it and it wasn't really as much panic.

And you know you you take I took another step back and I was like well look like Bitcoin has already dropped like 20 or 30% a lot of also are already 2030% lower And like me selling something that I mean I'm going to say it's a core position but like it's a mean coins it's just don't take that that seriously.

But me selling selling me one of my favorite coins to try and play like a 20 or 30% drop it just seems kind of dumb when my fundamental view for the rest of this year is still like we're going to have all new all time highs this year. So you know the takeaways like I think you just you just have to like get take yourself out of the you know out the trenches.

Sometimes I think I just got like too stuck into it and I bought it back because like I went and played football and I came back home and I just had a clear ahead and I was like you know what that's just really dumb. Like I'm just I don't it may go lower from here but you know I think I think stuff will do really well for the rest of this year and and and that's what I did.

So I think like, I don't know have a few, like have AD Gen. portfolio that you mess around with, but have a few core positions and just hold them for this year I think is the take away. I and I always do that. Like, I've never not done that and I just don't know. I just fucking slipped or something. We all slipped sometimes. Don't worry. Yeah, you just have a weird moment where you just do something dumb. And I did it, but I recognized it as well. And I didn't try and like,

defend what I said. Yes. I didn't try and defend my position as you know, I was like, I just got straight back in, straight back to my normal self and then, yeah, just pretend. Like there's a few lessons in there. Go outside. You know, literally touch bus. Yeah, I didn't touch press. So you you played football, which the real football, mind you, y'all. So it's for the for people listening, the one you put with your feet and then or you know, go play, you know, hand egg if

you want. Or you can go, just go outside, you know, go go on a tennis court, I don't know. So that's one of the core lessons I'm hearing here. And the second one, which is like a lot of people say it's like and it's funny because ironically it's something you guys usually tell me, it's like if you're going to sell, don't sell after it's down 2030%. If you're going to buy, don't buy the 2nd, it's up 2030%, right. It's like stick to the position and wait a little bit to see

what happens next. Either you're selling that high into strength, what it is you sell into like into strength or whatever into and then you buy it, you know into into some the weakness or whatever, right? Like you buy on the red day like yesterday, and then you you you meant to like, you know, sell on the opposite when we're feeling that euphoric and whatnot.

Like when I'm taking screenshots or like, you know, saying some stupid stuff on the timeline when you guys should be selling or when Franklin Templeton is like pumping our whiff bag. But, you know, this is usually signals that you saw the timeline. But I love that you said that and I love that you made this post because outside of all the jokes about like, the bearishness and exhaustion, exhaustionism and all this stuff, like there's a lesson in here. Like, you know, I think Wiz said

it best. Like, you know, you're you're still top three digital asset trader of all time. I know you joke about this, but you guys trade on the apes is arguing one of the best ones. And like, even the best traders with 10 years of experience will make the same mistake. And if anything, it's proof that, like, we don't really know much in the space right now at the moment. I mean, Amanda, what do you think about this? What are some takeaways that you have from O VS 24 hour Bender?

I mean, it was a roller coaster of emotions in the group chat, I have to say. Dude, when I if I if I sold that last night and it pumped 50, I would have like. You would have been sick this morning. So upset. I feel like I cheated death. Like that's how I feel. You would have been sick this morning because when you bought back in, honestly, if you look on the chart, it bounced right after that.

That was probably hit by on it. But the what I would say is if it was anyone else but OSF, I'd be like, what the fuck's going on here? But yeah, I do think he does do this. This isn't the only time he's done this sort of stuff. Like he he's he's good at. He's like being a trader does mean you know how to change your mind. OSF changed his mind a lot when I used to trade with him. I think he's turned it down.

But I traditionally as traders I was far more like hold on to the position, hold on to like long term value like and I'd always grow it on like bad days. OSF would always be wanting to sell like a little profit. They could trade it around way more than I did. So this is more like old OSFI think whiff's a long long term hold Like I genuinely think that if Solana goes to there's a 3X or 2X here. Like I think whiff could go close to close to a bill.

So I think it's a good trade that one and I think I think like there's some upcoming stuff like if we get this on some of these exchanges, but I do think that's a good B to play. I think Bonk even could have a good run here. I think some of those like bigger memes could could come back a little bit more if Solana has has another run. But this is still a Solana trade.

So you could also express that like levered soul, you could express that in spot soul you could express that in even some micro caps you think are of better trade. You can express that on air drops ETF. I just yeah there's many ways to to like the term would be skin this cat but I I think that's is that still still PC. Yeah, I mean, you'd like to. Say that in 2024. Yeah, I think so. If if that Bitcoin dev gets what he? Don't don't mean it in the way Luke Dasher means skinning a cat.

Yeah. So, yeah, I think. I think it was. Grim. Kind of old OSS, but classico so I'd be. Honestly, I didn't even know he sold it. I I have not been paying enough attention day-to-day. But then when he said I bought back the whiff, I was like, when did he fucking sell this thing? During his vendor, yeah, it's like he was in the high. You know when you're like the next day of like like going on a Bender and you're like just not feeling great, it's it feels like that was.

That's what happened. I just, I just think stupid. I just had a few days just doing stupid shit like every day. I just don't know why that was like. That was like the peak of like. Stupid peak, stupid thing. I would say that the moment you stable yourself in certain ways, you feel like you should take more risk in other ways. I think that's sometimes very risky in and of itself. Like if you take down risk and you're like, oh, I should like

buy. And probably the buying of it was the mistake because you still liked it, but you just bought it because it was just like it was just trading into a listing, which is always a little like play and then then you got annoyed about that and then that's right. But like, I still think it's a good long term trade, but that's that's really interesting. Yeah. OK. That that makes sense.

I mean it's true like when you turn to stable you also like you have the edge to just get back in and you tend to like make sometimes the wrong. I need like a week or two weeks off, like screens, like of gene prices and stuff, and then come back and I'll be fine. Yeah, it's Jupiter coming up, so I can't. I agree, Absolutely.

You had me worried. Honestly, I knew you weren't yourself yesterday when you were like, even the Jupiter AirDrop may not look as bullish if the price keeps going down. And I was like, I've lost my buy. I was so worried because like obviously Mandel's like super, like Solana Bull and stuff so I I got him on this. But like OV and I are more like the ones like doing making all the irrational and irresponsible decisions when it comes to meme

coins together. And so and so when I lost my boy I was like damn, I'm out there alone in the Solana trenches and I got worried for a second but he's back so I'm glad and and it's a lot of fun but anyway so a ton of stuff happening all across the board here. Let's move on to the next topic here which is in magic Eden obviously like talking about chains really cross chain marketplace. I put a tweet out personally speaking yesterday.

I know we talked about it on the show a lot but like credit goes with credits it's due like across chains like they're dominating right now When it comes to marketplaces there was a point where like Open C was the only one then you saw like looks rare trying to do a vampire attack on it worked ish but didn't really work work what was it X2Y2 at some point that clearly didn't work at all and then you had Office Blur which is the biggest vampire attack on like NFT marketplaces that we've

seen so far. And that fair to say it's it's a huge success thus far right. Like Blur is still killing it in terms of volumes. Numbers don't lie user base and they have blast coming up which has a huge unlock in the month of February. Right. I think it's February was the unlock and then the AirDrop is like April OV or something like that or may. So unlock like you get your money back and you can you can at least take you can. Put in February?

Yeah, you can. Withdrawals are open in February and then the AirDrop redacted. AirDrop is in, is in May. That alone, just the fact that you can take your money's huge, right? And so and so you can be liquid again. So but then comes Magic Eden, which is like kind of like that third marketplace, which was there but not really there. But they were there, right. And I'm not explaining it better than that. And like they kept building and they're very like ingrained in

like culture, right. So Chart Fu Sheetfu like was running all the sheets for Bitcoin ordinals at first like when it comes to excess spreadsheets like the spreadsheet days. So he he like just went on into that. Obviously they were really quick on Polygon but that was like hard largely just like when Frank moved on to the youths and stuff. And then like of course like Solana they've always kind of like dominated alongside Tensor mind you like who are also doing

a good job on there. So again, like one of the reasons I'm super bullish on Solana, it's just the ecosystem as a whole is a lot of really Co founders and cool things being built on. But like, anyways, back to Magic Eden. Yesterday they introduced their Magic Eden rewards, Sorry, which is not points but diamonds. So yeah, at least we're not getting points here, maybe a

different word here. So Magic Eden says, introducing Magic Eden. Rewards We've spent the last year designing a long term cross chain NFT rewards program built for everyone. This isn't just another points campaign, it's a meticulously crafted plan to give back to Magic Eden's O GS collectors, creators and digens alike. So seems like they want to, you know, give back a cross chain. So this could be like a pretty big cross chain reward program.

And I don't know what you guys think, or if you've looked more into it or talked to Magic Eden teams, but looks like they're up to something pretty big here when it comes to to what they're building. I think, yeah, I think, yeah. I think they understand the space pretty well and I think. They're degens themselves, right? Like individuals. They're degens themselves. Yeah. They're degens themselves.

I think they understand the space and I think they understand the perspective from both like a creator side and the collector side and the trader side. So everything they're doing is like, it's not just like, oh, we're making this thing for traders or we're making this thing for just creators. Like it's going to be for for everyone I think. So they just get like they get the space and they get how to operate in the space of things.

So it's, you know I haven't really seen, I haven't seen any like bad commentary about this because I just make kind of make sense. And every the time like the whole timeline is like magic even three open open Seed nil like they're just doing they're just doing everything that perhaps open seed should have done with that with the massive head start that they had. Yeah, no, definitely. I mean, it reads here and I'll go to you here in a minute.

Mando, on February 2nd, we'll be giving back to our Solana O GS with a retroactive diamond drop. Oh, that's fire because I was buying Solana and FTS in 21 to account for historic activity going all the way back to 2021. And Amanda, what do you think? Here, Some pretty impressive work on that front. Of course, we'll see what you know how it rolls out, but looks good to me. Yeah look this is going to be this is going to be a very very successful head drop I think.

I think Magic Eden have got got everyone back in in the in their corner for this. There seems to be a battle now between them and Tensor. It does feel like points fatigue is starting to to creep in to the market in general. There was that tweet yesterday. It was just like how many different points things we've got. I think iceberg. Iceberg, you put it out, which

it was. So we have three different wallet points, four different NFT trading points, three different NFT points, 5. Restaking point systems one phone salesman points program, four different lending points, seven different per decks points, points tracking points program and 70 L 2 points programme 5. .5 Point what? So we're back into points, you know? People do points, right? It's because we can't explicitly and legally just say we're going to give out tokens.

Yeah. Like, that's all it is just for people to understand. Like, there's a reason why people do points. Now we can mark it all around if you want, call it golden Nuggets, but you know, it's also that. But I get it. I like the idea of not having points. This website's nice man. Obviously they have the Etherium ecosystem that's launching soon with yoga and a bunch of NFT projects on the east side. I saw the Announcer Ambassador program, which has a lot of friends of ours on there.

So Jonah, I saw, of course Easy. I saw a lot of familiar faces on there. Amy, there's a lot of people that's very active in like the Solana ecosystem, but also like Twitter Spaces, Eco and all that stuff. So let's say you're going to get Diamond Quest for buying listing collection offers and whatnot. Look, I think what would be cool here is we'll reach out to one of their founders and just get them on the show and just talk about this because it's really

cool stuff. And Forest with we're going to have a partnership in place with them. It's just like, I think what they're doing is great and they're killing it. So that was some big news actually coming out yesterday on the NFT side. And while we're still on NFTS lads, you know, let's pull up the D Gen's finance dashboard here across MARKETPLACE. So another hoodie sale at 205 ETH yesterday. That's Kevin, who's usually listening to the show. He was just there, actually. Kevin Wu.

So it was a not his eighth. Sorry, his hoodie punk for 205 ETH and a couple nice blonde sales. I saw one of one who paid like what They bought Ryan Zurr's group where I did pay 25 mil for Beeple Beeple's piece. They also bought a Andy Warhol esque punk, which is about Marilyn Monroe. And then and then it seems like the volumes are still, you know, pretty doing pretty good in that

front across across chains. Nothing really unchanged in terms of floor prices, but oh wait, punks are really rallying up non-stop, huh? In East. Yeah, just keep going 63. They kind of, they've kind of been there since for a couple of days though, dude. Hey, in dollars? Yeah dude. But like a week ago it was like 52. Like when you think about E value. I I just mean a couple of days. I didn't mean that happened a couple of days ago. It happened over the weekend on

some of the big sweeps. It didn't happen. It didn't happen yesterday, for example. Yeah. So it looks like, I mean it's crazy for for a collection this size to move and ease price so much like that at that not size sorry it's 10K like but like you know what I mean like price wise like it's a big move market cap wise it's pretty crazy when it moves 10 E floor up like that. Love to see that right. It's it's something that personally I really enjoy. So floor's at $142,000 now but

that's just Ethernet moving. It's true. You're right it was 160 K ish. So that's moving on up. And then besides that it's really an ordinals guys like this AirDrop that took place maybe I need to bring someone that wants to is Leinster in the audience. Selfishly, if Leinster's here, you can request to speak. It's Leinster that wrote above this, but like it's number one volume wise on. Two grants.

You got two grants now. If you want it for that AirDrop, that's that beats most airdrops of people. I'm not an insanely active like ordinals like buy all I did was buy 8 puppets like a few weeks ago. So I guess it's recently active. I don't know if they calculated based on volumes and stuff, like I know some people that have one puppet didn't get any. I don't know it fits based on how much you buy or how active you are, but like you can see like it's on my it's public wallet, but you're.

Just in a snapshot of when it was. Maybe, but it's crazy guys. It's Portal 5 Bitcoin.

Yeah, it's not a small AirDrop. We're talking about $2000 AirDrop to people for just being there and then you have to activate it. So what I did, I've, I transferred it to myself so on my X verse wallet I went and I transferred the NFT back to myself and I think that activates it. But if someone knows better than me in the audience, you're welcome to correct me or just come on stage and like and like tell us.

But very interesting what's happening on that front at point O 5 E there's only 21,000 of them and you're going to be airdrops token like someone like some people have been doing some insane math on that obviously. But what I'm most excited about is not really like what happens with this specific RSIC AirDrop is are we in for the meta of airdrops.

Now moving on to ordinals that is specific to projects cause not only that this project actually also like pumped the puppets floor because it was tied to them. So like a lot of people like sold it to buy another one of the of these NFTS, right. So similarly like you get an air drop from yoga, you like keep it in the yoga family and like spend it on that. So like it seems like there's something similar happening in that front on on ordinals.

So maybe if someone knows better than me, definitely welcome to DME. Or just like request to speak and just come talk about it for a minute. But I find that interesting. And yeah, I mean, those monkeys are still hovering around the same price that they've been for a minute. Same for the puppets. And the Bitcoin Trump's launched. I don't know if you guys saw that yesterday. They started indexing them. So that's up and running. That's it. It's up 100%. We. Yes, I, I you, you heard me

right. I said the Bitcoin Trump's so so that that launch and is and is happening right now on magic Eden you can find me. I get these things. Oh are you guys buyers? Yeah look look at this. Bitcoin Trump's. It's killing me man. It's killing me. It's just Donald Trump with different traits in the pixel eyes. I don't know how long this oh wow. Look at this one. Look at this guy right there. That's a that's a that's that's a that's a Bitcoin trump.

If I've ever seen one USA suit, that's hilarious. This one is so good. But it's not funny. I have none of these, but it's hilarious and it's probably gonna same thing that happened. The card's probably gonna happen in this collection. So we're gonna go up and then probably going to go down, and he's going to announce like a fourth collection. How many collections is Donald Trump at? 4. Is that his fourth? I don't. Know I have no idea. Those are trump cards.

Then an AirDrop like more trump cards. I I think it's. That one. This is the third one. OK, I mean just awaiting Trump to move on to another chain next and just to drop on like Arbitrum or something, I don't know, or Polygon for what it's worth, or any of the other L twos. That's definitely going to happen at some point or another. But look, Donald Trump is more active than most of the people right now in our space on Bitcoin.

So I don't know what that means, but I think people need to like pay more attention to what's happened over there for sure. For sure. Anyways, in other news, it was also on the NFT side, it was the Starry night. I don't know if you guys saw that, but the obviously three AC when they went on through liquidation, they had a lot of punks. They had a lot of the ringer that sold for $6 million that sold the base and whatnot. But they also have another another sale that's on the way

for a lot of one on ones. Now the one of one art market has not been doing as well as a lot of the rest of the market, but that's like that's normal. It's just like art market. You know, it's like it applies to certain buyers, not necessarily D Gen. that want to buy them, but there's a lot of grails. I don't know, Ovi, did you, did you see that sale that saw the business running?

Yeah, it's pretty, it's amazing. Like I saw some pretty, pretty good sales from it. It's that's, you know, it's really, it's really, it's great to see some, like we talked a lot about, like they're not being interesting art and stuff out there moving hands. But you know, this is, this is definitely a big one, an interesting one. There's some some real grails and stuff in there. Yeah, I mean Starry night, Grails, there's a grand unit one of one. When does this end?

Six days. So that'll get interesting. So don't mind the prices now 'cause like you start with the ordinals, it was just like the same day you have the grand unit bedtime, which is really cool. You haven't. I also X copy one O 1 guys going for sale. That would be interesting to see where that goes. ACP and there. Yeah. This timepiece I remember. So that's like actually a beeple in time one of one. I remember hosting Keith. I think I met Keith because of that or one of those things.

It's not clubhouse. That's that's way back. I remember them buying that there's a ACK. This other world piece is crazy. You other world is a fire artist, huh? Like his work is. He's insane, Yeah. His stuff is very cool. Insane. Insane. He's killing it. So it's that there's a squiggle for sale there. There's a Dimitri Chernyak piece, which is not a ringer. Actually. Iterations. Tyler Hobbs. There's an incomplete control for sale. Multiple squiggles. Sailor Moon here.

Another X copy. Huh. So is that this is a one of one too, right? This one. Wow, this one is the most busy right now. Grifter for sale on there. Rest in peace, a lot of money piece for sale in there. Hecatel Osinachi. I mean this is like an incredible collection. I would say was created by VD though, which is like arguably one of the best creators in the space if you ask me so Dan Juice and Terrell Jones.

So a lot of interesting pieces. If you're an art collector here, it's going to be interesting to see that. And I'm really curious to see how this goes because always see like the art markets were slower and this time, but it's always like that and it's kind of normal. And then last but not least and let's go to our giveaway. So make sure you retweeting the post at the top of our spaces.

We've all shared it. To kick off a partnership with Robit, we are giving away $15,000, $1000 a day for 15 days business days mind you. So that's that's you know, business is that's when we host on business days. So we'll be picking someone from Twitter spaces live on the Twitter picker and if you're on here you'll have to make a robot

account which is super fast. You don't even have to use your e-mail against your Metamask account and then you will be able to get credited $1000 and have fun with that or just take it out and pay your stuff. So anyways, the last thing which seems added that into our stuff, which I have no idea for this, but hold on, doom on Doge. So obviously there's been a lot of stuff happening on Doge. I think they call them Doge

Noles there. I haven't been paying super attention, but I just see it right. It's hard to, it's hard to ignore because a lot of them are in my a lot of them, my comments on a daily basis. But it seems like there is a game that you can play on Doge.

Where's Jonah when you need him? Usually he's listening to the show as well so the these for doors and alls ghost coin doors and alls these for doom and Doge now inscribed on those blockchain forever play it on chain so it looks like we can play a game now on Dogecoin. You guys let me see. I want, I kind of want to see how this this works out. Or click on the content link for full screen.

With mouse support, this game is redefining gaming just as Dojo's are reshaping the blockchain landscape. So it looks like we'll be able to play games on Doge guys. Are you guys going to inscribe NFTS on Doge and play video games on Doge or what? I think this is the ordinals thing, like with ordinals that because Dogecoin is essentially a a fork of Bitcoin, it's a fork of like coin because it's a fork of Bitcoin. The same technology works.

You can start, you can start creating like basic games and put it on the put it on the chain. So I've seen Doom actually gone on to like other chains before. So like I think somebody it's a quite an easy game to like put onto some of these. But yeah, I saw this. I think I I saw actually the quantum Cats have like got a form of Street Fighter as well. I don't. Know if you've seen it. I saw that the largest Street Fighter game. Like they are.

We're getting some OG games coming into Bitcoin, yeah, and and Dogecoin, obviously. OK, well look, looks like you can now play video games on Doge. So much for web through gaming. There's a lot going on there and you absolutely love to see that. So if you're curious what's happened, there's so much going on across all chains you love to see. But anyways, boys, lads, why don't you say this is the perfect time to pick a winner?

I mean, Amando, you are the expert, resident expert in robot Giveaways. Now, given that you've been doing this with Rec Radio for like a year and a half, how do you guys usually run this? We we just got a Twitter picker. I thought that was clear. I think same same with. Oh you you want to do it? I can run it. I can run it. So I'll run a Twitter picker here and I I do it of last seconds guys, while I find the tweet to go, so I go here, here. So I go right there on my

account. This is the this is a tweet right? FOMO hour. Make sure you follow at FOMO hour. Here you go. This is the one. And this is the post that is pinned at the top. So I copy this one into the Twitter picker and we verify. Oh sorry about that. So it's here. We load the tweet and now we pick one winner and they have to follow at FOMO hour. Oops. Whoa. Sorry. I guess. And then it's it's row bit. Com, right. That's their username like this. Yeah, I. Just want to be sure, dude,

that's one day. Like, did did the robot founders ever do any Amas? Have you ever heard them on an MA? I'm just saying we'll be fired to have one of them one day. I mean, that is a crazy business when you think about it. Why? Don't you talk to? Them. I'm sure it talks them. So wait, must have a profile picture, a description and a banner, right? So we make sure it's not a fake, Like no location was fine because I don't have a question. Tweet count. It's 100 tweets. Seems like 100 tweets.

Like, we're going to get a lot of bots here. So let's let's let's make this high. Let's make sure it's a community member. OK, so let's do more than 100. Fuck me. Sorry guys. What do you do there? I, I, I, I went back. What's happening now, dude? There's so many. What are all these? I'm going to get attacked by ads. Are you seeing my screen? Yeah, you. By tomorrow we'll get this this easier on the background. What? Just happened. Did you guys see those? Did anyone see those ads?

No, hold on. Look at this. Look at this. Look at my screen. Where's my ad blocker? Oh, I don't have the ad blocker on the new computer. I forgot. Shit, My bad. Y'all, hold on. Oh my God, this. Is you're nailing this. This has been a really good first one. OK, no it's 'cause I forgot to redownload my ad blocker on my new laptop. So now I'm getting like hammered by ad left and right. OK, so must follow FOMO hour. Must follow roll bit. Com. There you go. Oh my God if anyone's seeing the

screen right now, what a mess. And then must have a banner, a description, and let's do over 500 tweets man though. I think 100's probably fine A. 100's fine, OK And then one month, one month, one month continue and the winner there's two hundred 243 entries loaded. Just so people. Miracle in the Water is the winner. No, no, we it's not a winner yet. Hold on. You have to, yeah.

And the winner is oh that is a community member and I'd love to see that opportunist dot ETH opportunities dot ETH, you are the winner of today's $1000 giveaway on Robit. So make. Sure, come up on stage there, right are we are, we is. He here, He's for sure here. If not, we'll have to run it again. I mean, this is like I'm talking about someone who I think does not miss a single show of ours. Like I I can recognize the name in the PFP because you got a CVLPFP as well.

So opportunities to the winner up to his giveaway and I know he oh, he's here. I see him. He's right there. Awesome. That's the little will come up on stage, but requesting. As long as they're in the in the audience, I think that's that's good enough. Yeah, but just. For proof, just for proof sake that he's to speak. He's right there. He's on the stage over here. Oh, OV, We have a meeting in 4 minutes. Was that the meeting I scheduled to, like, get you out of? Do you have? Yeah.

What's up? Hey, I'm here. GS. Hey, everyone. Thank you very much. Congratulations on being our very first $1000 winner. Yeah, I that feels amazing. I'm not going to lie that I feel amazing right now. I love that you you do listen to the show every day. He did come to our Toronto event, so I know exactly what we're talking about. Someone's very active in the rugby discord as well. So, yeah, congratulations. Thank you very much. I do have a roll bid account and

I do play there sometimes. Sometimes I leverage $1.00, you can leverage the dollar 1000 times. So please reach out to Bernie, Burn Doggler or Burn Doggler will reach out to you. Be careful it won't be a fake. We'll make sure that Burn Doggler handles that reaches out to you, gets your robot account and that we credit you hopefully in the next in the next day or so. So thank you very much Opportunist for being an avid

listener and we appreciate you. Really appreciate that guys love Rogue Radio. Hell yeah, hell yeah. Hell what a better way to start this than what's up with a dope community member or like you were saying, Mando. So it's just a reminder every single day. Make sure you follow at four more hour and out Robecom.

We're going to be giving away $1000 a day for 15 shows and then every Tuesday and Friday. So starting next Tuesday you can win even more money because we're going to be running dual arenas loot boxes. Last I checked there's been some insane wins on wrecked radio and I'm. I'm honestly, I'm not gonna lie. I've been wanting this deal on

this show for every. Because, like, I love it when you get Zulu boxes and I see someone win like a fucking Vietnam heap or a golden pudgy like that Shit was crazy on the timeline. And the con is fire, so it always makes a great giveaway. So congratulations, Make sure you follow us. And with that, with that, with that, we'll see Y'all tomorrow morning, 10:30 AM Eastern Standard Time, 7:30 AM Pacific Standard Time for the episode of FOMO Hour on Rock Radio. Let's go.

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