Yo-yo yo-yo yo, what up? What up? Good morning, good morning GMG Tuesday February. I can't see my screen hold on 13th February 13th 2020. I I really cannot see in front of me right now. I don't even know if you guys are laughing straight. I mean let me guess obvious like this man was laughing at me and and on on mute or unmuted I don't know. I can't see the the by my main mod here. But anyways, Tuesday February 13th 20234442024 Look at that.
Another beautiful day to have a beautiful day. I got my clothes in the house. OSF Mando, how are you guys doing this morning? I mean, OV must be doing fantastic. Yeah, I'm doing good. How you guys doing? Doing well, even. Sorry. Doing good is not proper English. Doing well. You're muted by the way, Michael. See. I can't see. Thank you for calling that out. Thank you for for pulling that out from yourself. Good to see good grammar happening. On yourself. I'm. I'm a grammar.
You know what I like that. I like that you do your King's English. I like that. I like that someone on this show imposes the King's English. Wait, where? What the hell happened to Mando? No idea. I'm getting hot it. Was a good run. It was a good run for me there. Oh. You're back. You're back. I have to say, Mando, it's so good that for once in like this year, you sound right. It's the first time, I think in 2024 where you sound like, really deep and like nice. I like that voice.
Yeah, do some late night ASM with Manda. Dude, I'm not going to lie like Sims, are you hearing this? That, that is, he's very up close and personal with it and you get that full flavor behavior. I'm a big fan. At home, your arm doesn't extend to like, close to your mouth, right? So you do sound good. But then you've been going full Mario not fall on us when you're traveling. But right now with the mic closer like I have to say, like
I'm getting the tingles. I am getting the tingles right now. I like it. I'm going to go to you first when it comes to market reports today on the show today, today. OK I got I'm sorry. I I love my brothers and mug and my cousins but I can't see anything so I'm going to put my glasses back on because the Vipers, these Vipers, you can't see shit inside with these. I'm not going to lie. But we love them.
They're going to stay on the desk and next to my little bull here and they're going to be looking at us during this show. Today on the show today today market reporter usual macro crypto and all that good stuff. NF TS, Bitcoin E soul, blah blah meme coins going crazy. Yesterday you had extreme runs on on WIF. You had an extreme runs on mark going crazy on timeline. Hence the new the new PFP. Yes, this is me. I made a promise that in the copy goes on at 50 mil and I am a man of my words.
So we had to hold that Pandora bounces a lot of stuff. Just yesterday was just a crazy deal over all over the board so across every single like everything. So we're going to go over that NFT roundup Bitcoin eath, solana, so ether, ether rock. Three of them sold. So another one sold and I think that the there's there's a Poly market bet right now and over under $600,000 for the ether rocket Solibee. So I'm curious to see where that
settles and what you guys think. So we'll be talking about that killer bears just going crazy. I I saw that I've been, I've been lightly following it from the sidelines what's going on but they they have a Solana move going on so it's going crazy. A lot of stuff happening on the on the on the NFT front as well and as usual just like overall news going on. So anyways, anyways, as usual ladies and gentlemen, we all live on video so you can join us on X broadcast or on RUG Videos
YouTube channel. Just join us there and make sure make sure that you're tweeting the pin. Tweet it's PIN at the top, bottom right you go to to the purple box, you drop a little GM follow FOMO hour follow a little bit and for a chance to win $1000 we're running out of these 1K stammies. I think today and tomorrow.
I think today and tomorrow are the last two days, but that doesn't mean we're not going to give a lot of money away on the show every Tuesday and Friday during the loot box spin. So that's happening. I updated the loot box this morning boys. There's 59. There's 5959 NFTS in there now. So so I really went deep this morning. Like I went, I cleaned it up. A lot of them were were sold, so swapped for cash prizes.
So I removed that and I cleaned it all up and I added a second punk, a second ape, 3 pudgies, a ton of red guys, bunch of kampai pandas because those are doing well. Of course I added a bunch of rug radio NFTS because why not, we'd love to see that and because we can do that, which is awesome. But anyways, so that's that. So that'll be at the end of the
show. So make sure that you're live, make sure you're live with us. But anyways, you want to be live, so you're going to learn a lot about the market. And Speaking of the market, let's see what's going down. Can you dig it? Yeah, so Bitcoin hit 50K during the show, right? I think it then topped out at 40 1/2 roughly and everything then went crazy. So you saw ETH I think rallied about 5% after our show happened. That topped out just sharp 2700.
Solana went up to 115 and a bunch of altcoins started moving. Originally it was in the Bitcoin beta space with things like the BRC 20s move already moved all the way up to like you know 1.5 billion I think FTV. Then it moved into some of the ETH coins. So you had Lido was a big out performer yesterday, Arbitrum optimism and then you started seeing the meme coins.
So firstly you you had whiff which has been on a tear like it's topped out nearly at 400 million yesterday and since retreat retreated slightly but that's been a massive run but this this was trading at 170 million. It's basically done a 2 1/2 X in the last week and then you had MOG which is which is like an OG ETH meme at this stage and that moved up about 100%. It's up about 5 XI. Think from from recent lows, right? Like it's a big, big move and I think.
Look at this. Way I know things I would say to note here is you started to see ETH outperform particularly today when everything started going lower. ETF has kind of stayed high and you've started to see a bit more talk about an ETH rotation trade. I think there's the main reason for that is, is the ETF people are now getting very built up on the ETF. Notably Franklin Templeton which is a 1 trillion plus asset manager applied for their ETF yesterday.
So people are assuming that there's more chance that this is going to get done. We can go into Poly market. Let's go into Poly market and check what they say I like. Poly market. Yeah, maybe you don't do that on the screen because I'm financially, technologically illiterate, but that's what. I'm here for tell us. Put an ETF. So I've just been, I've just
been buying ETH. I think ETH is going to go like if you want to hear what my trade is and there's no financial advice, but that's what I've been doing. Fine, I love that. Over the last 24 hours I gave you Solana at 78. I'm giving you ETH now at 2600 or 2005 whatever 50 I think it's going to. I think this is going to breakthrough 3K like I just I just get the. Feeling right, like there's a huge like thing where it's like above 3K it's air until 3/5.
I think we've been talking about this for a long time in the show, no? Yeah, look, what I guess up until now, ETH has really just been a beta trade. It's obviously underperformed most things. It's underperformed Bitcoin and it underperformed Solana and underperformed a lot of old L ones.
I think I just get the feeling that this is going to be the time that ETH really leads just because I think the Bitcoin ETF trade, yeah it's it's not that it's already happened, but we're clearly middle of the way through it and Bitcoin just basically did a 2X. Now on the back of just that just that ETF, it was trading at 26 K and now it's trading at 50, right. And ETH is trading at 2000, well 2500 there when this sort of comments are coming out about
the the new ETF. So I just think people get very pulled up on it. So I'm starting to think that that's the right rotation. As as I've said, I said yesterday, it's a little bit difficult because you think oh ETH is going to be that former. Do I buy ETH or do I buy XYZ? Do I buy L twos, do I buy the staking coins, do I buy the meme coins? I think that the best trade will be ETH or levity ETH. But but there's obviously going to be some other ways to trade this like the best risk reward
trade is going to be levity. But yeah you could you could buy in terms of what comes to mind, obviously the top L twos, although their fully diluted market caps are very high. So arbitrary market cap is touching above 20 billion optimism suddenly in the teens you have a few others coming but but yeah there's obviously you can play the L twos.
You can play Lido is the main staking which is basically the equivalent of of Jeto on Solana or you can play some of the OGD Phi things, things like synthetics would be an obvious one to go for that's like re underpinning of a lot of D Phi and then you have some of the memes.
So things like Mogg just did like 100% move and weirdly it wasn't Pepe. So like Pepe was obviously it's kind of the known as one of the bigger ETH native means this mogs had a much, I don't know cleaner last few months. I would say like more people joined it less division that one really moved but you could see, you could see ETH memes I think come back a little bit but the cleanest one for me is still is still ETH. But yeah that that's what I'm
focused on right now I think. I think we're going to see a period here of ETH outperforming. I think ETH is going to breakthrough 3K very, very soon. Yeah, it's fuck, that's that's exciting. I mean we we, we, that's what we wanted last time, right? Like when it was it ran to like what 2700 remember talking about that and a lot of the timeline was talking like 335 for for for
ether. But then like a lot of stuff got smashed after the like well it's saying like GBTC selling pressure of Bitcoin but this time it looks different on I have a question for you and then I I I definitely want to hear what OV thinks because this is like music to Z is for sure for sure. And OV's definitely having the best day here after. I mean this man's coins are all all fucked on today at least overnight.
Like this guy. This guy's whiff and this is like your two big like shit coin positions and you're like it. They're absurdly up. But Mando on right now we're getting paid to belong Bitcoin, which I find kind of interesting after this move down on Robit. Right now, my two Bitcoin longs, I mean paid to be long at the. Moment. I don't see that in the in the broader funding. Interesting. If I can show my. Screen and show you, but I don't really want to.
If you go to Coin Allies, for example, which is your coin glass? Maybe. Maybe I'm late to it. That's one of the positions, yeah, I'll just go down. That's interesting. Like if you go on to coin glass though, which is probably the easiest for like current funding. Yes. What you actually saw overnight was, yeah, see, these are not good figures, if I'm honest. But if you go onto the heat map, we compare it to yesterday.
Yeah. So you see how kind of a few hours ago everything started getting a bit more yellow, right? Right. That's. And up until then it been pretty green and suddenly started yellow. Now to just put into context, you got a 30 day when you change that to a 90 day just for people to be able to see or three month, yeah so that's what it was like remember going into the ETF, so we started to see a lot more yellow.
So we're not at like peak peak degeneracy, but funding rates definitely did spike overnight and that is why you had that big Wick down like I was 100% expecting something like that. And so you're starting to see things have to pick themselves up from maybe being slightly over levered. It's very, very dangerous thing to have to have like tight leverage in in this sort of a market. But yeah, Bitcoin is still, I mean bitcoin's definitely below 49 K now. So it'd been eight days in a row
higher. We'll see what the ETF buys today, but maybe it did take a little bit of a breather. I'm just the. ETF, The ETF data is out. It's another 534 million net inflow. What, Already today? Yeah, already. Wait, it opens at 9:30. The bell rings at 9:00 or 9:00 today. I always forget. Sorry. I just if you go to look on chain, they they produce the updates every day and it says 8 ETFs added 590,000,000 Bitcoin today while grayscale only
decreased by 56,000,000. So it's basically that's if that's two, I mean if those numbers are right, I I think they have to get finalized by the end of the day. But if we're in that ballpark, that's $2 billion of net inflows in just four days. I just, I don't know how you can be bearish. Like it's just it's madness to me. The thing is, I think bitcoins obviously have this monumental run. Now not in terms of absolute moves, like the move is what, 15%, but in terms of consecutive moves.
So people get very, very, you know, wary when you have these sort of big consecutive moves and we're in, you know, we're in extreme greed now on the index, all this sort of stuff. But I just don't know how you can be bearish on that like something really CPI came out slightly hot today. Nothing, nothing to go nuts about 3.1% like we are. We are still very close to the Fed, Fed target at the moment. I just, I don't know how you, how you fight that.
How could you be sure with that? The only person all CT that went short is keyword monkey. Thankfully, he looks like he closed that scalp. He was right for like 12 hours, but I think it's like the most suicidal trade is to try to scalp a short in the middle of like a run like that. Like it's really scary genuinely, because I was thinking about this morning. It's like you scalp a short because you feel like some frost when we hit 50K.
But like the UPS, the risk reward is not worth it, right? I think if you're scalping you tend to have tight stops, so it doesn't really matter. You just whatever, like I'm sure he would have stopped out at the same level he took profits. So, but yeah, I would say, like what's more dangerous is if you have a medium term short, because without tight stops, that's how you can really like do your bollocks.
But if it's just a if you're just scalping like whatever, you're never going to make much money, but you're never going to lose much money either, I think, because you should have tight stops in that. OK. OK. OK. OK. I like that OV What's up with? And then we had numbers this morning. There's another figure coming out this week, right? Or no? That's it. No, I think that's it. I think inflation is CPI is usually the big one. We'll probably have some PMI
numbers later this month. I think maybe we already have them. I can't even remember. We've got PPI on Friday with. TPI, that's it. We have PPI on Friday, yeah, which will be important. But yeah, I mean, I don't think 3.1% is that bad. I just think people got really bulled up on how low the number could be and the expectation was 2.9%. Remember last month was 3.4, so we're actually seeing inflation drop again after it kind of evened out and even rose a
little bit. So it's it's actually a good number in my opinion and to see 3.1% inflation alongside like payrolls that are coming in at 203 hundred, 400K every month, I think it's pretty it's a massive win like it's a it's a good NUM. Those are, these are good numbers for the economy. If we came in at 3.53 point 6 and you have those big payroll numbers that would be a bit more worrying but 3.1%, I think it's
a good number. That's the second lowest print we've seen in the last 18 months, possibly even 2 years. I don't even know when you know when things started to get out of control. So I actually think it's a good number. I think I just think like short term markets maybe got a bit too pulled up and they're now paying the the penalty for that. But you know, I just don't think I mean CPI is important because if the, you know, it effects macro risk sentiment which therefore effects how much
people want to put into crypto. But at the end of the day, we're still seeing massive, massive crypto inflows from the ETF. 2 billion in four days is not a joke. And tomorrow, tomorrow will be interesting because tomorrow is going to be the number we'll see having had the CPI number and having had the market reaction today and you'd expect tomorrow's info number would maybe a little bit lower because people are making those decisions today.
But I just, it doesn't seem like these Bitcoin inflows are going to slow down anytime. And I really do believe if that continues, I think if that continues, we will see 100K Bitcoin in the first half of the year. We may even see it in Q1. Like if you get $500 million a day of Bitcoin inflows every day and that doesn't stop, we will see 100K Bitcoin in Q1. We definitely will because the numbers just don't add up for it to not go to not go parabolic.
But that depends on the ETF flows and it feels like to me there's a high likelihood of seeing that in H1. So I think dips like these, you're probably meant to buy like we may be off a bit because leverage ticked up, we had a bad CPI number and things sold off and people are taking profits and having had a good run. But you know, I just think these are, these are always dips to be bought because the main thing that's driving the crypto market right now is $500 million a day
of inflows into Bitcoin ETF. And as long as that continues, it's going to be very hard for us to not rally from here, I think. Yeah, OK. Look, we absolutely love to see that it's and some good figures you shared right now, Andrew. Andrew Kane put out a good tweet yesterday. It's worth it's worth looking at. He was trying to estimate what the inflows he thought would be into Bitcoin. Hold on. Let's go check.
And I think he's he was estimating something like 40 to 120 billion of inflows this year. Yeah, we literally we that's what Kunis said. But Kunis was saying the estimates are 100 bill, but like he's he's putting in at 50. Yeah, I mean, he's talking about not just the ETF obviously, or at least not just the USETFI think you're thinking about other things such. A good pose. This is great. I thought it was. If you keep on going down, you'll find it. But. This one. There it is.
Long term BTC demand flows this year I approximate to be 40 to $130 billion and so he puts this like chart, this like table here that he's talking about. It's very it's very high level. He's obviously talking about like household demand but I don't think he's, I don't think he's massively off.
I do think, I do think we could see that sort of an inflow into into Bitcoin and this is a period where you know Bitcoin on exchanges is is at its lowest for for many, many, many years and you have the Harbin coming up. So it's it's a period where you could have increased impact on price in my opinion, but you know, Blackrock's got 5 billion Bitcoin already, 5 billion Bitcoin that, that they're just going to keep on driving this thing, man, like. Oh, that is insane. That is insane, bro.
That is just like that is just what? What do you want, wizard? Why is Wizards commenting on our shit? I know he's watching us live. He's watching the the the X. Probably probably because I said 100K Bitcoin. He's literally watching the X broadcast because at the bottom right in the comments it says there's AX logo and not the YouTube one. So he's watching us live on video on XI sent them the link
to the stream yard. I'm like, why don't you just crash the show and let's see what what he thinks. I mean, Capo yesterday posted his new TA and it seems like Capo still thinks that we're going down. I did ask him and I got a response actually OV that I had to send you screenshots for because you're blocked still. But I thought it was so funny. Like, send me a screenshot. I'm still blocked. I thought it was hilarious. Out of all the people that made fun of him, you're the one who
got blocked. It's like it's hilarious to me, but basically I asked the message, are you me man or or do you actually think this? He goes, he just stays the same 50K30K. Then we'll see what happens. So I guess we'll see, I guess, I guess we'll see for that, but it it's looking great. So just to recap of prices here, what's that menu? How does he think he goes to 30 K other than lines on the chart like I think? I think it's it's not it's not real.
I don't think it's real anymore. It's not real anymore, is it? It's real anymore. I don't think it's me, I'm actually. Trying to think what makes apart from we're frothy. We've got a bit too much leverage like I to be clear we actually don't have that much leverage. Historically if you go back to when Bitcoin was last at 50K, the leverage in the system is
much, much lower. You can even see on that funding like we're not yellow across the board, it's high, it's not insane and it's definitely decreased on things like CME over the last over the last few months or last month since the since the ETF. So like I I do wonder how we go from 50 to 30 K like OV like what do you think of the things that that really 'cause we should be worried about like a banking crisis or like what is the thing that?
Require Black Swan, right? Banking crisis is like good for Bitcoin. Remember when we had Bitcoin rally last year in the banking crisis? I mean, I don't know. We don't have to have this conversation because we don't have to, like, manifest things. It's. Important like because I think a lot of people on the first sign of weakness, they go like oh we're going to go low because the chart tells me to like there's got to be something driving this.
And I know obviously a lot of this is momentum, so people get scared and on the way down. But if you have an ETF which is buying and let's say it slows, let's say it goes down to 100, two, 100 million a day. We're still talking about crazy inflows into an asset daily. Just to put into context, a very good week. If you go coin shares, if you they post. If you want their Twitter, they post weekly the inflows into into crypto coin.
Coin shares you know where Melton and they they used to post weekly the inflows into into crypto funds. You should look at this chart about what's been going on for the last few weeks compared to what it was like for many, many, many. Where did you see this chart? They post a few. Days onto their website maybe like they've put 708 million there, like where that where it said 1.1 billion go down. Oh my bad, my bad. Sorry. So right here.
Click on that link 1.1 billion Yeah, click on that. Oh, I got drained. Oh God. Dude, come on, man. They're really killing you. But just depends. Context. We are just dwarfing anything that we saw on a weekly basis into crypto, into crypto funds over the last year. Like a great week. Bro, you can't access the website. OK, go ahead. Sorry. Would be a few 100 million. Oh my God, this is just a disaster for. Just type in. Oh, there we go. There you go. Look at that.
Look at that chart there, right. And you're starting to see obviously prefer those two weeks for the GBTC outflows, but look at how big these inflows are compared to all of last year or like what you would see on a durational week last week you'd like you'd be happy if you got 100 to 200 million of inflows today we're getting 500 million a day. And we were worried about GBTC dumping on us. Like look at it we we are factors different to what's been
going on for years in crypto. This is the most inflow inflows crypto we see. Crypto asset flows by asset in millions of dollars and look at that and that that involves Bitcoin, Ethereum, multi assets. So we're not buying us like one another. We're talking like billions here, yeah? Like look at that. I remember because I used to post this data every single week. These are these are the like the the main, these are the main institutional funds that that
used to have crypto. It used to be like, oh great, we got 100 million in and now arguably a lot of that a lot of that was in retail. But these this is new capital like BlackRock wasn't buying before. Like look at that chart. It's this is insane. I mean, this is the only one we need to see, right? Yeah, Well, yeah, I mean you have those two down weeks because of because of grayscale, but.
Yeah, that's it. Look at this one, look at this one, weekly crypto asset flows by asset in money there's there is 1100 million, OK. One point Bill that's 1100 million of dollars going into the weekly crypto asset flows and you're bearish aenon like, I, I, I, you know what I mean. It's like it's so absurd to me when I read bearish like sentiment on the timeline and then we're not even. The crazy thing is you're not even being a fork here.
You're just literally using numbers and data to like show why you're making a point OV your 100K Bitcoin comment is making the rounds right now. Like it what what was your call like by end of year? We didn't. We all say 100K Bitcoin in the year? If we see if we see $500 million a day of inflows into the Bitcoin ETF, we will see 100K by the end of Q1 and Q1. There's about six weeks left. By the end of Q1. In about in about six weeks, I'm saying. You see? Oh yeah, let's go.
That's the fucking animal. That I'm just saying that's if you see that that there's consistent inflows, we may we probably won't but if you do then I think, I think I think that's what we would get. So, so I just, I just checked it today, just just now. So 2023 crypto inflows at asset managers in 2023 was 2.2 billion. We have seen 2.2 billion in four days. So all of 2023's inflows have happened in the last four days into institutional funds like that is just stop fighting it.
So like yeah, OK yeah maybe we might go down because the average is high people get liquidated, I get it. But this is not, this is not like, oh, we're just going to go down to 30 K because your charts as it is. It also the other thing I think to note here for Chartists and anyone who's following on chain metrics is how much buying is now happening off chain. It's like happening by people like they're not going to going to the average price of these
sort of buys. The sort of metrics that we're following. This is a lot of the metrics that we used to have to follow are going to start to become less, less relevant because of the type of buyer that we're seeing. Yeah. Dude Wizard is losing his mind in the YouTube comments right now. He is like blasting comments. This is this is going to end in me. Me like somehow getting into a bet of like, Bitcoin to 100K? Yeah. Yeah.
Yeah, yeah, yeah. But you, you need to get crazy odds on that because you're calling for Q1, like you need to be getting like 5:00 to 1:00 on that, you know what I mean? Like 12:50 on that if you're going to take that. Yeah, maybe. Let me function and find that guy who I bet bet for the ETF. You know. Afterwards. I'm getting notes. I'm getting notes. I'm getting notes that we're getting Wizard is is is coming in the studio. No faces. OK, he's coming. He's coming. He's on the way.
I sent him the stream yard link. He is on the way. This show was about to get Rowdy. He's coming on video. We have 210 people in the studio watching us live on video by the way. So just a quick reminder follow FOMO hour because we deliver fire content every day and also and and and also because Wiz is on his way to to take a bet with with over here so that's that's about to get interesting anyways. Anyways anyways anyways all right so Mendo ETH. Perfect. So I'm.
I meant to move my longs to ETH got you. Thank you for FA We're going to take care of that we're going to take care of that after the show. Not doing so that's that's that there he is. There he is the the great bear. Look at this. Look at that name. Look at that name. Wizard. What's up? So what's going on here You you don't seem 100K, what is what are you talking about end of Q1? 100K man six weeks. That's wild. Like, damn, I couldn't even try and LARP that hard, man. That's unreal.
I'm I'm the inverse capo. I'm the new capo. Yeah, I mean Anthem. I mean, yeah, there's inflows, but like, are we just like, not? So we just think that it doesn't matter what happens with anything, right? Like, so I saw you guys saying inflation, it was just like a small. No, no. I mean, did you see shelter? Like shelter is just not moving down. We just don't care. We don't care. Well, I don't care.
Do you guys care? Manda had a. Comment there but we got we got to have a we got to put a bet down man you're calling for 100K end of Q1 we there's got to be some sauce on the line here. I agree. I I think you guys should be betting. I actually totally agree. I think OV and and and and and Wizard here should be taken a bet. Yeah. I just, I just don't think we need to be worried about inflation at 3.1% like shelter inflation is it's not exactly going to go up like it's it's
lagging already. So we already know it's going to come down to a certain extent. Like even if it even if we settle around 3% like it's it's just not in the world where Bitcoin then goes to 30 K like I just think this is this is where it decouples because of inflows like macro really really fucking mattered for a long time but like now it feels on the margin rather than if inflation's slightly high it's going to nuke Bitcoin like it just you can even see that in like like the
price sections at a like. Oh yeah. So I I agree with the with of course the 30K that that'll that's just I think it's just a meme like I it would take so much like Fed would have to be like OK we're gonna hike 50 basis points right now inflation goes to 6% I mean maybe we see 36K38K maybe then so I don't disagree with that but I don't think we're seeing 100K by end. I mean, yeah, let's put a dollar, a dollar, dollar. Bet. Let's do it. Dollar bet. End of Q1. NFQ $1.00 bet, I like that.
I like those dollar bets. I think we should be doing more. Yeah, yeah. Well, I mean, there's no, I'm not going to flex with OV the guy, you know, big size. So yeah, I mean, I'm a fall fit. Small little fish, but. OV's up good today. OV's up good today. You know he he's top mugger. He's top wiffer. You know his his coins are doing good today, Wizard. So he's. Yeah, we love the mug, so you know all about that. We love cyber bullying, so bullish on that. Wait, opinions of our?
Was created created as a coin to like bully whiz, that's. Literally, Yeah. Literally, it was literally created to like attack, whiz. And then I messaged OV on July 20th. Yeah, I'm in. I was like, I posted it. I was like by MOG, it's this Wizard of Soho Cyber Bullying coin and and that's when we bought it. And then and then we. Just fucked up for the fall. Oh my God, this is great.
This is great. Now that no 100%, it was literally made to bully me. And like all their first memes are just pictures of me from like my Instagram from like fucking seven years ago. Like, it's incredible. I love that. I love that anyway. So that's that that's I think that's a good market. I think that's a good market We can how you feel about how you feel about how do you feel about Ethier with I mean Mando and Mando's feeling very, very bullish. You're on it. Yeah.
Yeah. I'm very bullish on it. I mean the the they're filing Eat the what do you call like the ETFs and shit like that. It's we just we literally get to do the exact same playbook all over again. I mean, yeah, 100%, very bullish on. I mean this is against my whole Twitter character right now. But yeah, I'm very, very bullish on Eat the. It's like my largest spot position plus all the Eat NFTS too. But yeah, what's your, what's your favorite ETH base trade? Because there's a few things now
you can buy. There's LTS that maybe some mean coins and oh, you mean like like the beta, like a like a. Yeah, yeah, yeah. Oh. Honestly man, all of them like anything you pick like Arbitrum. Like I have a large fish on Arbitrum. I have. I like all those like sui op. I don't even know if they have any users but all that shit's going to like, you know easily outperform it over the next into into the ETF. But I don't, I don't know what do you guys have? I mean, I have like, so what's.
I have a big pudgy, pudgy Penguins position which honestly trades like inverse to most NFTS because usually NFTS dump when eats pumps, but pudgy Penguins pump when eats pumps. So that's been incredible. But I don't know what what betas do you guys have? I think, I think some NFTS will, yeah, Morgan, I think seems. I have. I'm not lying. I think NFTS like in the like in the 2021 Bull Run NFTS he did act as a as as levered ETH if you like it's like punk's did really well.
I think maybe Penguins are like I don't want to say as phrase I don't want to say that the 8th of the cycle but they're they're definitely the NFTS with the most momentum the cycle. So I think I think that will act as a good basis to ETH as well. But now you have so many L twos, like three years ago the only L2 you really had was Polygon and now you have arbitrum, optimism. Imagine. Wasn't even really an L2, right?
Yeah. And you're going to have stuff like Blast that's going to be coming as well, which we spoke about yesterday. So I think there's a lot of good ETH beta players. It's funny because, and it's what Manda said yesterday, it's like when you think about all the different ETH beta players, it kind of makes you like less bullish on ETH itself, because it's how I'd rather just buy this than actually buy ETH and it kind of makes you wonder
about that. But. I mean that depends if you're a spot like you know yeah but you you you got massive downside risk right on the on the beta it's like I mean those things swing like 510% a day sometimes. So yeah I mean I think that's a fairpoint for sure this but that's that is the thing there's so many more eat betas.
I mean you're right like if you think about it like last cycle yeah you just had Polygon which was went on an insane pump like the Polygon was like the the the Solana pump that we're seeing now it was like the Polygon pump and it hit like $3 or some shit but that was wild. But yeah blast will be big too I agree on that. Blast will be like the gaming is where my biggest allocation outside of spot eat and is and pudgy pangas like I think like this gaming is just.
I mean if you saw mafia holy shit you see big time holy like all these gaming tokens are just going to be just easy. 1025 X like every time like not faded beam. Shout out to Mando on that but put me on beam. Holy shit, that Beam Shade has been incredible. Yeah. Yeah, has been insane. You guys cooked that, huh? Yeah, all amando, man. Yo, it was so random. He, like, matches me. He's like, hey man, I like this. I like this token beam. I'm bullish on it. Literally.
Like, what the fuck it is. What made you like? That man, though, like what was what was 'cause I remember you calling that. Like, what was what was the call like? Why? It's it's actually an old token. They just they just made a new token and you know, you just know in this space that you just need a narrative. Like, Beam doesn't actually have much going on it. Like it's not like it's sitting there with like all these like millions of users.
It's the same with pretty much everything in gaming I spoke about yesterday. But hot narrative, they're burning a lot of their supplies. So it's like AVC. At the same time, it's kind of like like AI don't want to say Animoka, but they're making investments into different gaming companies and then they're using the profits from those investments to burn the token.
So you kind of own like a a gaming VC at the same time as a chain and it's a token you know that like went basically to zero and then came back up and it got a new IT used to be merit circle it's they had a ton of money in their treasury. I think they have like nearly 100 million in their treasury so or maybe even more so it just seemed like an obvious and that was when it was trading at 500 million or 600 million now it's. Saying lower, when you hit me up it was it was 2200 like 150 or
200 million. Fuck, it was like 4 like .004 and like, I literally, I had no idea. I didn't even look. I just literally started aping and like clips off like 50K50I was like and then I'm like, all right, what is this thing? As well, yeah, gaming. Gaming people didn't spin up a narrative like that, right? Like we're going to, there's some big gaming coins to come out for the rest of the year. And I just, I remember this from 2021 like it's so easy to on board people, to gaming
narratives. Like things can get really crazy. Yeah, I agree with Mando on this hundred, like that should be a huge, like, we've already seen it, like 4-3 tokens have come out. That's nothing. There's so much money waiting to go into gaming and the like big time went to what like 1 billion something plus like 10X after launch. Like imagine that 10X after launch on a like a legitimate like token, not a meme coin mafia.
It's like an 8 or 9X already. I mean, this is, yeah, it's going to be huge, all these games coming out. OK, OK, wow, that's going to be exciting. The gaming narrative is fucking crazy and it's obviously like it keeps on, keep it on. Anyways, thank you Wizard for crashing the show and making a bet with Ovi. We're excited to see if we hit that. If we hit that, if we hit that amount, the 100K in in Q1, honestly that would be fire and something that I would love to
see. What's going on in the NFT world, What is going on in the NFT world? I mean let's have a look at digens here to do a quick little recap. What's going down in the space you have, you have a lot of stuff rotten still, right, like pudgies are still above 50K. Ozuki's been running as well on the on the east side, little pudgies in the eco as well, some mutant ape sales. But it's just it's just the overall in the fi market just feels healthy.
I don't know. How do you guys feel about that in general? It feels, it feels good. Obviously you look at the top of DJs like most things are down just because everything grips. Yesterday Pixelmon announced a partnership with Mutable. They've obviously got a a token coming. We actually were investors in that they that's been rising over the last the last few sessions you have a few things which have tokens on it.
So that parcel that's a that's a real estate platform on on Solana which has been doing really well, those are up about 40% on the week. The the parcels there you saw came by pandas obviously been like slightly rising. Crazy, Yeah. Killer bears have have done like a 2X over the last week. They're moving to Solana just like a bit more focused on that whole project. They've they've obviously got a lot of different assets in their
ecosystem. So I think they have like killer carbs and a couple of other things which. Killing it, yeah. Which have started to move. They had like AI don't know, a tougher period I think for a while. And then there's been a bunch of air drops for ordinals holders. You've got two air drops coming I think, or one of them maybe is has already come.
I think I'm trying to remember the names of them, but if you were involved in any top ordinals collections, you've probably got an air drop overnight. So go check. I think one of them is called Rune Guardians. I think that's already out and that is trading. If you go to the second page of Degens, I think you can you can see it. It came out maybe yesterday and then there is a. Is that it? I saw that I didn't get any. I I saw, Dee said. He received one.
He posted that. There is an AirDrop coming called Karma which is going to be which is maybe a BRC 20 or Rune. But Karma AirDrop is coming for for holders as well. So you're going to get 2 two different airdrops if you're if you're involved in ordinals at all. Most of the top collections are getting them OK bears, they are going to be doing new collection. I think it's OK dogs.
Remember Magic Eden announced their new marketplace is going to be on the 27th of February. They put out like a cinematic trailer alongside board apes that obviously this is the one that's going to be collect, protecting creator royalties. And they've obviously hinted at a token or they actually basically said they're going to get a token for some of these things. So I expect that could that launchpad, you could start seeing a lot of different projects as you said ether rocks.
Another one sold 740 KA huge sale and then it was really just the tokens. So you see, aiming tokens all went up a lot yesterday. Zeta is an L1 which went up yesterday. I'm just talking about some of the lower cap ones. Mug four O fours bounced. I think Sagar actually came out with his own token standard yesterday. So I think the idea of new token standards to play with ETH between 7:20 ones and ERC 20s I think is going to be interesting.
But yeah, a lot of stuff going on in the small cap stuff. Honestly, Amanda, Minutes has been taking me so long to write. Yeah, right. Because it's just, I know in the bull market there is just so much going on, so many things like points fucking air drops, something like it's very very difficult to to keep up. So yeah, go fucking subscribe If you haven't subscribed yet, I'm. Wasting. My this thing. But yeah, it's. I'll do it. You know what? The new the collection back then.
It's like this. People cutting their Dicks off. Oh yeah, it's like. I'll do this. I'll do it. Remember that that collection in the last bull market. What was that? What was that? Collection again, so I'll do it. Oh, that's what it was called and. It's like like this. And he's like holding his Dick out with scissors and it was like something like, well, I'll do it. It was so funny. Oh my God, dad, maybe an honorary.
So like, there's really like a character of like me with like scissors cutting my thing off and you can like, change it every time I found it. I find it hilarious. Anyways.