Oh, yo-yo, what up? Good morning, Good morning, GME. It does feel like Friday though. What day is it? It definitely feels like Friday. We got the Shabbat candles early today, Wednesday, February 14th, 2024. Look at that. Another beautiful day to have a beautiful day. Happy Valentine's Day I guess. Happy Valentine's Day, I guess. I got. I got my my my Crypto Valentine with me. Mando, how you doing today? I'm doing good. How are you? Can you hear me?
He took the mic. Oh wow, you got the sexy mic going on for Valentine's Day too. That's crazy. Oh yeah. Oh. Yeah, so it is Valentine's Day today, Mindo, And I guess Ovi had to take the day off, right? Because it's a holiday. Is that what happens behind the scenes at Canary Labs? Is does he just fuck off for every holiday? I don't know where he is today.
I that's why I was confused. That's why I asked him to chat earlier because I was like I saw nothing in our schedule that said that he wasn't going to be able to make it on the show. So I don't know where he is. Honestly, for real, where is Ovi? Like, what's his excuse? He already moved. Let's see, I'm going on his Twitter account. He's not anywhere. I thought he was on someone else's face. He's not. Yeah, he's he's sly, definitely sly. I don't.
Know that's weird, huh? That's kind of sucks. That's kind of sucks. That's kind of sucks anyways. Anyways, yes, I did cut my hair. By the way, I saw Zara saying you didn't cut your hair. Of course I did. But it's a Persian 5 incher. It's a Persian 5 incher right there. Exactly. It's a Persian 5 inches. Here you go. Take a look. Take a look. It's shorter, you know, it's healthier. You know someone sometimes you got to cut the ends.
So you renew the energy. You know, because the energy comes out of your head, right, Your brain. That's why monks are bald. Don't quote me on that and let. Let us into some of some of some of the frog hair care expenses. How how much is a haircut for for that? Like this is quite cheap, actually, it was $83 Canadian. OK, that's actually a much less than I thought it was going to be. No. Like, it's not like Vanessa's like it's. Like, yeah, I thought. I thought you you, yours would
be a multi $100 haircut. No, bro, come on, it's $60.00 USD and I tipped 20 bucks. You know, like, here you go. It's like 2530%, which is really cool. Oh, there's a new button here. It says 168 people have joined this space with a little fire emoji on fire. Fire. Wait, I? Don't know. I don't know. We have that. Hold on, it's fire. But anyways, yeah, I did cut my hair. But let me tell you guys something. A lot of the energy comes out of your hair. And my hair was very dry and very long.
Very long. Very long. Like really long down, almost all the way to my butt. And sometimes you have to cut it in order to send the market. And this is what happens. I cut my hair yesterday and this morning the market is is going insane. So you, you know, is is that related? Yes, it is, absolutely. You know, the market did pump because I cut my hair and not the other way around. So anyways, we're live on YouTube, we're live on X, we have the broadcast saying I'm about to post it.
Let's fucking go. Episode 60 FOMO Hour on Rock Radio. You already know the vibes, so stay on the show today, Today, Let's see what we got. I mean, obviously the market report's going to be fucking insane today as Bitcoin past $1 trillion in market cap. Yeah, Bitcoin early, early. There's no other. Coin. There's no other coin. How many chairs do you sit on? How many chairs do you sit on?
I know these are sitting on many chairs because they just got a new one, but you know they just sent me a photo of a chair. I'm like how many chairs did these sit on? But how many chairs do we sit on? Well we sit on many chairs that's for sure. So the bullishness is non-stop. I mean Mando, I saw the clip yesterday literally saying this is non financial advice but maybe long ETH and shit because they did that print alt coins and NFTSI mean whiff is going crazy Trump coins going insane.
We we just have so much going on going on. I think real bit bounced after Razer did AQ and A you have Alex Becker pushing more gaming coins. You have the rune the RSIC. There was an update where you can like boost your rune. So that went up. There's just a bunch of shit going on right now across the the, the, the space. And last but not least, today's show partners smart layer. Actually the chief what's CSO.
It's chief strategy. Chief Strategy Officer at Smart Layer is going to be joining us, Matthew Sweezy. And that's this is a project I'd heard about. So I think it's really cool that they're partnering us with us today on the show. So stay tuned. They're going to come towards the end of the show around 11:15. We have a little video to play for y'all and some cool stuff going on there.
Very interesting what they got going on over there and we're going to be talking ERC 5169, we're going to be talking ERC four O 4. They have half a million followers on their on their ex account like it's like and it's the the partner stay. Yeah, yeah, yeah, it's actually, it's actually something pretty legitimate. So I'm really excited to chat with them about everything they got coming up on that front. So anyways, anyways, anyways, shall we talk markets? Oh, yeah, we should.
Who is the? Man, knackle daddy. Of the land. Can you dig it? GM everyone, it is a good day to be involved in crypto markets. Fellow crypto investors, Bitcoin, where where was it yesterday during the chat? Like we were, we were breaking down lower. After that, CPI for instance, CPI came in. Yeah, CPI came in slightly above expectations. I think stocks actually had the worst day in nearly a year yesterday. So most stock indices were down about 2% and you had a very
strong dollar. So even gold went lower. You know, crypto has a lot of relation to gold. We initially sold off and then we decided we don't give a fuck. 600 million of inflows went into the ETF yesterday. We are, we have eclipsed in four days the amount of inflows that you saw in all of 2023 into crypto public funds. I fully expect this to continue, or at least close to the same
vein. We've spoken about the range of different reasons why, but yeah, I think we could be in a period where we see hundreds of millions each day. This was the this is the single biggest inflow into the ETFs since the first day of ETF. So this, this is, this is a huge, huge day of inflows and you know, I just don't know how you can be bearish at that. And I think there was the bullish stuff that came to happen yesterday that that
dipped down. So when Bitcoin hit roughly 48 K eat dipped down to shy of 2600, Solana went down to one O 8 I think if it reset all the funding. So a lot of the funding that had been built up again if you bring the fund to keep that stuff got reset. So that was that was nice and you yeah, you've just like the consecutive updates that we had. Remember Bitcoin was was on for like 9 consecutive updates and people got very bearish about
that. So the things that there are some technical indicators that make us look slightly overbought. The Fear and Greed index is trading at extreme greed, something close to 80 right now. You have some RSI figures are starting to look slightly high, high and some of the on chain metrics are, but I think this is, it's dangerous I would say because I think a lot, a lot even for you were saying for me today like oh should I take profits and all this sort of stuff.
And I think this is the sort of period where charters get destroyed because you haven't seen something like this. This looks like, oh, you know the chart doesn't make sense. Like we've gone too far. And I I remember markets like this as a trader back in let's say like 2020 or some of the other periods like around like the Trump election for example, when I used to be trade tradfires. Sometimes the charts just they just look like they don't make
sense. And it's because the the amount of inflows are just so incredible that if you're going to try and be a chartist during those periods, it just seems so dumb because you're going to try and short stuff you're going to take stuff off too early. The amount of inflows we are seeing is unbelievable by crypto previous standards and I think I honestly think the main risk is taking off risk too early.
I I like I genuinely think that I think this is the real moment where we I mean we've set it in a few three different chats that are in like balls on balls on the on the table and this is where it really happens because it's going to feel like oh you know I should take some profits and I'm not I'm not saying you shouldn't but I do think that that that you're the biggest risk here is that Bitcoin could just keep going There was
something today which yesterday Ted Talks Mac macro which is a great account to follow put up a tweet might as well bring it up because I think put it in the minutes too which which talked about which tweet is Ted talks macro is the is the name of the account. I got it. Hold on, Let. Me find it. I'll get it. I'll get it. Got it. Got it.
It's a good good account post about quite a lot but they they were talking about at the current rate of inflows we could see an at the high in something like 20-6 days. So it it is some mass there. So during this time period on average every $265 million of inflows each day theoretically caused a $768 increase in the price of Bitcoin. Bitcoin IS20K20K away from at the highs 20K over 760.
Sixty eight is 26 days. So we are just seeing unbelievable inflows and I think it's going to be a bit of like a little most hazed rally here. So it's not going to make sense. Charters are going to get wrecked trying to take stuff off too early and I just although I I am aware of you know black Swans you know excessive risk taking all of that sort of
stuff. I I don't know the risk reward even at this extended period just makes me think that I want to keep it on so and I'm I'm not telling you that you know as someone who's not taking risk I'm taking huge risk behind putting this on. I'm the most on I've I've been in over 18 months right now even at this extended point where I think you can take the most upside downside risk.
As I said yesterday it's probably on ETH because I don't I don't see any significant pull back on ETH and I think it's still that to me feels like again the the most hated one because people may may have moved away from it recently. It's just broken through the resistance which was there for a long long time this 2714 area and I just think on any pull back people will buy it because because of what the reasons I
said yesterday. So I like the risk reward and that and I like some of the risk reward again in some of the ETH beats play. So I I told you yesterday put on like Pepe which which had, which had a decent move today I had I had the say trade on for a while right. You. Had cooked me with that. You got you. You gave me a good one with that. That one, that one had an unlock today, bullish unlock and they announced the V2 Devnet. So that one moved a lot. That's kind of an ETH play
because it's. Like a? EVM play a lot of people saying it's kind of an ETH killer. So at the same time like if ETH goes that you can actually put a lot of your apps onto it that had a big move and I think there are some interesting plays there like down the risk spectrum I I like some of the RWA plays things like Ondo. I would say that's the that's the fun that's tokenizing the BlackRock. BlackRock funds. Yeah, Ondo is Ondo Finance is one of the biggest RWA firms out
there. It's about a $2.6 billion for Leo Lube market. It's actually up 7% today, but it's I think that one could really move. I put some risk there and then I just have some smaller risk and some other stuff. But yeah, I I think there are some interesting youth plays. If if that continues and I like the risk reward in those perhaps versus some of the other stuff because it's underperformed for just so long that like do I think youth could go into 2200 again or yeah, it could.
But I think that's kind of where you'd see a lot of buying like if it went down to there and we have the ETFs coming. I just think the upside downside here what So it trades at 2700 right now. The downside then is, is like 20% and I honestly think your upside is 2 XI mean. Yeah. Right. It's like literally the people are. And that's not me because I I'm watching that. But the people are saying it's free range. I'll just draw it here for fun, but free range to 3 1/2.
Like what? What else do you have here? Was it there was a three 3.5 K range right that that traders talk about online but it it's like here maybe because of like previous like last run but it seems like I. Mean, I'm not a good good guy for putting lines on charts, but I do think that that it it just the upside down from downside for me. As I said yesterday, Bitcoin was a 26 K when you started to have that run up into the ETFs.
We're about 3 months away from them, potentially similar sort of time there, right? Like when Bitcoin was in November time, it was at 26 K and we're now starting to see a similar sort of 2X move. So I I think the upside down side for ETH is the best one out there. You can obviously play it from different ways, but yeah, I like, I like that and that's where I've been putting a lot of a lot of my risks recently. But yeah, I I just don't think
you fade this. And I know it's really, really, I should take profits if you wanna take profits on the way up. No one ever got broke taking profits, but my general view is that you're gonna see $600 million or hundreds of millions of dollars of inflows at the moment. I just don't see why that changes. Yeah, it's it's, it's, it's, it's just it's just a great time to be alive. Honestly. It just feels so fucking good. I'm not going to lie, waking up. I mean, it's funny.
I woke up to Lydia, a text from OSF saying I can't wait for for rock to wake up and I opened my eyes. Literally. I check. Usually I open my eyes, I check, whatever. I I stopped checking price first thing in the morning though. I'm kind of back at it now that I'm back in the trade since Friday and it feels good. I'm not going to lie, man. I know, I know. We've been talking about the trade for a minute but you know, I it felt good to rip the binding off and close Jupiter on Friday.
So chat, you know we lost $85,000 in seven days taking that trade for the viewer. Curious here because I know it's something we talked about here. We did it live on air and you know we ripped the binding off and then you know we listened to FOMO hour and we longed a bunch of shit on Friday and and it feels good. It feels like we are somewhat back. We're not going to get euphoric because this is where we top it, but we we like how we're feeling. I mean 9059 Mr. Sam.
What's up, dude? Long time. Oh, you're muted. You're muted. What is up, dude? It's been a minute. Mando. Thanks for the shout out today, Mando. I got a lot of new followers. I appreciate that. That's nice. Oh, really? Yeah, nice. Woke you out of your slumber, I feel. It did, yeah. I mean, I still look sleepy, right? Like you look tired. You do look like you just got out of bed. Have you been working a lot lately or what's going on here, Sam? I've been working a bit and
skiing a bit, yeah. I've been a little bit, A little bit of both, yeah. So, but no. You skiing on? A long time's day last night had to take the wife out for dinner. But oh, you did last night. I did last. Night, all right. It's today, we did the eve and they even got our present, you know, so. Nice. Yeah. What a romantic. What a romantic. Yeah, it it. I don't know. I feel NF TS stuff still feels good. Like we like you were talking
about. A lot of this is focused at least over the last 24 hours have been these arsic like all the different rune coins that kind of amount like just to give a background rune is the is the token standard by Casey Rodemore like a a a fungible token standard. Kind of similar to the BRC 20 movement but maybe with some slight differences. And it feels as though if you're involved in ordinals right now you're going to get a bunch of different token drops BRC 20s. There was some attempt at
different functionality on them. A lot of them were just meme coins. And I think Ruin will probably be similar, like a lot of these will just be meme coins. So just and we've seen how like you know when or or Bonk or this software often that involves like a an air drop to anyone who's been involved in the ecosystem before it comes out. So I think you can get a lot of coins just by just being involved in in ordinals right now.
So some of those top ordinals projects are doing well and there was AI think there was another over grand air drop yesterday of that room guardians. Whoa, that's insane. I didn't get any of that. I don't. I think it was DS that I was talking about on timeline. I like that. There's called the Guardians. That's my shit right there. You have RSIC Frog. I do. I have. I have a few. I have a few. I I we bought the dip on the other night when it like dumped to .6 point O, six point O65
whatever it was. Then it jumped back. Then I saw it dipped again, but then you know, it kind of went back up on the back of the Boost news yesterday. I need to do it. So. So you need to describe an ordinal, right? And I I find it interesting the way you're going about it because they're making people go through the process of inscribing an ordinal. And I like that. Like I never inscribed an ordinal. And today I'm probably going to do it for the first time and I
had no plans on doing that. But they're going to make me do it because I do want more tokens. So I found it pretty cool. And then the other one I got was free right because of of my puppet collection. But I just, I just find this entire thing to be extremely
interesting. And I kind of like, you know, I don't know, I just, I just like the mystery behind it and I don't really care if they end up being in the 1st 10 hard coded ruins, maybe because I have a bag but my bag is very small compared to My Portfolio like abysmal. So it doesn't matter. I just think the narrative is
cool. What's going on there do we think, I mean we, well we're on this like with Bitcoin rage pumping, I mean all the ordinals are down right in terms of on on in the denominated, you know token Bitcoin itself and the best normal in my opinion like when you look at a puppet for example on in, in, in dollar terms at point O66, I mean what are you looking at that's fifty call it 52 Bitcoin. You're still looking at $3400 you know in NFT.
So I think things would be interesting to see what happens on that front with with those. I mean we're going to, I wanted to definitely get to that Mando. When it comes to to when it comes to markets, I guess we're good, right, like nothing. We're just going to wait. This was very bullish from you saying we're not closing yet, we're writing this. Is that what's going out? Are you writing this? I'm telling you what I'm doing, right?
I'm telling you what I'm doing. I like it and that is holding on for dear life even though stuff looks overboard because I just think it it can get a bit more silly like we are in the extreme. So if you go on to like the fear and greed index, it's probably a good way to look at it. So fear and greed index on crypto, You can bring it up for Bitcoin. Bitcoin greed. I never went on that website. Yeah, you should you should you. Should where do you see it? I I don't even know.
I just see this thing doing that size. You got it up. I got it. There you go. All right. Go down and there's a graph middle of the way through. And go to Max. Go to Max. Go, go upside here. Whoa. So you see where we are, right? Like, this is the most greed we've had in the market. Since November 2021.
Which was the last top right. That being said, like you can stay in these periods for sometimes the biggest moves here are towards the end, right, Like you can get, you can think, oh we're in, we're now in extreme greed, like now's a good time to, now's a good time to sell. Yes, like I don't think you're going to lose. You know clearly if you're in profit you're going to, you're going to make money. Now it's just about like timing the exit.
And I I think in this market I would be very, very unsurprised if we push towards what we saw like in 2020 where it went to like 90, you know like or it went to, I mean looks like in 2019 it went all the way up like 9095 or something like that, right? Like yes, we've now moved to the most greedy the market has felt since 2021. I don't think it's done like if if someone told me that the ETS were going to stop buying tomorrow or like this was the
final thing. Exactly I. Think they're going to keep on buying. I would be very, very unsurprised if we push towards that sort of level. And that's where you get like the fucking ETH going from 1/2. Remember that move in 2021? ETH went from like 2K to like 4.9 K Like you can get crazy, crazy moves in that period where it stays in extreme green, extreme greed. So that's what I'm holding out
for. Even though, you know, if I sold today, it would be a great trade, you know, and tomorrow, you know, someone could nuke someone and I could get absolutely wrecked. I'm just telling you that I'm living in that world of you do what you want. I'm I'm living for. We're going to go to 90, right?
You're you're you're going for it like you're you're you're you're trading like like you're you're like we're going to all time highs and like we're going you know like like OV said and I love that clip it got me fired up OV called for 100K Bitcoin by end of Q1 yesterday on the show. Yeah pump. Yeah, Sam, it was it was something, I guess, there's.
Something about these greed and fear index though, like where you know, if like Facebook stock is up 25%, but that's because they just announced that they're making a lot more money than anyone thought was was possible, right. So when things fundamentally change in the story and that never really happens in Bitcoin or ETH, because Bitcoin and ETH are basically just worth whatever people say they are.
They have no fundamental driven valuation as much as people like Chris Bernisky and others try to make that the case. But like at the end of the day something very fundamental, a big change has happened which is just a a faucet of liquidity has been opened up. You know and we got kind of rid of a lot of that GBTC overhang, overhang at some level.
And you know and it's something fundamentally different is happening right now and it's going to take a while for the market to adapt to it. And you know, he said. And those green and fear indexes are going to look a little bit bent out of shape because they they don't account for the fact that something just changed a. 100% What's the BTC inflow today? Because OV is usually the guy, OV usually has our numbers here like.
I think I saw another 600 million that's like you have to I have to understand that some of this preliminary so you you they don't know until the end of the day. So you start to see some preliminary figures and it's not for all the different funds but that's what that's what it's objected to be. Again, it was just over 600
million yesterday. I've been buying the GBTC equivalent on Etherium, so ETH EE you know it's trading at a 15% discount to NAB and presumably if presumably if if an ETF is approved that that discount would go to 0. So I don't know why it's still trading at a 15% discount. And maybe that 15% discount doesn't basically account for today's move because it's up 7% right now. But that is one thing I like have been buying over the past month or so as a way to get exposure.
Yeah. I mean, I think GBTC traded at about 11% discount right up until like the last couple of weeks, right, the last like 3 weeks. But I do like that trade like obviously then it claps to 0, so. You take risk. If like there is no ETF approval then you're that discount could expand. But yeah, that's been one way. There are a lot of ways to get yield on Eve right now.
I mean, since Obi's not here, I'll say blast, because blast is. Like, I mean it was part of our we have something, we have a list, right. I think bank list made a list. I saw that of like all the projects dropping on you. You have it here in the minutes like it's they made a list. Let's put out the list of the top five projects on on. Blast. I think blast is gonna pop off. I'm just like, I'm so bullish. I'm Blast. I I feel I I didn't know that. Oh yeah. No.
I've been like, moving. Glorious Pac-Man and Blur, you know? I've been I've I've been very critical of their incentive structure and I continue to I like I don't think their incentive structure has done what it was intended to do and I think if you look at their goals and what's happened I think it's failed but at this I mean aside from their goal of market share and TPS I'm very well for but I think that it's non negotiable that Pac-Man has made people a lot of money who do this a. 100%.
Like you just can't argue with that, you know. You know, I and I had a pretty big season 2 air draft. You know like I I people say I'm critical I'm I also like lend a lot on blend. I have AirDrop. No, I'm playing with. I'm playing with you. Like The funny thing is, like, check the chain, right? Like, you know, you're active and you're actually doing it. Check my tweets. I talk about, I talk about using that platform all the time. I'm not. I'm not. You know, I'm yeah, I'm nuanced,
man. I'm nuanced. I'm not. I'm not. I'm not tribal like the rest of y'all. Dude, dude, Like fighting your own bags. That's respectable. That's respectable. You know what I mean? But, but blasted, I mean, I think part of it is that it feels like the crypto ecosystem is going through the same thing that the NFT ecosystem, right?
Like the NFT ecosystem got blur. They did a lot of things that people in the ecosystem found objectionable and didn't like and then the people who did the things Pac-Man said kind of walked off with all the money like that what happened And right now the exact same storyline is playing on crypto like everyone's like Oh my God it's all this money in a multi sig like he's cloning that like people are so like it's just it's just a casino and and we're all like we already argued about
this shit eight months ago and didn't make money like the people who stopped whining did. And I think right now you're just going to see the same story arc and blast where like, it's just the people who do the things that they say are gonna get really nice returns on their I've even been moving like my U.S. dollars from Vanguard to Blast in USDC. There you go. There you. Go fuck Vanguard, dude. Yeah, like trying to like, you know, block all the companies. Like, I love Vanguard, man.
A lot of people are coming at me. I'm just, I'm not like a tribal crypto guy. I'm just kind of here for the ride. So yeah, I've been on Vanguard for 10 years. But yeah, it is annoying as fuck that I can't buy, right? Yeah, if I got to do it on my Schwab account. Exactly. Exactly. Hey, listen, it's. Oh man, I love this. I'm waiting. For a look. I know, I don't know. Yeah, look I'm in Canada. I don't know how this all works. We're we're y'all's hat. So you know we're we're wiff hat.
We're America's wiff hat. America wiff hat is the USA and Canada. So. So Speaking of WIF, I mean it's too bad Ovi's not here today. This thing went to $450 million yesterday and it still is there. So I'm it almost broke the previous highs which were around that level like 490 and was previous high here. So on the altcoin perspective like you were you mentioned Pepe here so that that went up 13 points because it was really lagging heavy Mando compared to the rest of the market.
So what if I crazy not only that you had everything like mug that just we talked about yesterday but I mean it's one of those things and I think that's why you mentioned Mando's like you think it's done you're like obviously you look at a chart like this and like well surely it's all going to crumble but then the other side of it is like it's it's hard to try to make sense to to things in the bull market is this.
You can't make sense of of meme coins in a bear market, but in a bull market I just, I have no idea where any of these coins can end up. The only reason I bought Pepe is because I have to like go done and performed. But you know you had a big move in in with 450 million, it was trading at 170 millions a week ago. And why am I not in Trump? Why am I not in Trump? I'm in. Trump, man. I'm in Trump, you said to. Us.
You did. You talked about it on the show and we didn't take action on this these. Like why are? We by Trump? This is 200 K of 200 K of Trump. What? Yeah, I was just like, fuck it. Like this one could move. It's on E It's just it's got everything going for it. Bro, this is crazy. Like this is crazy, yo. I want everyone to realize that this MF right there, Lily gives us plays out on the show. Now he doesn't care anymore. Like what I love about Mando. Like bull market, Mando, he
doesn't. In the bear market, you have to be careful because then it goes down. Everybody's attacking you. In the bull market, a lot of shit just goes up. And like, Manuel's just straight ripping plays on the show. Like Sam, like he's been doing this for a couple weeks here. We like this is how I'm positioned. You do you. But this is me. And he literally is hitting like he talked about Trump. Oh, it's. A bull market. It's a bull market.
You get saved by a lot of this. But yeah, I could buy some Trump. I didn't buy Mogg when Mogg moved. Mogg moved a huge amount. You've had Win, which is the other token, that AirDrop that's up 70% today alone. It's about Mogg because that we hit a 50X on that one by getting in day one. We had conviction. We held through the lows. We became community members. And this is one of those rare occurrences where, like, I became a community member.
It paid off. I'm so happy because I'm like, bro, like, you know, I mean like you see your bag down like so bad I'll bear. And it's consolidating for 176 days in a row and you have the nerve and the nuts to like, hold on to it And then it skyrockets and you're just like, God. Damn, like I need a sign of God. And maybe that's the sign of God. I don't know what is, but that could be it. So. God loves your bags for oak. The the Lord above loves your crypto bags. And you know what?
I love him too. And all of them. I love all the gods. I love all of them. I love all of the prophets, all the. It's a Bring Your Own God podcast. BYOG BYOG bring your own God look. I literally went to celebrate celebrated Chinese New Year on Saturday, Sunday morning. I did the whole ritual. I went to Chinese restaurant. I I actually This is why this is a video of me giving I I slid the $50.00 bill in a red envelope and I fed it to the dragon. Damn. Fed it to the dragon.
Your Dragon's meant to be. Seriously, good luck. They love this year. I told you, I told the boys, I'll tell you what it is, Sam. I was told by Chinese like card readers, all this stuff, like, you know, they're really big inside. I was born year of the Dog, but not just any dog, the Wood dog. We are Year of the Dragon, Dragon, Wood Dog. Yeah, 'cause there's also like different types. So Wood Dog and Wood dragon are actually they. They clash.
And so that I read somewhere at the end of last year that if I don't like like be careful, I'm going to lose everything like money I. Think dragon beats dog. I don't know. I don't know. I mean, I don't know. I mean, I'm using Dragon. I have a dog. I I I went Sunday. I really bowed down to the dragon. I'm not I absolutely it it it said. It told me keep. Your enemies closer.
It really told me to check myself before I wrecked myself and I made a ton of money in December, like on the whiff train and everything. And I almost gave it all back in Jan and I had to just realize, listen, take a step back and just let the dragon. Dragon, you know what I mean? And so we're letting him dragon. You know, That's what it is. I'm superstitious. I mean, I'm Persian after all. We're a superstitious AF. We have the Persian New Year coming up next month. Oh, my God.
Yeah, We're not ready. We're gonna have the dragon fucking energy. We're gonna have the Persian New Year energy. We had Y'all's New Year. I mean, it was also ours, but that just passed. But that's not crazy. You know, we had the Super Bowl, which is like, pretty much like Independence Day. Like it's it's crazy. Like this is the year, you know, this is the year everything's going crazy, yada yada. Anyways, besides that we saw, I mean might as well talk about
them. I know Robit, I'll be the coin. I know we partnered with them on Tuesdays and Fridays for the for the loot boxes but the coin wasn't doing the best. But I saw in the Mando minutes that they did a an AMA, Right? Razor did an AMA. Mando. Is that what happened? What's going on there? Roll Roll Bitcoin is my is my Brokeback mountain. I don't know how to quit it. It it is it is been down a lot they didn't update it's bounced again today but that that that's
been a good mover. I would say the main movers today though are are say and and and the meme coins. The problem with roll bit is it has too much fundamentals. It's too actually there's it's actually got like a real story in the whole business. It doesn't make any sense. You know it is like I'll I'll I'll never like I'll never make sense of it. They burned half the supply.
They burned a mill a day. They literally, they literally like the revenue you know it's there I'm showing it but given it's if that's the revenue it's ridiculous. So they're trading like they're trading 50% half of EBTA when casino valuations is 10 to 20 X usually one of your EBTA. So like, I just look at it that way and I'm like, OK, this is weird and so I just, I don't know, I just find it funny when
I when I see that. But but D. Farmer once said D Farmer once said to do well in crypto you have to forget everything you ever knew before crypto and now you're talking like someone before crypto. You're talking about EBITDA. Like what the fuck you find my EBITDA for? Like this is crypto. Crypto just wants dog with hat. Stop fucking around, Barack. Yeah. Crypto wants dog with Yeah no, I I sold at like 200 or something. But it is what it is.
You'll have to see that we rotate into other bags so we're happy. In other news in other news, I mean, dude, Chuck, there's so much there was this dark net. There's an AirDrop coming guys imminent. Did you guys check if you're eligible? There's a there's like an eligibility checker, eligibility checker on Wencer. You could check if you're like considered an Ethereum. What is it? They call it Ethereum Nate, not native OG.
The other words OG. I've got so much wallets I cannot keep track of fucking anything I seriously I like. I own some Flooring Lab Pudgy Penguin tokens that I bought at 5/8. Wait, you cooked that? I can't find this. I can't find the wallet. I'm like, where the fuck are these new tokens? I have no idea where that. I got like 25 wallets around different seed phrases, like 3 different computers. So it sucks. Oh my God, that's so fun And it's so relatable. Yes, it is.
Thank you, Brad. Because early adopter Air job coming on. I mean, there is so much going on. I don't even know. I mean, literally, Mandel was saying the other day that he can't even keep up with his own minutes anymore. Like, this is how it got like, even on the show. Like we went from like, you know, what are we going to talk about today to like, bro? Like, I can't even keep up with the talk. I did my Daily Show when, like there was nothing going on. Nothing.
I'm like, imagine if I kept doing that now it would be. Insane. Why don't we bring it? Back. I would wake up in the morning and be like in the middle of August. Like, what the fuck am I going to talk about? And now I just feel like it's just overflowing and we still got 1000 viewers. I feel like I should kept that thing going. I think we should bring it back. I got a nice distribution channel with you over here at the Crypt. I'm just saying. You do. You got a nice little newspaper
there. I'm. Just saying, I'm just saying, you know, like a daily Daily Funk 9059 video distributed on the Crypt. I mean, we're about to do Mando Minutes and and DJNS on DJN Alley, you know, that's it's crazy, You know, we're about the cold DJNS and Mando Minutes collab going on the crypt. I'm just putting it out there. If you want, if you want to do daily videos with us, I got a hell of a distribution model for you. Anyways, there's that.
And then last but not least, we are so back that that KSI is back. So that's hilarious. Known, very, very known. British right UK influencer that became famous during the FIFA food cards. It's funny, I used to watch his videos back then in those days and now professional boxer and founder of Prime is back in crypto. It seems he's back on CT. So he left CT when everything shit to bed in 2022 and then he came back with the tweet is gone, is it? Oh, it's gone. It's like crypto.
Oh, he's like crypto. I'm sorry. So he he's back on the KSI crypto account. He's I got. I love though that he saw as this PFP and you know return to monkey. I have to say, I love those. So last week was November 10th, 2022 when Tether was like the tether chart going down and he's like, oh, this is actually the end.
And now he's back saying does this still work And then almost got ratioed by Zach XBT and Zach XBT, you know, immediately, you know, calling him out for a paid shell from 2021 or 22 where he bought, you know, he he was paid in tokens and sold like almost $1,000,000 worth of it right away. So there's something there. So what I would say is, to everyone listening, yeah, we are bullish and you're going to see
us both post a lot. But just be careful because a lot of stuff is about to go up. A lot of stuff is about to get wrecked too. So maybe this time around we're going to hold one another accountable and be careful to make sure that we make a bag. We're going to print the cycle, lads. We're not going to let this. We're not going to fuck this one up, right? In the words of Raoul Pal, well, fuck. It does feel like we're not getting as many.
Like I lost my NFT tweets as much and I think like a lot of that's 'cause I think the the market has gotten better at at swaps, right? Like you used to have to use NFT Trader if you wanted to avoid royalties and stuff like that, like, and that was what everyone did and that was where all the scams were. But it feels like right now like the open C swapping is free. You know, X2Y2, like that is one good thing. Like we haven't seen, I feel like we haven't seen quite as much.
There's still a shit load of phishing and stuff, but like. Yeah, you got to be careful. Yeah, it's Brian just tagged me on X on some fakes. Starknet like for example, the thing I was just talking about, like Starknet themselves just put an announcement out saying this morning saying be alert for scams around token claims and provisions, including fake links and accounts in person in Starknet. Like, just you know what I mean? Like there's going to be a lot
of air drops. There's going to be a bull market, which there is. There's going to be more scammers. Like, this is like, we're back to the era of like, discords getting hacked, tax accounts getting compromised, like, all of it, right? So y'all just got to be careful. It never left, dude. It never left. I mean, those guys were persistent through the bear. They were. They were, but you know what I mean? Like even. I mean they tried to get me, right? They SIM swapped me and they
didn't get to any of my shit. But like, they tried, right? You played yourself. But anyways, And then anyway, so there's that. So look, we'll, we'll keep the hot gaming tokens for tomorrow so we can have more time to talk about them. Because I know Sims had some cool stuff with us, because I know Becker talk about that. Stock net drop though, right? Like this is, this is again going to be the biggest AirDrop of all time.
It's coming tomorrow, but people are saying, you know it could be 10 billion plus as an AirDrop. It hasn't really been trading that much free market. I think it went on AVO today, let me double check where it's trading. But yeah, this is going to be definitely one of the biggest airdrops we've ever seen. That. Must be broken like every single day at the moment. But yeah, we had first Jupiter, then dim, now Stark. Let me have a look at where it's trading pre market now.
One thing that has come out over the last 24 hours is and there's been some FUD. This. Kind of similar to how we saw some FUD in Jupiter just before it came out. So it turns out that so how how these deals are often done alongside BCS is there'll be something called a TGE which is the token generation event and you have you have some form of a Cliff after that. Generally, I mean the TG is the same time as everyone gets their tokens and you normally have a client of like 12 months to 24
months. So after that period, 12 months, 24 months of that period, you start to see investors and the team is able to start selling their tokens and they usually used to protect Tokenomics. It's often why you see like very low initial market caps and then very high fully dilated market caps anyway stock which is which is gearing up to be be like, like I said one of the biggest airdrops of all time.
They have tried to viral like a backdoor way claim the token generation event was two years ago, even though no one was able to like access the token during that period. Yeah, so they actually everyone's going to be able to sell their tokens in two months and there's been a lot of fun over. There, even the VCs. 85% of the are going to be available to sell I think in two months. Oh, my Lord. OK, remind me when you go short. I know Wizard of Soho's in there, The Great Bear.
So let us know Wiz. So it's been if you check with time and everyone was getting very rolled up on this yesterday. If you saw like a bunch of people were posting because you get this AirDrop. If you've been like crypto OG you actually like check if you did an etherium transaction. I think it was a few years ago and if you had you're liable to this drop.
So firstly go check if you're you're able to get your stock AirDrop, it's going to be it's going to be big we're talking multi billions but there's been a lot of fun today over the over tokenomics about it. I think if you bring on bring up Evan's account, I forget what's his fucking. I know, I know exactly that. He has a meme as APF. Evans Six You Know Evan under Score SS6. Yeah, yeah, yeah, yeah, yeah, yeah, yeah. Let me make sure I follow. But yeah, yeah, I know exactly
who you're talking about. Stock net insiders will have over 80% of a circulating supply within three months. But then why are we bullish on that? Well, I I was bullish on it. It's it's meant to be one of the to be one of the biggest token L2's coming out. So people have been waiting for this for a long. Long long time. Well, I don't know if I'm bullish on it. I've got no skin in the game. I'm just telling you that everyone was very bullish.
And then this has come out and it feels very similar to how Jupiter got all that FUD right before it came out. And it's just looking bad. But there's also obviously some FUD because everyone who's involved in that in that deal has been pumping it recently. So you get you're getting some. OK. Listen, I'm going to just respect the pump, you know, because if you respect the pump, the pump comes back to you and it's been good to me so far.
So I'm going to just respect it. So I hope all these investors and early people are in the TG make a fuck ton of money and and then spend it back into our ecosystem. That's what I hope for anyways. So we can talk gaming tokens tomorrow, Becker, all that good stuff. Tomorrow we could talk NFTS and all that tomorrow NFTS can wait,
that's last week was heavy NFTS. This week it's more like NFTS because there's so much stuff going on and there's because we do have our partners of today's show that have joined us and they are here in the in the studio. I see y'all I see y'all from Smartlayer. Thank you 95 and I appreciate you.