Yo-yo yo-yo, what up? What up? Good morning, Good morning, GMG. Ouch. What day is it? Tuesday February 27th 2024. Look at that. Another beautiful day to have a beautiful day. I'm already out of breath. I got my Co host in the house. OSF mando. How y'all doing today? Good. How you guys doing? Doing great, man. Suffering. Suffering. Just go back from France yesterday, yeah. I hear you on that. It was a long month in Paris. It was a It was a long month in Paris.
Everything is going absolutely, like, insane across the board. All markets are going nuts. NF TS are popping across all chains. Every bag is popping every coin, every chain, everything. And work is just insane. Absolutely insane. So it's so a little tired. I woke up sick that that doesn't help. But we're here. That's all that matters. Here we go, FOMO hour episode, I think 67. That's what I put. I hope it is right.
I'm pretty sure it is. And if I were you in the audience, I would start retweeting because since we didn't do the spins last week, Robit, instead of saying OK, just divide it for this week, they said fuck it. Robert said do 4 spins on Tuesday and four spins on Friday. So I have $20,000 worth of spins to do today and I spent an hour fucking redo it in the loot box because everything got swept out-of-the-box.
There was nothing left. So we're doing 4 spins this morning, and we're doing 4 spins on Friday. So it doesn't mean four people selected from the audience today and four people on Friday. So if I were you, I would start with tweeting the Twitter spaces, the blue, the purple box at the bottom right. Make sure you follow at FOMO Hour and Robecom, our partners for this, because it's about to get crazy. It's about to get just as crazy as this market is. I mean, everything is.
Everything's silly. Make sure you drop those GMs at the bottom right of it. I mean, before we get into everything going on here, I don't know if you guys could talk about it. Yesterday I didn't really tap in 'cause I was on the plane. I mean, Paris. Let's talk about Paris for for a little minute here. That was something, huh? That was. That was quite the conference. What did you guys think about it this year? I know last year we all loved it. What did you guys think about it
this year? It was really good. It was very tiring, but it was it was really good. Vibes were good. Yeah, I was, Yeah. Go ahead. No, no, you you wrote it for long for me. You go. I I thought it wasn't as busy as last year. I don't know if you felt the same way, but it definitely, you know with EI think E Denver this week is going to be pretty heavily attended because of the market. So we'll see, yeah, we'll see how it goes. But yeah, it was, it was, it was really good.
Yeah, I agree. What do you think, Mando? I thought it was. I thought it was a great conference. It's always a great conference, probably the best one and one of the best ones in the calendar if I'm honest. And it was same location. I felt like I recognized more of the firms, to be honest, in the main hall last year, like I didn't know them all, whereas this year it was I knew them all. And I mean, I was only there for 24 hours.
So I was ready to set for the rec show and a little bit of the conference. But yeah, everyone seemed to show up. Like it definitely feels as though everyone was was still, you know, as bliss as ever on NFTS. It did feel like still the AirDrop matter is like the main thing driving most collections everyone was talking about there. But yes, great, great trip. What about you? Loved it, loved it, loved it. I mean it was a big one for us
and for me personally as well. Like it was just like a lot of work all day. It's like you know we play hard and then we have fun. Like the work side of it was insane like landing there straight into meetings. I guess it was on landed team had like a full schedule for me
right into meetings. Super bullish sentiment across the board on the media stands front like I've never I don't think we've ever been busying been busier on the on the media publishing front and our creators and everything like they're so busy right now And so I was like straight into that and into an event like I started my week like having a meeting with like some of the biggest brands in France to like having an event for Coinbase announcing that the launch of like their
they did go to registration in Paris with employee number one. Cohen was a good friend of mine So that was already bullish right off the bat right on the holy shit right been bullish on France for two years and screaming about it. France is literally I think it's safe to say Paris the capital for crypto in Europe at the moment like when it comes to like the brands the names the companies open there it's it's
it's insane right. Like I, I, I, I, I did a panel with the VP of Vivendi which is one of the biggest companies in France 66,000 employees. The guy's a mayor of a city in Paris is he's like full web three right. And it's it's pretty impressive. So it's even starting to like get into the politics side of things. Next day our house massive shut down like it was absolutely insane. The quality of the conversation the panels that were held there was really impressive.
Of course, shout out to the team for putting it together, but again, like all the biggest creators, founders, collectors, everyone in one roof, like being able to connect was just incredible. Followed by the same night, like speaking the Louis Vuitton event, which was like dream come true shot to Carson Turner. I see him in the audience, That's a great question. He was there. I think it was surreal guys. It was whatever we want to say
about brands coming in space. I walked out of my Uber, walked into the song Ave. De Jean ZDZ, which is one of the main Louis Vuitton houses on the Sean ZDZ, one of the main companies in France. To speak for them over there about Crypto Web Three and what's happening next and what's going on. Surreal. Like we are so like within like, you know what I mean? Like everything we talked about two years ago, about NFTS, three years ago when we all go into space, like, they're going to
take over. They're going to be in every brand. Like, my ass was speaking at the Louis Vuitton thing and I was like, it didn't feel real, you know what I mean? From that standpoint. And then right into the conference. So first of all like which then now from the Web 3 Natives brand. So there was a web two native brands. I'm like whoa now Web 3 Natives. You guys built a company out of thin air, right? Started with the D Jens all the way to Freeman rec rec guy to
the rec drinks. Being there, being able to see, feel, touch and fucking taste. That bottle felt insane to me. Robbie says a long time fan of you guys and obviously we are. We're all close. We all help each other build our
brands and companies. So it was crazy for me to see your bar there and you guys shut it down and sold out and then I mean got to give a shout out to pawns and making coffee like his coffee was phenomenal like some of the best coffee you've had And and we like shut it down with the line up there to our partners at Intercellar which is like wine bottles that you collect on chain and we had the whole wine tasting. So all of this in the rug radio booth like last year.
Remember it was with you 2. We're struggling to find Wi-Fi and where are we going to host bringing our own Rd. Casters to like the rug radio booth being just like a step and repeat in a couch to this year. Like we literally like shut down the fucking conference please be honest like we shut it down like you guys us guys and the people at our booth.
Like it was crazy obviously unveiling that the new you know parent company name for our brand which is going to be called the Stan which is like the tech at tech company that we're building an article just one live on the crypto pin it all of that for me it was a very emotional week you know what I mean Like it's just a lot of like look at like I looked at Sam's who's our producer on this show and I and I and I looked at him like wow we're finally a real media company now you know
like I don't know it felt it felt real you know it it felt like it was there and then obviously like seeing everybody cook was super awesome. So like we were really everywhere this time around. Right. So it was it was really cool to see from like you know Mika Gigi Ashley like shutting it down and like the whoa. Gala with like Sephora to like you know you know us just being at every event you know doing a bunch of interviews with everyone seeing PSG get into the space.
Like things like that, right. Like I interviewed the head of web period PSE you guys will see it. It's going to be posted at some point. It's just it's just a lot right. And then last but not least you know the market just going crazy during it. So it was it was a wild week it was a busy week and it was a it was a fun one I think. I think we're this is it boys like this is it you know we're we're like like I I don't even feel euphoric today. I was like right.
I feel hopeful. You know that whole part of that chart you guys, we share a lot like that the phases of the market like for me like I think like this is the hope. What do you guys think? Like, didn't you feel that from Paris? Like, looking at all this come fruition, it's like, wow, we're there. Looking at it as as emotional a response as you did, by the sounds of it, I was like I said, I was just there for 24 hours. But yeah, I thought it was a good conference.
I thought it was a good conference. The market wasn't really rallying when when I was there, at least it was kind of selling off or like hadn't really moved that much. It's only really rallied since from Monday onwards, you know, yesterday really, really fucking ripped. But yeah, it did it like Paris always has all the brands and they're really embracing it. You can tell like every single brand's got like a Web 3 strategy over there. Yeah, all of them.
It was nuts anyways. Anyways, Anyways, anyways, where we at? I look half a brain today, so apologies to the audience for that. We came back yesterday and today's like wow, insane stuff on the show. Let's let's just do market report. I mean, we have to Bitcoin, Dude, what's going on with Bitcoin, dude? It's just saying Bitcoin ETH and like OV just tweeted out who's selling Solon. Why I will find you and I will kill you, OK? But everything is going banana me. Whiff is over 600 mil.
Pepe's back. Everything's going on. It's ordinals. Had a monster week. Like monster week I'm so excited to talk about. So there's a bunch of stuff to go there. Biggest inflow since the first day of Bitcoin ETFs by a little bit. Smallest outflow for GBTC yesterday. I mean it's all of all it's everything's just insane outcoin action. I mean you've got a lot of stuff going on that front. NFT roundup and and portal. Also Portal during Paris. Just going bananas so crazy. And then NFT roundup.
I mean you got the wassies that like just doubled. You have the creeps that doubled. You have the milady. Someone spent like a 600 ETH on Milades and Remilios overnight. What's going on here at the Magic Eden Yuga Labs announcements and just a bunch of stuff going on that we'll cover. So anyways, anyways, anyways, why don't we get this party started? Yeah, GM everyone, So a huge, huge 24 hours. Again.
Bitcoin hit 57 K so it was up around 10% on the day it it outperformed pretty much everything in the market, including alts. The only things that really outperformed it were memes. So memes caught a huge bid with was up about 50%, Pepe was up about 50%. They've continued to outperform again this morning. So it's Bitcoin and memes which are leading, leading the charge and kind of everything else following following behind. But yeah, huge, huge day funding has gotten a little bit high.
I've had a little bit of a retrace in the last in the last, I would say hour or so. So it's not super frothy, but there are some signs of frothiness that this has still been driven by real demand. There was another 500, just over 500 million of inflows into the ETF yesterday. I think it was the third biggest day for inflows ever on the ETF. And also the ETF broke its volume metrics for the like record volume metrics. I think, I think they're just
over 2 billion of volumes. So huge, huge volumes, huge, huge interest going through. A lot of that is being driven to Bitcoin. Obviously Bitcoin, you know Bitcoin dominance went up it's it's just like smashing
everything right now. But but yeah very, very strong market in terms of in terms of NFTSI didn't really see much movement apart from my ladies and and Remilio and saw some huge sweeps obviously there's been some big moves in shit coins and I think that's probably driven quite a lot of interest in in those those collections again given they they're often tied and then what else we had yeah and then we had obviously Portal you have seen the creeps go higher they've
they've continued to edge higher and then you see have you've seen Wasis go higher. Blast looks like it's going to launch on Thursday now it's the same time as Portal as well. So Wasis obviously have a have a meme coin launching on blast. There's been a lot of interest in that and you see a lot of interest in those coins. Anything related to BLAST is kind of kicking off right now. Oh my God, this is nuts.
So let let's. I mean where do we even start one with that now that everything is going crazy, like what? Where am I supposed to go from here? Like obviously Bitcoin we saw always says based on the on the, on the, on on the infos that are In Sync. What do you guys think? What do you guys think happens next? A lot of people are calling for like 5760 K to be like a very hard like you know place to break here.
Like what? What do you, what do you see on the Bitcoin front here, Mendel, like what do you think we go next from here? Is that not? I'm just like done listening to to Chartists tell me where what is like if you have 600 million of buyers, it doesn't matter what the chart does. I think we've spoken about this so many different times. It's like it's it's just ridiculous I think to look at that stuff even that way.
The things I'm looking at right now is funding and I'm looking at flows and funding did go high at one point yesterday but it's I mean Bitcoin right now it's not a crazy like it's it's high but it's not it's nowhere near the highs as it was yesterday for altcoins it was high but again that's like dipped quite a lot across a bunch of different altcoins over the last over the
last few hours. So because bitcoins been rallying and and altcoins have generally not been doing so well and the flows just continue to be very, very strong for the Bitcoin ETF. So like, yeah, I think, I think as long as that keeps on happening, then I just don't really see a world where we can go down like meaningfully or like there's some sort of technical resistance at a
certain level. Like, I just think you got to throw those those sort of dumb ideas out at this stage in terms of stuff I've been looking at. Obviously meme coins back in focus, right? So a bunch of different meme coins moved interestingly. It was a bunch of different meme coins. WIF was probably the biggest app performer. So then I started looking at Solana again. Solana continues to app underperform versus everything. That's the thing I've been buying as it goes down today, basically.
And then Heath kind of hanging out like a bitcoins been outperforming everything but he's still been holding up OK but a bunch of other old coins particularly in the in the meme coin space have been have been the main performers. I'm trying to think if there's any other big movers like say had a decent move but honestly this was mainly Bitcoin. Like it was mainly Bitcoin and memes. Like if I look across now in the last 24 hours a lot of all coins
are even down. Like this is this has been a huge move in Bitcoin and some things have kept up with it. But we'll it's now waited to see if if like a you know Bitcoin, Bitcoin results can catch up with Bitcoin. I'm going to have to go in a couple of minutes by the way guys, but through this as quickly as possible, but maybe maybe as an instructor. Don't worry, I've got plenty to keep all be busy with, including Blast and Portal. He's got my man's a whip all he's thriving right now.
Always king of the world. This morning he was right. He's him. He was always about to have his week. This is like the best week of his life, you know? It's so wild. What? What? What do you feel? I'm going to go over in a second here while I still have you? For a minute. Mando, how do you feel about Eith here and Solana? Just talking majors with you. Talking with me. Yes. I mean, I I I put out today. I think Solana's got the best risk award here.
I've been kind. Of. Like it just doesn't seem to be trading that well. But that seems like an opportunity to me. Like with having that move shows you that D Gen. activity is going to return back to Solana. I moved a bunch of different levered trades into Solana yesterday. I'm going to keep on adding to them. Is it? Is it if underperforms today? Wow, OK, love. Love to hear that Ovi. I think. I think you just asked why it's being hammered down and I think someone answered like something
around. Find someone selling heavily on Coinbase or something on their on the Solana side. Yeah, it sounds maybe it's FTXI, don't know. I mean, Solana is also AVC coins. Maybe there's been some unlocks, I don't know. But yeah, it's there is something, there is something there is obviously some cell pressure kind of feels like what we saw with ETH a while back when you know Solana would keep going higher and ETH would just try and rally and can rally for
whatever reason. So there's just some cell pressure. I think it will eventually subside and Solana will break out. My expectation is still that Solana outperforms ETH throughout the cycle. But right now ETH has this tailwind, Bitcoin has this tailwind and for whatever reason Solana doesn't and there's there's an awful lot of setting on at the moment. So it's been a, it's really been a huge under performance of Seoul. I mean like Seoul was trading at around 1:20 in in November,
December time, right. And we're now at like 107. And in that time frame, ETH has moved from about two K to three right now, three 3200. So it's been a big, big ETH. Seoul ETH has moved from as high as 0.05 to all the way down to 0.033. So that to me makes me want to like own Seoul here because it's the thing that's underperformed. I think that's why there's going to be a bit of juice.
And if you look at, if you look at majors and you look at things that are underperformed, if you've gone along with them and being patient, then you know over the course of a few weeks and possibly months those trades have worked out. So I do believe it is a trade that will work out.
But I understand, you know, right now it's so difficult right now because so many people out there are making so much money on all these different things and all you want to do is just like buy something and have it go up in the next day or two days so you can make that money as well. I think that's that's the feeling that everyone has. And whether you're doing that on a meme coin or an altcoin or on, you know, leverage positions on on majors, I I don't really
know. But everyone is kind of feeling this framework right now because some people out there are making a lot of money because there's been a ton of big moves. I mean, Pepe is up almost 100% in in the last few days. That's been. Yeah, even. I mean, yeah, Pepe WIF is up like 2 1/2 X in in the last since it's lows around the weekend. You have stuff like MOG that's up like 5X off this recent levels. You have Trump coin which is up like two 2 1/2 X in the last few days.
So yeah, the meme coins really are going a lot higher. I think the thing with meme coins is like, you know there's there's a ton of stuff coming to the market this year. You have, you're going to have layer zero, you're going to have CK sync. I think Mon Lab maybe it's going to be something that will come next year, but there's always there's all this new tech and all these new coins coming and the number of users in our ecosystem right now isn't really
increasing. We haven't really seen the retail and the and the normie entry into the market. So it's you know. One second Solana is like all the range and the next second people are focused on something else because there's another bit of tech that's coming and that's the you're just always battling for attention right now. And with memes, if that's also true, like if a, if a if a brand new meme comes, it does really well, it takes attention away
from the other stuff. But I think over the last six months there's probably a handful of coins that have demonstrated their resilience and ability to to not die kind of thing. And those are the ones that are that seem to be outperforming today. I mean look at Solano ecosystem, right? Like bonks barely moved in in the last few months. You know it's office all time high.
It's office high that we saw after all the listings, most Soul meme coins are all down about 50607080, maybe even 90% from their highs a few weeks ago. And WIF is the only thing that's up and you know that's hitting me to all all time highs today. It was about $600 million today. So it shows you everything you have to like stick to the winners and just keep riding the winners basically.
And until the until something knocks it off its top spot and there will be something, there will be more stuff that will come. But right now it's like what's going to come that's going to compete with a Pepe or that's going to compete with a whiff which are now entering a different level of of market cap territory.
And if anything they're they're going to start, you would like to think they start challenging the ships and the doges and all that kind of stuff, so. Yeah, I mean, I've seen, I've seen a lot of people move from like majors to like higher risks here, like NFTS, you know, the, you know, all the meme coins and whatnot. How do we feel about NFTS here? I'm seeing a lot of movements on them.
Of course, for the ones that mostly have that, like AirDrop meta, right, Like the founders that are getting airdrops for their for their communities, whatnot, they saw Camp I pandas. I've caught the rise as well. Let's just check it on D Jens here. So I saw obviously Milady's going crazy because it's like goodbye are going absolutely bananas on them. But if it's on the on the Ethereum side of of the of the ecosystem I'm seeing you know mostly like those collection that ran hard right.
Yet the pudgies that ran hard Westy, that ran hard Pandas for a moment. Creeps of course like that's on the back of the portal coin that's doing absolutely insane. And then ordinals. I mean ordinals had a monster week last week and seems like that is just let's keep going right. You have a .37 Bitcoin 4 for male monkeys, .15 for puppets. I'm pretty sure it was like what almost .2 and .4 something, right. And quantum cast RSI see like all the usual.
You know suspects in the way are just absolutely running across all chains. Do you guys think, do you guys think that we may be close to Mania here or still ways to go? I think we're still some ways away from a proper NFT bull market, like stuff is going higher and stuff of NFTS have generally acted as a levered version of their native token in
the last few weeks and months. But there's nothing like the price action we saw in 2021. And we may not get the price action we saw in 2021 because in 2021 NFTS were new and the whole narrative and thesis was like, this is going to change the world that isn't that. That is no longer the narrative of the thesis because they're they're not new anymore.
So I don't know like I think I still believe that you will see some very high value NFTS past hands once crypto has hit all time highs and people have made a lot of money. Because I think it's a natural thing to want to do like buy a trophy from from your, from your gains. I do think NFTS will perform well. I think to be honest with the NFTS that have tokens coming up will be the ones that will outperform and the ones that are
outperforming right now. But I still at current levels and current prices and with the opportunity to set in the market, I still have a preference to stick within fungible tokens because they are more liquid and it's much easier to get out. If it's risk off suddenly you know like I can see a day where like the market's a bit risk off and eventually we will. We will have a pull back from these levels and you're able to like just quickly sell your
coins whatever like down 20%. But if you want to try and get liquidity on your NFTS, it may be it may be much more difficult. Hmm. OK I I like that it's going to be it's about to get silly and Speaking of getting silly OV let's get into let's get into portal right like this. Like I I've seen you write a few tweets about it. I saw so it was like I kind of want to break it down because I saw so like I got a pop up notification actually from decrypt app saying like yo like
this like the biggest ever. What is it like launch pool? And it was a moment last week. I think it was. You might have told me market went down because so much money was pooled. Well, the rest of the market went down, but BNB went up, Yeah, yeah. So everything was down on one day. Bitcoin down, down. But BNB was up 7 or 8%. That's. Absurd. Like, that's crazy. Yeah, yeah. So what? What? What's the what? What's going on in that field? You've missed so many shows, dude.
I was just thinking about this like we've gone over. Like I know, when was your last show? I don't remember, man. Wednesday. What? No, I wasn't there. I had meetings. It was like over a week ago. Monday, Monday last Monday if the morning before I left to Paris. Yeah, that was the last one. Yeah, Yeah. Like we did talk about. Yeah, but portal, I think, I don't think about many of this stuff, but yeah, portal, Portal, I feel like, you know, obviously
we're a seed investor. So it's like very, very difficult for us to be super bullish on, but like just talking about things in the market, gaming, new coin, same day as BLAST, like you know Big Unlock feels like feels like the sort of thing that people might ape. It's it's, yeah, there's a lot going on here across the entire market and sometimes don't even know where to go and what to do about it. Do we feel like? I think it's going to be interesting to see where that
comes. Like I put out a poll the other day saying where do you think it will come And the lowest option was less than 3 billion FTV, the highest option was more than 5 billion FTV. And it looks like about 40 to 50% of people voted for less than 3 billion FTV, which is where it is. It's I don't really know where this price is because on Wales dot market price right now is like 275 but on if you go to coin market cap, the price is like $8, it's like 3/3 and 1/2 times that.
So I don't really know on volume as well like they've traded, they've traded looks like they've traded half a half million dollars, not a ton of volume, but it's no one really knows where this thing's going to come I think because there's such a wide range for it in the in, in in terms of pre market levels. Has it already got a coin on coin market cap? It's on coin market. Yeah, it's sort of like a IOU type thing like if you go, yeah, it's like that. Here, look, I'll show you.
It's I I had it open so slow. Yeah, it's like Portal C, IOU and there's 785 right now. But where's that trading if you go down, does it have markets? Xt.com. XT. I've never used any of that. Doesn't it like the most liquidity I've ever seen in my life? But. I don't know. It says Please note that this page only reflects the price of the IOU which may not be transferable across exchanges. Exercise caution while trading. And always DYURTV, the native portal asset which has yet to go
live please click here. So it's not. See it's as it tells you like circulating supply 16%. Yeah. So obviously, obviously be careful formally into shit that's about to come out or that's all going to go out. And once the other big stuff happened this week, I mean OV is blast, right?
How you feeling about that? Yeah, it's going to be, I mean I'm more I'm mainly excited about getting the Blast coin which is not going to be until May, but they are doing, the main net is launching in two days. I think you'll have some mean coins that will launch when when that launches. There's a ton of projects on it already. You know we saw there were 3000 applications and then we have to be careful for Blast. There's already been one RUG rug pull which was risk.
So I think we have to be, you know, tread with caution, but it's going to be it's definitely a very eagerly anticipated ecosystem and it's amazing. There's $2 billion of liquid of TVL on that right now that unlocks.
And I don't think I I actually don't think much of it will leave that ecosystem because I think people they'll be, I think there'll be increased taking incentives to stake until May and there'll be stuff on blast that people will want to buy an APE whether it's mean coins, whether it's infrastructure coins or DEX coins, whatever it is. So it's going to be good, it's going to be interesting I think.
I think, I think still Portal will will take the attention, especially with all this, all their social farming and stuff. But you know, over time I think BLAST is going to grow into an ecosystem that will flourish. Yeah. That people will use and that will be the build up to to May when but I have a. Question for you. The the the rug pull that happened. It was a project that did not win. It won. I think it won. Are you sure? I I thought I saw someone say I
got rugged on that. It's my lesson I'll learn like buying only projects that won the like. I think it was Mooncat. Feel like it? I feel like it won, no? I'm not sure. I think, I think it was one of those projects where like I think it was 1 Cat actually that wrote something around like hey, like you know, well from here forward I'm just going to stick to projects that actually won like the, you know, whatever it's called, what is it the contest to be able to, yeah.
Big Bang Contest. Yeah, but I I think, I think that's what it is. I think people this is, I think this is some a, a place where like people should probably proceed with caution. There's going to be a lot of rug pulls again. But I did see another projects AirDrop some of their supply to all the people affected by that rug. So yeah, I thought that was really cool. It does feel like, I don't think. It feels like euphoria just did, but I feel like shit's about to just get really crazy.
Yeah, I think. Euphoria and blow off tops and all that kind of stuff it it kind of almost kind of has to happen ahead of over all time highs. We're still in the state where Bitcoin dominance at 54% so and there's a lot of things that are eagerly anticipated that I think will do really well. So yeah, I don't know like I think we'll see, we'll see how it goes. But I think we've got some, it's just early days, you know Bitcoin ETF has been around for less than two months.
Just think about that. It's been around for less than two months and that's what's really driving most of the flows at the moment. So I think we have some ways to go, but yeah, definitely going to take profit along the way because you just don't know when something changes. To This is all so crazy. Like, this is honestly just like insane. We are seeing somewhat of some pull backs across right now. Just a little bit, little bit,
little bit. But I think we're still, we're still looking quite good across the board. It's it's going to be, it's going to be a weird time like probably with a lot of volatility, right. How's funding across the board, 'cause I earlier I I had some positions open. I closed the mall just 'cause I I realized how much funding I was paying.
It was like $50.00 an hour and I was like, dude, I don't feel comfortable here like it. I I ain't gonna, I'm not trying to like lose money in an up only market, you know what I mean? But how how's, how's that looking across the board? And I kind of want to ask you like how also the traditional markets are going? Funding has gotten day on day it's better, but it's still higher than where it was a few weeks ago. So it's still, it is still kind of high. I would be cautious there.
Traditional markets, I mean it's not really moving that much. Stocks are up a little bit, rates haven't moved that much. There's not really, there's not really anything going on there at the moment. I mean, it's worth noting that Coinbase is is really rallying. Coinbase was above 200 earlier and that was up. That was up 16% yesterday, so. That's crazy. I mean, my mom buy it like way lower, so I'm pretty happy about that. Not in the same amount, but at least she bought a little bit.
I called my mom like, it's a few like a month or two. I was like, mom, you have to buy Coinbase stock. She was like, OK, And then she calls me from the bank and she's like, Are you sure? Are you sure? I'm like, Mum, just fucking do it, man. I'll pay you back if you fuck this up, you know, like, it's fine, you know what I mean? Like, and she was like, OK, And then her banker didn't let her buy the sizes she wanted. It's like weeny baby size. But, like, they didn't let her.
And I was so pissed. And that's how they are here. They're like, no, you don't have this risk tolerance on your thing because you're like above a certain age or whatever the fuck I was like, I was like dude, shut up. You know, like the bangers just do it. Just do it. But anyways, there's that and some pull backs across the border here. OV like soul's getting outside one O 5. So, so so there's that, there's that on that front. I think it's just all markets today.
So we'll see what happens then. I don't know if we're expecting any more news and whatnot, but we're just going to wait and see those those info numbers today. Do you think we're going to have another banger today or what? Yeah, we need to get remember the the ETF numbers come out before tradfire has those numbers before we do. Like BlackRock will see the number and they'll know, they'll know that they're generally the biggest inflows in the market. So they'll get that that colour
before. So sometimes around this time, if we sell off, there's reason to say that the infinite numbers maybe are not as strong as the previous day. And and so some people are selling once that number is out, sometimes it takes until the end of the day to get all the numbers up and we figure out where we are. Also like you know, we talked about funding, but leverage is
still high. So people, there are people with tight stops and it's not, it's not crazy to see works like these where you just wipe out, turn on leverage and then people go and go and buy again. And I'm sure people like BlackRock are kind of smart and Privy to that and they have a hedge fund element of of their business and people are probably playing all these games right now, technical games because the
crypto market cap is so tiny. You can really influence it and affect it. And I mean it's the wrong word or the right word, but you can manipulate it with big capital. So people will be looking at funding and looking at where all the stops are and creating these big Wick down only to buy back and run it up again. So I wouldn't be surprised by the volatility in price action and it's tough to really judge the ETF numbers until we see them.
But generally speaking, I've noticed that when we rally at the US Open, we know the ETF numbers are going to be good. And when we sell off at the US Open, then maybe the ETF numbers are not as strong as the previous day, but we'll see. Yeah, yeah. No, we'll we'll see where that takes us. I just definitely can't wait to wake up and see another day of this and another day. Just keep in mind there's a lot of days like this coming around.
So you know, there's going to be some, I think days where we would have to inevitably pull back and some days we're probably never really going to go up only and and where shit's going to get absolutely saying listen.