Yo-yo, yo, what up, What up? Good morning, good morning GMG Thursday, Thursday, March 14th, 2024. Four and like Amanda always goes like, it's so funny. He's always like, I know that's that. I like that. I like that my brother and four. Another day another dollar. I got my coats in the house. OSF Mando, how you guys doing today? Good. How you guys doing? I'm. Doing fantastic, bro. I'm tired, but fantastic. How you doing Mando? Great. Amanda, money bags.
This is too funny. There's so much stuff going on at the same time. Oh my God, I'm tired. Oh, my God. Anyways, guys, what a time to be alive every single day. It just gets crazier and crazier and crazier. I'm not gonna lie. My sleep schedule is getting worse and worse and worse as we're approaching bigger, higher prices across the board on all chains and on all coins. It's it's getting a little crazy over here. But anyways, videos ready to down the show Today, today we are live.
We are live on video. Of course. I'm going to post a link in a second. I'll post like four more hour episode 79 already. Wow we're really cooking out there. I don't know if you guys saw we're we're big tik tokers now, boys. Big tik tokers now. Did you guys see that? We're we're, we're we're we're going to we hit our biggest, bigger numbers there. We're we're getting there. We're infiltrating the normies. How do you guys feel about that? Mando's going to become like a
TikTok celebrity. That's always been my dream. I thought TikTok just got banned. Where? Brother in the US, right? It's. Going to have to be 4 sold in the US. Really. It happened, yeah. In my past, they've been talking about this for years, so I didn't really pay attention that what does that mean for my bags? You told me I didn't know we're on TikTok, but but now now apparently we're, you know, against the US Constitution. Who knows?
Oh Oh well Oh well well, look, does that mean that sheep is not going to a dollar? I don't know. I don't know. Oh well anyways there's going to be many many many many more people to Max but this is where maybe like the the the Euroports could take over right. Like there's not going to be TikTok in the US maybe we like you know this is we're going to have to TikTok in in in Europe and etcetera. I love null. Null goes the Canadian mind cannot comprehend.
I know right. I'm just like hey for once I'm not on the I'm not on the I'm not on that side of history. As a as a Canadian you know we're the people banning stuff banning the news etcetera etcetera. You know what's funny guys? The news is completely banned here like on Google and Instagram and stuff. So I can't consume like news which is I mean not like I do anyways. But crypto news doesn't pass the filter like it goes through the filter.
So the crypt, Coindesk, Blockworks, like all the crypto media doesn't get banned on social platforms here but mainstream media does. So like if you go on CNN for example from from on Instagram from your from your account here what's up what's up baby? What's up She wants she wants to do the market report. Let let her cook let her cook. She wants to do the market report. I'm gonna. Have to go in a minute.
Is that what's happening? Look, so that's what I'm talking about for those who who refer to who don't try. Believe me here people cannot, people in Canada cannot see this content. So that goes for all the media but doesn't go for our kind of media. So bullish on that anyway. So down the show today, today, what does Sims have cooking for us today? Daily market report. You know Bitcoin ETH Solana, I mean memes going absolutely insane.
You had the ETH den Coon upgrade yesterday, let's talk about that. I saw base fees like going to
pretty much near 0 now. So I'm I'm curious to talk to you guys about this narrative and what's going on that front Solana. I mean Mama it's almost like wait it's almost like everybody been saying it the easiest trade in the history of trades here Solana hitting highs of I don't know how much Mandel probably or Ovi will talk about in a minute but 170 something you absolutely love to see it You know you have Franklin Templeton now you must find that crazy Ovi because I
saw you tweet about Franklin Templeton how crazy it is that they were had laser eyes back then they released a meme coin paper. So I got his reaction he's like what So that's going on and you know meme coins are really just taking over completely everything top 39 training on disc on deck Screener are are also on a coins So this is going absolutely insane. You have this like doge video yesterday but apparently like that's an old video whatnot but
still like that went crazy. You have Andrew Kang talking about launching A macro strategy of those coins. This shade is starting to get very silly, very very fast and you absolutely love to see you have a whiff that you know the sphere is good, it's going, it's going to go live and you have whiff hitting new highs all the time. You absolutely love to see it my boy OV absolutely printing money out of thin air. You have the magic eating
diamonds that went live. And then last but not least, we will be joined by Thomas Scaria and Gunjan Mehta of Lord dot XYZ Today's show partners. But anyways, without further ado, why don't we get straight into it? Because there is a lot to talk about on the market side. Daily Market report brought to you by Rogue Radio. What's the word? Hey, guys. So macro, there isn't really much to say, but there's a big
move higher in interest rates. Actually looks like 10 years is another 10 bit, almost 10, eight basis points higher today. So I don't know if I missed some macro data that's come out today or not, but definitely a big move higher in PPI. Came. Out PPI. Yeah, I guess PPI probably came in higher than expectations. I don't know. I I. Sorry, I haven't even seen, but I know it was just about to come out. Let me see. I haven't done some PPIPPI came in.
Oh wow, came in at 1.6% versus expectations of 1.1%. So that's a very big, big beat, if you like, like a big number higher. My usual question will be rich or poor? PPI is a producer price index, so it tells you the inflation from I guess like the cost side of things rather than CPI, which is consumer consumer price index. So that's a big, honestly, that's quite a big beat, 1.6% versus 1.1% is a big differential. So that's why you're seeing interest rates move a decent amount higher.
Equities look like they're unchanged on the day. Doesn't seem like equities seem to want to move based on inflation or payrolls or any economic data. Right now it's all just about tech stocks, but that's definitely something to bear in mind as we have the FOMC next week as well. So that's something to keep in mind. Crypto, you know, we had another big info day yesterday. We had I think a $680 million net inflow into Bitcoin ETFs yesterday.
So that's probably in the top five highest info days we've had since inception. I think we saw Bitcoin go to as high as 73 1/2 K, maybe even close to 74. We're back down to like 71.8 now probably. I haven't checked funding today but probably just to clear out in in leverage I'm guessing again ETH sell the news on the on the Denkin upgrade that's been struggling Solana has been doing very well. Obviously Solana is is rallying both against Bitcoin and ETH once again today.
I mean that sole ETH ratio has moved up something like 20 or 20 or 30% now I think in the space of two weeks. So it's been a big move and sole that keeps going and obviously you know that we've had the meet the the music and meme coins isn't really stopping. We saw Pepe go to north of $4 billion market cap yesterday with his north of a $3 billion
market cap. Now you've seen some of the mid tier stuff like Mogg move 5060% to breach $500 million market caps and as a result all the low market cap stuff in Solana, there's a ton of activity there and a ton of stuff just instantly doing like 1020 thirty 4050 XS over the space of a few days if not even a few hours in some cases. So it's been. Just. You know this meme coin music is really doesn't seem to be stopping I I think it's something that probably
continues. It's just become like a more of a sustained speculation market in the absence of that big NFT activity we used to have in in ETH NFTSI know ordinals are are still active, but even ordinals are down in price. All NFTS are actually lower in price at the moment and it feels like that money is going into meme coins right now because that's where the money is being made.
So I don't know when that stops. You know usually have these little mini meme coins seasons and it dies for a bit then it comes back again. But this feels like it's sustained because you're you're starting to see the big ones like Pepe and Whiff hit multi billion dollar market caps and I think that money goes somewhere which is just usually in lower market cap means. That's, yeah, I mean it's it's, it's let's talk about guys, let's talk about Pepe for a
second. Like motherfuckers thought we were crazy. Well, we're saying that in the bull market this could be a $5 billion coin. It doesn't look so crazy anymore at at at $4 billion. I mean this is, this is wild, this is, this is just look at this, look at this thing, $4 billion, it hit, what is it? Did it hit like 4.24 point three or something yesterday, which is absolutely. I mean at this stage you asked
us how high can this go? It's, I don't know, it's just insane to see this happen, especially when last NFTNYC is when, like, it started popping. Remember it was doing NFTNYC last year, Like everybody saw it and like a lot of people just skipped. And then like, things are just crazy a year later. Like, NFTNYC is coming close, right? It's the first week of April and stings at $4 billion a year later. Yeah, it's it's it's wild. These are crazy numbers.
But you know, like we talk about how last cycle Doge hit I think was it 80 billion ship hit 40 or 50. And this cycle, the difference between last cycle and this cycle is that was kind of like a new phenomenon. And this cycle people are now more used to those numbers and there's more capital that's willing to gamble and they've set those upper bounds for you know for current meme coins to go there and attack. And people.
It sounds very basic and mid whatever sounds very basic to say it. But people are literally sitting there thinking oh if doji hit $80 billion and Pepper can hit $80 billion and if enough people think that, then it can happen. So I don't know like it's tough. Like it's just it's just really tough for meme coins because you you can't justify it to anyone as a as a real investment and if it goes to zero, you're just
going to be like fuck. At the end of the day I just had my money and some fucking animal ERC 20 token or SPL token and I've just burnt it all. But people are making a ton of money out there. I think it's just important to recognize it is definitely up there on the gambling scale. But you know sometimes you can make a a good bet with good odds. It doesn't mean it's going to, it's going to have the right outcome that you desire, but you can give you can have some good odds at it.
And so far that's what we're seeing, I think. Yeah. No, this is great. I mean, Solana hitting a market cap high, right, of $75 billion, I believe it's that that's where it's sitting at, which is wow, this is crazy 70 well 74 now, but it went all the way up to 75 billion. Mando. That $100 billion market cap getting closer, huh? In Solana, yeah, Solana's. Solana's had a decent move.
I think it was as we just said like people were positioned in probably in ETH into this upgrade and and then Salan's the thing that's really moved, I mean this has definitely reduced fees on the L twos. I think something like optimism is costing like unbelievably low amounts to use. Same with same with arbitrary and a few of the other coins,
very very cheap to use now. So maybe we do see like over the medium term this is bullish for ETH but over the short term there seems to have been a by the rumours and then sell the news and and people have rotated into Solana on the on the back of it I think. I think broadly crypto still feels decent like the the, the, the numbers coming into into the Bitcoin ETF. I just kind of wild on a daily
basis. But I I can imagine that PPI figure could spook the market a little bit here, like that's quite a big beat and on top of ACPI beat. It's probably not enough to cause any significant damage, but can, but it is probably enough to to 'cause people to take a pause, I think. Yeah, I mean look at that you got Jesse Polack posting after tears of hard work blobs are now live on base. Before it was $0.31 the transaction after pretty much zero right like 0 point OOO 5.
And so it's it's pretty pretty good to see to me. I think obviously most this is super bullish like Solana and everything going on, on that front because it's kind of like where the attention is with this the it's just it's kind of like it's like the thesis is validated on that front. But I wouldn't, I would definitely not sleep on like what's happening on base. I was writing about this yesterday, but like base is like a lot of narratives right now.
Base is like dominating Socialfi as we know it at the moment with Forecaster and Frntec not dominating. But there's nothing much else, right. It's really just forecaster and we'll see what Frntec does V2. So you got the Socialfi narrative and they've got a lot of cool stuff going on on there, especially now that the fees are low and they've got that Coinbase push and everything. I, you know, we always say like, oh like we want this to get
listed on Coinbase, blah blah. Like Coinbase is the one running like the retail and stuff. But they they own base. You know what I mean? Like it's their product. So I I think this could be, I don't know, what you how do you guys feel about that? Like this could I think, like a lot of people may be like, I don't know, not paying attention enough to. I know there's a lot of attention. There's only so much attention
you can pay to different things. But base seems like this narrative that could seriously pick up with more people come into the space. Here's your thoughts on that. On base. Yeah, like the like base picking up over the bull market like this could be something really big man like with the fees now being like really, really low because there was times where base fees were were quite high,
right. Yeah I think if there's an easy way to get onto base from Coinbase wallet from the Coinbase X then then yeah I don't know if those railroads are built or what that should look like and what how that UX should look like, but it it needs to have that for it to
take off. But otherwise, you know, base to me is just like any other L2 and it's a bit of a pain for a normal person to yes, like the fees are lower but to access it you have to like have an ETH wallet on Metamask, then you have to like bridge and then there are just too many steps. Whereas with Solana it's just there and it's already cheap.
So you know if there's a, if there's a a seamless way to interact with base from using Coinbase on your phone, then absolutely, I think so. And maybe there will be at some point in time, you know this this is still very early days in all this tech. But yeah just the, you know while L twos solve a lot of the problems for EATH doesn't really help for retail onboarding and maybe it doesn't have to yet.
Maybe the application for that ends up being D Fire ends up being other institutional level stuff that we don't need easy access to for retail. But you know retail is what drives this market at the moment and what drives prices and I think that's what you're what you're seeing, what you're seeing on Solana. Yeah, it's, it's Wiley. Mandal. You sent something this morning about Solana. It's traffic. I'm trying to find the link again that you.
Oh, yeah, you sent. You sent a tweet this morning about the amount of volume right now happening on on on on Solana versus what's going on Ethereum here like what what's your what's your what's your read on that? Yeah, so at the moment, Solana is doing about three times the amount of volume happening on ETH L1. So that doesn't include L2 which is where a lot of the D5 stuff is, but it's it's a lot more than on the ether one.
You can feel that in the meme coins you can feel that in a lot of D5 like most D5 stuff is is on L twos now. But yeah it's just the way the different. I mean we we keep on talking about this every single day. Like it just felt as though that story was only getting stronger
in terms of Solana being used. Like the with this meme coin season happening at the moment like everyone's on Solana, the users is unbelievably high right now and it kind of been sitting in the doldrums waiting for this FDX piece to clear and then as soon as that seems to be maybe cleared we don't know final yet but it's just it's just kind of zoomed and I think that was just that wasn't really where that wasn't really a fair reflection of what was going on in the market on a daily basis.
So that seems to have been the biggest mover and I I think it it makes total sense. And then Heath, obviously like we've spoken about the fact that the ETF is now, the ETF is now the big narrative for for for EVE. What's polymarket saying? It's still like doesn't really know. So maybe that does an OSF is more bullish about this. I I agree like I it it they could always turn around. I think for the SEC to deny this, they're going to have to come up with something new.
They may just like deny but essentially just delay it. That's I think that's what a lot of people are saying. It's like, well, yeah, they'll deny it but then like they're just going to go to court and then we're we're probably here in a year's time and it gets, it gets issued under the new, under the like a a new government. But I I think that's that could happen. It could it could be denied but with like a very weak case basically. And I think that's not terribly bearish.
Like maybe the way that it's denied is important here. So let's let's wait and see. Or it might. It may even get accepted because they just don't think they can win in court. Maybe they'll be like fuck it, you know what I mean? I'm actually curious CC where we stand on the Coinbase case. We haven't heard about that in a long time. An update from Paul Gravel on where they stand because we have like there's three exchanges like heavily funding lawyers against CCC right now, right?
We have finance and CC personally, right? Because both of them we have Coinbase which is like already been smacking you know the SCC around in in in New York. In Kraken's case I think it's in California but or somewhere else I I'm not too sure but there's the three of them right. So and we know for a fact that all three of them are fighting them like really like full force. So there's that there's that overhang too right.
Really curious to see what what happens then because the New York. The Coinbase case, it didn't get initially thrown out so it's it's still but but but they did get the the Coinbase did look stronger in like the initial arguments there. So I don't know when we're going to hear about that. There's been a lot of rumours that they've kind of already won some quasi legal battles. That's what happened with like the UNISWAP swap fee recently.
I think that that could be that could be another bullish moment for the market. Yeah, I don't know. I don't know like it feels as it feels as though the SEC. I can imagine them playing for time with this with with the election coming up. I can imagine them doing that. Yeah, it's going to get, it's going to get interesting and very fun this year if if it's not, you know, fun enough already as it is anyway. So there's that going on and a lot of stuff on the macro side, the market side.
Look majors are majors still going to run. But right now all the attention is all the attention is is in one place and one place only. It's meme coins and starting with Frankel Templeton. So Frankel Temple Franklin Templeton, the digital assets arm drops a meme coin. Paper states that meme coins have strong relationship with their native networks. The name drops Solana coin based coin Bonk. I mean how how crazy is this that you have, you know Franklin Templeton, which is their big
asset manager, right? Like really, really like top ten I think, right? We talked about this multiple times, right? I think it's one of the the biggest ones in the United States dropping a meme coin paper called the value between meme coins and their native networks. It's just so good. So for anyone who doesn't understand meme coins or like if your parents are asking about it, I I guess maybe you can.
I guess maybe you can. You can ask you can send them that and and see and see what what's what's going on you know on that front and and so meme chords are derived from the Internet memes and have no inherent value utility the prize performance is akin to meme going viral on the Internet and they're just explaining that it's it's I don't know like this is like this is is just pretty wild that they're writing something about this I mean MOV I think I think let me fix
something with my audio quick I'm gonna I'm gonna toss this to you and let me just fix something real quick like what do you how do you feel about Franklin Templeton just like full on writing papers about memes right now. I just think it's, it's very clear and apparent now to follow on from what I said earlier that this is now a fully fledged market that isn't going away. And so you just can't really
ignore these numbers. You can't really ignore when things are multiple things are going up thousands of percent and hitting multi billion dollar market caps which are more than most like cash flow generating company, many cash flow generating companies out there in the world that have been around for decades. So it's just become too big a thing to really ignore. And it's not like this time last time where you just had Doge and then a few other things did it
as well. Like you know you have just multiple things coming out hitting big big numbers. So there needs to be some analysis of the market. I get it like we're all left curving yet there isn't really analysis to be done and there isn't really analysis to be done really. It's just like fucking by the by the shit that's funny or relatable and that's what goes up. But you know there are some dynamics at play here which is where this wealth has come from.
Who it you know who The Who the buyers are historical market caps and how that compares to where things are now. Perhaps relative value of means versus you know majors and all that kind of stuff. Like there are numbers that you can observe there and I think people will just the funny. The funniest thing about all of this is trad fi are going to be looking at this thinking shit, how do we make money on it?
And they're going to just mid curve the fuck out of this and just not understand it and not know what to do. Like the only way the best thing for let's say Franklin wants to get in the game. The best thing for them to do is literally go out there and hire like a 21 year old meme coin, you know, D Gen. rather than trying to spend resources and efforts understanding this market. I think that's honestly the funniest thing about all of this. It's hilarious.
Is my Is my volume inputs fixed now? Are we good? Like, is it? It's not coming out loud, right? I don't know. That's what I was. Saying. You sound OK, Sonica. Are you sure it's not your volume knob? It's too. Loud. I don't know. I had my volume down. I was like, wow, like me. Mando was like, dude, you're sounding really loud today. I'm like, dude, I actually lowered my inputs this morning. That's right. Anyways, shit happens. We're here for the tech. Let's go free Mando.
Free for free. OV All right, so where are we at? So we have Franklin Templeton doing all this. And then we have awesome, you know, shout to awesome, you know, 'cause he kind of let that. And then Phantom came on the back of this. I love what Phantom did with like their wallet integration. There was 100K left. They fucking pushed it through. They took us home, you know, and and like the the the the whiff is going to be on the sphere. What do you guys think this does like?
I know a lot of people love to call top signals on things like that. I think this only starts like the beginning of the biggest like meme coin like marketing event ever. Like remember last run it was like New York Times Square every day. Was your new coin like on buses on this, on that like probably we're going to see more meme coins get to sphere. What do you guys think? Do you guys think more coins are going to go after the sphere after this? Suddenly, I think it's not much to raise.
I think it's not that easy to do. Like, you know, on the face of it, it looks like hey, hey, just some random people raise 650K and they're going to go and do it. There's actually been a whole plan behind this. I think a lot of people have been working on it and you can't just, it's not like someone with 650K can go and just do it right. And I think there are probably some restrictions on crypto marketing in the US as well and what they would allow and not
allow. But I think, you know there's a team behind this who's who's been working on this to get it done in a in a way that I think will work. So it's not that easy. I think to pull it off, I think everyone's like oh everyone every mean cone will just do this now. I really don't think it's that easy to do and pull this off. And you have to be a meme coin that is a multi billion dollar market cap because you know who otherwise who else is going to, you know want to donate to this
thing. But you know, there are plenty of whales out there and different coins and stuff, and there's a reason why they haven't gone there and done this because I think it's not that straightforward, but I think these guys have been pretty switched on about how they're doing it. Very. And then so the other thing I've been meme coin. So this this Elon video that surfaced last night, like was that an old video? No, he's in.
He's in Berlin. It says it's a video that he did I. Posted it and then like I saw two by onsen as well saying like, yo, this video is not real and then saying no, it's real. Like I was so confused and so I was watching it live. Those went to like 19 two and then immediately like just like started selling off. It wasn't. So at at midnight I was about to go to bed. At least 1159 PMI was ready to go to bed and this happened and I went obviously like, I'm long.
So like I started going like, you know, you know how I get so I couldn't sleep for like an hour and then this thing went back down. But that this Elon video, I mean it was great and and let me just play it here for everybody because I thought it was such a good one. Let me get to the end of it. Mostly working the line like not. Some people were just, you know, they were. Working the line. Like, not. Not rich people or anything. And they said can you please support?
Those, And then also I was at SpaceX and also just, you know, walking in the factory and some regular guys just said, hey, can you support those? And I was like, you know what? Those are just the people's people's crypto. So I will support it because lots of rich people were supporting Bitcoin, but I was like, huh, it's people on the line want me to support those. I will support those. So don't do it for you. Let's go. You love to see that. Those the people's crypto.
He says that enough rich people are supporting Bitcoin. So he has to support those because the people that work for him and the people in lines at events to meet him, talk to him about doge. I mean boys, those on the back of that of course, like went crazy. And then, you know, this has become like one of my favorite followers. I turned my notifications on from Andrew Kang like at the beginning of this bull market. And I'm not gonna lie, like, few people managed to make me more
bullish. And I can make myself bullish because it's really weird. Like, you know what I mean? I, Mandel, you know how I get, right? Like, yeah, like I got terrible bullish on straight. Like, this guy just makes me even more bullish than I make myself bullish. So he goes, I'm interested in launching the micro strategy for Dogecoin. There needs to be a vehicle in public equity markets for memes.
If you have a passion for memes, corporate finance experience, and sailor and sailor like a crackhead energy, please reach out. I mean, Mando, Mando, moneybags, my brother and Doge. You know, what do we what do we, how do we feel about Dogecoin here?
I I think I think we had a big run on on Bitcoin and ETH and Solana and then Doge had a bit of a run what was it 10 days ago now and then it's kind of done nothing since then even though meme coin season is like taking off right now I I think I think
it could have a good run here. Like I I would be very very unsurprised if if Doge has a very big run again like this weekend for example just because of the way that it's feeling which is just like all I mean whiff just hit 3 1/2 Pepe just hit an all time high these have done 2X even in that last week. So yeah I I get the feeling that that maybe becomes the and I I also I also think Sol's does very well.
So I I like those two here. Out of like the top 10 coins I think those two will probably run the strongest here. It's difficult to say though because it feels as though when those two run the rest of the market sometimes doesn't trade that well. Like like over the last 24 hours the two only two coins which are higher are basically Sol and Doge and everything else is lower. I think when ETH ETH is having a bit of a tough time right over the last two days not over the last month or so.
So a lot of the EDM coins are going lower, but I wonder what happens if if Solana and Dogecoin are the two runners. Like I don't know if that's like super bullish everything. I think it could be like, Oh yeah, those two are running and everything else is falling low. I think some of the Solana meme coins could maybe, could maybe run, but we could also be in just because of the the sheer number of volume.
But we could also be in a world where if you remember last week when when Doge and Ship ran, the rest of the market didn't. And a lot of those, a lot of the other meme coins didn't run. In fact, some of them were even lower. Only after they stopped running did everything else start exploding again. So I'm just aware that we could be set up for something like that, because it does feel like Dogecoin sentiment is growing pretty hard again.
And you have all the people who are pumping all the different meme coins. And Dogecoin again is such an easy, easy thing for people to get on board with from a meme perspective. So I would be unsurprised about that. Yeah, I think, I think that if I were to play two of the top 10 coins right now, it'd be it would be Solana and and Doge. Yeah, I it's it's great. I love that. I think it's just like the it's
a muscle memory play. Like what do people think about first when they come back from two years of not caring about crypto is it's probably Dogecoin. So it's pretty cool. Oh wow. Look at that. I didn't know this from this morning Carlos just texting just tweeting me on this something. Eleanor Terry Auk judge has ruled that Craig Wright is not Satoshi Nakamoto. Yeah, and. That's quite a big lawsuit, actually, that's been good on for many, many years. You went on forever.
So I just saw that. I just saw also your tweet. Oh, we just went live like 2 minutes ago about, you know Frank and Templeton, the articles and it's just like again, like dosha. It's kind of like the face of meme coins, right? Like love my Pepe, love with obviously like Maxi on both of those and everything going on and obviously love that our MOG, our little tiger coin got listed on crypto com and went live this morning. I absolutely love to see that like on the east side, like left
curve ETH. It's really just like MOG is just like doing crazy with numbers and I just love to see that personally Speaking of course, like in handbags on that front, but led by Pepe, right Pepe, keep going up. It's just like helping us a lot on that front. And then also, you know, while we're at it on the on the on the left curve part of the segment, Dark Farms. Dark Farms yesterday. Wow, did they get a Mexi and a Polonex listing during the show right now?
This is crazy, but we have Wow, OK Dark Farms two days ago posted, you know, here's a presale book of memes. I'm running this thing, it's going to be this art thing, blah blah blah, blah, blah, blah. OK? And obviously a lot of people ended up sending money, including myself and a lot of the homies, which I love, a lot of our teams and everything. I love that. So that was a tweet, and it was public for everybody to have
access to over 24 hours. Everybody who sent is up a ton and right now it looks like it's getting starting to get listed everywhere. But that was the big thing this morning, right? Opened up at $92.5 million. Market cap boys, are we still back or what? This is crazy. Like I haven't seen a coin like that do 100 X, particularly a presale, right? Presale coins generally don't do as well.
So yeah, absolutely insane. It just tells you how crazy some of these coins are, like me, me, OV Faro, know this because we were in the, we were in the, you know, shit coin trenches for a long time. Like for for Mog, even to get to like 1020 million was like a huge deal, right? When it got to 20 million, it was like Oh my God. And then it got to 30. It was a huge, huge deal. Coins are just running up to 100 million now in a day.
It's like I've I've, I haven't seen this in the whole time that I've been trading this space. Normally it's like if you can get it up to that sort of level it's it's it's wild. But now things are just launching there and just going higher. Like even those Politify means you know, like fucking Boden and Tramp and all the Dolan comic star means they just did like a 4X yesterday. I I it is literally wild this season on Solana.
Like every single day a coin is running to 50 million plus, sometimes even 100 million plus every day. Every single day, like every single day, there's something new running and it's it's just insane to watch. I've just personally speaking like I've been, you know, I've been digging a little bit for fun and it's been great. And you know, there's a lot of opportunities out there for people. So I think it's pretty cool deck
screeners running. You know, there's Solana Meme coins, you know, every other second. And it is just a casino. It's the Sky casino. We've been talking about it forever. It's the best casino in the world. You know who needs roulette and all that good stuff when you can just hit the Solana blockchain? It it it.
To put it into like NFT terminology, like this is like a $10,000 collection launching every day or two and they're running to 10 grand a pop. So like they're running to, what would that be, 2 1/2 ETH right now? Like, it's like that. It feels like that sort of season, you know, it feels very much like NFT season where new mint just immediately goes to 2 1/2 ETH and everyone's just made $10,000. That's kind of what's been going on at the moment. So that's where a lot of the
money's going. And quite frankly, that's why the NFT market isn't trading as well, because this is not happening on NFTS right now. Can I I mean we can go over NFTS quickly but not to be like like obviously like the ordinals and I want to talk about this more another time because it's going to take a while ruins are starting to go live.
I don't know if you guys saw the the the experts news this morning and I I if you're if you're listening to this space right now or watching live on video don't sleep on ruins like a dead ass. Like, I'm not going to lie, like, I'm just saying it here. Obviously got my RSICS I I talked openly about splitting my puppets into different wallets, gambling on the fact that, like, speculating on the fact that perhaps, like, I'm going to get more pups, air drops based on
how many puppets I own. Everything. But X Verse announced this morning that the runes test net is live. And so you're going to get literally a new narrative on Bitcoin for mean coins. So like, that doesn't mean ape every single rune. That doesn't mean by every single thing on Bitcoin, it's slower. It's more expensive. If you don't like gas, don't don't even think about it, right? But there is a narrative here, and this is something Mando also has been talking about for a
really long time. But you were talking mostly BRC 20s, right? And you even as late as early as yesterday, we were talking about Ordi and that narrative, how it run. And it was really like in the East, like a lot of people investing in it in Asia. But this is big like. Yeah, this will be huge like this is. This is why you own ordinals right now to the logic tank. So a lot of them are going to be
air drops. But yeah, I do think people, people will run up. If there's a liquid token standard on Bitcoin, they're going to run it up. They are going to run it up. Yeah, I I I would not like honestly speaking like this one of those where I'm like yo please don't sleep on this like if you're listening you're trying to let your interest in Bitcoin or as long as what not you're not late to this this is just about to come out like with the having a lot of ruins are going to get air dropped.
I know for example pups like you had to like where it's between like March 31st and April 1st. So it's going to take a while. It's a little complicated, not going to lie. I don't understand all of it, but it doesn't matter. I don't have to understand it to acknowledge the fact that it's going to go big because ordinals is the big winner on the NFT side this year, this cycle, this run.
Bitcoin is obviously the king. We all know this it it's leading the entire charge here with the ETFs and Runes is a massive narrative. Like it's going to be I genuine thing is going to be insane like that that big. That's how excited I am about it. But I'm waiting a little bit because I know it's going to take time and playing on on Solana.
But what Casey Rodemore invented with ordinals and this whole thing that has been happening now for the last year and a half is absurd and and I definitely wouldn't sleep on that but on the other side of it is a great article by the way that we got to to today. So I just shared it for those of you who want to go read it, but just a little more about like Bitcoin ruins are coming and experts wallet getting ready and everything. So shout out to experts for
that. And so you have everything on there which is super, super cool. So definitely have a look everyone if you're interested in the next narrative and what's going to happen because it's a real thing. It's not, you know it's not, it's not some random thing on some random chain.
So there's that. But back on the NFC side, like I I'm very worried about most NFTS personally speaking because I don't see why like the average market participant that doesn't have a massive portfolio would hold any NFTS above like a few
ETS. Because now that that that ETH ran to 4000 Plus when Solana like I I like for example like I could see most people saying they have two ETH in the wall and an NFT stuck that's like going sideways for years and then they're like wait that's $8000 swap it to. I don't know how much soul that is called 50 plus and then say hey maybe I have a chance of playing at this casino seeing everybody win. So I don't know how you guys feel about this but I think it may get more and more like grim
for like most NFT projects. Like I wouldn't be surprised if like a lot of the ETH NFT projects see another 3050% like down on the way. I think it's a, it's a it's a slightly cynical view, but at the same time I think it's also not unrealistic. A lot of people have come here to play a casino even in the NFT space and the casino right now is not happening in the NFT space.
So you just have to accept like whether whether it's like, I mean look the NFTS can keep going lower because they, you know, people can't gamble on them. That is what a lot of people are here to do. I mean, pudges are down to tennis. You know, they hit 20. Wow, it's almost 50%, you know, and and and by the way, there's nothing as Spudgies, we know Lucas is one of the best builders in the NFT space, but it is what it is. Just markets are markets, right?
Board apes are 1395 guys, D gods D gods, D gods is 1.3. So ETH, and this is not, by the way, this is not a frank thing. Like at this stage, like, the market is deciding to exit most of these positions, right? It didn't help like that. Like, you have farmers just like destroying your floor and like dumping on you every time you're trying to buy something. Digas are 13 millions are 220. Captains are holding really strong. Love to see that. But there's that meme narrative, right?
They have the meme token. So there's that, right? Like they have that and they've been doing well. The ones that are holding up best quite frankly, are the ones with some sort of token attached to them. So there's obviously going to be more air drops for the mainland ecosystem. I was even looking at it today like the only ones higher are things like, I mean Milady's kind of seen as a you know, meme coin devs anyway, so they they
tend to do well. But then it's a bunch of things which have potential upcoming air drops which are outperforming. That's basically, that's basically where you're safe is 100.
Percent 100% I I I and and for what it's worth and and on the art side you know obviously we had Hivemind yesterday I don't want to talk about it too much but you know there's a lot of stuff going on that front with what they're buying art that so the people who enjoy art they're buying art like so you're not going to see crazy pumps but people are accumulating art on the in the in in in in in the shadows and then OV I saw another skull sale for. How was that?
Oh, I missed that again. Wow, 100 ETH. Wow. It's sold, dude. Yesterday's skull sold for $250,000. Wow. Yeah man. Shout out to scram, dude. Shout out to I see. Oh, I see. Wow. I look at it. I Scroll down and I see two skulls on the timeline. We have Casey and and Ben Skar. I mean, dude, how cool is that? That's pretty insane. That's pretty very impressive, very impressive given you know the the state of the ETH, NFC and art market right now. So. Look at this right there.
It's in your on your website. Oh yeah, it's. Here 2065 ETH at $4000. So love to see that. Congratulations of course. Sam Spratt and everything he's built on that front. And and to and to the scholars, Lucy holders, what do you call him again? The the, not the Cabal. The Council, The Council. And the council shout out to the council dude. Like honestly. Like it's super cool to see. And you know OV the rich get richer.
Dude, this man love is miss. Study OSF, study OSF, I'm kidding, but you cooked that when you bought that a consensus last year, so obviously happy to see this for you. And then on the Solana side, same story. I mean but dog was retraced all the way down to 7.4 Solana after going to to 12. But with the native token flying, it's only normal that the the the NFTS are are going lower and ordinal is what we already talked about. But mega narrative around around ruins which you usually get for
holding certain projects. So nodes, puppets, etcetera seem to stick around a certain prize on the premise and speculation that we're going to keep getting air drops. And it's true like I ran the math like for one puppet so far like I got like $3000 air drops, RSSC runs like 4-5 K at some point. So it's, I find that pretty interesting on that front. So everybody's in the money, which is something you've been saying Mando, and it's great to see anyways.