Yo-yo, yo, what up? What up? Good morning. Good morning, GMG. Monday, maybe Monday. Monday, Monday. New week. Oh yeah. March 17th. Yeah, 2025. Look at that, another beautiful lady had a beautiful day. I got my coast in the house. Oh we are back, we're back. Shout out to Logie Wan Kenobi, shout out to Logan for filling in last week. But this week the lads are back and we are back in action and got my coast, Tyler and Mando in the house. What's up y'all?
Good morning. How are you doing today? How was y'all's weekends? Fantastic. Yeah, really, really good. What about you? Good, good. It's been a while, Mando. God damn it, It's weird. One week without you now. I mean, even though we really talk every day, but like, OK, so we did a host together, but we're talking. But you're back. You're back. You know, it doesn't have a short arm. It's not a long sleeve on. I don't know what that means.
It means it's long. We'll we'll we'll interpret this however our bias makes it to be. Tyler with the bull's hat. There you go. Ty Mando's long. Tyler's got a bull's hat on. You'd like to see that? FOMC week. Big week. Tyler, how you doing this week? Big week, feeling good. What I love about this market right now is that it's slowed down. It makes it easy to to, but there's still enough happening that there's still some action. We saw some green on the NFT board here this weekend, some
green on the tokens. So it was a nice weekend and Saint Patty's Day in Chicago when you see the river, that beautiful green, perhaps a sign of things to come. I I celebrated Saint Patty's Day here in Montreal too because you have a massive parade Saturday night. I had about 12 too many guinnesses. It's great. I don't regret so we like. I lived in the UK for many years and like Saint Patty's Day is
not that big a deal. It's a huge deal here and it's Chicago. Here way bigger in North America than it is in like. England is that dude. It's another excuse to just get lit, you know? Like in Ireland, if you're in Dublin, yeah, like, yeah, it's like a big thing and often there's rugby on around this time, so like of which Ireland are are good at. So you'll see stuff around that. But like, it sounds as though North America goes wild for it. Like this parade, everyone goes
out. Like, it's definitely not like that. I found out in Montreal this week. There's the Chinese Irish community, there's the Caribbean Irish community, there's the fucking like everything they all had their different deaths. For us. It's about going and then you have like the Chinese Irish going on doing their fucking crazy shit. Then you end up Caribbean Irish going on and, and I found out all these different Irish derivatives and it was, it was like an NFT project, this
parade. It was amazing. There's all the different type of Irish people. It was so good to see and, and Irish car bombs are fucking delicious. So basically it's like what it's like a half a pint of Guinness with a shot of Jamie in there. And then you drop a Bailey's. My God, it's so good. You know, if you're over the age of 18 in Canada, of course, and over the age of 21 USA, I was putting my disclaimers out there. But yeah, we did celebrate Saint Patty's Day. It was nice.
Also, it's green Tyler. So we're we're, we're both. You got to celebrate the green, you know what I mean? It's the IT is one of the biggest weekends of the year in Chicago. Like this is. Yeah, oh, man, from, from all over. It's a huge weekend. And the weather was great. It was we we had the 60s, so it was warm. So yeah, we're going nuts. Yeah, exactly. So it's it's it's always, it's always, it's always a good time. It's. Anyway, it was a warm weekend too. You have to see that all the
snow's finally melted. It is the spring equinox this week, lads. So spring cleaning is around the corner now. Let's see what that means. Oh, my God. Iris Carbone has a very different meeting in England. That's terrible. The comment, bro. Jesus Christ, you guys. He's coming dude, I hate the Internet anyways to the other show. I shouldn't laugh at that right this on the show All right, well, we didn't have our quant last week, so let's let's talk with our quant why he's got
coming up this week. I saw you post something about like a lot of data coming. We have FOMC for the first time in a couple months as well. So it's, it's going to be interesting to see that we've got Tyler's top 100. I mean, looks like we have a, there's a lot of news cycle. So let's see what you've got for us. No spins today, but you know, tomorrow all the way through Friday, we're going to do a bunch of Robert lootbox spins.
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next. Also, the Wallet Connect markets are live on Myriad Markets, 15,000 predictors and 1.1 billion points already at stake on the Wallet Connect Myriad Markets, and that's just four days. They're going to run for two months. There's 150,000 Wallet Connect tokens up for grabs. So I'm just saying if this token goes to a dollar, that's $150,000 that we're giving away. So, you know, go predict. Listen to Friday's show, right, Tyler? We give people the alpha. Tyler dug into the numbers, so
check him out anyways. Mando, Mando. Mando. Mando, Mando. Where's my thing? I I need to reconfigure my Rd. caster. I lose my my thingies. I can't see you haven't been on this trip for one week and I forget where your buttons. Oh, there it is. No, no, no, no. That's not it. There you go. Can you dig it? Yeah. So it is going to be a bit of a big week. It looks like this week for macro, obviously I missed most of last week.
Feels like we've we've bounced a little bit from kind of the high 70s and now we're just kind of hanging out in the low 80s. Majority of what people are saying is that everything was kind of oversold on macro. This was four weeks of the NASDAQ being lower, a lot of all oversold metrics being hit. We do have a bounce on on Friday, but generally like when it gets this bad, we're either going to enter a bear market or you're going to see a significant bounce.
So you kind of got to make that call right now. There's been some, you know, some, some signs of stress in, in the US, like some signs we're heading for like maybe a light recession, but I don't know, I'm not buying them just yet. Like let's see how the tariffs, the tariffs, the tariffs go. We obviously have the Fed. They're not going to announce a rate cut this week where it's highly, highly likely they will
not. But they may signal a big change in path just given the weakness in general from the stock market. So you could see a no cut, but dovish, dovish commentary sort of thing. I think that's what majority of people are are, are thinking. Bitcoin dominance continues to be up around 62%. Feels as though Bitcoin needs to rally before anything else really can. We haven't seen any sort of sustained strength in any of the other L ones.
Although interestingly today Binance BNB has been the strongest and a number of the Binance memes also were kind of running. So I don't know if that's like going to be an ongoing thing. Obviously they got the investment from Abu Dhabi 2 weeks ago. So there's been some and there's light positivity around BNB in general, but BNB decks volumes again flip Solana over the last
24 hours. I think Sol decks volumes actually hit a year to date low over the weekend, which I guess is a surprise to kind of absolutely nobody. But it does feel as though D Jens are slightly moving away from Solana at the moment. We've BNB seems to be one place. There's been some stuff on Avax, there's been some stuff on Sonic. But yeah, we're generally seeing that Seoul is losing out on some of the like, the more degenerate activity. I don't know what what what to
really make from here. Like, my guess is that we could be in this sort of pattern for a long, long time. I hate to say it, but like, we could be here for for many months. Just like given how suppressed activity feels suddenly, it really does remind me of periods where you know, you can be here for a long time and nothing really happens. Bitcoin is moving in a relatively narrow range. So maybe we do see like a a dump back down to like 75 K before it decides what it wants to do or,
or maybe like a slight rise. But this doesn't feel like this sort of market where Bitcoin's going to go from strength to strength. Like the, the, the near term catalyst to me seem slightly more pushed out in that we'll probably get some stable coin regulation in the summer and we'll probably get some, we may get some RWA regulation this year. I, I don't, I'm not as bullish on that. But those are like the two like big, big ones coming from, from on the political side.
And then the other side of it is just like it's more macro stuff. It's like people are getting bullish on M2 growth again and getting bullish on like global liquidity going higher. And, and those things take a little bit of time. You know, normally like they're not like, oh, this week it's suddenly just everyone rushes back into crypto. So I think we have potentially a more supportive backdrop here on that, particularly coming out of Asia. So U.S. stocks have been doing terribly this year.
Chinese stocks are having the best year they've had ever so far. So and you can see the global liquidity is going higher there. So maybe we'll see like a bit more of a correlation to global liquidity rather than just tech stocks, which I think has been dragging a lot of things lower. But but maybe we weren't and maybe we could be here for, for, for a few months. So I mean, what, what do you do
in these sort of periods? We've been in these periods for many months before us three, I guess like we know how. Yeah, we have. The things that become popular are things like farming. So you like might farm a new chain, you might do a bit more like D5 stuff.
There's been interesting like a return to NFTS a little bit like not crazy stuff, but like definitely seeing people pay attention to those a little bit more people checking out other chains for for Dijon activity that's happened a little bit more. And yeah, just activities low. Like the, the biggest story of the weekend was that they were trying to, they were trying to liquidate a hyper liquid trainer and that was a 2 day story. You know, I mean, it actually
ended up nothing happening. So I it, it, yeah, this feels like a bit of a slower, slower new cycle. The, the, the main near term or the, the main catalyst for me now seem to be a little bit further out in that we're really looking at macro like the Fed slow shifting of policy. the Fed shifts policy over months, not days, right? So we're talking about, you know, maybe by the end of this year, we're out of QT. We've had a few rate cuts that
sort of stuff. We may get some some headlines about like a like a major corporate or or maybe another major nation getting into crypto, but we've kind of we're kind of in the rear view of some of that already. Like at the moment, US has already announced basically their policy. Russia is, is, is seemingly using it a lot. And we kind of already know that. The main one would be if China then like was a bit more loud about, yeah, we're going to unbank crypto and be a bit more involved.
But I, I, who can, who can say with that if or when that would happen or if it would be as public as like how the US add with like a big press conference saying, Hey, we're going to get back into crypto. So I think just slow down, don't get wrecked going after 10X gains over like a week or something like that. You can normally pick up on trends a little bit a little bit slower in this market, which is quite good. Like you had plenty of time to to get involved in the scores of Lucy's thing.
You have plenty of time to get involved in some of the more AirDrop stuff that's happening I think at the moment. And you can kind of also see the shifts in L1's there a little bit. So you can see, oh, money's flowing out of this into this. And like, maybe this is an interesting thing to look at. So slow down, pay, pay attention, but you can slow down. And, and I think I still think we're in a, in a relatively sported backdrop that we're not going to like completely fall
out of bed. Love to hear that you're sounding really bearish. I'm not going to lie, I don't like it. I'm not sound embarrassed. I'm just sounding like, do you think Bitcoin's going to 100K? Yeah. It's me or Tyler. This week. Or no this week, right? So is it going to three months? Yeah, maybe three months. I could say yes or no. It's not threatened. So we're we're we're kind of in June, July time, right, for a 20% move in Bitcoin. So I'm just, I'm just tapering
expectations. That doesn't mean you can't do stuff. I'm just saying that like, yeah, it's going to it, it feels quiet there right now, right? Like, let's be honest. It is so quiet bro, like even the news or the news like or the timelines are so boring sometimes. You're right Tyler, it seems
like you have an opinion here. 100K this week I. Don't think we're on 100K this week, but what I took from Mando's overview there was like, while he doesn't think we're going to RIP up 20% in two weeks, he also doesn't. He's not calling for the bottom to fall out, right? Yeah, yeah, in the. Past couple weeks, I think there was more concern about like how low do we go? And if like one of the things that perhaps has changed, it's probably a little too soon to get too confident in it.
But it feels like things like Scott Besant coming out and saying pull backs are normal. We're not going to a recession, right? It feels like we're probably not going to go super low. I guess like with with something like the true bears on the timeline calling for 69, calling for 50 that that feels a little tougher of a scenario to map out then perhaps it did even a week or two ago. In terms of like what is turning in the economic data, it's a lot
of it is actually confidence. So it's like consumer confidence, business confidence, inflation expectations, that sort of stuff. And that that stuff can can be a leading indicator or it can be like the, the biggest red herrings, like U.S. consumer confidence at the lowest level in 11 years last week. Now, a lot of that is like worried about tariffs, like cost of living staying high, that sort of stuff. But often that sort of stuff it, it doesn't necessarily lead to a recession.
That just leads to like a bit of a panic. So they can be leading indicators and they can just be like absolute, absolute nothings. And you know, as Ovie said even last week, that we're not, we are not where we were in 2022 by any means. Like monetary policy has got a lot of ammo it can do to to alleviate if anything goes wrong. So this doesn't feel like one of those to me. It feels like a bit of a freak out.
I think that what we've really also saw is there's been a re evaluation of USAI valuations, which is, which is kind of necessary. Like you have Baidu, you have DeepSeek coming out with models which are at a fraction of the cost and it's similar or even better than some of the US models. And so you're seeing a a slight deflation in that, in the CapEx spend that was going to be expected there and also perhaps the value that's been created
there. That doesn't necessarily that's not necessarily bad for the whole economy, but it is bad for the Magnificent 7 tech stocks and whose valuations were largely tied to them having almost a monopoly and what was going to come from AI. Baidu, for example, which is one of the major Chinese AI companies came out with a a model last week, which is everyone's saying it's like this is better than than way, way better than check GBT and much
cheaper. So I think part of it is also just the stock market AI valuations again her and and and Kripa's been thrown in with that even as as a kind of low liquidity seems to be a little bit better. OK, love that. And then last thing, Mando, more on the macro sides of things, any and I saw you made a post this morning saying there's some some stuff coming up this week. I know. There's a. Huge week, right? Do you want to maybe take us to this week? Yeah, sure.
I'll just bring up what I. Yeah, I'll bring up your tweet right now there. Boom and mix. Mixture of crypto and and, and and macro, but we have retail sales today. Then you also have I'll just focus on the macro stuff tomorrow. Obviously you have Trump and Putin. They're going to be talking about basically the the, the the redivbing of Ukraine after this whole situation.
Wednesday's the big one though. You've got FOMC, you've also got the Bank of Japan. Japanese rates are are one of the major worries for macro right now like they keep on going higher and Japan has a disturbing amount of debt to GDP. So if that was to really spiral, it would be a worry for Japan, but who knows Thursday, the Bank of England, another country which people have been a little bit worried about from a macro standpoint.
And then you have some you have some jobs data as well in the US. So 3, three of the four or three of the five major central banks of the world are making a decision this week, which will be relatively big. And then it's, yeah, just U.S. economic data that's going to come through. So big week for macro. I would expect some volatility, particularly on Wednesday. OK, what do you, how do you feel about it all? Like what? What?
What's? What I just said, I think you should be buying if we go below 80 K again, I think you should buy it. That's that's my general view all. Right, Perfect. Yeah, I enabled too early this weekend, but it's not too bad. I thought Solana could bounce, I'm not going to lie, a little bit more than it did. Went to like what? What, 35 ish? I didn't have it in it, but it was holding strong. Like this 127 line. I mean, that's where it's at right now.
This 127 seems to be defended like crazy on Seoul again and again. I thought we'd get it and but no. So we'll see. A lot of metrics continue to not turn up. So like the prizes doing OK and holding that level, but it's not like what's the what is the story for people coming back to Solana? So you really have to have a story around. Street events meme. Yeah, memes, NFTS deep in but. NFTS are not even on soil right now. It's like all theorem once again. So NFTS are not winning RW as is
80 or I sorted at 80% eve. So like it's largely avoided Solana so far. So then you're really buying on deep in or, or meme coins and meme coins feel mixed. Let's say there's been some runners, but like B&B, for example, just flipped. If you go on the Daily Runner today, they're all on B&B, which is kind of interesting. And then and and then Deep Deepen's always been very strong in Solana, but I don't know if it's enough. Like if you look at mindshare stuff, it's not It's not.
It's not up there. It's not up there, so. So let's see. I mean, memes are always going to be mine chair, mine chair mine chair, number one. That ain't D5, right? So I don't. AI, it's AI. They're D5 at the moment and. It's still AI. Look at this. I actually tweeted this out yesterday. I was actually surprised. What'd? You put up. Let's see. AT AI is still 34%. Wow, I did not know I I definitely don't feel this on my timeline.
I feel like it's 3.4%. I feel like it's quarter magnitude lower, but like it, it's tough because like overall AI is not like over like the broader kinds of AI is still all over the timeline, right? Crypto AI specifically feels much lighter. I don't know if all the reply bots it is. It must be the reply we. Had the big situation with grok last week and bankrupt like so maybe that was enough to keep it in play, but would you say? AI is 2. To 3X. No, not. In these other sectors like that
doesn't feel. I'm sorry, even though memes are dead, I'm seeing more memes than AI on my timeline and for. Me at the moment I think D5 feels the strongest. I agree with you. What I see? Getting gamefy. Gamefy. But I think also you have to understand that this this doesn't include just like Bitcoin. I mean. This feels like all of these have come down like a lot. It's not like, oh, AI's all over
my timeline. It's like all of these are actually down a lot versus it's they're just jockeying for position on a relative basis, I think. There's also not NFTS in here. NFTS have dominated my timeline. Between Sam and Good Vibes and abstract NFTS and all that stuff. They actually this weekend NFTS
would say dominated my timeline. The narrative of NFTS Interesting. I wonder what title bases this on because I the only I see is the fucking stupid AI is replying to my thing and ruining my page all day long. It's starting really pissed me off actually. It's so bad. It's like just low effort. There's always one AI that's hating on you and there's always one AI that's just glazing you a little too much, you know? Yeah. I'm just I'm mute them all now and then they eventually go away.
But like the whole dead Internet theory. Like there's like I have posts where there are 10 replies and they're all bots. So like it's just literally like a fake commentary out there. It is it, it paints a darker future we can talk about maybe in a little bit. I'm curious, I was looking at the the meme coin market cap chart and that doesn't look bottomed. Or do we think it still goes lower? Which chart? The broader meme coin market cap. Oh yeah, I don't know.
Where to find those which include sheep and Pepe and everything, not just Solana. It's now down 8% on the year 2024. This one. Trump coin before Melania coin before all of that, we had a higher market cap than we do right now. 8 million tokens have launched on Pump Fun in the last year. Well, this is levels than we. Were a year ago. So, so pump fun is still in the top five revenue by using protocols. How wild is that? Like it's still made last week. It's still made how much?
It was a lot last week. I think no, no, no, actually last week was a bad week because we had a market open for it. That's sadly we had to cancel this morning on Myriad. It was actually a bad week, but there was the news about Barry Train that came up this weekend that may have revived a lot of that. I just don't, I don't see people, I I just don't see people buying memes like even
for epic, right. I'm just going to put this as a like we've had a lot of positive news and I just feel like people sell like a good piece of news or like people sell pumps at the moment rather than like buy them. Feels as over like any sort of pump in any of the any of the even the legacy memes and that they're much bigger. Like if Pepe was to jump, which I think is the strongest was to
jump 20%. I do something that's probably salads with that just because I think people just feel like the meta needs to a while to like heal. Whereas if something happened on like AD 5 RWA coin at the moment, I actually think people might buy that. Do you know what I mean? Like I feel like the momentum might be like, oh, actually this might be something that picks up and like this could be something new.
I just feel as just the way that that's completely anecdotal, but but I just feel like that's what I see. Yeah, isn't that where I'm going to see like AV shaped recovery by any means? I'm just trying to work Like, are even memes oversold here? And like, are we going to see like a bit of relief? Right. So I mean, Pepe's up 14% this week. Most of the leaders are green on the seven day look. At the bleeding man. Damn. Is it just a maybe just a weak relief bounce?
But I don't know. At some point they probably do bottomless. You really think all of the memes are going to 0? Which I I don't really think. Yeah. I just they're probably in terms of like, are they going another 50% lower these top memes? No, I don't think they are. I don't it's but I don't think people buy things because they they don't think they can go that much lower. They hope that they can go a lot higher and I. Feel, yeah.
That's the maybe the issue. When the round tripping I'm hearing on some of those memes is insane. Like the stories I've been hearing? Farquine actually weirdly feels like one of the ones that like Farquine feels a little bit Pepe like to me. You could train it, but we talk. About it like next next run for memes. Yeah. That looks like the Pepe chart. I know. Obviously it's. No, we talked about this.
I don't know if it was last week when you weren't there or was the week before, but we 100% said it just needs more chop here before another run because that's exactly what Pepe did at the $600 million range. It was like months and months like a. Year. You know what I mean? You. Know six months yeah, yeah. And then and then it will just go one day and it will just be like an X and you'll be like, oh fuck. Yeah, that's that's exactly it.
And you're like, fuck, should I wanna coulda you know, And then you going to sell this screen shot stuff like I sold my fart coin. It would have been worth like $5,000,000 like going to sell this post Classic. But yeah, the the round trip stories I've heard lately from people on like whiff and and pop cat is like we're talking 10s of millions of dollars. Like it's so crazy. And of course, 18. Million. Dollars, dude, $18 billion was. Lost.
Oh yeah, yeah, it's true of of round of of valid perceived values. People have lost 8-9 figures, yeah. Yeah, yeah, yeah. A lot of people busted up anyways, thankfully we're good. One thing we're good at, at least us and our friends groups, is we don't we don't blow up. Knock on wood, Shala, please. You know, and we we stay somewhat in the in the greens. You love to see that. Anyways, with that being said, Tyler, let's see what you got for us today.
Yeah, it looks like crypto major's slightly green here after what was an uneventful weekend Bitcoin holding it at 83 K Cake and BNX over on Binance up 40% leading also. So as Mando mentioned, Binance clearly leading the way this weekend ton the Telegram coin jumped 20% on news that CEO Pavel Deroff will be allowed to travel outside of France. We saw sailor strategy. They bought only 130 Bitcoin last week, right around 82 K average.
So one of his more cheaper buys here the last few months. Now there's two competing bills in U.S. Congress aiming to codify Trump's strategic Bitcoin reserve into law. So those will be interesting to track. We had Goldman Sachs acknowledge crypto in its annual shareholder letter for the first time ever in that 2024 letter that went out last week.
OK X pauses specs aggregator while it rolls out new security features coming out of this Lazarus hack and then Vanek filed for an AVAX ETF right ahead of the weekend In memes we just talked about leaders were green. I think the most interesting story in memes was Venmo. A Co founder says the Jelly Jelly token was a net positive. What? A fucking desert.
Map sign ups and community formation so maybe Internet or markets were not a a total disaster after all we may have to get into that in a minute and token AirDrop and protocol news pump fun tease the new launch on Vera chain. We don't know a whole lot else about that Swee is going to be the home of this code of joker games the digital trading card game based on Sega IP that's set to launch this summer.
Kaido had their Twitter hack. This seems to be like the new trend is these hackers are tweeting out more reasonable tweets and then shorting. We saw that that their token briefly drop and then rebound and then tempered. Wizards LED a strategic investment in Odin dot font. As action heats up over on Bitcoin, let's see NF TS big weekend for NF TS Sam Spratt's Mask of Lucy saw some pretty major success reaching an 8.5 E 4. I saw it $17,000 here this morning.
Sales as high is around 9.6. There was also an 88.8 ETH Skull of Lucy's sale. Are we going to talk about it? Huge winner of the weekend floor. It was a point O69 ETH mint I believe. Floors at .5. $1000 floor. Sales as high as 9.9 on A on a one O 1 so some big snails over there. So good vibes. The vibes are good. Well, there's a $2000 bid on my honorary. That's crazy. I just saw that. I'm not opening it, not getting it, but. I don't mind if you sell man, but but some of the.
That was so funny you reply to me. That was dire. Long term over short term it's. Cool. You know, if you want to sell, you can. Sure. I'm just, you know, I'm just not here for it. I'm here for a long time. Just waiting for someone to sell the Good Vibes Club honoree like they did in that camigos and everybody shames them. Remember when that amigos on raised one for like 10 eighth and if it was like attacking
him? I really even need someone to sell one just so I can laugh on the timeline. It's not going to be me. Oh my God. All right, Tyler, let's deal with NFTS, bro. I'm so happy NFTS are doing good. I want to talk about NFTS they make. There's isn't it so nice when NFTS run? I mean, Tyler, I should have, you know, mind though, Friday morning Tyler was pressuring me in public on the on the timeline saying you on the on the show saying buy a skull, buy a skull,
buy a skull. Here's what I did and somebody has skull. But please, I'm down 50% on that. No, we're like 30%, but the skull is up 3X. So I should have listened to Tyler. Tyler, take us through this weekend in NFTS because it's been pretty good. Yeah, the mass of Lucy, I had a gut feeling that these would perform well on secondary. I wasn't sure how how quickly that that run. What was big run? So the the mint price was 2.5 ETH. Granted ETH was a bit higher when I think these were closer
to like a $7500 mint. They revealed on Thursday the floor kind of opened right around 7 to $8000 and then Friday is when things really went nuts. Woke up Saturday morning to an $18,000 floor. So a quick 1 1/2 X for basically anyone who bought the floor in that first day. Day and a half of trading cooled off a little bit on Sunday. I'm looking at now it looks like there's one on Nifty listed at 17.
The next one's up closer to 19. But they also took over the timeline with like Sam was tweeting out masks. I think a lot of collectors were tweeting out there's as well and this seems like like a a win for for everyone. Like it's just positive vibes. It's it's good art. I think people, even if they aren't in the collection, are generally happy to see this. Yeah, of course. It's just showing the NFTS can have some some real success.
Again, it's been a while since we've seen one really run to. So that's an 88 and a half feet floor roughly, just assuming he's at 2K. 13.9 K No, it's 13 eighth. I had you there for a second. Just like your face, you're like second day. I know I that's that's. How they are awesome. I made a post this weekend saying I wasn't preparing the art. Obviously I'm not going to compare the hash mask to Sam's pass art. It's incomparable.
But what I was saying is last cycle we saw a mask themed NFT kind of like kind of tweeted too much. This weekend I saw that we saw like a mask team themed NFT run, which then led to like a giga run, right NFT. It was like before the crypto punk run. And then this year, this cycle, you have another mask themed NFT. I'm just saying history does What is it? History doesn't repeat it. Is it rhyming? I don't know.
You can't compare. You cannot compare Sam's Pratt to Hashback. This is uncomparable. It's also big, but I just just found the narrative funny, right? It's like masks, you know, mask NFTS, so. I do think these are going to slow down a little bit, right? I think like there was definitely some FOMO playing out and like that's kind of a little bit normal first few days of trading. I think, you know, I think a lot of folks who wanted a mask
probably have a mask now. So I think the pace of sales is going to slow down. I mean, 28 minutes ago it was 14.7 K sale. That's a listing. I'm sorry, I'm sorry. Let's see sale here. Let's move Listing 13 hours ago. Last sale $13,000. Three in the last day roughly. So they they've certainly slowed down a lot. This is on Open CI, don't know if they they tracked the Nifty gateway sales.
And I'm pretty sure Open C tracks everything like it's usually the yeah, I mean, here, let's, let's just see the real floor then. I think to trade you're. It's way more expensive on Nifty. To trade on open C you have to like export your NFT out of yeah. So it it might be different. I don't I don't know the details but. It's a big difference. It's so it's the $4000 floor price difference almost. So if you're buying, probably
buy an open seat. If you're huddling, you want to keep it on Nifty apparently, because Sam was like, you know, keep it on there if you want to, you know, stuff like that. So. Yeah, we don't know the speculation. So the the way Sam has done this previously is the skulls provided access to the player cards, player cards provided access to the masks.
So it's not a huge stretch to think, you know, perhaps the mask will will lead be an entry for whatever the next product is. With that said, the next product might be two years away. So like, right, right, Buy a mask. Because we we know Sam takes his time to do things mindfully in the right way, you know, and then there's the whole question of self custody versus, you know, Nifty's and exchange. It's up to you.
I trust them. I'm just saying like, you know, it's up to you also, whether you want or not to have somebody else hold your keys, right? That's all it is. So not your keys, but you get what I mean. So anyways, on that note, NFTS, NFTS, I mean gotta talk about good vibes club. I mean, I opened my timelines. Everybody's sweeping that shit. So it's like may as well talk about it. We talked about. Two NFTS on a Friday. We talked about masks and good vibes. And where are they?
See, look at this like it's pretty wild, $2000 offer on the honorary collection. That's not that's, that's small feat. That's not a small deal. You know, there's a bunch of them. They're nice, but let's go to the actual collection itself. So this is the one I have here. There you go. That's where they're. At here floor. Price 1000 flat. OK. So that's a little over half an Ethan. I I'm I'm so not used to doing this in USD terms. I know, I really don't like it. Let's just go to blur.
You know Openc, if you hear this. They're not Openc. If Openc hears this just it's fine to have in dollars for the normie appeal, but either put the Ethereum in parenthesis next to it or the other way around, or let me change the denomination. You know what I mean? That would be nice. I'm going to tell up and see after this, but let's go because my brain is still like conditioned OK here. Oh, it's on Blur? Interesting. I think 40. 50 only 1% point 4-5, so it's .5.
Yeah, I've seen them .53 on Magic Eden. Right now. No, you're right. There's one here. I doubt you can buy it. OK, OK. Wow. I. Missed a huge run right? I think they were like .15 on. Friday, yeah, on the show Friday I'm pretty sure it was like .2. So they're up a clean 150%. Oh, I'm sorry oh it's here, I'm sorry here you can change the the nomination Thank you to sneakerdad here you go .5 two wow so. So anyone who's bought these is up. So you've got that sentiment.
We're seeing people say that they like the art on these as well. I mean A7X for a minute. We haven't I mean, we're starting to I guess I was going to say we haven't seen this in a while, but we kind of have. So like OCH heroes this a couple weeks ago. So like the like the NFT market is not dead by by any means, right? Like this this month. We've had a handful of products where you could have minted got in Wow. .17 needs the bearish NFTS on abstract.
Those are up nicely, even though like to see the first season's over. They're hanging out at .38. Very few people are down on those really. Unless you just bought that. I've only seen positive sentiment around them on my timeline. I don't have any, but I've only seen positive sentiment. Abstracts doing well, we've got good vibes doing well. A lot of art this weekend. So a skull sold for 88.8? That was Bob Lucas. That's a weird skull. It was. It was stolen and all that
stuff. Yeah, you hate to see it, but you love to see it at the same time. You know what I mean? I. Think we saw an Autoglyph sell for 99? Three hoodie punks move this weekend. Yeah, there's one guy. Art of Conviction bought 2. They were, I mean, they were surprisingly cheap. So one was 134, which is only, which is 250 K, which of course in the grand scheme of things is a ton of money for a digital. I know, but in the collector I know what you mean.
That was the floor. Like at one point in time the floor was much higher than that. And then like this other hoodie was from 1:28. I mean, if you're rich as fuck and you're holding these for 10 years, you've made your money. In USD, see in USD terms I I like whoa shit, it's a nice one. That just sold for 68. Wow, that is fire. I'm a big wild, hairy guy myself. Yeah, it's big. You want to. PS My pulse. Oh, wild blondes. Those wild blondes are great. I love the blondes.
My only issue with some punks is some punks remind me too much of some people so I don't like the trades by default. Sure. I still ask you right here. Look at that cowboy Punk sold the these sold. This in East does feel low by the way. Yeah, definitely feels low in 8 terms. It's crazy that the guy did you see one of the guys he made money on East but he lost like 200 grand in dollars. Saw that as well. This was one of the hoodie punk sales Crazy. I was holding well Tyler.
Yeah, the the 472 K so Bitcoin still outperforming it here If the the punk Bitcoin spread that I love to come back too. Yeah, you love that spread. 15% down, but we're going to, you know, we know the day's going to come. We're going to see 20 punk sales. The ETH floor is holding extremely well if anything hasn't moved since. When like your your your buy is down in dollars. But in ETH you're even right. Yeah, I'd say I'm even and I haven't.
Another good indicator is I haven't seen a punk that I like more than the one I bought. I bought it like 41 or 42. Love your punk. Yeah, you got lucky. One come up cheaper than that so like I feel good. At 41, yeah. There's nothing under 41 that's nicer than yours at all. At all. You'd have to look. I love her, so I'd say 43 here. Love her. I just don't like that the shades on the femme punks are one pixel too high in my
opinion. Yeah, I I didn't notice that until you said it. Yeah, see here the male. See. It Yeah. It's on the ear and on the femme it's weirdly high, so that's one thing that really pisses me off. I don't know why. See here how nice they fall. This one's sick. I know it's the cringy hair, stringy hair and mole is not the most appealing, but it's a nice punk. I love punk's Tyler. God, they're. Fun to shop. For him, I've always wanted pigtail punk. It's my dream.
They're so cute, you know? I actually feel like so punks are fun to shop for and like I know I'm a little biased that I bought 2 masks now but like masks are also fun to shop for like they they actually are. You know, Tyler, last cycle art started this entire run. It was all started with art, not PFPS. It was art. And there's a reason why you're going back to art. It's it's all art. It was the art run. I got into the 5th through art. Not like it was the nifty
gateway run, right? It was the all the artists like the thank you acts of this world, etcetera, etcetera, etcetera, Art LED then board apes happened. The game changed forever and ever after and I think for the better actually it was a positive right, because also art ran with it. Speaking of art, it's happened again X copy. You may have not seen that, but I mean you and I both, but there was just a raffle and the raffle tickets or something already selling for 80th.
So these just posted about that. So I'm sure you'll cover it tomorrow. But Speaking of NFTS, you know, here you go last. Last copy raffle gave winners a chance to mint for two ETH edition of 42. Highest offer is 8.5 ETH. What's the name of this collection? I don't know because I just found Empire things. Empire things. This is a nice one I have to say one of the saddest things I had to do this not had to and have to but I sold in my edition. I wonder how much they go for now.
Remember I sold my. 42 Supply. The doomed? I wonder how much the doomed is going for now. X copy? That's not the right one. I wish searchability like was better. I would buy it back right now if it was like not too expensive. How do you find the X copies on? There are known origins. It's hard to find these things. The thing is, because they weren't on on top of this, Tyler, the platform shut down.
It was known Origin. So it's like how do you find I'm curious sneaker dad's in there probably listening still you would know. How do you find see items known origin. OK, so then you go see how tough it is still Tyler, you have to go X copy known origin. There you go. And then you go low to high. There it is. So there's one for sale 39 E. What's 39 E now I want it in dollars. That's so funny. The irony in dollars is 74. See, I sold it for way less than that.
Sold it for like 40 something. Yeah, that's my favorite next copy ever made, so. It's a good one. This Empire things is a nice addition and I will say I got my gripe maybe complaint I didn't love like the X copy editions from 2024 like remnants like they all felt very very similar and maybe just not my aesthetic. No, I feel that. This one's cool, dude. Do you want to like, I like when? And I'm going to sound super
like whatever. I like when an X copy looks hand in his copy, you know what I mean? Like even Sam, he's got a style. I want a Sam sprat. I want a Sam sprat. You know what I mean? So it's just the way I see things. But yeah, this one's really cool piece, dude. I like that a lot. Who gets this one? I think this will age well. Yeah, I love that Mando has too crazy one of ones. Yes, I think I was totally surprised, like one day, like he was just kind of pulled up like
the Canary collection. Like shit, these guys got into the R2. These guys had a ridiculous R collection at some point. They probably still have it, but it's nuts anyway. So aside from NFTS, I mean, you touched on a few things, Tyler, but we went around the one pretty well. There was some things. I think the Jelly Jelly story was interesting. Yeah. Fuck. You don't want to talk about it. We don't have to, no. It's fine, let's go. I have thoughts.
I I covered it in a newsletter this morning. So I I saw the I was scanning decrypts as I always do and I see this story Jelly Jelly founder calls meme coin a net positive. So basically, if folks don't remember I'm trying to fund his name, His name is escaping me. Lesson. He was cool. Lesson. Oh the Co founder? I thought you were telling the lesson, Guy Magden. Yeah, Magden Ismail, he, he's the, he's the founder of Jelly Jelly Co, founder of Venmo. So like, that's a pretty lofty
resume. Of course, like they, that's which is why this Jelly Jelly token ran to $250 million. But then it was peak meme coin mania, like what like a week after Trump, I forget the exact timeline and then swiftly reversed. End up going down something like 98%, hit 6,000,000. It was 14,000,000 this morning. But anyways, he's talking to the crypt saying he felt he thinks it's a positive. Says they've gotten 10,000 signups in a day. That that day they got 10,000
signups over time. That a genuine group has formed 2 to 3000 people in our Discord and Telegram. 50% of the user base are people that hold the coin. So like, this is a tricky one, right? This is really tricky to call because like just look at that. Let's put price action on the meme coin aside. Like if you launch a token or an entity and you get 10,000 sign ups and you get 2 to 3000 people that become actual core users. But they're not right? So that's, that's the nuance,
right? What do you mean they're not? They're not actually users. So the people signed up, they won based on the coin, right? Sure. I think we're going to agree to that. Yes. I want to know how many of the users are still using the thing. That's what you said like 2 to 3000. OK, first of all, it's completely users app. I'll just put it out there. Even that guy couldn't even explain what the app was that day on the Spaces. It was like, yeah, it's like a
podcast, This podcast. I'm never going to forget that Nobody wants a new social platform. It's it's crazy. Like, I don't know, I guess this one doesn't sit right with me. It never will. I hated it from day one. You know that. But. I think they they made a lot of mistakes early on, right? Like they had no, they didn't have a plan. It's. Like they were making fun of us the entire time.
So a lot of things went wrong, but I want to like if like what's if if price action played out differently. Like let's say this had slow grinded up like like let's say the chart looked like the please chart and. I have it handy here. The Jelly. The Jelly team got 10,000 sign ups and 2000 core users over a month. Are are we talking much more positively about Internet capital markets and using meme coins to build app communities? I do agree.
I think that tokens, OK, put it that way, this is as if I would have launched Myriad Token Day 0 and then claimed all the users are the other thing. Instead, you're building a product that people want to use, incentivizing and let's say with points. You could argue that there's points and then you go key. You'll teach at the right time, right place. These guys did the other way.
They launched a meme coin gas lit people thinking it's just a meme coin that has nothing else came into the space kind of laughed at us on that Twitter space is made a nothing burger. Casey Neistat warned them by the way on that Twitter spaces and they are claiming that it was a net positive and this and that at the detriment of thousands of people that got destroyed. Not a single person made money on this thing right.
That's I guess the difference in my opinion is that you don't have to launch meme coin ahead of time to bring attention. The Co founder of Venmo, if he's so such a big founder, right Tyler, you said like the resume speak for itself. I can't even knock down this man is more successful. I must say that will ever because maybe one day, but more successful than where I'm at now at today. And that's for sure all of them, but they didn't need to do that.
There's so many ways that you can attract the attention of the crypto community by embracing it because you know how we are in this space. We love when big founders acknowledge us. Oh look, he's talking about crypto. He could have gone on APR tour and a press tour and talked about Bitcoin and even meme coins or bought meme coins. Or actually he could have adopted different meme coins on Jelly Jelly that were popular
and gotten more users than that. Actually, as a matter of fact, I'm willing to bet anything that had he adopted meme coins on Jelly Jelly or talked about it, he had way more than 2000 users active right now and been part of it. You know what I mean, Tyler, That I think that's the way I see it. Like you don't have to launch a Beam coin and then pump it on Twitter Space is like a mad man for like 10 hours a day. Yeah, I think they definitely made some mistakes. I'm not here to defend them.
Yeah. No, no, no. I'm just trying to think back to this core concept, right? It's like we've seen this some kind of play out in the NFT space through a degree where you basically launch an NFT and then you build a company from there. Right. But and it's just different than mincoins.
He should have done Jelly Jelly NFTS sure, 10,000 Jelly Jelly NFTS sure actually slow slow grinded NFTS are a great way NFTS what I like about them Tyler a lot last cycle do a great way to crowdfund and to build something. Meme coins are not. We all know meme coins are a casino. How? Are they? I mean, but like aren't. They how are they different? Because NFTS are just tokens with that was the Kobe line Exactly.
Yeah, that question. Well, I'd argue that what you're seeing right now with the different projects shows that they're a little different. We'll see if I'm wrong, but I'd argue that, you know, I'd argue that NFTS right now, like och building a game around it. Look, I don't know what good vibes club's going to become, but no offense, the people good vibes club. Are you listening? It could be nothing in two months or it could be something, you know, Rodritos was an NFT company.
We still are at the core. We're always going to be sure you're pivoting a bit towards British markets etcetera. But then NFT still at the core of it, you, you know, there's, there's a lot of things that come out of that in my opinion that are different. I feel like NFTS has at least a a few dozen teams who are still building. Right. If you look at 2021, there's still some that came out of. That no E which is A is a very clear difference, right? It's harder to dump NFTS, you're
right, sneaker dad. It's also easier. I mean, when you wake up tomorrow, it's 90% down, I guarantee you. And I'm sorry, I'm still using Good Vibes Club because it's relevant, guys. I'm not trying to like pump a bag over whatever. It's just relevant. They're not going to just drop 90% overnight. Sure, if Good Vibes Club starts dumping, it'll dump slowly, but it's not going to go -99% because you can't just like rug liquidy pool or something like that, Tyler, you know what I mean?
Like not overnight. It could dump over months, but I don't think it's like dumping overnight. Even your masks, the Sam's Pratt, the stock are NFTS. Like sure, they went from 4K to 8K on the show the day to 18K this weekend. Now they're back to 13 K, but it's not like they're going to go from 18K to 5K from Saturday to Sunday morning. Would you say MOG has a team? Yes. And like, would you compare them to an? NFT project.
Like a top 30 NFT team. Yes, top five NFT team actually in terms of how hard they work and I know that because we've worked with them. They sponsored our Basil actuation, the sponsor consensus Hong Kong activation. So and I can tell you they operate like very well, like professionally. Yeah, Yeah, I saw going. To that down in Miami, I would agree. And even then, like it's still a good mark. I know it sucks. Went from 1.5 billion to 150 million or 200 million. It's like right now.
But if I had to bet on if I close my eyes and right now I make my let's say we're an extended bear market right now and I have to start nibbling into a meme coin that has a team. I'm picking that one almost 10 times out of 10. Even right now, Mog's market cap is 184,000,000. There you go. There are two NFT collection with a higher market cap than that. There you go. So there's that. They're out there. Well, it's possible, but like we still have many examples of it,
so I guess that's. But no, you're right. Yeah, it's tricky. What? Could have been, I don't. Have any answers on this one? It's just like it's an interesting discussion. Yeah, what could have been the best one for that example could have been D Gods. They had the token, the NFT, what could have been there could have been something that defies that say hey, like it's both NFT and meme. You know, it's like it's, you know, they, they could build
something around that. Let's see what red guy does. You know, red guy know tokens down bad because the mark is down bad. It's on the theorem because it's not worse because of that. Still have it. And you know, they're building a lot. OV hinted at some stuff this weekend again, so there's some examples, but at least out of NFC.
But these are meme 'cause that came out after the NFT was built, like Ovi built a community around, wrecked three years, launched a product, sold it out, and then launched a coin, you know what I mean? So yeah, so going back to Jelly, Jelly Fan, just think, see, there's so many ways to do things better than to just ship it. He does say that in the article 2° they're like, so I think the the author asked him the question like, would you raise
capital this way again? And they come out and say well it it's 0 sum. So probably not basically is what they said. So I think they did admit that maybe that wasn't the the single best approach. But yeah, definitely do not try to. There's so many. I mean, The thing is, OK, get it? If you're like a nothing burger, like nobody knows you, whatever the fuck, sure you got to carry attention. But these guys already have all
the attention in the world. So if meme coins are a way to capture attention, sure, you're right. This is true. So RNFTS but but Sam Lessin has 111,000 followers and he's got a huge newsletter and the guy, the other guy is the Co founder of Venmo. You know what I mean? They don't need attention. You know, they got all the attention. They got Casey Neistat, for what it's worth, all the Twitter spaces they want. You know what I mean?
Like there there was like that spaces was stacked with like San Francisco celebrities, you know, like like founders, startup founder celebrities, right? So I don't know, I just think there's better ways. So yeah, I'm never going to like that one no matter what. And I also think the app is completely useless. But but that's another conversation. It's like a podcast that's podcast me out FOMO hour. Podcast. Podcast. Yeah. So anyways, I know we're we're up on time.
Just realized this. Was there anything I missed or? Just like the Kaido hack real quick folks like if you are, if you are live trading these markets and you see a single tweet and it's like a surprising tweet for you, maybe don't rush to buy or sell like. Maybe the? Situation developed. I think it's worse right now because we've got so many citizen journalists out there and people trying to farm Kaido and trying to farm engagement
and clout. People are are reposting these things without having done any research of diligence to understand if it's real or not. So I, I saw that Kaido tweet and then the the account tweeted out that several of their wallets have been conflicted and the token started selling off. And I was watching. I was like, well, this, this, I don't know something. Barely right?
It the token wasn't dropping as much as like I would have expected if like one of the team wallets was actually exposed so. 120. Wait a little bit. I didn't tweet it. I saw several people tweet about it and then 10 minutes later several of the Kaido team members say, yeah, our account was hacked. We have full control over our wallets. So just just be careful out there and also if you're racing to to amplify potentially fake news, maybe take a breather.
Yeah, this is the way he goes. Fucking farmers. Also, like this is a new tactic that these hackers are using. So they're, I feel like we we would see people lose their CT accounts or get hacked and then it would be like some egregious. So like here's a, here's a token where. I want. This was a very normal tweet that like looked like it could be real, like they they weren't launching a new token. They were just talking about
some of the team laws. But the detective here's that they've gone short on perps markets. Whatever happened to Quacks I? Think they're still out there at the building are. They I was just trying to see there's a leaderboard. There's still not a leaderboard. Yeah. So I don't there's not anything to do like if you're trying to get some quacks, just tweet like you normally would and you'll accumulate some quacks and hopefully they'll turn into something at some point.
Yeah, it's, it's it's interesting anyways. All right. Well, look, I think we went around the horn pretty well today, but there's a lot I like this when there's a something, see NFTS bring that out though that we talked about something for like 20 minutes because the NFTS talk. See, this is good. I like that. So what are you talking about? The mean coins? Oh, this thing's up. Nothing's down. Cool. Awesome. Tyler, you got to fix the pre start. Dude, you had me buying the top.
So no, I didn't buy the top. I bought the almost top with tiny size just for five. I don't know. I got tired of saying I'm not in this one and now I am and I'm down. Fuck. It looked like we were going to keep printing that higher, higher level and then we. It all depends on the market, so let's kind of sit in the bed right now. Fucking 125. We'll see where we're at. I mean, there's always de risking also ahead of FOMC. You never know. Big myriad market.
A few hours left if you're in grief. Dude, that market's going to be a sweat, huh? Real sweat. This is you got a couple more hours, I think to put some to your bids in here and then and got some news for all you guys. We're going to launch like 10 markets this week for USCC. So expect a lot, expect March Madness, expect F1 in China and some fun stuff around Solana price total of three BTC ratios, geopolitics, geopolitics, Ukraine and Russia, some culture stuff.
So expect a lot of money markets. They're coming, they're coming. And they were hearing about the referrals. There was just a little tech problem in the back end that we're solving so that we can find and launch the referral program. So I'm really sorry about that, but it's coming. But things are cooking. Tyler, we crossed 8000 active traders this weekend. Yeah, we doubled the numbers in two days. So it's good. We're about to hit half $1,000,000 in USDC volume traded
today. So it's a it's big yeah, fear and green index. I don't know, Tyler. I'm really liking the no. 32 right now. It was at 30 yesterday. So if we dip to 82 K, we're probably going to 30. The question is like what? What would need to happen to to go below 30? Because the market is at 30 or higher, so the yes is 30, yes, 30 is a yes, 29 is a no. So the question is do we really go back to 30, see where do we go on there? I'm surprised at the 80% on the yes here Tyler like I think.
Well, third play, yes, Yeah. So that's why, because I think it's 30 is like a fairly safe backboard unless some fall off today. But if you see the wheels falling off, start nuking. Maybe go check that line. Definitely go check that out. All right, well, we'll be sure to check that line tomorrow morning. Teddy, I'm Easter Standard Time for the episode of FOMO Hour on my radio. Let's go.