Yo-yo, yo, what up? What up? Good morning. Good morning GMG. Oh yeah. Good day. October, October. Sorry, October 22nd, 2020. Look at that. Another beautiful day to have a beautiful day. I got my Co host in the house, Tyler Mando Ovi GMGM. How you guys doing today? Good morning. Jim, guys, good to be back. Doing well, guys. How are you? Hell yeah. Good to have you back, Ovie. I was in bed last, like, time or two times. You hosted the show. Oh, that was Blast.
Yeah, I wasn't. I wasn't there and the Blast TG And you were on with the boys. So good to have you here. Love Stretch? Thank you. I'm happy there. So yesterday, so Locks and I both decided that we're going to copy trade you. So basically yesterday I shaved 3 millimetres everywhere and I didn't shave my mustache. So it has already this thing. And then I'm going to go to a Barber and give it a try. I may give it a try. I'm like, I'm edging right now. OV, what do you think? Right.
Yeah. Copy trade. Yeah, it's, it's a cool look, I think, I mean, say to myself, but. I mean, I think I, I think it's great. I think it's great. I was thinking going to Barbara going to get like clean shade, leave the mustache going, you know, feeling that baby skin for the first time. So I was 16 years old. But I'm worried too, because I go live every morning on the record on video. So you know it, I can't fuck it
up, you know what I mean? So, you know, maybe it isn't the AI that can tell me what I look like without it. I don't know. Mando, what's up? Mando's got a shirt on. You know it's a big day. Easy man. So I was so busy at the moment. Where are you at right now? You don't look like you're home. No, I'm in London. Oh, I. Can't believe I missed you in Portugal. Dude, I come to Portugal once a year and you're not there. Sorry, man. Yeah, I know, I know. It's OK. Don't worry about it.
Looks like we're actually moving there for real this time. Tyler, what's up? Good morning. How you doing? I'll. See it when I when I well, I believe you. Believe it. You see it. All right, All right. Well, let me tell you something, you know, the homies are definitely hooking me up with the lawyers and everything right now. I got to reach out to you for that. But I. Might I might I might have to join you guys think I'm I think I'm maybe done with the UK,
London and the UKI. Saw your recent tweets, looks like you're like I saw that big rant, you know, looks like you're fully done with the UK. What's going on? Just just sick of so many things. I this is not going to be Auk ranting show because I would spend way too long doing it. But I think I'm I think I'm finally going to be on the move. I would say before the end of the year. Let's see. You should on my end locks got the go from his wifey and the kids. So he's good and we're good and
Elan as well. So looks like looks like we we may move there. Hearing that everyone's to move out, hearing that Sam's could make the trip out a lot. So we're and we just you know, I don't want to front run announcement stuff, but we we have some stuff cooking in Portugal. So it looks like we're we're definitely setting ourselves up for, for, for, for that move. Tyler, Tyler, good morning. How you doing? I'm good. This gorgeous weather here in Chicago and you know, we're in the shakeout.
I think we're in the final shakeout before the breakout, so I'm getting hyped for that. Let's see, I mean, every dip keeps getting bought out. I'm sure we'll talk about it. So today on the show today, today, market report as usual, macro, all that good stuff. Definitely want to chat some markets with Ovie. Haven't had him in a minute. See what your thoughts are. Saw some tweets of yours recently, so if you want to dig into them, Tyler's top 1000.
Let's see what Tyler's got in store for us. We've got all things wrecked. So Ovie's obviously we're going to chat some market stuff with Ovie in a sense his thoughts right now, but we're definitely going to get into all things wrecked. I mean, Tam wreck Coin tweeted this morning. A little cigarette couple lying on that saw that. So that Raoul Powell banana zone art piece, you know, records now I've seen a bunch of stuff there. See the wreck drinks.
I saw one of my team members actually received the wreck drink today by the mail. Think it was EV love to see that. We're seeing a lot of wrecked on our timeline right now. So definitely want to talk about that. Then last but not least, we'll have a robot, a giveaway. I don't know if y'all saw the first one since the punk. So that's some very big shoes to fill for me because I wasn't there for that one. But we've got spiral gremlins in there. We've got my ladies, we've got project A on.
We put an RLD in there, the last RLD at two weeks and then they like jumped to 15 eighth and then and then and then, you know, some punks as usual. And the last but not least, this show is powered by Galaxies. With seamless built in monetization tools, Galaxies enables development of sustainable long term communities, fulfilling Bitcoin's vision of the centralized freedom and independence from centralized control. Mando Mando with the shirt on. Tell us more about this market,
can you dig it? Yeah, it feels terrible, but it actually really isn't right. Like, zoom out a little bit. It feels like we're in a decent spot still. Bitcoin's still hanging out above 67 K You have Solana been outperforming for the last few sessions. That's at 168 right now. Yeah. So that's kind of even up on the day actually, I think over the last 24 hours at least. So it's it's kind of kind of interesting ETH underperforming again.
I think it's the highest ever close for Sol Leith happened yesterday, I think. So yeah. That, that keeps them going in terms of what's hot in, in activity. I, I, I mean the mean coins just feel so like they're no longer left curve. That's like what everything everyone's doing at the moment. It does feel as though the the focus is shifting or continuing to shift away from cults and into just like AI various
different things. It feels like there was that sell off briefly in in GOAT which is now kind of fully reversed and a few of the other AI meme coins around there are doing OK. I think ACT is the other one which is like the one of the first coins. Whoa, whoa, whoa, whoa. Yes. Is that I got a call. And all the all the Murad coins are kind of losing a little bit of focus.
I think just a lot of stuff is happening in AI and AI agents over the last month and it's really picked up in the last week or so. So a bunch of different that intersection between AI and crypto seems to be happening. I think. I think the with the reasoning with the ChatGPT, where is OI or whatever it's called, the reasoning one, you've now got a bunch of these sort of bots, which you're able to do a lot more, it feels like and you're
able to give them like tasks. So that's kind of how truth terminal I think has come about, like this sort of machine learning broad task that they're given and that's being applied to various different things in crypto. And I think crypto, I put it out today as a tweet, but just that because it's just like it's much easier for AI to interact with than other forms of currency. They're able to do like economic
things basically. So we're starting to see that sort of intersection take off and I'm seeing a lot more of that sort of being talked about on the timeline. Yeah, looks like we got a big open on the burgers market man, though, because as soon as like 930 hit around that time, we had a little dip for that to show. And then just like all the dailies turn green for now. Of course, we'll see. So I don't know what it is. Yeah, pretty much.
I mean, the inflows, the inflows have been insane, right? Like I think we saw new highs and what was it? I saw some some news about this, but BlackRock and how much Bitcoin they bought like yesterday and they like in the past couple of days just been insane, right? The inflows contain to be very, very. Strong, yeah. No, that is not hot, hot, not letting up. It just feels as though Bitcoin is increasingly becoming one of the the most consensus trades.
Now we're not even consensus, like it's starting to pick up as a trade that people are looking at into the election. Yeah, yeah, it's looking good. I mean, the election is wow, we're So what is it, 2 weeks? Two weeks. Yeah. Two weeks today, I think. Wow two weeks today wow we're we're almost there. Shit is starting to get hot over there, so we'll see and we're at bitcoin's currently say a 67475 ish. So 168 theorems are about 2200. Just kidding. But you know wouldn't be a surprise.
I wouldn't surprise anyone here yeah, that took everybody a second here, so you can tell it wouldn't surprise anyone. It looks like the top gainers actually top Guinness in popcat. That thing is ripping nonstop, which is actually wild. So some of the memes, but you're right, the Murad memes not great, but we'll leave that up to to Tyler. I'm sure he's going to do his daily Murad memes update. Ovi curious. I mean, how, how, how how's your
trading been lately? And and you know, what do you what do you think of of the market overall here as we head into the elections? I saw you do a poll I think recently asking people if they're flat selling or risk, you know, putting more risk before they elections. Like how do you feel about the mark in general here in Q4? Yeah, look, my thought was always that we would rally, gonna stop there. It's kind of funny for dramatic effect, but my, my thought was we're always going to.
My thought was we're always going to rally into elections. And so I bought a lot of risk at the beginning of September because I was like, it's a 5050 chance of Trump wins or loses, and it's a very positive EV bet to take. Obviously, since the beginning of September, we rallied a lot. So my God, my plan was always to let buy then sell a little bit before elections. And just because the capital gains taxes are probably going to increase in the UK after the
end of this month as well. So the end of this month was my plan to basically just like take some risk off. But obviously Trump odds have risen quite substantially since then. And I do think if he wins, we will see like a big rally in crypto. Whether that's like the moment you meant to sell or not, I'm still not sure. I think it probably is, but it still feels like even at examples.
And plus you've had the whole Morad thing as well, which I think has really injected some new life into meme coins and actually made like, you know, my worry about meme coins before was that just like there's new shit every week and just the old stuff couldn't really rally. Whereas Morad's thesis has at least enabled a core set of coins to to rally on their own merits despite increasing supply every single day.
So based on all that, I'm kind of inclined to just, you know, fucking Yolo into elections and see what happens. And the problem is I think most people are doing that. So if we if he loses and we'll probably see this big Wick down, which I think actually does get bought up anyway. But yeah, I just think if we get a Trump win, you should really expect to see crypto higher on day one.
Then we maybe see some consolidation and then I think we progress higher towards and through the end of this year. And I don't know, like I'm in two minor because I was like, you know, I should sell, stick to the plan and take some profits. But you know, we could be staring at like a big, big, maybe not quite generational, but a big, big meaningful opportunity for the next few months to come. And I just don't want to miss
out on that. I think like I'd rather round at the center rather round trip than miss out on it. I think like I'm prepared, mentally prepared for a round trip. I'm not mentally prepared to miss out on it. Yeah. I mean, it's looking good when you see that you've you put some risk on like what, what are you obviously like I mean. What do you what do you like? Like like I just bought, I'd taken profit some mog earlier this year and then I just bought
mog. It's the only time this year I've managed to actually buy something at the Lowe's, but I bought it at like a. Three, you bought it here. Yeah, right there. Basically, I just put a bunch of money into that and I guess it's been a, it's been a good one. Obviously there's been other coins that have returned higher amounts and there's been tons of 100 XS and stuff out there that I haven't just really been involved in.
But my, my thought was like, I don't have a lot of time to be in the trenches and trade stuff right now just because I've been focused on the rec stuff. So I just wanted a coin that I felt was proven over time that had been through multiple drawdowns and, you know, that had a strong sustainable community and where I could put in like a large amount without feeling I'm going to get rugged. And so that's the one I picked.
All right, love to love to see that it's definitely feels like this time to be a little more risk on but we'll see what we get. I mean, Tyler, I saw you share that tweet from from Bob Lucas, which I can't want to bring it up here. Actually curious your thoughts all of you on on what's on what you make of that Bob Lucas saying push up, shake out, break out BTC. The consolidation is coming to an end late December, Max, but likely much sooner. Tyler, what do you think here?
Are you are you going to wait for that for that 62 K Kelia, or are you, are you going to go in earlier? Because I saw cool Blood Schiller post a tweet regarding that saying that everybody's going to wait for 6263 going to get sidelined and then they're going to buy it above 70. So what do you think here? Yeah, who knows if we get it. I don't go levered long very often, but if we got there, I think I would be looking hard and maybe levered up on Bitcoin
a bit at 62 ish. Yeah, we're really going to see another 10% from there. I mean, of course, anything's possible, but I don't think 1 looks good. It's printing the higher, higher lows, higher highs. It really feels like we're finally here. I think Mando's been saying it for months, right? It's, you know, shops all day into the election and then we move up and then and now we're there two weeks away. So strong outlook here. Love that, love that.
There you go. We inspired over to send a tweet out. My plan was to take some profits now ahead of elections, but I'm going to let it ride. I'm mentally prepared to round trip. I'm not mentally prepared to miss out on a bigger move, higher. Mando, what do you think of this? How are you? I mean, you're you're pretty well positioned, but you were talking about Tao a lot. This whole AI stuff. I mean, it's happening. Does that flow back?
Actually a question for you. Could you talk about potential law on the show and being positioned in there? Do you think all this AI memes and this narrative flows back to Tao? I don't like a lot of the AI coins that have come out of this recent move. Like I don't apart from like memes like GOAT. I don't know if I'm like Oh my God this is such a good meme towel actually feels like slightly different.
What I think is that you are starting to see a lot more AI agents, which is actually different to what Tao does as well. Like Tao is not not about that. It's about improving the, the, the training data for LLMS and machine learning models. It's actually a quite different.
What I think you'll, you'll see now it's just like like imagine an AI bot that does payments for you, you know, like at rug radio, you could be like, hey, can you send it to these, all these people at this time each month, like can you build a schedule for us? Or you could have one And do you say to it, Hey, could you trade a, could you trade meme coins
for me? Could you trade like could you trade the top 20 coins right now based on technical indicators that you've researched, I think we're going to start to see bots like this. You're starting to see it already with like content, but I think you're now going to start seeing them being able to just like do economic activities a
lot more. I'm not too sure if it's a lap or not, but what you've already said to see with this, with this fund coin, if you saw this over the last 24 hours, but did you see this frog? No. What is it? It's called. Solana and filtered by volume. It's the number one volume coin. And on deck Screener wait. On deck, Solana, Yeah. Terminal Terminal fun is now just trading meme coins.
It's unclear whether it's whether it's like just a laugh or not, but I think we'll start to see this sort of stuff. Basically, I think it's up to see AI agents which are able to just do things for you. Anything that you've been doing on chain, I think that you like now that you have these like reasoning level LLMS, I think they're able to do a lot of this stuff. And I think we're already just type in AI agents into Google or type type into X.
Right now. It is exploding the amount of stuff that people are now trying to do with this stuff. I think there was something out which is that from Kaito, you know that that sentiment says AI agents of on CT are ramping up wait until behind they're behind most on chain activity too. I kind of agree with this sentiment. I think we're now discussed starts to see the numbers of differences too. But but yeah, like this is tons. This is. Crazy. Look at that. Here's a list of everything that
happened in AI agents this week. Wow, this. Is a lot. This is broader tech, but you're now starting to see them in crypto a lot more because because AI agents, you know, they can't really have their own bank account and they can't really have like they may be out of work alongside some of the SWIFT payment routes if you give them like a like a revolute account or. AI have those. Yeah, look at. This. I have those, I have those, I have those. I have three of those.
Hold on. How much are these worth now? I top ticked it and then they went down like 80%. You're telling me they're back? They're back a bit. Nice. Guys forever. Nice. You've got AI agents, is a buzzword in your description. You're probably up. Yeah, I mean, because you did it way back, right? But Tyler, Speaking of which, you've been tweeting about this stuff a lot. What's this thing? So this is virtual's protocol, it's on base. And this is where it's a marketplace where you can trade
AI agents. You can create AI agents if you're a tech savvy and then have people buy them off of you. And then if you're just a speculator, you can, you know, buy and trade them and they've got tokens tied to them. So this Luna is the primary AI agent. Like you can interact. If you go to Luna, like you, you can go to its page and there's like a video chat bot that you can interact with it. It's the leader.
It's up 300% / 47 million, pretty much everything on the board up somewhere between 2:00 and 30X. It, it does start to like kind of raise the question of like the bubble and, and mania because I agree there's, there's a, there will be marketplaces for AI agents. There's a good chance like a lot of savvy people will be using them if they're not already. They're not going to be paying. I don't know if they're all worth $1,000,000. Yeah, this, this, this is the stuff that I wouldn't buy.
I just think that you're going to see everyone have this sort of thing, like we're going to see a progression of what we just saw with you're starting to see some, some like AI bots on the centralized exchanges. So like if on Vibe it's expensive experimenting with them a lot, like you can give them certain tasks. I think finance has been exploring a few of these things as well. Like you can say, hey, do this for me. I think you're going to start to see on chain versions of that.
Yeah, we're actually talking about implementing agents in Tamaria since last week. So it was interesting. I've met a few people it. Exploded I. Think Elon and Lux, obviously they're the one on top of our product in tech. So it's not really me. So I don't know much more about this, but I know that we had a conversation in Portugal about this and, and how you can use them within the prediction market when when we go live and everything in terms of like the public version.
So it's, it's definitely like talk of the moment. We'll see how people like use them, include them. But again, I'd be worried buying every single AIAI meme coin out there. I don't think that Meme coins, yeah. Like the meme coin? Aspect of it a little. Bit. And I think that even the terminal of fun coin, right, it's the terminal of fun coin, I think is getting a percentage of the gains of the terminal of fun. Like that's, that's the value proposition, that's terminal the
story. At least is interesting. I can tell it real quick. So Terminal fun is an AI agent that trades punk fun coins and it was having a lot of success last night. It was publicly trading them and people were tailing its plays. So of course the tokens were doing well and the AI agent was very profitable. I think it made like 700 sole in a few hours last night. And then the the creator, I think changed the mechanism where when it's making profits, it's going to start buying and
burning the fun token. So folks like that, but it pumped to 10 million overnight. It's down a bit. I think, you know, questions of how sustainable that model is. But cool idea. And I think the keys are just accelerating, like more and more of these are coming out every single day and it's becoming a lot to keep up with. Yeah, it's definitely a lot. So I guess we'll see where that takes U.S. market wise. Let's see where we go. Let's let's play a little like guessing game here.
Where do you guys think we find the next tips bottom? What do you guys think? We're going this time? Kaleo is calling 62. I think some people are saying 60. I think Persian traders are going 6465. What do you think? When do you when? When do we resume up only here? I just feel like that's the wrong question to ask. Like genuinely, I feel like if you're really sitting there waiting for 67 K to 64 or 63. Or 60K like. You're just asking the wrong question.
I feel like a lot of these people have maybe missed it and you're like waiting for the perfect time to get in. Like we're going to go high. Like I, I, I, I think we may be in and around, we're going to touch all time highs or around all time highs around the election and then I think we're going to break out. Afterwards, two weeks away, 1414
days till the US elections. Like I just it's not a it's not a question for me if it's like every man, it's like not about whether we go down to 65 or 62. Like I just, there's really no doubt in my mind that we're in between now and the next 14 days where we are higher than where we are now, if not at all time high prior to elections. Love it, love it. Totally agree with that. So anyways, it's right here.
It's right now it's very soon looks like this Poly market odds man are starting to really be crazy compared to the compared. So actually Tyler, the question Nate Silver, where where's he at right now? Because that's what you've been comparing it to. I was just looking at he's at 5347 so or Trump for Trump. Oh, so Trump has pulled ahead, yes, but still a coin flip and he keeps pointing to it's like lack of like like it's all coming back to the polling data
and what can you trust in 2024? A lot of models are building assumptions for how polls ended up being with respect to the actual results in 2016 and 2020. Super small sample sizes for this. I think my my point being so close, I don't I don't it feels too far. I think Polly Mark has gone too far on Trump. Like I don't like, I don't think he's. Hold on you. You tried to tell me that I didn't reverse closer. Than odds. I feel like it's closer than that.
Like Vibes and Twitter might tell you it's like that, but I I think the data tells a slightly different story. I reverse the odds. It's all. Around Pennsylvania. Pennsylvania is a literal coin flip. Pennsylvania is 5050. Dude, this is wild though 63736 too, like from a trading perspective, like I could dabble into some Harris right now if I was trading, you know what I mean? Yeah. It's not an like. You could see this. Going up a bit, it's never been
like this. Like you look back on all the previous elections, it's always been really tight. This is this is definitely one pulling it weirdly. Actually, at one stage, I think Hillary was quite ahead of Trump right before the election, but like when the 1st results came in on the election, I remember that. But this is like him pulling ahead. I do think he's played a blinder in the last couple of weeks.
Like I think he's done that. That speech or that event that he did in New York, I think went down very well. It was a funny ass speech by the way. I watched him I think. McDonald saying it's going down, but like definitely, I see what he's doing, you know what I mean? Like I he's, he's, he's like grabbing the, he's grabbing the attention.
I think in in quite a good way. But I think it's probably, I don't know, man, part of me thinks that, yeah, like maybe this just continues to go higher. Twitter is not the best place to get your information, I don't
think. Of course not, no. And he's definitely going on quite a actually I saw a tweet from John Shahid this morning saying JD Vance on Full Stand podcast, Trump on Theo Von, Kyle speaks the Trump rally, Trump on Full Stand, Trump on Undertaker podcast, a day with Trump on Elbow's channel, JD Vance on Theo Von. Then it looks like they had like another one I saw in the reply, yeah, Theo was on Vance. Then you had like, they're really playing that game, it seems.
And the McDonald's thing on Come on, 60th birthday, 60th birthday. I think that was it. And then that like comical skit there was just honestly, actually, if Trump doesn't win this elections, he should go into like comedy, like stand up comedy because he's so funny. I, I like to spend a Thanksgiving dinner with this guy. This guy's pure comedy anyways,
right? I always just like, he just cracks me up. Anyways, listen, let's go to Tyler's top 100 and let's go. Let's chat all things wrecked with Obi because I, I know a lot of people are excited to see what he's got going up. Tyler D on FOMO Hour calls the. Kids hand. Yeah, I'll give us a quick rundown. One of the top stories, Magic Eden founder Jack Lew. He shared their vision for Magic Eden becoming a one stop shop for all digital assets, not just
NFTS. This comes after they finally flipped open C in users over the last year for the first time ever in their history. So big milestone for Magic Eden. In other macro headlines, Ripple's founder Chris Larson donated $10 million in XRP to the Kamala Harris campaign, going against most of the Crypto X consensus. We saw the Minneapolis Fed president shares some negative sentiment towards crypto in a town hall in Wisconsin yesterday, saying it's almost never used outside of illicit
activities. So he's got some bad information there. Then we saw Chain Link partnered with some financial giants like Swift and Franklin Templeton to automate and standardize corporate actions, data in protocol and token news. Pump Fund sold 40,000 Seoul on Monday. It brought their total revenue to 969,000. Seoul 100. 52,000,000. They are raking in the revenue. They've sold about 80 million of that about. 50. Of the soul they've brought in
so a lot of cell pressure there. AVAX shared metrics from off the grids reach spanning 79 million transactions across nearly 8 million on chain wallets. It's a big, big reach from off the grid. And Avalanche also introduced the Avalanche card, allowing users to spend against the USDCAVAX holdings and more. Scroll announced just 7% of its Scroll token supply will be distributed in its first AirDrop with 570,000 wallets eligible. Some disappointment there.
We talked about the virtual protocol AI agent Luna. She launched Sentient mode 2 point O to help pump the token to $40 million. Eight chains, first top trader tournament in the DSD. It's in the books top prize of $20,000. Twelve 1008 now daily tournaments running over there and memes and NFTS Mando covered of AI memes dominating volume led by Fun, Goat Slop and Genon. Most meme leaders were red on the day.
The Maraud Index is red. Pop cat, though popping this morning back over the 40. Janet and Fun were top movers on the day, Flock at 250 million, GOAT back at 450 million. So still some some big positive stories out there. And NFTS Board apes and mutants receive shadow tokens of their NFTS on ape chain. So now board ape holders will have their own counterpart over on ape chain, but it is soul
bound, not tradable. And then Pudgy Penguins teased another major new retail partner following Walmart and Target. So that will be a story to watch. And that is the rundown. All right, I, I love that Quickly, Tyler, this pumps on numbers, guys, this is absolutely insane. What they've made $200 million in revenue, right? Is that? Is that what it is? They're watched, yeah. They've sold about half of it. And I, I think we, we all have
questions. So like it clearly peaked, you know, in the in July, right And then it like a pretty big dip into August. I think. I was kind of skeptical if, if it would come back or if it would come back anytime soon. I did not expect it to come back as fast and then go to new all time highs. I mean they're doing 10,000 sole per day in fees. Golly, that's crazy. And it's just going up. That's just crazy. It's insane. It raises the question like, how long is that sustainable?
I mean, there's actually how you know how this shakes out. Like I guess it depends on the elections and stuff, but someone's going to come after them, right? Like you've, you've created a platform where people can launch coins. Like it just feels like if you have this current regulatory environment, how much it's going to be a bit dicey. I think there's two.
Sides to this though, I think looking at their revenues, how much soul do you think has been now locked up in burnt LP pools of all the different coins that have been launched on pump phone? Is there? I reckon it's more than 200 million. So let's find out like is there I? Actually think Pump Fun is interestingly like it. It puts a lot of coins in in burnt LP pools which no one can ever touch again, right? So it looks like there's been about 2.62 point 6,000,000 coins.
So I'm trying to find out So 2.6 million coins since he's having kid who graduate. So 2. How many of them graduated though? Yeah. Doesn't matter like some of them have gone up and down like remember like Seoul goes into the pool. So I don't think it's basically as bad as as open C for example. Like in this way, you actually get quite a lot of Seoul locked up and which will never, yeah, I'll never be touched again. So I think net net is a much smaller figure and it may even be positive.
I see what you mean. I see you mean like everyone is saying, hey, they're taking all this soil off and selling it into cash. But same time what people are not talking about is that they are locking up so much. So because of how much LP is LP is being burnt from people participating in the pump funds, that's what you're saying? Yeah, I mean, it's not. I don't think it's like praise to pump fun. No, it's what I'm saying.
You're good business model. Hey dude, I don't have a business with 400 million a year, you know what I mean? You know what? I mean that that that Sol is being a lot of Sol is being locked up in these LP's. Is Solana ultrasound money? Yeah. It might be, I don't know if this is like a a net burn impact on Solana given how much is going into the into the LP's. I wonder if anyone has that I don't. Know how big the LP? One of the biggest pump funk
coins like. The biggest pump funk coins is Mitchy right now, right or how do you see again it's it's. 6,000,000. Oh no, it's goat. It's goat. Goat Was Mitchy's above flog? What the fuck is above? Flog. Yeah, dude, look at this. Is that because it was on the Mirad list? There's a Oh no, it's. Not I'm sorry, I don't know why pump font has a second.
OK. Sorry, so all of these have like which is 163 to 4 million of of locked up and for a lot of these coins they were much higher at one stage, right? I mean, let's see how much it's got. Like goat has seven mil locked up, fog has you have to halve. It right because half of that is the native. .6612 and seven between them, like 20 something plus divided by half, so that between that like 10-12 million locked up. That's just three tokens. Yeah. Interesting. I think it's a lot, yeah.
Interesting. Yeah, that is a good point, Tyler. What else? What what were some of the of the of the of the big ones? Yeah. I mean, everything in the AI world, I mean, coins was the top story. I think we we've hit that pretty, pretty hard that the magic Eden news was interesting. Once they have I I think we anyone who's been following the space knows they they'd flipped open C on like the one month and three months. Now they've done it on on the one year.
They're also the top volume decks on the past six months ahead of blur at #2 there. So so they're winning in volume. Then yesterday Jack Lew, their their CEO and Co founder, came out and kind of shared their their vision for the near future. I think a few interesting takeaways. They're leaning into user experience going mobile native. They want all assets, all chains within their their one Magic Eden app. So they're going to have support for 10 chains by the end of this
year. And again, looking to expand beyond just NFTS to to all types of tokens. They're going to start running community feedback sessions to get more feedback on the product and ensure transparency. And then they also committed for the Magic Eden founders tokens whenever that token launches to have those locked up for at least 18 months. So I think a positive update, not like earth shattering news on on any of those fronts.
But I mean, for upcoming air drops that most folks in our audience and the broader CT that may have a shot to a participated in, it might be getting some tokens. It's Magic Eden, an enemy tokens, one of the bigger air drops on everyone's radar. And it looks like maybe those diamonds might be more valuable than folks thought a few months back. Yeah. If they wanted to follow. You're right, there's a lot coming up. I mean, did you got Pump Fun
token as well? I think that there's always some, some, some Twitter Spaces leak, not leak, but you know, like a recording that went out. You have Magic Eden, you have a few of them coming up. There's a lot of TGS, dude. In Q4, in Q1 like that, there's like 100. There's like 100 plus TGS on the way. So where did pump fun token trade like 1X annual revenue? It trades like 200 million. I think higher. What do we think? Most of the casino tokens trade around there, right? What do you?
Think I think it's higher just because every DGM will be like I've got our own pumped up fund, so the multiple is just going to be a stupid multiple. I think in my opinion, it'd be north of a billion dollars just because everyone's going to, just because, just because, like it's. Probably also going to be called the pump token. It's good. It's good Ticker. Yeah, ticker pump has to go to like do. They are they launching a token? Do they launch a token? Like I don't need, I don't need to.
I mean they're making shit ton of money already. Why increase their regulatory list? They confirmed that. No, Tyler. They said it on the spaces, they said again on Spaces this weekend. So some of the major, you know, media comments went with it. Alan, I interviewed Alan like 5 months ago and he said that was in the works. So they they've been talking about this for a long time. I talked to him about him coming on the show, he was trying to get like a voice changers thing going on.
So I think now they're over the voice changing shit. So I'll message him, let's get him on the show. Let's ask him one token face to face. Mando, what do you think? Pump Fung would open that. I mean, they've made 200 million in six months or nine months it it could have a very high valuation. Yeah. It depends what they do with it, right? It really depends. Do they make that the equity or do they not? Like I really don't see why they need the token.
Like I really don't. Yeah, I guess we'll see what happens and not from anyways, that's a good roundup. Love to see this just quickly before we get to over here rafflebot dot XYZ we're back. We're back with the bots rafflebot dot XYZ shot DJ for building this. The code today is wrecked. So just go there and you put in wrecked is the code rafflebot dot XYZ and we'll talk about that that we added a couple rules to that. We'll talk about it later. But anyways, anyways, I know a
lot of you are waiting for this. Let's talk about OV and let's talk about with OV about all daily market report brought to you by Rug Radio. What's the word? Oh, yeah. I just have to play the Jingle. You know they want to play thoroughly played it now because people were asking for it. Ovi mean dude, you're all over my timeline between rec brands, rec drinks, red coin, your Red Bull Racing collaboration, which by the way is sick. I mean, how you been, dude? You're like, you're like all
over the place. Seems like a you're cooking. Yeah, it's been really busy. Like I've been so busy I've barely even looked at prices. Like today before coming on the show, I was like, fuck, I don't even know where Bitcoin and ether don't even know like what my bags are doing. It's it's been one of those environments.
I haven't really felt like this since like since we launched wreck guy like two years ago or something like that, where just really been in like less and like DJN trenches mode and more. And just like I hate, I hate the term founder and builder mode, but essentially that's the truth. That's what I've been doing the last few weeks and months really, to be honest with you. Yeah, I know. I love it. I mean, founder mode is is the best mode and absolutely love to see that.
So Obi, why don't you, you know, you've been teasing you. You've been teasing a lot. I saw there's a critical meeting on on Friday. I saw that everybody was super hyped about it. I mean, every time there's an announcement for wrecked, the rock radio team chat goes goes lively and we get a that's how I find out, you know, burn and between all of them, I get to I get to see everything. But you know, when, what's all that? When, when launch? Well, when?
What's going on here? Yeah, look, we are going to be launching a lot of shit in in the next few weeks, starting with our drinks launch, which will go go on for sale very,
very soon. And yeah, we're just going to have a very important critical meeting that I will be called with Rat guy holders in our Discord that who need to be briefed on, on on their role and their part in, in everything that we're about to do. So I just felt like, you know, we don't, I know you guys, you guys, for example, do a lot of town halls and other projects do very have very high touch mechanisms in terms of speaking with the community and all that
kind of stuff. And we don't really do that, you know, like we've we've really been building behind closed doors for the last 12 months. And my only interaction with the community is from the stuff we chat about in the Discord, which is usually just like memes and banter. And sometimes I put random shit in my art, like messages and stuff. And that's really it. Like we haven't really, I haven't addressed our community on anything that we've been building or doing in a direct
fashion yet. So yeah, I just felt like, hey, we want this. We want to have this big meeting before we launch everything. And I just want to, I just want every ret guy and everyone who's been part of this community for the last 2-3 years or even new people who've come on to. Get that feeling in their balls, get the same feeling in their balls that I have. So the main plan is to really just get people that feeling in their balls from from this meeting. That's the main plan.
As I love that balls definitely tingling here. You love to see that I mean all your holders are shareholders, right? So it's important for them to, it's almost like a board, like a shareholder meeting you're having in the. Yeah, yeah. It's not an official shareholder meeting, but you know, it's definitely everyone. I'd like to think everyone who is going to be part of that meeting is going to have a stake in in everything that we're doing so.
Love that love love that so rec drinks are finally launching they're great. I saw a lot of people receive them already in the last 10 last three years or today was it do you get you guys have been doing a really successful farming campaign. I saw that you're fucking cooking on that front. I love. It, I mean, it took off more than we expected it to and we had some like load issues the last two or three weeks which
are now fixed. But yeah, we, I mean, we have about 150,000 users on it and yeah, so we have quite a lot. So, you know, obviously there's going to be some bots and stuff and we'll be doing the work to filter them out. But even Despite that, we have pretty large amount of Daus. So yeah, it's going to be, I think it's going to be bigger than we think it is and perhaps bigger than what other people
think. But it's been a low key like pretty aggressive farming thing that's been happening over the last few weeks. And there's a lot of people signed up who are very active and obviously our entire community. But you know, we've on board at other communities. We had gave bonus points to rug radio, Girasan, Pudgy Penguins, you know, Red Bull philosophy, plus lots, lots of other communities meme coins as well,
all the big meme coins. So I'd like to think, and I hope we've captured a nice slice of what I deem to be like the most valuable part of of CT and the NFT space. And yeah, people have been act pretty active farming in in in large numbers. So we'll see. We'll see what that translates to, I guess. That is impressive dude. 150,000 people that I like the way you guys have been approaching this GTM.
So it's been really cool. So did you get like, are you going to get drag point, drag points or like on rec rewards for purchasing drinks? Like is that how it's going to work? Like what? You just buy the drink and like you get points for doing that. Yeah, exactly. So right now you get drank points for doing all the various social quests we have. And if you create content, you get drank points as well. But you're going to get a lot of drank points for purchasing
drinks. So when we launch them, we'll tell you how many drank points per purchase, etcetera. And you're just going to be able to purchase them straight from our website recdrinks.com or the OR the rewards.recdrinks.com portal as well. And yeah, with all your purchases, you automatically will be able to get drank points straight into your account. So yeah, every purchase of right drinks will give you drank points. Worldwide if you can, you can buy worldwide the right drink.
Yeah. So you're going to be able to buy worldwide. The the shipping rates will be more favourable for like the UK, Europe, US and hopefully Canada. But we will hopefully ship worldwide. It just might be a bit more on the expensive side for Asia because we just don't have those rails yet in place. Yeah, no, of course. Spear of which? What the fuck is a drag point? You'll get it's above my pay grade. That's the official lie. It's above my pay grade. Cover Meadow.
Help me out here. Help me out, brother. You're muted. You're hopefully going to find out very soon. Tyler, what do you think it is? What do we think? You and I can speculate. These guys, these guys can't. You're like you can speculate. I think it's going to be, I think it's going to blow some people away. I love that song about the Pepsi points. Are we going to be able to win like a fighter jet if we collect enough points? We've seen that documentary, so I can't You should.
You should check it out. I think you're really going to like that documentary. Is Tabs going to give us a face reveal on the launch? Tabs, Face reveal, I don't know. I mean, I met Tabs for the first time earlier this year, and I think getting a true face reveal will be very tough. But if anyone wants to head over to the Guadalajara region in Mexico, you may have a chance to spot a Guadala in his native. In his native city, Yeah. True story, true story.
And then so you know, what's what's the what's the big picture play here for for for red drinks? I mean, I know you know, obviously I get to chat with you guys a lot. You know, I love love what you guys are doing since day one black for the people that don't get to talk to you all the time movie like what's what's your big picture vision here with with the red drinks?
I feel like this is kind of like I hate comparisons, but for people who understand, I feel like this is your pudgy toys moment right when they go into Walmart etcetera. You know, what's the, what's the big picture play And you know, how does like that the, the, the, the drinks tied to, to, to
everything that you're building. Yeah, look, the big picture players 12 months ago, we felt like Retka had a really strong community, had a really strong brand and we just weren't really doing anything that it was just APFP project. We just had this great discord and great community. So I thought was like, how do we convert what we've done and what we've created and what we've built into something that's we've got a chance to really excel and really achieve it's
full potential. So OK, let's just make a real life product because at the end of the day, with 8000 NFTS, we can't really like get more people into the brand, right? Like it's what a wrecked guy costs two grand to buy whatever it is. Like not everyone's going to be able to buy that and be part of that community. So, you know, let's just make, make a real thing. Let's try and make a product where we can market and get the brand out there in as many places as possible.
So we thought about maybe like clothing, but everyone has different tastes and stuff. And then we thought, hey, let's just make a drink because the red guy is like drinking a drink anyway. But it's something that we can like mass produce very cheaply and just get into so many different events very easily. And you know, it's not like we're a drinks company that is a web free brand. We're a web free brand that has a drink.
That's the way I view it. And the drink for us is just going to be a massive like marketing and branding exercise where we can just try and get them in as many places as possible. And that we've just manufactured 250,000 drinks between the UK, Europe and the US So it's pretty like there's a lot of drinks out there. Yeah, there's a lot of fucking drinks.
Holy shit 200,002? 150 thousand yeah, 50,000 yeah, half actually about 60% in the in Europe and 40% in the US So my thought is look, if we can sell out all these drinks, then that's 250,000 places the Retch brand is going to be in across the world globally, right? Which I think is a much more infinitely more powerful thing than just what we do on Twitter or or Discord and whatnot. So that's the main aim.
And you know, I think a great example of someone who's done this really well is is Luca and pudgy Penguins. And look at the footprint they have now not only in web 3 but also in the traditional world. And I think you just need to have some sort of like IRL product that people can see, touch, feel and in this case actually taste as well to really get an idea of the brands. That's the whole plan.
That's the idea we had 12 months ago, more than 12 months ago, and we've been working really hard to get this over the line and we're very, very, very close. We're almost there now. This is so exciting, so exciting. I hey I mented my DJs. Buggy 3 years. Ago, you know, the vibes, you know, like remember the comics with the DJs, you know and all
that. So I, you know, been there, been there, been there, done that since this is a very, very first day and I know a lot of your community has, so this is super exciting, dude. I cannot wait quickly though, and then we'll get to the giveaways here and, and, and spend, dude, nothing to do with all this. How was the Red Bull collapse? This is so freaking sick. I mean, you gotta call the Red Bull Racing dude. So cool. Yeah, it's been, it's been a
really cool experience. Like I think, you know, when I started doing the art stuff about 3 years ago, I was just like making stuff for fun and shit that came to my head putting on canvas and. Yeah. It was cool when someone bought a piece and that thing was very special, but I never really envisaged doing any of this
brand work with such big brands. And I think, you know, through Dunked Cookie and Cage we got introduced to Red Bull Racing and they've done a few drops already, obviously with Snow throw, Jack Butcher, Martin Grasser, etcetera. So they reached out to me to see if I was interested.
I'm like a, I'm a huge sports fan, as you guys know, like I just love all sports and they couldn't really say no. So that was just an amazing, it's a really cool opportunity for me as an artist, but also for all the stuff we're doing with Rex to partner with such a big brand. And this is like also the other reason why I've been so busy because we've been trying to do all the Rex drink stuff, all the
stuff with the farming. And on top of that, I've been working this Red Bull drop at the same time. So I've really just been like maxed out, maxed out in terms of time. So yeah, it's been a really great experience and and looking forward to doing the drop like I haven't done a big drop like NFT drop like this in a long, long, long time. So a little bit nervous because I know the NFT market has been up and down and is not the strongest it has been, but I'm. Hopeful that are's doing good.
Yeah, are's doing good. I'm hopeful that people like what we have here. And look, we have this main drop which is a collection of 222, but then we have this air drops drop to velocity pass holders, which I've also spent a lot of time on. And it's like it's a proper drop. It's not just like an addition that we're air dropping and that's going to be for free for for their community. So I'm hopeful that that will do well as well. Yeah, I mean, love that, Love
that, love that. Listen, I need you to keep speaking because Seoul's at 170. So I don't know. I know your stuff is not you guys, not Solana per SE, but it is working. So this is this is working. So I need you to keep going because you're pumping the markets right now. Aside from Ethereum, everything is pumped right now but ETH, so I need you to keep going. But anyways, congratulations over on everything.
Love to see that. Of course, please come back more talk about I think people love it and congratulations.