Yo-yo, yo, what up? What up? Good morning. Good morning GMG Woo. Wednesday, October 9th, 20244444 Look at that another beautiful day to have a beautiful day. I got my coast in the house. Tyler Mando how you guys doing today? Good morning. Good man. We're viming. How are you busy morning. We're vibing. We're vibing. We're vibing hard. We're vibing very, very hard. You know, turns out we had Satoshi on the show yesterday
and he was doxxed overnight. So so it's pretty crazy that that Satoshi Nakamoto was on FOMO hour. I'm not going to lie. Tyler, how are you doing today? I'm good. I'm recovering from the Satoshi bombshell revealed by HBO, their Bitcoin propaganda department. They have apparently so on Steph. Can we, should we just just talk about this for a minute here? So what ended up happening because I just went to bed. I, I, I tweeted yesterday. Am I the only person that
doesn't care about this? It appears that the entire space seem to agree with me. Consensus was like, yeah, we'll still watch the thing because we're curious, but we don't really give a shit. So what ended up even happening yesterday night? Yeah, I mean, I'll say like I watched it it it felt like a chore going into it just because there's been so much talk and then like it looked like it had leaked. I did enjoy the documentary. So personally I didn't, I didn't, I never kind of gone
down that rabbit hole. So I didn't know a whole lot of that history. So I thought some of the history was interesting. The documentary definitely had a bit of like an anti crypto bias. You could see it in some of their different segments and and kind of was and whatnot. But ultimately what happened, I think they revealed Peter Todd as Satoshi, that the core thesis a forum post that he did under his username, but it looks like it's continuing a post under
Satoshi's name. So perhaps he had both logins. They pointed back to some of his, you know, long standing interest in cryptography and his parents and how he was raised and how he was doing it as a teenager, some spelling patterns and how he how he wrote on forums.
And then the fact that he claimed to have made an expert in sacrificing Bitcoin and and burning it and people drawing the claim that he perhaps is the one who destroyed access to Satoshi's Bitcoin. I mean, Todd is featured in the documentary. I, I will say like in the documentary team's like defense, Colin Hoback's defense, like a lot of when Todd is denying it, like he, he's he, he's like trolling through half the documentary. He's like, of course I'm Satoshi or of course I'm not Satoshi.
He he's a kind of thing out of both both parties. Isn't that something Satoshi would do? I think that that's what the, the producer thought, right. So I mean, I can, I can see how he got there. But at the end of the day, I, I don't think the markets buy, I don't think we believe that this is the the true. It's a totally, I'm certain we haven't seen any market impact from it. So.
Not at all yeah it seems like we're pretty flat and we'll talk about it all right so that's interesting look it looks like it looks like it looks like it looks like we were right other and multiple won the bet on on the yacht. So Congrats, that's like almost a 10X if you had that so. I was looking back at it. It was at 16 cents.
Yeah, it was. $0.16 there you go there you go there's there's there's a cue to listen to to to FOMO hour every day because you know we've been we've been we're on a terrorist cycle so far in here so we're on a tear you absolutely love to see that anyways all right so that was so I'm sure we'll get back to that again, but still the show today today market report as usual, crypto macro, all that good stuff Tyler's top 100. I have a feeling that Tyler has a lot to talk about today.
And then again, just like yesterday and every single day for the rest of the week. Robert loot box bins. We'll pick one lucky person that goes on raffle ball dot XYZ and uses today's code, which I don't know yet, to enter the giveaway so close to Milady yesterday. It would have been poetic, honestly would have been great. But anyways, there's still a lot of milady's in there and boy oh boy, I'm sure we'll talk about that. But then red guy, they're
starting to fly. You know, red guy is no longer that thing that I can use as a buffer at the bottom of the box man though, because it's actually driving the value of the box a little too. Yeah. Because like now I have to because you back then used to be able to put like 20 red guys as buffer right? To make 100% to win in an FT but now you guys are getting expensive. It's $2500 for like a nearly
floor red guy. So now have to find a new collection to that's like sub .5 to to buffer and bring the odds down of the loot box anyways. And then last but not least, this show is powered by Galaxies. Are you ready for this? 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. So anyways, anyways, without further ado Mando, let's get
into this market. Can you dig it? GM So we're kind of on our third day red day here for Bitcoin and for majors. We're not. We're not going down that much. I think we went down about like 1% over the course of about two days here and probably about 2% or 3% over the place of about 3 days. So it's kind of just been a very, very slow drawdown. I didn't really see that much FUD. Macro had a pretty strong day yesterday.
The only thing I saw was that some of the Silk Road Bitcoin might be now available to trade and that that about four billion worth, which caused a little bit of fun on the timeline. Like maybe they would do that, go out and try and sell that
before the election. They definitely don't have restrictions on their ability to sell it, it looks like, but I still think that would be a strange move given that would definitely get people against against the Democrats here if they came out and they they just full stack that Bitcoin. So, yeah, I, I think we are sorry one second and the so that seems to take us a little bit lower, but like no one's really gotten that crazy about it. I don't think they'll sell it
before before the election. That's just, that's just my gut. You did see a little bit more weakness in, in China today. So the China stock index had had another dip. I think it was one of the biggest dips since 2008. That being said, again, like it's been on a massive run up. So it's difficult to it's difficult to say there in terms of where fair Valley would would really be Exorvis massive stimulus measures. We'll probably get some more next week, but that that that was it.
Solana's been slightly underperforming, but I don't really know any other major major stories. The main thing that's been going on is, is this mean voice like crypto at the moment is like, is majors doing very little and everyone just talking about meme coins, like even the Satoshi thing, right? Satoshi's had that whole headline that we were all talking about for we seemingly got eclipsed by Murad's wallet getting docs today.
And I was just like, I don't know if people are going to be talking about the Satoshi thing tomorrow. Like meme coins are bigger than Bitcoin at the moment. Like everyone is talking about meme coins it feels like. So that's just the sense I got from from the timeline. Even Peter Carr himself yesterday was talking about meme coins. If you look at his phone line, literally even him he was there was like your mom talking or whatever the hell because he said his all that.
Did you guys see that there it is this one. Even him during the the thing went out the thing aired the 13 hours 8:58 PM, which is pretty much when this thing was airing airing right yes or sorry, this screen that was airing yesterday around that time, right Tyler literally at the time of Mando, he was literally talking about meme coins himself. So so alleged Satoshi himself was talking about meme coins. It's all memes right now and dreams.
So yeah, so Bitcoin is a 61 eight here you have Etherium 2431. So Lana here is 141. It's not underperforming Mando. It's just a a bullish dependent. OK, that's what we call it OK and then pups coded and then and then and then you know, major seems to be similar to where we were at yesterday. Nothing unchanged. Mendel quick question and then we'll get to the top 100 expand on topics. What's this CPI figure thinking? Does it mean anything to site this this time around?
Is it the biggest CPI in the history of CPI? CPI is not today, right? I thought it was today. Is it today or tomorrow? Wednesdays. No. Oh, I didn't. I don't know. I thought it was a Wednesday. Feb minutes very soon. It wasn't this more. Minutes, the Feb minutes are today. That's the main thing for today. I don't think CPI is today. I know it's this week but I thought it was. It's tomorrow then. Thursday, yeah, it's tomorrow, It's tomorrow. OK Feb minutes are today.
So where are people, You know, I, I don't think CPI is that big a deal at this stage. Like, I think more people aren't really that scared about inflation coming lower. I think inflation's already come down a lot. It'd be more about, I think people are more scared about the soft landing narrative. So jobs for me is a bigger figure than than inflation just because unless inflation really falls out of bed, but I don't see that happening.
Oil. Oil, yeah, bounced up a little bit recently, but it's still been absolutely hosed for a long, long time here. I think inflation is going to keep going down towards like 2%, or at least stay around that sort of level. The main thing here is if employment picks up and if GDP growth falls. OK, well, there you have it. There you have it. We'll see what happens on that level, but seems like you don't think it's it's going to to have a huge impact on the market.
So the market is going to keep doing its thing. All right, well, let's get in. Let me jump in Pro cart. Could you go back to the Bitcoin chart for for a second if you if you have a chance? Yes, I saw a pattern. I've got my TA hat on. Oh, oh, oh TA, hats on. Does that that look like a giant cup and handle? Mandel. Like like the biggest cup and handle. Is this? I mean, basically starting from. Yeah, go ahead. Tiko looks good man. I mean you're asking Mando who's
like full port? I think they could that that looks really good. I just. Saw I don't know if we are chemical looking at this view of Bitcoin. The Mando is like the maraud of Bitcoin, bro. What do you mean Mando? Maybe Satoshi? Yeah. That that's a. What does the cup and handle? I like that look like. Here you go. Here you go, Tyler. Let's let's look at cup and handle. Let's see if you're let's let's look at let's Google cup and handle. Like. That it looks exactly like that,
bro. I mean, you're quite spot on here. Yeah, 30 to. 40% moves up from that usually. We look like I mean I I I purposely went on tradingviews this morning. I don't know if you guys noticed because I'm not showing you my personal Bitcoin chart because it's full of squiggly lines and I don't want to get bullied on the timeline. I got my own. I got my own TA height on. I'm so redacted. I swear to God, Tyler, but I I genuinely think that we're going to we're going to break up.
OK, here, I'll just share it. This is my squiggly line and you'd laugh this. Hey my I drew a squiggly line yesterday and so it's we'll see we'll see what this is my I think that I think that we'll go back to 70K by by election time. We're going to we're going to hang around the 70s during election time and then as soon as that's over with sky I-90 hundred 100K by end of the year. I think Mando's been saying that on the show forever too, like 90K at end of year.
He says it's probably highly likely for. I I thought we would consolidate around all time high just before the election. This is the exact time I thought we'd really start rallying. We've bounced, but I thought we'd kind of head up towards 70K around the time of the election. And then if Trump gets elected, I think we go to like 90 to 100, yeah. Yeah, 100%. But we've been a little bit slow on getting there now, like we're just kind of hanging out at this 61 K area.
Bernstein came out with a piece yesterday saying they think that Bitcoin probably is range bound until the election. Now. I kind of agree with that, but I thought the rate we'd be ranging at a higher level than we are right now. Yeah, no, I, I, I agree with that. I I mean, look, maybe it's just taking a little longer to play out than than than you thought, but like I think it's going to play out the exact same way that you're talking about. Wouldn't be surprised.
And then and then we'll see. It looks like Donald Trump is actually quite ahead in terms of the prediction markets for now. But we haven't. We're going to go. There only pulley market. Only pulley market only. So let's go there, Tyler, let's go there. So. It is strange. So like just to set this table, and I tweeted about this like a couple days ago. So Nate Silver's model still basically unchanged. He still has a comma like 5446.
So kind of like the flip the opposite of what Paulie market has. Like it does feel like without, without using polling data, like my finger in the air like swag. Guess right now it it feels like Trump has momentum. The the Dems are kind of imploding or there's infighting between the Biden and Kamala camps right now. It almost seems like Biden is kind of undermining her campaign to a degree. And like the hurricane response
has been bad for her. And now we have this other like another massive hurricane about to hit Florida. It seems like that's going to be more negative for the incumbent that it's going to be for, for Trump. And then the migrant situation just keep being a a top issue. So I don't know, like if I had to bet right now and like not not personal feelings aside, just objectively bet, I'd
probably would bet Trump here. I, I think, like I think I, I texted the boys that the other day, but like there's something the other day that I feel changed because like Kamala was quite ahead. I think it's that on the show too, but like Kamala was quite ahead for a little moment here, it seems like post post, you know what the catalysts were. In my opinion, the first debate, I think after this has shifted
towards Kamala, right? Clearly speaking, I think the numbers didn't lie there and the public opinion. But then post JD Vance versus Tim Waltz mixed with the hurricane, like you're talking about, mixed with her like, like the prompter breaking on her and her like completely fumbling her words. Like, I feel like things change and like people may have seen the Elon Musk thing as like a little cringe and stuff on the Trump stage. But I, I thought it was funny and I don't know, like I think
that something changed, man. I, I think I don't know. I, I still stand by my call, like my call is that Trump is going to win. We'll see what happens there, but I don't know. So there was definitely still a coin flip. Alex Cooper thing didn't really work out in Kamala's favor in the end. I thought it was going to work out and humanize her a little more, but I don't know How. Did the Caller Daddy podcast
have any impact at all? I don't know, I'm always saying responses on X which is right leaning at this point. Most of the responses have been negative. So I don't. Wow. OK. I don't think that's been a needle mover, hey. She should have come on the for rock, for rock radio. Open invite. Then you know, that's Trump did you know, and you know, so so we, you know, we got as close as we could over there with with with this. But that's it.
Look, it looks like also like on X, you know how there's like a politics tab and here there's like the polls. I don't know what this political polls account. You know, they pull every all the time. It's showing Trump ahead here. So I don't know. We'll see. Of course, a lot of things can change under a month. This is this account, Tyler. And if you they basically like pull all the time. It's they're always posting polls like different cities, different countries, different sizes.
Like they're constantly posting polls like see 11 hours ago, 14 hours ago, 16 hours ago. And they're like constantly updating here. So we'll see. But this last Sprint is going to be extremely interesting and can't wait to see where it takes us. But anyways, Mr. Tyler, let's see what you got in store for us today. Our top story? We introed with this, but the HBO documentary revealed Peter Todd as Satoshi, though the market does not seem to believe it. Over $44 million bet on that
outcome, which was pretty wild. Crypto majors down about one or two percent ahead of CPI coming tomorrow. Eigen was a top alt mover, up about 12% on the day Coinbase announced support for sending Bitcoin from its platform to Taproot addresses. Perhaps a a good signal for our runes and ordinals. And then Canary Capital, good friends of OSF Amanda that filed the SEC. Dollar and and and and Cali too I guess.
Yes, Cali. To offer an XRPETF in protocol news Jupiter, they launched their mobile app offering no fees, one tap swaps, dynamic slippage and then easy on ramping via their partnership with Moonpay, allowing Apple Pay onboarding, credit cards and debit cards along with PayPal as well. Scroll announced plans to launch its Scroll Token SCR on the Binance launchpad.
In its path to decentralization, they shared some initial tokenomics as well, abstracting out the partnership with Gold Sky to enhance its data indexing. And then the memes and entities. I mean, this was the story of the day. The meme coin board folks below majors washed in green. Everything was up SPX past $600 million market cap this morning after Zack XPT docs Maraud's wallet, showing he holds about $24 million of SPX. The rest of the Maraud list was also pretty green almost all the
slot and mid tiers. We're up 20 to 80% this morning. Feels like he could have thrown a dart at the board ticker Bitcoin hit all time high. That was that was somewhat notable because it hadn't hit all the time high in in several, several months. And now the the meme coin mania is spilling over into NFTS the most Green Day. So every morning I I, I document the top five NFT movers on ETH. I think this was the most Green Day of the year.
It's largely meme NFTS and then right, guys, they got new from red guys. It looks like we got a new Twitter account. X account pop up out of nowhere. I saw that. I woke up the boys chat was fired up saying red guy, red guy, red guy. Then I open X and I see a wrecked coin account. And I was like, listen, ever since Ovie left the show, he's been he's been cooking, dude. He's been, he's been cooking. I don't know. I don't know. The boys busy, the boys staying busy.
All right, Tyler. Well, let's let's go around around the horn here. I mean we already kind of talked about the Satoshi Bitcoin HBO documentary at the top of the show. I don't think there's anything to expand on. I guess my question to you guys would be like who do you guys generally think Satoshi is? Like do we do you guys think it's that Peter talk guy who know like like, I guess we'll never know which is better. But what do you guys think? Because the lens Sassman thing
seemed pretty legitimate. I think threat guys in Belgium right now. By the way, he went on video yesterday saying. If I did, If I killed myself, no, I did not. So yeah, thread guy did not kill himself. But what? I don't think Lynn was Lynn was even, I don't think he was even featured in the documentary, but I'm not even sure his name was brought up. So that was somewhat notable. I, I don't have a stronger read beyond the documentary.
I just, it doesn't feel like it's actually Peter Todd. I am. I do wonder, like, is there a huge bigger target on his back now? Hopefully not. I mean, it's dangerous, right? Yes. Yeah, OK, Well, I guess I, I, I personally, I don't want to know who Satoshi is. I don't care to know. I don't want to know. It could be CIA, could be the NSA, could be any three letter agency, could be fucking anyone for for all I care. I I just don't care about about who Satoshi is.
And I think like yesterday I put this tweet out, Tyler, and like, I know you sent it back to me, but I think like most of the people seem to agree like it like by far, like people seem to agree that they don't really care, man. Do you care who Satoshi is? I do if they sell. Yeah, I mean, if they haven't so far, I don't think they will. I thought it was Adam back. That's what I thought for for a
bit. I think one of the people mentioned is is Bitcoin. It is a Satoshi story and I think my favorite is Adam Beck, but I don't know. Yeah, I generally still think it's a group of people. So maybe that Todd guy, you know, was part of it originally in day one and with a bunch of other folks. But it seems like it's something you do with your boys, you know? Hey, yo, let's clear peer-to-peer, you know, you know, digital money and fuck the US dollar and change the world
forever, you know what I mean? Like it's kind of thing that you do with boys, you know? It could. It could be, but he has a particular writing style, right? If you actually look at Satoshi's writings, they're fairly consistent, and they're written in British English. How would they use? Yeah, in general, like everything. And he uses he uses English slang as well. Really. I was like this British English is taught kind of around the world, right? No, but he uses things like
bloody. He uses things like bloody L, You know what I mean? He's a, he's a, he's a lad. So he was I people thought that he was somehow like he may have been taught, may may have been studied in Britain or he was British himself and Adam back. I just felt like it was remember I saw a YouTube documentary in it maybe 3 or 4 years ago and I, I felt like it was like the strongest case for it. I. Think it was telling how little chatter about it was on the timeline.
Like, I think most of the chatter was just around the the the betting and I don't know, I feel like that this kind of might read that why people aren't buying the conclusion here. It's like no one's really doubling down on it or, or diving into it here. Yeah. Yeah, I mean, maybe Adam. Adam Back is the other guy in in the video, by the way. So like there's three people in the video where it's being interviewed and the other person is out and back. So. So he was definitely in and
around it too. He was definitely mixed, mixed. He he was deep. That that's, that was clear. I think if anything or anyone, I think I think Zach XBT is going to Zach XBT is going to to to discover who Satoshi is. Speaking of the devil, Speaking of the devil, Zach XBTI mean yesterday we had an electric electric interview with Murad, which by the way, I thought went very well. The feedback on camera has been incredible. We got about 200,000 views on the video itself.
So you'd love to see that. But this morning, five hours ago, Zack XBTI uncovered 11 high confidence wallets tied to must stop Murad holding $24 million in meme coins on the theorem and Solana so the community can monitor his future activity. Why do I say these 11 wallets belong to Murad 1?
All walls were funded from the same source in Ethereum funding source is also blah blah blah and talks about how the same funding source or Kentucky FTFX team call addresses holding the similar to his posts and continue usage of D bridge for solana address Tyler thoughts. I, I don't love the, the docs here, I have to admit. I understand that it's, you know, it's a, it's a public blockchain and all this
information is public. I think it's a little bit AI think it goes against some, some crypto core ethos to a degree to do this. And 2nd, like Zach has been very public about people getting mugged and robbed for their crypto in, in Europe. And here he goes and just paints an even bigger target on, on Murad's back with with this post all but in Murad hasn't done anything wrong. Like he, it's like Zach's kind of painting him in this negative
light. And he goes on to say that he that he's not, but I mean, he paints in a negative light. I'm. Just Rudy, which I agree with. He's like thinking he's like projecting a future wrongdoing. And he hasn't done anything wrong. Yeah, he he he built a core thesis. He's been accumulating, sharing publicly and not selling. So I, I don't know, I, I like, I'm not upset, like I'm not outraged that this happened. Like I think eventually it was going to happen. I just, I don't know, it feels
like it wasn't necessary. Looks like there's even a doing analytic now. Murad buys and sells, so let's go. We have the whole thing now. We're so bad. What are my what are my hot takes? So I think a lot of people are saying the second he sells anything, it's going to be the the the waterfall cascade. I've been thinking about this. I don't think so. Lee, listening to him on the show yesterday and he talked, we asked him the question directly,
how are you going to exit? He said he's going to DCA out when things look overvalued. He thinks there's going to be a lot of meme coin analysts kind of, you know, evaluating these positions in the future. And when they look overvalued, he's going to start to DCA out. And he recommended that to everyone. And I think if he does small cells in some of these, I don't think we're going to see massive crashes. So it seems like Udi has a similar thought as you and they might.
I'd love to hear your thoughts. So Udi said when I got into crypto, when dinosaurs still walked on their earth, it was considered very poor form to publicly docks other people's wallets. I can see why you'd go. You'd do that if there's evidence of wrongdoing, but doing it to deter future wrongdoing as well. So I'm assuming this is your take, right? That's, that's similar to your take, man. What? What is your take on that? I agree almost wholeheartedly with what Tyler just said.
Like I feel like the issue about this is that obviously he could post it afterwards. I think he tried to defend it being like look I could have posted this after some wrongdoing and then it would be fair. I think this just assumes that he's going to do something wrong. I don't even know if him selling is doing anything wrong either. Like one thing I would say about this is these aren't $5,000,000 meme coins right?
That every single one of them is now over 20 million and some of them are in the hundreds of millions. If he sells like kind of fine, I would say like it's, you know what I mean? Like this isn't some guy who's been docked on shilling 500K to 5 million meme coins that he just then dumps on his followers. He's actually held these the whole time.
So I think it's I think it probably wasn't the right move, but I think you have to put it in the context that he's been going after Anthem a little bit for a bit more of I mean, Anthem has been a bit more liberal with promoting coins, lower market cap, right, and selling. Yeah. So I think it's been put in that context, like if he's the next handsome, then maybe we need to be a bit more careful here.
But I also don't care. Like I also just like for me, I just, I just feel that one of these things I'm just like, OK, it's it was always going to happen. I don't know why, why Murad? I mean, guess Zach said said it, but like there's going to be somebody else who's managed to docs Murad Wallace, like. That's the thing. He. Probably. He probably knew it himself. Yeah.
So. I mean, going into the show, I actually disagreed with both of you think that whatever it's public Ledger, it's on Ethereum, which is super easy to read and so on. And now which is getting easier to read. Those whole scans are great, but but it's like it's public and he's been openly talking about exactly how much he's buying of each coin, right. And we asked him yesterday, Tyler, right, how are you going
to sell? He said, hey, like I'm going to DCA out SPX and Giga. He said I think that were his long term bags for another cycle, but that the rest of them he's going to DCA out of them those and you can go back to the Maraud interview. It's at the end of it Tyler straight up asking how you selling? Actually, we just just post that clip after the show so people
can see. So, but but I guess like after reading, after hearing both your perspectives and reading the other tweets saying like how Zach actually warned people of like thefts and IRL robberies, and then two days later you kind of doxing a thirty $25 million wallet and then saying that there's probably like $25 million more in other wallets. It could be dangerous for Murat. So I think that that that that's The thing is if it wasn't Zach, like someone else was going to
doxing guys. Like I almost rather it'd be Zach, right? Like, I don't know. I don't know. I think I think Zach did nothing wrong. For what it's worth. I don't think people should be pissed off at Zach and like attacking him on timeline, but that's also because I'm a fan of Zack Kings BT and what he's doing in space. But I don't know. The answer is probably somewhere in the. Middle, I do think there's perhaps an unexpected outcome here.
I feel like I reading the tweets from Zack, I, I feel like he may have thought I don't. I'm projecting that this was going to cast Murad in a negative light. And I actually think this is reinvigorated some of his core, core followers and fans. Like we saw SBX run this morning. I actually think it, it ran because people saw how much he has and they believe that he's
not going to sell it, right. So I, I actually think that this may have re reinforced it. It kind of now it's an even more like anti now it's like an anti cop play. I think I saw someone say that that like now, like Zack XPT and the and the crypto cops are coming after Marad. So it's it's another, it's got a chip on the shoulder. So I think that's that's going to be interesting to see that.
Play I think the Mirad arc is crazy, bro, like the come up and the interview yesterday was a big one and then you have like this morning, the wallet dog scene thing. Like I think I agree with you. I mean, let's look at the Mirad tokens on the back of that, right? You have the, I have your your index here in my bookmarks, Tyler. So that's the first thing I look at when I lock up to everybody. At this point, so let's look at
the board here. In the last 24 hours, APU's up 35 points, USA is up 35 points, Ritardio's up 30 points, lock in 26, SPX 24, Bitcoin 21, Mini 7, Giga 3 points and then Mog and Popcat are the are the are are down about five points each. So clearly the market decided that the docks was positive. I feel like we're getting decent ties to these numbers a little bit like like these are insane. Like SPX is over 600 million in market cap. Yeah, the only holders SPX has
as well. Like just check how many holders SPX has. I will check for you right now. So we go here, we copy this, we go. It has. 10,000 holders, which means that every the average holder of SPX has 60 grand of XPX. Jesus, Yeah. Oh. My God and the holders grew by five points overnight in in 24 hours it seems. That math is wild. Like I I remember things used to top out like 20 K. Like if you had 20 K that was high per average holder. SPX is just smashed through that number.
Yeah, I'm curious to hear people's opinions on the topic. Mando, of course, as usual, very quick to post a meme about Murad and and the stuff. Murad sitting on $24 million of meme coins, knowing if he sells anything. I have to say, man, I really liked yesterday's conversation. I thought it was really good. I know we all got to chat with Murad after the show in the studio a little bit, but it's a great guy. I had a had a blast in himself.
I mean, unless he proves himself a bad actor and the only real way to bad actor would be like to to if he just like dumped it. All right. And I think that's kind of what like not to throw Anthem under the bus, but I think when he really got cast as more negative was when it kind of came out that he had sold like almost all of his positions. And he's like, hey, I'm a traitor, but I don't know. That's what folks thought he was going to do after.
Showing remember. And I mean, there's no evidence that Murat's going to do that, he said. 8 to 14 month old with some multi cycle hold. You literally asked him point blank face to face on the show. How do you get out of your positions? So I think it's like it doesn't get more transparent than that on the live Twitter Spaces too, right to 1400 people listening and like thousands of people on video. So we'll post a clip afterwards.
I just put AI just put a pull up fantasy holders rejoicing. Do you think Zack XPT is right to docks? Maraud's wallet address says yes. No, I really don't care. So far, 45% are leaning towards I really don't care. And I have to say I have a feeling we all kind of like lean into that. But but we'll see. A lot of people just really, really don't care about right brother? No one cares about anything. That's something you have to believe very strongly. Yeah, yeah, exactly.
I think, I think nobody gives a shit, to be honest. So. So we'll see. What else, Tyler? What else do we have pop in the last 24 hours? I mean, all the mid tier memes just rounding out that discussion I got, I pulled up the Solana board and basically everything from 120 million down, they're all up 20 to 60 to 80%. Like Sigma was a big mover there. There was there were several big movers. It feels like it's, it's, it's all the older stuff, right?
So it's, it's not, it's like the next, it's not Mirad's list, but it, it's the ones who have similar characteristics. You know, they've been around for three to six months or longer. They've got some of the holder base and they're all kind of re pumping now. So I that's the story there. And then it's spilled over in NF TS. I think that's the other big headline from this, this kind of sector is if you look at the NFT board, it's not the it's not the major PF PS that are up.
It's it's these downstream meme related NF TS and they're so like mog auras. Well, now they're only up 50% on the day, but they're up 16X on the week. Those things are at point O1, I guess now they're .17 Sprotos or sprotos past two ETH 2.4 now. Yeah, so those are really grinding up. Damn. 100 day ONS at 1.7. They're up a ton as well on the week. Here. Let me pull that up. Yeah Oh yeah, they're up 450% on the week yeah. So they're they're cruising. Sprotos are up 230%.
Yeah. So, and that could be like the whole board is these meme NFTS, so people are trying to catch the next ones. I don't know if there's as much substance downstream as there is in like Sprottos and AI. I'll be honest, I didn't even know what product Aon was until like four days ago. They look cool. And that's marauds #1 and just the fact that he thinks that and that with with the SBX run, that's enough.
And these are lower supply both those in Sprottos are both just 3333. Yeah, which is a bit less. It's going to be interesting if this is like, is this the next Meta or NFTS? I don't know that I I I yesterday on the show he said that he's like, the problem with NFTS is their floor price because they get more popular, they get too expensive and they're hard to enter. I think that caps the upside on a lot of these. It does. Like if it's Proto Gremlin gets
to Tenny, it's 25,000. Like, are you going to hold it or just, you know, tell that to get more memes? I I don't know, I think, I think that's always been the problem with the meme entities to me. Yeah. Red guy. Red guy's the other story. Dude, Red guy, I mean, you know, Mando, do you have any insight on that? This morning we saw this account pop out of nowhere four hours ago with this beat, which is obviously one of all these art pieces, it seems.
Red coin and then red guy started, oh, this is so good. I love that. I really like this. This is great. This is great. And so reggae was a top gainer follows the the narrative here that that that Murat is pushing for sure. I mean, Mando, what's the alpha? Can't say too much. Can't say too much at the stage. Come on. So it was posted from the Rec Coin account. Probably worth looking at. I'm I'm a little bit shocked at the at the price action in, in, in rec guys.
I I don't think he needs to be a genius to to maybe work out what was going on here. But but yeah, it's hard. Yeah. I mean, you guys have been kind of putting out a lot of hints out for a long time, so. But I, I was like, oh, OK, maybe people do need to be literally like shouted in their faces. Something's happening. But. That's true. That's very true. That's one of my biggest takeaways of this space is that yes, you have to hit people over
the head with a hammer. Well The thing is, it's because people want the now that my Internet connection is really bad today. Sorry guys I don't know why, but people want the now right? Like the red corner account popping off means imminent or soon right where it's like. That's true. Like, we've been talking about Marriott and what we're doing for months, right Mandela? But people won't give a shit until like or two weeks before the big events And people like, Oh my God, right.
Like, you know, it's, it's, it's just, it's just the name of the game, right? Because there's so many plays and cooks that I guess you know, but hey, you could have bought red guys or won red guys on the show for .2 E like what, a month ago? Not two months months ago? Still buy them now like. You can still buy a red you can use a firm and pay in three payment.
I'm skin you can't use a firm just quickly before we go into the next topics raffle bot dot XYZ Speaking of winning red guys, raffle bot RAFLEBOT or XYZ. Make sure you bookmark that because we use it every single day and we give money away four days a week, OK? Sometimes 5, four days a week. So rafflebot dot XYZ, the code today is Toshi SATOSHISATOSHI. You have to follow FOMO hour Robit. Every day you have to retweet a
different tweet. Today is Maraud's interview from yesterday and you enter the raffle. Yesterday we had like 5 on entrance, which is you'd love to see that and I like the story. Did you see the guy that one wrote a tweet out after the giga holder, but how happy it was to to win a red guy etcetera. So I thought that. Was so let. Let's So what is the market cap of red guy right now? Do you know actually wet that out? You're asking us, dude. 88. 14 times. What's .8?
It's .78 * 8 eight. How many red guys? That's how you calculated, right, Tyler? Yeah, four more. So how many red guys are there? 8814 that's. 8814. OK, so there it's 6169. Yeah. All right. So it's about $17 million, it looks like. No, it's 15 at floor price 1515 mil market cap 15. 15 Make that what you will. You Mt market caps my God these these feel cheap not. That one. Not that one. That one. Well, like my, my question is, is like where, where, where,
where does that coin come? And then I'll I'll leave it at that. It's. Very interesting. Yeah, that is, that is an interesting conversation in case of an investigation by any federal entity or similar. I didn't think about this. I meant to publish my own like meme meme NFT list and sometimes Mourad published his like I think I mean reco would be on. I could definitely like like cult I. Mean. It's definitely a cult, yeah. I think and efforts have to be on there.
I think and efforts actually might be like the top of my list. So let's make our own list, right? Let's let's make our own list of like who the cult NFE projects are in in this. Do we want to do 2021 cult projects that are still around or like counting the 2020 like the fresh ones? Might throw punks in there. I think Punks is absolutely a cult A. 100% I mean I. Think pudgies are, I think azuki is. I think red guy is I think. Are board apes a cult? He left them off.
No, he left them off. But do you guys think board apes are a cult? Because I think I. Think most NFTS are a cult. I think they they have them. That's what I was saying to him yesterday. I actually think most NFTS, at least the ones that are existing, are actually cults even more than meme chords because they actually have like much stronger personalities at the centre of them and people often identify with them like
around their identity. This is what basically what I was saying to him when you ask me about with the rec guy about the NFT thesis. I think NFTS are even more cultish than mean coins. But what I think is, is that they can't get to this high market price just because of the the number of holders. I would agree with that. Like a milady is like a proper cult, right? Even more than like a milady coin or any coin out there. I don't even think it's as strong of cults like milady or
punks. Punks. If you're a punk, that's you. That is your identity, right? And I think that that leads to cults more. Is Bourne apes on the list? I think they probably are, I think, but and I love doodles. I think one of my my one negative takeaways is I feel like they don't have the the cult. Like I don't know who the doodles are. Who are the cult leaders? I think, I think that's why they've been struggling price action wise just to be told what I think it comes down to that.
They're a brand. I feel like Doodles is more a brand right? Yeah. Maybe they're a cult to some people, but I feel like they're they're a bit more web too in their rollout. I think there's an AINFT cult but there's like not necessarily what it's more like a group collections and the ladies like the all the downstream ones kind. Of yeah. All plugged in there.
The ones we're out has are called, I mean click on puppets are a great cult, which is by the way, up 25% in the last in the last day on their way to flip node monkeys. So we'll see. Are called nodes of cult Like. I don't know that I could sit here and call non monkeys a cold on the show, no. They're not quantum cats can get close to that if anything, because you know, there's quite a cult around Udi and the lore and everything. So we'll see. But yeah, pops is a cult.
The token itself, like a people like you know, so I did actually Speaking of that Coinbase Coinbase allowing taproot. Do we think that's for runes? I saw I saw D Farmer kind of claiming it could be for ruins and stuff. What do you guys think? Do you think it's just to make peer-to-peer transactions easier on Coinbase?
Or is it to potentially open the board to to list ruins Because Mando, you've been saying that your thesis on ruins that perhaps one day they could get listed or that that's the only way it could be bullish for ruins, right? Yeah they need to get. They need to get listed for sure. Like it's the only way ruins survive. That being said, Coinbase never listed any BRC 20 tokens. Not one Interesting.
Interesting, whereas Binance and OK X did and that's where you saw a huge amount of Asian buying and selling of BRC 20s. Remember like 80% or something ridiculous or maybe it's 70% of all the Bitcoin created is by minus is in China. So like there's a huge China community around Bitcoin. I always felt like it would be one of the Asian exchanges that went into runes first or embrace them like a bit more
aggressively. It would surprise me if Coinbase was the first person to start listing runes, but maybe they see it as a as a competitive advantage? I'm not too sure. I think the Binance listings are coming. I don't know if it's going to be this month. I don't know if it's going to be Q4 or if it's going to be in 2025, but they are. They are coming and I think we're going to see a ruins. Ruins season, yeah. We are for sure. Again, it's it's mostly for me, it's like what Mando's saying.
It's mostly because because of China. There's just, there's just like over there. It's that what it's all about. We talk about it a lot on the show but like all our Chinese creators have quantum cats puppets or not monkeys as PFPS. It's still GCRS call right for this cycle is that maybe the East is going to lead? Yeah, yeah, I I agree. I agree. It's still, it's still GCRS. Call Tyler before I get to the giveaway here. I just saw the time off. There's so much to talk about these days.
I love that. Was there anything in your list that you think I missed? I don't think so, right? No, Jupiter launched their mobile app. So we just continue to get the the mobile experience keeps getting better. Mobile isn't yeah, it's big. The app looks good, no fees. It is, It is interesting. Will that impact Moon shot? We'll we'll see a few headlines from yesterday that we that we skipped over just because we were talking to Maraud, the FDX creditors.
It looks like the mayor, it's a done deal. They're going to get the money. I don't know if we have the timeline yet, but they're getting 110% on average of the value of their holdings with FTX, you know, back there at the bottom. It's not going to be in crypto. It's going to be in cash. But that money is coming. I think it's at least $7 billion, yeah. Look, it's not what we had hoped for or we like the people probably that had the money tied in, but it's something that's
better than nothing. So I think that came to conclusion on the 7th, right. That was the hearing. There's gonna be a little interest on top of it and we'll we'll see what happens.