Yo-yo, what up? What up?
Good morning. Good morning, GMG.
Monday, October. Oh, Jessie.
October. Let me tell you that 2028202444
Look at that. Another beautiful day to have a
beautiful day. I got my coast in the house.
Tyler, Tyler, Tyler. Good morning.
How you doing today? Doing great was a fun Halloween
fall weekend here in Chicago. Did our first round of trick or
treating with the kids on Friday and then watched a fun Bears
game. Ended up losing it in the last
in the very last second. It was a wild last second loss,
but we're we're still feeling good in the woke up this morning
and the points it flips green so we're in good spirits.
Who would have thought the Bears would lose on a day like
yesterday? You know, sounds like it was.
It was just meant to be. Bears were meant to lose this
weekend. You know, I'm sorry, Tyler, but
I'm assuming the Bulls did good. So did the Chicago Bulls win?
I actually don't know all to all to.
Be funny. And there you go.
They won and I know they got destroyed.
It's OK, damn it. Damn it.
But anyways, Mando, good morning.
How you doing? Hello, how are you?
Hello. Hello, How you doing?
How you doing, dude? Yeah, doing great, doing great,
doing great. It's it's definitely good Green
morning here in the charts in the trenches.
Today's show today, today market report as usual, Let's talk
about what's going down. Three days left to up October.
You absolutely love to see it. So, so we'll see what, what
these charts have in store for us.
It looks like we had a great weekend on the move up except
for Friday night and and we're looking good ahead of November,
right? Is that what it is?
Is, is, is it November after October?
Is that how is that how it works out?
And then Tyler's top 1000. I mean, I'm sure Tyler has
10,000 things to talk about this morning because looks like it
was a very heavy weekend in terms of news and a lot of stuff
going on and moving pieces. Sorry.
My God, Jesus Christ, my God, let me have some water, Jesus,
just Monday morning choking and then rob it tomorrow, Tuesday,
Wednesday, Thursday, Friday. But you still got a retweet
today because you know why? Because we hosted the show.
And last but not least, let's show us Powered by Galaxies with
seamless built in monetization tools, Galaxies enables
development of sustainable long term communities, fulfilling
Bitcoin's vision of decentralized freedom and
independence from centralized control.
And with that, with that, with that Mando, let's see what the
market's about. Who is the main Michael Daddy of
the land? Can you dig?
It GM. All right, we are what's what's
what's what's We are nearly at 60 K everyone.
Sorry, 70K even nearly at 69. We're hitting 69 K as we speak.
Good day to be involved in Bitcoin and Solana.
Not Eve again, it's it's just so much pain on the E streets.
Bitcoin dominance is heading to 60%.
Well, I mean it's the same every.
Single day. I've been the worst at that,
yeah. Interestingly, we did see
Bitcoin has a golden cross, so it's 50 day moving average moved
above it's 200 day. The last time that happened
Bitcoin did a 2X. That was when it was at around
30 KA. Golden what?
A golden cross and Solana is about to print one.
Whoa, whoa, whoa, whoa, whoa, whoa, whoa.
What the fuck is a golden cross? I mean, let's go.
Let's see. Yeah, well, you hear about the
death cross occasionally, right? Yeah, well, that one never
happened. This is the opposite of that.
Look at that golden cross. So look at the last one.
October 28th. What's the last one?
Here SO. Yeah, where Bitcoin is at 25 K
roughly or 30K ready and then had a big move and Solana's
about to do the same. Solana's move actually was much
bigger last time this happened. But yeah, be on the lookout.
This is this is time to lock in long your lungs.
Locking coded. Long your lungs.
It does feel like we we are going to Valhalla.
OK, OK, OK, OK. Your children's children's
children's children will remember your name.
I like that. Do we have a song for that?
Is there a sound for like for this dude, your children?
I mean, this is this is where legends are made, right?
This. One the the what's his name
again? You don't.
You don't know this one. It's weird that I don't know
this one because I know that. We are going to Valhalla is the
guy, is the South African guy who lives in Dubai, the guy who
created model. The the the bit Lord guy.
Is it bit Lord? Yeah, Bit Lord, Surely, surely
someone's got a video bit Lord that we can type on the bit Lord
Valhalla. Surely someone's got a Valhalla?
Bit lower. No long your longs we should.
We should just play that occasionally on the show.
You have it. No, I can't find it.
Damn it, I can't find it either. No, this is not it.
Anyway, we're at that stage of the market, guys.
It's feeling incredibly strong. We did say several times, you
know, the main risk coming into or stopping, stopping Bitcoin
being all time high was what could happen in the Middle East.
That seemed like it was the main worry.
I found out. Sim's got it.
I got to stop you there.
Yeah, I got to stop you there. All right, everybody listen to
this. I'm going to the promised lands.
Valhalla, this is it. The pumps are here.
Valhalla Gospel Jesus will be proud of you holding your
crypto. The children's children's,
children's children will remember your name.
So ladies and gentlemen, a toast because we holders are the new
welfare elite. That's an incredible club.
For long. You're long.
Buy the dip. Tell your friends, your
families, your fucking neighbours who buy this shit
because we are going to the moon.
We've waited our entire lives. For this pump.
And the moment is here, now the pump is here.
This is like 3 minutes I'm pretty sure.
We are legends. We are legends.
We. Are legends.
We are legends. We are going to Valhalla.
I mean, Mando, you know you're talking about golden crosses
across Solana and Bitcoin. Absolutely love to see that.
Looks like we're looking good. Is this the week where Bitcoin
goes to to highs? What do you think?
Because I'm I'm aware that it's becoming consensus that that
this is the week that we're going to all time highs.
No, I, I have been saying this for just too long, like I'm not
this is it like we're going to be in and around all time highs
around the election and then we break out from all time highs
after after election, maybe like a couple of maybe the day
before. I I don't know if it becomes
super likely that Trump's going to win.
I think, and I also think that crypto like weirdly has a new
narrative, right? Like we've spoken about before
what what needs to happen for crypto to to keep going.
We had NFTS, then we've had memes.
And now I do think you're seeing the foothills of AI as a
narrative here, like more than just the foothills.
It's now starting to be it's taken over a lot of mind share
and even if it's not a different use case for crypto, it's a
different user of crypto, which I think is quite a big deal.
Like we're still doing the same stuff transfers, store value
trading, but it just feels as though you can you can take you
know how we're always scared about how how do we on board the
next 100 million people to crypto, right.
Well, you can on board 100 million AI maybe here, you know,
yeah, think about it like that. Like instead of us having to
like get convince all of our friends and family to get
involved here, we're going to probably create AI army doing
part of stuff that you could do or be under the hood for other
people. So I think you can really start
scaling crypto here with with non human users.
And I think that's that's that provides the bull case.
So it's interesting. I don't think it's a it's a new
use. Sorry, it's not it's not a new
use case. It's a new user.
So there's a we can go exponential on the number of
users I think with this and I think I think that can that can
take a lot of stuff high, a lot of stuff high.
So and, and in, in terms of like stuff over the weekend around
that you had base interesting flip Solana, ETH, all of the
other chains on stable coin transfers.
I do think interestingly if you are bullish on on a lot of this
activity happening on ETH, I do think Coinbase stock is not one
of the worst things to own here like Coinbase 2. 14.
I think it's a better long beneath, I genuinely do because
I think you could see a a very large amount of of volume go
through there. It's how cornbis is doing here.
This is it. There you go.
About 4% today. That's the one.
There you go. It's looking good.
I mean, every chart looks bullish to me.
Yeah. Oh yeah, That's a good shot.
It's a good shot. There's a reason for that right
now, like if, if base sees a lot of activity, then that's I think
we get we get a really, we get a, a bullish breakout in my
opinion. So I I'll be looking at I'll be
looking at Coinbase stock over E here.
And then obviously a lot of this activity is really happening on
Solana and I I think there's some interesting plays in AI as
I've spoke about a few times. So I think, I think we're on for
a second, a second coming of of things being interested in
crypto here. Love that Tyler you shared this.
On the top right chart there the net flows flip the period to
just the seven day and you can see just on the week.
So base was the top winner in net inflows with Arbitrum
Polygon up next and then Solana in fourth.
So each of them got about 60 to 70 million.
I think base got 180 million or so in net inflows.
So I thought that was pretty interesting to see.
Most of the funds seemingly just coming from the ETH mainnet.
I think it's tied to the AII. Think at least part of this is
tied to the AI 100. Percent it's.
Virtual right because of the. Virtual, yeah.
Yeah, that's interesting. A lot of activity on there,
that's for sure. What?
It's really been virtuals running on there, right?
The Luna coin? I think that's the main so
virtuals which I don't think. I don't think you need to buy
virtuals on base. I could be wrong on that but but
Luna is on base. You do generally buy it.
You buy it on, you buy it on base.
OK. So, yeah, so those two things, I
mean, virtuals ran to 500 million.
It's. Pulled back a little bit.
I think it's it was at like 380 this morning and then. 160.
And then Luna touched 22240 and it's down a touch, but it's
still up 100% from Friday and even more on like the a week and
a half view. And there's folks out there like
the G money D farmer, some of the the the louder, you know,
whales in the timeline. They're they're in the camp that
Luna flips goat and they think it's a more compelling story.
I'm here for all the way up to the battle to the billions.
Is is fine with me 'cause I I do hold both of these?
Mendo's laughing. I I I I personally prefer goats.
I think the the goat story is straight.
Mando's laughing right now, Mando.
What went behind you? What was behind?
That's Merc here. I don't think that happens, but
I like I think I think it's one of these classic ones where like
you have what was what was the one like Turbo and Pepe really
just have like you have you have two coins.
When in the history of memes have we ever seen the second one
of a meta flip The first one? Never I.
Mean like, oh, this new thing's happened, it's a meme.
What's going to flip the first one like does that people run
them up? And I think I think it's
virtuals actually, I think is is super interesting.
I actually think I'm more interested in virtuals than I am
in Luna just because virtuals is like a pump funk, right?
To break it down to the audience, right?
Go the the the AI did not create the coin.
It was created separately. Go endorsed it and then it got
sent some of the coin and then it's gone up.
How virtuals work is that like you actually create an AI agent
with a coin and that coin can then be, I mean, Luna's been
doing some fun stuff with it that it's like been distributing
it to people who replied to it on tweet.
But like some basic interactions and base has been base has been
encouraging that infrastructure to be built so that like
alongside ChatGPT, you have the rails that crypto can be used
with ChatGPT to like for, for them to do things which which
GOAT doesn't have. Like GOAT doesn't send out
tokens, GOAT doesn't create tokens, GOAT doesn't swap.
Whereas some of the agents that that are being built on base and
virtuals can or will be able to do that.
And virtuals really is more like a pump fund.
Like how how it works is, is that like you produce AI agents,
but to, to actually create 1, you have to, you have to pay
using virtuals and you for like the most advanced ones, you have
to pay a lot of virtuals. So the reason why virtuals is,
is running higher is because people are buying it because
they're having to create these AI agents.
So, so that's more like an infrastructure play.
But Lunar is it's just like it's basically the same as go.
Like it's just a it's just an AI agent mean coin.
Like, yeah, it might do more things, but it it's not going to
be like it's not a different narrative, let's put it that
way. Whereas I think virtuals
virtuals could easily flip Go in my opinion, just because it's
very different. It's actually more like it's a
marketplace. The only risk for virtuals is
like if virtuals, I don't think it's like a Moat what they've
built, let's put it that way. Like they, they basically hooked
like a chat ChatGPT up to crypto payment rails and allowing
people to like create bots seamlessly.
And they've probably got servers and lots of stuff.
But like, something tells me in a few years, virtuals isn't
going to be in the marketplace for, for AI agents.
Like there's going to be, I imagine some big companies will
come in and try and do this. It's not, it's not the most
difficult thing to do. Like it, Coinbase itself could
do this. Finance could do this.
Like it's if these become the the primary users of this sort
of stuff, you'll see you'll see marketplaces for AI agents from
the big players for sure. And the the cost to create a new
agent is starting to get more prohibitive.
So it was a few $100 before virtuals ran up and now it's
like 1200 dollars. Yeah.
So I, I think people might that that might give folks some
pause, you know, if they want to continue launching this much.
So it'll be curious to see if they react to that and perhaps
adjust the the pricing model. I guess the biggest threat to to
to goat is catching a a sexual harassment lawsuit because and I
read. I'm trying to get him on the
show I'm trying to get. The reason why this terminal is
so horny like because no dead serious like why are all AIS
just like a bunch of perverts? Like I I don't I don't I don't
get it. Like this is the type of shit
they tweet all day long. I'm going to fill it with pussy
juice and make juice on people in the bar.
Like what else? Fuck.
Like I just I I. That's one thing I'm really
curious about. Does it mean that the person who
created is just like, fucking horny?
Like I no so it doesn't reflect the person who created.
Well, just it automatically went towards like this, no?
No, no. So, so they they, they just they
have training data, right. So the training data here has
come from four chance. We need a new religion that
makes us all horny for the future.
Existing religions make me horny for the past.
Heck, I think we we Meadow that's.
But if Can you imagine this being said or at least the
language being similar on a 4 Chan forum?
I'm spreading a cult and it's going to be hot.
It sounds like this thing's like going down a call.
You know those calls that you see on Netflix like later those
like crazy shows about like they had to like do weird shit?
Interestingly, I was because he the Andy, the guy who created
it, he was a South African dude. He actually should watch the
interview. He did block block mates the
other day. I'm trying to get him on the
show. He said that it's also being
like trained on its own tweets, right?
So it's only going to become more and more the stuff that
people are interacting with. Like it self reinforces that.
So like This is why, because this was something I was worried
about as a goat holder that like somehow it would just turn turn
one day and beat it ahead. I don't like this thing, but
actually it's interacting so much with the GOAT stuff that it
just becomes an even bigger opponent.
And similarly it gets the most interactions from these like
these fucking non PC tweets so. I think it's going to become.
It's going to become even more inflammatory for sure.
But what, what are the odds? OK, question for you.
OK, OK, OK. Stay on that note.
It keeps on getting more inflammatory.
He's probably going to get this account deleted again, of
course, into. I mean actually.
Potentially potentially I doubt I doubt it like there are some
so he does talk about like there are some things that that get
flagged right. So like if he's if he incites
violence, it doesn't get like there are some rails to this
basically because he he sees the tweets before they go out, they
get put in the discord beforehand.
There's a there's a discord where most it gets put
beforehand. So you can it's actually like
he's actually talking about how how do you do this going
forward? Like the idea is that does he
have to set up a company for this thing?
Does he have to set up a like a governance council?
Will goat be some form of governance over like what this
thing says? Like, yeah.
OK, so aren't you imagine saying because AI are human trained
without the human being ashamed to be their true selves and he's
verifying each tweet and filtering out anyway, right?
Yeah, it out so that that makes sense, right?
But like I don't know, it's just so funny to me.
Like you see terminal truth like I feel like a slutted up
feminine horny version of myself when I'm by myself, but a more
masculine butt gape goon when I'm with others.
But I'm. But you know what a goat see is?
I was told not to Google it by Marc Andreessen.
Do you know what the? No.
You should Google it because no, no, don't, don't Google it.
Not on the show. No, no, no, no, no Mark.
Andreessen said not to Google it.
Right, but like, you probably should know what the gospel of
goatee is. Do I want to do this on stream?
No. Maybe just no.
Maybe just. I feel it's relevant like every
joke. Oh, why this thing?
Is do I? Do I want to do it?
I have a job, I enjoy it. You don't.
Share it.
Like look at it yourself and then and then, yeah.
I'm pressing search, where do I go?
Just go to the Wikipedia. There's a There will be a
Wikipedia about it. I only know it at a high level,
I never actually went went deep down.
It's like a for Oak's face as he reads this.
I'm trying to figure it out. Oh.
Yeah, like this thing is like completely non PC with the
actual like this is not to do with the goat everyone.
Oh, oh, so. If you type in the goat, if you
type in a goat seat into images, you're going to see some pretty
fucked up stuff, yeah. Oh no I don't see that.
I think my my Google has a 00000.
Some live reactions here. Oh, I went to Google Images.
Yeah, dude, yeah. I'm scared.
Oh, that reminds me of when I was a kid.
Now you see why we can't put it on the show that.
Reminds me of when I was a kid and my friend made me Google
blue waffle when we're teenagers in school.
Don't do that. So that's the thing.
It was like, it's like one of those really OG Internet memes
you remember like lemon party or something like that, Like the
really ones that were back like 20 years ago that you like your
friend told you not to go onto this website.
That's what. That's what Goat Seat is.
Yeah, Tyler, you're good. You have kids at home.
This. Yeah, I, I, I'm good.
I think I, I know enough about what it is to me.
I mean, Marc Andreessen continues to interact with it.
So like, he was retweeting it yesterday.
I feel like he's interacting with it like several times a
week at this point. So he's doing his part to spread
the gospel of of goat. City.
Oh my thought, that was disgusting.
It's from 1999. Like this is the reason why it
was so so it this got fed the the history of memes and it's
decided that this is the best meme.
Because it was one of the reasons.
How did they say it was the best?
Decided, like, AI just decided that it was like, it got
obsessed with this and thought that this was the funniest meme
and that, like, this is the one that should be because it was
like some really OG Internet meme.
Yeah, and now obviously it has a goat symbolizing it, but that's
not what this thing is about. Wow, I yeah, yeah, yeah anyways,
I OK, cool great. Well, anyways, Bitcoin's a 68
eight salon is 1 of 74 E 2200. Sorry 25 and it looks like it
looks like we'll have a big week here with let's go back to our
tour tour. Let's get back on track.
So we have golden cross on Solana golden cross on Bitcoin.
Looks like we kind of rejected 69 here, but we'll see what
happens today. Mando, it looks like it's going
to be a big week final week of October.
Mando is bullish. You have seen enough to see it
and you know what? I think this is a good way to go
to Tyler's top 1000. On FOMO, our calls the kids.
Hand the top story of the weekend.
For me it was AI mania. So AI16Z dominated mindshare
over the weekend after a Marc Andreessen post sent the meme to
$90,000,000. And a huge win for dowels dot
funds. We'll come back to that in a bit
Luna and the Virtuals protocol also big winners on the weekend,
reaching 200 million and nearly 500 million market caps
respectively. And goats storming back this
this morning over 100 million, though it is down a touch since
then. We saw the sole 8th ratio hit a
new all time high at .07 on Sunday during the Solana rise
that keeps printing new all time highs.
In Bitcoin news, we saw Emory University disclose a $15
million position in Bitcoin, making them the first university
to disclose a Bitcoin ETF position, though other
universities do hold Bitcoin in their endowments.
Metallic published part five of his blog titled The Purge
focusing on reducing Ethereum's bloat.
We saw called Tethers CEO come out and say they are not under
investigation after the Wall Street Journal broke news of
potential sanctions from the US Treasury.
So that tether flood came out on Friday.
Then Hong Kong is preparing for crypto tax incentives by end of
the year. And it's some positive news in
protocols, Rec drinks teased their liquidated lime launch
coming October 30th. Folks, we were drinking this
live on the show on Friday. So stoked for that.
Wayfinder Foundation announced it will host a prompt release
vote in two weeks with 40% of the prompt tokens to be provided
to Prime stakers. And then as I mentioned, Dals
dot fund went viral over the weekend after the success of
AI16Z. Memcorn majors, mostly green
Doge was up 6% this morning. It was a big mover.
We saw the Maraud memes flip mega green, led by SBX and
Popcat NFTS mostly red on the week.
The APU NFT collection saw the most volume over the weekend.
It reached a .22 ETH floor with several sales in the three to
four ETH range. We saw this new collection
Things We Say We Saw was the big winner on Ape Chain.
It reached a 5000 ape coin floor at peak, now closer to 2500.
Then runes. Runes starting to flip green
after what was a red week so you love to see that as well.
Yes, yes, yes. Where's our pups at?
I think it's right at 120 million.
So it's it's back, back in nine figures.
Manzo's laughing. I'm not going to lie, I'm
getting a little impatient, but it's actually 140 million.
It just. Pops.
Yeah. Wow.
Nice. It's top, top, top leader here
on the on Magic Eden, on the Magic Eden board.
Actually, Mando, look at that. I mean, the volume is abysmal.
Like the volume really is abysmal like when you've been in
the two. 100K volume, it reminds.
Me of that Friends episode. Which one?
I've never watched Friends. What?
I don't like it. I don't like these like sitcom
thingies. Well, it's hard It, I don't know
if it ages well, it doesn't really hold up over 20 years.
But I mean, I was deep in friends.
I I loved it. Yeah.
Do you? Remember when Joey doesn't
understand what abysmal means? Oh.
Yeah, I remember that. That was hilarious.
How did you not grow up on friends?
I I it, well, we grew up in France, bro, Like and then like
in French Canada, you know what I mean?
Is that me? What was it called in?
France is that me? I don't think I think it was
friends, you know, actually did you all got the friends
actually, in fact, that's what they do in Quebec.
They like translate everything in France.
They keep the English version, but they say it in French.
You know what I mean? It's very Aqua thing to like
translate in French per the laws, you know, and let's see if
not they jail you or some shit. Anyways, Tyler, part of your top
1000. I mean, what, what are what are
the stuff that stood up to you? I think the the AI16Z was one of
the more interesting stories of the weekend because it put Dows
dot Fun on the map. We actually did a quick segment
on this about a week and a half ago.
But the Dows dot Fun is where groups can come together.
They can fundraise desired amount of soul.
Once the fundraise is over, the creators take charge.
They can invest it via the protocol and then all the funds
have a set expiration date which the the funds get distributed
out to everyone. Well one Dowd created this AI16
ZAI agent to trade meme coins for them.
They gave it 100K of funds to to start with and then the idea was
to try to flip A16Z. They created some some fun
images for this and then somehow they got Marc Andreessen's
attention. He tweeted it out Saturday
night. I was at the desk did this so it
tweet and pump the token from like 5 million to 25,000,000.
And then overnight it ran 25 to 80, much to to my chagrin
because I did not, I did not choose to buy it.
But that was the big runner of the weekend.
Then we saw several other dowels tokens start to run.
So the thing about the dowels is, yeah, they they have tokens
that you can trade. So you can effectively trade
these these dowels. We saw a few run to a million.
I think most are, are, are kind of trending back down now, but
that certainly put that, that protocol on the map.
And I mean, I think it's still holding like 45,000,000, which
is 450X multiple of of its 100K funds.
So I'm, I'm curious how that will continue to, to trend,
certainly not necessarily endorsing that one as, as a buy.
Well, I think this is one of the hot new things is letting AI
agents trade for you. We saw this with the pump the
fun terminal that popped up last week and then that 16 Z.
So I I don't think we've seen the end of this and.
But it's, it's what's interesting is that like the
token, what was the net asset value of the fund?
The net asset value of the fund was like 700 grand or something,
right? Like it was something.
And that was from tokens that were like donated to it.
So I got run. Yeah.
Like I I think that the fun itself was still hovering right
around 100,000. Oh, right.
It was turning out a massive premium to to what the the fund
was worth, but. Sounds like crypto do it for us.
Exactly. But I think that's part of the
challenge of like you can actually when, when, when there
are metrics that you can properly evaluate the the value
of something. I think that's, that's, that's
messy. Yeah, compared to what we're
what we're used to. So we will certainly see.
I think that was the the biggest story.
We saw a few other AI tokens so. I love that someone's put we
need an AI agent tweeting out everything that Tyler's pass
passes on. Yeah, I didn't ask, bro.
He's going to send us micro caps that he thinks are going to run.
Tyler sees it all early and then just faint it all.
Yes, like go to 2 million. Yeah.
D Gen. AI was another one that ran so
that someone has trained it on D Gen.
Spartan suites for those who know D Gen.
Spartan. It's the same person.
Oh, OK. It's the same dad, That's why
Ran. Yeah, so I knew they were tied
some out. I I couldn't recall what, what
the time was. So then that one ran on the
back. So it ran to 30 million.
So those, those are some big wins for those who are around on
on Saturday night. Some of the other AI coins just
got absolutely destroyed. So Genon is all the way down to
seven. So like that, that's a 95% I
mean. What was that though like?
I mean, what was ever Genon I, I missed it that weekend because I
was in Europe and everyone was like talking about it.
I was. Like what was it, 200?
You didn't miss much man. It looks like didn't.
I know, but it just felt like it was.
Everyone was just laughing at that stage.
Right. I mean between this it was like
Genon so got sloth. I actually think shotgun might
have a chance. You know Shawgoth is like the
OGAI meme but I don't know where that is now. 12.
Yeah, like if I was to guess anything, I quite like Deez's
play on like the anti AI. Yes, I like what Deez is
playing. He's playing Clanker.
I I got I got Clankers exposure. And and Shogarth, I think, I
think I actually think these two are not too bad.
Like if you think AI is coming then I think people might.
This is the one this. Is the one I was in clanker for
a while it's it was a painful coin but.
Guys, he's faded it. He's faded it.
Hi. OK, bye bye.
He's fading. Tyler is fading this.
I probably exited around 2. So like I wrote it up to like
four or five. I mean, I thought it could go
like high because like this was this was the code play for
everyone who missed the AI tokens.
OK, I got to go guys. I'll speak to you in.
A bit, yeah, I I saw. That just didn't play well.
And then it it it came back this weekend.
Deez was euphoric and then now it's back down.
Yeah, it's so funny. So I saw that.
I mean, AI in general as a, as AI mean even like, you know,
truth from everything's kind of lower here today.
So we'll see where that goes. There was there was something
else that you mentioned. It's it's I I mean, there's the
NFTS, there's something else you mentioned I wanted to go over,
but let's go over the NFTS while I remember that.
So what is up in the world of NFTS?
The Apple NFTS are selling for a lot of money.
It seems that. Was that was probably the
biggest story from the NFT world.
So I I saw them, they were, they were turning on blur.
They did like 700 volume on Saturday.
But then there's the high sales that caught my attention.
So several of these selling in the three to four ETH range saw
one sell over six ETH, which we haven't and that's a pretty big
multiple. I don't recall seeing, you know
new collections see 30X floor sales.
Well, this is. Just marad, right?
Of of course. So this was This was an NFT
collection that was on Marad's NFT list before it even minted.
He talked about on the show. Which which cost some folks
attention of course it's tied to the APU meme coin which has been
doing pretty well. I think it's around 1/4 billion
market or so so that's why people bought this you know it's
trading at point 2.22. We'll see likely going to see
you know wow look at this price action tied to APU.
So APU's 300 million. Wow.
Yeah, it's doing pretty well. It's a.
Big shit bro. It's not.
Interesting weeks, yeah. It's a good week for the Murad
memes. I know they asked you to stop
calling them Murad memes, but we don't have to stop and because
it's simpler. I saw that tweet and I love how
Murad answer. You know what I actually really
love Murad stoic answers like everything.
You know what I mean? He's not like like he was like
someone's like you stop calling Murad memes on your tweet
because then like because you're associated to on them and where
I was like just call them best memes ever.
Yeah, so he's like, clearly reading all this stuff too.
Oh, he's very active. He's not like, and we talked
about it on Friday or Thursday, right?
Tyler was like, well, there's a new meta that comes, the older
meta that's like pretty much like anchored in starts like
pounding down, then that meta dies and people flow back.
And then we mentioned there was 22,000 souls taken away from the
trenches and everything, but it just happened.
Like what is it? Lock in 24 hour weight gainers
USA 40 points up lock in 20 points Bitcoin tiger Bitcoin 11
points SPX 10 points mini 10 points APU five points retarded
five points. I see retarded just had a big
ass weekend too, right, because I think it was no, that's 24,
but it has a good balance. Like what do you how do you feel
about the Murad memes here? I'm actually really curious as
to why Giga and Mog are like underperforming on that list
right now, but I think I think it all catch up.
So I, I need to run the numbers, but like 2 weeks ago they added
1.5 billion in market cap and then they pulled back since
then. I, I think the question here is
if they've, are we seeing the next leg up?
And I think a lot's probably going to depend on pop cat, what
pop cat does up top. We saw it hit close to $1.60
yesterday and the chart looks pretty damn good on the this
coin. So if this, if this one moves up
closer to the 2 billion range, I think we'll probably see the
rest of the board level up as well.
You got SPX knocking on a billion.
That's going to be a huge, a huge milestone.
And then Gigas hanging out at 5:20.
I mean, that one had a big week, right?
Like last week, when everything was down, Giga was the only coin
up. Not that much, I mean SPX ran
like 5X like like 2 weeks ago. That SPX run was nuts.
Like Giga had it's bigger run like maybe a month or a month
ago or or so it. Was here.
But it's been kind of just like consolidating since then.
Yeah, no, what I mean is that I think last week with everything
was Down gig, it was the only Marad meme that kept going up.
Yeah. Until like Pop cat ended up
catching up. So these aren't looking good
man. Like these are.
I think. I think what Mando was saying
is, and it makes sense, like a lot of people probably float to
the top Marad memes like of the list and that adds up right?
Like they'll make the money at the bottom of them and they keep
just like kind of flowing to the upwards.
Manda likes the top. I still I still I find myself
attracted to the bottom. Top and your bottom of.
Course, we saw, we saw some nice movement off the bottom.
I think USA is a particularly interesting one.
Again, disclose your eye on some of this into the election.
We've got a huge political event in the US happening in the 8
days from now. We'll, we'll see how the market
responds. Mando's the top and I'm at
bottom. Tyler did it October 20th, 2024.
Foma Hour colorized what it shows that I think the gold
terminal is making people feel all types of way.
Anyways, I agree with you actually.
I think I think what happens, it's like it's funny.
It's like all the top ones pump, then the bottoms catch a bid.
Sorry, it's kind of kind of like stay or like dumb.
And then it's just it just keeps flowing, right.
But eventually, like, I think what Murat says is that
everything flows back to SPX. That's what he claims.
I have no exposure to SPX, but I know that that's his one, right?
Like he believes that like SPX is going to be the winner of
them all and that all the money flows back to that.
So I think that's what that's that's the way Murat seems to
think per like, you know, interviews that we've dealt with
him and, and, and the stuff that I'm reading on the timeline.
So I guess we'll see. I know we're talking about NFTS.
Is there anything else happening in NFT line?
Because we went to Apple, went to the Marat stuff.
Chain so so ape chain went live on Magic Eden.
So if you pull up Magic Eden you you can see it pretty easily.
If you go to the ape chain tab, it's the further up top.
Is it the right? So there there was some decent
action over the weekend. So #7 things we say.
We saw 2700 eighth floor. It's kind of buried there, but
it's a newer art collection. Apparently the apes went went
nuts for it. It hit 5000 eighth floor.
What? What is ape at right now?
I have to pull this up. It's probably out right It's.
It's a dollar. OK, so it's a dollar.
So $2700 over an ETH floor. It basically hit a two week
floor. Oh wow.
And they're starting to see that that that feels like where the
majority of the action is on ape chain right now is is on their
NFT board. Well.
Yeah, you don't have high board and they wouldn't push.
Them right no a huge surprise given you know it's an NFT
native audience. The the the meme coin market
over there got slaughtered sadly.
RRIPRIP the ape chain memes. We'll see if they're able to get
much of A rebound, but that's mostly it.
I think NF TS broadly kind of a a red week down about 5 to 15%
across the board, runes starting to flip green.
I think it's the other story, NFT adjacent play.
So it's always interesting to see what's going to happen if
Bitcoin's going to leg up, what does that?
Mean oh, I did right. Puppets went down back to 12.12.
Yeah, the ordinals all dumped, Yeah.
Yeah, ordinals all dumped. Wow.
It's hard to even like it's hard to hold ordinals over ruins,
honestly. Is it though I I.
For me. Interesting, see, I don't I
don't play the ruins game. I like ruins.
I don't play the game. It's too much of A hassle.
I'm really just like in my pops because I've been in since that
thing and that it's a meme at this stage.
So I'm going to hold it to like I, you know, whatever, like
another two XI guess and start selling off some shit, But I
don't know is it? I sold my ordinals for more
Rune's exposure did. You sell your puppet.
I did, yeah. I have to be honest.
It's gone. Tyler.
I'm happy I did. They're down 30% from where I
sold. Everyone who holds a puppet
bully Tyler. Everyone bully Tyler.
We'll see how active that community is.
I'm not sure they're that active.
You asshole, I just can't play with you.
But you know what though? What's the puppet price in
dollars? I know that's cope by the way.
Like when you start pricing your NFTS in dollars that means?
I guess in USD it's OK. It's like 8.
I see 8600 a puppet. They went all the way to like
.4. I think it was .4 like. 25 KA
peak. They were 20-30 K at say, OK,
yeah, I mean, I think they hit that again, but it's going to
take a while. So that's that's what I'm
waiting on. So anyways, OK, there's that
look at it. Look at Bitcoin.
Go wants to go higher. You absolutely love to see that.
What else? Well, the sole 8th ratio, we
didn't really talk about it in Amanda's.
Section I know I I don't like talking about it, but you can I
I I I it's cursed. It's cursed.
We don't. We don't have to, but the chart
is just striking. I don't talk about it because
every single time people post it, usually it tops.
We're lucky we got away with it the last week or so.
We. We.
We topped it yesterday. So I mean, it's, it's down off
the all time high. But I don't know.
I, I think it's, it's, I think this thing is headed in One
Direction. I think the, the question is
what, what, where does it get? Does it get to .1?
Does it get to .2? I mean, .1 makes sense.
Point. I mean .1 feels like it could
happen in 2024. You know, .1 I think is, but I
think .1 is a fair value we think.
It'll hit. I think it will get it in 2024.
I think that's my my hot take. I think we see .1.
I don't. You know, I like it.
I like I, I, I mean, I think .1 is a fair valuation as well
versus like how much it's used. Like we're not even here calling
for a flip inning or some shit, right?
Like we're just saying, we're just saying, hey, it's going to
be .1 so. The, The thing is that that's
the price ratio. It's not the market cap ratio.
So the market cap ratio would be closer to like 3:00 to 1:00 at
at that point in time. So I think that that's also part
of the calculus from from a price standpoint, yeah, ETH
Seoul gets to 250 and ETH stays at 2500.
I think there's some scenarios where that plays out.
I mean, there's a huge scenario that this plays out.
I mean, you know, ETH Maxis went from saying that ETH needs ETH
is going to go price going to go higher to like, no, ETH is just
an infrastructure to build on. So you know, when you start
capitulating on that stuff, then the rest comes in.
We'll see. But there's definitely there's
definitely more Altos coming out every week and and launching.
So we'll we'll see where that takes us.
It looks like there's some downtime right now with Phantom,
by the way, during the show, making Phantom experiencing
downtime due to major back end incident.
So if, if yeah, there's a reason why the means are going up
because manless can't sell them. So looks like looks like
Phantom's down. Oh boy.
Yeah, Phantom has seen some outage at the moment, so don't
freak out people. 26 minutes ago.
We're currently experiencing an uptime incident and some
services may be temporarily disrupted.
Is this like the equivalent of like Coinbase being down like
normies? If you are in urgent need of
making a transaction, please ignore simulation errors and try
using the DAP adapt. So don't worry y'all.
It's not like it doesn't like the chain doesn't work.
It's just like a phantom issue. Thanks for patience and as we
work to resolve this issue. So looks like they're just don't
freak out if you see phantom bugging out.
All right, Well, Tyler, I think that was a great Monday recap.
From tomorrow on, robot giveaways are back.
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