What day is it? Dude?
I don't even know. It's summer is like Saturday,
Saturday, Saturday Saturday as soon as you work every day like
a dog. So it's like Monday, Monday,
Monday, Monday Monday Monday mixed with like it's like a
weird, sketchy, weird mix of like Monday on the top of the
inside at the bottom of the day. What day is it?
I Jenny? Tuesday it is Tuesday.
It's today Tuesday June 11th 2020.
Look at that another beautiful day to have a beautiful day,
another day in paradise. I got my Co host in the house
Tyler with hat Mando. How you guys doing today?
Doing amazing man, how are you? What have you done to us?
What's happened? Did you?
Would you? I don't know.
I'm just blaming the price action on you this time.
This is exactly what I said we should.
We could get like a 5% move to that lower band and now, now we
can rally, right? And, you know, we'll blame the
rally on you as well. Great.
So it goes both ways, you know what I mean?
What's up, Tyler? How you doing?
I'm good. Prices are red.
Who cares? The the the sun's shining.
We're we're feeling good. The head's staying on.
Did someone ever create one of those poems?
Like prices are red, whatever is blue.
Like prices are red. My balls are blue.
Something, something, something. It feels like it makes sense.
You know what I mean? Like, you know, could bread
prices give you blue balls for not having sold?
You know, I don't know, like there's like a thing here.
This is a poet in me. This is a poet in me.
Some, somewhere I need to just like channel it.
Fun fact, my great grandfather was a shots poet in the 50s, you
know, fun fact, fun fact. So it's it's in the blood
anyways, dude, I don't know, man.
Like I just like, there's so much going on boys, so busy, so
crazy. I'm sure you couldn't both
relate. Anyways, today's show today,
today for more episode 135. Jesus Christ.
All right, well, quit macro, crypto market report as usual,
macro, yada yada yada. Prices are definitely red today.
You know how I know that I close all the charts?
Simple. That's how you solve a problem.
You know what I mean? Like I usually have like 8-9
tabs open but on red days I just close all of them that's it.
I only have Twitter, robit and fantasy top.
The problem with that is the timeline's going to tell you how
how red it is. It would be painfully obvious.
Trust me, Wizard of Soul is definitely reminding me in the
group chats what the price is. Anyways, we'll talk about that.
We have the ZK sink AirDrop. We didn't touch on that
yesterday, but I don't tell you you kind of alluded to it, but I
kind of want to go into that this morning.
So there's there's that to talk about.
You have Solana validators getting attacked, you know,
kicked out for sandwich attacks and Solana also not nothing
really good, but we'll talk about all this stuff, blah,
blah, blah. I mean, that's about it really
on that market side. It's a heavy macro week, right?
Like Amanda was talking about this yesterday.
So it's normal. You do have you do have China
more news out of China this morning.
So we should discuss that following the bibit news last
week. So more, I guess, on the
positive side again. Yeah, so interesting.
And coin, maybe I added to the S&P 500.
Look at that. Extremely interesting times
ahead. Tyler's top five or seven or 12.
We'll see what he's got for us, but seems like there's a bunch
of stuff going on as well on that front.
Wait, Fantasy won a gold jackpot again?
Yes, early this morning we won. Yeah.
You should have hit. It's like a 2.4 gold per card.
Oh, right as I burned 30 cards. Awesome.
Fuck me. All right, well, I guess we want
Yeah, it's funny. I told myself we're going to win
the the goalie. And yesterday I was like, well,
because I saw a post saying like the jackpot.
And I was like, yo, I have a feeling we're going to win it
again because it's like the third time, I think, or fourth
time it's it's, it's, it's wild. And then we'll go through all
this and then and then that's about it.
And then last but not least, you know, this show is powered by
Moonpay to buy and sell crypto with PayPal down the Moonpay app
and fairside network on X wallet coverage for drains scams and
more. So anyways, anyways, anyways,
yeah, yeah, yeah, you can't yadda, yadda, yadda, us.
Yeah, there you go. This.
I saw that comment. Of course I can't.
Mando what? Give us a market report.
Can you dig it? Yeah, sorry, that was loud.
Let me there's some loud background noise.
Give me one minute. Just play some elevated music.
OK. Oh, wait, I I do have.
I do wait. I do have.
We, we actually, you want to laugh?
We do have a elevator music. We do we, we do have it.
I'm back. Hear it?
Hear. It no.
There. It.
Is and he's back. All right, Mando, back to you.
Momentarily, I could leave my door open and.
Then. Yeah, the market's gone a little
bit S but, but kind of, I don't want to say that we've said this
in the show, but we kind of had like this is just in that little
range that we thought would happen.
I really do think that that's the only way.
The only way I think we break out of this range is by going
lower first. I just don't think you break out
of these really long ranges by edging out of them.
Needs to be a full on hope is lost and then smash higher.
So this makes me feel a little bit more comfortable around the
market, genuinely. I know that might sound weird,
but I kind of thought this might happen.
So Bitcoin had one outflow day. That's basically what it is.
They had 60 million of outflows after 19 days of inflows and the
market freaked out as soon as Africa came out, literally the
moment it came out, markets dived.
This is on the back. We had nineteen straight days of
out of inflows and everyone, everyone just lost their minds.
Interestingly, open interest has stayed relatively high on this
move, which which shows you that shorts are being added as we've
gone lower, which is probably a decent position to be in.
But this in terms of the majors, unlike last time, this kind of
affected Bitcoin and everything else kind of moved the same.
So each Bitcoin Solana all moved down 3% whereas before you know,
Bitcoin moved 1% or also moved 10%.
This was a bit more of AI know Bitcoin adjusted it was it was
kind of a similar sort of move. Interestingly, some of the major
meme coins have has slightly outperformed.
I would say on this move. Pepe's fairly low on the day
with whiff is down, but it was actually doing OK up until about
like an hour ago. But definitely Pepe is is is
showing all right and bonk on Solano is doing it's actually I
think even up on the day one coin Solano.
So. Yes.
Surprising that those yeah those two have really held up all the
other ME altcoins have been yeah kind of badly hurt I would say
in this move. I like the market here, man, I
really like it now like this is perfect.
You have lops going on here saying that we've like it's the
end of the dollar and and everyone getting super bearish
stocks just hit all time highs yesterday just to let.
Everyone know I feel like you see this like every day.
Well, this is. Not on the good way.
I'm not on the good way, yeah. It's like if you're in your
little CT bubble, you'd think that the world was was falling
apart. Yesterday stocks hit all time
highs. Like I said, they are marginally
lower today. The NASDAQ is down nought .16%,
nought one 6%. The NASDAQ is off all time high.
The Dow. Similarly, the S&P is down
nought .3% from an all time high.
Gold is higher on the the day, the dollar, the dollar is higher
on the day. So if you were, if you were
lapping around on CT and saying this is the end of the world,
well, U.S. stocks are all time high.
The dollars higher over the last 24 hours.
So I don't know what you're talking about.
So you don't. Just don't get yourself in this
bubble. This is just a sideways market
where everyone's thrown out crazy views.
It's just like what we saw literally a month ago with the
with the Goldilocks bullshit. He's.
On fire today. That was being thrown around
like this is exactly the same, didn't like the market macro.
There is some trepidation going into into tomorrow's FOMC, but
my guess is it's going to be a relatively sorry.
You got to go. No.
And yeah. So definitely it's going to be
the big thing tomorrow and we're going to get the CPI figure
tomorrow. I guess it's where we're going
to have a slightly bullish. The kid, the kid wants to get on
the show, she's a superstar already.
She's running the kid. On the show.
Like that? Do you know that?
Do you know that BBC presenter that happens?
Come in. Yeah, one of those moments is
then, but yeah, the yeah, I wouldn't worry about anything
till tomorrow. And my honest opinion, my honest
opinion is that the Fed, there is a 96% chance the Fed doesn't
cut rates. Everyone is going to this
thinking the Fed is not going to cut rates.
It's really, it's a low bar to beat.
Even if he is marginally dovish, marginally dovish, it will be
seen as as very bullish to this market.
And my, my honest opinion is that he will be just because
inflation has come down a decent amount.
And yes, we had a high NFPS figure, but there's a lot of,
there's a lot of, I would say manipulate, not manipulation,
but like you can't read into that one figure.
Like I would say a lot of other things just point to a slight
slowdown. So I think he will come out
slightly dovish and I think we will rally, but I think it'll be
volatile. And this is now the perfect set
up, right? We've just hit this this lower
band of where we've bounced the last.
Should I bring? The lines out Should I take the
lines out you? Don't have to bring up you bring
up the chart because you can see we hit this, we've hit this
error several times and this has been the recent lower bound.
Below the line. So you know what we do here,
Amanda? We just do this.
Yeah, exactly. But but like look at this is
where we've been bouncing recently.
We bounced there about 5 times. Let me draw so.
It's got this. Perfect moment where like if we
now go in tomorrow and we kind of stick around this sort of
level that's this is the now set up where I can imagine us
breaking through that all time high.
You mean this level here? The 66.
Yeah, we've like bounced here like 1-2, three, three times,
right? We've hit maybe four like a
bunch of times before. We.
Bounced at this level. 6:00-ish, I mean 78910, you could argue
that this is the same level like $400.00 off and that's 13 RAM is
sort of. Level.
It's the 15th time actually, like you said, in three months.
So going into tomorrow, I'll look at this and go like, yeah,
OK, you could say that if we break down lower, this could be
bad. But my personal view is this is
exactly that. You could have a rally through
that top, that top level. Yeah, love that Matt Tyler.
What do you, what do you, what do you make of all this?
15 times bouncing here. Our boy Mando called it
yesterday. Says you word for word, though.
I remember because when I woke up this morning, I was like,
fucker, I did it again. You said 66 K and then we could
rally again. Remember Tyler?
He said that right? He's been spot on.
He called it last week. He said don't trust the the
breakout, don't long the breakout.
Just wait like we we need to fall and then that's when the
real move will happen. And he said a few times, of
course, I got way too excited on the breakout today.
We got past 72 like I always do you.
Hit me back. And then here we are.
But I mean, if you take a step back, like the timeline is so
like panic, like full of panic boys, it's so wild.
At the same time, like you've got ICBC, the biggest bank in
the World Bank in China, who are publishing like praising heaps
of praise on Bitcoin and gold. They're they're explaining how
Bitcoin is better than gold. They're explaining how ETH is
digital oil. And I mean, we just keep getting
these, these macro headlines. So just zoom out.
Just stop worrying about this. Yeah, no, of course I totally
agree. And this is the news, right?
Just in the biggest bank in the world, $6.2 trillion industrial
and commercial Bank of China says Bitcoin over gold over
USDICBC has written 3 notes to investors more about Bitcoin in
three months. Some highlights Bitcoin has
unique cross-border transfer and payment functions.
Bitcoin may benefit from the end of the USD rate cycle and the
debt crisis in marginal countries and then Bitcoin
retains the scarcity similar to go through mathematical
consensus with solving this problem of being difficult to
divide difficult to identify authenticity and inconvenience
to carry. So China is bullish, it seems on
Bitcoin and you're right, you know, I think about you guys
both talked about it and not yet the oil mentioned.
Yeah, they mentioned visual oil and and Ethereum, I think right
in in this latest one. So we mentioned, we talked about
digital a few days ago and, and, and we just talked about this
here. I you know, what's interesting,
we talked about a lot about the timeline.
I think it's just that people are bored.
I think people are just bored. I I, I, I think like that's why
every time something going on, because obviously everybody's
positioned in like meme coins and obviously like the second
Solana goes down, what Solon's was down seven points in the 24
hour or something. What is it?
Something like that, right? Sounds down wide, let me tell
you. Four.
Sorry. Four.
Never mind. Four would be that big a move, I
think it. Was I thought it was more man
though I then you thought it was more It's actually it's 3.88 to
be precise. And then of course like whiff
will sneeze bigger. Like whiff is that no whiff is a
4 1/2 points like. Exactly.
It's not like a couple days ago when Bitcoin moved 1%.
All these things moved 10%. Bitcoins moved 3% and
everything's kind. Of moved so.
It's not looking as worse as bad I would say.
It's on the week that it's done more.
You know, like whiff is down 23% in seven days.
Like I get that, you know, it's Pepe is on 15 that's.
About a lot of. Pepe Whiff and Pepe haven't
traded so well. Pepe 5 billion is appetizing,
though. Pepe, Pepe, Pepe.
Looks pretty beautiful to me here, right?
It's outperformed on this move lower.
It's it's holding up relatively well and my guess is that.
Look at this setup. Think of that, right?
This looks good to me. Remember I texted you Inovi, I
think it was two or three weeks ago and I think we were dipping
a bit on Pepe and I was like, I was genuine curious about how
you guys feel about like, where do we buy Pepe again?
Like where does Pepe become by? Is it under 6, under five?
We kissed under 5 and we bounced just above it Right now, if you
believe that, it's the top ten coin.
Well, I moved, I moved some of my Pepe.
I still have a a decent position in Pepe to whip and then I moved
it to Solana and then now I'm going to move it back into Pepe.
Damn you, you've been moving stuff around a lot like that.
I've never heard you. Dude.
You're like all over the place right now man.
Are you treating like crazy? No, I really, it'd been in Pepe
for a long time, right? Been in Pepe for a long time.
And then I thought it would underperform and luckily like
that whip move help me because it went up and I managed to to
take it out for Solana. And now I just think it looks
good again. Like it just looks good.
Pepe's just a long Pepe is the buy of this cycle in my opinion.
Yeah, I mean, yeah, I mean, it doesn't have a hat on, so if you
don't mind sitting with, I have. A lot.
Are there any clear Pepe beta? I was just like the the Pepe
returned. Austin, I genuinely think MOG is
the Pepe beta Tyler because I I've been following both coins
for long enough, like actually like all every day since
probably inception. And I've noticed like it when
Pepe retraces mock retraces hard.
But when Pepe rallies, I can only remember like that rally to
7 1/2 billion dollars for Pepe and then MOG just went 3X like
he went from one fifty $20 million lows to all time highs
nearly 700 million is. There any OTC supply in in?
That was funny. That was hilarious.
That was that was. I don't think so.
It's like the the OTC that's got running out of coins.
There's only 40 mock coins left on the Yeah, we're just, we're
just shooting this shit here. I, I like my MOG.
I still have, I still have a lot of it.
Still have a lot of it, you know, actually quite a
significant position. It's my biggest position on the
theorem. I I, I don't have any ETH.
I have it all in MOG. My ETH at least, You know, it's
been like this for a minute. What about you, Tyler?
What's your, what's your, I mean, this is a question.
What's the Pepe beta? Actually, let's expand on that.
Do we need to look for Pepe beta or just big Pepe, right?
What do you think, Tyler? Well, I'm thinking for the the
boys in the trenches who haven't made it this cycle like they're
they don't want the like, I mean, what's your, what's your
target on return on Pepe? Like 50% maybe, maybe one to two
X and like the the biggest bull run. 4X.
Yeah, it's from here on. I think most I was saying this
other I think most things are two X for me.
OK. So you can.
Three XI think Pepe could get to 15 to 20.
Sure, and that makes sense. What do you think, Tyler?
I think it can absolutely get there.
I still think there's, there's a lot of folks who are looking for
like an extra zero behind behind that ROI.
And that's why I'm talking about the beta plays.
And I, I think MOG is super strong.
I don't know if MOG is the, it's like Mog's going to get the same
return as Pepe gets. Like I I don't think it's going.
To get it's Yeah. What do you do?
Oh, I mean, we're talking about Ethereum.
But yes, Pepe, yes, Oh my God, that one was great.
That one was that was good. That was good.
I mean, Tyler, what do you what? Yes, yes.
Eddie, duck to a buck. Here you go.
And we're still deep.
Where's the I like? To a 50X guys, it's a 50X.
Duck to a buck is a 50XI. Hey, like bread guy actually
just tagged us in something he said there's some interesting
holder account stats that he's crunched together.
Yeah, for across all meme coins across pretty much every single
you know, across every single thing.
So Pepe has the most Pepe is huge holder count, but ton coin
nought coin has 2.2 million holders.
Let me zoom in like this for you guys to see.
So you look at that. That's interesting.
Thank you Brett guy. So look at that.
So including that. So it goes ton and pack outliers
holder accounts. So you have nought coin has 2.2
million holders Like if anything is nought coin the buy at 1.9
billion? Like Knocco is doing more volume
than peppet here. I think the the thing to point
out here is that not coin, bonk coin and PAC moon were all air
drops. So the reason why for example
bonk has 734,000 holders because it was an air drop.
Same for not coin for pretty much anyone who's on telegram or
on on the time chain and same for PAC moon.
So it's difficult to say like like.
I don't know about Brett, Brett looks.
Is Brett also an AirDrop? That seems really high for.
Brett thousand holders, Brett, Brett Guy Brett on Brett like
the does it have 300,000 holders?
Maybe. 300,000 users on base. Pepe wasn't an AirDrop right?
And it's got 200,000. Let's look for, let's look for
ourselves. Let's just go on ether scan,
right? And then put the contract
address of Brett in there. And by the way, by the way, by
the way, forgot to mention the beginning.
Make sure you're between the Twitter Spaces following FOMO
hour and roll bit because we have the roll bit spins at the
end of the show. So don't think I forgot about
that. I prepare.
I spent like a quite a bit of time this morning preparing the
roll bit blue boxes. What do you see again?
You go, where's it? It's not giving me Brett.
Usually I do this and I go hold. On is it?
Is it on base scan? Sorry I'm stupid.
It's base scan. My bad.
I was on ether scan my bad. I I I'd like to double check
that Brett here boom yes, I can read the chain don't worry 350
yeah, he's right, but you know there was the whole saga of like
you know this I don't know right Brett, I don't I saw the thread.
I don't know about the whole you know what I mean is it easy to
disperse tokens on like EV like L twos and Solana included.
It's easy to fake the whole account right.
You can just send a coin to like a bajillion people, right?
Same for blast, same for I'm not targeting 1 chain or one coin
here. I'm just saying generally it's
hard, I mean shot to break ego 'cause that is, that is a,
that's some interesting statistics.
I personally, I like to slow grind like like I like to slow
grind like Pepe, for example, turn 41,000 holders, like we saw
that happen organically from day one, right?
I like, I was going to say like whiff as well, 'cause look at
Floki, right? Floki said $2.7 billion, right?
It's got 80,000 holders and you have Pepe who's at 241,000 with
it 140. That's actually really
interesting statistics, red guy. I like that.
Like you go both ways, right? It could go both ways in terms
because you always, you always mentioned that Mando like how
many the how much the average holder owns of the coin in order
to kind of like decide if you like the coin or not.
I've heard you kind of like make that argument.
But it gets it gets really screwed up by these coins that
do huge air drops basically is what I'm saying.
Like I don't even include things like bonk or, or it's almost
impossible to know. Whereas Pepe, it's much more
easier to do that with organic coins.
You know, if a coin hasn't done an air drop and it's sitting
there at, you know, 10s of thousands of holders, that
always looks good to me. But at the same time, it's been
weird this market, right? Like we spoke about this, about
Brett and about even that beer token that happened last week.
Like organic in this market doesn't necessarily mean high
price. But this, this is a yeah, I
agree, this is very interesting chart.
To me, Pepe is the outlier again because it goes per by holder
account per market cap, right? And look at where Pepe stands.
Interesting, huh? Yeah, huh.
For words were that cock one it's not bad either Avalanche
one I've never owned it but I keep seeing it everywhere.
It's not looking bad. How many hole does it have It's
70,150 KA 150 mil. This is not bad dude.
If you're playing Avalanche, that's like thingy like that's
the only the best Avalanche beta play, right?
Tyler? Have you have you played
looking? I'm always looking for the best
Avalanche beta play. Good.
Like, hey, it's there to stay there.
Yeah, I I've been playing on Ajax a little bit.
I mean, I bet beta play. I went to the to the cock beta
play. So I I played no chill after
Kaleo was relentlessly. Yeah, yeah.
No chill. The good though.
He cooked though. Kaleo cooked.
Did for a while, then it stopped.
Interesting. This is very interesting.
Brett Guy. I'm gonna retweet it for people
who are curious about it, but he he posted it under our show
space. Wow, look at that.
I'm gonna retweet it for everybody to see it.
There you go. You can find my calendar.
It's right there. Just replied on our on our thing
here anyway, so there's that macro wise, I think that's about
it. Amanda, when are those numbers
coming out? Do some DE risking across the
board Is today, tomorrow, Friday?
You're muted. Tomorrow we'll get CPR at 8:30
AM and then in I think about 2:00 PM you get the FOMC double
and then it'll be. One day.
Yeah, it's a big day tomorrow for that.
Big day. OK, before we go to Tyler's top
five, though, this is the I had to bring this up.
This was Mendel earlier. This is so good.
For the wider. Region, I think one of your
children has. Just walked in.
I mean shifting, shifting, shifting plans in the region.
Do you think relations with the North the other one going in is
this so I will be thank you the pardon me.
The Manny. This is Manny.
It's his wife. Oh.
My God, this guys like that. This is going.
To be for the region. Well, hold on that little one.
The second one I got a Oh my God, yo, that's one of my
favourite. This view's got 60 million
views, man. It's 70 years old now.
Oh my God. So when you mentioned that I had
to play back. That is one of my favourite
videos of all time. Look, let's love macro.
We'll see where it is. I actually do love Bitcoin here,
man, though, but I'm going to stick to my guns.
Don't do anything. I may, I may, I may get back in
in some Pepe here. I may get back in some Pepe
here. Just just with you, just just
'cause I see only thing where I wake up in the morning, I feel
like I don't have enough of is that it's the only coin I wake
up. I'm like fuck, like I want it
and I have the chart open at all times and look at I'm like, oh,
at what point do I bid it? You know, 5 billion for A3 to 5X
for three to four X. I'm in a DYORNFA, all that good
stuff. Anyways, you know the bears this
morning, they had all these tweets drafted, they were ready
to go. They smashed bys.
But you know what? One man here is ready to bash
some bears for Jelly. NFT and crypto analysis, Tyler.
D on FOMO. Our calls.
The kid can't. Ready to bash some bears?
We'll stick to the top five today.
So top story ZK Sync. They shared their highly
anticipated AirDrop details for that ZK token.
It is coming next week as AirDrop June heats up.
We've got Speaking of Photon, they teased their first AirDrop
coming June 17th here in less than a week as again AirDrop
June gets better parallel, they changed the Prime token unlocks
after the token fell. The market did like this new
changed unlock schedule. Prime did rebound 6% on the day.
In a bit of a surprise acquisition we saw at Uniswap,
they acquired crypto the game furthering their goal to build
products that offer the best on chain experiences for their
users. And then over on Blast, Yolo
games launched a liquidity bootstrapping pool force Yolo
token ahead of its AirDrop. They ended it early due to a
security vulnerability, but I think the the bigger headline
here is low demand. They'd only raised about
$150,000 before they shut this thing down, and a sign of
potential struggles over on Blast Some, but that that was
the quick rundown here. Too much going on today.
Yesterday's top was like crazy. You know, stacked.
There it is. There's a little little bit of a
slower, you know, midweek type of day, Tyler, but let's talk
about ZK because that that allows us to talk about because
this is a pretty so is this like going to be a big AirDrop?
Like what do we are? Are there any estimates here on
how big this AirDrop is? Yeah, this is going to be a big
one. So this morning ZK Sync released
its AirDrop details along with an AirDrop checker and full
documentation. The TLDR is going to be the ZK
token. This will be a protocol
governance. Token.
The supply 21 billion, 66% going to the community.
The AirDrop is going to be 17 1/2 percent of the supply, one
time AirDrop, that's 3.67 billion tokens.
It's going to the users and contributors.
The allocation is split up 89% to users, so that's very solid.
5.8% to native projects, 2.8% to the communities and 2.4% to
builders. Nearly 700,000 wallets are
eligible, basically requiring transactions on the ZK Sync, ERA
and or light chains. The claim will be next week.
We don't know the specific details, but we've seen the FTV
targets around 7 billion, I want to say.
So 17 1/2 percent of that coming out here next week.
It's a pretty big stimmy coming to the yeah.
Well, one of my wallets, my feroke dot ETH wallet, is not
eligible, so I hereby announce that I'm going to be flooding
Sarah Drop I do. Have anything on ZK or no?
What? Do you know?
Anyone that uses ZK sig? I said, did you do anything on
it? I own a pudgy Penguin but it's
in my vault so maybe my vault is eligible?
Maybe your vault will be eligible.
Yeah, I think. Eligible.
Yeah. 8721 ZK in my vault. Let's go.
Pudgy yellow, yeah. So 30 cents, $0.30 per.
ZK or $100 per ZK. Yeah, everyone's been saying
$1.00 per ZK, which puts you at $21 billion market cap.
I'm getting block vibes for the FTV here.
Dude, I. Who's buy?
Who is buying the ZK Sink? We're getting back to that
period where I'm getting on calls and motherfuckers are
throwing valuations at me and they're pretty wild.
I'm getting, we're getting there lads.
We're I, I get on calls all day working in the back end on a few
things for us and the valuations are being thrown are pretty
wild, pretty getting there so. What do you think?
What do you think this comes at? I have no idea brother I.
For blasters in two weeks. I mean, dude, like, I like, you
know, Ovi, right? Ovi was saying, oh, like blast
is like $20 billion. Fifteen, $20 billion, right?
I think that's why it's 102010151520.
Anyways, the Blastopians are calling for 10 plus.
Do you do? Do people not realize that $10
billion open puts you like top 13?
Like I like, I like do you think like the average like agent,
like the new participant knows what the fuck these chains are
like Blast UK and everything. Yeah, I mean, I just think that
where's, where is Ava? Where's fuck me?
What avalanche? Avalanche is there 12/3.
Is it 12? And there's actual stuff built
up. Where's AOB?
Where's AOB these? Days way lower man.
Arbitrim is 40 something on the list now 38 Sorry it's up point
O 1% today. 2.7 billion, dude. So Arbitrim's at 9:00.
I'm sorry. Yeah.
No, no it's not. Yeah, FTV and where's optimism?
Yeah, fine. OK, fine.
Fully diluted 9 like. Optimism's nine ZK, I would say,
yeah, probably about it's kind of between, between.
It's going to be lower than both of those, I think, I think.
Yeah, 6/7. 6-7 would be would. Be good.
I was. What do you think?
Tyler ZK Open. I think it's going to go a
little lower. I think I've received 5 to 6
billion FTV and I think Blast comes out higher than that.
I think Blast will come out higher than.
Well, let's talk about that because you're saying it's a
little cool off right now on blast, like 'cause you think we
couldn't get on it yesterday. So what?
What's the latest on Blast right now?
I, I still think there's warning signs.
So Yolo games, you know, it, it's been what a, a consistent
top 15, top 20 revenue generator, you know, across
chains and they've been doing pretty well.
They've got the AirDrop coming and they tried to launch this
liquidity bootstrapping program yesterday.
No one, no one wanted it. I mean, perhaps because the FTD
was too high. I think they were raising it
like 100 million. It was on a bonnet current.
So it started going down. That felt way too high for for
you. Like that was my gut read.
So I wasn't going to go anywhere near it.
So and perhaps that the lack of demand a little overstated.
I don't think that's the driver, but you know it does.
So the bull case and bear case and the bear cases like blast
has gone. So gamble fly like you can make
the argument like are there true users?
Are there true builders coming to the chain?
Is it going to have any sustainability?
I mean, we'll see the 26th, right?
The bull cases, we've got games like Wolfgang moving on over and
just PAC Pacman incentives will be enough to to keep the token
high enough. I think it is a pretty core
foundation of the of the bull case.
We'll see. I'm I don't know.
I don't know. It's I I saw a tweet yesterday
from actually, I'm curious about your thoughts on that, both of
you. Evans SS6, he said can we put a
tweet out? He said, I'm going to read it to
you guys. Can we agree to stop making new
L ones and L twos after monad and mega ETH?
It's time to build apps. We have the infrastructure.
We're on the infrastructure and apps building side of things.
It's a lot more boring, I guess, because we're not getting $20
billion valuations at that time. But you know, for ghost chains,
but these just people that are going to probably use while
we're building. But you know, so I, I get what
founders are, are leading to. What do you guys think?
Like what's, where are we at right now with this?
Like what? And this one I try to give apps
like fancy top more more like I want to see more exciting apps.
Like I want to use these apps like I I want to play these
games And I think people are so they just love to run on them
and talk quickly if they're going to fail and and how their
their P and DS and all all these types of things.
And it's just frustrating to me same stat is that calling fancy
top out on the timeline basically for not distributing
more of their 4000 ETH. They're not getting super into
it. A lot of blast have done that,
but we need teams to make money off their apps to to have runway
and to have incentives to build right.
That's that's my read on. So actually I disagree with him
on that. I'm I'm happy they, they've kept
some money back and we need, we need these incentives for more
apps to continue to come out. So that's that's my Brad Reed.
Yeah, yeah, I guess. I guess we'll see what happens.
What do you think, Mando? Of all these L1L twos?
I'm, I'm hearing, I'm hearing epic chain.
I've heard some rumbles of someone of an epic chain.
I'll share this. Mando Frozen.
No, he's here. I I would broadly agree with
that sentiment. I don't think that people are
not on blockchains because of speed anymore.
Like you have speed for most things now.
So it's not really a tech issue in terms of like the, the, the
rails that are being built. It's just the actual getting
people on there. What would you want to see on a
blockchain? I guess it's like the next
question. Some part of me thinks that the
best thing is, is always going to be transfer of just transfer
of assets, transfer of habit as a means of exchange and and
securitization of assets. But I feel as though sometimes
when we've tried to move other things onto chains, they quickly
get debased to this ultra financialization, ultra
gambling, which I don't think necessarily is for everyone and
can slightly harm that. Like one of the main things
levelled against gaming, for example, is that everything just
gets debased so quickly. And you know, if we were to put,
let's say your favorite game, let's say we put COD or we put
or we put GTA on the blockchain, like, and suddenly it becomes
like an economy. Does that debase it to a certain
extent? Like if it does, people just do
it over financialize the game and ruin and ruin it and do the
economics of that economy that is created.
Also, they're unsustainable over a long, long period.
So that's kind of, and I'm not just going at gaming, I'm saying
that about a lot of different things.
People could even say that about NFTS, right?
Suddenly ARC got debased like the most financialization, like
the most gambling aspects of it. Like you really were just in for
the addition and what floor price the addition would price
at or like how quickly I could get out of it.
So whenever anything touches blockchain, it just suddenly
becomes like ultra financialized, I would say.
And I think that is something that we probably have to
understand is, is that maybe the applications have tried to come
up into this space and at times they just they just haven't
found it be that perfect for like actually building long term
value because you instantly get a bunch of people who are just
here to just gamble as quickly as possible.
So I think, I think that's just something that we we probably
have to wrestle with for a while.
But you if you, if you give people the ability to speed run
economies on different utilities, they're probably
going to speed run the biggest way to gamble and make money
because people are here who are trying to make as much money as
possible. So I don't know he's he, what
he's saying is correct. But I also think that the
utilities such application side of of crypto, it might not be as
broad as we necessarily hoped at the start.
Like my, my honest opinion is the best, the best use case for
crypto is as a as a means of exchange.
And then other things will work, but it'll probably take a long
time and a lot of effort and maybe only a few things in
within each niche will work. Which is why also I think meme
coins are a good use of crypto because they're a form of
exchange and you speed run the idea of like, can it work?
There's no, I don't know how to describe it, but there's,
there's a purity in the idea that it's just a gamble and it's
just us trying to create some value out of nothing rather than
hey, this is our or this is a game or this is, I don't know,
some other veil which then quickly gets converted into
just, you know, 100X gambling. OK, no, that makes sense.
That makes sense. I mean, I guess we'll see.
I mean, what apps, what apps would you like to see?
I'm actually curious people, if you want to live comment on the
on the, on the, on the timeline and stuff, what, what apps would
you like to see? There are some apps I think make
perfect sense for for, for like crypto, like prediction markets
and a bunch of others. But meme coins like in terms of
like that. I think also Socialfi was
mistakenly thought people thought it was going to be
different apps. So Socialfi is just integration
within current apps, like for example, Fantasy Top being some
sort of like a Twitter L2 or like you can bet on heroes that
are tweeting and get rewarded for doing that, etcetera.
Like I think stuff like that makes sense, but would Fantasy
Top be successful as if they were forcing you out of the
Twitter? Probably not.
It's Fantasy Top successful so
far because they they're directly tweeted within like,
oh, Tyler's tweeting or you know, Mando's talking about this
and that I think would be good. By the way, Mando, you're
climbing up the ranks. I am now the worst out of us
three. Yeah, I haven't been tweeting
much. You've been tweeting more.
Tyler's always Tyler. It's unfair.
Tyler's a second Gen. hero. You know, he's got chip on your
shoulder, you know, low follower count, but very high engagement
count. You know, he's out there 54th
right now in the hero ranking. Mando is.
Then 116th and then Feroque, Feroque, Feroque.
What are you at, motherfucker? It's 123rd so.
To be clear though, I have no issue with that.
Like I know it might sound downbeat, but like the idea that
crypto's main use cases as a form of exchange and also forms
of PvP gambling or betting against each other.
Like I actually don't really have an issue with it, but I
just think that if you're asking for like apps, like even social
fire out, it quickly got debased into to basically us gambling
again. It's not like there's like some
new use case that got created out of this.
It's just like, right, We're finding another way to gamble
with a different veil in front of it.
So that's like a perfect. And I, again, I have no issue
with it, but like the idea of like, we need apps.
We need, we need something that's actually going to use the
blockchain. Well, we can create something,
but I bet you within 5 minutes we'll be sitting here finding
finding ways to gamble on that exact thing.
Oh yeah, well, we always will. I mean, the 2nd monad's out.
You already know we're going to be looking at what shit coins
we're buying on their first, right?
So it's always like that. Anyways, Tyler, what else?
What else you got for us? You had a few things.
So Photon, I mean you kind of like they alluded to that a few
a few weeks ago, right? If they did I miss.
This was the first confirmation. I think we saw that they are
doing the the official first round of Stemi's.
So that should be good for the meme, the Solana meme coin
ecosystem. I don't really have a sense of
size on that. I think arguably the more
interesting was the all the prime stuff.
And I think that this goes along with with with Mando's thoughts
on this, you know, ultra financialization.
So to me, prime the token became this like index bet on Web 3
gaming and AI in the intersection of those and it had
nothing to do or had much less to do with the actual gameplay
itself. And I think the token speed ran
too high and they launched their cashing or sticking program last
week and now the tokens down 40% and the team has responded by
changing their unlocks going to unlock any of the treasury or
foundry tokens now for another year.
It feels like in a mood to kind of stop the stop the bleeding is
the is my read on all of it, but I'm not sure that solves it.
I think we're just seeing this the again, this ultra
financialization, people who are buying this token aren't
necessarily players or have even thought about the game.
They they just wanted the exposure.
We've got big accounts touting it and I think it's just another
symptom of the overall issue. Yeah, it's 'cause the, the the
the prime was like doing pretty, pretty bad for a minute there.
It seems like it's recovered pretty well from that 'cause
they have another token. It like no one's playing that
game. I look at this Facebook game,
right, There's no. Go check, go check on like June.
Like it's not we're talking about in the in the low
thousands. Like we're not talking about in
the this isn't some crazy game. It was really a play on the the
the tech that they were building to a certain extent, which is
the AI stuff. But I don't know, maybe maybe
I'm just sounding too Dan beat. I'm not trying to be Dan beat.
I'm just trying to like reveal what actually often happens
here. And just like that's fine as
well. We're going to have very highly
speculative games, but that doesn't mean you're going to get
like the mainstream game. You're just going to get like
games which are on blast. You know, like the yield farming
thing that we what was that yield farming game that like
that that these was in? Oh, crypto.
I like those games. I still actually like them, but
at the same time, like I don't think you're going to get.
Fuck these lost like half $1,000,000 on that you were
saying the other. Day Yeah but I mean maybe blast
is like maybe PAC man's in line with with your thoughts here man
though and they're like they're just skipping the this gaming
stuff and going straight to just total gamble fight so like all
the new things like blast balloon blasters running a lot
of like it is pure just like wheel spins like that is the.
The round. Apps that we have.
I think that's the best way to look at blast and we had when
we've had people on this on our on recreative to talk about it.
Like you should think about blast as just a big game fight
ecosystem. It's just one big game.
And instead of it being 11, like like like actually Infinity
where it has like one token, it should be like blast is the
token and there's just like tons of different mini games for you
to play to get that token. Now, at the end of it the day,
like it probably is still PvP and you've got to hope that some
people win, some people will lose.
There's probably going to be a residual value.
You know, Blast is going to come out in the billions.
But at the same time, that's how you should be thinking about it.
It's like a game fight. You're not here to necessarily
like change the future of finance.
I think you're here to like play the PvP gambling game better
than others. And it's a game.
Blast is a game, and you guys will.
Friends. I kind of believe in like the
whole on chain or the the whole online game theory, like we're
all, we're just trying to run numbers up on the screen and
it's all gamified. It's a.
Very good. It's one of the best if you
actually think of it as like, it's not a blockchain, it's a
competitor to AXI Infinity. It's been one of the best
versions of that possible, right?
Because every single day, like a new thing pops up for you to
play. It's like, it's like you're
going on the mini clip and playing a new different thing to
do. It's my only my only question is
so I feel like meme coin gambling is one of the best
games out there. It's like why haven't the meme
coins done well on blast? Like that's the one thing I
haven't really fully been able to wrap my head around in this
total gamify game of five ecosystem.
Like why aren't the memes doing better?
I think because there's no TG yet, genuinely, I think this is
a we're going to have to test post TG Tyler.
I, I, I thought about that as well because I was early on like
the Baja blast one day one like day zero was like, oh, let's go.
I meant this just went live main night.
I got to ape those shit coins. I think, I think it's because of
TG, but I could be wrong. But I think we should wait till
the, the 26th to see what's up with that.
And if maybe maybe not then and totally wrong and it's never
going to pick up. I mean there's a world where it
just doesn't pick up at all right after that and once the
gold thing stops, kind of that music stops.
Makes me think at first I was like, man, they could have given
more ease on fantasy tub, but now it makes me think maybe
they're right. Incentivize with gold until 26th
and after 26th these guys are loaded in fucking cash, so they
keep just up the rewards and ETH.
So it's. Gold is not finishing on the
26th. Gold is going to be something
that I think continues forever. You think?
Oh yeah, I think so. Yeah.
You guys are, you know what, I think you guys are right because
it's the perfect season. Two of gold, right?
Like. You guys are right.
I, I think you both are right on that.
I think you, I think you both are properly right buddy.
Do you like my my background? Yeah, I liked it.
I liked it. But you're you're flipped in my
screen. So it looks, it looks.
Is, is he flipped for you as well, Tyler?
Yeah, it's flipped. Oh.
Hold on, let me because it's not flipped because it was flipped
from earlier. So I went and I mirrored it for
you guys. Hold on, let me fix that for.
You, I think it's maybe I think on YouTube it looks now what?
About now, What about now? Looks good man, Mando.
Bebe flip now. Are we good now?
Where are we Flip? We're good now.
I fixed it right there it is. Now it's better.
Sims, look at that anyway. All those discourse Mando just
talks me into blast gold being rated higher.
It's it's the ultimate ultra good education change.
It is. If that's how you should think
about it at the same time, like they, it also has the same
dynamics of a game by game, right?
As soon as soon as the the price of that initial token starts to
go down, like everything suddenly becomes less fun and
everyone's like sitting there like a slave to the
financialization of it. And the people that have been in
it for or invested in it the longest in terms of time and
money get even more invested in it.
And sometimes you need to work out when you want to pull the
plug on doing all that stuff. But at the same time, it's been
very good. And they, I actually think as an
ecosystem, it's being able to refresh the dynamics of the game
a bit better, right? Like Ben Axie, Axie probably
moved like a slow, slow moving tanker when it came to like new
things to keep you interested. Blast hasn't like there's a new
thing each week which which which is relatively fun.
And yeah, I think I think for the meme coins if because my
view is that gold will continue and that has been very, very
good for PAC Moon. I think that there's probably
they've probably got a good chance to to make a mean for an
ecosystem, but it essentially it will probably just be a gold
lottery play I think for a lot of them still.
Yeah, I guess. Well, we shall see where the
where that takes us lads and best of luck to everybody.
Farming blast. After this conversation, I am
revising my gold estimates to $12.32.
Let's go a little bit just because I I have like 3300 gold
now for someone who was not involved in blast until like
last month at all like at all. I, I voted it like the plague
until fantasy top and now I'm all in anyways.
So that's that that's a good round up.
I think it was a good convo. We do.
I saw the time. I do have to pick two winners,
two winners, two winners. I know you guys are all waiting.
I didn't see 500 retweets. I see the request.
Don't request to speak. We're not going to pick it on
the request. So do not request because the
request break is unfair for people.
Don't request. You have a better chance of
being picked if you don't request.
Just saying it right now. Do not request.
Not request, not request. You have a better chance of
waiting if you don't request. What we're going to do this time
around lads and lasses we what is what is Tim saying?
Well, let them know if the request is being then bigger.
You want me to pick two from audience and check the retweeted
very simple All right, all right, all right, make sure you
retweet make sure you follow for more hour.
Make sure you follow a real bit. OK, so oh Gary Gensler
apparently is requesting look at that look at that anyways, do
not request to speak. There we go no request, no
request. What we're going to do is I'm
going to pick two random people from the audience.
We're going to do one thing where the game where like I go
nonstop and you tell me to stop and one with the number.
I'm going to make sure that you that's so funny.
And then I'm going to make sure that you guys were tweeted.
And also, if you don't have a robot account, then we can't
credit your NFT. So make sure every robot account
because it's the most important and it's our mandate.
So anyways, with that, let's pick let's pick someone.
So we're going to go like this, OK, We're going to go like this.
You will never like this. You will never like this.
OK, you guys ready You guys, I feel like because I upped the
odds of winning a punk just so you know, so I I put one less
punk, but I upped the odds of the punk.
So we'll see what happens. I don't want to do Twitter
picker cause we've, we've got games a few times and I'm over
it. So now we're just going to fuck
around Chaos. And it is what it is.
If it, if today's too chaotic, we'll go back to Twitter picker
Friday. All right, So you know what,
Mando? You tell me when to stop.
And then Tyler, in the meantime, think of, start thinking of a of
a number. Mando Mando, hold on, hold on.
Let it go. Let it go until the end and let
it go. Back to the top they go.
Yeah, Yeah. What?
No. And you, you are a brokie.
You won with the agitate. You are a brokie.
Let me just remove my virtual background.
His username is You are a brokie.
Let me invite you to speak. Let me make sure that you are
retweeted. You follow me.
Nah, no, you retweeted. Oh, you follow the epic duck and
retweet the epic duck. Look at that.
He's the epic duck holder. He retweets the epic duck and he
retweeted the show indeed. And he follows him.
So he he fits all the criterias. He follows from war as well.
So he definitely fits. So he's good.
He's good to go makes and he follows Robit.
Perfect. And makes you have a Robit
account. So yeah, you want you are a
brokey. You're brokey.
You are a brokey. I sent you an invite to come on
the show. You want.
There you go. And you're here.
And now for the numbers, Tyler. I mean, it could be from 1:00
two like a lot. You pick a number.
Let's do 67. 67 So that's down there a bit.
And the Troy cat sang seaset read enough this line of 404448
Sangkon du Sangkon sees Sangkon sees Suissant.
You said what, 67? Yes. 67, that's 64123 Diego.
Diego here. Diego with the clanosaur.
Diego. Diego, You won here.
Diego. Diego Armando.
Diego Armando, You are so flare wallet ambassador Web 3 learner.
You collect cute things. You're Spanish and I believe
Venezuelan. A clanosaur.
So a Solarian, A Solana boy. Diego, what's up?
Hello Farooq. Hey, thanks for bringing me up.
Yeah, I'm New Spain. Congratulations.
You won. You're Brokey.
What's up? You here?
Oh, he just dropped off, but he is here.
All right, so you're Brokey and Diego are the two winners today.
We're going to go back to Twitter pick on Friday, just so
you guys know, just 'cause you know, to make it easier and then
we can, we can fuck around different ways.
Well, we're finding different ways.
So. All right, you're Brokey.
What's up? Can you hear me?
You're Brokey. Oh, you're on stage so it's
fine. So you go 1st and Diego you'll
go second. So for you all today I have
three punks .25% instead of .20 milady's and rec guys as usual
there's $1000 here. So I guess one rec guy sold
while I was doing the show so it is what it is.
So this suit box, boom, let's refresh your broky dropped off
again. But it's OK, he won anyways, he
was on stage and I checked everything.
All right, all right, all right, let's try again.
It's always better when they're on stage.
I have a good feeling about today.
Yo, Broky, can you hear me? You're broky.
OK, You're here anyways.
All right, all right, well, let's start spinning.
Courtesy aerobic calm. Let's get it.
And it's the red guy 1599 Thirteen, $100.
Congratulations again. Coming pretty close to a milady
Diego, my friend. OK, OK, Kelly, are you watching
or just on audio? No, I'm I'm just an audience
Twitter space because OK, OK, wish me luck.
Wish you luck, wish you luck. Is there like a special luck
thing we say in Spanish or something like is there like a
you can say the translation or it's something like break, break
your leg, break your leg rope de la pierna Buena suerte Diego,
Diego, let's see what you get. And it's all so red guy with
with hat worth $1700. Red guy 431 low ID
Congratulations Diego, congratulations yo 2 red guy
hits. Listen, I think after a hard
streak of giving away like 3 milady's per week, we've had a
slightly colder streak boys on the on on the front.
But hey, it's still 1015 hundred $2000.00 of pop that we're
giving away every Tuesday, every Friday thanks to robit.
So make sure you tune in, make sure you make a robit account.
It's awesome. And and anyways, you can also
trade all the good stuff on there.
Speaking of Pepe and they were talking about everywhere and and
everything as well. So with that with that with that
Meadow Tyler, I will see y'all tomorrow morning, 10:00 AM
Eastern Standard Time for the episode of on Rock radio.
Let's.