Yo-yo, yo-yo. Good morning.
GMB.
Monday, Monday, Monday, Monday, March 31st, 2025.
Five, five. Look at that.
Another beautiful day to have a beautiful day.
Unless you're Montreal, Canada. I got my cars in the house.
Kyler Mando, good morning. How are you doing today?
GM good morning. Volatile, Volatile day in
crypto, as per usual at the moon.
Is the 1st morning today because I'm really tired of it.
I have no tabs open on any price and I have any omens in trading
view this morning so I actually don't even know.
Wow yeah but I I have to find out but I just don't know.
I yesterday night I was like fuck this shit I'm traveling for
a month. This thing's annoyed me all
month long. This price action is cancerous.
I'm just at this stage where I'm annoyed by it.
Tyler, good morning. How you doing?
Yeah. Speaking of annoyed, I'm annoyed
with the month of March, so I'm happy that we're closing that
out. Yeah.
Let's get out of Q1. I agree, not our favorite
quarter ever. Yeah, we were.
Everybody was hyped up for Q1. You know, Trump train, all that
good stuff, crypto to crypto to the moon.
February's historically such. Remember Tyler when you pulled
up the February chart on Feb first like.
Yeah, historically the best month ever for for crypto.
Yeah, I was going to say let's revisit Q1, but maybe let's just
not, let's just skip Q1. Just like, you know, like boy
math, like you, you you spent on something you did another thing
you just forget you spent on. Let's just do boy math on the
whole of Q1, OK? And forget it ever happened.
OK boys, we can agree to that. By the way, Mando, we have a
new, I thought you you should notice given that you're one of
the Co hosts of the show. As of this morning, we have a
new unofficial official mascot for FOMO hour.
It's Bongo. I hope you're approve of that.
OK, perfect. Fantastic.
That's that's big Bongo this way for Mando terms.
Fantastic. Is is is is a very high praise.
Anyways, today, first of all, happy birthday to my mom.
I got to squeeze that in. Happy with my mom.
You know, spent the weekend sobbing my momma here that we're
traveling tonight. So happy birthday to my mom, you
know, March 31st, we'd love to see it.
So hopefully, you know, Q1 and slash my mom's birthday
narrative, market turns around, blah, blah, blah.
Anyways, with that, we're going to talk about the market today.
We're going to talk about Tyler's top 100.
We have a show partner coming on as well.
And then last, but you know, no spins, spins are Tuesday,
Wednesday, Thursday, Friday, so four days a week.
But hey, you should still listen to the show.
You should still educate yourself, entertain yourself and
retweet the show because why not extra good luck and extra good
juju for for the spends the rest of the week and with that Mando.
No no, no, no this show. So sorry I woke up a little
sick. What this show is sponsored by
who? Yeah, Galaxies.
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next. Mando, We really need to know
what's next because I saw a price action this weekend and it
was not great. Who is the man that called
Daddy? Can you dig it?
Yeah, it wasn't that great this weekend, was it?
I think if you were, if you were signing in, you kind of just had
that feeling where it's like, oh God, this isn't going to stop.
And then it has stopped a little bit today.
So rebounded we were we were very weak this morning.
Again, kind of touched the local lows kind of across the board
this morning. We've bounced as the US equity
market has opened. Interestingly, U.S. stocks are
not doing that well. The Nasdaq's down another 2%
roughly again today. Tesla's down like 5%, Nvidia's
down 4%. That sell off in tech stocks is
is definitely not stopped. It's just, it's just that
cryptos may be slightly outperforming, I don't know.
Or maybe we already had our sell off over the weekend.
It is. Becoming kind of consensus that
we're going lower, I would say and I think that's probably one
of the more bullish things that's.
Going on right now. In that stocks are the most
shorted they've ever been. Since COVID, you've had a huge
swing in investor sentiment. And it's just interesting to to
watch that sort of set up because I don't know, stuff
started to look a little bit oversold again in tech stocks.
It's either they we really are going down like 2025% and this
whole AI booms just going to completely dissipate.
Or you can have a violent short squeezes in between or maybe at
the same time, but that that's not a great looking chart right
there. But it also looks like the chart
like it does like RIP in your face as well.
I think. I think that's that's basically
where people are. Like.
Wary about macro more than they are about other things.
I would say crypto, crypto just feels a little bit quiet.
That's what I would say, like the timeline, the activity,
there's no more daily runners, you know, or there's like, oh,
it's it's largely slowed down and I think it's just the O GS
talking amongst themselves about about when this is going to turn
around. Yeah.
By the way, there is nobody left in.
There's nobody left, right? I think that's like a, yeah, a
common, common theme of what people are saying on the
timeline at the moment. Just like where is everyone?
And that's yeah, that can. There's 200 listeners Mandel on
Twitter Spaces. Is that high?
No, brother. No.
That is the lows of the cycle, right?
Like it's reflecting the the we're not seeing it on Marriott.
Marriott is pop it off. We can talk about it later, but
like on viewership usually is why I would see it.
You know, man, though live listeners, I mean, we do have
like YouTube and X broadcasting. We kind of like eat on each
other on the show. Sign bring bring up crypt.
Bring up Google search trends. Bring up crypto.
Yeah. It's a It's a good thing to look
at. I mean, usually I look at
Chartbeat for Decrypt and that's how I know.
And I'll tell you guys the month of March numbers in a second.
But but yeah, that's usually how you know man though, you know,
like we had a record-breaking month of Jan and then February
sucked and then there was like less views and then March was
probably on and off because there was a lot of headlines
though. But you know, it's been
interesting time this quarter. Yeah, it's not been easy for
people, I don't think. And they probably, you know,
they don't want to listen to us anymore.
So it's I still think we're in for more of this.
That's the thing, like I think we're in for more of this chop.
I think, like I said, the most bullish thing is that that that
people are positioned for a sell off a lot more and quite
violently if they swapped that way.
So normally in those sort of scenarios, things either have to
go really like cataclysmically wrong or it's not it's nowhere
near as bad as people thought it was.
Do you know what I mean? Yeah, like we're going down
2030% or it's like a bunch of shorts try and push us lower and
it never really gets that much lower.
And I think I'm more in the in the second camp here that like,
I don't think it's going to be as bad and I, I still think
Bitcoin is going to outperform in this world.
Yeah. What?
A candle today. But I don't think it's going to
be as bad. You heard the man, You heard the
man. He pretty much said everything.
Bitcoin Donald is 62 1/2 now. BTCDI feel like we've been there
a few Times Now. Oh, wow, It looks beautiful.
God damn it, man. You see this chart?
You buy the shit out of it, right?
Like, I don't know, Tyler. I mean, you're sending me fuck,
you're sending me some Bob Lucas opium.
We like it. I mean, is it opium?
I mean, I hope. So what do you think?
Oh, is it? He's saying that he thinks
stocks are in for a continued downtrend until into June and
basically that rallies will will be sold off, which I feel like
is also kind of a consensus view, right?
Now. And like we're seeing more the
reality behind the tariffs, like unless the tariffs are all just
like magically reversed, which doesn't seem to be the case.
Like it's going to take a little while for those to to really
start to have their their impacts.
So I don't think a huge surprise there.
I think what's jumping out to me is like crypto, yeah, at least
Bitcoin, maybe we have to separate them.
Bitcoin is holding relatively strong, right?
Like I'm looking at the one month chart, it's down to 1%.
Like we are basically just straight sideways with some ups
and some downs over the last month.
So I think you can take some solace in that.
And just because if stocks go lower for another couple months,
I don't know that like I don't have the gut feeling that
bitcoins going to grind all that much lower.
I'm sure like maybe we'll go back into the 70s and some bad
days, but I don't know, it feels like it's holding up pretty
well. And clearly more and more big
players are buying. I want like, is someone buying
this morning? Like what's?
What's driving these candles? Like we.
Know we had Mara come out and say they're going to buy 2
billion didn't we was constantly buying Bitcoin is you can see
that Bitcoin dominance 62 1/2 percent like.
That's so crazy. It hasn't removed like 83 is
where Bitcoin has been for a long time now, many, many weeks
I've done, yeah. So just up, down around that
sort of level. Wow.
But Bitcoin, Bitcoin Dom could probably go back to 70% here.
Yeah. I mean, it's also because
Ethereum is just outperforming like crazy guys.
Underperforming. Under, yeah, sorry,
underperforming insanely. I mean it's just stop catching a
break. Last night, the ratio briefly
hit 46. I know.
Who won Bitcoin? I continue to think that like,
and I said this on the Real Vision show we do on Friday, I
continue to think this is actually one of the most
dangerous charges in crypto because I think a lot of people.
Oh my God. Still have the risk reward
mindset of this and think ETH is like oh but it's gone down too
much you think why but you could have said that at literally any
point. That's the thing, right?
You could have said it here, could have said it here.
You could have said it here, and now you said it here.
And then people saying it here like.
And that's a really scary thing because I think that that logic
just never really stops. And I think people think, oh,
it's a good defensive trade to open maybe over, over a bear
market. Now it just looks like.
I don't think that thing might turn around, guys.
But this is can we talk about like the impact it has on crypto
as a whole, like does it have an impact?
I think it it points to the transitory nature of L ones to a
large. Extent right?
Because while ETH is going down, there are other L ones in L2's.
L1's mostly gaining traction, right?
There are, but I think this changes the investment thesis
for a lot of L ones if I'm honest.
Someone said the E3 fund from the E3 fund from FTX going to be
juicy, but I think you're getting your ETH back at the
price ETH was. Oh God I'm not joking.
I think it was $1600 when the FTX busted.
Soul was 15 and ETH is ETH is even man.
ETH looking burdened, but what has been spirit of Kamala.
But yeah, this is fuck. This is not great man.
It's not good for the puck way show I.
Think we can talk about that in a second.
I do think it does make it harder to hold to have like real
conviction and new L ones right? If if it's proving that they're
all going to trend to zero against Bitcoin, right?
Like you kind of have to pick them up as trades and the jury's
still out, right? Like maybe like if Solana
continues its trajectory, maybe it can break the trend to a
degree. Bitcoin doesn't look great
either right here. But yeah, that that one's
hurting. As for punks, I guess we just
got to help people keep pricing these in USDC.
That shit dude maybe on the punks website if you guys
listening. Maybe just remove the ETH price
that's on top of the USD price that is just. 8000 right Now 5.
Percent, I'm not going to lie, the ratio is not the, the, the
spread is not bad. You know, the spread is not bad.
I suggested a spread market to our team this week.
I don't know if they're going to go for it because sometimes the
resolution is hard. So some markets are hard to
make. I suggested a spread market to
the Marriott team, Bitcoin to east, a Bitcoin to, to, to, to
punks. Thought that could be a funny
quarter one. But yeah, Mando may pick up a
punk for like $25,000 at some point, you know, So this keeps
going. He may actually Mando, Mando
Inovi may buy crypto punks from Yuga Labs.
Canary Labs may actually acquire the punks.
That would not surprise me. I've heard.
I've been hearing things. ETF coming.
Yeah. I it's just, it's just a
dangerous one. I, I have broader thoughts just
hear a little bit more about and I've again, I've said this on
the real vision show just that that stable coins are just are
becoming so strong and. Yeah.
I do question whether the new entrants are even interested in
our L ones or or if they'll just they'll become more just gas
tokens than they are forms of exchange.
We all price stuff in well, NF TS are pricing ETH and what we
just said about maybe they should be pressing dollars and
meme coins obviously had like soul pools and all this sort of
stuff. But I don't know, like I just
feel as though the new entry doesn't actually or the money,
the money over the next few years is going to come in.
It's going to really be around RW as and stable coins.
And I just, I actually think that can be a bit of a threat in
some ways to some of these coins like does does the dollar, does
the US USD or? Stable.
Become a become more of the form of exchange that we have.
I don't know. But I just, I see that narrative
like I just see where people are bullish right now and it's on RW
as almost exclusively. Yeah.
I mean, you saw that report, we didn't really cover it, but Dan
Robinson Paradigm posted a report of what Triathfi is
interested in. In crypto.
The number one thing was RWA #2 was stable coins #3 was number 3
was decentralized exchanges #4 was prediction markets.
That was the top four and it was a list of 10.
It was an actually pretty decent report, all all retweeted again,
so people can check it out. But it's true.
It's there's a lot of excitement around that and it's looks like
what they're building towards. Anyways.
Tyler, do you have something? Tyler, do you want me?
To yeah, just like anecdotally, I'm seeing that same trend in
the trenches where previously someone takes profit on a meme
coin trade, they they swap the soul.
Now I I think they're swapping the USDC.
Yeah, people are trading dollars to, you know, I.
Mean there's other things like maybe that's because, you know,
macro is bad. People think Solana is not is
not doing well, but it's just another, you know, data point in
kind of favor of that theory. So what?
Do you, what do you think about Seoul here?
Because I see Anson retweeting now that you think Seoul's like
one of the best shots in, in marketing.
So that's it. Then I was like, wow, that's
quite a departure from him. What do you think here?
Like if the casino stops or slows down, do you think it can
keep? Do you think?
It's, it's obviously down a lot, but I think it's it's looking
vulnerable or no? No, I think this is the spot
where Seoul is like it's like that 127 price, right?
We've seen that all cycle. It was a price need to
breakthrough to like make new highs.
And now it's been kind of like the floor here.
I don't know. I don't see I still see even
like the occasional runner, let's call it this is no more
daily runner, right? He's still in Solana.
I mean, what do you, what do you?
I agree with that. But like that's and and but I
think we have to understand that in the context that the the
amount of activities is really going down.
Like it's starting to be overtaken pretty comfortably by
the block chains for fees now. So this is the tweet you're
talking about. They shared why isn't Seoul a
good outright short or a good short versus any other BTC or
crypto long. And then he for ZIL get a pretty
good answer. But I don't want to talk about
how ETH has been a more popular short whereas Seoul is where
most of the on chain activity is these days.
So basically what would you short the one active chain when
there's tons of other ghost chains with similar properties
but no one really using it? So the cleaner trade in his
opinion. Well, that's a big.
Question like is XRP like like? XRP or a like those?
Aren't they better shorts than Seoul itself?
I actually don't know, but one thing I have noticed here and
one thing I have noticed is that trades, it's also popular longs
or like trades which like are consensus.
This is a good thing to own, are actually the things that are
getting smashed the worst. Like if you see something that
like pumps, actually, it tends to like draw attention to it.
And then you see like these horrific moves afterwards and
look at far coin as prime example, right?
Like has this like get some attention roofs up to 600 and
then just like smashes lower, smashes lower.
And I saw the same thing even with bearer chamber.
Like as soon as something gets a little bit of attention,
attention as that, Oh, this is this is the thing to own.
Like everyone just attacks it. Do you know what I mean?
Because that's where the the like the most recent money has
come into. So I don't know what this market
is like. Lana had a very similar looking
chart like pumps. And then as soon as it gets some
attention, yeah, it just like gets absolutely smashed lower
so. I was surprised by that last
smashed lower. I have to say I agree.
Like I was so surprised that we didn't breakthrough here.
It's the ones which like no one's really paying attention,
which seems to be outperforming. Like look at Tron.
Well, that's because Tron is, yeah.
I guess it's in some ways like not having, having nothing going
on, actually slightly better in this market that's just like
hers sounds strange, but like if you have stuff going on and
people are trying to do stuff on your chain or there's activity,
it feels as though that's what people sell because they're
losing money on the other stuff. Or at least that's what I'm
saying. The thing with Seoul, it's
definitely not the best short out there at all.
But sure, like the rest of the market.
Are you buying anything? But it's definitely not a short
because like there's a lot of good, there's a lot of catalysts
for Seoul. Seoul is the next ETF in line.
Seoul is where they're constantly working on new
product apps, the Nikita beer last week news.
Seoul is always constantly mine share on top of it.
No matter what they post do or say, whether they're good or
bad. This cycles meme coin is far
coin. It's on Seoul every time there's
a daily runner, if there is one, it's on.
So like last week, the routine trend, it didn't launch on TRX,
it launched on Solana. So that's my thing.
It's like, and then you have the potential ETF news that could
come out any day, then this, then that.
Then the government wants to build on a blockchain they're
considering. So like there's all these little
things on Solana that if you have a lot of shorts, there's so
many things that could destroy the short.
But again, I'm not a short trader, so I, I've never shorted
my life. I.
I I'm not short of it either. I'm just, what I'm trying to say
is like, I guess what I'm trying to say is that the actual focus
on it and like that people are bullish on it.
I think can be a. Bit of a dangerous thing.
Yeah, yeah, yeah, of course. What do you think?
Market where everything is getting smashed, like the
consensus this is a good thing to own versus ETH can also get
absolutely smashed and that's what I tend like.
And also people sell pumps. That's the other thing I've
noticed. Right now.
Never buy a pump in this market, like ever.
In fact, that's the stuff to short.
So like whatever you think is like, oh, this is a this is a
this runs up and oh, this is going to break out.
We're going to we're going to return with this, this coin.
Like that's the stuff that looks the worst.
Or like this gets absolutely hammered.
What do you think? What he's saying makes absolute
sense and matches what I'm saying, but I feel like that
could also be reversed. So like we're in a downtrend.
So if and when a bottom does happen and we start grinding
back up, I think the the tokens, the chains that have the
attention are going to be the ones that catch the bid the
fastest as well. But yeah, it's hard to argue
that the the folks are are looking to to short the tokens
that run and all the pumps are getting sold off.
I feel like that's going to continue right until we we
figure out which way we're going to resolve.
Yeah. I think Seoul's going to still
be here in relevant in three to five years.
Let me like, if Seoul went to 90, I think that would cause a
lot of pain, whereas went to 1500 I think people already
like. Well, they've already sold their
ETH, right? That's.
What I mean, I feel like a pump in ETH is actually like the
thing that would cause more pain and I think a sell off in Solana
would cause more pain. And I'm just saying that in this
market, it feels like people are just going to be in pain.
Yeah, have you not already had the mega sell off on solo?
It's like it's done as much as ETH, right?
Or more. I'm just telling you in terms of
positioning like that is, and I think that that is the risky
thing because that's again the same reason why you would have
bought ETH. Yeah, this, this, this is down
so much. Therefore it can't go down more.
It's just a really horrific way to consider trading about stuff
in in crypto in my opinion. And that that can discontinue
like for a long, long, long time.
Boys, I have good news. First of all, crypto dude, I
think you're right. It is a downtrend.
And then someone says Solana is where all the sneaker flippers
are perpetually. I actually agree with that as
well. We've seen every other narrative
go coming in and out. I have good news though.
Kramer on CNBC today said I can't think of a Dumber day to
buy stocks than today. Deal with that information what
you will. Kramer said it is stupid to buy.
So look, I'm obviously I'm my my 2 bags are Sonic in soul.
So like when I, when you ask me this, I will always have a bias
towards Solana. But the reason why my bags are
Sonic and soul is because Sonic for me is going to be the home
of D52 point like this three points or whatever the fuck you
want to name it. It's where the defective is
happening. The numbers are not lying like
the on chain flow. I know you've shared that Mando.
I've shared them as well. So that's where it's happening.
But on the flip side, Solana is where I still see the streets,
the trenches, the fucking thing happening.
And as long as like a video is going viral, it's still
happening on Solana, the meme corner of it.
I'm still going to be bullish on that.
You know what I mean? So that's I know it's a very
left. Back here to a certain extent
here where I see it on Sonic, like I see a lot of happening on
Sonic and on bearish a lot last week a ton of like and then it's
just. Wow.
Like, but it was also. Yeah, I know what you mean.
You know what I mean? Like the attention at in this
point of the market often means that money's flowing in there
and then Air Force gets smashed. You can't sustain it.
Is this Mendel realizing and making us realize that we may be
in the bear market? I I'm just saying.
I don't know, you're asking all these questions that I'm
questioning my life for. The trains during the cycle or
like the census loans. I think it can be really.
Dangerous. Maybe reconsider my entire life
in this last 10 minutes, guys, if for you or you're listening
like like everything you're asking me, I'm like fuck, it's
just because it's a downtrend. Every pump on every coin you've
talked about far coin, Bera, Sonic, Solana, Bitcoin, you've
named all these coins so far this last 15 minutes and all of
them that every single time they're good coins, all of them
and every time they've had. I obviously.
Like. Last week with AVAX and I was
like. Avax same.
It had all these runners and these.
It's going, it's going up to 23, maybe 20-4.
Maybe this is the thing I'll break out.
And then just because it popped its head above the parapet it
just got smashed and just underperformed for the next 7
days and I was like. I know, but but you know why
like because you asked the main question about Solana is because
Solana still ran the hardest with one of the meme coins being
the best runner, which was far coin when Bitcoin ran again to
8788, right? So those are the little signs I
look for. I'm definitely stuck in spot
bags at this stage and I'm just going to like go on my trip and
chill, you know what I mean? Like this is I think this is
what everybody should do until, until the summer if everyone
calling for June. Mando's still my my quant too.
Cram wave. Mando's still my quant though.
Of course he is. I think.
I think Mando just made 3 balls realized including himself that
we may be not doing great right now.
Do not buy momentum. That's what I'm saying to
everyone in this market right now.
Do not buy momentum and be very wary of of consensus.
This is the thing to buy longs, because on the bad days, those
are the things that just get yeah, smashed.
We did a video of this show, this Tyler's facial reaction,
this entire show with music. Tyler listening to Mando like.
I'm as permeable as you broke even I've kind of terms that
were probably got a few more months.
Yeah, that's the thing. I'm at the same.
It's like I have my spot by Isaac.
Can't do anything about it. Tyler, I'm going to hold, you
know, and show up to work. So up to work every.
Day, you know? Yeah.
Look, on the flip side, we'll go to topics, Tyler, but you have
the stuff like Gunzilla opening at a billion.
I know you're going to open with that.
Myriad just smashed through $1,000,000 in volume.
We've already put 20 more percent on top of that this
weekend. There's a lot of apps are
killing it kind of like the the TG ES have done well, yes, in
the last in this quarter. So let's go to your topics
today, Tyler, because that's there's some better news there
NFT and crypto analysis, Tyler T on FOMO, our cause the kids.
Can't hope. Surprisingly folks, crypto
majors are great here. We're up 1 to 2% despite some
deep macro and tariff concerns coming out of some volatility
from the White House yesterday regarding a third term bombing
Iran, Trump being angry at Putin and more tariffs.
So it was quite a day of piercing volatility from a macro
standpoint during that. If Bitcoin hit a new low point O
218, that is a five year low. This morning we got news the
Trump family is investing in a Bitcoin mining company, which
will fold into this new company called American Bitcoin.
They're also going to look at a strategic reserve.
We had Bitcoin miner Mara raised $2 billion to buy more Bitcoin.
They're the number 2 holder for companies.
Then Sailor breaking right before the show, he bought
another $2 billion at an 87 K average.
So the companies are piling in. On Friday, we saw the FDIC give
banks the green light to engage in crypto, saying they can
conduct permissible crypto activities without prior
approval. Japan somewhat similarly their
financial Services Agency is set to formal position crypto assets
as financial products on Friday we also saw Trump pardon the
Bitmex founders after they pled guilty in 2022 for failing to
implement an anti money laundering program.
Saw Arthur Hayes partying at space I believe on the on the
back of that news and then FTX plans to begin repaying larger
creditors by they still have an $11 billion cash pool to to pay
that out in token air dropping protocol news kind of a lot of
news actually, this guns token, the gun token from the AVAX hit
game off the grid lost at a $1 billion FDV.
So strong open there. We have open C go check out your
open C people. If you bought an NFT and held it
over the past six weeks, you're eligible for this latest XP
package. So it out wayfinder on the
parallel prime team, they confirmed that prompt TGE will
be within the next one to two weeks.
So it was a delay. It was supposed to be today, but
it's going to come soon. And then shout to Myriad across
$1 million in lifetime volume on Friday, big milestone there.
Rounding this out in AI and memes and NFTSAI sector down
about 5 1/2 billion. Lot of red on the board.
Meme leaders down about 3 to 5%. Meme still notably 50% of the
overall DEX trading volume on Solana pump fund still making
$1.5 million per day. A couple.
One interesting story here, Tiger King, Joe Exotic.
He did an interview with Decrypt.
I know. When when asked why he dropped a
meme coin, his answer? I'm knee deep in lawyer bills so
now we know. At least he's honest.
He was honest and and so were market participants who did not
buy his coin. I think it's a market cap.
And then the NFTS Taproot Wizards dominated the weekend
from a volume perspective. That floor was a .16 Bitcoin
though this morning. So that was down under the the
NIT price. And then those quantum cats will
become unentangled today. Some some of those may be
hitting the market later today as well.
Yeah, yeah, the cats. Yeah, the quantum cats.
See you, Randall. There is a OK.
There's a lot to unpack here. There's a lot to unpack here, a
lot to unpack. What do we even start about?
Opportunities because we just, we, we went through the the 30
minutes of bear market therapy's not the right word, but just.
I mean, he's got a point, right? He's got a point.
For sure, but I think the for those who do still show up every
day, there are opportunities. So I think that is what I want
to highlight. And this this gun token is the
newest. This was a huge sign for Web 3
gaming. This is tied to the off the
grid, the team behind that game off the grid, which is a very
successful web three-game. They're going to launch this
Gunzilla AVAX L1, the token admittedly it it has a 6%
circulating supply, so certainly low flow, but $60 million market
cap, $1 billion FTV here at open.
So so folks who were grinding that one I think have to be
quite happy about that token open.
This comes after. Last incredible.
Walrus token hit 3 billion FTV, so we've had a lot of
successful. That is incredible.
And what? Is.
Many people are calling a bear market.
I don't know what if we are ready to label it.
That or not it's an opportunities market.
Yes. So I think that was a huge one.
Love to see that AVAX has a lot of momentum.
There's always on top of it when it comes to gaming, man.
Always, always, always. When you tell me there's a game
that's doing well or that has done well, that is somewhat has
momentum. I hear the word avalanche after
this, and I'm not being pegged to say that.
I don't have any holdings. Nothing.
I didn't participate. I'm not a gamer.
I suck at it, but I have to give credit where credit is due.
It's always on Avalanche. Yeah, they've been doing well.
They also had a nice little, you know, meme coin cycle meta here
the last few weeks. So.
There's been some people made some money, yeah.
There's been some action over on AVAX and then in the NFT
streets, if you show up, buy and hold NFTS, now you're getting
this open CXP point. So that's how they're.
Doing. I don't think I've got anything.
Yeah, well, I got 0XP. Sadly the NFTS I bought were a
crypto punk and then masks from Sam Spratt and I bought those on
Nifty. Gateway, I don't remember last
time I bought an NFT. I don't think I bought an NFT in
like a year. 2 years I don't know.
So I've done $150,000 in NFT volume in the NF0 open CXP.
Not great. Can I just say the open C
homepage is so beautiful? People are loving Open C2, the
redesign. They've been taking user
feedback. That is so nice.
Oh, look at that. Hey, where are we?
We're going to put our shit up there all right, but dude, this
is a really nice. Oh, they have coins on there.
It's true. I forget you can trade meme
coins on open T now. Wow, this is really nice.
Tyler. I just realized this must be
new. This new homepage.
It is beautiful. Yeah, they've been redesigning
it and they've been continuing to climb up the the market share
ranks as well. I think when they TG bro with
all the little things they're doing, I feel like they're much
more mindful in the way they move Now.
Open C in general. But you know me, I'm always
positive. So please open C.
Please prove me right. Please I beg you.
I think this could be a good air drop when it happens.
When it happens doesn't have to happen today.
But I think so too. This is this is really positive.
So we'll see what happens that front, what else?
Tell me what? Let me see these prices real
quick though. Yeah, let's take a look.
It's OK. I mean, what apes are up 14
eighth? Yeah, apes doing very well.
Oh, crazy eye floor. You know what that means?
Do you know what it means when the floor is crazy eyes and
apes? Yeah, it's historically.
Historically when the floor is crazy eyes, it's usually a pump
after that, but we'll see. We'll see if that still happens.
So what happened to Doodles was just a little bit of little,
little drama happening on timeline.
I haven't seen too much the former CEO, he listed these
doodles. Yeah, where's Steve's page that
you posted about it? No, not this Steve.
This Steve. So he's selling his doodle.
OK. Yeah, that's a little bit of.
So he's listed this for 10,000 dollars 60th.
That is historical. Someone should buy that.
That's a nice one. I mean, it's definitely a
collectible. It adds to the collectibility of
the doodle. Very interesting.
Anyway, they're. Kind of going through this
shift, yeah. And something I saw on your
board abstract NFTS. Abstract continues to have, you
know, some nice screen on the board just on on every day I I
log in and check there's usually, you know, a handful of
collections up 10 to 30%. So there's definitely plenty of
signs of life in in the abstract NFT eco and then the other
headlines stepper Wizards over on Bitcoin, I think we got to
quickly talk about that. They did like on opening day, I
think $6 million in volume. They're pretty significant
number compared to like what we've seen compared to the rest
of the market now down about 20 percent, 25% from the price of
0.2. So holding out at 0.16.
There's going to be some supply at the market here, or not
supply, rather there's going to be some quantum cats hit the
market here when those untangled ones come out.
I don't know what to to how to read this one.
I think this is a little bit lower than I would have
anticipated, especially with the Dutch auction came out at .31.
Could just be a sign of times for Bitcoin.
Yeah. These and people just aren't
really to go risk on in this area yet.
I mean risk on brother, this is a fucking $17,000 NFT 2, right?
Like even a .16 Bitcoin, like what's .16 * 83 thousand $13,280
And let me not do the conversion in Ethereum.
Let me do you want it? You want it in East, that's 7
1/2 feet 7.25. If you want it in Solana, hold
on, let me do it in Solana for you real quick.
It's 126. Oops, I did 166.
My bad. It's a lot of Salon, let's just
put it that way. You know?
It's a hundred. A hundred.
Sole actually sounds less bad on solar underneath, I'm not going
to lie. But yeah.
What? Do you use for the 70 floor?
That makes it the fourth highest PFP collection across all
chains. I mean, that's a still a very
strong open. Yeah, look, I, as you know, I've
said I love, I love Udi, I love the team, the I'm a fan, but I
don't have a read on the market of this either.
And it's not like I buy anything myself, so I should say
something, right? I don't know, like I didn't rush
to buy one of these prizes if it goes to .1 by Wizard if big if
by the way, you know what I mean?
Yeah, I think there's going to be a number where these start to
get very attractive. .1 by Wizards because because I like
them but they're so funny looking.
Anyways, so as that, what is Do I dare look at the rest of the
ordinals prices or am I going to, like, ruin my day?
Bongo's laughing. I think the other take away here
is like it's going to be hard for the to see the other
collection to run if if Wizards are going to.
Sit. Oh my God.
Yeah, Point O3. Oh Howard Branch puppets Point O
4 water round trip. Yeah I'm feeling like for broke
in 2022, not 2021. Whatever realize I'm round
tripping my shit anyways. What else Tyler?
What else does UIC shaft feed us too?
We're going to go to. USA hold you with me a second.
I think the way we find that, Gee, this is another
opportunity. There's ways you can, there's
like some quests that you can do.
You can just open up wallets across different chains, do some
basic transactions, earn some points and of course like if you
want to do invest capital, you can buy the prime token and
cash. Of course that's a more risk
risky trade because the prime token could go down, but there
are ways to still to get some exposure to that.
Oh also I'm yapping is one right?
You can post content about Wave Finder and get rewarded on Kaido
and perhaps from the team as well.
I totally forgot about this. I used to check in here and
there. I'm starting to disconnect.
Oh I have a lot of yaps. Holy shit.
Not bad. I don't even try.
It's not bad. 3000 yaps. You still yap Tyler, you love
it. You got like a masters in in yap
in the omics. I mean, one of my jobs is to
show up and. That is true.
That is kind of your job and you are very good at it.
Engagement and hitterness these days, I'll just say.
That dude, engagement on weekends is like dead Sundays.
yo-yo, in the audience. How is your engagement on
Sundays? I, I have to say, engagement on
Sundays is busted now. Like nobody's home on Sundays
now. You know, it's, it's been
something it's been something. All right.
Well, Tyler, do you have anything else?
If not? I will go pardon.
That's the roundup. All right, all right, all right.
We already thank you, Tyler for bringing some spirits back up
into this well needed show. But listen, we're keeping it
real. Tomorrow's the start of a new
quarter, Charla. It's going to be a good quarter
for all of us. We'll see.
All right, let's bring Shafi. Rafi.
I got to say that's probably the coolest name we've had on the
show. You know, that's I got to say,
what's your name? My name is Rafi.
Shafi. Rafi.
You know what I mean? It's gangster.
What's up Shafi, how you doing? What's happening?
How do you think guys? We're good.
We're saying, listen, we're I guess we're we're very eager to
end this quarter. You know, sounds like consensus
here. We're excited for this quarter
to be I. Feel you.
I feel you. It started well.
It's kind of. Yeah.
Not done so well since then. Yeah, I pulled up the monthly
chart earlier because of Tyler on the show of Bitcoin.
I was like, well, January, January was amazing, like the
month of January straight up to 110 BTC and then and then
February and March were just like one after the other red
months. But listen, if it was easy, you
know, we wouldn't, you know, it wouldn't be the way it is.
Tyler loves to put it that way that we need, you know, it needs
to be hard. It has to be hard for us to
enjoy the ride. And I think Tyler's right when
he says, anyways, Chaffee on to you.
I mean, look, it's a builders market.
We talk about this. So I'm assuming things are going
well. Looking behind you at this
wonderful office that you looks like you have for Shafi.
Why don't you give us a little TL there?
You know who you are, you know and what you guys do.
So I'm Shafi, founder CEO of the energy.
We are the first layer one blockchain to be powered by
energy, renewable energy. So as you guys probably are well
aware, most layer one block chains are either powered by a
proof of work or a proof of stake.
So staking native coins to power or to validate the network, we
have pioneered and developed a new consensus mechanism which
requires our validators to stake renewable energy in the form of
RWANFTS. And these real world assets,
real world renewable energy assets, they're in the real
world, they're called REC Renewable Energy certificates,
which is a certification standard which is issued to
every clean energy producer, whether it's solar, wind or
whatever. So our consensus mechanism
requires the validators of the nodes to stake these in order to
secure the network. OK, wow.
This is wow, The 1st L1 that's powered by renewable energy.
That's super interesting. And also the 1st L1 that's
powered by not the native token, but the actually by an NFT in
the form of a real world asset. Interesting.
OK, wow, you definitely got my curiosity here.
So what makes you guys different from every other project?
I'm assuming this is it, but you want to maybe dig in a little
deeper, like into this whole NFT?
I'm curious. I think most projects, most
blockchain layer ones, they essentially build a code, you
know, the, the kind of metrics that they compare themselves are
you know, TPS or, you know, the scalability or, or what other
mechanism that they find that is their unique selling point.
And then once they deploy and they launch, they, they start to
look for use cases and for utilities.
Our blockchain is natively built in a use case which allows the
freedom within our wallets natively to be able to trade
peer-to-peer renewable energy. So the current renewable energy
markets, the way it works is in order for you to offset your
energy, which as we all know, you know, with the
electrification of the world with electric cars and AI data
centers and things like that. The agenda with, you know, Net 0
by 2050 to allow people to offset their energy seamlessly.
The current system requires you to register with the local kind
of registry that you can store the renewable energy certificate
and then you would have to go find a broker.
The whole system is really archaic and actually a bit
outdated. So you know, to me, my
background is actually from renewable energy.
I was a commodity trader and obviously early crypto adopter.
And basically I kind of saw that this could, you know, converge
and synergize into actually one ecosystem.
So what we're building is what we call the energy backed
economy. Our tokens are the fodder of
1000 times offset energy. So every time our, our network
uses one MW of energy, we offset 1000 megawatts of energy.
So it becomes a regenerative system.
So we're not just net zero, we're, we're actually adding
clean energy into the environment.
So by engaging with our network, you're hitting all your ESG
targets, you're helping the, you know, the climate and you know,
the, the, the world as a whole. And you're actually also, you
know, profiting from it because we have the possibility of
staking energy, which didn't exist previously before our
chain. And yeah, there's so many moving
parts to it being a fully integrated ecosystem.
Yeah. So I mean, yeah, I mean, there's
a lot to talk about. So I mean, I would start the
basics and say what we've done with democratizing energy, we're
allowing it to be tradable. So for example, in the US, only
U.S. companies buy renewable energy certificates.
In the UK, only UK companies will buy the locally produced
ones. But within our ecosystem, it's
borderless. So somebody sat in Dubai can by
US certificates, they can stake it to earn a yield, to earn a
return. They can they can do all sorts
of things they can stake it for or they can buy it for
speculation. They can buy it and you know,
they can set it and put it in the marketplace and you know,
see if there's anyone interested in buying it for the price they
set. So yeah, the whole concept of
the blockchain is actually to make the foundation layer of our
blockchain renewable energy. Because the way the world's
headed, everything's being electrified.
So it should be like the foundation of value should
really be in a digital world, you know, the value should be
energy, clean energy. I like that.
That's very unique. I've never heard of something
like this that's so interesting. Yeah, we're taking a different
take on blockchain technology. You know I will.
Be So what? Push you to do that?
Like why? Why are you doing this?
So I mean, there's many reasons. First of all, like I said, I
have a background in renewables, so understanding the markets
from the inside and understanding the intricacies
and and the complexities for the average person to engage.
So I mean, the best example I would use would be if you
remember Forex, for example, you know, in the early 2000s, you
know, you could go to a Bureau the change and buy your dollars
and exchange it for yen or whatever.
But no one ever really did that right to make kind of any
profits that no one would ever do that.
Then suddenly in the late 2000s, you know, in 2010, 2011,
everyone suddenly was a Forex trader because all these
applications came and, and allowed it to be easily
tradable. They did the pairings and all of
these things. So for renewable energy right
now, which is probably a fundamental, one of the main
fundamental resources that people should be looking at or
people should be investing in for, you know, the future of, of
this planet. It's got such an archaic system.
Like I said, the system's so fragmented and it's so
disjointed that bringing that on chain only made sense to me.
And you know, we've, you know, we've been developing this
project, should we say, you know, Black Ops, you know,
without any, any kind of marketing or anything because
right, you know, you have, you have chains out there that have
100 million. Yeah, I know.
Available to deploy, but without, you know any real idea
of how to utilize it. So like I said, we have an
inbuilt utility and what we're actually doing, we have a use
case which is, you know, helping renewable energy and helping
renew renewable energy producers benefit, have liquidity and
have, you know, instant customers remove, removing the
middle men. So yeah, we're we're
democratizing energy. Interesting.
I like that. I like the so is that, is that
like the big vision here, like your North Star, 'cause I'm
looking at the sorry, I'm just like going through your website,
what we're talking. About yeah, go for that.
And that's what I'm sharing on the timeline, which the website
is D dot energy, which actually nice, nice domain you got here.
And there's the white paper, there's manifesto websites
looking clean, very easy to see. So for those of you who are
listening on audio and you can't see what I'm sharing online,
just check it out D dot energy and you can, you can learn more
about this. There's a white paper and
there's a manifesto that's pretty like short and sweet and
pretty clear here. So is that your North Star?
Yeah. So I would say our new star or
our kind of big vision for the future is making clean energy
the new currency of the digital world.
You know, like I said, we're heading towards a completely
electrified world and the energy use of requirements is just
going to increase. So making, you know, Once Upon a
time our currency was backed by gold, you know, before it became
just, you know, promissory notes.
So we're, we're, we're using technology to verify and to
create a really fair system that allows people that are doing
positive impacts to, to reward them directly and provide
liquidity. So yeah, the big vision for the
future is just making clean energy the new currency.
Our our our native tokens called Watt coins like electricity
watts. So what's only produced and can
only be produced. So we have something which which
we call inverted mining. So as Bitcoin requires loads of
energy and resources to be depleted and used in order for a
coin to be generated, our system requires every time our network
uses one MW, 1000 megawatts gets offset and only then can what
coin be created. So it's an inverted mining
process mean, meaning that is a net positive impact on the
environment before a token can be generated.
OK. And so wow, this is like quite
the opposite of drill, baby, drill.
It's mine, baby mine. This is exactly that, yeah.
This is Speaking of mining Tyler.
You missed out that the Trump's invested in a mining company
that lost you with a hot 8. I I thought you were.
Yeah, but I'll talk about that. We'll.
Keep back for tomorrow. We'll keep back for tomorrow.
So, so there's a token. So is that token already
launched or like, how do how do our listeners, you know, tap
into this? So we are currently running in
test net. We've been running our test net
for just about a year now. We're imminently I would say
within the next few weeks or within the the next coming
month, we'll be going to main net.
We'll have our TGE and we'll be shortly after announcing our
public sale, we're doing a public sale on our on our first
community run decks, which is called Wattswaps.
So Wattswaps is a community run, community run project which
allows instant liquidity. So there will be pairings of
it's already bridge to ETH. I believe I was speaking with
the team. So you can do your USCT or your
USCCS for swapping and there will be an instant liquidity
pool there. So yeah, our tokens will be, you
know, I would say join the, the channels and, you know, look at
our Telegram, our Discord for updates on when the public sale
will be available. We're having a whitelist for
some of our community, you know, our, you know, veteran community
members, They, they can be whitelisted.
There's certain measures which we're announcing that they can
do to qualify for that. So yeah, the token's not
available yet, but it will be imminently available.
OK, OK, so how does the listener FOMO hour tap into this?
Like is there, is there someone in in like how does someone here
participate so that they could like get a little bit of
something? So I would say your community
are more than welcome to participate in the upcoming
mechanisms that we have some competitions which we'll be
running, the winners of that will be automatically
whitelisted for the public cell. And there's certain other kind
of mechanisms which we're discussing we haven't finalized
yet. But like I said, listened in to
the community. All the announcements will be
posted there on our X Yeah Telegram Discord.
All right, perfect. Well, Shafi, thank you so much
for for for being a part of us today on the show.
You can check him out Shafi Rafi on X or just D dot energy on
that's their website. It's got absolutely everything
on there. So check him out.
Shafi, thank you so much for coming today.
Thank you so much. Thank you for your time, guys.
Pleasure. All right, all right, all right.
Well, that was the show. Boom, right on the .1100.
Love to see that. And tomorrow it should be on.
I definitely won't be on. Yeah, because it's 4:00 PM in
Geneva, so definitely should be on the show tomorrow could be
fun. And then.
And then I will be off then. I can't wait to be in Europe,
man, I need to change your air. Fuck.
Yeah, we're going. What are?
Let's move now. Man, I have I'm going to be away
for five weeks, brother. It's stressful.
How do you pack from this? Good question.
So I first of all, I packed on Friday so I don't have to deal
with it this weekend or today. Second of all, you have to pack
different vibes. You know what I mean?
So it's like 'cause Geneva, I have to like dress really up
like after like wear suits and shit, but then I'm going to ship
and back home. But then Paris is Paris
blockchain week. So we'll be there at the Paris
blockchain. Wait, for those of you who are
going to be speaking any all the good stuff or video stuff, this
is one like laid back crypto conference vibes.
Then I'm going to Lisbon for two weeks to work with our team
locally and also work on my move.
So I got to work on that. And then we're going to Dubai
for token 24 now, which is a different climate.
Like shorts and T-shirts every day because it's too hot, you
can't breathe. So it's tough to pack for that
Tyler. But you know, when you're on the
road like 4-5 months a year, you kind of learn like I managed to
pack all of this in one suitcase in the tiny, like, you know, my
little carry on. So it's so bad, right?
It's not bad. So yeah, it's it's going to be a
lot, but the show will still go on.
Don't worry. Don't worry, y'all Mando Tara
still there. I should still be there for the
for almost all the shows. Just Wednesday interview will be
tough. And with that, with that, with
that, we'll see all tomorrow morning, 10:00 AM Eastern
Standard Time for another episode of Foam while we're on
rock radio. Let's go.