Yo-yo, yo-yo yo, what up? What up?
Good morning Morning GMG. Monday Duperi.
I should call it Duperi. I should this.
It just doesn't roll off the tongue so well.
Monday Duperi 29th 2024. Look at that.
Another beautiful day to have a beautiful day.
Another beautiful week. Feels so good today.
To have a beautiful week it over.
Ending January with a bang. Over here.
Seth Mando, How you guys doing today?
How's your weekend? Good Ready for another week of
the week of shenanigans? Yeah, another week, another
week. How you doing Mando?
I'm doing great, man. How are you?
I'm great. I'm great.
Was at the gym very early this morning.
You know, ready to rock, ready to rock, ready to rock'n'roll.
We have a big week ahead, that's for sure, because we have a
whole lot of stuff to talk about on the show this morning that's
for sure as well. And the weekend was kind of fun.
I mean you know check prize, good prize.
You know check this morning, not so bad.
Looks like we're we're not getting dumped on like crazy
When the show starts again, like we were for the last like three
weeks or like the first two weeks of the ETFs is every day
at 10:30 AM they had to just unload the clip on us.
So it feels a little better. Not gonna lie, but I'm sure
we're gonna get to that. So anyways, today on the show,
today, today, what we got, What we got?
What do we got for formal hour #48?
The market report, as usual. So you know, macro, micro
crypto, NFTS, all that good stuff.
So there's a lot of stuff happening that's for sure this
week and in macro. I know OVU had a quick tweet
about that. So we'll we'll be recapping
what's happening this week our 4th day-to-day covering what's
going on of course massive week for the salon ecosystem as the
you know arguably one of the biggest air drops in crypto of
the year is taking place this week on the 31st with the
Jupiter airdrops. So we're going to be you know
hypothesizing I'm using big words you like that OV
hypothesizing about that. I know OV's been pondering all
over my timeline so I definitely want to get to that with him
about the potential outcomes and that we the boys behind the
scenes are talking about a lot anyways.
Binance. What?
Binance fudge his own bags. What's going on here?
What happened? OK, I we're going to though you
know it's spelled Binance on the on on the tweet love.
That seems like one too many. What does it like to drink
whiskeys with with MO at the PJPP aspirate event on Saturday
night And then though that looks really cool, Open C corrects its
headline. So there was like a headline
saying that Open C was apparently open to like selling.
We all got excited about it. It's not selling.
What does that tell you about how people feel about it?
Huh. Anyways, that must suck to see
how Thailand, I'm not going to lie.
Also, by the way, Speaking of timelines that were corrected,
the timeline we covered on Friday was corrected by Elon.
So the the raised thing about Xai Xai you know that was
corrected by Elon saying that's not true, that he's not raising
money and he's never had those conversations.
I thought it was funny that was correct.
Like right after when Jupe will talk about that of course NFT
Roundup, Solana, Bitcoin E we have to do it at this stage.
All chains we cover NFTS on all. I mean not all but three of them
on here and if there's something big on another channel, we'll
cover it. But those are the ones covered
on D Jens Finance. You can check check him out over
there. But it's all going on there.
Some Valhalla fad grill dot E you know delivering, you know
the heat on the timeline this weekend.
And last but not least of course another Robit $1000 giveaway as
you all know or you don't know yet because started last week.
We are parting up on for my with Robit and so you know we're
giving $1000 a day just to celebrate that.
So we're doing it for 15 straight days, so 15 shows for
business days. We've already had three winners
so far, and all three of them are people that actually listen
to the show avidly. A couple rules.
First of all, you have to follow FOMO hour.
Love to see that we've doubled our our thing.
So the next target guys, is to flip Bitcoin.
So we flipped ETH in terms of our following the price of ETH.
Now we have to flip the price of Bitcoin.
So we need 40. Yeah, flip it.
So we need 42,000 followers. Next that.
Oh wait, I still have this one. It's fire.
But we, we got it. We got it.
We got to flip the price of Bitcoin.
So make sure you follow at FOMO our FOMOHOUR and then of course
roll bit com OROLLBITCOM. So that's for sure.
And then I think you have to retweet something, right, Sims,
you're going to pin it. So you have to retweet a tweet
every single day. Where's that tweet?
I don't know where it is, but there's definitely a tweet
somewhere that we're going to pin at the top.
They're going to have to retweet and then we're going to pick a
winner. That has to be in the space.
So we did last week. If you're not in the space, I
mean you don't win because you know, obviously the tweets get
bonded by by retweets and stuff and we don't want someone to win
that's not actually avidly like participating in our content or
goal with our partnerships has always been to reward consumers,
participants, listeners of the show.
That's what we like best. Which is why the last three
winners, all winners actually listen to the show, which is
awesome and they get to do something cool with $1000.
There you go. So love to see that.
So we're going to be doing that. I didn't show as usual, but
anyways, why don't we get this party started lads, and talk
about what is going on in the market?
Can you dig? It.
MGM, everyone. So what did we have over the
weekend? We had a weekly close.
We're coming up to the monthly close.
Bitcoin kind of was hovering around 42 K for the last few
days. It went up, it went down.
We're currently still around that level.
SO42K Solan has been the one thing that's been outperforming
over the last week, up 11% on the week.
Now back up at 97, I think that's up about 30% from that
local low. ETH has been the underperformer
over the last seven days. Bitcoin's up 3%, SMILE is up 11%
like I said, and ETH is down 5%. So quite a big move there in ETH
versus some of the other narratives and generally some
other altcoins have been trading OK like not not not crazy but
we've we've seen bounces kind of across the board in the majority
of like the hot Hulk coin things like Tia say I had a brief run
up and then got dumped. Sui Sui's kind of hit it's at
the high again it's been some some changes in TBL there which
people have got very bullish about.
But yeah generally people are starting to look at an altcoin
season. I think we saw there was an A
golden cross on the altcoins and then the last time that happened
was monthly golden cross. This is where I think the, I
think I forget whether it's the 200, the 200 day crosses the 50
or the 100 day crosses the 200. So basically it's a good
technical signal, last up in 2016 and 2020, right before you
saw these huge moves in altcoins.
So people are still getting bullish in altcoins.
The general sentiment around Bitcoin is that we're seeing a
little bit of a short squeeze. You saw kind of shorts being
placed and they're still kind of clustered just below 45 K so
risk taking sentiment out there, although it's bounced around,
positioning has meant that people have been short and it
was very easy to squeeze them. So I would be unsurprised if we
continue to see a bit of a squeeze here.
Bitcoin could squeeze back up to 45 K before it decides what it
wants to do and we're generally kind of a bit of a bullish
sentiment. The the what's being on the ETFs
ETF obviously isn't the whole market, but you're starting to
see the flows, the outflows start to dwindle.
I think overall it was a $500 million outflow last week.
The big news that you saw today was that Charles Schwab, which
is I believe the second biggest or third biggest company with
AUM after BlackRock $8.5 trillion, is now thinking about
doing a ETF as well. So that's another huge company
moving into the ETF sphere. Charles Schwab is doing that.
Yeah, Charles Schwab, which is, yeah, massive AUM.
Is he like the? Super villain of the world.
By size, let me have global asset managers by size.
No, but like, he's getting Elon Colin like the Super villain
because of his comments at Davos or something.
Yeah, there was something. Oh really?
Maybe I missed that. Yeah, yeah, yeah.
There was like a whole thing with Elon saying that he's like
literally, like like in if you had like a Batman movie, like
he'd be like the guy like. Love that.
Anyway, Yeah, they're thinking about getting involved in the
game. That is a big, big player to
start. Taking.
Yeah. And they a lot, a lot of people
have their investment funds managed by Charles Schwab.
So this would be, I don't think they're that they're not
unbelievably massive in the ETF world.
So yeah, this would be. This would be quite a big it
was. For this comment, Mando Klaus
Schwab wants to be. Charles Schwab, then.
I was talking about the Braun Schwab.
But wait, it's the same Schwab, right?
I don't know. I actually don't know Charles
Schwab. I I thought I would assumed he's
dead, but. It's it's it's so Klaus Schwab.
Founder Charles R Schwab. Oh, he's still alive. 86 years
old, I mean. I may have the wrong Schwab
y'all. The wrong Schwab, dude.
Yeah, because there's also a Schwab that's the head of the
WEF, that's why. Right.
Yeah, that's a very different, that's a very different
situation than him and him and Elon.
Do not get on at all. Elon.
Hasn't. Been invited to the West for
many years actually. I mean hasn't been invited to
the World Economic Forum famously.
Anyway the yeah so they could be getting involved in that that
that would be another big big player to move in again another
big move in institutional. And I think you'll continue to
see this like you'll continue to see people be like fuck crypto's
not going away you know we're going to I I'm sure we'll see
all the big investment banks announce big big movements into
crypto soon crypto trading desks will start to pop up at all the
major ones. I think that that that is just
beginning as it starts to dawn on everyone that this is not
going away. I think, I think that's so
that's been like the main, the earliest piece of sentiment that
that's come out over the last at least over the last 24 hours.
And then yeah, it just feels like a little, a little bit of a
short squeeze risk taking is risk taking, appetite is more
balanced which allows us to squeeze quite nicely on the
macro side. It was a pretty eventful
weekend. There's obviously been another
flaring up of of of attacks in in the Middle East.
Three US servicemen were killed and there's been a lot of very
aggressive rhetoric on the timeline to get about response
to Well it was like a it was a Iranian backed group in in
Syria. Iran is this morning distance
itself from it so we'll see what happens there.
But like oil bounced on the back of that.
People thought stocks, you know, could really dip and they didn't
really. In fact, this feels like it
could even be like a de escalation moment.
It's difficult to say, to say what's going to happen there.
You saw with Evergrand, Evergrand, which is that famous
China Chinese property developer that file for liquidation China
also said basically any bad asset manager.
Remember we spoke about in the in the past that they have this
really bad shadow banking sector.
China basically came out and said we're just going to merge
anyone with trouble with the state, which they then since
denied. But like there was a story on
Xinhua, which is their like main state news organization that
came out saying that, which I thought was pretty hilarious.
Hold on. Like that's that's that's quite
easy, right. It's like, hey, like it's not
working. We're we're taking you over.
Well it would be easy if China wasn't didn't have like 350%
debt to GDP through its through its various state entities.
Chinese national debt to GDP is is is not that high.
It's like 100 ish percent, maybe slightly it's lower than the US
but then it has all these like state linked backed entities.
Obviously it's from like a more socialist communist background.
So a lot of a lot of sectors of the of the economy are basically
backed by the state and the debt there is like unbelievable.
I'm getting catched in strays again.
So what's? It's crazy.
Like I realize it's true. I watch Wreck Radio.
Your forehead really shines around like 1:00 PM.
Dude, I just. I don't know what to do.
But I think what I'm going to do for the next Wreck Radio episode
is just literally just come in with some baby oil and just and
just. You should lather up as the show
goes on. I'm really on so much oil for
the next Wreck Radio episode. Yeah, tune in TuneIn if you like
Mando and oil. What else has been going on in
macro? Yeah, so like I I thought this
is a big week for macro as well. Like this week we have the Fed
minutes on Wednesday. We have various different huge
tech earnings including like Google we have I think it's
EUGDP tomorrow, which is not that big an event, but then you
have you have non farm payrolls as well on Friday.
So people are saying this is the big, big week for macro of the
last few weeks. Like this is one of the biggest.
So I think the biggest. FOMC ever, right?
This is, well, the. Biggest FMC of your career?
People, there's been some talk of that.
You know that the Fed will keep it higher for longer.
I think Goldman Sachs came out over the weekend and said, look,
we actually think that the March rate cut could even happen.
There was a really good piece in the Wall Street Journal over the
weekend which is talking about what's been going on at real
rates. So like the Fed keeps on staying
higher for longer, but real rates and are really high right
now as in inflation has been coming down much faster than
people expect. PCE inflation came was, was
lower again on on Friday. And there is some light chatter
that the Fed needs to move very quickly now to reduce rates And
it's it's it's being cautious rhetoric is way overly cautious
with the where inflation is because global inflation is
coming down quite rapidly. China's facing deflation.
You've seen obviously a little bit more inflation now in Europe
because of what's been going on in the Red Sea.
Like people are saying that cargo rates are going to go back
up. But in the US in particular like
inflation is coming down rapidly.
I think Ralph Paul, if you go on to his go on to his profile, he
put out a really good like a lot of people look at Trueflation
which is like this this website on the which you can go on to
and it has its own rankings of inflation because no one
believes the US ranking of inflation.
All I can see from him is like a bunch of things saying don't
fuck this up, but I'm sure I saw something about inflation.
Looking for it too. And I'm looking at the same
thing. It's just one big sign, Tommy,
don't fuck this up. Maybe it's fine because I am
literally on the on the on the on.
Thank you, Raul, for that. Let's get him on this week if he
let's go. How about that?
Because that could be interesting.
I've got it now. I'll put it into the.
Hell yeah, Logan, you already
know someone's saying we got a fellow mad lad in the audience
saying Solana's pumping since the show started.
Come on, the Solana Bulls are on right now.
You got three bulls on this show you already know.
The US inflation by two places is 1.8%, so people are saying
that's really low, that's below the Fed target.
And the Fed is still keeping rates at 4% or whatever the hell
it is. So like there is massive
pressure right now I think for the the Fed to do.
I mean the Fed is keeps on saying hi for longer.
If you look at this chart, they need to cut rates very, very
quickly. They need to start cutting rates
very quickly. There's a, there's a much more
higher impact because oil has just gotten tanked as well like
it. I mean it's gone up recently
because of what's been having the Red Sea, but the oil was
trading 120, now it trades at 70 or like just shy of 80.
So big, big reductions in inflation across the board.
So people are getting generally a little bit pulled up I think
for this FOMC like they could have to do a big old pivot and
you know, China's pumping, China's basically saying we're
going to back every single company out there with trouble.
I just don't see a world where where the Arthur Hayes view
that, you know, bitcoins going to go down 20%.
Who's that guy? Who's the guy that you Chris.
I forget his second name but he putting out that we were going
to hit like high 20s on Bitcoin. This just this feels like a very
supportive environment for me from a macro perspective.
I I think we're going to go higher.
All right. Love to see that.
Look, that's a great market recap here.
I'd love to see that bullish all around of course prices
seemingly are looking good here. Ovi, I'm going to go to you
here. You know you mentioned obviously
this week is going to be big on many levels.
You already put a tweet out FOMC on Wednesday with your AirDrop,
PMI Thursday, Friday payroll. So we'll talk about these like
respectively on the days of but like obviously the big thing
happening in crypto and coins that you're following a lot is
Jupiter, right? I see you've been tweeting about
it a lot. How do you feel about about
about what's happening, what's coming.
I know you had a tweet about when obviously the AirDrop
seemingly has done well, flipped my overnight think it's it was
sitting 150 mil when I woke up. I haven't checked since SO that
that seems to have done well everything.
So how do you feel about the coming Jupiter AirDrop?
What do you think happens here this week for the Solana
ecosystem? It's it's going to be big like
you've seen the test funds of it, right?
We saw Mock Jupiter that just went crazy.
Even though it was literally meant to be like a test coin
that was not to value. You seen when like that's now a
3X or even a 4X depending on where you're able to get it
since since it came and now you have the real, you know you have
the final, the final episode the the real deal which is which is
going to be duped. So it's going to be huge.
I think like you can see where it's trading.
There's a there's a website called Avo a EVOI think it is
which has some markets in the grey like OTC markets for coins
that aren't out yet. So they have blasts on it.
They have Jupiter on it and right now Jupiter is trading at
like a well look this morning it was like a $7 billion fully
diluted value which is higher than Uni swap.
Uni swap trades at $6 billion. You know obviously FTV isn't the
only metric and I'm sure the stack litting supply will be
very low to begin with and whatever it's going to have the
new core narrative etcetera. But it's it's very high and I
think something like 50% of that is going to the community of
which is split into four different seasons.
So maybe like 10 to 12 1/2 percent is going to be air drops
to people you know 10 to 12, 1/2% of of let's say 10% of of
$7 billion. So 700 million like it's a lot,
it's a lot that will be injected into the salon ecosystem.
So I think you can't really, you can't really ignore the
potential impact this will have and unlike something like when
when you know that was what it came out what $50 million FTV
and everyone, it was split across like a million wallets.
So each wallet at most got like $20 or something for jupe like
the the biggest wallets are going to get fucking hundreds of
thousands like 6 figures. I'm sure some people are going
to even maybe get 7 figures off this.
So it's really going to create like some real wealth in the
Solana ecosystem. And you know we've talked about
this a lot like look at where Uniswap trades at $6 billion,
ETH trades at $275 billion market cap, Jupiter's going to
be at what 78910 and Solana trades at $40 billion market cap
where it be 55 if you look at FTV.
So again you can't it's not the they're not the be all end all
metrics and it's FTV is just a meme and and.
At the best of times. But it does kind of show like
you know how much money is being is being injected into this
ecosystem, how much people are going to make and how much
you're losing out by not being a part of it.
So you know, my expectation is that it will probably result in
Solana itself going a lot higher and I think you'll see some of
that. I personally think you'll see
some of that capital get redistributed across Solana
Betas which right now it really is like all the memes and and
well some of the memes at least in the ecosystem.
But we'll see what happens. You know like the you know what
wouldn't be great is if if blast came and then like those people
aped it then it dropped lower. Sorry.
If if Jupiter came and then it would kind of be a bit of a
mixed impact because some people would have made money in the
AirDrop. Some people would have made lots
of money, lots of money trading it.
Like the best case now is it comes people make money on the
AirDrop and it does like a two or three X and then everyone who
bought it makes money as well. And then it's just like
everyone's just fucking printing in in the Solana ecosystem.
Yeah. And I just think that has to,
that has to bring more people into it.
Like if you, if you're sidelined and you see that happen, you
just see all these people make that much money, it's going to
have to bring you in. You can't just keep, you know,
not being involved. I think if you're if you're a DJ
in the space and I think my guess is that's what's going to
happen. And as I'm saying, 10 bill min
10 bill minimum on Jupiter. There is in no world does Solana
make sense at 40 billion and Jupiter at 10.
But does that mean that Jupiter? Is mental, that's actually
mental. Let me ask you, though, let me
ask you because does that make Jupiter overpriced or Solana
underpriced? I think Jupiter is seeing so
that Hayden Adams actually went onto Twitter today.
I don't know if you've been seeing and he's been famous.
He liked the shade he was getting on.
That well because Jupiter's been doing about 500 million of
volume a day, which is very high and it's been beating, it's been
beating UNISWAP V3. People forget that Venus UNISWAP
is as like as AV2 and AV1. So overall UNISWAP is still
beating Jupiter for trading volume.
I think the experiential like trading on Jupiter and trading
on on UNISWAP does feel very different.
Like I think people like the app of Jupiter.
So like arguably people have been saying also Hayden Adams
put out a thing on the weekend where he was like, yeah, but go
back a little bit. He also put out a poll saying
oh, which chain is the best. For sure he came up.
So, like people have been saying Unispop's going to come to to
Solana and maybe Jupiter will go back to to ETH.
Like, who knows? Like they can both attack each
other with that sort of market cap, right?
Like, if I'm sitting there as Jupiter, I'm thinking, right,
I've got to come to eat as well, That's where I mean.
If I'm the founder of Uniswap and I see the market share going
on Solana, I'm launching on Solana the next day.
Jupiter at 7 billion seems high to me, but it also seems like
people it's going to have a lower current market cap and
anyone who knows anything in crypto knows that you know you
can. You can fucking mean something
with a low current market cap, High fully dilated market cap to
so whichever level you really want, like what fucking SPF did
with all the Sam coins but it so it could.
I think you could go to 10, I think you could probably go to
10. My answer's not wrong here.
If this thing comes at 7, like, I think there's almost 100% that
at one day it. Pumps as long as $100 guys.
Yeah. Call this morning man, though.
Everything's. It was pumping level.
In my opinion it's just so wrong as a level at this level, like
the the. Thing is, the reason why I was
asking that. And by the way, that's the this
is the pull that man was alluding to, which was like,
obviously Taco Bell on the thing, right?
But you know, that's a joke. But Solana is probably like what
he was his head's at like I think I think what happens here
is Jupiter drop comes out seven to 10 bill let's say Jupiter
respect like Jupiter is definitely $10 billion token
when you look at its uses the how much it's making all that
good stuff. I think I think it actually is
going to this is what's going to push propel Solana higher.
So I don't think like to to answer my own questions like
that puts Solana makes it underrated.
Because of course like the decks can't be worth 25% of the total
market cap of the underlying tech, right?
Not unless I'm wrong and I'm thinking too hard here.
But like, like if Jupiter's 10 bills, solana's not 40, it's
like 100 to me, right? That's what I would, I mean to
be fair there is some obviously that's not Solana's FDV is like
50. So it's it's like even then it's
just a wrong level in my opinion versus because the next AirDrop
like this isn't the only AirDrop coming, right.
Like we had GTO which was the main staking platform.
But you have you have like you have like 10 different protocols
like you have the biggest pop decks coming.
You have you can have a bunch of games coming like there's going
to be a ton of different things and people are just going to be
like well this is just wrong. Like I can I can dance around in
Solana for a little bit and I can basically make up the market
gap of Solana with all these air drops coming.
So I think and it's not, it's not just an empty chain like
that as well. It's not like people are just
playing for the for the edge of like that's where a lot of the
culture's happening as well right now.
So I think, I don't know that's my big, that's my big call on
the back of this. This is the salon's going to
look very mispriced. Yeah.
Yeah, that's what I've been saying for for the last for the
last few days. What do you guys think?
I know over You've been obviously, like, pondering about
this a lot this weekend. I love the tweets.
What I loved is like someone
when you wrote about the when thing, someone's like, damn,
you're thinking deep these days. I was laughing because it's so
true, but I love that. But like, what do you think
happens, right? Like with the Jupe, do you
think, do you think you know people stick stay in jupe, do
you think people go to the underlying coin Solana or are
people just going to go back and gamble in the casino talking
meme coins or are they exiting the chain Which by the way,
that's like the last thing that happened I think.
But like what do you in in that order?
Like what do you think? What do you think it happens
post Jupiter on the 31st? It's a good question because
what we're still seeing is we're we're still seeing like this hot
potato price action. So like capital moves from 1
meme coin to the other meme coin, then to when, then to
jupe, and then you know, not that the entire space is very is
very much struggling to rally. I think that could change
because we're going to get something like $700 million,
maybe even like a billion dollars injected into the
ecosystem and then people will have a lot of money to spend on
lots of different things. But I think in my opinion,
different people will chase different things.
So I think most Solana Dijon's will be like, cool, I made money
on Jube, meme coins are down quite a lot.
I'm going to go splash a little bit my profits on some meme
coins, see if I can make some money there.
I think that's. I think that's just a very
natural thing for people to do while meme coins are down.
I think most people outside of the salon ecosystem will be
like, fuck, I just need to get involved.
Easiest thing to do right now is buy soul and hold that.
Maybe some people buy jube and and hold that and maybe some
people get into their ecosystem as well.
So I just think like this could be after we see jube and after
that filter, you know initially when it comes, I think everyone
will want to ape Jube because that would just be the the the
new shiny coin. But eventually that money is
going to filter through the ecosystem.
And then I think we may finally get a moment where like
everything rallies in the ecosystem, not just one thing or
two things or three things, because you've just had almost a
billion dollars of liquidity added, right.
That's equivalent to, you know, that is literally equivalent to
like a massive retail influx into the ecosystem, which would
be another thing that would cause a big unilateral raise.
So yeah, like, I think you'll see everything rally and it just
depends like the easiest trade I think is just to be long,
Solana. And if you want to play with
leverage, you can have leverage as as as Mando said, I think
some people like to not have any leverage and they like to play
with memes. But I think it means it's
trickier because you just don't know like you know 11 week 1
meme is really hot and the next week is completely dead.
And for you know next week when everything rallies, there might
be a brand new meme that's going to start rallying and you're
just like, you know caught with your Dick in your hand.
So I think I think you if it for memes I would just stick to my
my personal views obviously like sticking to the ones that are
established and I've showed that they last like each mini meme
cycle of like one week or whatever even if they're a
higher market cap because I think they'll do they'll start
doing all this stuff is going to do a fuck ton of volume it's
going to be a lot of volume and I think you could just you know
like that that Jupiter is already doing.
We just talked about how it's doing more than uni swap on a on
a couple of days it has to I it's just I think it's just
inevitable that like the highest volume coins get you know hunted
by some of the some of the exchanges and as they want to
get you know capture like this amazing D Gen. activity that's
happening in Solana. You know like I just I can't see
a a scenario where those guys don't start getting more
aggressive on on Solana coins in my opinion because on the one
hand it's like you know in a bear market was like list my
coin list my coin list my coin They're like they have all the
power. But when you inject a billion
dollars into an ecosystem and everyone's fucking printing and
everyone's completely degenerate and and is making money.
Then those guys have the power right.
And and exchanges have to kind of like try and chase that to
take that liquidity, try and take that liquidity away from
Jupiter, which is what they're going to be trying to do once
Jupiter launches so. That's.
Why I think it's going to happen.
We'll see. You know, that's that's my take
and I don't know, I don't have like super high conviction on
it. I'm I I'm moderately convicted
on it. I think it's a bit of a gamble
but you know I'm I'm hoping it's a gamble that pays off.
Maybe it doesn't. Who knows?
That's, that's my take. So I think I was thinking about
this the other day, which is like after the first Blur air
drop, everyone went fucking nuts trading NFTS, right?
Absolutely nuts here. This is obviously AirDrop, one
of many over the course of the next year for Jupiter.
Like do we think volumes go up or down after this first AirDrop
in Jupiter? Do you like, does this draw
people in like you're saying and we start to see this thing just
start to go crazy in down to volumes?
I think it's going to go fucking mental, like I think they're
going to do they let's say, let's say it does come at 10
billion, which is not inconceivable given the FTV
right now is 7 billion. 10% of that goes to community maybe
more. It's about it's about a billion
dollars and so like there is no way like you know that billion
dollars will turn over, right. That billion dollars itself will
turn over in Jube. So yeah, I reckon like you're
going to have, you're going to see after Jupiter after Jup
launches on Thursday, I believe it is a on Wednesday you're
going to see days when dupe Dex is printing more than a billion
dollars a day on multiple. Days for sure.
I'm going to tweet that now. That's why I think it's going to
happen. I I see that I I.
I think so too. I think that's what that's the
blur model, right? Like suddenly everyone hears you
go and and the next head drop could be comparable in terms of
size to the first one. It probably won't be as big, but
it would be comparable. Like people are going to trade
this shit out of stuff, I mean. We, I mean, look at us.
I mean we're we're literally that example like this morning,
man. Doing the chat, you're like, yo,
what do you think about this coin?
You send me another shit coin. Yeah, I mean, like, but not only
that then you go, I'm also long Solana.
But like, even me, when I look at coins like even like this
morning, there's like other founders sending me like, yo,
what do you think of this thing? Or hey, I ate this thing.
We should buy like it's just like.
NFTS It's awesome. Hey, right?
2021 NFTS. It's also remember the the the
total volume numbers go up as the coins go up in value because
it's like the dollar value of it as well.
So yeah, it's like it's like it's it has this weird like
exponential effect in both ways. Like the gamma is pretty crazy.
But like if, you know, if the average coin is now $50 million
mark cap, so $10 million mark cap and it's still trading like
the same number of tokens, that dollar value that's trading is
like going to be 5 times higher, right.
And and so I just, I just think, yeah, I think it's going to be,
I think it could be, yeah, it could be mayhem.
It could be absolutely mayhem. Another thing they're going to
add, I don't know if you saw this, but they're going to add
like a native pool created like unispot.
Yes. Yes.
So UNISWAP right now is really like, yeah, you can trade, but
like it's D5 because you can like create a pool of, I don't
know, ETH versus I don't know pick your coin like maker and
like that you can be that pool. They're going to now do that in
Jupiter. So you're going to see again.
That thing honestly the move is probably LP ING like ILP.
I remember LP ING Blur when it first came out and that was like
really good returns and like even though like first remember
that LFG AirDrop not long ago that that happened on Soul.
I out peed it and it was nice like I made some soul and shit
but like on Orca like everything is so much easier to use man.
Like I'm not even trying to. Knock on also, though, right now
it's not on, not on Jupiter yet, and they're going to start doing
that. Exactly.
So you're not only you seeing huge volumes, they're going to
start earning more fees on it and you like I think it's going
to go fucking wild what you're about to see.
I I I think we're meant to like obviously like everyone can have
their own risk tolerance and do their own obviously based on
what we're talking about can like even internally like us do
we have our own like ways we're probably going to attack this
this this this beast. But like for example Mando, you
were like, OK, I'm just going to launch Soul because for me
Solana is like the better trade, which by the way safest best
rate is probably just Soul, right spot or if you have risk
tolerance, I mean. I'm in Super DJ, so yeah, but.
But you're you're you're DJ ING because you you put the leverage
on, but you're putting leverage on the the salon, the token
itself. You're not going like 20K deep
into width for example. Yeah, the country your.
Largest. This is the largest level
position I've ever had. Oh shit.
Hold on. What?
On a single coin. I did not know that.
Yeah. How big we talking here?
I just found this out, yeah. This is the largest level
position I've ever put on a coin, about four and a half
million, four and a half million dollars on on that.
So some liquid, maybe half. $1,000,000 long.
I'm certainly into fucking seafood.
No, it's it's big. I put on a big one for this
since since well, I I tweeted out, right?
I tweeted out when I was going to start putting it on.
I mean you, you literally went long at $80.00, so you're Chad.
Like you're good already for that.
When, when, when it was that that reverse band, the OV index,
it lasted 24 hours. We're back anyways.
But what I'm saying is, like, we have different approaches,
right? For me, my approach is just
going to be like, just ape the fuck out of every single jupe
air dip. Like I'm just going to like,
throw rockets at it, you know? But you know, that's just like
the way I will. Will be a great thing to trade.
I'm just going to look at the AirDrop at the dips because
there's definitely like look salon at the end of the day, the
way I see it and I I talk about this often is the best casino
AKA the Sky casino, OK. And so you have the best casino
on planet Earth, which is the Solana ecosystem and the network
itself, right? Whatever you think there's.
I know there's a lot of good stuff being built on it, but a
lot of people want to come in and gamble on it, right?
That's the truth because they want to come and try and make
catch a 10X, catch 100 X change their lives.
That's what's happening in the world, in the space, and that's
where all the meme coins are from.
Meme coins are just all different tables.
You have the $5 roulette table, You have the fucking VIP's
roulette table. You have the blackjacks and
everything. So that could be your whiff.
That could be your, I don't know, like, what GME AMC on
Solar are trending now. It could be a Harambe.
It could be a fucking win. For what it's worth, though, it
sucks that that got decimated because that was a fire token.
I love that one. But like, there's a bunch of
different ones, right? And by the way, if I'm naming
coins, this means I'm buying them or bought them or whatever.
I'm just naming whatever first comes to my mind because that's
what's being traded right now. But then you have also like
Jupiter itself, like all the tools being built in that casino
to power it. And so to me like just buying
the dips on that is going to be the move.
And like people in my opinion are going to be taking a lot of
profits out of jupe right off the bag because not everybody
has like a big bag, let's be honest.
And they're going to go probably put down mean coins or slow down
underlying asset. But we're probably going to see
a lot of cell pressure right off the bat.
On, on, on, on this, on this, and then, you know, fucking in
Meowee Trust, right. So I think it's going to be a
big one. I mean, Obi, how are you going
to tackle Wednesday? Are you a Jupiter dip buyer?
Are you a whiff buyer? Are you a meme coin buyer?
You Solana longer like what's your What's your attack here?
In terms of like how best position for this I?
Don't know how are you personally?
Yeah, Like, how are you going to approach?
Like obviously Manuel just said he's long.
Oh yeah. I just.
I just earned loads of whiff
really. We saw that.
Yeah, I mean I've had it. I've had, I've had it since like
December sort of being in and out of it in terms of like size.
I don't know like it's a bit, it's a bit of a left field one
like it's not, it's not like the the most obvious trade.
I think like you know a way to dumb it down really would just
be to have leather tall I think or just even Seoul.
I personally don't love leverage like I haven't done while
trading it And for me like I want something I could hold onto
a bit more rather than just like, I don't know, like having
that whipsaw so, so but I wanted to have like a beta to soul that
wasn't, you know, that would like outperform soul if that
makes sense. And it's a tough one because
like you know something that doesn't always outperform soul
and you have lots of different factors.
But I just, I just fucking, I don't know.
I'm just pissing around really, aren't I?
So I just thought, I thought I'd go for it and see what happens.
Let's see. I mean, look, Godspeed and good
luck to everybody who's going to be trading in.
Of course we're going to be talking about it tomorrow and
obviously on Wednesday day of is when you know the big stuff is
going on and and when you know that's going to that's going to
be obviously top of news and everything going on.
So anyway so that's that's about it on the on the Solana site and
of course like one thing we didn't mention, I mean we could
see the NFT ecosystem just see a massive bid here too right.
Like obviously like I know on the Solana NFTS front like it's
been colder because of when and all these air drops and meme
coins but you could see also NFTS catch a bid.
So hey, like if you want to position yourself recording you
can, but I think it's fair. It's definitely fair to to you
know to keep that in mind. Also another thing I saw in with
regards to Solana which was unused.
I guess Unibot is coming to Solana so.
It's already on, Solana, it's on.
OK. Yeah, we're just doing another
AirDrop for. For holders, it's been.
Printing a lot of fees like, obviously.
Bunk bought on Solana's been cooking like there.
I know people like cooking the referral links on that.
Yeah, cheats out, man. The level of jeats on Sol is you
can. Never underestimate it.
You should be selling troubles you can.
I mean did you guys see what happened this weekend Speaking
of Seoul, like with the shit coin that you know they hacked
the Sydney Sweeney like Twitter account?
I know it feels like a a year ago, like that's that's the life
of a soul bean coin. Right, that happened Saturday
night. Like they literally bought her
account and they they tweeted you know the shit coin that they
were you know involved in and then the dev just had to come
and ruin it all. I don't know if you guys heard
the clip from the from the spaces that was that was shared
on there, but it was yeah, it was it was really bad.
It was it was really, really bad.
I got back from dinner and I was like pissed that I was out to
dinner so I couldn't sell the whole position.
The 2nd that happened because it was like it was a nightmare.
But anyways, a lot of cool things happening on Seoul.
You got to love hackers understanding the assignment Now
instead of pushing links pumping.
The GME coin doing twenty $22 million of volume on a
$7,000,000 coin. That is what's going on in in
Solana, right? Now when you look at Dex
Screener, right? That's really fucking high.
Dex Screener right? It's all Solana coins.
Like you can even like just fix a lot.
Like it's like it's absurd the amount of volume.
Yeah. Going on like you go to the top,
it's just insane the amount of volumes that these coins are
making every single day. Like everyone's playing on the
world's best casino. That's it's that's just all it
is. Like, I don't think people need
to like, overthink that. It's just the easiest thing to
use. I mean, I love UNISWAP.
How many transactions have we all respectively put on UNISWAP?
I don't even know. We must have each had over 1000
transactions on UNISWAP in and out and but Jupiter's like, you
know, one click and one click out.
Oh, I want ADCA done. You know what I mean?
Like it's like. Jupiter and I have robot.
Those are my two screens. I don't know.
But see, Robot. Same thing.
What did Robot do really well? UI Yeah, UIUX.
You know, they gamified the trading.
They have that line ticking. They made it easy to be in and
out of a of a long and short trade.
Look at me, I I don't. I went on cukon the other day.
I used Cukon for a few things. I like.
I was like how do I long sole on cuco and shit.
Oh man it's such a headache like lip and like isolate margin fuck
this like give me like robit boom one click I'm in and then
bang one click I'm liquidated you know you know But he shot
the razor and lucky you know our show partner which by the way
reminder to follow alpha MO hour and robit and at the top is pin.
We're going to repin it so it comes to the front.
Make sure you retweeting the PIN tweet with the $15,000 giveaway
because we're giving $1000 away in 10 minutes and you got to be
in the Twitter spaces to win $1000 and we'll credit your
account. You have to have a.
Mr. Prediction. Nice to prediction, guys.
Solana at the end of the week, what do we think it is?
I don't know, man. I'm too like it's dangerous
because I'm going to leave you for a long way. 569, Yeah.
Like. I am like I'm too.
Dangerous man. Make you do it.
And also on a position this weekend, just, I don't touch it.
Like I'm like fully, like I am the most manlit manlit you can
find in Montreal. Like I put the M Capital M in
Montreal's Manlit. I don't know what that means.
But like, I've staked, I'm in. I'm so in.
Does it breach the recent high of 125?
I think, I think it goes to, I think the end of the week is
going to be at like 113. Yeah, I think, I think 110 plus.
Don't mind my, don't mind my lines.
I'm not. I'm not removing them for the
show. This is the only chart I use.
But but where are we ending this week?
Like dude like. There's just don't mind my
lines. Don't mind.
My lines. These are my lines.
Hey, you know. 142, That's quite a nice little line.
Well, it's just because we keep saying 143 because of here,
right, Like last cycle like this is the number that keeps coming
up. Three is the next, like, big
resistance point for Yeah, that's.
The one that we keep like getting, you know, dumped back
down to, right. So we're probably going to test
that today, but do you guys think we see 125 try again this
week? I would love that.
Look, I just think the FOMO into Wednesday is going to grow and
then I can only imagine after Wednesday it grows more like I
can't imagine if Jupiter is a success that Solana goes down
like I'm if I'm sitting there and and Jupiter hits 10 billion.
And to be clear, this I have a massive bag.
So, like, don't listen to me. I'm not.
I oh, you could. I'm putting my money where my
mouth is. Some of these influencers don't
do shit. I'm telling you that.
I think it's going to be a big trade.
I think it's going to go, yeah, 110 plus and then then FOMO
grows, right? OK, cool.
Well, you know you like that. You love to see that.
I love to. I I definitely love to.
I mean, you make me like tingle here when I hear that.
So love that. I like that.
We're also, I love how we're R3 positioned accordingly.
Like, like, no more Gary Gensler comments in the chat, no more.
Like, you know, it's like, oh. Just you wait.
Imagine if they win. Imagine if Coinbase win.
Yeah. OK, Win.
Coinbase, right? Not if when Coinbase wins like.
Although they're not saying it will get tossed out this this
time, they say they they think it will eventually get tossed
out, but not right now, guys. I was expecting to get this
bullish today. I was like I've been taming my
bullishness over the last week and 1/2.
Have you? I haven't been I to be.
Fair to be fair. He has.
Oh yeah, he. Has he has?
I haven't been chasing FOMO. I haven't been chasing palms.
I haven't been leveraged trading at all.
I emptied my account. He traded the last few days.
Well, like no leveraged trading. You sold you.
Have you stabled some? A couple of weeks ago you
bought, you bought the, then you bought the dip.
Yeah. I think you.
I think you paid it. Well, yeah.
Thank you. Wow.
OK. Can I have my yellow belt yet?
Fuck, man. These guys don't want you.
You don't. Have a guest for Wrecked Radio
this week? So if you want to come on Flo.
Not yet. I'm not ready.
I'm not ready for wrecked radio.
I'm going to be on wrecked radio in Q 4/20/24 OK?
When I'm going to run up the portfolio like so high on the
Solano trade and everything I'm doing, I'm.
Going to be so oily for that show.
Oh man, you're going to be oiled up for that show anyways though.
I appreciate the invite, guys. What was a big moment I got?
I got a throwaway invite to Wreck Radio.
That's crazy. But I have to respectfully
decline it because I want to come when I deserve it, I think.
I think we're getting the Magic Eden Co founders, actually,
actually. You know what you know.
Why don't you message meow? He's been doing interviews.
Yeah, he did do an interview. I mean, that is the day of the
launch, so he's an hour of his time.
You don't. Shoot.
Hey, bro, you're you're on the 31st, you're on 30.
First, yeah, I said. I can't DM him.
He doesn't follow me, I said. OK, shoot your shot at meow, but
core point being quickly. Speaking of meows, quantum cats
and NFTS, let's go quickly about NF, TS 5 minute roundup and then
let's let's let's let's pick $1000 winner for the show.
So this week in NFTS or this weekend I mean you know a few
things going on. Let me pull up Deej.
I'm so good. I'm so happy you guys both we
chained. NFTS you seen this?
Recap that quickly, because that is.
No one's heard of it until until these NFTS I've moved.
They have 500K followers on on Twitter and I I only heard about
it last week. Someone was in my DM saying you
need to. Talk about bear chain for months
because he was a seed investor and then he fumble the bag.
Or he fumble the bag. Because of Sam, when he lost his
money, he had to anyways. Anyway, yeah, bear chain, they
have some native NFTS which are going to get some.
It's going to be an AirDrop coming.
They raised I think 40 million and and these NFTS are front to
like I mean where are they on The thing is this the all
section bear a chain or no? I don't think bear a chain is on
T chains yet. Right it is.
It is. It's not.
They're on ETH. The the NFTS themselves are on
ETH. Where?
Why are they not in the top? He should be.
I don't know why. Maybe there was.
Here, here. Bit bears.
Here bit bears.
There's a 5.79 ETH and this there's a range of different
ones like. This these right?
Yeah, exactly that some of these and these are going to get some
of the air drops. So they have just been running
this is 1 where you can own nodes as well.
People have been getting super bullish on the nodes.
I've my DM is telling me you need to pay attention to it.
It's it's a Cosmos sub like sub chain sub dance which has this
like. Oh wow, this is nice.
To try and shorten it, it has a a new way of staking like a a
more aggressive way of you getting yields via staking.
Very, very bullish on it. Very, very bullish on it.
And those NFTS have dominated volumes you see, look at this
one, huge, huge sweeps this. One for you guys.
It's a lad. There's a bear, a lad.
Yeah, Bong bears, they have a honey token.
Honey token is their native stable coin.
Like they they have Fucking wow. You know it's shit is running on
on their chain ahead of this. I don't know when the when.
I don't think it's been said when the exact date is going to
be, but it's going to be coming and people are going to say push
on that. So that's kind of been leading
everything. Pudgy's dropped a little bit
after they announced the after they announced like the yeah you
just need a little bit of consolidation but they did
announce like a a licensing platform you can go on to.
Most NFTS are slightly down. There's been the big run, Lazy
Lions had a run. They announced a you know a new
a new owner I believe of the weekend or maybe even today.
I think I saw it just before we went on online like they've
announced to the new Lazy Lions owner is, but they're they're up
a decent amount. Yeah, the they pumped yesterday
and. Then yeah, they pumped.
Yes, Elements era was a very popular mint on Solano, which
had a big run. Yeah.
What else has been been running? Obviously all the stuff that was
running before has has kind of consolidated.
So things like the the the Bitcoin puppets, they're down
slightly, but like they're still still a decent spot we went.
To we went to point O 55 puppets.
That was a sick like, I I like this dip here.
I like this dip. Apono 35 Mando, I think.
I if I the sole trade goes as well as I hope it does, then
then I I will be a full on. Light.
It up, baby, Yes. Are you going to sweep?
Here's what it is. If this trade goes well, are you
going to light like? That's not drugs.
Always looking at his bags like are you going to sweep?
Can you tell me the day which which you're going to sweep?
I need to. I need to place them into your.
Beds, so I need to know when you're going to sweep the.
Puppets from you, dude, like. All of mine?
No. You can go check my for a copy
wallet. No single one's been listed
because I love my puppets, but. For the ones who's told or.
No, I love my puppets and so and so and so I I just want you to
be part of the of the puppets, you know, like you.
Do I do I've loved them. I've said, I've said I got very
annoyed that they pumped while I was thinking about buying them
and now that you know that it's good.
I like, I like to see a consult consolidation but yeah sole NFT
if you go to the sole section of degens go check out degens.
I think this we've really fucking upgraded it now we've
got multi chain but it's how much better if you go on to the
top collections on Sol they've all up.
They're all kind of up on the on the week right.
It's been a decent period for Solana NFTS Mad Lads up for
Garner up they. Had a rubber collection that did
really well from pop punk so. Like elementary, like we just
spoke about had a big run even 10 the Tensorians which were
kind of consolidating for a long period they're they're up so
good period for Solana. Back to 140, the back to 170
with what's all going up. Keep in mind like all these
collections are doing well with the price of Solanas staying
strong and going on the upside. So it's it's, it's really
impressive actually to see that even though the Frogonas came
back up like they were up, down, up, down some of those
collections, it's back up like top of the of you guys
collection per volume. So that's doing well.
And then the last but not least is today.
I mean, you know our boy Udi, I know he's hosting a space in 35
minutes, you know, with the Quantum Cats mint happening, I
can't wait to mint. I'm super excited for Udi and I
think this is going to be interesting.
What do we think off the bat? So that's a .1 Bitcoin Mint 3000
units, right? And you have the first cat sold
for what, $250,000 that is? I just, I don't like looking
into it like that. Do I think these are going to
rally or not? I think the fact that everything
else on Bitcoin has been dropping it tells me that people
have been waiting to buy these. They think it's going to be a
big thing to to buy. Like that's why the Bitcoin
puppets are down. Like people are probably selling
them and being like, hey, I'll try and buy one of these, but
yeah, I think this could do well.
It's tough to rally a full 4 grand, right?
Like it's tough, but they remember they are backed by some
very big people, so. Backers in Bitcoin in Crypto.
We have, we have seen how that can sometimes go.
So I could imagine that these these and to be clear we all
have a mint. So like it's it's something that
that I think we should be clear about going.
Into it says it right there. Boom and it's in 33 minutes.
The website's working for me only, but maybe there's a lot of
people and I can't wait. I can't wait to support UDI.
I mean, we have been supporting UDI since day one.
So, you know, I'm glad that, you know, he saw that in US, You
know, I was like, I can't wait. The play here for me on the
Quantum Cats is, first of all, I want to be a comedian member.
War of the Quantum Cats. Because I love UDI and the
Tappered Wizards, it's the first like, access to their.
Wizard. I never got my my honorary
wizard, but it's OK because Udi said that he'll kill himself if
I don't get one by by point. So, like, so, So we're good on
that front. And now I set it on the record
and so that's the first, that's OK.
But so I, you know, that's going to happen, but blah blah, blah
on this one. My place.
Simple. I'm going to pray to God that I
meant a rare one. I'm going to sell it to a rich
bitcoiner because they're rich as fuck.
And I'm just going to buy another one that I like and I'm
going to be a community member for life so that I'm going to
put this out on the record but also into the ether.
That is the play mint a bubble cat.
Bernie and I I know Burn Dog was probably listening.
Bernie and I have the same play here.
OK We want to mint some rare cats with burn dog and I OK And
by the way, Bernie had to like grind for his allowance.
So I love that he got one. And so we're going to mint some,
allow some cats, get some rare ones, sell the rare ones to rich
bit corners because they have a lot of money.
So it's not like you're dumping in on some community member.
It's like some rich bit corner that's been buying Bitcoin since
2012. You don't feel bad about that.
It's like selling to a fund and then you buy one that is the
right one for you. I'm going to be Quantum Cats
community members forever and the Mens is in 30 minutes.