Yo-yo, yo. What up?
Good morning.
Good morning, GMG. Wednesday, May 20.
Is it Wednesday? Yeah, it is.
Wednesday, May 28th, 2025. Look at that.
Another beautiful day to have. A beautiful day.
I got my coast now. Tyler.
Mando. Big game.
Mando. Come on.
What did you just call me? Big game, not big I.
I kind of sounded like a big game.
I'm not going to lie. I kind of heard the wrong thing
as well, even though I said it actually big money Mando is
better. What's up y'all with that big
high T Tyler and big money Mando?
There you go that's not bad. There you go What's up guys?
How you guys doing today? I'm doing great man.
Market is moving, moving all around, but it's a good, good
day. A dip is coming and you are
meant to buy the fuck out of it. You.
Didn't come to the poker tournament yesterday bro.
What? Oh yeah, I know.
Well, I had sadly, and I'm not going to say what, but I had
something very important and type of meeting that can't be
rescheduled, which sucks and it was heavy and stressful.
I had to go an hour long walk after it, but I couldn't sadly.
But I watched. I watched the results and stuff.
I was really bummed. It looked like a lot of fun.
I can't believe you guys let Bernie in like top ten or
something. It's crazy.
I mean, if I was there like I would have won like the burn.
Was on the final table for sure. Yeah, I think Bernie, Bernie's
on a generational run, right? Like this, this kid is like, I
changed his name on my, on my phone to Bernie Bottoms.
Like that guy, Bernie is, is is on the generational run right
now. He's there.
Bernie Power Bottoms. Bernie Power bottom, you know,
guys having kids bottoming fucking NFT coins.
He's, you know, he's, you know, building houses, buying boats,
you know, he's Bernie Bottoms. Bernie power bottom is killing
it. Tyler, Tyler, how you doing
today? I'm good.
Despite these markets, they're feeling a little heavy.
I was kind of hoping we would just shoot right up to 120 Ki.
Guess we're going to wait for tomorrow or Friday.
Looks like we'll, we'll have to be a little more patient.
It's a weird market. I'm sure we'll talk about it in
a second, but this range is like so fucking tight and looks like
what's up with that? Speaking of which, we will talk
about the market today. So that's for sure, for sure.
Let's get a proper market report, then we'll go through,
we'll go through Tyler's top 100 again, big Newsday again
yesterday and giveaway. So yesterday finesse, I mean,
nearly $1100, love to see that. So let's see what they make
today. And then last but not least,
this show is powered by Wallet Connect.
Wallet Connect is a connectivity network shaping the future of
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you've seen Wallet Connect. That blue logo, it's everywhere.
I'm not going to trust in crypto as recognizable as Visa.
Check it once a little more follow Wallet Connect on X and
Telegram to stay ahead of what's next.
While I'm on a topic Tyler brought to my attention that
Wallet Connect is trading at nearly billion dollars now.
It lost at 300 mil. So if you've been listening to
the show and you follow our sponsor, they're cooking.
That's a clean 3X which size. But not only that, guess what
lads? You know how the prediction
market, Marriott has been doing a leaderboard for the top
predictors of the Wallet Connect.
And we're giving them tokens, the 150,000 Wallet Connect
tokens that we're giving away tomorrow.
They're going out. I think they're being sent off
tomorrow as Pedro, the founder contributor is coming on the
show as well is worth $140,000. We're giving our way $140,000
tomorrow. Yeah.
I'm not hearing enough napping about this.
Yeah. What?
This how mirrors the size of the
entire Arbitrum Kaido reward pool.
Yeah, just saying, but hey, Myriad right now I I I'm just
saying you know that. So basically Mendo, you know, as
you know, and Tyler, you know as well, we launched on top of
sponsoring our show Wallet Connect sponsored and partnered
with us on Myriad markets, which was a points prediction markets.
And you have to predict outcomes on Wallet connects, you know
stuff, right? How many users they have, how
many transactions are made? And there was a leaderboard
38,000 people participated in the Wallet Connect markets.
And tomorrow we're distributing $140,000 to the top predictors
on Marriott for Wallet Connect specifically.
So you know, info fine is the thing on Marriott too.
I guess technically it's info fine because informing yourself
and predicting. So maybe we need to market it
like that. Tyler, you know what, since
we'll work on that when you're back as well.
I know you're going to be off for a few days, but we'll,
we'll, we'll work on that because we are distributing.
So if you basically made a prediction on Wallet Connect,
there's $150,000 of rewards coming.
Out yeah they're here on marriott.com dot market sorry
right there right here wait wait where is it it's here there was
this predictions so it's they're all resolved now right and
there's a leaderboard and they look shout out to Ruby Pearl who
won and if you look here in Mando which is very interesting
for future partners there was 38,000 people participated in
this and so yeah we're giving away $140,000 to these people
and. What was cool about this is like
it's not just AI slob. Here's right no you.
Actually got to use your wits and do some research into their
protocol and try to, you know, get the the right, sorry the
bet. Yeah.
So like how much is 1? We CT.
So here the number one is going to make 20 grand tomorrow, so
it's trading at $0.92. The top predictor is making
20,000 while connect tokens, so that's nearly $20,000, yeah.
That's huge. Runner up is making 15 grand,
third person's making 12 grand, 4th person's making 10 grand,
and on and on and on. So the top ten, you know, I
mean, and then we're probably going to sparkle some tokens to
everyone. But it's interesting, right?
Not bad for for making predictions, informed prediction
markets. So not only here.
I was actually talking to another media founder in the
industry an hour ago about this. We went as a media company
because obviously we generate revenue from this from the
sponsorship of the show under expose, etcetera, Decrypt Media
and and Myriad Markets Wallet connect wins here because they
had 40,000 people actually partake in this.
Follow them. We requested so you'll follow
them go to the Telegram, get informed about wallet Connect.
I'm sure a lot of people are not much more free will connect
thanks to us. And then the participant wins
because, you know, not only did they get too far myriad points
by default, abstract XP, but also get a chance to win myriad.
So it's a triple win guys for the participant.
So yeah, not bad, not bad, not bad, not bad.
So anyways, so that's that little segment, but we'll talk
about it more tomorrow as Pedro. We'll be back on the show.
Mando, Mando, Mando, mando, Mando.
Let's see what you got for us today.
Who is the man back? Old daddy of the man.
Can you dig it? GM, everyone.
So yeah, we had a bit of a week, week a day, let's say in crypto.
If you read the headlines, I think it would, you'd be kind of
a little bit surprised because yesterday we pretty much had
five or six companies slash governments buying Bitcoin, it
feels like or announcing they are going to buy Bitcoin.
We had the biggest ones were Trump obviously came out.
Trump media says they're going to buy 2 1/2 billion.
You had GameStop today. You had the Texas bill looks
like it's going to get passed. You had El Salvador buying some
Bitcoin. You had you had that company
come out and bought ETH, $479 million worth of ETH.
And there was like two or three others that like I think
Metaplanet issued some more to buy Bitcoin yesterday.
Like everyone is buying Bitcoin. It feels like maybe that's
people are starting to get a little bit worried that we said
about there like that isn't all good.
But yeah, lots of buyers of Bitcoin.
The Bitcoin conference has been kind of a, a centrepiece for
like announcements, it feels like.
So we've seen a number of those come out over the last 24 hours
and pretty much it's the same announcement, hey, we're going
to buy some Bitcoin and various different people coming on stage
and saying it. There's been some pushback that
like it's, it's Bitcoin's become a bit corporate at these sort of
events, which I think is, is kind of true.
It's kind of funny to see. I think it probably feels much
different than Bitcoin conferences of five years ago,
let's say, but it's you're definitely getting buyers with
with all of this. With that, we've seen most
things sell off even though big with Bitcoin dipping.
I would say the major movers lower have been memes, but I
would say probably Solana ecosystem has just been a little
bit heavy as a broad group. So like far coins down, some of
the Solana D5 protocols are down a decent amount today.
And then it's difficult to stay with memes because I think memes
in general are down, but definitely the ones in Seoul
look like a little bit heavier. So this Seoul versus ETH trade I
do think is starting because ETH had a little bit of a rally
yesterday on that Treasury announcement.
And I think there's a little bit of like, oh, I don't know.
I wouldn't say it's like fear. It's just, I don't know if
there's as much confidence, let's say that that ETH is not
going to be the thing to to own here.
In terms of macro. We do have quite a big day.
So we have NVIDIA earnings and we have fed minutes.
I do think we could see some volatility around both of those.
I would be unsurprised if we see a little dip here across the
board. I tweeted it out today that
yeah, and we got a dip coming. I think it's.
Happening. Everyone wants a dip.
Everyone. It's very clear to me that
everyone's calling for it. We have the most short hedge
funds have ever been on on stocks.
Really. If you look at actually funding
across the board for majors, it's actually like negative or
close to 0. So like, I think that people
probably have missed this move and are now looking to.
Oh wow. Yeah, you can actually.
Well, it doesn't actually show. You can show it's negative, but
yeah, it's it's a really nice little.
Oh it is. Damn.
Yeah, and I, I just don't believe.
Look at Solana. Fear.
Yeah, let me put it that way. Like there will be a point
today, I reckon, where you're going to be able to buy
everything in an OK level. Have you seen Solana funding
right here? I think you meant to buy it,
yeah. Is that the most shorted time?
There's a little bit of like uneasiness about Solana and
immediately everyone shorted it. So it tells you that it's it's
not going to move anywhere near the amount that you think it
will be. It won't move much.
Interesting. A coin might move to 105 K and
it might zip straight back up high or it might move to like
103 K and it will go like AV shape like a rocket back up in
my opinion. So be very wary of being
bearish, but I would say that you're probably going to get a
good dip to buy today. Yeah, So this is the M2, right,
Mr. Tyler? Hi, T Tyler, This is this is
this guy's been posting it every day and it gives you that.
And it's funny enough, this is the top of the range, right?
So retesting the top of that last range at one O 4 before a
move up, which is something that a lot of people seem to have Big
James. It's now out of the out of the
equation, right, So so it looks like so it looks like that's
happening. You know, hang tight.
Memes are probably going to get the sharpest dip.
So if anything, instead of longing, you could probably go
into memes because usually these go like as far coins down from
like 160 to like 130. I think Pepe is down like what
20 something percent from its pico top here Yeah, down a whole
billion dollars. It's holding up so good dude.
I would say that because it's on Eve people are less that's why.
Whereas Falcon has this like but at the same time Falcon you buy
dips in Falcon. Yeah.
I mean, here, this has been the easiest chart to trade on in a
way, right? Every single residence year has
been Seoul. And so it's pretty, pretty clean
set up. So in my position, even if it
goes a little lower here, we'll still hold it.
Mug also is another good one because it's on east.
But obviously Pepe is is good. Ethereum looks good.
Man, I'm glad that this time it didn't just dip back to like
2400 right after hitting high 26.
When do we when do we think that that Ethereum has $3000?
Here boys, make a little prediction.
I don't know. I don't know.
I think Bitcoin could go a little bit lower like I said and
I think E will probably even underperform in that move.
But but I do think it's going to be the best all L1 to own for
the next couple of months. I wouldn't say long term, but I
I just get the feeling that it's got enough of the narrative back
and I think people are generally underexposed to it.
Yeah, I think a lot of people are very eager to call BTC the
top here as well, and they'll be very careful about that if BTC
goes lower. But we'll see.
Tyler, what's your 3K call? Yeah.
I mean, I think it's dependent on how quickly Bitcoin rebounds
here to a degree, though. ETH is outperforming a bit on
the week. ETH is up 2.7%.
Bitcoin's flat on the seven day. So I don't know, I feel like
it's in reach, right? Like it feels like we're going
to see it like by next Friday, more extended dip here.
And it doesn't really feel like it's going to be an extended one
to me, But I feel like the market sentiment is still like
so mixed that like you get the sense that some people want,
want us to go down and like that Max Payne is, is up.
Maybe because people are out of position.
But like, I, I don't know, I feel like people aren't
necessarily all just rooting, rooting on the rallies right
now. But what's interesting about
this E*Trade, I tweeted this out right before the show is these
ETF inflows are picking up for ETH, right?
And they were pretty, they've been pretty abysmal, you know,
for for most of the year, 275,000,000 net inflows in the
last five sessions, 350 million in the last 10 that that pace
keeps up. That's going to be a nice little
booster. And of course there might be
some multi neutral trading happening under the surface
there. But if you if you take it at
kind of face value that that seems to be another potential
big driver. And I think I really like this.
It's hard to ignore that sharp link headline with consensus and
Joe Lubin spitting up 425,000,000.
I saw DC investor tweeting out today that he thinks S bet is a
buy. Probably.
Is it 20 million this morning, 20 million market cap?
It was about 5 million yesterday or something.
Before the news, Yeah. So it's up, it's up four and a
four and a half X off the bottom.
So it was. OK.
So it's down 12% today though, right?
Am I saying this right? Yeah, it it, it, it popped
yesterday. Yesterday it went up like 450%
and now it's wow I. Mean that's normal.
Wow, OK. Holy shit.
How do you, how do you justify 20 million versus the 425I?
I I I'm just working through this in real time here because I
haven't really started digging into this.
Yeah. Can you buy Asbets and like
cracking those platforms now that offer these stocks, right?
It's on the NASDAQ. Yeah, no, for people who don't
really trade on there, Yeah, I wonder.
But yeah, I guess we'll see. I I wouldn't bet against, I
mean, I wouldn't bet against consensus and so and stuff.
It looks like Joy's in with a mission to to save Ethereum and
and Amir. I think Ethereum needed the
saviour, right? Like a lot of people have been
talking about how the Ethereum brand needs someone to really be
a little more vocal about it, perhaps like this like sailor as
maybe not exactly like sailor, like more of a sailor as
personality or face. And it looks like Joe and in in
in consensus are going all in. I mean, as you guys know, you
know, they have consensus software, which is, you know,
inferior meta mask, all that stuff.
And then they also have Linea as their L2.
So that actually makes me very curious about Linea Tyler and
what's to come from them. Now I'm curious about that
again, because that's Darrell too, right?
That is the consensus L2. Are you still using your Madam
Mask card? Not as much as I as I would like
to. I I tried to to buy a fairly big
ticket item and it didn't didn't go through.
And after that I've been kind of shield away, but I need to give
it another go. I wish I had the physical.
If I had the physical card, I'd be using it more.
Oh. Hard to get?
Those are hard to get. I don't know.
Who I need to if you go to if you go to ECC, you can pick one
up. I'll I'll, I was talking to the
team yesterday because I I I'm finally applying for mine.
So I'll make sure that you get yours.
But anyways, in other news, James win big James win in the
market side and then we can go to the news man.
So this guy's portfolio is down to $12 million from 85 mil.
I just thought this look on Jane post about it, this crazy guys.
I mean, what do you guys make of this?
This is just do you guys think he was hedged on the sex or he's
just a bad trader? No, I think he was not hedged.
I, I get more and more of a feeling that this guy's, he's
got a bit of a nut loose and it worked.
On the upside, it can also work just like this.
You know, like. Yeah.
I it's just really bad risk management.
That's all I can say. Like, how can you be I I just
think it's kind of wild. Yeah, like I like everyone likes
like AD Gen., but like you do just sit there and go like.
Wow fuck, he still has a long on right now.
Oh my God. Fumble in in the in the case of
like 2 weeks there. He he has a long on right now
and. They might come.
That's right on the line, too. It's down. 2.3 mil yeah.
Fuck, I didn't believe he was hedged just because of the way
he was trading. Yeah.
It felt a little too maniacal and also just felt like a like a
DJ who just like had the had the phones.
I've interviewed a few traders like this right for radio.
Yeah. One that comes to mind is Alex
Weiss. Yeah.
Who very similarly had a run up like this and then a rundown
like that. I think other people,
Cryptocalio had something very similar to happen to him, right?
Like unbelievable run up and then kind of pissed it away
doing dumb stuff. And like, both of them have said
the same thing when we've interviewed them.
Like they got themselves into this character on the timeline
and they felt they had like that.
They felt they had to defend that.
And like, because they haven't, they became my main character.
And that meant they just, they just did the wrong things.
Alex Weiss said the same thing. He was like, I was too
interested in what other people thought about my trades and I
was about putting on the right trade.
And I think Kaleo probably said the same thing too.
And it's been about like. All the top traders we've been
to have had like big runs like this and the ones that have been
main character for a short time, they've all said this.
Zoran Cole was the other one right?
Like got himself to, had had a really good run and then kind of
like pissed it away doing dumb stuff and just took some time
out. Like it is the same every single
time one of these big pup traders becomes big and their
trade starts to become public. When that starts to happen and
it like becomes your personality and you are the person you
thought you have to tweet. Just just stop. 85 billion is I
mean, Weiss lost about 100 in, in the space of like, well, so
like, I think it's kind of similar.
But when we sold all the apes and we did the like that trade,
for example, me and Ovie said like we're not trading for a for
two months. And we said that to each other.
We were like, we will only put on bad trades if you if you make
stuff like if. You every time bro.
You put a spot on yourself and then you're like, everyone's
going to look at every single one of your next trays.
Just don't make a next tray always.
You don't need to do. My biggest losses are after big
wins. Yeah.
Biggest single losses are always after a big win.
Like I did a big Trump trade and I lost $1,000,000 the week
after. And you could have lost it.
All and I kind of and we did the math.
We did the math. I could have lost a few more
thankfully, you know, stop that loss, but but it's always after
a big trade that you think you're so good and I think games
he put it well. So games is another example
right And he talked about this too, is you're actually not that
good of a trader and and you think you're so good because you
just had a big trade and you feel so cool and your
testosterone's hitting. You know you're like fuck, I
just spent a few $1,000,000 in that trade and by the way, we're
talking in the 1,000,000. But it happens.
Let's say your book is like 5 figures and you make a multiple
6 figure trade. It's the same thing right.
And all of a sudden I've heard even people once this kid was
like, oh, I made like 50K on this coin.
I feel like I'm still going to lost it all.
Like so it's all levels. We're not just talking about you
have the Weiss and wind levels. Then you have Mando and Ovis and
Kaleo and KBM and Geezy's like that eight figure trade level.
Then you have some 7 figure trades.
It's every level of trade that you know, You then think that
you're so fucking good at this shit and the market humbles you
real quick. So yeah, lessons in there,
lessons in there, just maybe take it off.
It's good advice, I know it's hit me as well not not to the
scale. But it's hits you right, happens
to everyone. So so take take off after a big
trade and it's hard man though though it's hard to take off.
Because it's also in the market, so typically the frothiest,
right so. And you think that this is going
to be another leg up because it dips, but then it goes.
So it always does this right? You sell, it goes higher, you
chase and then it dumps and then you're like, fuck, you know.
And so and so that's how you always get clap and then dumps
for a long period of time and then you're cooked.
So anyways, James Wynn, hope you end up well, my brother and my
brother and faith or whatever. Not only we annoy you, but hope
everything's going to be fine on your end.
Tyler let's go to here board really NFT and crypto analysis.
Tyler T on FOMO our cause the kids can't.
It was a busy Monday taking a look at the top or Tuesday
rather take a look at the top of the board.
Bitcoin hanging out 108 K ETH is leading a touch 2640.
We had ton Telegram up 13%. They announced a a partnership
with XAI. They're going to have grok
integrated, I believe in Telegram and they're going to
earn referral fees off of that to some degree.
So that was a big announcement. We had a big news out of Swee in
the cedis protocol that was exploited last week.
They announced a full 100% recovery for affected users.
They're going to use their own cash on the hand in Treasuries
and they got a loan from the Swee Foundation to cover the
rest. Though it does require a vote to
pass. So we'd encourage folks who are
impacted by that to make sure you go out and vote on that.
It was a huge day of Bitcoin news.
Taking a look at the Bitcoin Vegas headlines.
We had Senator Loomis announced that that Bitcoin Act bill, the
one that would enable the US to buy 1,000,000 Bitcoin over five
years, that's going to hit Congress next week.
So that's going on before we had Trump's crypto exec director Bo
Hines call Bitcoin the golden standard and said the US will
never sell the Bitcoin it has. David Sax was talking with the
Winklevoss twins and said that if you want the US to buy
Bitcoin, convince Howard Lutnick, pointing to him and
heading up that sovereign wealth fund as perhaps the easiest
lever for the US to buy. And then Steak and Shake, they
said they're saving 50% in processing fees on Bitcoin
payments. So right there, you've got some
real utility and other headlines.
Cantor, the Lutnick business, their $2 billion Bitcoin lending
business has officially completed their first
transactions. So they're off to the races.
And I mentioned GameStop bought $512 million worth of Bitcoin
47110 Metamask. It's so ironic on the day that
consensus and Joe Lubin announced the big ETH Treasury
Metamask growing out, Solana support officially live and that
Metamask extension allowing sole token management along with sole
app integration. We had sole strategies file
prospectus allowing them to raise up to 1 billion in capital
to invest in the Solana ecosystem than Jack Dorsey's
Square testing out Bitcoin payments using the Lightning
Network. So a lot of big macro headlines
there. In token AirDrop and protocol
news, Kobe's Echo, they made a splash yesterday.
They announced this new Sonar project as effectively a new
launchpad for Icos. Also a bit of a direct
competitor with the Believe app. I saw some fallout across the
ecosystem. They also announced that Plasma
will launch an ICO at a $500 million FTV via Sonar.
So that first Sonar Sonar launch launch is coming.
We had Arbitrum launch their kind of rewards program 400,000
R, that's 160 grand spread across three months.
Camp network also announced Kaido campaign, right brands
announced its shipwreck sell will happen via an allow list
and an entertainment. So a little bit of A twist over
there. Let's see, rounding out AI
memes, crypto AI market held steady.
That Virgin token, the meme for that virtual's ecosystem was up
quite a bit on the day at 70%. That was a top mover.
Most memes broadly read the launch Co and eco fell about 15%
after that Sonar announcement. And then this trenches was the
top mover of the day on Solana. This Carl, this Carl character,
I think he's got a big following in the Solana trenches.
He's going to launch a stream. He launched A token tied to his
stream. It was the top volume token on
Solana around a 7 million or so up 8400% and then it takes bonds
keep keep moving those mega Ethan.
It TS the unofficial collection of 57% point .44.
I believe I saw this morning and then G Money sad sadly announced
AT90CC it's closing stores and seizing operations at the end of
back and it's a rundown. There's a lot there quick shout
out to G money obviously I think that's pretty sad news kind of
stocks for space you know someone trying to build a brand
outside of crypto. I think was to tell you that
building in fashion outside, it looks that's where he he
couldn't go right outside of crypto.
That just was too hard to crack out of that.
So it kind of sucks. I really like I really like my
MY90CC and the hats. You know that.
So I thought they really tried. I thought the most exciting and
best news out of all this was echo.
I was so quick to send that internally to locks.
I was like me should do something like that with myriad.
No, because we've been thinking about it and I've been saying
like, Yo, I still going to come back this cycle.
I still going to come back this cycle.
And but you know, you can't really just do it.
And now this is like this is making me want to try this out.
And I've talked about this on the show multiple times with you
guys, but but Tyler, tell me more about this Echo News.
Yeah, so Echo introduced Sonar. It is a new open source
platform. It allows founders to self host
public token sales and they don't really have to rely on any
centralized intermediaries. It basically will bring back the
early ethos from the ICO meta in 2017 and then providing tools to
enable to happen transparently and in a compliant way.
So some of their key features, so these are self hosted
founders will be able to conduct the token sales directly from
their own domains. They'll have full control over
the process. It's also very flexible, so they
support various models of token sales.
You can do auctions, you can do option swaps, you can have point
systems. There's a lot of customization
in how founders can roll out their tokens.
They also come with a compliance tool set, which is also
configurable. It does enable founders to set
up things like jurisdictional controls, you know, where the
countries where these may not be allowed to to operate and so
forth. And then it's also they operate
without mandating KYC. So there's a privacy preserving
element of all this as well. First project is already
announced as Plasma, which is a product supported tied to the
stable coin economy. They are launching.
I think they're raising at 500 million FTV, they're looking to
raise 50 million. Wow.
Token supply. So this is a pretty big one.
I think plasma has been making some waves as well.
So it'll be a lot of eyes on this.
But I think that the bigger picture 1000 foot view here is
there's been this buzz around Internet capital markets.
We had some fun with believe that, but didn't feel like that
was the full the the final product for the direction where
this was headed. Sonar feels like it's a little
bit more there, right? It's more buttoned up.
It's from a it's got Kobe tied in from the echo angle of this
and one of the most trusted folks in in the entire crypto
space. We got the compliance dialed in
on this. It it really feels like this is
going to open the door for for IC OS to to make a comeback.
IC O2 point O live in 2025. It feels like a big deal.
I think part of the fallout from the meme coin meta right that
we've experienced in the last few months is like we have fun
turning these shit coins. At the end of the day, I think
most people want to be buying projects with more substance.
Yeah, I mean, you've seen it, right?
There's a reason why people like the launch coin idea that they
want more. Exactly.
And now we have more opportunities to do this.
And it seems like Sonar is going to be perhaps the they've got
potential to be the leader. I mean, dude, I think I'm we, we
should be doing a token sale through through sonar.
I mean, we'd be stupid not to straight up.
I'm just going to say like that, Like I like as a founder and I
always on this show talk about as a founder also like from that
perspective, like what it's like, you tell me that I can, we
can now like sell tokens legally without forcing the person to
KYC and don't have to give up equity either.
Like there's a lot of wins here in that sense, you know, and
it's a good marketing plan as well.
And we'll see. Now the question is, how are
these people going to, how are these people going to react to
the market? Or are they going to be sellers
on the net sellers, net holders? We don't know that yet.
But you don't also have to sell like 20% of the tokens because
2% it's not 5%. Let's say you're, you're
launching at $100 million valuation on token, you can just
sell $2,000,000 worth 2% and that'll take you a long way as a
as a founder. And if $2,000,000 of sale
pressure on the market is not insane if you have the right
team and market makers etcetera in place.
So a good product is going to be $2,000,000 of buy, but to absorb
that sale, right? There's that component.
I think that's the upside that you gain from a grassroots
community that's going to, they feel like they're in on the, the
ground floor to a degree, right. So I think a part of the meme
Quimetta was also this like financial nihilism where and,
and that whole, the whole thesis there was that these protocols,
these infrastructure tokens, they were VCs got in early and
low valuations. And then the first chance that
crypto retail had was that artificially inflated valuations
and the VCs were dumping on them and they really had no chance to
participate in the upside. This model would in theory
enable you to have be able to participate in more of the
upside, get in earlier in the process and kind of grow along
with the protocol. And we, we've seen how big of a
difference that makes in price action like hyper Liquid, they,
they dropped to $3 and it's been up only since then.
And it now is has arguably the the single best token sentiment
out there right now. And like that's the type of
projection that you enable via ICO sales like this.
Yeah, it's the best. I mean ICO season is back maybe
so it'll it'll be good to see what what happens on on that
front. All right, well, what I still a
still a lot of stuff going on it.
Was let's see what else we got. We talked about a lot, most of
the the big headlines Bitcoin Vegas I think the the, the
interest. Yeah, Bitcoin Vegas, Yeah.
What's the give us the like for the people who are not there
like me and you? What's the what's the TLDR here?
I think Senator Loomis announcing that this Bitcoin Act
bill is going, Oh, my phone's blowing up.
Oh damn, I've got. A move that's coming here in
like 20 minutes. I have same in an hour 20.
But Senator Loomis announcing this Bitcoin Act bill is going
to be in front of Congress next week.
And this is the big one. So this is the one that would
effectively allow the US to buy 1,000,000 Bitcoin over five
years, which is 5% of the supply.
I don't think we have line of sight that that was coming to a
vote anytime soon. So it looks like it it will be I
think the timing, the timing of the Trump media 2 1/2 billion
dollar raise to buy Bitcoin and crypto news that just broke
yesterday might hurt the chances of that bill.
Because now it, it almost looks like Trump media is front
running the US government and and potentially buying up to 5%
of the Bitcoin supply. So I could see more pushback
because of that. But I mean, of course, that is a
that is a game changing bill if that were to approve with
respect to what would happen in price action.
So I think that it's going to be one of the most important items
to watch in the coming weeks. Thought it was also interesting
to hear David Sacks comments, which which perhaps telegraphs
how he thinks that bill might go.
He said if you want the US to buy Bitcoin, tell, tell Howard
Lutnick. And if you remember, Howard
Lutnick is in control of that sovereign wealth fund, which we
haven't really seen much out of yet, but it always made more
sense for me for the US to go the direction of buying Bitcoin
crypto via the sovereign wealth fund than just.
Oh. We've seen other sovereign do
that as well. OK, can you you're back.
Check, check, try again. One second.
Yeah, can you all hear me? Yeah, yeah.
Cool. OK.
Yeah. So we have to talk to Lutnick if
everybody, if you have lot Nick's phone number, give him a
ring, you have his at give him an AT all, right, We got to
tell. So it kind of looks like they're
headed towards that sovereign wealth fund like it's sounding
pretty bullish in that sense, right?
Like USA sovereign wealth fund is just as bullish in my opinion
as the USA strategic reserve, a big one.
It's the same thing, just different vehicles.
I think there's a lot of signals that the US will be buying
Bitcoin some capacity at some point, I would say in the next
couple of years. I don't know if it's going to be
this month like in the next month.
I don't know if it's going to be in Q2.
I don't know if it's going to be in 2025.
But their rhetoric, their language here rhetoric, it sure
makes it seem like it is coming at at some point and they're
kind of beating us over the head with at this point.
So it's, it's something that you will look back and it will be so
obvious. So make sure that your positions
for for the scenario where that happens, I think would be would
be my advice. I mean other like on another
day, what might have been the biggest news was, was Metamask.
Dude. Rolling out Solana finally.
Yep, I was, I was, I commented this on Dudas tweet.
He put the announcement and wrote 2025 and I was like, I
always get biased because I love that team over at consensus and
the whole Metamask crew. But better late than never.
And and when it comes to wallets, something's very
important security and technology.
And I've had this conversation with a lot of people.
Whoa sounds a lot, but Metamask has are going to be some of the
best tech when it comes to the to wallets.
So it's it's good to see the mentor Solana with the Vipers
on. What does that tell you about
mog here? Cultural, you know the cultural,
you know sign. So it's.
Big. I mean Metamask has millions of
users. I don't have the data in front
of me. I would I would guess they have
substantially more than Phantom. Oh yeah, for sure.
How many users does Metamask? Let's ask.
Open open AI here. See what ChatGPT says.
Searching the web. I mean, it's a tough metric.
It's like 30 million plus. No, yeah.
Oh, there you. Go wow 30 million monthly.
Access as of Jan 2024. Wow.
And then how many users does phantom wallet?
Wow, 30 million more people will have access to Metamask to to
Solano, which is really good. Wow yeah, it is big news.
I I thought that was good news and big news.
I mean all all that sort of stuff is good.
And so I'm excited to see what they've got rolling next.
I think if they're going after the salon market, they're like,
OK, 15 mil Mau as of late 2024. So it's about two X.
So we'll see what happens in that sense because a lot of
people didn't swap over, right. A lot of people are very loyal
to their wallets and stuff. So we'll see what happens.
So that was also big news. And I mean, look, Tyler, if I
know you got some of you got a busy day ahead.
So if we can go to the giveaway, unless you got anything else to
cover here. Yeah, I mean that that was
mostly it a little action on these those bad buns.
My, my NFT, I'm pumping the back here.
But they they're they're grinding up those the Pokémon
ones also hit 28 yesterday. They they've pulled back since
then. But we NFT is showing some signs
live out there. It's fun.
Absolutely love to see that, you know, that'll always be my
favorite thing to see and if these are so much more fun than
than meme coins, etcetera. So absolutely love to see that.
So shout out to them. Those buns are what, .44 or
something? .43 looks like right now, so
we'll we'll take that. Some nice punk tails today too.
Back-to-back 3D glasses just. Now and I have to say I've, I've
come across bearish on the virtual eco system on the show.
I think that's a fair statement. I think a lot of our listeners
have pointed that out. I slammed my fist on the desk
this morning. I saw that Virgin.
So Virgin was the token that Vader launched last week.
It's like the the virtual's ecosystem new meme.
I saw it 2.4 million. Like I know this is a buy.
I didn't buy it and it's 10X. Whoa.
It was an easy like it was viable at at 2 to 3,000,000 on
the first day. Where is it?
That's not it, that's the wrong one.
Sorry y'all, it's this one, yeah?
Oh wow, so it's it's pulled back a.
Bit oh, you had plenty of time to buy it.
Was very, it was very public. It was out there day one like
all the whole virtuals crew was talking about it.
I mean, I guess it it did go sideways.
For it's five days to buy it you.
Had to you had to hold through the consolidation, but this was
this was one that was obvious and it was a a painful mess.
Virtuos is doing good, man. Like this ecosystem is thriving
right now, you know, So that's the wrong one.
Sorry, but Virtuos is that ecosystem is doing extremely
good and you'd love to see that, right?
Wow. This is surprising to me that
it's come. I guess it's the fastest horse
in AI off the bottom back to 2.5.
I mean 2.5 yesterday. It's sold off a touch since
then. Strong.
Yeah. And I I wouldn't fade at
continuing to to grind up. Yeah, yeah, that's really cool.
So love to do that and and it's good for the ecos.
So yes, there's a lot of cooks, a lot of things.
Let's see where this dip goes. Tyler.
I think it's going to be sharp and quick.
I think our favorite before we go off, Bob Lucas tweeted during
the show. Tyler, I know you and I are big
fans. We should welcome a healthy
little Bitcoin pull back to complete the 1st 60 day cycle.
They aid in refueling A sustainable bull trend.
So right online with what he's been saying.
So he's also in the one O 4. See everybody's top range, like
the range that I've been telling you about, we're talking about
on the show. It's not my range.
It's the range I saw online, but you know the range so it's here.
OK, so he thinks we're going to wait a little bit before we get
the break out to 120. So he thinks 120 is like.
He's he's got June here. OK, he's got June, but that's
like, I mean, just two days left in May.
So that's what he's got. So just be patient everyone hold
on to your pants and and great things shall come anyways.