Good morning. Good morning, everyone, GMGM and
welcome to another episode of FOMO Power Day.
Today is Friday, June 20, 2025. Folks, coins, they're they're
green this morning. We haven't seen that color in a
little while. Crypto stocks are booming, too.
Now we're wondering, are we going to get a little weekend
pump here? Are we going to continue the
endless summer chop? We're going to break it all down
on today's show. No for Oak, he's out sick today,
but Mando's in the house. And maybe another special guest
joining us shortly. Mando GM, how you doing?
I'm doing great, man. I'm doing great.
Yeah, a little bit of a pump, not even a pump.
It's like a 1% move and everyone's losing their mind.
But it definitely doesn't feel that bad today and probably the
first weekend in a couple of weekends right where it feels a
little bit more chill going into the weekend.
It does. I think we, we had, we got the
comments from Trump, right. They may not make a decision for
a couple weeks. Feels like this kind of push
things off. So things are probably just
going to continue as is. So we'll we'll see if that holds
up. Perhaps there's always maybe
just a way for him to take some of his cards off the table as
well. So I've heard that theory.
So we'll we'll certainly see. It is a nice morning for
Indianapolis Patriots fans. Big win last night, Game 6.
So we are going to game seven of the NBA Finals in Oklahoma City
on Sunday night. So that is going to be a big
one. It's been a fun series, I think
for NBA fans, broadly huge for this Indianapolis, Oklahoma City
as well. So that's going to be a big one.
We will be watching that closely on Sunday night, folks.
What are we talking about this morning?
On today's show, we're going to start with Mando's market
report. We got Bitcoin strong memes week
got some news right before the show.
It looks like the pump token was going to be next week and now
it's been delayed to mid-july. So perhaps that's driving some
of the weakness. We've got circle stock pumping
more. This thing just does not stop.
And are there some beta plays out there that we need to watch?
Plasma announcing its main net launch for late summer.
We've got the Trump family selling off a huge chunk of
their world Liberty five thought that was somewhat notable.
Tether responding to the password hack saying they might
have a solution for all that. Jupiter abandoning their Dow
model and wrecked selling out day one, 7-11 at the LA party.
You absolutely love to see it. So shout out to OV and team.
And also folks, it is far coin Friday.
You know what that means coin race at the end of the show.
You want to stay tuned and make sure you are eligible to get in
the drawing for that game. Feeling good about our giveaway
before we dive in, shout outs to our partners.
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Also got a little news out of Kraken yesterday, they launched
Bitcoin sticking with Babylon, offering 1% yield.
So I thought that was interesting as well.
Well, that's our intro, Mando, if you're ready.
Let's just get into it. Yeah, who?
Is the man Macro daddy of the land Mando?
Can you dig it? GM everyone.
So a little bit of a better day. We're back up to around 106 K on
Bitcoin E at 2:00 550. Solana just shot 150, so about 1
to 2%. It feels like a lot of old coins
have been bleeding over the last few days.
Most of them have bounced today. It's not like the the biggest
bounce I've ever seen, but it's stopped the red.
I would say interestingly, the one that has drifted lower has
been hyper liquid. I don't think that that's why I
think it's, you know, that was one that really led the market
for a long, long time. And now it's pretty in like 4
red days. And, and, and I wouldn't say
that's precarious. I just think that it's a focus.
It's just something to pay attention to.
A lot of people were looking to buy dips and hybrid equid,
right? I, I think the obvious levels of
support there would be the previous all time high, which
was around 30-4 ish. Am I right in saying Tyler?
Yeah. So yeah, 35 so I think you're
probably in a sort of level where you know, not a bad time
if you missed hyper liquid to finally get in you that that
line up was pretty difficult to buy.
Now it feels like you've got a chance again, so worth paying
attention to that one. But the rest of the L1's each
continues to slightly outperform, I would say,
although looks like we're going lower in the last few minutes
across the board. Actually just looking at it now
anyway, it does feel as though we've we're having a better day,
not the best day, you know. And it was a bit of a short
squeeze, I would say this morning.
So we saw we saw a number of like the coins which are heavily
shorted lead the rally. Things like say, for example,
has had a decent move, decent movies like Bitcoin Cash coins,
which we're not dead, but like they're just not coins that
people necessarily are that bullish on.
And those are like, so that's what it felt more like.
It felt like just a wipe out of some of the positioning rather
than like, Oh my God, it's such a great, great, a great 24 hours
of news. What we did see in, in Iran
versus the US, so or in Israel is that you've seen the foreign
minister of Iran is going to be meeting the foreign minister of,
of the three major European powers in the UK, Germany and
France. And there is some form of a, a
hope that that could lead to a, a path for future talks with the
US. But who knows?
It does feel as though that that still feels quite far off.
And there were, again, there were some commit concessions
there that, you know, that could lead, that could be around
uranium enrichment, which has kind of been the crux of the
issues so far. I still don't really know where
it leads. It feels like they're both
continuing to to bomb each other and Israel continues to attack
nuclear sites. So this is going to have to be a
pretty good deal, I think for for this to actually go through
as in I think Iran would have to give up a lot of concessions
given given the position they're in.
But let's let's see, I think over the weekend we will we
won't hear any sort of resolution other than that.
Like I don't, I doubt there'll be strikes this weekend, but
maybe there will be like as in I don't think they'll, they'd
strike four down this weekend, but we'll see.
I think we've got a very brief window here for potential
diplomacy and over the next few days we'll we'll know the
difference Poly market I was looking at this morning if
anything significantly changes, but you have a 45% chance now of
strikes before the end of July. So it does feel as though it's
gone down since about 60% yesterday, but it's still
relatively elevated. I wouldn't say it's, it's still
kind of like a 5050 shot here. There's something's going to
happen. So that headline yesterday was
taken broadly, more positively. My view is what I put out
yesterday, like it was really that it's like everyone is
positioned, it feels like or, or more position now for that one
headline. And now it feels like that
headline could be no, it could, it could be a week or more away.
And who even knows what the headline is at this stage.
So maybe the diplomacy bit does work, maybe it doesn't.
It's, I don't really know what I think US intervention would
probably cause the market to sell off.
If there's a strike in Khomeini. I don't know if that causes the
market to sell off. Like it's just, it's just
difficult to know. But how this one plays out from
here, So I'm continuing to be thinking that the risk reward
is, is higher. I, I still like eats, as I've
been saying the whole time, it's kind of hang out in this range
pretty much hasn't really gone lower than than previous lows.
And I think that's the one that I'd I'd buy on any dips.
The ETF inflows continue to be very, very strong, just kind of
continue. I don't think we've had a
negative day for many, many weeks now.
So I think it's setting itself up for the staking ETFs and and
a couple of other positive headlines later this month.
So that's been the main, the main driver.
And then Bitcoin just looks like it's similarly just like not
really moving, just kind of stuck in that in that sort of
range. It's the one that's the ones
that seem weak right now are are hype and I guess Suey, maybe
Suey looks a little bit weak as a coin soul Soul has been weak,
but it's kind of calm down a bit.
I would say just kind of hung out at this level for for for a
bit now. So it doesn't feel like that's
necessarily the one that's hitting lower lows here, whereas
some of the other some of the other L ones are.
So pay attention to some of the other L ones.
I I do think they look a little bit a little bit precarious.
Away from that. The main story is circle.
Obviously now a lot of the focus is on these public listed
companies. As it was going live, it looked
like, sorry, a few hours before mark the market opened, it
looked like it was up another 20% then it was only up another
5% before the market opened. I don't know where it is now.
It's still going to be a volatile one.
It's lower now. No, it's higher.
It's higher, so it's up 14%, but this, this one is going to be
moving around a lot. Obviously the genius act is the
main driver it seems like. And also the fact that people
are short very clearly, I wouldn't want to get in the in
the way of crypto people trying to drive up the short interest
in the stock. It's weird.
They become this like almost not a meme stock, but I think they
like that people are short it and they don't care.
So let's let's see this where this one ends.
I know Jeeps who might be coming on has been has been short that
one. I think this is the dangerous
trade. It's a dangerous trade to be
short anything which crypto people decide to get behind.
We saw some bigger headlines around stable coins again
revolutes considering doing a stable coin and Visa.
I think it was expanding their stable coin offerings and it
generally feels like stable coins and treasury companies are
the big thing. The other one was that Trump has
reduced its, the Trump family at least has reduced its world
liberty financial stake to 40%, which is kind of a masterful
stroke, I think by them. But they've, yeah, they've
managed to get out of that. And yeah, I guess that's it.
Not, not, not a lot else. This is it's just Iran and the
same sort of stuff that we've been seeing within crypto.
It feels pretty quiet. We just had a bit of a short
squeeze. Everyone was saying that this
morning in Europe when when Bitcoin went up 106 K, this
classic short squeeze rather than anything actually happened.
There was no headline and that's kind of what I agreed to.
Just feels like people with no headlines coming out that that
know like, Oh my God, the world's going to head into World
War three. You can quite easily squeeze
some of these shorts. So that's.
What I think, yeah, I mean is your read maybe this is a
leading question. Are we just going to chop in
this zone until there's some some level of resolution between
Israel and Iran? Like do you see us really moving
significantly, like breaking the 100110K range?
No, no, no, definitely not. I don't think we're going higher
than 110K before before this gets resolved for sure.
And it's difficult to work out now what the resolution will be.
Let's go through the possible options.
So the possible options is a some form of diplomatic solution
of which I could only imagine given the position of both Trump
and the Israelis. It would have to mean like
complete destruction of the enriched uranium that's been
created and pretty odd concessions on future
development of nuclear technology.
That feels to me like a deal that could take a while to get
done. I don't know, but it feels to me
like it could. The other one is US
intervention, which I think would be pretty swift, but would
probably lead to a pretty negative reaction in markets I
reckon just because of the immediate blowback that would be
considered. I think if US were to intervene,
it would probably be in and out, facilities taken out.
Now we stop all aggression basically.
And then the third one is nothing really happens, but the
Israelis then go for for both the sites and Khamenei.
And that feels like a more drawn out process as well, in my
opinion. And, and and that could take
many weeks. So of all of those, it feels
like we could be in the shop for a while here.
I would not buy, although I don't think should being short
necessarily is the right trade. I don't know when it it it turns
basically. Yeah, I think I'm with you.
I I've changed my posture. I thought at first it was going
to be a quick, a quick resolution.
And it doesn't really seem that way.
I feel like if the US had not perhaps telegraphed its move and
it moved in swifter, I think maybe it could have ended
sooner. But now there's been more time.
There's been more time for like Russia and China to come out and
make statements against it, right?
So now there's it feels like there's more implications if the
US is to make a move then perhaps it felt three days ago,
which I think is what's weighing on, which is why these odds are
done, just to put it bluntly. Yeah, for sure.
So at the same time, I think the odds, what I would say is that
Trump is can be pretty unpredictable.
So what we think might be happening, he's not your classic
politician. Yes, it's doing it with many
partitions. You can see where you can see
where the train is headed for many weeks before we get to the
station. This is the sort of situation
where he may have already decided to do that, to do the
strike and and we're now like, it's more like a lull just to
build consensus around it. So I just don't know with him.
And I think that's kind of his political policy as well.
So we could see something over the weekend, who knows, like
genuinely who knows. But for now, I think the status
quo is this is going to be left for kind of is run around to
fight out themselves or the US support will be obviously for
Israel and and there's a window here for diplomatic, A
diplomatic solution, but that could change at the drop of a
hat. Yeah, I think that's my base
case. I do feel like the quickest
resolution is likely the diplomacy route, but it's
unclear to me exactly what that looks like and what the outcome
is. And if we get a deal, is it just
going to be one of those things that just kicks this can down
the road another six months, 12 months, two years, so that we're
we're still kind of worried about this escalating again in
the future. So I think that's, that's where
my concern level is pulling it back to the crypto trade here a
bit. I think what jumps out to me
looking at the Bitcoin and E charts is like there, there are
pretty clear levels of support, right?
So like Bitcoin really hasn't dropped below this 104-1036
level in the last month. And similarly to ETH, I don't
spend as much time on the ETH chart, but it's got a pretty
strong floor basically at what 2470?
So there there's beds coming in. We're keeping it here.
It does make me feel good that when we do get resolution I
think the the resolution path is is up.
Yeah, particularly for Bitcoin and Bitcoin and ether have held
a pretty decent floor throughout all of this.
I would be, which has been a very good sign, I think, I think
for a lot of the other things that hasn't happened and and
that's why Bitcoin dollars is is looking higher and a lot of old
coins have been smashed. So but I, I, I wouldn't get
ahead of like freaking out over something like this at this
stage at least looking at crypto charts, they look pretty well
supported at the moment. Well, I want to talk about maybe
like this Solana and the meme trade here a bit.
So if our coins actively dipping down 28% of the month, it's down
96. Wow, OK, I didn't see it move
again lower today. So, and this chart looks
significantly different than that the Bitcoin E charts that
we were just showing on the month, it looks more like the
salon chart. And I'm wondering, yeah, it
looks it looks a lot more like that salon chart.
Is it tied to this pump? Fun news so.
That's the first thing I thought straight away.
We. Just found out I didn't realize
that the token was supposed to be next Wednesday.
That's what Wu blocked me saying pump fund token was supposed to
be June 25th and now it's delayed till mid-july but.
There's enough VCs involved in this, so I think they've
probably got pretty good dates. Like, I think it probably was
meant to come next week and now it's meant to come in July.
That that feels like a complete dump from another VC that has
just sent it to them and they're like, hey, this is the news.
So. Yeah, and it feels like people
are just waiting. Looks like the the sole meme
trenches have been pretty brutal.
And we, we had one runner in the past couple days that this Gore
Gorba Gorbachana and, and we'll get in that perhaps in a second,
but pretty much everything else. It's just been selling off
basically every day with no real new movement at all.
And there's always a handful but but nothing significant.
And now it makes me wonder, are we just going to is this just
going to continue till after this pump token in mid-july?
So the the meme traders are in for another few weeks at all
here. I think that's my my best case.
Even if it's not the driver is the driver of the narrative.
So like, do you really want to buy?
Even if I just feel like it's it's self fulfilling to a
certain extent at this stage, right?
I don't think that the the trenches are necessarily the
people who are going to cough up the money here for the Pomfanto
does feel very BC backed or than trench backed.
But the narrative is there because as soon as the headline
came out, all the talk points dumped.
So like now it's like, well, this is the reason driving them
lower. Yeah, it's probably.
A really good long coming up for Farpoint and a couple of these
Solana meme coins. Probably a really good long
coming up. I agree, when is that going to
happen? It might not be till mid-july
now so we'll see. But also so that's the meme
narrative. It could very well be narrative
following price action right? But I mean, hype is similar to a
degree, like I mean, it is lagging Bitcoin E fairly
substantially. I mean, not not massively, but
let's take a look at the month chart on hype.
I mean, I, I told you I sold my hype at at 39 or 38 where it was
when I missed the last move up to 44 because I felt like it was
getting listed. And part of the things I really
liked about hype was that it was like difficult to own and all
this sort of stuff. And then now it's been listed to
all all these exchanges. But part of me thinks that like
if I was a conspiracy theorist, I think finance listed this
thing for perps as did as did Coinbase.
Like maybe they're like, well, let's just fuck with these guys,
you know? I mean that that not even that
tinfoil a hat of a reason to consider, right, like, hey,
we're going to get this thing listed and and there's a lot of
levered lungs on hype, right, But they're generally on hyper
liquid. I think they were being held
before, right? And now suddenly the major
exchanges this type and it drops and it it just looks a little
bit shaky. So I don't think, I don't think
it's that crazy to think that that could be part of it.
But I also think it's been a crazy run up and there's a few
things that have happened, right?
A lot of rumours, there's rumours that many of the
centralized exchanges are essentially trying to build
competitors now to it. You've had Coinbase get a
listing and it's just not that lower market cap anymore.
Like it's a, it's not a massive current market cap, but if you
actually look at the tokenomics of hype, everyone starts getting
unlocked, including the core contributors, IE the guys have
been chilling it since the start in the autumn, I think it's
September. So like this whole like, well,
focus on 12 billion. Well, you can, but then, but
then there is, there is also at the same time 36 billion and or
at that time 44 billion. And it really depends what they
decide to do with the, the unlock type.
So that's my $0.02. Yeah, I think that's something
to be aware of. I feel like on the days that it
pumps, everyone just constantly talks about the the revenue that
it brings in and these buybacks, it's down the last four days.
It's not like revenues down, revenues in line.
I mean, it's, it looks like it's broadly trending up.
So it does like perhaps some some other games are being
played. It's just interesting to me like
that that narrative isn't touted on the timeline on days when
it's red versus days when it's green, That's just RCT.
We spoke about this like if you're in consensus trades, even
consensus good trades, you have to appreciate that sometimes
they just they can be technically terrible and then
when the market turns, they can absolutely roof, right?
Like we spoke about what, what were the most consensus trades
on the timeline and hype and Farcorn came up as both of
those. And I think most people are
bullish on both of those coins. But you have to appreciate that
sometimes like this can happen and it can go down to 30.
And no, like it's, it's just purely a, it's a consensus
trade. So just like know that those
sort of periods can happen. Might I might swoop on at 30.
If it gets to 30 I might get back into the game.
Yeah, I think at 30 you'll see people being like you idiots
bought high, bam, that's when you buy.
You know, I made that mistake once before when it you know
what we thought Binance was were moments away from taking down an
exchange. I continue to think that any
scenario in the past I would have, I would have been like,
this is a really dangerous scenario because they were
inches from a very, very worrying situation.
But if it's just generic FUD, which you see on fart coin as
well, you know, yeah, we need to.
Yeah, there's nothing really driving, nothing's really
changed. And in fact, the IT looks
strong, perhaps as strong as it ever has.
So we'll continue to track that and hope Jeeves was going to
join us. He he might not.
So I think we got to dig into this circle train a bit.
So just to refresh, this thing's hanging out at 2:28.
It's up another 15% on the day. That puts it at $53 billion
market cap. Now let's see what's the five
day look like. This thing was at 105 last week.
This was up over 100% on the week.
If you look at just a couple comparisons out there.
So the the market cap FTV of USDC, their stable coins at 61
billion. Circle stock is at 53.
Who just said that Coinbase stock 77 billion.
It does seem like coin has been perhaps pumping aligned somewhat
along with Circle. That's my RE.
Perhaps it's also a beneficiary of the genius Act passing.
But it does feel somewhat notable to me how much Coinbase
has outperformed crypto majors because a lot of times they'll
trade somewhat in line and that's not what's happening here
for for Coinbase stock. I also thought it was somewhat
notable tweet this morning that Visa stock is down about 10%
from its local high in the last 8 to 10 days, which is about 60
billion, which is effectively the market cap of circle.
So Visa lost a circle in market cap, perhaps showing how the
winds winds might be be changing.
I've been publicly bearish on this stock since it IPO.
I I thought it was overvalued at 7 billion.
Now it's 7 1/2 times higher than that.
I think I was just thinking about it wrong.
So this tweet from Darren, who I, who I respect a lot, I think
he's a very sharp trader, kind of opened my eyes and I've heard
a few people talking about this. I haven't seen it super
publicly, but he he's basically saying stop thinking about it
from price to earnings, start thinking about what it can
become, the market share, net asset value of how big this can
be. And is there a way for them to
pursue some kind of a, a treasury company for stablecoin
model here? It feels to me like this thesis
is what's driving this, unless it's just a pure meme stocks
short squeeze, right? Like the the people who are
bulls at $228.00 and they're buying this stock today.
Like this has to be their bull case, right?
Like how else can you justify buying in here?
But at the same time, if that is your bull case, I see it, I see
the potential and the upside is big when you've got best coming
out and calling for stable coins to 3.7 trillion USDC, clearly a
leader. There's a lot of competition
coming, but they are ahead of the competition so.
I think I had is just a is is a temporary is a temporary word.
I I don't know how to put it into.
I mean, and, and not to like completely say that this is
wrong, but my view is that people are buying circle right
now because it's going high. They wake up each day and it's
up 10% and they're like, I need to buy it.
I need to buy it and it's got that.
It is got a pump fun chart for this is this is what's going to
happen if crypt all the people that have been degenning on on
altcoins and meme coins for the last two years have been told
now we got to get into stocks. And so you're going to get a lot
of this, I think with crypto stocks.
This is the narrative, but it's, it could also have been true of
the narrative like at 1/4 of the price in my opinion.
So and just to put the scale like JP, JP Morgan AUM as a
bank, JP Morgan has $3.7 trillion of assets, right?
I don't know how much of that is in cash, but I'm sure it has a
hundreds of billions of dollars of cash.
They could eclipse circles AUM of a stable coin in a day in a
day like circle is not it is a big stable coin, but it's it's
with if if some all these financial institutions decide to
create a stable coin like they can really get it going.
So I think this is a, this is, they appeared at the right time
before the major competition comes in and now you're going to
see major competition. And I think, I think people
aren't buying based on valuation.
I think they're buying because they're crypto guys.
They're crypto people who've come in and gone like, yeah,
this, this is the stock. So I, I would be on Jeeves side
side here. Not that it can't go higher, but
I wouldn't be convincing myself there's a fundamental story
about why they should go to like 1000 or something like that or
or even Goasis there. Yeah, I don't think there's a
fundamental story, but there is a opium.
There's a hoax. There is a path forward.
There's a memetic path forward. I'm not clicking the buttons to
go short. That is, that is a fact.
I think the other interesting take I saw on this was out of
Tom Lee, who basically points to Ethereum as the big winner.
And this is this is somewhat popular.
I've seen other people saying this, yeah, effectively as
stable coins rise. And this is actually bigger than
Circle because even Circle competitors here, if they're on
Ethereum, this would drive up ETH network fees, exponential
growth, exponential growth in the Ethereum network usage,
saying it's a direct beneficiary.
So would so would Solana, though, you you could just say
this is this benefits the major L once I think actually there's
more stable coin volume potentially on salon.
I don't know if that's still the case.
It definitely was a couple months ago.
Yeah, could make the same argument with Salatron.
I mean, I mean, maybe not Tron because Tron is mainly USDT,
it's Tether. But but for for circle, this is
more of a trade around that. And maybe that is why we're
seeing a drive into E. You know, I'm very bullish on
each genuinely. Like I do think that the normies
can get behind this trade way more than they have in the past
and I think it will go to 4K by the end of the summer.
So I've got, I've got an eighth beta trade for you and guess
what, it's a stock. Oh boy, it's.
A stock that's 70, that's 80% off all time high, so sharp
point. That's a good trade, probably a
good trade here, a lot of fun. But I would say though that
there are sellers of that stock, you know, like it's it doesn't
feel as closely held as some of these other ones that we have
the D5 development Corp guys on right like that.
That stock feels way more tightly held than this so.
Yeah, maybe that's bad E*Trade and I've been thinking about
today actually, I think it's one to DCA into.
I don't know if today's going to be the bottom, there's going to
be cell pressure. What's interesting to me, market
cap 650 million, they've got 425,000,000 worth of ETH right
now. They've said that they want to
buy more and you've got ETH upside.
I don't know, it's trading in a fraction of a billion right now.
And if they really want to be the MicroStrategy of Ethereum,
there's, there's upside. I think the ROI is potentially
there like it is a riskier trade for sure.
That's what they deserve. What I would say is that like if
this catches the same sort of meme, like we just sort of
circle like a bit more like, Oh yeah, this is the trade.
People will look at the last all time high and be like, yeah,
this is the trade, right? Doesn't matter about the
vibration like this is straight. So.
Maybe do you know what, Tyler? Maybe that is the trade.
I've I've traditionally felt
like buying L1 beaters is is always a dangerous trade, but
maybe this is the one that works.
You heard it here first, folks. Live on the FOMO hour Far Coin
Fridays. So I will also be taking a look
at this one very, very closely. We got about we covered the main
topics quickly. I'll I'll touch on this meme
coins. This is a wild story.
We haven't really seen a meme runner like this, which which
actually is kind of organic quite some time.
This Gorbagana token has run to $40 million.
There's a bit of lore on this. Let me see if I can find the
tweet quickly while I'm talking. You think you?
Think the toli right or. Toli and Gabe Shapiro were
basically having an argument about how the importance of
trademarks in block chains. And Gabe Shapiro, who is an ETH
Maxi was basically saying that you could fork Solana, name it
something ridiculous like Gorbagana.
And you know, a, a certain cohort would start trading over
there and effectively there's, there's a world where it could
flip Solana. And they're going back and
forth. Totally says, well, I can't
believe no one's launched A Golbagana meme coin yet.
Someone launches that. There's a little bit of a PvP
and then the narrative shifts to like, OK, we're going to
Crowdsource actually building out this fork.
And Gabriel Shapiro helped do that.
They raised like $23,000 the token pumped.
And then this is where the thing it's it's it's wild.
Yeah. So this is where it gives
Shapiro crowd of funds the cash. This dev appears, the dev's
going to do it. Then he says, no, I'm going to
use this other meme coin, the other gore as the gas token.
So this Gorebagana sells off, the other one pumps. 5 minutes
later he rugs up and and disappears and and exits out of
his Twitter the this rogue dev and then just abandons that
project. Is there is there more of a
story that speaks about the trenches than what you just told
me? Is there?
Like I don't think it could have been any more the Solara
trenches story. So good meme, good potential for
a meme. PvP on the way up then even
raises money for what they're going to do, and then dev
decides to semi rug, then fully rug and now we're left with a
point at 30 million. Steve will tell you.
Steve will say why people don't create in the trenches anymore.
This is why we're buying stocks folks.
We're forced to buy stocks because rogue devs are rugging
the coins on a daily basis like. It's actually there was a decent
chance there for something, something good, right?
Yeah. Oh, I don't know, it's just it's
just so funny, these sort of things.
I love how there was a PvP just like APV fucking P.
Just choose one guys. Oh, there's a the ETH coins been
created. Of course there has, of course
there's an ETH one, which which makes zero sense they would make
one on ETH. But alas, we, we kind of went
around the story that the only thing that was somewhat notable
out of the, the Trump selling off 20% stake.
I looked into that, that World Liberty Phi token, I'm going to
say if I, I thought I had it up here, it's turning at 940
million on pre market and it's and on decent volume.
So it's doing about $5 million of volume a day.
So we do have an early evaluation for World Liberty Phi
and that is a token that feels like it could very well catch a
memetic bid into this stablecoin crypto craze because they've got
a stablecoin USD one. That's why it was actually a
little surprising to me that the the Trump family took it off,
took 20% off. I guess they're they're still
huge owners in this. And maybe the cash was too good.
I think Forbes reported they had a chance to make something like
150 million, a 190 million on this.
Yeah, I'm not seeing it here, but that surprised me a little
bit. I think there's also the
potential narrative like, oh, they're distancing themselves
amidst like the the Dems pushed back.
I'm not really sure that I'm buying that as the reason here,
especially if they announce any more crypto dealings in the next
month. So we'll certainly see.
But that World Liberty 5 is going to be a token to watch in
the near future since I think we went around the horn.
Yes Friday. I don't know if I gave out the
code. The code was pump.
It was pump. I have put, I have should put it
in thingy chat, but we'll give people just a couple of minutes
because I don't think we did call it out.
So we'll bring it up and people can do it.
Well, here's why we wait. Are we going to choose anyone in
the audience, or should we choose people from the top as
well? Just for today, we're just going
by the standard picker and then me and Ty are going to work over
what we've discussed and see where we work from there.
So we'll just go standard away. Enter the code ETA boards.com
code is pump. Here's the using the formal hour
code. You want to just cover this
topic real quick, Tyler, while we let more people?
Come into, we'll go to another minute or two to join.
Real quick shout out to OSF, you love to see it.
Wrecked sells out their drinks at the 711 event live in LA
yesterday. It looks like it was a fun
party. Successful event he is got his
hands full. So are they doing events like
this? Amanda, do you know today and
tomorrow or are those more just focused on just in store
launches? You know, I, I, I just don't
even know like I, I think, I think this is the biggest
distributor that they have, but this is in California.
And I, I think if it's successful in California, then
it obviously 711 is a, is a global brand.
So we'll see where it goes. It goes from there, but it feels
like the first event was a big success and then potentially it
goes from there. I know they've obviously we've
launched like the site as well. So you can order now directly at
any time. So obviously it's been more of a
drop model, but if you ever run out, you can just go buy some
now as well, so. Oh, I must have missed that
announcement there. There's a website.
Yeah, yeah, as far as I'm aware. All right, well, I'm going to do
my do my research because I have not, I'm not seen that.
Yeah. I mean, the, the, the majority
of them have been sold by these drops, yeah.
It's awesome. Well wish you'll be at best to
learn things in a light tour. They may have all sold out
again. I'm going to the site now and it
says all sold out. So maybe maybe they did launch
that and they all, but that's kind of the yeah, sold out
again. Subscribe to the next drop.
I think, I think maybe we'll see more coming, which is I like the
blue ones, the blue ones. Me too, I just I popped mine in
the fridge yesterday so I'm excited to get my first real
taste test today. Oh nice.
All right, so spin this and then I just need to make sure that
the person hasn't won within a month.
So let's give it a go. Let's do it.
Incredible handle. I'm not sure I've seen that.
Is KBM coming up on stage? The kick is, is Pollock in kick
chat. That kick is Pollock KBM son
Pollock. Are they in a kick chat?
They can they want to chat. They can chat and they can claim
it. I think they don't have their
Twitter, but if they want to claim it inside chat on the kick
chat, they can do Pollock. There he is there he is Pollock.
Pollock, can you come on the space?
Is it possible or do we just Of course I'm here, of course I'm
here. I guess you could always just
tell us in the chat what coin he wants.
Yeah, you can. I can actually bring up his his
if you don't want to come on the space, we can always bring him
up on the on the chat that we have on here now because it does
work. So let me let me pop that up
comments. Give me a SEC, OK?
And while that's happening, I can get the other game ready to
go. So folks, this is it's Fart Coin
Fridays where we play Coin Race and our lucky winner Will.
Be able to. Yeah, so, so Paul, tell us a
coin you want you're going to get.
So you banked $500, you've already won 500, you're going to
get 250 on fart coin and you're going to get 250 on a coin of
your choice, either Bitcoin, ETH, Seoul or DOGE.
And they each have higher odds as you go further out.
So let us know what you want your coin or he says Solana in
Bitcoin you only got to pick 1 you.
Got to pick one. It has to be fat coin plus one.
So pick Pixel or Bitcoin for us. So is he the only winner of
bringing up two more? No, only one today because we've
done 5 through the week. OK.
Cool BTC, he's going the barbell.
The far coin Bitcoin barbell. You love this.
I like that. I like that.
So this you're not in this one, you'll be in the next race.
It's cranky. Was a good boys.
Oh yeah. Come on.
Love the four coins. Bitcoin.
Wins this one. It's hot.
Eat it already. 250 fart, 250 Bitcoin.
All right, we're in. Come on.
We got 321. Come on, Paula.
That was exhilarating. You still think 500 bucks the
team will coordinate with you right after the show.
Man, we haven't had a win on coin rates for a while, have we?
We have. We have multiple people up.
We've got to have it so that everyone chooses a coin and then
we can always have a winner. Yeah, I like that.
We we choose Falk coin, although it's Falk coin Fridays.
Falk coin, you know, is not going to win that often.
So it feels like maybe maybe we should make it so that anyone
they can choose any coin going. Forward Hey look, I hit it twice
in three goes, so I I believe. Yeah.
They do 101 hundred on fart and they have two. 100 maybe it's
100 on fart and then the others are we can choose.
We'll continue to play with it. Yeah, All right.
Well this is a great show I enjoy.
It this is good folks. Thanks for joining us.
I want to thank our listeners as always.
I want to thank my Co host Amanda.
I want to thank our partners. That's it.
We'll be back at 10 AM Eastern on Monday.
Till then, go make it a beautiful day.
Goodbye.