All right, all right. Good morning, Good morning, GMGM
everyone. Welcome to another episode of
FOMO. Our today, today, today is
Friday, October 18th. It is going to be a beautiful
week here in Chicago. The sun is shining, we're in the
60 to 70° range, just absolutely feeling great.
And guess what? It's shaping up to be a
beautiful weekend in crypto as well.
Bitcoin is moving, Doge is breaking out the the Mirada
memes are alive and of course, the GOAT, the goat hitting all
time high right before the show. We're going to break it all down
on today's show with you. No for up today.
He is now Lisbon, so he has moved from Paris to Lisbon
hanging out with the apes. As ape Fest kicks off today over
in Portugal, we might have Mando able to pop in.
We'll see if he is able to join us.
But in the meantime, we still have Logan Hitchcock, our editor
in chief over at Lucky Trader. Logan, Jim, how you doing?
Hey, good morning, Tyler. A little chillier here, but the
market's keeping me warm, so I'm doing pretty well, yeah.
It's stay warm inside season, at least for those of us in the
trenches. And I just want to give you a
pound in the back for getting back in the trenches there.
Logie. I feel like it had been a couple
months. Perhaps you weren't as locked in
as you once were, but you're back.
Feel like I'm seeing the board pretty clearly right now, so
yeah, it feels good. We we love to hear it excited
for your clear eye plays that you're going to share with us
later on today's show. On today's show, what are we
talking about folks? We are going to start with
Bitcoin smashing through 68 K as these ETS have seen over 2
billion in inflows this week. World coin now world shared
several updates, including the rebrand and a new app.
We've got moonpay partnering with Venmo and bringing their 60
million US users to crypto. The Eigen X accountless hacked.
How can you trust eigen after this Tao adding smart contracts
to its L1. There's a new ethereum phone D
Gen. 1 is it a must buy? We're going to talk memes.
Of course we've got doge breaking out the broad memes up
go up as well then somewhat of a secret quiet not a secret magic
Eden with the big runes announcement yesterday, so we
will break that down plus we've got robit spins 2 spins today.
So make sure to stay tuned to the end of the show and shout
out of course to our show partner galaxis.
With seamless built in monetization tools, Galaxis
enables the development of sustainable long term
communities, fulfilling bitcoins vision of decentralized freedom
and independence from centralized control.
Shout out to to Galaxis. I think I saw they're also
partnering with the killer whale show.
So so for you killer whales fans out there, make sure to tune in
to find the Galaxis there. All right, that's a rundown of
what we're going to be talking about on the show.
Let's go ahead and get into it. I'm going to fire up the screen
share here one second and do my best Mando impression as we go
around the horn for a quick macro update.
But for starters, I mean, we got to start with with Bitcoin
leading leading home majors. It's up 2 1/2 percent at at
68330 right now, just a a gorgeous weekly.
So it's up, it's up 10% now on the week.
The month looks solid. And then if I mean, if you zoom
out here, I think we may have just hit another higher high.
So back at the end of July, we got to about 68 three, it looks
like. So now we are we're we're
reaching new, new highs here, new local highs here on Bitcoin.
So this is, is quite lovely to see.
Certainly some of this action is on the back of the the Bitcoin
ETFs. So a massive milestone yesterday
passing 20 billion in total net inflows for the Bitcoin ETF
since they've been live since January.
So nine months roughly roughly nine months to 20 billion.
Of course, BlackRock and I've been a huge driver that with
over 22 billion just themselves on just the last five days now
well over 2 billion. So I think this is probably the
biggest five day stretch we've had.
I have to go back to the very first week.
It's probably rivaling the very first inaugural week for
inflows. Let's take a look at Ethereum.
Even Ethereum is great, a rare sight.
So we're looking at roughly 67075 million in that inflows
for ETH this week, though not necessarily all that reflected
in price action. If we go back to the board,
let's take a look. We touched on ETH, ETH up 2%
following Bitcoin 2635 Solana at 15450 kind of holding neck and
neck with Bitcoin, but lagging a bit behind here on the week.
If you look at the top movers on the day, it was mostly mostly
meeps. It looks like a few alts are now
jumping Beam and Athena up about 9 to 11% here on the day.
But it's wild to see Dosh Dosh, the the number one mover in with
the 20% with with the sorry with an 11% move at a $19 billion
market cap. We'll come back to that in a
second. So Loki's tossed out.
Yeah, look at Jupiter there in this inside the top 10 yesterday
was the a pro announcement leaning more into meme coins.
I know you guys have spoken a lot about JLP on the show, not
so much about the actual Jupiter token itself.
But I mean, in, in terms of things you're messing around
with on a daily basis, if you're an active participant right now,
Jupiter's got to be up there as number one or, you know, very,
very close to the things that you're touching your touch
points with nearly everything you're doing on chain right now.
If you're bullish on Solana and the mean coin super cycle
actually playing out, continuing to play out here for another
year, you have to think Jupiter's one of the better
picks and shovels plays on the board.
I mean, the chart looks pretty solid, like basically never
really dipped below $0.70. Solid foundation there, only at
only 20% off the bottom, 100% off local high.
And of course there's been some unlocks in this time, but the
team is kept their joke with Amanda.
He's with us. We've got them folks.
GM. Hey guys.
How are you? Doing great.
You haven't missed much. I just went around did a quick
intro on Bitcoin and some ETF inflows.
We touched on some of the top movers here, but but would love
to to toss it to you and just get your your macro take what
stands out to you here this morning.
Bitcoins going to all time high. That's what it feels like that's
what it feels like gents. It's interesting to see.
I guess it's not interesting, but we've already spoken about
the fact that dominance just feels like it's going higher and
higher each each day. I think it will probably get
above 60% to before the election.
That's my that's my bet over at 59 today.
I think it's probably going to go to 60 and then meme coins,
right? Meme coins have just whenever
they die, they come straight back.
All of the top movers in the top 100 are meme coins.
Generally all the top movers in the top 300 and top 500 are meme
coins. It's it's impressive to see.
So everyone's getting them on boarded to meme coins.
A cycle Doge like you just mentioned on the show that going
up is often that's that's seen as a bearish sign in the market.
Like often Doge is that people say it's like the last thing to
pump and then it's it's it's really been met with the whole
market selling off. I don't really know what to make
of that because doge just hasn't really rallied for a long time.
I think this is this isn't a bearish sign.
I think this is this shows you that people are coming back and
saying I need to buy meme coins. Why don't I own Doge again?
So I feel like DOGE for me is probably a sign, is a sign of
market participants coming back into the market here.
Yeah, I would tend to agree with that.
It's just been super quiet. There hadn't been much chatter
on Doge. I think a lot of even like that
the macro TA analysts out there hadn't mentioned it in months
and now I'm starting to see them talk about it a little bit more
as well. So it's starting to get back on
the timeline. Doge, I mean it's been strange
that it's avoided all of this of this cycle.
I do think that doge is an outside bet for being one of the
the best multi cycle things to earn.
Like, I just think it's always going to be here.
You think that there's a scenario where it makes a new
all time high? Or you think the all time high
is behind us? I don't.
Think it's going to hit an all time high this cycle.
But but interestingly, and this is part of the reason why I
think people are buying memes is if I can make a good pitch for
for doge being around longer than ETH, for example, you know,
like no matter what L1 dominates what we do on the timeline, I
think Doge is always going to be there.
And I think that's part of the reason why people like memes
right now. I think Solana right now should
be valued close to ETH, but I think people are scared to go
back into the water. I think people once it gets
above 100 billion, two $100 billion market cap, it kind of
has a target on his back. And you, you start to have to
think, well, is this going to be around for multi cycle?
We've just seen what happened with Sui, right?
People want to move on with our ones like there's, there is a
benefit in moving on to the next one because if you, you kind of
catch the Ponzi's early enough in the ecosystem and, and what's
been going on, And I think that people are a little bit are a
little bit wary of the L1 trade on a multi cycle lens.
You can be, you can always think like, oh, Siri's going to be
calling the next cycle. But for that to happen, kind of
you have to achieve that. Solana's probably not going to
have a great cycle. Whereas with meme coins, yes,
you have the the meme coins of each cycle, but I think that
they're multi cycle sort of things like they're going to be
around every single cycle. And I think that those one of
those, I think Pepe is one of those.
I don't know which ones I mean. What do you think of the multi
cycle memes of this of this cycle?
It's an interesting question. I mean my head immediately turns
to to Maraud's multi cyclers which are SDX and Giga.
I'm not sure I'm sold on that just yet.
I mean, I think there's a one with pops to mind.
To me, we'll see how big it gets this year.
It feels like that's the story of this cycle.
Log might have a shot. I think a lot depends if it
really if it really sticks with crypto culture because trends
into crypto culture change too, right?
I mean, right now it is certainly like a core tenet of
of crypto culture, but it's not as quite as Lendy like Pepe is
definitely more Lendy than like let's like.
Let's Yeah, yeah, of course, of course.
I think that log has got an OK shot of it.
With is difficult because I feel as though it isn't.
It probably is with with is probably a multi cycle coin,
although I don't think it's one of those ones that pushes to new
highs on the next cycle. You know what I mean?
I feel like it'll just be there in and around.
So you go down this list. I don't.
It's not a lot of them. There's really not, I'll say
what I think a wild card here is will we get one on Bitcoin?
Will there be a runes leader that ends up making it?
And if like we see a real comeback in runes and ordinals
this cycle, it kind of cements them as not just a flash in the
pan one year thing like that becomes more likely if I have to
pick there. I mean, it's it's probably dog
or pups, right? Like unless there's just one
that comes out of nowhere. So I think.
No, no, I think, I think you've decided you're you're the ruins
that are going to be the ones for this cycle already.
I just don't know if I think any of those are like super strong.
That's the issue. Just the the narrative around
them, like pups feels more related to the ordinal itself,
like and dog just feels very generic, like it's just going to
be there. I I totally agree with you.
Like I'm I'm shocked that it's been just a consistent #1 to be
honest, I had similar critiques. I think there will become just
this narrative of being the number one meme coin on Bitcoin
will be could be a self fulfilling prophecy and that
could be enough. But in general I'm I'm with meme
itself isn't necessarily all that great.
I mean, it's just a dog wearing a Bitcoin sweater.
Feels like a copy of other memes.
Yeah. I mean a true unique one.
Well, a couple of interesting takes.
So I saw a take. I don't have the tweet handy
that that funds who want to get into meme coins but don't know
how to underwrite them will instead look at Tao.
And it is Tao like the going to be perhaps like a a meme of this
cycle. Of course, it's more than a
meme. It's its own L1.
On that note, we actually saw a pretty interesting update.
Let me try to find it here. Yeah.
So. So Tao launched smart contracts.
Oh, I didn't know that. EVM compatibility now live.
You can deploy smart contracts using Splitty meta mask as well.
So that basically unlocking defy and more.
This wasn't really on my radar necessarily.
It's something that they had even been working on.
Is Tau running with alongside this AI stuff or no?
It's kind of been it hitting, well, it's not his all time
high, but it hit like a high about six days ago and there's
drops since then. Actually it's drops since then.
It looks pretty good. I feel like it's it's, it is
trading like a lot of the the meme leaders, right?
Like it it peaked in March just like the meme cycle did.
Big draw down it immediately back up and looks like it's
hitting higher highs and higher lows.
So I think I'd rather own. For you, yeah, that's the thing
for you to want to own any altcoin this cycle.
It's it's kind of wild, right? Like you have to have like a the
fact that it's even rallied probably shows you, but it's
it's doing OK, you know what I mean?
Like it's it's going to have some sort of outsized value
proposition to even rally in this market.
I think I like it. I think it's going to.
I think it's going to go at least a 2X this cycle, probably
a 3X. This thing, so it's kind of hard
to with it already at at 4 billion, you start to think like
how high is this really going to go?
And it's up so much already. Is it worth chasing for just A2
or 3X versus some other plays? I think I keep being surprised
that it's like world coin had a huge update yesterday and
perhaps we'll perhaps we'll go into it new orb, new
credentials, new mini apps they rebranded and also this main net
launch. I felt like there was one other
thing, but I thought it's it's really not talked about much
like World Coin itself. It pumps sometimes with the with
Altman headlines. I'm curious if you have a read
on that and perhaps why I feel like Taos talked about much more
than World Coin is. I can't.
I can't find it. People don't really like World
Coin, right? It just feels very corporate.
The tokonomics are unbelievable. Like it's a market.
Look at that. When two point FTV versus 1.2,
yeah, I was like how? How do you buy this?
Yeah, it's it's kind of I think it's really just a Sam Altman
play and that run up was also like a was a short squeeze play.
I don't think this is an investable currency, even if
they do cool stuff with it. Yeah, I tend to agree with you
on. That like is that going?
Is that going to 40 billion? Doesn't feel like it.
I'm like, let's look at the market capture.
Oh God. And the market capture are
obviously paying so much different picture because the
that that are happening. So you have to be wary of that.
So that's, that's going to be a tricky 1 for sure.
I think the other macro headline from the day, what was that of
our friends moon pay? So they have now officially
partnered with Venmo and you 60 million United States Venmo
users will now be able to buy crypto via the moon pay app
using their Venmo balance. So this, this feels like a, a
big one to me, Logan, maybe I'll toss it to you.
Any, any reactions on your side? Are you a Venmo user?
Is this something you would actually use?
Definitely. This is super cool.
You, you wrote about it in the Morning Minute newsletter this
morning, Tyler. And to steal from me a little
bit, just the funding sources for buying crypto.
You know, if you're not using a centralized exchange like
Coinbase finance, whatever, it's tricky.
And this just makes it a little bit easier.
I mean, nearly everyone that I know, my age demographic is
utilizing Venmo, right, to make microtransactions or medium
sized transactions with friends. And you probably are carrying a
balance. You know, hopefully those people
are the same types of people that would be buying crypto.
So I mean, this is, yeah, just another small little victory and
unlock for the ease of adding, you know, to your crypto
portfolio. Whereas, you know, before it
perhaps you were adverse to using a centralized exchange or
whatever, you know, whatever the case may be.
So all for it. I think it's a big deal.
I'm personally a pretty active then MO user.
I usually carry a balance in there largely because I just
don't know what to do with it and I just kind of hold on to it
in case to like go out friends, they pay you just payment.
It feels like a free meal or, or or whatnot.
But now, like if I'm, if I'm holding a minimum balance and I
see like, oh, there's a new a new token I want to chase here
and like, let's just fire up moon pay and let's get this in
the Solana here real quick that that's attractive.
So I think this is going to be a, a big onboarding or, or it's
definitely making it easier and attractive honoring.
It was like I, I don't really use PayPal.
I don't really hold a balance there.
Like I'm not going to connect my my bank account or a credit card
for just like a on the whim announcement.
That feels like too clunky. The credit cards get denied a
lot and you have to deal with that hassle.
I think with Venmo, this is actually a smooth experience.
I haven't had a chance to test it out personally just yet.
I, I think this could be a, a real, real game changer.
So we'll certainly see. Shout out to them.
Manda, was there anything else on your macro radar from the day
or do you think we hit most of the the big rocks?
Now in terms of broader macro, there was some renewed
bullishness from China like they're going to do the more
stimulus after their their growth slowed.
So people you had gold, you had you had stocks at all time highs
again yesterday. They just continue to go higher
and higher. Interestingly, we've seen the
yen has weakened quite a lot. Remember a lot of people were
talking about the unwind of the yen carry trade.
Well, that was on the cards. And then it seems as though the
Bank of Japan got cold feet and is delaying their rate
increases. So actually you've seen the yen
we can back to kind of above 150, which is where they stepped
in to defend it before. So interest interesting one that
one in that that whole unwind is not really happening.
I think I think the main thing that people are pointing to for
a lot of this, this rally in in crypto has been the Trump odds
and that just continues to go higher.
It does feel as though as one whale on Polymarket who's
pushing it higher. That being said, like we have
seen the biggest inflow week on the ETF since July.
I think Blackrock's got over a billion dollar dollars of
inflows already this week and we've got a day to go.
So massive, massive inflows coming into the, to the ETFs.
And I, I think most people are, are saying that's to do with
the, the Trump stuff, which is what we've been saying.
Yeah, it it feels like this could very well be a a Trump
pump here. I want to see how Silver's got
the odds. I haven't checked his model.
Internet's been a little slow what we got here.
All right, so he's flipped to Trump.
So he's got, he still has a coin flip, but he has Trump with
light edge. And he had, I mean, he had
Harris was still 5545 in his model when Paulie Market had
pulled the head already. So it does look like Trump
really has the momentum. Is it really 6040?
I feel like this is definitely a bit tied to that whale pumping
$25 million in, but it it also does kind of seem to match
sentiment. But yeah, 2 1/2 weeks to go.
It's a tight race. A lot could happen, but it does
feel like it's a drum pump. I would tend to agree with you
on that one. It's going to be interesting
that the OR go ahead. No, I think, I think, I think
it's very high these odds already, right?
I think people have pointed the idea this is the highest odds
that we've seen in recent elections for one candidate
going into it. It does feel it's starting to
feel a little bit pushed around, I have to say.
It's it's much less interesting to bet this with these odds
unless you unless you're on the combo side.
That's very interesting. The states are going to be, I
think a more interesting market as we get closer, perhaps we'll
dive into that a little bit closer to the election.
I think a fun, perhaps surprise story here, maybe switching
gears, going around to another macro headline.
Ethereum wants to get in on the phone business.
So we saw the soul phones go nuts in early 2024.
Folks remember? And now we have our first
glimpse at an Ethereum phone. It's called D Gen.
One. It's from Twitter.
Ethos at Ethereum phone is their handle.
It's minting live so you can mint your your presale access.
I think you get an Mt with this as well.
Live on base right now is priced at 0.2 Ed.
You can also buy it using D Gen. token.
Looks like the phone will be shipped in 2025.
It's got a terminal, it's got a matrix feature grips on the
side. I mean you can see the phone
here. It's it's kind of strange
looking. I'm big awesome.
It looks like one of the old iPods like the early generation
iPod iPods. Perhaps is what this calls.
You know the memory bells for me and it's got a laser randomly,
which is like another Ethereum nerd thing clear that they
decided to to build it. So this feels like a very nerdy
phone. It runs the the ETH mobile
operating system. Let's go to the website here
Yeah, you can you can get in on the pre-orders.
Oh, so this is the big one. This is why folks are buying
this and it's probably going to sell out.
They're already teasing the air drops folks, and I think they've
already got air drops lined up and being publicly touted.
So if you recall, those early buyers of the Solana phone made
something like a 5X multiple Logan.
Do you remember like what roughly order of magnitude from
the phone cost? It was like $500 phone.
You got like 3K in the air drops.
Is it? Yeah, something like that,
something like that and then some benefits down the the road
as well that probably increased it a little bit more than that
even. So this is for those who, who
like that type of thing, you know, buying something you don't
really want to collect potential air drops.
I, I think this is probably a good trade.
Now, will it be a good phone? I, I I don't know the answer to
that. I think the wild card here is
the amount of devices. I think that with the saga there
that first run there just like weren't that many.
I don't know the exact number I thought I saw somewhere and I
can't verify this but like there's like 50,000 of these
potentially. OK.
So that that might hurt the airdrops a little bit.
Yeah, I saw Zenica is buying for the airdrops.
He he tweeted that looks like last night buying 5 for the
AirDrop potential. It's interesting.
What is it? 0.2 ETH or something?
Which ETH feels so cheap now I find.
Out that really doesn't feel. Like that much for granted.
So I think it'll do well. I think there's a good chance
they sell out 50,000 phones that that wouldn't surprise me at
all. Now, will it be a profitable
play? I still bet, yes, but but we
will see. Well, let's keep pushing forward
here this morning on topics, we got to talk memes and get into
more detail. The top story, it's GOAT.
Every day it's GOAT. This thing just does not stop.
It's at $428 million market cap right now.
It's up 55% on the day. Everyday new FUD surfaces and
every day it just fights off the the fun completely.
So yesterday the fun was that Arthur Hayes and Machi both
bought and touted GOAT within like a 2 hour window that
actually caused this dip from 3:20 all the way to 220.
And now anyone who bought that, that dip is absolutely
rejoicing. They're up nearly 100% on that
trade. And now, I mean, this was viable
folks at a $2,000,000 market cap on October 10th.
So in eight days, an achievable 200X trader, you're on goat and
basically whatever size you could have wanted.
Logie, how you feeling as a goat holder this morning?
Or are you still holding it? Or have you chipped it?
Out I'm still holding. I actually bought a small a
very, very small with some scraps yesterday in a separate
wallet. I actually added some more a
trivial amount, but I'm feeling so comfortable, Tyler, more
comfortable than I believe I've ever felt with a meme coin, to
be honest. I I know I mentioned on the show
yesterday, like narratively and you know, you can have your take
on this narrative and and how much you want to give, you know,
lend it to that or just random meme coin mania, whatever.
Narratively I I've bought in and my entry point is just I'm just
so comfortable with the entry point that I had of course,
right. It took some profits early and
I'm just content and feeling good about it going up every
day. I reluctantly bought in
yesterday. Glad to have you, I.
Was tired of seeing all these GOAT victory lappers on my
timeline every day and not being a part of it.
And also like I, I found myself chasing GOAT derivatives and
beta plays and I just had like a sobering moment like why am I
doing this? Let's just throw some of this
cash at the actual winner here and let's see how far this can
run. I mean, it's got to pull back at
some point, right? Like every meme leader has those
fifty to 60% pull backs. I don't know when it's coming.
Mando, do you, have you been following this?
Like have you, do you have any reactions as it goes higher?
Do you think it makes it more secure, worse, worse off the
higher it goes? Do you have a read on the GOAT
token here? I think it's the sort of story
that if you're hearing about peripherally, you want to buy
it. Do you know what I mean?
If someone said, oh, there's an AI meme coin, there's an AI
person that's like the who's behind it.
I think the more I hear about the story, the less I'm like
bullish about it because it's like he didn't actually create
the coin. He just like endorsed it.
But it's the sort of thing that if you get told about it, you're
like, oh, this is amazing. Like I need to buy it.
So I that being said, like, I don't know, like that's a story
that the higher it goes, the more people hear about it, the
more everyone's like, oh, I've got to own an AI trade here.
Like maybe people, maybe people who I could easily go to a
billion in my opinion, like easily.
And but I do think that I just don't even know if I like find
it the most incredible story of all time, like genuinely like an
AI on X supported of meme coin. I guess that's cool.
I don't know if that's a billion dollars worth of cool.
I much prefer the turbo like story in my opinion, Like I
don't I own neither. So the idea of it, like AI was
able to like basically create, do do the helping, like create
the the the and that was before pump dot fun, right.
So it was it was a bit more of a tricky thing to do.
I think I preferred that story, but.
I would like the story a lot more if I got in at 2 million.
So again, like I've been following this thing from the
very early days. Is that for some of the reasons
you you pointed out? Because I didn't think the story
was was quite as interesting. But I think that the, the
reality is the story is kind of getting fudged a little bit.
It's going super wide. Bloomberg, a Bloomberg author
wrote an article about it yesterday and I think you kind
of nailed it. It's like when when you hear the
headline of this, like an AI agent made a coin or bought a
coin and now it's approaching like $1,000,000 profit, that
that's the story and people don't care about what the actual
details are. So I don't think that matters at
at this point. It, it, it's, it's past that.
Logan, do you know the number where the I think the turmoil
hits its million? 580 million, I'm not certain
that's it, but I've seen that surfaced.
I'd have to go back and look, but that is my that's a take
profit number for me. Mando, you mentioned, you know,
1 billion. I think that makes a lot of
sense. I think easily, of course, right
it, it could go there. But the, the narrative that's
most compelling to me right now is the AI agent making becoming
a millionaire. And that's, you know, not not so
far from here. That's a.
That's a Really. 40% move, 30% move from here.
Psychological, you know, narrative for for me, so that
that's another take profit spot for me, but I'm feeling
comfortable as is right now. I mean, that's when you get
another wave of headlines, right?
Like AI agent makes $1,000,000 on a meme coin.
That's that's going to go everywhere.
And I don't know the, the bigger this thing gets, like is this
the AI meme coin that makes it? It's like the turbo story.
You know, an artist creates a meme coin using ChatGPT.
This being tied to the actual like sentient folks.
I've got sentient quotes here, AI Agent.
I think that makes the story. And that's the angle where this
is actually more compelling. So yeah, we'll see it.
Would have been better if he made the coin.
That's why I. Feel like it would have.
Been the the best. Yeah.
Now, because am I right in saying that the reason why that
random coin like Forrest, I think it was rallied was because
he's he's made or he supported other coins in the past?
I think Forrest Forest has something to do with something
that Andy A Ray is like working on.
There was another one tree that pumped up because the the Truth
Terminal had mentioned tree tokens in the past.
So like the yeah, there are some weird conflicting messages from
Truth Terminal Forest. I think it's slightly different,
but interconnected in some way. Yeah, it's at 15,000,000.
So like, that's another part of the story is this.
The derivatives and betas have gone absolutely nuts.
So Truth Terminals, Girlfriend Sydney, one of the biggest
movies of the day, It's 400%. It's 17,000,000 you mentioned.
Honestly this sounds like Black Mirror.
Like like we are literally buying meme coins of the
girlfriend of an AI agent that it didn't create the coin but
just said it was a good coin. It's just kind of like, what the
hell it like? In some ways that makes it more
compelling to me, but it also is like this probably.
If it's a Black Mirror episode it's probably going to end
portal it going. To end really poorly, wait till
the people see what Truth Terminal actually posts, because
that's not getting too much mentioned, at least in in what
I'm seeing. Right, It's the interest that an
AI thing did this, but it's not just any normal thing.
I mean, they're posting the most ridiculous things you could ever
imagine. It's a great follow.
Like. I love following.
It it's funny I'll some of the tweets from yesterday were made
me chuckle not. Paperwork.
Yeah, I know. I was I was thinking about
saying what that was, but I I paused there.
So we'll we'll let you go find those tweets talking about
eating, eating humans in kind of a funny way.
I'll let you take it from there. But like, this is clearly the
meta. A lot of top coins are tied to
this forest tree. There's a new what's the other
robot? I'm blanking on it, but you
know, if we go around the the rest of the non the non goat
memes, let's take a look at the Solana board here.
See where we're at with up up top boom, up 10%.
What else we got Giga giga finally moving.
So Giga was the one marauding, which didn't really move last
week. It looks like it's starting to
jump Michi's back over 200 million MU Dang, one of the
bigger movies. We thought perhaps that trade
was over. I don't know if this is a dead
cat balance or perhaps a a comeback, but it's back up over
100 million, up 40% on the day. Billy is up and you that's kind
of oh, epic had a nice little comeback as well.
We got up up 20% on the day. So you you like to see that
headed over to the Maraud board Rod memes back starting to heat
up into the weekend. Perhaps a little Maraud weekend
rally. Almost all the coins are green
except for SBX notably, so perhaps it has a longer cool off
period after its meteoric rise, but up about 10 to 20% across
the board. Mogley in the way up top 848,
but but pretty green all the way down.
So very, very solid day. I think similar on the ETH board
here as well. APU and Bitcoin 2 Mirada means
one of the two of the top movers over on ETH.
I was going through the myriad board this morning looking at
any interesting predictions on the Myriad site and one that
jumped out to me was what will be the top fun coin or first
pump fun coin to a billion and let's see Well, it's actually
got fog at 100% earlier I thought this looked a little bit
different. Perhaps it's it's bugging out a
little bit, but it seems pretty clear like if you're going to
bet right now, what would be the first coin to a billion?
It's got goat goat yeah, at this point, so sorry for vlog and
Michi betters You're you're you're hurting a little bit
these days, but we'll certainly see in Bitcoin memes.
I think a big headline out of magic Eden mimpool protection
against sniped was one of the the biggest user experience
issues, UX issues in all of the the Bitcoin trading space for
most of the last year. And now it looks like that's
finally going away. So they announced full snipe
protection using their RBF here going live.
I I have somewhat tested this out.
So the night that puka puka cannot be stopped launched.
I think that was Wednesday night.
There were 600 transactions I fired a a transaction in during
a peak period and it was safe and the token was running during
that time. I thought for sure I was going
to get sniped and it didn't. So it looks like this is
starting to work, which is going to be solid for runes pops nice
rebounder on the day close closing back in on 150 million
like to see that it had pulled back most of the rest of the
board slightly read the dog dog at 560 million and it is holding
up up top there. So it's it's doing pretty well.
Logie, anything jumping out to you on the on the runes board or
perhaps on the ordinals or any of the NFT boards here from the
the past? Well.
Just the interesting the, the Gizmo Ordinal went yesterday,
that was a free mint. Didn't run up too high.
I think it was around $135, like 0.002, but that was something
that we talked about on the show.
Oh, it's up a little bit more now, but top volume by by quite
some margin. Yeah, I still feel like this is
a a spot where and I'm seeing it more and more on the timeline,
but there's going to be some winners, you know, I I don't
know which ones really, really break out and explode.
Like I think the the Billy, what is it?
Billy the cat, whatever, what's that bongo?
The tweets about it all the time.
A billion dollar cat. Yeah, Billion dollar cat, that's
the one that I'm starting to see like more and more of.
It's kind of intriguing to me, a flipped RSI.
See, at one point maybe they flip back, they go back and
forth a little bit, but this is something to me.
I like I saw there's like a generator for apes to like put
it on their ape profile. I'm sorry, you just you know,
it's giving me one of those. Once you start to see it more
and more type things. You've talked about that all the
time. You know, sometimes that's a a
reason enough to pay attention. I'm starting to get that vibe
from Billion Dollar Cat right now.
It's a good take. I, I, I think one of my hot
Bitcoin takes is that billion dollar cat could be the number
one route. I think there's a scenario where
it is you missed a more on the timeline.
So one of my takeaways from Bitcoin to Nashville, like there
was no real meme or ordinal presence.
The billion dollar cat masks were everywhere.
Those little orange masks. You can see it in the icon on
the set. Quickly, guys, shut out the code
for today's robot spins folks. The code is Bitcoin Bitcoin, so
we will be ready for those spins here in just a few minutes.
Speaking of Bitcoin, I don't know.
I think BDC the billion dollar cat has a real shot here chart
looks gorgeous. Oh, it also launched its SPLA
day or two ago. So we'll see.
That ends up being a net positive or negative.
Certainly that the launch of the Solana version of PUPS was
likely a huge driver of the media work rise.
It went on. We'll see if BDC is able to pull
it off as well. Not a whole lot else going on in
the NFT space. I think most, most of the
leaders chopped on the day. We did see Sotheby's lean into
the AI meta following the GOAT and everything else going just
taking over the timeline here. They're doing a bottle
exhibition. So Logan, do you have anything
you can share about this one? Yeah, six different lots.
I think there's only been like one or two bids.
It just opened up yesterday, but from different phases or periods
of Bato. Bato.
Of course, the decentralized AI artist has a coin as well.
I see it's down, but up on the seven day, up on the week or up
on the two weeks and the monthly as well.
So just another interesting as far as the AI meta goes.
I mean, this is one that's been around for a while.
The 1st work there, the very first lot, Tyler is from 2022.
Is this is an early for you AI archaeologist or blockchain
archaeologist? This is an early AI instance of
blockchain NFT crypto crossover. It's very, very cool.
So check it out if you haven't already, but starting bids quite
high as well. I like Botto.
The differentiator for Botto is we have several like AI art
collections at this point there really aren't many in the
one-on-one space And I think Botto starting to become a
little bit more Lindy. I think probably a little bit
too early to call it that, but it seems to be the one most
supported by the the current set of collectors.
And so much are of course very subjective, but so much of the
botto work in my opinion is actually very good.
You know, like it it you can kind of feel the one of one, I
don't know, museum quality type thing From what botto provides,
you're not going to get the maybe the scare shock factor
that other AIS successfully like Rupe Renisto stuff have done and
they lend themselves to mid perhaps a different audience.
But super cool, super cool to see.
I think this is the lone one with the bid.
Yeah, the current $8000 bid. These pass the wall tests for
me. I I had it's a fun story.
Put it on your wall and talk about it was from an AI artist.
So folks. So maybe perhaps some auctions
to watch here. A few of these are much higher
than the other ones. So this exorbitant stage already
has a 70,000. If you Scroll down, it's
probably just from a different period.
Like what? From an earlier period?
Yeah. So this is 2022.
I mean, this is this is the genesis period of Botto.
So yeah, I think that lends itself to just some provenance,
you know, whatever people want to ascribe to it.
Do you know the frequency is bottle producing one per month
one? Week.
I don't know, actually, I'd have to look that up.
But it's such a cool way, you know, like boto holders
literally get to help influence what boto creates.
I mean, it's a really cool project.
It's really, really cool. And it's it's super slept on in
terms of even just the awareness of boto, right?
There's a token, there's this interaction, the art, of course,
which is the manifestations of everything that takes place.
Just there's a lot of this really cool stuff that just
happens that doesn't get the the love it it deserves in the
space. Yeah, folks aren't aware.
So the Botto DAO, the token holders get to actually vote.
The the AI artist creates three or five different pieces per
time period and the voter and the holders get to vote on which
ones actually go to to auction. So that that's a bit on how it
works. So an interesting one, we'll
see. We'll be monitoring those
auctions here on FOMO Hour. But with that, I think that
takes us through all the items on my list.