Oh, yo, what up? What up?
Good morning. Good morning, GMG.
Friday. Oh my God, what an electric
Friday. Holy fuck.
This is a proper bull market Friday.
I hope you didn't sell your coins.
Ain't on. Hi, baby.
This is a proper bull market. Friday, lads.
December 20th, 2024. Four, four.
Look at that. Another beautiful day to be
beautiful. I've renamed the show the token
season. The show is now called token
season. If you look at it, we just got
breaking news from the Open Sea Foundation.
We got doodles on being a token. We got cool cats launching a
token. We got everybody launching in
tokens. We got the world a woman
launching token. It's token season.
I got my coast in the house. Tyler Mandel, good morning.
How you guys doing today? Doing good, doing good.
We called it, well, called it pretty well, I think from
yesterday's show. Yeah, we're cooking.
We're cooking. We are absolutely cooking.
My fart composition is insane right now.
You'd love to see that. Tyler, how you doing today?
Doing a hell of a lot better than I was when I woke up.
So let me walk you through the first hour of my morning.
I wake up, it's like 515, still a little groggy Bitcoins at
94.5, then it's at 94, then it's at 93.5, then it's at 93, then
it's at 92.5. Just starting to wonder like,
where's the bottom on all of this?
And then, you know, chatting with Mando, who who called 93 K
right, like man, like where is our support?
And then we got blessed with some decent PCE data, it seems
like. And my God, 96 K Bitcoin has
never felt so good. Yes, so.
Oh, it's 96. I haven't looked at the price of
anything. I've been meetings all morning.
It's so this is what we're. So Mando, you did say 93.
There you go. I changed the topic of the show
to token season. All right, cool.
All right. Tell your friends, tell your
wife's boyfriends. Yeah, I mean, Soby has been like
in a chat, like he's been like hammering his first down saying
like after PC we're going to find is going to be good data.
I don't know if you saw that Mando, but like, he's been like,
just like going hard at it and like, seems like it's what
happened. So shout out to Soby, you know,
and, and shout out to, I mean, Mendo's all right.
And then see, I told you guys when Mendo's going to wear a
shirt yesterday, nobody listens. Like, you guys think we're
kidding over here and you guys think we're playing.
The guy comes up in a denim blue shirt.
OK, Like like purple, purple tie.
What? Purple tie?
Who? You know what I mean?
Power who? We got power at home.
As a matter of fact, it's the other way around now.
He is power at home. The real power is on the show
now. We posted the whole clip
yesterday. You know, a lot of people are
stressed out. My day yesterday.
That's why I posted the fucking clip and then I sent it to a lot
of people. I was like, yo, if you're
feeling like stressed or like if you don't know like how to feel
today, just like watch this 30 minute thing with Mando at the
1st 20. And it was just it was nice.
You know, it was nice. And look at where we at today.
Apparently we're back. Where we at?
Oh wow, we yeah, we're back. We're going to be celebrating
100K Bitcoin on the show probably.
Anyways, tell the show today definitely market report as
usual. So let's go through the market.
Tyler's top 1000, which for sure is a top 1000 right now because
Oh my God, it's going to be insane.
Then do we have the so did we end up getting a guest on today
or is is that not happening? I, I, I this is how tapped out I
am. We did OK, cool.
We have gate coming on. There you go.
I was doing some accounting this morning.
It's like the worst thing to do at the end of the fucking like
jump off my back and stuff right now anyways and and then robot
loot box spin. And as usual, this show is
powered by galaxies with seamless built in monetization
tools. Gases enables development of
sustainable long term communities, fulfilling
Bitcoin's vision of the centralized freedom and
independence from centralized control.
But also fair side network. Every day we see people as well
as get drained. Fair side is about to launch the
fair alternative to insurance for crypto scams.
Check out fair side network on X.
If you get drank, you won't, you drain, you won't get reacted.
Let me tell you, I know I repeat it every morning, but with token
season and the open sea announcing it because there was
a database leak last three in the bear market of their e-mail
list. Remember everybody got fake
emails from open sea phishing. You want to be careful.
I'm like I'm I may remind everybody every day.
I'm going to be that guy to remind you don't trust emails.
Look at who it comes from. I doubt any of these foundations
are going to personally send you an e-mail and ask you to claim
your tokens. They don't give a fuck.
They don't want you to claim your tokens.
A matter of fact, foundations want to retain tokens.
OK, so no foundation will e-mail you or text you to reclaim your
tokens. Matter of fact, it's actually
really good for those foundations if you don't.
So set your own reminders and pay attention on X please or
listen to FOMO hour in the morning.
We'll probably be on top of anyways what that.
Is, I should have mentioned wrecked.
You have until the 23rd. If you have not claimed your
wrecked coin, you have until the 23rd.
Do it. Well, actually, never mind.
Don't claim your wrecked coin you don't have until the 23rd.
The less amount of UMF efforts claim it, the better it is.
You know a lot of paper hand bitches out there in the market
this week across the board. So you know I rather the rec
foundation hold as many as possible.
Anyways, I'm kidding. Do do clean your rec coin.
Rec coin. Good coin.
Anyways, with that, with that, just reminder, we have robot
loot box man, so make sure we're tweeting.
I'll be posting the show in a second on my feed, but Mando
take it on for us. GM, everyone.
So yeah, we did have another pretty horrific morning.
I would say we were about 100K when the show went live
yesterday, I think. Right?
Yeah. And then I said, look, this 93K
level, if we started breaking below 100 would be the main
level of support. We've hit that level a few times
and we bounced and we did bounce that.
So we had a decent bounce around that 92 1/2, ninety 3K error,
which is where the levered Wicks took us to recently as well.
And originally we were like hanging out there for actually a
little time. And then PCE inflation came out,
which came out slightly below expectations flat to the to the
the month before. This is the this is the main
inflation gauge of of of the Fed.
And although Powell was hawkish, he was did say it rebates the
dependent. So to see something like that
come in slightly lower, I think we'll, we'll alleviate some of
the worries in the market. We got this like bounce back to
kind of this 93 1/2, sorry, 63 1/2 care area level, which is
where again we may see some two sided stuff.
I reckon. I think it's it's it's it's
still interesting to see because the stock market is was down
again yesterday. It's it's gone back to kind of
unchanged now, which is which is a good ish sign having opened up
quite a bit lower. So when we talked about macro
like finding out what macro is doing, I think it's important
here gold has bounced a little bit off that figure and and so
the stocks are kind of rebounding from from that low.
So that's good to see because remember it was a macro sell off
for which started all this. My fear was that down at 9293 K,
the main thing that would take us lower after that would be
micro strategy stock. Micro strategy is also up today,
which is a good sign. It's up 4% if that that
originally was going to open up down 10% this morning.
And when that starts happening, then you start worrying, you
know, people, people get freaked out about sailor on top of this,
macros freak out. So it feels as though, at least
for now that's been that's been alleviated.
It does feel as though I would be very unsurprised if we get
another kind of check at least down to like 9293 K given we we
there was such a big breakdown below that that trend line.
But it it is good to see that the macro stuff is not is not
freaking out and that sailor is no longer a worry.
So it seems like that 93 K area now could be a a decent level of
support for a while if it if it if it held during what we just
saw. So yeah, good to see very, very
good to see it is majors a probably bounce the most here or
at least show the most strength like Bitcoin is only down like 3
or 4%. So it's not it's really not down
that much and Solana's down a little bit.
ETH is down a little bit now, but they're.
Beating, but it seems like we're back.
Solana's been the weakest. I do like that Solana here if
I'm honest, just on a relva basis and then E obviously. 175
mendo I didn't know that wow I didn't pay attention.
I just I genuinely like it's on a meme.
I log off dex queener and charts when these things happen so I
don't let the emotions like shake me out.
Yeah, wow, Yeah, it's probably a good too, but a decent a decent
dip across the across the board there.
Most of the the altcoin start, it's still down a decent amount.
I would say like it's, I would say this stuff is bouncing, but
it's bouncing from getting absolutely wrecked rather than
like necessarily doing that. Well, Bitcoin dominance has gone
up to 59% in this dip. It had hit as high as 60%
earlier today. So all coins are rebounding, but
still down a decent amount from let's say the last week.
Obviously, like there's nothing compared to Bitcoin in terms of
like what's shown strength, hype, hype is 27 1/2 right now.
Wow. Things like JLP, you know, like
we said, it's a similar sort of trade like you know, like
basically they get fees based on people trading on the platform
and, and, and levered takeouts. I think JLP made like $11
million yesterday. It was his biggest fee day ever.
So those are the sort of things that are doing well.
Fartcoin is remained above a billion.
Yeah, yeah. The king hit another all time
high at like $1.3 billion before I went to bed.
Yeah, it's that one's probably been easily the strongest bit of
the market. And I think that's just wait and
see now like let's wait and see, I'll stop.
They've like I said, they're rebounding decently, which is a
good sign. And Bitcoin going back to 96 1/2
is where you kind of would hope that that that would hold there
now at least we'll see. But there's no there was much
little else to really talk about in terms of like what was
heading us lower. This has been a macro sell off.
And let's see how macro does other than that.
Like, yeah, like everyone's still buying Bitcoin.
They still talk about Bitcoin Reserve, El Sal El Salvador's
bought a little bit more yesterday even though they said
they were going to try and cool it down with the IMF.
You had a Bitcoin and ETF launch or be approved by the SEC
yesterday. It's still a lot of bullish
signs, I would say for for crypto in terms of people
buying. Yeah, let's just just let's just
see what macro does. Wow, OK, absolutely love to see
that. I mean, wow, what a morning.
So look, we'll see where we're at.
What do you think of, I was thinking like after the PC
numbers etcetera, like we could get like a nice little weekend
bounce on low volume plus like also is the US markets closed
during, is there days where the US markets are closed during
Christmas or no? Yeah, it's 1/2 day on on
Christmas Day. It's for Christmas Eve, sorry.
And then it's it's normally Christmas days off.
So we're going to have a lot of like low liquidity type days
where like volatility could be wild.
Like I wouldn't be surprised if we get quite the recovery over
the weekend. What do you think of that?
I was thinking about it this morning, not.
Like if you want to ask my own opinion.
Yeah, your own. Opinion have another test of
that lower level. OK.
So you're saying we're going to retest lower levels before?
Just think that yeah, like once you hit that sort of level, you
don't just V shape bounce after something like this.
I do think you probably at least to like 9493 and then then we'll
see. That's my that's, that's what I
would guess after a move like this, but just because those,
all those macro things still broke that that long term trend
line. So it's not just like a it may
be shape. My guess is that we we probably
need to work out a little bit for a little bit longer whether
this is this isn't like the other day, you know, when we hit
92 K and then we just V shaped back to 100K the same day.
Like it still feels as though there's some stuff to digest
here. So I reckon what this has told
you, the good sense of this is that it feels more like the
market just told you we're probably going to chop around
here for a little bit rather than the market tells you that,
you know, the bull market's over, We broke below 92 K
Sailor's about to everyone's going to freak out about sailor
all that sort of stuff. Like that's a good sign here,
you know. So I think I think the market
probably tells you yeah, that that that we're going to chop
here. And, and then I think that makes
it a bit more of an interesting next month that we spoke about
like suddenly maybe the inauguration becomes a bullish
event again. You know, like maybe maybe we
chop around here and if Bitcoin stays in this, you know, 92 one
O or was it 1O51O6K area? And maybe we touch the lower
bound a couple of times or maybe maybe we even drift lower than
that. But we when we come back and we,
we just chop around here for a little bit that I think that
would be a really good sign. And then?
The week before the, the
inauguration, we start to really pump and I I don't know what you
would own for the next month. Then like what I do think about
those sort of times is yeah, like things like hype and JLP
would probably still outperform because you know, they're
they're, they're based on trading and people will probably
chop themselves up during this period and and go huge at
certain things. I reckon you buy meme coins
today, probably for a month's time.
Well. That's what we were saying on
the show yesterday, I think, right?
Like a lot of these so battered spot.
The thing with spot, you can actually add here, then you add
lower, then you add. You know, yesterday we KBN we're
talking about how on spot sub 200 soul looks good.
Hey, guess what? It went a little lower than that
after that, but you could keep adding, right?
Soul is my favorite of the majors here.
Yeah, I was going to, I was going to add some soul.
But 190, if you're saying we're going back to 9012, I'll wait a
bit. But I generally wanted to add
soul in the 180 region, like that's where I wanted to spot
buy more. But but, but I also think that
there's a really good way to play that is also JLP, which is
65% soul. No.
You can you can live a chop, you know, like, oh, you could just
say. Or or you could just own fart
coin. I mean my, my, my Solana, my
fart to soul is, is up only Tyler, yesterday you shared a, a
tweet with us of someone. It is not fart coin related.
Sorry, I, I, I the fart Lord is I know you're the fart Lord, but
it was it was macro related. You said someone was calling a
bottom and I like. Oh shardy Shardy B that person
just they they they do more macro TA across like stocks and
I'm. Going to pull.
It up so and they were saying that.
I found. Stocks was really oversold and
that this like this weird oscillator metric that they
track was that basically Lowe's that it, it doesn't really stick
around that. So their perspective was it was
we were going to bounce and pretty soon.
Mando, you follow the Mcclachlan oscillator.
Look, I I follow very very, very few.
I don't know what an oscillator means.
The only stuff I look at is for back, backward looking stuff
where like it tells me when a trend has happened and then I'll
really just look some points of resistance and strength based on
like volumes, like where we've seen points of resistance and
trends like where the order book show that has been buying
before. I don't look at, I don't look at
something like this. I don't think I've ever even
heard of the McClellan Oscillator.
OK. I just like to find charts that
that match my bias exactly, OK Things that that that I don't
like to see. Something Tyler and I are very
good at. Tyler and I are extremely good
at finding tweets and narratives and charts that match our
bullishness. Is hype a major?
When at what market cap does hype become a major?
Brothers. It's the 28 million.
It's an all time high today. It's going, I mean the perfect
barbell crypto fucking portfolio right now is right curve hype,
left curve far coin like this is insane.
Like if all my other things weren't down that bad I would
probably move them all to hype here and then keep all my far
coin. Like this is wild.
Incredibly strong and obviously the reason for this is they are
buying it back with the fees of exchange.
So and I guess we can't really overstate that like it they
bought back I think 3 million two days ago which is quite low
versus a $28 billion market cap. That being said, like.
It's not a 28 FTV. Yeah, sorry, yeah, FTV, which of
course is a like as as that is a meme because it's not it's not
being sold at this stage. So like it really versus that
lower level, but but yeah, like I think, I think that sort of
stuff, if you think you're going to chop, then there are certain
things to play in a chop. The number one that I always go
through is JLP, which which I've kind of, I have a decent bag of.
And then hype has now become another obvious play there and
they're very similar trades, I would say.
I am last night I was I was reading their dogs.
So we just wanted to like learn more about it and just get
deeper into it because clearly they were like to me one of the
most successful and perfect crypto products to come out of
this year by very far too. I think nobody can like eat like
if if you was hyper liquid like 5 minutes, you realize how much
better it is in every single other platform and and I was
reading their docs. It's very interesting because
it's actually the reason why it's being priced so high is
people don't realize it actually is an L1.
It's actually being it's so if you actually do believe that
it's an L1 with its own Oracle and was its own clearing house.
So it's actually super well fed. And if this Kevin guy, he's got
some good pods. He did a podcast with the
founder of hype. I started it.
I'm going to finish it during the holidays.
But it's actually really interesting, man.
Like the more I know the meme is funny, like hypo flip BNB, but
the more you read into this thing like fuck, the more like
the meme is actually not that stupid.
Like it's not it's not just a meme.
Like there's something there. You guys should check it out.
It's interesting. Yeah, yeah, share the link.
And I think I mean that is like the there's a scenario on the
table where that happens, right. And like I'm not saying that's
the most likely scenario, but like when you talk about like
the top 1% outcomes, that's up there.
So like there still is a lot of upside on this here.
Coming back to macro real quick, I think something I'm going to
watch today. I'm very curious how the ETF
flows are going to be on a on a red morning.
I think they'll be buying like so far like the red red days,
like you've seen ETFs like kind of like buy.
I know yesterday was red right If we the safety gens actually.
Yeah, it was pretty rad. Bitcoin like success, Yeah.
Broke a multi week really. Oh, negative $671 million for
Bitcoin yesterday? I haven't seen that in a while.
Yeah, Yeah, definitely, definitely one of the longest
periods of inflows that we saw and it was broken for one day.
I think we'll see. I think we'll see inflows again
like I I would severely doubt we'll see outflows.
I mean, it's a whole 2 days of inflows that were offset in one
day, but. That's that's important, right.
So like, like I was in chatting with with Peter Jennings this
morning and he's like, what what are the, the things that are
going to drive the price up in the immediate near future,
right, Given this kind of macro reset we have if the ETS are
continued buying on red days like that, I think that is
another confidence sign, right? It's just our signal that people
are going to continue twopping into these assets.
And I think you could point to that.
Yeah, no, 100%. I think, I think it'd be
interesting to see. Look, I think we just buy dips
and and we just wait. That's, that's it.
You know, that's really, that's really all we have to do at this
stage anyways. All right, well, look, Tyler,
yesterday we didn't have much time to go through topics.
It looks like today you have a busy 1, so let's hop into that.
Well folks, crypto majors were very, very red this morning as
the post FOMC correction dip continued.
But we are rebounding Bitcoin back at $97,000 for for one
Bitcoin folks, that is the number we'd like to see there.
The Trump family keeps buying ETH and D5 coins.
They now hold over $50 million in ETH for World Liberty 5.
And it seems like they're buying every day.
The SEC, they approved the hash decks, Bitcoin and ETF.
That ETF is going to be split by market cap with how the funds
will be split up. That is the first of its kind to
include both of those major tokens in one ETF, Metamask, I
missed this. I think a lot of people missed
this. They announced the launch of the
Metamask card, allowing users to spend crypto directly from their
Metamask wallets via credit card.
I I think that could actually be pretty big we.
We did. We cover that when it first came
out. There are several other crypto
cards tied to walls but this is the first Metamask brand new one
I believe. I, I need to to look into that
and double check. But in broader token AirDrop and
protocol news, Myriad Foundation introduced its mirror token,
bringing media predictions and digital advertising together.
We saw Robin Hood list bonk on Thursday, though you know, bad
timing. Bonkbot launched a new stealth
DCA product with hidden off chain orders big for Bonkbot
users and then NFT 5. This was cool.
They facilitated the largest ever on chain real estate loan
on Thursday. So certainly a sector I think
folks want to see explored more deeply and AI news.
Oh no, the the AI market cap was down 26% this morning at 7.4
billion just a week after I said the the sector was about to go
vertical. So a little egg on my face for
that prediction. Most leaders are down 10 to 30%.
AI 16Z and zero bro have formed a partnership to advance open
source AI across their Eliza and 0 pie frameworks.
That feels very important. Abstract announced support for
AI16 ZS Eliza code base when it launches.
Shout out to Abstract. This new AI coin swarms, man.
These new, new launch is they go straight to 25,000,000.
This one's over 50 million in less than a day.
Another new launch. This yes no error Y&E token hit
10 million as well. And then Zods was a top mover,
up 60%. And memes, NFTS, memecoin
majors, folks, they were very red.
They're all down about 20% this morning.
It looks like they're down. They're up a little bit, down 5
to 10% now. So a little bit of a recovery.
ETH NFT leaders were mixed, but led by doodles after the
announcement that a token is coming, Doodles up 50%.
They're actually flying right now.
Duplicators in Genesis boxes LED all the top movers.
And then it seems like other of the, well, maybe we call them
Dino. The Dino NFTS from 20/21 are are
leading it on this trend. Cool casts teasing a token even
though they have one. I guess World of Women is
teasing 1 and then breaking before the show.
We have to recap it. The ocean Ocean found the open
sea foundation is going to be giving us ocean.
So, and you forgot Hayley Welsh woke up.
Another thing that happened live during the show.
We have one of our markets, the Mered markets that just resolved
in the mid show because it was like well she wake up before end
of the year. Actually I went on Myriad and I
put almost all my points up that she won't.
So I'm down horrible right now. Hopefully the people over
building Myriad markets can top me up on points.
I asked for a friend. You know, spitting on the crypto
market. And she, she, she won the Hawk
tour and she left me spat on that thing.
Let me tell you that I take the situation extremely seriously
and want to address my fans. No, she has fans, the investors
who have been affected and the broader community.
I'm fully cooperating with the with and I'm committed to
assisting the legal team representing the individuals
impacted as well as to help uncover the truth, hold the
responsible parties accountable, sorry, and resolve this matter.
If you have experienced laws related to this, please contract
Berwick Law, etcetera. What do we, what do we make of
this? I feel like we have to start
with this. I have my thoughts, but I want
to know your thoughts Tyler. I think this whole thing sucks.
I I actually like Haley. I, I think, you know, she she
got famous for a very stupid thing and I think she embraced
that and like she just tried to do positive things like she was
happy, like she was doing things for like puppy charities, right?
Like she was just and then she got mixed up with bad crypto
people and they convinced her to launch a token and she's she's a
part of that. Like she's not innocent, right?
She got mixed up in it. She didn't know what she was
getting into clearly. Like she she got, and I'll give
her credit for how so like that was bad.
So like, I'm not defending her. She did the right thing by just
logging off. Yeah.
Apparently she has finally got some good counsel, because this
seems like a positive next step. Because like what?
What other alternatives does she have other than just logging off
forever, right? Yeah, I mean, we all disagree.
Like, yeah, I love the whole shit.
Like, yeah, I think I actually was one of the people saying
like she turned like the a meme into a a big thing to change her
life, which you can't. You got to respect the hustle,
right? Like you got to respect that
hustle. But the whole thing like, oh,
she was like ill advised and shit that that's just not true
in my opinion. There was like a bunch of crypto
people tweeting at her saying don't do this coin.
She had every single respectable founder in her replies.
Top reply. Like we're at a stage where
there's no longer an excuse to claim that you were wrongly
informed. In my opinion, it's over.
It's not 2017. You know what I mean?
Like we're at a stage where there are proper crypto people.
There are proper thing. There are like and also there's
much more upside for these for these people to buy a bunch of
solar meme coins or Bitcoin then to launch a coin.
You know, what do you what do you think Mando here, like what?
What do you think of that? It's tough.
She had she had one of the most memorable memes of the year.
Yeah, dude, she was on one like the perfect trajectory to become
a massive like thing, right? Yeah, it's just, it just seems
to be a common occurrence. I seem to see that like I have
not seen the creator of any meme make money from their meme this
year. Only the Iggy Azalea has been
been doing some cool stuff and but that's really it, right?
Meme, you know what I mean like peanut, we we we've seen drama
kill guy, we've seen drama Mudeng.
You could argue there's like they've done OK from it because
it's like 3 different coins and some of them gave them money,
but like they haven't done it. And now and now we've had this
one, which I guess she tried to do it herself.
And then I think it's just difficult.
Like these celebrities, if you create a good meme of the year,
like how do we allow that person to make money from it?
Is it somebody other dev that's going to make money from from
the meme? Like there was a hook to meme
for a little bit, right? I actually just don't know that
to be honest for her. Like I think she got taken
advantage of. I agree that she, I agree with
that. She could have known better, all
that sort of stuff. And I think like you're getting
kind of over your skis, right? Like it was a $200 million.
I'm sure she, like she had no concept that it was suddenly
going to go that level. People probably said, yeah,
we'll make you, You'll probably make this amount.
I mean, it's off. Hollywood, right, Whoever she
worked with would and all these people, No, I agree with you and
Tyler was. One of these.
Yeah, it's always like, I just want to it's just beyond the
point of not having like the right people.
Like they then they make us look bad, like Hayley Walsh, the
head. What did the headline say?
Guy? Guys, they're like, oh, crypto
scam. Like yeah, that's what pisses me
off about it. I don't care about her.
She's young, she's naive. She fell for it.
Yes, I believe that. I generally believe she had a
good intentions by the way, but. I think crypto's reputation is
kind of it is what it is. There's no, there's no saving
crypto. Yeah, like no listen.
Like exactly like don't worry about the reputation stuff.
But what I do think is that I, I would like to see a way for
people to make money from memes that they actually own or are
very close to the ownership of. Like it would be, it would be
cool to see that because it goes on the Internet.
Maybe maybe the best thing is like what happened with the
chill guy thing. He should have just accepted the
money, you know? Like that guy is long beyond
beyond. Who doesn't invest?
Coin and said, look, this is going to be my coin, give me
some money. I was offered like half
$1,000,000. Still won't take it because
crypto is a big scam right? Right, and that and that that
maybe that's the only way to do it.
Like I actually just I'm just trying to work it out a little
bit in my head because it sucks because she did make the meme.
It is her. And yet somehow it's turned out
that, you know, it's been another one of these like fuck
ups and somebody's grifted in some way or another.
May maybe the only way to do it is let somebody else to make it
and then just set up a crypto. One adopt it.
And adopt it, and then you take it.
She just adopted the first one and then it was organic long
lunch. That's probably the safest, but
I think so is it path cryptopathic?
Who does like the fractionalized entities where they try to set
up? That feels like actually one of
the best ways. So like they you tokenize a
meme, effectively you fractionalize it, all the
proceeds from the sale go to the owner and then people can
participate in trading it from there, right?
And it actually does feel like one of the best models we have,
but there's less, but we see less like price appreciation in
this model. Yeah, I saw that.
We covered that actually this week, Tyler.
Those mean pub owners IP move could decide official neuro
coin. So they actually got the members
of the owner DOJDA will vote coming weeks to get the IP.
So I actually I like that which you're saying here.
I think it's good. But All in all to say, of course
they will be, you know, LED wrong.
And I'm sure she was also she's in she's in LA, if I'm not
mistaken, right. So I think LA is notoriously
known for for being the grift capital.
The world is this stage. So, you know, I, I, I don't I.
Would say Dubai if the devs are from Dubai.
I'm normally. Yeah, You know what it is?
People go to Hollywood to become someone they're not, and then
you go to Dubai once you've done that and you got to hide so you
can no longer be in the USA. So it's like a perfect barbell,
right? Anyways.
Have direct flights from you know.
One way though, eh? One way.
That's why it's more expensive. That's not stopping off at any
country. Like there's no extra, there's
no extradition flight. You know you have to.
Move to Dubai now. Waters you take it off from from
the Bay off the coast of LA. Habibi spit on that day, Tyler.
Anyway, the Kevin from Gate, he's in the studio is cracking
up. I see him.
Sorry. Give us 5 more minutes Kevin.
We'll get to you Tyler. What else he got for us?
Let's start with all these tokens 'cause that's the big
news this morning. Oh, first, we'll start with
Ocean. I mean, so this is more and more
confirmation that we're actually going to get an open seat token.
We don't know when Q1, it feels probably Q1 to me, maybe late Q1
is kind of where I would target it at this point in time.
I don't know. We'll see.
I'm looking at the the numbers, man.
Even with this known open seat token, NFT traders are using
Blur. Yeah, in the last month Blur has
50% of ETH of of all chain market share rather all chain is
50% blur. But does that, does that change
the day, Tyler, because that was like an hour ago, right?
Like 30 minutes ago this announcement.
Do you think that might change? I don't know.
I mean, did we not think the last announcement was enough?
No. Actually not because it was just
it was an announcement. It was someone picking up on the
fact it's a foundation but not. Yeah, that, that's fair.
I will say, like I've been buying NFTS only on open C If
you were casually buying NFTS with not in like massive volume,
I think like you have to use open C right, Like and all the
blur air drops are behind us. But what this does show me is
that like, although it feels like the Blur team has kind of
given up on like advancing their product, people still default to
it and it is the best marketplace.
I mean, it is I mean the other day we're trying to buy on the
show the other night with Mando and keyboard monkey was trying
to buy an NFT on on open C Pro and all the listings were so
behind by like 10 minutes. So he had to go on blur because
it was it was showing the wrong Penguin floor.
So there needs to be a fix there.
Just FYI. Sometimes the floor I notice
that I didn't know, you know me, I use open C Pro.
So I was like, I was pushing him to buy it on there to farm this.
He couldn't. So he had to go to blur in the
end, Tyler. So there was something there.
Yeah, but that marketplace is aside.
I mean doodles I think is the news of the day.
They're up 67% through a 7.3 ETH floor.
I mean, this is a wow, a multi month, perhaps year long high
here for for the doodles on the back of burnt toast doing a
cryptic post saying a token is coming, which I don't think
we've seen Hogan lean into just yet.
I've got a lot of questions on this.
If this is just a meme coin, I'm fairly bearish on it.
If it is somehow tied to like their company and what doodles
is building, I think that is more interesting because they've
got Golden Wolf, they've got Pharrell on the squad and
they're they're producing interesting content.
They had the McDonald's partnership so that clearly they
are well connected. I don't like they did the poopy
meme coin that was a total flop. Yeah, that's what Wiz was
pointing out this morning. If it's just a meme, I don't, I
don't like it. What's the best comp to any of
these coins? It'll be Penguin wrecked for one
wreck did it first and love that shot to OV or the, you know, REC
Foundation and them like doing all that stuff like they were so
early to market that and it's been doing very well.
I mean sitting at a $95 million evaluation here.
So it's been up only obviously Full disclosure, you know, have
a bunch advisory to the advisory to the company and all that
stuff. And obviously Mendel's involved
and then Tyler also has a bag. But you know they've done it
very well and it's been very organic.
But from here forward, everybody's going to compare,
right? So how do we think these do?
Because if in the past they haven't done that, well, you
have people that are going to come in.
I, I know Jay foul saying it's falling doodles.
It's not official doodle token. We know that, but it doesn't
matter if it's not official doodle token.
It's the founder that did it. So so this is.
The official token like there, there's no, there's no
backtrack. Like we were.
Yeah. I mean, like, he still did it,
bro. And then they left and then they
come back to launch a token or token season.
That's another conversation. I don't want to have it today.
Positive, positive holidays, joyful.
We'll have these compos in January.
But like, what's the comp here, Tyler?
Penguins topped at 35 ETH then went down 50%.
Pango opened at 5 plus then went down to 2-3 ish.
Well the market is also fucking trash but still very positive.
So where did these token open and where'd they go?
Because there was no will. Nobody wanted to buy these NFTS
during the bear right? And not because there's a token,
they buy them. But once the token is out, why
do you hold them? I I think it's going to be
interesting to see what Azuki and anime does, which is
probably going to come first. So Azuki's are at 11 eighths.
I kind of expect them to continue to grind up ahead of
anime and as more details come out.
I think if Azuki grinds up, doodles can get to 10.
But people were buying Azuki and the bear, right to me, like I,
you know what I mean? Like, I guess, I guess what I
mean is that like Azuki, I don't know.
You're saying they have a stronger community perhaps than
Doodles does, and I would agree with that.
Like Azuki was there all bear. Like Azuki didn't have Zagabond
tweet out that they're not an NFT company no matter how much
you want to fuck Zagam. Well not you, but people.
Zaga was there and he did his thing for anime and anime chain
and kept building right I. Mean Hogan was there, right?
Hogan was there, but how? Hogan is our founder.
But yeah, he's, I love Hogan. He's a friend.
Love you. Hogan.
If you're listening, you're probably going to listen back
because people are going to send you this clip.
He's a top CEO in my opinion. He's he got, he's got the
McDonald's, he's got the Pharrell, He's got all this
shit, you know? He's cooking.
Yeah, I guess. Let's see.
Let's see, are you buying the doodles?
You're at 7 plus. I bought one at 6.4 yesterday in
disclosure and I don't in Full disclosure.
I very well might sell them. I mean, you're, you're fine.
So what's your expectation question, Tyler, because a lot
of people are probably going to probably do this similar than
you. When you buy doodles for 60s,
that's what they say, call it 3.4 K.
So that's 20 grand. What's your expectation on
return on that? I thought I had 50% upset.
OK, so I still prefer buying the meme coin.
A meme. Coin I should I tweeted the news
out and then I waited 2 hours to buy.
You keep doing that. I just want to it was, it was 4
ETH when I when I tweeted it's not the first.
It was just been D's bond and so D's D's had a much better entry
than that. This is not the first time you
do that dude. I.
Know it's a good luck on you, I guess.
OK, OK, interesting. I'm just curious like especially
on the cool cast and everything. These are projects that
essentially people are giving up on doing the bear.
And I'm not talking about the core guys, not the die hard
doodles, the die hard cool cast. I'm not talking about you guys.
You guys are the best. You guys are actually stuck by
projects more than your own founders.
But I'm, I'm just curious, like the community members that
really bled the bear from like a 30 ETH high to like A1 ETH
bottom, are these people just going to hold these tokens
forever? Are they going to rotate it to
the flavor of the Montfart coin for example?
I mean I think if if you held doodles from 30 to one, you're
not selling before a token. No.
But then you're selling the token right away, right?
Because that's your exit. We need to know more about it,
right? It's the same with with Pingu.
We're using Doodle as an example, guys, but it could be
Pingu, it could be wrecked, it could be cocats, it could be,
well, the woman. It could be, it could be myriad,
it could be everything. I mean that like we're using
Doodle example because that's what you're talking about,
right? I don't want people to think
we're like singling out doodles, you know, So, you know, I think
I think that's it. Like to me, the way I would play
this is I would bet on the coins of the teams that actually
delivered all bear market, because a second these people
get an exit, another bear market, they will leave again,
but some people will stay. So like I'll I'll take the
opposite side of that. So like, I think Uzuki is a very
strong brand. I think the team showed up and
they they maintained their community across the bear
market. But anime is a is a niche but.
It's a big niche, yes, mega niche.
And where in the East where they bit those things up?
You know what I mean? Maybe I'm I'm I'm swayed because
I had some conversations with a few Uzuki whales in Miami who
were who were neutral versus bullish, which gave me some
pause. No, that's just good.
This is good. Didn't team?
Teams are going to succeed. I think they're at the top of
the list 100%. To me, I'm so happy to see
doodles coin, cool cats coins, red coins, all these coins
because at the end of the day, as a community member myself, I
want community members to win. So I'm like so happy that all
these doodles folks that held through the bear are getting a
coin now that potentially is going to get them some return.
I think this is the best outcome for the space in general like
this is amazing. You know what I mean, I.
Do. Yeah.
So then we can all have our thoughts on founders and stuff
that doesn't matter. It's like personal, right?
But I think I think Kimmy is doing that anyways.
OK, so that's good. I'm going to, I'm going to bring
Kevin up in a minute here. Tyler there.
Was there anything else that you had to cover?
I think that's it, high percent and $30 token right as we speak.
It is incredibly strong. Whoa, that is crazy.
Yeah, I think that's it. I think the SCI think this
Hashtags Hashtags ETF is a very interesting product.
If, if that gets inflows, that adds to ETH's high pressure.
So I think that's going to watch, too.
OK, perfect. That's that's that's awesome.
Quickly, while we get Kevin, I may well, I might as well go
with the latest announcement, right?
Fuck it, Let's let's run it up since what am I supposed to
share? Am I sharing?
Oh, there's a video. Look at this Look at this
announcement for my red guys in the house.
The second community contest. We know we announced pudgy
Penguins last week during our basil.
It's for red guys so check this out.
I love that that is a gangster video.
So if you have a red guy, if you have a red guy, you now have
your own markets that are set up on Marriott the same way we did
for Pudgy Penguin. So if you own, if you're a red
guy holder. Also, I think if you're a red
coin holder, correct me if I'm wrong, but but you can win.
We have two red guys up for grabs. 5 OSF editions, 5
Professional D Gen. 5 edition and 6.9 billion red coins up
there to win. So shout out to to the rec team
for partnering with us for the second community contest you can
bet on. Will red guy 101 NFT sell by the
end of January 10th? What will rec coin market cap be
by the end of January 10th? Will an alien red guy NFT sell?
So you have a bunch of stuff. Come get your points on Marriott
here. Start your quest, follow Red
Guy, follow Marriott and definitely come get involved
with us.