Yo-yo, yo, what up? What up?
Good morning. Good morning, GMG.
Whoa. Monday.
Oh yeah, baby, I love my Mondays.
June you month. Look at that 3rd 2024 so
redacted. It's a beautiful day to have a
beautiful day. I got my Co host in the house
Tyler Mendo. Good morning boys.
How you guys doing today? Great man, really good weekend,
Yeah. Feeling.
Good. I love it.
Tyler, how you feeling? Feeling great, it was a nice
weekend with the family, laid back weather, it was gorgeous in
Chicago and and looking at the the board this morning lot of
green. Feeling good.
Your predictions for June? Off to a good start.
Listen, listen, we're not going to jinx it, but all it takes is
like 2 candles to 80 K. We've seen $5000 candles.
We're, we're, we're not new to them, you know, we've seen them,
we've seen them before. We can see them now, you know,
so, so, so we're off to the races, you know, June 3rd, you
know, the last month of H1 Big one, big one starting off,
starting off with the bang. The sun is shining in Montreal.
Mandel's got a new look chat. Let us know what do you think of
Mando's new look? I mean, Duck Jesus got a you
went for a little. You were calling it in the
studio, the Portuguese look. Yeah, I've gone full Portuguese.
I've decided. I was saying in the in the
studio beforehand, like I've lived here for for a long time
and I was looking at myself the other day.
I was like, I literally, I looked like a abroad on holiday.
I was like, I'm, I need to look a little bit more Portuguese.
And honestly, since I've since I did the, the facial
reconstruction, let's say people speak to me in Portuguese like
genuinely. So I think I, I think I'm, you
know, maybe maybe this is going to last.
I don't speak Portuguese, so it doesn't really help.
We'll see how it goes. Someone one of your fans here
Ali with the epic duck PFP on YouTube or on X on X saying well
you look like one of the. Four Epic Duck community member
there. That's one of the mods.
Well, yeah, Well, one of your mods is saying that you look
like one of The Three Musketeers.
I must say, I really like it. I really.
I hope you don't shave it. I think you should keep that.
I think you should keep. I think your wife's gonna.
I've got a weak. It's convince my wife, yeah.
And then? We'll see you get weak, OK.
Well, I think I'll be able to push it, let's put it that way.
Initially she was like, take it off, take it off immediately.
But yeah, we'll see. I like it.
Maybe I'm going to have to follow once I'm in Portugal,
like maybe I'll shave your like, like you skip the goatee, you
know, You know, I shave too. It's like as short as I'll get.
But you know, because I can't, I can't grow like a thick full
beard. That's about as much as it'll
go. It's not bad but and it gets all
itchy and stuff and pisses me off.
I can grow a thick one, but I've I was I yeah, I just thought,
why not? What about you, Tyler?
Tyler. You look like you could rock a
beard. You got a baby face now.
You shaved everything. But you, you looking you could
rock a beard. Yeah, I haven't really done it
since high school, so maybe, maybe I'll have to follow
Mando's footsteps. I think Mando should not shave
until the dog gets to a buck. Yeah, look, I can.
I can do a lot of little different forfeits until then.
My hair's gonna grow quite long already, but.
Yeah, I mean, let me tell you, it looks like Ovi is about to
have hair long up to his ass if NFTS keep trading like that.
Ovi's secretly cutting his hair right?
He just sees so clearly you. Know he's cutting his hair.
He said to me the other day all the ends were a little bit
damaged. I was like, what are you?
What have you been doing? What have you been doing, my
friend? Yeah, definitely have that one.
You you know, he's trying to get out of that one and the red guys
are not going to give it to him. Hey, if you're a red guy in the
audience, don't give it to him. Don't give it easy to him.
You know he said four and 4.2 ETH right is when he can cut his
hair. He tied himself up to the most
absurd, hardest thing to keep up with right we.
Could reverse. We could reverse the bet bet so
that I don't cut my hair until a buck and he has to get an ass
hat. Yeah, you got to ask that at
4:20. I mean, I I kind of really want
to see that, to be honest. So so so that could could be
fun. Sorry about your Champions
League bet SF 10. So we're live on YouTube and and
X live for in case you didn't know yet, but you know that
because we're live every morning.
Yeah, it was Borisa Durkwin Madrid this weekend.
That was a fun that was a fun that was fun Champions League.
Anyways, anyways, what do we got today?
That's the show today. Today What what's going on
today? It is Monday.
I'm not going to lie, I was complete tapped out.
I wake up and I look at the market complete green.
So crypto market report, we have roaring Kitty.
So it was boring Kitty. Now come back Kitty, you know,
he's completely back, completely back.
And it looks like it's pretty crazy at that $200 million
position, which by the way, pretty sure it's like $400
million position now. Like it's absolutely insane.
So I guess we'll have to talk about that.
We'll talk markets as usual, all dreams and dreams we'll go to
Tyler Tyler's top five, see what Tyler's got in top for in store
for us. But you know, I tapped.
I looked at my charts that I had left open on my computer Friday
before locking out and closing the computer and holy shit,
everything's going crazy and it looks like like the celebrity
meme corn meta or at least one of them is still going pretty
strong if you ask me so so I'm sure we'll have to talk about
that. You know we'll talk we'll talk
Moggart list on π bit woke up to that Love to see that you had
the big with will get out. You have photon teasing and
token. You have fuck face Brett corn
billion. There's so much going on man
it's ghost face killer Bitcoin puppet honorary like what OK,
like I I I'm already feeling June starting to slowly roar.
You know like this slowly slowly, slowly like and nothing
better than June roaring with roaring Kitty being back again
rumors of him having starting a Thunder something anyways, we'll
talk about that. So we have a lot of stuff to
talk about today and as usual, this show is powered by Moon Pay
and Fair side. So to buy crypto with PayPal,
easy, just down the Moon Pay app, it's your crypto.
It's not too late, we're still early.
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You know what a lot more normies are are asking me obviously
about crypto and I was asking. I was hanging out with a bunch
of normies yesterday guys. It was weird.
But you know what sometimes you have to get out of the bubble,
right? And they're still asking me for
O. Is it too early?
Is it? Is it am I too late?
Am I talking to just just just buy the thing?
Just buy the thing. Don't look at it and chill.
So you know what make sure you use that and it's download that
you know quick plug to Keith and won't pay everyone.
Just get your PayPal, get your thing, get your crypto.
Let's go all right anyways, without further ado, why don't
we get started into it Mando, I need to hear this market record
because 70K it's looking good. Can you?
Dig it. Yeah, GM everyone.
So it feels as though, and I put this up today.
This just feels like a classic world transfer from the from the
inpatient to the patient. I feel like people have really
been cutting themselves up over the last few weeks.
We've said it a few times, breakouts have have largely not
held. You've had, you've had some meme
coin stories too crazy, but you've also had a bunch of
people I think that wrecked and different stories.
And it's just not been, I think a great trading environment
where we've just gone sideways and, and people have been just
caught doing, doing stupid stuff.
And that felt again today, you know, like we're kind of where
we were last week, the week before, the week before that.
We've been around this level for about 3 months and even now,
like I think even last week I said like, don't be buying this
thing like 5% below the breakout, assuming the breakout
and we tended to break out and we got smashed right back down
again. We just feel so classic of this
market, right? Like it's like, Oh my God, we're
about to break out and then Oh yeah, maybe we haven't.
So I'm not saying we haven't. It's still, I think we are going
to break out to the higher. I'm almost 100% certain of that,
but I'm not betting on timing of it.
So I still think you probably want to be in spot and chill and
we can talk about some different assets you can own.
But yeah, the but Bitcoin went up to around 71 K just now and
then has come right back down. Solana is kind of unchanged.
He's slightly better than Solana, but underperformed
Bitcoin slightly today. So kind of a mixed bag for the
majors. Yes, the the volatility over the
over the weekends is almost zero like Bitcoin.
If you look at the Bitcoin chart yesterday, it was a joke like it
did not move like. My lines.
For our period, yeah, exactly. I'm doing the thing that all the
astrologists are doing. We call that a bullish Pennant.
Bullish Pennant, yeah. And this is we have 14 days of
inflows, so. Yeah.
Good. I don't think there's any reason
to be overly bearish. The main thing on Friday was
that Biden came out and did veto the law that basically was going
to allow it, allow highly regulated financial institutions
to buy or at least own Bitcoin on their balance sheets.
He basically vetoed that which he said he wouldn't and then did
in the end so. What an interesting turn of
events, huh? And that didn't even compact to
our market, which is pretty good to see because we had an
immediate deep dip Mark Mando. But I thought over the weekend
with no ETF inflow plus that news that we turbo dump but
seemed to have held pretty strong.
I think it was probably well telegraphed if I'm honest, like
it made sense ex post that that's the reason why we'd maybe
sold off and then when who no one really cares then that
that's kind of where we ended up.
So yeah, that was the biggest like macro news this week is a
is a relatively sorry, that was the biggest script, the news the
biggest the stuff macro this week.
We have NFPS on Friday, non farm payrolls that will be a
relatively big figure and you have the ECB rate decision of
which they're expected to to cut rates for the first time in in a
few years. So yeah, those two are like the
biggest events of the week. I would say Fridays is is easily
the biggest out of the two of them.
And then today, obviously we've had Roar and Kitty come back.
So that's that's going to cause a lot of volatility in a bunch
of different stocks. Yeah.
But relatively quiet volatility is low.
I mean, if you're looking short term, people are saying that you
know, it's setting up relatively well.
You've seen big accumulation of whales on on particularly on
ETH, but also on Bitcoin. Bitcoin did breakthrough some
sort of trend line resistance that it's been in for the last
two weeks. So maybe we see a little bit of
a pump today, but I'm just not holding my breath about when
this is going to be. I'm certainly not going to be
saying you should be buying this If it hits 71 K like that feels
like the the 71 to 71 1/2 K we get rejected and then we all
just cry a little. Bit what happened to what
happened to everybody was calling for 63 K Friday I forgot
I just. Who cares?
Like 63 K is like who actually? Cares.
No. No.
But I'm just saying, like what happened to everybody?
Wasn't everybody short on Friday morning when you go up in the
show? We might hit 6063 K part of one
thing I remember from crypto when we go into these really
long periods and this is just this may not happen this time
and This is why maybe why I'm not as super bullish on like
this being the breakout is often the breakouts happen after you
get wrecked. So like what will happen is
we'll touch the lows and then we'll go straight up.
It happened just before we broke out of that really, really long
range. If you go back to when we were
between 25 to 30 K, we actually hit 25 K roughly on Bitcoin and
then we smashed through it all the way up to 30.
But like personally, sometimes the only thing to get you
through to get you like through this sort of range is for shorts
to think that they're about to make a ton of money.
They start piling in and then you just go straight up in a
straight line. So part of me, what we actually
need to break out of this range is actually for us to touch like
63 K and then and then it just literally goes like a straight
line higher or, or it could go through this way.
But I just, I just know from the history of grip though, that the
the biggest rallies always happen after we've like touched
the the local low and then it just goes straight high.
Yeah, 100%. I, I'm, I just, yeah, I just
did. Just like I I hold on.
I I'm so distracted because what is going on with this man
though? Why is Berkshire Hathaway class
stock a down 99% right now? They may have done.
I think they probably did a a a share split MIT Doug's Hathaway
stock. Look at where it was trading
dude. Because like somewhat I just
it's got tagged on this on the show and like everybody's like
on the timeline, like did the dev rug.
And and. There's a whole thing right now
on Wall Street. There's a NYSCNYSC is here,
there's a he's saying NYC continues to invest a technical
issue on Lol D bands. What is that?
What is going on? I've never heard of a Lol D band
so that may be a like a specific stock thing.
I used to trade bonds but yeah, don't.
Worry. I think I saw on the weekend
Berkshire Hathaway owns like 3% of all the US debt in which has
been issued like Berkshire Hathaway had pretty much.
But Warren Buffett has like all of his money in in bonds right
now. Oh, Berkshire Hathaway.
Dev rug Dev Did the dev rug like Tyler?
You see this Berkshire, by the way, stink Dude, look at this.
What was happening? This morning, I think Roaring
Kitty's to blame for all of this.
What's going on? What's going on?
What's going on, Tyler? I feel like you're feel you're
tapped in. Like what?
What's happening right now? Sorry, what was the Rohan Kay
thing like? Do you want to dive into that?
I mean, we, I mean, what's happening right now on, on, on,
on Wall Street, I'm getting like pinged like crazy.
This, this Walter Bloomberg, this is like his Olympics right
now. This guy's like fucking tweeting
five times a second. That's like, this is like the
greatest day of his life. Yeah, that's for sure.
I saw like, I mean, I, I saw the GME hit the Breakers a few
different times. So they were, they were stopping
trading because of that. It looks like when you pulled up
the low D bands, basically those are the the restrictions that
prevent stocks from from trading outside certain ranges.
I'm not familiar. That's just what I saw on the
screen. So if those are down and and
perhaps things are, are going a little bit bonkers, I don't
know. But yeah, I haven't seen too
much like this. What the hell?
OK, well that's interesting anyways, so I guess Mando, we'll
wait for those numbers blah, blah, blah.
Still bullish, love to see it always bullish Bitcoins at 69
eighths around 70 K, he's 38 so long has been honestly.
So it's been lagging in this like one 60s for a minute now,
but you know what? We like it there, we like it
here, we like it there, we like it everywhere.
And and you'll have to see that. How's our duck doing today?
And saw saw a nice little candle there.
How's the how's how's the life of a meme coin dev in this
market? Interestingly, some of the major
memes are slightly underperforming.
So we like with you would assume on we'll be up a lot today.
Pepe, you'd assume we'll be up a lot today.
They may be going through a period of consolidation here.
So both of those are like risk adjusted.
They're definitely down on the date or at least they're they're
underperforming so far. They've I don't know, Solana
meme coins have had been going through it a bit pumped off
funds, making record revenue. But there's not really you have
the celebrity coins and like a few other small metas which have
done well, but even even like the political meme coins have
kind of hit a bit of a high. So I personally, if I take a
step back, I think the meme coin market needs a little bit of
consolidation here in the top memes.
That's what I would guess like I, I think Pepe may hang out
here for a little bit. I think Turbo, I think, I think
mog, I think all all of the ETH memes might might hang out here
for a little bit. And I think with is also not not
really catching that beard that guy got out of 6 million or
whatever over the weekend and it's rallied, but it's not it's
kind of unchanged. So yeah, that's my general sense
of stuff. Luckily the duck is having.
I mean, I don't really know, like I I've no read into why the
duck is up or down on a particular day, but it is up
today there you. Go.
That's all that matters. That's all that matters.
That's all that matters, man. Oh, it's going to be it's going
to be a big week, big week, big week, big week.
We love the we love the inflows. We love the inflows.
The, the, the, the, the suits are buying.
The suits are the suits are definitely buying.
I saw some more, I saw some more news on the ETF with Franklin
Templeton coming out with their, with their fee or theorem, which
was like what 25 bits or something like really, really
small. So it looks like everybody's
getting ready for that. But anyways, let's get into the
the post. On that, actually if you want to
want to get into the what people think about the ETF on the Mando
minutes today, somebody wrote like wrote like a detailed
thread of I'll put it into the FOMO our chat so we can all talk
about it. I'm I'm curious to see where
we're at in that I'll put it into.
The FOMO, our chat, but there's a good post here by someone
called trade the flow and I don't know who it is yeah, but I
just. Probably follow them right?
There you go. So.
Yeah. So gave into detail about what
we think the inflows for ETF will be.
OK, all right. So it's supposed to be what do?
You say, I think Goldman Sachs wasn't there.
So if we go down, keep on going down, this is the base case,
bull base, bear case of inflows the rest of the year.
So 1.3 is the bear, 3.5 is the base and the bull is about 7.
This is for the until the end of 2024.
So you have about 6 months of inflows here or slightly left
what the time is and that's what they've really done.
There is just a percentage of what Bitcoin ETS will be.
So on a bear case, you only get 10% of what's gone into Bitcoin
ETFs. And then base is 25 and bull is
50. Bull I think seems very high to
me at 50. I think a bullish scenario would
be like 30 to 40 here, but let's see.
And then if you go down, let. Me see if I go down here, what
do you guys think what do you guys think this this this is
going to bring? I think like I wouldn't be
surprised if it's big open for Ethereum.
I'm not going to lie, like, I don't know.
I think I think it will disappoint in the in the.
Internet. Interesting.
Yeah, because I think you'll see massive outflows from grayscale.
Oh, it's true. That's a massive Ethereum
position, right? My, my general sense is that ETH
will continue to outperform alts until the ETF comes.
And then my, my base case is actually it will slightly
underperform because I think it will underwhelm after that comes
through. But then yeah, that, that even
in that base scenario, he has ETH going up to 5000.
There is up to four and a half and.
Well, that's not. Bad if you if that's that's
assuming that like supply doesn't change elsewhere in the
in the network, but. Yeah, the path is higher.
It's just it's. It's more like a relatively
valued value if the. Bear case for Ethereum is 4400.
I mean, I'm OK with that. I put.
This I put this just to start the conversation.
I think I think the bear case is actually pretty lower, but the
you know, this isn't that bearish calling for it going up
20% I'm. I'm pretty cool with that.
I mean, you know, I, I like, I mean, Tyler, what do you think?
What do you, what, what's your prediction?
You know, Mando's leaning more towards like the bare case short
term, which makes sense because of grayscale.
You do. You make a great point here.
At first we forgot, right? I think, I think it goes up,
yeah. I think ETF outperforms Solano
until the the ETF. Comes yeah soul Eath is not
looking really good for us for the manlets, huh?
Including myself, but including myself here.
What do you think Tyler? What's your prediction here on
the on the ETS open and what what are your thoughts on that?
Well, quickly when whenever soul eath.
So whenever soul eath starts to look bad, that's typically when
it's been reversing and and it shocks everyone.
So, so perhaps that's what's what's going to happen next.
But Mina's point makes sense. I think my base case is probably
somewhere between that that person's bear and bull.
I, I had it around 1010% of Bitcoin inflows makes sense to
me logically, somewhere between 10 and 20%.
And Bitcoin goes to 100,000 in 2024 ETH at 5020 to one.
It's probably right where I where I'd have it.
So I think it's so I'm somewhere right kind of in that that lower
end of the between bear and and base case.
OK. So you guys are bears.
What happened this weekend? You guys are both bears now?
Both bears. Going for 5005 thousand a feet.
ETH is is bear bearish here broken.
It's a 4030% move. Oh my God, dude.
I love that. I love that.
ANYWAYS, all right, listen, enough of the markets.
Tyler, talk to us. What's Tyler's big top five?
I feel like you've been tapped in you writing the the you.
You wrote the lucky lead in this morning.
You wrote the fucking you. You wrote your your your
newsletter. I need to know more.
But what's going on with with with with roaring Kitty and
everything? Tyler, give it to us.
What's the update? Yeah, so top story roaring
Kinney is back after a two week hiatus.
He posted just as a simple meme on X along with a his position
on Reddit. It's since sent markets into
absolute chaos. We'll get into that here in a
minute. Mando covered this, but Biden
vetoed SAB 121 late Friday night.
He has become the anti crypto candidate at this point in the
election. Like it or not, celebrity meme
coin meta, it is back. Iggy's mother token rebounded
significantly over the weekend. We saw it hit 90,000,090 million
plus at peak it is around 65,000,000 and we've seen a few
other celebs get in on the madness since then.
In other meme coin news, Brett, like we never talk about Brett.
It's over on base past a billion.
It's over 1 billion market cap. It jumped to 7th in the the meme
coin sector and then just a bigger weekend in general for
Solana meme coin protocols. We saw pumped up fun hit a new
all time high $1.5 million in a single day in revenue, bringing
their total to past 30 million. And then Photon, the big news
yesterday, they're teasing a potential token loss not yet
confirmed, but that's how that's what we're reading into their
teaser from yesterday. So most of the news in in meme
coins here this weekend. Yeah, I mean, understandably,
right. All the majors are chopping
around the same level. So people are having fun this
summer. So let's take it back.
Let's take it back to Roaring Kitty.
So so So what? So we I think everybody had kind
of like marked this for dead. We were all kind of confused.
I think we talked about us there on the show, right?
We're like, so what's going on? The guy comes back posts like
poster Franklin, right? Posts video every 30 minutes.
Yeah. He's not even a fantasy top
card. He's not even a hero, you know,
and, and, and then goes and then comes back with the reverse Uno
and then unveils that he has a $200 million position, which is
probably worth like 4 or $500 million this morning.
I mean, Tyler, what's going down?
I mean, the markets opened an hour ago.
It's been it's been haywire. Yeah, I mean just total madness.
So, so clearly he's not going away.
I, I think that's the, that's the lead story of all this.
We saw just the simple reverse Uno card post yesterday,
basically mean like the, the tides are going to shift here go
the other direction. But this wasn't the post that
did it. It was the disclosure of his
massive stock position. I just, I don't think anyone
knew he had that much. So he said, that's what I saw on
Twitter, $115 million worth of GME shares, $65 million worth of
call options expire in 18 days. We saw the market go nuts.
So GME stock was up 85% pre market this morning.
I think it's up like 30 to 40% right before the right before
the show. The meme coins on Solana though,
once again the the tokens are outperforming the the stock.
So we saw the GME token on Solana.
It was up 250% to 95,000,000 this morning.
I think it's downtouched since then.
The ticker Kitty was up 375% to 11.5 million.
Someone spun up an Uno token because of course they did it.
It shot UP10XI mean it's in micro caps so it's below a
million. I think the AMC token went off
as well. Pretty much AMCI think is GME
beta at this point so those two are going to move together.
Perhaps interestingly in tied to all this is Kaleo pointed out
that the last time Dogepoint had its major move in 20/21 was
right after GME stock hit its peak and and he's calling for
history to potentially repeat itself.
I mean, he's been a Dogecoin bull for for quite some time
just kind of pounding the table. So we'll see if this GME Part 2
sends the since the dog coins in the broader meme coins sector.
That's crazy. Yeah, that that did happen.
We talked about it right when the whole Jamie thing happened
last time with with with Kitty. And then like the Doge, the Doge
run was right after. That's a good narrative.
I mean, I'm not against it. I'm not against the narrative,
but dude, that is crazy. Guys, what do you, what do you
make of this? The guy's like, I was talking to
someone before this and he was explaining to me how, like
literally, if he what do you you have your calls?
You can if you like. What is it called the the term I
forgot the term Fuck it's looked out of my mind.
If you exercise your calls this guy owns like 5% of the floating
like stocks of of jemmy. Yeah.
Is there every call option equates to 100 shares.
I guess my my question in all this is how does he, how could
he exit this position? Amanda, I think you might be
better suited to. Him, Amanda, How does yeah, how
does someone like can make money here?
Yeah. So this is This is why I think
is dangerous about his positions.
It's so public now. So before seemingly he made a
lot of money with these kind of non public trades.
I don't know at this time because I think people weren't
aware of like when he exited the positions and now they will.
So I think it's going to be a lot more difficult, let's put it
that way. I think, I'm not saying this is
the this just changed the game. You know, when people, it's like
when you see somebody's liquidation point on chain like
this, this isn't going to be that easy for him to exit in my
opinion. This is insane, bro.
But so here's the thing. There was a rumor last time
around that he came back and he was raising a font.
I remember getting Adm from a friend saying like, you know,
that's what he's doing, but he wasn't sure.
Kobe actually this morning was talking about that.
Kobe was was saying that roaring kid actually raised a font or he
was alluding to that and that the way he's making money is on
the the 20% fee, right? So like every time on the fun
level. Apparently that's what Roy and
Kitty did. But look, I'm not, I'm not as
well versed as as most people to explain it, but this is what
Kobe seems to think. Mando, he said.
If you think about it, it's kind of smart.
You just need to raise 5X your own intended by size with no to
by size to profit the same, but with no money risk, only
reputational risk. And practically actually the
reputational risk is 0 too because you're all in GameStop
with other people's money after telling them you were going to
do that. So it's pretty based.
That's what Kobe was saying. So he was explaining that you
know if you raise a fund, you normally take at least 20% of
your profit you make. So if you were going to make one
million of something, ten X = 9 million blah blah, you need to
raise 5 million to hit the same personal P&L.
So apparently this is what he's doing.
Well, maybe he's doing that, I don't know.
I, I, I what Kobe said there is true as in hedge funds normally
work on a 2 and 20 model survey will take like 20% of the of the
of the profits and they'll charge like a 2% management fee.
So it's likely. What I would say is if you're
doing it fund, I would say it's more risky.
And the only reason I would say that is because if you're doing
it via a fund, the rules around market manipulation will be much
stronger. The idea if you're taking money
from investors and then you're all coming in and, you know,
there's been plenty of of funds in the space that get done for
this sort of stuff. But yeah, if he's doing it by
himself, he's just like, I'm just one bloke in my, you know,
room, you know, and I'm just live streaming on Reddit.
And I think he's less culpable. If he's got a fund and he's got
like, a professional team behind him and they're essentially
pumping and dumping all day, then then I imagine that that
could end worse for him. So I hope he hasn't got a fund.
Yeah, I don't know, man. Kobe seems to to be pretty
certain of that. And and actually I had heard the
same thing, so we'll see. That's interesting.
What do we think happened next year, Tyler, with this Jeremy
saga? I mean, it's obviously, you
know, the the meme coins are going crazy on the back of that.
I mean, not mine, the new ones. Well, in fact, it was bad.
It was bad for a lot of the other coins because there, there
was rotation to the, to the Kitty to the Kitty bag.
So I mean, we'll certainly see. I, I feel like so GME pumped
hard the last time AMC pumped hard the last time he came back
and then it kind of slowly sold off.
I mean, he's going to have to continue being like in, in the
news and, and posting. I, I think for these tokens to
continue to do well, Of course, it's going to be somewhat tied
likely to how GME does in the market this week.
I mean, raising the fund makes sense to me.
I think the biggest question was how did he go from, you know, 20
to 30 million last cycle to now 100 and 80 million and using
other folks money makes makes some sense there.
But, you know, perhaps he did it on his own.
I mean, kudos to him, yeah. All right.
Well, there's that on that front.
The other thing is this MOTHER token, $80 million.
Are you guys seeing this right now?
It was like 60 something when we started the show.
We thought slab meme coin meta was over.
It is not over so. You've been covering the mother
coin. I mean, what's, what's the
latest dude? Yeah, so it it all started late
Thursday night when she got the mad lads Madlas PFP.
She she or NFT? She changed it to her PFP on X
that marked the stone bottom. And then she carried the
momentum forward this past weekend.
And then she was sharing thanks for some of her plans for the
token. You know, she was reaching out
to law firms. I think she mentioned like she
name dropped like Fenwick in West, you know, she was talking
about wanting to make sure everything was regulatory
compliant and the the broad, the broader reactions from the
market is that. She literally posted she posted
a tweet saying Fenwick and West. Nothing else, just.
That's awesome. It's kind of late to that game,
I would say, wouldn't you say? I I I don't she.
Bought her own token. It's working right?
I don't. Right.
Like she's publicly been on Spaces saying she basically
bought her a token, right? She.
Said she's what she's saying about the.
Exit, but she didn't get enough. I don't know, feels a bit late
to be calling up film works. I mean, honestly, dude, kudos to
her dude. I read, I mean, I'm not sure
about this, but I read on on on on on Sims page this morning
that she apparently shut down her only fans or something like
that. And and not shut it down, but
like made it so that she made a telegram and like there's no
more only fans. Like you have to get the token
and like get on the telegram or something like I don't know, but
that's. Different then.
She's organizing a burn. Look at that nine hours ago.
Dude. That's crazy bro.
What's going on? The celebrity meme coin stuff,
Tyler. She's doing this, it's the best
it's and I just think it's being done better than what other
people have done. Even if like and there is a low
fucking bar, like I'm not saying he'll be like she's the best of
all time or anything like that, but like if she's actually going
in there and not doing 10 out of 10 grift then then maybe maybe
it's a good thing. Like I said, I I hate the
question is this good or bad for space?
Because the morality for me is just.
Like. It's just a joke in this space,
but I but I do think you can probably make money on it.
Anyway. I got to run, boys, but I'll be
back in a minute too. Bad though, That's crazy.
So Tyler, where are we at with the celebrity meme point meta
now? Like what?
What's the latest? Mother's the clear leader now,
right? So like if if this meta
continues, I think from a training perspective, you have
to think mother is going to continue to win.
So heel's not stopping, right? So he he thought this was a good
catalyst to drop his next token Floyd along with Floyd
Mayweather. So that happened on Saturday.
I think that the positive take away here is the the market is
getting sharper and has no appetite for for these new
Saheel tokens. So this launch, I think it
briefly got past like 3 to 4 million, like super briefly, but
almost immediately started just tanking and going down.
I saw it at 225,000 this morning.
So the, the market has no appetite for these Saheel
tokens. We saw like, I mean, Jenner got
back in the mix. So Jenner rebounded on the back
of mother. So when mother was back up at
like 90 million, Jenner was up like 100%.
But then she's like she, she quote tweeted Frank and she was
talking about bridging again. I, I, I forget the exacts, but
the, she, she essentially ruined any of her momentum.
I think she was on space with like Micah and and TG last
night. So, so they're, they're getting
in the mix deep, deep in the mix of all this.
But that all seems like noise and, and mother seems to be the
winner. But as long as Iggy and his
token are relevant, it kind of keeps the door open for others
to come in. And we saw Paul Millsap, I think
former NBA player. Now at this point, he he was
talking about bringing his NBA money into the meme coin
streets. I think he tweeted like I've
been, I've been studying for two days now.
Again, like passes the the the low, low bar that we have in
this space. I think I posted that.
That's more stunning than the average market price.
So we thought it was dead last week.
It's not dead. It's going to keep going at
least for another few weeks. And I think it's all based on
what Iggy can do. That is so good, dude.
That, that, that was, that was a good one.
I, I, I listen, I'm, I'm studying, I'm here, you know,
I'm, I'm looking, I'm looking at this.
I, I, I'm, I'm, I'm entertained. I'm into, are you entertained?
Are you entertained? I I feel like we're
entertaining. I mean, this summer's been.
It's been boring. I mean, yeah, we're chopping,
right? There's not a whole lot going
on. There's not really much going on
in the NFT space. The tokens are driving all of
our excitement right now. And it it gives, it gives us
talk and had something to talk about.
And I mean Paul Millsap and his NBA buddies are going to buy
with and and Shark Cat and I mean, go for it.
Yeah. Thanks, Paul.
Yeah, exactly. That's so funny, man.
Wow. That is that is, that is just
hilarious. But hey, congratulations to
everybody who cooked on that mother.
I mean it, dude, there must be some news right now.
It's going crazy right now as well, I'm sure.
It was 65,000,000 this morning. So it's up 30%.
It's going. Nuts.
Right now it's up. It's up 20 points to the last
hour. Yep.
Wow, look at. That our new crypto mother, that
that's, that's how she's being branded.
I mean, look at this, look at this dude, that is crazy.
But if you think about it like there aren't any, like there
aren't many prominent female figures in the No.
So it's a narrative that can work.
Yeah. And I'm not, this is not me
saying that Iggy is a is our crypto mother and we should all
look up to her as our mother. But it that narrative is not a
hard one. Yeah.
I mean Kevin here HTK Evan sorry one of our listeners said.
So my understanding is she close her only fans and change her
only fans link to the mother telegram.
Wow, since she was apparently #1OF girl, that is actually
insanely bullish for the token. So that's what by the way,
NFADYR also off. It's me just reading on the news
that I'm getting live while on the show.
So that's what she did, Tyler. That's real like that is that
seems mistaken from the tokens she had, she had one of the best
only fans right she was making. Like she's looking bad, dude,
that is crazy, bro. That is, that is crazy.
I'm seeing another listener here.
She's actually pretty cool from what I've heard on the spaces.
Yeah, from from what I've heard on the spaces too, Like I've,
I've honestly like I've been obviously since the first day I,
I heard that remember that that night they were on split for
like 3-4 hours like, and everybody was making fun of that
space. And then turns out that, you
know, that was actually not bad. I was actually saying, damn, I
can't believe I got shaken out of my train doing fun because
the motherfuckers on the timeline were funning the shit
out of this. Oh my God, dude, I'm coming.
Back in I'm I'm back. I got in Saturday morning.
So oh nice, you're in. So I am a mother token holder.
I like that. As of Saturday, I, I think this
it's, it's become when I saw the rebound, I was like, OK, there,
there might be something here. God damn, dude, that is that is
so fun. That's great.
That was a good one. Good for you, dude.
So what what else is going on? What else is going on around the
clock? So you were you were talking
about, I mean the biting thing we talked about it.
I mean kind of like whatever we we took that to the chin kind of
sucks. That became a crypto.
Crypto became like a full like, you know, a political thing.
We have roaring Kitty. We have breath passing a billion
dollars, which was pretty impressive and photon.
So tell me more about Photon. Yeah, well, we don't have a
whole lot of news other than they posted this kind of cryptic
teaser yesterday, effectively alluding to a token is coming.
I think there it is. Yeah.
Super basic tweet. The the feds aren't the only one
about to send the stimulus checks.
So I mean, that's you have to assume that's going to be a
boost for the, the slot, I mean, coin ecosystem, right?
I mean, that's the the the, the boys in the trenches who have
been using that, that token bot. I'm not really a power user.
I'm more of, I kind of wait just for tokens to, to to make those
initial moves and then I'll just kind of follow.
So I'm not going to be a beneficiary of that one.
Yeah, but a lot of, I know a lot of folks who who will be.
Oh yeah. It's going to be big.
No, I'm just, I'm at the same same boat as you.
Yeah, it does look like it could be a token.
I mean, if you look at the comments, right, If you just
look at the reply that they're giving people.
It's like, you know, like I was like $1.00 point of thought.
Like, you know, the whole frantic thing was funny, but
like, you know, replying, you know, kind of like, kind of
like, you know, teasing in the comments, like, you know, going
back and forth with people, like, damn.
We we need the free money we haven't gotten, we haven't
gotten air drops in what feels like an eternity, though it's
it's probably two to two weeks when.
Was the last time your free money?
What was the last one? I can't even remember the the
last big one for me was certainly for in tech.
Fantasy top was not bad for me as a hero.
What? What is going on in Fantasy top
these days? You still playing?
Quiet so main main Tourney 3 ended on Saturday.
That would just score. I came in 70th.
Nice, I was a. Little disappointed I was.
I was Top 40 on Friday and then I fell like 30 spots.
So I, I've been defending the game quite a bit.
You know, I, I think from my perspective, we, we got to learn
what's coming next. Like there's no tournaments,
there's nothing in the lobby right now.
And it's like interest daily, daily users are, are at Lowe's
right now and understandably so because there's, there's not
anything to do And like the play like we, we want to play.
It's like I'm doing pretty well in the 22 day.
Well, you're cooking this one, dude.
You're absolutely cooking. I mean, I'm showing up to you.
I got you. But I found.
Out Sam, any of these stats, He's been my biggest horse.
He's going on a two week vacation.
No. So that's that's one of the
risks of playing heroes in 22 day tournaments is that they're
gonna play the first half and then go on vacation.
So I played Pac-Man into Blast TG, that's why I put him on the
22 day. Yeah, that's smart.
I mean, he he could absolutely cook there in the in the final.
I mean, you're right. What's the latest that they're
let's see. I mean, they, I think they put a
post out this morning. No, let's see.
I think they said the rewards are coming soon.
I didn't have them when I checked right before the show.
Along with a little surprise. With the fire, so I think
they're we think a burn is coming, which, which would be a
big saw. I think one of the biggest
complaints against the game right now is that the new
heroes, Heroes 2 and some of the better players just don't have
enough cards. You you can't make rares, you
can't make epics. So they're basically unusable in
the game. So if you can burn some of the
the lower performers from the Hero 1 cohort exchange for
Heroes two, I think a lot of folks have been rooting for that
to happen. So that would spice things up.
We, we got, we got to get some more tourneys.
You know, if it's common, if it's main tourney 4, if it's
some new daily stuff, we, we got to get more action out there.
This folks won't play the the people who are still around.
I think they like the game, but we don't like these boring days.
Yeah, no, I agree. I I actually really I still I,
I'm still all the tournaments, right?
I, I, I entered the main. I don't think I did as good as
you did, but but I did OK. And for me, like it's so it's,
it's the only way that I'm personally farming gold.
Like I, I'm not really involved in the blast casino that much,
much like other people like yourself stats, you know, all
the staff and stuff. But that was that's my way of
having fun. And at the same time, you know,
participate in something cool and I'm a hero so I can make it
even more fun. You too.
So it's the same thing. And then I got my gold.
So I got what I'm at 600 gold so far just from just from, just
from fantasy top. So I can retire with that,
right. Like what's the latest poll?
That's solid. I mean, Sam upped it to $7.40.
OK, my, my 740. Like, no, it's just like now
it's just ridiculously exact because he, he had round
numbers, He had like 10. He dropped it to six.
And then basically he upped it by like 2024 percent or, or
whatever the math is to get it to 736 just because they're not
diluting it nearly as much as they were.
The jackpots aren't hitting frog.
Like we need more action in the Blast ecosystem.
We saw like a 6% Blastopians jackpot hit on on Friday.
It's just like big whoop. Like we, we, we want to see a
big jackpot hit. And it just, it feels like it's
been a really long time. Pack Moon is cooking with their
social validator with their V2. I mean, that's, I think that's
the primary thing driving up interest.
That's been my biggest farm by far.
Fancy top is my #2 so I've got more gold from Fancy Thoughts
than just about anything else. Oh.
Wow, my 2300 gold dude. Nice.
Wow. That should be a look at that.
Least a low 5 figure air drop, yeah.
Not bad, see and see, I'm not like, but this goes to show you
like you don't have to be super tapped in like I'm people know
on the show, it was really always OV, like even before you
were hosting with it. OV's like all in blast, all that
stuff. I was never big on on on blast
and the gold stuff like it's not bad, you know, 2300 so far, OK.
Yeah, that's solid. I mean, you're probably yeah.
What, you're top 3000. Yeah, 2800, you know, it's not
bad. Wow, OV must have a lot of
fucking gold. He's got a lot of gold from from
Pacman. Yeah, yeah, yeah.
The Pacman, Pacman's been an incredible trade so far.
What's, what are we looking on, on Pacman right now?
Actually, what's? It's hanging right around.
I posted on Saturday. It's basically been
consolidating in this range, basically A plus a 20% range for
the past month. Now.
The last time it did this is when it it jumped 3X in like 6
days. The catalyst, so we have AirDrop
4 is coming today. So this is from the last month
of content creation. So there's going to be tokens
coming out. We should see the market cap get
a little closer to the FDV, but historically these have been
catalysts like it's been post AirDrop.
Post unlock is when we've seen the the run up, usually about a
day following. So we'll certainly see if
history repeats itself there. I think folks like the the
validating game here. You, you get to see yourself in
the leaderboard. What a lot of folks haven't put
together yet is everyone understands the creator points
side of things. If if, if the pack holders like
your tweets, you get points, you move up the validator side of
things. So you get a point per 100 pack
tokens every single day. So like I think if you hold the
minimum bag, you're getting 500 points per day and those are
going to add up the entire month.
So like, even if you don't want to play the content game and you
don't want to fish for likes or you think, you know, you're a
smaller account, you've got no shot against like the war
daddies and gens of the world. You don't have to play that
game. You can simply hold the tokens
and and start accumulating. I think ICOBST he put out a
thread it's like a 13% APR the the those daily points so it's
not bad. Wow.
And you get all the upside. It is a pretty lengthy.
Yeah, but people are curious. Can you check it out?
Beast, under score ICO. He's actually super cool.
He's been. He's pretty heavy in the farming
of gold. Yeah, he's been nailing it,
definitely. I recommend him as a follow.
Yeah, it's great. So I mean Pac-Man, like they're
they're still the most interesting thing going in in
blast for me. I think it's still interesting
that no other tokens have really seen much success.
And I'm starting to hear some chatter that the boots on the
ground, the consensus, the the consensus opinion is that Blast
is a scam chain and there's nothing real happening on Blast.
I, I disagree with that. I I even disagree with that.
I'm not. I mean, there's clearly stuff
happening on blast. Is it led by gold?
The chase of gold, Yes. Right.
So for now, it's like picks and shovels, like literally for
gold. Right.
But but does that mean that it won't continue?
Also, like, I I've thought about this a lot, Tyler.
Like, does every chain need to be so serious?
Like, can some changes be for stuff like that?
Yeah, dude, you know what I mean?
Like do you all need to do like there's an arbitrum, there's a
optimism there's already in this and that does blast have to be
like the other chains? I mean, it's got the native
yield, right. And I think someone was actually
tying that back to prediction markets.
And how interesting would it be if you could, you know, if you
had your money locked in a long term 6 month election bet and
you were earning like a 4% yield on that?
I just sent the screenshot to locksley of that.
I loved it. So like there are very
interesting applications with, with that native yield and some
of them are going to take time to play out.
And I think what Pac-Man is trying to do is, is by himself
that time. And I mean, it's starting to
work right. Like when, when Blast launched,
there wasn't that much exciting really happening outside just
pure farming protocols. And then we got fantasy top and
and like it or not, I mean, it was a pretty successful social
fied app. I mean it, it's already did
what, 8 figures revenue volume. Now we have a, a token 150
million FTV. So we're starting to have some
success. And the more time he gives
himself, I think the more success he's going to have.
OK, listen, love that. Let's see, let's see what goes
down. I mean, it's a big month.
It's in 23 days tge. So it's actually like, you know,
I think we've we've run around the clock good, but this is
going to be a man this month like this is like this is going
to get I'm like obviously Mando, it's funny.
Mando said like we kept getting slapped down some 70K.
It happened again just now we had $1000 wig down in the last
15 minutes right and again as long as we keep ranging like
that, people are going to have to find other ways to get
entertained and have fun right and and it's actually not a bad
place to to chop right that's 6370 K range like it's it's not
that bad. I do want to give a quick shout
out to the mongers out there saw the buy bit listing this morning
that's the first thing I saw this morning.
So I thought I was pretty happy about that one Tyler Price on
change actually down a bit on the day, but doesn't matter.
Not bad, you know, being able to be on the T1 right, But it's T1
yeah, T1, but it's T 1. So it's always good to always
good to to see that. But look, we've run around the
the clock pretty well already excited for tomorrow.
I mean every day, every day this week is is going to be is going
to be it's interesting. It's going to be a long, long
week and a busy one. So with that, with that, with
that, we'll see you all tomorrow morning.
Tomorrow's rope at day two, Teddy and Easter Standard Time
for another episode of FOMO Hour on rock radio.
Let's go.