Yo-yo, what up? What up?
Good morning. Good morning GMG.
What day is it? Tuesday.
It is Tuesday, May 27th, 2025. Look at that.
Another beautiful day to have a beautiful day.
I got my coast and house. Tyler, good morning.
How you doing today? I'm good.
Nope. What's going on?
Music still going? Music still going OK, OK.
Oh no, it's not Tyler. How you doing today?
Good. It was a nice long holiday
weekend. I felt like things were a little
slow. We were kind of just chopping.
And then this morning, my God, the headlines are pouring in,
folks. Perhaps a waterfall, a waterfall
of bullish crypto headlights. We'll, we'll need Tyler to do
the road because it's not giving Tyler Armando's or music's
voice, just yours broke. So you need to jump on a road
Tyler and switch over. Oh shit, I'm.
On I'm on it. It broke you on mute?
Yep, Yep. All right.
Check, check, check. Yeah.
OK, so clearly, hold on. Clearly the stupid fucking
little Apple official Jack is not it.
It's funny because this one is the same and works with this
one. It's for the new iPhone.
It doesn't work. So it doesn't give you guys.
Oh, well, I guess we'll buy the you green version.
Try. And if not, we'll stick to the
old phone when I rode. All right, Well, anyways, you
were saying yeah, Marcus ripping this morning.
A lot of headlines, 110K still. Wow, we got a lot to talk about
today. We got a lot to get into.
You know, let's go, let's get right into this other show.
We're going to talk markets. We got a lot again, like we got
a lot of headlines over the long weekend, right Saturday, Sunday,
Monday, So we got a lot of stuff to to cover with y'all on this
wonderful Tuesday. We're going to go through Talos
top 100 and and how I ended up top yapper again this weekend.
It was great and top yapper. I, I got myself another little
gold medal. Yeah, I'm collecting them now.
You know, that's 2 gold medals now, Tyler, maybe 3, three, I
think after the Trump interview too.
If yap was, was yap yap around then I don't know.
Was it? Maybe it was Anyways, so that's
not bad. And and then last but not least,
oh, giveaway. So we'll do one.
We're going to keep 2 for Friday.
So yesterday's we'll just move to Friday because Farkle and
Fridays, you know, so farkle and Friday is more fun to have two.
So we'll do, we'll do. We'll do 1 today.
We'll pick someone from the audience to come up and win some
money. If you useit.com use code FOMO
hours, by the way, is now on Kaito.
So there's a lot of stuff going on there.
And then last but not least, this show is powered by this
show is powered by let me tell you what's powered by if my
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of what's next. Tyler, we're going to go
straight to you straight to the topic straight to the market and
see what's up and crypto analysis.
Tyler T on FOMO hour calls the kids paying.
Folks, crypto majors are green this morning.
A slew of bullish headlines pouring in.
Also, markets reacting to Trump delaying those EU tariffs that
came out yesterday. Those are going to get delayed
till July. We got Bitcoin 110K, ETH
outperforming up 4 percent 2660, Solana up a percent at 178.
We have Cake, Q&T, Injective and Ave. leading alts.
Hype Hype was the talk of the timeline this week and it hit a
new all time high at $40. Briefly hanging out around 3850
here. It was the single top mover in
all of crypto on the week, up 43%.
Folks, more and more institutions are buying Bitcoin
and crypto. So with Trump media breaking
right ahead of the show, they announced plans to buy 2 1/2
billion dollars worth of Bitcoin.
Wow. We had Jack Molars and 21
capital say they're aiming to acquire up to 100 billion to get
5% of supply. Michael Saylor they bought 4000
Bitcoin in the past week, 106 K average in Group completed a $63
million bond issuance. Buy more Bitcoin and then you
have the next strive announced plans to buy $750 million more
of Bitcoin. And now just in this morning,
the new Ethereum micro strategy just they have formed.
It's this company Sharp Link have teamed up with Consensus
and Joe Lubin. Papa Joe.
They have plans to buy $425,000,000 worth of Ethereum.
So I mean, a wild laundry list. This is clearly the the biggest
trend in crypto right now. So we're going to keep watching
that. We'll dig in here later in the
show. Other headlines Coinbase facing
a class action lawsuit from stockholders stemming from that
data breach. Expect more to come there Recent
research by Google in the case that quantum computers may they
may be able to break the RSA encryption 20 times faster than
previously estimated. So we're going to continue
monitoring for that. Just in before the show as well,
Circle officially filing for IPO, It looks like they're going
to come out somewhere in the five to $6 billion range.
Also squashing those rumors that perhaps they were being shopped
to Ripple and or Coinbase. So it does look like they are
going to move forward with that IPO.
In token air and protocol news, a lot of info Fi action this
weekend. So Huma Finance debuted, it's
Huma token, $630 million FTV. They AirDrop Kaido stakers.
Infinex opened its AirDrop claim for their you patron tokens to
Kaido Yappers. We had YEET make its debut along
with this new info fi protocol LOUD.
Loud's been all over the timeline.
So those are three huge pieces in there.
We've got Axiom, they generate their first $100 million in
revenue, just four months. So Axiom has been really taking
off the REC brands. They're coming stateside, folks.
Rec is coming to LA June 19th to 21st.
So put that on your calendars. Rounding this out, AI memes and
entities, AI Mark Cap kind of hang around the same, right
around 12 billion. Tom Brady has now invested in
Catina Labs which is an AI native finance start up Co
founded by circle Co founder Shawn Neville.
They've raised $18,000,000 to build autonomous agents that
execute crypto transactions using stables mean leaders
pretty much even on the weekend lost coin even believe that
founder Pashnak teased a flywheel incoming that did pump
the launch coin token back to about 220 million or so.
And then a bit of NFT action. So first shout out to seed for
his he re upped his $2.75 million loan against this 7
trade punk. I think that is the biggest NFT
loan on the books right now. We had bad bonds, a notable
mover. They jumped 170% of the .28 ETH
as the unofficial Omega ETH antique collection.
And then these future Mons. What is this collection called?
It's the new Pokémon Supermon, the Supermon 150 ones.
Yes. Zero point O 19, they ran all
the way to 1 eighth. Those were the top mover of the
day, so there was a lot of action.
We're so back, baby. Yeah, shout out to 8th Ventures.
He's a French artist, Cool dude. So I'm on Instagram too.
He's like really viral there because he like, hosts all his
art on there. And back then 2021, he made me
an honorary. And so I saw him pop out this
week. This morning I was like, well,
shit, wait, I still have my shit in the vault.
So you made me that, which is super cool.
So love to see, you know, NFTS things NFTS have been around
like the entire cycle, just not the NFTS that we bag held since
2021. There's been so many sales that
you've talked about, you know, like even this weekend.
I know if you that's one thing that was in the top.
Your top here is Red Bull and abstract at the Monocle F1.
They minted like 2050 thousand NFTS on abstract.
Yeah, so I'll show you, but it's it's just stuff like this like
we may not see right away because it's not like pumping
our bags or whatever. Oh, sorry. 896,000 NFTS were
minted this weekend during the Monaco carpet on abstract.
So it's this one 806,205 Red Bull Racing digital collectibles
claimed during the Monaco company weekend. 240,000 new
users on board into crypto by abstracts in just seven days,
most of for the first time thanks to our three seconds Web
2 friendly onboarding. They don't even realize they're
on chain. So they minted out like this new
Red Bull NFT via gate IO. So it's the strategic
partnership between gate IO and and abstract shot the gate.
Also one of our partners on a few things.
We've had them on the show a few times, Kevin Love that guy.
And then and then also, you know, abstract obviously,
because we're building on there. But you know, so you know, NFT
is you know, the technology. We've talked about this a lot.
You and I ran on the show, but still around.
We may as well start there. What else is new in the world of
the NFC? So you do is a Superman project
from 8th ventures that did good. I'm seeing stuff with the hype
POS on hyper liquid then like like this Bunny for mega ETH.
So tell me more about all this. Yeah, there there was a lot of
action. So you're showing this 8th
project the the. Superfund.
Yeah, here I can send it to you. I mean, you're turning.
You're turning on Openc as. Well, OK, so let's just go
there. It's like this is like standard
abstract style of art and he has prior collections like you
alluded to. I guess the tie in here is to
Pokémon. I will admit I am not a Pokémon
guy so I I don't see the connection here.
I don't really understand it, but apparently there are a lot
of Pokémon fans out there enough to drive this NFT.
Collection A. One eighth floor, granted you
always have to be careful with these super low supply
collections. Yeah, of course they move up
fast and they can move down fast as well, so well.
If you're not buying for the art, you're probably going to
get like wrecked. Like you got to think about it
that way. For sure.
So if you're going to dig into this, because these things can
turn a liquid very fast, but still hanging at .79 E they they
did 55 E volume, which is pretty good.
They're really nice, man, Small. Collection.
Oh, I love it. They do look.
Good. Yeah, I mean, if, if abstract
Pokémon art is is your thing, then this is this is right up
your alley. Yeah, very cool.
They're actually very nice. It's very well done.
Love the artist, so come stuff. So there was that.
Then you shared this with us yesterday in the chat.
I went, I went him on these. So disclosure, I, I swept a lot
of these. The, the bad I, I, I saw a few
people tweet about this on the time yesterday afternoon and I
was around. So I checked them out and like,
there's obvious comparisons to like the hypeo project.
So the, the story here, these are like the unofficial first
mega ETH NFT collection. It's not, it's not endorsed, but
bread, you know, one of the, the, the loud spokesman for mega
ETH did post about his and it seems like he's embracing it,
which I think the market is taking in some of a signal that
he is kind of somewhat endorsing this collection.
It's of course using the rabbit from those mega ETH soul bound
in the teas, if folks remember those back from that launch a
few months back. So it it's kind of similar to
like the the Remilio hypio vibe, but it's using the Bunny
character. I like the art, I like the
trades. I like to tie into mega ETH and
it's it caught a little storms up 170 percent, 150%.
Very cool. On a day .265 and we'll see
where these things get. Trade and then hype PO.
Is it also on the open sea that you buy those?
Oh no, you. Can so I don't know the full
story. So I think if you hold these on
hype, they've been getting like AirDrop aloes.
Yeah, of course. Not super plugged into the
details on that but I saw them like on open sea they're
training at 3.4. That's a 5000 supply collection.
The the bad buns are only 3000 which I did like that that more
limited size. Damn, NFTS are cooking.
Look at that. Some action I've got some chats
saying hey I I feel some NFT FOMO for the first time and I'll
be honest I haven't swept an NFT in.
Dude these are still holy shit. Yeah.
I'm impressed by the activity on those.
Let's look at the board. I guess DJNS hold on, let's look
at the ETH NFT board here of fuck is not loading.
Hold on, Let me just go back to open C, But how's the, how's our
Ethan FTS holding up like I'm curious about the legacy
projects, right kind? Of sideways, yeah.
I mean, punks are even. Punks are 46.7.
Board apes caught a little bit of a bid this weekend, they're
at 13.7. Pingos are right around 10.
Yeah. So.
Yeah, you got to go by volume they.
Are doing is they're they're holding their ground in the ETH
grind up. So in U.S. dollars they are
going up. Yeah, wow.
Top offer on a Beeple Genesis is 40 E right now that I I'm
sorting by top offer. It's actually solid everyday.
Top offer, 37 E Fidenza top offer 26 E interesting.
Broken Keys 20 E top offer. Wow, like those are this is real
money, right? Top bid is like an actual ask,
an actual bid. So grifters top offers at 10 E,
but the floor is 19 E It's not bad.
Pudgy Penguins at 10 yeah wow. The remnants 70s Wow.
This is interesting. Like how our collections like
and what's the punk that? Well, how's our punk ape punk
Bitcoin. Good, thank you for asking. 124K
how about that? You're very welcome.
You're a little 14% lead on over over Bitcoin.
Yeah, that's Dave held strong at that point.
Anyways, Mando, good morning. How you doing?
I'm doing great. How are you, man?
Fantastic. Phenomenal, incredible.
Great, lovely. Feeling fucking amazing.
Honestly feeling amazing. Aside from the fact that I
sprained my back last weekend, which really sucks.
Boys, don't sprain your back. Be careful.
I can't lift a single weight for a week, maybe 2.
So aside from that, boys, your boys little handicapped.
But you know, feeling good though, feeling mentally we're
here, OK, physically 60%, but mentally we're good.
Anyways, so let's go towards the market.
I mean, Tyler, you mentioned it, so let's repeat the headlines
out. Then we'll talk markets with
Mendel and stuff. But like we, we woke up to a
raging pump this morning. Like these markets, I mean,
sheesh, this is incredible. Everyone's buying.
So the big announcement, Trump media, this was somewhat leaked
yesterday from the Financial Times, but confirmed today
they're going to build a $2.5 billion Bitcoin corporate
treasury. It looks like they've they've
got 50 institutional investors private placement offering.
It's going to be 1.5 billion common stock, 1 billion in
convertible senior notes they're going to use crypto.com and
Anchorage digital for for custody and it's expected to
close on Thursday, May 29th. So this is coming soon.
And that's two and a half million.
And then Vivek Strive also announced 750 million in in new
Bitcoin demand on their side. This comes after Sailor, of
course, he's continuing to buy. He went and bought half a
billion this week, still a massive amount.
And then just more of the smaller companies.
And that's on the side. And then on the east side, it's,
it's this sharp link gaming, which this is the new trend.
These are these micro cap companies are, are teaming up
with larger investors and they're spinning up these new
acquisition vehicles. And they partnered with
consensus and Joe Lubin. They're going to buy
$425,000,000 worth of ETH, which I think is this is I believe the
biggest one of these acquisition vehicles to go after Ethan this
size. Yeah, so Joe Lubin starting the
ETH MicroStrategy, you absolutely love to see that with
400 and fifty $25 million acquisition of of Ethereum for
Sharp Link, you absolutely love to see that.
Look at that Mando Papa Joe's to the rescue.
Love to see it dude, big news, big news.
It's a It's a good day to have Joe Lubin as the second biggest
name on your cap table. Let me tell you that this is.
A really interesting trend to see like how these companies are
going to continue to manage this and and move forward, right?
And I mean there are different levels of this.
So like Joe Lubin is probably a different tier than some of
these other companies. Of course.
Who are spinning this up right? These acquisition vehicles are
going to look great in a bull market and the numbers keep
going up. Yeah, and they're going to look
a little worse and things change.
And I think it's becoming one of the biggest risks we're facing.
This is what's going to happen to these companies in the
downturn. Hope that's something not to
deal with for a while. So let's talk about this, right?
Like I'm curious your thoughts both of you guys on this.
I mean, I don't have that many thoughts on it personally, but
some of my expertise. But a lot of people say that
this is not going to sustain all these crypto.
Like obviously, like the Bitcoin ones start to get a little
crowded. Like you had MicroStrategy doing
it for years and now you have the Vivec, you have the Trump's,
you have all these random companies and you have the
French 1, the blockchain group, like a lot of ones for Bitcoin.
So Lana looks like there's just sole strategy right now, which
is like what? It's pretty good.
And then now Ethereum has a player in town as well.
What's your thoughts here? Like a lot of people are saying
this is not going to work. They're going to trading
negatively soon that on the down trends is going to break up
break out. What is your thoughts supposed
to be on like this whole new reverse back we could call them
Almost like to buy crypto via treasuries.
Yeah, if you wanted to. I'm just curious if you guys
think it's going to work out it. Feels like it's going to drive
parabolas up. And then it would also
potentially be if that's going to drive parabolas back down to
me, that's just my gut feel. It's pretty untested, right?
And they're all going to have their own different terms and
how they're going to operate. So it's hard to just make a
blanket statement. And like we, we talked about
MicroStrategy at length on the show, It doesn't MicroStrategy
is fairly safe, right? It's going to be very hard for
them to become for sellers. We would have to look at the
individual deals for all these other companies, but they feel
more likely they could have to be face the situation of their
for sellers at some point. The other aspect people are
starting to pile into these stocks versus the the crypto
assets, right? So you buy sharp link stock
instead of buying Ethereum. A lot of these companies have
been trading over book and then there's folks like Stats who
think that premium is going to go away very soon and then they
should in fact be trading at discounts to to their book.
With the difficulties they'll have in selling based on their
size. So I think that's one of the
risk factors here as well is, is what happens to the the the
publicly traded companies and folks who are buying into those
like this. Sharp Link stock is up 460%
today on the back of this news. Wow, that is pretty big.
What do you think, Mendel from like your financial background,
all this stuff like your trader background, like you've seen a
lot of different shit, it's back, etcetera.
Like you do you like this new model here?
I think it's it's just because of what happened with Sailor,
right? Yeah, that's it.
Because Sailor trades a 2X book like all these companies are
coming in to try and do the same thing.
I I think this is going to continue until it goes wrong.
Basically that that's everyone thinks they can just do what
Sailor did and just logically that can't continue to have this
premium. These these things are no better
than ETFs and yet they're, they are somehow being valued AT2X at
their book value or higher. So I I think everyone's going to
try and do it. But you think it's going to be
sustainable, like what happens in the bear It's.
Definitely not sustainable. It's 100% not sustainable,
that's the point. And in a bear it can be really
bad. Like this?
Yeah, I feel like the next bear is going to be disgusting
between the ETF sell off and this.
Well, if they start trading below, people always think that
in a micro strategy is traded above NAB.
It hasn't from large portions of it's history, it's traded well
below NAB. And now, now micro strategy
doesn't have a huge amount of debt, but some of these
companies are going to be very have a high amount of debt in
their in their structure and there's going to be incentive
for them to actually sell off the Bitcoin and and repay the
debt if that happens. So yeah, definitely be aware of
that. Yeah, it's definitely something
to be aware of, but for now, we'll celebrate it and it's
good. Speaking of Bitcoin and all
these companies I shared, I shared this chart on the
timeline this weekend. I know last couple weeks a lot
of people called for BTCDBTCD top and an out season, but I
don't know boys, looks like we're looks like bitcoins ready
for another melt up. To be honest.
What are your thoughts here? I mean, looks like I don't know.
Bitcoin does not look anywhere done here.
It's barely hit an all time high.
When do we where do we think Bitcoin kind of like pico tops
here? I have my ideas.
I'm curious what you guys think. I don't want to make a call.
The M2 chart shows us maybe going to 120 K this week.
Oh, you did share that chart this weekend.
You did share that. I saw this on your timeline.
Where is it? We'll have to scroll a little
bit. There it is.
No, it's right there. There you are.
So that we had the dip to one O 5.
Yeah, and. Then looks like a we go
vertical, so for following two. I like that Mando do a dear to
the M2 chart. So far so good.
It's. Been right so far it's been
right so far I, I do think it's going to take a lot for it to
sell off significantly yeah, but I you can get.
They barely could sell off right, like I like this blunts
chart, which this just happened, but we barely could sell off
right. They just wicked James Winn, big
James, which we'll have to talk about his weekend Tyler, but you
know, they kind of haunted them yesterday and that's about it.
Boys like that. What was the dip yesterday was
like one O 6. One O 7 five I think.
Yeah, we didn't go. Yeah, one O 1 O 6/6 on the 25th,
which is not yesterday, it's 2 days ago, Saturday, Sunday.
Yesterday was one O 7 five. You're right.
We didn't even retest the one O 4 like top of the old range.
So we're looking good boys. And the words of rookie, they
find it crazy that Bitcoin will trade 114K this week.
I find it crazy that Solana will trade $200 this week.
I find it crazy that fuckin will trade $2.00 this week.
Where's Ethereum in that sense? 28293000 maybe?
What do we think? I mean, Ethereum has a lot of
bullish momentum going on for it now on top of that, now they
had. Ethics.
Pretty good. Perfect K. 3K in that if if in
that scenario all those numbers said, I think 3 Ki.
Agree with you guys. I mean look at the setup boys.
As a matter of fact, you guys want to see something funny.
It's the exact same setup on Dodge and on the East.
I was looking this morning at Dodge.
Oops. Yeah see see this set up is the
is the exact same charts boys, have you guys realized this?
Look at this now look at this right there right here.
Little favorite man Tyler's little cup and handle on both
little bull flag. What is that bullish Pennant
I've learned and over the over the last couple years on CT so
that E looks good here, which means Pepe looks good here as
well, which is probably mog looks good here as well.
All the same chart which means also erect.
This is crazy. It's crazy how Yeah, it's crazy,
right? Pepe Mog and Ethereum are the
exact same setup on all three, which kind of validates Mando's
point that Ethereum itself might outperform its memes for a
little bit because it's just going to stay move up.
And then wrecked, which touched its all time high and it retains
a little bit. And I was getting ready.
So the shipwrecked announcement in the Los Angeles looks like
wrecked Rick Brands, it's coming to LA.
Tyler, you, you had this in your topics.
Today, Rick Brands has come to LA.
Something's brewing June 19th through 21st.
This comes on the back of their their new Shipwrecked a drink
flavor. I don't know if I know the
flavor yet, but that's that's the name of it.
I wonder if it's just broccoli water, but I don't know.
That's my gut. My gut is this is this is just
your your standard soda unflavored.
That's my gut. So we'll see if if that pays
out. I think it's clear that a new
drink launch is coming soon. I don't know if it's going to be
timed up with with the LA event before that or or after.
What folks may may not remember is that in past doesn't always
indicate future, but the last drink sales have been followed
by buybacks. Yep, and I saw someone share
that like the wrecked treasury for marketing is up like fucking
millions of dollars. Well obviously I'm not the exact
direct flywheel Mendel am I right?
I saw someone say 45,000,000 but I didn't want to quote them
because they didn't want to know if I was.
I didn't check the chain myself but apparently wrecked.
Obviously as a marketing treasury and with it being an
all time high, it's like an absurd amount of money in
marketing. Well, think about the flywheel
we already kept a very large percentage of.
The offering. Treasury.
But then we also did buybacks and we did buybacks kind of
close to the lows, right? Yeah, so yeah, you're right.
But one 1.8 trillion for 100 grand.
That was literally the fucking low like.
Right. We, we, we've got a couple of
those, right. And it's gone up a lot since
then. So I think those are up like 5
or 6X those those purchases. Yeah, there was also the
flywheel. Little Twitter's been broken, so
it's hard to. There it is.
Yeah.
So once you then do that, you
can, yeah, the flywheel can. I mean, that's just a bigger
marketing budget for us right now.
So we have a lot of treasury. To incentive There it is, it's
here, it's here. Reward pull increases, currently
38% of the token supplies held for future community rewards.
That's $44 million at current FDV.
Yeah, this next drink. So the last drink sold out in,
what, 20 minutes? Thirty.
Minutes. 40 minutes. These next ones are going to
sell out in half of time. Yo, we need a market on that.
And that's going to generate more headlines.
We're just going to generate more attention.
Yeah, after the token goes up, the rewards pulls bigger and
then the next drink sales going to sell out in half that time.
I can't wait for one minute. So I'm out on the buzzer.
So we're selling out in the. How are the How are the NFTS
doing? We're curious.
We're going to spike gas on Ethereum by the end of this
thing. That's not bad by the way.
Like the rec guys trading at .43, this actually should be
trading way higher if you were to, if we're in 2021, this like
obviously love Pudgy, but if Pudgy is trading at 10 eighth,
why is Regat trading at .4 eighth?
We're in eighth. Yeah, they're 2013.
It's like. The red guys have not kept up
kept up with the coin so far. Well, because do they get you
something? Do they get you a multiplier?
I mean, the pudgy don't get you pudgy points or something.
So they shouldn't. Vibes.
This is low. This is low, but I guess people
rather buy the token, which makes sense as well, right?
Like if you have to pick between .4 eighths into a token with
NFTI, guess it's, you know, join the community, you buy the NFT
like that, you've done well the token, then you buy the NFT,
right, to like participate more. I guess They have the golf
tournament today. I wish it was there.
I was invited but couldn't make it all the way there.
They have a golf tournament going on.
And in other news from France, Kaido Mandel pull the trigger.
You kind of hinted at it on the show, I think a couple weeks
ago. Tell us more.
So actually, I'm curious because you've decided to pull the plug
and do it. Why are you doing this?
Because a lot of people ask, like, we've talked about this
with Tyler on the show multiple times as a founder.
Yeah. Why did you decide to do this?
Yeah, good question. Because we we thought about it a
little bit beforehand and then we thought it was kind of worth
it. I think there's two things.
So firstly, just for general brand recognition, like most
people have like their own native social program, We felt
as though remember the the reason why portal method where
you do it yourself. We felt like those are the ones
like losing focus to these, which were like Pan X all across
all different projects, all across all different influences
and people paying more attention to it.
So we were drawn to these more naturally.
And then secondly, so, so there's, there's two different
products here, right? So there's the Yap leaderboard,
which just gets you a leaderboard.
Which is this right? Yeah.
And that there are some incentives within Kaito for
that. But but what you can really do
here is, is if you go down to Kaito Earn on the left hand
side, you can actually run specific rewards campaigns for
people on the those leaderboards and you get to your own
affiliate. Program, Yeah.
So what we will be looking to do over the over the kind months is
not only have bring in rewards for people who are talking about
us the most, but also have rewards for people who are
linked to our affiliate program via Kaita.
So for a business model like ours, like it makes it makes it
makes a lot of sense and we like those guys, they like, I just
think that they have dominated this now, I think there's
obviously slightly diminishing returns.
And if you, if you can't do the earned thing that we can do, I
do think you're if you just did like a YAP leaderboard, which
used to be like the only thing that projects used to do, it's
less attractive. But for us, like, we have a
clear reason to do it so. I'm cooking hard.
I'm right there. Look at this Sims.
I'm coming for you ass. It's going to be funny when I
flip keyboard monkey. So ideally in like a month's
time, this will have rewards for people who are talking about us
the most on the top of these sort of lists and also those who
are driving volume to eat more directly through this.
And then and then obviously we're going to do a token.
So there's there could be incentives around that when we
when. We did, I hear token, Tyler, did
you hear that? I mean, we've been pretty
explicit with the token, so. Did did I hear this?
So wait, did you tell me there's two tokens coming out of this
show in the in in Q in in 2025? Wow, you so you're telling me if
you pay attention to FOMO hour, there's like Marriott and heat
coming out of it? Is that what I'm getting out of
this? Damn.
That's what you get, brother. I would probably pay attention
to Soma. Yeah.
You know, I wrote a tweet about it yesterday.
You know, Rex has already shown what's coming out.
You know, you guys are coming out and we're a little behind
you, but that's also coming. But I like.
So my other question for you, Mando, on this, I want to stay
on this topic quickly. Yeah.
A lot of the criticism Kaito's gotten for the leaderboard is
that it's human slop. So have you seen?
Obviously, all of a sudden I see a ton of like post about eats,
right? Is that increasing user
engagement, not just engagement on Twitter, but have you seen
this effect? I mean, it's too early to say,
right? But are you seeing I'm?
Not sure about it. Clearly there is slop out there
like clearly there is. Clearly it's this farming of
this and people's. I think the difference between
the ours is less of a. So we have a, we have a fully
formed product, right that generates revenue to $100
million of volume like it is fully formed.
I think where this can get annoying is when there is no
product. And this is cool.
And it's just about talking about the thing.
So for us, we can, we can change it to being way more directed
based on like all right, you're not only talking about us, but
you're also actually driving revenue to the site.
And that will be better accounts in terms of engagement.
If if I couldn't do that, it would be less attractive because
then you are really just inviting more low quality slash
slop style content. Whereas that affiliate tie in
that Kaito earn thing really works on both sides.
For us. It means that the people with
the most reach who can actually drive volume to the site,
generally higher quality accounts will gain the most and
you'll only really see that sort of content.
You won't just see like lower value.
You don't know if it's an AI bot or not.
Or at least the post has been written by.
AAR. And I would say about one in
every 10, two in every 10 things that I saw yesterday from me was
like was wrong. But but that but that's still
like we, we saw a massive uptick in sign ups, massive uptick in,
in volume, in engagement on social media.
Like it's been a big, big win for us.
But you, you have to get like, you have to be honest.
But like, yeah, it's like perfect.
It's true. No, you're right.
It's because a lot, I think you made the best point.
A lot of these people pre leaderboard in the leaderboard
don't have a product. They're just talking about some
L2 or L3 or some product that doesn't exist.
But if you have the product already and it's well formed and
people can use it and you can cater it to that.
I don't know if Tyler, you had any questions on that because I
know it's something you've covered.
I I wasn't sure what kind of yeet content I'd see and so far
I've actually seen a lot of good content like people.
Talking about their. Strategies people talking about
like what games they're playing. Yeah, I feel it was all out,
like he's fucking. Which I think is good marketing,
right, because I mean, we we show off the games on this show.
But I think for the average CT user who's not deep in yeet,
they probably they may not know a ton about like the different
offerings. And now you've got folks sharing
some thoughtful content. I haven't seen any slop.
I'm sure it exists and I haven't been combing through it.
It's I. Wouldn't say necessarily slop,
but you can tell that like it's just they've just tried to get a
post app so it's like. Yeah, I mean, you have stuff
like this, right? Like, and that's not bad per SE,
it's good publicity. But it's like, you know, now
they'll, you'll get a lot of these posts, right?
Yeah. And there's been some confusing
that we're not. There was another Yeep project
which was on Baritain. For a while.
So like the other one was like, oh, the first project on
Baritain. I'm like on Baritain guys.
But to me these are good like because even though some people
may consider a post like this slop and that by the way, I'm
not pick single picking on someone, right?
I just first one I picked out that came up to me.
These are good as publicity, right?
So reminding people, yo, these guys raise up money.
There's all these people like, I don't know this.
They're not necessarily bad either, right?
So interesting. All right.
Well, look, looking forward to this is probably the first
leaderboard I'll participate in so.
You should maybe get FOMO on on on Kaito too right?
Well, can we? I actually don't know I.
Wonder if FOMO I can win out of this.
That's a good, that's a good call because we do all these
giveaways anyways. That's that's yeah, the 10K
poker I was meant to play. But I have a very, very, very,
very, very important meeting that I can't move.
So sadly I had to tell Ben that I can't make it.
But I really wanted to play a poker tournament with you guys
today. Fuck, I'm so annoyed at that.
Sounded so fun. But anyways, Tyler, what else
did you have for us? Feels like there's still a few
things we haven't covered, but we've covered a lot.
I was on the wrapping up this Kaido topic I think.
Just, oh, amplifying. The rewards are real so like
Huma finance they debuted their human token it it came out
something on FTV. They gave a good chunk to top
yappers and the Kaido stakers. It seems like a lot of rewards
are being funneled to Kaido stakers right now, as well as
the Kaido NFT holders. And we saw those NFTS are back
over 3/8 and then the Kaido tokens hanging out around $2.00,
two billion, which is is pretty damn strong.
And now Infinex, they launched their claim this morning as
well. They're doing a $6 million
campaign, big Mando and I both got some tokens there.
They're not tradable yet. You can go claim them, but you
can't, you can't swap them. But like, I went and played
around the Infinex product this weekend just kind of on the back
of that. And it actually is slick.
And to me, this is a sign of these programs can work, right?
Like I was probably very doubtful to be an Infinex user
without this campaign, if I'm being just totally blunt.
But because of this campaign, I gave it a shot to see like, OK,
what is this thing? I was like, hey, I actually kind
of like this, this is smooth. So I do think that these types
of campaigns can definitely work for these protocols.
And then we've got what is the one that everyone's going to see
on their timeline, if you haven't already, this is from OX
Ultra. It's kind of like a moon style
project. It's got its own flywheel.
So basically what they're going to do, they're going to launch a
token, they're going to charge fees on trades, and then they're
going to take those fees and they're going to give them out
to the top 25 yappers every week.
So they're going to try to generate attention.
People who are best generating that attention are going to get
the fees, and they're going to try to run this token up.
I think of course there's been a lot of people talking about
this, There's been a lot of bull cases.
I struggle to see why anyone's going to buy this.
I mean, of course you'd buy if you think the number is going to
go up. It's already hyper competitive
to get in the top 25. Like I don't think I've got to
be top 25 on this. And if I if I can't be top 25
and I'm not going to be getting the token awards, I'm going to
go buy. I'm going to go buy this.
So top the appers can just dump on me.
Yeah. I don't know.
I did the comp to Pacman. I think people will kind of
forget like Pacman had those other incentives, right.
So we were getting those blast jackpots for holding that pack
moon token. When you do this, you have to
have something else. So we'll see.
I don't I'm not just coming out here to flood like it's an
interesting experiment. And then along these lines, back
moon guys are back. They're going to do something on
Hyper Liquid. I saw Bobby and and Lambeau talk
about this. Bobby, Biggie and Lambeau,
they're, they're running it back.
On hyper liquid projects XHL. Yeah, we don't know anything
else about it, but they've already got 15,000 followers.
So clearly they're good at generating hype.
And I think the other story, this kind of maybe sags back to
more of the market talk. Everyone's bridging over to
hyper EVM, but I don't know what they're doing over there.
There's there's a handful of tokens that have done well.
I will admit I'm not actively trading hyper EVM so maybe.
I'm so surprised right now. Like this perp coin is doing OK?
Is it 8 and a half million? What?
I haven't seen anyone. I haven't really seen anyone
victory lapping like oh I hit this 5X or 10X on hype BBM.
I've seen a lot of people talk about bridging.
I haven't seen anyone victory lap their games.
So I don't think there's some people haven't success in hyper
EBM just yet. What do you think of this take
on Sam calling? Because a lot of people are
saying, oh, like hype is going to flip soul, which I don't like
the narratives like that. But on some saying he's not like
saying it's going to flip, he's saying that hyper liquid at 12
bill is what Solana was at 12 billion.
What do you think? Is is hyper liquid at 12 billion
or is it 38? Bill, market cap is well fully
diluted is 38, you're right. Yeah, I, I think you got to pay
attention to that, in my opinion.
You're right. What's hyper liquid trading at
right now? Wow, 37 five.
Man, this chart is insane. Hey fucking wild dude.
It went down like 70% from top here.
Yeah, and just ran it back. So people had two chances of
trading because it opened at like $8, right?
That one day and you had another chance of buying at $8.
This is so nuts. Yeah, they give everyone another
chance. It, it feels like it has become
the most public trade. I know Deez ran his poll.
We talked about it last week. I think since then we've seen
more and more folks just kind of talk about how this is the
trade. It's strong.
They're doing the buybacks every single day.
It's hard to ignore that. I think hyper EVM is still in
its infancy. Yeah it is.
I was remember when I was trading on fucking hyper liquid
memes like 6 months ago for like a whole weekend with KBM.
It was so funny. They made a group check on like
hyper retards. It was just buying hype meme
coins. So I bridged there like months
ago and I did it and I just was like, OK, it's not working.
Sadly, I was six months too early.
That didn't work out for me. Anyways, the code today.
So the reason we haven't given you guys a code is because
Twitter's been broken again. And if you realize even on this
show when I go on people's pages and load their tweets.
So try the code Wrecked guy, wrecked guy, raffle ball dot XYZ
tricode wrecked guy, tricode wrecked guy raffle ball X was if
you have a chance to win while we do.
This is Speaking of win, Should we talk about James Wynn's
weekend? I mean, big James, what is going
on here? I mean dude, what the hell, man?
Crazy swings what? But what kind of TA is this?
Like this is insane. Look at these lines man.
Though this is it's some crazy, this is some crazy mental
gymnastics. So James Wayne went ahead.
He was rightfully long right wouldn't have gone liquidated
when short at the bottom closed for $25 million.
Something went long at the Pico top one O 9 K something lost
another 17 or $18 million yesterday.
Close that and his piano wants -43,000,000 a week.
He went from $87,000,000 PNL to 9 million and it appears that
he's not a 20 back of $20 million and plans on running it
back up to $100 million. Like what do you, I mean, how
does this end boys? And now he's back to calling 118
K and you was funny. His, his original thesis was I
think was right, like we're going to 120 KA 118K.
But this flip flopping over a long weekend, it's insane.
And they haunted them yesterday. I mean, he he was trading like a
first cycle momentum trader who is like, I mean, just making
basic mistakes. Like the first trader was great.
And then he flip flops late and then he flip flop again late.
And it's like, is there is this all like a, a big game, a big
act? Like there's always the
conspiracies, right, that this they're tied into like hyper
liquid and this is just a mess by the liquid marketing campaign
or that he's just some megamind. But he's not trading like a
megamind by any means. I mean, at one point he was up
30 to 40 million. 45 mil and then on the trade.
What did he end up down 40? 43 mil, yeah.
OK, so that was. The SO on his seven day PNL
yesterday was 40 negative 43 and then his all combined PNL guys
yesterday at the lowest he went from up 87 mil to just up 4 1/2
mil. He's swinging around big size.
Oh man, so they haunted him last night and we just saw that on
hyper leg when I was crazy candle and it appears that now
he's up 20 mil again for this screenshot.
Oh, he's back up. So is he long?
Yeah, and he's cutting for 118K Bitcoin, so we'll see.
We'll wish you the best, James Win.
We definitely don't want anyone to lose.
I'm saying his location price is one O 8-9.
Oh God, it can you. Which which account is it on
here? Leaderboard, right?
Is that where you see it? No.
Right. I just had this.
There's some people that make so much money on here dude.
It's no, I'm saying it's a one O 8 that might have been a little
old, but he's he's look, his look is one O 7/9/74.
His position I'm seeing is down to .1 so maybe he's got other
wallets. Yeah.
Looks like he's not going to stop.
Yeah. 100 hundred millions are bust.
Yeah, well, good luck. What does that mean for the Moon
Pig market? Moon Pig is down to 69 million.
Are you still in that trade? No, I, I when it looks like when
he closed his first position, I, I, I got out.
Yeah, it looks. Like Big James, Big Game James
is no longer your man, your guy. Moon Big was a levered bet on
Big Game James when Big Game started shooting signs of
weakness. Speaking of levered bets, I I
big. Market.
Speaking of levered bets, I I pissed off a few people this
weekend, Boys, you guys see that you.
Sure did. I, I, I, I caused quite the
controversy this weekend, which which got me #1 on Kaido, I got
another gold medal. And over the weekend, you know,
it's looks like my, my take on ordinals and, and ruins was not
very actually it was like very mixed and it was yes and no, you
know what I mean? It was, is some people took it
well, some people didn't got 2016 thousand views.
So I'll take that, you know, after after some careful
consideration and reading the the comments and having as a
matter of fact, I want to give a shout out to the few people that
had really good conversation with me in the comments, like
Leonidas and a lot of the people out there from the from that
Bitcoin ecosystem. So it was really healthy combo.
As a matter of fact, obviously there's a few people that are
really angry and that's fine. I just ignored it.
A few people like, oh, poor dude bought the top.
Little do they know is that I'm actually up on every single
thing I've bought in ordinals. But Casey literally launched the
ordinals protocol and came on our show after this in February
last two years ago with Ovie, Mendo and I.
So, so we, we, we were very early to ordinals.
We're good. Remember that one time, Mendo,
when Casey came on our show a second time, it was still you,
me and Ovie and asked us if they should change the inscription
numbers. And we took a vote together with
him and voted no. He literally asked us, what do
you guys think should we change this being a big drama?
And we all voted no. So they didn't do anything.
So that was that was epic. But anyways, I revised my
statement. Obviously, you know, students
have come at ordinals. I do think ordinals have strong
communities and NFTS on every change to thrive, but ruins I I
have to stand by my point set for dog.
That's proven everybody wrong, but it's the only one you know,
yesterday, Bongo, which I see your hand raised on stage now
we'll go to you in a second. You know, Bongo, I don't see you
sharing screenshots of the ordinals table when it's red,
you know? Sorry.
I don't know, Bongo. What do you think?
I mean, yesterday I don't think you were very happy after seeing
my tweet. No, actually, thank you for the
CTO on Ruins. Please never stop.
Keep it up. All every day.
We need tweets coming from you, Barack.
Don't stop. Please keep talking about it.
I think I will. I I literally think I will.
I will come and save pups. Someone has to.
So, yeah, you know, I this is just, you know, Trump is playing
40 chess. I'm playing 4D mahjong, you
know, as, as ordinals are big in Asia, in ruins.
So I'm, I'm just playing 4D mahjong and trying to save the
ecosystem. But anyways, I thought that was
fun and we had some good conversation.
I'm, I'm holding my 16 puppets. I'm holding my, my, my, my, my
pups, just in case we see a big spike in, in let's say Q3Q4 for
that. Anyways, shall we give some
money away? Let's do it.
Let's give some money away. Let's give some money.
Did did it work Sims? In the end, Let's hope perma
pups. Yeah, I may have to change my
pups like or something like that.