Yo-yo, yo-yo yo what up? What up?
Good morning, Good morning MG. Thursday, Thursday, Thursday,
Thursday, February 27th, 2025. Look at that.
Another beautiful day to have a beautiful day.
I got my coast in the house. Tyler Mandel.
What's up y'all? How you guys doing this morning?
Fantastic, fantastic. What about you?
I'm good, I'm vibing, I'm chilling, dude.
I'm just chilling. Nothing in bear market, you
know, We're just doing a thing. Don't hear nothing on the space,
just be aware. What?
There's not coming out your microphone on the space.
Yeah, there's a problem on Twitter.
I think Sims because like even rug, but that's weird.
I'm not doing anything different.
Let me try again. Check, check, check, check,
check. Yeah, it's working.
All right. I think.
Can I get some thumbs up? Thumbs up.
If you hear me, give me some
thumbs up if you can hear me. Yeah.
All right, All right, All right. Pinstripe seems to hear me.
Yeah. I think it's working right.
Check, check. Yeah, it's.
Definitely. Now it's going, yeah, that's it.
Yeah, yeah, yeah, yeah, yeah. It was, it was bugging this
morning. It's funny.
Twitter, honestly. Like, man, Elon, please, this
guy can land a rocket back on, like, chopsticks can fix Twitter
Spaces. You know, I don't, I think like
Jenny, like, he seems to really care about X, right?
It's like his media company, like, is the biggest media town
hall on Earth. Like at least like kind of make
the streaming better or like native streaming, you know what
I mean? Like, yeah, I don't know.
Since he's been in Washington. The it's like.
It's going straight down. Every night it like stops
working. Do you guys get that to it?
When you're scrolling the feed, it's like buggy.
It's like buggy. You feel if you think it's your
phone that's the problem, but it's actually the app, yes, you
get that. Like I just have to stop using
it sometimes, it's just so bad. There's no chance you do.
We're we're farming quacks now. Yeah, I'm double farming info.
Quacking. Drops.
I can't afford not to be tweeting every hour of the day.
We're quacking. We're quacking now.
What is this new thing with farming?
I don't know but use my code. I sent it to you.
Just sign up. Just just it's the new thing,
OK? It's.
Perfect. It's the new thing.
For Epic. It's actually perfect for Epic.
Yeah. Well, yeah, you know, quacks,
ducks, quack, You know, it's just it's Kaido, but it's called
Quacks instead of yaps and it's another chain called the Wall
Chain. I don't know anything we should
talk about. Let's talk about it for a second
after we see. I'm just we got I did DM your
code though you know Logan Snipe Tyler's the quacks for me.
That was that was beautiful Interesting that that was like
the sleekest mev in real time man.
Tyler sends a code in the FOMO hour chat.
Logan grabs it signs up Tyler's out of codes.
I come in to sign up. Logan's hits me with this code.
I have like 6000 quacks. He gets 10% of it.
Love to see that that was like mev D in real time.
I love that Stop yapping, stop quacking.
You're right, all right, let's stop the happening quacking
today on the show market report as usual, burgers woke up and
said Nope, not today. I thought we'd get through
around Thursday, but we'll see what we get Tyler's top one, 100
stick to 100 for now. Top 100, see what Tyler's got
for us Robit loot box picking, of course, towards the end of
the show, please let's win something big.
Let's get that in Last but not least, this show is powered by
galaxies. Galaxies is a web 3 platform
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They're very, very good people. With that, Mando, let's get back
to our market talk. Who is the man that called Daddy
of the Man? Can you dig it?
Yeah, GM everyone. So you're still with us.
Well done. We hit pretty hilarious level of
bearishness. I think yesterday we had a lot
of oversold things starting to flash across crypto basically at
FTX levels on the fear and greed index or lunar levels on the
fear and greed index. So I think it's probably what
people have been feeding in crypto for a while.
But it suddenly did permeate through to to to Bitcoin.
The lows was about 82 K yesterday on Bitcoin, it's yeah,
82 K It bounced and then tried to sell off as we over the last
hour or two just because Trump has kind of come out and said
tariffs, tariffs, tariffs. Tariffs, tariffs, tariffs.
If you take a step back, I think a lot of people in a lot of
people in macro are are picking up on this crypto sell off.
Like a lot of the macro accounts I post have been like, oh,
Bitcoin's down this much, all this sort of stuff.
And they're they're attributing that to the trade war.
But also like, oh, we're about to go into a recession.
Like macro is like taking a bit of a lead hit from crypto.
Like it's definitely something that a lot of people are
following that that suddenly crypto has fallen out of bed
hit. But but yeah, we, we did seem
very oversold for, for where we were.
Obviously at the same time, you know, as we've spoken about gold
is is continuing to hit all time highs.
Bitcoin can have a high correlation to risk assets, but
then also has a high correlation to gold feels as right now we
just got caught in the in the sell off.
Interestingly, yesterday altcoins started to outperform
Bitcoin again altcoins away from ETH.
So ETH, ETH kind of headed lower again today and it's that is
only about 2% off its low from yesterday, whereas most other
things bounced a decent amount I would say from from that like
from that low. So Bitcoin dominance has has
kind of gone down to below 61%. Oh yeah.
Yeah, under 61% even but higher of since since on the day today
because ETH is down a few other things have moved out.
So I know again it was is ETH time to shine here with Solana?
No, no, no. Don't say that please dude.
Getting destroyed and it hasn't really taken up the mantle so to
speak. The strongest coins in crypto
continue to be the new coins. So if that seems to be the the
play here, buy a new coin. We've had Kaito go towards 3
billion. We've.
Had exhaustion dude holy shit. Story protocol just keeps on
going much, much higher. We've had this π network coin.
Yeah, I saw that. What is π?
Network. That's what it is.
Provocative. Yeah, that one's gone up to be
like 20 billion FTV. What?
Yeah, no. 200 No 2020, sorry. 2020, 200, Yeah.
That's 200I. I, I don't know.
My, my, I'm fried this morning. Go ahead.
Keep on, keep on. And so it's like.
Why is it doing? This a lot of new coins are
trading very well so that and that's I think that's just again
a shift away from like how people make money.
They outsize gains are often made from meme coins, NFTS, defy
or new launches. And it feels like the defy new
launches have taken over from the the meme corn NFTS for a
little bit here, right. So like people are are are now
playing those a bit more and seeing strengthen them.
And yeah, like it's just an interesting thing to pick up on
over the last over the last few days, Solana did look very
oversold, went all the way down to kind of 130 I think, right
or. Yeah.
Today. Let me see.
I'll tell you around. Yeah.
Something like that. close. No.
Yeah, 135. I would say that a lot of stuff
is antler oversold like Rao Rao Powell came out and said like
it's like 2. It's the most sold off it's been
since FTX 20/20/22. Like the worst sell off ever.
It is starting to get so so levels.
I wouldn't say that I have ever made money investing off.
The RSI chart. Or RSI charts.
And the reason for that is, is that took two reasons.
RSI always can go lower. This is something that I've
really realized so many different times.
Or it can always go higher. Like you can get yourself really
wrecked, really, really wrecked something with high RSI or
buying some with low RSI because sometimes these things
overshoot. They might even overshoot
intraday. They're like, I love that.
Since the first answer is like and it replies like what's the
bull case for the crime chain? It just goes to tell you the
state of like how people view it, right?
So. Yeah, going back to what I was
saying, like, yeah, sometimes I see stuff overshoot intraday and
then and sometimes it just can go for a long time or like the
the, the bounce can be very short.
And then actually the trend you're really picking up on
there is like a real trend. So you buy RSI for a scalp, you
don't necessarily buy RSI for. I want to hold this for like the
next month. That's generally what I've
found, like if, if, if things have gotten to that level, it
normally shows that yes, there's a complete panic, but there's a
reason behind the panic or there's absolute euphoria, but
there's a reason behind the euphoria.
Do you know what I mean? So.
Yeah, but Moon Carl said that last time the RSI was this low,
Bitcoin pumped 120%. So Bitcoin I would say
interestingly like, yeah, I've reset Bitcoin isn't crypto.
So but but you could be seeing a change in macro here.
Like I continue to think that like this is this is being
overblown from where we where we are.
But there is there is worries that that the Trump came out
yesterday and said, look, we're going to slap a 25% tariff on
the EU. The EU is an organization,
basically, which has been, which was.
Created. Attacked the the US very
aggressive rhetoric, very aggressive rhetoric against the
EU here and then and then today said we're going to slap tariffs
on China, an extra 10% on China and.
We're there was there was confusion on that statement, by
the way, we're not sure what he said.
Well, maybe we're not sure, but but let's let's say he's, he's
throwing tariffs out there and he said Canada and and Mexico.
It's just, it is very strange because like this is kind of a
breakdown of the, the, the global world order, so to speak,
or a lot of alliances are, are already being put into question
here with what's going on, right?
Like if you're going to be praising Putin and then
attacking the EU, like it's that's that, whether you agree
with that or not. I think he's throwing darts at
the wall right now. Like if you agree with that or
not, it feels like that's a big change in policy.
Right. And the general sense that I
think people in Europe feel is that like the US is is no longer
is no longer there for for them. And that that that comes from
both a defence standpoint but also broader alliance in terms
of economic term. Well, so is that a valid, is
this valid guys? Mando here just quickly, is this
strange US matching tariffs that the rest of the world has on us?
Is that is that accurate? Very very accurate.
EU has AEU has a blanket tariff but it's had one for many many
years like decades now and the same with it.
Like this is very common for most other countries to actually
have tariffs, particularly around agricultural stuff.
It's something that like most countries, for example, if you
want to bring rice into India, you get charged.
I don't know what the tariff is. It's something like 150%.
Well. A lot of it is to protect local
farmers. Local.
Got it. And that and EU is, is very,
very, it's had a has a, a common external tariff on on which
which many, many countries have sought to try and get, get, get
behind or like to not experience it.
And they, they always, they keep on having the tariffs so.
I think. This is a big, this is a big
attack on that. But it's, it's more like at the
base level, if you're saying the EU is an organization that's
been set up to attack the US, well.
That's yeah, yeah. I think many people in the EU
would agree that the EU was created to attack.
The yeah, I don't think so. I mean, the EU has probably
argue you could argue that has heard its own.
That it has. Countries than than than than
than the US itself, right? What is what's up, Tyler?
What do you what do? You think, well, Trump uses
hyperbole, He's a of it, but. Yeah.
Just listen, listen back to the statement the the EU has had
tariffs on the US that weren't reciprocal.
The US was getting screwed on the deal like it isn't that.
This is not what I'm saying, like whether whether we're
trying to talk about fairness or not, what I'm saying is you're
seeing a breakdown of, of I'm not on the, I don't care about
the fairness bit of it. What I'm telling you right now
is you're seeing a breakdown of the, the global world order
here, right? Where largely Trump saying,
look, I want to do a deal, a wide trade deal with Russia.
I want to do potentially do that with Chi Europe is getting a lot
of flak here. He came out yesterday and said
basically deal with your own problems and we're going to put
tariffs on you. He's he met Macron obviously
earlier in the week and he's meeting, he's meeting the the
Starmer this week as well. But like that, that's just a
change in geopolitics that's just happening.
And it maybe it's been flagged for a while that, you know, the
US doesn't really care about Europe anymore and cares way
more about Asia. But that like you're seeing that
in real time right now and that's causing a little bit of
markets to freak out slightly. Like the fact that like this has
been a multi multi decade implicit agreement essentially
between the US and, and, and some of its like stated allies
that like economic partners that seems to be kind of coming away
at the seams and markets are reacting slightly negatively to
it. And I kind of feel like it's
going to continue. Like my my guess here is that
that like doesn't care that much about the EU.
I think we know what we got right with him.
Yeah. It's like it was always going to
be this like very intense, large statements, hard like, like
Tyler said. I think that you've said that
many times on the show, but I mean.
He's ripping the Band-Aid off. And like I will, I will say like
I don't think I expected the US to be more in bed with Russia
and China in February 2025 than than Europe and Canada, right?
I think that is a surprise and that that is causing some of the
volatility for sure. Yeah.
I think, I think someone said, who was it?
Someone this week said something like it's the best thing with
Donald Trump is to judge him on his actions rather than his
statements. Yes, this is true.
Like if you ignore what he says and you just focus on what he
does, right, which in the last week, right, he managed to get a
minerals deal with Ukraine, right?
Which whether you like it still or not, I think that deal is
pretty good for the US, Although it does call into question like
whether other countries in in would like necessarily beckon
them to for like aid in in the future.
But it is a good deal for the US.
He didn't potentially have to call like Zelensky a dictator
and like but like the hyperbole of the language like you just
said about the EU is what people like becomes the headline.
And then you dig into it and like, oh fuck, like there's
something there. Right.
So, so, so well, yeah, I'm not going to go into that too much.
Or not. I think my, my point about it is
like, I do think his outcomes will be better than his methods.
And I think people will sometimes be put off by the
methods, which is, which is very aggressive, very aggressive
rhetoric pushes it to the like the limit of a lot of things he
says. And then, which is kind of, I
remember kind of from the first term and then, and then maybe in
a couple years, you'd be like, you look back and actually what
happened. And it can be very different if
you just like ignore the, how you kind of got there.
So I don't know what's going to happen with the EU, but part but
the, the, the, the, the language being used is very aggressive in
my opinion. And we haven't seen that for a
long, long time. Yeah, it's, it's true.
It's true. I mean, it's always going to be
like that. I mean, you can always see even
by the by the by the comments in the, in the, in even here, it's
like it's so it's so polarizing. You know, you'll have people
say, oh, but that's right. And he's right.
And then you have people like, oh, fuck what he's saying.
It's crazy. Then like you did, if you read
the comments right on the right hand side of our screen, right.
It's like you can see like the, the, the, the, the how
polarizing he's been. But yeah, we'll wait.
We'll wait for the actions, but how long has it been like two
months now, one last six months, six weeks, six weeks, not even
that's the thing. It's like I'm I'm in the camp of
waiting though, like you know, there are some stuff sometimes
like the fucking like Gaza video yesterday AI like this.
Then he does shit like that and you're like fuck, like, you
know, like you want to support it and then you're like, like I,
I just can't personally, I can't plan it's.
Even going to happen like mine, no?
It's not, but like the AI video is crazy.
Like there's like, I don't even get political on this show, but
it's just like, you know, because I've been supporting
like, you know, I'm like, oh yo, I think he's going to be good
for USI think he's going to do well, but then he drops a video
like this and I'm like, dude, like.
But the, well, what he's actually I think doing and then
is pressuring Egypt and Jordan to come up.
With of course, of course, then you get friends and you might.
End up in a year or two time and you'd be like OK, actually, well
that actually happened and the only way I.
Know, I know. It's just a scare if you.
Want. It's completely out of taste at
times, right? Like to, to, to, to attack the
way I thought, the way he attacked Zelensky.
And now Zelensky's going coming to the White House next week,
this week. And he did that with Trudeau,
right? He did that with Trudeau.
He did that with the Mexico, the cartels, like, yo, we're going
to fly drones over your fucking country.
You're going to stop, you know, shipping those drugs and all of
a sudden, like you, you, you could argue that like it's like
attack. I mean, it's it's not arguable.
It's it's a tactic, right? It's like a.
Horse it is he. He takes it to the limit, he
freaks everyone out. And then ideally, I think
there's some sort of concept that something's going to happen
in the end anyway. Anyways, anyway.
That is freaking out markets and we kind of said it's happened
before we even came into office. We said that would happen and
and I'm not reacting that well to it.
There was some weaker economic data over the last 48 hours to
interestingly, you start to see like a yielding version as well
in in bond yields, which people have pointed to a recession
before. Yeah, people are are now
starting to to price in rate cuts, which we kind of spoke
about yesterday. There's a lot of focus on this
10 year yield, maybe even over the stock market.
NVIDIA results were were like good.
Not not like unbelievable, but good.
Which kind of meant the market didn't didn't puke, but the fact
that we were all looking at that I think just points to the idea
that like you. Know I was saying, Tyler
yesterday I was like, yeah, I was like, I was like the state
of the market is like we're all like everybody is like waiting
for like NVIDIA earnings to decide what you're going to do
next. Like I thought it was ironic
anyways. Yeah, so Macro is freaking out a
little bit. It's also like in the fear
level, crypto's really freaking out and I feels like we could
we're probably due a bounce, but I would still, I would never buy
something like because the RSI is low.
So like be be aware of that, that like we might need even
some more consolidation here. I like I like the stuff I said
yesterday, the stuff I still like.
So we had Bitcoin, I think is obvious.
Solana. I do think is it's going to take
longer for me for Solana to come out of this just because I think
the top has been kind of knocked out a little bit there.
I don't think people are going to be calling for 300 Solana
straight away. I think they'll be like
hopefully this goes back to like 170.
And I think that's kind of where people would kind of see the
range now maybe like 116170 area then pipe.
Pipe is always as well on these down days.
Still Sonic. We had we had Andre on the show.
Great show. Last night he did really, really
well. Do you think there's something
very interesting going on there? And then interesting like we can
go with Tyler, but like that's for like some of the if pump if
the pump fun streets are closed, maybe some more of like the more
established that seem to be doing OK.
I don't know if you want to get back in the trenches that that
that much, but like it's very interesting to see that suddenly
the the like the more established Solana AI and meme
coins. I mean, Cookie got Coinbase.
I mean, Tyler, let's go there and then we'll go to your
topics. But man already went there, so
may as well. Maker, we haven't talked about
maker as much. I feel like makers like the
Sonic alternative play right now where it's a similar concept,
revenue generating. They're pumping $1,000,000 a day
as I understand it back. I would say maker is the radium
of ETH. That's, that's what it is.
As we move back towards ETH, it's, it's a, it's a radiant
play, right? Also a buyback, I mean the
buybacks I think is a huge part of.
It. Yeah, exactly.
Well, I'm starting to wonder. So I think these plays make
sense. Casinos closed, folks are
looking for alternatives. Next Gen. defy like big concern
is I feel like a lot of folks are are buying these tokens for
like a 2X. They're not in it for a fiber
10X. And if if that's the case, then
you have folks, OK, well, then I'm going to front run that and
I'll sell at the plus 90% and then I'll sell at the plus 80%.
Is it less likely that we're going to see some of these
moves? I'm I'm seeing these these plays
kind of thrown out by more folks.
I think aren't aren't necessarily typically deep into
define is. I'm just wondering how early
slash late it is. I mean, it's over late early.
Late early, I would say that too like that.
I don't feel like this is D5 has not been the number one trending
thing on on Kaito or anything like that.
It's been growing like it. I think it got close to flipping
mean coins about a week ago, But and that's in 3rd.
But like if D5 becomes number one, that's that's when you'll
you'll know. But I would agree with you that
D5 in general is a 2X place. People people look for 2X plus
yield, that's what. Where do you see that?
You got to go. To we got to have their actual
product. Right, the leaderboard.
No, I I don't think you need the product you.
Need to look at go. To the upper leaderboard up top.
No, because it's. Oh, I see.
Yeah, I don't have it. People yeah, no, no, you need to
have their their, which talks about like the different trends
if you type into into X right now Kaito mindshare defy.
Yeah, sure. It's probably going to be good.
I see. So you what you were suggesting
is that there's going to be a resurgent.
Yeah, this, this is probably going to be pretty good.
So AI has. Interesting, So Defy's mind
share has grown from 4 1/2% to 12.5% month over month.
Right, which is kind of where it was long term, like it's been
there before. AI obviously was smashing it for
a long. Time, yeah.
I get the feeling that at some point in the next month or two,
it might, it might become number one or two.
But I think that yeah, the difference is, Tyler, you're
completely right. I don't think this stuff is like
Maker is not a 10X trade. There's no like it's just not,
but it it can be a lower risk 2X trade.
I think that's kind of what a lot of people will look for this
stuff. It's like it's your Bitcoin plus
play rather than your rather than your mean going 1000 X
play. Yeah.
If that's your expectations, I think that's fine.
I got one of my buddies says basically he wants to
outperform. Yeah, that's fair.
Trying to outperforming Bitcoin. I think Mandel wrote about this
like he's looking for the two XS.
I'm in that camp. I'd rather do a 2X with size
honestly than than trying to chase the smaller 10X's at this
stage. I mean, maybe I was smoking,
smoking the hopium a little bit yesterday, but I did with the
conversation on on. On.
Sonic I I do feel like this could be a 5X play.
I could go to 10 billion relatively easily from 2, you
know? But I will probably sell it too,
just kind of. Just in case, keep a little bag.
You you were bullish. I mean, for anyone who's curious
about Sonic, just go to a wrecked radio yesterday and just
listen to the show. It was really good.
I actually really like I thought it was really awesome.
I I ended up buying a bag, so I like it.
Hopefully, hopefully we can 2X on that 2-3 X exactly 2-3 X is
huge, dude. 2-3 X should be good.
Anyways, Tyler, Mr. Tyler, see what you got for us today and
then we want to talk about some pump fun shit too and
cryptoanalysis Tyler T on FOMO our cause the kids.
Can't all right crypto majors fall further yesterday as Trump
announces more tariffs on the EU, but then have rebounded
decently off the bottom amidst we had the crypto fear and greed
index hit the lowest level in over 18 months into extreme
fear. We had the Bitcoin ETF seen our
750 million in outflows, though kind of another bright spot,
sort of 30% overnight. They are down a little bit.
Leading alts apps maker also green on the day talked about
this yesterday. But Bank of America, they do
plan to enter the stable coin game and offer their own against
rival JP Morgan. And we've also got perhaps some
negative news out of Washington. The the crypto bill that we
thought was going to happen in 100 days under sex.
It looks like it might be closer to end of year.
And then just in this morning, Dems are introducing legislation
to prevent the president and family from launching tokens and
securities in the wake of the Trump token launch.
In other news, let's see, the SEC dropped its case against
Gemini with no enforcement action.
They're dropping cases by the day right now, folks.
Polymarket, the odds on the Epstein list being revealed shot
up to 95%. Looks like we might get that
list today. The question is how many names
will be revealed In token AirDrop protocol news, AVAX
launched the Avalanche card yesterday.
It's this new crypto credit card allowing holders to spend
against their crypto assets. Phantom acquired the token data
platform simple hash. Then Wolvesdale had the latest
to launch an application for an AVAX AirDrop.
So for those who are grinding apps and pre sales, go check
that one out. It memes.
It's pretty quiet. Memecoin leaders mostly green up
about two to 4% on the day. Some like popcat outperforming.
I think popcat up double digits abstract more green.
Abstract NFTS. The segment. 1000 likes.
Really well. Thank you, Tyler.
There's one community called the bearish Bears and they comment
the 500 comments on my post like it was absurd.
So that's usually bullish just FY I, I don't have any but
bullish on that. That is a good raid, Lucanetz.
He reminded the budget Penguin ecosystem that they will eat at
the abstract. Tge make a reminder for the the
bears out there. Sometimes you just have to hit
people over the head with it and then pump font.
It seems like everyone is calling for the death of pump
font. They still made $1,000,000
revenue yesterday, $100 million on the platform.
I think the calls of their death are are quite injure.
Yeah. All right.
Let's start there. Pardon me, is the migration pool
set up for them now? I haven't seen any more progress
on that front. Right.
So like what I mean is the fees aren't just satiated because of
because of that. That's what I was trying to.
Get no, it hasn't happened yet. I did was just some tests the
other day. But Tyler, let's go there
because I know you wanted to talk about this, so may as well
just stick on that. So is pump fun dead?
I want people to tell me in the comments, is pump fun dead yes
or no? Very simple on Twitter spaces on
on broadcast, but we broadcast this show live on video every
day and you want to watch some videos much more fun in my
opinion. Tyler, I'll start with you, Is
pump fun dead? Yeah, absolutely not.
So I've done my fair share of of sharing some stats and metrics
tied to pump fun and showing it's cooling off and it is
indeed cooled off significantly from peak.
So right now we're looking at 25,000 tokens launched in the
past day. For some perspective, around
January peak we were at a 50 to 60,000 per day, so about 60 to
70% down from peak. Let's take a look at daily
volumes. So 100 million roughly in daily
volume the last few. Days.
Peak was closer to 450 million, so down about 75% from a pure
dollars and volume going through the platform stake.
I think that the numbers have really started to go around the
horn. I think that are more inaccurate
is the number of graduated tokens per day.
So I think yesterday had 215. Someone grabbed a snapshot this
morning when it was a partial day at 68.
So you you got to throw that one out.
Because it was 9 hours in, right?
I, I saw some people share it. I thought I saw it.
Then you're like no, this is 9 hours stat I.
Think that the the peak was around 1000 graduated tokens per
day, so down 7080% again from peak.
So everything is down significantly.
But I think if you zoom out, we're basically back to October
levels, summer 2024 levels really even pretty close from a
volume standpoint in line with the entire first three to six
months of pump and still 3X higher than the August,
September lows. So that's when it was really
crickets. And that's actually the last
time the Crypto Fear and Greed Index hit Extreme Fear was on
September 6th. That's when one was seeing $33
million a day. So now we're back into extreme
fear and Pop Fun, still seeing triple the daily volume.
Yeah, I mean, this is wild 10. I know you shared the coin
market cap one, but I have to go off the OG.
This is wild Fear and greed index.
Extreme fear of 10. People are saying where's the
bottom? The bottom is 0 but has it ever
gone sub 10? I was looking, I was only
looking at the crypt, the crypt coin market, Capital One and.
It has been a 10 before, yeah. OK.
So I'm but we're basically at all time lows.
Right, So it's was at what's this?
It went all the way down this this chart is tough because
let's put on like 3-1 year. I mean that's the lowest yearly
it's been and on Max this is the lowest it's been since I mean
here was very low right 22 Remember summer 22 like that was
horrible. 8 June 14th, 2022. The code today on robot is fear
by the way Raffle bought dot XYZ Raffle bought dot XYZ.
Make sure y'all sign up. We give away like money every
single day Raffle bought dot XYZ code is fear.
FEAR. So it looks like it was at 8:00
then. Oh, this looks like low.
I want to see what that is. How low is this?
I won't tell me. Yeah.
Wow. I'm.
Trying to see if it was so Solana hit $8.
I think that was trying to figure out what day that was.
I think it was like maybe December 30th, 2020.
Two I mean price of crypto June 14th 2022 price of crypto June
14th 2022 it was 22 K Bitcoin. Yeah, Seoul was $16.00 roughly.
So yeah, I mean, I don't know, hold on.
I have to go. See, I'm assuming a lot of the
fear and greed index is led by what's going on in the solar
move, right? Seen it at 10 man, that makes
you like at least if you're if you've got capital and you find
a DCAI feel like DCA ING in when it's at 10 seems like not a
terrible bet. And like caveat, if macro goes
into a recession here, like of course, I think we're going to
have more near term pain. So you need to fade a global
recession. Yeah.
Starting DCA in extreme fear doesn't seem terrible and I'm
not even talking about, you know, RSI and all that
Interestingly, so I actually looked at some of the numbers if
we want to get into the fear and greed index.
I was looking at the chart and I was like is it really just that
simple as you just sell fear and greed index gets in like when it
leaves extreme greed? And.
Then she can say I remember being in extreme greed for like
10 months in 2022, a certain extreme fear for like and the
moment we're in like 60% like. But let's see, let's see the
numbers. Tyler Tyler did some little he
he went all sleuth on us on this one.
So caveats, this is a small sample size.
This is looking at when we basically the last three months,
the last picture in time when crypto went from extreme fear
into extreme greed and effectively if you sold your
bags, I looked at majors in a in a small sample of memes.
If you sold when we entered extreme fear, you captured about
75 to 80% of the move in majors. You captured a much smaller
portion of the move in memes, closer to like 30 to 40%.
This past cycle, you basically would have missed most of the AI
run if you would have sold when we first entered Extreme Greed.
Now, if you sold when we exited Extreme Greed, that was on
December 18th. You captured 90% effectively of
the move in majors, and then you captured about 55% of the move
in memes. So you would have had to have
known that you were giving up a 2X roughly in your meme bags.
Like you would have to know that you're OK, you're going to miss
that final 2 to 3X push, but you captured downside.
And then if you look at where these coins are at now,
basically majors are at roughly 60 to 60 to 80% of their all
time peak means significantly lower, closer to 2025%.
So again, small sample, but looking at this, it seems like
the optimal play is to try to wait for it to leave.
Extreme Greed and you'll have captured 90% of the move in
majors and all but the final 2X in memes.
I would I would like to have run this with with, you know, with a
lot more coins to get better data.
This is a small sample. I admit that I was just kind of
doing this while I was putting the kids to bed last night.
The flip side, the upside. If you bought Extreme Fear
September 6th, you caught 96% ROI on Bitcoin, 80%.
In ether. Wow.
I think it's good. If you think the overall trend
of the market is going to stay high, like we're in a bull
market, then obviously buying the first move into extreme fear
is a good one. If you think we're breaking down
then then you can get destroyed. So how does this apply today?
Mendo. Well, I would, I would agree
that I think this is the, the bull market's going to continue.
I'm not, I'm not that worried about it.
I actually. This made me want to buy
yesterday. You know how like Monday I came
in saying like, yeah, I'm like scared of buying this Yesterday
I read Tyler's post and I looked into it more than I'm not making
decisions based on Rsis, but it would be short term ones for for
bounces, Mando, like you said. And I was, and then I looked at
the stats and I looked at how much I personally hated buying
and I was like, whoa, that's weird because I'm known to be
the guy that's trigger friendly, trigger happy.
So I actually think this in this case, fear index, like it's kind
of useful. Like worst case, why we stay in
that 10 for like a few weeks and we chop for longer.
But surely if you accumulate here slowly in DCA over time you
win over? Like surely this is a good
period period. That's exactly what I was saying
to you. Yeah, exactly what I was saying
to you. Like this is the time that you
want to buy. Just have to be.
I think you just have to be cautious that you can be in this
period for a while. Like it's not just like.
Yeah, don't expect to make life changing gains in the next 14
days if you're like full porting here.
I just say I just did a just put a survey out on my channel.
Let's see which. Is just like this is.
Let's say this is the bottom. What would you want to buy?
Sol Hype. Avax.
Sonic. Let's see, what are you?
Well, I'm going to go back bias here.
Tyler, what about you? I think you'll say hi or so.
Hype, Yeah. Hype.
OK, what about you, Mendo? I mean, I think I know what
Mendo's answer is, but. Nervous more than anything.
Like what? What is?
I kind of, I always feel like the the AVAX community is like
really fucking loud. I mean, they're fighting right
now. They've got like this pre sale
thing going on, right? Which is like people are getting
annoyed about all that sort of stuff.
I don't know man, every time I I like Avalanche, I like the team
members, I like the energy there like when it comes to gaming and
stuff like that. You can also like they they're
very creator centric. So I can't hate that personally
speaking. Like I love a good like creator
chain. They support a lot of creators
also in their industry, which is important in my opinion.
But, you know, every time I think about taking the trade, I
don't because then I always think, Oh, well, I'll just buy
Solana or now the new thing, which is like Sonic or the other
new thing. I don't know why.
From a brand perspective, I like them, though, you know what I
mean? Does that make sense?
Yeah, I think, Tyler. I think AVAX a part of the the
core theory of AVAX was that it would trade as Soul beta.
Yeah. At least that like is it ever
going to decouple from Solana? There's more alternatives and
this has nothing to do with what the team is doing and there's a
lot going on inside that ecosystem, a lot of reasons to
be bullish. But as we continue more L twos,
more L ones, there's just more alternatives and there's new
shiny objects, right? I think that that has likely
taken some capital away from the the existing.
Faults, yeah, I mean AVAX right now is highly led by this pre
sale meta which bolt on your comments is right.
Hype seems to have like started establishing itself on the
timeline. If if I'd done this three months
or six months ago, it would have been Solana by a country mile.
It's. Basically, I just think maybe
Suey should have been it's, I wish you could put more than 4
right? Because like you could argue,
some people will want to go on Suey because of the phantom
integrations and everything they've been doing.
Maybe I should have done Suey instead of AVAX, but it's like
right now I see more from the AVAX community than from the SUE
community. Sewer community still feels
rather B to B to me. Yeah, who's very B to B?
You're right. I'm looking for consumer style
chains more than anything. Same with XRP for example.
Right, like. Oh my God, yesterday I liked the
guys. I was on Instagram yesterday and
I like to post that because it was so funny.
Like me and the boys when XRP goes to $1000 and then the
Instagram algorithm started feeding me all these like
Instagram reels on why XRP is going to $589.
Like for some reason that's the number 589 and I was like fed
all this like crazy bait. Anyways, Tyler, there's a few
other things on there that we should go over that you talked
about. What was it?
There's some. I'm fine.
What do you guys think? I don't think pom pom's dead.
I still think that's, still think it's one of the.
It's actually one of the revolutions of this cycle is the
ease of creating tokens. No, so I and I think like I, I
love Solana, like I really, really do.
And I think I've said so many times that we can come back, but
the the time it's more a timing thing, right?
It's like, do I think this is going to be the strongest horse
coming out of this? I think it looks really
oversold. Do I think?
But I think that people are like, as we've all said, like
they need it needs to form around a new narrative.
Solana's been very good at that, you know, like it's picked up on
the new thing and it it was, it tried to pick up on NFTS, did
well, then did deep in for a long time, and then memes,
right? Memes weren't really a salami
thing ever. Like.
Random ones before wiff and bonk I forget what they were called
but like was it like guacamole was one like there was this
really random ones in the early? Days.
Oh, the Guac 1, I remember that. And then it just like dominated
it. So maybe Solana defy if defy
becomes a big thing. But like I, I don't know, but
like I'm not, I would never rule out Solana reinventing itself a
little bit here and being strong at the thing that everyone kind
of flocks to do. But I just think that maybe the
it's the bottom is, is is here or near, but I think the top has
been slightly knocked out. That's all I would say as.
Well, as nice like if you're buying it, what do you like?
What's your target even if the bull market?
160 bro OK. That's be higher than one.
My short term target, I talk about this Mendo a lot like 160
short term target like is not I don't know what do you think it
was? Before and look at where it like
where it kept on bouncing off it was that 170 area right If you
look if you bring up a Solana chart, you'll.
See, I think this is the best chart I've seen on Solana as
from today. 170 it like hit number of times and rebounded.
I would guess that is your like your number one.
Point of resistance. It's running right now.
I don't know what happened, but it's a nice candle on it.
Just now, as we're talking, we must have said something right?
Well, you know what is happening.
What? We have the unlock and then the
vote to reduce the inflation, right?
And the ETF? And the ETF, right?
This this. Stuff that was pretty much
confirmed yesterday, right? Oh I may have missed that if
there was ETF together. I've seen is the sole ETF hasn't
come until Q4. No, no here.
Look, it was added yesterday to websites.
Added to DTCC. Last night.
Which shouldn't take a long time still, yeah.
I mean, it's the move forward was what I'm trying to say.
But I think even if Solana got an ETF, that would be the
resistance level which is 170, which is up 20% from here.
Yeah, if you zoom out right, I remember because I've traded so
much this cycle, but it was always like 1/27.
That was always the huge. It was so hard to break that
right when it was first broke, broke down, broke.
And you're right, it was like 183, mark one, 63183.
Like there's these like numbers that I've seen a million times
on this chart. It also is just like a bigger
cup and handle. Where?
Oh yeah, you like your cup and handles, don't you?
That that handle seems like it got broken pretty badly though,
yeah. Yeah, I don't know what you see
the cup in that one. It's.
A big big handle on my. Cup that could look more like a
zero bro pattern here, but I still the zero bro pattern the
0. None of the charts are like good
to me like if I bring up all the coins I just mentioned there
right bring up. Bring up Sonic is one big cup
and handle that's you should be your favorite 1 here.
Yeah, look that that, that looks like a bit of a common handle
obviously, but hyper Bitcoin doesn't look.
Good either man. Bitcoin looks like it's
oversold. That's what it looks like.
Right. Does it though?
Like, don't you think? Oversold metrics I don't like.
I agree. It broke through that 88 level.
That's right. So now you're just trying to
find it was an air gap. It was an air gap from 75 to
yeah, 88, and we've just broken below that.
It's like a hyper liquid. That's your hyper liquid chart.
BNB actually, yeah, someone just mentioned that.
That's actually not a bad chart, but.
Why does it do that? BNB, let me pull it out.
BNB is a much better chart looking chart than hype right
now. Hype kind of looks like the
Bitcoin chart where it's just like broken below like the.
Resistance. Yeah, Let's look at BNB here.
BNB is always a weird one. Have you guys ever owned BNB?
I have several times, but I don't think I've ever made money
on it. Like it's one of these ones
where like it's actually remarkably stable as a coin.
I can't tell you how stable owning BNB is, more stable than
Bitcoin, but but whenever I own it, it's it's normally around
like I think some new B&B season is going to happen and never
fucking happens so. Yeah, like the broccoli thing.
Fuck, everyone was buying B&B thinking it's going to happen,
and even CZ couldn't use his own chain.
He's like, Dexes don't work, it takes 27 minutes to move money,
and you realize he's talking about B&B BSc.
That was kind of right, guys. Like that was a little.
In the scenario where B&B doubled, I would feel like Hype
could do more than a double. I feel like that's part of one
of the targets, one of the things that's picked if it keeps
getting into the perp sharing. I know there's more to BNB than
that. I like that thesis.
Anyways.
All right, Well, before we go to the robot loot box pins, Tyler,
did we miss anything? Looks like we really went around
good today. Yeah, I think we went around it.
I think that there was a bit of the reality check happening in
Congress right now. So from everyone who got bulled
up on SAX and the crypto task force and then being able to
push through these bills in 100 days, which was their initial
target, it seems like what came out of the Senate subcommittee
meeting yesterday was no urgency, no rush.
They're still defining terms and it looks much more like end of
year at the earliest than 100 days.
So it does seem like we might need to to wait on some of these
things, which likely would be the same thing for any kind of
US strategic reserve. Got it.
Temper your experience, but still some progress on the state
level, like Texas passed one of their initial committee hearings
on their reserve. So I think if a few, even one
state gets there, I think that's going to be a big news and a big
headline. Didn't one state basically get
there like yesterday? You thought that very close
chambers of house. Right.
So what? What's what's left there?
If it passed both chambers of the house, it'd.
Be governor approval. Right.
OK. Yeah, maybe.
Yeah, there's there's a lot. There's definitely a lot on time
to wait. I think we just need to be
patient. There's going to be some cool
plays, little NFT plays, niche plays here and there, little
meme coin plays here and there, but nothing wild.
You just got to really pay attention, I think to what's
going on. So it's it's it's it's going to
be interesting few months. I think it's just a builders
market in general. So we're chilling.
We're going to keep quacking 01 last thing, what is wall chain?
So what is this quack shit? Like what is what what we pick
the winners and stuff. Like what is this quacking
thing? Yeah, so it looks like Wall
Chain is launching a Kaido Rival alternative that's going to have
their own ranking system. They are going to reward users
with their version of the apps, which is called Quacks.
If you get an invite code, you can sign up and you will be
rewarded with some quacks based on your last 30 days of
activity. There's also ACT Leaderboard.
Is there? I thought it didn't work.
It's backed by Aliens DAO. That's what Amanda was sending
it to because. Yeah.
Lions DAO, Yeah. Aliens DAO?
I thought it was aliens. Where the fuck was it?
Aliens The Aliens DAO. Yeah, this is the thing about
Kaito, which I think we said like this, Kaito was the best to
do it so far. This is coming soon.
There is. So many things I've seen over
the last three or four years, which is CT leaderboard.
Do you remember NFT inspect? NFT inspect lunar crush?
What was the one after that even?
I guess frentech for a certain period then.
We've had. Then we've had Fantasy Top, then
Kaito. Basically the technology to do
this I don't think is that difficult.
I think we're just back at that period of that social fine
narrative hits before the big run.
Right. But if Kaito's worth 3 billion,
I think we're going to see a ton of these.
Do you know what I mean? Like.
It's, I mean, dude. It's not, it's not a diss on
Kaito. It's like if you're worth 3
billion, we're going to see like 50 different people come out and
say, hey, of course. They were going to want a piece
of the pie. Why not sign up?
Like, what's the downside? I guess you, you are turning
over access to your Twitter. So I guess always know you know
that I guess that's the, the risk factor in all these.
But other than that, no capital required.
You're in quacks for for what? Doing what you're already doing.
Yeah man doing sign up using my code.
Stars Arena, that was the other. One hey, and that's still around
by the way, OK, that one TV out of out of between friend tech
that like completely dipped over it's like $50 million stars
Arena is still around and very well alive.
They still have this like community going.
So I see them here and there I'm not on it, but I do still see
them on my timeline. So FTV, exactly, exactly.
All right, So that am I excited. You're right, man, if all these
apps are worth billions. Particularly that one, like a
lot of people, have been trying to do this for a while.
Yeah, love it, love it. All right, let's get to this.
That I really want to buy coins. I just every time we get like
the tiniest pump, like we literally just like get like
suppressed. Like it's like I'm trying.