Yo-yo, yo, what up? What up?
Good morning. Good morning GMG.
Oh yeah. Good day.
October, October. Sorry, October 22nd, 2020.
Look at that. Another beautiful day to have a
beautiful day. I got my Co host in the house,
Tyler Mando Ovi GMGM. How you guys doing today?
Good morning. Jim, guys, good to be back.
Doing well, guys. How are you?
Hell yeah. Good to have you back, Ovie.
I was in bed last, like, time or two times.
You hosted the show. Oh, that was Blast.
Yeah, I wasn't. I wasn't there and the Blast TG
And you were on with the boys. So good to have you here.
Love Stretch? Thank you.
I'm happy there. So yesterday, so Locks and I
both decided that we're going to copy trade you.
So basically yesterday I shaved 3 millimetres everywhere and I
didn't shave my mustache. So it has already this thing.
And then I'm going to go to a Barber and give it a try.
I may give it a try. I'm like, I'm edging right now.
OV, what do you think? Right.
Yeah. Copy trade.
Yeah, it's, it's a cool look, I think, I mean, say to myself,
but. I mean, I think I, I think it's
great. I think it's great.
I was thinking going to Barbara going to get like clean shade,
leave the mustache going, you know, feeling that baby skin for
the first time. So I was 16 years old.
But I'm worried too, because I go live every morning on the
record on video. So you know it, I can't fuck it
up, you know what I mean? So, you know, maybe it isn't the
AI that can tell me what I look like without it.
I don't know. Mando, what's up?
Mando's got a shirt on. You know it's a big day.
Easy man. So I was so busy at the moment.
Where are you at right now? You don't look like you're home.
No, I'm in London. Oh, I.
Can't believe I missed you in Portugal.
Dude, I come to Portugal once a year and you're not there.
Sorry, man. Yeah, I know, I know.
It's OK. Don't worry about it.
Looks like we're actually moving there for real this time.
Tyler, what's up? Good morning.
How you doing? I'll.
See it when I when I well, I believe you.
Believe it. You see it.
All right, All right. Well, let me tell you something,
you know, the homies are definitely hooking me up with
the lawyers and everything right now.
I got to reach out to you for that.
But I. Might I might I might have to
join you guys think I'm I think I'm maybe done with the UK,
London and the UKI. Saw your recent tweets, looks
like you're like I saw that big rant, you know, looks like
you're fully done with the UK. What's going on?
Just just sick of so many things.
I this is not going to be Auk ranting show because I would
spend way too long doing it. But I think I'm I think I'm
finally going to be on the move. I would say before the end of
the year. Let's see.
You should on my end locks got the go from his wifey and the
kids. So he's good and we're good and
Elan as well. So looks like looks like we we
may move there. Hearing that everyone's to move
out, hearing that Sam's could make the trip out a lot.
So we're and we just you know, I don't want to front run
announcement stuff, but we we have some stuff cooking in
Portugal. So it looks like we're we're
definitely setting ourselves up for, for, for, for that move.
Tyler, Tyler, good morning. How you doing?
I'm good. This gorgeous weather here in
Chicago and you know, we're in the shakeout.
I think we're in the final shakeout before the breakout, so
I'm getting hyped for that. Let's see, I mean, every dip
keeps getting bought out. I'm sure we'll talk about it.
So today on the show today, today, market report as usual,
macro, all that good stuff. Definitely want to chat some
markets with Ovie. Haven't had him in a minute.
See what your thoughts are. Saw some tweets of yours
recently, so if you want to dig into them, Tyler's top 1000.
Let's see what Tyler's got in store for us.
We've got all things wrecked. So Ovie's obviously we're going
to chat some market stuff with Ovie in a sense his thoughts
right now, but we're definitely going to get into all things
wrecked. I mean, Tam wreck Coin tweeted
this morning. A little cigarette couple lying
on that saw that. So that Raoul Powell banana zone
art piece, you know, records now I've seen a bunch of stuff
there. See the wreck drinks.
I saw one of my team members actually received the wreck
drink today by the mail. Think it was EV love to see
that. We're seeing a lot of wrecked on
our timeline right now. So definitely want to talk about
that. Then last but not least, we'll
have a robot, a giveaway. I don't know if y'all saw the
first one since the punk. So that's some very big shoes to
fill for me because I wasn't there for that one.
But we've got spiral gremlins in there.
We've got my ladies, we've got project A on.
We put an RLD in there, the last RLD at two weeks and then they
like jumped to 15 eighth and then and then and then, you
know, some punks as usual. And the last but not least, this
show is powered by Galaxies. With seamless built in
monetization tools, Galaxies enables development of
sustainable long term communities, fulfilling
Bitcoin's vision of the centralized freedom and
independence from centralized control.
Mando Mando with the shirt on. Tell us more about this market,
can you dig it? Yeah, it feels terrible, but it
actually really isn't right. Like, zoom out a little bit.
It feels like we're in a decent spot still.
Bitcoin's still hanging out above 67 K You have Solana been
outperforming for the last few sessions.
That's at 168 right now. Yeah.
So that's kind of even up on the day actually, I think over the
last 24 hours at least. So it's it's kind of kind of
interesting ETH underperforming again.
I think it's the highest ever close for Sol Leith happened
yesterday, I think. So yeah.
That, that keeps them going in terms of what's hot in, in
activity. I, I, I mean the mean coins just
feel so like they're no longer left curve.
That's like what everything everyone's doing at the moment.
It does feel as though the the focus is shifting or continuing
to shift away from cults and into just like AI various
different things. It feels like there was that
sell off briefly in in GOAT which is now kind of fully
reversed and a few of the other AI meme coins around there are
doing OK. I think ACT is the other one
which is like the one of the first coins.
Whoa, whoa, whoa, whoa. Yes.
Is that I got a call. And all the all the Murad coins
are kind of losing a little bit of focus.
I think just a lot of stuff is happening in AI and AI agents
over the last month and it's really picked up in the last
week or so. So a bunch of different that
intersection between AI and crypto seems to be happening.
I think. I think the with the reasoning
with the ChatGPT, where is OI or whatever it's called, the
reasoning one, you've now got a bunch of these sort of bots,
which you're able to do a lot more, it feels like and you're
able to give them like tasks. So that's kind of how truth
terminal I think has come about, like this sort of machine
learning broad task that they're given and that's being applied
to various different things in crypto.
And I think crypto, I put it out today as a tweet, but just that
because it's just like it's much easier for AI to interact with
than other forms of currency. They're able to do like economic
things basically. So we're starting to see that
sort of intersection take off and I'm seeing a lot more of
that sort of being talked about on the timeline.
Yeah, looks like we got a big open on the burgers market man,
though, because as soon as like 930 hit around that time, we had
a little dip for that to show. And then just like all the
dailies turn green for now. Of course, we'll see.
So I don't know what it is. Yeah, pretty much.
I mean, the inflows, the inflows have been insane, right?
Like I think we saw new highs and what was it?
I saw some some news about this, but BlackRock and how much
Bitcoin they bought like yesterday and they like in the
past couple of days just been insane, right?
The inflows contain to be very, very.
Strong, yeah. No, that is not hot, hot, not
letting up. It just feels as though Bitcoin
is increasingly becoming one of the the most consensus trades.
Now we're not even consensus, like it's starting to pick up as
a trade that people are looking at into the election.
Yeah, yeah, it's looking good. I mean, the election is wow,
we're So what is it, 2 weeks? Two weeks.
Yeah. Two weeks today, I think.
Wow two weeks today wow we're we're almost there.
Shit is starting to get hot over there, so we'll see and we're at
bitcoin's currently say a 67475 ish.
So 168 theorems are about 2200. Just kidding.
But you know wouldn't be a surprise.
I wouldn't surprise anyone here yeah, that took everybody a
second here, so you can tell it wouldn't surprise anyone.
It looks like the top gainers actually top Guinness in popcat.
That thing is ripping nonstop, which is actually wild.
So some of the memes, but you're right, the Murad memes not
great, but we'll leave that up to to Tyler.
I'm sure he's going to do his daily Murad memes update.
Ovi curious. I mean, how, how, how how's your
trading been lately? And and you know, what do you
what do you think of of the market overall here as we head
into the elections? I saw you do a poll I think
recently asking people if they're flat selling or risk,
you know, putting more risk before they elections.
Like how do you feel about the mark in general here in Q4?
Yeah, look, my thought was always that we would rally,
gonna stop there. It's kind of funny for dramatic
effect, but my, my thought was we're always going to.
My thought was we're always going to rally into elections.
And so I bought a lot of risk at the beginning of September
because I was like, it's a 5050 chance of Trump wins or loses,
and it's a very positive EV bet to take.
Obviously, since the beginning of September, we rallied a lot.
So my God, my plan was always to let buy then sell a little bit
before elections. And just because the capital
gains taxes are probably going to increase in the UK after the
end of this month as well. So the end of this month was my
plan to basically just like take some risk off.
But obviously Trump odds have risen quite substantially since
then. And I do think if he wins, we
will see like a big rally in crypto.
Whether that's like the moment you meant to sell or not, I'm
still not sure. I think it probably is, but it
still feels like even at examples.
And plus you've had the whole Morad thing as well, which I
think has really injected some new life into meme coins and
actually made like, you know, my worry about meme coins before
was that just like there's new shit every week and just the old
stuff couldn't really rally. Whereas Morad's thesis has at
least enabled a core set of coins to to rally on their own
merits despite increasing supply every single day.
So based on all that, I'm kind of inclined to just, you know,
fucking Yolo into elections and see what happens.
And the problem is I think most people are doing that.
So if we if he loses and we'll probably see this big Wick down,
which I think actually does get bought up anyway.
But yeah, I just think if we get a Trump win, you should really
expect to see crypto higher on day one.
Then we maybe see some consolidation and then I think
we progress higher towards and through the end of this year.
And I don't know, like I'm in two minor because I was like,
you know, I should sell, stick to the plan and take some
profits. But you know, we could be
staring at like a big, big, maybe not quite generational,
but a big, big meaningful opportunity for the next few
months to come. And I just don't want to miss
out on that. I think like I'd rather round at
the center rather round trip than miss out on it.
I think like I'm prepared, mentally prepared for a round
trip. I'm not mentally prepared to
miss out on it. Yeah.
I mean, it's looking good when you see that you've you put some
risk on like what, what are you obviously like I mean.
What do you what do you like? Like like I just bought, I'd
taken profit some mog earlier this year and then I just bought
mog. It's the only time this year
I've managed to actually buy something at the Lowe's, but I
bought it at like a. Three, you bought it here.
Yeah, right there. Basically, I just put a bunch of
money into that and I guess it's been a, it's been a good one.
Obviously there's been other coins that have returned higher
amounts and there's been tons of 100 XS and stuff out there that
I haven't just really been involved in.
But my, my thought was like, I don't have a lot of time to be
in the trenches and trade stuff right now just because I've been
focused on the rec stuff. So I just wanted a coin that I
felt was proven over time that had been through multiple
drawdowns and, you know, that had a strong sustainable
community and where I could put in like a large amount without
feeling I'm going to get rugged. And so that's the one I picked.
All right, love to love to see that it's definitely feels like
this time to be a little more risk on but we'll see what we
get. I mean, Tyler, I saw you share
that tweet from from Bob Lucas, which I can't want to bring it
up here. Actually curious your thoughts
all of you on on what's on what you make of that Bob Lucas
saying push up, shake out, break out BTC.
The consolidation is coming to an end late December, Max, but
likely much sooner. Tyler, what do you think here?
Are you are you going to wait for that for that 62 K Kelia, or
are you, are you going to go in earlier?
Because I saw cool Blood Schiller post a tweet regarding
that saying that everybody's going to wait for 6263 going to
get sidelined and then they're going to buy it above 70.
So what do you think here? Yeah, who knows if we get it.
I don't go levered long very often, but if we got there, I
think I would be looking hard and maybe levered up on Bitcoin
a bit at 62 ish. Yeah, we're really going to see
another 10% from there. I mean, of course, anything's
possible, but I don't think 1 looks good.
It's printing the higher, higher lows, higher highs.
It really feels like we're finally here.
I think Mando's been saying it for months, right?
It's, you know, shops all day into the election and then we
move up and then and now we're there two weeks away.
So strong outlook here. Love that, love that.
There you go. We inspired over to send a tweet
out. My plan was to take some profits
now ahead of elections, but I'm going to let it ride.
I'm mentally prepared to round trip.
I'm not mentally prepared to miss out on a bigger move,
higher. Mando, what do you think of
this? How are you?
I mean, you're you're pretty well positioned, but you were
talking about Tao a lot. This whole AI stuff.
I mean, it's happening. Does that flow back?
Actually a question for you. Could you talk about potential
law on the show and being positioned in there?
Do you think all this AI memes and this narrative flows back to
Tao? I don't like a lot of the AI
coins that have come out of this recent move.
Like I don't apart from like memes like GOAT.
I don't know if I'm like Oh my God this is such a good meme
towel actually feels like slightly different.
What I think is that you are starting to see a lot more AI
agents, which is actually different to what Tao does as
well. Like Tao is not not about that.
It's about improving the, the, the training data for LLMS and
machine learning models. It's actually a quite different.
What I think you'll, you'll see now it's just like like imagine
an AI bot that does payments for you, you know, like at rug
radio, you could be like, hey, can you send it to these, all
these people at this time each month, like can you build a
schedule for us? Or you could have one And do you
say to it, Hey, could you trade a, could you trade meme coins
for me? Could you trade like could you
trade the top 20 coins right now based on technical indicators
that you've researched, I think we're going to start to see bots
like this. You're starting to see it
already with like content, but I think you're now going to start
seeing them being able to just like do economic activities a
lot more. I'm not too sure if it's a lap
or not, but what you've already said to see with this, with this
fund coin, if you saw this over the last 24 hours, but did you
see this frog? No.
What is it? It's called.
Solana and filtered by volume. It's the number one volume coin.
And on deck Screener wait. On deck, Solana, Yeah.
Terminal Terminal fun is now just trading meme coins.
It's unclear whether it's whether it's like just a laugh
or not, but I think we'll start to see this sort of stuff.
Basically, I think it's up to see AI agents which are able to
just do things for you. Anything that you've been doing
on chain, I think that you like now that you have these like
reasoning level LLMS, I think they're able to do a lot of this
stuff. And I think we're already just
type in AI agents into Google or type type into X.
Right now. It is exploding the amount of
stuff that people are now trying to do with this stuff.
I think there was something out which is that from Kaito, you
know that that sentiment says AI agents of on CT are ramping up
wait until behind they're behind most on chain activity too.
I kind of agree with this sentiment.
I think we're now discussed starts to see the numbers of
differences too. But but yeah, like this is tons.
This is. Crazy.
Look at that. Here's a list of everything that
happened in AI agents this week. Wow, this.
Is a lot. This is broader tech, but you're
now starting to see them in crypto a lot more because
because AI agents, you know, they can't really have their own
bank account and they can't really have like they may be out
of work alongside some of the SWIFT payment routes if you give
them like a like a revolute account or.
AI have those. Yeah, look at.
This. I have those, I have those, I
have those. I have three of those.
Hold on. How much are these worth now?
I top ticked it and then they went down like 80%.
You're telling me they're back? They're back a bit.
Nice. Guys forever.
Nice. You've got AI agents, is a
buzzword in your description. You're probably up.
Yeah, I mean, because you did it way back, right?
But Tyler, Speaking of which, you've been tweeting about this
stuff a lot. What's this thing?
So this is virtual's protocol, it's on base.
And this is where it's a marketplace where you can trade
AI agents. You can create AI agents if
you're a tech savvy and then have people buy them off of you.
And then if you're just a speculator, you can, you know,
buy and trade them and they've got tokens tied to them.
So this Luna is the primary AI agent.
Like you can interact. If you go to Luna, like you, you
can go to its page and there's like a video chat bot that you
can interact with it. It's the leader.
It's up 300% / 47 million, pretty much everything on the
board up somewhere between 2:00 and 30X.
It, it does start to like kind of raise the question of like
the bubble and, and mania because I agree there's, there's
a, there will be marketplaces for AI agents.
There's a good chance like a lot of savvy people will be using
them if they're not already. They're not going to be paying.
I don't know if they're all worth $1,000,000.
Yeah, this, this, this is the stuff that I wouldn't buy.
I just think that you're going to see everyone have this sort
of thing, like we're going to see a progression of what we
just saw with you're starting to see some, some like AI bots on
the centralized exchanges. So like if on Vibe it's
expensive experimenting with them a lot, like you can give
them certain tasks. I think finance has been
exploring a few of these things as well.
Like you can say, hey, do this for me.
I think you're going to start to see on chain versions of that.
Yeah, we're actually talking about implementing agents in
Tamaria since last week. So it was interesting.
I've met a few people it. Exploded I.
Think Elon and Lux, obviously they're the one on top of our
product in tech. So it's not really me.
So I don't know much more about this, but I know that we had a
conversation in Portugal about this and, and how you can use
them within the prediction market when when we go live and
everything in terms of like the public version.
So it's, it's definitely like talk of the moment.
We'll see how people like use them, include them.
But again, I'd be worried buying every single AIAI meme coin out
there. I don't think that Meme coins,
yeah. Like the meme coin?
Aspect of it a little. Bit.
And I think that even the terminal of fun coin, right,
it's the terminal of fun coin, I think is getting a percentage of
the gains of the terminal of fun.
Like that's, that's the value proposition, that's terminal the
story. At least is interesting.
I can tell it real quick. So Terminal fun is an AI agent
that trades punk fun coins and it was having a lot of success
last night. It was publicly trading them and
people were tailing its plays. So of course the tokens were
doing well and the AI agent was very profitable.
I think it made like 700 sole in a few hours last night.
And then the the creator, I think changed the mechanism
where when it's making profits, it's going to start buying and
burning the fun token. So folks like that, but it
pumped to 10 million overnight. It's down a bit.
I think, you know, questions of how sustainable that model is.
But cool idea. And I think the keys are just
accelerating, like more and more of these are coming out every
single day and it's becoming a lot to keep up with.
Yeah, it's definitely a lot. So I guess we'll see where that
takes U.S. market wise. Let's see where we go.
Let's let's play a little like guessing game here.
Where do you guys think we find the next tips bottom?
What do you guys think? We're going this time?
Kaleo is calling 62. I think some people are saying
60. I think Persian traders are
going 6465. What do you think?
When do you when? When do we resume up only here?
I just feel like that's the wrong question to ask.
Like genuinely, I feel like if you're really sitting there
waiting for 67 K to 64 or 63. Or 60K like.
You're just asking the wrong question.
I feel like a lot of these people have maybe missed it and
you're like waiting for the perfect time to get in.
Like we're going to go high. Like I, I, I, I think we may be
in and around, we're going to touch all time highs or around
all time highs around the election and then I think we're
going to break out. Afterwards, two weeks away, 1414
days till the US elections. Like I just it's not a it's not
a question for me if it's like every man, it's like not about
whether we go down to 65 or 62. Like I just, there's really no
doubt in my mind that we're in between now and the next 14 days
where we are higher than where we are now, if not at all time
high prior to elections. Love it, love it.
Totally agree with that. So anyways, it's right here.
It's right now it's very soon looks like this Poly market odds
man are starting to really be crazy compared to the compared.
So actually Tyler, the question Nate Silver, where where's he at
right now? Because that's what you've been
comparing it to. I was just looking at he's at
5347 so or Trump for Trump. Oh, so Trump has pulled ahead,
yes, but still a coin flip and he keeps pointing to it's like
lack of like like it's all coming back to the polling data
and what can you trust in 2024? A lot of models are building
assumptions for how polls ended up being with respect to the
actual results in 2016 and 2020. Super small sample sizes for
this. I think my my point being so
close, I don't I don't it feels too far.
I think Polly Mark has gone too far on Trump.
Like I don't like, I don't think he's.
Hold on you. You tried to tell me that I
didn't reverse closer. Than odds.
I feel like it's closer than that.
Like Vibes and Twitter might tell you it's like that, but I I
think the data tells a slightly different story.
I reverse the odds. It's all.
Around Pennsylvania. Pennsylvania is a literal coin
flip. Pennsylvania is 5050.
Dude, this is wild though 63736 too, like from a trading
perspective, like I could dabble into some Harris right now if I
was trading, you know what I mean?
Yeah. It's not an like.
You could see this. Going up a bit, it's never been
like this. Like you look back on all the
previous elections, it's always been really tight.
This is this is definitely one pulling it weirdly.
Actually, at one stage, I think Hillary was quite ahead of Trump
right before the election, but like when the 1st results came
in on the election, I remember that.
But this is like him pulling ahead.
I do think he's played a blinder in the last couple of weeks.
Like I think he's done that. That speech or that event that
he did in New York, I think went down very well.
It was a funny ass speech by the way.
I watched him I think. McDonald saying it's going down,
but like definitely, I see what he's doing, you know what I
mean? Like I he's, he's, he's like
grabbing the, he's grabbing the attention.
I think in in quite a good way. But I think it's probably, I
don't know, man, part of me thinks that, yeah, like maybe
this just continues to go higher.
Twitter is not the best place to get your information, I don't
think. Of course not, no.
And he's definitely going on quite a actually I saw a tweet
from John Shahid this morning saying JD Vance on Full Stand
podcast, Trump on Theo Von, Kyle speaks the Trump rally, Trump on
Full Stand, Trump on Undertaker podcast, a day with Trump on
Elbow's channel, JD Vance on Theo Von.
Then it looks like they had like another one I saw in the reply,
yeah, Theo was on Vance. Then you had like, they're
really playing that game, it seems.
And the McDonald's thing on Come on, 60th birthday, 60th
birthday. I think that was it.
And then that like comical skit there was just honestly,
actually, if Trump doesn't win this elections, he should go
into like comedy, like stand up comedy because he's so funny.
I, I like to spend a Thanksgiving dinner with this
guy. This guy's pure comedy anyways,
right? I always just like, he just
cracks me up. Anyways, listen, let's go to
Tyler's top 100 and let's go. Let's chat all things wrecked
with Obi because I, I know a lot of people are excited to see
what he's got going up. Tyler D on FOMO Hour calls the.
Kids hand. Yeah, I'll give us a quick
rundown. One of the top stories, Magic
Eden founder Jack Lew. He shared their vision for Magic
Eden becoming a one stop shop for all digital assets, not just
NFTS. This comes after they finally
flipped open C in users over the last year for the first time
ever in their history. So big milestone for Magic Eden.
In other macro headlines, Ripple's founder Chris Larson
donated $10 million in XRP to the Kamala Harris campaign,
going against most of the Crypto X consensus.
We saw the Minneapolis Fed president shares some negative
sentiment towards crypto in a town hall in Wisconsin
yesterday, saying it's almost never used outside of illicit
activities. So he's got some bad information
there. Then we saw Chain Link partnered
with some financial giants like Swift and Franklin Templeton to
automate and standardize corporate actions, data in
protocol and token news. Pump Fund sold 40,000 Seoul on
Monday. It brought their total revenue
to 969,000. Seoul 100. 52,000,000.
They are raking in the revenue. They've sold about 80 million of
that about. 50. Of the soul they've brought in
so a lot of cell pressure there. AVAX shared metrics from off the
grids reach spanning 79 million transactions across nearly 8
million on chain wallets. It's a big, big reach from off
the grid. And Avalanche also introduced
the Avalanche card, allowing users to spend against the
USDCAVAX holdings and more. Scroll announced just 7% of its
Scroll token supply will be distributed in its first AirDrop
with 570,000 wallets eligible. Some disappointment there.
We talked about the virtual protocol AI agent Luna.
She launched Sentient mode 2 point O to help pump the token
to $40 million. Eight chains, first top trader
tournament in the DSD. It's in the books top prize of
$20,000. Twelve 1008 now daily
tournaments running over there and memes and NFTS Mando covered
of AI memes dominating volume led by Fun, Goat Slop and Genon.
Most meme leaders were red on the day.
The Maraud Index is red. Pop cat, though popping this
morning back over the 40. Janet and Fun were top movers on
the day, Flock at 250 million, GOAT back at 450 million.
So still some some big positive stories out there.
And NFTS Board apes and mutants receive shadow tokens of their
NFTS on ape chain. So now board ape holders will
have their own counterpart over on ape chain, but it is soul
bound, not tradable. And then Pudgy Penguins teased
another major new retail partner following Walmart and Target.
So that will be a story to watch.
And that is the rundown. All right, I, I love that
Quickly, Tyler, this pumps on numbers, guys, this is
absolutely insane. What they've made $200 million
in revenue, right? Is that?
Is that what it is? They're watched, yeah.
They've sold about half of it. And I, I think we, we all have
questions. So like it clearly peaked, you
know, in the in July, right And then it like a pretty big dip
into August. I think.
I was kind of skeptical if, if it would come back or if it
would come back anytime soon. I did not expect it to come back
as fast and then go to new all time highs.
I mean they're doing 10,000 sole per day in fees.
Golly, that's crazy. And it's just going up.
That's just crazy. It's insane.
It raises the question like, how long is that sustainable?
I mean, there's actually how you know how this shakes out.
Like I guess it depends on the elections and stuff, but
someone's going to come after them, right?
Like you've, you've created a platform where people can launch
coins. Like it just feels like if you
have this current regulatory environment, how much it's going
to be a bit dicey. I think there's two.
Sides to this though, I think looking at their revenues, how
much soul do you think has been now locked up in burnt LP pools
of all the different coins that have been launched on pump
phone? Is there?
I reckon it's more than 200 million.
So let's find out like is there I?
Actually think Pump Fun is interestingly like it.
It puts a lot of coins in in burnt LP pools which no one can
ever touch again, right? So it looks like there's been
about 2.62 point 6,000,000 coins.
So I'm trying to find out So 2.6 million coins since he's having
kid who graduate. So 2.
How many of them graduated though?
Yeah. Doesn't matter like some of them
have gone up and down like remember like Seoul goes into
the pool. So I don't think it's basically
as bad as as open C for example. Like in this way, you actually
get quite a lot of Seoul locked up and which will never, yeah,
I'll never be touched again. So I think net net is a much
smaller figure and it may even be positive.
I see what you mean. I see you mean like everyone is
saying, hey, they're taking all this soil off and selling it
into cash. But same time what people are
not talking about is that they are locking up so much.
So because of how much LP is LP is being burnt from people
participating in the pump funds, that's what you're saying?
Yeah, I mean, it's not. I don't think it's like praise
to pump fun. No, it's what I'm saying.
You're good business model. Hey dude, I don't have a
business with 400 million a year, you know what I mean?
You know what? I mean that that that Sol is
being a lot of Sol is being locked up in these LP's.
Is Solana ultrasound money? Yeah.
It might be, I don't know if this is like a a net burn impact
on Solana given how much is going into the into the LP's.
I wonder if anyone has that I don't.
Know how big the LP? One of the biggest pump funk
coins like. The biggest pump funk coins is
Mitchy right now, right or how do you see again it's it's.
6,000,000. Oh no, it's goat.
It's goat. Goat Was Mitchy's above flog?
What the fuck is above? Flog.
Yeah, dude, look at this. Is that because it was on the
Mirad list? There's a Oh no, it's.
Not I'm sorry, I don't know why pump font has a second.
OK. Sorry, so all of these have like
which is 163 to 4 million of of locked up and for a lot of these
coins they were much higher at one stage, right?
I mean, let's see how much it's got.
Like goat has seven mil locked up, fog has you have to halve.
It right because half of that is the native. .6612 and seven
between them, like 20 something plus divided by half, so that
between that like 10-12 million locked up.
That's just three tokens. Yeah.
Interesting. I think it's a lot, yeah.
Interesting. Yeah, that is a good point,
Tyler. What else?
What what were some of the of the of the of the big ones?
Yeah. I mean, everything in the AI
world, I mean, coins was the top story.
I think we we've hit that pretty, pretty hard that the
magic Eden news was interesting. Once they have I I think we
anyone who's been following the space knows they they'd flipped
open C on like the one month and three months.
Now they've done it on on the one year.
They're also the top volume decks on the past six months
ahead of blur at #2 there. So so they're winning in volume.
Then yesterday Jack Lew, their their CEO and Co founder, came
out and kind of shared their their vision for the near
future. I think a few interesting
takeaways. They're leaning into user
experience going mobile native. They want all assets, all chains
within their their one Magic Eden app.
So they're going to have support for 10 chains by the end of this
year. And again, looking to expand
beyond just NFTS to to all types of tokens.
They're going to start running community feedback sessions to
get more feedback on the product and ensure transparency.
And then they also committed for the Magic Eden founders tokens
whenever that token launches to have those locked up for at
least 18 months. So I think a positive update,
not like earth shattering news on on any of those fronts.
But I mean, for upcoming air drops that most folks in our
audience and the broader CT that may have a shot to a
participated in, it might be getting some tokens.
It's Magic Eden, an enemy tokens, one of the bigger air
drops on everyone's radar. And it looks like maybe those
diamonds might be more valuable than folks thought a few months
back. Yeah.
If they wanted to follow. You're right, there's a lot
coming up. I mean, did you got Pump Fun
token as well? I think that there's always
some, some, some Twitter Spaces leak, not leak, but you know,
like a recording that went out. You have Magic Eden, you have a
few of them coming up. There's a lot of TGS, dude.
In Q4, in Q1 like that, there's like 100.
There's like 100 plus TGS on the way.
So where did pump fun token trade like 1X annual revenue?
It trades like 200 million. I think higher.
What do we think? Most of the casino tokens trade
around there, right? What do you?
Think I think it's higher just because every DGM will be like
I've got our own pumped up fund, so the multiple is just going to
be a stupid multiple. I think in my opinion, it'd be
north of a billion dollars just because everyone's going to,
just because, just because, like it's.
Probably also going to be called the pump token.
It's good. It's good Ticker.
Yeah, ticker pump has to go to like do.
They are they launching a token? Do they launch a token?
Like I don't need, I don't need to.
I mean they're making shit ton of money already.
Why increase their regulatory list?
They confirmed that. No, Tyler.
They said it on the spaces, they said again on Spaces this
weekend. So some of the major, you know,
media comments went with it. Alan, I interviewed Alan like 5
months ago and he said that was in the works.
So they they've been talking about this for a long time.
I talked to him about him coming on the show, he was trying to
get like a voice changers thing going on.
So I think now they're over the voice changing shit.
So I'll message him, let's get him on the show.
Let's ask him one token face to face.
Mando, what do you think? Pump Fung would open that.
I mean, they've made 200 million in six months or nine months it
it could have a very high valuation.
Yeah. It depends what they do with it,
right? It really depends.
Do they make that the equity or do they not?
Like I really don't see why they need the token.
Like I really don't. Yeah, I guess we'll see what
happens and not from anyways, that's a good roundup.
Love to see this just quickly before we get to over here
rafflebot dot XYZ we're back. We're back with the bots
rafflebot dot XYZ shot DJ for building this.
The code today is wrecked. So just go there and you put in
wrecked is the code rafflebot dot XYZ and we'll talk about
that that we added a couple rules to that.
We'll talk about it later. But anyways, anyways, I know a
lot of you are waiting for this. Let's talk about OV and let's
talk about with OV about all daily market report brought to
you by Rug Radio. What's the word?
Oh, yeah. I just have to play the Jingle.
You know they want to play thoroughly played it now because
people were asking for it. Ovi mean dude, you're all over
my timeline between rec brands, rec drinks, red coin, your Red
Bull Racing collaboration, which by the way is sick.
I mean, how you been, dude? You're like, you're like all
over the place. Seems like a you're cooking.
Yeah, it's been really busy. Like I've been so busy I've
barely even looked at prices. Like today before coming on the
show, I was like, fuck, I don't even know where Bitcoin and
ether don't even know like what my bags are doing.
It's it's been one of those environments.
I haven't really felt like this since like since we launched
wreck guy like two years ago or something like that, where just
really been in like less and like DJN trenches mode and more.
And just like I hate, I hate the term founder and builder mode,
but essentially that's the truth.
That's what I've been doing the last few weeks and months
really, to be honest with you. Yeah, I know.
I love it. I mean, founder mode is is the
best mode and absolutely love to see that.
So Obi, why don't you, you know, you've been teasing you.
You've been teasing a lot. I saw there's a critical meeting
on on Friday. I saw that everybody was super
hyped about it. I mean, every time there's an
announcement for wrecked, the rock radio team chat goes goes
lively and we get a that's how I find out, you know, burn and
between all of them, I get to I get to see everything.
But you know, when, what's all that?
When, when launch? Well, when?
What's going on here? Yeah, look, we are going to be
launching a lot of shit in in the next few weeks, starting
with our drinks launch, which will go go on for sale very,
very soon. And yeah, we're just going to
have a very important critical meeting that I will be called
with Rat guy holders in our Discord that who need to be
briefed on, on on their role and their part in, in everything
that we're about to do. So I just felt like, you know,
we don't, I know you guys, you guys, for example, do a lot of
town halls and other projects do very have very high touch
mechanisms in terms of speaking with the community and all that
kind of stuff. And we don't really do that, you
know, like we've we've really been building behind closed
doors for the last 12 months. And my only interaction with the
community is from the stuff we chat about in the Discord, which
is usually just like memes and banter.
And sometimes I put random shit in my art, like messages and
stuff. And that's really it.
Like we haven't really, I haven't addressed our community
on anything that we've been building or doing in a direct
fashion yet. So yeah, I just felt like, hey,
we want this. We want to have this big meeting
before we launch everything. And I just want to, I just want
every ret guy and everyone who's been part of this community for
the last 2-3 years or even new people who've come on to.
Get that feeling in their balls, get the same feeling in their
balls that I have. So the main plan is to really
just get people that feeling in their balls from from this
meeting. That's the main plan.
As I love that balls definitely tingling here.
You love to see that I mean all your holders are shareholders,
right? So it's important for them to,
it's almost like a board, like a shareholder meeting you're
having in the. Yeah, yeah.
It's not an official shareholder meeting, but you know, it's
definitely everyone. I'd like to think everyone who
is going to be part of that meeting is going to have a stake
in in everything that we're doing so.
Love that love love that so rec drinks are finally launching
they're great. I saw a lot of people receive
them already in the last 10 last three years or today was it do
you get you guys have been doing a really successful farming
campaign. I saw that you're fucking
cooking on that front. I love.
It, I mean, it took off more than we expected it to and we
had some like load issues the last two or three weeks which
are now fixed. But yeah, we, I mean, we have
about 150,000 users on it and yeah, so we have quite a lot.
So, you know, obviously there's going to be some bots and stuff
and we'll be doing the work to filter them out.
But even Despite that, we have pretty large amount of Daus.
So yeah, it's going to be, I think it's going to be bigger
than we think it is and perhaps bigger than what other people
think. But it's been a low key like
pretty aggressive farming thing that's been happening over the
last few weeks. And there's a lot of people
signed up who are very active and obviously our entire
community. But you know, we've on board at
other communities. We had gave bonus points to rug
radio, Girasan, Pudgy Penguins, you know, Red Bull philosophy,
plus lots, lots of other communities meme coins as well,
all the big meme coins. So I'd like to think, and I hope
we've captured a nice slice of what I deem to be like the most
valuable part of of CT and the NFT space.
And yeah, people have been act pretty active farming in in in
large numbers. So we'll see.
We'll see what that translates to, I guess.
That is impressive dude. 150,000 people that I like the way you
guys have been approaching this GTM.
So it's been really cool. So did you get like, are you
going to get drag point, drag points or like on rec rewards
for purchasing drinks? Like is that how it's going to
work? Like what?
You just buy the drink and like you get points for doing that.
Yeah, exactly. So right now you get drank
points for doing all the various social quests we have.
And if you create content, you get drank points as well.
But you're going to get a lot of drank points for purchasing
drinks. So when we launch them, we'll
tell you how many drank points per purchase, etcetera.
And you're just going to be able to purchase them straight from
our website recdrinks.com or the OR the rewards.recdrinks.com
portal as well. And yeah, with all your
purchases, you automatically will be able to get drank points
straight into your account. So yeah, every purchase of right
drinks will give you drank points.
Worldwide if you can, you can buy worldwide the right drink.
Yeah. So you're going to be able to
buy worldwide. The the shipping rates will be
more favourable for like the UK, Europe, US and hopefully Canada.
But we will hopefully ship worldwide.
It just might be a bit more on the expensive side for Asia
because we just don't have those rails yet in place.
Yeah, no, of course. Spear of which?
What the fuck is a drag point? You'll get it's above my pay
grade. That's the official lie.
It's above my pay grade. Cover Meadow.
Help me out here. Help me out, brother.
You're muted. You're hopefully going to find
out very soon. Tyler, what do you think it is?
What do we think? You and I can speculate.
These guys, these guys can't. You're like you can speculate.
I think it's going to be, I think it's going to blow some
people away. I love that song about the Pepsi
points. Are we going to be able to win
like a fighter jet if we collect enough points?
We've seen that documentary, so I can't You should.
You should check it out. I think you're really going to
like that documentary. Is Tabs going to give us a face
reveal on the launch? Tabs, Face reveal, I don't know.
I mean, I met Tabs for the first time earlier this year, and I
think getting a true face reveal will be very tough.
But if anyone wants to head over to the Guadalajara region in
Mexico, you may have a chance to spot a Guadala in his native.
In his native city, Yeah. True story, true story.
And then so you know, what's what's the what's the big
picture play here for for for red drinks?
I mean, I know you know, obviously I get to chat with you
guys a lot. You know, I love love what you
guys are doing since day one black for the people that don't
get to talk to you all the time movie like what's what's your
big picture vision here with with the red drinks?
I feel like this is kind of like I hate comparisons, but for
people who understand, I feel like this is your pudgy toys
moment right when they go into Walmart etcetera.
You know, what's the, what's the big picture play And you know,
how does like that the, the, the, the drinks tied to, to, to
everything that you're building. Yeah, look, the big picture
players 12 months ago, we felt like Retka had a really strong
community, had a really strong brand and we just weren't really
doing anything that it was just APFP project.
We just had this great discord and great community.
So I thought was like, how do we convert what we've done and what
we've created and what we've built into something that's
we've got a chance to really excel and really achieve it's
full potential. So OK, let's just make a real
life product because at the end of the day, with 8000 NFTS, we
can't really like get more people into the brand, right?
Like it's what a wrecked guy costs two grand to buy whatever
it is. Like not everyone's going to be
able to buy that and be part of that community.
So, you know, let's just make, make a real thing.
Let's try and make a product where we can market and get the
brand out there in as many places as possible.
So we thought about maybe like clothing, but everyone has
different tastes and stuff. And then we thought, hey, let's
just make a drink because the red guy is like drinking a drink
anyway. But it's something that we can
like mass produce very cheaply and just get into so many
different events very easily. And you know, it's not like
we're a drinks company that is a web free brand.
We're a web free brand that has a drink.
That's the way I view it. And the drink for us is just
going to be a massive like marketing and branding exercise
where we can just try and get them in as many places as
possible. And that we've just manufactured
250,000 drinks between the UK, Europe and the US So it's pretty
like there's a lot of drinks out there.
Yeah, there's a lot of fucking drinks.
Holy shit 200,002? 150 thousand yeah, 50,000 yeah,
half actually about 60% in the in Europe and 40% in the US So
my thought is look, if we can sell out all these drinks, then
that's 250,000 places the Retch brand is going to be in across
the world globally, right? Which I think is a much more
infinitely more powerful thing than just what we do on Twitter
or or Discord and whatnot. So that's the main aim.
And you know, I think a great example of someone who's done
this really well is is Luca and pudgy Penguins.
And look at the footprint they have now not only in web 3 but
also in the traditional world. And I think you just need to
have some sort of like IRL product that people can see,
touch, feel and in this case actually taste as well to really
get an idea of the brands. That's the whole plan.
That's the idea we had 12 months ago, more than 12 months ago,
and we've been working really hard to get this over the line
and we're very, very, very close.
We're almost there now. This is so exciting, so
exciting. I hey I mented my DJs.
Buggy 3 years. Ago, you know, the vibes, you
know, like remember the comics with the DJs, you know and all
that. So I, you know, been there, been
there, been there, done that since this is a very, very first
day and I know a lot of your community has, so this is super
exciting, dude. I cannot wait quickly though,
and then we'll get to the giveaways here and, and, and
spend, dude, nothing to do with all this.
How was the Red Bull collapse? This is so freaking sick.
I mean, you gotta call the Red Bull Racing dude.
So cool. Yeah, it's been, it's been a
really cool experience. Like I think, you know, when I
started doing the art stuff about 3 years ago, I was just
like making stuff for fun and shit that came to my head
putting on canvas and. Yeah.
It was cool when someone bought a piece and that thing was very
special, but I never really envisaged doing any of this
brand work with such big brands. And I think, you know, through
Dunked Cookie and Cage we got introduced to Red Bull Racing
and they've done a few drops already, obviously with Snow
throw, Jack Butcher, Martin Grasser, etcetera.
So they reached out to me to see if I was interested.
I'm like a, I'm a huge sports fan, as you guys know, like I
just love all sports and they couldn't really say no.
So that was just an amazing, it's a really cool opportunity
for me as an artist, but also for all the stuff we're doing
with Rex to partner with such a big brand.
And this is like also the other reason why I've been so busy
because we've been trying to do all the Rex drink stuff, all the
stuff with the farming. And on top of that, I've been
working this Red Bull drop at the same time.
So I've really just been like maxed out, maxed out in terms of
time. So yeah, it's been a really
great experience and and looking forward to doing the drop like I
haven't done a big drop like NFT drop like this in a long, long,
long time. So a little bit nervous because
I know the NFT market has been up and down and is not the
strongest it has been, but I'm. Hopeful that are's doing good.
Yeah, are's doing good. I'm hopeful that people like
what we have here. And look, we have this main drop
which is a collection of 222, but then we have this air drops
drop to velocity pass holders, which I've also spent a lot of
time on. And it's like it's a proper
drop. It's not just like an addition
that we're air dropping and that's going to be for free for
for their community. So I'm hopeful that that will do
well as well. Yeah, I mean, love that, Love
that, love that. Listen, I need you to keep
speaking because Seoul's at 170. So I don't know.
I know your stuff is not you guys, not Solana per SE, but it
is working. So this is this is working.
So I need you to keep going because you're pumping the
markets right now. Aside from Ethereum, everything
is pumped right now but ETH, so I need you to keep going.
But anyways, congratulations over on everything.
Love to see that. Of course, please come back more
talk about I think people love it and congratulations.