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Yo-yo, what up? 
What up? 

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Good Morning Morning GME Tuesday
April 2nd 2024444. 

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Look at that. 
Another beautiful day to have a 

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beautiful day. 
Formal hour Episode 89 and I got

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my Co host in the house. 
Mando, how are you doing this 

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morning? 
Good, busy, busy, busy, busy 

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today. 
The robot order books, huh? 

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Ton of other stuff. 
Loads of meetings. 

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Yeah, crazy day. 
Crazy. 

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Crazy. 
Yeah, I mean the meeting front. 

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Oh, there you go. 
Let me add you on stage. 

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The meeting side is definitely 
crazy. 

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When I go on a trip and I come 
back, it's like, especially when

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I'm across the world. 
So I cancel all my meetings, 

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right, Because I always can't do
meetings in Hong Kong. 

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So. 
So when you're back is I I see 

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my schedule. 
It's just like it's all blue. 

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No, it's not even white. 
It's all blue. 

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I have to put in times for me to
go like eat so that EV doesn't 

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schedule on top of it. 
I have to like figure out even 

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Jim. 
I go, Jim, don't book it 

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anyways. 
What do we got? 

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I mean what? 
What a day, what a day, what a 

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day, what a day. 
I mean, it was over and it's 

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seemingly not over anymore. 
Or maybe it is. 

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I don't know. 
I have so many tabs open. 

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I must have like 15 charts on my
screen at the same time. 

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But it was seemingly over. 
Maybe not, but we'll talk about 

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that cause today on the show. 
Oh yeah, we're back. 

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We're back. 
Look at that. 

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We're back today on the show 
today. 

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I don't even remember which. 
Hold on, where did I open this 

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tab? 
Oh, there it is. 

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I I generally have a lot of tabs
open right now. 

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It's it's a lot. 
It's a lot. 

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Shout out to I like tabs Today 
on the show, today, today, Daily

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Market Report, as usual, crypto 
macro, all that good stuff. 

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Let's talk about The Great Nuke 
of April 2nd, 2024. 

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This is what happens when 
everybody making April Fools 

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jokes on the timeline. 
On April first you get a nuke, 

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on the next day you deserve it. 
Including myself. 

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It's OK Don't worry, we'll be 
your fork in like 3 days. 

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It's just NFTNYC week. 
It's always like that. 

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And then first dogs. 
Now cats. 

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Meow. 
Which cat? 

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Which cat's going to win this 
race? 

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I mean we saw someone went as 
far as stalk you think Onsen's 

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family to find that they have a 
cat and they found the cat's 

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name and then the cats has done 
more volume than all NFTS in one

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day wild. 
I don't own any of that cat. 

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I have every other cat though 
that one but I never get. 

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So we'll we'll see what's going 
on that front. 

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Anyways NFT that's we have meme 
land. 

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That was not a joke by the way 
Meme net launching. 

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So you have another meme coin 
chain launching so shit's about 

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to go crazy Pixelmon releasing 
anime trailer. 

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So things are still popping on 
the gaming side. 

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And then today's guest partner. 
Actually we have a sponsor on 

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the show today. 
RSS three are going to come and 

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talk to us about what they're 
doing, what they're building. 

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And last but not least, robot 
spins. 

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Now one thing they were, it was 
really buggy today. 

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And what happened? 
I could not add any NFTS. 

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Almost. 
I managed to maybe add 10 red 

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guys and like 5 pudgies. 
I came out everywhere. 

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We did nothing. 
So what I did is I upped all the

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wins. 
So you have 10% chance to win a 

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red guy. 
Like there's a lot of chances to

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win high NFTS. 
The root boxes are more 

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expensive. 
So instead of doing 4 or 5K 

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spins, we're going to do three, 
six and a half $1000 spins. 

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Same thing. 
We promised 20K, it'll be 20 K 

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but you have a higher chance of 
winning. 

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So it could hit big today. 
Like the cheapest thing in there

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is a red guy and the floor is at
.7. 

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So so you there's a big chance 
of winning today. 

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Up to odds on everything. 
And last but not least we do 

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have a new show title sponsor 
Fairside fairside dot 

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XYZFAIRSIDE dot XYZ Industries 
trusted crypto theft coverage. 

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You know what that's about. 
Make sure you get your funds 

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stolen. 
Check out fairside dot XYZ top 

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right. 
You're going to see them on the 

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00:03:59,280 --> 00:04:00,680
stream if you're on video with 
us. 

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And without further ado, without
further ado, let's get right 

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into it, because my boy has got 
to get back to the order books. 

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Yeah. 
So what is day? 

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We'll actually have 36 hours. 
Like Bitcoin was at 72 K 

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basically as we went to bed on 
Sunday and this morning it was 

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at 60, 64. 
So kind of a wild move, about 

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1213% move in Bitcoin in 36 
hours. 

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One of the biggest moves we've 
seen in a long, long time, 

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slightly different than some of 
the others because this wasn't 

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really a levered wipeout. 
Like there was quite a bit of 

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leverage, like 300, four, 100 
million liquidations, but 

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nothing crazy. 
This has been more direct 

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selling and two main things that
people are pointing to here, 

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firstly is the ETFs again looks 
like it was another outflow 

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yesterday for the ETF. 
Grayscale came back and dumped 

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another 300 million. 
They they had been slowing down 

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on Thursday and Friday last 
year. 

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So the idea that there's even 
more to sell, I think the market

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took it pretty pretty badly. 
And the second thing is what's 

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been going on macro which is 
there was some inflation data on

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on Friday which is kind of in 
line, nothing that crazy. 

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But yesterday we had some what I
would say is a second tier piece

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of American economic data which 
just showed that the market was 

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slightly was recovering slightly
better than expected and rates 

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went a lot higher. 
So interest rates are at their 

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heart like multi month highs now
and a lot of expectations now 

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that the Fed is not going to cut
rates three times, only two 

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times. 
This is all going into Friday, 

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which Friday's going to be the 
non farm world's day which 

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should be relatively important. 
It's maybe that's what's caused 

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the crypto to sell off gold, 
which you would also assume 

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would sell off with that has is 
actually at all time highs and 

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it's just hanging out there. 
So I don't know. 

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I think the market's just trying
to maybe find a reason to sell 

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off that sort of moving rate we 
haven't really cared about. 

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In fact, crypto has barely cared
about macro for a while now. 

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Like this last time I've really 
brought up something significant

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for a while and people just 
think are just pointing for 

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reasons. 
I think yesterday was a low 

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volume day in many markets were 
closed and crypto is one of the 

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only ones that was open. 
So up until the US open it still

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felt like it was one of the 
highest beta assets to kind of 

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punt around at all hours for a 
lot of people. 

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So I think it was it was partly 
that we have as soon as the US 

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opened we rebounded about well 
nearly two grand now on Bitcoin.

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So not all amount but yeah as 
soon as the US opened we've 

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we've rebounded slightly stocks 
are still down today and it's on

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that now as if I was just 
talking about. 

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But just yeah, interesting 
people are definitely pointing 

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to this and I do think that if 
the market will use it and then 

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it will be. 
So people will now be looking 

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forward to Friday to see what 
this inflation, sorry this, this

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jobs data will be. 
I'm of the view that this is 

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nothing crazy like two rate cuts
versus 3 is not. 

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It's not the end of the world 
and the US economy is still 

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doing good. 
It's still growing like 3 to 4% 

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a year and inflation may be 
ticking like marginally higher, 

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but we're not talking about 
anything crazy. 

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And even then like some if you 
go to like true inflation for 

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example, it shows inflation 
going lower. 

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So we're not in a world where 
we're going to see crazy levels 

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inflation. 
But it I think it just points to

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how sensitive Bitcoin and crypto
is becoming. 

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This is the most volatile crypto
has been for many, many months 

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like many, many months. 
This up down 12% in 36 hours 

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like that never happened kind of
throughout 2023, right, Like we 

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had periods of it doing nothing 
for just is is. 

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That due to the fact that 
there's just so much more volume

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and activity coming into the 
Bitcoin, but also the price of 

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it, like you'd figure at four, 
at 15 to 25 K, it's harder to 

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have this volatility. 
But now, yeah or or no, is that 

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I think? 
You can have volatility at any 

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any price. 
In fact, normally bigger assets 

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have at least or less volatile, 
right like. 

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Right. 
The price of Apple stock doesn't

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move as much as a penny stock, 
for example. 

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So this has surprised me at the 
level of volatility that we've 

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started to see come back into 
the market, particularly in some

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of the majors, right, Like 
Ethereum basically just dropped.

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Similarly like 20% or 15%. 
Solana went from 2O5TO175 in the

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space of hours like these are 
now 100 million dollar, $100 

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billion. 
Sorry. 

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So it has surprised me 
particularly because leverage 

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has not been that high like it's
not been a situation as in the 

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direction of leverage hasn't 
been that high. 

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Open interest is still high 
across the board, but. 

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People were just dejeting on 
memes rather. 

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Than leverage actually. 
So, so a lot of the the high 

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risk bits of the market have not
been in in lever trading, which 

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is when you get those Wicks down
you see these big moves. 

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So this has definitely been 
right. 

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Like what the Hell's going on? 
Because this isn't just a 

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levered Wick take out. 
This is like people freaking out

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over something I have. 
A question. 

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Yeah. 
I saw I read somewhere that 

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there was a ton of like shorts 
that were going to get 

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completely wrecked at 7275 K 
range for Bitcoin. 

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Could that be correlated to like
they trying to like hammer 

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Bitcoin? 
Because it seems like do you 

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think I guess my question is 
everything's down on Bitcoin 

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being down. 
Not everything's down because 

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the market was frothy or 
anything, clearly because it 

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doesn't seem it was froth. 
I know people like to say the 

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meme core mania is froth, but I 
think it's just people in 

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training space gambling on shit.
But like, this is all like a 

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Bitcoin wipeout that's wiping 
the rest of the market, no? 

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Do you think this? 
This market did not look 

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00:10:12,880 --> 00:10:15,600
particularly frothy to me on 
Sunday night. 

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00:10:16,400 --> 00:10:17,480
Right. 
I mean, the new stuff is 

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separate. 
There are times when it is. 

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00:10:19,400 --> 00:10:21,520
There are times when it does 
feel like that when leverage is 

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00:10:21,520 --> 00:10:23,960
really high and funding is very 
high. 

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00:10:24,360 --> 00:10:26,000
But actually it didn't seem like
that. 

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In fact, you saw some very 
healthy metrics coming through 

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00:10:28,480 --> 00:10:31,520
in terms of like number of 
addresses and everything had 

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00:10:31,520 --> 00:10:33,200
felt OK. 
So this definitely felt as 

200
00:10:33,200 --> 00:10:39,240
though the market got spooked 
yesterday and on a low volume, 

201
00:10:39,520 --> 00:10:42,440
the volumes were not high 
yesterday across the market like

202
00:10:42,440 --> 00:10:44,720
it was because of the the the 
general holiday. 

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00:10:45,400 --> 00:10:50,400
So this and then going into 
today, I just think asked that 

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00:10:50,600 --> 00:10:54,120
that that economic data 
yesterday people are now getting

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00:10:54,120 --> 00:10:57,480
more worried about inflation. 
I don't know what to say. 

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00:10:57,480 --> 00:10:59,560
Like this does feel slightly 
different than some of the other

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00:10:59,560 --> 00:11:04,440
sell offs in that this is more 
sustained right. 

208
00:11:04,440 --> 00:11:09,240
Like this isn't just a oh we've 
wicked down because everyone was

209
00:11:09,240 --> 00:11:12,440
like 100 X levered on Bitcoin 
and and how we fell the Wick. 

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This this has happened over the 
course of multiple hours and 

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00:11:16,920 --> 00:11:20,640
each each bounce has just been 
smashed lower. 

212
00:11:22,160 --> 00:11:24,480
So I think I think it was both 
of those things. 

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00:11:24,480 --> 00:11:26,520
It will be interesting to see 
how today develops. 

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00:11:26,520 --> 00:11:30,720
I did buy Solano, bought some 
doge just on this move. 

215
00:11:32,440 --> 00:11:35,040
Yesterday and this morning, but 
not the majors. 

216
00:11:36,760 --> 00:11:38,040
Yeah, that's one of my favorite 
memes. 

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00:11:39,640 --> 00:11:44,720
I'm I I was buying majors yeah. 
But I it's if you take a step 

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back the way the market is just 
set up, Bitcoin just hit a lower

219
00:11:48,680 --> 00:11:52,560
high, right. 
So it remember it's hit 74 K 

220
00:11:52,560 --> 00:12:00,000
roughly went down to whatever it
was 606061 K and then we've gone

221
00:12:00,000 --> 00:12:02,200
back up but we haven't quite hit
that last high. 

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00:12:02,200 --> 00:12:06,240
So we've gone back up and we've 
stopped out around 70K and now 

223
00:12:06,240 --> 00:12:08,800
we've gone back down. 
Now it's interesting to see if 

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00:12:08,800 --> 00:12:13,240
we hit a lower low, you know if 
we go down to like 58 K or 50, 

225
00:12:14,040 --> 00:12:18,440
you know or high 50s, that would
be probably a bearish sign 

226
00:12:18,600 --> 00:12:20,840
because that would indicate that
the market is now trending 

227
00:12:20,840 --> 00:12:25,040
slightly lower. 
If we kind of bounce here, you 

228
00:12:25,040 --> 00:12:28,960
know, or bounce higher than and 
where that last low was, so 60K,

229
00:12:28,960 --> 00:12:30,200
let's say we bounce around. 
Here. 

230
00:12:30,200 --> 00:12:32,920
Right 62. 
This one on the hour, on the 

231
00:12:32,920 --> 00:12:34,440
day. 
Oh, let me pull out the day 

232
00:12:34,440 --> 00:12:35,440
chart. 
It's easier. 

233
00:12:36,000 --> 00:12:38,320
So yeah, it. 
Doesn't, I mean I'm just 

234
00:12:38,520 --> 00:12:41,880
speaking in general like 61 K 
looks like was where we kind of 

235
00:12:42,160 --> 00:12:45,480
we bounced. 
So if we bounce, if we hit a 

236
00:12:45,560 --> 00:12:48,560
higher low now it would indicate
that we're going to go into like

237
00:12:48,560 --> 00:12:52,320
a channel, right, of lower, 
lower highs, higher lows and 

238
00:12:52,320 --> 00:12:54,280
we'll just, we'll be in this 
channel for a little bit. 

239
00:12:54,920 --> 00:12:57,160
And that would normally be 
considered like a period of you 

240
00:12:57,160 --> 00:12:59,520
know, consolidation or or maybe 
even accumulation. 

241
00:12:59,880 --> 00:13:02,120
I suspect that's what we're 
about to go into. 

242
00:13:02,640 --> 00:13:04,520
We're like we haven't got enough
strength to breakthrough the all

243
00:13:04,520 --> 00:13:09,280
time high and we're not bearish 
enough to smash through the most

244
00:13:09,280 --> 00:13:12,160
recent low. 
So we probably could hang out 

245
00:13:12,160 --> 00:13:15,680
here for a little bit, which you
know that was a proper fake 

246
00:13:15,680 --> 00:13:18,920
breakout from Sunday, Sunday 
when we were at 71 1/2. 

247
00:13:18,920 --> 00:13:20,720
It really felt like we were 
about to smash this all time 

248
00:13:20,800 --> 00:13:25,440
high again and now it feels like
we could be in this channel for 

249
00:13:25,440 --> 00:13:27,200
a while. 
You know, we've been in this 

250
00:13:27,200 --> 00:13:32,520
channel now for a month that's 
that indicates that, you know, 

251
00:13:32,520 --> 00:13:34,600
we're probably going to hang out
here for a for a little bit 

252
00:13:34,600 --> 00:13:38,280
longer, you know, got the 
halving in 20 days. 

253
00:13:39,160 --> 00:13:41,800
I'd be unsurprised if we stayed 
in this channel now for for the 

254
00:13:41,800 --> 00:13:43,320
next 20 days. 
It's funny. 

255
00:13:43,440 --> 00:13:46,880
I, I, I and I think a lot of 
people have said that we'd be 

256
00:13:46,880 --> 00:13:52,080
ranging in the in this high 60s,
low 70s up to the halving. 

257
00:13:52,440 --> 00:13:55,280
I I've I've personally heard 
this from a lot of people across

258
00:13:55,280 --> 00:13:57,560
the board of course like there 
was like at some point you're 

259
00:13:57,560 --> 00:13:59,240
like oh it's going up so how you
think you're going to hit that 

260
00:13:59,240 --> 00:14:03,120
100K mark but but really like I 
think we even on the show you 

261
00:14:03,120 --> 00:14:05,680
guys always said that we're 
going to probably look at 

262
00:14:05,840 --> 00:14:08,200
towards the upwards but towards 
the halving we're going to be 

263
00:14:08,200 --> 00:14:11,040
similar you know I I don't mind 
I think going to the halving at 

264
00:14:11,040 --> 00:14:13,400
like 69 K like previous all time
high is not that bad either 

265
00:14:13,400 --> 00:14:16,720
right. 
No, no, but it's it's it's just 

266
00:14:16,720 --> 00:14:20,680
something to be wary of like 
this is a market where and it 

267
00:14:20,680 --> 00:14:21,680
felt like that. 
Do you remember? 

268
00:14:22,160 --> 00:14:24,160
I mean, I don't even know if we 
get new listings on the show, 

269
00:14:24,160 --> 00:14:26,480
but like we were doing this show
when Bitcoin was ranging between

270
00:14:26,480 --> 00:14:29,960
25 to 30 K and we have a. 
Lot of new listeners, yeah. 

271
00:14:30,760 --> 00:14:33,440
And you know, every time you 
thought you should buy that 

272
00:14:33,440 --> 00:14:36,160
breakout, you got smashed 
slower. 

273
00:14:36,240 --> 00:14:40,880
And every time you got overly 
garish and you know all the 

274
00:14:40,880 --> 00:14:43,000
shorts are on the timeline 
telling you you're going to 

275
00:14:43,000 --> 00:14:46,040
like, you know, 10K you were 
meant to buy it. 

276
00:14:46,400 --> 00:14:49,720
It does feel like this is the 
sort of period where you have to

277
00:14:49,720 --> 00:14:51,040
trade your own emotions 
slightly. 

278
00:14:51,320 --> 00:14:54,520
So I'd be very, very wary of 
getting overly bullish at 

279
00:14:54,520 --> 00:14:58,560
something on this market if 
we're like 5% from all time high

280
00:14:58,880 --> 00:15:02,200
and I would be, I would be 
bullish if everyone's getting 

281
00:15:02,200 --> 00:15:06,640
bearish at the you know if we go
down to like 61 K because that 

282
00:15:06,640 --> 00:15:10,880
feels like a good risk reward 
trade to me so and again. 

283
00:15:10,880 --> 00:15:13,240
That's mostly for the folks that
you know kind of trade like you,

284
00:15:13,240 --> 00:15:14,520
right. 
Like a lot of people trade like 

285
00:15:14,520 --> 00:15:17,160
leverage would not like this. 
Like if you're just spot even in

286
00:15:17,160 --> 00:15:18,240
the. 
Spot right. 

287
00:15:18,240 --> 00:15:22,880
Like people we're up a lot. 
Like I'll be very wary of of 

288
00:15:23,160 --> 00:15:25,240
just fade your own emotions each
each day. 

289
00:15:25,360 --> 00:15:27,520
That's what I would say. 
Like if you woke up on Sunday 

290
00:15:28,400 --> 00:15:31,480
and felt like you needed to own 
every single meme point, every 

291
00:15:31,480 --> 00:15:36,520
single, every single major 
levered, like you don't have to 

292
00:15:36,520 --> 00:15:37,600
attack me. 
Like that your own. 

293
00:15:37,600 --> 00:15:39,240
Warnings. 
That's your own warning signal, 

294
00:15:39,240 --> 00:15:41,640
I think. 
On the show, in public. 

295
00:15:42,280 --> 00:15:43,000
I'm kidding. 
I'm kidding. 

296
00:15:45,120 --> 00:15:49,920
I'm kidding, yeah. 
From from November to wherever 

297
00:15:49,920 --> 00:15:53,160
it was a month ago, you should 
have when you've got that 

298
00:15:53,160 --> 00:15:54,920
feeling of like, right, 
everything's going hard, you 

299
00:15:54,920 --> 00:15:56,240
should have bought literally 
everything. 

300
00:15:57,360 --> 00:15:59,680
You probably, you would have 
made a lot, lot of money, you 

301
00:15:59,680 --> 00:16:03,320
know, and this market is now 
telling you twice. 

302
00:16:03,520 --> 00:16:06,680
We've had two times. 
That's happened that you 

303
00:16:06,680 --> 00:16:08,600
shouldn't be feeling like that, 
so just be. 

304
00:16:10,040 --> 00:16:12,240
No, that makes a lot of sense. 
That makes a lot of sense. 

305
00:16:12,480 --> 00:16:15,720
We'll see where that takes us. 
But look, it looks like on the 

306
00:16:15,720 --> 00:16:22,440
back of this, we're now Solana 
went down to what, 175 Solana, 

307
00:16:22,440 --> 00:16:27,680
that was Solana, you're talking 
volatility on, on, on, on on 

308
00:16:27,680 --> 00:16:29,520
Bitcoin. 
I mean, Solana has been like 

309
00:16:30,400 --> 00:16:33,200
volatile as fuck. 
Like, that's been crazy from 

310
00:16:33,200 --> 00:16:37,400
that one, really. 
Solana move less or moves around

311
00:16:37,400 --> 00:16:39,160
the same. 
Actually, it it's because it's 

312
00:16:39,160 --> 00:16:41,560
bigger numbers, right? 
It wants 205 to 175. 

313
00:16:41,640 --> 00:16:43,880
What is that 175 over 205? 
Yeah, let's. 

314
00:16:43,920 --> 00:16:44,960
Get it? 
Here I I have it. 

315
00:16:44,960 --> 00:16:48,200
That is a. 
Yeah, 14% move nearly and then 

316
00:16:48,200 --> 00:16:51,320
Bitcoin move from, you know, 
literally the same. 

317
00:16:51,520 --> 00:16:55,760
Look at it literally the same. 
So Etherium is the. 

318
00:16:55,760 --> 00:16:59,320
Biggest Loser over 24 hours. 
Yes, etherium's been 

319
00:16:59,320 --> 00:17:01,720
underperforming like that ratio 
against Bitcoin has gone lower 

320
00:17:01,720 --> 00:17:02,880
and. 
Everything else. 

321
00:17:03,120 --> 00:17:06,200
But I think the the thing that 
got a lot of people is that 

322
00:17:06,240 --> 00:17:09,040
everyone was mega bullish on 
Solana at 200. 

323
00:17:10,319 --> 00:17:13,000
You know it felt like it was it 
was going to smash through very 

324
00:17:13,000 --> 00:17:15,240
easily because of the amount of 
activity that was going on, on 

325
00:17:15,240 --> 00:17:19,000
chain and that really kind of 
brings you down to earth, same 

326
00:17:19,000 --> 00:17:21,880
thing like whiff, right? 
Whiff whiff went from 4.6 down 

327
00:17:21,880 --> 00:17:28,359
to 3.6 and is now down at 4 like
the volatility is who knows what

328
00:17:28,400 --> 00:17:30,560
on WIF. 
Though who knows what? 

329
00:17:30,600 --> 00:17:33,920
Because I mean, even OV pinged 
us because OV is not because 

330
00:17:33,920 --> 00:17:37,360
he's travelling, but he's like, 
yo, this thing's back to $4.00. 

331
00:17:37,360 --> 00:17:39,560
There's something going. 
Somebody knows something? 

332
00:17:40,600 --> 00:17:42,880
Did buy some of that with with I
just. 

333
00:17:42,960 --> 00:17:44,840
I took it off just as we went 
live on the show. 

334
00:17:44,840 --> 00:17:48,520
Oh, you were? 
Long that's that's I mean you're

335
00:17:48,720 --> 00:17:51,720
you're playing on a different 
level dude logging and sorting 

336
00:17:51,760 --> 00:17:54,240
like the I I'm just spot I'm 
comfy in the spot I was actually

337
00:17:54,240 --> 00:17:57,920
trying to get I was hoping with 
CV even like 3335 on the way so 

338
00:17:57,920 --> 00:18:00,440
I could keep buying I mean I 
accumulated before leaving to 

339
00:18:00,440 --> 00:18:05,520
Hong Kong large size around 2/5 
to 2/8 so I bought a 28 and then

340
00:18:05,520 --> 00:18:09,000
all the way down to two five and
then traveled came back it was 

341
00:18:09,000 --> 00:18:11,680
nearly 2X. 
I'm pretty happy and when I saw 

342
00:18:12,600 --> 00:18:14,600
I see that four is our new 
resistance. 

343
00:18:14,600 --> 00:18:18,080
Resistance here, I'm, I'm pretty
comfy like I I'm not trying to 

344
00:18:18,080 --> 00:18:19,720
get out of I mean. 
I agree. 

345
00:18:19,720 --> 00:18:22,600
I would say that out of all the 
charts out there, whiff is the 

346
00:18:22,600 --> 00:18:26,200
most scary if we do go lower 
because like it is. 

347
00:18:27,040 --> 00:18:28,600
Look bring up every. 
Single chart and they've had 

348
00:18:28,600 --> 00:18:31,120
this like double consolidation 
period for the last month. 

349
00:18:31,360 --> 00:18:34,880
Whiff has not consolidated, it's
just gone higher, it's just gone

350
00:18:34,880 --> 00:18:36,280
higher. 
I mean there's no like, oh, 

351
00:18:36,280 --> 00:18:38,440
we've hung out around this area 
a little bit. 

352
00:18:38,560 --> 00:18:39,440
So it's about. 
Here, here. 

353
00:18:39,440 --> 00:18:43,440
It didn't hear. 
It didn't hear right there for. 

354
00:18:43,600 --> 00:18:46,720
For a very short period, but 
like look at look at everything 

355
00:18:46,720 --> 00:18:50,080
else. 
March. 10 All 10 Seven days. 

356
00:18:50,080 --> 00:18:52,720
Seven days. 
You're right. 

357
00:18:52,720 --> 00:18:54,160
You're right. 
Let me let me pull up the Daily 

358
00:18:54,160 --> 00:18:57,000
Ongo if it makes more sense 
even. 

359
00:18:57,080 --> 00:19:00,360
Like every other major meme coin
has done that. 

360
00:19:00,360 --> 00:19:03,680
Like look at Doge, look at, look
at Pepe, look at, look for 

361
00:19:03,960 --> 00:19:05,640
higher. 
Same for even our base meme 

362
00:19:05,640 --> 00:19:08,560
coins like D Gen. higher. 
I mean, look at D Gen. 

363
00:19:08,560 --> 00:19:11,280
I mean, let's look at DJ in 
right now, 'cause that was one 

364
00:19:11,280 --> 00:19:12,880
of the big narrative going on 
base right now. 

365
00:19:12,880 --> 00:19:15,960
It's that what 15 could retrace 
there. 

366
00:19:16,840 --> 00:19:19,120
My biggest scare on the base 
coins is that ETH is not 

367
00:19:19,120 --> 00:19:21,680
performing so well. 
But The thing is if and when, 

368
00:19:22,000 --> 00:19:24,280
and I'll say when, 'cause I'm 
one of those people that it's 

369
00:19:24,280 --> 00:19:26,000
going to put out there. 
The DTF gets approved. 

370
00:19:27,000 --> 00:19:29,320
ETH ribs, base coins go fucking 
crazy. 

371
00:19:29,320 --> 00:19:31,520
Actually, I was saying OV 
yesterday, Mando, I I think when

372
00:19:31,520 --> 00:19:32,880
you laugh, we were talking a 
little bit about it. 

373
00:19:32,880 --> 00:19:35,000
I think I'm going to take the 
bet on polymarkets. 

374
00:19:35,600 --> 00:19:39,480
It's five to one, $1000 size. 
We've lost more in that 

375
00:19:39,480 --> 00:19:41,440
gambling. 
Like, you know what I mean? 

376
00:19:41,440 --> 00:19:44,880
Like it could be a fun shot, but
I I kind of like it. 

377
00:19:44,880 --> 00:19:46,480
I think, I think we're going to 
get it. 

378
00:19:46,480 --> 00:19:48,120
Surprisingly. 
I think it's going to be one of 

379
00:19:48,120 --> 00:19:52,120
those things like I love that 
the market is like considering 

380
00:19:52,120 --> 00:19:55,000
that it's not happening and so 
ETH is just like hovering at 

381
00:19:55,000 --> 00:19:57,120
these price points and 
underperforming everything else.

382
00:19:57,120 --> 00:19:59,240
I think that it would be 
surprising to people. 

383
00:19:59,240 --> 00:20:02,160
I know board Elon is here. 
Probably musiced his ears here 

384
00:20:02,440 --> 00:20:04,760
we we doubled down on the bet. 
You know the bet I lost to him 

385
00:20:04,760 --> 00:20:06,720
that ETH would hit 4K before 
Solana. 

386
00:20:07,000 --> 00:20:10,520
Funny because then ETH hit the 
shit and then so I went to 200. 

387
00:20:11,040 --> 00:20:14,760
But then we doubled down. 
So now the bet is he wanted to 

388
00:20:14,760 --> 00:20:18,320
bet ETH 8K before 400 soul. 
So I doubled down on the bet. 

389
00:20:18,320 --> 00:20:20,160
That's a. 
Good bet, yeah. 

390
00:20:20,200 --> 00:20:22,240
So I had to take that, right? 
Because I already paid him out 

391
00:20:22,240 --> 00:20:24,800
his half an ETH. 
And so I doubled down on the bet

392
00:20:25,040 --> 00:20:26,080
with him. 
And he's a good sport. 

393
00:20:26,080 --> 00:20:28,240
He was like, fuck it, right? 
Like it's an it's. 

394
00:20:28,240 --> 00:20:30,400
So he was a good sport about it 
and like, let's let's just go 

395
00:20:30,400 --> 00:20:31,560
again. 
Maybe. 

396
00:20:31,640 --> 00:20:33,640
Maybe they won't even get there 
till the next cycle, guys. 

397
00:20:33,760 --> 00:20:39,680
Maybe you'll be here in in. 
We we said we we said $1000 coin

398
00:20:39,680 --> 00:20:42,120
on the show. 
What now you got in 400? 

399
00:20:43,240 --> 00:20:45,920
God damn it man. 
Though shitting on my parade I'm

400
00:20:45,920 --> 00:20:47,440
not as. 
Delicious as OSF over Keith, 

401
00:20:47,480 --> 00:20:48,880
This is a. 
Super exciting. 

402
00:20:48,880 --> 00:20:51,200
I'm kidding. 
Anyways, the other thing that's 

403
00:20:51,200 --> 00:20:53,560
that's trending on in this world
and I just saw this. 

404
00:20:53,560 --> 00:20:55,040
Sims. 
Wow. 

405
00:20:55,120 --> 00:20:57,720
I just saw this. 
This is glorious. 

406
00:20:58,280 --> 00:21:01,160
Today's show This is today's 
show graphic. 

407
00:21:02,400 --> 00:21:05,960
It just went live 4 minutes ago.
Amanda, let me ask you 

408
00:21:05,960 --> 00:21:08,200
something. 
Cats or dogs? 

409
00:21:08,320 --> 00:21:11,040
Do you prefer cat like IRL? 
Do you prefer cats or you prefer

410
00:21:11,040 --> 00:21:13,640
dogs? 
Dogs for sure. 

411
00:21:13,760 --> 00:21:16,560
You're a dog guy. 
I'm a dog guy. 

412
00:21:16,560 --> 00:21:21,800
Now in Crypto Cats or dogs? 
I think that's that's obvious as

413
00:21:21,800 --> 00:21:24,160
well. 
Yeah, I I do think, you know, 

414
00:21:24,160 --> 00:21:25,720
crypto is this thing for like, 
cats. 

415
00:21:25,720 --> 00:21:27,000
Like, look, I like frogs the 
most. 

416
00:21:27,640 --> 00:21:28,960
I like my frog. 
I like my Pepe. 

417
00:21:29,280 --> 00:21:32,480
My red Pepe is my favorite. 
I have my Pepe shoes, you know, 

418
00:21:32,480 --> 00:21:34,440
I like my dogs. 
I like my dog with the hat on. 

419
00:21:34,880 --> 00:21:38,080
But you know, I'm confused now, 
You know, I love my mug, but 

420
00:21:38,080 --> 00:21:41,440
there's so many cats. 
Do we like the cats or what? 

421
00:21:43,000 --> 00:21:44,560
So let's talk about this Onsen 
thing. 

422
00:21:44,560 --> 00:21:48,600
So yesterday someone right, 
launched this Hobbs coin, which 

423
00:21:48,600 --> 00:21:52,000
apparently is the name of Onsim,
or his family's cat. 

424
00:21:53,120 --> 00:21:56,760
Yeah. 
And that ran to what it was. 

425
00:21:56,760 --> 00:21:59,280
Nearly 100 million at one stage 
across all chains. 

426
00:22:00,800 --> 00:22:03,080
Yeah, it did more volume than 
the NFT market that just it 

427
00:22:03,080 --> 00:22:07,400
tells you where the the volume 
is right now like it's it's kind

428
00:22:07,400 --> 00:22:09,880
of wild like over the last 24 
hours I'm. 

429
00:22:12,000 --> 00:22:12,960
Trying to. 
Find this coin. 

430
00:22:12,960 --> 00:22:13,800
Actually look at it. 
Look. 

431
00:22:14,440 --> 00:22:22,440
At the screen. 
This is it. 65,000,000 say the 

432
00:22:22,440 --> 00:22:26,160
volume there, yeah. 
There is $128 million volume on 

433
00:22:26,160 --> 00:22:28,000
Dex Tools here on Dex Creator. 
Sorry. 

434
00:22:28,720 --> 00:22:33,000
That's wild. 
So yeah, that is just, it just 

435
00:22:33,000 --> 00:22:35,440
tells you the state of thing. 
I mean the AFT market is, you 

436
00:22:35,440 --> 00:22:37,640
know, riding with the punches at
the moment. 

437
00:22:38,360 --> 00:22:41,200
People obviously encapsulated 
pretty well with us every day 

438
00:22:41,200 --> 00:22:44,000
the other day. 
It's definitely not taking part 

439
00:22:44,000 --> 00:22:47,960
really in the activities so far 
in this crypto cycle. 

440
00:22:48,320 --> 00:22:51,160
That is not to say NFTS are not 
revolutionary tech and will you 

441
00:22:51,160 --> 00:22:52,600
know, continue to be a big bit 
of it. 

442
00:22:52,680 --> 00:22:55,800
But the speculation bit of this 
cycle has bypassed NFTSI think 

443
00:22:55,800 --> 00:22:59,400
largely a lot of NFTS except the
ordinal space. 

444
00:23:01,800 --> 00:23:03,520
Yeah, we we talked about this 
yesterday a little bit. 

445
00:23:04,320 --> 00:23:07,360
We're just mentioning that you 
know it is what it is like you 

446
00:23:07,360 --> 00:23:08,440
have even. 
It's funny because there's a 

447
00:23:08,440 --> 00:23:10,440
clip that went on the raw radio 
page about thread guy talking. 

448
00:23:10,440 --> 00:23:12,480
He was compared to Azuki, but 
was compared to board apes 

449
00:23:12,480 --> 00:23:14,000
yesterday. 
It's like you have 30K in this 

450
00:23:14,000 --> 00:23:15,240
market. 
You're seeing tweets every day 

451
00:23:15,240 --> 00:23:18,920
from Luke on chain saying this 
trader made 20 million from 

452
00:23:18,920 --> 00:23:20,920
$200. 
Obviously people are going to go

453
00:23:20,920 --> 00:23:23,560
and like try and hit a hit a 
1X2X. 

454
00:23:23,560 --> 00:23:25,760
So it's like you're seeing on 
the short term, you don't see 

455
00:23:25,760 --> 00:23:28,800
Apes and the global NFC market 
going higher, but you do see 

456
00:23:29,320 --> 00:23:32,040
moon coins and other coins going
higher, even if it's spots. 

457
00:23:32,080 --> 00:23:34,880
Remember last year, literally, I
was making a point that like, 

458
00:23:35,240 --> 00:23:39,520
it's even safer to move on to 
just ETH itself versus NFTS. 

459
00:23:39,520 --> 00:23:40,840
And what happened? 
Like ETH doubled. 

460
00:23:42,040 --> 00:23:43,840
I did that early on. 
I managed to scrape, I was 

461
00:23:43,840 --> 00:23:46,440
selling NFTS lost. 
But you scraped like 550 to 100 

462
00:23:46,440 --> 00:23:49,720
ETH and you know that's that's 
up versus most NFTS. 

463
00:23:49,720 --> 00:23:51,320
So that helped out. 
So you don't even have to go and

464
00:23:51,320 --> 00:23:53,600
gamble your life into meme coins
just by majors, right? 

465
00:23:53,920 --> 00:23:56,800
So it is what it is actually. 
Penguins were the outlier this 

466
00:23:56,800 --> 00:24:00,960
week with a pump to 13 plus with
the Forbes article some sort of 

467
00:24:00,960 --> 00:24:04,080
a retrace at 1168. 
And then of course like the 

468
00:24:04,080 --> 00:24:06,760
biggest narrative in all NFTS is
ordinals right now. 

469
00:24:06,760 --> 00:24:10,480
And actually with the having 
coming up Mando runestones like 

470
00:24:10,560 --> 00:24:11,960
runes. 
Sorry runes, because runestone 

471
00:24:11,960 --> 00:24:15,240
is one of them. 
Runestone RSIC, Rune Pops, which

472
00:24:15,240 --> 00:24:17,720
is, I'm turbo bullish on that 
'cause I got one per puppet, so 

473
00:24:17,720 --> 00:24:19,960
I have a lot of runes. 
Rune Pops, I'm super hyped about

474
00:24:19,960 --> 00:24:21,160
that one. 
RSIC. 

475
00:24:21,160 --> 00:24:22,880
I've mined over 1,000,000 tokens
so far. 

476
00:24:23,000 --> 00:24:26,280
We'll see what happens there. 
Like, I don't know, I, I, I, I'm

477
00:24:26,280 --> 00:24:29,160
very excited about that. 
Obviously Leonidas is the CEO of

478
00:24:29,160 --> 00:24:32,400
ordinals. 
You know, like you that with his

479
00:24:32,400 --> 00:24:34,840
Runestone project you have, you 
know, Casey Rodemore just 

480
00:24:34,840 --> 00:24:36,960
pumping the shit out of it. 
Like there's this new narrative.

481
00:24:36,960 --> 00:24:38,680
We saw what happened with BRC 
20s. 

482
00:24:38,680 --> 00:24:40,520
Mando, you were bullish on BRC 
20s. 

483
00:24:40,520 --> 00:24:42,600
I'm pretty sure you still are 
like on the Bitcoin eco, like 

484
00:24:42,880 --> 00:24:45,280
you were like screaming about it
on the show months ago. 

485
00:24:45,680 --> 00:24:48,120
Runes is just another great 
narrative for Bitcoin and you 

486
00:24:48,120 --> 00:24:53,600
literally have, you literally 
have that coming up. 

487
00:24:53,600 --> 00:24:57,160
So that's about it. 
On that front, I think this is a

488
00:24:57,160 --> 00:24:59,960
good all around. 
Like Chad and the other news 

489
00:24:59,960 --> 00:25:02,400
that came out yesterday, I do 
want to mention it, but we don't

490
00:25:02,400 --> 00:25:04,960
have anything else on. 
That was, you know, plan. 

491
00:25:05,680 --> 00:25:08,680
It was not April Fools because 
it came out at 8:00 PM and in 

492
00:25:08,680 --> 00:25:11,280
Hong Kong that's 8:00 AM. 
So introduce a Meme net, the 

493
00:25:11,280 --> 00:25:13,520
Meme Network. 
Meme Net is a blockchain that 

494
00:25:13,520 --> 00:25:16,000
offers a safe, low cost, season 
friendly way to build on chains.

495
00:25:16,000 --> 00:25:18,160
So it looks like the Meme Land 
team is going to launch their 

496
00:25:18,160 --> 00:25:21,400
own meme blockchain. 
Yep. 

497
00:25:21,920 --> 00:25:23,840
I mean they maybe they pushed 
this forward because of what to 

498
00:25:23,840 --> 00:25:27,000
what's been happening in D Gen. 
of course so recently, right. 

499
00:25:27,000 --> 00:25:31,040
Like as an L3 meme land, I 
believe it wants to be at L2, 

500
00:25:31,040 --> 00:25:31,960
right? 
Rather than L3. 

501
00:25:31,960 --> 00:25:36,320
But yeah, just not surprising to
me. 

502
00:25:36,680 --> 00:25:37,800
What a. 
Great website completely. 

503
00:25:37,800 --> 00:25:39,560
Makes sense that they would try 
and do this. 

504
00:25:39,560 --> 00:25:42,840
I don't know why it's what I 
would say is I don't know why 

505
00:25:43,200 --> 00:25:45,800
they as now maybe they have the 
culture. 

506
00:25:45,800 --> 00:25:48,960
There's nothing technologically 
wise, technology wise, that they

507
00:25:48,960 --> 00:25:54,200
should be the chain to do memes.
So maybe they're just going to 

508
00:25:54,200 --> 00:25:57,080
like have the culture for it and
maybe on board a bunch of 

509
00:25:57,080 --> 00:25:58,720
different people, I don't really
know. 

510
00:25:58,800 --> 00:26:01,080
But like maybe they'll do it 
native on the site. 

511
00:26:01,520 --> 00:26:04,080
Like, I don't. 
Have you ever tried that pump 

512
00:26:04,080 --> 00:26:07,080
dot fun? 
I have never tried. 

513
00:26:07,080 --> 00:26:09,720
I'm obviously very well aware of
it, but I've personally never 

514
00:26:09,760 --> 00:26:11,080
what. 
Do you bring up on the on the 

515
00:26:11,080 --> 00:26:13,240
channel, right? 
Though is it going to be insane 

516
00:26:13,240 --> 00:26:14,920
stuff showing up? 
Maybe. 

517
00:26:14,920 --> 00:26:17,040
But that's just, that's just on 
it anyway, OK. 

518
00:26:18,080 --> 00:26:20,480
Just a heads up, that doesn't 
mean we're part of any of these 

519
00:26:20,480 --> 00:26:21,560
things. 
So this is. 

520
00:26:21,560 --> 00:26:23,320
How? 
Like the majority of new coins 

521
00:26:23,320 --> 00:26:25,000
are being created at the moment.
So you're telling me? 

522
00:26:25,000 --> 00:26:27,000
Every time this shakes, it's a 
new coin being created. 

523
00:26:27,760 --> 00:26:29,880
Yeah, pretty much. 
And like they have a king of the

524
00:26:29,880 --> 00:26:33,600
hill, so anyone type and 
basically what it is, is you 

525
00:26:34,760 --> 00:26:40,240
someone starts a coin and it's, 
it's funded and part of it goes 

526
00:26:40,240 --> 00:26:44,120
into an LP which is burnt. 
So we could create a coin right 

527
00:26:44,120 --> 00:26:46,480
now. 
Yeah like we we if you could we 

528
00:26:46,480 --> 00:26:49,080
have we have to the the dev gets
the decision whether he wants to

529
00:26:49,080 --> 00:27:00,040
fund it and and then we you know
a bunch of people come in no 

530
00:27:00,040 --> 00:27:06,800
don't don't do this and and if 
it reaches I think if it reaches

531
00:27:06,800 --> 00:27:10,520
a market cap over 75 grand it 
launches because it's. 

532
00:27:11,120 --> 00:27:12,520
The pool, it gets locked and 
then. 

533
00:27:13,280 --> 00:27:15,400
So if the pool goes over a 
certain level, I think it's 75 

534
00:27:15,400 --> 00:27:20,960
grand the coin launches. 
Could I imagine Meme Land doing 

535
00:27:20,960 --> 00:27:24,120
something like this? 
Maybe, yeah. 

536
00:27:24,320 --> 00:27:28,560
I mean, I like how you know, he 
was, Ray Chan was talking about 

537
00:27:28,560 --> 00:27:31,040
how like, you know, memes are 
PvP, like porn and people are 

538
00:27:31,040 --> 00:27:32,480
addicted. 
So he made the meme that kind of

539
00:27:32,480 --> 00:27:35,120
like the Pornhub logo. 
And then I just think the 

540
00:27:35,120 --> 00:27:36,840
website is brilliant. 
Though again, like on the 

541
00:27:36,840 --> 00:27:38,960
branding, they're good at this 
stuff, like this is a really 

542
00:27:38,960 --> 00:27:42,160
good website. 
I think it's really cool. 

543
00:27:42,160 --> 00:27:43,960
It looks good. 
We'll see. 

544
00:27:43,960 --> 00:27:46,400
I love that. 
Let's go four. 

545
00:27:47,280 --> 00:27:51,320
Oh my God, this is so good, man.
I personally don't get meme 

546
00:27:51,320 --> 00:27:53,320
coins, but they do have a large 
number of users. 

547
00:27:53,320 --> 00:27:55,360
CZ binds with the four coming up
like that. 

548
00:27:55,480 --> 00:27:58,800
Like you're popping out and 
you're just CZ just pop it out. 

549
00:27:59,280 --> 00:28:01,400
Hey, this is great. 
Vitalic meme corn holders. 

550
00:28:01,400 --> 00:28:05,800
Be like, Oh my God, Brian 
Armstrong on there. 

551
00:28:06,080 --> 00:28:11,320
SBF do quad man. 
That's good. 

552
00:28:11,320 --> 00:28:15,040
This is this is great content. 
Anyways, look, I think that was 

553
00:28:15,040 --> 00:28:17,560
a good roundup. 
We do have RSS Three in the 

554
00:28:17,560 --> 00:28:21,280
studio here and we do have to do
some robot spins right after 

555
00:28:21,280 --> 00:28:23,840
that. 
It looks like, look, if you're 

556
00:28:23,840 --> 00:28:26,560
if you're if you're in the 
space, just and you're if you're

557
00:28:26,560 --> 00:28:29,440
if you're if you're stable. 
Just just hang tight, you know. 

558
00:28:29,440 --> 00:28:32,960
Seems like things are OK. 
They're not great, but you know,

559
00:28:32,960 --> 00:28:35,320
it seems like we could be 
bouncing on some places and we 

560
00:28:35,320 --> 00:28:38,680
could maybe not also bouncing on
some other places, but Bitcoin's

561
00:28:38,680 --> 00:28:44,920
about 65-8, Mando. 3280 by. 
Doge, I mean, you you do have 

562
00:28:44,960 --> 00:28:46,880
someone here asking you to break
down MFR. 

563
00:28:47,200 --> 00:28:48,680
How? 
How are you doing on MFR right 

564
00:28:48,680 --> 00:28:50,080
now? 
How is MFR? 

565
00:28:51,560 --> 00:28:56,160
What MFR. 
I reduce some a lot more higher 

566
00:28:56,760 --> 00:29:01,120
one. 18 on MFR and higher is 
that dude higher on Forecaster 

567
00:29:01,120 --> 00:29:03,360
is making the rounds. 
You have like one of the crypto 

568
00:29:03,360 --> 00:29:06,720
guys at fucking Coinbase, 
Coinbase talking about higher on

569
00:29:06,800 --> 00:29:08,080
on Warpcast. 
I'm here. 

570
00:29:08,080 --> 00:29:10,160
Like what? 
It's it's wild. 

571
00:29:11,280 --> 00:29:12,320
Not really. 
Like that. 

572
00:29:12,320 --> 00:29:14,160
Just like as a risk reward of 
some of these trades. 

573
00:29:14,160 --> 00:29:14,960
I just. 
I like. 

574
00:29:15,080 --> 00:29:16,480
I like you. 
Got to think. 

575
00:29:16,480 --> 00:29:19,240
Risk reward. 
Yeah, pick and choose, Pick and 

576
00:29:19,240 --> 00:29:20,400
choose. 
Pick and choose. 

577
00:29:20,400 --> 00:29:20,960
But anyways.
