What up, What up? Good morning, Good morning, GMG.
Monday August 19th 2020. Oh yeah I got a lot of 2020
fours left in me this year. Look at that another beautiful
day to have a beautiful day. I got my Co host to the house,
Tyler Mando. Good morning.
How you guys doing today? How was your weekends?
Amazing, man, Amazing. Yeah, you have the welted
Spaniard. So it came through Lisbon on the
weekend. It's like the big cycling race.
Oh, it's like a Tour de France, but the Tour de span.
Yeah, yeah. But for some reason it was in
Portugal when I didn't know. But then it came through, came
through. So it was really busy in town.
How come it goes through Portugal?
I don't know. It doesn't normally, but it was
this this this year. But does Stage 3 live, that's
what, Huh. Another chance for the sprinters
in Portugal, actually today again.
Yeah, I mean it was through Lisbon and and cash case for the
first couple of days. Yeah, so there's there's three
stages in Portugal it seems. What two stages?
It's their sprints. Interesting.
It's a Sprint race today. Have you seen the Tour de France
on Netflix? The show where they follow the
the cyclists? It's pretty impressive.
I haven't, I don't think in when I was in France I went right by
my house too. Oh.
Yeah, in the South. Because it was in, I think it
finished in Nice this year, so normally we finish in Paris, but
then Paris was having the Olympics so they decided to do
it in these. It usually ends in Paris under
the bridge with Lady Diana was killed.
You know, under there. They come out of there and then
it's like the end of of the of the of the Tour de France.
Tyler. How was how was the weekend that
Tyler did a household? It was good.
Did a lot of city stuff, actually did a little fireworks
cruise on the river on Saturday night.
It was fun. All the reports of Chicago like
under lockdown, boarded up all the businesses that they're,
they're greatly exaggerated ahead of the the DNC.
I'll, I'll just say that, but we did leave town because the, the
Secret Service, they closed my kids school for, for the week
because we're, we're only like half a mile away from where the
DNC is and they shut it down. So we, we went to grandma's
house. So I'm reporting live from
Indianapolis IN here today and all week.
So you you left the Indy because of the DNC?
Yes, just because most because our our school was closed down
and have help with the kids, but also I mean, there's there's
probably going to be a couple big protests.
And yeah. It's going to be fairly close
proximity, just probably better just to avoid that.
Yeah, yeah, that's fair. That makes that makes a lot of
sense. I it's different.
Calculus. When you got two toddlers at
home, like it was just me and the wife, I think we we, we
probably stayed. It it definitely, it definitely,
it definitely makes sense to leave.
So that's today some some odd stuff this weekend about Kamala
and stuff. I don't know.
I, you know what it is like. I have never been so invested.
Literally I'm, I'm betting on the words every day in in, in,
in in US politics more than this year.
It's probably because we're in crypto.
So we're pretty much at the intersection of it all And and
I, I really can't wait for it to be over.
I really can't wait for it to be over.
But anyways, today on the show today, today market report as
usual, crypto, macro, all this good stuff.
We'll see what happens. It's a full moon today, Sturgeon
moon. It's called the Sturgeon moon.
I don't know why Sturgeon I think it's goes way all the way
back to Champlain and I I read that.
I read that salmon de Champlain and and the Great Lakes actually
right by you and I, Tyler, it's a whole story about the Great
Lakes. Yeah, I found that interesting
something sometimes I was just Googling.
Will my backs pump during the Sturgeon moon and Sturgeon moon
meaning. Frankly, that's really why I
know that Fun fact. Tyler's top 100.
Let's see what Tyler's got in store for us.
I think he's got quite a bit of stuff to talk about today.
And then last but not least, that that's it.
Maybe we do agree. Disagree.
No, no, no, no. It's Monday.
Sorry, sorry. I knew I said that for a reason.
Arbitrary roundup. I mean, something about a duck
chain. What?
I I opened the group chat this morning.
The the FOMO, our chat with her, with her producers, everything
that says duck chain. I'm like duck chain.
What? So it definitely is nothing come
from Mando, but we got to get duck Jesus involved in this.
So we'll see what the hell this duck chain is all about anyways.
Anyways, Eddie, where's Mando? Take it home for us, baby.
Who is the man Michael, Daddy of the land?
Mando, can you dig it? Yeah, So kind of I guess it was
where we were really when we went away on Friday like this
just sub 60K area. Well 58 1/2, but we've it's been
pretty dark, let's be honest, for the last week or so prices
has kind of been in this very, very narrow range.
Solana hanging out just above 140 is hanging out just below
2600. So I don't know, the timeline
feels horrific right now. A lot of people annoyed, a lot
of people just chopping themselves up.
I think the main theme we've seen over the last, let's say
2-3 weeks has been that meme coins have really
underperformed. So pretty much all the meme
majors as well as all the mid caps are down a lot.
The only real bright spots are smart.
Some of the old coins really like some of the ones that have
been really beaten up, kind of bouncing from from cycle lows
and money is rotated into that. And meme coins have have kind of
hurt on the back of that. So I don't really know, but it
feels as though that is could be a medium term trend here.
It feels as though people are annoyed because it felt like
memes with the product market fit for the cycle and now a lot
of people are kind of giving up on them for a little bit here.
I still think obviously, as I've said before, I think the major
rally here or the rally happens around the election that's still
2-3 months away. So we could be be in for a
little pain before before that gets fixed.
In terms of this week, there is very little in terms of data
this week. You have fed minutes and you
have Japanese inflation. But there is there is Jackson
Hole, which is one of the major meetings of central banks as
well as other economic figures. And that's that's happening this
week and power make a speech there.
It's kind of a bit of a jolly, like no one really it matters,
but it doesn't really matter that much.
I wouldn't expect to see some massive shift in policy.
He'll probably just indicate that there'll be a September
rate cut. I do think that'll be taken
positively. So we start to see rate cuts in
September. But yeah, it feels as though
we're in for a period of chop here.
In terms of macro, stocks continue to feel very strong.
I think they opened up again stronger today.
We have NVIDIA results not this week, but next week.
That will be probably the like the biggest thing to come out of
tech for the next, for the next couple of weeks.
But this is the August quiet period.
Traditionally, you know, like when I was back in trading for,
for a, for a bank, everyone was away.
There would normally be one or two traders on the desk versus
like five or six. It's a, it's a quiet period this
this whole period. And it's quiet from an economic
data standpoint as well. So I don't think we're going to
see some massive volatile move. I think, I think you're meant to
be fading any move here. Basically, I think if Bitcoin
heads down towards 50K again, you meant to buy it.
If it heads up towards 6570 K, you're probably, you're probably
meant to sell it. If you're looking for a full
term move, that is. But it just, I, I don't think
the market's going to fall out of bed and I don't think it's
going to rip. I mean, what did we learn from
from the bootleg thread guy last time I played the clip, You
know, Aiden Ross, you buy low, you set high.
That's it. It's not easy.
It's that easy. Actually, I did it this weekend.
I bought low, I sold high. Look at me.
I I look at me. I'm your quant now.
What is high? What is high?
A. 146 dollars. Erotica.
Oh. That's quite a narrow 3% range,
just simply trading, but. Hey, a 3% range on leverage.
That's a 60% gain, baby. Oh my God, I'm invincible.
I made like $5000 this weekend. I'm the king of the world.
Anyways, it is hot here, man. Holy shit.
I put this heater on before the show.
I don't know why. ANYWAYS, so yeah, man.
So I guess the next date is FOMC next month, right?
Nothing for month. Well, there's some stuff in
between them, but that's when the decision will be made.
But particularly for this week, maybe even next week, it's like
super quiet. That's good.
In terms of like stuff you can cling on to be really bullish
on. Justin Sun was hinting today
that China may lift its crypto ban.
He made some posts on. XI can't see any of his posts.
He starts to be blocked. Yeah, I think that's probably a
good thing for you. And then it, it also appears
that stable coins, they just continue to go higher.
We're only a billion off the all time high set in 2022 for stable
coins. So you can't get that bearish
166 billion in stable coins right now.
I think the high yeah was 167 billion.
So we are, we're 1 billion away, so.
Do you want to explain, do you want to explain that theory for
people? Because like for example, I have
a friend that texted me the other day when you talk about
maintaining stable coins, I was like, hey, do you mind asking
Mando, like what that means etcetera.
But like do you want to explain how they are?
Why this is a good data? Yeah, sure.
So, so like Tether can actually be converted into dollars in the
bank the same as Circle. Like you can go onto the Circle
website. The way that Tether does it is
centrally though. And that will basically, so
let's say finance needs to get a billion dollars in cash.
They would go to Tether and be like, Hey, give me a billion
dollars XYZ. If if finance or one of the
centralized exchanges, it normally comes from one of the
large institutions goes to them and says, Hey, we need a billion
dollars in Tether from our inflows, our own personal
inflows. They'll need to go out there and
actually mint that, that, that money.
So they'll get the money from one of these centralized
institutions and then they'll mint it onto the blockchain.
This is and circle it circle. You can actually do it directly,
but Tether is more centralized. You tend to find that that that
this is also a good way of of viewing where money is flowing
between block chains. And what you've seen is a lot of
money always gets printed on Tron.
I think Tron is the number one for Tether actually, because a
lot of nefarious stuff, illegal illegal stuff that would happen
in other countries generally happen on the Tron network and
everyone kind of knows it, but no one says it.
I mean is it where like all the OFAC sanctioned countries are
able to use a blockchain and. Yeah, like Tron is like if you
want to get something done. Even the one blockchain used in
the wrong, like. I want all the Tron address in
in the bad countries. I know we had a, we had a, we
had a client for me that no longer trying to pay us in Tron.
I was like, no, you're going to have to bridge that.
I was like, with Bernie, I was like, hey, yeah, no.
Yeah, Tron's always had that. I mean, Heather, I think is
they've hired, they hired like they're trying to hire like a
full compliance team. But there's no doubt that
they've benefited from that for a long, long time.
But they have seen increased movement of stable coins called
slaughter. And interestingly, they actually
burnt some on Eve, as in like they instead of minting it, they
burnt on East last week. So even though they minted a
billion dollars on things on Tron and I think another 500
million on Solana, they actually burnt on East.
So that kind of tells you where the money is moving.
Yeah. It's a good way of seeing,
seeing where those flows are moving.
OK, well there you go. I think that that someone said
only that Justin Sun memes are pumping.
It looks like he, well he created like a pump font on on
Tron or whatever. He traded pump font.
Yeah, that happened I think a few days ago.
And then on Saturday morning, I saw it was popping up and one of
the guys probably. I'm going to go to 0.
One of the duck community said he's got a pet Turkey, He's got
a pet Turkey, so they're like they were treating his pet
Turkey. I saw you tweet about that this
weekend. I saw it on your page.
I'm not tweeting. About it, I just said this is
what someone's pitched me, yeah. There you go.
You got pitched a pet Turkey. I I I didn't play on it.
I don't want to do it. I'm I'm, I'm going to take a,
you know, between swan trenches and this stuff.
It's enough. But I had a good idea.
They came up with Sun Cats and Sun Doug.
Why did nobody come up? Hold on, hold on, hold on.
Why did nobody come up with with the meme called Capri Capri Sun?
Brilliant. Wait.
You guys did enjoy that one. I thought I did something here.
I really thought I did something here.
Like I and nobody in the audience laughing.
No, wait, is it Monday morning? You're like, you haven't woken
up yet. So I actually, I actually wrote
about some pump for the newsletter this morning just
because I think it was the biggest thing.
It was a pretty quiet weekend. It's got a few interesting
components. So it's it's a pump funk
competitor, it's called sump pump.
It's got a few key differences. So Tron is putting together a
$10 million meme ecosystem boost incentive program.
They're going to use that money to provide resources for their
new tokens. They're promising that any token
that can maintain $1,000,000 in daily volume for three days,
they get listed on Poloni X. So they've got the the listing
incentive there. Then they say they've got a
review process in place to avoid rug pulls.
And this is a quote from Justin Sun.
He's saying sump pump conducts a thorough vetting of creators and
products before they're allowed to launch on the platform,
helping to ensure that they meet specific standards of integrity.
So, so clearly like that, that is how like that's a clear angle
they are kind of differentiating themselves from from pomp is
less rug pulls and then back and then with more resources.
If you look at the website I mean it, it looks like a pump
fun like clone. You're already loaded, right?
You have to I guess you have this, is it right?
Mine looks a little bit different, maybe it depends on
what screen you're on. Yeah, maybe.
But I I haven't seen any of the actual memes actually.
It's all to figure out like where to even track these.
So I haven't been tracking how well they've been doing or not.
150K followers. Look at that look at that.
I guess we'll see, but I don't know I I'd be careful.
We really are bored, huh? We're trading shit coins on Tron
now this There's no. Bored.
There's nothing happening. Yeah, there's not that.
That's actually pretty true. Anyway, Speaking of that, Tyler,
let's see what you got for us. Surely you found enough things
to talk about today NFT and cryptoanalysis.
Tyler deep on FOMO our cause the kids can.
Bring them back some bears. It is a lot or less today, but
we've got a handful of things. So crypto majors for starters,
they are dipping here after a weekend rally.
The meme leaders do continue their fall.
Franklin Templeton. They filed for a crypto index
ETF with the split between Bitcoin and ETH.
That split is going to be based on market cap.
No huge surprise there. Bellagi.
He introduced the network school along with a 90 day pop up
running September 23rd through December 23rd.
So check that out if you're interested in the network state
concept in memes, meme majors down 46% Snoofy the the Reddit
meme and yawn were the big leaders in the last day.
As we just talked about Justin Sun launched this pump fund
competitor called Sun pump and then a new pump fund
leaderboard. What was built and then there's
some stats were circulated with a sobering reality check for how
few traders have been making money on punk.
So we can look at that here in a minute and NFTS, a big alien
crypto punk sale. We don't know the details.
I think we do a little bit. Or maybe you do the the womb
baddest number I think has been walked back.
But if you've got additional info, let's get into it.
But Deepak's Alien, he paid what, $23 million for it at the
absolute Pico top of the market? And we'll see what that loss
looks like. I think we saw Punks OTC
estimating somewhere around seven and a half million, so
I'll be curious where that comes in.
We saw Grant, Euns and Old Soul jump 120% to .32 in art, then in
Daps. Couple of good headlines here
for Daps. Fancy Top saw local highs in
trading volume and card floor prices after the introduction of
Heroes 3. So floors are up, volume is up
and then Polymarket printed 2 new all time highs in daily
active traders on Friday, their new ultimate 8150 live traders
on the platform. So those are those are the quick
kits here for today. Happy to to get into these.
You've got the alien info. Let's let's know what it is.
I mean, is it like $4 million sale is that, is that word on
the street? He says it in in in his.
He just said it a few times in his comments that he paid
roughly 1500 each. Who did?
Von Baat bought it, no? No, he did not wait in that.
Later in that post, he says he's lying.
Yeah, but I think where did he? I'm so confused because he said
a lot of things about the price. I mean my experience with him is
that he is a massive troll and liar, so I I'm not.
Wait, Tabs is sending a tweet? Let's see what just pointing out
though. It is the third.
Oh, he lied. OK, it is.
It is. Is that true or not?
We. Have no idea.
Why don't we, why don't we just check the chain?
Hold on, let's just check the chain, lads.
Let's just what can you create? You know what's crazy though?
This is 1/3 Alien sale, the Cycle and Punksters just down
only yeah, he's trolling. Tabs is sending us a big a bunch
of links in the back end saying he's trolling, let's just check
the chain. Hold on.
So which one is it? This one, right?
Yeah, it was $23 million set. Fuck, it was a 8K ET.
Will that cell ever be eclipsed? No, not for a long time.
I think like 10 year spectrum, yes, this cycle, no, that's my
thoughts. I don't know what you guys
think, but OK, So it was transferred here today, this
morning was transferred to this wallet.
Epac also said that he'd let it go.
Like if you go to Deepak's tweets, he says he sold.
It no, it's definitely gone. Yeah, he did.
Deepak definitely sold it. He sold it.
We're just questioning how much for.
We're just questioning also who right?
Like I think Ovie may have bought this.
There is no no. The only history of transfer in
this wallet is a token transfer. Yeah, I'm sure if there were, if
there were some obvious transactions with.
Big. And before that his last
transaction was 246 days ago, 11 hours 24.
Yeah, yeah. So we don't really know.
I guess it was probably picked up at one of those funds.
There's a lot of interesting. I could see that.
So I mean, where, where do you think the price targets?
I think punks, OTC said. Like let's try to find the
tweet. He he put an over under on it.
I want to say like 2500 ETH maybe?
Yeah, I I bet the under here, probably Punk's not doing that
good. What's the premium on an alien?
Yeah, what's I was just that's why I was trying to work back
like it was a hoodie at the high was like 200 and 75200 ETH,
right? Well, at the high an alien was
8000 ETH, right? So like that's the last that's
its sale. What's the last sale on the
Aliens? 10,000,014 million last two.
We'll say lower. Let's just look here.
The last two aliens sold for 16,000,000.
Oh Jesus. Wow, last two.
Aliens five months ago. There you go.
Five months ago it sold for Let's do an ETH right?
4 1/2 K ETH right? Three months ago, 4 KET.
What am I saying? Oh yeah, three.
That's the 4th Alien sale this cycle.
Yeah, but the the price of punks was it was like 2 1/2 hours,
right? Now, yeah.
Yeah, I don't know, but my camera's bugging it.
Seemed like the rule like 40 to 40 to 180 to one the floor
roughly for like the best rares in an antique collection.
So at 80 to one, you're talking 1600 E, which puts it at what,
4004 million bucks? I don't know.
I feel like that's kind of where my where my head is.
I wouldn't be surprised if it was over that, but.
Can you guys see me? No.
My camera completely just decided to shut off.
I'll be right back. You guys checked for 30 seconds?
So if your Deepak is the like, do you just have huge gains that
you want to take losses against here this year?
I'm back. Or you just trying to liquidate,
you know, get liquid and move on from the square asset?
He's had an issue for a while, right?
Like. FTX, right?
Yeah. You got an FTX so.
I think his company had lost a lot of money FTX.
He had to liquidate his punks and his apes back then.
Yeah. Wow that sucks.
D back is awesome dude. So OK, that's 4 alien sales this
cycle, guys. They're moving.
Holy shit. Well, the old the old guard
doesn't want them anymore. I guess is one way to to look at
that. So yeah, looks like I'm just
looking at deep NFT value because that's that's relatively
good. Yes, that's the best trading
value bought. He has the floor one valued
which is at 5000 ETH. There is one for sale at 5000
ETH valued at 3891. So I think Punxsutc is probably
not. It's probably between 2500 and
3500. This is traded, right?
Yeah, that makes sense. Yeah, See, that's their value of
this exact punk. 5822 is 3985 ETH per deep NFT value.
And that's the most accurate ML for like, that's the most
accurate bot for for for punk's value.
Yeah. So I think he probably got half
of that. Yeah.
So what does that put it at 2000
* 2500? Who is von Athis then?
Like who is this guy? Did he bunch the bunch of rugs?
Didn't he rug his key holder on friend tech and everything?
Yeah, I, I. Got I know he did that, but
like, what's his background? He's a blower farmer, right?
Probably all things farmer. He rugged a meme coin after
rugging his frintech and then every other social fi that this
basically. Pilot's been involved.
I can already tell this coin. The reason why I'm salty is like
I would I was running the frintech spaces like with thread
guy and while bass is in my DMS like telling me all these things
he's going to do and like they were all just straight up wise.
So he used you to shell you fell for it on a thread guy space and
he rubbed. Yeah, I mean, I didn't really
shill for for Wombats, but I mean, I I talked about, I mean,
he was, he was a big player in that game for a little while.
So like, you know, we talked about all the big players.
But yeah. And then he was the first one, I
think, to launch a presale after boom and he rugged it right off
the guard. You said money.
I did, yeah. I.
Knew it. It was one of those where you
knew it was a terrible idea, but it was like I I've enough people
will probably. Oh my God, get in.
So. You got, yeah, he didn't
actually buy it, but you, you got, you got rugged three times
by this guy. That's crazy.
You got rugged in his front tech on his meme coin and on his
presale. That is wild.
OK, so I mean, I would be pissed off too.
Anyways, Tyler, there's a there was a few there was a few hot
topics you had for us today. Hold on, there was.
We can do fancy fancy top if you want.
Sure, let's go. I think the key update here from
a news perspective is that the volumes are up and floors are
up. So the overall floor, I think
when I saw yesterday was up to point OO8, so kind of knocking
back on point O1 and just demand and sentiment is just on the
rise. And you can tell I I pick a part
of it is probably because there's just so little else to
do in the market right now. But I think people are also like
it. Four weeks ago it was hard to
really start making projections out on, you know, how
sustainable the yield was going to be.
Like we just had the blast AirDrop and there was a lot of
unknowns. But now we've had like four to
six weeks of these tournaments and like I'm, I'm pretty
consistently getting like 0.2 ETH per week.
I'm getting like 15 to 20 cards, about 800 to 1000 blast points
and then the fan points. So like it's well over an ETH a
month and I haven't been putting anything else in.
And I think people are starting to do the math on the yield.
And like by all indicators, it feels like the game is going to
stick around. Like, I don't know that the user
base is really growing, but I think that the players who are
here aren't really leaving. So it feels like this core group
is going to keep playing the game.
And for those of us who bought the cards, like, if you've
already got the existing set, like you, you don't have to pay
anymore and you just continue to to reap this, you know, weekly
return. It takes me 20 to 20 minutes a
week to set my lineups. And then that's pretty.
So it's low lifts, decent return, then you get a kind of
root for your players. It's still somewhat fun.
I don't think it's like the biggest sweat out there.
I'm not constantly sweating my heroes, tweets you.
Just play a bunch, right? I played, I played every
tournament this week, all of them.
I'm entering all 36789, Yeah. Start from like the start.
So how? How do you even play?
So you go on fantasy dot top right, you have an account.
You'll probably have cards because you were gifted cards
early on and it's not a decision.
So you go to play here on the left and there's also classics
or tactics Classic is what you want to play really.
And you, you go register a deck and there's four types of
tournaments every time. So now this tournament starts in
26 minutes. It lasts usually three days.
So it's locked after that. And there's different
tournaments. Elite is like the top gold,
silver, bronze and they're capped, for example, gold,
there's 26 stars maximum. So you have to like, so for
example, I started you in my gold deck, you have five stars,
so I started these guys and then you have to calculate so you
don't pass above 26 stars and you can enter multiple decks per
tournament. So I like, I have 3 decks in the
golds, which is pretty good, right?
Tyler? Those are not bad, right?
Yeah, I mean your your common cards aren't you're not going to
be winning any golden tournaments with with all common
team. You got to have the epics in the
Reyers. Silver is where I thrive
personally because see Mando, I started us both.
Look at that. You had a tweet in this week.
Yeah, you're heavy on the, you're heavy on the POMO hour.
There's a glaring POMO hour card not not present in any of your.
Lines I know I don't have any card.
Picking up on. I know I should.
I should pick up a Tyler Diddy card.
So yeah, that's how you enter. You pick five cards, you enter a
tournament, you do nothing. OK.
And then so you buy these cards, they are theoretically they are
NFTS, but then you keep them forever so you can play them
every week. The card prices are still down
like 90% or more from peak. So like I admittedly I bought
some cards at like peak valuation, so it's going to
still take me a little while to get even.
But I think there's actually an advantage to players who've come
in in the last month because they're getting much more
normal, normal in quotes prices on on these cards.
Like a Sam debit card was down to .16.
That card was at like 5 E that peak.
I remember. Because he's kind of stopped
tweeting, but he's probably going to start tweeting again,
right? It seems like he's kind of off
of like a summer vacation or something.
So like there's value plays like that.
And like Mando, for instance, your card was was like on the
lower end and then you announced on the show that you're going to
start tweeting memes from your personal account.
You're flying. Then now you know you're
rocketing up, so there's been some trades to be made as well.
Yeah, so it's just like fantasy football.
But yeah, I mean, I can get behind this.
Just just so you know, you were asking like where you see as a
hero your what you make you go down here on the left as a hero
button for heroes and you can see like your earnings and claim
them. Yeah, I tried to claim it though
and just said yeah, distribution will be executed shortly.
OK. Yeah.
So you missed the window, so you'll get yours the next reward
distribution. OK.
But I'm pretty sure you get retroactive, right?
Yeah, you'll get all of that. You just won't.
But you can't get it until then. So they only do the claims on
certain times. Yeah, you should get a decent
one because you'll get them all at one time.
Yeah. Yeah, I know it's not like
crazy, but I was just confused about if I'd fucked it up
somehow. No, you're good.
It's free money. It's nice.
I like it. I'm going to buy a Tyler data
card so that I can so I can collect all the film flower
pieces. But like I got a base 16 Z card
in my in my rewards this time. Like that's a .2 week card.
Or base 16Z. Is it the same person?
I don't know. There's lots of rumors.
Uh oh. I think a lot of those big CT
guys are the same person. But no, I think he might be.
He might be separate. He's definitely related to SIS
in some way, no doubt in my mind.
They work. They probably work together or
something. Hearing things, I think a lot of
those big folks are working together.
They're trying to, they feel. Yeah, I think, I think that's
very true. Even Anthem, right.
He's he was part of the VC and NYC crowd.
I think a lot of them are like those the NYC influences are
like XVC. They may have worked at the same
thumbs and stuff. Yeah, we're hearing things.
I big if true. I saw it on Biz.
Brian Johnson, what's he doing? I'm sharing the tweet I'm
sharing the tweet anyways yeah so fantasy top is popping I
actually really like these guys people are still putting oh
there you go just put mando in my deck look at that people are
playing you paper are playing you Mando after that by Tyler.
These cards are about to pop. Yeah, probably.
I mean, a lot of people like the game.
It's it's fun and it's just active.
Plus this is a perfect thing to play when it's choppy or like,
you know, like bear markets, you game choppy, choppy markets.
You kind of want to play video games, like do things.
It's like it's a good yield. Like Tyler was saying, you're
making a point to Ether week. That's pretty nice, honestly.
It'll add up. Ether's going to go up.
Yeah, and like that doesn't count.
Like I've written blast my blast Gold down to like 1/4 per point
and then I'm not even factoring in the fan points.
But like there's, I mean, they're good, decent products.
Those fan points might be worth something.
You know when they inevitably launch token.
I would love for fantasy top to tge bro.
I have so many fan points. I've got 1.4 million already and
like depending how long this goes it's going to keep going.
OK, you are like I've got 100. And 75 cards.
I stopped burning my cards so now I I I run out 70 decks per
week. Wait.
OK, yours deep. Yeah, I mean, I never stopped
playing. OK, like 1000 island stair, that
sorry 1000 yard stair that Tyler does when when he looks back on
all the DJ that he's done in the past, like a 1000 yards on
there, he's at the. He's at his parents house
thinking back about this stuff, he's like.
Fuck yeah I'm probably in for 15 EI think he'll do?
Good. Honestly, I genuinely think to
something like I look at My Portfolio now, it's like 3.25.
EI did burn a fuck ton of cards this weekend.
That's because I'm a degenerate. Maybe I should stop burning
cards and it's still good. It's holding good.
I guess You know, they're like what, 87080 cards saying well, I
like it. We like the game, we like the
game, we like the French defs. If anything, these guys have
proven to you that French defs can launch stuff.
They've worked a shocking amount this summer.
I'll be I'll be honest, I expected a lot less from the
French devs. You're so funny.
Anyways, that's hilarious. Anyways, so Tyler, Tyler, Tyler
Tyler, what else do you have for us?
I'm going through your stuff. I'm going through your stuff
Fantasy top Jason son. So I just as we talk about it,
alien punks, we talk about it Templeton, you know, crypto
index, not bad NFTSI mean how are NFTS doing?
We had quite a lot of good week last week.
Do we think it's going to sustain over this week?
Oh, that's interesting. Yeah.
So we, we popped what, 10 to 20% on the board on Eve.
I think perhaps a little bit more on Solana.
I feel like we'll probably like revert a little bit this week.
I think the, the there's a lot of like entities are back since
it's been on the timeline, but there aren't a whole lot of
people sharing their big NFT purchases on the timeline.
So it it feels like, you know, we got a little bit of the
rotation from mean traders back to NFTS, but this market is
still as quiet as ever. It's like without any a big
catalyst, it's kind of hard to see like what's going to make
them continue pumping. So I got I won't be surprised if
they're up another 510%, but I also won't be surprised if we
give back some recent gains like we're probably just going to
continue to chop, maybe start to slowly grind up with some ups
and downs along the way. That's my read.
I think on ordinals, Ordinals basically chopped last week,
runes pumped, then they gave back some gains this weekend.
Yeah. So like RSIC gave back about 20%
pop spec. I mean, if you look at the
weekly numbers, they're all right, but.
They're actually not that bad. The week is not bad.
I mean pops up .9 it's not bad. I mean there was much lower.
So you're not looking that bad. It's just tough overall.
Like the market's just like. Oh God this Domo ducks
collection is going nuts. I don't even know what this is.
They're up 300%. They're at point O 5 now.
Yeah, I'm not sure. It's not a bad floor in Bitcoin.
That's let's go look at it. What is Domo Ducks?
3000 bucks. Mando would have loved that.
It's over an eighth. Yeah.
These things are over an eighth. Wow.
Mando would have loved this. What are these things?
I don't know but. Give us some of the comments if
you're if you're in the dumb O ducks circle, please let us know
what. The Full disclosure, we owe none
and we're just finding out about this now, but if you're in this,
let me know. Let let Tyler and I know in the
comments so we can read a few comments about these.
I'm so sad Mando's missing the dumb O ducks.
Yeah, he's been well, that is so funny.
Look at these. Ah, no, hold on, Domo Ducks.
Do you know where that comes out of?
I don't even know some 300%. There's clearly like an ordinal
cabal at work, and sometimes we forget it's because it's been so
quiet. Oh my God.
I'll take it there's some action like it's it's better than just
the constant daily up and down. There's a four major.
I love that. All right, well, look, before we
move on to the to the to the to the other thing, you shared a
tweet earlier about pump fun and and and I, I read that this
weekend. What what are your thoughts
here? So Adam T the you know, he's
been kind of putting on these tweets out about pump fun and
now the conversation keeps on going about pump fun.
I mean, what do you think about this?
Yeah, so let's let's give out the numbers here.
So folks, if they're, if they're following, just listening along.
So here's the reality check. If you made over 1,000,000 bucks
in trading pump fund, you're a top 70 trader, .0028%.
If you made over 100,000, you're a top point O3 7%.
If you made over 10,000, you're a top .477%.
And if you made over $1000 you're a top 3% trader.
I think it's that last line that is kind of jarring to see that
only 3% of pump fund traders made more than $1000.
So 97% lost or made less than 1000.
So when you see that, I'm sure there's a lot of bots and
whatnot that are probably skewing some of these numbers.
But but my God, like it really feels like they're, there
weren't many winners. The winners were heavily
concentrated. And I think looking back to the
NFT run, and again, I'm not saying NFTS are better and I'm
not saying mean coin meta is over because I think it's going
to continue. It felt like the NFT winners
were more spread out and like perhaps like the seven figure
winners were were concentrated. Sure, like not that many people
made 1,000,000 bucks, but it sure felt like we all had like
it's felt like all of all of our buddies had the story of like
they minted something and sold it for 28th or 38th.
Like it felt like everyone had like at least one story like
that and you just, you don't have it in the pump fund
streets. And of course, the, the broader
meme market is bigger than just pump fun.
So I don't know if you can extrapolate this data out to the
entire meme coin cycle. I, I would imagine there's more
than 3% of meme traders have made more than $1000.
I'd be curious to see those numbers.
But like if you see this like looking at these numbers, does
this make you want to go enter the pump fun?
I mean, I never really was in the pump fun trenches to start
with. I don't know if the numbers
would make me want to go, but I don't think if they would also
make me not want to go. Like I feel like this is am I
the only person who just thinks like this is like the same odds
you have at life and like succeeding or even maybe a
little better? Like, I don't know.
Like I feel like people are like putting so much emphasis on pump
fun being the despair of things. But like I read this and was
like, I don't know if you're good with me or not, but like
when I read that tweet this weekend, I was like, OK, that's
just another thing crypto. Like, am I the only one who
feels that way? Like yeah, when I read the
timeline like. I think the 100,001 million,
sure. Those numbers didn't really
shock me. There's one in 14 million
chances to win the lottery. I actually googled that after I
saw that. I think what shocked me more was
just that the only 3% made $1000, so I guess I thought I
expected that to be higher. Yeah, I mean, in a way, I mean,
look, I guess this is bullish for the coins that are outside
pumped up fun because people are going to finally start looking
outside of it and be like, oh, maybe I should be buying a $10
million market cap coin that has held for a long time and
consolidated rather than just buy a 50K coin that people are
going to dump on me once it hits 95% bonding curve.
Because that's kind of the play right for people on Pump Fun.
Well, that's what I that's what I thought the rotation would be.
And it turns out the rotation is everyone just stopped or or
they're they're just selling. Listen, people rotate overnight
into my bag so I'm not mad. Did you mention?
It's good for you. There weren't too many.
There aren't too many green meme coins on the week.
Yeah, but I think they'll, I do think they'll come back.
I think we're just in a mall and people are kind of resetting and
we need, you know, we probably need the majors to go back up a
little bit. You do.
But people are going to get back in.
I was tweeting this morning. I was telling people like, just
you just got to this is where you just got to chill.
Like people just really got to chill right now.
Like just, you know, this is where you can just focus on your
work. Do what you got to do, save
money, make money, save money and just buy coins that you
like. Like if you actually like have
conviction in space. Like, you know, now more than
ever, I generally like I'm starting to really like believe
more and more and more into the whole like Kobe, like 2025 cycle
thing. Maybe it's opium, Maybe because
if it's my back bias, I don't want to like discard that
either, right, But I, I'm just like, I don't know, I, I like
where else are we going to like I, I, I don't, I don't, I don't
think we're close to an end. Plus it's summer chop.
Like summer historically across all markets is a shit time to
trade, right? Like what did Mandel just tell
us? I mean, he has he worked 10
years at Barclays, you know what I mean?
He. He's saying we're going to chop
till the election. I mean, I wouldn't be surprised.
I wouldn't be, yeah. Agree.
I'm a big believer in like the the global monetary supply
liquidity driving price action of these assets and it seems
like we're just getting started and the money premiums are going
to be on now for the next one to two years seems like.
And so that aligns with the 2026 cycle top.
I think previously I was more Q 4/20/25.
I don't have a huge difference between like mid 2026 to Q
4/20/25. I think it's hard to like
predict, but in general that's kind of where I'm at.
So I think the folks who were calling for Q 4/20/24, I never
actually was on board with that, but we'll see.
Yeah, I mean. How are your Poly market bets?
Bad I got raised on everything. I lost everything.
Not everything, no, I'm still up, but I on on Trump, on
Carmel, I did really good because I bet no one most.
Yeah, you're well on that one. Yeah, I cooked on that one.
So I had no on everything pretty much.
And Trump though I got absolutely cooked.
I I had Bitcoin and BTC because I figured crypto because I
figured he didn't talk about crypto last few times didn't hit
it. I had no on tampon because
tampon became consensus that therefore I wanted to go anti
consensus because it wasn't paying.
And he used tampon again for third time in a row.
He should probably get over that line after a moment.
So I'm I'm going to keep betting no until it hits and then
illegal immigration. He's like obsessed with that.
And I I thought he was going to say more than three times
because he did during the Elon interview and he didn't.
So I had I I had that. So that didn't work out for me.
So I pretty much gave like almost nearly a lot of my gains.
I had no on Iran as well. He said that.
So I went like anti consensus and I so the The thing is, you
have to bet no on Kamala and just yes on everything Trump,
because clearly he uses more words and lost to ramble.
What? How did you do?
I, I smashed on Trump. So I, I had the opposite.
So I, I went five or six. So I had yes on tampon, yes on,
I ran no on illegal immigration 3X, no on MAGA 5X.
And then I had no on Elon, which was 5 to 1.
So I, I did well, the only one I missed on.
I'm trying to figure out. I I bet a 12:50 long shot and
missed it, but you expect to lose those it Oh, the illegal
immigration was a terrible beat for you, so you probably weren't
listening. I actually did TuneIn.
He said Kamala migrants and illegal.
He said illegal aliens probably 20 times.
Oh, and you had to say like so, he said.
Illegal aliens instead of illegal immigrants.
So like conceptually, he did hit that topic very, very hard.
He just didn't use those. I'm happy to bet on, yeah, I'm
happy to bet on the words for both.
Like right now there's a Kamala like DNC acceptance speech bet
and stuff, but like, I can't possibly listen to them speak
any longer. I, I I cannot.
I'm not. Think we're getting, I think
we're getting some fatigue on these word bets a little bit.
I it was fun for a week. Yeah, but I'm I'm sitting to do
it. I mean, there's still $143 in My
Portfolio on there. So like, yeah, I'm, I'm still
gonna, you know, I'm definitely gonna gamble more, but but you
know, it's, it's, it's not something I'm looking forward to
because it's not speeches that I like to listen to that much.
Like I'm just like, I'm just kind of like, whatever, you know
what I mean? So there's some good odds
though, you know, because everything was a no last time
for Kamala. So you have some really solid
odds this time on the yeses, so. Interesting ones I just see you
I think so let's take a look real quick so this is Thursday
by the way I'm. On the wrong one.
Well, let's go. So I don't know what.
So her big speech is Thursday. I don't know if she's giving
like a smaller speech tonight. I don't think it's on there.
OK, so if you scroll, if you Scroll down to the info, is this
for tonight then just during her keynote?
So I'm pretty sure her keynote is Thursday.
It's a DNC acceptance speech, so whenever that is.
Yeah. So I think that's that's coming
Thursday. So we've got some time.
Yeah. Let's take a look at this
between now and then. She's going to be more scripted,
right? So she's going to be tighter,
but this is all you expect it to be, a longer speech, not going
back your heads. But that's like, you can't bet
the heavy favorite. Like, it's so hard to bet the
heavy favorites. Now why did they slide in the
word Jew in there? I'm sick like 5% this.
I'm sorry this is so random. Click click on that.
Does Jewish count or does it have to be Jew?
I guess we have to see here. OK, she's So it has to be Jew.
Yeah, I was Jewish does not count.
OK. Yeah, I am not betting on that.
This is such a random spread like this is like, I don't know
on burden is not bad or has she stopped saying has she stopped
saying her? Famous.
I haven't heard her say that in a while, so I don't know.
It's a little fishy. I like 6:00 to 1:00.
But see, not going back. Like that's her MAGA, right?
Like that's too easy. It is, but like, there's no
point. I like monkey pox at six points.
Monkey pox is not bad. I like that at 6%, you know. 16
to one on that, yeah. If I were to top out my thing
like $43, bet you know you're what you're looking at.
What's the return on that? If I hit hold on, let me zoom
out here and you're looking at $700, 700 bucks back.
It's not bad in monkey pox. Or maybe that's not the You
don't speak about monkey pox during the DNCI guess.
It's a long shot, let's put it that way yeah.
I mean, zooming out a little bit, Polymarket's doing 10 to
15,000,000 a day. Wow.
And it but like that I will I will give them credit for like
I, I thought we would see the volumes dip a little bit.
It's like we saw huge amounts bet on the election, then on
that the the dim VP bet and then it's been slower, right?
Like we're we're running out the DNC and then we're going to have
the debates on September 10th. I think that's going to be a big
day, but I thought we'd see more of a lull and there's not.
I don't think it's going to be a lull.
I think these prediction markets keep going man.
Like it's a it's a lot and it is fun and think about it like 8000
daily active traders nothing. I agree I I want to come back.
I feel like when Frintech like 20,000 or maybe 40,000.
Like every. Significantly.
More ET had a frantic account, brother.
Like everyone was on FT, everyone whose early cycle
sentiment was high, people were happy, everybody was starting to
make some serious fucking money. Solana was up 1000%.
Like it was like Frantech launch like that, you know that period.
And everybody was talking social fires, social fires, social
fires, social fire was like, you know.
Yes. What a fumble.
God, probably the biggest. One your eyes again.
Mando would have loved that one. Of this cycle, I just they made
$50 million million. Dollars, yes.
And then? How did I'm cooked bro?
The tokens worth like 10 million bucks or something right now,
and that's mostly Machi. Even Machi stopped buying.
He stopped buying, Yeah. He stopped buying last night.
Yeah, I know. We we need to hit Arbitrome.
Yeah, we'll chat more Polymark. And don't worry, folks.
That yeah, I mean the the, the if the bet is on Thursday, then
we'll go over it Thursday morning.
We'll you know, we'll we'll, we'll, we'll get to that.
But it's funny, I just I open Twitter and I see the tweet
about Machi's stop buying fucking Machi done buying the
stuff that you're talking about. So.
He had like 20%. I just thought he was going to
buy the whole thing and just do and launch something.
CTO, I don't blast. He was talking about at some
point we should CTO friend tech and move and move it to blast.
That's what I was talking about anyways.
All right, Well, Arbitrum, Arbitrum today we got, we got,
you know, every week, every Monday we're partnered with
Arbitrum in order to bring you the ecosystem updates going on
on there. And there's usually a lot this
week. You tell me there's a duck chain
on there, Tyler. Duck chain baby we.
Start there. I know we have three things to
hit for Arbitrum, but what the hell is Duck Chain?
Yeah, I'll, I'll get us there. So we've talked about Arbitrum
Orbit. I think that's the tech that
they've been using to launch the L3 chains.
Well, now the big news is you can use Orbit chains to launch
outside of Ethereum. So this started back in January.
The Arbitron Foundation announced this Arbitron
expansion program which allows products to fork their code
base, modify it, and then deploy it on other chains.
In return, Orbit expects to get 10% of that chains profit back
to the Arbitron ecosystem, 8% to the Dow and 2% to their
developers. So this actually just passed at
the end of July the 85% yes vote and now the news we've got the
first ever non etherium orbit chain lost.
It is called duck chain babe. It's launching in the tongue
ecosystem. The the test net and mainnet are
coming soon. Let's see if we can get the do
you have the do you have the duck have?
You right there? Yes, Sir.
There you go.
There. We go look at these.
Ducks, Today's how? Hotter ducks right now.
I love that duck. Hey, ducks are training.
We have we have Epic of Solana. We have duck chain Arbitrum,
which is tied to ton blockchain. And then we have those ducks on
on on Bitcoin. So what's this duck chain?
Yeah, I mean, these are some buzzwords you love.
So TON Telegram, right? They're they're growing in
droves over there right now. One of the hottest ecosystems in
crypto. And now you've got Orbit helping
to drive their first ever L2 on top of TON.
And it's called Duck Chain. I don't think we know a whole
lot about it. These are mysterious ducks right
now. So we'll certainly learn more
when they're test net and their main net launch.
But I mean, if you have to pick an ecosystem to build it, I
think outside of ETH right now, what's on the top of your list?
It's Solana and probably Ton Telegram, right?
There's two big ones for me if you're going outside of ETH.
So they are clearly looking to expand.
I think that makes sense. And then we've got this other
change here. Another big news piece from
Arbitrome this week is the stylist vote.
So another vote just passed. This one was well over 90%.
It was called the stylist vote. And what happens now is Rust, C
and C++ smart contracts are coming to Arbitrum One and Nova
starting on September 3rd. I think devs are already hailing
this as September 3rd will be the biggest day in Arbitrum yet
to date. And I think that's because of of
Rust. If folks aren't familiar, it's
been growing in popularity with blockchain programmers, notably
Solana. So Rust is a a big programming
language for Solana. It's also used in near and polka
dots. So so Solana devs can now
program ABS contracts inside Arbitrome.
So that's a pretty big deal. They just pulling back in
summer. We we see all the efforts
they're doing to expand outside of of just their core Ethereum
area. And then also, you know,
recognizing success on other chains and helping to bring that
back into their ecosystem. So you know, everything they're
doing is, you know, it's helping the broader crypto ecosystem as
well as, you know, helping out Arbitrum.
So I think you're happy. It's a win win.
Sure. If you're in the Arbitrum Dow,
and I'm very curious to see what this Arbday coming on September
3rd, you know what kind of new developers will see.
Yeah, I think it's. Going to be in Korea actually
right? There's Devon event there that
day. She headed to Japan on Sunday,
bro. Oh wow.
I know, I know, I'm, I'm excited about sometime.
I'm not excited. I'm so busy bro, Oh my God.
Speaking of busy, it is 10:59 AM so got to get on to our 17
meetings for the day. I hope you enjoyed Annapolis for
the week. It's I were you there Vcon last
year. I was, yeah.
I enjoyed Vcon quite a bit. Yeah, we were.
We were there last year. I went to this.
I mean, my, my highlight was this one steakhouse I went to,
but that's about it. I think it was a Ruth, Chris.
Ruth Chris is good. St.
Elmos is the iconic Indianapolis one as well.
So we'll we'll try to get the we'll try to get down there.
I love that. All right, well, Tyler, enjoy,
enjoy, enjoy the rest of your Monday and with that, everybody,
I hope you have a wonderful rest of your week.
Everybody remember it's a full moon today.
Let the pump inside of you. And with that, with that, with
that, we'll see you tomorrow morning, 10:00 AM Eastern
Standard Time. Further episode of from While
we're on Rock Radio. Lots.