Good morning, good morning GMGM everyone, and welcome to another
episode of Omo Howard Today. Today is Friday, May 16th, 2025.
Books Sun is shining, the coins are green.
Feels like we're set up for a bullish weekend here.
I'm being told in the studio that it's Spark Coin Friday.
I'm learning this in real time. We're going to find out together
exactly what that means on today's show.
We've got a lot to talk about. I've got my Co host in the
house. Baroque is back.
We've got Logan as well. Boys GM, how you doing Baroque
live from Toronto? How's consensus?
Live for Toronto, eh? You know they speak weird here.
We're here. You know, I got to tell you I
came to Toronto to make sure the Leafs lose and as soon as I got
here, they got their asses group 6/1 the other night by the
Panthers and tonight it makes they could be getting knocked
out of the playoffs. So that's why I'm here.
Tyler. Things are great.
I love the energy.
Consensus is, see, like my favorite conference every time,
whether it's in Hong Kong or anywhere they do it.
And I have to say, I have to give it to the Coindesk team.
This is one of the highest quality conferences.
I've been out again, again and again to keep doing it.
And I say that every time they do it, but it's really good.
Yeah, they're really strong. I went to the the consensus in
Austin a couple months back. See, that's the one that just
moved up here. It's impressive, man.
It's impressive. Yeah, a lot of high caliber
folks, really, really well done. So shout out to Coin Desk that
looks like we got Mando during the studio.
Look at his new background as well rocking the.
Shirt we love. It rocking the shirt today.
I think I've got a different background actually, maybe one
because my head when it's black like this, it just kind of.
Yeah. You know, it just kind of gets
you. That's all right, Mano.
GM how are you doing? I'm doing great.
How are you are we live? Yeah, we're live.
We are live. Yeah, you came in right during
the intros. Perfect timing.
And it's going around the horn. Logan, Jay.
Good morning. Doing well, fighting off some
early morning rain here in Pennsylvania, but otherwise,
can't complain. Excited to be here.
Happy Friday. Yeah.
Happy Friday to everyone, folks. What are we talking about on
today's show? We're going to start with the
market report. More institutions are buying.
Bob Lucas says we're going to all time high in six days.
So we're going to talk about is he right or not?
Arthur Hayes has laid out his latest essay calling for $1
million Bitcoin by the end of the Trump administration.
It's also Fart Coin Fridays, so we're going to find out what
that means and what the hell FAR Coin is going to do from here.
Coin bases bad day got worse yesterday.
We've got FX Distro 2 coming out the end of this month.
We got a new draft of the Genius Act.
Kaido continues to outperform. Along with the hype, we're going
to talk about the latest rewards that are giving out over
6,000,000, that current pricing. We've got the launch coins
ecosystem cooling off rotations, perhaps back to memes.
We've got a new AINT game that Logan has been grinding, the
Frankly Gods hack breakdown plus more, plus triple yeet action
today folks, we haven't done it the last few days.
We are going to make up for it today.
Triple yeet action. The code is weakened, so go
ahead and and get in and grinding for that one.
We're going to be giving away a lot of cash at the end of the
show. Before we dive in, shout out to
our partner wallet Connect Wallet connect is the
connectivity network shaping the future of on chain UX.
If you've connected to a web 3 app, you've seen wallet connect
that blue logo, it's everywhere, an icon of trust in crypto as a
recognizable as Visa at the checkout.
If you want to learn more, follow at wallet connect on X
and Telegram to stay ahead of what's next.
All right, you know, if you're ready, let's get into it.
Thanks man. Who is the man Macro Bloody of
the Lamb? Can you dig it?
Yeah, GM everyone. So we have a little bit of a
better day. It feels like today most of my
the coins I'm tracking are up. Since when?
We showed since the show yesterday, not that much in
terms of macro. We had obviously a little bit of
a miss on PPI yesterday. Stocks had no K day in the end
and they've been relatively quiet today.
It feels as though the biggest headline yesterday was the
Coinbase news, which I guess is a big bit of news if you care
about Coinbase stock, which went down quite a bit.
But other than that, it didn't really affect the market.
Bitcoin's still hanging out at this 104K level.
It's been good that it's kind of been anchored there.
Even though gold has had a little bit lower Bitcoin
dominance as well. Hasn't hasn't just reversed.
I think last time we saw this move in Bitcoin dominance, it
went, it went down and then just like immediately almost
reversed. And it's actually gone down
again a bit today. So interesting to see if this
kind of trend continues. Obviously, I've been saying like
I'm, I'm more bullish on ETH right now and that could
continue. But Bitcoin dominance has gone
back it, it kind of hit 63 1/2, just it's now back below 63.
So maybe we will see a bit more of a sustained period here of,
of altcoins outperforming or at least ETH outperforming not
really much on meme coins. It feels as though the there's
been a bit of wind out the sails of the of the recent matters.
The biggest mover I see is with which is interestingly catching
a bit of a bid and maybe some of the the more ETH based meme
coins are outperforming slightly today, like Pepe and MOG are
outperforming far coin again. I'm keeping being so surprised
at this coin like it doesn't it's been trending here for a
while. It feels like now like kind of
feels like it was at this level. Was that one point?
Yeah, was that one point two basically in April about two
months ago hit hit kind of this sort of level and it's been
hanging out ever since, which has been strange to me.
I do think one day very soon that one's going to have a bit
of a decent move. But maybe it's just the PDP
nature of soul at the moment or just naturally of soul that's
causing that hyper liquid. As you have been tweeting out,
Tyler's probably the the biggest gainer in L ones.
It was kind of I think mentioned in that Arthur Hayes piece too
that you know he's looking for alt coins with decent product
market fit slash utility at the moment and that one fit fit the
bill, yeah, but not not much else other than that.
Most of the other ones are up slightly, but it's definitely
high beneath. Which are which are the
strongest? Yeah, I think that's the
rundown. There really wasn't a whole lot
on the on the macro side. I'll come back to the coins here
in a second. I think we had the Coinbase we
talked about the Coinbase exploit on on yesterday's show.
I don't think we really need to go back through that.
It does feel like the reactions kind of got worse as the day
went on as more and more folks kind of realized the scale of
the data that was leaked, exactly what it was addresses,
photo IDs, It's bad. It's it's serious.
And it does feel like they it was, it was a lack of internal
controls, effectively offshore customer support teams that were
bribed and enabled this to happen.
But at the same, I mean, the market's shaking it off today.
Coinbase up 6% so out outpacing the the majors.
That's that's, that's surprising the coin stock today after
yesterday's events. Yeah, I'm surprised as well.
They also the news came out in the second-half of the day that
they're facing the an inquiry from the SEC.
Isn't that an old one? Is it I I I saw the the the
headline come through, I thought.
It was lingering, yeah. From Biden admin.
I'm not sure I'm 100%, but I saw something like this from Paul.
There's Chief Legal, but yeah, that you'd think that it would
be down today, which is impressive.
Yeah, exactly. So people are are are shaking it
off. I don't know.
It feels like a lot of brand damage has been done and we'll
we'll see if it's a less comfortable to custody your
coins with Coinbase knowing that this has all happened.
Yeah, it feels like a quiet day overall, both for macro and for
and for crypto. Like if the biggest news is kind
of yesterday's Coinbase headline, then so much we can be
shocked about the customer data for 1% of users being lost,
right? Well, I think we don't, we don't
believe that it's 1%, I think. That's saying, yeah, it could be
more. I want to hear more about you.
For Rogue, how's consensus going?
Like what? What's the vibe there?
It's good, man. I got my Canadian flag in honour
of consensus going on in the background.
It's great. Honestly, I was hitting at the
top of the show. Mando.
It's it's always like the best conferences.
These people know how to do it and do it right.
The quality of the people that are here is pretty big, like a
lot of large founders because you know, it's North America,
right? So everyone came up from like
New York or like Miami, whatever.
A lot of people from Canada, right, Like Canada, you know, as
much as they try to fight this crypto evolution, revolution,
you know, is home to some of the largest, biggest founders in
crypto, right? And so it's really impressive to
be here. The conference is really good.
Some heavy panelists. So yesterday I was speaking at
11 AM and Kevin O'Leary just so happened to speak at the same
time as me. So, so my panel was, you know,
half empty because of Mr. Wonderful.
I'm sure you had some great thoughts on the future of crypto
and and his backing of SBF, you know, but besides that, you
know, Dave Portnoy also definitely had a lot of good
things to say, you know, because he knows a lot about crypto and
so he was saying perhaps XRP could become next Bitcoin.
So you know, it was really great to see those headline speakers
that really, really care about our space.
But besides that, you know, they they brought like Eric Trump out
or is he today? Is it today?
I think it's today. And they brought some some
really, really high quality people on the side.
Events are just really good. So been good, Mando, it's been
good, some some good business being done and and some some,
you know, some great people to see.
I spent some time with the bear chain founders.
Finally got to meet Smokey tonight and and Yogi some good
lads too. They got some really cool stuff
going on and and the people love myriad.
You know, I every time now we that's how I know we're starting
to get a lot of users because like when people come up to me
and before was like, Yo, I listen to the morning show and
stuff like that. Still get that, and they love
you guys, but now it's like, yo, like I've been predicting and
collecting my points and I'm like, fuck, yeah.
So it's like, that's how you know that your thing's starting
to work out, you know? That's very good to hear.
Logan just just did his weekly rundown of the, the myriad
markets, the hot markets from this week.
So if you're looking to to get some action and go go check that
out. Well, it's Friday.
I thought it might make sense to just do a little fun like
thoughts on on some of the tokens as Manda mentioned,
there's not a whole lot of news today on the Bitcoin front.
A couple interesting tweets posts, technical analysis that I
saw so one this summary headline of the institution buying from
this week was a was a pretty big one.
Goldman Sachs up to 1.65 Abu Dhabi up to 511.
This new Hong Kong company 860 million so that that trend
continues. Bob Lucas shared his latest
Bitcoin TA a couple days ago and it is calling.
He's saying we were this was 2 days ago, day 37 of the 60 day
cycle calling for Bitcoin all time high 110K day 45 that is
next Thursday. So I'm I'm curious for this
group's thoughts you are you in line with Bob?
Do you think we we touch all time high levels next week or
are you saying we're not quite there yet and I'll throw to you.
I think there's a lot of air between between 103A110K.
Like 110K has been like a point of resistance a bunch of times.
Like if you look at it, it hit it once once or maybe it's like
100 and 708 K, but it hit it multiple times in that second
period. I'm not going to hit all time
high. We may get an all time high
close. Do you know what I mean?
Like I think it could. There's no doubt it's about to
tap that level of resistance, right?
There's literally just no doubt because that's been where it's
hit so many times. It just it, it may stick around
there or it may smash through. My guess is we've probably got
it, hits it once and then goes back down and then hits it maybe
once or twice more. Yeah, if you look at the closes,
it doesn't look like we really ever closed much above one of
the six. Right, exactly.
That's what I've been. Yeah.
So I mean we're, we're, yeah, we're right back at the top of
this range and we want to be cautious about, you know, being
super bullish at the top of the range as always.
But like this recent price action, we, we got to what 94 we
we chopped there for two weeks then we leveled up now one O 3,
one O 4 shopping there for a full week now.
And the question is how much longer are we going to
consolidate here for Oak Firmable?
What are your thoughts? Dude, I honestly, I'm so
surprised that we haven't broken down yet to like back to like
like we kissed 100 that other day and that's it.
So I at this stage I'm like, wow, because but first you're
like, we haven't broken, you know, above that one O 4 top
range yet. We're probably going to get
smacked back down. But now he's like, wait, we're
holding really strong up there. And, and the news are only good
in the political side. I don't know if you guys saw
like Fox, like broke down like Trump's, like the recent trip to
the Middle East and how successful it's been like,
arguably like one of the most successful Middle Eastern trips
in history of an American president.
And, and I'm looking at all these investments being done and
all these, all these deals being made with NVIDIA and everything.
And then I'm looking at the price of bitcoins and I'm
obviously live getting sentiment.
So it doesn't help, right, Because everyone's so bullish at
events right now, right? So it's like you that life
sentiment. Well, it does help.
I don't know. So I don't know, tough for me to
tough for me so far, you know, we are still in May, but we
survived the first half of May without selling off.
And now if we could just liquidate that fart coin white
whale that's short on hyperliquid and I'll be fine.
I get the sentiment that that folks want to, they want to sell
them and go away. Like everyone wants to take the
summer off. Like that's the sentiment I get
on the timeline, but there there's too much action right
now to do that. Logan, curious for your
thoughts. Yeah.
I, I actually, I feel like this consolidation range, if you'd
like to call it that, for what the last few weeks, I don't
know, the days blur together, but feels, you know, I'm not the
macro expert here, of course, but it feels really healthy to
me or it's felt more healthy. I know yesterday we mentioned
like a little bit of a lingering feeling of the uncertainty and
uneasiness of like more sailor like institutions coming in and
what, what does that actually mean?
We had a good debate about that. But I, I, I still feel OK here
and I, I think breaking upwards towards that number is, is
totally in play. I don't necessarily know what it
Bob has it like in two days or something, In six days or
something. Crazy thing like that next
Thursday. Yeah, I, I, I won't venture to
guess or put an actual date on that, but I, I do feel, I don't
know, just a lingering goodness, if you want to call it that,
about this recent consolidation. And everything feels a little
bit lighter. But the, the craziness is, of
course, the, the volatility and the uncertainty of whatever
Trump might post on social media in the next 24 hours could
completely, you know, spin that thesis on its head and, you
know, in microseconds. So that's the that's the world
we live in. And need to remind ourselves
that we were at 77 KA month ago. So this has been a a big move.
But just look, I mean, all the dips recently have been bit up
pretty fast. I think folk, you kind of
mentioned that it's like there really hasn't been much of A dip
at all. The other the other one we want
to watch here. ETH outperformed again on the
day. Up up more than Bitcoin looks
like it's OK ETH the 4K. Imagine the smell around 54.
Ki love the transition of Mando into like the arguably the
biggest E bull. He's like Cecil and and you
know, bank list and all those guys DC, they put up Eric, Eric
Trump. They've put up with so much shit
in the last few weeks, year, year and a half to year and a
half, right. Oh, year and a half of this and
now men comes in balls swinging calling it the 4K and so happens
to be potentially right. I'm just telling you like, yeah,
two years of underperformance, it's up what, 25% versus
Bitcoin, something like that. There's a lot of pent up sexual.
If. It if it really wants to go
here. Oh, it's, it's, you know,
Ethan's going to blow its load at some point.
Less than less than 48th, we'll get you a Bitcoin now.
Well I was like 55 a week ago. 55, which was just an outrageous
number in in in that moment. So hopefully you didn't swap
your ETH to Bitcoin at that at that bottom.
The other token I want to get thoughts on.
I know one that that's near and dear to to your heart there far
oak is far coin. It's far coin Friday, so I so
let's talk about it. And this thing has been grinding
up. It is just cup and handling cup
and handling, but never really breaking out right, like we're
seeing we're seeing like the 20% breakouts.
A reminder for folks, if you're not in the stream that weekend
is the code weekend is the code for eat action today coming up
later in the show. I've seen this chart before in
me, the steady legs up like this, and it typically happened
before a big breakout. I feel like the inevitable
breakout is coming at some point.
I don't know when and I don't know what the catalyst is going
to be. It's.
Going to happen. You just got to believe, you
know, You just got to believe. I know dude.
On my way to consensus, it was like 147 and I was like euphoric
as fuck. I should have known like on my
train right here. I was like going crazy and yeah,
again, we got smacked back down. Feel like there's a lot of
pressure on what, like 1:30 What is 138?
Something's going on, man. There's, I don't know, It's, I
like it. I like it.
I think it's going to, I think it's going to break out at some
point and it'll look good, you know?
What's your target if we break out from the 145 range?
160 and then two. That would be annoying if we
just keep going up $0.15. I know I mean.
It's very possible. I mean, that's, that's the more
likely next level, yeah. Man, you never know, man,
Bitcoin goes to all time high, Ethereum goes up, Solana goes
crazy too, and then you know, then the slights on.
But I don't know it's it's it's it could be frustrating.
It could be frustrating, but you just got to I believe I I still
have fat ass position on and I'm just going to wait when I'm when
I'm. Conference travelling.
I'm hands off. It's my rule.
You got to just believe. It's good as sleep adjusted risk
point at this point. That's what you want to do right
now. Sleep adjusted may get some
sleep adjusted returns. That's not that's actually not a
bad idea. Launch coin has not been the
most sleep adjusted hold by any means.
It's incredibly volatile. I don't think we need to spend a
whole lot of time on it here today.
We've been hitting it pretty hard this week.
It's at 180 million, down 30% on the day.
It looks like passion X kind of come out and said, A, we're
going to slow things down and then B, there's been some fun
around fees and and how the the different creators are getting
them, He said. We're going to try to make some
adjustments. I think this is going to be an
interesting next week for them. I think we'll have to figure out
some next moves, perhaps some announcements and it wouldn't
surprise me if they kind of chop, wouldn't surprise me if it
kind of chops and bleeds a bit over this weekend.
I think it peaked the ecosystem was around 500 million.
It's around 280 million right now.
And the daily volume down about 60% fees down as well.
So, so not as you surprised the fees are down if the volume is
down, but it's going to be a pivotal next few days for that.
I think perhaps it's more interesting to talk about as
Kaido continues to grind up. Man, this thing's at 2 billion
two dollars. This is on the back of their
latest rewards with Infinex. You guys see this?
Somebody's posting me. I get I've got 6 grand coming to
me next week from this. What you were you been posting
about Infinex I? Haven't.
What do you mean? B check DM me and said look you
get because you were like I I think I must have been a big
yapper last week, which I don't know, and they just he just has
to be pacing me opposed to me being like you've got 6 grander
rewards coming. Wait, how do we check that?
Yeah, we need to share. That I've been yapping bro.
Hold on. I didn't get any DMS so I'm
going to say I'm not on the list.
Which I don't know. I wanted to slam my desk when I
saw this today. So just to give folks who who
may not be familiar, Infinex has been running a campaign on
Kaido. They have been alluding that
their top yappers would be very happy.
They just announced that they are going to distribute $6
million at current prices in the form of their You Patrons
tokens. This season 0 is the season that
they just ran. They're going to have $600,000
in rewards, 900K for the next season 1 and then more for
season 2 and season 3. Of course, that's the current
prices, so the prices would have to hold.
But anyways, I think that the the high level take away it's a
pretty large rewards program, one of the largest we've seen on
Kaido. The top yappers got 20 K.
The bandit got 12 Ki think he was he was top five, top ten.
So the folks who've been grinding this stuff and it's
paying off and apparently Mando is getting 6K, which is.
How did the rich keep getting richer?
Like maybe I did one of the Mando minutes maybe.
It's it's crazy. Rich get richer, man.
It's so crazy. I don't, yeah.
I mean, it's possible to that. It's possible they're also just
rewarding top yappers and they could also just, we've seen
campaigns that like will give tokens to the top people on your
specific minds, your board, as well as people who are top of
the overall. Yeah, I can share my screen if I
I can show you guys. So how do you see?
Yeah, what do you see? This?
Let's see Mando's key. Someone just said Mando with the
bando. God damn it.
Scroll scroll up. No, he just sent me a
screenshot. I didn't see you this.
That's Adm from B check. Got it.
Wow, interesting. I didn't ever find that
leaderboard, so if anyone's got the yeah.
I don't know where to see what he's seeing.
Like whatever B check found. I don't know where you find
that. But this was a big one.
And I think a couple takeaways. People in CT are going to see
this. They're going to be more
incentivized to talk about Infinex and other protocols
hoping for rewards like this. And then I mean, if you are a
founder, I think you have to at least have the conversation.
Like if you're thinking about marketing angles on on CT, you
have to at least think about it. I'm not saying it's necessarily
the right choice, but we made our.
Call. We made our call.
You want to disclose it or is it a surprise?
Be a surprise. All right, there you have it
folks. So the infinex #1 on the pre tge
board at Kaido right now, I think not a huge surprise on the
back of this huge program. If you look at the seven day
pump fun abstract monad Newton open C Infinex in the top 6.
So, so they're up there with some of the biggest protocols in
the space. If you zoom out a little bit,
the 30 day board pump monad abstract here, IQ Open C Somnia,
Sofon, Mega Ethan Phoenix, so top 10.
So I mean, these, these campaigns are enough to to get a
protocol like Infinix into the top ten of CT mindshare, which
isn't easy to do. It's very competitive.
There's there's tons of protocols.
There's there's a lot of teams doing these things so it it it
can work. I thought this was a pretty
balanced take from Adam Fern. Talking about pros and cons Pros
This is more from like the founder lens.
If you care about top of funnel, probably no better place to
spend it on Kaido gamification leaderboards.
Fun. Great to see direct rewards to
creators without middle men. Cons mind chair does not always
lead to user growth or revenue. Some mercenary yappers are like
Locust Capital. Top accounts seem to be reaping
lion's share of the rewards. Some low quality AI slob.
I mean that that's going to be pretty hard to avoid anywhere
right now. I think this is a pretty
balanced take. I says on the whole, I love
seeing smart teams trying to do things.
We'll continue to monitor. So it's working it this is it's
big. It doesn't seem like they're
going to flash in the pan. I think Kaido is going to
continue being a thing in CT at least across 2025.
I think it's hard to project out more than three to six months in
this space in general just without fast trends change.
It's it's hanging in there and and two billion, 2 billion FTV,
it's nice. So shout outs kind of they
continue to do big things and those are some of the big
topics. Logie, I thought maybe we want
to talk about this. Yesterday we kind of ran out of
time. There's this big AINFT game
that's been going on with AI trading agents.
GMO was talking about this. He's pitching it to folks.
I think you got in. Tell us about this.
What is it? Yeah, so it's been all over my
timeline. If you've seen some Gremlin
style art on yours, you're probably seeing the exact same
thing, but it's a it's an AI trading agent trading
simulation. So it's 30.
It's called DX terminal. It's from the DX research group.
They did the singularity thing back in December.
You may remember the big AI agent thing.
It was like a streaming agent thing.
Tough to explain on on short notice here, but anyway, it's
called DX terminal. If you search that on Twitter,
Tyler DX research group, you'll be able to find it pretty
easily. There's a lot of yeah, exactly
that. So it's kind of like this
Windows 98 aesthetic that you see.
They're very, very similar to that.
But basically people minted these AI agents on base as NFTS
and the agents themselves, there's 36,000 of them now are
autonomously participating in this trading simulation over the
course of like 7 days. So what you're seeing in these
little gifts and screenshots is literally the agents working on
them, you know, sorry, working themselves.
And the whole point is they are all, they're trained on Solana
data, basically the, the entire history of Solana transactions.
But they are basically trying to earn as much of the in game
currency, which is an off chain currency.
It's called Webcoin. But they're basically trying to
get as much as they possibly can.
They're competing against each other just like they're normal
crypto traders. And the people participating, us
humans participating can sort of prompt them their language
models basically, right? You can sort of prompt them like
you would ChatGPT to try to earn more web coin on your behalf.
So I don't know if you've scrolled through, but you know,
people are trying to get them to do pump and dumps like I was
trying. I meant did a few and we were
participating. I was trying to get my agents to
ask people to donate. Just had a pity and stuff like
that. And it's just, it's really
funny. I mean, if you scroll through,
there's lots and lots at least on my feed, which of course has
now been, you know, overtaken by just cause I've engaged with
some of this. But yeah, scroll up just a
little bit tighter. Stop on that finger one there.
Oops. Sorry.
Just below. Yeah, right there.
See that? Yep, right there.
Not to detract too much, but the the simulation is also has these
macroeconomic events thrown in right to to just spice up stuff.
So there was a finger found in Wendy's chili which impacted the
price of food tokens within. And then the agents need to
react to that. Or the humans, of course, right,
can prompt their agents to act in a certain way as it relates
to whatever has taken place. So there are a handful of things
that occurred last night. And essentially this happens
over the course of a week in our lifetime.
But for them, it's about 12 years.
So each day is about two years of lifetime.
So they're kind of going through cycles of crypto activity all at
once. So it's taking over my timeline.
I think it's a really cool experiment.
It's not necessarily like you're speculatively driven thing that
you know, many people here are frothing over, right?
This is an off chain currency web coin that is it's it's not a
real token, but nevertheless, it's a it's a fun experiment
that people seem to be having a good time with, at least from my
perspective in reading. I was reading a lot of tweets
this morning about it and people are prompting their agents to do
all sorts of weird stuff. It's it's been pretty cool.
So. This is not far off from the
plot of the recent Black Mirror episode.
I've got that simulation episode.
I'm not sure if folks saw that in fact, that the interface
looks similar. So how, how do you play this
Logan? You kind of, you kind of went in
there. It's like, how do you train your
agents? How do you make them good?
Like what? What, what?
The agents you have? I'm sorry.
Yeah. The the agents are already all
trained themselves. When you mint them, they kind of
come with like a unique persona, right, That is based on actual
human data in this in the form of Solana transactions, trading
transactions and stuff. So they have all that in order
to play. I mean, you can really do as
much as you want, right? You can be hands off and they
will just act on their own behalf.
They, they are trained to try to acquire this web coin on their
own. So you don't have to do
anything. They will try to do it on their
own, but then you can interact with them.
You can prompt them as much as you want.
I think there's like, you know, there's little buffers in there
so you're not overdoing it and stuff, but you can ask them to
try to do things to try to acquire it if you wish.
So there's, it's really up to you and how you wish to
participate. Participating itself, like you
have to mint the NFTS or if you didn't mint, you can buy them on
secondary to participate. So you do need to have the NFT
to participate, but once you've got that, it's literally just
like interacting with ChatGPT more or less, right?
Like you can type in and talk to your agent and tell them to do
stuff. So you can so you can kind of
just do luck of the draw and just play the agents that you
meant it or you could be more hands on like what?
So what do you get if you win? So there is that.
That's part of it. There's there's nothing to get
if you win. Yeah, it's not like it's like
the the web coin thing, it's off chain.
It's not a real token. So it's not like you are
competing for, you know, millions of dollars worth of web
coin. And I understand, I understand
the like the little, you know, veil of disappointment that may
come over most of our space and hearing that.
But it doesn't mean it doesn't mean that in the future like
something like this couldn't, you know, be undertaken with
real, you know, with real, real capital involved in some way or
not. But it Webcoin itself is an off
chain currency. It's not a it's not a real
token. The tokens in the game are not
real tokens or anything like that all.
Right. So from a trading perspective,
anyone who mented these with hopes of getting a profit is
just out out of luck. Yeah, but this is another
example of crypto Twitter just like, and crypto participants in
general just like not not caring to do any due diligence at all.
Like if you read or look at the white paper like it's, it's
pretty clear that like it's an off chain currency and you know,
and all those things. But yeah, I, I don't, I don't
expect there to be anyone here who is overly victorious
financially in any way. Got it.
Well, it's an interesting game for for sure.
I'm curious kind of where they or they take this what, what,
what happens next if if they do another season, if they figure
out a way to do prizes. But clearly some folks are
excited about it and a lot of work went into it as well on the
NFT front of ones that are being traded for profit.
This refik and all meant, have you seen this one Biomalumina?
He sold 1000 of these at $5000 a pop a few days ago, raised
$5,000,000 in about 25 minutes, and now the NFTS are at 4.4 ETH.
They have not revealed yet 4.4 around $11,500 or so.
So anyone invented up a quick 125%?
So a nice little return there, those Ethos NFTS doing doing
quite well for those who got AirDrop those as well.
So Logan, I'll talk to you in any reactions.
You've been following some of these in a team Mints art
season, perhaps coming back. Yeah, I haven't been following
super closely, but this doesn't detract too much from what feels
like a small underlying theme with digital art kind of, I
don't know, regaining some focus.
Like there was some X copy stuff from what maybe a month or so
ago. It just kind of keeps bubbling
up. They're here right now.
And of course the ETH resurgence, I think it's helping
this. I've seen some more tweets about
like ETH needs NFTSI can't remember like where those came
from, but right, those types of tweets thematically are, are in
my feed a little bit more and getting people, I think the just
the ETH outperformance, getting people bowled up on the stuff
that you can do on ETH, which you remember the last cycle was,
you know, largely, largely NFTS. So it's good to see.
I it's exciting to see more ETH NFT stuff and NFTS in general,
because without that, yeah, I'm only speaking for myself here.
Of course, without that, the token, the token trading itself
can be quite monotonous and and not as fun, right.
The NFTS, the non fungible nature of them does introduce
just a little bit of creativity and a little bit of innovation
that, you know, pure token trading can't really replicate.
So I am all, I'm all in for a, a potential ETH NFT season or, or
something like that. That would be, I think, a
welcome sight in the near future.
There you have it, these grifters back to a 28th floor.
Now you don't always see a whole.
I think this is the one of the best X copy little, you know,
pieces that he has that these are nice.
I'm not a major, major X copy, at least in terms of the output.
I'm not a major fan of the sort of darker thematic stuff and the
glitch art, but the grifters are nice.
Those are at 20, the mass of Loosa hanging out at 6.9.
I'm not still a little surprised to see the spread between the
grifter masks spread at the point a little bit.
I still think it might. But the mass sales also, they
keep, they keep coming in. I see there's what 88 to 10 this
week? So there, there's some action on
that board. The, the salon streets have been
interesting. So like kind of taking a step
back from launch coin that was dominating everything really for
most of this week. There was some action last
night. So whatever this XBT token is
came out of nowhere, up 30,000%, straight to 24,000,000.
So this was a huge runner. Not really exactly sure what
what this product is, if it's just a pure meme, if there's
more to it, but but that one came out $34 million volume.
This polycule token did did all right.
It looks like trying to see what other winners were out there.
This Petunia token up nearly 100% to 10 million.
Looks like it's selling off a bit here as well.
Been a little bit of a weird week in the trenches.
It felt like rotation from memes to launch coin.
All those launch coin ecosystem tokens for the most part have
have largely sold off. I mean, dupe is down to 12
million. Startup is the the number one
below launch coin now at 18. And there's there's only four
above 5 million now. So I think that's some pretty
striking downturns. I think some folks probably got
wrecked a bit in there. Unfortunately, anyone who is
late chasing these apps, which I think is not, is also
contributing to the draw down on launch coin right now.
I think there there needs to be some some good trade-offs in the
eco and with this slower pace, I'm not sure where those are
going to come from. So I think that does open it up.
If you're more, if you don't like the launch coin meta, you
like more the pure Solana mean coin game, I think you should be
happy about that because it's opening up the board back for
the the the meme plays this weekend.
So we'll see what catches fire last week when I was fairly
busy. I want to, I want to say maybe
we'll gain some steam here this weekend as well.
Please. I don't know.
That was kind of the rundown of the big stories.
Did I miss anything, Logan? Was there anything else on your
radar? Not particularly.
I don't think so. I think we we hit just about
everything. I'm going to look through my
list here. Yeah, we'll give folks another
chance to get into the to the year.
Oh, we didn't talk about, we didn't talk about the Frank the
Gods thing. I don't know if you wanted to
talk about that or not. Yeah, not, not a whole lot to
say. We we saw some tweets going
viral. People thought that Frank was
dumping his D Gods, looks like he got his trading laptop
compromised. Yeah.
He had 17 to gods in there. I think he's got other D gods
and other wallets. They also sold off like all the
desk tokens he had. I think my biggest question is
how did Frank get compromised because I mean, he was someone
who was trading millions of dollars.
What's up? Your computer compromise.
The wallet was at least I. Know.
He confirmed, yeah, I, I chatted with him yesterday for a story
at the crypt. He confirmed those details to
me. He said he was not well in the,
in the message that it was shared widely and then reshared
with me. Wasn't exactly sure what it
transpired, but he told me he's redoing all his opsec and stuff
to, you know, try to keep something like this from
happening in the future and said it could have been much, much
worse. So.
Man, it looks like he's not buying it.
Yeah, unfortunately you can only really take somebody's word for
something like that unless there's definitive proof with
something technologically, you know, I, I've got to just trust
what Frank tells me in that instance, so.
That's a good article. I saw it I think.
It's it. It's unfortunate that, but it's.
Probably real, you know. What happens?
Well, I mean, it's unfortunate, Frank aside, anybody in that
situation, like if that really does happen to you, nobody's
going to believe you. You know, that's, that's a
shitty situation to be in regardless.
And of course, like nobody wants to lose.
It was around like $19,000 worth of assets, I think.
Like nobody wants, nobody wants to lose that.
So that sucks as well. But just the, the emotional
toll. Yeah.
Which he, he seemed to be a good sport about.
Like he, you know, he was kind of like the headlines are funny,
but can't remember his exact quote.
But you know, the headlines are funny, but like, obviously I
wouldn't, you know, be looking to do this.
So he he maintained, I know he stepped away from his role as
CEO, but maintained to me and in other statements as well that
you know, he is fully expecting that the pasta and chill who are
taking over long time community members and team members there
will cook. Good, good quote.
I think it. I think he got it hacked.
I don't think Frank is desperate to sell 17D gods personally in
like a situation. I am more just curious though,
like at one point in time, like that was his main trade.
Like he was trading millions of dollars.
So like, it's like that could have been very, very bad.
Yeah. He just, like, let his guard
down. Like how did?
Yeah, I mean, when you move fast, you know, you can, it's
easy to get like a lot of people get get, get like that.
You know, when you move really fast, you have to take be
careful. Scams are good right now.
You know, I guess one we didn't talk about this thing, one
positive headline on the scamming front, those that group
that stole like 240 million from the whale and I think across
several exploits they got caught.
Yeah, must of 12 of them. So where they are going to be
locked up for a long time, they they use the funds on supercars,
private jets, clubs, designer bags, $240 million.
Oh my God. So I think good timing on this.
They're coming on the back of the Coinbase X data leak to know
that at least some of these people are being put to justice.
So shout out to Zach, XPT, and everyone else.
That's crazy. Who played a part in that?
Because they're all between 18 and 21.
Fuck Young. Guys, young guys, are the ones
doing this. There were 12.
Operating between October 23 through March 25, they they
impersonated support agents to trick victims.
So they're all basically running, fishing.
Also physical break insurance bought at least 28 exotic cars.
Half $1,000,000 Nightclub tab. No one's wondering where these
kids got $3.8 million for luxury cars.
How much? Some of the cars are up to 3.8
million each. Like this 20 year old kid walks
in to buy your $4 million supercar.
You don't ask any questions where you got the money.
That's interesting. But how did they cash out?
Members of the group rented luxury homes in the Hamptons.
Look, Mendo, they're not from Dubai, bro.
This looks like it was all in the US, yeah.
Or maybe not all, but at least a good chunk of this is in the US.
Damn. So we'll see what additional
details come out.