Yo, what up, what up? Good morning, good morning, GMG
Monday. Oh baby, what am I calling this
month? Definitely knocked down Samber,
right? Right.
Sure as hell that's how it started. 2nd December 2nd 2024
444 look at that another beautiful day to have a
beautiful day. I got my coast and I was Tyler
Tyler Tyler good morning. What are we calling this month?
You. Got to figure this out up.
Symbol. Of course, that's the right.
Ringtoner October, Moon, November and surely November
ended up, you know, the name was right.
Like we literally almost kissed 100K on Bitcoin so that was
good. What do we call it?
Even Ethereum pumped in November, so that was definitely
Moon November. Descender.
Dude, descend. Descend like sending OH.
It sounds too much like descending like you know what I
mean by that? Give us some help chat.
Give us what? Also something a weird question
for red guys RWD. Do you guys just really all
drive like rear wheel drive cars?
Is that what they like like real wheel drive because they always
tweet like real wheel drive, real wheel drive and I'm here
like what, what what I mean, we need real wheel drives here in
Canada. I'm telling you that in the
snow. And it's just a quick question
because it says comment chat. We need help in YouTube on X
comment your favorite names. Best ember.
Come on, best name today. Best name said the best name
today. We'll we'll, we'll, we'll, we'll
figure it out. We'll send you some money.
We'll pick a you know what, you retweet the spaces and you pick
a good name for the month of December and we'll send you 100
bucks because we don't have shows Tuesday, Wednesday,
Thursday, Friday this week. So we're not doing robot spins.
So let's give someone 100 bucks. You pick a good name for for
December and and we'll, we'll, we'll degen Sember.
That's not bad. We're getting there.
You know, we have someone, I think Raheem also proposed
something like kind of like bull Sember.
That's not bad. That's not you know, it is.
Oh, I got to bring my inflatable.
Oh shit, I got Oh, you weren't there for that Tyler last year,
were you? No.
Oh, you haven't met the inflatable, have you?
Oh boy. Oh boy, I'll take them out.
Not today, though. We could have used them.
So I have an inflatable bowl, Tyler, that I bought last year
at Walmart for Christmas. So it's one of those things
where you plug in a wall and just inflates.
It's like a little bowl. And in the in December, I have
that little stool next to me. Can't see it.
I put it next to me right here and he hosts with me.
It's an inflatable Christmas bowl and last year he brought us
great luck in December. We made a lot of money in
December last year and it was because of inflatable.
So you may see some people referred inflatable in December.
So anyways, we'll figure it out. We'll figure it out How you how
was your weekend? Tyler it.
Was good, a lot of family time. Stayed somewhat plugged in on
the markets. I made a handful of trades.
Woke up this morning. Lot of blood on the board, but
nice proper, a proper rebound already.
So we're we're, we're moving the right way into the week here.
Yeah, we're moving the right way.
I'm not going to lie. I, I want to sleep thinking I
wake up. My back's even lower this
morning. And I was, I was, I was, it was
OK. You know what I mean?
Like when I went to bed last night when I was, shit was like
really starting to dip bad. And I was like, fuck, I'm
fucked. And then and then things, you
know, this morning I was like, OK, well, it's actually kind of
a little higher than last night. So, you know, we'll live though
it is all dipping again this morning and we'll get into that.
So anyways, the show market report, Mendel's on the way.
He's probably, you know, training XRP right now with some
shit. So daily market report, I think
we're going to talk heavily about that.
Actually, retail is in control, right?
XRPH bar LTC Algorand ADA, My normie friends are rich.
Fuck. Let me tell you that they I have
a friend that texts me. He's like I can't buy ADAI don't
know why he's like, why is it up so much?
I'm like, I don't know brother, you tell me you're the quant
now, so we'll talk about that Tyler's top 1000.
I mean, you, you missed Thursday, Friday, so I'm sure
you got a lot to talk about this morning.
And then no robot spins today, but we'll, we'll pick a winner.
Whoever comes up with the best December word.
And even if someone doesn't come up with the best December term,
we'll, we'll, we'll pick a winner.
We'll name you. So just the terms for for
entering the the giveaway today is give us a good nickname for
December and then and then and then retweet the show.
Just retweet toward the space is bottom right.
Simple, easy as is. I'll, I'll, I'll pick a winner
there And then. Last but not least, last but not
least, last but not least, this show is powered by who powers
this show, Tyler. Galaxus.
Oh hell yeah. With seamless built in
monetization tools, Galaxies enables development of
sustainable long term communities, fulfilling
Bitcoin's vision of the centralized freedom and
independence from centralized control.
Come check him out in Miami at the art house Art Basel, which
by the way, we'll talk about it towards the end of the show.
But we got a banger week coming in.
And if you want to see Tyler Wright, his minutes in real
time, come meet him because he his ass.
He's asked. Coming, right.
You're you coming What? Friday come.
There Friday, yeah. Let's go.
We should have a session where it's like you just writing your
minutes next to Mendo and everybody just looks at you guys
write your minutes. Even an artist paints and just
watching him paint. We've done these things like
people watch us. Yeah, maybe we do a little
video. Like you mean we should film
something for fun if Mando's coming, actually, because I'm
not sure. But anyways, without further
ado, tell her I'm gonna start with you because.
Because Mando's little behind. So what?
We'll start with you here with your topics and then we'll chat
some stuff with Mando. Tyler D on FOMO our cause the
kid. Can't our top headline crypto's
overall market cap now up over $1 trillion since Trump was
elected. The Trump trillions are here.
Crypto at 3.45 trillion here this morning.
Second headline man Ripple, XRP flipped Solana and flipped
Tether in just a massive weekend run and it looks like it's still
going. It's up 100% on the week.
It's up 42% on the day, now at $2.70.
Other crypto majors are slightly red.
Solana down 5%, Bitcoin just down 1% Here several alts saw
double digit gains. Kaya H bar, Litecoin, IOTA as
well. Part of the reason XRP may be
moving. Wisdom Tree officially filed
with the SEC for an XRPE ETF, so the ETFs are coming.
In Bitcoin news, Michael Saylor delivered his Bitcoin
presentation to the Microsoft board at their recent December
2024 shareholders, meaning outlining how they could buy
Bitcoin, what it would do for their their share price, and
more. Meanwhile, Bitcoin balances on
exchanges have reached historic lows point to increasing
pressure by pressure and lack of sellers.
In token AirDrop and protocol news, Hyper Liquid complete its
Hyper AirDrop I think Friday giving out over $1.6 billion to
use was one of the biggest airdrops of all time.
The Hyper token ran close to 10 billion yesterday and since
dipped a bit closer to 8. Virtuals announced the
partnership with Pond to combine tokenization with decentralized
AI model creation on base that Pond comes with APH token that's
going to be AirDrop to Virtual's users.
We saw that pH token already run to $20 million here this
morning. Tensor.
The Tensor team launched Vector in beta over the week in a new
mobile meme coin trading platform.
Jupiter will have to adjust it's AirDrop plans after failing to
reach 70% consensus on its initial plans for Jupiter Wary
and then Ape Chain. Shout out to Ape Chain reached
$100 million in TBL for the first time.
So big weekend for Ape Chain in memes and NFTS Meme coin majors
are red here This morning we got some breaking news.
Mudang is on the Coinbase Road map.
It is absolutely going nuts. Hit 500 million perhaps.
Actually it might have went over 600 million briefly.
Meanwhile, the broader sectors in red AI sector took a hit
market cap down over a billion from its local peak.
GOAT and Fart coin both way down.
Most of the leaders are red. Alchemy is a top out performer.
We also saw a huge rebound in AI16Z, the virtuals token.
I mentioned one of the pieces of news, but the virtuals token was
a huge winner of the week and hitting 1.7 billion, still
hanging out around 1.4. And then more breaking news this
morning. It looks like Enron, the Enron
Twitter account seems to be have have been bought out or
something. They're launching a token along
with that, so we, we might have to look at that.
NFTS, folks, NFTS are back $50 million, turning volume on
Ethereum. Yesterday, folks, last week by
last minutes, it was 6,000,000. We didn't.
Volume soared by 8X the massive swing.
Of course, the NFTS are all washed and green.
Punks are 44, Apes are 23, Pudgies are 15.
What a weekend. Even Fidenza's are catching some
beds. That floor's up 40% to 40.
ETH Bitcoin NFT leaders are also green puppets up at .16 node
monkey's back at .14. Quantum cats leading at .2.
Runes didn't really catch as much love.
The runes leaders were mixed. And then we saw pudgies teasing
the prophecy. And they've also got a big party
coming up at Art Basel here this week.
So that's a rundown actually kind of a decent amount there.
Yeah, it's that is definitely a lot.
Let's start with the NFTS, dude. Like I feel like, I feel like, I
feel like we got to go there. Like this is like, you know, we,
we come out of the we're all class of 2021, you know what I
mean? Like we came out, we came out to
these trenches through NFTS. I feel like, I feel like we got
to start there. I mean, I, you know, NFTS are so
back. I don't know if you saw my
tweet, Tyler, I made CTO with cool cats and obviously I was
playing when I said that, but like I, I got a little worried
because like things, things sorted a little bit and I was
like, no, just just FYI, we're a little we're a little busy over
here on our side of the on the other side of the biz.
But you just shared something, so I'm going to share here.
I mean, this weekend pongs were 150, pudgies were 50 and and and
apes were 70. Ki mean having the three like
top three index got you over like nearly $250,000.
Dude, Wow, look at these volumes that that is insane.
This is crazy. That just gives you perspective
of how big of a jump in action this is.
And so a, like a couple takeaways from this from these
top 2 charts. One massive increase from where
we were a couple months ago, but B, we're still down.
I think we kind of forgot what volumes were like in Q1.
Again, this was mostly still blur farming happening because
that was before the the last blur AirDrop and now I think the
I think there you can probably question if the volume now is
actually like magic eating farming or or not.
Now you can, yeah, now we can start thinking about that,
right. But I don't think this was
farming this weekend. I I Jenny, don't believe this
weekend was a farming weekend because like you said like
volume on Friday was like 8 mil so that's like 0.
I think it's both, yeah, I think, I think punks are
catching real bids and I think some FOMO is is kicking in.
We've seen how fast they they repriced.
I think the the biggest move that obviously surprised me was
the Borne 8 move. Dude Darmsti.
'S the K Prize? Wow.
Yeah, let's go there, apes. Are 160K yeah geez, like they're
they're going to be the casual buys are 200 and 250K for 40
right now like that that's a lot.
Well. Apes are 22 ETH floor.
They hit like 25 yesterday. So the the apes have soared.
I guess it's tied to the apes. You heard that, Mango?
Good morning. You heard that Dang, shut up,
man, though. I knew you were going to come in
and say that. Let's get into that.
We actually just talked about two seconds like in his he just
well, let's get to Moodang in a second.
We got to talk about because this is like the breaking news
this morning. But that is and by the way, that
is not a floor ape like 3D glasses that are like 20 like
this is like this actually pretty wild.
They're pricing across the board on NFTS, right?
Yeah apes are 80,000 I think you tweeted out right?
So punks are 150 K, apes are like 80 or 90K, Hudges are 50K
now. Yeah.
It really happened quick. Look at the 30 days on these.
Damn. Whoa, apes are not wow.
It's not even a 2 to one ratio. Now punks and apes, that's wow.
Apes are really catching a bit here.
Whoa, yeah. And no shave.
I am surprised at how much they've outpaced pudgies.
And of course, I'm a pudgy holder and I don't own any apes,
but that's a pretty, that's a pretty big margin.
It's big, yeah. It's a big margin, right?
They were wanted to eat the part the entire bear bear cycle,
right? It was always like 1210.
Then there was a flip for a second.
Remember that across the board. Obviously, I'm a holder of both.
I'm a fan of both, friend of both, so can speak from that.
More of a middle ground here, but that is a serious bit.
The punks, man. Punks are $160,000 guys.
It's not only that, it's like the even the floor is just so
thin. It's like if you want to get
like a good punk now, you're probably going up to 55.
Actually, yeah, let's this albino punk say 170 at least
Frown Wild Hare 175 pigtails here 175.
So yeah, you got to dish out. But even, I mean, even this is a
kind of a nice punk for a floor, right?
So. I'm surprised I actually had
this. We might talk about this on
Underexposed, but I was chatting with Deez.
Do you want to throw 200,000 into a punk right now or would
you rather like throw it into like the hype token?
Now, now I'd say token, but goddamn, like we asked that same
question to people a few weeks ago, guys, us 3 on the show, we
said would you rather have one Bitcoin or one punk?
And everybody said Bitcoin and what did we say?
We said it's probably going to end up being the punk that's
going to outperform and the punk is now 2 bitcoins.
Well, nearly so 1 1/2 one and a half, 1 1/2.
So it's it's it's definitely outperforming on that front.
And then on the NFT front, I mean, look, ordinals caught a
bit yesterday finally, Tyler, because they were they were
trailing behind puppets went up to what point 16.17 with Bitcoin
97 K. So we're still looking good on
that front, it seems. Like what's nice about the
ordinals is like they were, they were lagging and I think people
saw that they were lagging. And then there's there's only
like 4 sets to buy. So it's the big floor.
So everyone just looks at the leaderboard and they either buy
a a puppet, a node, a quantum cat, or OMB.
Yeah, well, it seems like it's puppets for sure.
OMB had a big pump, but puppets seem to like it's I mean, as a
holder, it feels good. When I look at this, I'm like,
well, the board is always greener for for puppets than the
others doing these pumps. It seems so.
And the rune side, we had some fat dips, huh?
Oh yeah, I had like 50% dip on pups in size.
Dog a little lower. Is that the first time you saw
the chart? I haven't looked at pups in over
a week. Don't give me that shit.
Don't lie to me. I haven't looked at pups in a
week. I haven't looked at pups in over
a week. I, I, I don't.
I haven't looked at ordinals and ruins in 10 days.
We haven't even talked about on the show.
Every single chart up. Not, not Bitcoin.
I I don't look at my Bitcoin buys.
I I don't get my Bitcoin in Ethereum bags literally because
Solana, you got a monitor day-to-day, you can get rubbed
overnight. I don't look at like Pepe Mog
doge, Bitcoin puppets pops like this is like, I don't know about
you guys, but I think Solana's always the most uncertain bag of
mine because at any time it can just dip 75%.
I mean, Chuga has been having them crazy swings.
Every A lot of swings. You want to talk swings?
I mean shit, you know I mean like this.
The swings on on the on the sole meme coins are too intense, and
so that's where my attention has been all week long.
It's been a lot. Anyways, let's talk about the
market a little bit. We got mendo here, Mendo and
then we'll go back to the to the top news.
Mendo. What are we calling this month
dude? October move Ember.
What are we calling December? I don't know.
Hold on to your, hold on to your profits.
I think December, let's put it that way.
December, basically. I'm fucking upset they.
Get absolutely destroyed until Coinbase decided they just
brought to list Mudang. Then suddenly everyone's like oh
Coinbase is going to start listing soul meme coins.
It's not completely over yet. That's oh, let's see what I
think just happened, right? Everyone was like, Oh my God,
they're just going to come in and buy XRP and then now it's
like, oh, hold on now they're going to buy Mudeng.
Everyone's right right now. There's no doubt in my mind that
Binance will list this thing now that, well, they have your
choice. They all list this thing and
this thing was doing crazy, but we've already spoken about on
this show always done crazy volumes.
It was just getting destroyed. I think this one could keep
going and that could be that'll probably save us for the week
for Solana Mean coins. Then we need next week Coinbase
to list another one. Yeah, obviously this is like our
salvation. It's like what?
Obvious one right now. Let's look into the others ones
like what to you is the obvious. To me I would say goat and
peanut first come to mind. Top of mind.
Solana mean coins with heavy perp volume.
Yes, but I think Binance is like dominates peanut.
Peanut feels like a Binance trade, right?
Whereas to add, I think we already spoke about this last
week. The obvious one to me, and it's
not just because I have a bag is go because of the whole base.
They want to push into this anyway for AI is one of the
biggest one is for base. I think they'll list both
virtuals and go. That's just my, that's just my
gut because I think that they would be mad not to.
They would be honestly mad. Well, do just punting.
The other one is, is is chill guy, if I'm honest, like I would
say probably even the second most obvious, but it's not big
for perps and obviously it's got a bit of a PvP with Moodang.
So yeah, I I would guess, I would guess those two next.
Those are the obvious ones. Yeah, definitely.
I I love it when I'm in the bull post like this is some insane
statements for my bags, bro. I love it.
I love it, bro. This guy's coming on off his
rockers. Like on the mood.
I can list things like yeah, we're going to chill, fucking
get chill guy and goat on by Coinbase next.
I'm like fuck yeah, dude. This is big like so Pepe and
with when they got listed that was like they had been around
for a year. Yeah.
So I think there were still some questions on like what would
Coinbase move on any of these that that that were newer coins?
Man, Mudeng is like, where's Mudeng going?
It really is a big deal. It is right because Mudeng coin
was what, September 2024? Yeah, it's recent.
So it's it's this quarter, bro, it's a 2 month old token.
So clearly this whole like Coinbase takes a year, six
months plus. Nah, Nah, Nah, Nah, Nah, Nah Nah
Nah. Like I think, I think that's I
think that's out of the table now, right?
That's just you can't even like that's not even the I mean this
is actually huge. The Coinbase thing.
Holy fuck. I just like it hit the I think.
If Coinbase starts listing right that we've had is a bit of a
monopoly on who is going to list, it's been Binance or buy
bit. And that's been the case for a
long time for these memes. Coinbase year Coinbase is
listing a three month old meme of which buy bit and Binance
also didn't list. So suddenly now comes the FOMO,
right, Coinbase becomes the FOMO trade, right, like they can go
in and be like, hey, you're not listening on either of those.
You still what shoot like I think till guy will be is an
obvious one for this right now, but obviously they are a bit
more legally disciplined. I would say Coinbase and maybe
maybe the thing with the arses needs to be resolved.
But goat, goat, goat's got by bit spot, but it doesn't have OK
X or or finance, I think Yeah. About.
That's huge. Hudeg could go above a billion
here. I'm not.
And that's I. I don't even have that big a bag
like it. I think it could because because
everyone is this thing. If you've been paying attention
to Mudeg, the volumes are just insane.
I have, yeah. No, I look at the volumes
everyday. It's insane.
Fuck fuck, this is going holy shit.
I think the wild card is. So I think they'll they'll list
virtuals. I think the wild card is would
they list one of the top virtuals tokens?
I don't know if it's messy because of like the whole AI
agent thing and who, who owns it.
Maybe that is too murky right now.
I think that's where things are getting nuts.
If they're smart, they'll list it.
They'll list AIAIXPT. But I think the only issue about
AIXPT is, and I like that, but is that if you go, if you play
that out to a venture, it's eventuality the most valuable
bot will be one that's like on a private server that only you can
see and is giving you alpha. And I kind of already started to
see that over the weekend as what you showed me, like the
alpha, the caller bot, right. But that's more like a market
commentator, but rather than a yeah, I just feel like bots
which make you money, there's going to be so many of them,
like just unbelievable amounts of them.
And they'll be like, hey, we'll do algo trading for you.
We'll we'll pick the mean coins that come like yeah, I think I
think those. But so I think a XPT is like a
little bit. They may do Luna though, because
Luna's the first one, right? So like maybe like an easier,
like it's always going to be a, it's always going to have have a
have a shot. I could say that.
Yeah, that's that's absolutely insane.
I mean, wow, holy shit, it happened like soon as we started
the show. So I didn't really get to like
sit on this, but like this smoothing shit is fucking
bullish as fuck for Solana bags. I hope so that we we get to live
another week. Goat's up 100 million.
This is huge. This is huge.
Well, thank God I didn't dump my book goat bags.
Jesus Christ. Oh my God, you.
Know you wanted to. I hate that coin at this stage,
but it's OK. I I'm holding it strong.
I I'm I'm holding it strong. It's not that.
It's just like the whole AI narrative just got over me at
this day. I'm just like I'm I'm like the I
sent Mando tweet the other night.
That's so a big influence or whatever post and I was like, it
makes no sense. It makes no sense.
The narratives were pushing on in the AI side, but it's OK.
It's like, do you think normies are not going to buy like
software companies? No, motherfucker, normies want
to buy XRP and ADA bro, like, you know what I mean?
Like, yeah, I mean, like we don't hear about like the
narrative that like this thing is powered by a bunch of agents
based out of Manila, you know what I mean?
Like, they actually don't care about this anyways, do they,
Tyler? Do they just by?
Just by Goat. Goat's the meme.
Goats. Yeah, I guess it's a meme.
Dirty one to say the least, that they're going to love that one.
Definitely Google Goats's maximus if you're if you're
above 18, not if you're under 18 please.
Go is actually like a religion. That's what they originally said
it was. It's it's the GOAT.
Sea is a religion for AI based around this, this original meme.
So you could, you could say, you could say it's religious, you
know? Yeah, it is religious.
Go is a religion and therefore you should all buy it for that
reason. NFADYOR, this is absolutely
insane. This, this mood and candle is
absolutely freaking nuts. It's insane.
It's taken away from every single meme at the moment.
So I guess happy for you meme or whatever you're like, like, can
we talk about like the biggest news of the weekend, though, XRP
Like it's like we we can't, we can't hover over this like the
so the top gainers over the last 30 days.
Let's pull up this chart. And Saka put it pretty well.
So I may as well just go on his page.
Looks retail one guys looks like retail one CT was wrong once
again, you know go figure, but it looks at the top performers.
Top 160 elections were stellar XLM Algorand H bar XRPADA.
What do you guys make of this? Crazy like I, I did not see this
coming at all and I don't think anyone really did apart from
maybe Youtubers like none of these chains have are seeing
like the numbers in terms of users to to justify.
I think these sort of evaluations.
What I do think is though, and I was even thinking about looking
at it's not like they were also trading that low like XRP is now
nearly at the market cap of ethereum.
It's not like we're sitting here being like I was a low base and
they got bought off them. I I honestly don't know what to
make of them other than I would never catch that and I don't
think I'll ever catch a move like that again in the future.
So but what is coming a little bit scary is like these L ones,
L ones, I think are, are better than other alts, right?
Like do you think L ones are an OK trade versus like other
utility alts? Because L ones always, you know,
there's always a shot, but but they but now it's like L ones
versus memes. And that's that's kind of
dangerous because I think retail can buy these very easily.
They're listed on every single major exchange.
You don't need to download anything new.
Like you just download Coinbase or download Binance.
You can trade these. And let's be honest, 99% of new
people coming in here are just trying to make money and they're
just like, well, I can make money this the quickest.
They don't care about your memes.
They're just here to make money and they face the XRP price
target 10. They're they're like, why not?
Let's go for it. I mean XRP like could literally
flip a theorem, a decision. I'm not even trying to mean it.
Look. What do you make of this Tyler?
This is absolutely wild. Yeah, it's unexpensed.
I think in hindsight, the part of the narrative is what Trump
perhaps alleviating crypto taxes on American companies, which
gave Ripple a a, a leg up. But I think that there's more to
it than just that. I mean, it certainly caught me
off guard as well. I think part of the the sell off
that we saw in memes over the weekend was the exact same
question that Mando just raised. Hoping it's both for our bags.
That's not just L ones versus memes.
But I actually hit me harder with like the hyper liquid open
and hyper liquid just marching up for 2 1/2 days straight.
Like do you really want to buy a meme and a billion dollar market
cap or do you want to buy like a rising L1 that has a little bit
more fundamentals to it? I think it does the trade off.
It's a it's a harder question. And in a lot of ways the L1
looks a little better. This is so wild.
Guys like XRP, Flip, Tether and Solana this weekend.
It's a meme coin like this is where you have to be sent.
XR is a meme. I love it.
Using it like everyone even has a wallet.
Like everyone's like, Oh yeah. Like download this.
Thing and. They fired up.
They fired up the meme trainer. Cardano flipping everything too.
Dude this is so wild. Looks like there's about a dozen
memes that saw more than $1,000,000 in volume on Look at.
The top 21 look at the top 20 now guys it's there's litecoins
back Bitcoin cash in there, Hadera polka dot stellar and
then you have all these XRPADA the top 10 actually crazy what a
timeline we live in. But hey, I think I like this
tweet from Sakado, honestly, he says any kind of influence in
the market, no matter the source is always appreciated.
The money is there. Now you just need to be good
storytellers so that that some of this is redirected to your
bags. And I kind of want to talk to
you guys about this organize. What do we think that money
flows into, right? Does this money flow into XRP
and stays there? Or this money flow into these
like coins that we just listed that are on this list, XRPH,
bar, XLM, all these normie L1 names, let's say into the Solana
Eco or the theorem ecosystem. Like what do we, what do we
think here? I think it's very dangerous
actually. Like I, I think this is this
rally in those coins is I don't think they're going to swap.
And I actually think that often when those sort of coins rise,
it's like it can be a bit of a short term top.
So I was very wary when this started happening over the
weekend. I was like, oh gosh, this could
be Bitcoin down to like 90K minus something like that 8590K.
But then Coinbase just saved the market.
So who knows. Like retail bags which are
which. I don't think that has like a
hold of like a hold consistent holder base.
I know, I know, like the alternative is meme coins, but
like meme coins have like had an established run this cycle.
Like now, if you're like running into coins, which no one, no one
in CT is going to buy those coins from retail.
I I don't think parts maybe XRP right?
Maybe. Right now it's long XRP and the
chance that it can flip keyboard, right?
That's what they're doing. But that's that's a dangerous
trade, of course. Like I think when people buy
meme coins, even in this market, they're like, it will go to a
billion in a few months. They're not like buy it.
So tomorrow it will go do a 2X. That to me is like points to
extreme risk taking happening in the in the market much quicker
than I thought. It was like I felt as though we
were at stage where, yeah, we were starting to see, you know,
zoomers come on and do crazy stuff on pump fun.
But I still didn't think we were getting to like insane levels.
This when XRP literally flips the whole of the mean coin
market cap in a day, that's that's a worry.
And I know that sounds ridiculous, but it's, it's
honestly just because I think people are here then for very,
very short term wins, they're like they're, they're looking
for a win over the next 24 hours.
Yeah. What do we think?
The money's flowing to Tyler here.
I'm sure you're going to be following the stats here to see
what's happening, but what What are are they flowing back to our
bags? Well, I mean, I think for
starters, just a level set. If people didn't realize this,
the crypto market cap as I mentioned is up a trillion in
the last month. The data shows base has been
getting significant in flows in the past week.
I think that points to virtuals and the AI sector catching some
love. I'm not saying that retail money
or Ripple money is going to flow there, but I think money
continues to flow there. I think the overall AI market
cap is 5 1/2 billion. I think that's still three to
five XS could could 10X or more from from here.
So I think that's going to get some flows and I mean memes as
well. Coinbase saved it, saved it at
this point, like they, they literally reversed the tide.
So I think they're, they're going to get some love and alts
are going to continue to get love as well.
People are going to see what happened to XRP and they're
going to go back to some of those.
So I, I think it's, it's rising tides.
That's all the boats still. But a lot depends on what
happens with Bitcoin. And I think there's a good
chance it's going to be hard for like bitcoins are going to keep
ramming up against 100K and it's going to be tough to break it.
Like say they bought another 14,000 Bitcoin AT95K average 96
K average price and still just kind of chopping in this range.
So it's kind of raising the question of what is it going to
take. The order books are getting
thick thicker at 100K right now on the sell side.
So it we might be in somewhat of a chop range on at least on the
meme side until we get through there.
How's BTCD doing this morning? Actually, let's check it out.
Let's check out 57. Oh wow, that is quite the dip on
BTC dominance. I got to run boys, but I think I
think the bags are all run today.
I think chill guy could actually have a a monster candle right
now and then I reckon. I would guess GOAT is so badly
beaten up, but but it could also be many of the base things that
you said there, Tyler. All right.
Thank you, Mando. See.
Are you coming to Miami? No, no, Miami for me, God.
Damn it, Mando, all right, you hold down the Fort then see ya.
What a tip on. Don't you love it, Tyler, when
Mando just drops out by like pumping your bags like just
like, isn't that like is amazing?
I love it. To show up for the show every
day is to is for the the times where he does that.
I love this. I I love this like the guy just
comes in, drops this and just gets the fuck out.
I do tend to agree. Like Mendo and I had a like hour
long argument this weekend in the chat about goat.
Not gonna lie. I took the other side.
He took one side. I I kept my my whole bag.
Of course, some of it I felt a little bit to, to, to buy some
more Mundi, which in retrospect is a little lower.
So I'm going to have to double down on that there.
But, but, but you know, I, I think he does have a point.
I just thought the, the trade was getting a little tired,
given that every new AI agent keeps taking away from all the
other AI stuff. You know what I mean, Ty?
Like you're deep in that thing, right?
You're following all the trends, you're trading it in and out,
you're playing the rotations like it's a little tired.
No. Don't you find like what happens
then? So I, I tracked the mindshare
and all that. And I think part of the reason
that GOAT has sold off is because of the, the mindshare
dipping on true terminal. But I don't know that matters
for that particular token. I think it matters for all of
the other agents. And I do think you have to kind
of swing trade mindshare on those unless you've got real
deep conviction in the team building it and or the quality
of the product. I think Mando's got the tweet
that it was zero bro, and then it was bully and then it was
AI16Z. And then this week is going to
be, you know, maybe it's alchemy alchemist, who knows?
Like that is kind of a dangerous merry go round.
But that makes it does make goat seem like a safer play and
especially if it gets the listing.
So I'm actually have all the coins to to sweat.
Like I'd be more concerned over your moon day bag than I would
over goat like that. That's a fact.
Yeah, yeah, yeah. I, I think there's a huge
narrative to be, to be told here about, about, about normie
coins, right? Like there's this basket of like
normie coins here that are about to probably take over for this
week given Coinbase listing. So that's, that's really big
like that. That's why I, I directly thought
I don't even have any peanut at this point.
But I was like my first thought was peanut Tyler because I was
like, well, it's been on perps. It's been doing like for me,
it's like this new like it's not a new narrative, right?
Like normies buy what they like. I think it goes back to what
Kobe was talking about this weekend.
Did you? I don't know if you caught up
with that, but Kobe was talking about how like, well, he was
kind of like taking a dig at with, but it was saying like
doge was a meme in 2013. It was an actual real meme that
then turned into a coin, right? And I don't know if you saw
that, but he he, he was kind of going off on that and how
normies don't care about really about like the memes that we
think they may care about, you know?
Yeah, I, I, I saw, but that I think Petoshi said something
somewhere. His point was that that normies
aren't going to buy memes at all, that they're going to buy
Ripple or or alts. I think they're kind of extreme
statements. I think they all can win.
I don't. I don't.
Know meme coins for sure Tyler. I disagree with whoever says
they're not like this is very wrong.
I mean, we saw doge pump, right? So here it is.
He was saying Kobe said It seems to me the highest valuation meme
coins are actually recognizable memes.
Doge Pepe bank. And then there's a category of
simply this is a cute animal or this the famous person's pet
Shib folky with. And then there's a post meme
coin era where it's obvious they're pandering to shit
corners, either directly punky frog, SPX, MOG or high tension
moments, peanut mood and chill guy.
So he even like I kind of, what are you saying?
I kind of like how he's like segmenting them, I mean.
Those tiers feel kind of right. I mean those Pepe bonds, you
feel like the strongest. I do think Bock looks stronger
than with here and now. We just got different categories
and that's just a question of how high can things run in these
various categories. I do like, I've been starting to
think I'm less confident in a meme coin super cycle that we're
going to see all these new tokens run to like multiple
billions. It it we might be facing more of
a reality where it's you're going to have a whole lot more
run to like 305 hundred. And that's like the top of the
range for a lot of these. And the, the folks who become
the community members and try to to trade it from 500 to three
could be the ones who get hurt the most in some of this.
I don't know, like this is all evolving so rapidly.
That's kind of been going to my head and kind of points to this
because they're they're fitting into one of these categories,
but they're not like a true recognizable meme like some of
these other ones. Yeah.
I mean like what? What is the meme?
I guess I mean chill guy is a meme.
Yeah, I mean beasts called it called it the what is it the
biggest meme for generation. Yeah, I mean, you think it's
like a high tension moment. I agree.
Like it's a cute animal slash viral meme viral moment, but
it's not really as much of A meme.
But yeah, it's it's not mattering today.
Yeah, it's. Definitely not mattering today.
So that was it. You had a few other very
interesting news that you covered earlier.
What what are some of the of the top top lines here?
I'm hyper for sure, and this happened when I was kind of
spending time with the family. I didn't farm hyper liquid at
all. I'm not really a perpetrator, so
I didn't really have a whole lot of FOMO having missed this one.
But, and this will go down as one of the biggest airdrops
we've ever seen. I think it was at 1.6 billion
when the hype token was at $5.40 and it almost doubled since
then. So this was over a $2 billion
AirDrop to users. The token, I mean, the play, you
know, usually people are just kind of trying to figure out
when to sell their AirDrop, right?
And this one was the opposite. It's sellers were all brutally
punished and the ploy was to buy this and to keep buying it.
Try to pull up the chart if you can.
I mean, it just it marched of hype.
Yeah, hype. It just marched from from open.
It's hype liquid. Yeah, I mean, I'll link it to
you. There it is, Hyper liquid
tether. Yes.
Yeah, fuck it. That's just just.
Yeah, I guess. Is that it?
Yeah, it should be. That looks like, right?
I don't know if that's it. No, no, no.
It's all right. So it it it air dropped, it came
out like $3.30 that was on. Yeah, yeah.
Friday morning, then by Saturday it was already seven, hit 880,
dipped a little bit and then hit 975 yesterday.
So, so it with like in in an environment where you think you
would see a lot of AirDrop, post AirDrop cell pressure.
But a lot of people are pointing to it seems like they didn't let
a lot of like VCs and whatnot buy into the pre sale.
So if they wanted to buy it, they had to buy it on the
market. And it was the true users who
got rewarded. I think there was a little bit
of, I mean, flood is not the right word, but this was heavily
like VPN constrained. So it wasn't to American users.
And you also had to sign an agreement.
If you didn't sign the agreement, you didn't get your
tokens, which I think burned some folks.
Yeah, I have a lot of friends I missed out on that, that's for
sure. Definitely.
It sucks, but kind of that's the I mean, you were you were
talking with me and Peter and the boys and I have a few other
friends I missed. I think kind of sucks, but it's
it's kind of the cost of trying to run a token business in the
States and stuff. You sad leaders, you know,
Americans are treated like like criminals, you know, for using
VPN and stuff like that. So it's, you know, let's be
honest, that's just the name of the game.
So hopefully that's changing as well.
So with the new administration. But this is also part of why the
new administration is good for crypto in general.
But this is an interesting one, right?
So if we're thinking about like what's retail going to buy and
if we think they're going to buy all Tenelle ones with more
fundamentals and now we have a shiny new L1 that's doing tons
of volume and the numbers going up pretty rapidly.
This could be like I'm starting to drink the the hype Kool-aid a
bit. I I agree, I mean, hyper liquid
is I, I didn't partake, I didn't farm, I didn't trade on it, but
I know a lot of friends who did and and the the smart traders
and smart money that I know that use it are it's like a lot of
smart like they like the product.
Like up it was like, oh, who uses hyper?
Like, yeah, maybe not the average listener of our show
doesn't really trade much and that does smaller trades and
stuff. But like a lot of the big
traders were using hype and and and they really like the
product. Like it's a very, very good
product for for perp traders, right?
And it's normal, like some people are saying, oh, who in my
comments? Like who else got this?
But the big influencers know it. Yeah, sure, a lot of big
influencers are traders right, right.
That's why they have a lot of followers on CT because they
started off as traders, right, the cool blood shillers of this
world, the trader Mane's Wizard of Soho, like I know Wizards
fucking pushing volume every single day on hyper liquid since
like on his broadcast, it was always sharing hyper liquid
trades, right, So it's these people actually use the product
a lot that got rewarded and I I think that I mean I got pinged
like a million times or the entire like, oh, you guys should
take notes of hyper liquid this and that Look at how it that
went up. I get it.
I know like it's literally like it's being it's actually very
good for us, not just my business, but everybody else.
Tyler, because we needed a good farming that first of all, a lot
of people missed. So it makes you want to farm
other stuff, kind of bring it back.
We needed a good AirDrop for the future airdrops coming.
We have open sea. We have anime coin.
We have there's a lot of stuff that people don't realize like
anime. What is it?
Magic Eden? I'm sorry that like there's a
lot coming like we just had wrecked.
Wrecked is performing extremely well.
Wrecked went to 60 million plus before this dip.
It was 30. It went up 100% this weekend,
like Thanksgiving weekend. So I guess people are telling
their families to get wrecked. Clearly the wrecked crew, the
the rear wheel drive team is is is is is all engines.
But you know, it's this is very good for the industry.
Tyler. I'm very happy.
Tyler hyper liquid of success. I don't care if I didn't have
any like and that went viral. So I guess I got a Elon Musk
check. It's going to be nice for my
fake tweets. Nice.
I think, I mean, yeah, this this Kickstart AirDrop season and now
people are, I think that's part of the reason why we saw the
pump in NFTS is people are scrambling to farm Magic Eden
and think, Wow, Magic Eden could do well now in this environment.
And it's kind of like this, this feedback loop, like EFTS are
seeing more volume, NFTS are doing well.
And that actually makes Magic Eden more valuable on its own
because there will be more attention to more volume.
So I think that one certainly is going to be a big winner.
Then what if AIXPT is predicting that Open C is going to do an
AirDrop and based on historical activities.
So if it's right, maybe, maybe a little Christmas surprise,
imagine Open C does the, the Christmas Eve AirDrop and they
just come back and, and win everyone back right ahead of the
holidays. That's, that's my hope.
I am for for this morning. Yeah, definitely.
You want, you want you want me to tell you what else has been
come free during this entire dip?
I'll show you one bag of mine. It's sadly it's like one of my
smallest out of the top, like the 8 I have.
But this doge one, this department doge man, it went up
to 350 million last night during the dip.
Like everything was flash crashing and this thing was
grinding up. Yeah, it looks good.
Bonk Eye, thank you. Bonk Eye was right.
Is like Deez and I, you know, like we're we're in this one,
we're in this trade. We bought a 200 million, both of
us same same same entry, and then went down to 170 and then
he came out of nowhere like he rose out of the Agnes and wrote
like a fat fucking thread and bang, it's.
Like 100% off the bottom. I'm in this one with you.
I actually I bought it 100 million and then I bought more
of this let's. Go.
You were earlier than us in that one. 3:30 in the post election I
bought like if you look at the huge green candle right like at
the midway point, like that's where I bought an.
Addition. Oh, you were that candle.
So I was, I was right in there. And then this feels like a
longer term play, but it feels like one that's going to
continue to do well and one that you can sleep on and I have to
stress about. Yeah, I agree.
I I definitely, definitely agree with you.
It's a good one. Well, it's always going to tell
Doge itself. Where's the actual Doge at?
It's at 43 cents. Like this is good.
Like this is a good price, right, that that dip is being
bought out as well. So there's a lot of plays if you
want to just chill like there's a lot of like you don't have to
necessarily be in like even the chill guys of this world.
Like I know we talk about it, we talk about Muda and then we talk
about department Doge and then we talk about a lot of meme
coins like the AI plays. Like you could even, I feel like
the cycle, Tyler, you could also just buy like the top ten and
log off top 20 and log off for six months.
There's a lot of ways to play it, Yeah.
And like I like, I'm not stressed that I missed the
Ripple trade because there's been.
Me neither. We have.
Trades are up more, right so. You know what it is, Tyler is
all your like. Yeah, like now normies are
catching up to the trades that we cooked.
So like, we cooked mog, we cooked Pepe, we cooked.
You cooked the like, the people in the trenches, the people are
there in the bear market. They cooked a lot of different
trades and that was just normally is catching up to us.
We can't be making all the money within CT and not expect
normally to fucking hit a lick, right?
Like, yeah. We want everyone to win.
Like my friend texted me yesterday because I got him to
crypto, I made him his wallet, I gave him one ETH for his
wedding, like his first ETH, right or whatever it is.
And then what did he do? He went on to buy ADA, OK.
And then and he's a very successful commercial real
estate guy, like in the in Montreal and I didn't even know.
And I texted him yesterday, I think, oh, Sam, like how's your
crypto doing? And he's like, bro, I didn't
tell you. I kept buying AD every month.
I didn't tell him, you know, I mean, I don't say go buy ADA.
And guess what? Yeah, he may not have made
millions, but and he didn't show me how much he made.
I have a feeling he made mid 5 figures, something like that,
very successful. And now what is he going to do?
He's going to tell all his family.
He's going to tell all his friends, he's going to tell
everyone around him and he's yours and my age.
He's very successful, guys. He's on a crypto, so tell
everyone. Hey guys, I made 100 grand of
this ADA shit because Faroque told me to make a wallet, you
know what I mean? Yes, this is how it propagates.
So very happy about this Any any last stuff because this is our
only show of this week. For this one that you got,
you're going to still do underexposed.
I'll plug, I'll plug the AI board real quick.
We're talking about strength. A lot of red on the board this
morning. AIXPT basically holding up at
all time highs AT2O9 right now. It's seems like a strong signal.
I think this is a very strong token right now and it's a
longer discussion whether or not it's warranted or not.
But I think in this moment in December 2024, it's definitely a
leader. I think it's going to stay up
there. Yeah, it's it's definitely, it's
definitely. I mean, I agree with you.
How's what do I you have two indexes now that your indexes
are insane, you have the base one and the other one.
Oh my God, how are we looking here?
So some dips across the board. You know what?
I'm surprised how badly fart coins dip in.
Yeah, it got wrecked it. Was a special.
Test. So this is like this is a proper
like 70% pullback, 60% from from top.
So we'll we'll see how the the old fart community.
How? They how they hold up.
So now we're at the current price point, it's 55%.
OK, 55. This is not really the real top,
we'll call it here. Real top is 419.
So it's really at 55% and it dipped all the way to, let me
tell you, dipped all the way to 60.
So it's a proper 60% pullback. Good.
That's so good though. Like, I know it sounds ironic,
but you know we like those, right?
Yeah, it's it's a shake out, so we'll see the recovery.
I think the other one is AI16Z. So this one caught a ton of fun
bottoms in like 125. Yeah, it's it's already back up
nearly 3X off the bottom. Is this a copy copy?
I think people are just looking past like the the tech is really
good. The team's mostly strong.
Shaw has perhaps has his issues, but this feels like a strong,
very strong token as well. Yeah, how's that FOMO radio
show? It's, I mean, it's holding up
OK. It's.
Holding up OK dude. So my read on these new tokens
like FOMO radio is like that. They come out if the if they
catch the right attention, they can run to like 1020 million.
And then that's from a training perspective, I think that's
where you sell and then they fall back.
And if they're really good, you know, if you've got conviction
in either the project or the team, I think you hold
otherwise. And most of them are are kind of
just going slowly to 0 just because the like we have to
understand like there's a lot of dilution and like virtual's had
1000 token AI agents launch per day this weekend and they all
didn't graduate, like 1% graduated.
Rather so I cut the candle in a XBT.
Yeah, but big candle that's. You see this AI SBT's bull
posting me, Let's go, baby. Dude, I'm not going to lie.
I'm not going to lie like that one.
I was proud of that one. Like I sent it in every chat,
you know? It dunks on the knock Amigos
yesterday. That's hilarious.
It ain't dunking on for Rogue though.
That's right. You know, yeah, nice little
listings. And for Rogue puts in the work.
Come on, baby. What do you say could lead NFTCS
into a narrative? To be honest, he just said Rug
Radio could lead NFTCS into a narrative.
Come on. Pump in your bags.
Dude, I'm just putting it out there.
I'm just putting it out there. I mean, yeah, when you think
about it, dust on Ragrito Decribe, look at trader.
It is my biggest bag, but absolute miles ahead of
everything else. So so yes, absolutely.
And we will be working very hard and we have a big week, our
basil. So I guess that's a good segue
here. You know, Art Basel for
everybody who wants to participate, especially if
you're a rag radio holder. Get into the discord.
Bernie's helping out all the holders, like personally at
one-on-one, like get get in, get a, get approved and everything
for everything. So we have a skew of events with
some very, very big partners. Fridays, Thursday, Friday,
Saturday, 8 events in three days.
Tyler, this is like the most tiring week of my year,
personally speaking. I'm already stressing the fuck
out. And so and so we have opening
day with Christie's on Thursday, friends and family night with
Galaxies and also Jacob and Co. It was on this thing because I
couldn't announce it yet, but now I can.
So Jacob and Co, we may be doing something with him.
We may be doing something with him.
Announcement on Thursday night, Jacob Benko the watchmaker.
So there's something really fire coming up here with Jacob Benko
and my crypto punk crypto fighting official wash party.
If you want to watch Anson and bit boy, it's in Dubai.
So it takes place at 1:00 PM. So we we are the official crypto
Fight Night watch party at the our house at noon.
We're setting up ATV outside everything, by the way, free
booze, free food, You know my rules rug radio.
I hate when people take their wallets out at our events.
That's like my one rule. It's my pet peeve.
So come through, come hang mug Miami with blondish baby Tyler
party specifically dedicated to you.
Followed by one of one one of one experience with Geo Jam and
Super Snake. I mean, if you're an Instagram
at all, you know Super Snake for sure.
It's going to be a fucking banger.
Huge art auction going on there by those be ridiculous.
Some big DJs as well. Not going to name them Saturday,
the builders recovery brunch with abstract.
Shout out to our friends over at abstract, Pudgy Penguins, the
fam over there. So builders brunch at the house
followed by Penguin Paradise with the pudgy Penguins and a
little our house closing event on Saturday evening.
So definitely go to the tweet pin on rock radio.
There's a luma link like this. It's very well organized and
very grateful for my team for always taking care of that EV
Samya, Katie, the whole team. So you can individually apply to
all the events and just come through and Tyler, you're going
to be there. When did you get to Miami again?
The thing you get in later, right?
First thing Friday morning, yeah.
First thing Friday morning. Did you do it on purpose or you
missed? Oh, you're not missing MOG?
Okay, good good. Definitely missing the MOG event
may throw you in the pool. Anyways, bring your bathing
suits. Everyone come hang out in Miami
is going to be a huge week. We're not going to host the show
this week, but Tyler is going to be on Underexposed tomorrow at
noon as usual. And with that, with that, with
that, we'll see all in Miami. Peace out y'all.