Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
BTC below $82K, Fears over Tariffs grow, Trump family gets into Mining
Recorded: March 31, 2025 Duration: 0:55:47Space Recording
Short Summary
Recent developments in the crypto space include strategic partnerships with Galaxx and Wallet Connect, significant fundraising efforts by Bitcoin miner Mara and the Trump family's investment in a Bitcoin mining company, and the launch of the gun token from the AVAX game. Additionally, D-Energy has launched as the first blockchain powered by renewable energy. The market has seen a decline in activity, yet Bitcoin shows resilience, indicating potential growth.
Full Transcription
Yo yo yo yo good morning good morning GMD
Monday Monday Monday Monday March 31st 2025
another beautiful day to have a beautiful day unless you're montreal canada i got my coast in the house tyler mando
good morning how you doing today gm um volatile day in crypto as per usual
is the first morning today because i'm really tired of it i have no tabs open on any price
and i haven't even been over since tradingView this morning. So I actually don't even know. Wow.
Yeah. But I have to find out, but I just don't know. Yesterday night
I was like, fuck this shit. I'm traveling for a month. This thing's annoyed me all
month long. This price action is cancerous. I'm just at this stage where I'm
annoyed by it. Tyler, good morning. How you doing? Speaking of annoyed,
I'm annoyed with the month of March. So I'm happy that we're closing that out. Yeah. Let's get out of Q1.
I agree. Not our favorite quarter ever. Yeah. Everybody was hyped up for Q1, Trump train,
all that good stuff. Crypto to the moon. February is historically such... Remember,
Tyler, when you pulled up the February chart on Feb 1st? Yeah. Historically the best month ever
for crypto. Yeah. I was going to say, it's probably the best month ever for crypto.
Yeah, I was going to say let's revisit Q1,
but maybe let's just not.
Let's just skip Q1.
Just like, you know, like boy math.
Like you spent on something, you did another thing.
You just forget you spent on...
Let's just do boy math on the whole of Q1.
Okay?
And forget it ever happened.
Okay, boys?
We can agree to that.
By the way, Mando, we have a new...
I thought you
you should know given that you're one of the co-hosts of the show uh as of this morning we
have a new unofficial official mascot for fomo hour it's bongo i hope you approve of that okay
perfect fantastic that's that's big bongo just to away from mando terms um fantastic is is is a very
high praise um anyways uh today first of all all, happy birthday to my mom. I got
to squeeze that in. Happy birthday to my mom. You know, spent the weekend sobbing my mom,
given that we're traveling tonight. So happy birthday to my mom, you know, March 31st. You'd
love to see it. So hopefully, you know, Q1N slash my mom's birthday narrative, market turns around,
blah, blah, blah.
Anyways, with that, we're going to talk about the market today.
We're going to talk about Tyler's Top 100.
We have a show partner coming on as well.
And then last but no spin.
Spins are Tuesday, Wednesday, Thursday, Friday.
So four days a week.
But hey, you should still listen to the show.
You should still educate yourself, entertain yourself and retreat the show.
Because why not?
Extra good luck and extra good juju for the spins the rest of the week.
And with that, Mando.
No, no, no, no.
This show.
Sorry, I woke up a little sick.
This show is sponsored by who?
Yeah, Galaxx.
Galaxx is a web-to-be platform empowering creators and brands to build unstoppable communities with full ownership and independence, trusted by icons like Donald Trump, Steve Aoki, Mike Tyson,
and the NBA, shaping together the future of engagement,
but also Wallet Connect.
Wallet Connect is the connectivity network
shaping the future of on-chain UX.
If you've connected to a Web3 app,
you've seen Wallet Connect.
That blue logo, it's everywhere.
An icon of trust in crypto,
as recognizable as Visa, as checkout.
Want to learn more?
Follow Wallet Connect on X and Telegram
to stay ahead of what's next, Mando.
We really need to know what's next because I saw a price action this weekend and it was not great
yeah it wasn't that great this weekend was it um i think if you were if you were signing in
you kind of just had that feeling where it's like oh god this isn't going to stop um
and then it has stopped a little bit today so we rebounded uh we were we were very weak this
morning again um kind of touched the local lows kind of across the board this morning. We've bounced as the U.S. equity market has opened.
Interestingly, U.S. stocks are not doing that well.
The Nasdaq's down another 2% roughly again today.
Tesla's down like 5%.
NVIDIA's down 4%.
That sell-off in tech stocks is definitely not stopped.
It's just that crypto's maybe slightly outperforming.
I don't know.
Or maybe we already had our sell-off over the weekend.
It is becoming kind of consensus that we're going lower, I would say.
And I think that's probably one of the more bullish things
that's going on in that stocks are the most shorted
they've ever been since COVID.
You've had a huge swing in investor sentiment.
And it's just interesting to watch that sort of setup because, I don't know,
stuff started to look a little bit oversold again in tech stocks.
It's either we really are going down like 20%, 25% and this whole AI boom is just going to completely dissipate
or you're going to have a violent short squeezes in between
or maybe at the same time.
But that's not a great looking chart right there.
But it also looks like a chart that does like rip in your face as well.
I think that's basically
where people are. People are
wary about macro more than they are
about other things, I would say.
Crypto
just feels a little bit quiet.
That's what I would say. The timeline,
the activity,
there's no more daily runners.
It's
largely slowed down.
And I think it's just the OGs talking amongst themselves
about when this is going to turn around.
Yeah, by the way, there is nobody left in,
there's nobody left, right?
I think that's like a common theme of what people are saying on the timeline at the moment.
Just like, where is everyone?
And that's...
Yeah, that can...
There's 200 listeners, Mando, on Twitter spaces.
Is that high?
No, brother.
That is the lows of the cycle.
Right.
Like, it's reflecting the... We're not seeing it on myriad myriad is
pop it off we can talk about later but like on viewership usually is why i would see it you know
amando live listeners i mean we do have like youtube and x broadcasting so we kind of like
eat on each other on the show sign bring bring up crypt bring up google search trends bring up
crypto yeah it's a good thing to look at i mean usually
i look at chart beat for decrypt and that's how i know um and i'll tell you guys the month of
march numbers in a second but uh but yeah usually that's usually how you know man though you know
like we had a record-breaking month of jan and then february sucked and then there was like
less views and then march was probably on and off because there was a lot of headlines though.
But, you know, it's been an interesting time this quarter.
Yeah, it's not been easy for people, I don't think.
And they probably, you know, they don't want to listen to us anymore.
So it's, I still think we're in for more of this.
That's the thing.
Like, I think we're in for more of this chart.
I think, like I said said the most bullish thing is that
that that people are positioned for a sell-off a lot more and quite violently if they swapped
that way so normally in those sort of scenarios things i've have to go really cataclysmically
wrong or it's not it's nowhere near as bad as people thought it was. Do you know what I mean? Yeah. It's actually like we're going down 20, 30%
or it's like a bunch of shorts try and push us lower
and it never really gets that much lower.
And I think I'm more in the second camp here
that like I don't think it's going to be as bad.
And I still think Bitcoin's going to outperform in this world
yeah uh what a candle today but i don't think it's going to be as bad
you heard the man you heard the man he pretty much said everything bitcoin dominant 62 and a
half now btcd i feel like we've been there a few times now. Oh, wow.
It looks beautiful. God damn it, man.
You see this chart, you buy the shit out of it, right?
I don't know.
Tyler, I mean, you're sending me... Fuck. You're sending me some Bob Lucas
Hopium. We like it.
I mean, is it Hopium? I mean, I hope so.
What do you think? Oh, is it?
He's saying that he thinks
stocks are in for a continued downtrend
until into june um and basically that rallies will will be sold off which i feel like is also
kind of a consensus view yeah right now and like we're seeing more the reality behind the tariffs
like unless the tariffs are all just like magically reversed, which doesn't seem to be the case,
like it's going to take a little while for those to,
to really start to have their, their impacts.
So I don't think a huge surprise there.
I think what's jumping out to me is like crypto,
I mean, at least Bitcoin, maybe we have to separate them.
Bitcoin is holding relatively strong, right?
Like I'm looking at the one month chart and it's down to 1%.
Like we are basically just straight sideways with some ups and some downs over the last month.
So I think you can take some solace in that.
And just because if stocks go lower for another couple of months, I don't know that...
I don't have the gut feeling that Bitcoin's going to grind all that much lower.
I'm sure maybe we'll go back into the seventies and some bad days,
but I don't know. It feels like it's holding up pretty well.
And clearly more and more big players are buying. I want like,
is someone buying this morning? Like what's driving,
what's driving these candles?
Like we know.
We had Mara come out and say they're going to buy 2 billion. Didn't we?
Layla's obviously constantly buying
Bitcoin is
you can see that Bitcoin dominance
62.5%
that's so crazy
it hasn't really moved
like 83 is where Bitcoin has been
for a long time now
many weeks
I've done
just up down around that sort of level.
Wow.
Well, Bitcoin Dom could probably go back to 70% here.
Yeah.
I mean, it's also because Ethereum is just outperforming like crazy, guys.
Underperforming.
Under.
Yeah, sorry.
Underperforming insanely.
I mean, it's just not catching a break.
Last night, the ratio briefly hit 46 i know
i continue to think that like and i said this on the real vision show we did on friday i continue
to think this is actually one of the most dangerous charges in crypto because i think a lot of people
oh my god still have the risk reward mindset of this and think
is like oh but it's gone down so much you think why but you could have said that at literally any
point that's the thing right you could have said it here could have said it here you could have
said it here and now you said it here and then people saying it here like and that's a really
scary thing because i think that that logic just never really stops.
And I think people think, oh, it's a good defensive trade to open maybe over a bear market.
Now it just looks like, I don't think that thing might turn around, guys.
But this is, can we talk about like the impact it has on crypto as a whole?
Can we talk about like the impact it has on crypto as a whole?
Like, does it have an impact?
I think it points to the transitory nature of L1s to a large extent.
Right, because while ETH is going down, there are other L1s and L2s, L1s mostly gaining traction, right?
There are, but I think this changes the investment thesis for a lot of L1s, if I'm honest.
Someone said the ETH refund from FTX is going to be juicy.
Well, I think you're getting your ETH back at the price ETH was.
Oh, God.
I'm not joking.
I think it was $1,600 when FTX busted.
It's almost $1,500.
And ETH is even.
Man.
ETH looking burdened by what it has been.
Speaking of Kamala.
But, yeah, been of Kamala. But yeah,
this is,
fuck,
this is not great,
man.
It's not good for the punk way show.
I think we can talk about that in a second.
I do think it does make it harder to hold,
to have like real conviction and new L1s,
right?
If it's proving that they're all going to trend to zero against Bitcoin,
right?
Like you kind of have to pick them up as trades.
The jury's still out,
right?
Like maybe like if Solana continues its trajectory,
maybe it can break the trend to a degree.
Yeah.
Bitcoin doesn't look great either right here.
But yeah, that one's hurting.
As for Punks, I guess we just got to hope people keep pricing these in USDC.
Maybe on the Punks website, if you guys listening,
maybe just remove the ETH price that's on top of the USD price.
It's 28,000 right now.
I'm not going to lie. The ratio is not, the spread is not bad.
You know, the spread is not bad.
I suggested a spread market to our team this week.
I don't know if they're going to go for it because sometimes the resolution is
hard. So some markets are hard to make.
I suggested a spread market to the Myriad team, Bitcoin to ETH,
Bitcoin to punks.
I thought there could be a funny quarter one.
But yeah, Mando may pick up a punk for like $25,000 at some point.
This keeps going.
Actually, Mando and Ovi may buy crypto punks from Yuga Labs.
Canary Labs may actually acquire the punks.
That would not surprise me.
I've been hearing things.
ETF coming.
Yeah, I, it's just, it's just a dangerous one.
I, I have broader thoughts just here a little bit more about,
and I've, again, I've said this on the Real Vision show,
just that stable coins are just are becoming so strong and
I do
question whether the new entrants
are even interested in our L1s
or if they'll just
they'll become
more just gas tokens than they are
forms of exchange
we all price stuff in
NFC is a price in E eth and what we just said about maybe
they should be pricing dollars and meme coins obviously had like soul pools and all this sort
of stuff but i don't know like i just feel as though the new entrance doesn't actually
or the money the money over the next few years is going to come in it's going to really be around rwas and stable coins and i just i actually think that can be a bit of a threat in some ways to some
of these coins like does does the dollar does the usd or stable yeah become a um become more of the form of exchange that we had i don't know but i just i see that
narrative right i just see why people are bullish right now and it's on rwa's almost exclusively
yeah i mean you saw that report we didn't really cover it but dan robinson paradigm posted a report
of what tradfi is interested in crypto.
The number one thing was RWA.
Number two was stablecoins.
Number three was decentralized exchanges.
Number four was prediction markets.
That was the top four.
And there was a list of 10.
It was actually a pretty decent report.
I'll retweet it again so people can check it out.
But it's true.
There's a lot of excitement around that.
And it looks like what they're
building towards. Anyways, Tyler, do you have something
to add or do you want me to...
Anecdotally, I'm seeing that same
trend in the trenches
where previously someone takes profit
on a meme coin trade, they swapped
the sold. Now I think they're swapping
the USDC.
Yeah, people are trading
dollars to... There's other things like maybe that's because
you know macro is bad people think solana is not doing well but it's just another you know data
point in kind of favor of that theory so what do you what do you think about soul here
because i see ansem retweeting now that you think soul's like one of the best shorts in in
so that's it and i was like wow that's quite a departure from him um
what do you think here like if the casino stops or slows down, do you think it can keep,
do you think it's,
it's obviously down a lot,
but do you think it's, it's looking vulnerable or no?
I think this is the spot where Seoul is like,
it's like that 127 price,
right?
We've seen that all cycle.
It was a price we needed to break through to
make new highs.
And now it's been kind of like the floor here.
I don't know. I don't see.
I still see
even like the occasional
runner, let's call it. This is no more daily runner,
right? It's still on Solana.
I mean, what do you...
I agree with that, but like that's and and but i think we
have to understand that in the context that the the amount of activities is really going down
like it's starting to be overtaken pretty comfortably by the blockchains for fees now
so this is the tweet you're talking about that he shared. Why isn't Sol a good outright short or a good short versus any other BTC or crypto long?
And then Fajal get a pretty good answer, but I'm not talking about how ETH has been a more popular short, whereas Sol is where most of the on-chain activity is these days.
So basically, why would you short the one active chain when there's tons of other ghost chains with similar properties but no one really using it so the cleaner trade in his opinion
well that's a question like is xop like like xrp or a like those aren't they better shorts than
stole itself i actually don't know but one thing i have noticed here and one thing i have noticed here, and one thing I have noticed is that trades, popular longs,
or trades which are consensus, this is a good thing to own, are actually the things that
are getting smashed the worst.
If you see something that pumps, actually it tends to like draw attention to it.
And then you see like these horrific moves afterwards.
I look at Farcoin as prime example, right?
Like has this like, get some attention,
roofs up to 600 and then just like smashes lower,
smashes lower.
And I saw the same thing even with bearer chain, right?
Like as soon as something gets a little bit of attention attention as like oh this is this is the thing to own
like everyone just attacks it do you know what i mean because that's where the the like the most
recent money has come into so i don't know what this market is like alana had a very similar
looking chart like pumps and then as soon as it gets some attention
yeah just like get absolutely smashed lower so i was surprised by that last smash lore i have to
say i agree like i was so surprised that we didn't break through here it's the ones which like no
one's really paying attention which seem to be outperforming like look at tron well that's because tron is yeah that's true i guess it's in some ways like not
having nothing going on actually slightly better in this market that's just like i know it sounds
strange but like if you have stuff going on and people are trying to do stuff on your
chain or there's activity it feels as though that's what people sell because they're losing money on the other stuff.
Or at least that's what I'm seeing.
The thing with Soul is definitely not the best short out there at all.
But sure, like the rest of the market, are you buying anything?
But it's definitely not a short because there's a lot of good, there's a lot of catalysts for Soul.
Soul is the next ETF in line.
Soul is where they're constantly working on new product apps the niceted beer last week news
soul is always constantly man share on top of it no matter what they post do or say where they're
good or bad this cycle's meme coin is far coin it's on soul every time there's a daily runner
if there is one it's on soul like last week the routine trend it didn't launch on trx it launched
on solana um so that's my thing it's like and then you have the potential etf news
that could come out any day then this then that then the government wants to build on a blockchain
they're considering so like there's all these little things on solana that if you have a lot
of shorts there's so many things that could destroy the short but again i'm not a short trader so i
i've never shorted my life I'm not shorted either
I guess what I'm trying to say is that
The actual focus on it
And that people are bullish on it
I think can be a bit of a dangerous thing
Yeah, of course
What do you think?
In this market where everything is getting smashed
Like the consensus
This is a good thing to own
Versus ETH can also get absolutely smashed.
And that's what I tend like.
And also people sell pumps.
That's the other thing I've noticed right now.
Never buy a pump in this market, like ever.
In fact, that's the stuff to short.
So like whatever you think is like, oh, this runs up.
Oh, this is going to break out.
We're going to return with this coin.
That's the stuff that looks the worst.
Or this gets absolutely hammered.
What do you think, Tyler?
What he's saying makes absolute sense and matches what I'm saying.
But I feel like that could also be reversed.
So we're in a downtrend.
So if,
and when a bottom does happen and we start grinding back up,
I think the,
the tokens,
the chains that had the attention are going to be the ones that catch the
bid the fastest as well.
But yeah,
it's hard to argue that the folks are looking to,
to short the tokens that run and all the pumps are getting
sold off i feel like that's going to continue right until we we figure out which way we're
going to resolve yeah i think soul is going to still be here in relevant in three to five years
let me like if soul went to 90 i think that would cause a lot of pain whereas yeah went to 1500 i
think people are already like do you know they've already sold their eth right that's what i mean i
feel like a pump in eth is actually like the thing that would cause more pain and i think a sell-off
in solana would cause more pain and i'm just saying that in this market it feels like people
are just going to be in pain yeah have you not already had the mega sell-off on Sol though?
It's like it's down as much as ETH, right?
Or more?
I'm just telling you in terms of positioning.
That is, and I think that that is the risky thing.
Because that's, again, the same reason why you would have bought ETH.
This is down so much, therefore it can't go down more.
It's just a really horrific way to consider trading about stuff in crypto.
Yeah.
And that can discontinue for a long, long, long time.
Boys, I have good news.
First of all, crypto, dude, I think you're right.
It is a downtrend.
And then someone says Solana is where all the sneaker flippers are perpetually.
I actually agree with that as well.
We've seen every other narrative go coming in and out.
I have good news, though.
Kramer on CNBC today said, I can't think of a dumber day to buy stocks than today.
Deal with that information.
What you will.
Kramer said it is stupid to buy stocks.
Look, obviously, my two bags are starting console so like when i
when you ask me this i will always have a bias towards solana yeah but the reason why my bags
are sonic and so is because sonic for me is going to be the home of defy two point like this 3.2
or whatever the fuck you want to name it it's where the defy tv is happening the numbers are
not lying like the on-chain flow i know you've shared that mando i've shared them as well
um so that's where it's happening but on the flip side solana is where i still see the streets the trenches the fucking thing
happening and as long as like a video is going viral it's still happening on solana the meme
corner of it i'm still going to be bullish on that you know i mean so that's i know it's a
very left to a certain extent here when i see it on sonic like i see a lot happening on Sonic
And on Verity
Verity last week got a ton of like
And then it's just
Whack
You know what I mean
The attention in this point of the market
Often means that money's flowing in there
And then
Air Force just gets smashed
Because you can't sustain it
Is this Mandel realizing And making us realize that we may be in a bear market And then effort just gets smashed because you can't sustain it.
Is this Mandel realizing and making us realize that we may be in a bear market?
I'm just saying.
I don't know.
You're asking all these questions.
I'm questioning my life.
I've been a trade during this cycle.
But like the census loans, I think it can be really dangerous.
He's made me reconsider my entire life in this last 10 minutes, guys.
If for you or you're listening,
like everything you're asking me,
I'm like,
fuck,
it's just because it's a downtrend.
Every pump on every coin you've talked about,
Farcoin,
Barra,
Sonic,
Solana,
Bitcoin.
You've named all these coins so far this last 15 minutes.
And all of them that every single time,
they're good coins,
all of them.
And every time they've had.
I was last week with AVAX and I was like, AVAX, same.
It had all these runners.
It's going, it's going up to 23, maybe 24.
Maybe this is a thing that'll break out.
And then just because it popped its head above the parapet, it just got smashed and just underperformed for the next seven days.
And I was like...
I know.
But you know why?
Because you asked the main question about Solana.
Because Solana still ran the hardest with one of the meme coins
being the best runner, which was Farco,
when Bitcoin ran again to 87, 88, right?
So those are the little signs I look for.
I'm definitely stuck in spot bags at this stage.
And I'm just going to like go on my trip and chill.
You know what I mean?
Like this is,
I think this is what everybody should do until,
until the summer.
If everyone calling for June,
Mando's still my quant too,
Cramwave.
Mando's still my quant though.
Of course he is.
I think,
I think Mando just made three bulls realize,
including himself,
that we may be not doing great right now.
Do not buy momentum.
That's all I'm saying to everyone in this market right now.
Do not buy momentum
and be very wary of consensus
this is the thing to buy longs
because on the bad days,
those are the things that just get smashed.
We need a video of this show,
just Tyler's facial reactions,
this entire show
with music.
I was just Tyler listening to Mando
like, fuck this guy. I'm as permabullish
as you, Farouk. Even I've come to terms
that we're probably got a few more months.
Yeah, that's the thing. I'm at the same.
It's like, I have my spot, but I can't do anything about it,
Tyler. I'm just going to hold them.
Show up to work every day.
Look, on the flip side, we'll go to your topics, Tyler,
but you have the stuff like Godzilla opening at a billion.
I know you're going to open with that.
Myriad just smashed through a million dollars in volume.
We've already put 20 more percent on top of that this weekend.
There's a lot of apps are killing it.
Kylo, the TGEs have done well yes in the last
in this quarter so let's go to your topics that day tyler because that there's some better news
there for daily nft and crypto analysis
surprisingly folks crypto majors are great here we're up a one to two percent despite some deep
macro and tariff concerns coming out of some volatility from the white house yesterday
regarding a third term bombing iran trump being angry at putin and more tariffs so it was quite
a day of piercing volatility uh from a macro standpoint during During that, ETH Bitcoin hit a new low, 0.0218.
That is a five-year low. This morning, we got news that Trump family is investing in a Bitcoin
mining company, which will fold into this new company called American Bitcoin. They're also
going to look at a strategic reserve. We had Bitcoin miner Mara raise $2 billion to buy more
Bitcoin. They're the number two holder for companies.
Then Saylor, breaking right before the show, he bought another $2 billion at an 87K average.
So the companies are piling in.
On Friday, we saw the FDIC give banks the green light to engage in crypto, saying they can conduct permissible crypto activities without prior approval.
Japan, somewhat similarly, their financial services agency is set to formally position crypto assets as
financial products. On
Friday, we also saw Trump pardon
the BitMEX founders after they
pled guilty in 2022 for failing to
implement an anti-money laundering
program. Saw Arthur
Hayes parting at space, I believe,
on the back of that news.
And then FTX plans to begin repaying
larger creditors.
They still have an $11 billion cash pool to pay that out in token airdrop
and protocol news.
Kind of a lot of news.
Actually this guns token,
the gun token from the AVAX hit game off the grid launched at a $1 billion
FDV.
So strong open there.
We have open C go check your opena people. If you bought an NFT
and held it over the past six weeks, you're eligible
for this latest XP package.
Go check that out. Wayfinder
on the Parallel Prime team, they
confirmed that prompt TGE
will be within the next
one to two weeks.
It was a delay. It was supposed to be today,
but it's going to come soon.
Shout out to Marriott. Crossed $1 million in lifetime volume on Friday.
Big milestone there. Rounding this out in AI and memes and NFTs.
AI sector is down about $5.5 billion. A lot of red on the board.
Meme leaders down about 3% to 5%.
Memes still notably 50% of the overall DEX trading volume on Solana.
Pump funds still making $1.5 million per day.
One interesting story here.
Tiger King Joe Exotic.
He did an interview with Decrypt.
I know.
When asked why he dropped a meme coin, his answer,
I'm knee deep in lawyer bills.
So now we know.
At least he's honest.
He was honest.
And so were market participants who did not buy his coin.
I think it's a market cap.
And then NFTs, Taproot Wizards dominated the weekend from a volume perspective.
That floor was at 0.16 Bitcoin though this morning.
So that was down under the mint price.
And then those quantum cats will become unentangled today.
So some of those may be hitting the market later today as well.
Yeah.
Yeah, the cats.
Yeah, the quantum cats.
See you, Vando.
Okay, there's a lot to unpack here.
There's a lot to unpack here, a lot to unpack.
Where do we even start?
Let's look for opportunities because we just – we went through the 30 minutes of bear market.
Therapy is not the right word, but just.
I mean, he's got a point, right?
He's got a point.
For sure.
But I think for those who do still show up every day, there are opportunities.
So I think that is what I want to highlight.
And this gun token is the newest.
This was a huge sign for Web3 Gaming.
This is tied to the Off the Grid,
the team behind that game, Off the Grid,
which is a very successful Web3 game.
They're going to launch this Gunzilla AVAX L1.
The token, admittedly, it has a 6% circulating supply,
so certainly low flow,
but $60 million
market cap, $1 billion FDV
here at open.
So folks who were
grinding that one, I think have to be quite happy
about that token open.
This comes after last week.
Walrus token hit 3 billion FDV.
Wow. So we've had
a lot of successful.
That is incredible.
Many people are calling a bear market. I't know what if we are ready to label it that it's an opportunities market
yes so i think that was a huge one love to see that avex has a lot of momentum
they're always on top of it when it comes to gaming man always always always when you tell
me there's a game that's doing well
or that has done well, that is somewhat has momentum,
I hear the word Avalanche after this.
And I'm not being paid to say that.
I don't have any holdings, nothing.
I didn't participate.
I'm not a gamer.
I suck at it.
But I have to give credit where credit is due.
It's always on Avalanche.
Yeah, they've been doing well.
They also had a nice little meme coin cycle meta here the last few weeks.
And some people made some money.
There's been some action over on AVAX.
And then in the NFT streets, if you show up, buy, and hold NFTs,
now you're getting this OpenSea XP point.
So that's how they're giving it.
I don't think I got anything.
Yeah.
Well, I got zero XP.
Neither did I. I don't think I got anything. Yeah. I got zero XP. Sadly, the NFTs I bought
were CryptoPunk and then
Masks from Sam Spratt.
I bought those on Nifty Gateway.
I don't remember last time I bought an NFT.
I don't think I bought an NFT in a year.
Two years. I don't know.
I've done $150,000 in NFT volume
and have zero OpenSea XP.
Not great.
Can I just say the OpenC homepage
is so beautiful?
People are loving OpenC2,
the redesign they've been taking, user feedback.
That is so nice.
Oh, look at that. Hey, where are we?
We got to put our shit up there.
All right. But, dude,
this is really nice.
Oh, they have coins on there.
It's true.
I forget you can trade meme coins on OpenT now.
Wow.
This is really nice, Tyler.
I just realized this must be new, this new homepage.
It is beautiful.
Yeah, they've been redesigning it,
and they've been continuing to climb up the market share ranks as well.
I don't have the data.
I think when they TGE, bro, with all
the little things they're doing,
I feel like they're much more mindful
in the way they move now, OpenSea in general.
But you know me, I'm always positive,
so please OpenSea, please prove me right.
Please, I beg you. I think this could
be a good airdrop when it happens.
When it happens. It doesn't have to
happen today.
I think so too.
This is
really positive.
So we'll see what happens on that front.
What else? Tell me. Let me see these prices real quick though.
Yeah.
I mean, well, apes are up.
14 ETH. Yeah, apes are doing very well.
Oh, crazy eye floor. I know what that means.
Do you know what it means?
When the floor is crazy eyes
in apes. Yeah. It's historically when the floor is crazy eyes and apes yeah
it's historically historically when the
floor is crazy eyes is usually a pump after that
but we'll see we'll see if that still
happens so what happened to doodles was just a little bit
of a little drama
happening on timeline
i haven't seen too much
the former ceo
he listed his doodles.
Yeah.
Where's Steve's page?
I think you posted about it.
not this Steve,
this Steve.
So he's selling his doodle.
Okay.
Yeah.
I think that's a little bit of,
so he's listed this for $10,000.
Dude,
that is historical.
Someone should buy that.
I think it's a nice one.
I mean, it's definitely a collectible.
It adds to the collectability
of the doodle.
Very interesting.
Anyway, kind of going through the shift.
Yeah. And something I saw
on your board, abstract NFTs.
Abstract continues to have some nice green
on the board. On just on on every day
i log in and check there's usually you know a handful of collections up 10 to 30 percent
so there's definitely plenty of signs of life in in the abstract not eco and then the other
headline is separate wizards over on bitcoin i think we got to quickly talk about that yeah uh they did like on opening
day i think six million dollars in volume a pretty significant number compared to like what we've
seen compared to the rest of the market now down about 20 25 from the price of 0.2 so holding out
at 0.16 there's gonna be some supply at the market here or not supply
rather. There's going to be some quantum cats hit the
market here when those untangled ones come out.
I don't know what to, how to
read this one. I think this is a little bit
lower than I would have anticipated, especially
with the ducks auction came out at 0.31.
Could just be a sign of times
for Bitcoin. Yeah. and people just aren't
really to go risk on in this area yet i mean risk on brother this is a fucking 17 000 nft too right
yeah like even a 0.16 bitcoin like what's 0.16 times 83 000 13 280 is $13,280. Yeah. Let me not do the conversion in Ethereum.
I mean, you want it in ETH?
That's 7.5 ETH.
7.25 ETH, you want it in Solana?
Hold on, let me do it in Solana for you real quick.
It's 126.
Oops, I did 166, my bad.
It's a lot of Solana.
Let's just put it that way, you know?
It's 100, 100 SOL.
Actually sounds less bad on Sol than on ETH.
I'm not going to lie.
Yeah, what do you...
74, that makes it the fourth highest PFP collection across solid chains.
I mean, that's still a very strong open.
Yeah.
Look, as you know, I've said, I love Udi.
I love the team.
I'm a fan.
But I don't have a read on the market of this either.
And it's not like I'm buying anything myself.
So that should say something right.
I don't know. Like I didn't rush to buy one of these prizes.
If it goes to .1, I'll buy Wizard.
Big if, by the way.
You know what I mean?
Yeah, I think there's going to be a number where these start to get very attractive.
.1, I'd buy Wizard just because
I like them, but
they're so funny looking. Anyways,
do I dare look at the rest
of the Ordinal's prices?
Or am I going to ruin my day?
Bongo's laughing.
I think the other takeaway here is
it's going to be hard
to see the other collection
to run.
Oh my god.
Yeah, 0.03.
Bro, how about
it's 0.04?
What a round trip.
Yeah.
I'm feeling like Faroq in 2022.
Not 2021.
When I realize
I'm round tripping my shit.
Anyways, what else, else Tyler what else is you
I see Shaffee and his two we're going to go to you
yeah we'll go to him in a second
this is another opportunity
there's ways you can there's like some
quests you can do you can
just open up wallets across different chains
do some basic transactions
earn some points of course
like if you want to do invest capital,
you can buy the prime token and cash.
Of course,
that's a more risk risky trade because the prime token could go down.
But there are ways to still,
to get some exposure to that.
also I'm yapping is one,
right.
You can post content about wayfinder and get rewarded on Kaido and perhaps from the team as well.
I totally forgot about this.
I used to check it here and there.
I'm starting to disconnect.
Oh, wow.
I have a lot of yaps.
Holy shit.
Not bad.
I don't even try.
It's not bad.
3,000 yaps.
Huh.
Do you still yap, Tyler?
You love it.
You got like a master's in yapinomics
i mean one of my jobs is to show up and that is true that is kind of your job
and you are very good at it engagement is hit or miss these days i'll just say that dude
engagement on weekends is like dead sundays yo y'all in the audience, how was your engagement on Sundays?
I have to say engagement on Sundays is busted now.
Like nobody's home on Sundays now.
You know?
It's been something.
It's been something.
All right.
Well, Tyler, do you have anything else?
If not, I will go.
Pardon? That's the roundup. All right. All right. All right. Well, Tyler, do you have anything else? If not, I will go. Pardon?
That's the roundup.
All right.
All right.
All right.
We are ready.
Thank you, Tyler, for bringing some spirits back up into this well-needed show.
But listen, we're keeping it real.
Tomorrow is the start of a new quarter.
Inshallah, it's going to be a good quarter for all of us.
We'll see.
All right.
Let's bring Shafi, Rafi.
I got to say, that's probably the coolest name we've had on the show.
You know, I got to say, what's your name?
My name is Rafi.
Shafi Rafi.
You know what I mean?
It's gangster.
What's up, Shafi?
How you doing?
What's happening?
How you doing, guys?
We're good.
We're chilling.
Listen, I guess we're very eager to end this quarter, you know?
Sounds like consensus here.
We're excited for this quarter to be.
I feel you.
It started well.
It's kind of,
yeah,
not done so well since then.
Yeah.
I pulled up the monthly chart earlier
because of Tyler on the show of Bitcoin.
I was like,
wow,
January was amazing.
Like the month of January
straight up to 110 BTC.
And then,
and then February and March were just like one after the other red months.
But listen,
if it was easy,
you know,
we wouldn't,
you know,
it wouldn't be the way it is.
Tyler loves to put it that way that we need,
you know,
it needs to be hard.
It has to be hard for us to enjoy the ride.
And I think Tyler's right when he says,
anyways,
Chaffee onto you.
I mean,
look,
it's a builder's market.
We talk about this.
So I'm assuming things are going well, looking behind you. I mean, look, it's a builder's market. We talk about this.
So I'm assuming things are going well looking behind you at this wonderful office that looks like you have.
So Shafi, why don't you give us a little teller of who you are and what you guys do?
So I'm Shafi, founder, CEO of D-Energy.
We are the first layer one blockchain to be powered by renewable energy. So as you guys probably are well aware, most layer one blockchains are either powered by a proof of work or a proof of stake.
So staking native coins to power or to validate the network. We have pioneered and developed a new consensus mechanism,
which requires our validators to stake renewable energy in the form of RWA NFTs.
And these real world assets, real world renewable energy assets, in the real world, they're called
REC, Renewable Energy Certificates, which is a certification standard, which is issued to every
clean energy producer, whether it's solar, wind or whatever. So our consensus mechanism requires
the validators or the nodes to stake these in order to secure the network.
Okay. Wow. This is wow. The first L1 that's powered by renewable energy. That's super
interesting. And also the first L1 that's powered by not the native token,
but actually by an NFT in the form of a real world asset.
Interesting.
Okay.
Wow.
You definitely got my curiosity here.
So what makes you guys different from every other project?
I'm assuming this is it,
but do you want to maybe dig in a little deeper?
Like into this whole NFT thing?
I'm curious.
I think most projects, most blockchain layer ones,
they essentially build a code, you know,
the kind of metrics that they compare themselves are, you know,
TPS or, you know, the scalability
or what other mechanism that they find that is their unique selling point.
And then once they deploy and they launch,
they start to look for use cases and for utilities.
Our blockchain is natively built in a use case, deploy and they launch they they start to look for use cases and for utilities our blockchain
is natively built in a use case which allows the freedom within our wallets natively to be able to
trade peer-to-peer renewable energy so the current renewable energy markets the way it works is in
order for you to offset your energy which as we all know you know with the electrification of
the world with electric cars and ai data centers and things like that. The agenda with, you know, net zero by 2050 to allow people to offset their energy seamlessly.
The current system requires you to register with the local kind of registry that you can
store the renewable energy certificate.
And then you would have to go find a broker.
The whole system is really archaic and actually a bit outdated.
So, you know, to me, my background is actually from renewable energy.
I was a commodity trader and obviously an early crypto adopter.
And basically, I kind of saw that this could, you know, converge and synergize into actually one ecosystem.
So what we're building is what we call the energy-backed economy.
Our tokens are the fodder of 1,000 times offset energy.
So every time our network uses one megawatt of energy,
we offset 1,000 megawatts of energy.
So it becomes a regenerative system.
So we're not just net zero.
We're actually adding clean energy into the environment.
So by engaging with our network,
you're hitting all your ESG targets,
you're helping the climate and the world as a whole, and you're actually also profiting from it because we have the possibility of staking energy, which didn't exist previously before our chain.
And yeah, there's so many moving parts to it, being a fully integrated ecosystem.
Yeah.
This is interesting.
Yeah, I mean, there's a lot to talk about.
So, I mean, I would start at the basics and say what we've done with democratizing energy,
we're allowing it to be tradable.
So, for example, in the US, only US companies buy renewable energy certificates.
In the UK, only UK companies will buy the locally produced ones.
But within our ecosystem, it's borderless.
So somebody sat in Dubai can buy US certificates.
They can stake it to earn a yield, to earn a return.
They can do all sorts of things. They can stake it for, or they can buy it for speculation.
They can buy it and, you know, they can set it and put it in the marketplace and, you
and put it in the marketplace and, you know,
know, see if there's anyone interested in buying it for the price they set.
see if there's anyone interested in buying it for the price they set.
So, yeah, the whole concept of the blockchain is actually
to make the foundation layer of our blockchain renewable energy
because the way the world's headed, everything's being electrified.
So it should be like the foundation of value should really be.
In a digital world, you know, the value should be energy, clean energy.
I like that.
That is very unique. I've never heard
something like this. That's so interesting.
We're taking a different take on
blockchain technology.
What pushed you
to do that? Why are you doing this?
There's many reasons. First of all,
like I said, I have a background in renewables. So understanding the markets from the inside and understanding the intricacies and the complexities for the average person to engage.
Forex, for example, you know, in the early 2000s, you know, you could go to a bureau to change and buy your dollars and exchange it for yen or whatever.
But no one ever really did that. Right. To make kind of any profits that no one would ever do that.
Then suddenly in the late 2000s, you know, 2010, 2011, everyone suddenly was a Forex trader because all these applications came and allowed it to be easily tradable.
They did the pairings and all of these things. So for renewable energy right now, which is probably a fundamental, one of the main fundamental resources that people
should be looking at or people should be investing in for, you know, the future of this planet,
it's got such an archaic system. Like I said, the system is so fragmented and it's so
disjointed that bringing that on chain only made sense to me. And, you know, we've, you know, we've been developing this project.
Should we say, you know, black ops, you know, without any,
any kind of marketing or anything, because, you know, you have,
you have chains out there that have a hundred million dollars available to
deploy, but without, you know, any real idea of how to utilize it.
So, like I said,
we have an inbuilt utility and what we're actually doing, we have a
use case which is helping
renewable energy and helping
renewable energy producers benefit,
have liquidity, and have
instant customers removing the middlemen.
So yeah,
we're democratizing energy.
Interesting. I like that.
I like the... So is that
the big vision here like your north
star because i'm looking at the manifest sorry i'm just like going through your website while
you're talking but yeah go for that and that's what i'm sharing on the timeline uh which the
website is d.energy which actually nice nice domain you got here and there's the white paper
there's manifesto website it's looking clean very easy to see so for those of you listening on audio
and you can't see what i'm sharing online just check it out d.energy and you can you can learn more about this there's a white paper and there's a manifesto that's pretty
like short and sweet and pretty clear here so is that your north star yeah so i would say our
north star or our kind of big vision for the future is making clean energy the new currency
of the digital world you know like i said we're heading towards a completely electrified world and the energy use of requirements is just going to increase.
So making, you know, once upon a time, our currency was backed by gold, you know, before it became just, you know, promissory notes.
So we're using technology to verify and to create a really fair system that allows people that are doing positive impacts
to reward them directly and provide liquidity. So yeah, the big vision for the future is just
making clean energy the new currency. Our native token is called Wattcoins, like electricity Watt's.
So Watt's are only produced and can only be produced. So we have something which we call
inverted mining. so as bitcoin requires
loads of energy and resources to be depleted and used in order for a coin to be generated
our system requires every time our network uses one megawatt a thousand megawatts gets offset and
only then can a what coin be created so it's an inverted mining process, meaning that it's a net positive
impact on the environment before a token can be generated.
Okay. And so, wow, this is like quite the opposite of drill, baby drill.
It's mine, baby mine.
This is exactly that.
Yeah.
This is just speaking of mining. Tyler, you missed out that the Trumps
invested in a mining company that launched you with a hot eight.
I thought you were...
Yeah, we'll
talk about that we'll keep up for tomorrow we'll keep up for tomorrow so so there's a token
so is that token already launched or like how do how do our listeners you know tap into this
so we are currently running in uh testnet we've been running our testnet for just about a year
now uh we're imminently i say, within the next few weeks
or within the next coming month, we'll be going to mainnet.
We'll have our TGE, and we'll be shortly after announcing our public sale.
We're doing a public sale on our first community-run DEX,
which is called WOTSWAPS.
So WOTSWAPS is a community-run project,
which allows instant uh instant liquidity so
there will be pairings of um it's already bridged to eth i believe i was speaking with the team
so you can do your usc or your usccs for swapping and there will be an instant liquidity pool there
um so yeah our tokens will be you know i would say, join the channels and look at our Telegram, our Discord for updates on when the public sale will be available.
We're having a whitelist for some of our community, our veteran community members.
They can be whitelisted.
There's certain measures which we're announcing that they can do to qualify for that.
So yeah, the token is not available yet, but it will be imminently available.
Okay. Okay. So how does the listener of FOMO Hour tap into this? for that so yeah the token is not available yet but it will be imminently available okay okay so
how does the listener fomo hour tap into this like is there is there someone in in like how
does someone here participate so that they could like get a little bit of something so i would say
your community are more than welcome to participate in uh the upcoming uh mechanisms we have we have
some competitions which will'll be running.
Winners of that will be automatically
whitelisted for the public sale.
And there's certain other kind of mechanisms
which we're discussing.
We haven't finalized yet,
but like I said,
listen into the community.
All the announcements will be posted there
on our X, Telegram, Discord.
All right, perfect.
Well, Shafi, thank you so much
for being a part of us today on the show. You can check them out, ShafiRafiOnX, or just d.energy. That right. Perfect. Well, Shafi, thank you so much for, for, for being a part of us today
on the show. You can check them out Shafi Rafi on X or just D dot energy on a, that's their website.
It's got absolutely everything on there. So check them out. Shafi, thank you so much for coming
today. Thank you so much. All right. All right. All right. Well, that was a show boom, right on
dot 11. Oh, love to see that. Oh, and tomorrow I should be on. I definitely won't be on the dot. 11-0-0. Love to see that. And tomorrow I should be on.
I definitely won't be on.
Yeah, because it's 4 p.m. in Geneva.
So definitely should be on the show tomorrow.
It'll be fun.
And then I will be off.
I can't wait to be in Europe, man.
I need a change of air.
Fuck.
Yeah, we're going.
Let our listeners know.
Man, I'm going to be away for five weeks, brother.
It's a big trip.
It's stressful. How do you pack from? It's a big trip. It's stressful.
How do you pack from?
That's a good question.
First of all, I packed on Friday, so I don't have to deal with it this weekend or today.
Second of all, you have to pack different vibes.
You know what I mean?
Because Geneva, I have to dress really up.
I have to wear suits and shit.
But then I'm going to ship and back home.
But then Paris is Paris Blockchain Week.
So we'll be there at the Paris Blockchain Week for those of you who'm going to be speaking any other good stuff for video stuff this is more
like laid back crypto conference vibes then i'm going to lisbon for two weeks to work with our
team locally and also work on my move um so i got to work on that and then we're going to dubai for
token 24 now which is a different climate like shorts and t-shirts every day because it's too
hot you can't breathe so it's tough to pack for that tyler but you know when you're on the road like four or five months a year you kind of
learn like i managed to pack all of this in one suitcase in the tiny like you know my little carry
on so it's not bad right um it's not bad so yeah it's gonna be a lot but the show will still go on
um don't worry don't worry y'all mando tyilla. I should still be there for almost all the shows.
Just Wednesday and Thursday will be tough.
And with that, with that, with that, we'll see you all tomorrow morning.
10 a.m. Eastern Standard Time for another episode of FOMO Hour on Rug Radio.
Let's go. We'll be right back. .
