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Crypto Bounces back, Tariff fears alleviated, SOL trenches alive
Recorded: March 24, 2025 Duration: 0:56:10Space Recording
Short Summary
The crypto market is experiencing a resurgence, with Bitcoin nearing the 90k mark and several projects like Walrus securing significant funding. Growth indicators are evident as tokens like Bar coin and Routine gain traction, while strategic partnerships and upcoming token launches signal a vibrant ecosystem.
Full Transcription
Yo yo what up what up GM good morning good morning GM GM
What day is it?
Monday Monday Monday
I don't know that
Monday March 24th, 2025.
Look at that.
Another beautiful day to have a beautiful day.
I got my clothes in the house.
Tyler, Tyler, Tyler, Tyler.
Good morning. Good morning.
How you doing today?
I'm doing fantastic.
Had a nice little weekend.
Had some time away with the fan,
but also made a couple of trades.
Like now's the time folks,
just to start paying attention again. The
market's heating back up a little bit. Feels good.
It feels good. Yeah. Now it's like, you know, I would say like probably similar to what
you and I talked about last week. Like it's, it's, it's like, it's good to be cautious,
but it's good to be bullish, right? Like it's like the cautious, the bullish has been paying
off for us both, I feel. both I feel And it's doing well
But but yeah, it's it's nice. It's nice. It's
Plenty of buys I did last week definitely
Feeling better this morning. Also my sonic dips. I'm finally up on my sonic dip buys at some point I got so I just kept buying and I was buying I was buying I was like dude
This bleeding's got to stop at some point. It's buying buying, and it's buying, and then I stop buying. But it kept going down.
And I was like, dude, so I'm not gonna lie.
Working out this morning with the...
Because the alts bleed faster than the Bitcoin, right?
And they bleed harder.
So it felt nice working up this morning above all the dead buys for one morning. I think the first time in a month Tyler
So, uh, so it felt good. We're catching some good trades these days. So it's nice, but i'm sure we'll talk about this
Today on the show Mando Mando in the sunshine
What up Mando? Good morning
How we doing boys?
We're great
Unless I look up
So if I look at you guys and very happy love to see my boys if I look one notch up here
I want to literally kill myself
Yeah
There's a snowstorm
So still a storm. I'll send you video. I don't want to dogs like if I turn around camera
I go to Doc's where I live but like I
I'll send you a video after this on the FOMO chat
It's a full-blown snowstorm. I think it's gonna snow all week here
It's depressing
Yeah, I
Mean, I'm I'm pale right now. You should see Vanessa. She's fluorescent, bro. I've never seen my fiance this white
I was tired. Yeah, that's like baby. I think we need some sun
We're like it's like I feel like the Sun hasn't touched my skin since like Ibiza last summer.
It's tough out here.
Meanwhile, Mando is just like hosting outside of his apartment.
He's literally in the sun.
Son of a bitch.
Look at him.
Life is good.
We've had actually a pretty horrific, one of the worst storms,
Portugal's had in.
I heard.
Um, but, uh, I heard.
It's like 25, our team in Portugal was timing like they, so it's raining
for last month or so, like pretty, pretty crazy amounts of rain.
The last two weeks.
Um, really bad, really bad weather It's horrible because the weather system that
came through and last Wednesday it like destroyed like half of Lisbon. Oh god, great. Love hearing
that as I have like five weeks left to live in Montreal. This is great. A Funny story is one of our team members at the crib Stephen one of the writers British
Flew to Portugal the south of Portugal for vacation this past week, and he brought the storm with him
Matt takes you man's taking a vacation fucking, you know British rain is like following him down there was pretty anyway
So don't show today today. We got different title weather report for y'all today as Bitcoin is ripping You know British rain is like following him down there was pretty or anyways, so
Today today we got different title weather report for y'all today as Bitcoin is ripping Oh, baby, are we gonna hit 90k in the show? That'd be nice
Don't want to jinx it but definitely knocking on wood market report Tyler's top 100
I mean just some stuff we couldn't touch on Friday cuz we're back to that guess with Udi and Luca
But let's touch some of that stuff and whatever you got for us today, we can recap, et cetera.
No spins today, the Role-Bit LubeBlock spins
are Tuesday to Friday.
And then as usual, this show is powered by Galaxys.
Galaxys is a web 3 platform empowering creators and brands
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and Telegram Tuesday ahead of what's next.
Vando, you tell me what's next.
Who is the man back old daddy of a man?
Can you dig it?
GM everyone.
Um, so we finally feel like we may just not quite sure but we may be back.
Definitely nice that people are stopping looking down. I think there was a lot of that as we were
bouncing around this kind of 80k area. People feel better about stuff. That's from a macro level down.
people feel better about stuff. That's from a macro level down. So we had this really bad period
for stocks, which kind of reversed in the final few days of last week. I think if you just bring
up the Tesla stock chart, you'll probably get a better sense of how people have really been
feeling about macro. And we've just seen a bit of
a reversal of that this morning. The majority of that is to do with commentary around tariffs.
So Trump walking back quite a lot of what he said around some of the tariffs that were planned for early April, which was going to affect Mexico, Canada, Europe, China,
the UK even, we're going to maybe make it more targeted or we're going to avoid some of the
reciprocal ones. Number stock markets bounced decently off the back of that. Also, it's just positioning.
Bitcoin had dropped 30 percent,
Tesla dropped 50 percent,
a range of tech stocks dropped around 30 to 50 percent.
Hedge funds were the most short tech stocks
and they have been since COVID.
Retail has been the one buying.
It's interesting that we've got
this global short squeeze happening.
You can feel that in crypto.
This feels like squeezy in
the idea that the shorts are saying,
oh no, it will stop.
We're only going to go to this level.
But you just know there's just a little bit of juice in there. Like there'll
be pain if it gets higher. And I love that. The pain of the when you suddenly, I don't
know if you saw, but like, all the people who've been loud on the timeline, like, Oh,
no, I bought some yesterday. And since then, I literally laughed out loud when I saw that.
What?
Did you not see all the bears have basically said, no, I bought some yesterday.
Don't worry.
Oh, yeah, yeah, yeah.
I woke up this morning to like everyone who said they were sidelined miraculously.
Miraculously.
They all bought this weekend.
It's.
They're so good at this. They're so good at this. They all bought this weekend. It's
They're so good at this to be fair Arthur though to be fair to Arthur though, he called it well
He called yeah This time. Yeah this time around uh, because when you were when you were away that the week before that he actually that's when he was like
starting to
To flip so to be fair to Arthur he called this one, but you're right. The
rest of the bears are walking it back, man. Who could have seen it coming?
I still believe that a trip back to all-time highs is probably a few months away in my
opinion.
Yeah, fair.
But I can very much believe that we can go back and maybe remember 88k was the level
where was it, which was a resistance point for a long time.
And if we break that, then it would be, sorry, a support point for a long time.
Then it would be like 90, 92k.
It's clear that people want to try and run it up to that 90, 92k level and then we'll
see.
That was the old range, right?
It was this range. There you go. Yeah. I'd be surprised if we kind of go for that a little'll see. Yeah, that was the old range, right? It was this range.
There you go.
Yeah.
I'd be surprised if we kind of go for that a little bit, you know, that seems
like the obvious target for anyone.
Um, yeah, that's I think what would cause the most pain as well.
So I think we've got a bit of a short squeeze in global macro right now.
In terms of the stuff that's, that's looking a little bit rosy of tariffs, in terms
of the stuff that isn't looking as rosy, I would still say that the US AI story is not
looking as great. And that has driven a lot of the not just US stock performance, but
global stock performance. And that will still be questioned. There's no doubt in my mind that China AI and
robotics is seen as a bit of a shift in worry for a lot of these magnificent systems. So
I don't think we're completely out of the woods because that seems to be with us, but
global liquidity went higher. Bitcoin had, as we already said, Bitcoin had been outperforming, right?
So at least versus what you would expect from some of these.
So I think we're in a better spot for a nice bounce.
I don't think it's all time highs sort of commentary,
at least not for a bit,
but it would be really good to get above that 90k level and then
might hold that as support again.
There's billions and billions of liquidations at that 90k spot, Mendo, specifically 90.
I forgot how much, but it's like, it's insane amount of liquidations.
My two cares are Sonic and Bitcoin.
Let's go.
I love it when you pump that. That's what I move my Let's go. I love it when you pump.
That's what I move my JLP into.
I love it. What a day for us. Hey, Mando.
Sonic, I do like obviously having a good day today.
Avax is having a good day.
Let's pull everything up actually.
Solana is having a good day.
Solana is having a good day, man. Love to see that.
The trenches need Solana too well.
At the end of the day, a lot of people are still holding the Solana bag.
So it's good.
Yeah, a lot of, a lot of.
Coin like trenches coins are also having an all right day.
It feels like you've had a bar coin.
Far coin obviously led this.
It's interesting that like, I know it might sound ridiculous,
but like, we sold off all the meme coins sold off well before global macro sold off, right?
All of that was selling off in early Jan and getting destroyed, right? And, and Fartcoin was the first thing to move back.
Is it like the biggest leading indicator of markets out there that like it's Fartcoin,
like is Fartcoin tells you when there's a recession or not?
There's a clip right there. 18 minute mark. Boom.
It started moving and then it's on pick momentum.
You're like, oh, and then everything starts moving.
Everything starts picking up momentum.
Yeah.
Just pay attention to Farcoin.
Yeah, I love that.
What's the market's going to do?
It feels like interns, interns in the listen in the store right now.
That's your clip is Farcoin leading indicator of the market.
I mean, it's how much off the lows right now?
Nearly three X three X. Me. One hundred it's how much off the lows right now? Nearly 3X? 3X.
200 million.
Me, 175% pump up the lows, boys.
Hot air rises, you know?
Hot air does rise.
I mean, you know, I mean, I get laughed at a lot in the chat.
I don't mind if you saw a fellow partner laugh to me when I said that,
but I do think this year, Cali wanted to take the other side of my bet here.
He wanted to bet me 100 grand. I'm not going to take the other side of my bet here. He wants to bet me a hundred grand.
I'm not going to take the bet because I'd rather buy a hundred grand of Farcoin,
but he wants to bet me a hundred grand of Farcoin never sees all time high.
So 250.
I'm not going to take that because I'd rather put a hundred grand in Farcoin
if I believe that.
In all 5X, I'll make half a million dollars.
But do you guys think...
He can never win that bet.
Do you guys think that Farcoin returns to all time high? And by the way, the bet was until December 31st.
So this year.
Let's just calm down.
Okay. Yeah, let's calm down.
All right.
Let's calm down.
Okay. Okay. Dad.
I said this year.
I didn't say tomorrow.
I said this year.
Okay.
Even Trump is tweeting about his token again.
I think it's a time to
Attention you're seeing people who you're seeing shorts get wrecked
Which is so good. People would have absolutely got destroyed at least last few months, but they're not short. Actually they flip long
Yeah, exactly. Just bring up that fox coin chart and like how can you fucking trade that?
Exactly. Just bring up that Fox coin chart and like, how can you fucking trade that?
Let me bring it up again. Here you go. So nice.
Parabolic run up, parabolic run down, and then parabolic run up again.
Don't just hold it, baby. The true believers.
This is where I first started buying Farcoin. Like I thought I was late, remember? And $600 million.
Where I first started buying Farcoin.
Like I thought I was late, remember?
And $600 million.
So $5.875 to $7 is where I scaled a very big position last run up here.
And I wrote all of this here.
Um, and obviously, Dan Buttmore, I sold Dan Buttmore and I got wrecked a bit.
And Mando saved me.
Called me one day on 156.
He was like, listen, brother, we may be in for some trouble.
Uh, Elon dozed his own platform,
sadly, when he went to do that with the government. So anyways, on that note, well, 88, we pushed for
87 while Mendo was talking. That's actually wild. Hopefully we go higher. Let's go.
So, um, it's going to touch 90, right?
It's going to touch 90, right? It would be nice.
It would be nice.
Like it just feels like the squeeze is going to take, take out that and then, and then
we'll decide.
Then we'll decide.
I might take some, some off when I see 90 from last week's bias and see what's up, where
we go from there.
Anyways, we're back to like flat on Sonic now, right?
I'm more my last big, my size last buy on Sonic was 55 cents.
So it's not bad.
We're you know, so we're nearly flat, nearly flat because we bought what?
Seventy four, seventy two, sixty nine, fifty five.
We we just kept buying.
I was saying Tyler earlier.
You keep averaging down eventually.
You keep averaging down.
There was a moment a couple of weeks ago I texted Mando.
I'm like, brother, am I meant to like,
dude, am I meant to be worried today?
Because it was down like almost seven figures.
And he was like, brother, just hang tight.
Now we've got to weather the storm.
So we weathered the storm.
I nearly even bought more when I saw 49 Mando,
but I didn't have the co-honest for that.
I'm still working.
All right, you got muted.
You got muted.
You got muted. You made it. Can't hear you. I
Just said did it go to 49? I didn't even
It's the week you were quite busy. It went to 40 brother. It went to 39. I went to it went to 39
Yeah, like I just remember that's when I texted you that day
It's you were like busy where you are this weather and I was like
Yeah, like I was like wow, like I'm down like a million dollars what I do here. So I bought more
It's crypto, you know, I mean they said if you're gonna be buying all
Get ready to fucking bleed, you know, like Bitcoin goes down 30% your all sound 75%
You know, we were talking about this hyper liquids another one right like
Very good one looks like Sonic and hyper liquid are two of the strongest then both up about 50% from us
Yes, I'm whoa hyper's back at 17. Yeah, tell her you're in that trade now. I am I help through it all you've been Yeah, you've been holding this for a while
Yeah, so I've got first buy was at 9 head buys at 18. I've been, yeah, you've been holding this for a while. Yeah. So I've got first buy was at
nine, head buys at 18, I have a buy at 33. So I'm underwater on that one. I think I'm basically
break even at this level. Wow. Nice little V here. Yeah. I would love, so every chart's here right
now, right? Every coin's like at this level where it's like, it's ready to pop off or not, but we're
praying for the pop off. I need everyone to keep manifesting. All right, we all want to how's our pops doing?
There was a disastrous rune coin announced, but I thought was disastrous some of the people liked it
But basically they've been waiting they've been telegraphing block 888 888
Oh, yeah, I saw that all they did was launch season two
Even sell I'm just gonna hold the thing to zero but that was Bongo looking green Bongo brother. I
Alright, Tyler. Let's let's see. What's up with you. I
Won't come back to macro just for a second.
Yeah, go for it.
So like part of the reason why I feel like there might be a little bit of a
shift in vibes and we were talking about this, like the, the all in podcast
with, with Scott Besson, I think also that the lots Nick one had been starting
to go more viral, at least on crypto X.
And I had a chance to listen to the best one like the first 40 minutes or so yesterday and it was
reassuring to me, I think my primary takeaway is like that they do have a plan and
The plan is not to just totally rip the band-aid off and wreck everything like bulls in a china shop
They have targets that we want to meet over the next
Two to four years,
and they are going to take a thoughtful and slow methodical approach.
Basically, they want to reduce the debt, they want to deregulate to drive growth,
and they want to fix their national trade situation.
And hearing it live and firsthand from Besson was reassuring.
Yeah.
The thing that's good out there that Trump's just running in,
he doesn't have a plan and he's not showing on the China shop
and there's wrecking everything.
And that didn't really, it didn't really feel right.
But I didn't really have any evidence the other way.
But I think listening to Besson and his plan was nice.
Yeah, it got me pretty bold up. I don't know what price action is going to do for the next the other way, but I think listening to Besson and his plan was nice.
Yeah.
It got me pretty bold up. I don't know what price action is going to do for the next weeks and months,
but I feel it's like on a one to four year timeline, you got to feel a little
bit better now.
It feels like a big April 2nd is still a pretty big day.
I think they're calling it liberation day.
So clearly, but we're already seeing that they're clearly hyping it up now.
But we're already seeing that they're walking it back a little bit, right?
So maybe that was a negotiation tactic, but more evidence that they're not just coming in and directing everything.
So I thought that was a positive.
I do encourage folks to listen to that.
Yeah.
We also got snap federal elections called for Canada.
So that's happening in April.
So they, Carney's called for a snap election so that's gonna happen then. So you see Trump uh going
against the conservative guy here talking saying like he just said video about Donald Trump was
like well the conservative guy was ahead until I got in the mix and said that I preferred liberal
guy and now Carney's got like 55% versus 45% of the market.
It's going to win.
Well, he's he's he's preferred
at the moment in the markets, but
he's walking back all this stuff.
So Carney, I'm not a big fan,
but I'm not a big fan of either
because he was a person that guided
all of Justin Trudeau's financial
decisions. You know, he was the
leader of Bank of England last year.
Right. So he's the one who arguably put us in the shit alongside JT, right?
But now he's walking back all this stuff that he did with Trudeau.
So the capital gains tax, that was the proposed 60% tax.
He's walking it back all in a good way.
It's good for us, right?
But he's walking back all this shit that he said he would do.
So he just goes with the wind's blows, right?
Like he was an ex conservative guy and liberals
So he's like he's kind of like, you know, he's kind of like the bearers on the on the timeline, you know
He's flip-flopping. He's getting more popular at the same time. Probably have had some strong words against Trump
Obviously so defending his own country right because Trump came up against Canada pretty strong. You can't blame him, right?
And so now Trump is like fully against him.
He got a whole thing going on.
I'm curious to see what
I'm curious to see what's going to happen in in that world.
Anyways, Tyler, you probably got a lot of stuff to cover this morning.
Let's see what you got. For the NFT and crypto analysis.
Tolerate on FOMO, our calls to kids can't miss.
We're eating Bats and Bears.
Well, it's crypto majors.
Mega Green here this morning, up 4% to 7%
after news of tariff relief.
We've got Bitcoin at 88K, nearing 2,100 as well.
And Alt Render, Form and Sonic led Alt's era also had a nice day.
We'll talk about perhaps the driver for that here in a minute.
The Bitcoin ETF, six straight days of inflows,
totaling $785 million in net capital.
So the institutions, they are back buying again.
Fidelity filed for an on-chain tokenized money market fund on Ethereum,
likely to hold cash in US Treasury
Securities bit of a rival to Black Rock's Biddle token
Tether is reportedly engaging with the big four accounting firm to conduct an independent audit, which would be their first
We'll see if they actually get this deal done
Coinbase close to acquiring crypto derivatives exchange Deribit reportedly for huge
Should be one of the biggest deals. It would be the biggest. Okay. Yeah, it would be the biggest M&A close to acquiring crypto derivatives exchange, Deribit reportedly for four to five dollars
would be one of the biggest deals.
It would be the biggest.
Okay.
Yeah, it would be the biggest M&A
because Ninja traders last week with Kraken was the biggest
and it was the biggest web two to web three as well for us.
But this is going to be the biggest if it hits at 5 billion.
Yes, that's a blockbuster deal to watch.
We had US treasury in a hallmark move.
They lifted sanctions against tornado cash. I
believe back on Friday and
in metrics folks real-world assets passed 10 billion dollars on change. 250% of the year defile on the most posts about that
That's a major milestone met a planet added another 150 Bitcoin
12.6 million just a week after adding their trump to their board. And then this morning breaking news, sailor bought another 6,900 Bitcoin for 500 million big Mike back at it.
But the dip, hey, he did one of his,
his lower buys of the last few months in token airdrop and protocol news,
bear chains, proof of liquidity set to begin here today.
Market likes that so far.
Barrett is up mega ETH debuted as public test, hit 20,000 TPS on day one.
I've seen some positive sentiment around that. Another MegaEath developer
ported Torado Cash over to MegaEath. So now there's Torado Cash on MegaEath.
Farcaster launched a blockchain-like data layer called SnapChain, along with an
AirDrop offers program. And then Myriad new Pingu money markets tied to this week's Diamond Hands poker
tournament. We may have to look at those lines here in a little bit.
In AI news, market cap up 10% back to 7 billion leaders were all green.
Far coin is now the leader on that AI board, by the way, but Alchemy, ARK, Buzz,
Grift all up 30 to 50%. So some big green in AI.
In memes and NFTs, meme coin layers, very green. We talked
about SBX leading up 22%. President Trump did post about
that Trump coin on Truth Social. Just a 10% pump to $12 would
have expected a little bit more after the presidential tweets.
I'm not sure how to feel about that. Bar coin re-entered the
top 100 coins by market cap up 76% on the week. Actually, it's up even more.
It's at 590 million.
Then routine was the big runner of the weekend.
Got to 59 after that viral video.
It's 100 million plus views.
I'm sure we'll talk about that.
CryptoPunk sold several marquee sales, 420 to ZombiePunk, and two 3Ds at 128.
Now, as SEC Commissioner Hester Peirce said, the NFTs may be the next crypto
asset class to be these regulations potentially opening the door for companies
to fund raise via FTS. All right.
That was the rundown.
Imagine being stoner cats.
So she named them as an example.
So they had to like, we fund everyone.
Yes. Like what?
20 mils some shit?
And then you find out later that you're good. Do you think these projects like Sully SEC,
like I'm curious what the process is.
So it's like, they made you refund everyone,
they sued you, you lost millions.
Not that Storacast was a good project,
it started with fucking trash from day one,
but you know what I mean?
What happens then?
That was such a good one. Wasn't that like the closest example to a security that we had?
Oh definitely.
So that's what threw me off a little bit because like she does say like you can't
like function like a security like that will be you know still.
Yeah.
Overall good news though. You know after the Yuga stuff dropped and then this.
So just again, more good news, you know, because when these cases are dropped, they cannot
be reopened.
So it's really good.
So shout out to Xander for getting us that scoop from Hester Pierce.
So nice.
Thanks for MegaEath who basically did this, right?
Yeah, MegaEath cooked, they knew.
I mean, I really like, like I told you last week, we're like, we're exploring so many
different ways of doing what we want to do.
And I really like the Mega ETH thing.
So it's like 5% of the total supply of the token is going to be given to the people that
minted the NFT, right?
The Soulbound NFT.
I mean, I have it, right?
I have the fluff, I think you have one too, et cetera.
So I haven't been looked at just minted it, just hold it until that Mega ETH drops.
I think it's going to do well.
I'm excited.
We have a lot of catalysts coming out.
I was thinking about this this weekend actually because of mega ETH.
You have like Monad.
You have mega ETH.
You have, I mean, the reason why Mando and I like Sonic is because it's a fat airdrop in June.
So that is a little catalyst still like, you know, sell some injection.
There's a few other things, right?
It's not bad.
Wayfinder. Wayfinder. There's a lot of like, there's a lot other things, right? It's not bad. Wayfinder.
Wayfinder.
There's a lot of like, there's a lot of cooks.
Tari, there's a lot of cooks.
You know, Myriad is one of them.
Like it's just, there's a lot of things happening, right?
For those of you who may have seen
what man was launching Yeet, like you can farm that soon.
Like there's just like, there's just a lot of like,
like this is the perfect period, Tyler,
where like you want to like use apps and like test things. Cause like you could be heavily rewarded come summertime.
Like this is it.
And that's been our advice for like what to do via this. Like this, it wasn't a bear market,
but like this, this quiet period. Right. And now, and I won't talk about the story here in a second
from Wayfinder, but it's like now it's flipping a little bit into like a more bullish
environment for these potential.
Right. Like just a week ago, it looked bad. Now it's like, Oh,
maybe it's good again. And a couple of stores,
I wanted to catch us up on on this note from,
from Friday that we didn't have a chance to get into Wayfinder and the Kaido
effect, right?
Yeah. Let's pull it up. Hold on. Let me put it up again. Yeah.
Here you go.
Launched on the, the Kaido board smart.
They won the vote in 24 hours.
One of the more impressive voting rounds that I've seen.
I don't believe they paid anyone for votes.
I was a leading voter.
No one paid me.
So I just voted organically because I like wayfinder.
I do hold nice.
But the big news here is that after they went live on Kaido, they saw 100,000 new wallets. Wow. In just a few days. So like that is the type of yeah, we got to do that. I think you want like if you're Kaido like Kaido marketing team, like this is the type of stuff you want to push out. Right. I think they do. Right. That they do.
I'm just saying that's a pretty big impact from just a handful of days.
You also bought a million dollars worth of his tokens the other day.
Yeah.
You, you, as in you, the founder, not me folks.
I didn't know.
You the founder of Kaito.
Yeah.
I, uh, I love that level of personal belief.
And this was not using company funds, which I've seen people like share both
sides of buybacks, right?
Like you could be using that money to drive growth.
Do his money, his own money.
So that's just a bet that he thinks his protocol token is undervalued.
Right.
I like it.
And he set personal, he set milestones for things that they have to hit for him to be able to sell.
Like he wants them to have $50 million in revenue.
So, um, shout out to him.
I love that.
Would love to see more of this.
I think one of the biggest gripes against crypto protocol tokens is that, um, it gives
founders and teams kind of off the hook.
Yeah.
Incentives to continue building over a long time, you know,
what you see more in the traditional world.
So love seeing that from him.
He is a good the other big token story here.
I'm going to send you the link one second.
I mean, you either believe in your shit or you don't.
You know what I mean?
Yeah.
You got to like I have like Mandel over you and I bought like $300,000 worth of like
rug, radio, and FTS in like during the bear market, you know, in public.
It's like in the public wallet and it's just, you know, you believe it or you don't believe it.
You know, it gives me more confidence as a market participant to see if
who believes in their token.
Let me see what else you said.
Yeah.
What is this?
Oh, yeah.
Walrus.
Yeah.
One of our clients over on the decrypt side as well.
Walrus three big announcements this past Thursday.
So first up, they secured $140 million in a private token sale.
The funds are meant to accelerate the growth of walrus which is its decentralized storage and application development platform the round
led by some big players standard crypto a
16 Z and Franklin tipleton were involved if you aren't familiar with their platform
It does allow developers to publish read and program large files like AI data sets websites or blockchain history via smart contracts
Built on suite and written and move
The funding is going to be used to support protocol expansion,
maintenance and app development.
As they prepare announcement two,
for the launch of their main net on March 27th.
And announcement three, what comes along with the main net?
A token is coming too.
So the wall token is central
to the decentralized storage economy
and ensures stable pricing,
efficient resource allocation and network security,
several use cases in their eco,
including payments for storage,
staking for security governance
and a deflationary burning mechanism
to find long-term incentives.
As for the tokenomics themselves,
we do know a little bit,
5 billion tokens, 1.25 billion initial circulating,
60% going to the community,
10% for an initial user airdrop.
So expectations are high for this one over on SWE, big BCs like standard A16Z,
clearly betting on them.
I think stay tuned this week for more airdrop details to come.
And like we just mentioned, looking like a better market backdrop for
a potential token launch.
So this one's gonna have a lot of eyes on it.
Wow, love that.
Yeah, we deployed the decrypt side on there.
So all the data on the decrypt side articles.
That's why I remember the sponsor came on the show once
as well.
But for those of you curious, I forget when it was.
But I know they came on.
So I just know on the decrypt side.
I don't take care of it.
But I just know a lot of our data and articles
and all that stuff is on there. So it's good.
Warrish feels like one of those projects, protocols, companies that are going to have a lot of like big, big company.
Yes, but it's never going to be hype. You know what I mean? It's just like,
Consumers may not know it as well, you know, because of that. Yeah yeah they're definitely cooking over there it's not one of
those was like oh it's gonna be like the hot flavor of the day token or this but it's one of
those like where you know dude i i hope the partnership seem got tokens out of this shit what
anyways anyways um what's uh what else is new tyler i mean it feels like we have a lot to keep we have time it's perfect so it feels like we got a lot to cover what else is new, Tyler? I mean, it feels like we have a lot to keep up.
We have time. It's perfect.
So it feels like we've got a lot to cover.
What else is new?
Yeah, Megheth, we talked about that.
So their test net is now live.
That's the major hit.
I have not had a chance to play around with it yet.
It looks like the speed is there, 20,000 TPS.
Some of the firsthand responses I've seen
from folks who did play around was it is incredibly fast.
And we had Bread Guy on the show a while back.
They are looking at targeting real time apps
because they have the speed to enable that.
And I think there's gonna be a lot of eyes
on this one as well.
They're building some positive momentum.
I'm hoping to have a chance to test out their test net here
later this week.
Let's see. Do we want to pull up the myriad board? Some of those news. So what 10,000 unique traders milestone got hit this weekend? Yeah, we hit that. We're working on the new
metadata base for the total users, but we're nearing 400,000 in terms of like points and,
and the whole thing. it's actually wild so I
thought I have to serve query is that doing dashboard because we're fixing a few
things for our own dashboard but we're like 15 to 20 KD use so every single
day it's like over 12 to 20,000 people that use myriad it's I was digging in
this weekend it's it's pretty crazy I I do wish we would ship markets a little faster into the USDC. So we're working on that internally, but um, but
But you know, it's doing good
And then so we have this diamond hands for those of you remember doing NFT Paris. We did this poker tournament
I cooked everyone so I don't know if y'all want to back the best horse, you know your boy
you know Tyler cooked on for rope, you know
And uh, and so yeah, we got we're running it back this week wednesday at 12 pm eastern standard times live stream on abstract with our partners
I wear a social poker
And so it's gonna be for oak versus kbm who profits the most if you bet on kbm
Just know that you're betting on the bear
Would you guys bet on the bear? I don't think so.
And then Lucanets versus Wizards,
so who profits most?
There's gonna be more markets to come out,
but there's a few fun things here, Tyler.
Already a couple million Pengu wagers.
Last time was what?
I think it was 7 million, 6.9 million actually.
Pengu wagers, so it's not bad.
Hopefully we beat that this time.
Yeah, I'm on the side for Oak.
Once again, I have to bet against KBM.
I'm going to, that is a fact.
I'm excited for this.
I need to take a look at the hand lines.
Once again, I hit one of those in round one as well.
You hit, yeah.
Um, and then I'm going to do my own horn.
I had a nice little, uh, it's not resolved yet, but it's looking good in the USDC market.
So when we didn't start bleeding out at 5pm last night, I took the yes side on fear and
greed.
Oh, whoa.
What a shot.
Yeah.
So I'm up 100%.
So I could exit that right now for a clean 100%.
I think I might just get greedy and get that last 10%.
So it looks like I think you're It's 36. It's a 45. So yeah, it'll be like 50s tomorrow, I think.
And that seems to mirror like the sentiment right now. I mean, you've got Ansem who's one of the
louder bulls in the timeline. He's apparently long as of last night. It changes the sentiment for
real though, right? When the big accounts like Arthur and on some were the two big accounts in big influencers in the way that were the most bearish at the top
To rightfully they actually did call it Pico top
And so it does affect market sentiment
And then everybody else piled in right? We got cautious everybody else got bearish. We're always bullish. You mean Mando, but we still got cautious.
Sentiment is good now, you know?
So there's that.
This one's too, fans. Free money.
Jesus.
I didn't have the stones for that one, but that's looking really good.
So, yeah, do we know what we're going to get this week or is that still?
More money markets like that.
Just more prices.
The F1s were funny this weekend again.
Ferrari, but both got disqualified.
Both cars.
I just love that one market.
I want to run it every single, every single, um, yeah, times the F1 races.
Will Ferrari podium?
Cause it's two races in a row where they actually rug
And people like fuck it's so good, but yeah, I'm not sure I'm gonna get with the team after this at a lot
Like noon today and we'll see what else is coming
Nice looking for that
In the meantime, there's a little bit of meme action on the board. So if you want to pull up decks, so we're gonna hold on
This is insane. By the way. Speaking of memes,
Sarah Toga stock is up a billion dollars based on the video.
Yeah. It looks like little moon. Uh, well it's time to do tweet that. Yeah.
He stole my tweet. Oh yeah. I think that's my screenshot.
Classic bro.
He does it every time, every time.
You know who's first.
Don't worry.
Every time you go down a little bit.
Where is it?
There it is.
Every second price.
Yeah.
Okay.
I wonder where you got that screenshot every time.
Does it to us every time?
Anyways.
So this thing is having some real.
I think the stock is, yeah, stocks
going up about a percent now, so it has gone back down.
But this this guy Ashton is his name.
I forget his last name.
His video, arguably the most.
I think it is the single most viral video of all time.
I have never, ever, ever, ever seen this many. Where is the video? I want to find
the original. Six. We gotta get this to ability views. It'll get there right.
Oops I didn't mean to repost it. Four days old.
It's funny because I saw this video like a last month and just recently blew up
It's funny because I saw this video like last month and just recently blew up.
Like it came out a while ago, right? Okay. I know this is maybe like a different iteration
I don't follow this guy. So I I don't know but
He mega viral 680 million views
I think that the classic parts of it are like when he's diving and it's like 7 a.m
People have been using that meme. The president used it.
The water response.
The Saratoga water is flying off the shelves now.
I looked at this meme coin attached to this.
I saw that on your, I didn't even know.
I didn't, I thought about it.
I was like, ah, and then I saw your tweet.
It's crazy.
So I'd seen this meme and then Saturday morning I'm at the desk having some coffee.
I see Clemente tweeting about this. He's talking about how it's gone parabolic to 1.5 million.
I instantly chirp him about how 1.5 million is the new bar for
being parabolic.
I was like, this is dumb.
This video doesn't need a token.
But then I bet against my intuition is like, usually when I
think something is dumb on a Saturday morning,
it runs for the whole weekend. So I bought some to next from 1.5 to 15.
We'll see if anyone to buy this, but it,
it was an example of some opportunities back in.
Did you see Jakey's? He's at 50 million views.
Yeah. I hate giving them airtime, but it was a well-done video. It was pretty fun. So let's see it. I haven't bought it. I haven't bought anything.
Um, but let me see.
Is it this one?
The token came out Friday night. Like it was viable at 50 million, 50k rather. It was viable at 50k.
For a few hours. It was 500,000 Saturday morning. It was used. There were several windows to buy
this thing. Oh, you see pump swap now here. We got to talk about that after that. But wow.
Look, you see that? I didn't. I have not seen that yet. Look at that.
Pump swap.
Oh, wow.
So this is one of the first runners on pump swap too.
I've never seen that.
Look, it's first, when you look up routine, the first result here is pump swaps results.
Speaking of which, that was on Friday.
So we had to skip your topics, but that's a big deal.
That was one of the single biggest stories. Kind of, we get to skip your topics, but that's a big deal.
That was one of the single biggest stories. I'm pulling up the dune dashboard to see if there, if we've seen a revenue spike,
but pump fun, they introduced pump swap as their own native decks.
So they tout new features like instant migration, lower fees,
creators are going to potentially have larger cuts of their tokens and more liquidity.
So this is a huge deal. It has to be there.
Raise finished part finished big, you know, thesis for radium was that all the pump fund tokens were going to the pools.
That inspired a little bit of back and forth on the timeline.
The radium team said, basically, hey, we tried building this for you six months ago.
They didn't want it. Well, maybe I get it. But also like, I get it. Like if I'm making,
if I'm business made $600 million this year, why would I need to outsource it? Yeah.
You know what I mean? Like I don't need to be a dick, but like, I'm not outsourcing my prediction market platform,
building it in the house.
I mean, like, they have infinite capital.
Why would they need to outsource anything?
They made $500 million.
Yeah.
600 million probably by now.
So it makes sense for them to launch.
I think one of the more interesting aspects are going to be this creator
incentive program. So we, we, and what we've seen from pump, fund rivals and competitors who have
been spinning up over the last few months is different types of bonding curves, giving creators
a little bit more control over tokenomics for their coins and then different types of incentives
to try to change what most folks would say like the current pump fund model was you just want to
launch as many coins as possible and get out and this might even be incentivized to effectively
rug their tokens because yeah like what whether one of the competitors like the pumpkin team is going to do is you
as a creator, more fees, the longer a token lasts and the higher it goes.
So effectively incentivizing you to run a token like the right way and actually have
it succeed over a longer time period.
We don't have exactly what pump swap and what those creatives are going to be. But
I am curious. My read is Alan and team what their competitors
are doing. And if it makes sense, like they're just going
to build it into their own platform, basically is my read.
And do it. So I got I don't. Like I was chatting with Jeebs.
This is great. People are making the comparison. This isn't him of pump fun to open sea. I
feel like pump fun is going to be around. I think they're going to be there for a while.
It's hard. It's always hard to predict to the newcomers, but I don't know who's going to displace them anytime soon.
Yeah, me neither.
I mean, I've been saying this forever too, but it's just like, dude,
like every single copycat didn't pick up.
Like even Dex Greener has moonshot or all the other, nothing picks up.
Like I think the reaction of radium to create
that, you know, is it's kind of hurting, you know.
It's it's really hard.
And yeah.
I think they're most just going to get bigger.
I mean, maybe not.
But maybe might be the wrong word, but I just think they're going to continue
to build out
their platform.
And as long as it's good.
And like, I don't want to throw shade at OpenSea, but I feel like part of the criticism against
OpenSea is they had the big lead and they didn't really do much with it.
They kind of, as is for a while.
I think that's fair criticism.
Pump Fun is showing like, hey, they are going to continue pushing forward.
They could have just sat on their hands. They could be on the islands right now with all the money they've made. Um, pump fun is showing like, Hey, they are going to continue pushing forward.
Right? They could have just sat on their hands.
They could be on islands right now with all the money they've made.
When is the open sea token coming out?
It's a billion dollar question.
Like it's all better for that.
Oh my God.
I'm down for it.
Have you been trading much on open sea?
I have not treated shit and then empty space. Um, I haven't been trading much on open sea I have not treated shit and then empty space
I haven't been trading
I've only made a trade in forever. I tried to buy some please because of you and about the top
My bad. No, it's okay
Hopes for that. I I'm surprised this one hasn't bounced at all on the way down here. It's because the meme kind of died out
This one hasn't bounced at all on the way down here. It's because the meme kind of died out
But I lost it, but I cut it I cut it like 26 M. So like what okay? Yeah
Yeah, I was like this is not like I stopped seeing memes on my timeline and I was like, okay
This is finished like this is it. Yeah, I bought a little bit and it's like, okay
I bought like 38 mil like fucking maybe goes like I put nothing is like 10 grand
I was like, maybe don't go to like 80 mil double it whatever like it was stupid
And I knew I was buying a cutout right is like fuck it
So as soon as I was down like 35 40 percent, I was like, I'm good. Like I'll just I'll just take my loss here
I don't care. Oh
Yeah, whatever just name of the game. You know, I mean
There's so many places to me, but I bought a size Solana last week. So it helps.
I think we're looking good here.
I don't know.
We'll see.
Hopefully, to give handsome some credit, I got a lot of people to throw them under the
bus.
He nailed the Solana trade.
Yeah, of course he did for years.
I mean, better than anyone, right?
Yeah.
So him firing back into, 140 was his number.
He wanted to see it close over 140.
It did. And he got back in.
I think you have to like that for just from a
from a trader perspective, if you give weight to his opinions,
then I think you have to you have to like that.
Yeah. Every coin.
I mean, the thing is, you know, we talked about this United weekend,
but like everyone's asking, so was that the bottom thing is like,
even if it wasn't, you're like sweeping those lows again, like, dude, how slower do people want it to
go? We had a 30 plus percent retrace on Bitcoin. We had a 60 plus percent retrace on Solana.
We're 50% plus retrace on ETH. What do you want? Like what more you guys with 55 percent retrace on Solana. We had a 50 percent plus retrace on ETH.
What do you want?
Like what more do you guys, we had 55 percent
retrace on Tesla.
You have like a 10, 20 points on SPX, Nasdaq.
I didn't really follow that, I thought it was down bad.
Like what else do you want?
Like Altcoin's never even got a pump to start with.
But even the ones that we bought, for example,
I'm in Sonic, that was down like over 50 percent as well.
Like what did you, what did you,
Farcoin from 2.7 billion to 200 million.
Over 90%. It was 250.
Like Minkos went down 90%.
Like how much slower do people expect this to go?
Like, yeah, sure.
Like I'm not getting, getting bulled up.
I'm cautiously bullish still.
I'm not changing my stance on the cautious,
but like still like, bro,
how much slower do people want this to go?
Tyler? I don't get it. Sometimes like, hey, do you want to go lower?
So you want to go into your bear market right now?
Like is that what people want? Like sometimes I wonder.
You always confuse me. My gut read is it's more likely that we have bottomed than not.
And I can't predict day to day price action, but I position that way.
I mean, I was buying assets through it all anyways, because I didn't think we
were going into a multi-year bear.
But I'm just glad I managed to catch Solana slightly under 130.
So I'll get, you know, it could go back there tomorrow.
I'm so I'm not selling it because it's good.
I have a good entry now, You know, like I'm happy sold most of it above 150 because I okay, that's enough.
And you know, go back way lower.
So very happy about that, you know, and yeah, I didn't get 113 because I was scared
that day in Max fear on the timeline.
So yeah, no, like I'm not the guy like Ovi buys those dips, you know, like
always good edition like Ovi will buy, like he'll see negative 60% and be like
fucking I'm all in. I don't have that in me yet. But you know, by the negative 45%
and he might finally be back up. Is it? How's our house? How's the cookie dough fund board
doing?
It's great again. So it's back to seven billion seven billion.
It's been never really left at five and a half, like five and a half.
And that's like four point eight was the lowest, but like, you know,
it is somewhere.
I don't know if I totally trust all their numbers.
But it's a good sentiment kind of aggregation.
Like it's a good idea of where we're at. Right.
I'm not personally ready to say like, let's all jump headfirst back into the AI
trade. No, I want to see a little bit more.
Ooh, tough.
Yeah. What's the I 16 Z?
I haven't followed it at all, dude.
Zero. I've been following.
I think 9 20.
How much?
It's this. Quite've been following anything. How much? This?
Quite a bit. Yeah.
Well, I think what you want to see here is similar to like the
Far coin chart where you see a longer bottom and a little bit more of a curl.
I know.
Really started aping into this.
It's hard to buy this. How's the Muradlis going? Hold on. Let me see.
Probably good. It's hard to buy this. How's the Murad list going? Hold on. Let me see.
Probably good.
It's not bad.
So SPX is the biggest one.
So you want to see this right?
When your memes, usually you want to see this on days like today.
Um, how's Mark doing?
210.
Okay. That's so green, but they're all, all the charts look like that.
But it's just, you know, it's rough for everyone.
So that's the thing where people are like, you know, did we bottom like, yo,
the biggest meme coins did this. You know what I mean?
If you think Mark's going to make it, then it's a buy here.
Well, for me, Mark may make, become a multi cycle coin after the cycle.
Yeah.
Because they've survived over almost actually knock is going to be two years.
We're almost on two years on the block. Um, Pepe, dude,
if you believe Pepe was the corner of the cycle,
you could have caught it $2 billion last week,
two billion for Pepe.
So Pepe is the next mog basically right now, 3.2 to 200.
What do you think 10 to one spread usually? I don't know.
Feels like it's a 10 to one ratio. I'm a big spreads guy.
Big spreads guy.
I like that.
I like to track these spreads.
How's the Melania Trump spread?
The what was the other spread that I was in your
Tesla? That's your spread.
Oh yeah.
Tesla.
Those are those are like one to one.
And so money. What was the other spread that I was in your your eat Tesla that's your spread. Oh, yeah eat Tesla Those are those are like one to one
And so money unlocks, I think I've started I don't god this is disgusting
I don't I can't look at that coin as PTSD
That's good Trump
Yeah, Trump posted on to social
Okay, basically like loves the loves.
What if, though? Just what if the thing here is this thing is only two months old.
How wild is that? Doesn't it feel older than that?
It feels like years.
I mean, it's been a rough two months since.
Right.
We've been we've been through some things.
Let's just say that.
The unlocks start in one more month.
So you have to have those unlocks.
You can't have a usually like a pump to unlocks, no?
That's a big, big day for that token
because if it can get past the unlocks
without the second mega dump,
I think that's kind of give folks some confidence.
And guess what?
A lot of people are still in that coin.
So there's going to be a lot of potential people rallying.
Maybe the flip side is there's going
to be a lot of people looking for any pumps to exit.
There are a lot of people in that coin left.
You're right.
How many holders do they have?
Do you still have the chart up?
I can show you.
I can show you the holders.
Hold on.
Well, my holder scan is old.
It's got all the...
What's MLG at? I'm curious. I'm not even trying to...
Sorry, because I have it open on that holder scan.
Wow, you're fard coins are such a good organi- but see all three of these?
This train only runs one way.
Only- but see even Mog? We're talking about Mog just now.
Holder base, Pepe. Fard coins though. Wow! Only but see even mogwur to what mark just now holder base pepe
fart coins though. Wow
Wow, uh you asking about trump, right? Let's see trump
Well, I just tried to levitate into a fuck uh trump trump trump. Well, I mean what's the ca hold on well I'm just seven million. Fuck
We're gonna see on backs
Yeah, boom There you go block. We can just see it on the X. Yeah. Yeah. Yeah. Boom.
There you go. 650,000. Yeah.
So I saw a little bump. I mean, how many did it gain? Again,
600. Okay, that's not too much.
Yeah, 600,000 holders in this thing still. So there may be
some outs left. I'm not, you know, that's not my thesis to go by Trump right now,
but I'm just saying you might have some outs.
Yeah.
I mean, that far coin holder growth.
Absolutely wild.
Love to see that.
Wow.
Look at the daily growth here.
That's holy shit.
That's impressive.
Honestly.
I mean, dip, dip tweets a lot about him. Of course, he's like the biggest bull, but he said like, but you got to respect that, right? Biggest bull at the lows, biggest bull at
the highs, biggest bull at the lows, biggest bull at the highs. Like you need those people.
Like every meme coin needs like one champion. The last time we were at this level, it had $35,000. Now there's $125,000.
Wow. Impressive to say the least. Also even the Billy Betts one, they were on the show last week.
Sometimes almost 50% since. Nice. Yeah. I love to see that.
I wonder how that's going to be. Yeah, I'll have to check in with those guys.
Yeah, love to see that. Anyways, all right. Well well look, I think that was a good roundup, Tyler.
I think we went around the horn pretty well. Love to see that. And we'll be back tomorrow.
Same time, same place with the roll bit loot box from Tau. That's all for tomorrow morning. 10am Eastern Standard Time
for the episode of Foam Hour on Rogue Radio. Let's go. So ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប ប Thanks for watching!
