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Crypto holds on to Gains, US may reverse Biden BTC sales, Tesla leads bounce
Recorded: March 25, 2025 Duration: 0:55:23Space Recording
Short Summary
Recent developments in the crypto space include the launch of new projects like Barra chain and BlackRock's Bitcoin ETP, the introduction of new tokens such as Trump's USD1 stablecoin and Mintify's Mint token, and significant fundraising efforts by Crackett. Strategic partnerships, such as Trump media's collaboration with crypto.com, and trends like the approval of USDC in Japan, highlight the evolving landscape. Innovations in AI and substantial trading volumes on platforms like Pump swap further underscore the dynamic nature of the market.
Full Transcription
Yo, yo, what up, what up? Good morning. Good morning. GM.
Tuesday.
March 25th.
2nd25.
Ooh, 425, 25, look at that. No, 3, 3. March is the third month of the year.
Mars 25th, 2025.
Look at that.
Another beautiful day to have a beautiful day.
I got my coast in the house.
Tyler, Tyler, good morning.
How are you doing today?
I'm doing great.
Sun's shining.
We had a green Monday for once
and what feels like two months or more.
And we might be able to run it back here today.
It looks like things might be reversing here this morning.
So good day.
Both said sun is shining.
Ouch.
Ouch.
The sun is not shining here.
Yeah.
Okay.
There is no sun.
I love you.
I mean, it's snowing like crazy right now.
I really can't wait to leave.
People ask me, like, yeah, why are you leaving?
I'm like, have you seen the...
Look at the sky.
Oh, man.
It's good.
I love that the sun is shining.
And Amanda's going to pull up at some point.
Any minute now, he's going to be like, oh, stop it.
Too much, you know, class.
He's looking at us like this.
Like, oh, there's too much sun.
Oh, my God.
It's too much sun.
Oh, my God.
Yeah, the sun is not turning.
Yes, breezy snow.
Yeah, it is crazy.
I mean, we always get this, like, end of March snow, but, like, not always.
Like, there's been a few years with, like, the climate change.
Like, it's very real here.
Climate change.
And so it's been warmer.
But this year is, like, a real winter.
Like, a real, real winter.
I haven't seen a winter like this, like 20 years living here.
So, anyways, you know, it is where it is.
But thankfully, I'm getting fucking out in a few days.
So that's what's up.
Anyways, the other show...
Today, today, market report.
We're looking green like Tyler said.
Let's hope we get some more green today.
That would be really nice.
Um, yeah, I could, I would love a nice little squeezy, squeezy, uh, over here. Um, and then Tyler's top 100, which is almost going to become top 1,000 again.
Because it's like things are moving, man. This is news galore. It's definitely news galore. There's a lot of stuff, uh, going on here. Uh, robot loot box bin. We got, whoo, nice, nice box. I made, I did it early this morning.
there's like 8% chance to win a pudgy and 1% chance to win a punk it's like there's a pudgy in a punk today
fuck it let's ball and some right guys as usual red guy which by the way that's floors up love to see
that there's some new flavor love to see that on abstract
And then last but not least, this show is powered by, powered by Galaxis.
Galaxis is a Web3 platform.
I don't know it by heart.
It's a Web3 platform empowering creators brands to build unstoppable communities with full ownership and independence, trusted by icons like Donald Trump, Steve Oki, Mike Tyson, and the NBA, shaping together the future of engagement, but also
Wallet Connect. Wallet Connect is a connectivity network shaping the future of on-chain U.S.
If you've connected to Web3 app, you've seen WalletConnect.
That blue logo is 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.
Since Mandel is not here to tell me what's next, Tyler, you are going to tell me what's next.
For DRIFFT and crypto analysis.
Tyler Dean on FOMO hours
The kids paying this.
Great a bachelor's bears.
Folks, crypto majors slightly red here this morning after a big Monday rally, Bitcoin down about a percent, 87,500,
Heath hanging out 2060.
Salon actually slightly green at 1.45.
We had Barra, one of the top movers on the day in all after Barrett chain officially launched as proof of liquidity,
staking incentive system yesterday.
Those Bitcoin ETF inflows, folks, seven straight sessions of green.
Wow.
ETF buyers are out now in late March.
Folks,
the Trumps are getting deeper and deeper into crypto.
So Trump media has partnered with crypto.com to offer crypto ETFs to be live for trading on crypto.com when it's available.
And then Trump's World Liberty Phi officially launched their stable coin USD1.
on Ethereum and B&B, though.
I'm not sure it's yet live for trading, but it likely will be here soon.
In other stablecoin news, Circles, USDC, became the first stable coin to be approved for use in Japan,
first and only stable coin in Japan.
So big news out of circle.
Crackett is working with Goldman Sachs and JP Morgan to raise up to a billion dollars in a debt offering to support continued expansion.
for their exchange.
We had BlackRock announced the launch of a Bitcoin ETP for Europe going live today.
And then breaking news this morning out of BlackRock,
their Biddle token is expanding over to Solana.
Huge news from the Salana ecosystem.
We also saw Sam Altman and their World Network in talks with BISA for a stable coin payments wallet.
So a lot of stable coin news again here on the day.
An interesting stat.
And perhaps we can get into this later in the show for Oka,
Crypto ETFs gaining massive popularity with U.S. financial advisors, 57% planning to add to crypto ETFs this year, only 1% looking to take some off.
In token, Airdrop and Protocol News, Polly Market enabled Salana deposits for the first time, though trading still in Polygon.
Mintifies Mint token launches later today.
Almost 15% of the tokens allocated for user AirDrop, Shape, the Shape L2, they teams plans for their own Shape AirDrop.
coming soon as well.
We saw movement announced plans for a $38 million buyback
after Binance investigated one of its market makers.
seemingly under the team's control who were selling aggressively launch.
Then the Arbitrum doubt during a gaming catalyst program proposal with 225 million
Arb tokens on the line.
That's $88 million.
So substantial.
And AI memes and NFTs.
AI market mostly chopped on the day.
I think the big news was AI 16Z announcing an imminent upgrade to Eliza OSV2 with cross-platform
agents, autonomous workflows, evolving intelligence.
And more, the Machinichin shook it off.
So that kind of gives you a sign of the times here with AI.
Wow.
Imminent.
Move the token.
In memes, meme coin leaders, we're pretty green up about 3 to 5% across the board.
The bigger news is out of pump funds pump swap.
Their decks, $540 million in trading volume.
That's third overall across all dexes and 25% higher than radium.
And that's been live for about a week.
So they're already seeing substantial volume.
In NFTs, punks swept to 42Eth.
87k closing the punk bitcoin spread to within about a percent here you love that spread don't you
love that spread and then taproot wizards there mentioned later today big day over on bitcoin yeah i think
the white list in it yesterday shot to ooty should we post that thing yeah that spread is getting
closed that spread is getting closed movement labs man i only hear about them when there's drama
Every week it's something else with these these lads and black rock. I mean that hydrolybra
Hydro Libra you know black rock is coming to acquire tokenized Argentina on the Solano
blockchain wow love to see that you know they were like fuck it we can own another country
in the form of a tokenized you know a token on Solon and SPL wow sign me up anyways mando
See, we called it.
He'd come in with sun fleshing in his face and all that.
What a flex, dude.
You're just flexing him into stage every morning.
Fucker.
How you doing?
Great.
How are things for you?
Fantastic.
Fantastic.
Green is always good, right?
Yeah, I guess we're still green from yesterday, right?
It's like been a bit more like we didn't touch 90K, but we came close.
Yeah, so long as green again.
We'll take it.
We'll take it. We'll take it. We'll take it. We're looking good. We're looking good.
Where do we even start? I mean, let's start with the market. I mean, Mando, have you been able to follow my?
I know you're basically. You guys, you guys are you, you got a lot going on there.
Not a lot to share my affiliate link yet. I got yada yesterday. The yeat team didn't like it.
I shared my affiliate link yesterday. The yeet team was like, yo.
You can't even get on the site, dude. So.
Yeah.
I can't wait to play coin race on the show.
Dude, that one's fun.
Tyler, you try that one?
I haven't tried yet, but I've seen the previews, the teasers, and it looks like a game that's right up my alley.
You're going to love it because they have fart coin in there.
It's like, fart coin.
Oh, baby.
Oh, yeah.
That was a lot of fun.
I've been very busy.
But, yeah, the market's looking okay here.
Like, it's good that we held onto the gains from yesterday.
Yeah.
Still feels a bit squeezy across
across global markets, right?
We've seen stock squeeze back up.
NASDAQ still squeezing higher today,
even after a good day yesterday.
Yeah, look, the real paint trade is just like another day of squeeze.
I don't, I think you're quite a lot of juice to keep on going here.
So, yeah, I think, I think that would be...
I think that's my base case here is that we still are heading towards 90K.
And I think stocks could continue to squeeze too.
Yeah.
I mean, we're looking good, guys.
We're looking good.
Where do you see how many liquidations again there are?
Like, how much money is just getting liquidated like 92K?
Coin glass.
Coimglass shows you the amount?
Yeah, normally.
They have a heat mat.
Because I know it's a lot liquidations here.
What is it?
Short.
Is that where you go?
No, that's something short.
Like, if you take up the heat map liquidation, you see there in the top row.
Here.
Yeah.
I guess it does tell you how many liquidations have been.
24 hours, 180 million of liquidations.
Wow.
Higher.
It would be nice.
And these aren't even all the figures, right?
Because Binance doesn't show.
Yeah.
Interesting. Interesting. Yeah. I mean, the market's looking really strong guys. Honestly, I was looking at last time I was like, guys, it's going to be sustained because you know, secondly you start pumping like everybody goes max long and then you're like fucking and ruins the fun. But.
This morning woke up and it seems like things are on the move again.
So that's quite amazing.
Anyways, okay, well, the market is kind of unchanged from yesterday.
It's not much to talk about.
We're still feeling squeezy and macros are looking good.
Like my under saying, so on is 146.
Bitcoin's in 876.
Eth is above 2K.
So you'd love to say it's holding that in direct.
Right.
I feel like, poor Heath.
I actually have a question for you, too.
Arthur Hayes tweeted yesterday because we're probably going to open a market on that.
He said, $5,000 Eth before $300 soul.
Who's with me?
What do you guys think?
I'm curious about that one.
He's always been a bit more of an ETH guy, right?
Yeah.
He's been largely involved in a lot of like the D-Fi stuff and, uh, which has been more
of an Eth, Eth trade.
I don't know.
Maybe, uh,
I would be surprised if he goes to 5k before Sol goes to 3K.
But yeah, maybe they both don't get to either.
That would be Max Payne, right?
Yeah, I don't know.
I don't know if that's good for a myriad market bet, you know?
Well, that's why you've been there for like 10 years.
Maybe we open like 250 and 4K, you know what I mean?
What is Bitcoin in this scenario in this magical scenario where Heath gets to 5K and or sold as to 300?
Like what Bitcoin level do you have to have?
It's got to be at least.
I mean, last time Seoul went to 300 almost was 290.
Bitcoin was 110.
Yeah, but that was also in like the most possible extreme bullish soul scenario.
It's hard to see another catalyst like that.
Right.
Yeah.
It's possible because it's hard to rule it out.
Yeah.
It would be a more gradual grind up this next time.
Bitcoin goes back to 100K.
What is our e-target?
I can say we squeeze up.
We have a great rally in the mid-April.
Bitcoin goes back to 1.
2,300?
That's probably where I'm at.
That's a tough one.
That market would take too long, I think, guys.
This is a tough one.
I think what's the chat saying?
ETH3K, sold to 200, $2,000, $3,000.
It's a great engagement post for sure.
I mean, he's got 600,000 views on it.
I don't know.
Sure.
I mean, it's just on the straight numbers game, right?
It's a 2X move versus 2.5.
Hmm.
You have to factor that into a degree.
Yeah.
I don't know.
This is actually a good one.
I have to say this is actually a tough one.
I don't know what to say here.
I feel like if you put this out, it would be 75% of people would be on the sole side, if not higher.
Yeah.
I think that, yeah, I think we'd have to set the line of like 4K because that's the high that Eath hit this cycle so far.
It's a more fair line, maybe 4,200.
Just do, like, if you did the exact, like, 2X from here...
Yeah. I would do like that's for 4k 250 probably as a market.
We were talking about this morning in the Slack and like should we make a market based on this tweet?
I don't know.
I just think it'd be up all year, wouldn't it?
That's no, that's the that's the concern, man, though.
It's like it would be up for too long.
You know what I mean?
So anyways, that was fun.
Look, there's not much much to talk about the market-wise.
I mean, it looks like we're going to keep squeezing.
Please, for my bags would be really nice.
So Amanda looks, Amanda's bullish.
Love that.
It was very bullish.
How's our, how's our favorite chart, the M2 Global Equity doing?
How's that doing?
I mean, it's going higher.
Macro, I mean, this week, I already said, you know,
it's a little bit quieter this week.
Yeah.
I think we'll get the only real big stuff is on Friday.
We have GDP on Thursday, but Friday would be the bigger one.
There was this what the wild story yesterday was really about.
the group chat getting leaked, which I thought was pretty funny.
So do you guys think this is like meant like, did you guys like for context for people who may not have followed?
So there's a leak on the Atlantic of a group chat on signal with JD Vance and like the secretary of state or whatever, like the chief like the big guys, the big guys in US government where they added someone into a signal group chat and they're talking about war in Yemen.
and how they're tired of bailing Europe out.
So Amanda, do you think there was an accident?
Like accidentally added a journalist that hates Trump in a signal chat,
the boys chat to talk about war.
I don't even know how that happens.
Yeah, like it's a very straight because it was apparently invited by Waltz, right?
So I don't know who they were meaning to add is the weird one.
Oh, what do you think?
Yeah, a bit of a fumble, I think.
I don't believe the conspiracy theory, basically.
I think it was just because Hexeth might lose his job over this, right, as well.
I mean, he's unlikely to, but the fact that he was sharing that sort of information
of like strike coordinates with people who didn't really need to know that.
He's been criticised just as much as Waltz has, really.
If I had to like put money on a bet,
if it's real or not like a real mistake or if a setup,
I would probably bet that it's real.
But I've been having my tinful hat on quite a bit the last 24 hours.
And there's just so many open questions.
I also like, this journalist doesn't raise his hand and say,
hey guys, maybe I shouldn't be in this top secret chat.
Well, no, bro, that's going to be the story of his life right there.
And then, like, the language they were using was just, like, hyper formal.
And, like, it didn't feel like, I'm not in any government chats with these type thoughts.
You're not?
I don't know how it is.
You're not in the signal chat with GD Vats?
That might be a surprise to our listeners.
Please.
But, but I'm not in there.
This is, like, oh, I fully share your loathing.
It's pathetic.
I don't know.
Like the word,
it felt,
it didn't,
something felt off to me a little bit.
That's meant in that theory.
Maybe they're setting this guy up.
They're entrapping him.
Also,
feels a little overblown.
Like,
like it didn't seem like they're giving out,
like,
detailed war plans.
Like,
these guys aren't the ones who have all the specifics.
And it was,
what,
just a couple hours before everything was launched.
So I felt a little overblown to me.
Yeah.
Yeah.
I don't know.
Between that and what's happening in Egypt on the pyramids, there's a lot of shit going on, man.
So I'm just like, have you guys followed the Egypt stuff?
I know that we're on an archaeology show, but like the clip wrote about it yesterday.
So it was like, damn, this is actually insane.
I don't think any of that's real.
No, you don't think it's real?
Bro, the Egyptians were mining Bitcoin, bro.
Not until I see it.
I want to, like, how have we never dug underneath these pyramids to see this stuff before?
650 meters deep, bro.
Yeah, I also think this is kind of cap.
I look a lot into it and I was like, yeah, I don't know.
Like this is one study, right?
And then a lot of other people have come out and said, like, this is not enough to basically claim this is.
Let's find out.
Go dig on these things.
This would change the entire understanding of the history of mankind if it's real.
Is anybody in Egypt?
Yeah.
Do we have boots on the ground on the show?
Surely we have Egyptian listeners.
We have listeners from all over the world.
I wonder what they think.
I'll buy you, Sheld.
My name is Egyptian.
So I should be the expert on the matter, you know, but I'm not.
So maybe if someone in the chat knows more than me by ancient Egypt wants to go and dig in,
let us know what you find under there.
Anyways, so Marcus being the market, love to see it.
We're green.
We love that.
Tyler.
What else is new?
What else is new in this world?
Yeah, I think we got to talk about the Trump ecosystem family and business is getting
deeper and deeper into crypto.
So two headlines.
So we knew that Trump,
World Liberty Five stable coin was happening.
I think the story came out in October.
It's officially launching on Ethereum and B&B.
So I don't think that's a huge shock by any means.
But Trump media, which is the parent company of true social, they announced that
partnership with crypto.com to develop and launch crypto-focused ETS.
A mean to offer exposure beyond tokens like Bitcoin or crypto.com's native Kronos token.
They're also looking at other sectors outside of crypto, like high energy and innovation
companies.
And these are going to be trading through crypto.com's platform.
So this was a surprise headline.
Then you've got folks like Zach XPT in the replies pointing out some negative behavior from crypto.com in the past and the burning of their tokens or the opposite of that.
Like they reissued the burn tokens.
And he's saying, like, I don't understand why a Trump company would work with this group.
And...
I still like, I've been praising this administration and this family for the positive things they're doing.
But I feel like the deeper they get into some of this and partnering with borderline,
if even not borderline bad actors in crypto space, it's not a good look.
And I think it's becoming one of the biggest risks.
That's crazy.
Biggest risk in that if this administration loses power.
The is the other side.
Use this as their primary, you know, foundational argument for crypto as a scam.
And Trump was just doing all this to enrich his friends and family.
But this is crazy, right?
The CRO thing.
So I'm sharing on the screen.
For those of you don't know, we stream on video.
By the way, make sure you're tweeting.
Y'all, we're giving away potentially a Paco Pudgy Penguin later.
So I want to see some retreats on the show.
I always see some listeners.
Also, I got Bongo on stage with us just because I like him.
So he's just hanging out.
Yeah.
When we talk about Wizards, maybe Bongo will go to you.
Anyway, so Zach, SBT tweeted,
CRO is no different from a scam.
Your team just reached 70 billion CRR a week ago
that was previously burned forever in 2021,
70% of total supply.
And went against the community wishes
as you control the majority of the supply.
I'm unsure what truth would choose to partner
with your exchange over corn base,
cracking, Gemini, et cetera,
after this moved by your team.
I'm actually curious about that as well.
I mean, crypto.com is not the first exchange
that I would think of using.
It's matter of I don't.
uh person i would like crack in but it feels like coin based cracking and jem and i are all three
better choices and they were also sitting at the table at the summit all three of them so i don't
know i don't know what's going on there it's a little weird i'm not sure i'm a fan of this decision
either you know i mean that's 70% of supply i didn't realize it was that substantial so in 2021
let's this the largest token burden in history begins today
70 billion CRO prepared to be fully centralized.
So the Lidlid has receipts to this.
And here they are, all of a sudden, the tokens are back.
And then he gets blocked by Chris.
That's a red flag.
I don't know, man.
I don't know.
I don't know.
I don't know.
I don't like this.
I don't like this.
Wonder if they turn, go around on it.
I don't know.
This is weird.
This is really weird.
Originally, the total CR supply was $100 billion.
In 2021, they burned 70 billion with CR supply.
Everyone between that time and now about expecting 30 billion CR would be max supply.
Now, one, two weeks ago, they reissued the 70 burned CRO.
I've never seen anything like it from a major company.
It's true.
Like, they're a major company.
Damn.
You can never trust the companies that sponsor the NBA teams, I'm telling you.
If your exchange sponsors a stadium, you probably want to relieve the exchange.
FtX vibes.
I don't know.
I don't like this.
Yeah, it's kind of printing tokens out of thin air, effectively.
Right.
And then, I mean, you can pull up the colonel's chart.
The token dropped 75%.
It did rebound yesterday on the news.
Huh.
Yeah.
Oh, wow.
It's doing what.
I mean, the whole market is improving.
Wow, so it wasn't really good right now.
Love that.
Anyways, so there's that.
What's the other Trump news you said related to crypto?
Oh, the other piece was their stable coin, which was not a whole lot to unpack there.
It's going to be one, right?
It's going to be on Ethereum and B&B.
So I think Ethereum continues to be the primary horse in the stable coin.
We're going to last game.
But then the other...
Related news, BlackRock, and they expanded their Biddle token over to Salana.
Saw that.
So I think it's on seven chains.
So just quickly, uh,
This is their $1.7 billion, $1.7 billion tokenized money market fund.
I believe it primarily invests in U.S. treasuries.
It is now on Solana.
It officially launched on ETH back in 2023.
Now it's on seven blockchains.
So it's not ETH and Salada.
It's across seven different chains.
It's expected to hit $2 billion in assets next month.
62 wallets sold this token.
I thought that was interesting.
I don't really know what to make of that.
number, but I saw that in the article I was reading.
Yeah, I don't know.
I mean, it's securitized is doing a lot of stuff, man.
We should get the CEO on.
It's somebody followed me.
That's securitized company.
It looks like what they're the people who just launched a blockchain with with Converge, no?
Called Converge with Etna, no?
Looks like they're doing a lot.
So Biddle is on Solana following the one year anniversary of Bittles launched, BlackRock and Securitized or expanding access to a new share class for the Sloan Network.
The milestone marks an important step in the continued institutional adoption of token as railroad assets.
Why Solana?
Solana is high throughput, low cost.
I mean, look, it looks like the tides are turning on Solan.
What do you guys think, by the way, of that?
Like, it looks like things are starting to kind of shift on that chain.
I mean, we had a couple runners in terms of meme coins, not crazy, but a couple that did okay.
And now you have Black Rock with a good headline.
Like you're right, Tyler, by the way, this is not like, like they're on a bunch of chains.
It's not a lot of wallets holding it.
So in essence, it's not mega, but it's still, you know, I guess headline, the headline reads nicely, right?
So, so what do you guys think?
Like, do you guys think that the next, like in this next run, do you think you're going to have another similar meme court run on Seoul?
Like even Pomp swap is killing it already, by the way, day one.
Or is it going to happen like on like Mega E's, Monad or Sonic or somewhere else?
Yeah, I think meme coin, round two, around three, whatever round we want to call it.
It's going to happen on Solana.
If folks are in these trenches, I think what you need to know about these pump swap tokens is the liquidity pools are about half the size of what we used to have.
So what that means in practice is we are likely to see faster runups and faster crashes.
Yeah.
in these tokens. And I think we're already starting to see that. We don't have a huge sample size,
so I don't want to, you know, cement this as, you know, a thesis this soon. But in the pump swap
tokens that I've been following, it has been much more erratic price action than I recall
seeing when I was tracking tokens like this six to 12 months ago in a similar thing.
market set up.
And I think the liquidity policy is a big part of it.
So that's something to be aware of.
But yeah, the pump swap numbers, folks, they're killing it.
What are the numbers right now?
Is there a Dune dashboard for it yet?
I saw Alon was just on bank list.
Oh, there's a Dune.
There you go.
Found it.
They are $540 million in the last day.
Wow.
Holy shit.
Mm-hmm.
That's third across all dexes.
So they're only behind Pancake Swap and Uniswap.
Are you kidding me?
And they've already done $2.4 million in fees.
This is why.
Even that surprised me because I thought this thing didn't get announced
until like Wednesday or Thursday.
So it really feels like it's been live,
like truly live for less than that.
But they're going to continue printing fees over it,
over at pump swap.
It's bullish for the pump token.
To...
But guys, like at this stage, like this pump token, like the day comes out, it's going to be like a top 20 token.
This is actually insane.
How much?
They're making more than radium or?
So somebody else said, yeah, so they're still not making as much as radium, I guess.
Not yet, but we're one day in, right, Mando?
Like.
Yeah.
It's an index volume.
I don't know the fee structures across the two.
I don't know.
I don't know.
I guess it's on defile.
Is it on defile lama yet, though?
Let's see.
It's not a deep, but if you look at the numbers, you can just, you can just extrapolate it out.
So it was, yeah, I did it this morning.
Okay, wow, that's impressive.
Wow.
That is actually really impressive.
Someone said, you guys believe, I believe in the pyramid shit.
It's my color that don't.
So 10 billion FDV is top 20 right now.
You guys don't believe in pyramid story, but you believe this volume is real.
Good comment.
So if you're going to say this volume isn't real, then...
Okay, then you just have to carry it out to all this lot of volume, right?
It's all this big token volume.
So it's still Apple.
It's apples to apples for me.
This is actually crazy.
It's still generating fees for them.
What a business, man.
What business.
Jesus.
Alon's going to be a billionaire.
And this is in a bare meme market.
Yeah.
We're not seeing a whole lot of new token runners.
Is there even a daily runner right now?
Like, honestly?
There's a redacted coin that that was like the run of the day.
Didn't go very high.
It's the top one.
This?
Yeah.
I've never heard of it, but...
Tyler's in the mall, then.
Tyler is in the all.
Tyler is all of them, right, Mando?
I swear to God.
He's in everyone.
Everyone.
Guys, I'm turning out one at two tokens per week right now.
Okay, we'll say two to five.
I did not turn it.
For day.
At your peak, like, at your peak, like, how many meme coins were you in per day, Tyler?
Probably like...
Five to ten now I was I'm not like an orangey who's sitting at the desk and just turning it out
Man those orangey memes are crazy real
Just insane.
Anyways.
Okay.
So what else does you?
Wow,
Bitcoin's 88K again.
Let's go.
Come on.
It's good, man.
We're just,
it feels just a little bit squeasy.
Feels like we're going to go to 90K.
My balls are tingling, man.
Like,
I added this,
I added more risk this morning.
I don't know.
I'm feeling good.
I did.
I did.
I did.
I'm really cooking the salon and trade mando right now.
I bought you guys last week heavily in the 120s.
And I just,
I just...
I don't know. It's good.
You know, before I move to Portugal, I want to live a good life in Portugal.
Like, make as much money as possible.
You know what I mean?
Like, I want a house by the water, you know?
They're like a king, you know.
It's third world out here.
Exactly.
I want, I want like a horse carriage, but made by Rolls Roy's.
Also, like, Vanessa's, like, putting pressure on me every day for kids and shit.
So, like, babies cost a lot of money, schools.
Yeah, it's a...
Yeah. So if Pups goes back to a billion dollars, like I really like.
Can we get us for one show? One show without Pups being mentioned.
No, I need Arthur Hays. Yeah, we had Arthur Hays and awesome pumping pops a billion. We didn't sell.
Like, are you being? The other thing that I has become a number one for Tyler is just the is the Bitcoin versus Punks.
That is the best.
There's not a day that goes by without that coming up in Tyler's tweets.
I love the spread.
It's like the Melania Trump spread from Ovi.
You know, punk spots moving.
Oh, the floor.
Catching up with Bitcoin.
Hey, pox are moving big, man.
There was a mega sweep yesterday.
But Tyler, what else is new?
Well, on this macro, I want to, I just think of the myriad line.
Let's talk about it.
I want to pump my myriad bet.
Oh, which line?
Do we have new lines?
Well, I was talking about the Bitcoin price over 89K on Friday.
So if you think we're looking crazy, you think we're going to.
That is a good line.
grinding up this week.
You can get over 100% on your money for a 1% move.
Mando, you got to take that line.
Will Bitcoin price be above $89,000, March 28, 2025, 1159 PM UTC?
That's a difficult one because I think we touched 90K and then I think it probably heads lower.
So this is why we took that line.
So when we were picking that line, I was like, hmm, because I remember on the show Monday,
you're like, yeah, 90K is the line.
So we were picking like, do we pick 89 or 90K?
So we picked 89 to like really like, you know.
Yeah, so let's put it out.
So in that scenario.
Yeah.
If Bitcoin goes to 90K, let's say it happens tomorrow, Thursday.
I think the line flips to 70%.
So you would still capture a 70% move on your yes bet.
And you could sell there if you think it's going to get rejected.
You have to be a market.
Right.
So it would be an active position.
But that's also one of the beauties of these types of markets is you don't have to hold through resolution.
Yeah.
Anyways, I'm on the yes side.
Disclosure.
Yeah.
I mean, yeah, I would take...
March 20th is what day?
Friday.
So Friday, 5 p.m. Eastern, 7 p.m. Eastern, whatever day to close those, yeah.
I would take the yes side here as well.
I think by Friday close will be, yeah, we'll be above 98K.
90K, I don't know.
89K, yes.
Keep in mind, 89,100 is dub, right?
So I don't really know.
I would definitely take, I would definitely take the yes.
I'd love to see the market rallying.
Let's go.
Let's go.
Even Farkoins rallying again.
That's crazy.
I thought during the show.
I thought it would like, I thought we'd go back down to like 400, 450 area so we could like finally buy some more.
But like, no, just right back to nearly 600.
Anyways, the code today.
Robit.x, sorry, rafflebaugh.x.y Z. Rafflebought.xy Z. The code is poker. P-O-K-E-R.
In order of tomorrow's poker game, I'll talk about it a little later, but P-O-K-E-R, poker, is the code. Rafflebawd.
Make sure you share the show and make sure that you get on raffleball.
That XYZ, if you want to have a chance to win a Pudgy Penguin and or a Cryptopog.
So we'd love to see that hit for sure.
Anyways, Tyler, what else is new? There was a lot to cover.
Yeah, punk got swept to 42.
Wow.
They're feeling hot.
86.6K.
So there's still a couple percent and a half below the Bitcoin.
Yeah.
But if I had to bet on one asset here over the next two months,
I like the punk side to outperform.
I actually agree with you.
NFTs feel good.
Let's talk about FT's a little bit, guys.
NFTs do feel good.
Like I saw yesterday like on the on the news that Ovi put out on the reg drink the new flavor coming out.
Reg I also caught a bid.
Abstract NFTs have been doing it as well.
Pongs have been a good signal of the market as well very often.
There was a big sweep yesterday.
I think one bought wallet, but a bunch of them.
And a lot of it just and usually that moves first.
Penguins are doing good on the back of the Penguin TF news as well.
So it's been it's been kind of good to see them pick up some steam on that front.
I got to, Mandel, like this NACA, like the Nakamoto for a pair, I can't offer it to OTC buys like almost every week.
Yesterday I got offered 50th for it.
I said no, not interested 50th, but.
I don't know, man.
It's heating up, guys.
What do we think here?
When are we going to get this end of T season?
It just feels like people are...
I mean, we can't go...
If we are going to have months of chalk,
we can't go months of people not gambling, right?
Like, they're going to go after stuff.
So I think meme coins...
You know, I still think they're in some...
A time of healing, let's say.
You're right.
A meme like poise or...
or routine like these are memes that i think you go a lot higher in a different market right
and you know people might return to a bit of a bit of um nfts that's just just my gut here so i think
crypto i agree with you that title i think i think in the age old question of bitcoin price versus
crypto punk crypto punk probably outperforms decently i think i think you should get men you kind of
have a front beard like that
Yeah.
And he's like,
you kind of look like this guy.
If you put a blue bandana,
that could be you.
You have a goatee,
you know?
Maybe I'll get punk.
You should get yourself an ass eater punk.
That's just feels like the right thing for you.
I met Tyler,
what do you think of this spread?
I always vote for the punk over one Bitcoin.
I just think the punk over time,
I'll perform more Bitcoin,
but they're always going to be very close somewhat.
You know what I mean?
So I think the recent high, they got to like one, so let's see, $130,000 back on December 2nd.
Whoa.
Oh, wait, a little higher than that.
What?
150.
So they're at like, they got to like 1.4, 1.5.
I think they can get back there.
I think what's driving a part of the catalyst here is this cheap Eath.
I think people were waiting to make sure ETH wasn't just going to go to zero.
Yeah, that's true.
Stabilizing, 1800, 1900.
You got Kobe by.
It's like, okay, maybe there's a four on Eth now.
These NFTs are cheap in, well, with cheap Eith, these NFTs are cheaper in USD terms.
So I think we're seeing a little bit of a correction there.
But like for perspective, the punk floor was higher when I bought mine a month ago than it is right now.
So it's a.
Was it though?
February 23rd, the floor was 95K.
Oh, you're telling $1.00.
It wasn't in Eath.
Oh, sorry.
In ETH it was not.
I think the ETH floor was like 37 and a half.
So we're up 15, 20% in ETH terms.
I don't think that's how people look at it.
Yeah.
I mean, it's one way to look at it, I guess.
I just want Mando of Finding Buy Punk.
I've been asking for four years now.
I know.
It's been a great trade not to.
You know what's funny?
You're right.
You're actually right.
It's been a good trade for you not to buy one.
I just do something about this guy.
I just go back to him every day.
He is so trailer park trash.
Yeah.
I just, I've almost bought this punk like four times already.
I do.
You're going to buy it.
I like it, man.
I just, you think about it.
You know, he's just such a punk, you know?
Like, you think of a punk.
Like, he's just punk.
He's trailer park trash.
Proper punk.
I like him a lot.
I even like him.
You know, like, I just, they're so ugly, you know?
I like him a lot.
I don't like that.
I really always want to picktail punk, but it's a little slightly above what I'd be comfortable paying.
But, you know, there's a lot of good stuff here.
100 grand.
It's a lot of money, man.
It's a lot of money.
That's like a mansion in Portugal.
you know so with a private driver it's a with a private driver it's a rose roars force carriage
for okay sent you the nancy fry server go go pull that up and then zoom out on this punk charge
punks are basically even since may 22 we're talking about three years of sideways consolidation
whoa wait is your i put all you remember six months they go no go to all
Yours looks different than mine.
Oh, I'm in US.
You're in crypto.
Let's put into USD terms.
Where is it?
Scroll up a little bit.
Okay.
I'm up.
USDA.
I see it.
All right.
So in USC, three years, straight, sideways.
Whoa.
That's actually insane.
Yeah, Amanda does have a point.
Yeah.
This is true.
There's a floor, right?
Like, they haven't really significantly dropped below this price for more than...
Like there was a tiny stretch.
Yeah.
Yeah,
I'll never forget the day,
ETH went to $800 in Punks with 48K,
and they got like, gigaswept.
I'll never forget that day.
That was insane in Punks chat,
last bear market.
But that was fun.
That was one of my signals actually
to like slowly start buying ETH again,
last bear.
Um, so that was, that was a good one.
Yeah, I didn't look, I don't know where punk's go this cycle, but to me, it's long-term
hold.
I mean, I only have my one.
It's kind of become my identity.
So we were selling it.
Um, so I don't, I don't see myself getting rid at all of it at all here.
That's why I can't want a second one, guys, because it's like, yeah, you need a
second one.
There's going to be a day where I kind of want to sell a punk and I can't sell the
Faroque punk.
You know what I mean?
It's like, that's a no, no, no, that one's got to go to the kits, you know, so.
Maybe even the museum in Portugal.
Is there a nice museums in Portugal?
I got, I'm going to donate to a museum in Lisboa.
You know, so I can just go look at it there.
That would be nice.
That would be really nice.
I can't wait.
Anyways, is there anything else, Tyler?
Yeah, Tapperid Wizards.
Oh, on today.
I think it's, I think the controversy over the mint price is somewhat gone down.
Zero point two Bitcoin, certainly not cheap, $17,000 to mint this thing.
It's a lot of money.
I think the buy ages well.
I think so too.
I would bet significant amounts that there will be at least a window of time
where they trade higher than zero point two Bitcoin.
So I think of their good men, I don't have a read on,
I do feel like there's going to be a lot of cell pressure early.
I'm hearing these stories.
They're talking about it on the nifty show.
People taking out loans, pooling capital to buy these.
That's a problem.
That means people have to sell very quickly.
Yeah.
I mean, NFTs is usually that thing that runs like end of cycle, right?
So like I could see the type of wizard as being a two and a half X easy like Q4.
So because I have a friend that got a white list.
He was asking me if you should mint it.
I said, yeah.
And if you're not going to mint, I'll probably buy your mint from you.
Because I do think they age well.
I don't have a list, but I should ask Woody the fuck.
That's too late.
I forgot.
I invited him on the show Friday, but I forgot to ask for white list.
That was a miss.
Yeah, definitely miss.
If the other ordinals, the other big three, if they don't catch a pump on the back of this, I think you have to ask yourself, like, what is the catalyst?
This is going to be the biggest...
capital inflow into the Bitcoin
NFT ecosystem in a year.
Yeah.
They've been slowly catching a bit,
but they're still very low.
Like puppets and nodes are 0.0.5 years.
They're at 0.04.
They're at yearly lows.
Man, that was that was that was that was one hell of a round trip.
Are we doing my puppets?
Yeah.
Cool.
Yeah.
Let me come back to this.
We're not talking about, we're not talking about pops.
We're not talking about poppies, man.
You like the puppets, man, though.
Remember?
You used to want to sweep the poppice floor on the show.
Yeah, I mean, I should have.
When I, when I, when at that moment, that was a 10x.
Yeah.
I'm still 4X for my buys at this floor price.
So I'm okay.
But it's just like, I was up fucked on.
Like, it was like, it was a nice trade at the point at the time.
Bongo!
Bongo!
Are you minting your wizard?
Did you get your list?
Did you get it done?
Did you get punched in the stomach enough?
Yeah, dude, I got my while list.
Imagine thinking point two BTC is a lot of money.
Ha ha ha.
I love this guy.
What's your, what's your outlook from a trader's perspective, Bongo, on the, on the wizards?
I think like 0.5 Bitcoin by Q3 is probably doable.
And I don't have a bias because I don't have one.
I have my quantum cat and those got decimated because of the wizards.
But what do you think?
What's your, what's your target here, Bongo?
I think 0.38, it's a decent floor when they come out, 0.4.5, depending on the volume.
I'm sure there's going to be market makers participating on this collection when it comes out.
But it's going to be on Friday, by the way.
You mean to date and you get it on Friday or Monday.
Or Monday. Okay. Yeah, depending on how fast the blockchain is, right?
So you may even get in two weeks. So anyways, yeah, someone's saying eight and a half minutes price,
It's tough to compare to Eath because Ease is down really bad versus Bitcoin, right?
So it's I would really put in like dollar terms.
So it's like a $17,000 mint, 2,000 of them.
So we'll see how they do.
I mean, I'm a fan of Ooty. I like the Wizards.
I like to support them.
I think that they're also doing cool stuff on Bitcoin.
Like people should look into Opcat and how they're trying to actually scale the Bitcoin blockchain.
So I think that's the most impressive part of them also.
That's about it.
I guess last thing I can talk about the poker thing tomorrow and then we can go move on to the spin, right?
Unless Tyler, you had somebody else to touch on.
Mincified token today.
I think that's going to be an interesting test for this market to see where that comes out.
I honestly don't really have a read.
I had this mintify TG.
I guess if I did say a target, I think probably somewhere 300 to 500 million FDB with the market cap probably.
The recent TGs are cooking.
Yeah.
The recent TGs are cooking very hard.
So we'll see where that is.
So some news on the on the Maryyad said tomorrow we're running back the poker tournament,
which is going to be fucking banger.
The diamond hands shan out to play Sopo and and an abstract.
So it's Wizard or So KBM. I can't wait to start KBM because there's a Faroq versus KBM market, man.
Did you see that?
Oh really? Yeah, yeah, yeah, yeah. There's a Farog versus KBM market on Myriad and it's let me, let me share my screen.
He's going to be on wrecked radio playing, and then the second hour he's going to be chirping with me.
It's a session two for Roke versus KBM, who profits most?
And right now, 55% of the people seem to think that KBN will profit most.
They must have not seen.
They must have not seen my poker game last time.
The code is poker.
They must have not seen my poker.
Professional poker player, right?
Brother, I literally fuck.
I mean, last time I cooked everyone, so I don't want to talk shit.
And I'm like, last time I came, you know, I, I, I, I don't know.
I would assume that he's going to win.
I don't know because any game, anyone can win any game.
But I would say that he's like, that seems very tight for KPM as like one book of
one of them.
5545.
Brother?
Are you picking KBM?
Are you picking KBM over me?
Yes, at this.
You're picking KBM over me on who profits the most?
100%.
Okay. Save that clip.
This is poker, right?
This is just poker.
No, no, no, no.
Save that clip.
No, it's not poker.
It's personal now.
So save that clip.
Save that clip, intern.
And I want you to bring the clip back after I cook KBM tomorrow.
And I come on the show the day after.
Okay.
I want to talk about it's Tyler.
Which horse do you backing?
I shoved all in on Frook.
Fucking gunk.
That's my boy.
That man, that hurts.
I've been a loyal host to Mando for four years now.
And there you go.
Tyler has more, more belief in me than than Mandel does.
He's not poker, it's personal now.
Yeah, exactly.
It's not poker.
It's personal now.
So we have that one.
Anyways, the other players, you know who's in there?
Jingtow.
And Jingtow just won a tournament at the win.
Did you guys see that?
He made like a quarter million dollars last week.
So there's a KBM wizard, Lucanets, me, Ansem, Jordan, Tyler Hancock.
So we have actual professional poker players.
Eric Grimmis and Jingtow we're going to be on.
I'm actually mostly scared of Jingtow because that guy just hooked a poker tournament at the win.
And he's actually really good of poker.
But you know what?
I'm going to show you.
Last time everybody bends against me and I won.
So we have this market.
It's on myriad.com markets.
Poker.mira.com.
Check it out.
A lot of fun markets.
We have, will the last flop of the game be red or black?
Will anyone win at hand with the seven deuce?
Over under three and a half players to go bust throughout the whole game.
Will the first all-in win the hand?
Look in as Mr. Wizard or so, who profits the most?
Just some more fun markets.
I think there will meet a few more markets as well.
But make sure you pick Faroak over KBM here.
You know, it's important that you do so.
Anyways,
Yeah, it is abstract. It's going to be really cool.
Yeah.
Streaming on there and SIPP was on there.
So it's a lot of fun.
And then I think we just launched a bunch of new quests as well.
So check it out.
All right.
Should we get to this little bit, Lutbox did?
Sounds good.
Sounds good.
Sounds good.
Let's get it.
Oh, yeah.
Bobby six.
Okay.
All right, Bobby.
Bobby Arnold Cotteninger.
He's been following us for a long time.
Oh, let me follow you, hold on.
I can't even if I didn't follow you, oh.
No way. I love that.
Let's go.
Dude, this guy's been following us forever.
Arnold Tonsinger, Art Collector, Grifters, Toad, and Red Guys.
I love that.
Yeah, dude, this guy, come on.
I love when an OG wins.
I think Bobby's been following us for years.
Listen to the show forever.
What up, Arnold, or Bobby, what should I call you?
Hello?
Can you hear me?
Check, check, check.
One, two.
Well, he's on stage, that's for sure.
He's retweeted.
What's up, man?
How you doing?
Great.
Congratulations.
Congratulations.
Thank you. I was the first time you guys did this, I won.
No way.
I got a rug radio.
Rug radio win.
That's amazing.
Congratulations.
Yeah, last February, over a year ago.
You've also been listening to the show since day one, right?
Oh, yeah.
Oh, yeah.
You're like an OG.
I like that.
Well, I appreciate you.
Look, 1% chance to hit a punk.
9% chance to hit a pudgy and then a bunch of red guys.
Are you ready?
Oh, yeah, let's do it for a okay.
All right.
Let's give him something nice.
Yeah, let's do it.
Well, he gets star.
That guy, congratulations.
You got an abstract call.
Thank you, boys.
Congrats, man.
Have a wonderful day.
Thank you.
You too, boys.
All right.
See you, brother.
And with that, with that, with that,
we will see you all tomorrow morning.
10 a.m.
Saturday for another episode of Formal hour on Rugged Radio.
Let's go.
a lot
