Thank you. GM, GM, everyone.
We are going to start the show here in just a minute.
Big day out there today, folks. Big day.
Who we got? Belfort, Cyber Nomad, GM, Zanzibar, T-Pan, GM,
GM, thanks for joining us. Poria. T-Pain? Yeah, T-Pain.
T-Pain is listening today. Damn! Might have to get him up
on stage to give us a little song here. Prolific
A lot of Rekt guys out there.
Looks like Rekt is going for it live as we speak as well.
Charlie, whenever you're ready, let's kick it. Thank you. GM everyone and welcome to another episode of FOMO Hour today. Today is Friday, August 8th, 2025.
numbers. And folks, it's looking like a
lucky morning out there. At least
for the ETH maxis, maybe for the Bitcoin
maxis, the REC maxis, and everyone.
It's been a huge week for crypto. We've got new
executive orders for 401ks.
We're going to stop debanking crypto
companies. There's new $5 billion ETH
Treasury Co. spinning up, and now price action is responding.
We don't know if Mando's going to show up, but we're going to break it down with or without
Farouk, GM, how you doing?
GM, and Farouk is back with the mustache, ladies and gentlemen.
You know what happened the first time I shaved my mustache?
We ripped. You know what just happened first time I shaved my mustache? We ripped.
You know what just happened?
I just went mustache show last night.
We got mustache show, you know?
I get a message from my personal trainer.
I'm like, what do you mean 4K?
But let me tell you, Tyler, the way Rekt is going, I may follow his footsteps.
I might be the only one left, folks.
Farrokh, I don't know if you've seen the space, but we've got Keith Grossman on with us as well.
Farrokh, I was going to give you a call.
I don't know why I always call you at this time.
And then I remembered you have this show.
So I figured I would just come on and say hello.
Listen, I know you like it.
Tyler was covering the Axel news the other day.
Congratulations, everybody.
You guys are killing it, man.
you're killing it man and thank you for remembering that i i do host this show since like 2000 days
And thank you for remembering that I do host this show since like 2,000 days.
so so tyler the other day i went on um after i went to give froke a call and once again remembered
that he has this show and um the second i went on um i gotta tell you i really appreciated your
call out like i i joined and i heard moon pay and it was like it was a perfect thing so i went to
the social team and i just said hey guys you have to get this clip and you guys posted it and I hope you saw our sort of um
repost off of it but thank you for you know calling out what we're building with them
well thank you for for building cool products uh to get more folks into the space I thought
the virtual accounts was a a really cool launch by the way you guys have been crushing it thank
you I mean look like i think that
people should be really excited right now about the industry right like we are legitimately in
what i think is the beginning phases of the golden age of crypto right like we are seeing so much
clarity across the board and you know normally if you get like the most simplistic amount of
clarity in an industry you have uh stability. And with stability, people can
start to build and capital flows in. Crypto is undergoing like four major clarities right now
between legislative and regulatory and banking and accounting. And the fact that we're getting
those clarities allow us to actually build really cool products. And by the way, there's so many
people in this room that I'm looking at that are
building great products too.
And so I love what you guys are doing.
I keep forgetting that you have this show every morning, right?
But it is a wonderful show.
Every single time I remember that it's on and I see the clips later in the day.
Baroque, how are you doing?
Why are you missing out on certain marketplaces for Myriad? And I'm
not going to say which marketplaces because I don't want you to clip this and have me saying
those words in a social clip. Why I'm missing out on marketplaces.
Yeah. There's some really exciting marketplaces out there in the betting space,
space, and I'm not seeing them on Myriad.
I'm very upset about this.
Do you know where I'm going with this?
I'm not going to say it. I'm not going to say it.
But like, I feel like there's like...
He's been acting it out on the stream.
It's going to not be spoken about.
But I got to tell you, there's a lot of people making these bets in this prediction market.
Well, I pinged my team this morning regarding those markets.
And the thing is, the pollingmarket doesn't have a clear resolution.
So this is for sure going to get become a fight.
And then the bookkeepers are not transparent.
So we don't know the resolution source.
So my team decided to hold out because it's extremely hard to actually get a resolution
That's so interesting. As it relates to those markets,
I guess I hadn't really thought through
all that stuff, which is hilarious.
someone to be a resolution
That's way more complicated
I'm surprised. We've got the
television footage that kind of shows
whether it happens or not yeah i know i know we gotta we gotta figure it out maybe it's like hey
you're just on espn or something well i don't know we gotta figure it out um i actually have to hop
on a 10 15 call but farrell give me a call when you're done i just i wanted to talk about some
stuff um i think you know what you guys are doing over at Destan is just amazing.
You know I feel that way.
And the way that you guys are so complimentary to me and to the great work that the team at MoonPay is doing, like, I just have to give you guys the same kudos.
And I see a lot of great people.
You know what makes me so happy every single time I come in here and make these jokes and joke around is I see so many people in the crowd that I saw back in 2021, 2022, that just like still kept their head down and just
kept on building because everyone saw this trend line. And so like, I hope that everyone is
smiling as ETH hits 4,000 and Bitcoin keeps going on its ascent and hot air keeps rising and the likes and the likes.
But kudos, guys. You're crushing it. Thank you, Keith. Love you, Paul. I'll call you after.
Wow. Fun little cameo from Keith Grossman there this morning, folks. Fun start to the show. So
what are we talking about on today's show? We're going to get into the market report.
The Ripple lawsuits dropped.
It hit 4,000, was rejected.
Pumped fund buying 1.69 million of its own coins
as the launchpad wars heat up.
Wrecked hit new all-time highs.
Runes and ordinals are even pumping.
The market's so hot that runes and ordinals Are pumping, folks. We got punks
Back over 200k for denzes
Or might flip them. Now I want to
Debrief a little bit from yesterday's Linnea conversation
Because I do think there's a lot of interesting things
Happening on Linnea. And then we'll close
The show out with some Yeet action
As always, before we get into it, shout out
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With that, let's get into it.
I'll fire up the screen share here.
It looks like we may not be-
Without the jingle, it's going to throw me off a little bit.
I never had a jingle since the start of GM1.
Because it was always Mando and Obi with jingles.
I never got a Farouk jingle.
Yeah, we need a Farouk jingle.
To our creatives who listen and are fans of the show,
if you want to dabble in helping us create a little fro-tangle.
And he also wrote to us, by the way, that the strip clubs are full.
The strip clubs are full.
That's a good indicator right there.
The strip club index is green, folks. We love green candles on this show.
That is a fact. So what green candles are we looking at? We've got Bitcoin up half percent,
116.8. Up three and a half percent, 39.69. Folks, right when we went live, it had hit that 4,000.
It's going to keep battling up against that level clearly. I don't think it's going to be
a super easy level to get through. We'll talk about it in more detail, but
I don't know. Maybe we do break through it. We've got
XRP actually up the most on the day. It's up 9%, $3.33
after the ongoing lawsuit between
Ripple and the SEC is officially done. That was a big one.
Then Solana is actually outperforming
ETH on the day, up at 177. Stocks are green. Again, they've just been grinding up here this
week. I'm trying to pull up the dollar chart here. The dollar is still down, which is helping us out
a bit. A few other pieces of macro news.
We talked about this yesterday,
but Trump signed the executive order.
He officially did it yesterday evening
to allow crypto and other assets into 401k.
He also signed an executive order
prohibiting debanking of the crypto industry.
So two big executive orders for crypto right there.
We also had the SEC Ripple lawsuit drop.
We had Chainlink introduce the Chainlink Reserve,
where they're going to start using both on-chain and off-chain revenue
to buy back that link token.
Link was a top mover on the day, folks.
When you look at the top mover board here on the day,
Mantle, Chainlink, Lido, XLM.
So it really wasn't memes.
It was alts moving on the day.
That was some of the big macro headlines.
Let's just dive right into some of the majors here.
Bitcoin, 117.300, Mike Quant says is the key level.
We briefly batted up against it last night, got somewhat past it.
It looks like we're kind of just hovering right under it.
We'll see if we get through it.
I'm being told by some of my other Bitcoin quants and analysts
that this micro strategy strike is the price to watch
and that if it gets to 100,
actually it doesn't look like I'm getting a good reading on this, that means they will effectively just start selling and unloading into Bitcoin.
It was at $97.50 yesterday. I'll check in on it here later today. So that's one to watch
for Bitcoin. But the big story today is ETH. Let's just get right into it. I've got the five
minute chart pulled up here on Hyperliquid. Where's Mando? He's selling. He's selling. These are the Mando candles, folks.
This is how one funds their retirement is they hit their target after entering at a much lower level
and they unload into the chart. So we are rejected here from 4K on the first big run at it.
It was battling last night too in the Asia trading session. So I think it got to 3970
or so. It was around 3900 when I woke up this morning. God candle on the US Open.
Now back to 3950. I think a few headlines that could be driving this.
Of course, the 401k one is likely going to impact ETH
as ETH ETFs will be included in those 401ks.
I think we saw BitMine has a million ETH now.
And their stock is up 12%.
So it's outperforming ETH right now.
It's a $5.1 billion stock.
Our leaderboard is not quite updated,
but they've got new competition.
This fundamental global company,
they just filed a $5 billion offering, $4 billion at
the money, so an ATM prospectus that they're going to use to buy ETH. It comes along with a $200
million pipe. So you have to take these announcements with a grain of salt. This is dependent on them
actually being able to have enough volume and trading on their stock shares, enough interest
for them to be actually able to sell $4 billion worth.
If they're able to pull it off,
I mean, it would put them in the top three, top one.
I mean, depending on how fast they're able to do it,
of course, Tom and Joe are going to keep buying
It's clear the institutional bid
It's the real deal. There's no denying it.
I've been seeing a lot of this threat.
Is it because of Tom Lee? Maybe he said that.
I don't want to quote him for nothing, but I think it's him.
It's what Saylor was five years ago and this is gonna be that thing like anybody
made fun of sailor the last five years and they continue to by the way he continues to be richer
than everybody and right more right than everybody um welcome to new paradigm like buckle up you know
like we're yeah sure like eth may dip at some We're going to see a bunch of retracements.
But this thing's a machine now.
It's the most decentralized, stable ledger in the history of technology.
Whether you love – look, you know me.
I have a mega bag of fur coins with Solana, blah, blah, blah.
But even if you love Solana, SWE, any other L1, it doesn't matter.
This is the greatest piece of technology ever made since the internet.
But now we've got the spokesman in place to help tell that story a little bit more clearly.
And the price action is definitely reinforcing it.
But along with the price action comes more builders, right?
It looks more stable now like the future looks brighter so all these things do kind of create this this growth flywheel which you want to build on east more now right like it's like at some point like
oh east is not doing well do i want to launch my token on l1 then wreck was like fuck it we're
doing l1 at the lows and we're sticking with it works right um but it's like it's like teams
teams now are more like even us like we're looking at TG at some point and like, yo, like fuck yeah.
I want, you know, of course I want what, what, like, we've been saying how to do it.
But like, one thing is like, if you look at all these companies, you know,
we always compare like SMP companies to like crypto, like, uh,
Apple is worth a trillion dollars, let's say, but ETH is only worth $200 billion.
Right. Apple has jobs. Um, right? Apple has Steve Jobs.
NVIDIA has, what's his name, the CEO?
Sorry, I have a good one.
Oracle has their own guy.
Sure, that may not drive 100% of the trillion dollar valuations, but it's driving the valuations up.
I feel like we've been missing,
like I said, daddy's home. You know what I mean? Daddy's
up. We've been saying that.
When Tom Lee and Joe Lupe entered the arena, I said,
just pay attention. They're going to be on NASDAQ every day.
Let's zoom in a little bit.
What's your predictions for how this plays out?
Do you think we're just going to smash right through this weekend?
Do you think that the wall, the 4K cell wall,
is going to take a little while to chop through?
It's the fifth time we're hitting it.
So I don't want to see no quintuple top hopes on the timeline on Saturday.
Well, question back, I guess.
Don't mean to turn a question back around to you is have the weekends now become weaker because there's no institutional bid.
So people, so the, you know, it's like D farmer always says it like D gen time.
But D gens, they haven't showed up lately.
They show up in the trenches. They'll send the final boss token to 30 mil little things so we're seeing some life and i'm sure we'll get
to that but they're not sending there's not enough firepower to send a 300 billion dollar asset like
4k 4.5k maybe so do we think that the weekends are weaker now because you saw this what happened
this past weekend it was bear market on the timeline this weekend. People were calling for $2,800.
I remember we woke up and now we're at $4,000 three days later on Thursday.
Cause I think now if we smash no Jeeves is tagging in the chat, 4,100 is the level.
Once we break 4k, we're not going to go to 41 or 42, 43 time.
We're going right back to retest that all time high zone.
Right. Yeah. Which is like 47, 48, a times. We're going right back to retest that all-time high zone, right?
So I think we push towards that.
But do we think that first we keep pushing the 4, 4, 4, 4, and then what do you think about this weekend?
The weekends is a good point.
In general, I do think that the majors get a weaker bid on the weekends.
You can't really trust the price action.
But the caveat is the debts, the treasury codes,
they will buy on the weekend.
So we might see Tom Lee buying.
We might see Joe Lubin buying.
Yeah, I've seen the transactions.
Yeah, because they're not necessarily buying through the ETFs.
I think they may be buying some spot.
Now we've got this new one with FGF.
So maybe they're going to deploy some of their capital over the weekend.
It's interesting because from a trader, you don't necessarily want to buy this big rip.
But it also is very clear that they are in a race
to accumulate as much as they can because they all think this is going higher.
If that's your view, you can't really wait that much longer.
You're not going to get it at 3,500 again, bros.
I don't want to hear it in two years for real.
I'm saying about the next to end a year
it was $3,400 on August 3rd
so that was over the weekend
I saw $2,800 calls on the timeline
and I saw $2,800 I hype the timeline. I saw $105K Bitcoin. I saw $0.60 Starcoin, and I saw $28 I hype.
That's what I saw on the timeline.
I do think it's going to break through at this time, and I'm with you.
I guess my gut read is $4,100, maybe a bounce back to $4K,
and then we're going to – the next level up is probably all-time highs,
right, like $4,800 or so.
The buy pressure is there.
The ETFs also had their biggest day in nine sessions yesterday.
So the ETF bid is flowing.
Like what beta plays jump out to you?
I think you and I are both ones who – we like to play majors,
but we like to play a little downstream as well.
Rekt has been a big one, but I'm curious if there's any beta trades
that you might be watching or thinking about jumping into this move.
If you think ETH is going to 4,800, what are some of the ways
First and foremost, shout out to AI Rev.
I don't know if you saw the chat.
Big shout out to AI Rev for gifting us 100 subs.
I reminded us today we picked a random subscriber.
I think Sims already did the draw,
But AI Rev, dude, appreciate that.
Just everybody in the chat going crazy.
We need to put the chat on the screen.
Like the regular streamers.
Let's get that going for Monday.
So, you know, all that helps us a lot.
Back to you on the trade side.
rect is i know we joke about rect prices curry but i think i think wrecking was so much higher
and i have a really big wreck position on spot really big um it's like way bigger my far coin
position now it wasn't meant to be but it is far coins decided to like be glued to a dollar um i don't know man like i i mog is following right now it's catching up because rectus really
flipped mog by quite a bit overnight uh mog is catching up and looking good it went back to
range lows and at 500 mil like it could go back to 750 very easily like very easily um and then
it could even go back to one and a half billion accessible on Coinbase. Very easy. Um, and on ETH, you know what?
Like I'm curious Tyler, why is nobody launching shiters on ETH?
Like that was the move last year.
I think there's room for some stuff to run, man.
Like, like the boss one off to see it maybe on ETH.
Like I'm curious, like if you're dead, as a matter of fact, I want to see you guys launch
some shiters on Ethereum. I'm curious. What do you think? I of fact, I want to see you guys launch some shitters on Ethereum.
Well, I think base and Zora had taken a lot of that, right?
But I don't see Zora creator coins as like a meme coin.
But this is where the action is.
I mean, it's up 22% today.
We got to get the founder on like respected geez louise uh so that's been an incredible trade this month it's up 940 this
month all right jot out to zora back to your question yeah i don't know why we're not seeing
more on e i mean i think there are a little bit there's just not as many folks trading them so
they just don't see any action.
It's got to be on social.
We're not even trading meme coins on any other chain, by the way.
Nobody's trading anywhere else but Basis right now.
And even Basis is a really niche.
There's not even a crossover between the two.
I want to see some L1 needs, dude.
I think someone could run it hard.
Or else just buy Pepe, buy Mog on size if you have size.
If you don't have size, I don't know, Tyler.
What do you do if you're a trader that doesn't have size, like your $1,000 book, $5,000 book, max 10K?
And NFA, by the way, but I don't know.
On Ethereum. On Ethereum.
On Ethereum, less than 10K.
And you want to get beta.
Because it's too easy to say rect and mob, right?
That's really what comes to mind.
I mean, you can play Bitminer.
Yeah, you're not like... Now we're more sophisticated, you and I, right? It's like, you're a DJ, like you're a kid. Yeah. You're like, you're not like, now we're like more sophisticated.
You're getting started, right? What do you buy?
It's trickier. Yeah. I think you just have to wait.
Someone said probably something on abstract and you had Greeny on the show on
Tuesday. He's been sharing abstract means are ripping.
Actually, that's a very good call. That's a good call. Who you know what? That's a very good call.
That's a good call. Who made that call?
That's a really good call. Let's take a look.
The board's pretty green. Bitcoin's
I haven't even looked at this.
The abstract coins went off.
cooking. I don't mean cabal in a bad way, but the folks
who have been trading over on Abstract
more exclusively, man, what a day
for them. This board is lit up like
a green Christmas tree here.
some of the biggest numbers I've seen. I think a lot of these
coins have to be at all-time high
clear momentum right now. They also have that
quick tangent. They had that announcement.
They launched Igloo APAC.
So the official Asia arm.
We know there's clear interest
in crypto and memes and NFTs from
crew are leaning into that. So I think that's been
a smart decision. So I think, yeah, to answer your question, maybe
have to pay attention to NFTs with that kind of bankroll, honestly,
because we're starting to see some action.
Last night, I don't know if you saw this because you were traveling,
getting geared up for your trip.
I'm surprised it's not up here.
It's like these little fish.
Oh, I totally missed that.
Where the hell is this? I'm going to have to start sleeping at 4 a.m? Oh, I totally missed that. Where the hell is this?
I'm going to have to start sleeping at 4am, aren't I?
Let me go and see if I can find it on Magic Eden.
There's this new NFT collection.
And then some folks saw that.
And then they jumped in and started minting.
Crypto fish is what it's called.
Why am I not seeing this?
Go to OpenSea and search it maybe.
They're trying to shield the crypto fish.
It's not in the top 25 on Magic Keen.
It's not doing any volume.
I found them 7,900, but they're so cheap.
That's not the right one. Here it is.
Anyways, this is not me touting
CryptoFish. This is me saying
we are starting to see more new
trade opportunities in NFTs.
It's an area where folks with
smaller bankrolls could potentially start.
And that's how a lot of us started, right?
And that's how you can accumulate more ETH.
You know what? That's actually the answer.
Abstract memes, base. So very niche.
So you got your base in Zora,
or you have to hit the NFT market.
That's how you start with your 10K or less.
100%. Now, for those who are more established,
I think one of the stronger ETH beta plays,
just to round out this conversation,
And that CryptoPunks sales bot
was turned on this morning.
Look at this stretch of sales here.
I almost bought that red hair yesterday.
And then I got cold feet.
Nice string of aesthetic plunks.
We had 72 ETH purple hat here.
The red hair was too nice to be on four.
We were kind of chatting around that.
um so significantly above crypto punks and it seems like there is some strong momentum oh a 69
etha pilot yesterday i missed that one as well uh so yeah this uh right here well that's not a pilot
sorry that's the welding goggles. It looks like a pilot.
I've got the FOMO to get a second.
I feel like as soon as we're ready to actually pull the trigger, because we want the coins we're in to go up further,
and I do like the positions I'm in,
I feel like punks are going to have doubled.
And then it's going to be like...
So the thing with punks, they're getting all these treasury codes for sure, right?
I know you said it was a hard take, but that was the coldest take.
It's cooler than an ice bath.
Let me elaborate on that take.
I agree that treasury codes are coming for punks.
And we kind of already have signs that one's already started.
I specifically meant I think we'll have a crypto punks etf like a like a stock that you can buy um which is an
index on punks so not which i guess i guess if you can make the case that a treasury co is that
because it would have a stock as well um so maybe it wasn't as hobby-tick as I thought, but I do think
kind of thing that could actually run
the floor up to $500,000 or higher.
It was the month of August.
I was on vacation in a sunny island.
And overnight, they went to 500 grand.
I'm saying it could happen tomorrow night.
I mean, some of the action, and I have no info here,
like a little bit like tinfoil hat,
like some of these sales we're seeing,
the nice ones getting picked off,
is someone front running like a big sweep.
Like you can make a case that that's what's playing out.
And yeah, I mean, there's five rows to a 60th floor.
I mean, that's – we saw a 60 punk sweep already.
It was a couple weeks ago uh so not
not not that crazy how much would it 60 punks right now how much is it's 12 million roughly
roughly 12 million maybe 14 million so it's about 235k average right per punk if you're doing like
60 or something because it's like yeah yeah 14 mil that's nothing it's like, yeah, 14 mil, that's nothing. It's nothing, yeah.
It's nothing when you see the volumes on the average meme coin.
It's a $4 trillion asset, and we're talking about 14 mil,
and then the rest of the stock market is $300 trillion,
and we're talking about 14 million.
14 million is not even the size of Dip Wheeler's fart coin bag. 14 million is like, I mean,
It would have been fun to celebrate 4K with him, but he's
I want to talk about this Pump
Pivoting off to ETH. ETH, super
strong. I think we closed the conversation.
Yesterday afternoon, PumpFun introduced their Glassful Foundation,
where they are going to inject significant liquidity into their ecosystem tokens
to support their most diehard cults.
We've got some data on this and what this actually means.
TEHC, one of the best quants out there doing public Dune dashboards for everyone to follow
along. They've deployed 1.69 million across 10 different punk tokens already. Their largest
have been Tokabu and Housecoin. They've already fired 20%. They hold 20%.
And apparently they have 350K left already on this.
I have a few questions about this.
Quickly, I'm going to show the market impact
I tweeted out this morning.
These tokens, unsurprisingly, just absolutely set.
So Tokabu up 48%, House up 37%, Need up 34%,
Trencher up 50%, so on and so forth. So basically everything they bought is up somewhere 20 to 50%.
And if you actually look into a lot of these tokens, some of the replies I got to this tweet
where I don't even know what the hell these tokens are. A lot of them are like smaller cap.
So half of these are probably under 10 million or so, which I found interesting, but also it's logical, right? So if Pump had deployed
100K into Farcoin, it probably wouldn't have moved the needle, right? That's such a large token,
like 100K buy in Farcoin probably moves it from $1 to $1.01 maybe. Yeah. But if you put $100K into Trencher,
So I understand their logic there.
Curious for your reactions to this.
A, if you would have rolled it out this way,
if you had $2 million to spend on memes
and in the pump eco in your Al,
would you have done it this way?
And perhaps do you think this is going to be it after the $350K?
Do you think there's going to be more room to run?
Curious if you have any thoughts on that.
I just think they should go ahead and announce that reserve thing
and just put them all into some wallet.
And I do think they still need to buy some Farcoin.
It won't move the needle, but if it's your grail, like go but again you said you don't buy 100k you'll buy a million
dollars worth right um and the sentiment looks good i think they're like destroying everybody
else now again oh yeah on uh on the jupiter launchpad bars yeah that's i mean they're
destroying everyone like over 50 like even bunk was destroying everyone. I was like them
It was even higher yesterday, by the way. I started like 60s or 70s
Think that they're finally doing things, right?
It's what we thought the things we're so stupid
Like we really said this like they're gonna bleed it out
Do say nothing like everybody who made a lot of money, it was the easiest 50% pump,
uh, uh, trade on size. It was a million dollars.
You could have put in from any wallet. Okay. So a lot of people got in big,
a lot of people going with a hundred million size started dumping. Like my a
hundred K I was up 50 K in like 24 hours, dude. It's a great trade. Yeah.
I decided to just buy fucked on more
after that and then get right so we we called it but we didn't trade it right i think from that
bottom it was a perfect low um and see they did 14 days they said nothing and then they came back
doing it so i like it i just don't think that it's sustainable to just buy little tokens. Like now it's like people gambling on what next coin pump fund will be
but they're saying they'll incentivize only communities.
So now at least people will start farming these little communities and start
I guess overall it's great for engagement.
It's amazing for engagement.
let's see a few thoughts back on the pump trade.
I played it on perps and not spot and got liquidated because I saw at 2.2
And I was actually falling when it went down that low.
this probably is a good buy there.
And now it's up 50% and I'm out of position.
I do think these announcements have been good,
but people still want a little
bit more. The buybacks are great, but the airdrop looming is still this huge question mark.
And now that it's moved 50% off the bottom, I think people are maybe a little bit more hesitant
to enter here without knowing what the airdrop looks like and what kind of sell pressure is
of sell pressure is going to come from that so i am curious if it maybe has hit a local top here
going to come from that. So I am curious if it maybe has hit a local top here.
um as for the announcement i do think this is how you generate excitement and people get people back
to your launch pad because now you have more of a shot to get into a new token that runs to 10
million and that's where you can make a lot of a lot of gains um and like we're already seeing it
how quickly they got back over 50%
market share. There was a point yesterday where
Bags had flipped Let's Bonk
as well. So Bonk was in third.
That's the screenshot I saw.
What is happening is these Launchpad
wars are actually playing out just like
how we predicted they would.
token, the Nine Cat meme,
It hit 12 million briefly yesterday.
So that's from the Bags launch pads.
They had that cabal pumping that coin.
You've had Pump quite literally pumping 10 of their own meme coins,
and then Bonk getting behind the Boss meme,
which we've got to quickly talk about.
I'm here. I'm going to find him. I'm looking for him. Oh, which we got to quickly talk about. This is-
Oh, this is why you're in it.
This is why Froak went to a beat.
The boot's on the ground.
We are going to find the final boss.
They sent him a private jet to fly him back up the island.
This is an incredible story.
This is the fastest runner we've had, I think, since – I don't even know.
See, I haven't been paid – I can't even say, oh, I saw it a million because I didn't see until 20 mil.
But I hope people make fucking money on this.
That's a good way for people to inject cash,
whatever the fuck pump teams,
And I hope people take profit.
Like y'all should be dumping on these launch pads because they got money.
And this is really true of wealth.
Don't want the launch pad cabals.
I'll still get dumped on by the way and keep,
I think that's good advice um my personal boss
story a buddy who doesn't send me tokens sent this at 680k the first night i was in bed i woke up it
was at 2.5 and i thought i just missed it and like if folks remember like we these new viral
memes just hadn't been doing that well and i again i I had PTSD from the stupid Coldplay concert 4K meme,
which was so viral but didn't go past like 3 million.
And then the first day it went to 20, pulled back to 12, to 40.
And now it looks like it's forming a cup and handle at all-time highs,
and it's about to go higher.
So I'm not holding it to this, but what a run this has
been. And the trenches feel like they're back. It really does. I think a few things you need to
watch out for is you probably have to have a little bit of the calculus, like, is this a coin
that a launchpad could get behind? That has to be a part of your decision-making right now. I think
if you're getting into these new pairs, because it's not like they're going after all of them so like we
had one bags coin run the nine cat we've had one bonk coin run really this week it's boss
um and then now in the pump coins it's a little bit broader but they're not all right like chill house is just kind of chopping in its range um i mean solana's
not like again like far coin is fucking 101 bro it's literally just become a stable coin it's
got me absolutely mental so it's not like solana's doing good like trenches the memes tyler
it's the most frustrating chart in the history of crypto. It is.
Um, and I've been just resigned that I'm not going to get a pump on this until Q4.
Let me tell you how many days it is.
If it wasn't for wrecked, dude, I would be just genuinely just, I think if it wasn't
for wrecked, I would be making bad portfolio management decisions right now.
I probably would be rotating back.
I mean, like, but I don't need to because my rect is just ridiculous.
But in a way, like it's up cost.
So I'm even thinking about it the wrong way.
Like I could have just moved my fork and position to rect and I'd probably be up like eight figures right now.
And I'd be like, chill it.
I'd be retired with Mando right now.
Um, but, uh, but I'm not.
We are at 108 days. I'm be retired with Mando right now. But I'm not.
We are at 108 days of this price action.
Actually, even, sorry, more, sorry, sorry.
It goes all the way to, if you go to April 14th, actually April, April 5th is when we
really hit like 900 for the first time again.
So we're talking about 119 days, however that is in a month. That's insane. April 5th is when we really hit 900 for the first time again.
We're talking about 119 days, however that is in a month.
That's insane. Here's how I think this
plays out. I think we're going to get another
grind up, probably to a slightly higher
high, maybe 175. We're not going to sell it.
Then it's going to dip again.
I think it's going to come all the way back.
We're going to have the final
leg down. I remember vividly
this is how WIF played out before WIF did its parabolic run.
and then three big declines.
So I'm purely pattern matching
But that would line us up
I told the homies because they laugh
at me about my foreclown position sometimes
and I started making jokes about it. And you see them. I told the homies because they laugh at me about my Farquhar position sometimes.
And I started making jokes about it.
I'm like, ETH to 5K, Solana to 200, Farquhar to 105.
And that usually means it's getting to the point where it should go on an aggressive run, Tyler.
At least we're not shilling something here just
dumping it like we're yeah we're we're proper community members here um i was up ridiculous
though at like one six that when mando said broke you should sell him buy some meat
you know your boy had made, had a great trade on.
This is such a totally different trade.
Pull up, pull up this guy.
Douglas A. Bonepart on Twitter.
literally like one of his last,
I was talking to Obi about this.
I do sometimes talk to the boys like,
like you think I'm being an idiot?
Like should I be straight or not?
it still has the biggest mind share.
it's always the one coin that you joke about.
So it's like, I'm getting mixed signals here.
Cause the market's telling me, Hey, Farco may not be the one.
Like the market right now is showing you a hand,
but Solana is also not being in.
So I'm not, if Solana, I would say Tyler,
where I would cut personally,
like where I would say like drug line is if Solana goes like,
you know, Solana's at the range top here, like 177.
If Solana breaks through that and goes back to $200
and we don't see Farcoin back in the range highs, I would be worried.
But for now, I wouldn't be worried at all.
It's still like Farcoin, hard A rises.
I am curious what Alan will do.
He's like, I don't think Alan can really throw like $50K at Farcoins.
I don't think Alan will do. He's like, I don't think Alan can really throw like 50K at Farcoins. I don't think it would matter.
Pump, strategic, reserve, PSR, like a million dollars worth of Farcoins.
Yeah, I think that's enough that it still wouldn't be like a crazy pump.
It would probably pump it a few percent, maybe 5%, 10%.
But it would be the signal that like, all right, we mean business.
And I think people would rally behind that a little bit so Alan
if you're listening but pump
7 figures into Fartcoin well
there's something else there's another asset class
ripping folks and it is a
surprising one and it's runes
so Coinbase tweeted that an image of the magic internet money,
imagine if this came to life or something like that.
And then Elon Musk retweeted it.
And the MIM rune went up 50%, 60% on the back of that.
It's cooled off a little bit.
I didn't realize that this one was kind of hanging out.
So it's at 90 million. I mean, it's cooled off a little bit. I didn't realize that this one was kind of hanging out. So it's at $90 million.
I mean, it's not a huge market cap,
but there aren't that many Solana memes higher than that right now.
So it's a decent market cap.
You've got dog hanging out at $3.23.
It's never really fallen.
Pups is $30 million, so it pumped 30%.
It's still at $30 million.
This thing's even RuneCoin, the dustiest Rune there it pumped 30%. It's still 39. This thing's,
the dustiest Rune there is
I can't talk about RuneCoin
I'm going to talk about Dog.
Let's talk about it. Should I say, should I have a, Do I give a take about dog or I'm going to get like,
cause they have a strong community.
they've shown me multiple times.
at what point do you think about like the farcoin trade I was just talking about, right?
All the runes are the same price.
Actually, it's getting whacked against Bitcoin.
So if you think about it in the sats, this is the sats turn.
These runes are supposed to be beta.
Any alt of the main chain is supposed to be beta to accumulate more of said chain.
You buy memes on soul to add soul.
You buy memes on ETH to accumulate ETH.
But this is not the case.
And the ordinal charts are roughly the same.
I mean, puppets are back to 0.44, but 0.44, but still the same.
I saw all my puppets, so many.
Wizards, at least a 0.2 Bitcoin.
Wizards chart is probably the most interesting of all of these, I'd say.
I think the separate wizards of all the ordinals are the most interesting.
They're basically at all time high.
And part of the, like, there's no one,
there are no spokesmen in the ordinals ecosystem that are that loud.
I'm sure they've got pockets right
they've got pockets but like i don't see them on my timeline at all the only reason why pups is
dog is like three four hundred mils because leonidas is doing an incredible job yeah that's
it like we could champion of his own coin sure there's credit and but yeah dude it's not even
that i'm trying to meme rules it's not it's not it's not a good trade. Yeah. It's not a good trade.
Well, pivoting quickly to what might be a good trade,
I wanted to quickly talk about you with this for our listeners who have stayed on till the end.
And we'll get to Yeet here in a minute.
I'm very intrigued by Linea right now.
We had a nice conversation with Declan yesterday.
What's specifically intriguing to me about Linea,
I guess from a macro perspective,
I think it's clear that Joe Lubman has been having conversations
and bringing big players.
He wants to bring big players into Linea,
like big institutions, big companies,
to have them build on ETH, on Linea.
He's absolutely having a huge market impact right now.
They've already got 600,000 ETH.
The linear tokenomics are set up in a way
that the team isn't getting tokens
So who's going to sell this thing
on day one in the first month?
Where's the sell pressure coming from?
And you can say the farmers,
but that allocation, as I understand it,
So it's a very interesting setup for a TGE.
just that clip of Joe Lubin,
they put like that thug life class on, like, the fucking coin. They put, like, that Thug Life
investors. Linea is, like, run
Like, Joe Lubin is so rich.
Like, the more Ethereum goes
up, guys must be worth, like,
five, ten billion dollars, right?
I don't even know. I'm just saying.
I have to say, like, yesterday, I don't even know. I'm just saying. I have to say like yesterday,
like I was like really hyped about Linion.
I've been learning more and more and more as we go.
You know, we've aligned with them
because also we're very aligned with consensus
it was more of a strategic partnership for us
But yesterday, man, he made some good points.
I texted Lox and Elon, right?
I was like, yo, this 85% thing is really interesting.
I've been doing the show.
That could be a good trade, Tyler.
That could be a good trade.
That's what I don't know.
I mean, we think it's probably going to be in September.
And a quick shout out to Marriott on Linnea.
I genuinely know nothing.
I think it's coming so soon.
They're talking way too much.
This is the line that I'm surprised hasn't moved more.
Something big on September 16th,
which we talked about with Declan yesterday.
Basically, if any new details on their TGE are announced
between now and September 16th, this resolves yes.
So I do think it's coming somewhat soon-ish.
They've been clearly leaning into it.
So it's something to pay attention to, absolutely.
It's something to pay attention to.
I'm up $10 since yesterday's show.
Hey, I'm not sure how you all do this 9 to 5.
Let's pull up the L2s and the valuations.
We go course market cap categories, layer two.
In terms of valuations, fully diluted.
So Mantle 6.6, Arbitrum is 4.2.
Yeah, I guess the example is always Arb and Optimism.
So fully diluted Arb is 4.2.
And then market cap, Arbitrum is 2.1.
Linea has got to be opening.
I think Linea has to open close to Arbitrum.
It has to open neck and neck with Arbitrum.
Go by fully diluted though.
So this is going to be lower float.
I think there's going to be less tokens on the...
That's how I was interpreting it.
to get to 4.2 billion FTV,
You're talking about the blockchain of
Sharpling Gaming and MetaMask.
but I think there's going to be a different
investors and institutions are going to
think about Linnea versus how crypto natives are going to look at it because crypto
natives might not be doing a whole lot of money right now.
Is what if Sharpling gaming just says,
we're buying some linear too.
or what if they start spinning up?
What if they spin up a NASDAq company to start buying Linnea?
Not Sharpling, because I don't think you can just do that.
I think something's going to happen.
I've been trying to figure this out.
So in a world, would they park their SBET ETH on Linnea
and then effectively farm and accumulate more Linnea tokens
as yield, which goes on their balance sheet
and makes the company more valuable.
I feel like that's almost a certainty,
but the only thing is, like,
is there going to be some limitation on, like,
oh, here's Joe giving Lin linear tokens from one bucket to,
like from his right hand to his left hand.
So like, that's the only thing I've been
still kind of thinking through
is perhaps like the risk to that.
But it seems obvious to me that they would do that.
And it would be a very interesting way to,
for Sharpling Gaming to also have additional yield,
which would be good for the stock,
which would be good for them
which likely makes Linnea go up as well.
So it's a very interesting flywheel.
It's going to be fun to follow,
and I think that's going to be
Are we set up to do Yeet?
First and foremost, it was the fourth highest volume trader or Yeet user, gambler, whatever
we call him, on using the FOMO hour code.
So yeet.com forward slash FOMO hour.
You have to use our code.
The fourth largest was J Bruce,
I don't know if he's here.
a lot of people gifted us subs and then Sims ran the citizen vacation.
you ran it from his home.
we would have done it in front of y'all, but we did it like we always do.
The person who won the subscribers that won today's giveaway is AIBrawX.
He said he won. Wow. Congrats. Where? In the joking. He said he won.
In the chat, he said he won.
I thought he was just a shitposting.
Hey, bro, congratulations.
So basically, and I promise it's real, like, Sims can show you guys that we ran the wheel
He's just like not working this week and he shouldn't be because like technically
I'm not allowed to tell my people they're not allowed to
I always joke with them every time someone's on vacation I'm like
fuck off man but yeah technically
I'm supposed to let them take their
so AI Rev congratulations
but you know I know AI Rev gave us a hundred subs, et cetera.
I actually liked the fact that Friday's is for, if for subs givers,
so I think you and I take it back to Sims. I think we just like the far corner Friday.
Let's just give it to people. Subscribe. I'm in, I think we just think we can do that. We can do
also stuff like three days a week is three random winners.
One day a week is top, like best volume of the week.
But for now, like I think we do the gift.
So anyways, that's what it is.
So J Bruce will go first.
Abra, stay here because he may even request if he wants.
I know you're the one running it, but let's go and let's do it for J Bruce first We plinko him and then we do something fun with Abra. How's that? Let's do it
All right, or do we do for do we do it for Queen Friday for
So this would J for J Bruce alone, okay first
You guys won't hear the sound cuz I don't have my roadcaster today sadly
So I'll have to do no sound but I can sing we'll give you the sound don't worry the sound because I don't have my Rodecaster today, sadly. So I'll have to do no sound, but I can sing.
We'll give you the sound.
We'll give you the sound.
So J Bruce, congratulations.
He's the fourth largest – the fifth largest.
Fourth largest volume user of Geek using the FOMO R code.
We're going to do this more often.
So keep using R code for the competition.
We'll be giving out the whole $19,000.
Are you ready? I'm hearing the audio, by the way. I'm hearing it. You are? Yeah.
You are? Yeah I'm hearing it. I don't know if the spaces is or not. It doesn't matter.
All right so what do we do? ETH and fartcoin? $250 each?
It would be horrible if fartcoin went now. Okay, thank god. It's always such a sweat.
So we do what? Bitcoin fartcoin for the person who's down here?
I think ETH fartcoin for ETH 4K.
Oh yeah, ETH to 4K. So this is not for AI Bra just so you know.
Yeah, this is for the other one.
So AI Bra in the meantime, pick a token aside from fartcoin.
Yeah, be thinking AI bro It's hard for Friday
Hold on Farts alive Farts alive Come on. There it comes.
How you doing, man? You won. What coins do you want?
You have to pick Fartcoin, but what other one do you want? Let's go. Let's go. Let's go.
Oh, my God. You're going to get 69X on Fart.
Come on, Fart. Pray, Ibrah. Come on.
Oh, brutal. But you still get 500 bucks. Oh, no. AI, bro. Oh, brutal. But you still get 500 bucks.
Thanks for the opportunity.
I love this guy, too. He's so cool.
69X. We're going to hit one of these
for our coin fridays. I know it. Oh, man. He's so cool. 69X. We're going to hit one of these for our coin Fridays. I know it.
to the guy who's the fourth
to Airbraw. Damn, Airbraw. I feel like
But that is 100 months of
That is it. 100X is returned. Yeah. of subscriptions. So that is it.
I'm not sure I'll see Monday.
I don't know if I'm on the show Monday.
I'll keep you guys posted.
That's why it wasn't off.
I had to take a last minute trip.
I think I should be fine for a month.
But anyways, see you on Monday.
Peace out. so Thank you. .