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FOMO HOUR: Crypto Reacts to Hawkish Powell; Base Is For Everyone
Recorded: April 17, 2025 Duration: 0:53:40Space Recording
Short Summary
In a lively discussion on FOMO Hour, hosts explored the latest trends in the crypto market, including the impact of Jerome Powell's comments on Bitcoin and other major cryptocurrencies, the strategic partnerships being formed by Binance, and the exciting launches from the new Launch Lab initiative. The conversation highlighted the growing interest in tokenization and the potential for new projects to thrive in the evolving landscape.
Full Transcription
Thank you. GM, GM, everyone.
Thank you for joining us here this morning.
We're going to start the show here in just a minute.
We're going to get our speakers up on stage while we wait.
A couple shout-outs here.
FFE, Erking, Castro, Medex, GM, GM, Harry Krishna.
The homie, he's always here. GM. Ampfex Castro, Medex, GM, GM, Harry Krishna, the homie,
he's always here. GM,
Antfex, Swedro, D-Gen, Ty,
T-Block, Steph,
Bonza, GM,
GM, Artami,
3113, Squilliam.
Thank you for joining us.
All right, we've got Myriad up here. Let's get FOMO Hour and the co-host
seat. All right, Sims, whenever you're ready, let's kick it. Thank you. Good morning, good morning, GM, GM everyone, and welcome to another episode of FOMO Hour.
Today, today is Thursday, April 17th, 2025.
Today is Thursday, April 17th, 2025.
Folks, the sun is shining.
It's a beautiful morning here in the northern suburbs of Chicago.
Easter weekend is almost here.
Jerome Powell tried to rain on our long weekend parade,
but it's looking like Bitcoin.
Crypto majors are shaking it off in all of his hawkish comments.
And now the question, can we run all weekend?
We're going to break it down on today's show along with a lot more.
I was going to say no Mando, but breaking news.
Mando is in the studio here today.
So we've got Mando on with us.
We've got Farouk on with us.
It's going to be a big show indeed.
Boys, G GM, how you
doing? Good morning, lad. Good morning. Wow, look at that. Dude, Yeet sponsor. Mando's
first in the studio, and he's here when he says he's not. I'm telling you, this is a
new, this is, we're reformed. We're going to be fucking cooking now. This is big. Well,
Mando, we appreciate you jumping in. I know you've had a
super busy day.
Is corn waste your fix?
No, corn waste will be fixed on
Monday. I think that's what the devs said.
Can the devs please do something, man?
Brother, it's just
so many people. I know, I know.
I'll fuck you with you. I'll fuck you with you.
Farouk, how is
Paris?
Dude, nice. I woke up with you. I'm fucking with you. Farouk, how is Paris? Dude, nice.
I woke up this morning.
I mean, last night, you know, got wine and dined.
It was nice.
It was a great time.
Had a great restaurant, beef bar.
And then this morning, 7 a.m., on the dot,
I had a driver waiting for me downstairs at the hotel.
Drove me about an hour out in Paris in Deux
onto a private racetrack where we drove
GT4 RS and GFTA4 RS
Club Sport that won championships
branded Myriad and Rug Radio.
I'm going to be in a little Web3
game.
It's going to be fun and we're going to do a whole partnership.
But I got to drive
some pretty sick cars on the track for the first
time of my life. So I have to say,
it was a really good morning. How fast? How fast are we talking i i didn't even pay attention it
was that like it was like that it was one of those things where it's like i floored the fucking thing
and it was like some pretty heavy duty cars so must have gone must have gone fast okay gone fast
yeah you guys will see the footage but it was sick sick. It sounds pretty fun. So you've had quite the day here already as well.
Well, I know everyone's busy, so let's get right into it, folks.
What are we going to talk about on today's show?
We've got Jerome Powell's comments.
He's hawkish.
We're going to talk some of the market impact.
Looks like NVIDIA CEO Jensen, he's going off to Beijing,
perhaps to try to ease some relations here between the U.S. and China.
Binance is saying multiple governments are approaching them
for their own strategic reserves.
So we'll hit that.
ETH Bitcoin finds a new low.
The trenches showing signs of life.
We're going to talk about this whole basis for everyone situation.
A new Solana runner hitting $20 million overnight.
More recapping of the Launch Lab debut from Radio.
Some of this OpenSea cross-chain minting.
What that might mean, plus more.
Before we dive in, shout out to our partner, Wallet Connect.
Wallet Connect is the connectivity network shaping the future of on-chain UX.
If you've connected to a Web3 app, you've seen Wallet Connect.
That blue logo, it's everywhere.
And I kind of trust in
crypto as recognizable as Visa at the checkout. If you want to learn more, follow at Wallet Connect
on X and Telegram to stay ahead of what's next. We love our partners as always. Amanda,
if you're ready, let's get into it. Let's get into it.
Who is the man, macro daddy of the man
Can you dig it?
Yeah, so I think it was really just a pal that caused this sell-off, I guess, yesterday.
He had a speech where he was just a little bit hawkish.
Or just said he wasn't going to ease
basically which i think i've been saying for a while right like um i don't think power can really
do much in this environment if you're looking for global liquidity and money printing it's
going to have to come out of other countries because how's going to have to wait and see
with what's going on with inflation like um given the size of the tariffs and the uncertainty about whether they'll persist or not,
like he can't be the one who acts at all here.
And the data in the US has gotten weaker in some spots,
but it's also not terrible in others.
So Powell, I think understandably,
just basically saying he's in kind of a wait and see mode.
He doesn't feel any rush to reduce rates.
The market didn't like it, but it's kind of recovered a little bit.
Gold continues to be the main thing going on a tear.
It's down a little bit today.
But, yeah, yesterday there was a point where we kind of sold off,
think about 3% or 4% on stocks.
And then we've kind of rebounded a little bit now.
So I don't think it's, I don't think it's that terrible.
Crypto, you have, you have Bitcoin just hanging out still around 84K.
We have a big outperformance in Solana and hype continuing.
So hype's back up to 16.
Solana's up to 132.
Just a general better day for other L1s.
Bitcoin dominance is down pretty slightly there.
It feels unbelievably quiet to me.
I don't know if it does to you,
but it feels like crypto Twitter is back to the depths of the
bear here, like who's around.
All the tourists
seem to have left, and when I
look around, it's just like, it's the people who
are posting for yaps, you know what I mean?
It really has returned to
our community,
let's say.
In that world,
like I think the thing around bass yesterday made a lot of noise,
but yeah,
I don't really know.
Like that 15 million,
this feels like a story that everyone had to have a comment on because it was
the only thing really going on.
Yes.
That's really it.
Yeah.
Right.
So yeah, I wasn't, I thought it was probably not smart of them,
but I'm like, I just don't think enough people really, really care enough.
Yeah, I think the only real, like, overlay to this is just that Solana
feels a little bit better.
Radium announced a new token launcher yesterday.
So maybe we'll get behind that a little bit for some of the agent activity.
Its revenues back up to the highest level since February.
I did see another wild stat,
which is that Bitcoin ETH is up a hundred percent in the last year.
Bitcoin ETH is up a hundred percent in the last year. Bitcoin ETH is up 100% in the last year.
This year, basically.
Yeah, basically.
In three and a half months.
Wild, wild move.
I think ETH revenue
has dropped below 100k again today.
So, tough.
Tough, tough, tough.
It is a jarring number. I mean mean when we started the year it was 26 27
eighth per one bitcoin and like that was like you know fairly high but kind of
in the ranges we had seen before then now one quarter later it's 53 53, which is just, it is just an eye-popping number for me.
And that's just like, how high is it going to go?
And is there a bottom or a top?
And it doesn't feel like there is.
And it's smashing my beloved punk's Bitcoin ratio along with it.
But that is a,
that's a tough one.
When you see this,
it's just like,
how do you,
how do you justify holding Ethereum?
When you look at this,
it's a tricky one.
I want to come back to,
to some of pal's comments.
So pal keeps saying that he's going to hold the line.
Right.
But like these CME rate futures tell a bit of a
different story so the may we're just seeing 11 odds of a cut so no one thinks there's going to
be a cut really in may june odds are at 60 for a cut and then when you go to december
we're at 30 the highest probability is four cuts, 35%.
So people think the rates are coming, the rate cuts are coming, still clearly.
But that doesn't totally jive with what Powell's saying.
And Powell's saying that he thinks tariffs are going to drive inflation up.
So if inflation is driven up and we're not going to even know
and start seeing these impacts for months
to come, how is he
cutting rates? So is the market just
betting that he's bluffing
effectively? What's your take on this?
It's a good point you're making.
And I think
it's more that Powell
can't say anything. It's impossible for him to say anything.
He can't say, look, we're going to cut rates when you announce massive tariffs, which could
potentially, um, drive up prices.
That would, that would just not make sense.
But I think the market is predicting that the U S is, um, that the U S is going to face some form of mild recession here,
or bad recession.
It's definitely the market.
This is the market saying things could get a little bit bad here.
That's my go.
Yeah, I think we're seeing some more of those headlines along those lines.
So like Bloomberg was tweeting this morning,
24% of Americans scrapping plans for major purchases like homes or cars due to
tariffs. I think due to like broader economic uncertainty right now.
We had stats on the show last week and he basically said he finds himself
making decisions like let's go to a cheaper restaurant tonight. i think we are starting to see more of that um broken out your traveling i'm
curious like what's your boots on the ground take are you seeing signs of anyone in your circles
tightening belts i don't know bro wizard of soho is part of my circle so it's tough um you know
he's buying a buying a house a week and then perry was building
a new swimming pool and skateboarding inside of it this morning uh and then mando you know
mando is big mando uh no i'm kidding but it's um i don't outside of the crypto bubble yes let's put
it that way absolutely i see my mom right a little brother like it's not like they're swimming in
money i help my family out but you know i mean like it's not like like my mom has to like she pays more attention right
uh so outside of the outside of the twitter bubble yes my friends right even when we go out but that's
been happening for a minute but canada is also separate like canada's really been fucked before
you guys right our dollar the economy inflation is horrible groceries are extremely expensive in
canada so i've been saying this for a long time, right, about Montreal,
how when I leave my home, I kind of feel really bad
and a little bit guilty sometimes, genuinely,
because, you know, I'm here with my homies,
and I often pay for everything because I love that I want to treat people,
but, like, I can tell, like, they probably can't keep up with certain things.
And I think it's catching up to America now.
But Canada had it before you guys in a way.
So definitely, I've been seeing it happening.
And in Montreal, a lot of bar owners,
restaurant owners kept complaining
that there's not enough people going,
so they close more days.
Nobody's buying a $300 fucking bottle of vodka at a club, right?
So I think in the crypto bubble, the answer is no.
Depends on the market, but at 85 K
bacon and, you know, so I'm not still doing quite good and to sell some runners.
So people are, I feel like a lot of people cashed up in this last run, honestly, and
actually did pretty good.
Uh, but, uh, in general, like outside of the crypto bubble and invite people to actually
exit that bubble to get a little taste of what money is like.
taste of what money is like um you know it's definitely felt absolutely i think my take is
Um, you know, it's definitely felt.
Absolutely.
this is more tied to uncertainty than like true current state pain like i think it's like what
logan was saying about his parents right remember like they finally called him to ask what to do
with their like money and stuff like i think it's uncertainty. People are worried. They aren't necessarily
struggling to make
to pay the bills in April
2025.
But the next few months,
perhaps back after the year, are a little bit more
uncertain. So people are starting to tighten up.
Problem is that that's going to
be reflected in all the economic data
for Q2.
So I think that is what also could point
to a potential recession here.
So we'll certainly see.
There are a few other macro headlines on the day.
Let's see.
So we had like the March housing numbers.
We had jobless claims.
I think the jobless claims came in a bit under expectations.
Housing was much worse.
Housing startups and building were worse than expected.
I think on the crypto front,
probably the most interesting headline came right before the show.
Binance saying multiple governments and sovereign wealth funds are approaching
them about crypto reserves.
So this is going to be a continuing thread to monitor here.
We've talked about the American strategic reserve and how that might come
about.
The wild card of course,
is if someone beats them to it.
Right.
And if other countries start,
start building these out.
So I don't know if we'll get specific data here.
But man,
no curious if you,
if you have any takes on this one,
you know, we've talked about whether or not it makes sense for the US
and coming out and buying perhaps does not
of course we know a few other countries' sovereign wealth funds
do hold crypto related assets like Norway holds
MicroStrategy
do you think they're just kind of pumping their own bags
or do you think there's more substance to this?
I think a lot of countries
are probably reaching out to Binance about that.
I don't know if they're major countries.
I would say it's a lot of poorer countries.
In many ways, crypto is more attractive
to failed states
where their currencies are not doing that well.
I don't know if any of the G7 might reach out to Binance here,
but if I'm Pakistan, you know, we just made CZ, their advisor,
you're going to see a lot of that.
A lot of countries with the ability to either mine crypto
or potentially buy it would reach out to them.
I don't think Norway is one of those countries.
I don't think it's China.
Yeah, that makes sense.
Countries who have a little bit more to gain, perhaps,
and are willing to take on the speculation.
Yeah, exactly.
So we'll see.
I'm sure we'll continue to monitor that thread.
I think the biggest story of the day,
maybe we can just kind of go there.
Or real quick, before we do, continue to see the global M2 supply.
Our good friend, Raoul Paul.
We love that chart.
Our good friend Raoul Paul was doing his own spin on this here yesterday.
I've seen so many iterations of this.
I've seen the 108-day lag, the 120-day lag
of M2. So everyone's just going to keep
changing
the timeline and
overlay until it finally
matches up. But
if they're right,
it does
seem like we are getting close-ish
to where
this bottom zone starts to turn around.
So, some hopium.
Some hopium out there.
And we know that the global M2 supply is going up.
I think largely driven by China right now.
I think we'll be fine.
This is the calm before the storm, lads.
This is the calm before the storm. Everyoneads. This is the calm before the storm.
You know?
Everyone's going to expect Salome to go away.
But they're going to go away.
And we're going to cook.
And they're going to be away from their keys,
partying in the beaches of Saint-Tropez.
And we're just going to be out here, you know,
seeing new highs and chilling.
I think this is the summer to stay online.
Summer 2021, right?
It was hot. Oh, it's true.
So if we're on the four-year
and then
I'll give credit to Easy on the Nifty
show this morning. He said, buy in
May and pray.
Buy in May, pray is the quote this year.
I like that. I like that.
It's a good one. That is a good one.
So I will be doing my share of that,
or at least holding through me and praying every day.
Let's talk about what happened on base yesterday.
So I'll go through it.
We got the tweet around 4 p.m. or so, 3 or 4 p.m.
Eastern base says base is for everyone.
They've got this image here and then their second tweet.
They coined it.
So they effectively tokenized this on Zora.
So the token is live.
They went on to post about it a bit more.
We see the early price action.
So I guess this came out around 2 o'clock Central, 3 p.m. Eastern.
It immediately grinds up to $15 million,
maybe overshoots $15 million briefly.
And then they launch a second token, and it plummets 90%.
Then, of course, that's when everyone on CT comes out
and starts victory lapping the decline in the token. Jesse Pollock goes on a press tour, effectively talking about their ideas here and what they're trying to do. find those Jesse tweets. He goes out and describes content coins versus meme coins,
and he's pointing that this is more of a content coin and just talking in general about his idea
that they want to tokenize everything. He retweeted some of his old tweets from a few
months back. I'm going to try to find them here, folks, where he basically said,
when you drop one token, it's going to
be called a rug. When I launch 10 coins, they will, wait, when I launch one coin, they'll tell
you I'm launching a meme coin. When I launch 10, they will tell you I'm rugging. When I launch 100,
they will realize that I'm pioneering the next generation of media, culture, and content. So he
really leaned into this, went on spaces spaces was defending what they're trying to do
as i understand it basically saying everything like instagram content phrases image just anything
creative they want to tokenize it and bring it to base and so they executed that by launching multiple tokens yesterday. And the second token
is what drove the immediate sell pressure on basis for everyone. But playing this out,
the folks who bought the FUD had done quite well here. So it bottomed below a million,
reached over 20 million peak. Wow, easy quick 15x and even right now
it's at 13 million so a 13x here uh we saw a variety of responses we can get into those here
in a second folk maybe i'll toss it to you uh quick reactions to to the situation and then
maybe part two like do we need tokens for everything?
What's your take on that?
I mean, you're free to do what you want with your money.
And also, I want to publicly state that I think it's lame
to celebrate immediately divesting of long-term builders
who are rewarding us for our contributions
and using tokens to bring us in as co-builders,
long-term over short-term.
Incredible.
No, for real. Everyone's tagging no for real last time at dinner
I got the everlasting
beef with Jesse
I don't even care
and actually
the people I'm with here are building stuff for base
my opinion
on the matter because I did think about it a little bit because I did read some of the commentary this morning on on on x is
Yes, I do believe social content should be on chain and tokenized
So the future of instagram future instagram like what zora is doing should be on chain
The crypt articles are all technically on chain like they're still on walrus yada yada yada yada
So yes content on chain like the store on walrus yada yada yada so yes content on chain makes sense
no i do not believe that every single piece of content should then become a token does that make
sense like i don't like the idea that like every single post becomes token because then what if i
because i actually looked into it i was like yeah this is cool like i would actually because you
know i think about photos and do all the cool things i do i love sharing my food videos on
on x that you guys see it all the time.
I want to share things on this Zora thing, but as someone with half a million followers,
and you know what happens when I share stuff or whatever, if this post I make becomes a
coin and the coin gets rubbed, which it will because I'm not going to have anything to
do with it, nor pump it or anything I'm one who's
gonna take a blame and so this is what happened to base so I think like this is one of those
things where I think like obviously because like Mando's right um I actually agree with him
wholeheartedly like this made this became a big deal because there's nothing going on right now
um also because you know Jesse has made it so you know, a lot of people may not really like him.
Right.
Also.
Um, and, um, and I think that, you know, I don't think he did anything base.
It's not even Jesse.
This is something based at anything wrong.
Uh, at first I was like, what the fuck is this?
It's terrible.
But then I looked into, I'm just like, I just maybe don't, I'm not a big fan of the idea that every post becomes a coin.
No, I, I I I don't like it
And this is what makes me as someone with large falling uncomfortable to maybe use the product
Because then what you guys are going to tokenize my stake pick
And then what i'm going to get blamed because on chain is going to come out of me
So what's the repercussions down the line with this now?
We know it's trump's america, but what happens when it's not what happens when I have a hundred posts up?
And that means I have technically a hundred coins tied to me
But hey, we have myriad coming so that should be my phone
so, you know it for the common person and I mean the person doesn't have a following that wants to share stuff. I get it
I'm just a little worried about what happens then maybe Jesse or his team or the Zora want to come up
We should have we should hold them to come and explain this Jesse asked for spaces to come on to
He should actually come on here. You guys should tag Jesse have a combo with him about it
like actually I don't care about the cat or shit. This is just stupid, but
I just don't know
Plus one for Farouk to be deported to C-cut. Fuck you, man
But you know what I mean?
Yeah, no, I'm with you.
And A, I don't think there's anything wrong with tokenizing everything. I think that the problem here, a couple, um, Alan, I agree with Alan's thoughts.
Alan, the Pumpkin founder, basically saying that there comes some responsibility when
you have a large following, a large platform and a lot of social capital, when you launch a token,
that there are going to be expectations for that.
And like that can,
you can get yourself into a messy situation.
and I think there is a difference between like open edition NFT mints and
tokens,
right?
Like we've seen that.
And BASE has launched their share of open edition NFTs.
And we never really saw anyone complain about those.
Right?
And we had people, some people speculated.
Some people would have meant a thousand of those.
I myself have minted 100 of some of those BASE NFTs for speculation purposes.
And I didn't get mad about it.
But it's a little bit different when you see that token run to 15 million in the first 10 minutes and the whole base team is behind it.
So I understand that's part of the fallout.
The other part of the fallout was this whole like Solana versus base conversation.
Yeah, that stuff is –
And I mean a lot of people threw Solana under the bus for the meme coin meta and how they – and how their leadership was behind meme coins and effectively implicit or complicit in some of what happened.
And now you've got base leadership throwing themselves behind,
effectively the same thing.
I mean, to be fair, and this is the thing as a team
because I think the team is great.
On Solana, time.fun I think is awesome.
I've checked it out.
They've asked me multiple times to join the thing.
I've seen them in my mentions, and actually I should answer them just out of respect.
But the reason one of the reasons I've not done it is because it becomes a coin.
Right. So there's a Farouk token that's out.
I don't want that.
You know, all the attention I'm going to push is going towards Myriad whenever that happens.
You know what I mean? It's like I have to focus on this.
So as someone with a following, I have a different approach to this and you guys to write both of you
Right manage whole focus is only gonna be eat now. He can't afford having posts out there that he makes
And then there's except expectation of people and we've seen this happen technically with frantic we all became coins
Remember that guys, we were all all coins so I don't know
it's
it's
it's a tricky world
yeah I do think maybe Jesse misunderstands
maybe I don't want to
put words in his mouth but maybe he misunderstands
what the people
actually Jintao kind of wrote this
what the people kind of want versus
what they're trying to build with it.
I'm curious to hear it from him, but I just – I don't see – I guess I agree to disagree, right?
I'm curious on what their end goals.
Again, maybe this is part of the discussion with them.
But like so you've got 1,000 tokens of all these phrases.
So what?
I guess I still like – I'm still in the camp like why why do we need this i don't
know maybe you just maybe the idea is to encourage everyone to embrace their inner creator and to try
to break down barriers so that we get more things tokenized i think the jury is still out whether or
not there's a market for that i've got jing tao post up here. I do tend to agree with
him here and he's basically saying
that base doesn't understand the
real culture. That
they come from a little bit more of a
dev background, perhaps a little bit more
of a corporate background
and they're
whiteboarding these ideas and things might
make sense in the
meeting room, in the Coinbase office, but they don't make sense for the people who are actually the day-to-day users and traders who trade these things.
And he's saying that Alan had a leg up here because Alan was in the trenches, trading all these things, trying to figure out how to make money.
And effectively, he's saying thatesse didn't necessarily share that that background um and when you look at some of the the the things
that base has done with respect to tokenizing and open additions it does feel like there's a
disconnect right yeah what's what's the last base meant token that you got fired up to like,
I'm going to bridge over and really start firing into this thing.
Probably Kaido.
Yeah.
I mean,
I would consider Kaido really a base product
to be honest.
I'm curious for the token itself.
I was away from keyboard.
I was driving.
So this thing is. I'm so surprised you're not all over this.
I would have.
So here's the thing.
I was lucky because had I seen this at $10 million and just straight up,
I probably would have bought.
I don't think I would have bought huge.
I would have clipped a few thousand into this for sure.
And I would have clipped a few thousand into this for sure, and I would have lost it.
I had some friends who sharply bought that first dip,
so they did well.
Nate Alex was patting himself on the back this morning for buying the dip as well.
Right?
Yeah.
It's interesting here at 12 million I don't I don't know that
this one's gonna have legs I think some people have the hope in that the
coinbase would list I think they would get massive pushback if coinbase listed
this one yeah maybe not but also does it stupid question maybe but it's on
ethereum right at the end of the day,
Ethereum price action is not great. So that does not help for,
for runners.
Maybe that also doesn't help.
Yeah.
I'm not,
I'm not buying it here.
I'm happy to be sidelined on this one.
Yeah.
I think it might have two to three X upside.
I don't think it's got 10 X upside.
I'm so indifferent to all this stuff right now.
Yeah.
So what would get you out of your indifference?
And it looks like this is selling off now,
but the trenches are heating up.
So last night,
Solana had its first $20 million daily runner in quite some time.
We've started to see the,
a month ago it was 5 million and the first day was great.
A couple of weeks ago,
it was 10 million.
Now we've got one hit 20.
Bubble Maps came out
and tweeted this morning
this was heavily bundled.
So that likely had something
to do with this.
This thing was 70% bundled.
So I don't own this.
Do your own research
if you want to buy this.
I'm just telling you right now,
it's got a bundle.
I don't know if that was
by design or not,
but $20 million volume in 12 hours and it hit 20 million.
So the opportunities are starting to come back.
I think is, is my point.
And I guess what do you need to see for Oak where you're going to start having some capital
put aside to like, okay, I'm going to start playing
some of these. Are you close to that
or are you still pretty far from that?
Nah, I need like
I need a daily fucking $50 million
runner, man.
It's not worth it, right?
I'd rather play, like I said,
the far coin volume, volatility.
You know? Like maybe when Solana's I said, the far coin volume, volatility. You know?
Like maybe when Solana's back steady above like 180, 200 mark maybe.
I think that's when fun starts.
You know?
The counter to that is that's when the game will be harder.
So like it is like an easier mode right now.
But how do you find that one Defiant?
Yeah.
So Defiant and I wasn't really around last night.
I wasn't really actively trading.
I think this is from it's tied into that group that was tied to the RFC coin,
which just ran 200 million.
Um, so like it's a Twitter account that they have interactions with elon quite a bit
which is kind of similar to how the rfc narrative took shape um but some of the other recent runners
i think it's just kind of being on the timeline seeing what starts to get talked about what starts
to get traction and then they're in the five to ten million dollar range and then you kind of look
for that first 60 to to 70% pullback.
And if you like the RR there, you just hop in.
But what's nice about right now is there aren't 25 coins to pick from. There's still only really one or two hot tokens to even take a look at.
And I'm not saying any of these are a buy right now.
I think this is going to be a weird weekend,
especially into Easter and folks are AFK.
There's going to be an Easter runner, right?
Hope so.
Speaking of Easter, quickly, the code for the Yeet giveaway today.
I like the name Yeet.
Honestly, that's a good domain.
You really cook with Yeet.com and at Yeet, by the way.
The branding guy in me really just
Gets really, like, so
Like, I have a hard-on for that
Every time I see it
Anyway, TMI
Easter is the code
E-A-S-T-E-R
No, sorry, I just love usernames
I used to, like, trade usernames, like, 10 years ago and shit
Easter
E-A-S-T-E-R
Uh, E-A-S-E-E-R. E-A-S-E-E-R.
It's Yeetster.
Not bad.
Yeetster.
E-A-S-T-E-R is the code today.
Join in.
You have to have the referral code FOMO hour if you want to win.
It's got to be FOMO hour.
Not Wizard of Soho or Kook.
They're going to hate me, these two guys.
I keep naming them.
But anyways, Tyler, back to back to you yeah you mentioned playing the
the far coin ranges like this is it's playing out right now so we just keep and it's an easy
one to play it's between 80 cents and 95 cents it's been doing this for six days now you sell
at 95 you buy at 80 and uh you've been waiting for
A time to get in so do you want to see it go well below 80 for your entry?
Are you gonna start playing the range or just just continue to kind of watch this one play out?
What do you think for
On this I don't know. I don't know. I'm not even doing it for what it's worth
but like every time you see a dip, you buy some.
And if it dips more, you buy more.
And then you just keep selling it on the way up.
Like I feel like this is going to be the story of this.
And if you believe like us, there's going to be another run.
Then Farquhar is going to run with the rest.
So worst case, you caught holding a little back for a little bit.
If you can afford it and then it runs higher.
Like you guys think I have a question for you to like,
you guys think Farquhar and goes back to its lows
300 three to four even 400
I do not in the next six months
I mean a lot could change in six months. So like, you know like a global depression back down
I feel like the next level like the next level support
is like the 600 60 cents yeah six fine i could see that easily went to 700 like three days ago
what do you think mando do you think far coin could just reverse back to like 250 mil 350 mil
um maybe on a wick you never know you never know you never know it's true it takes one guy just to say fuck it
well it just takes the global markets
to say fuck it at some stage right
yeah but don't worry bro
don't worry bro
the Cavs are in the playoffs
you know what that means
Montreal is in the playoffs
okay
that's all you need to know.
That's big.
That'll be one of our driving factors across global markets here.
Absolutely.
Let's go around the horn.
We'll wrap this up in a few minutes.
We'll get to the Yeet games.
Launch Lab, day two.
The clear winner was this time token.
I think it hit 6 million.
It peak is back at 3 million.
This rake token is now at 750,000.
Those are the only two tokens, really, that have made much of a splash.
30 tokens have graduated, five are above 100K.
So that's your market report.
We'll see how this continues to progress. One thing we've seen with all these
new launchpads, it's very hard to force good memes.
We're not missing memes
because of a lack of ability to launch them. It's just the lack of
good content, good teams, and virality.
So just the existence of this new Launch Lab platform
is not going to, in itself, make successful new memes.
The wild card is if the Radium group wanted to
push some tokens on their own platform.
Kind of like what we see with base and the bankless guys
kind of rallying behind bases for everyone.
So that's a wild card to see.
So if there's a weekend runner, will it come on Launch Lab?
I don't know.
I don't know if I'm betting that it will.
I mean, if I was a founder, you know, they had a lot of money in Radium.
That's the way you do it.
I'm not saying you should, but I'm just saying, you know.
That's a risky game too.
If I was a founder of Radium, I'd be pushing the shit.
Yeah.
Did 40M do well? Because yesterday I was trying to buy that one at like 30k because i was like fuck it's funny i
guess it died didn't even did it not even graduate yeah i don't even see it on this list all right
but don't buy this i don't have any f-zero guys i'm just saying i thought it was funny because
i'm stupid um but even that stuff i'm reluctant Back then, I used to go and pump fun and just throw
one soul at 50 coins for fun.
I don't even do this anymore.
Yeah.
I still
pay for the weekly wisdom.
And I haven't even been in that chat in weeks.
I still get my
weekly, my monthly fucking...
That's how Wiz
affords all his houses right there.
Shout out to Wiz.
I give him a lot of shit on his coat, so I had to shout him out real quick.
By the way, speaking of XCopy, you just scroll through XCopy, dude.
That edition that minted for two ETHs not long ago, one of them just sold for like 38 ETHs, dude.
Really?
Yeah, bro.
Like yesterday.
Wow.
I missed that.
Let me try to find it.
What's it called again?
Can someone refresh my memory?
It's the one he just minted out.
Man.
Let's see if I can find it trending.
Go to the X copy bot.
And the remnant number one sold for 38.84 years 17 hours ago i saw that oh wow okay yeah remnant number one and a grifter
sold again for 17 so those are holding really strong talking nfts and art yeah remnants thank
you lukey but uh sold for number one though but. It was a tweet mint. Not bad. It was a raffle.
Yeah. I mean, XCopy has been
still pretty hot here.
Wow, another one sold for...
These were selling for like 9 ETH, 11 ETH?
Yeah, dude.
XCopy market,
no bear market.
I was not... I'll just be honest.
No one cares about my opinion on
Glitch Art, but I was never a fan'll just be honest. No one cares about my opinion on Glitchart, but
I was never a fan of the Remnants.
It's just a matter of your
taste, right? Some people love that stuff.
38.8
ETH for number one.
Oh, free mint for Rare Pass. I'm sorry.
It was a free mint.
11 ETH for this one?
That is wild.
But they moved, though.
If you click on the thing.
You know what I mean?
Oh, the floor is 10.
Mendo, you still have your art?
The floor is 10 now.
Wow.
Mendo, you still have your art with Ovi?
Do I still have my what?
Your art.
Yeah, all of it.
You guys kept it?
These guys have a really nice X-Copy one-of-ones.
Yeah, he walked us through it that one day.
I was,
Oh yeah.
I was floored.
I didn't realize that you had all of those.
So clearly you guys have an incredible collection.
That's how we first came in.
Oh geez.
In the,
in the crypto art space.
Clearly.
And now it is easier for new participants to add to their nft collections thanks to this update
from openc where you can mint an entity using any native currency any cryptocurrency across any of
their supporting chains so there is an x copy mint on eth you can mint it using Apex. You can mint it using ApeCoin.
And you should be able to mint it using Solana here soon.
If that's not enabled yet, it will be because Solana is their latest supported chain.
So it's a big one.
There's not a massive demand for new NFT mint right now. I think we get one hyped NFTment every couple weeks, maybe a couple per month.
But this is nice.
They are abstracting away some of the pain in a multi-chain world.
So we see what you're doing, OpenSea.
I like this progress.
And they are starting to eliminate some user experience hurdles here.
So I know we're supposed to have Devin on the show like a month ago.
I'll ping him.
I'll ping him.
I think he got busy too.
He pushed a little bit and then I pushed and then we kind of lost each other.
I think some of the criticism and it was fair that OpenSea didn't really
innovate for three to four years.
And then OpenSea 2 was kind of like a blur copy at first but now i think we can say like this is
some innovation here like they are they are trying to solve some real issues for for those who are
trading across chains right now and the nfts is one thing i think that being able to do this with
tokens is even bigger um so hats off to them we'd love to talk to them more deeply about this.
We got about 10 minutes left in the show.
That kind of went through the items on my list.
It's quiet, dude.
We're all just chilling on the show talking about a single topic for like 17 minutes.
You know, it's quiet, but at least we're here.
By the way, I like your sweater.
Oh, thank you.
Sims did not.
Is that a birthday sweater? Uh, sims did not birthday sweater uh it's
one of my uh my suburbs suburbs sweaters uh that's that that's the that's the that's the rich man
new house sweater i like it i like that's the 40 year old jumper is right there i really like it
was talking about your sweater um yeah you know and you need to bet one dollar so basically tldr
because we're about to get to that the code is easter easter. Uh, so you have maybe one more minute to get into the raffle bot
You have to make an account using the fomo our
Uh code and affiliate and then you have to bet a dollar
The reason for that guys is just we're trying to avoid like all the potting and stuff like that
And it's one of the best ways to do so so if you guys don't mind just put a dollar bet
Um, and by the way, if you want to gamble
more, you're welcome to. Responsibly...
You can bet something, right? You can bet
anything. I think we said it a dollar, yeah.
if you want to gamble more responsibly,
you're welcome to.
I'm cooking.
That's just how things go.
And you could cook too. Anyways,
can you spare a dollar bet today? That's so funny things go. And you could cook too. Anyways, can you spare a dollar, Ben?
That's so funny.
Should I – should we go?
Should we pick a winner?
I have to chime in and say we missed a golden opportunity for the code word to be yeetster.
Yeet.
Oh, wow.
Monday, Monday, Monday, Monday, Monday, Monday, Monday.
Monday. We have Monday. All right. Monday. Monday. Monday. Monday. Monday. Monday.
We have Monday.
All right.
Let's see what we got.
Let's go.
Tukas.
Let's go.
Little pudgy. Come on up.
Come on up.
Come on up.
Alright, come on up, Tucus.
Please tell me you're here, man.
I like you. I know you listen a lot.
You gotta be live.
Give him a second, because yesterday
we clearly had a glitch where the person was
actually here.
Do you guys see that?
Because you're the main host, you see maybe more people see that? Maybe on your... Oh, maybe you...
Because you're the main host, you see maybe more people than me?
I don't see them yet. I'm checking.
Tukas!
Oh, this would be harsh.
He's a big
FOMO out guy.
I know.
He's even got
Wrecked Gay and Rug Radio in his bio.
And he's retweeting all our shit.
Tukas.
Tukas!
We're giving him extra time just because, you know,
we know the new model is a little more confusing for people since it's new.
Tukas, oh, I see Tukas in listeners.
So he's here on YouTube.
No, I literally see him in listeners.
So we've done this before we run with it if he's here. YouTube. No, I literally see him in the listeners. So we could technically,
we've done this before
we run with it if he's here.
Oh, no, he's here.
There you go.
I sent him in the mic.
All right.
Easy.
A little pudgy.
Tucus, you're on stage.
If you can hear me, you won.
How you feeling?
I may be struggling.
Are you, Tucus?
Do you hear me?
We don't have to.
Hey, you won.
Nice.
Let's go.
All right.
All right.
So, can we do the lamb chop?
I know you...
Let's do lamb chop, right?
It's more fun, right?
What should we do, Mando?
Yeah, whichever one you want maybe lamb chop
it's more fun
the boys like Plinko but
we can do Plinko too
alright Tukis listen
can you see us
yeah
okay perfect so listen
um you've already won $500
in cash so congratulations
let's start off with that.
So congrats.
You already have, so just so you know, you already have 500 USDT in the bank.
Know that when you make the next decisions.
Now, we're going to play Lamp Chop.
So I'm going to set it on easy.
Should we do easy, Mando?
Or actually, Tukas, what difficult would you want?
Do easy. Do easy. do easy do easy let him pick
it's an instant death do easy no fuck okay fine all right easy it's okay so you can see us so
you get two $250 runs and as I said you've already won $500 so let's go. All right. You are $268. You want to keep going?
I can't hear him.
Yeah, let's do it.
Sorry.
Oh, he said yes.
Hold on.
No, wait.
Oh, wait.
It's bugged.
Wait.
No, it works now.
Okay, you got saved.
Okay, he's in.
Okay, sorry.
Wait.
Did I already play?
No, that's the first game.
Sorry.
You had 268.
Do you want to keep going?
Yep.
Boom.
297.
Keep going.
Yep.
Yep.
Let's go.
Kick his ass.
Kick his ass. Oh.
Gobble up.
All right. Well, it's okay because guess what? You got another ass. Oh, God. Gobble up. All right.
Well, it's okay because guess what?
You got another run, Tukas.
You got another run.
Are you ready?
Let's go.
The first one we got to click.
Boom.
Oh, come on.
Boom.
Oh, I knocked him out.
I love that.
All right.
268.
Keep going.
Yeah.
Oh, wow.
Oh, my God.
That was a bad run. Out of luck today, Tukas. it's okay because guess what you're still leaving the show with $500
congratulations thank you so much you guys thank you you're welcome it happens man it happens the
way she goes sometimes hey listen we've given away like $5,000 on our week one.
There's no show tomorrow, but we already did Fridays yesterday.
So we've already given away like five grand on the first week of the show.
So I think I would call that a success.
Good, sir.
I think I'm going to go gamble a little bit.
Some lamb chop.
Damn.
Now I want to play.
Fuck.
Well, yeah.
So to do it, you have to sign up for more hour and then you have to play $1, it sounds like.
Yeah.
That's it.
All right.
That's –
How many people do we have right now who are in the running for these prizes?
Seems like pretty good odds.
376.
376.
Yeah.
376 people.
So you have a lot of chances to win
if you're in there
so it's a good one
anyways alright lads well
no show tomorrow
there's one grand a day basically for everyone on the list
if everyone
wins it then there's one grand a day
one grand a day
4780 we've done
in four days
nice that is amazing well look One grand a day. 4,780 we've done in four days.
Yeah.
Nice.
Wow.
That is amazing.
Well, look, we have...
There's that.
There's that.
There you have it.
So tomorrow's Easter.
Happy Easter, everyone.
There's not going to be a show, but we will be back on Monday.
10 a.m. Eastern Standard Time for the episode of FOMO Hour on RUG Radio.
