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FOMO HOUR: Green days, Memes, AI, Farts, News and More
Recorded: April 24, 2025 Duration: 1:02:18Space Recording
Short Summary
In a dynamic discussion, key highlights include Magic Eden's strategic partnerships for upcoming events, Russia's plans for a national crypto exchange, and significant investments in the Solana ecosystem, showcasing a vibrant landscape of growth and innovation in the crypto space.
Full Transcription
Thank you. You can
Yo, yo, yo, there you go it works good perfect yo yo yo
what's up what's up what's up you what up
Candice what up Jen what up Cookie what up Jax
T8 what up Googly what up name brand
Lay what's up
who else is there man
what up Googly what up Amir
what up good fella DMACC what up
Nelson Andrew let me see some
retweets let me see some love let me see some retweets. Let me see some love.
Let me see some shares.
Let me see all that good stuff.
What's going on with CZ and Bloomberg now?
Oh, shit, I got to answer to them.
They got back to me.
I got to...
I got to...
I got to...
I got to answer that.
It's like a CZ interview.
It'll be fire.
All right.
What's up, everyone?
What's up?
Zanzibar, Ari.
All right.
We got people.
I want some redos.
All right.
Same stick, baby. Thank you. What up what up good morning good morning GF
Thursday April 24
Another beautiful day to have a beautiful day. I got my co-host in the house, Tyler, Mando. Good morning. How are you doing today? Uh, I'm, I'm brother. You know the word.
Fantastic.
That's that.
That's that, that, you know, I'm fantastic.
It's 78 freedom units here.
26 degrees Celsius.
Life is good.
You know, I'm going to go have a pastel de nata after this.
I haven't had one in a couple of days.
Sun is shining in Lisboa.
You know, it's, uh, I get it, man. I get it, Lisboa. I get it, man.
I get it, man, though. I get it.
I get it. Two years later, I get it.
Tyler, how you doing today?
You're looking like you got some... Did you get the place?
Okay, so he
just got back from Brazil. He's jet-lagged.
The lady said
that there's a positive
outlook on the place I put an offer on to rent.
She said it's looking good.
I mean, I did make an offer they can't refuse.
Like, I was that guy.
And we may find out during the show.
We may find out after the show.
But, you know, I may have found my dream apartment, y'all.
So we'll see.
It's big. We'll see. We'll see. We'll see. We'll see. We'll see. Weall. So we'll see. It's big.
We'll see.
We'll see.
We'll see.
We'll see.
We'll see.
We'll see.
But positive vibes.
We manifest.
I've already been talking as if I got it.
You know, you got to, I like to speak things into reality in my life.
It's what I do.
It's what I've always done.
And so the answer to that, Mendo, is yes, I guess.
I did get it.
What's up, Tyler?
How you doing?
I'm good.
The sun's shining here in Chicago as well.
We're up in the 60s, low 70s freedom units for highs these days.
I feel like we didn't have any sun for what felt like a quarter,
but we're finally turning the corner.
And with respect to these markets, things were quiet a couple weeks ago,
maybe a month ago.
There wasn't a whole lot going on.
I've got more bullets in the
newsletter. More headlines are pouring in this week. It feels like things are starting to pick
up a little bit. I like it. I like it. Listen, if that was a dip that we saw yesterday and this is
how strong the market is again right now, then I'm here here for it we definitely don't want to jinx anything but you know it's it's definitely looking much better than uh than it has in q1 like you
said you didn't get much sun in q1 but maybe like i said before montreal's weather is the same maybe
chicago is a reflection of the market as well you know it looks like things are the tides are
turning here speaking of the tides turning today on the show we're going to go through the market
macro crypto all that good stuff we got a lot to talk about tyler's top 100 like he said there's a Tides are turning here. Speaking of the tides turning, today on the show, we're going to go through the market,
macro, crypto, all that good stuff.
We got a lot to talk about.
Tyler's top 100, like he said, there's a lot to discuss.
Then we have the fam quickly from Magic Eden coming on the show for like five minutes to chat about our events.
So we're doing an event together in Dubai.
Last minute news.
So we have our event in Dubai, which is on the Friday, which by the way, man, as of this morning, we hit
1100 signups.
You know, we were talking about yesterday. We just hit a thousand
signups today.
And it's on the last day on the Friday.
So sign up and come in early,
y'all, because at 600, I have to close
the doors. It's not me. It's the law.
And I ain't trying to fuck with the law in Dubai.
there's that, but then it wasn't enough.
We partnered with Magic Heed in another event that they're doing,
which is fucking awesome, a few days before us.
So they'll come and talk about this before.
That way, if you don't catch us at this one, you catch the Magic Heed event,
which actually, shout out to them.
It's really cool.
And then, no yeet today.
We're having some little technical difficulties, which we're fixing.
But that does mean that there's gonna be a double tomorrow.
So it doesn't matter.
There's still gonna be five winners this week total as we're gonna double up tomorrow on the show.
And as usual, by the way, that doesn't mean y'all don't retweet the show, right?
That means retweet the show.
Show some love for your favorite Twitter Spaces host.
All right.
At least the last man standing.
The only man standing.
So come on. I want to see some love. The only man standing. So, come on.
I want to see some love.
We've been getting a lot of love lately.
I saw a little tweet this morning.
I appreciated that.
And then this show, as usual, is powered by, powered by, Galax.
What Connect?
I'm seriously powered by galaxies
Well, I connect is the connectivity network shaping the future of all chain UX
If you've connected to web 3 app, you've seen while I connect that blue logo
It's everywhere and I'm gonna trust in crypto as recognizable as Visa at checkout
What's a lot more follow while they connect on X and telegram to stay ahead of what's next man?
Don't tell of what's next. Mando, tell me what's next.
Who is the man?
Macro daddy of the man.
Can you dig it?
Yeah, GM everyone.
So it feels all right out there, I think. I think a lot of people were expecting maybe a bit more of a retracement.
and it's like a bullish,
mild retracement.
That's what it feels like right now.
The Bitcoin's still at 93 K,
which is a good sign.
Sol's still at one 50.
even ETH,
you know,
it's,
it's right.
Okay.
It's like one seven 50 area, one rallied okay. It's like $1.750 area, $1.800.
And Fartcoin's above $1.
So it feels like if this is going to be the retracement,
it's palpable, or palatable, sorry, for most people in the market.
in the market. So the terms feels okay out there, out there to me right now.
So the terms feels okay out there to me right now.
Macro, um, is having a bit of a, you know, softer, softer open, mainly just,
Oh, actually, is that right? Yeah. Yeah. It is higher randomly. Sorry. It opened lower.
Um, there was some walking back of the positivity from Trump yesterday about trade.
China basically said, yo, there's no deal.
Which I think we can hear a lot.
Like, I just don't think China necessarily wants to come to a deal.
to a deal. I'm not as bullish on
I'm not as bullish on a deal being done, but I know other people are.
a deal being done, but I know other people are.
There's also like
whiff of World War III in the air again
as well.
There is a
flare-up at the moment between India and Pakistan,
mainly after
a terrorist incident in Kashmir,
which is kind of a
partly run Indian area,
partly run Pakistani area, partly run Pakistani area.
And a lot of very, very aggressive rhetoric between the two.
And remember, these two are like nuclear powers and have Udhamis
and have fought several times before.
So that's not really a – I think there's some light like,
I think there's some like, like, oh God, this could, this could get worse.
oh, God, this could get worse.
Um, there's some talk about like diversion of water rights, um, of some of the major
rivers from India, um, away from Pakistan and every Pakistani national has been, uh,
ordered to leave India.
Whoa.
24 hours.
Um, so yeah, let's see yeah let's see
how that one develops
but yeah
definitely attention flaring up there with
two pretty powerful
nations but at least when it comes to military
other than that
seems a little bit
quiet I would say
no crazy new news across any of the Other than that, it seems a little bit quiet, I would say.
No crazy new news across any of the L1s. The biggest general trend here is just that everyone is saying sovereigns and companies are buying Bitcoin.
And that has maybe extended a little bit more to Solana, actually.
I've seen a few more headlines around that.
You had Solstrategies going to buy 500 million.
Solana had another company called DeFi DevCorp buying 10 million.
The big one for Bitcoin was this 21 capital firm,
which is going to buy 42,000 Bitcoin is the plan.
Yeah, huge.
So I think, and then you're seeing commentary from people like Bitwise
being like, you've got Sovereign's silently blind Bitcoin here.
I think Coinbase was saying a similar sort of tone.
So there's this idea that this Bitcoin is a lifeboat here,
is gaining traction.
This is good.
Yeah, we talked about Cantor Fitzgerald and 21
Which you just mentioned
News yesterday in depth with Tyler
And that was arguably one of the biggest news we've had in a bit
So that's good
We talked about this a bit
I saw the backtrack on the tariff news
Mark is shaking it off
Or has it yet to catch up?
I don't know if it rallied as much even on Trump's tone.
I just don't know.
Like the one worrying thing here is that the 10 year is going higher again.
So you've got the 30 year hits highest close this year.
And then the 10 year, let me look at it today.
Sorry, it takes a while to load up. the 10 years down a little bit so it hit 4.4 percent so hopefully that just stays where it is it would be a worry if they start going up again but um
i have to say man i have no fucking idea what this 10-year thing is you keep talking about.
Not just you, but like everybody else.
What's this 10-year thing?
Not just you, it's like you, Wiz, Ovi, Tyler, like everyone on the macro people.
What is this 10-year and why do we care?
I just want people to also, if I don't understand, I'm assuming most listeners don't either, right? Yeah, sure.
10-year is the rate, the bond yield of the US government on a 10-year duration.
So if they were to sell bonds to the market at 10-year duration, that would roughly be where they'd have to sell them.
Firstly, it's like a benchmark like as as much as the s p is a benchmark in the stock market the 10-year is the
benchmark of pretty much all the fixed income which is a much bigger market um that going higher
is points to a few things it points to the idea that the u.s um be expecting inflation. It also may point to a less powerful dollar, like people are selling
treasuries. So there's this idea that this is also a bellwether of US hegemony, let's say.
And then thirdly, what I would say is that the US government, ever since these interest
rates started going higher, they've had a consistent policy of having to refinance the
debt over a very short time period. So in this whole period where it was going all the way down
and went all the way down to zero, the US kept on extending out its debt.
It would sell bonds for like 30 years.
So he has to repay them in 30 years.
Now, in this period where it's gone back up, it's been doing a lot of short-term refinancing
because it doesn't want to lot in high interest rates for a long time.
It basically just was like, we're just going to do it for a year.
And then hopefully bond yields are down over the next year.
And then we can refinance the debt.
That was what the narrative was.
If you remember a month ago,
two months ago,
which is like,
we're going to drive down a 10 year and then they're going to be able to
refinance all the short term debt to like 10 years to 10 years.
And then the mistake is that it actually ended up going up.
So it was like,
Oh wait.
Right. So like the like, oh, wait. Right.
So like the U.S. right now is stuck in this situation where it has to keep on refinancing a lot.
At a higher rate.
Yeah.
A lot of where it's just, you know, if you refinance, it's like a mortgage.
Like if you refinance your mortgage over 30 years, you don't have to worry about speaking to the bank for 30 years.
Right now, the U.S. has got to speak to the bank every single like week in huge size and it's basically saying
like right all right give me another loan for a year it's almost like it's almost on like credit
card debt and and you what you got what it really wants to be on is um like a locked in low fixed
rate mortgage you know and it hasn't it hasn't managed to do that so
that's a worry because the u.s interest rates are very expensive right now for the u.s like
over a trillion dollars is spent on interest expenses and if they can't get this this rate
down that's going to be a persistent thing for more and more debt So this is where the tariffs kicked in and pump crazy.
That was,
that was a negative consequence,
which is what drove the market slower.
So let me have a look.
U.S.
debt right now.
U.S.
debt total.
Public debt.
It's a public debt.
35 trillion.
Yeah.
Yeah.
So if they were to refinance all of that at 5%, let's say.
Yeah.
You're talking about a rate of like $1.6, $1.7 trillion being spent on interest rates.
Got it.
Expenses for a long time.
And that's not great. It not it's not great for u.s public
spending it's not great for um yeah just like it would it would really lock in it was fine when
interest rates are zero like everyone can borrow as much as they like but now they're really high
that can start to really impact public services in the u. for example, a lot of stuff that you guys pay your taxes for,
like taxes might have to go up.
and,
and the dough,
obviously this is what Elon was also trying to fix with like government
efficiency,
but there's,
there's cases where this can like spiral.
If it,
if it,
if it goes,
if this level goes up to like five,
six,
then it can get really quite nasty.
Okay.
Got it.
Thanks.
I just wanted to explain that.
Actually,
that's a good clip.
I explained the tenure thing because it's interesting what you're saying.
And so there's something you pay attention to a lot.
I know because you talk to a bit about a lot off the show as well.
So I just kind of wanted to understand it better.
All right.
So Tyler,
you wanted to go back on the,
on the capital 21 conversation here.
Yeah, I think we talked about the headline on yesterday's show,
and I had a chance to go through that pitch deck.
That's now been circulating,
and I think it tells a little bit of a deeper story.
So keep scrolling through the first 10 slides.
So Jack Mahler is going to be the CEO.
Folks don't know him from Lightning and Strike. scrolling through like the first 10 slides. So Jack Mahler is going to be the CEO of folks.
Don't know him from lightning and,
and strike.
He's the CEO is going to be CEO of both.
They go through 10 slides on the Bitcoin thesis.
I think most listeners of the show probably know that.
So it gets more interesting in the second part of the deck,
which is kind of what they explain what this company is
going to be.
So it is very much a strategy competitor.
Not only that, they have a dedicated slide for why they are a better Bitcoin acquisition
vehicle than strategy.
It's a very consultant-like deck.
Keep going through until we get to it.
A few more now.
This is nice.
Sorry, I'll read it again later, I guess.
But this is so good.
This?
One up.
Yeah, right there.
So this is where they compare themselves directly with strategy
and how they're better for getting Bitcoin exposure
across their operations, how they're better for getting bitcoin exposure for the across their operations
how they'll use debt and even purpose book kpis which i felt like was kind of out of place for
a deck like this like okay you've got great kpis awesome um but i this was pretty eye-opening for
me the other part i think the big question when people see the 3.6 billion dollar headline is
does that mean they're going to buy this Bitcoin?
$3.6 billion of buy pressure.
As I understand it, if you scroll down, they've got the details.
It looks like a lot of this Bitcoin is already owned.
So Tether is going to be giving around.
Yeah.
One more slide down.
Yeah.
There's the numbers.
They're a little small, but it looks like the Bitcoin largely already held. Tether is going to be giving 18,700 Bitcoins, like $1.5 billion worth. They're also going to be contributing $900 million on behalf of SoftBank. It seems like SoftBank is going to be giving them the capital is my assumption there. So it looks like it's actually only about 5,000, 5,400 Bitcoin that are going to be net purchased from this initial launch, which is about $460 million.
Still a big amount, but 15% of 3 billion.
But I think what's also interesting is that you project this out.
This is not a one-time Bitcoin buy.
They are going to continue to find ways
to raise capital to buy Bitcoin.
So they're going to start with $42,000.
That's enough to make them
the third biggest corporate treasury of Bitcoin.
I think strategy has $207,000, $220,000 somewhere in that ballpark.
So they've got five times as much,
but it seems like that's where they're going to set their sights.
So this is, to me, the first real competitor to Saylor and strategy.
And if we get a little bitcoin arms race i mean
good we saw what that did to nuclear weapons so send it uh i was saying like you know this if
there if we have access to this deck sailor and his boys and every other company on the planet
that has got money has got access to this deck right so it's uh it's everyone's going to be
looking at this say yo how do we copy this how do be looking at this and say, yo, how do we copy this?
How do we mirror this?
How do we front run this?
How do we tail this?
So this is good.
I like this.
This is bullshit.
Yeah, this is big for Bitcoin.
And Mando hit on this,
but I think it's worth touching back on.
To me, my biggest takeaway from this week
in crypto headlines is the investment in
solana like it's two things we're seeing these new soul corporate treasuries i think we've got
three companies now making decent size splashes into buying soul the latest being soul strategies
which announced a 500 million dollar convertible note sale um reading into it it's starting with
20 million dollars and then they get access to $20
million tranches if they meet certain criteria. So not a guarantee that they're going to just
splash $500 million into Solana right now. That's the Solana strategies, right?
Yeah, that's the sole strategies one. But then we got this other headline from
Rockaway. They were an early Solana backer and now they just launched a new $125 million fund
to invest in yield focused startups on Solana. So you've got folks buying, you've got companies
buying Sol as a treasury asset. You've got new funds spinning up to put nine figures
into Solana startups. And to be honest, I got to cover the space every day outside of the Bitcoin ecosystem.
I think there's more investment piling into Solana right now than the other.
We should get her on the show.
She's CEO of Soul Strategy,
Leah Wald.
That'd be very interesting.
We follow her.
Interesting.
It feels like a big deal.
These are some big numbers.
It's not small, man.
It's more than just one or two offs at this point.
People, I think, are wondering
what would drive the next leg up for Solana.
I think that's been a big question
in the meme coin fallout.
Because the Trump coin, meme coin mania
is what drove it up so high
but i mean maybe it's just you've got a corporate corporate buys you've got investment in the
ecosystem and then new apps and products right maybe that's what drives the next leg up
interesting that's uh that's some good stuff between the 21 Capital and this.
Soul Strategy stuff and the other, what you just mentioned.
There's a lot of, wow.
There's a lot of things working here.
So we absolutely love to see that.
All right.
Well, look.
I think that's a good roundup price-wise.
You know, Bitcoin's $92.6.
$17.50.
$148.00. And $1.06. You know big ones 92 six 1750 148 soul and
And dollar six dollar six. Sorry
So we're looking good there is let's see what tellers got for us today
Crypto analysis.
Tyler D on FOMO.
Our cause to kick it.
We're ready to bash the bears.
Yeah, folks.
For starters, crypto majors are down about 1% to 3% after yesterday's rally.
So a small cool-off Bitcoin.
Like you just mentioned, right around $92,700.
Those Bitcoin ETFs, though, they saw another $917 million in the inflows yesterday.
Another three-month high.
We had MetaPlanet acquire another 145 Bitcoin for around $14 million in the inflows yesterday. Another three-month high. We had MetaPlanet acquire another 145 Bitcoin for around 14 million.
They've now reached their halfway goal for 2025 with 5,000 Bitcoin purchases.
They've got another 5,000 to go.
We talked about Capital 21.
Russia's central bank and finance ministry,
they unveiled plans for a national crypto and Bitcoin exchange.
So Russia's getting in.
In Salon News, we announced Sol strategies,
buying up to $500 million.
Rockaway, an early Solana backer,
a new $125 million fund.
The Solana Foundation is also restructuring its validator strategy,
removing some long-supported validators
and trying to make the network more resilient.
And we also saw PayPal announced 3.7% yield
for its PYUSD stablecoin with monthly payout.
A few other headlines.
The Discord CEO, Jason Citron, he stepped down amidst their ongoing IPO discussions.
So timing was interesting there.
He's going to be replaced by former King and Activision Blizzard exec, Umam Sagnini.
The SEC is going to host a crypto policy roundtable on May 23rd.
This one is going to be focused on regulatory gaps for broker-dealers, custody rules, and more.
Coinbase and A16Z, this was an eye-opening headline here.
They are asking lawmakers to hold off on passing that Genius Act, the latest stablecoin bill in U.S. Congress,
as they want a more bundled, broader crypto market structure bill and are afraid that only one will get passed this year.
So that's going to be one to watch.
Sander was doing that reporting for us over at Decrypt.
In token and protocol news,
SWE might be landing Pokemon as this Pokemon home
at a privacy policy update.
Okay.
The new developer, Parasol, which is owned by Mistin Labs,
who is the developer behind Suite.
So folks are starting to connect those dots.
MegaEth announced round two of its accelerator, MegaMafia 2.0.
Zora, we had the token open around an $80 million market cap,
$240 million FDB after about a day of trading.
Tari, we had him on the show a week ago.
They announced their mainnet is coming, May 6th. So go back and watch that show if you want to hear more about Tari, we had him on the show a week ago. They announced their mainnet is coming May 6th.
So go back and watch that show if you want to hear more about Tari.
And then Symbiotic raised $29 million in Series A to expand beyond restaking into network security.
In memes and NFTs, and rounding out this update here,
meme coin leaders mostly rep Trump outperforming.
Trump tokens soared 30%, 50% at peak after they announced a dinner
for the top 220 holders
and also pushed out those token unlocks
by another 90 days.
So a market liked that.
Jelly Jelly was also a notable mover.
It was up 60%.
Stop it.
Watch out, Hyperliquid.
It's too soon.
And Mineke was another one.
And NFTs, XCopy's hot. These remnants are up to
16 ETH now. So those things are soaring.
ICXN was up 40% as well to 4.5 ETH. Board of Yacht Club announced
their Ape Fest is coming to Las Vegas this year, October 2025.
And then a little bit of a situation
with Clone X this morning,
and their artwork was not displaying.
It was just showing a restricted cloud player warning.
Their team has since come out and said they are doing a migration to a
decentralized storage.
So that clone X art should come back,
but still ruffle some feathers this morning.
Yeah.
Everybody,
you could tell people are pissed at them because like everybody was so quick to be
like yo fuck this shit like i mean i did the math the clonex 4 is 0.17 it is literally down 99
do you know that in 2021 because i have a four trait, like four Murakami trait, whatever.
Back then, that was a thing.
So my Clone X, one that I minted,
has four Murakami traits in one.
I was going to show you, but I can't.
You know, I went to my...
I was going to show you here,
but I just realized I can't.
It's still my fault.
So anyways...
You still have four Clone Xs.
Wow.
Fun story for y'all.
Faroka isn't allowed to sell NFTs anymore.
He got banned.
I don't even remember that.
Even at .17 ETH, right now down 99%.
I bet you if I sell one, there's going to be a trend.
Oh, 1 million percent.
There'll be somebody who's like, oh my God, I can't believe he's dumping.
Mendo knows. Mando's my boy.
Mando is by my side all of 21-22.
And so anyways, point being, to the point you're making, Mando, I have a funny story.
In 2021, we were rich. We were so rich that I said no.
we were so rich that i said no um i got an offer by private collector of 120 eath for my four trade
murakami at about four thousand dollar eath so that's uh this one's going this one's going to
the grandkids this one this is a grandkid one right now yeah and uh and i thought so too and
i was like well well, no.
I said no for 120 ETH for my Clone X because I'm going to sell this for $2 million to sell these.
So I rejected half a million dollars for something I paid like.
I got for free actually.
Which is wild. I think at the peak, my Clone X and Artifact NFT.
So I started at 1 ETH because I was early Artifact.
On my wall in Montreal, I have like i was early artifact coming on my wall in montreal i
have like the original shoes like pinned on the wall and you guys know i've known zaps for for
years i was very close to them i was one of the biggest you know guys hosted every single drop
they've done you know we have history um and uh and so i i think i peaked my clonex and artifact
pack was like in the millions.
That's crazy.
And I remember getting almost canceled for selling two clone Xs of my 12 or something for 15 and 16 ETH.
And then they went to 30.
I remember getting canceled for that once as well. It was a day of cancellation for over 30 ETH back then.
That's crazy, dude.
So the moral of the story is you get out
for a lot of money take it actually in the words of navin tari he he took that from bon jovi because
he was bon jovi's tour manager and cto by the way uh is ttmr take the money and run. So for the,
for the people who,
you know,
this next time is for my good friend,
the VN shout out to the VN dirt,
the TG soon.
But yeah,
it's my clone X story for you guys.
Anyways,
there's more important than bigger fish to fry.
Trump.
Did you go around your house screaming Trump up?
Trump train.
I did not.
Amidst ongoing volatility in my household but no so this was pretty big news
shocked markets yesterday i was at the gym at my i'm seeing the chats blow up 50 candle
on this trump token so the first wave of news was have dinner with president Trump top 220 Trump meme coin holders.
We'll get the exclusive invitation at,
for an intimate private dinner.
You'll be able to hear the firsthand here firsthand the president talk about
the future of crypto.
So that sent the token.
I think I saw it at 15.
It was,
it was training around seven 58 bucks just a week ago.
Went all the way to like 15.
Now back around 12 or so.
But then as a part of the announcement,
I think people skipped over it first
because they were just so excited about the dinner
and maybe the token pump.
They're pushing the unlocks out 90 days.
So this was the wild card they had.
So this is the reason why I wanted to bring this token up
last week ahead of the unlocks is they had a lot of cards that they could play to potentially pump this token
they could announce a burn they could announce a delay they could announce utility and they did
two of those three things they announced a delay they announced utility and what's what makes this
an interesting token now and i don't own any um is they can they still have more carts
like every 90 days they could out they could announce a new utility they could do something
with the unlocks now they've done it once i think it shows that they're more open to doing that
because i think most people know that if they open those unlock floodgates and they sell 300
million dollars of tokens on the open market it's probably game over for the token.
It's like, who's going to buy it at that point?
But if they show some kind of ongoing dedication to this thing
and kind of running it like a project with more utility options,
it's a little more interesting
wow i mean yeah you you make a really good point i have nothing to say on that i think
it's true dude if you bought pretty locker at 50 and whatever size you wanted
and you could buy size you could buy and sell size of this look at the volume on this
And you could buy size.
You could buy and sell size of this.
Look at the volume on this.
550 million on chain volume yesterday.
Wow.
So, I mean, this is the big dog when it comes to me.
Look at the liquidity on this.
Yeah.
380 million.
I love Farcoin.
What's Farcoin have on chain?
Like 5 million?
Eight and a half. All right. That's more than i thought that's nice i mean it was doing like no wait i don't think so i think it's more than this
but yeah you're you mean across pools it's more than that i mean it's doing 100 million volume
a day so it's still yeah it's got a lot um but i don't know. It's actually, wow, he's doing $300 million
of volume.
Dex, $150.
What are the Trump numbers from yesterday?
Let's go see it.
It's got to be over a billion.
Woo!
Five and a half billion.
Whoa!
But Dex, it's $650, but
whoa!
Wowza.
Whoa! That's a lot. It's 650, but whoa Wowza
That's a lot
Holy moly. All right, that's the fifth highest token yesterday. So tether was one Bitcoin to
USDC for Trump was five
Fucking hell me. Sorry guys. Wow
So you could have bought this with like $50 million size and sold it.
Like you could, I mean, I can't do that.
Maybe Mando can, but that's like, dude.
Damn.
Yo, it's Trump the sleeper.
Are we, are we going to run back a Trump trade?
So now it's interesting.
So if you look at the meme coin leaderboard, Trump is the fourth. Don't tempt me with a good time.
Trump is the fourth biggest meme coin. And like,
if you had to predict where it will be at the end of the year,
I think it's ranking is different now. Like a month ago,
you probably said it's going to keep going lower.
I don't know. I got, but I'm not buying here, but I'm also like,
I would not be comfortable shorting this thing.
I can tell you that.
Okay, so yeah, you don't short it.
But question on that though,
don't you think it's going to be just a story of like,
it'll pump during these news that it comes,
then it goes a little lower.
Like it's not sustained, right?
It's just going to be these events.
Do you know what I mean?
Probably. I think that's the consensus take,
is that single spike, slow bleed, probably for the next 90 days.
And then another pump.
I think, to me, the bull case is that they've changed the calculus now.
They did.
The unlocks might not happen in 90 days either.
Great point.
Wow, that's a great point uh wow that's a great point uh there's still a lot of people way
underwater on this thing so i have to imagine you know yeah some pressure get
sold off a bit how's um what's the please trump spread like i haven't looked at
the please in a while i know we got someone in the comments talking about Pui's.
I got to go see it.
I have none.
That's an 8 million.
It's not zero.
Dude, it's not zero.
Let's see it.
I'm so curious.
Sorry, guys.
I have to see because someone mentioned it in the comments right now.
It's probably back up a little.
The chart looks kind of good.
It's curling.
After Vance killed the Pope,
they went back to the...
Bro.
That was a joke, by the way.
I don't think...
We know it's a joke,
but you can't joke with this.
Lamento and I are Lisbon Catholics now.
I'm offended.
Someone shared this.
So someone's church sent out a note
that they could get excommunicated
for betting on the Pope election on Koushi.
That's so crazy.
This is a church community.
We do not encourage gambling on the papal election.
If you are found to have done this on church grounds, you face excommunication from the church.
That room behind me right there, that's where the Myriad, there's a whole
office where the Myriad product is being
built. I can tell you the first thing we thought about is what markets
are we opening?
Mando, what's your thoughts
on this Trump token, dude?
I'm curious because Tyler makes two
good points. He brought back
utility and pushed the onlocks
and it's the fourth biggest meme coin in crypto
and it's doing a
fuck ton of volume like i'm curious what you think about this i haven't had a strong view on it for
a while um well i think nobody has right but now yeah it's very big versus on-chain activity now
let's put it that way. I think it's
It's just big for Solana memes suddenly
It's interesting that Solana memes have become very top-heavy
Having been like, you know, like a ton of like middle runners, right? Like it's really just Farcoin and Trump now
Bonk is still fourth. Bonk is still fourth. We had that too.
Right, but think about all the middling sort of
memes that we had.
It's not really like that.
Maybe you can
dominate from that sense.
I don't even know if people really think of it like a
Solana coin. I guess
the majority of the volume that you just showed is
on Chain, but
compared to how active the trenches are, I do still think that it's quite... for it to I guess majority of the volume that you just showed is on chain, but
Compared to how active the trenches are I do still think that it's quite like for it to like double
Let's say I think that would be a lot
Yeah, that's fair. I mean, there's gonna be nothing until the dinner, right? What is that dinner?
Good question Oh, May 22nd that's soon
damn
that's during Solana Accelerate
literally in the middle of Solana Accelerate
their big event in New York that they're having
end of May which by the way we could see some news
there too right Solana is known to
do Apple ask announcements during these
events forgot about that I'm going for like
36 hours
so just remember that actually um
oh and the top 25 get an exclusive reception i mean there's a little bit to unpack here too right
like this is this is literally pay for access to the president yeah the us so if you want to get in
his ear part of the deal you can pay whatever it is to get to be a top 25 holder.
That's what Garlinghouse has been doing the entire time and all these folks.
So anyways.
Wow.
This is interesting.
To me, my bullishness on soul is starting to rile up more and more daily, man.
Between Fartcoin and and trump and bunk and even
whiff had a big one like the top 10 memes there's a bunch of them i just saw like they're all they're
all on soul dude you know mendo brings up an interesting point for the broader salon meme
ecosystem so i think i've been viewing it as bullish that there's only a handful of memes
performing well it's like it's concentration on like fart coin which is like
that's been helping it but do you need that foundation of the other mid-tiers to help propel
it up from here right i don't think so i think uh a fart coin going from a dollar to
10 bucks is enough to propel the ecosystem. I guess Pepe never really had that foundation below it, did it?
Pepe ran in a moment where there was fuck all.
Pepe ran before everything, and then came Turbo, and then came Mog.
You know what I mean?
Bobo, a few others.
You remember?
Like Wojak.
I remember I was playing all of them after the fact.
It was Pepe was going.
And then Ethereum was doing not so well.
And Pepe raised up to like $7 billion, right?
So it did not have that foundation.
Maybe it's better, Mandel, to not have that foundation.
Because Solana is known to be very PVP tokens.
And everyone ends up losing.
So maybe it's good for it to have finally some big ones that just run.
I don't know. I'm just
trying to think of the bullish side.
That could be better.
Right?
It's necessarily good for its branding.
Because it's not like, oh, look, on East there was
Pepe and there's three runners and Solana's known to not have
that. But
I feel like Farco and Trump, Bonk,
it's trying to show otherwise. That's
three in the top ten there in Solana
um, so more one two three four five six seven eight nine ten
Four because the whiff is also the top ten still guys. So four out of ten top ten
And that includes those floki sheep up, right? So they're not sold, but they're still in the top ten. So
So four of the newer spots
anyways um what else do you have for us tyler the sui and pokemon story i think is somewhat
interesting people seem to really love pokemon i don't i don't know that i realized how big
it's probably maybe i'm a little bit older than the Pokemon generation.
I didn't really grow up playing Pokemon.
But apparently a lot of people did.
And the story here is that Pokemon Home, their app,
had a privacy policy update.
They included a new developer, which is Parasol Technologies.
Mistin Labs owns Parasol,
who is in Mistin Labs is the developer behind SWE.
So I think people have
started to be running with this i think there's been some other updates tied to this game
with these metals people are speculating will these metals be nfts so we don't know any details yet
but this seems to be one where there's smoke, there's fire. So I think there is something to this.
I don't know exactly what it's going to be.
Hold on.
It says the Pokemon works and perhaps just process your personal information.
Could that be a walrus thing?
Possibly.
Could it be a data storage?
I think that would be, if that's all that it is,
I think that would be perhaps a little bit
of a letdown you went viral you guys yo man this guy's still yapping out there he's writing the
clips he's writing little things how many yaps is yours for this one jesus christ i still think
they're they're nerfing me a bit uh so we'll see yes you gotta give people what they want.
They want the Pokemon content is what I found.
So I might have to really lean into this.
This is interesting.
This is very interesting.
Yeah, there's the medals.
So this guy, you've got some sleuths out there.
Interesting. Interesting.
Okay.
So that is interesting.
What else?
I feel like you had a couple more things than I see.
Elizabeth and the stew.
I'm going to go to you in a couple of minutes.
But is there anything else that we missed out?
The Zora debut.
I mean, it's a big TG.
I think we've got to talk about it.
So it's at 2.3 cents right now.
80 million market cap,
230 FDB.
I think they flubbed their launch video that they used a creators.
They used a create one of some creators piece of art,
I believe without their permission in this video.
So that,
that was a FUD headline.
They should coin it.
That's so good.
They should coin that.
For the creator chain.
So I think the wild card here is Coinbase listing.
It didn't come on day one.
If that comes, do you see a brief pump on this?
I mean...
The exit pump, of course.
Yeah, of course.
They probably don't want to do that after. What was that VV thing?
VVV.
Yo, that didn't know.
The founding team is just liquidating
their tokens into the Coinbase listing.
Liquidity.
And the team, we know
the Zora team has a lot.
The airdrop was peanuts.
I think a lot,
I saw a lot of people who got like,
you know,
three to three to $4.
Some people got less than that.
I think the best tweet about this was Brian Brinkman.
He said,
he said,
I'll show you.
Hold on.
Zora raised $60 million to give me six dollars in tokens bless up they raised it 600 million so and the ftb is 230 million right now on what though like
it reminds me of doodles raising 600 million dollars 600 for zora feels high if i hear one
motherfucker telling me my shit's not worth what it is right now,
I'll fucking punch him in the face next time.
Sorry.
I have a story for you guys
on VCs, but give me a couple weeks.
I have nothing to say.
It's amazing.
I have nothing to say about this, dude.
About Zora?
Yeah, it's worth 240 mil.
It's still not even worth that.
There's nothing there.
I mean, the guy's like coining pictures of girls of Tinder or some shit,
doing weird ass shit on social media.
Like, at first I was like, okay, let's talk about this.
And now I'm just like, we're not entertaining anymore.
It's ridiculous,
man.
We'll see how they
command attention over the coming months.
It's going to be an uphill battle.
Oh, don't figure it out. Don't worry. They've got
Jesse Polak. It's all the attention.
What's his ethos like?
I think they saved his slashing so he didn't get slashed too hard
I haven't been on there in a while
am I still reputable
you're grinding up
whatever changes they made
all of our scores are grinding up
holy shit
just don't sell those damn clone acts
you sell those clone acts
and you're going back to
you're going to the
I'm a reputable man.
Look at this.
I really needed this to tell me.
You're going to have to call your mom after the show.
I'm going to call my mom until my...
My Ethos score is up.
No one's mad at Jesse.
He's good.
Slashing failed.
That didn't work.
What about Zora?
Is there protocols in here?
Yeah, you can.
Oh, it's being slashed.
Yakuza.
That's the restaurant we went to last night.
Yakuza slashing.
Zora. Yeah. I find it funny that they were saying Well, that's the restaurant we went to last night. It was a slashing. Soar.
Yeah.
I find it funny that they were saying about the whole creator thing,
and it appears that the artists that kind of helped build the platform
on the first day didn't get much of an air drop.
You know?
Yeah.
I don't have all the data behind that,
but it does seem like a lot of the artists weren't too happy either.
I have to say,
if there's one subcategory of this industry that got like really fucked the hardest in the space for but
has brought the most attention to it is the artists like every single thing that happens i
always hear it's like whether it's zora or like all these nord origins and stuff closing out
or like foundation pivoting or you know this and that and the royalties conversation and everything
like but essentially 2021 if it wasn't for art and art nfts like none of this shit would have happened
you know amando got through the space because he bought art i got into nfts because of thank
ux and those guys um so i don't know They always seem to catch the short end of the stick here.
I don't know why, but I find that interesting.
Anyways, just a thought here.
Just a thought.
Is there anything else?
Because Elizabeth's there.
I see her.
She's ready.
Yeah, let's go to Elizabeth.
Fuck yeah, let's go.
What up, Liz?
How you doing?
Oh, you're on mute.
What's up? Good morning. How you doing? Oh, you're on mute. What's up?
Good morning.
How you doing?
Good.
Good.
How are you guys?
Good to be on Rug Radio.
Let's go.
Hell yeah.
Welcome.
One more hour.
Yeah.
You've definitely earned your place.
I mean, you're cooking.
You're always cooking.
Every time I see you around, you're doing something dope.
Thanks.
I appreciate that.
Yeah.
Yeah.
Well, it's a fun Bitcoin side of things.
It's been pretty fun.
It's been a wild ride these last couple of years for sure.
Yeah.
I mean, you were an expert, so then Magic Eden now and talking to Bitcoin, can you please
tell me when Pups is going to go up?
I know when, when, when's my 10 X?
That's what I, I wouldn't have the same thing.
Let's, let's be honest.
But I mean, I'm pretty excited.
We just acquired Slingshot at Magic Eden.
It was big.
And yeah, pretty big, pretty massive.
So basically, you're going to be able to buy pups with Apple Pay very soon.
We're actually testing back end.
Yeah, yeah.
So it's coming soon.
That's the mistake.
We needed Apple Pay to buy.
Low key, this is why I was down for Liz to come on the show today.
Forget the event in Dubai.
Little buys here.
Little buys for a bag.
So it's okay.
Pups is going ups.
Pups go ups.
You're going to be able to buy Pups with Apple Pay soon.
You heard it here first on rock radio.
Even if they said it somewhere else first. They said it here first
because Magic Keating happened to have acquired
Slingshot, which by the way, congrats on that.
We covered it back then, but that's a big one.
That's a good acquisition.
Congrats on that. That was great.
It's such a game changer. I don't know if you guys have used the app,
but it's like you're just
swapping. You're not even
swapping. It's just buying. You're buying any
token with USDC.
So it's on boards and it's just like, boom, you can buy whatever token you want, you know,
across all chains.
So it's really easy.
There's no bridging or anything.
You can just ape into whatever and you can always see what the trends, like the trending
tokens are.
So yeah, I've been enjoying it personally.
I like the rev share too.
The rev share is pretty cool
i know i sent your rev share to my team i was like yo guys like they're up to something good
like we should maybe like look at myriad because we're thinking of different ways and i'm like
you guys are definitely like up there i was like this one's a good one so yeah well and i'm excited
excited to party together and celebrate in dubai that's so so so Dubai. Yeah. This, this slingshot acquisition, it's going to be our
first IRL event with slingshot. And so of course we had to go big, you know, we had to go really
big and out with takeover, we're taking over the biggest multipurpose venue in Dubai. And yeah,
we're, we're really excited about it. It's, it's this stunning,
stunning venue called Sky 2.0. It's the biggest club in Dubai. It actually has like open
ceilings. So you can see straight up into the sky and see fireworks and see different shows
and entertainment. You can see the city landscape. and yeah, we're really excited about it.
We're excited to,
to welcome all of the community there,
especially it's,
it's basically the opening event of token 2049.
So yeah,
it's April Tuesday,
April 29th at 10 PM.
Come on out,
register now because we're approving basically everybody that's,
that's registering now for stay
Yeah, hurry up because it will allow yeah
Man you coming because I was having dinner with Mando last night here in Portugal
He was like should I cover Dubai? I'm like, hi, baby. Come on. You deserve it, man. Just had a kid
I'm a electric casino. Come on, dude. We got parties ready for you. What are you doing, man? Get your ass to Dubai.
David Lux is right here.
We're trying to get Mando out to Dubai.
We got everybody.
Mando should come to Dubai.
We're leaving tomorrow.
We're flying out tomorrow, Mando.
You can get on the flight, bro.
It's Emirates directly to Dubai, Habibi.
It's tempting, man. It's very tempting.
I'm literally looking
at flights right now. One of my tabs is
Let's go.
Let's go. Tyler!
You have to sit next to Farouk.
That's the only caveat.
I'm not sure Vanessa's going to be down with that.
So we'll
see. Lox and I have seats together.
We're putting Vanessa in the back of the plane.
No, I'm kidding.
I'm kidding.
I'm kidding.
I'm kidding.
No, please do.
Come on.
Come on.
Come on.
Come on.
Anyways, Cats.
Speaking of takeover, dude, Cats, I got to say, she gifted me some socks back in Miami,
our first art, Basil, and I wore them all during Christmas.
They're like these little Christmassy socks.
They're awesome.
I love them.
They're my home socks in Montreal.
So that's how I remember Cats. You know, every time I see cats,
I'm like, that's the girl that gave me socks and a handwritten card. It was cute. But cats,
why don't you just tell us more? You're on mute right now, so make sure you're on mute. But tell us more about this takeover and like this event in Dubai, because that's going to be a bang.
Well, you know, Magic Eden throws the best parties. I'm just going to start with that.
Well, you know, Magic Eden throws the best parties. I'm just going to start with that.
They throw great parties.
Yep. And, you know, this is, you know, coming back again for the second time, we were at Marquis Singapore, Porto in Singapore.
It was such a banger event. We completely took over the club and it was one of the best experiences because we turned the entire club into a carnival.
So that's kind of where we specialize. We try to throw an experience with every event that we throw.
So Dubai was going to be no different.
You know, ball or bear, we're here to build
and we're here to celebrate each other.
So that's the spirit.
April 29th, once again, doors open at 10 for general admission.
It is a banger venue.
Not only it's the most iconic venue I've ever rented in my life,
it is one of the biggest venues in all of Dubai.
And it's an open air dome.
So before even you come five minutes into the venue,
you know what's going down because you can hear it because it's open.
So it's going to be a beautiful invitation to everybody
that's going to come to Token Dubai.
And I know last year people were
flying in even though you know they were like flooding people were still coming like you know
i just posted a video actually from last year from the floods it was insane but i'm still excited
like it was insane with the floods but also also insanely fun. Like Dubai is like, if you guys haven't been, whoever's listening,
if you haven't been to Dubai, it is like,
I don't even know how to describe it.
It's just like, everything's so pristine and perfect.
It's kind of like they created like a man-made paradise.
It's kind of, it's very surreal.
It's very hot, but I mean, there's beach clubs,
there's like incredible cuisine.
So much,
so much good places to party and meet people and have a good time.
For Oak,
you're laughing.
Like,
do you have some experiences?
I just,
I agree.
I mean,
I was laughing because last year,
I mean,
last year was the locks that was stuck in the middle of the fucking cloud
seating mega storm.
And we were,
we were stuck in the airport on the concrete outside seeding mega storm. Yeah. Oh, and I saw the airport on the concrete outside.
Yes.
Yes.
I was, I was, I know the flood experience.
Wow.
It was that.
We're praying for good weather this year.
So we're praying for bad.
Yeah.
I think that was like an anomaly, like once in a century flip situation.
But I mean, like I said, I'm still going back.
So if I can go back,
that's how,
so can you.
So the Lumas shared,
I'll share something as well.
A little later.
So I'll make sure it's on my account,
but you guys can find on the magic in the calendar.
You can find a takeover account on X.
It's very easy.
It's magic Eden right there.
And it's literally like in the comments,
if you can see my screen and token Royale. Soo dot ma for slash token Royale with at the end
And you can you know, there's a bunch of things so if you're an Emmy holder Emmy stakers, you know
You get to VIP you have tables have a bunch of different shit, which is super cool
One things for sure is we'll be there so you can come hang out with us
We have our event on the second but we'll definitely be there be there as we'll meet our partners with Magic Heaton.
And take over for this event in Dubai.
So super excited to see you both.
Elizabeth and Katz.
Can't wait.
And excited for this event.
You know Dubai.
No matter what is this conference that brings out everyone man.
Like we have a packed schedule work wise.
And event wise.
It's insane. How everybody congregates around this specific token 2049.
So I would say if you're on the verge of going and you can afford to go blah, blah,
like this is definitely one of the good ones.
Yeah, it's going to be our biggest event of the year.
We specifically were deciding, you know, token 2049 conferences are the best conferences in crypto by far.
And went all out in Singapore last year.
We were strategic.
We want to like really hone in on the UAE community, that network.
It's really very pro crypto with their regulations and everything they're developing there.
And that's really it's such a great place to network and meet people.
So that's really where we wanted to go all out this year.
So everybody knows magic eating events are pretty iconic.
And so if you want to experience the best event,
our best event of the year, you got to come out.
Got to come out to Dubai.
And it's like super hyped to go to the Rug Radio event later on May 2nd.
So we'll be there too.
All right.
Well, listen, I'm excited for this.
I'm excited to see you both.
We'll have a good time.
And habibi, see you in Dubai.
Let's go.
Yeah, see you guys in Dubai.
Thank you so much.
Thank you so much.
Appreciate you guys.
See you soon.
Bye-bye.
Appreciate you.
The best.
Thank you both. All right. Well,-bye. Appreciate you. The best. Thank you both.
All right.
Well, Mando, you have no choice now.
I've got a decision to make, don't I?
I was, uh, I listened to you.
You were on the verge and I brought in the reinforcements this morning on the show, uh,
to, uh, to, to convince you and put you over the edge.
Always coming for a couple of days.
You know, we're going to have a good time.
There's a lot of people.
It's, it's, it's good for you.
You know, I'm just saying it's good for you.
So, um, you guys should definitely pull up anyways Yeet. You know, I'm just saying it's good for Yeet.
So you guys should definitely pull up.
Anyways, which on that note,
I won't be there tomorrow because I'll literally be on the plane there.
And I'm not sure how many shows
I'll be able to attend next week,
but I'll do my best at 6 p.m.
when I'm over there.
So Tyler will run re-running point next week.
And I'll try to be done as much as possible.
Just remember, tomorrow will be two winners for Yeet
So make sure you sign up
Yeet.com using the code FOMOHOUR
But make sure please
One reason why we had to change things
Since it didn't work today
You have to spend at least a dollar
On the platforms
You have to spend that dollar
On the platform to be eligible
So you have to use a FOMOHOUR code
You have to spend a dollar
It's for reasons
You're like bought it and all that annoying stuff.
So make sure you do it.
And then make sure that you do all your KYC and all that stuff.
So make sure you do everything right.
We've posted everything.
I know my list was a little messy.
We posted everything on FOMO hour page.
So make sure that you do all of that.
With that.
With that.
With that.
We'll see you tomorrow morning.
10 a.m.
Eastern Standard Time
for the episode of Film Hour
on Rock Radio.
Let's go. so Thank you. And
