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FOMO HOUR: Long weekend recap, tarrifs, BTC, memes, news.
Recorded: May 27, 2025 Duration: 1:02:29Space Recording
Short Summary
The crypto market is witnessing a bullish trend with Bitcoin hitting 110K and Ethereum outperforming, while new projects like Huma Finance and Yeet are launching tokens. Circle's IPO filing and Rekt's expansion into LA highlight significant movements in the industry, amidst concerns about sustainability and potential declines in certain sectors.
Full Transcription
Thank you. Check, check, check.
Can you guys hear me?
Check, check.
Can you guys hear me speak in the spaces?
Check, check.
No, they can't.
Fuck. I'm going to have to have Tyler Rhodes.
I should have bought the one you said, Sims. This is the official
Apple product. Oh, they can hear me.
Check check.
Check. Check.
Oh, people can hear me.
Two plus two is four minus one.
That's three.
Quick math.
Can you guys hear that?
Okay.
You know what's funny?
I can't hear myself.
Shit.
Sick.
Okay, it works.
It must be even clearer than before because...
Because...
Okay, definitely people can hear me because i'm getting a lot of thumbs up
you know i want more thumbs ups i said can you hear me where's my thumbs up
yeah all right perfect perfect perfect okay so this thing works okay hey i'll pay 15 dollars for
this little jack okay uh all right all right we're good look mando's not here yet we're gonna everybody
tag mando get it tell him get his ass over here also tell him we needed to top up our yeet account For this little jack, okay? Alright, alright, we're good. Look, Mando's not here yet. Everybody tag Mando.
Tell him to get his ass over here.
Also, tell him we need to top up our Yeet account.
We can pay you guys and make you get some money today.
Alright, Sims, kick it, baby.
Bum, bum. Bounoun Thank you. turn no yo yo yo yo what up what up good morning good morning GM G uh what day is it tuesday it is tuesday may 27 2025 look at that another beautiful day to have a
beautiful day i got my coast and house tyler good morning how you doing today
Oh, what's going on?
Music's still going, okay.
Okay.
Oh, no, it's not.
Tyler!
How you doing today?
Whew. Ah shit
Alright
Check check check
Yeah
Okay so clearly
Hold on
Clearly this stupid fucking Little Apple official jack is not it.
It's funny because this one is the same and works.
But this one is for the new iPhone and it doesn't work.
So it doesn't give you guys.
Oh, well, I guess we'll buy the Ugreen version.
Try it.
And if not, we'll stick to the old phone when I rode.
All right.
Well, anyways, you were saying, yeah, market's ripping this morning. green version try and if not we'll stick to the old phone when i rode all right well anyways you
were saying uh yeah market's ripping this morning a lot of headlines 110k still wow we got a lot to
talk about today we do we got a lot to get into all right you know let's go let's get right into
this day of the show we're gonna talk markets uh we got a lot again like we got a lot of headlines
over the long weekend right uh saturday sunday monday I got a lot of stuff to cover with y'all on this wonderful
Tuesday. We're going to go through
Tyler's Top 100
and how I ended
up Top Yapper again this weekend. It was great.
And Top Yapper.
I got myself another little gold medal.
I'm collecting them now. That's two
gold medals now, Tyler. Maybe
three. I think after a Trump interview, too.
If Yap was around then, I don't know.
Was it?
Maybe it was.
Anyways, so that's not bad.
And then last but not least, oh, a giveaway.
So we'll do one.
We're going to keep two for Friday.
So yesterday's, we'll just move to Friday because Farquharon Fridays.
You know, so Farquharon Friday is a more fun type two.
So we'll do one today. We'll pick someone from the audience
to come up and win some money. If you use
eat.com, use code FOMOHOUR, which by the way, is
now on Skype. So there's a lot of stuff
going on there. And then last but not least,
this show is powered by.
This show is powered by. Let me tell you what's
powered by. If my WhatsApp can load.
There you go. Wallet Connect.
Wallet Connect is a connectivity network shaping the future of all 10 us if you've connected to web 3 app
You've seen what I connect that blue logo. It's everywhere
And I could have trust been crypto as recognizable as visa a checkout want to learn more follow wallet connect on X and telegram to stay
Ahead of what's next Tyler. We're gonna go straight to you straight to the topic straight to the market. See what's up
Tyler, we're going to go straight to you, straight to the topic, straight to the market and see what's up.
For daily NFT and crypto analysis.
Tyler, team on FOMO hour calls the kids can't fix.
Free to match the bears.
Folks, crypto majors are green this morning.
A slew of bullish headlines pouring in.
Also, markets are reacting to Trump delaying those EU tariffs that came out yesterday.
Those are going to get delayed until July.
We got Bitcoin 110K ETH outperforming up 4%, 2660.
Solana up a percent at 178.
We had Cake, Q&T, Injective, and Aave leading alts.
Hype.
Hype was the talk of the timeline this weekend.
It hit a new all-time high at $40, briefly hanging out around 3850 here. It was the single
top mover in all of crypto on the week up 43%. Folks, more and more institutions are buying
Bitcoin and crypto. So with Trump media breaking right ahead of the show, they announced plans to
buy $2.5 billion worth of Bitcoin.
Wow.
We had Jack Maulers and 21 Capital Saylor aiming to acquire up to $100 billion to get 5% of the supply.
Michael Saylor, they bought 4,000 Bitcoin in the past week, 106K average. The blockchain group completed a $63 million bond issuance to buy more Bitcoin.
And then we have Vivek.
Vivek's Strive announced plans to buy $750 million more of Bitcoin.
And now, just in this morning, the new Ethereum micro strategy just may have formed.
It's this company, Sharplink, have teamed up with ConsenSys and Joe Lubin.
And they have plans to buy $425 million worth of Ethereum. So, I mean,
a wild laundry list. This is clearly the biggest trend in crypto right now. So we're going to keep
watching that. We'll dig in here later in the show. Other headlines, Coinbase facing a class
action lawsuit from stockholders stemming from that data breach. Expect more to come there.
Stemming from that data breach.
Expect more to come there.
Recent research by Google indicates that quantum computers may be able to break the RSA encryption 20 times faster than previously estimated.
So we're going to continue monitoring for that.
Justin, before the show as well, Circle officially filing for IPO.
It looks like they're going to come out somewhere in the $5 to $6 billion range, also squashing those rumors that perhaps they were being shopped to Ripple and or Coinbase.
So it does look like they are going to move forward with that IPO. In token airdrop and
protocol news, a lot of InfoFi action this weekend. So Huma Finance debuted its Huma
token, $630 million FTV. They airdropped Takedo stakers. Infinex opened its airdrop claim for their Upatron tokens to Kaido yappers.
We had Yeet make its debut on Kaido along with this new InfoFi protocol, Loud.
Loud's been all over the timeline.
So those are three huge pieces in there.
We've got Axiom.
They generate their first $100 million in revenue just four months.
So Axiom has been really taking off.
The Rekt brands, they're coming stateside, folks.
Rekt is coming to LA June 19th to 21st.
So put that on your calendars.
Rounding this out, AI memes and NFTs.
AI market cap kind of hang around the same, right around $12 billion.
Tom Brady has now invested in Katina Labs,
which is an AI-native finance startup
co-founded by Circle co-founder
Sean Neville. They've raised
$18 million to build autonomous agents
that execute crypto transactions
using stables.
Meme leaders pretty much even
on the weekend. LaunchCoin
even. I believe that
founder Pashnack teased a flywheel
incoming. That did pump the launch coin token back
to about 220 million or so.
And then a bit of NFT action.
So first shout to seed for his,
he re-upped his $2.75 million loan against his seven trade punk.
I think that is the biggest NFT loan on the books right now.
We had bad buns,
a notable mover.
They jumped 170% at .28 ETH
as the unofficial Mega ETH and Antique collection.
And then these
Putremons?
What is this collection called?
It's the new Pokemon
Supermon, the Supermon 151s.
They
minted for 0.019.
They ran all the way to 1 ETH.
Those were the top mover of the day.
There was a lot of action.
We're so back, baby.
Yeah, shout out to 8th Ventures.
He's a French artist.
Cool dude.
He's really viral there because he
posts all his art on there.
Back then,
2021, he made me an honorary.
I saw him pop out this week, this morning.
I was like, holy shit, wait, I still have my shit in the vault.
So he made me that, which is super cool.
So love to see NFTs.
The thing is, NFTs have been around the entire cycle,
just not the NFTs that we bag held since 2021.
There's been so many sales that you've talked about.
Like even this weekend, I don't know if you...
That's one thing that was in the top.
Your top here is Red Bull and Abstract at the Monaco F1.
They minted like 250,000 NFTs on Abstract.
Oh, wow.
Yeah.
So I'll show you.
But it's just stuff like this.
Like we may not see right away because it's not like pumping our bags or whatever.
Oh, sorry.
896,000 NFTs were minted this weekend during the Monaco Grand Prix on Abstract.
So it's this one.
806,205 Red Bull Racing digital collectibles claimed during the Monaco Grand Prix weekend.
240,000 new users onboarded to crypto by Abstract in just seven days,
most of it for the first time.
Thanks to our three-second Web2-friendly onboarding,
they don't even realize they're on-chain.
So they minted out this new Red Bull NFT
via Gate.io. So it's a strategic
partnership between Gate.io and Abstract.
Shout out to Gate, also one of our partners
on a few things. We've had them on the show a few times.
Kevin, love that guy.
And then also, you know, Abstract,
obviously, because we're building on there.
So, you know, NFT is, you know,
the technology, we've talked about this a lot, you and I, around the show, but still around. We may as well start there. What, you know, so, you know, NFT is, you know, the technology.
We've talked about this a lot,
you and I are on the show,
but still around.
We may as well start there.
What else is new in the world of NFT?
So there was a Supermon project from Ace Ventures that did good.
I'm seeing stuff with the high POs
on Hyperliquid and like,
like this bunny for MegaEth.
So tell me more about all this.
Yeah, there was a lot of action.
You're showing this 8th project,
the Super Mons.
I can't find it.
Here, I can send it to you.
They're turning on OpenSea as well.
Okay.
Let's just go there.
It's his standard abstract style of art.
He has prior collections like you alluded to i guess the tie-in here is to pokemon i will admit i am not a pokemon
guy so i i don't see the connection here i don't really understand it um but apparently there are
a lot of pokemon fans out there enough to drive this n NFT collection up to a 1E floor.
Granted, you always have to be careful with these super low supply collections.
Yeah, of course.
They move up fast and they can move down fast as well.
If you're not buying for the art, you're probably going to get wrecked.
You ought to think about it that way.
For sure.
So if you're going to dig into this, because these things can turn in liquid very fast.
But still hanging at .79 ETH.
They did 55 ETH volume, which is
pretty good. They're really nice,
man. For such a small collection.
Oh, I love
it. They do look good, yeah. I mean,
if abstract Pokemon
art is your thing, then
this is right up your alley.
Yeah, very cool.
They're actually very nice.
It's very well done.
Love the artists.
Look from stuff.
So there was that.
Then you shared this with us yesterday in the chat.
I went ham on these.
So disclosure, I swept a lot of these.
The bad mods.
You're killing it.
I saw a few people tweet about this on the timeline yesterday afternoon.
I was around.
So I checked them out.
And there's obvious comparisons to the Hypeo project.
So the story here, these are the unofficial first Mega ETH NFT collection.
It's not official.
It's not endorsed.
But Bread, one of the loud spokesmen for Mega ETH, did post about his.
And it seems like he's embracing it, which I think the market is taking.
And some of a signal
that he is kind of somewhat endorsing
this collection. It's
of course using the rabbit
from those Mega ETH
Soulbound NFTs.
If folks remember those back
from that launch a few months
back.
It's kind of similar to the
Remilio Hypeo vibe but it's using the bunny character. I like the of similar to the Remilio, Hypeo vibe, but it's using
the bunny character. I like the art.
I like the traits.
Hello, Storm's up 170%,
150%.
On the day, .265, and
we'll see where these things go.
And then Hypeo, is it also on an open seat?
Do you buy those?
I don't know the full story, so I think Good trade. And then Hype PO, is it also on OpenSea that you buy those? Oh, no.
You can.
So I don't know the full story.
So I think if you hold these on Hype, they've been giving like airdrop aloes.
Yeah.
Of course.
I'm not super plugged into the details on that, but I saw them like on OpenSea.
They're trading at 3.4.
And that's a 5,000 supply collection.
The bad buns are only 3,000, which I did like that more limited size.
Damn.
NFTs are cooking.
Look at that.
Some action.
I've got some chats saying, hey, I feel some NFT FOMO for the first time.
And I'll be honest, I haven't swept an NFT in a long time.
Dude, these are still 20 East?
Holy shit.
Yeah.
I'm impressed by the
activity on those
let's look at the board I guess
hold on let's look at the
east nft board here
oh fuck it's not loading hold on
let me just go back to open c but
how is our east nfts holding up
I'm curious about the legacy projects right
kind of sideways
punks are
46.7.
Bored Apes caught a little bit of a bid this weekend.
They're at 13.7.
Pingu's are
right around 10.
Yeah.
What they are doing is they're holding their ground
in the ETH grind up. So in
US dollars, they are going up.
Yeah.
Wow.
Top offer on a Beeple Genesis is 40 ETH right now.
I'm sorting my top offer.
It's actually solid.
Everyday top offer, 37 ETH.
Fidenza top offer, 26 ETH.
Interesting.
Broken Keys, 20 ETH top offer.
Wow.
Wow.
This is real money, right? Top bid is like an actual ask an actual bid so grifters top offers at 10th but the floor is 19th it's not
bad pudgy penguins you're 10 yeah wow the remnants 70th wow this is interesting like how are collections
like and what's the punk set? How's our punk Bitcoin?
Still looking good.
Thank you for asking.
124k.
How about that?
You're very welcome. A healthy little 14% lead over
Bitcoin.
Dave held strong at that point.
Anyways, Mando, good morning.
How you doing?
I'm doing great. How are you, man?
Fantastic. Phenomenal. Incredible. Great. Lovely.
Feeling fucking amazing. Honestly, feeling amazing.
Aside from the fact that I sprained my back last weekend, which really sucks, boys.
Don't sprain your back. Be careful.
I can't lift a single weight for a week, maybe two.
So aside from that, boys, your boy's a little handicapped.
But, you know, feeling good, though.
Mentally, we're here.
Okay?
Physically, 60%.
But mentally, we're good.
Anyways, so let's go towards the market.
I mean, Tyler, you mentioned this.
So let's read the headlines out.
Then we'll talk markets with Mendel and stuff.
But like, we woke up to a raging pump this morning.
Like, these markets, I mean, sheesh, this is incredible.
Everyone's buying.
So the big announcement, Trump Media.
This was somewhat leaked yesterday from the Financial Times, but confirmed today.
They're going to build a $2.5 billion Bitcoin corporate treasury.
It looks like they've got 50 institutional investors, private placement offering.
It's going to be 1.5 billion common stock, 1 billion in convertible senior notes.
They're going to use crypto.com and Anchor's digital for custody.
And it's expected to close on Thursday, May 29th.
So this is coming soon. And that's $ to close on Thursday, May 29th. So this is coming soon.
And that's $2.5 billion.
And then Vivex Strive also announced $750 million in new Bitcoin demand on their side.
This comes after Saylor.
Of course, he's continuing to buy.
He only bought half a billion this week.
Still a massive amount.
And then just more of the smaller companies.
And that's on the bigger one side.
And then on the ETH side, it's the Sharpling Gaming,
which this is the new trend.
These micro-cap companies are teaming up with larger investors,
and they're spinning up these new acquisition vehicles.
And they partnered with ConsenSys and Joe Lubin.
They're going to buy $425 million worth of ETH,
which I think is, this is, I believe,
the biggest one of these acquisition vehicles
to go after ETH in this size.
Yeah.
So Joe Lubin, starting the ETH micro strategy,
you absolutely love to see that.
It's $425 million acquisition of Ethereum for Sharpling.
You absolutely love to see that.
Look at that, Mando.
Papa Joe's to the rescue.
Love to see it.
Dude, big news.
Big news.
It's a good day to have Joe Lubin as the second biggest name on your cap table.
Let me tell you that.
This is a really interesting trend to see how these companies are going to continue to manage this and move forward.
There are different levels of this.
Joe Lubin is probably a different tier than some of these other companies who are spinning this up.
is probably a different tier than some of these other companies who are spinning this up.
These acquisition vehicles are going to look great in a bull market.
And the numbers keep going up.
And they're going to look a little worse when things change.
I think it's becoming one of the biggest risks we're facing.
It's what's going to happen to these companies in a downturn.
But hopefully it's something we don't have to deal with for a while.
So let's talk about this, right?
Like, I'm curious your thoughts, both of you guys,
on this. I mean, I don't have that many thoughts
on it personally, but it's not my expertise.
But a lot of people are saying that this is not
going to sustain all these crypto companies.
Like, obviously, like, the Bitcoin ones
tend to get a little crowded. Like, you had MicroStrategy
for years. And now you have the Vivek,
you have the Trumps, you have all these random companies, and you have the French one, the Blockchain Group, like, a lot gets a little crowded. Like, you had MicroStrategy for years. And now you have the Vivec, you have the Trumps, you have all these random companies.
And you have the French one, the blockchain group.
Like, a lot of ones for Bitcoin.
Solana looks like there's just sole strategy right now, which is, like, what?
It's pretty good.
And then now Ethereum has a player in town as well.
What are your thoughts here?
Like, a lot of people are saying this is not going to work.
They're going to trading negatively soon.
That on the downtrend, they're going to break out.
What are your thoughts, both of you, on this whole
new reverse SPAC?
We could call them almost, like
to buy crypto via Treasuries.
Yeah.
I wanted to give you a chance to jump if you wanted to.
I'm just curious. I think it's going to work out. It feels like it's going to jump if he wanted to. It's a real serious.
I think it's going to drive,
it feels like it's going to drive parabolas up.
And then it would also potentially be the fact that it's going to drive
parabolas back down to me.
That's just my gut feel.
It's pretty untested.
Right.
And they're all going to have their own different terms and how they're
going to operate.
So it's hard to just make a blanket statement.
We talked about microstrategy at length on this show.
Microstrategy is fairly safe.
It's going to be very hard for them to become forced sellers.
We would have to look at the individual deals
for all these other companies,
but they feel more likely that they could have to be face a situation with
their four sellers at some point the other aspect is people are starting to pile into these stocks
versus the the crypto assets right so you buy sharp link stock instead of buying ethereum
um a lot of these companies have been trading over book and then there's like Stats who think that premium is going to go away very soon.
And they should, in fact, be trading at discounts to their book with the difficulties they'll have in selling based on their size.
So I think that's one of the risk factors here as well is what happens to the publicly traded companies and folks who are buying into those.
Like this Sharpling stock is up 460% today on the back of this news.
Wow.
That is pretty big.
What do you think, Mando, from like your financial background and all this stuff,
like your trader background, like you've seen a lot of different shit.
Spacks, et cetera.
Do you like this new model here? and all this stuff, like your trader background. You've seen a lot of different shit. Spacks, etc.
Do you like this new model here?
I think it's just because of what happened with Sailor, right?
Yeah, that's it.
Because Sailor trades a 2X book,
all these companies are coming in to try
and do the same thing. I think
this is going to continue
until it goes wrong,
basically.
Everyone thinks they can just do what Saylor did.
And just logically, that can't continue to have this premium.
These things are no better than ETFs.
And yet they are somehow being valued at 2x their book value or higher.
So I think everyone's going to try and do it.
But do you think it's going to be sustainable?
Like what happens in the bear?
It's definitely not sustainable.
It's 100% not sustainable.
That's the point.
And in a bear, it can be really bad.
Like this, yeah, I feel like the next bear is going to be disgusting.
Between the ETF sell-offs and
this well if they start trading below people always think that you know microstrategy has
traded above nav it hasn't for large portions of its history it's well below nav and now now
microstrategy doesn't have a huge amount of debt but some of these companies are going to be very
have a high amount of debt in their in their structure these companies are going to be very have a high amount of debt in
their in their structure and there's going to be incentive for them to actually sell off the bitcoin
and repay the debt if that happens so um yeah definitely be aware of that yeah it's definitely
something to be aware of but for now we'll celebrate it and it's good um speaking of bitcoin
all these companies i shared i shared this chart on the timeline this weekend.
I know the last couple of weeks,
a lot of people called for BTCD top in the alt season.
But I don't know, boys.
Looks like Bitcoin's ready for another melt-up, to be honest.
What are your thoughts here?
I mean, it looks like, I don't know.
Bitcoin does not look anywhere done here.
It's barely hit an all-time high.
Where do we think
Bitcoin kind of like pico tops
here?
I have my ideas. I'm curious
what you guys think. I don't want to make a call.
The M2 chart shows us maybe going to 120k
this week. Oh, you did share that
chart this weekend.
You did share that. I saw this on your timeline.
Where is it?
You'll have to scroll a little bit.
There it is. No, it's right there.
There you are.
We had the dip to 105.
Yeah.
Then it looks like we go
vertical.
Follow M2.
I like that.
Amanda, do you a dear to the M2 chart?
So far, so good.
It's been right so far.
It's been right so far.
I do think it's going to take a lot for it to sell off significantly.
Yeah.
You can get...
They barely could sell off, right?
I like this Blunts chart, which this just happened,
but we barely could sell off, right?
They just wicked James Wynn.
Big James! We'll have to talk about his weekend, Tyler. which this just happened but we barely could sell off right they just wicked james win big james
which we'll have to talk about his weekend tyler but you know they kind of hunted them yesterday
and that's about it boys like that what was the dip yesterday was like 106 107 5 i think
yeah we didn't go yeah 106 6 on the 25th which is not yesterday's It's Sunday. Sunday. Yesterday was 107.5.
You're right.
We didn't even retest the 104, like, top of the old range.
So we're looking good, boys.
In the words of Rookie, I find it crazy that Bitcoin will trade $114K this week.
I find it crazy that Solana will trade $200 this week.
I find it crazy that Farquhar will trade $2 this week.
Where's Ethereum in that sense?
$28K? $29K? $3,000 maybe?
What do we think?
Ethereum has a lot of bullish momentum going on for you now.
On top of that, now they have...
Ethereum's pretty good.
3K in that scenario where all those numbers said,
I think 3K.
I agree with you guys.
I mean, look at the setup, boys.
As a matter of fact,
you guys want to see something fun?
It's the exact same setup on Doge than on ETH. I was looking this morning at Doge.
Oops. Yeah, see this setup? It's the exact same charts, boys. Have you guys realized this? Look at this. Now look at this.
Right there.
Right here, little favorite man Tyler's little cup and handle on both, little bull flag.
What is it? A bullish tenant, I've learned over the last couple of years
on CT.
So ETH looks good here
which means Pepe
looks good here as well.
Which means probably
MOG looks good here as well.
All the same chart
which means also
a REG.
This is crazy.
It's crazy how
yeah it's crazy right?
Pepe,
and Ethereum
are the exact
same setup
on all three.
Which kind of validates Mando's point that Ethereum itself might outperform its
memes for a little bit because it's just going to do the same move up.
And then Rekt, which touched its all-time high,
and it retreats a little bit.
It's getting ready.
So the ship Rekt announcement into Los Angeles.
Looks like Rekt Brands is coming to LA. Tyler, you had this in your topics like Wrecked Brands is coming to LA.
Tyler, you had this in your topics today.
Wrecked Brands is coming to LA.
Something's brewing June 19th through 21st.
This comes on the back of their new Shipwrecked drink flavor.
I don't know if we know the flavor yet, but that's the name of it.
I wonder if it's just broccoli water.
I don't know.
That's my gut.
My gut is this is just your This is just your, your standard soda unflavored. Um, that's my gut. So we'll see if
that pays out. Um, I think it's clear that a new drink launch is coming soon. I don't know if it's
going to be timed up with, with the LA event before that or after, um folks may not remember is that
past doesn't always indicate future,
but the last drink sales have been followed by buybacks.
Yep.
And I saw someone share that the direct treasury for marketing
is up like fucking millions of dollars.
Well,
obviously the Rekt flywheel,
right?
Mando,
am I right?
I saw someone say 45 million,
but I didn't want to quote them because they didn't want to know if I was,
I didn't check the chain myself,
but apparently Rekt obviously has a marketing treasury and with it being an
all time high,
it's like an absurd amount of money in marketing.
Well,
think about the flywheel.
We already kept a very large percentage of the offering treasury,
but then we also did buybacks and we did buybacks kind of close to the lows.
Right.
Yeah.
So yeah,
you're right.
You got one,
1.8 trillion for a hundred grand.
That was literally the fucking low.
Right.
We've done a couple of those,
right.
And it's gone up a lot since then.
So I think those are up like five or six X those purchases.
Yeah. There was also the flywheel little Twitter's been broken. So it's hard to, there it is. There it is. Yeah.
Yeah. So once you then do that, you can, yeah, the flywheel can, I mean, that's just a bigger marketing budget for us right now.
So we have a lot of treasury.
There it is.
It's here.
It's here.
Reward pool increases.
Currently, 38% of the token supply is held for future community rewards.
That's $44 million at current FDV.
Yeah.
This next drink, so the last drink sold out in what, 20 minutes, 30 minutes?
40 minutes.
These next ones are going to sell out in half the time. Yo, we need
to market on that. And that's going to generate more
headlines.
Which is going to generate
more attention. Perhaps
the token goes up, the rewards pool is bigger
and then the next drink sale is going to sell out
in half that time.
I can't wait for one minute drink sale.
Until we're selling out on the buzzer.
How are the NFTs doing?
We're going to spike gas on Ethereum
by the end of this thing.
That's not bad, by the way.
The red guys
trading at 0.43, this actually should be
trading way higher.
If we're in 2021,
obviously I love Pudgy, but if Pudgy's
trading at 10 ETH, why is red guy trading at
0.4 ETH?
We're in Apes.
Yeah, the Red Guys have not kept up with the coins.
Well, because do they get you something?
Do they get you a multiplier?
I mean, the Pudgies don't get you Pudgy points or something.
So they shouldn't.
They're just vibes.
This is low.
This is low This is low
But I guess people rather buy the token
Which makes sense as well, right?
Like if you have to pick between .48 into a token
Perfectly for the NFT
I guess if you want to join the community, you buy the NFT
You've done one on the token, then you buy the NFT, right?
To like participate more, I guess
They have the
Golf tournament today, I wish it was there, I was invited
But couldn't make it all the way there They have a golf tournament going on and in other news
from friends yeet kaido mando pulled the trigger you kind of hinted at it on the show i think a
couple weeks ago um tell us more actually i'm curious because you've decided to pull the plug
and do it why are you doing this because a lot of people
ask like we've talked about this with tyler on the show multiple times as a founder yeah why did
you decide to do this yeah good question um because we we thought about it a little bit
beforehand and then we thought it was kind of worth it. I think there's two things. So firstly, just for general brand recognition,
like most people have like their own native social program.
We felt as though, remember the original like portal method
where you do it yourself?
We felt like those are ones like losing focus to these,
which were like pan X all across all different projects,
all across all different influences and people paying more attention to it.
So we were drawn to these more naturally.
And then secondly, so, so there's, there's two different products here, right?
So there's the YAP leaderboard, which just gets you a leaderboard.
Which is this, right?
Yeah.
And that there are some incentives within Kaito for that.
but,
but what you can really do here is,
is if you go down to Kaito earn,
on the left hand side,
you can actually run specific rewards campaigns for people on those leaderboards.
And you can get to your own affiliate.
Yeah.
So what we will be looking to do over the coming months
is not only bring in rewards for people who are talking about us the most, but also have rewards for people who are linked to our affiliate program
via Kiter.
So for a business model like ours, like it makes, it makes,
it makes a lot of sense. And we like those guys.
Like I just think that they have dominated this.
Now I think there's obviously slightly diminishing returns and if
you if you can't do the earned thing that we can do i do think your product if you just did like a
yak leaderboard which used to be like the only thing that projects used to do um it's less
attractive but for us like we have a clear reason to do it. Hey, I'm cooking hard.
I'm right there.
Look at this.
Sims, I'm coming for you ass.
It's going to be funny when I flip keyboard monkey.
So ideally in like a month's time,
this will have rewards for people who are talking about us the most
on the top of these sort of lists.
And also those who are driving volume to more directly through this.
And then obviously we're going to do a token.
there's,
there could be incentives around that when we,
when we launch.
Did I hear token?
Tyler,
did you hear that?
I mean,
we've been pretty explicit with the token.
So did I hear this?
So wait,
did you tell me there's two tokens coming out of this show in,
in 2025
wow so you're telling me if you pay attention to fomo hour
there's like myriad and heat coming out of it is that what i'm getting out of this
damn that's what you get brother i would probably pay attention to fomo
yeah you know i wrote a tweet about it yesterday. You know, Rekt has already shown
what's coming out.
You know,
you guys are coming out
and we're a little behind you.
That's also coming.
But I like,
so my other question for you,
Mandel,
on this,
I want to stay on this topic quickly.
A lot of the criticism
Kaito's gotten
for the leaderboard
is that it's
human slop.
So have you seen,
obviously,
all of a sudden,
I see a ton of like
posts about eats, right?
Is that increasing user engagement?
Not just engagement on Twitter, but like, have you seen this effect?
I mean, it's too early to say, right?
But are you seeing more?
Clearly there is slop out there.
Like clearly there is.
Clearly it's this farming of this and people's, uh, I think the difference between the root
ours is less of a,
so we have a,
we have a fully formed product,
right?
That generates revenue.
It's a hundred million dollars of volume.
Like it is fully formed.
I think where this can get annoying is when there is no product.
And this is true.
And it's just about talking about the thing.
So for us,
we can, we can change it to being way more
directed based on like all right you're not only talking about us but you're also
actually driving revenue to the site and that will be better accounts in terms of engagement
if if i couldn't do that it would be less attractive because then you are really just inviting more low quality slash slop style content.
Whereas that affiliate tie in that Kaito Earn thing really works on both sides for us.
It means that the people with the most reach who can actually drive volume to the site, generally higher quality accounts will gain the most.
And you'll only really see that sort of content you won't just see like
lower value you don't know if it's an ai bot or not or at least the post has been written by a
and i would say about one in every 10 two in every 10 things that i saw yesterday from you was like
was wrong um but but that but that's still like we we saw a massive uptick in signups
massive uptick in um in uh volume in uh our engagement on social media like it's been a big
big win for us but you have to get like yes like yeah it's like perfect it's true no you're right it's because
I think you made the best point a lot of these people
pre-leaderboard in the leaderboard don't have a product
they're just talking about some L2 or L3
or some product that doesn't exist
but if you have the product already and it's well
formed and people can use it you can cater it to that
I don't know if Tyler you had any questions on that because I know it's something
I was just going to comment
that I wasn't sure what kind of
yeet content I'd see.
So far, I've actually seen a lot of good content.
People talking about their strategies,
people talking about what
games they're playing.
I feel it was all out.
Which I think is good marketing.
We show off the games on this show,
but I think for the average
CT user who's not deep in
yeet, they may not know a ton about the different offerings.
Now you've got folks sharing some thoughtful content.
I haven't seen any slop.
I'm sure it exists.
And I haven't been combing through it.
I wouldn't say necessarily slop,
but you can tell that they've just tried to get a post out.
Yeah, I mean, you have stuff like this, right?
And that's not bad per se.
It's good publicity.
But it's like now you'll get a lot of these posts, right. Yeah. I mean, you have stuff like this, right? Like, and that's not bad per se. It's good publicity, but it's like,
you know,
now you'll get a lot of these posts,
right?
Yeah.
And there's been some confusion that we're not,
there was another Yeet project,
which was on Baratain for a while.
So like,
the other one was like,
the first project on Baratain.
I'm like,
we're on Baratain,
guys.
But to me,
these are good.
Like, because even though some people may consider a post like this slot, and that, by the way, I are good. Like,
cause even though some people may consider a post like this slot and that,
by the way,
I'm not pick single picking on someone.
Right.
I just,
first one I picked out,
it came up to me.
These are good as publicity.
Right.
So reminding people,
these guys raised that money.
There's all these people.
Like,
I don't know.
this,
they're not necessarily bad either.
Right.
So interesting. All right. Well, look, looking forward to, like i don't know um this they're not necessarily bad either right so interesting all right well
look looking forward to this is probably the first leaderboard i'll participate in
you should maybe get fomo hour on on on kaito too right well can we i actually don't know
i wonder if fomo i can win out of this that's this. That's a good call because we do all these giveaways.
Anyways, that's the 10K poker.
I was meant to play, but I have a very, very, very, very, very important meeting that I can't move.
So sadly, I had to tell Ben that I can't make it.
But I really wanted to play a poker tournament with you guys today.
Fuck.
I'm so annoyed at that.
It sounded so fun.
But anyways, Tyler, what else did you have
for us feels like there's still a few things we haven't
covered we've covered a lot
I was on the wrapping up this Kaido
topic I think just
the rewards are real so like
Huma Finance they debuted their Huma
token it came out 600 million
on TV they gave a good chunk
to top yappers
and to Kaido stakers it seems like
a lot of rewards are being funneled to kaito stakers right now as well as the kaito nft holders
and we saw those nfts are back over three eath and i mean the kaito tokens hanging out around
two dollars two billion um which is is pretty damn strong and now Infinex, they launched their claim this morning as well.
They're doing a $6 million campaign.
I think Mando and I both got some tokens there.
They're not tradable yet.
You can go claim them, but you can't swap them.
But I went and played around the Infinex product this weekend,
just kind of on the back of that, and it actually is kind of slick.
And to me, this is a sign that these programs can work right like i was probably very doubtful to be an infinex user
without this campaign if i'm being just totally blunt um but because this campaign i gave it a
shot to see like okay what is this thing i was thing okay i actually kind of like this this is smooth um so i do think that these types of campaigns can definitely work or for some of these protocols
and then we've got loud loud is the one that everyone's going to see on their timeline if
you haven't already this is from ox ultra um it's kind of like a pac moon style project it's got its
own flywheel so basically what they're going to do, they're going to launch a token.
They're going to charge fees on trades.
And then they're going to take those fees
and they're going to give them out to the top 25 yappers every week.
So they're going to try to generate attention.
People who are best at generating that attention
are going to get the fees.
And they're going to try to run this token up.
I think, of course, there's been a lot of people talking about this.
There's been a lot of bull cases.
I struggle to see why anyone's going to buy this.
I mean, of course, you buy if you think the number is going to go up.
It's already hyper competitive to get into top 25.
hyper competitive to get into top 25.
I don't think I've got a shot to be top 25 on this.
I don't think I've got a shot to be top 25 on this.
And if I can't be
top 25 and I'm not going to be getting the token
awards, I'm going to go buy
this so
Top Yappers
can just dump on me.
Yeah, I don't know. And I did the comp to Pac-Moon.
I think people will kind of forget. Pac-Moon had
those other incentives.
We were getting those blast jackpots for holding that Pac-Moon, I think people will kind of forget, Pac-Moon had those other incentives. So we were getting those blast jackpots
for holding that Pac-Moon token.
So when you do this, you have to have something else.
So we'll see.
I'm not just coming out here to plug.
It's an interesting experiment.
And then along these lines, the Pac-Moon guys are back.
They're going to do something on Hyperliquid.
I saw Bobby and Lambo talk about uh, Bobby Biggie on Lambo.
They're,
they're running it back on hyper liquid projects.
Yeah.
We don't know anything else about it,
but,
they've already got 15,000 followers.
So clearly they're good at,
at generating hype.
And I think the other story,
this kind of maybe sags back to more of the market talk.
Uh, everyone's
bridging over to hyper evm but i don't know what they're doing over there uh there's there's a
handful of tokens that have done well i'll admit i'm not actively trading hyper evm so maybe i'm
just i'm so surprised right now uh like this perp coin is doing okay is it eight and a half million
uh what i haven't seen anyone i haven't really seen anyone victory lapping like oh i hit this like this Perp coin is doing okay. Is it eight and a half million?
What I haven't seen anyone,
I haven't really seen anyone victory lapping.
Like,
I hit this five X or 10 X on hype EVM.
I've seen a lot of people talking about bridging.
I haven't seen anyone victory lap their gains.
So I don't think there's a ton of people having success on hyper EVM just yet.
What do you think of this take?
On some call in, because a lot of people are saying,
oh, like hype is going to flip soul,
which I don't like the narrative like that.
But on some saying, he's not like saying it's going to flip.
He's saying that hyperliquid at 12 bill is what Solana was at 12 billion.
What do you guys think?
Is hyperliquid at 12 billion or is do you guys think? Is hyperliquid
at 12 billion or is it 38 billion?
Market cap is fully diluted.
It's 38. You're right.
Yeah. I think you've got to pay
attention to that, in my
opinion. You're right.
What's hyperliquid trading at right now?
Wow, 37.
Five,
man.
This chart is insane.
Hey,
fucking wild,
dude.
It went down like 70% from top here.
Yeah.
And just ran it back.
So people had two chances of trading because it opened at like $8,
right?
That one day.
And you had another chance of buying at $8.
It's just so nuts.
Yeah, they give everyone another chance.
It feels like
it has become the most
public trade.
I know Dee's ran his poll and we talked about it last week.
I think since then, we've seen
more and more folks just kind of talk about how this is
the trade.
It's strong. They're doing the buybacks every single day. It's strong.
They're doing the buybacks every single day.
It's hard to ignore that.
Yeah.
I think Hyper EVM is still in its infancy.
Yeah, it is.
I remember when I was trading on fucking Hyper Liquid memes
like six months ago
for like a whole weekend with KBM.
It was so funny.
They made a group chat called like Hyper Retards.
They were just buying hype meme coins.
So I bridged there like months ago and I did it.
And I just was like, okay, it's not working.
Sadly, I was six months too early.
That didn't work out for me.
Anyways, the code today.
So the reason we haven't given you guys a code is because Twitter has been broken again.
And if you realize, even on this show, when I go on people's pages and load
their tweets, so try the code
RektGuy.
RektGuy, rafflebot.xyz,
try code RektGuy.
Try code RektGuy,
rafflebot.xyz if you have a chance to win.
While we do this, and speaking of win,
should we talk about James Wynn's weekend?
Sure.
I mean, Big James.
What is going on here?
I mean, dude, what the hell, man?
Some crazy swings.
What kind of TA is this? Like, this is insane.
Look at these lines, man.
This is some crazy mental gymnastics.
So James Wayne went ahead.
He was rightfully long, right?
Wouldn't have gone liquidated.
Went short at the bottom.
Closed for a $25 million loss or something.
Went long at the picotop, $109K something.
Lost another $17 or $18 million yesterday. Closed that. went long at the Pico top, $109K something, lost another
$17 or $18 million yesterday,
closed that,
and his PNL won negative
$43 million a week. He went from
$87 million PNL
to $9 million, and it appears that he's
back at $20 million and plans
on running it back up to $100 million.
How does this end, boys?
And now he's back to calling $118K.
And you know what's funny?
His original thesis, I think, was right.
Like, we're going to $120K, $118K.
But this flip-flopping over a long weekend, it's insane.
And they hunted them yesterday.
I mean, he was trading like a first cycle momentum trader who is like i mean just
making basic mistakes like the first trade was great and then he flip flops late and then he
flip flop again late and it's like is there is this all like a big game a big act like there's
always the conspiracies right that this they're into hyperliquid and this is just a massive hyperliquid
marketing campaign.
Or that he's just
some megamind, but he's not trading like
a megamind
by any means.
At one point, he was
up $30 million to $40 million.
$45 million on the
trade. He ended up down
$43 million.
His seven- day P&L
yesterday was negative 43.
And then his all combined P&L guys
yesterday at the lowest, he went from
up 87 mil to just up 4.5 mil.
He's swinging around big size.
Oh man.
So they
hunted him last night.
I saw that on Hyperlink when it was crazy.
And it appears
that now he's up 20 mil again.
For this screenshot.
Oh, he's back up, so is he long?
Yeah.
And he's cutting for 118 K Bitcoin
So we'll see we're wishing you the best James win
We definitely don't want anyone to lose I'm seeing his liquidation prices 108 9. Oh
God, can you which which account is it on here?
Leaderboard, right? Is that where you see it? No, right?
There's some people that make so much money on here dude now I'm saying it's at one
that might have been a little old
his look is 107.974
this position I'm seeing is down 2.1
so maybe he's got other wallets
yeah
looks like he's not going to stop
yeah 100 millions or bust Yeah. Looks like he's not going to stop.
Yeah.
100 millions or bust.
Yeah.
Well, good luck. What does that mean for the Moon Pig market?
Moon Pig is down
to 69 million.
Are you still in that trade?
When he closed his first position, I got out.
Big Game James is no longer
your guy.
Moon Pig was a levered bet on Big Game James
when Big Game James started showing signs
of weakness.
Speaking of levered bets,
I pissed off a few people
this weekend, boys.
You sure did.
I caused quite
controversy this weekend, which
got me number one on Kaido. I got another gold
medal over the weekend.
You know?
It looks like my take
on ordinals and ruins
was not very... Actually,
it was very mixed.
It was yes and no.
You know what I mean?
It was, some people took it well, some people didn't.
Got 16,000 views, so I'll take that.
You know, after some careful consideration
and reading the comments and having,
as a matter of fact, I want to give a shout out
to the few people that had really good conversation
with me in the comments, like Leonidas,
a lot of the people out there from the from that bitcoin
ecosystem so it was really healthy combo as a matter of fact obviously there's a few people
that were really angry and that's fine i just ignored it um a few people are like oh poor dude
bought the top little do they know is i'm actually up on every single thing i've bought in ordinals
but casey literally launched the ordinals protocol and came on our show after this in February, last two years ago with Ovi Mendo and I.
So we were very early to Ordinals.
We're good.
Remember that one time, Mendo, when Casey came on our show a second time?
It was still Yumi and Ovi and asked us if they should change the inscription numbers.
And we took a vote together with him and voted no.
He literally asked us, what do you guys think?
Should we change the big drama? And we all voted no. He literally asked us, what do you guys think? Should we change the
big drama? And we all voted
no, so they didn't do anything.
So that was epic.
But anyways, I
revised my statement, obviously.
You know, shouldn't have come at Ordinals.
I do think Ordinals are strong communities and NFTs on
every chain should thrive. But Orunz, I have to
stand by my point. Except for Dog, that's
proven everybody wrong, but it's the only one you know yesterday bongo which i see your hand raised on
stage now we'll go to you in a second you know bongo i don't see you sharing screenshots of the
ordinal's table when it's red um you know so i don't know bongo what do you think i mean yesterday
i don't think you were very happy after seeing my tweet. No, actually, thank you for the CTO on Runes.
Please never stop.
Keep it up.
Every day we need tweets coming from you, Farrakh.
Don't stop, please.
Keep talking about it.
I think I will.
I literally think I will come and save Pups.
Someone has to.
Someone has to.
Yeah, you know, this is just, you know, Trump is playing 4D chess.
I'm playing 4D mahjong, you know, as ordinals are big in Asia and ruins.
So I'm just playing 4D mahjong and trying to save the ecosystem.
But anyways, I thought that was fun and we had some good conversation.
I'm holding my 16 puppets.
I'm holding my pups just in case we see a big spike in, let's say, Q3, Q4 for that.
Anyways, shall we give some money away?
Let's give some money away
Let's give some money did it work Sims in the end. Let's hope perma pups
Yeah, I may have to change my pups like something like that. All right, Timothy. Let's let's let's give some one
But like two winners on Friday will be fun
Two winners on Friday. I can't believe Tyler's missing winners on Friday. It'll be fun. Two winners on Friday.
I can't believe Tyler's missing Farcourt Friday.
That's so rare.
Oh, I know.
Well, Sam, shout to Sam.
He hit Farcourt twice over the weekend.
Dude, he hit Farcourt twice this weekend and back-to-back almost.
So that was crazy.
Where's Simothy?
Where's Simothy Chalamet?
He's probably playing Coinrass.
Yeah, Sam, are you paying?
Oh, there he is.
All right.
Oh, hey, Vanessa, let's go.
Oh, yeah.
That is an OD listener. That is, oh's go. Oh, yeah. That is an OD listener.
That is, oh, yeah.
She's here every day.
Fuck yes.
Congratulations, Vanessa.
Get on stage.
Let's go.
Let's go.
I should be following you.
She's won once way back then during the RollBit giveaways.
Way back.
She's won once way, way, way back.
And now there you go.
Winning on Yeet.com.
You absolutely love to see that.
Vanessa, what up?
Can you hear me?
Hey, yo.
Hello, hello. How you doing?
I'm good. Fine. Thank you.
How are you?
Congratulations.
All right. Well, Vanessa, I think...
Do you know the rules?
Do you know the games a little bit?
Yes.
Are you watching us on video or audio?
Both.
Both. Okay, perfect.
Well, I fixed it.
I'm now playing Yeet on Firefox, so we should have the music now.
So, Vanessa, congratulations first and foremost.
You made $500.
So, that's for sure.
No matter what happens today, you're leaving the show with $500.
So, congrats.
Second of all, Mando, Tyler, what are you guys thinking?
She's on video and audio.
Lamb Chop? Lamb audio. Lamb Chop?
Lamb Chop.
She's like, Lamb Chop, let's go.
Let's see if the sound works this time.
We're now on Firefox, so it should work, right?
Hold on.
It's not loading.
Sometimes I do have to refresh.
Let's see.
Let's play some Lamb Chop.
There you go.
Did you guys hear the sound?
So it's a browser thing.
Because on spaces, they can.
Because I definitely have the sound on.
Oh, insufficient balance.
That's weird, guys.
It's because we're going through Tyler's thing.
No, no, no.
You should play regardless. Like, you're hearing me.
It's, uh, I think, you know what it is?
I think it's my system settings.
It's okay.
We'll fix it next time because I think the hero space is.
All right, Vanessa, if you're watching us on video, do you know the rules to lamb chop?
Yes.
All right, perfect.
So you have two shots, $250 per shot.
Just know that you've already made your money.
For the first one, I'll let you choose the difficulty.
Easy, medium, hard, very hard, or death wish.
Let's go with
tell me again. Easy, medium, hard,
very hard, or death wish.
Okay, okay, okay. All right. Let's see. So we'll start with the first multiplier.
Okay. You made $319. Do you want to go to 425?
Yes. All right. One second. Let me fix it. All right. Let's go. Let's go. 425. Do you want to go to 575?
Yes. Let's go. 575. Do. Let's go!
575, do you want to go to 791?
Yeah, baby, let's go.
This is a good board.
Yes.
Come on.
Come on.
No, that's too bad.
I respect that hustle here.
Vanessa, guess what?
You get to go again.
Would you like to go on easy mode this time?
Yes, please.
Let's go easy, and let's start with the first mode to play.
268.
Oh, boom.
Woo.
Pow.
You're live.
You're live.
Do you want to go 297?
Yes.
297.
Do you want to go to 332?
Yes.
332. Do you want to go to 3732? Yes. 332, do you want to go to 374?
She's cooking.
Yes.
374, do you want to go to 424?
Yes.
424, do you want to go to 485?
Yes.
Yes.
Yeah?
Yes. Yeah? Yes.
Yeah?
Okay.
Yeah, baby.
Come on.
Dude, this is a good board.
Do you want to go 559?
Yes.
Come on.
Hey.
559.
Do you want to go 6.52?
She ain't stopping.
She's catching it at the railway.
Go to the barn.
To the barn.
To the barn.
Cash, cash.
It's your choice, Vanessa.
Not mine.
Cash out.
Please.
Okay.
That was a good round. Hold on. She had a good round. Please. Okay. Hold on.
Hold on.
She had a good run.
Hold on.
Vanessa.
Okay.
Is this your final choice?
Please, Payok.
Yes.
So cash out.
Okay, one more.
No, I don't want to cue you now.
You can cash out
Just so you know, though, if you cash out here
You're taking $559
You're taking $1,000 home
So you can cash it out
I don't want to
Now I feel guilty if she doesn't make it through
You know what I mean?
Yeah, now if you don't win this
I feel like fucking like a dick
You know what I mean a dick Cash it right?
Let's cash it
Guys if this one goes to the barn
What's your call?
We're going to cash it by the way
Don't worry you want
I think this was a barn run
What do you think Tyler?
I think she gets eaten in the next one
Okay so let's cash it out
Eating across the train line I think you get one across train line And then eaten in the next one. I think she's making a good call. Okay, so let's cash it out. Eaten across the train line.
I think you get one across train line and then eaten.
So the one after.
So you say one after.
Tyler says this next one was a loss.
I'm saying Barnard.
I think two.
Let's cash it out.
Oh, wow.
Hang on.
Look at that.
This is what you do, boys.
You know what, Vanessa?
That's not a bad cash because you would have lost in the next couple of runs.
So congratulations, Vanessa.
You make about $1,050.
Hey, people say Favreau forcing her to stay.
She would have made an extra 50 bucks, motherfuckers.
Anyways, friends, I'm kidding with you.
Congratulations.
You make $1,000.
Thank you so much.
I see you every day on the show.
I know you're one of the first people in the Twitter space every single morning.
So really appreciate you for being a loyal listener of ours.
And with that, we'll see you all tomorrow morning.
10 a.m. Eastern Standard Time for the episode of FOMO Hour on RUG Radio.
Let's go. Thank you.
