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FOMO HOUR: MARKETS + DAILY NEWS
Recorded: Aug. 28, 2025 Duration: 0:55:29Space Recording
Full Transcription
Thank you. Tyler did it on the road. Thank you. Okay
Should be good now
Check check
Check check
Yeah, it's perfect
It sounds very good as well
I'm gonna put my phone on the side
What's up?
What's up?
What's up?
What up Meg?
What up?
What up?
What up?
What up?
What up?
What up?
What up?
What up?
What up?
What up?
What up?
What up?
What up?
What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up? What up Meg? What up, Burn? What up, Having Fun? What up, Kano? What up, Iz? Brian? What up, Ari?
What up, Emmett, T-Pan, CJ, Tubbs?
What up, Bree?
What up, Izzy?
What up, what up, what up?
Charlie Kickin', baby! Thank you. yo yo yo what up what up good morning good morning gm gm Thursday. August 28th, 2035. Look at that. Another good day to have a good day.
I got my co-host in the house.
Fire, man, though.
Good morning.
Good morning.
Good morning.
How you guys doing today?
I can't hear you as well today.
Was that?
Maybe it was the music.
Can you hear me?
Music was louder.
Four, five.
You're definitely a bit quieter today.
Okay, because I'm not, like, I'm just on my computer.
What I'm going to do right now is
I'm going to put my
AirPods on
Let's give it a shot in the meantime
How you guys doing?
I am doing amazing
Link is basically being
Bought by the US government as we speak
Hearing link to
A thousand
Being said across TikTok
XRP rotation into Link
Is what I'm hearing from Uber drivers
Life is good
Are you hearing me better now?
Or is that better now that I have the AirPods on?
Oh yeah
You faded my Uber driver trade eh me better now? Or is that better now that I have the AirPods on? Oh, yeah.
You faded my Uber driver trade, eh?
I knew it was a
good trade. I was briefly in it. I just couldn't
figure out how to get
good size on it, enough size for me to care about it.
You couldn't believe in something. Was that it?
You just didn't have the cojones to
hold it? You didn't know
how to put on enough size.
Is that really,
is that really what it is?
It's a,
it's a $17 billion token.
But I do like the trade link to a hundred link Marines.
He said to a thousand,
dude,
thousand.
We're flipping,
we're flipping global GDP.
Yeah, dude.
Makes sense. Why not?
Come on, you got to believe in something.
You know?
You guys hear me better now?
I'd say it's worse now.
Tyler has another parent teacher conference today, I see.
Yeah, for sure.
They asked him back.
I actually do, which is crazy.
I'm seeing other comments.
Why does Tyler look like he's 12?
Do I look like I'm 12?
I haven't gotten that one
too much recently. I'll take it.
Yeah, maybe I'm aging down.
You look younger,
by the way.
It's the no hat, yeah.
I'm clean shaven.
I wouldn't say 12.
Yeah, it's the shave. You look like you smell good too hmm you
smell good I appreciate that I'm sure I do I hope my wife is gonna be fine today
I'm in like Germany right now in a little village oh fuck yeah yeah I'm in
little town in Germany for a wedding.
Big, big, big Persian wedding.
Well, it's like half Persian, half white.
So we're going to start a church, and then we're going to end like,
on Saturday.
It's going to be lit.
So I can't wait for that.
Is this right?
We have 52 followers to go to get to 1,000?
I believe that's right. What going on here guys let's get it done tell your friends get it done what is this
we got to get some guests on to to to farm their followers yeah yeah for sure 53 because right now
i feel like the people following us already follow us but if you don't
follow us already and you're listening right now you can't free right you gotta you gotta give us
some love we're live you know the vibes market's pumping right now you absolutely love to see that
but with that being said daily show uh I'm gonna try to speak as little possible because clearly
my connection is not great uh so we'll do Tyler's report, Mandel's report.
We'll talk about the horoscope.
We got your Chinese Zodiac for the day.
Come on, this has become a thing now.
You know, August 37th.
Gotta do the Zodiac.
And then last but not least,
we'll do a Yit giveaway,
connection permitting,
but I believe I'll be fine.
I should be fine for the Yit.
And then last but not least,
this show is powered by Wallet Connect.
Wallet Connect is a connectivity network shaping the future of all-chain UX.
If you're connected to Web3 app, you've seen Wallet Connect.
That's the logo.
It's everywhere.
And I'm going to trust in crypto as recognizable as Visa at checkout.
While to learn more, follow Wallet Connect on X and Telegram to stay ahead of what's
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Mando, I think I know how to get your little jingle here within the stream yard. I
Think I know where to go get it. Hold on media assets. Boom Mando intro. Bam. Who is the man, macro daddy of the man?
Can you dig it?
GM, everyone.
So it feels as though we're slightly better, kind of across the board again.
Bitcoin is kind of edged up to 113k.
Solana has been the outperformer for sure.
Back up to 214k.
This level has been like a pretty key level of resistance,
both on the sole chart and the sole Bitcoin chart.
So let's see what happens.
It's not like broken away just yet,
but definitely the strongest of the majors.
ETH is slightly underperforming, I would say, versus everything else.
And Bitcoin dominance is kind of hovering around 58.2.
The only main news yesterday was NVIDIA results, or NVIDIA, however you want to call it.
Stocks were at all-time highs.
NVIDIA is down 1.5%.
I don't think it was that big a deal.
They basically said we can't really forecast the future
because of what happened with China.
And yeah, it's not that crazy.
On what we've got coming up tomorrow,
like I said, tomorrow is the bigger day
because you get the PC inflation figure.
So expect some volatility tomorrow around that figure. I comes out at 1 30 uh my time so i think it's
8 30 eastern and so uh if you want to de-risk or you've lost too much money recently this is uh
and you're up right now then then that's going to be the point of volatility, I'm sure. In terms of single movers, as we were going live,
the US said that they were going to partner with Chainlink
to bring data on chain.
We would have seen it coming.
Me and the Uber drivers are cooking on the Chainlink trade.
So that's up to 25 and a half, trade. So that's up to 25.5, 26.
So that's doing okay.
The rest of the biggest move is all Solana related, if I'm honest.
Pump Fun had a decent bounce.
Solana DeFi had a decent bounce.
Fart Coins up a whopping, still up less than Sol, though.
4.5%.
JLP.
Guys, it's up another 2.5%.
You're 6X levered, you'd be up another
13%, guys.
What are you doing?
But generally, Solana-related
DeFi have probably been the best
outperformers
across the board.
It's prediction markets, which has become the thing in terms of the left curve stuff.
I'm sure Tyler will probably talk about it, but at least in terms of what people are talking
about, there's been one runner, it seems, which is GOAT, a new version of GOAT.
But other than that, it's been pretty dire in the trenches, if I'm honest.
Yeah, I think that kind of sums it up.
I did just go out for a lunch, so I don't know if I missed anything in the last hour.
But when I came back, it was the chain link used.
So I think that's everything.
Yeah, that's most of it.
I think the U.S. revised Q2 GDP up.
So it actually came in a little higher,
which is kind of interesting, right?
Because part of the push for the rate cut
is weak jobs, weak economy.
So there's signs that perhaps economy is stronger.
So perhaps a mixed result.
I don't think the rate cut odds have moved much on that.
Oh, yeah, there's still 87%.
Gold's pumping
a bit. Is the other thing
I noticed? Interesting, yeah.
Up half a percent. Not a crazy move
by any means.
I think some concerns of
will Bitcoin move with gold?
Or does gold need to pump first? A lot of people calling for gold
to break out.
It feels like it's sole season
right now. You have a chart up. It's like an ascending wedge looking ready to break out. But it feels like it's soul season right now. You had a chart up.
It looks like an ascending wedge looking ready to break
out.
It's a cup or it's a handle.
You have to decide which one.
Are we in the handle phase
at this stage? Let's find the time frame
where this is a cup and handle.
It's like a tilted cup and handle. I see it.
It's a double cup, one handle. It's a two cup. Two cup and handle. It's like a tilted cup and handle. I see it. Yeah, it's a double cup, one handle.
Yeah.
It's a two cups and handle.
Famously.
You want to see an even better cup and handle?
I've got one for you.
Arguably the most important cup and handle
in the Solana ecosystem.
I just sent it to you.
Oh, is it fart?
Oh, no, it's soul.
It's soul related.
It is. What's theart coin at this stage?
Broken cup, one handle?
Soul DeFi TVL on a five-year cup
and handle breakout.
Three and a half years. Huge.
This is such an interesting chart
because I saw you tweet about this earlier today, which is that
everyone was like, oh, Solano is dead
because the trenches are dead.
And I remember we said this exact thing.
And, you know, I've been saying Solana's not the trade for a few months.
And then maybe the last week I've said, look, I think GLP is an interesting trade here.
And it has started to look like Solana looked okay here.
But we said they needed a new
meta.
A new story. A new identity after Libra, right?
Yes, 100%.
And that you didn't necessarily
need this number of users on chain.
XRP smashed through its all-time high.
ETH just smashed through its all-time high.
Many of its metrics are not close
to all-time highs. And Sol just smashed it at its all-time high and many of its metrics are not close to all-time highs.
Solana's
shown the same thing too.
Sometimes if everyone's in the
trade, particularly
Jeets, we're going to sell
everything
for quick bags, then
sometimes maybe that wasn't the best thing for Solana during that
period.
You know,
like now you've got maybe more stable EVL capital coming on board and RWA
narrative,
which is,
which is like blossoming and other bits of the defy narrative,
like Jupiter's launched their lend platform.
Maybe that's a much stronger base than,
than the trenches.
And I think we've been kind of saying that all along, right?
Like Solana had run, not by choice,
but Solana had become the mean coin chain.
Yet at the same time,
they had a lot of the same building blocks and foundation as for like real
world assets, for tokenized stocks, for all these things that ETH had.
And it didn't really have the DeFi narrative, but now that's coming.
So you've got the big debts coming to pile into soul here.
They're likely going to try to get yield on that.
Jupiter is capitalizing and launching their Lend product,
which blew up yesterday.
They posted some of the stats in their first 24 hours.
So it's already half a billion already uh 4600 positions borrowing 200 million plus so they're catching some action and i think
people haven't historically thought about sol solana as a defi chain but if you've got capital
on salon like why would you not go into this this jupiterland product looks pretty good
like they they've updated their vaults they've updated their lending i saw someone talking about
how you could you could borrow soul for two percent and lend it out at eight percent like
i wouldn't imagine that arbitrage stays like that for too long but like there's going to be
opportunities like that and i think the sold that that narrative is becoming a strong one.
But maybe we're not early anymore.
I saw KBM tweet about it. KBM's even
entering the slot
trade here.
It seems.
So that gave me a surprise.
You know, KBM
does make some good calls
occasionally.
He does go long.
You need to pay attention to when he goes long
because he'll only go long like the slam dunks.
I think that's longer.
It's true.
Look, I'm still of the view, and I tweeted this out yesterday,
that you should be reducing your overall altcoin bag,
and that includes ETH, and putting it into Bitcoin right now.
I really, really think that.
But there are certain things that I like right now,
and one of them is Solana, Link, JLP.
Those are the alts that I like the most.
But Solana
I feel like it's
one of these ones
you know
they'll just be
it always lets me down
well it has been
like
it'll just rug you one day
it outperforms
on the way up
and on the way down
yeah I'm definitely
looking to take
profits on this. That's why I like JLP
a little bit more because it's a bit more stable.
I still feel like
I'd much rather have a 2X JLP
bag than I would spot
Solana, which is kind of what I've done. I've bought
JLP and Link.
Maybe I'm just shilling my own bags,
but I do prefer
that. That's okay. It's a part of what we do
on this show.
I like the JLP trade.
I like it a lot. You don't have to
stomach quite the volatility. I saw this.
This is kind of a funny tweet from Bob
and Amanda. You've been talking about
rotating to Bitcoin.
Bob with the deep insight
that we'd be there. If you go back to
it, we're either the cycle is either over or we're about to enter the blow off
phase and two X from here over the next three to six months,
with no in between.
so what that points to is actually,
and I see this on the timeline.
Do you know what I mean?
Well,
I feel like right now in the timeline is you know what i mean what i feel like
right now in the timeline is a lot of people have key risk a lot and that tells me that we're not
going to sell off and we but we also may not rally in the same sort of way that we thought we would
um i think it's a really balanced view and i think that we'll see some volatility in september
and i just want to take us back to where we were literally four days ago,
where everyone was like, the cycle is over, right?
Sell everything.
Bitcoin is never coming back.
This was the worst cycle ever.
And then now Bitcoin's back to like, I mean,
is he's Bitcoin up on the month?
Like what's the August monthly like looking for Bitcoin? I mean, is he's Bitcoin up on the month? Like, what's the August monthly
like looking for Bitcoin?
Let's pull it up.
Did you get to hear me better with my camera
off, by the way?
Yeah, you're fine.
It's weird. Oh, so we basically...
We were
118k on end of July,
but then on August 1st, we dipped
all the way to 13.
So we're flat.
We're flat in August, basically.
Right.
So Bitcoin's barely done anything.
Solana's rallying, EF's near all-time high again.
It's just embarrassing.
I think people have lost a lot of money.
That's all my take.
I continue to think you're going to get some really terrible takes from CT
if you are following the wrong people.
I don't know if you guys agree with that,
but I think if people have lost money this cycle,
they want to burn the place down.
I think there's the take that you can find the stat,
you can find the chart to tell whatever narrative you want.
And I'm a proponent of that myself as one who likes to paint narratives with stats.
But I think there's a lot of people out there doing the same, right?
They're finding the TA, they're finding whatever indicator that points to it being a top
to forecast the coins going down.
And I think because likely they're out of position or they de-risk,
you know,
whatever the reason is.
What I thought was interesting about Bob's tweet and some people mocked it,
but it kind of gives you like a decent risk reward setup,
right?
Like here's,
like if you believe these are the two options and you think your upside is a,
is a big blow off to a two X or we're going to start chopping and bleeding.
I think in that second scenario, you're going to find out pretty soon if that is it.
And then maybe you can take a haircut at 20% or 30%, right, with 100% upside.
So if you believe that, it's an interesting time to be in position,
is my view on it,
with some downside protection.
yeah,
I think what you'll see is a volatile September
here. And I think you can buy pretty,
even this
morning, right? And I'll
just give one example here because obviously I have
a bag in it. Link was down 4% this morning and it was trading at 23 and a half and then it's up
it's reversed that and then gone up another 10 on the day basically like
it's um i think the intraday volatility in some of these old coins is going to be pretty wild
as people come in and continue to think it's all over.
There's a lot of it's all
over when a coin
drops at the moment.
And I think that's an opportunity
even if you
even intraday or intraweek.
You could
have bought Bitcoin 108.5k
a few days
ago.
Where did that go?
2,300?
2,300, yeah, roughly.
Solana went down to 182.
Like, 185.
These are decent intra-week moves on
pretty big assets.
You can be patient
and pick your spots.
Just sit on your hands,
pick your spots.
There's good trades, I think.
I agree. I think near-term,
also to be fair, some of the bearish takes
I'm seeing are very near-term. They're like September, historically, rough month for Bitcoin, for crypto, which historically is true. So like, yeah, maybe we do go down in the next couple of weeks before a rebound like that. I don't think that would surprise many folks. I mean, for Oak himself, September 7th bottom, right? So for that,
for us to bottom means we probably have to go down a little bit.
I'm looking at this, this myriad link bet. We had it up yesterday.
Can we just talk about this for a minute? Link is currently trading at 25,
70. It's only 50% to be above 25 at the end of September 10th.
And we've got the United States.
It's still at 50?
You can get a double, 2X on your money to stay at this level for another two weeks.
It's wild, dude.
So, Savvy Betters, take a look at this market.
It's up 10%, so it was 40% this morning, now up to 50%.
So it's moved a little.
Brother, picking markets do not
move quick enough do they?
there's edges
that's what I was saying
you didn't have an edge on the prediction market
because perps moves fast
money's already on markets
prediction markets are slow
so if you're
you're not aware
you don't have size
if you're trading a little bag you have less than $10,000.
I would be doing production markets for sure.
So it's a pretty good argument with what you just showed, right?
That, if that was an auction, it would have repriced straight away.
Yeah.
You see, so it's like, like you get two to one odds on here.
Let's say you believe this and you're someone with like $500 in an abstract wallet.
I don't know, dude.
Like, I'm not saying full port your whole $500, but you can allocate a little bit of that and just try.
NFA, DYR, of course, this is multiple markets, but it's not a bad shout.
I like this one.
Let's take a look at the sole one.
I took it.
I took it with like $20.
Whale.
Whale's moving now.
Yeah, we're pumping markets up.
Let me try to find this one.
There you go.
While we're talking.
I like the sole.
Did you just search sole or something?
Sole all-time high 50%.
Now, that's a little bit more realistic.
Still have to move a solid 30%, 35 i like that one as well i think so
it's going all-time high quick alpha while we're talking prediction markets and then we'll get back
to our commentary um this is my favorite current bet across linear across um myriad markets. It's something big to happen for Linea by September 16th.
And if you look at the criteria, a specific TGE date,
the TGE actually occurs.
Linea announces details previously unknown to the public
about the tokenomics or the Linea airdrop.
So there's a lot of ways that you could hit this bet.
And why this is so interesting, let me try to find this, is there's a lot of chatter out there
about this linear TGE coming perhaps soonish. I guess this checker, folks are starting to think
that this linear checker is coming, that this linear allocation multiplier contract has been deployed on mainnet.
So folks are starting to speculate quite a bit.
I saw a lot of this on my timeline yesterday.
And again, the reason that matters
is any details about tokenomics or a TGE date
is enough to win this.
So it's not just,
like you don't need the token to actually drop.
And you've got till September 16th
and it's trading at 60%.
So you can get 60% on your money.
Disclosure, I'm long.
I'm long this market.
Yeah, on the yes side.
But that was-
Honestly, I'm going to keep pounding my face on the table.
If you're not using mere markets right now, I don't know what the fuck you're doing., I'm going to keep pounding my fist on the table. If you're not using mirrored markets right now,
I don't know what the fuck you're doing.
I'm just saying.
Go to all the other prediction markets if you want.
But like, you know, it's just like...
We keep giving alpha.
Mandel's calling Link.
He says, fucking do JLP.
Tyler's giving you large language Latinas.
I'm telling you mirrored markets.
It's just insane.
I tweet like
50 times a day about this now purposely so but but it's you know it's there's a lot of upside
so the people listen to us on kick for example who don't want to bet big on tokens already big
you know so no no what do we think about ETH ecosystem here in general?
I was looking at the ETH memes and stuff.
Like, obviously, REC saw a little pullback
to the Kraken listing, like 320s.
MOG also is like sub 400.
Pepe's barely moved.
SPX has not caught a bit in the longest time.
I feel like I haven't seen SPX in my timeline at all.
Yet we were talking about it like every day.
And by the way, I'm not funny. I'm just saying like what I'm seeing. ETH went to like 4,900. seen spx in my timeline at all uh yet we were talking about it like every day and by i don't
i'm not funny i'm just saying like what i'm seeing um eth went to like 4 900 we trade so
long as not stealing the show again solith is up major what do we think here about that
eth beta in general i i just said look i think i think and i was speaking about this with kook
yesterday i like brand coins.
And the reason is that I think that's where the capital right now is interested.
Pengu is going to get a lot of interest just because of the DAT money coming in and also the even ETF money coming in.
And I think that whole narrative drives a few of the different
coins in that space the others i just it's just not where the money's coming in
do you know what i mean like there was a time where like you just you you had to own pepe
but i just don't it's not that i don't i like I really like Pepe. I just don't know
if that's the trade right now.
It's not been a good period
here for memes.
This is a surprising board. If you told me that
ETH was going to run
2500 to 4500,
I wouldn't have expected
minus 20 to 40% on the big ETH memes.
That's what's happened.
And some of the biggest ones hit, like SPX is down 40%.
And that is a wild result with ETH running.
Again, like historically, this is the weakest period for memes as well at least for the last
couple years since i've been tracking it more closely last august last september is the period
where i just stopped looking at my meme wallet i don't even i don't even open it because i don't
want to see the number and then typically whenever i have that feeling is when the bottom is and then
we have the Q4 rally.
I think it's early to call memes totally dead.
But yeah, this is... It's not great.
And I'm not really seeing a whole lot of people
talking about ETH betas.
I think if there's...
I mean, NFTs are catching way more love
as ETH betas than memes this month.
I think that's a fair statement.
Not universally.
But there's some pockets
that have done pretty well
with Heath running.
Yeah, that Moonbird style wall
got obliterated yesterday.
Moonbirds had their infamous style wall.
Honestly, it wasn't even that big.
It was like 40 birds listed at 2.82.
And everyone was all up in arms about it.
They rammed through it yesterday and jumped 15% to 3.2 ETH.
So I wouldn't be surprised at all.
These hit 3.80 for last week.
I wouldn't be surprised at all to see them back there
or perhaps new all-time high this weekend.
They've been historically... They've been recently
running on weekends.
Now, perhaps some clear skies ahead. I don't know
if folks remember what the Bored Ape sell wall was
back in 2021.
Pranksy?
Did he put 1,000 up at
2 ETH? It was an insane amount yeah he was selling
them all the way up if i'm honest but all the way up i bought a lot of pranksies when i bought mine
it was he was selling them for a while around that sort of level that was a sell wall i don't
think 40 is much of a sell wall especially uh coming out of some of the farming days when we're seeing hundreds of NFTs change hands per day.
So, well, Farouk, you know, you tagged me with the Latina language model post.
So let's quickly talk.
There's one other feel good soul meme story playing out right now.
I'm not in this.
So no disclosure. i don't hold
this one this token this token cope bonded after 17 months so this was created 17 months ago i guess
the dev just kept at it kept posting it and then for some reason it bonded yesterday and people
caught wind of the story i saw this yeah and it's at five million so just
overnight anyone who's who's held that token pre-bond is up like a hundred thousand or more
um so i think that that's the near-term risk so you had folks who have been buying this sub
50k market cap who who are now up a hundred X seemingly overnight.
So expect some volatility on this one,
but kind of a good meme cope,
especially how,
how does it remain pre bonded for that long?
I thought a pump like just got rid of them if they hadn't bonded.
I don't think so.
I'm certain they do. I mean, I don't know't bonded. I don't think so. I'm certain they do.
I mean, I don't know.
I guess I don't know.
I don't think you can get rid of them, right?
You can, because they actually haven't actually bonded.
But what if I hold a percent of it?
Like, what do you do with my tokens?
tokens.
I'm trying to think.
I'm trying to think. I think they get
I think they get rid of the LP.
rid of the LP.
You can't search for certain
memes after a long time. I know that.
They just don't exist
if they haven't found it. I honestly
don't know.
Well,
this one made it out somehow.
And I wouldn't be surprised if it continues to do well
um which is interesting was that the other mover of this week was this microwave
which if you were on crypto twitter like basically everyone was talking about like
everyone was using the term they weren't talking about the meme. Even Kobe. What's that about? What does that mean? I saw it.
Bob Black's got microwaved.
They microwaved our boy.
You know the guy's in prison
for taking a homeless guy away?
They microwaved him, dude. That's why he's in prison.
Can't believe
they did it.
But you know what he did, right?
Who knows?
No, dead ass.
Like, out of all the things that he could have been charged for, they charged him because he took a homeless man back to his house, pulled a gun to his head, and beat the shit out of him.
And then called the cops on himself.
Maybe he was trying to microwave him. We need to know the full
story, I think.
Jesus Christ, man. We definitely
need to know the full story.
We need to get Bob Blacks on the
show. I took this as a bad sign for
the trenches that every single
CT account was talking about this word
and it only ran to three million.
But hey, maybe
COPE is showing us
there is still some hope out there.
But I think some people were like,
fuck this coin.
We didn't do this for the coin.
It can just be a CT joke without a coin.
You know what I mean?
Yeah.
I think I saw that take from some of the people
who were pushing it.
Yeah.
Always.
The other story kind of happening in the pump trenches.
So the pump token was up 10% today.
And their buybacks are big.
They published them.
I guess people just – it's kind of funny that the token pumped
after they published the stat.
But over the past week, they bought $10.6 million of their pump tokens
according to 99.3% of their revenue.
Maybe it's pumping because people just don't know or believe this because the
pump team hasn't come out and said they're actually going to do this in any
kind of a programmatic or ongoing fashion,
but they're doing it and they're publishing the results afterwards.
And wow,
they've now bought 58 million,
4.26% of the circulating supply and And market like that pumps up.
Let's see.
That's only 5% now.
But basically, it's not low-wise.
It's at 3.2 billion FDV.
And maybe it's making higher lows a bit off the bottom.
So we'll see.
Not expecting it to go crazy in the near term
with meme season kind of at a lull.
But those buybacks are going to be a strong narrative going forward.
It's going to come back.
We're going to get another meme season.
We're going to get a lot of Solana season.
Solana's going to go back to all-time high.
Blah, blah, blah, blah, blah, blah.
It's every time the same thing.
That's what I think.
I don't know what you guys think about this, but...
What is interesting, there's the narrative
that Pump is the Sol beta.
Or there's even folks who've said,
why even buy Sol if you could own Pump?
But if the Sol narrative changes
from the meme coin chain
to Solana DeFi
to RWAs,
that narrative kind of gets thrown out
a little bit. Doesn't mean
Pump's a bad trade, but
it's no longer
direct Sol beta.
I think these beta trades in general are really difficult.
Like, I think buy something in isolation more than being a beta to something else.
I really do.
I think those are the trades, honestly, that I see people lose the most money on.
yeah have your own conviction in the token yeah like i think pump looks cheap on a buyback metric
Yeah, have your own conviction in the token.
Yeah.
but i don't know if you should buy it for solana beta because i think you'll just get frustrated
and be like oh if solana's pumping i should be buying pump and i don't think that that's how
the market thinks about these things anymore. We've got we've got DX88
saying discuss WLFI
please.
And tokens launching on Monday.
I guess I
missed that it's coming out this Monday.
It's not the easiest
trade. I mean, Hype has got
it at 30 billion
FDV. So this is the bit, I mean, maybe I has got it at 30 billion FDV.
So this is the bit, I mean,
maybe I missed. It's FDV that
that is. So like, what's its current
market? How much are they giving out
at the start?
Oh, wow. It's coming back.
Yeah, only 20% of the sold
token would be unlocked.
So it's going to be a 6 billion
current market cap coin, basically.
I need to verify all this.
I'm not super versed on the tokenomics of this one.
6 billion market cap is interesting.
I was saying 3 billion.
So you just don't know with that.
Honestly, you just can't tell, in my opinion.
That would make it aligned with Polkadot, right?
The 25 range from a market cap perspective.
Yeah.
But FDV, it's SWE.
Yeah.
Kronos, Lars.
I mean, the narrative is, the bi-narrative is pretty easy, right?
Like this is
Trump crypto
yeah
I think I was maybe overly bearish
it does feel like this is going to come
well
I didn't
there's enough of a
we're going to pump this thing
narrative around it
particularly
if you just went with Kronos
where like
it's literally gone up 60%
because Trump media said they were going to do a partnership with this.
It's up 60% today.
Yeah.
It's up 160% on the news.
Holy shit.
That's crazy.
If you just bought it on the news,
you are up probably too.
I can't even find it.
There it is.
It's selling off a little bit here.
Up 120% on the week.
I think maybe that's so like
maybe the left curve play
just buy it
and don't
because it's just the simple setup.
The mid curve take
is there's
is the trade diluted, right?
So like the Trump media
is putting 6 billion into Kronos.
Now Kronos is up 100%.
And then we also got this headline out of the Trump sons.
I don't know if folks have seen this yet.
Breaking news this morning,
their mining company,
American Bitcoin,
they're looking to do a merger and go public in September.
So that's going to be another way to bet on the Trump family getting into crypto and Bitcoin.
I think this is going to be like a hybrid Bitcoin treasury plus mining company.
And it's got a hell of a name, American Bitcoin.
American Bitcoin, fuck yeah.
I think this one is going to do quite well
I tweeted this morning
is this a full shove
I think you have to look at
playing this one
depending where it comes out at
and the debt trade has been kind of a risky trade
lately
it's been a bad trade
unless you got in fairly early
I don't know if this is necessarily
an exact debt trade. There's a little
bit more to this, but I think this is going to be a big one. But going back to WLFI, now there's
going to be American Bitcoin you can buy as a Trump trade. There's Kronos. There's also WLFI.
So it muddies it a little bit, but I would not short WLFI.
I guess let me say that.
And then the $6 billion market cap,
I mean, hell, the Trump meme coin
got to $80 billion.
So could WLFI get there maybe?
Who knows?
I mean, I'm bullish man
People can see what they want
About you know what Trump
In the industry
It's all up
You know what I mean like yeah
Our bags are up baby
And it wouldn't be the case if it wasn't Trump
So send it
I hear that We need wlf5 predictions on this i agree i'm going to message
the team right now yeah okay uh we need wlf5 prediction markets up token launches except one 100%. All right. The request is sent.
So we've gone through the list.
Most of the stories,
I mean, we kind of danced around this GDP one,
but maybe I'll quickly pull this up.
So we got the headline announcement yesterday.
Howard,
people kind of poked fun,
but they're not messing around.
And in fact, they've already started. So the U.S.
This is published from Bloomberg. The U.S. is already putting GDP data on the
blockchain as part of the Trump crypto push. Nine blockchains
are going to be involved in this, and it looks like it's already being published to Bitcoin,
ETH, and Solana. And then there's the chain link time,
which I don't know if I've had a chance
to fully digest what the chain link tie-in is.
Is the chain link oracles somehow a part of this?
Or is it just...
Well, they're the oracle that puts off-chain data on chain.
So I reckon they'd be the number one.
But it's just something that I do think,
and with your business head on as
well i do think this is one that will be one of the biggest things for prediction markets in the
future which will be economic data predictions um each week so you'll get a prediction around
pce inflation cpi ppi gdp like each day you'll be able to predict the key economic curve
because people do this anyway.
They have their forecast, they have their prediction,
and I think there'll be quite a lot of money
on these sort of predictions.
That's really interesting.
And I agree.
And I think as you think about ways to bridge the gap
between crypto and more like investment,
like the investing world mainstream, who's been pretty anti-crypto.
But these guys, I think a lot of them will consider themselves experts
in trying to make predictions around this type of data, inflation data, interest rates, all this.
Now they're going to have a chance to do it in somewhat liquid markets.
It's very interesting.
And then there's also the hedge narrative as well.
So you're worried that if inflation is too hot,
it's going to wreck your Bitcoin position.
Well, bet the over.
And then, no, you can win either way
that's an interesting direction so hopefully we'll get some some pce markets on on myriad
here maybe as soon as this friday okay i will do that we're trying to like elevate our part our
markets sometimes to be more adult so so we'll do PCE.
It's just funny because volume doesn't follow that.
People still want, like, how much is pay
you going to be? But we'll do a PCE market
just for you, Mando.
Well, I think PCE is the most boring of all the inflation.
I know. Oh, PPI maybe.
But I do think in general, CPI,
NFPs, like
I was on trading floors where every single
trader would have a bet on where NFPs was going to be
that day on fund payrolls.
And they bet a lot.
How are they betting on it?
Normally in Bloomberg chats.
Just like direct bets with each other.
Yeah, it'd be a spread bet.
So it'd be like, let's say
the forecast is $150 and you'd be like,
I bet it's be a spread bet. So it'd be like, let's say the forecast is $150, and you'd be like, I bet it's going to be coming at $180.
I got the over or something like that.
And you'll be, whoever's the closest, it'll be, I don't know,
$100, $1,000.
People bet for a lot of this, right?
Like per $1,K sometimes, you know?
So if you're like 50K off, it could be decent.
Yes.
That is interesting.
We shall see.
I'm curious, Faroq, Miria.
I think Miria's kind of been leaning in a little bit more to some of the more crypto-native markets
as perhaps a differentiator.
Am I right on that?
On what?
On the style of markets that Miria's going to have.
Is it more thematically crypto native do you think it's going to still go kind of wide like i'm curious
well one thing is as much as fast first we don't really want to do it sports is dominating like we
we have no choice like all roads lead to sports markets um it's not even something we really were
fond of like oh there's already sports blogs and poly and cashier crushing sports like if you go
on cash in poly and put by volume sports is like the number one there's a reason why fan duel and
draft kings are like pivoting to production markets uh so we have no choice so we're gonna
like hammer sports like we just launched three f1 markets this morning NFL Football with your feet everything's coming
And then the other one is working really well for us. So this is crypto native markets man
Like crypto net people love it
Like I think this is where we win right like we're would differentiate yourself
Differentiate ourselves from Pauli and Kalshi as Mando said it pretty well the other days one
Are you up my new ex which I like to think is better?
if not on par and then and then it's gonna be my markets that are very crypto native like if you go
I think if you can even go by volume
You'll see which ones are booming the most but she like the penguin TF1 the crypto price like the link market stuff
I like people really like this stuff like this year
If you look at this this one like hype to this or Bitcoin that one is a great market
The second one is an incredible market. So look at this one, this or Bitcoin, that one is a great market. The second one is an incredible market
so look at how perfectly like
45 55 it is and the volume on is pretty high to like over 100k 163k
so people like these
um, the Bitcoin one like the big one
Like we like to do these markets because they get a lot of like social cloud the rect ones, etc
But they don't drive as much volume But it's always good for us to like capture a lot of users or like the moonbirds one
we did the other day because like the big players are not going to cater to like let's say like the
moonbirds community as fast as we will or like the one we have like easy is versus clemente like
they're not going to do that stuff um but i think this is where we win but like culture focused
markets but at the same time like we do need to have a bigger catalog like when last week I was having it with logs
Um with this person who takes these dads public, right?
Uh, he is the dad deals
We're trying to show him our catalog and like well
I'm not going to show this guy like will bitcoin be above or under 20 mil, right?
Like he doesn't he respectfully like he doesn't give a shit
Uh, I need stuff like pce data like metal saying, I need stuff like, you know,
a little more, I'd say adult, but sorry, adult, like we're all adults,
but like, you know, less DJ, any more general type of, uh, type of stuff.
So anyways, so that's the catalog that we're going to go for,
but it's going to be a little bit of everything. Um,
you need rolling events though, right? You need rolling short of events.
That's why sports works. That's why I think you can work because GDP comes out,
these things come out each week.
I agree.
If you go to economic calendar next week, for example,
let's have a look. What's on the economic calendar next week?
Oh God. let's have a look what's on the economic calendar next week oh god
there's going to be like four or five different things which are
going to be big enough
it feels like
what have we got next week
oh actually it's a US holiday next week isn't it
yeah thank you for understanding
thank you for understanding
thank you for understanding
you could have done like NVIDIA results for example like the EPS Thank you for understanding. Thank you for understanding.
You could have done like NVIDIA results,
for example,
like the EPS.
I agree.
Where it would have been versus consensus.
Like,
I think these things,
they're rolling and people actually have a lot of interest in them because you could win on,
I think.
And also,
I think some people will start a bet on it.
Like they can be like,
I think NVIDIA is going to be on earnings,
but I don't want to bet on the stock because the stock may fall because of
something else.
You know what I mean?
Yeah.
No, I see.
We're going to do more of these for sure.
All right. Well, good chat. We went around the table. Are are we gonna do yeet action today yeah let's do it
let's fucking do it it looks like my my my connection is better i close all the apps
you sound great i'm not on camera yeah we should be okay now i just won't be on camera tomorrow
either i'll let you take the lead as well it It's easier. Here we go. Just a reminder tomorrow We're picking a subscriber on top of a of a lucky winner
And and a reminder that both for big moments. We're giving the entire nineteen thousand dollars
To our volume traders that helped us make it there. So all right, let's spin that wheel. And a reminder that we kicked Wiz's ass.
Tetra.
Tetra.
Tetra.
Tetra.
Tetra.
What a handle.
Hydro.
What a handle.
OX Tetra Hydro.
OX Tetra Hydro.
What the?
That's a crazy.
I don't know. That's a crazy. Uh-oh. Myro. OX Tetra Hydro. What the? That's a crazy handle.
That's a crazy handle.
Uh-oh. My yeets. Okay, it's loading. Let's do Plinko today, boys, just to keep it easy
on my connection. Sure. Because tomorrow's
corn race.
It was good yesterday, Tyler. Actually,
Mando and I gave away $1,000.
Nice. Maybe I've been...
It's definitely better than the last few days.
Yeah. Maybe I've been unlucky.
We're due for Plinko. That's because the boss man was here. We We're due for Plinko.
That's because the boss man was here.
We were very due for Plinko.
The last few Plinko hits were so fucking bad.
So let's do it.
All right. Tetra Hydro, he's here.
He's here. Awesome. He's here.
Look at his PFP and his username.
I'm actually curious to know what went behind all of that.
I'm really curious about this thing.
Let's go for Plinko.
Sorry, I got to do Plinko because of the connections.
But don't worry.
Should we do 10 balls or 50 this time?
Should we switch our methods?
Sure.
We've been doing five balls, right?
Let's do 50, 10 times, drop speed.
Let's do fast.
I, 16 rows, auto bet.
All right.
And that's it, right?
No turbo mode.
All right.
Should I go?
So let me take a screenshot of this.
We probably do want turbo mode, right?
50 is kind of a lot.
Yeah, you're right.
No, 10 balls.
It's just 10 balls.
Oh, okay.
Yeah, you're right. All right. That. It's just 10 balls. Oh, okay. Yeah, you're right.
All right.
That's fine.
10 balls of 50.
All right.
First of all, congratulations, Central Hydro.
You won $500 already.
And now let's give me, give you some.
He wants to go to Hawaii.
All right.
Let's send him to Hawaii.
Let's send him to Hawaii.
Hit the thousand X.
Send him to Hawaii.
Let's go.
Come on now.
Thousand X.
Come on now. Dude. Come on now. Come on now.
Come on, go left.
Go left.
A couple fours, a couple twos.
One four, one two.
I think he made our money back, right?
200, 250.
He probably broke even, roughly.
Probably broke even. So he still made some money. Well, you're not going to broke even, roughly. Probably broke even.
So, he still made some money.
Well, you're not going to Hawaii today, unless you live in Hawaii.
But you could probably get a plane ticket.
Maybe not a hotel.
Unless you live in Hawaii.
Okay, he made about $400 plus the $500.
You could definitely get a flight.
Get a Hawaii way?
We could put you up at a lovely
one-star hotel in central
Waikiki.
We can get him a Jet 2 holiday
in Hawaii.
Plus a rental car.
Congratulations.
$900. Tomorrow, reminders, Farquhar
Friday, two winners. So make sure that you
subscribe to us on KIG.
DJ is live.
Make sure you use our code on yeet.com.
FOMO Hour with that.
With that, with that, we'll see you tomorrow morning.
10 a.m. Eastern Standard Time for another episode of FOMO Hour on Rock Radio.
Let's go. Thank you.
