FOMO HOUR: Markets, GORK, Memes, Weekend Recap and News.

Recorded: May 5, 2025 Duration: 1:01:58
Space Recording

Short Summary

In a lively discussion, crypto enthusiasts explored the latest trends in token launches, partnerships, and market growth, emphasizing the vibrant landscape of meme coins and the significant investments fueling the industry's evolution.

Full Transcription

Thank you. check check check check
I'm so back look at that
look at that
look at that
I'm so back what up y'all
what up Jen what up sir
what up Dobbins what up Equinus what up Cookie
what up Gabagool what up
Kazee what up
Harry Krishna what up Brian what up, Cookie? What up, Gabagool? What up, Kazee? What up, Fagree?
What up, Harry Krishna?
What up, Brian?
What up, MP Boogie?
What up, Finesse?
What up, Madboy?
REC, Foss, Crypto Hippie?
What up, Marina?
What up, who else?
What up, Vanessa?
What up, Brian Gray?
What up, Evie?
D-Gentai, Rad, Turiman?
What up, Gary?
What up, Acid?
What up, y'all?
I'm so back.
Look at that.
What up, John Gauthier? I want to see some retweets. I want to see some love? What up, Acid? What up, y'all? I'm so back. Look at that. What up, John Gauthier?
I want to see some retweets. I want to see some love.
What up, Colac? What up?
FOMO hour. Let me get FOMO hour. I'm going to go to the station.
It's so good to sit in my fucking desk.
Oh, my God.
I feel so nice.
I'm coming, man, nice. I'm coming, man, though.
I'm coming.
What's the weather like in Canada?
It's great.
I missed the whole end of winter, so it's nice now.
I got a little tanner.
Look at this.
I almost look like I'm from Lisbon.
I like that.
You know, I got a little color.
I don't look anymore like I'm fucking translucent. Look at that. All right, Sims. Kick it, baby. Thank you. Yo, yo, yo, yo, yo, what up what up good morning good morning gmg
may 5th 5 de mayo Cinco de Mayo. Hey, hey, hey. Cinco de Mayo, coño.
All right.
Ooh, wait, it's 5-5-25.
I like that.
That's 5-5-5.
Dude, that's a good day.
That's a good day.
Look at that.
Another beautiful day to have a beautiful day.
I got my coast in the house.
Good morning, boys.
I miss you guys.
Good morning. How are you guys. Good morning.
How are you guys doing today?
I miss you too.
It's been...
How long have you been off?
Like two weeks?
I've been on and off for too long.
That was one week,
but that was on when I was in Lisbon,
but that was off the week before.
It was like I was on and off,
one week off,
and one week off,
and one week off.
So, yes, two weeks technically.
It's too much. It's too and off, one week off, one week off, one week off, one week off. So, yeah, it's two weeks technically. It's too much.
It's too much.
I couldn't get on a token 2049.
We had a different thing every day.
So it was a tiring token, guys, this one.
I'm cooked.
I'm cooked.
But thankfully-
There's a lot going on.
Yeah, man.
Yeah, yeah.
How are you doing, tyler i'm good glad
to have you back we missed you and uh i'm just for this weekend this was a good weekend to be
traveling and catching up on rest because it's about the most quiet weekend i can remember i
guess was really this was a one i think the other way around i've seen so many runners that obviously
i did not partake in um but they were next week. Last week.
Last week was good. Last week was kind of
hot. It fizzled
out a little bit over the weekend. I missed everything.
I missed absolutely
everything. For the better or for the worse, right?
Because I would have probably missed out on selling.
Just I would have missed out on buying.
For the better or for worse, man.
But yeah, Token was fucking crazy.
That was a lot of fun.
Shout out to Token2049 having us.
Man, there was one of the days where we partnered with three events.
And all three events were the same day.
Like same night.
So we had to go to all three.
That's a lot.
I was so dead.
It was a lot. It was on there too, right?
Well over 100 degrees Fahrenheit.
They skipped the cloud seating this year. Because they remember last year the cloud seating and all this shit happened.
So I think they skipped out on that.
So it was like in the summer came in earlier, like their summer.
So it was like 40 plus Celsius every day, which is over 100 degrees.
And it's humid.
Yeah, man, you didn't miss out on anything.
I know you almost came, but that shit was way too warm.
You're out there.
It's like 11 p.m.
It's fully dark out.
You start an event, and you're sweating your balls off.
It's just way too hot for me, guys.
It's just way too hot.
But as usual, token2049, not disappointing.
Every major founder in crypto was there.
So that was really cool.
Got to go to this private meet and greet with Arthur Hayes and his. So that was really cool. Got to go to this like private like meet and greet
with like Arthur Hayes and his team,
which was super cool.
Got to chat with him a little bit.
Well, prediction market and all that good stuff.
And then, you know, got to meet the man himself,
CZ Champagne, baby.
So that podcast is coming out after the show.
I waited, you know,
and all of my fan tardios were like,
yeah, wait for this thing.
And anyways, we weren't ready to post.
So I'm going to post in like an hour, like 11, 15, 11, 30 a.m. Eastern,
something like that.
We're going to post that.
You guys are going to like it.
You guys are going to love that one.
That's a big one.
What was the big stuff he said?
Well, first and foremost,
I think that he never really went that deep into his prison time
and he got kind of emotional in a way which is kind of rare to see in cz right like dudu was
like wow he got emotional and dudu's you know you know the do man though but he was like kind of
shocked uh because he went deep into the story of how he was like in a low um low security prison
like he wasn't just put in some white collar prison with a bunch of other rich dudes because
i asked him like what was your treatment like like you're rich, you know, and he was he and he told me how his Sally
Had a you know double homicide. So he was sharing a cell with someone who was in there for double homicide
Yeah, it was crazy. So he shared that stuff and then he shared his views on on on being a meme coin dev
We talked about me coins and everything I took a broccoli a little bit
Which is funny and then what he'd like to see more in crypto
It was just a good combo guys, you know, I didn't know he lived in Montreal for four years
I forgot we went to McGill. Yeah, so we've kind of talked about this stuff
He doesn't listen to music or anything or watch sports. He's just full on like hustler, man.
So that was a good conversation.
I really, really liked it.
I think you guys will appreciate it a lot.
It was probably the best podcast I've done.
So it was good because he was chill.
Like guys, he walked in, like he was like what, 10, 15 late?
Because you know, busy man.
He was Abu Dhabi.
And he just walked in just like super cool, chatted.
I sent him my questions ahead of time.
He didn't give a fuck about like reviewing questions.
He didn't bar anything.
I asked him permission to ask him about something specifically towards SBF because that was more sensitive.
He didn't even care.
He's like, yeah, ask me whatever you want.
Let's talk about anything.
So like that's what I liked about him is like nothing was barred.
Like at that level, usually they ask for my questions.
They bust my balls.
Like they do this and that.
He didn't care at
all. It was just like, yo, we can talk
about anything you want.
I thought that was really cool. Then he stayed on
even after the fact because it was late. So my
whole pod was late. He stayed
to hang out with me another 10-15
minutes. We just chit-chatted.
Of course, I shelled Marriott.
I asked for a follow and I shelled Marriott. those are two things i did uh so i got the follow now
we'll sell the myriad side but i thought that was the coolest part but yeah you guys gonna like him
i you know the whole thing like sometimes you meet your heroes you're like yeah fuck that like
he was fucking cool like that was like the, like, the opposite way. So, yeah. You guys are going to like it.
I went to prison, I think.
Probably makes you just, like, fuck it.
Once he's gone to prison, like, I guess you just think, like, you know, I've already done it.
How are you going to do to me now?
But it was crazy because, you know, like, a lot of the space glorifies prison time.
Mando, like, Suzu, was it on your podcast?
And Rekt was like, yeah, everyone should go to prison.
Well, whatever.
I don't know if it was on your pod, like, with, everyone should go to prison. Well, I don't know if it was on your pod with Rekt Radio or another
one, but he actually
talked about the other side of it and how tough
it was mentally and how
when he was there, he didn't know when he would get out.
Even though it was promised four months,
he wasn't sure he was going to get out. And while he was in prison,
it's like, you weren't sure if Donald Trump
was going to win, et cetera, et cetera, and crypto was still
really bad.
And so he went pretty deep into that.
There was a story even when he first got into prison, he went to a cell and he tried to
open the door.
But that's a rookie mistake because the doors open on their own.
You got to wait, press, and everybody started making fun of it.
And he was super scared because he was kind of like that rookie in there with a bunch
of guys with killed motherfuckers.
And he was literally sharing that with them.
But anyways, it was good to chat about that.
We went into the whole centralized exchange, the centralization conversation,
talked a little bit about Binance, talked a little bit about memes,
talked a little bit about everything.
So if you guys want to like it, some really good stories about that famous group chat with SBF
where he beefed with SBF and it was like all the founders of major centralized exchanges in that group chat.
The New York Times had debunked that and it was real.
So I asked him straight up like, whoa, what's up with that group chat and what exactly happened days before SBF takedown?
SBF takedown. Because he was
Because he was pretty much one of the people responsible for that.
pretty much one of the people responsible for that.
It's kind of funny
that all the most powerful men in the world
are clearly in these group chats.
It's coming out with US politics.
It's coming out with Zuckerberg
and Peter Thiel
and all the sex founders.
So they don't talk anymore, but it was
a group chat which was founder of SBF,
SBF, him, probably Brian,
Paolo from USDT.
It's like a top 10 founders.
And I was like, holy shit.
Like this is the type of group chat.
That's like powerful AF.
But he told me that it got him into more trouble than anything else because then the SEC accused him of like, you know,
accused them of like colluding and then things and stuff together.
And all they did was to chat about fixing Luna problem.
But anyways, I won't, I won't, I won't spoil it. You guys will listen
to it. It's a 57-minute
interview. It was honestly
I don't even know who I can do next after that.
I'm going to have to follow up with Elon or something.
So if somebody knows Elon, hit
my line because I don't know.
It's going to have to be one of those. Anyways, today's code
is CZ. That'll be today's code.
Today on the show, we'll talk market. We'll get into that because I know Mando, it's Monday. He's going to have to be one of those. Anyways, today's code is CZ. That'll be today's code. And today on the show, we'll talk market.
We'll get into that because I know Mando.
It's Monday.
He's got to go to the show.
We'll talk Tyler's top 100.
You need to give me a tell there what's happened to trenches.
I saw Elon change his meme.
His PFPs are the muggles on.
This is wild to me.
And this is a coin.
Anyways, there's a bunch of stuff.
I'm sure Tyler's been trading meme coins like a madman these days.
And then we have the Yeet that's still going strong i saw some like gritty's got on like yeah yeah i've got thousands of bags in zoomer memes right yeah yeah for sure i actually did a
podcast interview with atare and uh and i actually was talking about how tyler is like
the most degenerate creator like he's in like 20 coins per day.
It was hilarious.
but there we have,
so we're still,
we're still partnered with Qualic Connect.
So, and with Yeet.
So we'll do the Yeet giveaway at the end of the day.
I saw someone won $4,000 last week.
So congrats to that.
And then Wallet Connect.
How did I pay it out?
Something like that,
and Wallet Connect. Wallet Connect is a connectivity network
shaping the future of on-chain UX.
If you've connected to Web3 app,
you've seen Wallet Connect.
That blue logo, it's everywhere.
An icon of trust in crypto is recognizable as Visa.
Check out.
Once a little more, follow Wallet Connect on X
on Telegram to stay ahead of what's next.
Anyways, Mando here.
I can do it myself now.
I have my little buttons back gm everyone yeah uh good to be back so it feels like market is doing not that well,
at least today,
or at least Bitcoin's down.
It's one of the first days I've seen a long time where Bitcoin dominance has
gone down.
Bitcoin is lower and a lot of other coins are higher.
Maybe it points to the fact that we're going to stay in this range for a
little bit longer now.
It would be nice just to range here,
I think for a little bit range in like the like, the 90s rather than the 80s.
And then hopefully break out.
I feel as though if we were to break out above 100K,
I think it's a very, very high chance you hit an all-time high close after that.
So my guess is that we probably need a little bit more of a range to break 100,
and then it can get quite it could get quite quick so
um decent bounce obviously the condominium is is falling slightly here uh in terms of stuff this
week so um it is a like a more active week i would say for for um for macro this week. You've got the Fed and a range of economic data,
really, specifically PMI.
Stocks have been on a very long winning run,
which looks like it's going to end today.
The S&P is actually on its longest winning run
in 20 years.
Things like UK stocks are on their longest winning run ever,
which is kind of wild.
And the FTSE has been around for like 100 years.
So kind of crazy moves, kind of a crazy bounce there in stocks.
NASDAQ's down a little bit today as our tech stocks, as is the S&P.
But Bitcoin's down, but it's not doing terribly.
NASDAQ's only down about half a percent to a percent today.
So I feel pretty good about stuff, if I'm honest.
In terms of the major winners over the weekend,
interesting that AI has kept the majority of its gains.
So AI market cap is still at $9 billion,
at least in the agent stuff outside of Tau, let's say.
And then we have memes. Memes have been a bit more mixed i would say so
of which they have been for a while here fart coin um kind of just hanging out at this 1.1
uh okay 1.1 uh billion area um trump was a little bit lower in terms of the major ones let's say and then
a few of the medium medium ones like house and um gawk had a bounce and then kind of retrenched like
it feels like we're kind of back but not not not like really back so um yeah that's that's kind of
where we're at feels as though i though, I said this last week,
but I don't think a single new participant has bought House or Gork.
I think we're really just, it's still money where we're playing with each other
rather than new entrants coming in to buy this.
It's really like, what's the strongest meme when no memes are strong?
I think that's kind of the case of Fartcoin too.
Like it's been winning,
even though other memes
haven't necessarily been like super strong.
Pepe, for example,
it's kind of done okay,
but it hasn't,
hasn't really broken out.
Pepe's weak today.
What's Pepe?
And there's a couple.
I haven't fallen in a while.
someone came up to me and said,
I'm launching the next Pepe.
And I was like, okay.
Sounds like a common conversation in Dubai.
Oh, dude, we met all sorts of people, man.
I got stories for y'all.
We're doing RWAs?
The next Pepe.
Social Fi.
Social Fi.
You know, know man all that
it was like
navigating like
it was like
someone coming up to me
showing me pictures of you
at Oxford or some shit
saying they were your best friend
I don't know man
it's tough navigating
it's a tough place to navigate
everybody comes up to me
and I'm like fuck
is that person legit or not
so I'm like oh shit I'm like, fuck, is that person legit or not?
So I'm like, oh, shit.
I'm dodging bullets out there.
Like 80% plus are not legit out there.
Even the guy who came up to you.
Dude, I can't because I don't want the wrong fucking selfie posted on the timeline and people think I'm doing crazy shit.
You know what I mean?
It's a tough one.
Hey, 3.3 billion
still though not bad it will take yeah what i mean is it still feels like yeah it's the odd runner
rather than everything running yeah um which i think is important to note and i feel like even
that with layer ones as well like sui bounced a little bit today but then other ones have been
weak and it's kind of a mix in
terms of the interesting stories that i saw today nvidia considering a bitcoin treasury
well how much of that is just speculation but there was um a lot of talk about that uh obviously
microsoft it proposed that their meeting of which it sort of shot down. I don't know if NVIDIA would be different. We saw Seda obviously buying more. We saw Solana fix a zero-day exploit. Did you see this?
Solana had a zero-day, which is patched by its validators, where unlimited tokens could have been launched on Solana, which is a pretty big deal, let's say.
But that was seemingly fixed.
I didn't really see much reaction to Solana, guys,
but if that happened to ETH,
there would be unbelievable amounts of FUD on ETH.
But yeah, Solana just like swept a zero day exploit
under the rug there.
And Goldman Sachs, they're going to get into tokenization.
I thought that was a big deal.
It'd be interesting to see if they team up with a blockchain,
one of these RWA firms, or just do it themselves.
What else did I see?
Yeah, that was kind of it
that was kind of it in terms of the big big headlines
oh and Tether's getting into AI
I mean Tether just has so much money
they're just like
yeah I'm going to buy some of Juventus today
oh yeah I'm going to get into AI
I'm going to get into farms in South America
like Tether has too much money
and whatever like
it would be great to be the ideas
guy at tether like the ideas guy at tether no one ever says no no it's like hey guys i got this new
thing we're gonna get into yes we've got enough money for that yes we're gonna do that uh they
make five billion dollars uh a year at the moment and they can literally just get into whatever the
hell they like to so that's amazing though right, right? Like what, what a company.
Like I, I would love to get Paolo on.
We met someone from Tether out there in Dubai.
That was fun.
But they are like into everything, invested in Rumble.
So we're talking to them about this quickly, Tyler.
We're like, oh, you guys are into media.
I was like, yeah, well, we know we took a part in Rumble.
Like that's what Mando was saying.
Like they're into everything now.
Like they can become their own like little BlackRock almost.
It's pretty impressive.
I've been following it all, yeah.
This one actually feels a little more intensive.
Are they going to build this all themselves?
Other things like acquisitions,
like buying a stake in Juventus,
that's just a passive investment.
A part of the hallmark of Tether
is the money they make per employee.
They've only got like 50 employees, right?
If they're going to build out
this Tether AI peer-to-peer network
empowering billions of AI agents,
that feels like it's going to take some resources.
So I'm curious how they're going to operationalize that.
Does it matter when you make $5 billion a year risk-free
and you've basically got a monopoly on that for the rest of time?
It's a pretty good situation for them.
I'm not fighting it.
This is a great direction to go.
They're well-positioned.
We should see.
Let me ask
ChatGPT. What are all the recent investments?
They did the thing
with the Bitcoin treasury alongside
Cantor, right?
They've got involved in Bitcoin mining.
They've got involved in gold mining, I believe.
I believe they bought a big agricultural
trader farming company
in South America.
They now own quite a lot of Juventus.
This is the Latin American.
Bitcoin mining.
Northern data,
which is AI and cloud computing.
And now the artificial intelligence initiatives that they're talking about.
It's amazing.
It's good business. What a business. What a great company
Paolo's a genius dude
Honestly, yeah
Fucking Chad good life
UST to five yes, you did a five dollars
Man, that would be crazy. I would look looks like um it looks like that's that on the
on the market side how you um man i started a tweet yesterday say you will have to be a little
bit more to 100k and you were talking about consensus trades back and forth with wizard
of soho on the timeline what do you what do you what do you think he came on um
he just came on uh you know wizard of Yeah, of course. He was beefing with Kobo.
He's like whatever happens.
He came on.
We spoke about what our predictions were.
There's something that tells me that,
and I've been thinking more about this as an investing style.
I have my investing style where I like to put on risk and when I don't.
But I think it's also important what you put risk on.
And I think I've become a big believer in like not consensus trading.
Ovi is a prime example of that even just recently, right?
Like why would you ever invest in that stuff?
And then it rallied the most, right?
Consensus trading often, particularly after an initial move,
can be really dangerous.
So like after something's gone up 200%, it can be really dangerous.
So like I have a fairly decent position in Farcoin,
which I did pick up around 400, 450, thanks to OB really.
And even though he didn't buy it at that time, he told me he's buying it.
No, he bought it a little after.
He bought it way later, yeah.
But I do think it's probably the most consensus trade in crypto
other than Bitcoin.
I thought about that because I saw your tweets yesterday.
I think it's more consensus than even L1s.
I think people are far point to the moon.
And although I do think it's going to go higher,
I think you have to appreciate that about
certain certain traits that when they become more consensus all of last year right yeah
it just went sideways it was such a frustrating long for so much of last year
um yeah it requires bitcoin to hit an all-time high to actually start performing uh so i'm very
wary of like really consensus trades uh this is why also like we spoke about
Virtuos went on some like gargantuan run right because no everyone thought it was dead you know
and then it literally has it's basically flipped Farquhar or come close to flipping it in current
market cap yeah and I don't think that many people own it and i think that's probably
what is the case with tau too and i think it's the case with some of these other like
you kind of want the fud a bit more tyler said that even about house coin a little bit like
i'm not saying we'll go all in house coin but like sometimes it's good to have a little bit of
thought that's when you should be like all in on something rather than when everyone's like, this is the coin to earn.
Because I think that's kind of a bit dangerous sometimes.
So I think a consensus trade is far going even though I own it.
And I'm like, oh, this is going to be one of these days where it's down 20%.
Or is it just going to be the coin to own your subject?
I just think it makes it more volatile, basically.
Well, I agree with you on the consensus trade point you made about Farcoin.
The reason why I'm keeping my size on right now is because while it's consensus,
first of all, that it's still staying strong above 110,
even when the market's like up and down.
Like Bitcoin from 97 to 93 and Farcoin didn't budge.
It's like 110.
And I think that while it's still consensus trade,
a lot of the consensus
doesn't have the trade on.
It's like even the people are like, oh yeah,
it's going to go higher, aren't taking
the trade, I feel.
So I think
that's a good
What you really want
is coins that everyone hates but if
they were to rally everyone wants to own it um i think if you start if you start saying oh i want
to be in non-consensus trades often you can get into trades which like no one actually cares about
what you kind of want to be in is coins where like if it were to start if it were to go up 100
everyone was to be like oh god i
should have just bought it you know what i mean i feel like fart coin was that at 300 at 400 it was
like if this bounce is 50 everyone's gonna dive in i do think a lot of people have now gone in
that's that's just what i feel about and i don't I mean is, I don't think it's a bad trade for the next,
for this year, but,
but that's often not the time to be your biggest.
Yeah, I feel that.
And I think, I feel like that,
right now you've just seen that move in virtuals
and I think people have probably now
just bought the top on those,
potentially, particularly some of the virtuals, right?
Because it just felt like,
oh, I missed it.
And I missed this whole move
and i think i would say pepe would be another one which is like where it's like you know that if
pepe goes up 20 everyone would be like fuck of course of course of course you know yeah it's
like it's one of those ones everyone everyone likes, but it hasn't moved.
But when it moves, everyone goes like, reaches for it straight away.
So I kind of like those trades a little bit more.
That's all I'm saying at this point in the cycle.
At this point.
I don't disagree with you.
I think it's a good point.
Even as someone, I took a big position in Farcoin a few weeks ago and I kept it and I still have it. And I'm probably not going to touch it because I don't disagree with you. I think it's a good point. Even as someone I took a big position in Farcoin a few weeks ago
and I kept it and I still have it and I'm probably not going to touch it
because I don't want to trade
for the rest of the summer
probably. But we'll see.
I just think that
it's still one of those that's like, it's going to do well,
continue to do well, it's doing volume, etc.
But you're right. And I think Tyler's point is the best about the
housecoin stuff. I missed it. But anyways,
we're going to talk about it now,
I want to hear what we do.
Just to briefly say that though,
the big change would be if an L1 exchange lists
then you suddenly do have a ton of people that need to
buy Bitcoin.
That's the big,
that's the big difference here.
Like if somebody was to list.
I tried to mention it to CZ on the,
you guys will see.
I talk about Bitcoin to CZ. Thank guys will see I talk about Farcoin to CZ.
Thank you for that.
You're very welcome.
I tried. Working for my bags.
I got one of the most powerful men in crypto in front of me,
so I got to do something.
It's said another way.
It's like, what is the catalyst?
Farcoin has 150,000 holders.
No one new is coming to the trenches right now.
It feels like no one new is really coming into crypto right now.
In fact, you could maybe argue the opposite, that people are leaving.
So, where are the next round of marginal buyers going to come from?
It's kind of hard to answer that without sex listing.
Sex listing is a big catalyst, I think.
It's the biggest, right?
Because even the players that came last cycle,
not even the last cycle,
this cycle,
the big wave on people that were onboarded
were onboarded to the slaughterhouse.
Like everyone,
we made money because we were in the trenches already.
You made money because you got,
we're early to memes, et cetera,
for Solana meme cycle. But everybody who came in through all the celebrity stuff etc etc got just
slaughtered right even solana like think about post trump token which by the way he just posted
about just now uh but think about that like the people that were on board via the Trump coin, they all bought Solana at like $250 plus to $300.
And then they bought Trump at like $60 billion.
And then they bought even Farcoin.
Good example.
That was like $2 billion or $1.5 plus,
which they're not down too much on.
But anything Farcoin adjacent,
whether it's like not just WIFT,
but I'm seeing WIFT and all the other like Solana memes, like PopCats and everything, even though they're back now. Like's like, not just WIFT, but I'm saying WIFT and all the other,
like, salon memes, like PopCats and everything,
even though they're back now.
Like, I've seen, like, even WIFT, PopCats,
got some good green candles.
They're all, like, massively down over since last year, right?
So, we'll see.
We'll see. That's a good question, actually.
What do you think the next catalyst will be
for adoption into crypto?
It was NFTs, and it was memes. Is it going to be memes again? Or Bitcoin dominance keeps on going higher and stables
keep going higher and we just trade amongst ourselves on memes forever what's left seven figure hell for life
there's some kind of ai adjacent onboarding way that's possible yeah my tools come in um larger
integration between ai tech players and crypto perhaps um but i mean this is the billion dollar
question right it's a hard one to answer right now yeah because i question for you guys like players and crypto perhaps. But I mean, this is the billion dollar question, right?
It's a hard one to answer right now.
Cause I question for you guys,
like even the icons that were up a lot before I left,
I remember we're talking about it all like,
we went on there and then we looked at,
ASX and Z,
et cetera.
We remember it was like zero bro,
even had big days.
the other,
other terminals.
did that sustain at all?
I didn't look.
I was just looking at 8.8 billion, still high,
but were any of those pumps sustained?
Well, virtuals is the big one.
Virtuals just kept going.
And actually a lot of the other ones didn't.
So ARK is back down to like,
I don't know, market cap of ARK now,
but it's definitely gone back down.
Virtuals at 1.10 billion?
It's up there.
AIXBT is at $150 million,
so that one has outperformed.
I mean, it's still down 70% from high.
You still have so much mind share,
this AIXBT, though.
Honestly, it kind of fits into Mando's category,
and I don't own any,
and I kind of hate AIXBT, but maybe that's part of the bull case.
It's like, if it
pumps to 200,
and there's more momentum
behind AI,
are people going to buy AXBT again?
You're not wrong.
It's not a bad shout. It does
feel like one of those ones where
if it was to go higher, but I think
it would have to go hand in hand with some
sort of new feature. I don't think it
could be...
If it pumps, I don't know
if that necessarily causes it to
people to buy it. I think it would have to be like,
why are we going to launch it? Did they launch the terminal?
I mean, the terminal was always...
It always existed.
It got crazy expensive. It got to like
half a million dollars
to use their terminal.
Do you know what's crazy though?
I think you're right.
And also like this XBT,
I don't have any,
but it's still like,
it's all over my feed still.
It's the only slop that's like everywhere in my feed.
Or that I read.
like I find myself stopping.
Like if the XBT tweets,
I find myself stopping reading it. Or let'sXBT tweets, I find myself stopping reading it.
Or let's say it tweets about Myriad, because it does that often.
It likes us.
I'll, like, share it.
Like, I still, like, interact with it in some way or another.
People keep tagging my Mando minutes in this mirror terminal.
Have you get tagged in this, Tyler?
Yes, I do.
What is that?
I think someone's creating
a double R.
They basically
take all my posts.
They're trying to make an AIXBT
like product that users
help curate information flow.
So it's not just taking anyone
across Twitter or crypto Twitter.
It's basing it on
which creators users are tagging
as like, this is a good source
of information, Mira.
You should ingest this today.
Which one is it?
I don't think it's got a token yet.
Ah, okay, okay.
So I think users are incentivized.
They assume there will be a Mira token at some point so they are incentivized to do this
Interesting. All right. Well, look well, uh, it looks like there's a Wale is contributing to it
Beast a XBT
Interesting. Yeah, thoseXBT. Interesting.
Yeah, those are the guys who are always
kind of top of the
blind share boards right now.
Some good folks, though.
Interesting.
So there's a leaderboard.
Where are you?
Let's see where Tyler's at.
Let's find out.
Oh, fuck, you're not even on here.
Oh, man, it must be a bad here. That must be a bad leaderboard.
Yeah, terrible leaderboard.
Let's see Mando.
I guess I need to sign up.
Mando 897.
That feels a lot.
Maybe we have to sign up.
Oh, wow, 2,500.
I got zero points.
I don't know.
That is interesting, though. I don't know. That is interesting though.
I don't know what it is.
Well, I've got a bone to pick with the Mira team now.
So I'm going to go look into this.
But you got to connect your Twitter.
That's how they all work.
Who has a ref code?
Who wants me to use their ref codes?
I'll sign up.
Who wants to be the person that gives me a ref code?
Anyways, Tyler, I need to talk to you for a minute.
You got to catch me up because I missed a lot.
I missed a lot.
Where's my Tyler button?
Where's my I have it?
Oh. Oh. and crypto analysis. Talmudian on FOMO.
Our calls to KitKat.
Ready to bash the bears.
Yeah, folks, it looks like crypto majors are red this morning
as stocks are also pointing lower after that 20-year historic rally.
Not a huge surprise that we're red.
Bitcoin hanging out around $94,000.
Walrus Token and SWE were two of the big movers leading the alt board. Walrus was up 11%, SWE up 7% coming out of SWE base camp in Dubai last week. There was a lot of coverage of that on the timeline.
In other headlines, Bitcoin, sailor bought another $180 million of Bitcoin last week. I think a tick above 95k average. Brown University disclosed a $4.9 million Bitcoin buy held through the IBIT Bitcoin ETFs.
That's notable because their larger endowment is $7.2 billion.
So just a drop in a tiny bucket of their larger endowment.
So they've got more funds to play with.
Arizona's governor vetoed their Bitcoin strategic reserve bill after it had passed the House and Senate.
So still waiting for this first state to approve.
Charles Schwab plans to introduce
spot Bitcoin and ETH trading within the next year contingent on regulatory clarity. Let's see,
several IRS crypto specialists are leaving the agency following some controversy involving
DOCHE, the Department of Government Efficiency. So less crypto experts on board the IRS.
A Dubai-based family office plans to invest $8.8 billion in the Maldives
to develop a financial hub focused on blockchain.
That's notable because that's larger than the entire GDP of the Maldives.
I saw that. It's sick.
They're pretty much going to own the fucking island if that works out.
Yeah, so there's going to be a big blockchain
financial hub in the Maldives now.
Good destination.
And then I may not talk about it, but Solana did face a
zero-day export over the weekend,
which could have allowed bad actors to mint unlimited
token 22 standard tokens,
which are used for RWAs.
But validators were able to resolve
before any exploits took place. So it looks like
there was no negative impact of this.
In AI and memes, we kind of talked about market caps hanging out right around $9 billion.
Tether announced Tether AI as a peer-to-peer network for AI agents.
In memes, the leaders are kind of just chopping.
Gork was a big winner on the weekend.
It was up 35% to $65 million.
After several Elon posts, Elon even changed his PFP.
Chill House and MFers were some of the
winners in microcaps.
Boop saw big action. It jumped
40%. Damn.
Being listed on Binance Alpha.
They also had a new meme coin launch
last night. Soar 8,500%
to $6 million. So
some signs of life over on Boop.
Nice. Look at that. By the way, shout out to
Mocus. I am now signed up to that Mira thing.
I got a ref code. Hey, Tyler, use my ref code. Farouk.
That is F-A-R. Fuck yeah. You got to use mine though.
There you go. I'm going to DM it to you.
I made an account
there you go
anyways so where do we even start here
I feel like the Gork thing was funny
I kind of want to start there
I missed the whole
I missed everything
so what's this Gork story
I saw Elon I like that he's got the muggles on
I'm not going to lie
but what's the story there
so you know they have the the ex-AI agent is Gork I like that he's got the muggles on, not going to lie, but what's the story there?
So, you know, they have the ex-AI agent as Grok.
They launched a new one, Gork,
which was more, I think, humor-based with a little bit of a different spin.
So not shocking, A, that DGN's launched a token for it,
and B, that Elon was interacting with it.
From a trading perspective, this was a really hard one
to catch. So I totally missed this one.
So I think the first time I saw it,
it was already over $20 million.
And in this market,
I'm not really chasing memes that
high. I think we
got an initial Elon post
that ran to like $40 million and then
retraced and then Elon made his PFP.
I think it shot to like $80 and then retraced and then Elon made his PFP I think it shot to like 80
or something
it's been retracing a bit so yeah you can
see kind of all the action there
so does Elon have no remote
Elon he had no emotion
or something like 100 mil like peanut
like bellies yeah I mean that's
the thing so this is tough
because for one it's not a meme like it's just
tied to the name of the AI agent.
You always sell the Elon pump, man.
We really haven't seen a whole lot of tokens
like this really go that high.
For me, the ceiling was always kind of low
It's one of those that shots
so high so fast.
That just alienates a lot of people.
I definitely prefer
those memes that have a slower arc up
to $5 to $10 million
because then you can get a little bit of a community.
You kind of get through some of those
early 30% to 70% pullbacks
when it just shoots straight to 20%.
It's like now it's just people just throwing capital at this
hoping for a 2 or 3x.
No one actually...
There's nothing really behind it
other than just like, oh, hopefully Elon tweets
about it. And then he does. And then once he's done it,
you start asking yourself, okay, well,
what's the next big catalyst?
Like, once you've already had
the Elon tweets and the PFP change.
Right. So that's kind of like
after, like, just kind of walking you through
the week. I mean, it was a hot week. I had a very
solid week trading tokens.
I think we talked about it.
I was early to house coin.
I caught a nice series of runners.
I was early to the neatest.
You sent us house coin before I traveled.
And that was a wait for five weeks.
You sent it to us as $5 million, dude.
I got a nice little position of five.
Still holding a good
chunk of it. I think this one can still
go higher. I'm not in any way surprised
that it's pulled back from its run to 100.
I mean, it took
some serious Ansem showing to get that high.
One takeaway, Ansem still has it.
Ansem can pump coins
higher than Elon.
Oh, he can. I mean, how many followers
Ansem have? Ansem still has the motion, dude. He moved it from 10 to 80, basically. 7, he can. I mean, how many followers Onsen still has the motion, dude.
He moved it from 10 to 80, basically.
Which is a pretty big move in this
market. It's cool
off now. It's got a lot
of fun on the time, which I kind of like.
And I said last
week, this one's going to be a test of this current
market. Like how high this can go is just kind of
going to be an estimate of this current market. How high this can go is just going to be an estimate of
where this market is
right now. It can go higher.
I also wouldn't be surprised if it
just dips and chops for
a long time either.
We'll certainly see.
What else? You were saying needs.
What's this need thing?
Not in employment, education,
or training.
So this is the fate that a lot of Zoomers in the next generation are facing, right?
Like in this – Damn.
When AI – when the robots take all the jobs, like there's this big question of like, so what are people –
And they're going to be in this bucket called Neats.
And like Warren Buffett is going to be a neat.
Yeah, I saw you stepping down.
From Berkshire.
The Twitter account's funny.
They're embracing the meme.
To me, it kind of feels like this meta right now is like this
Zoomer meta. Housecoin is a
Zoomer-backed coin.
It's their rebellion against the housing market.
Zoomers can't afford houses.
pumped up this Ponzi housing scheme.
Yeah, it's so good. I love the narrative. It's not affordable.
They're going to buy a house coin instead. Neat's kind of in that family.
It's also like a Zoomer.
They're trying to hyper gamble their way out of this financial crisis.
I'm going to be right there alongside them.
I like this one. I think it can go higher i like the market cap on this one it's not too much like as someone who missed the whole meta the last month i come back home
i'm not buying a 60 70 mil token but if i want to buy a token which i'm not going to do it because
i just don't feel like you're right i'm tired tired. I would buy $10 million. You feel me?
As someone who kind of
missed out. What else did I miss?
Boop was the big thing you missed.
Yeah, so I'm tier three.
Someone just asking the thing saying,
Farouk, will you claim your boop airdrop? No.
Because tier three, 60K, and enough
for me to launch that token. If it was still 300K
and that was tier one,
I would have to think. But is this not- Everyone should know. I've been trying to get Farouk to launch that token. If it was still 300k and that was tier 1, I would have a think.
But is this not...
I've been trying to get broke to launch
a token. He's been pretty
steadfast against it.
I'm tier 3. If I was
tier 3, it is for 60 grand.
Even if it's
down 70%, which I think is very
possible. My realistic
target is I think it could trade at $100 million
when these unlocks start to happen.
Michelle is tingling.
It's a 20K airdrop for you.
I mean, that's still a pretty damn big airdrop.
It's still worth it for me.
It's sick to hang.
Yeah, I get that.
I'm not trying to hard.
He really wants me to launch a token, y'all.
I wouldn't buy your token.
The reason I'm saying it is
no one cares.
It's like you just
click a couple buttons, you launch a token,
and if you don't
tout it, if you don't talk about it on the timeline,
no one is going to go buy it.
The only people who are buying it are these snipers.
Snipers get wrecked if they buy it. And the only people who are buying it are these snipers. Those snipers get wrecked if they buy it.
If you are someone who's actively watching the boop leaderboard for a high falling creator to launch a coin and then getting upset,
like what were you expecting?
So we've seen the,
let's say about 30 to 40 so far of the people who are eligible have launched.
That clock is ticking.
But how do you...
Honestly, I missed the whole thing, but it's obviously over the timeline.
By the way, I feel like last week I saw a little bit of it.
A lot of people were like virtual signaling, like,
oh, I'm not going to launch a token.
But it's like, yo, you invested in the token, invested in the round.
I saw Cyrus do it
and I would have done the same thing.
If I was tier one,
I'd be launching it today.
Swear to God.
I don't care.
If I was a T1
and it's a $300,000 airdrop,
fuck y'all.
I'm launching a token.
You know what I mean?
just don't trade it,
But what's more interesting here
is just the broader conversation of can a new meme coin launchpad displace pump fund or take meaningful share.
I see 53K.
And what's interesting about Boop is their tokenomics.
So every day, 1 million Boop tokens.
So that's 270,000.
Is it really that much?
Yeah, $270,000 are given out
today. 30% are going
to creators and 70% are going to
holders for graduated tokens.
So as a creator, if you
launch a token that graduates, you
will get a percent share of
30% of a million boop tokens.
And as a holder,
you are going to get
percent share of 70%,
so 700,000 BOOP tokens
based on market cap,
how much you hold, that type of thing.
That's one of the incentives.
They also have the staking incentives.
So this is meant to go after the whales
who want to be playing the meme coin game
but don't want to sit through the computer
for 10 hours a day.
You stake B Boop tokens, you get a percent of all the tokens that graduate.
So the runner last night was this pork token.
I have a small amount of Boop staked, so I got pork tokens in my wallet.
Yeah, right there.
So now you get to root for all of these.
And is it going to be a meaningful amount at $3 million?
Probably not.
I think Dingling even showed the man.
If you had like $13,000 for the boop state, you got like $400.
Not a ton, but like decent ROI.
So they've got the incentives there.
I think this is the best set of incentives we've seen.
How is the Radium one doing?
Because you and I were saying if one person can do it well, it's Radium.
And we like the way they were set up.
How is that going?
Yeah, let me try to check in on that.
Because you'll see why I'm asking.
I know we're talking about boot, but.
Launch Labs.
They hit $100 million in cumulative volume last week.
Pretty big number.
I mean, not easy to get there by any means.
I'm filtering their board by market cap right now.
If this is accurate, I'm not seeing any tokens over 50K.
So that's not great.
Does Boop have big tokens yet?
Like highest market cap.
So it's 7 mil, 3 mil, 700K.
So it's two of them that are over a certain amount, a million.
There's a few over 100K, and then that's it.
So that's what you need, right?
You need to have the runners.
How about PumpFun?
How are PumpFun tokens doing right now?
If I go by...
Even the latest one, Gork was Gork.
Housecoin.
See, all of these are PumpFun tokens, right?
Even the Troll one is all over my timeline.
So Troll, Housecoin, Neat, Gork, and ChillHouse
are all PumpFun tokens, Tyler?
All the big coins are PumpFun tokens.
So you see what I mean?
it's like the market is still proving that
it's PumpFun tokens doing the best.
Like AVA is still doing well on the AI tokens.
It's tough because they still have all the users
and volume and liquidity is all in PumpFun.
Like, it's crazy, right?
You talk to me about all these right now.
You mentioned literally these four on the show right now as last week's runners to catch
They're all pumped.
In troll, I mean, troll might be, you can make a case.
It's one of the stronger memes of this new class.
I mean, it's only like 30 million right now.
What's the story behind this one? I'm seeing all over my timeline,
but I have no idea where, what, how, who.
It's tied to that OG troll
meme. Yeah, classic.
4chan. There was a Black Mirror episode
about this one.
I got to catch up on Black Mirror while I'm back.
So this is more,
this is like your Pepe style.
It's about the meme
itself, and it's not a like
an intention event yeah just quickly before we we go on uh the code today is cz rafflebot.xyz
rafflebot.xyz code is cz just a thing for everybody because i just sent me a message
we have 500 users that are referred only Only 20 people have placed a bet.
You have to place a bet to be eligible to win.
So that means that you have a big chance to be selected every day.
We give money away every single day.
So make sure you put money in your account,
use the FOMO hour code to get in,
and place your first bet in order to be eligible.
It could be a small bet,
but it's just we have to make sure you're a real person.
Anyways, back to the conversation, Tyler. I think these numbers show the answer right i think ding is
a good founder i think tokenomics wise like i like what you're saying but the boop stuff and i know
you were saying that they have like some very strong tokenomics or incentive program
um i kind of like the idea that like you have to make a token to get your out to i i thought it was
fun i followed a little bit on the timeline when that came out.
I tried to claim my airdrops on multiple trading wallets and you have to
spend half a soul to get your airdrop.
And it's worth it.
because even if it's a $300 airdrop,
half a soul is less than that.
So it's like,
so I kind of like the way it launched,
but I still don't think anyone's going to beat Pump Fun.
It's an uphill battle.
It's a very tough one.
But those still, again, like similar to people who tell me, like some people tell me I don't
think Myriad can beat, for example, Polymarket or CalShades.
I don't give a shit because even if I'm the third biggest prediction market in the world,
I guess it's worth a billion dollars plus.
You know what I mean?
So it's okay also.
There's going to be a Pump Fun and a Launch Lab and a Bo plus. You know what I mean? So it's okay also. There's going to be a pump fun and a launch lab and a boop.
You know what I mean?
It does feel like there is some hunger out there for this.
People are rooting for it, but it's also just very, very hard.
It's hard to change user behavior.
Everyone's used to pump fun.
But I mean, I thought it was hard for OpenSea to get displaced.
I mean, they had a huge lead.
So they're still back now,
They're back to number one.
It took almost nothing for them to come back that big.
it kind of took Blair giving up,
So we'll see who goes for the longest time.
it's going to be an interesting battle to see.
The other wild card is
are they forcing, if Pump Fun
they've got a card up their sleeve, right?
That Pump token.
So if they ever get some serious pressure
are they going to drop?
Boop has a coin.
Launch Labs has a coin, Radium.
Pump Fun doesn't have a token.
And that's their superpower.
It's a superpower not to have a token and that's their superpower. It's a superpower
not to have a token line.
You know what I mean?
Because you could cap your upside.
it's crazy to me
how much money
PumpFund has made this year.
It's a year old company
and they've made like
half a billion dollars.
They're still making
we were talking about last week
they're still making like
two million a day.
What a cook, man.
What a cook.
Anyways, Tyler, what else is there?
I know we're up on time shortly, but what is some big news?
Yeah, I mean, I think we kind of went through.
It was a slower weekend.
We talked about the export.
We talked about Tether AI.
I think a big one to watch this week is the stable coin bill.
So there's a little bit of fun.
Well, so like Sander reported for Decrypt that Coinbase allegedly doesn't want this stablecoin bill to pass,
saying that they want a more comprehensive bill.
They don't think two bills are going to get through this year.
So they want this one to fail to get a more comprehensive bill. They don't think two bills are going to get through this year. So they want this one to fail to get
a more comprehensive bill
in place, while a lot
of others think this is the shot.
They need to get it through. So there's a little bit of a clash.
I think one spokesman for Coinbase came out
and said that wasn't true. So there's a little
bit of back and forth playing out, but this has now
become a little bit more
of a hot political item. I think the vote
is scheduled for Thursday.
So we should know some kind of resolution on this thing here in a few days.
So I think expect more to come on this stablecoin bill,
which is going to be a pretty big deal if it passes and if it doesn't.
There's a lot of beef around that.
So I saw that as well alright
I'm pretty sure we can
cover the rest tomorrow
if we need to
busy space man
busy space
I just want to wake up that one morning
looks like the curve Twitter is hacked
so be careful y'all
I'm just seeing the comments
man every every other day someone else got hacked last week It looks like the curve Twitter is hacked. Be careful, y'all. I'm just seeing the comments.
Man, every other day.
Someone else got hacked last week.
That's so bullish, though.
It's hyperliquid.
Yeah, I saw that.
Just be careful, y'all.
Curve Finance.
The Twitter is hacked.
Now you know that?
You can't comment.
So just be careful when that happens.
All right.
I got to go upload the CZ interview.
I got to do my timestamps and all that.
So this was a scapeaway.
RollsRaffleBot.xyz.
The code was CZ.
You got to place a bet.
So if you didn't place a bet yet, place your bet now so that you can be eligible tomorrow.
All right.
Let's see who wins.
Per Alpha.
Per Alpha.
Congratulations.
Congratulations, Per Alpha.
Come on stage.
I'm going to be some corn racing.
What are you saying?
What are you saying, Tyler?
Have you seen corn race on the show yet?
I've played a lot. So it's fun yeah i've played a lot so it's it's fun um all right per alpha fantasy top addict and dog shit trader that's his bio that's not me saying it
let's see he's here let me get him on all right what up how you doing
so did you start me this week in Fantasy Top?
All right, good.
Dude, I was getting, like, blasted by everyone.
Like, hey, Farag, don't forget.
Because I was about to post it yesterday.
And it was like, oh, no.
And then also, like, generally Mondays are better to post.
I was going to do it Monday anyways.
And then I went to Fantasy Top chats.
And I was like, all right, I'll wait.
But y'all got to retweet and comment on my shit.
So I'll take that.
And I went and started myself.
I haven't played in a while,
but I was like,
I have my legendary card.
So I'm going to play.
All right.
congratulations.
I want things for the search.
You've already bagged $500.
So congrats.
So you already made $500 and we're going to go play some corn race with you i haven't played corners in a while because
back up do you know how this works per i don't are you watching us on video or audio uh audio
right now all right so basically how this works is there are five coins bitcoin ethereum solano
dogecoin and farcoin and each one of them has a different multiplier
right? So how have you been doing it
Tyler and Sam's for Coin Race on the show?
Do you just yeet everything in one coin or?
50 on each
did we do Tyler?
250, they're going to pick two coins
we can do both
so we can do one round
with 50 on each because he gets 500 bucks to play with we'll
give you 250 on two sorry yeah we did two yeah we let the user pick two yeah 250 a coin sorry
so okay so we do that 250 and it's just a one one one round only is that what we're doing okay
perfect so we'll do one okay so mcg all right here it is you have have $500 budget. There's Bitcoin, ETH, Solana, Doge, and Farcoin.
Bitcoin is a 2X.
ETH is a 4X.
Solana is about a 5X.
Doge is about a 10X.
And Farcoin is about a 40, 50X, depending on the round.
If they hit, you can pick two coins and put $250 by coin.
And then you have to pray that they win.
If they don't, it's okay.
You still made $500.
If they hit, you win $500 plus whatever you get does that make sense yeah all right what are the
two coins you want to pick i'll do bitcoin and fart coin smart smart smart all right let's do
that so 250 oh 57x on fart come on let's get that far coin. Let's go
200 fuck so I'll put 50 on those for him and 50 on I Almost made $11,000
Well, you still have 25 bucks left. You want to put it on something else?
Well, you stuff 25 bucks left you're putting on something else
Uh, sure. Pick a coin. I'll do Farcoin again. All right. Um, just so you know, you still won here.
Uh, cause Bitcoin hit. So you made 625 bucks, which means that you've made already,
you've already made a thousand dollars. Well, Farcoin just got lost. There you go.
Man, do you guys,
do you see how close that Farquh was?
Yeah, I thought I was going to hit.
Usually Farquh gets wrecked first in this game
and you almost made 11 grand.
But guess what?
You still made a bunch of money today
because that Bitcoin hit was $625
and you had already made 500 bucks.
So congratulations, MCG.
You made about $1,125 on the shortest morning.
Yeah, whistle hit. There you go..25 on the shortest morning. Yeah. Nice.
There you go.
Very nice.
Hopefully, uh, hopefully use that well.
All right.
Well, that was a lot of fun shit.
My heart is racing.
It's been a while since I played that game.
I love it.
I fucking love it.
I didn't know there was a Maxwell Farquhar of 200.
Imagine if you hit 11K.
Holy shit.
Oh, it would have been fun.
All right, guys.
Well, with that, with that, with that, we'll see you all tomorrow morning,
10 a.m. Eastern Standard Time
for another episode of FOMO Hour on ROG Radio.
Let's go. Thank you. Thank you.