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FOMO HOUR: MARKETS, HYPE, GOLD AND NEWS
Recorded: Jan. 28, 2026 Duration: 0:59:18Space Recording
Short Summary
In a dynamic crypto landscape, Tether's USAT stablecoin launch and the explosive rise of Hype token highlight significant market movements. Meanwhile, Mesh's $75 million fundraising and the introduction of a new ETH AI protocol signal ongoing innovation and growth in the sector.
Full Transcription
Thank you. Check.
All right.
Perfect.
All right.
Let's kick it, Charlie. Thank you. gm everyone and welcome to another episode of fomo our today is is Wednesday. January 28th, 2026.
Folks, the dollar is sinking fast.
Gold is breaking out to new all-time highs.
It just keeps going.
Crypto, maybe, finally, following suit.
But FOMC is today.
Will Jerome Powell stop the music or will the rally continue?
We're going to talk about it
on today's show. Got Froke in the house. I'm sure Mando will be joining us shortly. Froke,
Jan, how you doing? I'm good. I'm good. Could be better.
I'm good. You're trying to go. I'm all right. Your boy got sick again. That's crazy, dude.
My immune system starting this year is getting battle tested.
Maybe this is 2026.
Maybe it's a sign of what's to come.
It's going to be a battle for me this year.
Your boy woke up with fever, sick.
Can't think straight, but you know what?
We're out here.
We're in the trenches.
We're doing it.
God gives his fiercest battles to his strongest warriors.
There you go.
There you go.
I love that one.
We'll fall back on that.
We've got a lot to talk about.
We've got the U.S. dollar just falling off a cliff yesterday.
Metals just going parabolic again.
Hype, our beloved token, the trade of January, insane move up 60% in just a few days.
So we'll talk about that.
ETH staking entry at a new all-time high.
You like to see that for the ETH bulls.
There's also a new ETH AI protocol that's being launched.
So we'll dig into that.
Tether launched their USAT.
And we've got a fresh new token, the NFT crowd.
The chat is lighting up about it.
Burb.
Burb is live.
Burb is flying this morning.
So quite the start.
And the trenches continue to trench along.
continue to trench along some decent action in there as well.
Some decent action in there as well.
So with that, I can just kick us off and do a bit of a quick market report
and then Mando joins.
We'll go through in more detail, I'm sure.
Taking a look at the crypto majors board here.
It looks like Bitcoin up 2% on the day, 89.6, though.
A little bit of a lockdown because we were over 90K this morning.
So we have sold off a little here on the U.S. Open.
ETH up 3%, hanging out just over 3K.
Slawn up 2.5%, 127.
So majors up 2% to 3%, but the story of the day, of the week,
Hyperliquid, up 23% again.
Wow.
Up 59% on the seven day.
The moves, they happen violently.
And, man, you did not have much time to catch this.
This was down only for...
Actually, since 10-10, basically.
The Tornado Cash seller kept this thing going down for weeks,
it seemed.
Then the second he ran out of ammo,
it seems like folks started looking
at fundamentals again.
And then they noticed
that the HIP3 volume
has been going off the charts.
We talked about it yesterday.
What a good timing for them that the commodities are running,
right?
And the commodities are being bought on that.
I was thinking about that.
It's like everything was meant to be.
Think about it.
Whales start selling off.
We've been,
and by the way,
you would have been,
we've had all the updates from this whale.
Had you been listening to the show.
We've been giving updates on how much hype this has left
for a long time now.
He sells off, and then at the same time,
silver takes off.
Silver's a billion dollars of volume,
and then fundamentals matter again.
That's such a crazy time when you think about it.
Yeah, the thing is, you can say they're lucky but of course luck is preparation
meets opportunity right they laid the groundwork to be there and and also it wasn't clear necessarily
from the jump that everyone would be trading metals on chain but turns out they are or a lot of people are uh silver alone did 937 million volume
yesterday uh the stock index xyz 100 240 million gold 160 then copper copper flat so i got my
copper long i'm basically even while had i uh had i long pipe instead i'd be i was thinking about
you this morning about that.
That copper is not moving much, huh?
Not great.
It's basically, it's the one metal.
Yeah, but you got copper in you.
Ah, copper, well, copper in you.
Yeah, we'll get there.
It's down a little bit.
Oh, you're funny.
Perhaps on its last slide.
We got to talk about these.
Metal's moves are just wild.
Gold does not stop it.
Gold hit 5,300 before the show.
It's 22% here today.
That's like $10 trillion.
I'd have to pull up the market cap numbers to know the exact.
But just an unbelievable move. And every time we think it's numbers to know the exact, but just an unbelievable move.
And every time we think it's going to stop
or pause, it just doesn't.
I think gold is now 20x over Bitcoin, right?
Let's look that up.
There was a website.
Gold Bitcoin, let's see it.
I think I read something like that.
Here, assets ran by market cap. Go on that website.
No, here.
This is like the here.
I sent you right now in the chat.
This website.
You probably see this website quite a bit.
A screenshot.
Yeah, it is 20 X nearly.
Gold's at 50 trillion.
Yeah.
And Bitcoin's 2.4.
Silver 8.8.
Yeah.
Yeah.
So. Yeah, and Bitcoin's 2.4. Silver 8.8, yeah. So a lot of blue sky ahead of Bitcoin, I guess,
is perhaps the optimistic view on this.
So what is Bitcoin and gold in this market cap now?
We got to run the market cap comp, one of my favorite exercises here live if the website's
going to work for me. 1.85. All right.
So 10% of gold's market cap puts it at
185K. 20% puts it at 360K.
Some lofty targets assuredly are out there.
There's a lot of hopium in the CC streets that a rotation is coming.
I think it's just hopium for now.
I think we need to see some indications of that.
We haven't quite seen it just yet.
But at least some green pretty much across the crypto board.
though. Looks like we are continuing to sell off
It looks like we are continuing to sell off a bit here briefly, a bit this morning.
a bit here briefly, a bit
this morning. Other than hype.
And man, so
missed the first move, 20 to
28. 28 was one
of the lines on the chart, right? Thought maybe there'd be
some resistance there.
Just smashed through it.
That's exactly all our levels. 24,
28, 36 are the level we showed on
show, all three of them. If you look at that,
it's actually 24 first.
So it's three days of pump.
You see that?
Closed right at it.
Then went to 28.
It broke that out, sorry.
And then bang.
So 36, right?
It was 35.
Barely hit 35.
But we're there.
Now what?
I don't know what I'm going to do with.
Now what is the question? I mean, this is – I feel like if you're FOMOing that you missed the hype move,
I do feel like you're probably going to get a better entry than 3340
sometime in the next couple weeks.
Like, it's hard to imagine this goes straight up.
That's not me being, like, a hype baron.
It means I'm not bearish on it.
But just,
I mean,
anytime you see just huge moves like this,
typically you'll,
you'll get another opportunity.
But with that said,
like if you're,
if you're looking at DCA on a longer term time horizon,
I don't know if it's bad to start the DCA here again,
maybe just let it cool a bit.
But it's the strongest token.
And let's check in.
Yeah, the numbers are pretty good still.
It looks like the prior day was the blow off still with that.
Actually, did we beat it again yesterday?
Yeah. Wow. Actually, did we beat it again yesterday? Yeah.
Wow.
Oh, man.
It actually set all-time highs in hit volume two days in a row.
1.7, 1.79.
Everything has changed.
So it looks like this might be the new daily level.
So we went from here it was 300 million a day,
then it was closer to a billion a day, and now it's
1.7.
As long as those
metrics are there, those fundamentals are there,
it's a pretty bullish tailwind,
I think. But our quant, Manda,
is in the house. Manda.
You guys
were long type, right, when I told you?
Brother, I gave the hype trade
like three weeks ago.
We've been.
You're not in it.
And then copper.
And copper.
It's just flatlined.
It's the least interesting metal
of all of them.
It does feel like copper
to sell. Oh, fuck.
No, I'm in copper, mate.
All the other ones just hit your all-time highs every two days.
Yeah, I don't see.
So what's the whole copper thesis was Novogratz, Chamath,
the fact that it's using missiles and the shortage, right?
And then metals, beta, like a meme, beta.
Okay, so I don't see...
Where's the fucking bid?
Like, come on.
Not a bad thesis.
It's fine.
I think copper is going to be fine.
It's a good thesis.
Copper bulls.
Copper bulls.
Google gold.
A little bit of copper.
Did you guys see the
don't worry about it
my bag
is in all time
highs
I'm not sweating it, it is just a little
unfortunate
go ahead
the market's interesting right
it sucks depends for what Go ahead. Yeah. The market's interesting, right? Mm-hmm. It sucks.
Well, it depends for what.
Yeah, I mean, it's annoying to miss Hyperliquid.
I agree.
You were shouting for that one from the rooftops.
I thought it would top out around this sort of level.
It's just what I said on the show two days ago.
I don't think it's going to 40, but I think it can go to like 30, 30s, 35.
It's kind of stopped out around that sort of level.
I have reduced some this morning, not all.
Yeah.
About 50%.
I did that way too early with XMR.
Maybe I'm wrong here again.
But if it goes back to like 30, I'll probably add again, if I'm honest.
Yeah.
It would be nice.
what else
am I looking at today? I'm looking again at
XMR a little bit.
It's at that level, dude. That 480 level
again.
It has broken down, but I'm just
looking at it. I haven't put on the trade yet.
What else are they looking at today? Wait. Tyler brought't put on the trade yet. What else are they doing today?
Wait, so Tyler brought this up in the chat,
but you told me something different.
We were talking about it.
That XMR pump, man, though,
didn't you tell me it wasn't really related to that LTC XMR?
I mean, the amount that was bought is not enough
for how much it pumped.
But was that enough to make everybody fomo into it
i mean potentially but you have to look at also like what was the reason somebody primed and bought
monero uh is that bearish for the trade or is that like working as yeah I see
so yeah
I don't know I like Minera here
I think that's one of the ones I can look at
and if it was up 20-30%
I'd be like yeah makes sense
I don't particularly love some of
the L1s that bounce
I continue to think Solana
looks shaky to me out of the top ones.
I like long, I don't tend to short things,
but that pair trade would be an interesting one for me.
And what else do I like?
I like copper, man.
I think copper looks okay here.
It looks okay.
Still think it's going to
break out
somewhat.
But yeah, I also like Google.
Not a bad little basket.
What are your thoughts? We have FOMC
today. No one's calling
it the most important FOMC of their lives.
Maybe we're going to agree with it.
Perhaps that's because the odds are pretty much locked, 97%.
No cuts.
There's not much of a sweat today.
Yeah.
Yeah, go ahead.
I think it will just be the depressor that becomes a big deal.
But he's out.
He's leaving.
So I don't really know how much people will read into it anyway.
It's an awkward three meetings, right?
So he's in until May.
So he's got three more meetings.
Froak, you made me ill.
Oh, no.
You both have it?
You made me ill, right?
I've been fucked up
the last 24 hours.
Maybe we got sick together.
I mean, we weren't together, so it would make
sense that we
both got sick together.
What's interesting about
this FOMC is like, so
A, it's the first since the whole PAL
lawsuit
from the US government,
which
caused a big splash a couple weeks ago,
but we've already had like five media cycles
since then. I think people may have forgotten about
that a little bit. So this will be
his first time having FOMC
since that all came about.
And he's a bit of a lame
duck. He's only got three of these left.
So the odds of him doing any cuts before he's out are basically 30%.
So 70%, he's going to keep the rates steady for the next three.
30%, basically he's going to do one cut,
and there's some tiny chances he does more than that.
It would be hard to bank on more than one cut
at this point. I guess the
wild card in all this
and the dollar is going down
and we can pull that
up, but so is
inflation.
The latest true inflation numbers
and they have
their own formula. This is not exactly
what the FOMC –
they've got it at 1.16% and absolutely fallen off a cliff.
And my gut read is Jerome Powell's not going to hold any grudges on his way out.
He's going to do the right thing.
I don't think he's going to cut today,
but I think if the Fed's numbers start to match anything like this,
I think there's another cut possible before he's out.
This is my gut read.
So I like one.
I like the bet on one versus zero by April.
So that's my view.
We'll see what he has to say here today.
I guess this is probably the least exciting one we've
had from him
with respect to volatility
that is incoming.
What is he going to say? Dollar devalued?
We're not cutting?
Wow.
That inflation figure is wild.
This is trueflation.
They've got their own...
This is right.ation. So they've got their own... This is right.
So it's come down from 2.6% to 1% in a month?
Basically, yeah.
See if they've got the...
Categories most consistent downtrends are food and housing.
Also cooling and household items.
Natural gas was a big upward driver,
but natural gas is already coming back down.
So we'll see.
Powell will either speak to this today.
I mean, I would think he will either effectively confirm this
or he'll be saying that his data doesn't match this.
So then we'll throw it out.
Mando, any concerns about the dollar falling off a cliff?
It looks like it is rebounding a bit here live today.
Perhaps that's why our crypto tokens are going the other way.
But it was below 96 yesterday.
Any reactions to this
that was driving the pumps that we're seeing?
Oh, for sure.
This is all related,
as it always is with all these sort of markets.
But the fall of the dollar
and the rise in all these assets
is very related.
We haven't really seen it for Bitcoin,
which has been frustrating.
But the reason why stocks are hitting all-time high
and gold at the same time and metals
is because of this drop of the dollar. A lot of these US-based companies and why that makes sense
a lot of US-based companies get you know 50% of their revenue from outside of the US. So it can normally be a very, very big driver
of their margins when things like this happen.
And then similarly,
when everything's priced in dollars
on the metal side,
then when it goes lower,
people pay more for it.
So yeah, I think this is like rational
for what's happening.
Now, this is the sort of environment where
Bitcoin should be trading up like 200k,
if I'm honest.
And it's not.
It's not.
We continue to wait
for the
rotation.
Not even rotation, just
any kind of inflows. The ETS
flipped red again yesterday.
That's crazy, bro.
We've completely lost 90k
here, by the way. We're going back to go sub-89.
Crazy.
All the markets kind of looked okay this morning.
The dollar coming
back here, perhaps
cooling with the rally. So the S&P
hit 7K for the first time this morning.
It looks like it's giving some of that back.
But still, I mean, it's at 69.90.
Government shutdown.
Wait, where's that at? Hold on.
It's still at 79%?
There's two thoughts here now left.
Okay?
Because four-year cycle,
we're beyond the four-year cycle there.
It's either 10-10 broke the market
and we're still in a post- 10, 10 world of everything trending lower or it's quantum for Bitcoin and
everyone getting freaked out about those two.
I don't really see much else.
Kathy Wood was talking about 10,
10 this morning on television.
It's one you're either in one or the other camp.
In my opinion.
For me,
I do think it's more a quantum thing that people are worried about.
Worried about.
Whether it's real or not.
The narrative is there.
Yeah, that's kind of where my head is as well.
I guess that the positive spin on that is,
I think if Bitcoin devs come together
and put together some kind of a plan,
it doesn't even have to be a solution,
but just say like we've got a formal council
working on this,
similar to what ETH rolled out with their post-quantum,
I feel like that would be enough.
Yeah.
It doesn't seem like they're there yet.
There has been some proposals
it sounds like, but this is not consensus around
at all.
And people are worried about that already.
Stretch stock now well below the he had his week where it was at 100 and he was hitting
the atm hard it looks like that's that that is below so sailor's not going to have as much ammo
as he's had as well um shift to e for quantum resistance yeah i mean it seems to be the leader
there but it's not necessarily reflected in price.
I did, this is a little bit of ETH opium.
We've got the validator queue at all time highs.
Right now the entrance for the ETH stake in queue
versus the exit, which is at all time lows.
I imagine this is largely driven up still by Tom Lee
and the Bitmine crew.
So a little bit of an asterisk on that,
but still net positive.
ETH continues to look okay.
And then we got one of the stories
out of Ethereum yesterday
that I didn't see a whole lot of folks talking about yet.
It was their new 8004 standard, ERC, 8004.
And effectively, this is how it's a privacy-focused protocol
as well as an AI agent enabler.
So as I understand it, new standard, encrypted smart contracts,
state and computation, AI agents will be able to hold private data
and make decisions, negotiate, and settle on chain
without revealing the logic.
So as I understand it, agenda commerce has been possible on Ethereum, private data, make decisions, negotiate, and settle on chain without revealing the logic.
So as I understand it, Agenda Commerce has been possible on Ethereum, but it has been more exposed via the way the protocols were structured, the smart contracts.
You can effectively see what the agents were doing.
With this, it will be private.
So if you want to bid ETH at $,900 and sell at 3050.
Now you'll be able to do that.
Your agent will be able to do that privately and folks won't know that and
they won't be able to front run you. In fact,
that's how I'm interpreting what the change is for 804.
So the ETH and ETH Foundation leaning into quantum and leaning into the AI
and agenda commerce, that seems like a nice into quantum and leaning into the AI and agenda commerce.
That seems like a nice narrative.
Yeah, I saw the AI stuff.
I saw Tommy posted about it earlier.
They've got all the narratives going on for themselves over Ethereum right now.
Feels like they're doing a lot of things right.
Ethereum standard for new AI agenda economy on mainnet.
That sounds nice, doesn't it?
The question is, is ETH still just dependent on Bitcoin? That's the thing. That sounds nice, doesn't it?
The question is, is ETH still just dependent on Bitcoin?
I mean, at some point,
I'm not saying it's going to remain that way,
but hype has decoupled from crypto the last three days.
Now we see how that continues,
but do you guys think that... I think there's value in apps.
I keep saying this.
I think apps, apps, apps, apps.
Pump Fun, Hype, both in the top formers,
even with Bitcoin going.
Exactly.
We're seeing scale now in these businesses.
Obviously, you're getting more in Hyperliquid than your own pump.
Because I think Hyperliquid is going mainstream and pump is really just...
Of course.
Going after the trenches a bit more.
But I think we're starting to see real value here.
But do you think something like ETH can decouple?
I think it would be really tough for ETH to meaningfully decouple.
Yeah, exactly.
Yeah, that's what I think too.
That's the tough part.
I think you can outperform.
I think you can outperform for sure.
Yeah.
I think that's probably spot on.
So we will continue to see.
It's not app related,, but new tokens-related.
Arguably the biggest new token story of the day.
Moonbirds.
Moonbirds launched their Burb token.
It opened around $60 million.
Basically, it just kind of popped right to $60 million.
Hung out there for about a couple hours.
It was still there when I was up at the desk this morning.
And then it leveled up to $90 million. cap 315 million ftb jesus perhaps a little higher than i necessarily
would have targeted this um but it's a little more understandable when you look into the tokenomics
they share the tokenomics for the first time yesterday 65 to the community, 27% to holders,
those people who actually held the NFTs,
12% to partners, 10% for the value chain incentives,
8% liquidity, innovation team investments and advisors.
I've seen a little bit of pushback about holders not actually the 65% figure being a little misleading
as holders are only getting 27%.
That was one angle of FUD that I saw.
Then the
caveat on holders
getting 27% is they're
bringing nesting back.
They followed
up with
nesting 2.0
for realsies.
But the kicker here is
yes, your NFTs are going to get those tokens,
but they're going to get 1 24th every month for the next 24 months.
So this is effectively the slowest drip airdrop we've seen
for like an NFT token airdrop like this.
Then as I kind of sat down and looked at this,
and I saw a few others tweeting about it yesterday,
the float is very small.
My math has the float at somewhere between 10% and 12%
on this. How does that make sense if the market caps?
I think the market cap number is wrong.
Okay.
So if you look at the buckets here,
the investors and advisors is locked for a year.
The team tokens are locked for a year.
That's 35%. I don't think the innovation tokens are being sold on day one
or necessarily in the float.
Value chain incentives.
I don't think are there partner expansions.
And then we know that only one 24th of the holder rewards.
So basically one,
only 1% of this bucket is live.
It's like 1.2%.
So my math is that you've got 1% from holder rewards.
You've got the 8% liquidity and then perhaps another couple of percent.
liquidity, and then perhaps another couple percent.
That's it.
That's it.
I'd love for someone to challenge me or tell me where the holes are in that
logic.
I see that's right.
But I think that's why we've seen a bit of the pump is that there's just no
sellers.
Also, I don't think the nesting airdrop has gone
live yet. At least it hadn't before the show.
So the NFT holders haven't even gotten their tokens
yet. So perhaps we'll see.
I know Wiz was posting yesterday, buy all
dips on this, effectively because there's no sell pressure.
That was his logic. So far, it's looking like a hell of a
trade.
At some point,
you do have to think about the FDV
on this and what's the
right level at $320 million.
I think this
is like almost half a Pingu.
But is the FDV wrong
or is the market
cap wrong? My view is
the market cap at
whatever that is.
It's inflated.
So Pingu is at a penny.
$709 million unlocked market cap, so effectively FDB.
So Berkham is almost half
Pingu
let's look at the
NFTs so the Moonbirds did sell off
yesterday they rebounded a little
bit there at 1.09
Pudges at 4.4 so you would
just basic back on the napkin they'd be
but the token's trading at about
50% so I think that's going to be a ratio folks will monitor,
but I think that's further down the road.
And then the X factor is what Spencer,
is he going to have any tricks up his sleeve?
What is the,
what is the token?
Where are they rolling out?
I feel like he's kind of kept his chart,
kept his cards closer to the,
to the chest as of late.
But imagine he'll have some tricks up his sleeve.
But congrats to anyone who traded this morning.
It's been a heck of a trade.
It continues to grind up here.
Other than Burb and the trenches, yesterday was a little more quiet.
Pippen continues to go insane.
What's that?
It hit 500 million.
It's significantly above whiff and fart coin now.
Wow.
Wow.
That is incredible.
It is.
The penguin token is still hanging out at 90 million.
So it's,
it hasn't gone straight to zero.
I wouldn't say it looks great necessarily,
but it's given folks some time to exit.
Yeah.
Copper Inu is down 60% from all-time highs.
I think some questions about whether it's going to stay.
Your copper beta trade.
It's fantastic. We'll see if we can find support.
What are you out of this stage?
I am still in this.
I still think it's a good one.
Well, if copper goes...
If real copper goes, right?
What does that mean for copper?
Bullshit.
I don't own anybody.
I'm just kidding.
I think it needs someone else to rally behind it besides him,
is my view on this.
I don't know if him is widely loved in the space,
but we'll
see if that one lasts. Other than that, not a whole
lot of new action.
And people are just literally
taking Kobe's tweets. Kobe had another tweet
today where he talked about the word toothpaste.
Of course, that got tokenized. Didn't run
very far. Yeah, not a whole lot of
other action on the board. It seems like the Claude
meta now officially oversold the
tomato was the last
ending token.
It's now below three.
I completely forgot about the tomato and I checked this morning
to it and I was like, holy shit.
Did it just die?
Did the plant die or something?
I don't think the dev rug.
He ate the tomato.
He grew the tomato.
It was great.
And now the experiment's over.
Yo, what's up with it?
He paid his fees.
It wasn't a BAGS token.
It wasn't?
No, that one was a PumFun token.
Which is why I think it had more,
like it ran more than the BAGS ones, right?
I mean, like 35 million.
I don't know.
What happened?
Can we go on this page?
I'm looking.
Okay, we had an update yesterday.
Do we need to look at solar tomorrow?
Like why is Australia below 1 million?
Or do we just accept after five years of doing this show
that we're playing a crypto crash game?
Well, there's not much going on.
I want to know.
I want to know.
What a billion?
But hold on, hold on.
Mando, listen to this.
Listen to this.
Tyler has something else.
I have to say, Tyler has been on it.
Like, his last, like, four or five calls were all, like, two to ten X.
He caught on to a coin tied to the guy who's about to win the million dollar article.
And it's,'s like a Somali
founder or some shit.
Tyler, what is this day you got?
I wasn't sure if we were going to go
there. I mean, I got to go there because
this guy has 44 million views on the article
so I think it's worth it.
I've seen this, yeah. So what is this?
Yeah, so this
Twitter is Bieber.
Okay.
And I'll come back to his pinned post, but he launched this.
I think he vibe-coded effectively this dashboard.
The idea is effectively to expose government spending in the U.S.
with the next degree effect is trying to understand where a rampant fraud would be.
In a lot of ways, it's similar to what the Doge vision would be,
but a little bit more like citizen vibe, vibe journalism, so to speak.
He made some updates and pushed out to his site yesterday that he's uncovered
like 55 trillion in spin.
He's got a working site where you can kind of dig in to this by state.
And he's got a token tied to it as well.
It's the SS token.
It was trading around 1.3.
It's showing as high as five.
He's hanging out at three right now.
But perhaps the interesting part of this is he wrote an X article about Deloitte,
which he titled a $74 billion cancer,
a test of size across America.
It's got 44 million views.
And I believe it's in first place for the X article contest.
And now folks,
part of the thesis is if he wins the million bucks,
he's going to put some of that into his token.
Why wouldn't he?
Otherwise he's rucked.
44 million.
Yeah.
Wow.
I don't know.
Someone sent me the live ranking site yesterday.
I think it might just be by pure views. And then
caveat, I think X has their own algorithm.
I don't know if Beaver
bought this. So I think if you
are proven to buy your views, you might
get thrown out. So all that with a grain of
salt, dig into it.
But $44 million is enough
for first. And I think the contest ends
today.
So we are at the end so we need beaver
to win and then we need him to confirm he's rotating some funds into uh the somali scam
project and in token for this one to play out this is a microcap everyone of course needs to
lose that um but an interesting story i think part of the reason it's interesting,
I think that people would see value in what he's at least trying to do.
Like it needs to be accurate.
It needs to be real.
Right.
But I think it's a,
it's a story that folks could get behind.
The other factor is he's eligible for the pump fun hackathon.
I think he's thrown his hat in the ring for that.
So if this wins one of the prizes for the hackathon,
pump would invest at a $10 million market cap.
So I think that's another potential upside for this one.
So that's the thesis.
Probably enough time spent on the SS token here today.
But there are more.
The trenches are alive, I think are more, the trenches are alive.
I think it's still the,
the theme that's going on.
There's actually even some action over on ETH,
which really shocked me because I don't really even look at ether base as part
of my day to day.
But this Claude,
Oh God,
it's a 30 million.
Wait on ETH,
the real ETH.
This one is on base, but this ETH Foundation dev released a Claude agent of some kind.
I don't know the full story behind this.
What?
This one is run to $30 million.
So it's not just a pure, like, oh, the ticker is Claude.
That's the meme. It's actually tied
to some kind of an agent.
Perhaps a little bit more in line with
like a virtual
play of some kind.
So it's from Austin Griffith
who does work at
the Ethereum Foundation. I have not had a chance
to really dig in to exactly
what this is.
But $30 million.
That's about as high as I've seen
a new token go.
$40 million went to Jesus.
On base in a while.
Expect more of this,
I think.
The devs,
you've got the gas coin where people are just finding actual AI devs and
they're just sending them the tokens and pray.
And that's causing a huge problem.
Like all these people are just going on these shows and Twitter pages and
saying,
we hate crypto now.
Like don't send us your tokens.
We don't want anything to do with that.
But then you've got like more crypto natives who are also doing AI projects.
And that's probably where you perhaps focus if you are in the trenches.
Other than that, from a news perspective, it was a slower day.
I think arguably the biggest news, Tether, they did launch USAT,
which is their United States-focused stablecoin.
It is their first, which will be officially regulated and established
under the Genius Act. They've got Anchorage Digital as their issuer. It's going to have
oversight from the OCC, one of the primary regulators in the US. This is also a first
for Tether. It is having a stablecoin under the OCC. Effectively, this gives them a two-pronged
strategy. They've got USDT, the biggest stablecoin in the world,
global facing, USAT perhaps domestic facing here in the US.
And if folks didn't catch this,
Bo Hines is the CEO of their stablecoin business,
former executive director of the White House Crypto Council.
Wow.
So Bo ended up...
He's a lot of, hasn't he? Council. Wow. So Bo landed. Yeah.
Yes.
Yeah.
But I think folks may have
perhaps may not have seen that.
It looks like it's already live.
Crack in crypto.com.
Moonpay has got it live.
So it's already out there on the distribution channels.
I'd be very curious to see
how this one goes.
And we're getting our mega ether Monday. see how this one goes. And
we're getting
our Mega Ether Monday.
Yeah, I buried that.
One of the token leads of
the day. Let me pull that up.
Dude,
I thought we'd start with that.
We're getting it.
We're getting our Steamy on Monday.
Wait, well, February 9th is not Monday.
I thought it was February 2nd.
My bad, my bad.
Yeah, a week from Monday.
You've got the European dates.
Yes, exactly what just happened.
Yeah, so we're a week and a half away.
It looks like public mainnet is launching.
I think, well,
not confirmed.
The assumption is the mega token will be coming.
So fluff holders rejoice.
Let's check in.
It's been a little while since I've checked in on mega.
All right.
It's pumping a bit.
So it's back to two,
2 billion or so.
I think that means everyone who,
so the,
their pre-sale was at a billion,
I believe.
So this would be anyone who's in the pre-sale unlimited size has got a 2X
on that.
If this holds the fluffles,
I want to say we're either 300 million or 500 million.
So I think the fluffles are a 4X or so here.
so not bad.
Let's check it on Monad.
I feel like, okay, Monad's back up as well.
I saw he caught a little bit the other day.
Have you seen the FUD that
Coinbase rolled out
the Monad ICO and effectively
said, you need to hold this
to be eligible for our other ICOs. We're going to
start rolling these out every month.
And they haven't rolled out any other ICOs.
So it's been a little bit of...
That's funny.
Rug is not the right word,
but they're a little lagging
in the ICO department over there.
So we'll see if they pick that up.
But make ETH, that's going to be a big one.
So January... 2026 has been a fairly be a big one. So January,
the 2026 has been a fairly busy year for tokens.
So we have Burb today.
It's not going to be a huge windfall for anyone based on the 124th nesting.
We have Infinex coming tomorrow,
or Friday, rather.
Do we have, is Infinex trading anywhere?
Free market?
I don't think so. I haven't seen it.
I probably quit.
it looks like it doesn't have any volume.
Yeah.
So it's not really trading.
So we'll,
we'll see where that one comes.
I think that's going to be a,
I wouldn't call it a massive stimulus,
but I think a decent amount of folks who've been sticking around and
playing dabbled in Infinex, a lot of patrons floating around out there. I wouldn't call it a massive stimulus, but I think a decent amount of folks who've been sticking around and playing
dabbled in Infinex, a lot of patrons floating around out there.
So that's going to be an interesting TGE on Friday.
Then Mega coming in a week and a half.
This should be the biggest one of Q1s so far.
Wild cards continue.
Who airdrops first?
I was looking at this Myriad market today.
Hyperliquid versus Pump Fun.
It's basically a coin flip right now.
Are either going to airdrop?
I think Hyperliquid.
I would probably bet Hyperliquid first as well.
I know CBB has been heavily leaning in.
If you want to get that airdrop, you need to be trading HIP3, which would make sense if they'd want to incentivize that.
Perhaps also why we've seen some of the crazy volume over there as well.
That's an interesting token to watch.
I don't know if there's really any other.
Are there other big ones known for Q1? I know we have a lot still floating around with no dates, like C, mask, all those, but no real line of sight to when those are going to come.
Unfortunately.
Yeet.
I think Yeet is coming.
Right?
Big.
Why is he laughing?
laughing.
It's such an easy response
to me with the when yeast stuff
because I just go when myriad.
I know.
And you was waiting for that one.
Oh, man.
Jupiter.
See, in the app sector, Jupiter was one of the bigger movers of the day.
Really?
That's why it was up like 15%, 20%.
What's JLP at?
Oh, God.
If you zoom in, it's not as good.
Oh, yeah.
One of our old beloved tokens
yeah 460 is not great though
right
unfortunately it's the same level
so you're even if you
if you
if you sold the inauguration and went
straight JLP
you're flat
which I guess Bitcoin's
probably roughly flat.
Maybe it's probably red.
It's down 4% or 5%.
So it's down a lot there, right?
Yeah, so it's significantly above that.
Interesting.
If I squint, I see it's painting a bull flag.
well that's
Well, that's...
what handle is that
What handle is that?
oh man
you need soul right
I think that's becoming the trickier part
of JLP
I haven't checked in on the weights
lately
was it always heavier soul
than Bitcoin and Ether or
could it fluctuate between those no it was always heavier soul I think it Ether? Or could it fluctuate between those?
No, it was always heavier soul.
I think it was based on their volume more than anything,
but it was heavier soul.
Yeah.
So it was more of a quiet day macro news.
The other one, there's now a new crypto unicorn.
This one kind of came out.
It wasn't on my radar mesh.
Raised $75 million at a $1 billion valuation
yesterday.
More of, again,
in the payment space
led by Dragonfly.
Enables consumers
to pay with any crypto
while merchants receive
instant settlement.
So that use case
has always made sense to me
where it allows,
allow your users
to pay whatever they want and then the businesses can just users to pay whatever they want.
And then the customers,
and then the businesses can just get paid in whatever they want as well.
Clearly dragon fly and others see some value there as well.
It's a pretty big,
pretty big raise.
And then in macros,
I think Elon said he's going to,
the SpaceX IPO is going to be targeting June because something to do with the
planets and the planetary alignment.
Dude, astrology coded.
I've seen some...
They're becoming a growing take
that these massive IPOs,
these trillion-dollar IPOs
are going to top markets
in 2026
across OpenAI.
OpenAI, SpaceX,
both looking to IPO over a trillion.
I think what Vlad was even chirping Dario from Anthropic this morning in,
in response to Dario's essay on AI that he basically said,
you're not calling out extreme wealth concentration.
And he's also pointing the finger at Anthropic, effectively saying
no one's getting a chance to... The public's not getting a chance to invest
in your business at any kind of a reasonable valuation versus the other tech giants like
Apple, Microsoft, Google, where folks did actually have a decent chance to get in the door.
Which is right. I mean, it's objectively true.
Like it's not nearly as much fun to get to buy an IPO at a trillion.
Then,
then lower on,
but of course,
Vlad's also incentivized for that because he's running the exchange.
So he's got his own incentives in that mix,
but I thought that was interesting.
Other than that, should we give some money away?
We kind of went around the horn, covered everything.
Let's do it.
Should we just get into it?
Dude, today is a great day to bet on sports.
Did you know that there is 18 Champions League games
kicking off at the same time today?
It feels insane.
Brother,
it's as if you guys had like 18 NFL
games go at the same time.
We're going to do the tightest lines possible, I think.
At the
same time,
same hour, same minute,
and they're all important. There's eight
of those teams that are at the same
amount of points so this is the last day of champions league before going to the next
knockout stage there's like eight teams that are at the same amount of points and there's so much
on the line it's insane this is gonna be fun to spend like, I got to spend like an hour doing my research.
The NFL has like red zones where you can,
you can watch.
They like flash to any NFL game as the team is about to score.
Are there any programs like that for dude,
the rights,
like the rights for football,
like soccer is so dumb.
Like that depends on the country.
I hear I have the zone,
the AZN or whatever,
right?
I'm sure you know about it.
yeah,
it's for hockey,
NFL and football.
They only have some of the rights,
don't they?
And that's the thing.
I don't have all of them,
right?
Mendo.
Like,
but I also,
we don't have something like that actually,
Tyler.
so tell you how,
how crazy the rights are for football,
right?
So in the UK, which has got the biggest league for football,
you cannot watch games on a Saturday in the UK.
Excuse me, what?
At 3pm, which is when the majority of the games are played on a Saturday in the UK,
none of the games are showed on UK TV.
Yeah, it makes no sense.
Because it was meant to encourage people to go
to the games.
That's insane.
It's wild.
Sometimes they purposely don't show the
games in the local country
to encourage people to go to the
stadium. I think I'm going to
bet on a bunch of games, but I think I'm also going to
do a mega parlay for fun.
It's one of those
nights. You know what I mean?
See how many I can get at 18.
It's going to be fun.
18 matches at the
same time. That is wild.
Let's pick a winner, but
it's pretty crazy.
it's pretty crazy.
It's pretty crazy.
we're waiting Wednesdays.
I forgot.
We are waiting Wednesday.
you guys seen the new Milani movie?
Which three people in the world have seen so far.
I like that clip of,
Donald Trump driving his Rolls Royce with Barron's
blasting some Taylor Swift.
It's a great video.
All right.
Charlie, let's spin it.
Let's do it.
space bar
Space bar!
wow he was really weighted huh
like
he was
dude
dude
he was really really really weighted here
look at that space bar
let's get some lamb chops
uh bump bump but i'm up here. Look at that. Space bar. Let's get you some lamb chop.
You know what, guys? We've seen the weighted thing. People lose
off that.
Alright, so
let's play some lamb chop.
Oh, man. Fuck.
Mendo, I think you got me sick because you were sick.
I wasn't sick before I met you.
You went to Barcelona.
You went to this fucking conference.
You did not stop coughing.
I know.
You were saying, oh, no, I'm not sick.
I just have a lingering cough.
I did have a lingering cough, but I woke up.
I had fever all night now.
Fuck.
Oh, fuck.
All right, space bar.
Who's with us?
How do you want to play this?
My eyes are burning.
Let's do this.
Let's do this.
He says fuck two tracks.
Don't ask us.
Don't ask us.
You ask us, we'll tell you.
You ask us, the answer is yes, dude.
The answer is yes, bro.
Oops, what happened there?
You want to ask?
We answer for you, dude.
There you go.
There you go.
There you go.
There you go.
There you go.
Clean.
That's a clean one.
That's a clean one.
That's a clean.
I love he just answered to the tracks fucking he's already there
Space bar this
That's a good once you hit that space for a few more times that's a bomb that's a part right
I mean the boss is telling you it's bar right That's a bad run. Why don't you hit that space bar a few more times? That's a bond. That's a bad run.
I mean, the boss is telling you it's a bad run.
Space bar.
Oh, cash out the next one.
What?
No, this is the other way around.
The other way around.
You play this and the next one you play more pragmatically.
Hold on. I'm not letting him cash out here. I'm sorry. I'm going to one you play more pragmatically. Hold on.
I'm not letting him cash out here.
I'm sorry.
I'm going to give you one more minute to think about that one.
We have four minutes.
I'm going to have one minute to think about this.
All right, Spacebar.
Do you really want to cash this out?
Are you sure?
Dude, you got the founder on the show telling you this.
I'm definitely going to another one. I'm probably going to
14. Oh, man. He really
wants to cash out. All right.
Mando, do we think that was
a barn run?
It feels balmy, doesn't it?
This is the first time, I think,
in weeks, guys. Tyler, you played with me three times a day
where there was no fuckery in the front half.
All right.
All right.
All right.
All right.
All-star.
Wow.
Went against the grain.
Congrats.
Put him on the all-star list.
Oh, my God.
That was incredible.
Incredible.
I'm sorry, Spacebar.
I take it back.
On behalf of me and my co-host.
We never did figure out the bonus.
We'll have to figure that out
and actually get it into the terms and conditions.
That was elite.
I love how all three of us.
Okay.
Anyway, Spacebar.
So do you want this one to the barn?
Now we go to the...
No, that's not him answering.
I saw these red guys.
He knows something.
That was crazy, boys.
Oh my God.
Mando, hands above.
He says all the way.
Show us your hands, Mando.
Show us your hands.
He doesn't want to show us his hands.
There you go. There you his hands there you go there you go there you go
don't you dare do anything man though what's going on it's bugging it's lagging
it's not going to more man though I can't click is your internet yours? Look the game the hell
Oh, maybe it's gonna kill you
Am I supposed to refresh or something maybe refresher so what happened so he was here
When three trees the balance
What just happened?
They did do a change earlier,
but it hasn't affected any of their customers until now.
We're at 1-3-2-8 still.
Oh, oh!
Good tech.
Good tech.
Good tech.
Good tech.
We're back.
Oh, my god.
Let's fucking go.
Ah, dirty.
All right.
Well, that was fun regardless.
I think he made like, what, six somethings.
He got $1,100 today.
Nice good morning.
All right, gents.
It's all in my morning.
10 am Easter Sunday time.
Peace out.
Peace out.
