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FOMO HOUR: PLEASE BOUNCE
Recorded: Feb. 6, 2026 Duration: 1:04:01Space Recording
Short Summary
In a turbulent crypto market, significant sell-offs have been observed, with Bitcoin and Ethereum experiencing drastic price drops. Amidst this volatility, strategic moves such as Polymarket's upcoming token launch and MegaEth's buyback plan highlight ongoing developments in the space, while concerns about declining confidence in projects like Rainbow persist.
Full Transcription
Music Check.
Okay, perfect.
And I think we're all good.
Let's go, Charlie.んん
ん What up, what up, good good morning good morning and
we excited every six twenty twenty five six but another good for me to have a good day
i got my co-host in house tyler good morning how you doing today i'm doing all right mean, it's nice to see some green candles out there,
although they come after some of the reddest candles in the history of crypto.
What a car crash of a day.
Luckily, I don't have any leverage on, so to speak.
So I wasn't in pain watching it, but I was just like,
how low are we going to go live in the moment?
Watching it yesterday evening around like 6, 7 p.m. Eastern.
It was quite something.
But it looks like maybe we found a local bottom.
We pray.
Yeah.
Dude, brutal, hey?
Just brutal candles across the board on, yeah.
I mean, I woke up to 65K, so it's different than you.
But I looked and I saw that we went over to 67,
to 68 and 67, so then I think you went to 17, right?
Oh, yeah.
So it's been pretty insane, to say the least, over here.
Anyways, today on the show today,
so markets, we have to,
this is going to be a heavy market show,
and then we're going to talk about Tyler's topics,
and then we're going to give one of y'all lucky peeps some cash.
Thanks to Yeet.com.
So make sure you use
the code FOMOHOUR
and you'll
be able to have a chance to
come and win some money
on the show today, like every single
day of the week.
And then I think
Ty, that's about
it. We're waiting for our quant
who is really long Bitcoin I believe at the moment. So that's about it. We're waiting for our quant, who is really long Bitcoin, I believe, at the moment.
So he's probably monitoring his own little situation.
So let's just start.
Oh, wait, we're joined by stats today.
Stats is coming at the half hour.
I forgot.
That's right.
We'll be talking to Ace Trader, your boy, 7th.
So all of that today.
All of that for another eventful day in cryptocurrencies
folks yesterday was one of the biggest crypto sell-offs in history. I think it was like a top 10, maybe even like top six sell-off day.
At one point, Bitcoin down over 15%, ETH down over 20%.
Bitcoin did tap 60.
I think it may have went sub 60 briefly on a few exchanges.
ETH at 1750.
Solana, I saw it at 69.
Maybe it touched 67.
But we have rebounded fairly swiftly from those levels.
So Bitcoin now back to 68K.
It's actually only down half a percent on the day now.
ETH is at 1970s, down 2% on the day.
It's a lot at 84, down 4%, but certainly much higher than that 67 level from last night.
I think notably outperformers hype is the story hype.
The hype Bitcoin ratio hit a new all time high yesterday during this crash,
though hype is kind of level off during this rebound.
So it's hanging out right at that $34 level.
It was a quiet day of headlines.
Basically, everyone just kind of watching the crash.
It was the highest Ibit options volume day ever that some people are actually linking to potential cause of the crash.
I'm sure we'll get into that more with Mando.
We mentioned on yesterday's show, JP Morgan said Bitcoin could be more attractive than gold over time as a store of value, especially after this last sell-off.
So they like the price here.
Gemini cutting 25% of its death, exiting the UK, EU,
and Australia. And then there was this glitch. I don't know if folks saw this. What a glitch.
A glitch on the BitThumb exchange led to hundreds of users getting airdropped 2,000 Bitcoin instead
of the KRW token that they meant to airdrop, it was a simple typo from the operator.
It led to Bitcoin flash crashing to like $55K on that exchange.
So a very lucky day for a few users over on BitThumb.
In the treasuries and ETFs, $400 million in net outflows yesterday for Bitcoin, $80 million in ETH.
I actually expected to see higher numbers than that.
Strategy had their earnings call yesterday.
It looks like maybe we'll get into this.
Say they're perhaps backdoored a little bit into setting up a quantum council.
Maybe a positive sign.
I did not tune into earnings.
They did have a $12.4 billion Q4 loss.
And Bitcoin now is well below his 76K average.
Then Tom Lee's BitMine hit a seven-month stock low yesterday as well.
I think his unrealized loss is over $8 billion.
I think they may have tapped $10.
In token airdrop protocol news, it was a lighter day.
PolyMarket's parent company did file a trademark for Poly, including plans for a token.
So it does seem like a token is coming.
We don't know when.
And then the Rainbow, rainbow token,
not the best open.
$34 million FDV, $7 million market cap.
When I checked that token this morning,
NFTs actually had a decent day in ETH terms,
perhaps because ETH is so much cheaper than it was.
Punk's up 11%, 29.9 ETH,
30 plus sales yesterday amidst the carnage.
So showing some strong support at that 50K level.
We will see if that holds.
Memes were pretty much red.
It's kind of the same runners from the past few days.
Big Trout, Butcoin, White Whale continue to be the top movers
in what's been kind of a quiet week for the trenches.
And, yeah, that's our rundown.
That is our rundown.
I'm trying to cook in the East Trader competition
I missed it
It was just 68, we're at 68-5
I'm at 68-5
We're running fast, dude
So let's talk about it
I mean, I know we'll talk
East Trader more with stats
Sorry, Bitcoin, right?
So I was watching live last night.
And for anyone who's been following me in Ace Trader, I did get liquidated. But our good friends at Ace Trader allowed for a reset.
So if you got liquidated, you got an extra $2,500.
So I shoved all in on the Bitcoin dip and I doubled my account last night and then
reentered long this morning and almost doubled it again. So I'm back. But I'm like a little
paralyzed right now, this level. I'm curious. It looks like Mando's going to join us.
This 68, 68.5 level is a tough one for me. It's. We're already up 15% off the bottom.
So I don't really have a great feel for immediate term moves,
but curious how you guys are seeing the board.
What's up, players?
What's up, dude?
We're good, man.
How you doing?
Fantastic.
Fantastic. So what do you think, uh 15 off the bottom bitcoin's known not to have too much juice in it but it looks like you're you're believing
stop looking at the price at the bottom that's what you said to me yesterday but oh
this morning i was like i'm buying a 65 but not at 60 and I'm like it was there for like
30 fucking minutes guys
I think this isn't really that much
of a rally like zoom out a little bit
a real rally
would be
it started the week at
where did we start the week?
I think so
this is a relief I think so.
This is a relief.
I think we're at least at least going to
70-72.
I would love that.
We would make
quite a bit of money there.
70-72 here.
I like it.
I think we both like it.
Tyler, you seem concerned about that.
No, I do want to comment on how fast it was.
So it did wick to 60, and I was kind of looking for the bottom.
Like, is this going to hold the bottom?
Because I thought people were going to front run 58.
Seems like they did.
I looked away for a second, and it was back to 62 in a couple minutes.
And that's where I put my first long on.
And then it was 64 in another 15 minutes.
So Mando's right.
There was very little time to get in below 64, 65.
You had to be at the desk monitoring live and quick to shove in.
So yeah, what does it show?
Where's that white line
like 64 5 ish yeah so that's basically the level you had you had some time to get in around there
but below there was pretty difficult um so now we're talking about from 64 5 we're up
six percent yeah all right um i'm gonna believe tyler
someone in one of my chats was comparing this to
of course we're just looking for other examples
it doesn't mean past performance not future
but during the one of the worst days for Bitcoin
during the COVID crash
it also sold off heavy on a Thursday
bounced into Friday, chopped weekend
and then Monday it retested the lows
so just a potential data point to think about bounced into Friday, chopped weekend, and then Monday I retested the lows.
So just a potential data point to think about how the weekend setup could go.
My gut is I do think 60 was the local bottom.
I'm not saying it's the cycle bottom,
but that was a pretty nasty move, right?
Bitcoin was 90K seven days ago.
Yeah. 30% move in a week.
Wait, no. It was
90k two weeks
ago, pretty much. Yeah.
this weekly opened at 80.
That is nasty.
We went to
$60,000. Wow. Man, the total of $70 sold oh we went to sixty thousand dollars wow man the total is seventy dollars
sold we went to i saw 69 i think it may have gone a little lower so bitcoin is now down
went down 52 from its top at some point is now down at current price 46 Wow, what a drawdown, eh?
Could this be it?
Have we bought it?
I just think that the bounce can...
If it goes down to $63k,
what do you think is going to happen now?
That's the question I asked myself first thing this morning.
What do you mean?
I think you'll get a huge amount of buyers if that happens again.
Yeah, I see that happening.
I agree with you.
So ETH went to 1750.
Did Trend Research get liquidated?
No, I think they protected it.
Okay.
So they were defending the shit out of this.
Oh, $17.50, guys.
Golly.
$17.50.
So that's down.
How much from the top?
That went down 60% from top.
Wow.
And Solana.
That did go sub 70, right?
Yes.
We need to get some quotes of me on this show, man.
Dude.
Yeah, that went to 67, bro.
I'd like to think that people have lost money watching this show.
I mean, if you lost money watching this show, dude, like, I mean, I still lost money hosting this show.
You could keep it on this show.
You could have mis-executed some trades, but no one told you to buy silver randomly.
Well, for what it's worth, I've made my entire silver loss back overnight this morning.
You've made it all your money back?
From silver.
Yeah.
So that was a 48-hour drawdown.
Lost 50 grand.
We made that on Bitcoin and ETH overnight this morning.
So I shook that off pretty well, right?
I sold my gold. even though gold pump.
When you said Bitcoin, I just swapped everything in Bitcoin.
I closed my hype at $34.50.
I closed gold.
I closed silver.
I closed everything.
And I just fucking shut into Bitcoin this morning.
So that's what I went for.
What do we think the trade is here?
I mean, what do we think?
I mean, let's talk about Bitcoin.
I mean, Mando, we don't talk about Bitcoin too much.
You already kind of lined it up.
I put on my biggest Bitcoin trade since the 93K trade on ETH.
I'm about as long Bitcoin as I was long ETH then.
Wow.
I put it on a 64.9.
I'm going for a 10% move, essentially.
I think that relief...
Yeah, I just think that the risk reward there was like...
It just smelt like everyone was like,
oh, okay, well, this was the guy selling.
There's some guy in Asia that probably puked overnight.
And then I didn't think we were going to have anything
from the Iran stuff over the weekend,
which now seems even more likely.
And I, yeah, I just think we're due a bounce.
Like I told you that it was the beginning of the end yesterday.
I don't know if we spoke about it before the show
or even after the show, but I said,
look, I think we could touch 58K yesterday.
We're talking about it on the show.
If we touch 59K,
and now I just wouldn't necessarily focus that much
on the low, that wick.
I'd just be like, is it a day where Bitcoin is going to go higher or not?
And for me, I feel like if Bitcoin starts to rally here, people will look at it and go,
okay, that was like a crazy move down.
We're going to have somewhat of a relief rally here.
So I just think that the mindset here
now is a bit like oh was i meant to buy it on that on that move and the people that didn't
are like oh fuck was that the level and um that's the first time i felt like that in a while
because it felt like it was just smashing through levels and now i already said that this was the
sort of range because we were in that range for like six months, seven months.
I think we have a good retest probably at like 70.
If you go back to where we were trading between March 2024
and October 2024, so just before the inauguration,
sorry, the election,
we kind of topped out 74K, 72K a few times.
We knocked on that door in the low 70s a few times, if you remember.
And then when the election happened, yeah, yeah.
You see how many times we hit 70?
It was 72, yeah.
It was once.
11 times, I think.
Oh, I remember that.
Yeah, it was a dozen times, yeah.
I think we're heading for one of those.
I think we're heading for a 72K retest hit.
The range was…
I've had a lot of money on it.
I have.
So, yeah, that's where I think we're going.
The range was really…
Not counting the crazy wigs, because you're right.
You should never count that wig.
The range was about 58.72
right
which is what we literally just hit
I think
I just think that that's what was
I mean obviously the trade was more obvious
first thing this morning
when it was trading at 64
but like even now
I think
I think that's
that's where this is heading
for a ret, I think that's where this is heading for a retest.
I like that.
I like that a lot. I like not basing
yourself on
that bottom
wake, right? I think that's the title we were talking about this.
I think that's
the right take. What do we think of
hype here?
We had some outperformance for the longest time.
And now maybe do we feel like there's some rotation happening?
I think that's all it is.
Hype's not going to go that much lower,
but it probably won't be the best performer on a rebound day, right?
If the whole market rebounds, hype has been the one thing that's like been doing well everything else has been doing
badly it's not the thing i i'm not but i wouldn't want to like i'm not fomoing into hype on a day
like today right fomoing into it on a day when everything else feels like crap um so i don't
think it's going lower but yeah it's just not the number one asset right now i would say i don't think it's going lower, but yeah, it's just not the number one asset right now, I would say.
I don't know.
I still think there are some pretty nasty ETH liquidations.
Like that guy at Trend Research is still 1,600.
I don't think ETH is necessarily out of the woods.
Let me put it that way.
I would not buy ETH.
It's not looking great.
But I would buy... I think Bitcoin buy ETH. It's not looking great. But I would buy...
I think Bitcoin will be fine.
Yeah.
Yeah, that makes sense.
What are you buying, Ty?
Part of the comp.
What are you longing?
I'm longing Bitcoin again for the third time.
Okay.
I'm trying to think. I've mostly been trading Bitcoin and hype.
Hype is a weird, it is a tough token to trade today.
But also the clock is ticking, right?
Like we have two days.
And like if the weekend is low volatility, if we just kind of chop,
I feel like today might be the day you have to make some moves.
I guess we'll have Sunday night, which could very well be fairly volatile.
So I'm looking at today as moving day.
It's just so hard to trade.
Much downstream of Bitcoin.
Sold at 84.
I don't really have a directional read.
Interestingly, the top mover is XRP.
It's a 14%.
Yeah.
So I was just looking.
Wow, Zeke. Man, the Zeke longs
paid off.
It hit 190.
So back to 240.
Oh, wow.
I still can't believe that Solana hit 67
while I was asleep, or 68.
That is...
Watching it live, there is
no bottom.
I love you.
There was no number that was going to surprise me.
Jeez.
Good bounce here.
190 actually went down to 184.
Sheesh.
Oops. Didn't mean
to do that.
I mean, this volatility is also where a lot
of people make a lot of money, right?
Dude, this is
such an incredible trading environment.
I cannot say this enough.
It's so fucking good.
If you have cash,
like, oh my god
I sent KBM some money
yesterday 10x'd it
10x'd it
wow that's insane
sent me a message at 3am
my time being like thanks bro
10x'd it
with the P&L screenshot
that is insane
60k and then went giga with the P&L screenshot. That is insane. Okay, he's probably
down to 60K
and then went giga
max long.
I love that.
Then went to bed.
Then went to bed.
I hope he did.
That is nice.
Wow.
Yeah.
So I guess we'll see.
There is definitely
some nice opportunities
in this market.
But that's about it market-wise.
Tyler, what else was new besides that?
This BitThumb story, I think we just had to quickly talk about.
Yeah, we've got to go about that.
Take us through that.
I think Mandel, you just shared it this morning too.
So take us through it, Tyler.
What happened?
Let me find it.
Sorry, give me a second.
Okay, hundreds of users reportedly received an accidental 2,000 Bitcoin.
A staff member meant to airdrop 2,000 KRW tokens
as a random box prize but typed Bitcoin instead.
And they all sold it.
And the Bitcoin price went down very rapidly on the BitThumb exchange.
I think I saw someone say it was like 55.
Oh, my God.
Are they allowed to lock accounts after something like that?
Yeah, that was my first question.
You don't actually get that money, right?
If you go to the ATM and they give you $20,000 and you want $100,
you don't get to keep that money.
I don't know.
I don't know. I don't know.
There's been famous cases around this
where banks faxed them
and somebody sent them like a million dollars
and then...
But this is...
Yeah, I guess they froze you out.
What happens in that case?
What do you guys think?
I mean, you sent me $2,000 Bitcoin
and I'm selling it.
That shit ate yours, dude.
I think you want to try to get it off the exchange.
Yeah.
And then what?
You get sued and that's it.
You figure it led the court of law answer that question, right?
There's something you could do.
Like you could, yeah, you could use, I do. You could take loans against it. There's a lot of
things you could do.
Someone said there's a case in the UK where
someone was sent 500,000 pounds
and he kept it and went
to jail for a year. I mean, that's typical
UK behavior, if you ask me.
Typical UK behavior, is it?
Yeah, it's like going to jail for something dumb um
that doesn't make sense let's go to jail for breathing for a minute yeah so my mom the other
day she goes to the bank and i think it gave her like two or three k instead of whatever she was
asking for and then she just went straight back in and give it back i'm like why'd you do that she's like i don't know i'm like okay that'd be good karma
2 000 bitcoin boys that's a number that you have to at least think for a little while about what
to do with it it's not it's not like you get 2k from000 from the bank. Okay, yeah, go give it back. That's fine. $2,000 of Bitcoin.
$60 million.
I mean, fuck.
That's quite the height.
Also, do they have enough Bitcoin on their exchange?
There's other aspects of this.
That's true.
Apparently, they have a ton of Bitcoin.
Bitcoin's huge.
Yeah, but it's massive.
But still, that's like $200 million.
It's like...
It's a lot.
Yeah, it is a lot.
So they sent it to how many users?
Do you know?
Not anymore.
150.
50 more.
I love that.
Mando's scrolling his BitThump account.
So funny. The other thing, I don't know if you guys saw that. Mando's scrolling his BitThumb account. So funny.
The other thing, I don't know if you guys saw that.
Fear Green Index hit 9.
Well, the CoinMarket went at 5.
Yeah, 5 there.
Is it the lowest ever on the alternative?
It's got to be close, right?
On alternative?
I like alternative just because I think it's been the oldest data, right?
I don't know.
We went lower in 2022.
We went to seven.
We may have gone seven.
Wow, look at that.
We've been in extreme fear for a long time now, eh?
Oh, we're at nine.
Single digit, boys.
Single digit.
Let's go max.
We're down there, right?
I think FTX was seven, right?
Eight.
I thought it was seven. Seven? Eight. I found a seven.
Seven on June 16th, 2022.
So, and then on, we went to five on August 22nd, 2019.
There are some bomb signs.
Like I had random friends who like never text me about crypto kind of coming out of the woodwork like oh what's going on with crypto is it like a condescending what's going on or is it more of a hey should i be buying usually it's it's condescending i think
this one was um i had another friend who actually was like oh well should i buy and then we kind of
chatted through that a little bit i've been been waiting for those. I haven't got any recently.
I don't get the condescending ones.
A lot of people in Tad5
will send you a message like that.
Yeah, Tad5 is two-year-old.
And you both, right?
Me, it's mostly like,
yo, what am I buying?
Or what am I doing? Or what am I doing?
Or what do you think it bottoms?
It's often that.
And obviously, I'm not a financial advisor, and I'm not going to give financial advice.
It's funny.
I give the same advice at $120,000 that I give at $58,000.
It's like, buy what you're comfortable with.
And if it goes lower, just keep buying and leave it.
I'm the worst friend.
I'm boring like that, you know?
That's kind of all you can do.
I told some friends to buy ETH at like 4K in 2021.
And that was my last time giving financial advice.
Yeah, it wasn't time people buy at the highs.
But at the lows, I'm like, listen, like you're buying 69, maybe set a bid at 65, maybe set a bid at 58.
I said 58 to one friend yesterday.
Maybe he hit.
I don't know.
And then he goes, do you think you can go to like 40K?
I said, do I think you can go to 40K?
Do I think you should set a bid there?
Absolutely.
Because you never know.
You know, like the dumb bit dumb type stuff happens sometimes, right?
And then all of a sudden, it all goes to shit and you get a bit.
So anyways, besides that, Mr. Tai, what else?
Yeah, a couple other headlines.
So arguably the biggest one was out of Polymarket.
So yesterday, their parent company, BlockerTies,
did file trademark applications for Poly and Dollar Sign Poly,
effectively the ticker with the patent
organization the patent does also cover crypto services financial trading platforms and blockchain
based payment systems so this very much does seem tied to an actual crypto token and not just like
a stock ticker so there is some real substance behind this. This comes after we interviewed their CMO, Matthew Modav, on Against the Odds back in October.
And he did say they want to do a token, they want to do it, but they want to do it the right way.
So we have another confirmation that a token is indeed coming.
Though timing is still an interesting question.
I think Myriad's got to mark it on. Hold on. This makes no question. I think Myriad's got a market on.
Hold on. This makes no sense.
I was going to say this.
When Polymarket announced this token before
May, 71% of
people were on the no.
I kind of like no.
Before May?
I kind of like no.
You like no? Before May? Announce?
Announce is, yeah.
You have to look at the details.
Okay, resolution.
The outcome will be determined
based on official announcements
from PolyMarketsX,
account,
or other official PolyMarket channels.
So that doesn't mean Modabra, right?
Remember, they were trying to get us
to say that CMOS said...
Then,
the announcement must clearly indicate
plans for a token launch, TGE, ICO, or equivalent.
Unverified reports, rumors, leaks, or third-party speculations will not be considered resolution.
Example, they come on Tyler's show and talk about it.
Resolution may be delayed if there is a reason to believe that Polymarket has been hacked or compromised.
or compromised. Fair.
Fair.
Okay, so they just have to say from the official channel,
Okay, so they just have to say
from the official channel
they have to
indicate a plan to launch
a token.
So the bet
is do you think, like how
far in advance of their actual TGE
plans do you think they'll make an announcement?
Is the substance of the bet.
And so part of this is when do you think they'll
actually TGE? I don't think they're going to TGE this year.
I think it's 2027,
especially now with the market action.
I always thought even before the market went south,
I thought they would wait until after midterms that they didn't want to do
anything to kind of mess up the platform volumes,
incentives ahead of midterms.
And then if you launch in 2027, you still have the 2028 election cycle ahead of you as a huge boom.
But you won't necessarily even need incentives for that.
So that was part of my reading to Matthew.
Also verbally kind of gave the impression that they're going to take their
time. So I think i'm on the no
side but but that's that's also one would i be shocked if they make an announcement by may
that poly is coming but you're gonna have to wait no i couldn't that wouldn't shock me
by any means um and then we also got some token news as the show was going live. Slight news out of MegaEth.
Isn't that Monday?
Yeah, I think it is Monday. Every 9th.
They announced some buybacks.
So MegaEth...
Oh, fuck yes, we have MegaToken.
We're getting our money back. Oh my god.
Yes. Let me pull up the specifics
here. MegaEth announced
they will use native stablecoin yield to buy back Mega tokens.
So they do have a buyback plan in place.
I would have to look into their yield projections to see how substantial that is.
I wouldn't expect it to be anything aligned with hype buybacks by any means.
But notable that they are doing that.
And that's going to be a huge one for next week.
And I actually hadn't thought about how many folks like anyone in the ICO
is going to get their liquidity back.
The fluffles.
This is going to be one of the biggest airdrops of the year.
The biggest has to be right.
I'm trying to think what else have we even had.
Like there's been, we've had a decent number of tokens, but none of them have been all that big.
So that's going to be a big one.
The rainbow wallet, unfortunately, man, that was a letdown.
I don't know exactly what my target.
It was heavily favored to go to $70 million and it's at $34.
So it's below expectations.
$7 million market
cap for a wallet token for a pretty big
wallet.
This is not FUD. This is just like my reaction.
I was surprised. Are they pretty big still though?
I'd have to look at the numbers.
I mean, I assume they're still like a top
five.
And there are five of them, right?
Yeah.
No, but seriously, I'm just wondering. Top five. And there are five of them, right? Yeah. Okay.
No, but seriously, I'm just wondering.
Maybe my brain is just so warped from just like seeing these random shit coins run to 30 million every week
that like a wallet token from a real player with a good team can't get to 30 million.
Probably, yeah.
FDV? 34. FDV?
34 million FDV, 7 million market credit.
That's a bad launch.
I guess we'll see.
It can always bounce, right? We'll see.
That does, yeah, it's true what you're saying.
That is true.
I think Polymarket is launching a token in the next six months.
Well, you got a nice little return.
If you hit the yes side on that.
And I have no insight at all.
We don't know the team.
I'm just saying.
I think they're launching this year.
I love these market conditions for this shit.
Is it the biggest crypto app ever?
Are they?
One of them?
Up there.
Well, I think that's what I saw.
I have not had to independently verify this.
That they're trading at...
The token is now trading pre-ICO at $12 billion,
which is basically, I think, the last number they fundraised at.
It's the pre-IPO shares, yeah, on Solano.
I know the tweet you're talking about.
I mean, we know how these are, right?
Take it with a grain of salt.
I mean, that's not a very surprising number to see.
Like, okay, people just pegged it at their last fundraise.
Okay, brilliant.
Yeah.
Tons of insight there.
Yeah.
Does Polymarket have this market on when their token is going to launch?
I just looked.
I don't think they do.
That's us.
We'll take that.
Yeah.
That's a great opportunity for us to take that.
In prediction markets, we kind of danced around this,
but there was a lot of escalatory tweets regarding the U.S. and Iran, like the
U.S. warning citizens to leave, China warning their citizens to leave.
But then you and I were chatting in the back room before the show.
The prediction markets say no.
No, it's not going to happen.
I'll tell you why.
If they're sending Jared Kushner to negotiate, they're bombing Jared Kushner, right?
Yeah.
it's like,
that was Mando's
entire thesis.
It's like,
he sent me the
Polymarket US,
the strike thing.
He's like,
dude,
they're sending
Jared Kushner.
Why would they
bomb him?
You know what I mean?
Because it's not
going to happen.
Will it happen later?
Maybe.
But then you're
going to kill
Jared Kushner.
It's at 14%
by next Friday.
Only 27% by the end of this month.
That's lower than I expected.
After seeing those tweets.
It is me too, by the way. I agree.
Okay, so my Ace Trader Bitcoin
re-longed. I've longed Bitcoin like 17 times
on Ace Trader.
Oh, right.
We got the man
rocking pink this morning, GM.
That's a bright sweater. I love it.
What does it say?
It takes a very confident man to wear this hoodie.
So what does it say? Is it branded something?
What does it say on the chest?
Oh, the punks.
It's a CryptoPunk hoodie.
This is the only Crypto crypto punk hoodie they this is the
only hoodie they offered at the note event so i went to the note event it looks comfy though
yeah i mean it's comfy i mean you just if you wear this to town or somewhere like that like you
the only conversations it's a home sweater yeah maybe it's a home sweater. Yeah, maybe it's a home. I mean, but then I got to talk about my wife.
Talk to my wife
about it, and she's more
cynical about pink than I am, or than
the average New Yorker.
It's a home.
I thought you were going to say she was more cynical
about punks.
Diego Armando said
homo sweater.
We got top tier people in the comments here. No, homo sweater.
We got top tier people in the comments here.
Diego, we got a special guest on the show, man.
Come on. You know, homo sweater.
I guess it does kind of sound like homo sweater.
Speaking of punks, there was quite a sweep yesterday, right?
A dozen, I think, got sold into those 50K low.
It reminded me of when when he went to 18
at the 800 uh back in june 2022 which was the low punks were 36 000 and that day uh i think about 50
punks got swept and yesterday i remember going to the punks that was like the low right uh it was
like mega sweet like giga like it was insane i was like whoa um, right? It was like mega sweep, like giga. It was insane. I was like, whoa.
And I remember yesterday I was looking at the punk.
I was like, 50k seems low.
Now, could it go to 30k?
Sure.
I mean, that would depend on the theorem, right?
If it goes back down there.
But that seems like not a bad price to buy a punk if you still believe in the thing, right?
Yeah, I mean, wow.
Yeah, no, if you think we got anything going on here.
Right?
If you're the type of buyer that doesn't give a shit.
I don't know if such a buyer exists, though.
I think we have this.
I think there are moments where people don't give a shit,
but I think right now, you know.
There are some.
Because Adam Weissman exists.
I was going to say.
There's those. I don't know who the Node Foundation guys know,
right? If they're stewards of the punks now, these guys are a bunch of billionaires, right?
That's true. That's true.
Yo, hit up your local
billionaire and ask him of sweet punks, you know?
I think it was Gary Vee and
crew that stepped in at $36K last cycle.
I think some people
stepped in for sure. We had 32 sales.
This is
the floor, but if you look at some of the ones that actually
moved. There was a cowboy
that just sold before the show.
A cowboy just sold.
Some very aesthetic ones.
People were actually...
That's such a nice punk.
That's half of what I paid for my
female.
Tyler, we don't think that way.
That was an incredible punk.
I feel bad that Tyler lost money on his punk.
Hey, it's not right.
It's a 2P&L.
You can still get your John Mayer Daytona for the rest of your punk.
I can arrange that.
You wear your punk around your wrist, at least.
I don't know.
Not here.
We're not selling the bar.
Tyler, you are back in Ace Trader 100.
You did this $2,500 buyback, huh?
I did. And I doubled my account
last night.
And then I added another 100% this morning.
What trade did you put on?
Okay, go on, Tyler. Then I want to settle something with stats here.
I have 40X long Bitcoin at the bottom.
40X long Bitcoin.
Oh, shit.
You're 21st, dude?
I'm back.
And the thing is...
I was against the buyback.
For the record, for everyone in my DMs getting mad,
I was against it.
No, they're not mad at the buyback.
I'll tell you what they're mad about.
Okay.
Buyback's a great idea because when your team asked me if they should do a buyback, I actually
was really in favor of it.
Yeah.
It's resetting the total P&L.
Yeah.
So Tyler right now is showing plus five, but technically he's plus two and a half. He's
minus two and a half because he was minus seven, seven, five, right, Tyler?
I went all the way to minus 10, so I should be like minus five. Five. Yeah. Because then, and that's another thing I want to way to minus 10. I should be minus 5.
That's another thing I want to talk to you about.
Is it by realized P&L at the top?
Is that how it's going to go?
It looks like it, yeah.
At some point,
someone with less money than me,
but that was above me.
That guy number three
went up 1,000 thousand i'm sorry a thousand
percent yeah so he uh so if you add on the negative 10 000 then he's still in the top 10
so tyler can still make it your boy's seventh my boy my boy let's go what do i kaleo on the podcast
yesterday we had him on too incredible he's in
first place and then he went he went he went hero to zero in one day you just you know it's funny
you can't stop nibbling even at that paper money just number go up is a male addiction we had uh
we had kelly on the show so we we we we were talking to you i think and he was first and
they were like let's have
him on tomorrow and by the time he came on the show the next morning he was already last damn
yeah fucking ben well ico and i though are gonna fight this one out for the myriad market
yes so ico was 11th and i'm seven wow and as you know there is a Faroq versus ICO market here
On who
It's like Mirad versus Calci a little bit, right?
Yeah, there you go
There you go
But look at this chart
So it's pretty wild
And then Tyler
You're pretty close to easy, you know?
Well, I'm going 40 places above him because he just went red.
Easy is one guy who is not pumped about the buybacks.
He's like, I was trading very conservatively,
and then suddenly all these people who are aggressive passed me.
All right, so I want to address that.
All right, let's go, Tyler.
We got $2,500.
So, like, yes, that was a nice lifeline.
But a lot of these guys were just sitting on 10 K waiting to make a move
the final day. I actually think I like it from the ACE trader side of creating
more, like you want to see more people do trades to increase competition.
That's true.
And that's exactly what this does.
And it's not like we got an extra 10 K,
right?
I mean,
the FedEx did that.
And instead they give you a whole 50 K.
So what A-Trader did is just give you 25% of your initial.
I think that was a great idea.
And it makes it more fun.
Yeah.
I think,
I think Kyle,
I think that's a good point,
right?
Like you want people putting stuff on.
We want a lot of volatility.
You know,
I think there's kind of a sentiment out there that in these games
if you just let everyone else bust out then you're going up against 20 people instead of 100 people
because everyone busts out in these like highly leveraged games so yeah maybe maybe the purpose
here was to kind of minimize that they made that decision i i voted against it but they still
decided to do it so uh the man in the pink hoodie doesn't have that much power i guess yeah well the
man in the pink hoodie you know it's gonna enjoy, I guess. Yeah, well, the man in the pink hoodie,
you know,
is going to enjoy this
because we're killing it.
And Tyler,
you got to join me
in the top eight
so we can both fucking
go through, baby.
You know,
I'm cooking.
Had I not close
that Bitcoin on right now,
I'd be first,
which is really annoying.
But I close it real quick
and it three times.
Let's go, Bitcoin.
It was at $68,000.
Oh, shit. $68,000. Damn it.
$68,000. That's $69,000. Holy moly.
I had the long one and closed it.
So that's not
bad. You just got to get yourself in the comfy...
My goal is to get myself a little more
comfy. I don't like the fact that the guy with
the P&L above me,
in five
and six, right?
You guys have 16K realized.
And I'm seven and eight.
We're too close to these guys.
So if I can get myself here,
I'm going to stop trading, you know,
until the next stage.
Yeah.
Wait, so you started.
Okay.
Yeah.
You're 26K.
Yeah.
I'm more actually more. I probably have more now now let's see uh i didn't realize it yet i've been long gone this
guy two sharts is killing it yeah dude he's really killing it he's been on my timeline for a long
time he's a he's a long time meme coin holder and uh yeah i'd love to see that guy do well
and the next step is next week that guy two shorts actually makes
custom guitars he's got a sick website yeah sick a sick instagram and makes custom guitars full
time so yeah his instagram shows the whole process they're pretty dope so that's awesome let's get
the guitar maker let's get the guitar maker at w that'd be sick well he can win the this this one
he's not winning the whole thing i am he's got he's got to get in the way of the Persian-Canadian,
and no one wants to do that.
Listen, two shards.
You know, I'm going to make it three shards.
So that's exciting.
So next steps will start next week, right, Stats?
Yeah, next week is the round, yeah, the Elite
8. It's one-on-one competitions,
head-to-head.
I don't know if I've ever seen that format, like
a head-to-head trading tournament. It reminds me
of those basketball games
at, like, carnivals where you're just, like, shooting,
you know, you have all the balls, and then the guy's next to you
and you can make more. Yeah,
there's just 30 minutes of trading. It's gonna be an
interesting format, so I'm pumped for that. I do want to see you in it for oak though i think i
think like you'd live stream that like like a boss i'll be in hong kong too dude so i'll be out there
fucking nighttime just you know maybe that's the whole team is that's why the decisions get made
i think it's the night of our event i'm gonna be a little tipsy it'll be fun you know what are you
doing in hong kong i'm going for consensus oh. I'm going to be a little tipsy. It'll be fun. You know? What are you doing in Hong Kong? I'm going for ConsenSys.
Oh, crazy.
Yeah, yeah, yeah.
So we have a little event that we're partnering in.
Like we always do with Oros, you know, and Co.
And then, you know, ConsenSys is a big business for us, right?
Always.
I mean, you know, Hong Kong is.
That's crazy.
Oros.
Do you know how you used to work for Oros?
You worked for Oros?
Yeah.
Who do you?
Yeah.
I didn't.
So Oros used to be a company called Kinetic.
And Kinetic was based in Hong Kong.
And when I left Uber, I joined Kinetic.
And I worked with Kinetic for like six months.
And then I left.
But like all those guys, the guys who were doing kind of like the prop book spun off
and created Oros.
But we used to be the same company, shared an office.
I like those guys.
They're very, very, very good people.
Really like them.
And there, Ben Roth, is he still there?
Ben Roth is the CEO.
He's out in London, I believe.
But Jason Atkins, who comes on the show quite a few times uh we should get him on
he runs a shop and and he he's one of my best friends i was like i think he was there after
i left because i don't remember him i just remember ben so he uh we partner with them
every time we go to hong kong they're pretty pretty tight in with myriad and co so it's
pretty good um and it's exciting all right well that's exciting so i'll be next week live from hong kong uh i'll probably be with your folks hopefully
the meme land folks and stuff all there i mean a lot of guys yeah the team even though most of
the team lives in hong kong like everything is done remotely so yeah like they don't even have
an office they never get together even there like once a year. It's crazy. I love that.
Yeah, it's tough.
I mean, we do have a local office too.
And I'm guilty of not going there often because I love my home office.
Yeah.
So, you know, you get cozy, right?
I like the home office, but I need movement.
So like, and I got this new dog, as you guys know, I've been talking about her.
I take the dog with me to the coffee shop.
You know, she just sits on the bench.
She's so chill. So yeah, I've been going to the coffee shop. Can you come back every two weeks to check in on the dog with me to the coffee shop you know she just sits on the bench just she's so chill so
yeah i've been going can you come back every two weeks to check in on the dog yes check this out
and let's see if i can show you i even got a i even got a bed like a dog bed so she can hang out
in my office and you see you're such a typical dad bro you're like a meme man yeah dude no i mean
same with the Iranians.
It's the same with Persians.
It's like, so Iranian parents
don't really like animals, right?
Yeah.
And so like,
it's always the same.
Like the Persian dad
hates the fucking dog
and then he ends up making his.
Yeah.
Like mom's biggest nightmare
is that my little brother
one day gets a dog
and we always joke with her.
It's because if he gets a dog,
she'll be the one fucking raising the dog. Yeah. Well, that's the thing thing with us so my wife had that fear and my wife's like we can't get a
dog so i was like i will do everything so i do everything for it like my wife literally doesn't
know how to let her out so like i do everything for the dog so now i've had enough for the kids
the more you give the more you receive though right like so i i'm training her i'm working
and then you like her more you know because she can now sit for you.
Diego, I'd love to show you the dog.
Maybe I'll go get her a little bit.
No pink hoodie.
You got the dog three days ago.
Shetson's asking.
Not three weeks ago.
I got a while ago.
Shetson's asking.
Meaning he was on the show.
The dog was on the show three days ago.
Exactly.
Exactly.
Yeah.
Does the dog have a pink hoodie?
That's a good idea.
I might have to get one.
I actually, after the Punk note event,
I ordered a hat with my three punks embroidered on it.
Sick.
I'm excited to get that.
Let's see how that goes.
I love that.
All right.
Well, that was fun.
How was that event?
It was dope, man.
I mean.
It's true.
It was fun.
It was a really fun event.
I mean, I think at this stage
like it used to be you know you'd see like matt and john the founders of punks and people and all
you know i think i actually think reed hoffman was there like there were a lot of you know uh
canvas like you see all these like huge guys and i think there used to be snow for like so much
excitement now it's just like i think with nft movement kind of in such a different place like oh let's just hang out with the bros like it's just kind of
like hanging out you know but i like out you know i'm like a nft and crypto punks are kind of my
gateway into crypto so that's kind of like my favorite audience is to go spend three days with
people who are into punks but things like that it's very hard to get through. What is Cam Bass' handle again? Cam Bass, no?
Yeah, it's Cam. Or is it Mickey Malka?
It's K-A-N-B-A-S underscore.
And underscore Mickey Malka.
Yeah.
Yeah, because Cam Bass,
I mean, Cam Bass was his,
was his, like, collector name
before he docks,
but Mickey Malka is his, like,
docks name.
Wait, you got something to sell him?
I thought, who was the guy who was like a DraftKings guy?
No, it was Kalish.
Kalish.
Different.
Very different.
Yeah.
Yo, Kalish, I know a casino.
You can get it for a couple billion dollars.
How would you guys respond to this poll I put out yesterday?
How are you dealing with this bear market?
A, it's brutal.
B, I'm down but surviving.
Three, no big deal at all.
And four, I'm short and thriving.
What would you guys say?
All right, let's go around the horn.
Tyler, go ahead.
B, down but surviving.
Down but surviving.
Mando. Mando.
Mando's probably thriving.
I'm doing great.
Full-fledged all-time high.
I think I retweeted it, Tyler.
I think it's at the top.
Yeah.
Yeah, Artita.
He's doing great for fully all-time high.
Great.
He's thriving.
Yeah, I retweeted it.
There we go.
I'm surprised how many people say no big deal at all.
Like, is that people who are just like,
I got in so that for this volatility, I'm Teflon?
Or is it people who like don't have much exposure
or just people who are lying?
Because the end of the season, who doesn't care?
I think a lot of people lost exposure in 1010
and or started reducing after that.
Besides like funds and stuff.
And I think a lot of...
I mean, the people listening to our show probably did, right?
Like we've been saying like, yo,
it's going to be like, you know,
let's put the buy button away for a minute.
Where am I?
I don't know where I'm at.
I guess I'm down with surviving, dude.
I mean, it's different.
Like founder mode is like whatever.
It's like, fuck you want me to do it, dude?
You know?
Like, still got 45 people salaries to pay at the end of every month, right?
So that don't change.
Whether Bitcoin's fucking 58K or 126K, right?
I mean, I used to ask my followers, like, what percentage your wealth is in crypto?
And more than half had more than half.
So I don't care if you got in at 10K, if you got in at 1K, if you got in at 100K.
Watching your wealth go down by 50% is not fun.
It's not fun.
Unless you're just like absolute Yoda.
Yeah, this is where I'm at.
I've accepted it.
I mean, this is only my second cycle.
They say, what's first cycle?
You do it all.
Second cycle, you kind of make some more and learn.
And then third cycle is where you make it big.
So I'm kind of living the meme.
You know, first cycle made a fuck ton of money and lost like everything.
Second cycle.
Also, they're really good and done much.
If I count from top P&L,
you don't count from top P&L
and third cycle,
we got this.
One last cycle
to the AFK.
You know?
Fourth cycle's a charm.
Fourth cycle's a charm.
There's a church
not far out from my house.
Maybe I'll just go there
and say that over there.
Anyways, with that being said, should we have some money?
Stay with us. Let's give some money away.
I love that.
It's my last show for a bit.
I'm not going to be on for a minute.
I'm not going to Hong Kong next week.
Mando, Logan,
Ty, you guys are taking over.
You don't hang next week?
No, I'm in Hong Kong.
Nice. Nice.
Nice.
Nice indeed.
With Ovi.
Yeah.
With Ovi.
What do you mean to, dude?
Time to stop fucking buying.
Dude, what is he doing?
He's like, oh, yeah, if I were you,
I would be buying here.
Bitch, get your fucking keys
and start buying yourself. I mean the Asian, if I were you, I would be buying here. Bitch, get your fucking keys and start buying yourself.
I mean the
agent, but I don't mean Ovi.
Ovi's been calling for altcoin season
all the way back now.
He's got his altcoin
to worry about, alright? Be nice.
He looks relentlessly bullish.
And by altcoin season, he means
wrecked coin season. I know.
He doesn't want to say it like that. He's like,
you should buy alts.
The problem with saying alts,
I mean, it's like, what are you even talking
about? What are you saying? You should buy small
cap snacks. Which one?
The term alt
makes no sense anymore. We need to get rid of it in crypto.
It's over. Yeah, just stop saying altcoin
season, bro. Just say buy rekt. Just keep
on saying buy rekt. Just buy rekt. That's all you should stop saying altcoin season, bro. Just say buy Rekt. Just keep on saying buy Rekt.
That's all you should be saying, Ovi.
Actually, that's not a bad, you know, NFA
DYR, but Rekt is not a bad
buy here.
Yeah.
Hit it. I saw you say that this morning, man.
Don't.
Crazy.
Dang.
Who won?
Too Far Gone.
What?
Too Far Gone Art.
I feel like I've seen this name.
He's a homie.
We hung out at our house back in 2024.
Yeah.
I think he's won once since then.
Yeah, Too Far Gone is one of the lads.
Too Far Gone is one of the lads. Too far gone is one of the lads.
Well, Bitcoin went to 69, eh?
Yeah, it did touch 69.
Too far.
I hope you're still here.
Is that why you left, Mando?
You want to take your Bitcoin trade?
No, I'm sorry.
Speaking of the investor.
Mando, I'll see you in a few hours, no?
Indeed.
I don't know. Tell me he's here. I like a good night. in a few hours, no? Indeed. Oh, no.
Tell me he's here.
I like a good night.
I like a good night
with Man, though.
Pause.
Dude, where is
Too Far gone?
Don't tell me he entered
and he's not here
because I can't let him
win if he's not here.
Oh, wait.
It's a sub day.
Wait, it's sub day.
He was cheering.
It's a sub day.
Hold on.
Sub day may not
need to be here.
Hold on, dude.
I think it's all subs.
Charlie, can you answer in the chat, please?
I know, I know, but I think sub day, we don't...
He's there.
Charlie says he's there.
Oh, he's here.
All right.
All right, lamp shop for you, Too Far Gone.
Pick what you want.
Let's have some fun.
Big red guy.
Mando's back, so he went to fix the RTP real quick.
You know.
Hands up, Mando, where I can see them.
We doing lamp chop?
Easy tracks, let's go.
Easy tracks, let's go.
Hands up where I can see them.
Bo's off in the second run.
Mando, hands up
where I can see them.
Okay, one second.
Keep your hands there.
Put your hands up
only when he wants to go.
Hold on.
His hands are up, lads.
Too far gone.
That's terrible.
Look at Mando's hands. I love that. He's like my hands that way. You crack me up dude. Mando is the wolf. One pass the tree. That's
five. One, two, three, four. All right. This is Trax.
That's a tracker.
Dang.
We are gone.
We are gone.
Trax.
Man, you love your stash.
Trax, all right.
Boom.
Come on.
Boom.
Knock him out.
Oh, no!
Mando!
Portfolio all-time high, baby.
Mando's so smug.
He's just like...
It's almost like he programmed it.
Oh, God.
To be fair, people have been winning a lot recently.
They've been winning a lot.
Should we do one more?
Scott!
It's so bad!
We just win more!
But the one more we get to pick for him, right?
Yeah, we pick.
What do you want, Mando?
To the tree.
To the tree, at least.
To the tree.
One.
No way.
Oh, my God. To the tree. One. No way. Oh, my God.
These fucking casinos, man.
One more?
Did you have your biggest volume day yesterday?
All right.
We run it again.
Come on, rich people.
Give him more money. I love how he's already got 500 bucks, but we have to run it again. Come on, rich people. Give him more money.
I love how he's already got 500 bucks,
but we have to run it again.
To the trade.
Yes.
To the tracks.
Come on, track it.
What do we all think, guys?
Fuck this.
Just track the guy, bro.
He's already made a solid one of the bucks.
Tracks.
Sally, what do you think? Yeah, it's got to be tracks. Come this. Just track the guy bro. He's already made a solid box. Trax. Telly, what do you think?
Yeah, it's gotta be Trax. Come on.
Come on!
Take the money. Take it.
Take it. No, catch it out.
I've never seen one.
Second cactus.
Okay. So which one?
Which one is second cactus? So this here?
It's 1130.
No, the one just before.
1130.
Oh, okay. So it's 1100. So is just before 1130 oh okay so it's 1100
so is there a rule here
if you can get nothing
oh baby
oh baby
come on
let's go
cashman
cashman
1130
what do you think here boys
I think he dies
in the next square
I don't care
he's got his money
he got
two free runs.
He's meant to go home after that.
We were about to wrap the show
and you said one more.
It's like...
What do we think here, boys?
Listen, I even stopped sharing my screen
and I said, we're out.
I mean, Lockstage is out here.
I got shit to do, guys.
I got places to be.
I got people to see.
I need a shower. I'm going to have a miscalita.
One more for the
1.5?
That's what you think.
I don't even know the rules.
If he cashes out, he takes it.
He takes $1,100, right?
And if he doesn't, he gets nothing.
If he doesn't, yeah, exactly.
What do you think? $500.
He's still got $500, dude.
I think he's going to die on the next score.
Do you know?
Mando, why are we dealing with such bitches today, dude?
It's like Bitcoin's at $60,000 in here.
Come on.
It's almost like Bitcoin.
Bitcoin's about to be $69,000 again.
We're about to pass the last all-time
high, guys. Relax.
What do you think, Mando? One more, right?
One more. One more for sure.
Come on!
Oh, God!
Oh, my God!
I tried my best too far gone.
I tried my best. far gone I tried my best Oh my god
All those little bitches Farouk was talking about
Farouk's left the show
Farouk's left the show
on that one
If Tyler wants to stop gambling
and Tyler's a degenerate we know that
then you know it's your signal stop gambling
That space is a key space.
That's the death spot quite a bit.
I'll get you a beer too far gone or three.
Well, he still gets 500 bucks.
It's not bad.
The reason I don't feel as bad is because there was one free run
and I pushed you
to give a second free run.
So he had, you know...
And also, if we had burned it,
we wouldn't have felt bad.
It would have made...
But, you know...
You have to live and die
by the sword of this game.
You have to live and die
by the sword of the extra role as well,
which is...
Wow, we're getting paid
so much to long Bitcoin right now.
Are you seeing this, Mando?
The funding?
I don't know, dude.
I'm making money funding this thing.
I'm not looking at the funding that much.
What are you thinking?
$71.5?
What do you think?
I got my sell at $71.5 for the whole amount.
For the whole long.
Cheeky Shast Green or no?
What? So do youy Shast Green or no? What?
So do you want Shast Green?
You, maybe.
I'm not Shast Green.
Oh, man.
Well, my ace trader long must be insane.
Anyways, with that being said, guys,
I will see you in a little bit.
Tyler will be taking the reins next week.
We'll see you on Monday, 10 a.m. Eastern.
Sam, thank you for coming.
Thanks for having me. Peace out.
Thank you.んんん
んん Thank you.
