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FOMO HOUR: SANTA OR NO SANTA???
Recorded: Dec. 15, 2025 Duration: 0:55:40Space Recording
Short Summary
In a dynamic crypto landscape, significant developments include JP Morgan's launch of a tokenized money market fund on Ethereum, the SEC's regulatory clarity for tokenized stock offerings, and the ongoing challenges in the NFT market. Meanwhile, new token launches and substantial growth in privacy tokens like Umbra highlight the evolving opportunities within the space.
Full Transcription
The End Thank you. Check.
Perfect.
All right.
And let's just kick it, Charlie. Thank you. so
yo yo yo yo yo what up what up good morning good morning gmg Weesh, Monday, Monday, Monday, December 87th.
It's 15th.
15th?
Yeah, 2025.
Look at that.
Another beautiful day to have a beautiful day.
I got my co-host in the house, Tyler Mando.
Good morning.
How are you guys doing today?
Good, man.
Hopefully going to win this tournament.
You're looking good, I hear.
Well, I can't even see
right now.
I mean, I'd like to hope I think I'm
number one.
Everything's...
Let me see the synthetics chat right now.
Cosmic had like 860k the last time I looked.
So if you're...
I'm at 960 now.
920.
It's swinging wildly.
This is the point.
I don't even know what's going on here.
In the chat, a few people are seemingly saying that it's down at the moment.
I'm probably fully liquidated.
What?
We'll keep trying to refresh it.
Hold on. It's not working right now. Oh. Uh, it's, hold on.
It's not working right now.
Oh yeah,
it is not working.
There's eight hours left of the tournament.
So we'll,
we'll get there.
We'll get there.
Hopefully it works at some point in the show.
Today's the show.
Markets.
whatever is left of them.
News.
Whatever is left of that.
there's a few things I guess.
It's like really slow. It's weird. There's actually is left of that. It's like really
slow.
It's weird. There was actually kind of a lot.
Oh, was there? Okay, perfect. I tapped
out this weekend, so I guess
we'll hear it all
from Ty in a minute here.
And then it's true that everyone's getting the last
news in, right? Because from next week, you can't put news out
because it's like fucking New Year's Eve. I mean,
Christmas, New Year's Eve, everything. So, news.
Yeah, we'll give
some money away. The money away to the
lucky winner, yeet.com.
Make sure you sign up using the code
FOMOHOUR. I spent quite
some time with the Yeet designer this weekend.
Again, working for you guys
trying to get the RTP up.
You know?
Love that guy, by the way. Fucking stellar lad, up. You know, love that guy,
by the way,
fucking stellar lad,
Sasha stellar,
stellar guy.
But,
but there's that.
And then I was playing Omaha flip at the Arsenal games,
which was fun.
Cause Arsenal can't score for shit.
So I had to stay occupied.
And then, and then,
last one is the show is powered by Eigencloud.
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And this week, this week only, we do have a little special, I'm told.
I am told in my ear here.
Let me ask if I have a proper production in the back of that.
I'm told. We have a little my ear here. Let me ask if I have a proper production in the back of that. I'm told.
We have a little special with Mexi.
Look at that.
It's going live on the timeline soon.
I believe that Mexi is offering everybody some prizes.
You know, you can qualify for prizes.
All you need is $100 deposit and $2,000 in trading volume.
Sounds like that's really nothing. Um, which is easy
to reach with futures. Uh, so, you know, a hundred dollar trade on 20 X, boom, $2,000 volume,
right? That's what you got. And you'll be eligible for prizes. I believe you have to
use the code FOMO hour, uh, to, uh, get in as well. So same as, uh, same as, uh, same as, um,
same as, uh, here on the code side.
It's pretty simple.
Actually, you also get $50 bonus right away.
So make sure you go there, make an account, deposit, blah, blah, blah, blah, blah.
All that good stuff.
Mando, Mr. First.
Let's see what you got for us, thing.
Who is the man, macro daddy of the land?
Can you dig it?
GM, everyone.
Yep, we are back.
It does feel as though we were kind of rugging over the weekend,
and then we rallied on Sunday night,
and then seemingly like it's just kind of rugged us again at the US equity market open.
We've had a couple of shaky sessions for AI stocks,
which I think has not really helped.
But yeah, it feels like we're testing new lows here,
at least at the moment, on some stuff.
Bitcoin is, oh God, it has broken through 88 again, hasn't it?
Yeah, it's right there.
It's, oh, wow, can I wait to 87.4 for a second?
Oh, it's, yeah.
88 has been like a bit of a long-term support for it.
We did go through it for the second time in 24 hours,
but we have bounced again.
It was a slightly lower low.
It looks like at least on the charts that I'm looking at.
So I would watch out here still,
you know,
I'm still sticking to my guns.
I think we're going to have another test of around 80 and,
and congratulations.
If you're short of Bitcoin above,
$92,000
I think it's going to be the first test
if you want to take profits at this level
88 was the first kind of level I said
that would be defended
it got defended last night
we've then gone up and hit a lower high
and then heading back down there again
it looks like today
so not the clue
I would say right now
and yeah looks like today so he's not the clean volume i would say right now and uh
yeah there's not a lot there that makes me that bullish look at this what are we doing here
yeah i think we like without sounding overly bearish i think think we need a test. Even if you're bullish,
you need this test of ACK to work out if it's going to be a strong,
yeah,
a strong bottom.
so here.
Yeah.
Got it.
Exactly.
I think you need that in my opinion. that's why i've been like i don't
i'm not even that i'm not don't have like too much of a long-term bearish view to think that
you need to you need to hit that um and i continue to kind of believe that so i think there's a
chance that we uh we go down towards that level today or this week. If we lose 88K, the next level is like 83-ish.
And I think that would be the next level of support.
Is that 74 after 80 if it's not supported?
If we get through 80, then who knows?
Yeah, it would be like the April lows.
So it would be the next level.
But the one I'd look for now
is the low that we kind of hit recently which is like 83k area um if we break this 88 level okay
fair enough
well uh i guess why are majors treating like a 30% bundle pump funds shitter?
That's so funny.
Or not.
But, yeah.
It's not great, boys.
I've completely tapped out of weekend price, actually, in person.
I don't know about you guys, but weekend's just so boring now.
I think you've been watching the show.
Hopefully, you've been following the trades that we've been saying.
Honestly, yeah.
So I don't really...
Yeah, it sucks, price action, but I think it's been semi-clear.
Something like this was...
Well, not clear, but definitely I've been saying it.
I think all of us have been,
I mean,
apart from Tyler,
who's,
who's,
who's bullish for every chart,
you know,
I see a lot.
I see a lot.
But overall,
I don't think we've been like,
oh my God,
this is some incredible time to be all in on crypto.
I've never heard more sideline.
You guys are protected somewhat.
But I also don't think it's that bad.
And it can get a lot worse.
So if you are fully invested,
I would also be like,
I'm not saying sell everything,
but this could go to 70 if it does break through 80.
I don't think it will this year.
But also like this sort of mentality of,
oh, it's, you know, it's already down.
I don't want to materialize a loss.
Like don't lose.
I know.
That shit sucks.
I've been there.
That's when stuff happens.
Because that stuff can be really bad when that mentality kind of sets in.
Yeah.
Anyway.
This is true.
So that's really it.
I mean, I want to talk about this tournament, but it ends in eight hours.
But I think it's maybe down still.
So maybe we'll give it time, maybe by the end of the show.
It's just that, Mendo, you're here for the top part of the show right now so so you're
working with a great time I think I'll eight hours like I know it's down right
now which is frustrating but are you first no you're not you're half it is
broken yeah I don't even know I want'm on about $900,000 right now.
Fuck.
What? Did people bet on Mando?
We told you guys.
It's all down completely.
We can't even see your team.
Oh, yeah, you did? Oh, you have just four people?
God damn it.
I don't think this is up to date. The 500k here.
Okay.
I mean, if you're watching the show and you have some capital can you can you invest in me at that level mando's team like you can get a share
the snx pool uh i'm actually blocked i was trying i think because i've got my own team
ah yeah it makes sense um or i'd be in there. Yeah, you guys can join Mando's team.
I mean, here you go to learn more.
It's right there.
It's a new way to win together.
Shout out to Tom, who's working with us on this.
And you have a share of high for a million SNX,
which is still quite a bit of money, man.
So quarter million dollars, right?
Yeah.
So could make your Christmas, honestly.
Like, just deposit
and share
the glory with Mando.
Yeah, share it with me,
lads. It would be nice
if I won this. I would love for you to win.
It'd be nice
if we could sweat it.
I really want to win. I mean, listen,
you know, personally speaking, I had to go to a friend's
birthday party
this weekend, and I wanted
Mando to know what it's like to be a top three
trader on CT. So I
kind of let it, you know, I let loose.
I didn't want to, you know.
And now I'm so proud.
My boy is going to win.
So next tournament, Synthetix 3. I don't know if I'm
going to win. My risk is like max. Yeah, but you're going to win. And win, you know? So next tournament, Synthetix 3. I don't know if I'm going to win. My risk is like,
max.
Yeah,
but you're going to win.
And then,
you know,
Tyler,
Synthetix 3 is all new,
Tyler.
We're going to take a step back
and you're going to have to
take that one home.
Tyler needs a Synthetix tournament,
but just for shit coins.
He would cook that.
Yeah.
Yeah.
Pump fun.
Early pump fun
scouting tournament.
Right.
Exactly.
You know,
I'm surprised none of the
trenches type apps have done
something like that.
Like a shitter.
These training comps are a lot of fun.
It's a good way to get
folks into your protocol.
I guess you can make them
kind of expensive, but what are some of the marketing
buttons for some of these teams?
I bet they're similar.
Synthetics is giving them about two mil over two tournaments okay so a million is it was a lot but like this one is half a million at least and still a lot but it doesn't
have to be necessarily that size but i guess that's the point of even 100k dude like 50 to 100k get a
partner like we're we're going to do something like this.
Like, a prediction tournament.
Wow.
Wait, you're probably first.
I mean, I hope I'm first.
I'm fucking sure.
It's all... I mean, Cosmic is the only
person close to you, but
I can't see if they have a trade-on.
That this is the sweat. This is sweat.
Come on. Look at that. I'm about to get fully licked. I went super long yesterday. I was
like, fuck it. Everyone's short. I'm going mega long. So any minute now, your boy is
going to get fully licked. Yep. 95% liquidation risk. Gents,
it was a pleasure to participate in this tournament.
It would appear short as the trade
for the final eight hours.
Bitcoin 87.2.
Who's short Doge?
I was like,
who the fuck's buying Doge?
No one.
Oh, I can see. Hold on. The trades are loading.
Not the leaderboard, but the trades are loading.
Okay. Hold on.
This is loading. I see the trades.
I see the trades.
I don't know if it's
accurate.
I see his $11 million
doge short.
Holy shit! $11 million dough short. Holy shit!
$11 million
dough short!
And a $2.5 million
East dollar short.
You got something to say about that, Tyler?
What?
You got something to say about that
risk tolerance
it's the
UPNL showing negative so I think it's
oh my god this person is a 13 million
dollar ETH long here
chartful with the
Ethereum long as well
oh god
yeah a lot of money on the table here
a lot of money on the table here.
A lot of big positions on.
Well, this is where you got to go for it.
What's the name of the other guy that was first?
What's his name?
Cosmic.
Cosmic?
Now, he's flat.
Yeah.
So, looks like he's flat yeah
okay I thought it was 17 million
yeah let's see what the heck goes down
well Mando looks like
you're looking good Mando
looking good
listen chat
Mando's about to win
love to see that
shout out Synthetics
we're gonna take it home
for my boys
you know the vibes
market wise
I don't think there's much else to talk about, right?
Looks like...
So are we over the Santa Rally conversation?
Can we just...
Are we calling it quits?
Because that's the topic today.
Santa or no Santa.
I think if Santa Rally would have happened, it would have been like a week ago, right?
I think it's...
It's over.
I don't know if it's over.
It depends what you're worried about.
I do not think we're going to get a material rally.
I think we're going to hit ADK, and then that's kind of going to be it.
Grinch rally.
That's what we're going to call it.
If you want to call a Santa rally the opposite of a Santa rally,
then yeah, I think we can do that.
Yeah.
We're going to a Grinch rally.
All we have to do is short, right?
Exactly.
All right.
Let's move on from that as Bitcoin is at 87.
ETH is just flat three.
Solana 128.
So all the coins are back at their infamous support points.
And we'll see.
Shall they bounce or shall they not?
But Tyler did say it was a big news cycle.
So let's go there.
Yeah, folks, crypto majors are selling off rapidly here this morning.
Bitcoin down 2%, 87.2.
ETH down 2%, 3,013.
In danger of losing that 3K level.
Solana down 2%, 128.50.
Really no breakpoint pump at all for Seoul last week.
In headlines here, a few out of the SEC.
The SEC issued no action letter
allowing certain tokenized stock offerings,
giving some new regulatory clarity
for this new on-chain asset class.
The SEC also issued an investor bulletin
explaining the basics of crypto custody.
So now kind of going out of their way
to share more and more info on crypto.
The OCC as well granted national bank starters to Circle Ripple and other crypto firms.
So three pretty big headlines there from more of your TradFi world.
The UK proposed legislation to bring crypto under its full FCA regulatory oversight.
Meanwhile, Vanguard's Quant Equity head compared Bitcoin to a digital Labuba, even
as Vanguard is opening up their client access
to crypto here in the
near future. And Netflix,
for you folks looking for
shows to watch these holidays,
they have a new crypto-themed comedy titled
One Attempt Remaining, starring Jennifer Garner.
The Diddy show is cool too.
In Treasuries and ECS, busy morning.
Saylor bought another billion dollars last week at a 92K average.
It looks like Tom Lee bought 100,000 ETH last week.
And they still have a billion dollars in cash.
Strategy did stay in the NASDAQ 100.
We'll see what happens with the whole MSCI index here in January.
And then that Eric Trump American Bitcoin, they bought another 260 Bitcoin.
They now hold about $450 million worth.
Token airdroping protocol news, Koushi, integrated into Phantom Wallet.
Hyperliquid announced it's bringing up a portfolio margin.
So you'll be able to unify spot and perk balances.
For greater capital efficiency, what could go wrong?
Fogo canceled its $1 billion ICO.
They're now shifting preference to an airdrop.
Harmonix announced its HAR token TG coming December 18th.
That's Thursday.
PICE announced token buyback program using one-third of their monthly Dow Treasury.
Camino introduced six new products.
They're trying to go full stack DeFi platform.
And then Sports.Fun shared new information on their ICO coming tomorrow as well.
And token memes on chain.
The memes were flat over the weekend.
I'm sure they're red right now.
Umbra was arguably the runner of the weekend.
It ran 20x.
A new privacy token, privacy protocol building on Solana. went from $0.08 to $1.90.
So pretty huge move there.
And then Humidifies Wet token rebounded 40% overnight back to $270 million.
So some real protocol tokens having some success over on Solana.
In NFT news, don't check prices once again.
You thought it was bad Friday.
It's even worse now. And then Moonbirds
teased their Burb token coming
early Q1, 2026.
And the NFT
sold off on that news
as well. So, rough
market for NFTs, and that
is our roundup.
Can I ask a question?
Of course.
Where's the pump fun, people?
Like, so it just hit me.
I know you got, because you were chatting about this before the show,
then I kept it for show.
It just hit me that pump fun and like no break point.
Like there's nothing going on.
Yes, Jakey's doing his stream and stuff.
Obviously, always doing his PumpFun stuff.
This is just Jakey's, the PumpFun guy.
Rasmur and Clav.
Recently, I saw that thing.
Where's the PumpFun founders?
It feels like they've been a little quiet.
I'd seen some chatter that maybe they were being quiet
because of some lawsuit.
I pulled up their X page like they they've been tweeting like they like they haven't
had any like major announcements um like they got a partnership with the salon of seeker they're on
the seeker season thing they did a fun wrapped your like a spotify twist right like what you
did in meme coins this past year so So it's not total radio silence.
I mean, no major announcements really so far in December,
which I think is frustrating for those who were expecting a token,
an airdrop rather.
I think their last major announcement,
the Padre acquisition,
E-Free on-ramping with
Moonpay. That was back late November.
So it's been quiet.
Eerily quiet? Yeah.
The big point is Solana's
flagship. And
Pumpfun is one of Solana's flagship
apps.
The most successful app on Solana?
I don't know. Maybe up there?
One of the most successful apps in crypto in the history of crypto.
I don't know. I just thought they'd be...
I was just curious.
I'll put that back.
If you had a big
announcement to make,
would you choose to announce it at breakpoint
and risk being
watered down with a dozen other announcements or would you just do it on your own time?
If you had the choice.
Depends.
If I was this big of a,
if I was this important to the ecosystem that is Solana,
maybe I would have done it during breakpoint just because Solana and pump
funnel,
like so like intertwined.
If I was just some other founder, maybe not.
I don't know.
I was just curious.
I was looking this morning.
I was reading on the PumpFund, the Breakpoint Recaps,
saw some videos, some MoonPay did an event.
I was just kind of looking through that.
And it hit me.
I was like, I have not seen anything from PumpFund there.
So I was just curious.
What's going on?
I think Iano tweeted this out over the week
and trying to find the specific tweet.
I think, like, meme coin transaction volume on Solana
is down to, like, 14% for the overall blockchain.
So, like, what used to be known as kind of the meme coin chain,
right, clearly wrong, looks like it's turning in.
Hmm. Yeah. Oh, yeah, I think that was, it was Keith that shared that. point chain right clear wrong looks like it's turning in huh yeah
oh yeah I think
that was it was
Keith that shared
that
okay
right and Yano
quote tweeted him
here
yeah there it is
today meme coins
now make up less
than 15% of daily
volume of Solana
dexes and the
popular hot take
is that the meme
coin error is over
that take is lazy
and wrong
it is because it is wrong because it assumes
meme coins were only ever about jokes,
luck, or financial nihilism, but they were not.
Meme coins were the first large-scale
experiment turning attention to itself into a permissionless
tradable asset. Damn, Keith.
Cook. Let him cook.
Interesting.
Yeah.
I don't think meme coins are over.
They're clearly in a they always come back
yeah
I think it is notable
that Solana
they're only 15%
of Solana blockchain
transaction volume now
I think if you would have guessed
most folks
predictions
they would have
put a higher number
yeah
so like the whole
I think that was one of the
knocks on Solana
right
it's just the meme coin chain.
Clearly not.
Hear me out.
Brand coins.
Hmm.
Yeah.
I think we're up to something.
Yeah,
you're right.
I mean,
do you think,
do you guys think that Solana may purpose?
They also trying to get out of that,
um, reputation. Yeah, you got it. Solana may purposefully also trying to get out of that reputation?
Yeah, you gotta
try to shift the narrative, right?
You want J.B. Morgan to launch
a tokenized fund on
Solana? Yeah.
You gotta separate yourself from
Payton.
Because it was kind of like, oh, the crime chain
is that. That's not my take. I'm just saying this. It's kind of like what the crime chain that's not my take
I'm just saying
it's kind of like
what people are
are saying it's thrown for
I think Melania stuff
really changed everything
was Melania the single
worst thing to happen
to the trenches
this year
set off the bear market
right pretty obviously
fuck
I mean you could argue
Trump did that
that was good though It was while executed.
That was always going to be the top?
Yeah.
Oh, yeah, made it go faster.
Yeah. Anyways, wow, Bitcoin's...
Mendo, you must be up a lot.
1.1 now.
Mendo, this is...
27, yeah, Ether's hanging on at 3K.
I'm just rounding out the pump fund.
I'm on the prediction markets.
Odds of a pump fund airdrop by March 31st, 2026 is just 27% now.
So we might never get this.
You're probably never going to get this either.
Why would they, right?
I wasn't expecting this.
I wasn't really a heavy...
I was never a pre-bond heavy guy.
I kind of wait for him and go after. So I was never expecting a big aond heavy guy kind of wait for him
and go after so I was never expecting a big airdrop
for that I know a lot of folks were
and it doesn't look like
they're going to get it anytime soon unfortunately
oh well
that was that
but there is
there was a lot of
other news more important I saw the
JP Morgan headline.
I mean, arguably the biggest one.
So what's going on there?
Yeah, they're launching a tokenized money market fund on Ethereum.
They're going to seed it with $100 million of their own capital,
and then it'll be open to qualified outside investors starting tomorrow.
Wow.
So I think we've seen BlackRock launch tokenized money market funds on Ethereum. This is the first time
we've seen JP Morgan do that.
And it's a pretty big
stamp of approval.
Wow.
What do we think about this for Ethereum then?
Because isn't that all on ETH?
I know there's
this ongoing debate
of bullish headlines
bullish adoption doesn't necessarily
translate to price action
near term
you can't really argue that
but I feel like long term these things have to accumulate
and matter eventually
that's my view
what do you think Mando?
you've had quite some opinions
on Ethereum lately
JP Morgan unveiled
its money fund on Ethereum
like specifically
yeah but
it doesn't necessarily mean that
that's the only place they're going to accept funds
the fund doesn't live on ETH I don't think
they're just accepting ETH as the top of the funnel.
I don't know.
No, it says we'll begin offering an Ethereum-based
tokenized money market fund to call for an investor this week.
Yeah, so it basically just means it's their own fund
just tokenized on ETH.
It's not like the assets are necessarily held on ETH.
So it's difficult in these sort of scenarios because I think it's like,
it's partly true, but I don't like,
they could offer it on Solana very quickly.
It's not like they're tied to that one chain, I don't think.
I think that's something that now that before the, you know,
like Solana was debated
about whether it was going to be a commodity or not,
now it just feels like that's such an old debate.
I think they'll probably tokenize these
and put them on all the different funds,
all the different chains, sorry.
Yeah, that makes sense.
I don't know about JP Morgan,
the largest global system systemically important bank
to launch a tokenized money market fund on a public blockchain.
Qualified investors can access exclusively
through the Morgan Money platform,
receiving tokens at their blockchain addresses.
So I need to dig into this a little bit more,
but this one actually seems like maybe it is more exclusively.
Is it the assets or the ownership is basically
the main thing for me
it doesn't feel like maybe they've got the assets
tokenized as well
I don't know actually I don't know
but I think it's bullish
David Morgan said they're going to get
Jamie Dimon actually made a speech
over the weekend I think basically saying that we're going to get Jamie Dunn and actually made a speech over the weekend, I think,
basically saying that we're going to get big into tokenization.
I think it is wild to see this sort of price action
with such massively positive news.
I know, dude.
I said that since 120 down
and then just felt like something else was happening
when it went below 100
I said look that's my level
these are the issues
sometimes with bear markets as you get caught
in a narrative of like everything's so bullish
and the price keeps going down and you're like what the fuck's going on
yeah I mean Tyler always says
he's been saying this also like
every day almost like damn you have all these good news but it's just nothing's budging right that's worth I mean, Tyler always says, he's been saying this also like every day, almost like, damn, you have all these good news, but it's just nothing's budging, right?
That's worth it.
I mean, Tom bought 300 million.
Yeah.
Tom bought a bunch of ETH.
Your homie, Michael Saylor, bought a bunch of Bitcoin.
Somehow manages to always buy much higher than here.
Yeah.
So he's underwater on that buy already.
He bought a 92K.
How?
Remember, we did make a couple runs up against 94 last week.
They just run it up in his face, don't they, every time?
I think someone's like, I was wondering the same thing.
We barely saw 92K, boys.
Yeah, that was my reaction as well.
How did he squeak that in but like i feel
like we spent most of the weekend i was tapped out this weekend and every time i checked was like 89
89 8 90 like it was definitely last week u.s hours yeah there's a handful post fomc 94k run
where we did it uh like logan has been tracking Tom Lee and BitMine quite a bit
he's making like
they're positioned to make 400 million
a year in stake here
well that's what he was saying on the pod
right million a day
that's serious income
right and that is
a differentiator
sailor and the MicroStrategy Dat and what you can do with ETH.
And he's going to keep buying.
And now, even if he taps out his ATMs,
he's going to have this staking cash flow instrument effectively that he'll be able to continue to use.
It also gives a unique way to value the stock.
Because they'll have income like this.
And of course, this is dependent on the price of ETH as well.
But it seems like it's the best dad.
It is the best dad,
honestly.
To me,
at least.
I mean,
it's working,
right?
They're going to stake their ETH.
Although it's going to take 70 plus days to stake all their ETH,
by the way.
Just keep that in mind.
Because there's so much ETH.
Let's talk about them as a company.
So they just hired a new CEO.
I don't know how many employees they have,
but effectively their expenses are just employee payroll plus whatever,
like security and physical infrastructure they need to actually manage the
operation.
It shouldn't be like super high.
A lot of these dads are going to need opcos
very soon, right?
Yeah, I mean...
The other piece I like, I like that
this isn't going to talk about long. They had the 1%
moonshot, like
VC arm of
that mine, where they will take
bets on protocols
say one or two of those hits
over time.
Yeah.
That's what they did with Will Cohen, right?
Yeah.
I believe that it is.
Just quickly, Mando,
it appears
that you are second
are you docked bound to 873
no I'm on 1.1
oh so it's not up to date
that's frustrating
well at least it's up
at least it's up but oh whoa
holy shit okay this is the dogecoin
thing updated Jesus Christ
that's not even updated
I'm on 500 on that dogecoin okay so by the end of the show then it's updated. Jesus Christ, man. That's not even updated, dude.
Okay, so by the end of the show, then, it's probably going to be up today. Just wanted to bring it up right
before you have to go.
I guess he'll come home a winner tomorrow.
We'll see.
You go get it.
One more time, one more time, one more time.
Hold on.
Oh, there you go.
There you go.
There you go.
Let's go.
That's not even it yet.
Oh, no.
Is it not even there?
Where am I?
910 on here for now.
But first, you are first here.
Let's go.
There you go.
Look at that.
Synthetix not only partnering with the best show in crypto, but also the best trader on CT.
Two of the top three, actually.
Two of the top three.
Absolute cinema.
Shout out to Tom over at Synthetix for hitting me up.
Being like, yo, we should do something for this round, you know?
Damn.
All right, lads.
All right, dude.
See you next time.
See you tomorrow.
That's crazy
Mando is like a fucking
printer bro
I have never
ever
ever met an individual
like this guy
total feel
I just nailed it
and the thing is
yeah you took it seriously for this couple I just nailed it. And the thing is, yeah, he took it seriously for this comp.
I just upgraded.
It's at 1.1 mil.
On this comp,
like,
like he's cooking.
You guys seeing him like this,
but this is how Mandel trades,
like,
all year round,
boys.
And girls.
Like,
this is,
he's a beast,
you know?
He took that 100k to 1.1 mil
in like five days.
Fuck.
Wow.
So he's up 175k.
It's still...
I like his chances to win a ton.
Eight hours to go, so he's going to have to hold this lead.
And now the risk is some of these people in fourth, fifth can just take crazy shots. Well, they would have to go reverse he's going to have to hold this lead and now like the risk is like some of these people in like fourth, fifth can just take
like crazy shots. Well they would have to
go reverse Mando
so mega long and we would
have to reverse. Like right now
Mando's worst thing would be
because he's mega short Dogecoin
so let's go have a look at the Doge chart for Mando
Or if they just catch another asset
that is cute
Doge just down. Doge looks disgusting Or if they just catch another asset that is puked.
It's just down.
It's disgusting.
He's up half a million
on this dose short.
I mean, what do you think he closes it?
If I was him, probably close
that and wait and see what Cosmic
does next, no?
Well, this comp is really crazy
compared to the other one.
I think I got liquidated.
I'm over.
Yeah.
Man, to make it top five, this one, Tyler, that's tough.
Oh, sorry.
I'm not on the right tab.
Damn, dude.
615 top five, 700 top four.
Wow. Way more 4. Wow.
Way more people in it.
And I mean, even the people with like 350 are still like...
They're in the hunt for top.
You're going to have to double up.
That's not super easy.
No, you got to really be top...
Now, if you're outside top 10, you're cooked.
Yeah.
If you're maybe from this guy here here the sixth guy at half a mil but
wow holy fucking hell
wow look the extent of these moves like they often will start to like slow down
what like the 11 11 30 mark so like if you if. If you're playing this hyper short term,
to your question, where do you close it?
Either you just leave it on the rest of the day or you look to
close it in the next hour.
This is coming from a top
180 trader and not a top 3 trader.
Cosmic is flat.
This is insane, by the way.
This is an insane trade.
And we could have all copied him with real money because it's public.
God damn it.
Well, Mr. Pig has a bigger position on, but he's 50X long.
Yeah, but where is he?
He's nowhere to be found here.
How does he have such a big position on then?
45th. He's all to be found here. How does he have such a big position on them? 45th.
He's all in there.
I mean, if he catches the bottom, that could be a big run.
He's still got a long way to go.
Well, issue is at this stage, I don't know if there's enough time.
Eight hours.
Wow.
This is nuts. Anyways. While the market may be bounced. wow this nuts anyways
while the market may be balanced
I just hope Mando wins this
I want to win it
and he's giving us half of it right
that's what I was told
that's what I was told as well
so I was told that that's what he's doing
anyways
I'm probably going to dinner with him next week
he's definitely paying.
I usually fight for the bill.
I'm not even doing it this time.
Yeah, you pay, motherfucker.
I'm picking someone expensive.
Anyways,
is there anything else, Ty?
Just like a couple protocol updates.
Hyperliquid introduced portfolio margin,
which I understand.
So now you'll be able to effectively leverage trade
across a combined perps and spot portfolio balance.
Not really sure that's like a net positive.
I understand their language that it's more capital efficiency,
but it can a 10-10 blowout, right?
Your entire perp's portfolio might have been liquidated,
but at least your spot would have been safe.
But now if they're combined,
like you can just absolutely risk losing it all.
So you have to be very mindful of that.
So we'll see how that is handled by the market.
Camino.
I've always been a fan of Camino.
I've done a decent amount of lending on there.
They introduced six new products
They're going full stack, they're doing private credit
RWAs, off-chain
Collateral, fixed rate
Fixed term lending, so they're doing
A whole lot in Solana DeFi
So Solana DeFi really is picking up
I think that was one of the trends
Breakpoint last week
Camino definitely a leading protocol
There, Pyth, another Solana DeFi token, they announced their Breakpoint last week. Camino definitely a leading protocol there.
Pyth, another Solana DeFi token.
They announced their buybacks.
One-third of the monthly Dow treasury.
So I'd have to dig in and see how meaningful that is.
But if you're a Pyth holder or someone who's been snipping around, go check that out.
And then ICO news.
A couple pieces where I said this in the rundown,
but Fogo did cancel
its one billion dollar
no way
a billion dollar ICO
canceled in this economy
yes they canceled that one
so they're going to focus
more on the airdrop
so maybe turning it
into a positive
at least for users
they were into a 20 million
I still think they probably
would have filled it
but no yeah they would have filled it,
but no.
Yeah,
they would have filled it,
but at what cost?
Like it would have gone down right off the bat and they would have just ruined the rep.
You know,
probably the right choice.
I think like Mona is trading sub 20 cents right now.
Oh no.
I think,
I mean,
it was 20 cents this morning,
so I'm assuming it's sub 20 cents.
Like as we're talking,
you know what I mean?
It is 20 cents. Exactly. Yeah. I mean, it was 20 cents this morning, so I'm assuming it's sub-20 cents, like, as we're talking, you know what I mean? It is 20 cents, exactly, yeah.
Sheesh.
Yeah, bro, it's not good.
So, yeah.
So that makes sense.
Then football.fun,
now rebranded as sports.fun,
their fun token is,
their ICO is tomorrow.
They share new details.
I want, I like that.
Cracken Legion is going to be, like,
an ICO for folks who are power users.
They'll have more of an
aloe. And then on Kraken, it's going to be more
publicly open. Yeah, they partner together.
We've chatted with them. They're a good team.
Question. Did we get the stats
that we were looking for last week?
By any chance on that? The latest
volumes, etc.
I have a dug in to see the base cetera. I think you can see on,
surely there's a Dune dashboard.
I'm asking because genuinely I'm curious about this one.
And I believe,
remember I was like,
I hope this is a low valuation one.
I'm pretty sure the founder alluded to it being low.
It's 60 million.
Oh yeah.
I said under a hundred on the show.
I like that. Okay. million. Oh, yeah. I said under 100 on the show. I like that.
Okay.
I...
That could be a fun Christmas punt for fun,
like participate small in that.
They're always building.
They've gone from football and fun
to trying to build sports up fun.
I like that.
Are you doing it?
So just quick disclosure, I did partner with them last week to promote their ICO
so I need to get that out there
but objectively I do like this
ICO price
at 60 million
they did
10 million in revenue
they're launching new sports
it seems their
football soccer for us.
Americans product has like a real cult user base.
The valuations are going up.
I've been following some folks who are in that eco.
I definitely think it's going to sell out at 60 million.
And I think it's pretty interesting there.
What's the volume?
I'm going to find the fucking volumes on their website.
How do you?
Football.fun.
Dune dashboard.
Is it predict.fun?
No, football.fun.
I can't find even the Dune dashboard for that.
Football.fun? Yeah can't find even a Dune dashboard for that. Football.fun?
Yeah.
Surely someone made one.
Yeah, maybe we'll try to get it for tomorrow.
Yeah.
I'm just really curious, you know?
Because I know a lot of it was day one, right?
But I don't want to, you know?
So how much are they raising at 60 mil?
3 million.
So 3 million. 3 million 3 million soft cap
50% of tokens are going to be unlocked at TGE
50% linear invest 6 months
opens tomorrow 1pm UTC
so that's going to be like 9am and it's going to be running
for 2 days so close Thursday
okay
okay
I think that's fair so I think most people for two days, so it'll close Thursday. Okay. Okay.
I think that's fair.
So I think most people... Allows are probably going to be fairly low.
They'll probably get nerfed a bit.
But we'll see.
Maybe I'll trade it after when it launches.
I think you can probably get a 2-3x in there,
in and out.
Yeah, I don't know the full tokenomics picture,
so I don't know
exactly like what percentage is.
So I guess,
I guess it would be 5%,
3 million.
Yeah,
so this would be 5% of tokens.
So we need to know like what the rest of this looks like.
Like,
like what's the flow going to be at launch?
But let's say it's 30%
flow.
That's 18 million
market cap.
Feels like that could...
Yeah.
I have collector crypt that the
Pokemon protocol is anchored in my head.
I know, and that's not looking good today.
So that's the looking good today.
So that's the thing.
Everyone's talking about the mind-blowing stats.
I'm doing some DD right now.
Everyone has football funded.
So many active users, so much volume and stuff.
But guys, it was super good the first two weeks.
I just want to know a lot.
You know what I mean?
Yeah.
I just really want to know.
Adam, don't you listen to the show, motherfucker?
Answer in the comments.
Someone.
Oh my God.
The collector crypt is currently at $70 million.
Don't look at the chart.
I'm looking at it.
Do not.
Oh man.
The market cap is $8 million.
It was over $80.
It was like a billion dollar token.
Don't look at the chart.
But that's what I'm seeing, though.
I'm approaching this from a trade perspective here.
Like a fun little holiday trade, right?
You know?
Is it on Solana coin?
You know?
Solana token?
ETH?
The base ecosystem fund.
I think this is probably going to be...
A base coin.
Okay.
Cool.
Yeah, I think this is more exciting things to look at
for the rest of the Christmas season, for sure.
I don't really have anything else
big. There are a few other
ICOs. I'll have to go back through my notes.
They're higher token valuations.
This is the
most reasonable,
I'd say, that's on my
list here.
Yep.
I like it.
Cool. I'll bridge
10 grand to base and just wait for the moment to go and just,
oh, oh, oh, Caleb.
There we go.
There we go.
There we go.
There we go.
There we go.
There we go.
There we go.
There we go.
There we go.
There we go.
There we go.
There we go.
There we go.
There we go.
There we go.
There we go.
There we go.
There we go.
Yeah.
Yeah. Yeah.
He is CMO.
The CMO himself listens to the show.
Caleb, where's my partnership?
Motherfucker.
I'm just kidding.
Here we go.
All right. There we go. There'm just kidding so including fees
94 mil
is there a way to see the last few
there we go
now we're talking
pretty steady
no this doesn't count
that's fine
for me right now
approaching this ICO
dude couple hundred grand a day count. Yeah, that's fine. I mean, it doesn't count for me right now, like, approaching this ICO, right?
Dude,
couple hundred grand a day?
I like it.
This, this account, like, this is, like,
this is good, you know?
In this economy, with all
the apps kind of, like, at zero and stuff,
revenue is 7,000.
So, revenue is lower, like, obviously
much lower now
still putting in like
10, 15, 20k a day
depending on the day
hot days will generate
well some days are big
okay
honestly this really looks like
myriad type stats
like
steady
this isn't even factoring in
some of their new product launches
that they can still have up their sleeve too
and with Arrays they're going to be able to launch more you know Steady. This isn't even factoring in some of their new product launches that they can still have up their sleeve too.
And with Arrays, they're going to be able to launch more.
You know?
Okay.
Cool.
I like it.
I'm rooting for it.
I want this to work because for once,
it's a fucking app doing ICO and that's the millionth billionth blockchain at a $10 billion valuation.
All right, cool.
All right.
It's exciting.
We should be rooting for it.
Yeah.
I like it. I like it. All right. It's exciting. We should be rooting for you. Yeah, I like it.
I like it.
All right.
Well, should we get some money away?
Let's do it.
Just a quick shout out.
Yeet Big Moments does start today.
Let's go.
I want to say it's noon Eastern.
Let me confirm.
You know what to do, y'all. We give all our money back.
The PhoneWire team, we give it all back.
One day.
Christmas joy ride.
And we've given y'all a fuck ton of money so far.
It's all common.
Let's see.
Are Sonic going to cook alone again?
I take that personally.
Our Sonic is my whale whale but there are other whales
on the morning minute squad we were forced to be reckoned with we steamrolled last big moments
attorney just to lose in a 87 favorite dice roll to whiz as i don't think there's going to be dice
rolls this time so it's just going to be head-to-head round robin.
I like our side. If you're not on the team,
put more hours a great team, so is more than a minute.
I need a second.
Shit's not working right now.
Oh, fuck. One second. I need my Omaha flip fix.
I know, same, but for some reason, I can't connect.
I hate this, dude.
Worst case, we can always do two tomorrow.
I know.
I know.
Yeah, definitely.
I just really wanted to do it right now, but let me try something.
One second.
Something is not working here on my side.
Yeah, we could run the picker and then they went tomorrow.
I don't know what's going on, boys.
I don't know if you guys ever had this.
I've never had this problem.
Maybe, what if I leave the stream here for two seconds? Where today's going to be
negative boys I'm sorry
we're going to have to
we'll pick a winner now
yeah
sorry guys
nothing's working
alright
let's pick a winner
see you tomorrow Alright Speak with him Speak with him And two tomorrow Yen Fo
Yen Fo
Congratulations
Alright well
Yen Fo
Are you here? Yen Fo, you here?
Yen Fo,
congratulations.
Unfortunately,
you won't be able to win today,
but you 100% win for tomorrow.
I'll restart my computer and everything later.
Yen Fo.
It is a real person,
it appears.
And,
Yen Fo,
are they here?
I don't see them.
Yenfo.
Where you at?
Yenfo.
Oh, there it is.
There they are.
All right.
Yenfo, come back tomorrow around the same time,
maybe a little earlier,
uh, on the show.
Uh, and, uh, we'll, uh, we'll play for you.
Hopefully it works. All right. Well, that being said, we'll, we'll play for you. Hopefully it works.
All right.
Well,
that being said,
we'll see you all tomorrow.
I'm more 10 a.m.
Eastern standard episode for my hour on road radio.
Let's go. Thank you. um
