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FOMO HOUR: *** SZN???
Recorded: July 3, 2025 Duration: 0:58:10Space Recording
Short Summary
In a lively discussion, crypto enthusiasts celebrated Bitcoin's surge past $110K and explored the growing trend of tokenized stocks, while highlighting strategic partnerships and the evolving landscape of DeFi. The conversation also touched on the bullish sentiment surrounding Ethereum and the Pudgy Penguins NFT collection, despite some signs of market stagnation.
Full Transcription
Thank you. Thank you. One second, everyone. Check it's working check check now it's working. Do you hear me? Check check check check check? Yeah. Yeah. Yeah. Okay, cool
Sorry, I'm a little rusty. I haven't been here for a while. Jesus
Uh, okay, so this one's about to die. This one's about to die, too.
But we're good. Nope, it won't die in the show.
We should be fine. Here we go. What up, y'all?
What's up, everyone?
Oh, yeah. I also checked on DJ's account.
It's growing.
I checked it last night. I love to see that.
What up, what up, what up, Bongo?
Dude, what happened to...
I can't even say the P word anymore.
I'm...
Ruined June. Let me tell you that. Ruined June. I can't even say the P word anymore. I, I'm ruined,
ruined June.
Let me tell you that.
ruined June.
Big one's 110 K.
And she's down another 50%.
What up MP Boogie?
What up?
All right,
let's start the show.
Let's go,
baby. Thank you. Yo, yo, yo, yo, yo.
What up?
What up?
Good morning.
Good morning.
Good morning.
Thursday. Oh, baby. Morning GM, GM, Thursday, oh baby, Thursday, July 3rd, 2025, look at that, another beautiful day to have a beautiful day, oh I'm so back, I got my co-host in the house baby, Tyler Mando,
good morning, good morning, good morning, how are you doing today?
I'm doing great guys, sorry, I'm in an Italian restaurant, baby. Tyler Mando. Good morning. Good morning. Good morning. How are you doing today? I'm doing great, guys. Sorry.
I'm in an Italian restaurant.
I love the dedication.
That's what's up.
That's my co-host. I love that.
Tyler, how are you doing today?
I'm good. This was one of those
weeks where they had us in the first half.
We had all this bullish news. Price
action was terrible.
Now we're back. Bitcoin over $110K
live.
We're all-time high by 4th of July.
We are still alive for that.
Fireworks, baby.
USA.
USA. USA.
Look at that. Look at that. You'll have to see that.
I woke up this morning. You know, I have to say
the Eurobulls, they've been putting the work. Like I wake up every fucking morning and every day the price is green in Europe, right? Man, I know you can relate. Like in the last month, two months, every day I wake up, it's green. So.
Yeah, we've been carrying it. We've been carrying it. It's the bad news when the US comes in.
We've been carrying it.
It's always the bad news when the US comes in.
Yep, yep, yep.
Or at night.
Or at night.
Yeah, exactly.
We should be fine.
Iran just said that they're not planning on retaliating on the US any time soon, like 15 seconds ago.
So we should be in the clear.
And that's it.
Anyways, today on the show, let's go over the market.
Let's go over a lot of stuff.
I mean, the market definitely won't go over the market.
My Farcoin bags are so back.
Let me tell you that.
I had to delete a lot of apps when I was on vacation just so I don't bother the price action.
But we're back.
We're back.
We're re-downloading everything right now.
Love to see that.
Tyler's top 100.
I'm sure Tyler's got a lot to cover.
Today on the show, a lot of stuff going and moving around in the space.
And then yeet.com.
Make sure you make an account.
Sign up using the FOMO Hour account.
We're going to do not one, not two, not three, but four winners today.
Four.
Yeah, four, four, four, four, four, four.
Four winners today.
Why?
Because tomorrow is July 4th, and we're not hosting because it's a holiday in America.
Thank you for understanding.
So, you know, today we may as well go and hammer them all, and it's going to be fun.
We got something planned for you all today.
So four people are going to win.
So make sure you go to Yeeterboards, or Yeeterboards, I'm sure we're sharing everything on DGEN's
live kick as usual, and make sure you sign up
I think you have to have done
it's being based on like a weekly leaderboard
or like a shorter time
next week it will be
there you go
I'll need to be caught up to speed on that one
and then last but not least
this show, still the same sponsors
sorry I wasn't around for like 10 days
this show is powered the same sponsors? Sorry, I wasn't around for like 10 days.
This show is powered by Wallet Connect.
Wallet Connect is the connectivity network shaping the future of on-chain UX.
If you've connected to Web3 app,
you've seen Wallet Connect.
That blue logo, it's everywhere.
And I'm going to trust in crypto
as recognizable as Visa at checkout.
Want to learn more?
Follow Wallet Connect on X
and Telegram to stay ahead of what's next.
Shout out to Pedro and the team.
I was with them in Cannes at ECC for their brunch. have to say they were fucking everywhere and I was like yeah that's
my sponsor let's go anyways also powered by Kraken Pro Kraken Pro gives active traders exactly what
they need deep liquidity full customization 350 plus trading pairs build your own layout with
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yeah gm everyone so feels like we're so back Can you dig it?
Yeah, GM everyone.
So, feels like we're so back.
There were moments, I mean, I missed the show yesterday,
so maybe I didn't get to see the recovery,
but when I was last doing the show,
everyone was talking about investing in tokenized stocks and then it was completely over.
Seems like that is now in the minority of people's thoughts so
and we're seeing like a very small altcoin season let's put it that way so because ETH is
outperforming a little bit um you've seen a number of other altcoins like look a little bit strong
and um yeah that's like a good I mean look at that that's what a sideways chop that's like a good, I mean, look at that. That's what a sideways chop that's been.
But Bitcoin heading back to full-time high, looks like,
or at least very, very close.
We're very close.
And yeah, you're starting to see some of the altcoins outperform,
and that goes all the way down.
So you start to see some of the meme coins do well.
Some of the major L1s have done well.
It's not crazy.
We're talking about like a half percentage to a percentage
point move in Bitcoin dominance, but that can be a big deal. So decent across the board.
We saw in terms of macro, there was a headline today, which is about is employment data.
We obviously don't get that tomorrow because of 4th of July, but it looks like that came
in better than expected, which has pushed
back some of the rate cut hopes, I think, for July and potentially even September, although
I really do think we're going to get one in September.
Yeah, this has been our bags initially sold off on that headline, but since I've kind
of retraced and everything's looking good.
So Bitcoin at this level
You know you have to be cognizant. This has been a level of resistance for it for a while
At least a couple of months now and
You could arguably say that there was resistance around this level
all the way back in like December so I
Let's see I wouldn't be rushing in to buy things today I feel like buying altcoins on a day where Bitcoin's at
resistance yeah probably classic normally how you get it so you know I
would I think have a bit of patience to see how today goes.
Literally two days ago, everyone said that old coins were dead and the market was over.
And now it's everyone buy everything at all-time highs on Bitcoin.
Of course.
That's how you do it around here.
You're supposed to do that.
The stuff that I like in this market, I still like, as I said, ETH.
I still like some of the DeFi plays.
I've been buying part coins.
So good run.
Look at that.
Small bags and some other things.
But yeah, just a good period here for my bags.
I'm happy with it.
Aave is another one that was everywhere at ECC, by the way, Mendo.
They threw a big party last night.
I brought a bit of that syrup coin because it sold off to Tyler.
I actually quite like that story.
So I'm now a Syrup Maxie as well.
What is that?
I missed the whole syrup thing.
Damn.
It's linked to maple fire.
It's just a bit.
It's just a bit of a feat at the moment.
And then hyperliquid, obviously, I've got a little bit of that from when I bought it on that dip. So I think I'm, for the first, I really pretty happy with, with my bags.
I caught the stuff that I wanted to buy on that dip when we had it.
and,
and now kind of feeling comfortable.
I'm not,
I don't have the FOMO feeling that I think often kills people as you hit all
time high,
you know,
you're like,
I've got to own yeah
bitcoin and and ride it through a three to four x i don't have that i think i'm i'm happy with
stuff and i'd be i'd definitely be wary uh at this exact moment let's see if you if we break
through we go to like 11 plus then i'd be well, okay, we're off to the race.
But at this exact moment,
I think it's a very dangerous time to figure it all out.
You're supposed to long range high
and short range low.
That's how you do it.
You know,
that's how CT does it.
That's the Paroch,
you know,
Paroch of Ashton.
That's what you're supposed to do.
I have not bought a solar coin
since Solana Conference in New York.
My ledger is probably dead, bro.
I actually even deleted all trading apps the last two weeks.
Really?
Yeah.
I was in the beef up, bro.
When we were dipping on the war shit, I was like, Farquaad was down to 800 mil. I was't a beef up, bro I was when we were dipping on like the war shit. I was like fucking was done like you know the mail
I was down a significant amount of money. I was like, I'm not having that shit. It's my vacation
I planted six months ago. So one week a year
I go to Ibiza and I get absolutely smashed
So I'd lead a lot
We have any rules you in that coin this this this time? If it hits 1.6, are you cutting?
This time, brother, this time is different.
We're going to do it again.
1.6 is fun.
We're going to do it again.
We're going to do it again, baby.
Fucking go, baby.
Every single time it hits there.
I knew I should have sold.
You told me to sell it.
I never sold anything.
We're going to do it again.
It's happened two or three times now. You anything. We're going to do it again.
Two or three times now.
You know why we're going to do it again?
Because it's going to be that one time.
That one time where it's going to hit it.
And we're just going to, you know, break right through it.
You know?
Look at those lines.
Look at those lines.
I've had those lines set for months.
You know?
It's huge. It's huge.
You just... You know?
The point of resistance
is like 1.4-ish.
Yeah, because last time I really got
smacked back down hard around like 1.46, 1.5.
My gut has been, we're going to resolve this.
Like, we're going to...
We'll rally. We'll see another sell-off.
How many handles does that cup
have at this stage, Tana?
Dude.
Well,
you know, funny you ask.
You went for a triple drink.
It's funny
you ask because I actually just ordered
this
specific cup on Amazon
in honor of Farcoin.
This is called a double handle,
you know?
And so,
yeah.
So it's one of those.
So we call that double cup and handle,
you know,
exactly.
You just,
you know,
just chug it like that.
So anyways,
I think we're looking good here.
You know,
let's see if we break through that stuff.
I mean,
Mando,
don't you,
what,
what do you call this pattern? You know, like'll see if we break through the stuff. I mean, Mando, don't you, what do you call this pattern?
You know, like, I'm not an expert, but is that what they call in the world of TA, like, like inverse head and shoulders?
Is that, is that something similar to that right over here?
At the moment, you don't know because it could just be a lower, low, lower high.
Got it.
Right.
That would be the dangerous thing.
Uh-oh.
Is if we did not break through all-time high
and then everyone would be like, oh, God.
That would be dangerous.
It was kind of what it looked like, you know,
a few days ago where it had that dip down to,
what was it, 108 area.
And you were like, oh, God,
this looks like it's gonna resolve
Thank you
My book my brush yellow is there
Yeah, I don't know I think it's a dangerous
I'm sticking the plan. I'm not doing shit not I'm not buying shit. I'm not doing anything for a little while because I believe.
Since you've been gone, I've been trading stocks.
What?
Wait, are you trading X stocks?
Are you trading stocks?
I'm trading corporate treasury stocks.
I made a nice little swing trade on Tom Lee's BitMine stock.
Okay.
A nice little plus 170%. I'm out of that position.
And then yesterday I started my DCA into SBET.
That's smart.
Oh, here we go.
Here we go.
It popped 40%.
We're going to get a daily price check now on SBET from Tyler Didd.
We'll be talking my backs.
Don't worry.
I love it.
I mean, it's up 25 points in five days.
25%.
I think this is a longer-term DCA play.
I don't think it's going to go parabolic by any means.
But there was a point where it was turning down to 20% premium
to their ETH holdings.
So it's an interesting bet on ETH going up and them acquiring more,
which I still like that thesis.
And it got a KBM FUD tweet, so you know it's going to be better.
Yeah, KBM FUD at the lowest too at like nine bucks.
So you got the KBM FUD tweet.
Also, I saw I saw posting like,
these two guys are going to like talk about theorem,
shove it down the throats of like,
try to fight every day on TV.
And it's true.
Like Tom Lee.
And,
and first of all,
Tom Lee's,
I didn't know really he was mando.
Cause I don't come from that world.
Y'all know,
but I did some research and apparently this guy's on CNBC,
like every fucking day.
Yeah.
He's,
he's,
when we were speaking about him, he's when we were speaking
about him, he's much better known than Joe
Lubin as like a
person in the
in the track by world. But really,
he was just very early to Bitcoin.
He was very early to Bitcoin
and very early to microstrategy.
So he's been
like the main bull for both of those
stocks on CNBC, kind of every single day, or Bloomberg, and he's become like the main bull for both of those stocks on CNBC,
kind of every single day or Bloomberg.
And he's become a bit of a face of it for retail, for sure.
Yeah.
So there's that.
And then you have obviously Joe Lubin, who, you know,
I think is a very sound voice.
Like I feel like Tritefire would like someone like Joe Lubin.
You know, he's not like a, you know, he's like a moon boy,
though technically he could be because he was early Ethereum and has added sense,
but he's got that monotone style, very professional.
It comes in.
So you have Tom Lee and Joe Lubin pumping Ethereum bags to TradFi.
And ECC seemed very much less focused on the moonboy shit and UpOnly and actually memes in a way.
And very much focused on DeFi infrastructure and institutional, etc.
So while I was only there for maybe two days, I had to go do some work with MetaMask there.
That's the reason I was there.
I had to MetaMask on my card and everything too.
And I had a couple of meetings.
But it seemed like people were very bullish on Ethereum in general.
It was more like, you know,
ETC is a little more on the dev side, right?
It's less culture than that,
but I think the takeaways from ETC were quite positive, right?
We're all on the timeline,
so it looks like,
look, we're not going to say it,
but it looks like an Ethereum season could be upon us,
but we're not going to say anything, but it looks like an Ethereum season could be upon us, but we're not going to say it.
I won't go that far, but I do think you could paint a pretty strong bull case for Ethereum here.
One based around just, if nothing else, institutional inflows and corporate treasury inflows.
And that might be enough, right, to carry the ship here for the near future. And Robinhood, strong signal building on top of Ethereum. And then I think the piece is still no one's really talking about that
much is the whole tokenized stocks composability incorporated into Ethereum DeFi. I do think that
is very interesting. Yeah. Also like one of the biggest winners, it's arbitrary, right? Like they
were all over. Like I was staying in a hotel right by the
conference and like yesterday like i had to go but should grab my little coffee and there was an
arbitram event like next to my hotel and it was packed like it was there's like no chance of getting
in i was like curious oh let me pop in quickly for two minutes it was like packed so obviously
like robin hood building an arm drum kind of a signal to L2s, et cetera.
So anyways, we'll see.
But there's a lot of bullish things to say on the Ethereum side.
And what I would say Solana too, I don't know if you guys saw,
but Rexhares actually did pretty well yesterday on the ETF side.
So with $12 million of buys, of inflows,
and one of the team members got to speak to Andre Be begonski who's a ride over to crypt media and he got an interview and so it's
uh it's a strong first day right like we don't have the black rocks of this world so that
facilities filing for solana yet it feels like they'll wait to see what kind of volume we're
talking about to see if there's real money to be made for them there. But that was bullish. But anyways, I'm sure we'll get into that with Tyler.
So let's get to your topics.
For daily NFT and crypto analysis.
Tyler Dean on FOMO, our cause to KitKat.
Ready to bash the bears.
Yeah, folks, crypto majors, very green here this morning.
ETH leading the way.
Bitcoin up 2.5%, 110, 250.
ETH up 6%, 2620.
All right.
Top movers on the day remains the bulk up 16% with a 15% Bitcoin up 14%.
So the market still has shown kind of its hand where that money is going on green days.
We saw two of the Ethereum corporate treasury stocks, SBET and Bitminer.
They both rallied about 30% yesterday amidst that move in ETH.
BlackRock, it came out yesterday.
Their IBIT Bitcoin ETF is officially driving more revenue for them
than their S&P 500 index fund.
So I think it's the first time it has crossed that product in fees.
So that was a big one.
OpenAI clapping back against Robinhood,
coming out and saying they did not partner in their OpenAI tokens,
do not represent equity in their company.
So that was all over the timeline.
We had Ripple pursuing a U.S. banking license now alongside Circle.
Also, this group of tech billionaires led by Palmer Luckey and Peter Thiel
are going to launch this digital bank.
SVB style is called Erebor.
And they're looking at crypto AI defense and manufacturing startups.
So that was a big one.
Let's see.
We had Standard Chartered.
They're analysts coming out and reaffirming their Bitcoin targets for Q3, 135K, Q4, 200K.
So Standard Chartered is quite bullish.
And you mentioned the Solana staking ETF.
It launched yesterday, $33 million volume volume, 12 million in net inflows.
Solid start.
In other corporate treasury news,
Ad & Tax Group announced a plan to acquire 12,000 Bitcoin
from independent holders, that's 1.3 billion.
And then BitDigital, the latest to draw up in ETH corporate treasury,
they're raising 163 million for that.
In token airdrop and protocol news, some decent-sized headlines here.
So Coinbase acquired Liquify.
It's a token management platform for early-stage builders.
So they're going to get into that token launch sector as well.
Blur apparently announced its season four airdrop in Discord-owned overnight.
And it is peanuts for most users.
So sorry for folks who are expecting more.
Jupiter, introduce Jupiter.
Going to be a product to look out for.
Round this out.
AI crypto,
the AI market cap,
about 8%, 10 billion or so.
Project 89 at the top,
number up 120%.
Memes,
very green,
kind of already went there.
Most of them up about 8% to 15%.
Let's go.
Bonk,
Pingu,
Fartcoin leading the way.
The useless token continues to rally,
and now all of the other Bonk Guy coins want to pull
up the Bonk Guy list.
There's some big movement on that board.
Mudang also saw a huge candle
up 30%. I think it got
an up-bit listing, so that
was a notable move.
And then Pudgy Penguin,
shout out to my favorite NFT
collection, shared a list
of their Q2 accomplishments,
and it was quite the laundry list.
Filing for their ETF, partnerships with NASCAR, Lufthansa,
First Kids Book, Launch of the Pingu Clash Game, and a lot more.
And that's on the back of their Pingu token.
Wow.
The top mover in the seven-day.
So starting to see some momentum in the budget eco right now.
Yeah.
There's a lot.
I feel like when it comes to NFTs,
it's not as Pudgy.
Obviously, Rekt, but Rekt is mostly the beverage.
If you know, you know you have the NFT.
But I feel like most people have the coin and the beverage.
They don't participate in the NFT as much as they participate in the rest.
I feel like it's only Penguins got something going on for them.
I don't know.
It's a little more quiet these days.
The big products are all doing something.
Bored Ape, Suzuki launched their new anime studio.
That's true, yeah.
Pudgy Doodle is still kind of kicking things around,
but beyond that, it's a little more quiet.
Yeah, actually, the Metamask activation was that was partnership with Doodles
on NECC.
But anyways, all right, so Tyler, where do we even start here?
Yeah, there's a lot of directions we can go.
The open AI was an interesting one.
The open AI was an interesting one.
I think this is very real.
Oh, yeah.
Tokenized stocks have been one of the big talks of a town here this week.
I'll send you the tweet.
Yeah, no, I got it.
I got it pulled up in two seconds.
There you go.
These open AI tokens, not open AI equity.
We did not partner with Robinhood.
We're not involved in this and do not endorse it.
Any transfer of OpenAI equity requires our approval.
So this was interesting.
So I think for a few different reasons.
For one, I think anyone who looked at this in detail knew that it was not exactly –
like if you're buying OpenAI X tokens on Robinhood, you weren't getting direct equity.
You were getting some,
some form of a mirror token.
There was only a handful of ways that you were ever going to be able to
redeem it basically at liquidity events.
But I still think it was fairly stark to see this kind of response.
I think it's kind of a bad look for Robinhood to have made open AI such
like a prime example during their launch event
without, I guess, having at least had some kind of a conversation with them.
They could have looked at other private stocks, maybe not gotten this kind of a pushback.
Overall, I don't think it changes anything.
I think this is going to be this specific sector of tokenized stocks, tokenized private
market stocks, I think is going to be a specific sector of tokenized stocks, tokenized private market stocks,
I think is going to be a riskier one.
I think one that is going to have a big learning curve for just like your
casual crypto native trader who isn't as familiar with these markets,
right?
Like this is not your standard stock.
These things do have restrictions.
And I think it's an area that you're going to want to learn more about, I think, before just diving in headfirst and buying SpaceX and OpenAI without knowing some of the fine print.
So it's an interesting product, but I think very early stages and some hurdles to work through.
But I think the reality is I still think these private markets
are coming on chain.
And on Robinhood, I think we'll see them in other providers as well.
I don't think it can be stopped.
I mean, I guess the question is if some of these private companies
are going to get legal involved and try to delay it or shut it down.
So maybe you'll have a few exceptions,
but I still think the broader wave is coming.
So did you guys talk about this already on the show?
Those stocks?
Yeah.
A bit.
I think we could talk about it more.
Yeah, I mean, I'm just curious what you guys really think.
Like, I always say I saw the OpenAI tweet,
and then I don't know if you guys saw what Elon's reply.
Elon's reply went quite viral.
Your equity is fake.
And I'm actually curious what the Robinhood guy answered in the end.
Like, why did Vlad Tenev end up?
I didn't see his response.
At our crypto event, we announced a limited stock token giveaway on OpenAI Space X to eligible European customers.
While it is true that they aren't technically equity, you can see the precise dynamics in our terms for those interested.
The tokens effectively give retail investors exposure to the private assets. Our giveaway plants a seed for something much bigger.
And since our announcement, we've been hearing from many private companies
that are eager to join us in the tokenized revolution.
So it seems quite on phase, right?
I think Tom Schmidt from Dragonfly
also put a post out around this stuff.
He said,
not sure why anyone thought any differently.
These Robinhood docs are pretty clear
that you're buying a derivative
that is not redeemable for equity, for underlying enough back 101.
You're just buying an open AI forward that Robinhood can redeem
on your behalf at any point.
So it's all in there.
I don't think, I mean, personally, I never assumed that,
oh, I'm a stock buyer, like the second this happens.
But I think, how does that differ from what kraken and
jupiter radium and republic and all those are doing because i think they're quite different right
do we do we know x stocks are are actively traded stocks that are that are not on the
public markets so i think that's one key difference. Yeah.
My understanding was still,
they're still fairly the same.
They're still like mirror tokens to a degree.
Like the stocks are held somewhere, but you aren't taking custody of them.
Like you are effectively trading
like a different version of it.
And when Vlad went through his demo on the product launch day for their stock
product, he basically said like,
they are going to have stocks held in this like custody database.
They're going to mint tokens.
You will be trading the tokens that correspond to the stocks that are held in
this database,
but you won't actually hold them until for phase one, until phase
three, which is where
they're going to put this all on chain.
This is where the composability aspect
comes, where you can actually take these, put them in
Aave, take loans out against
them.
Have you tried?
Have you guys tried just for fun
like even buying one
I have not
bought any
X stocks yet
gold
Pepsi
Marvel
Comcast
Robinhood
there's a lot
like
I don't know
I thought this was really cool
like I know some people
may be like fighting
or something
I don't know i think
it's very cool i think it gives us more use cases on chain right there's a wider group of people now
who can but who has access to these i think there's there's a longer discussion about like
what does it mean for like crypto alts for meme coins like now the stocks are an alternative
are less people going to buy fart an alternative are less people gonna buy fart
coin no unless people are going to buy jito radium if they can buy pepsi and the jury is still out on
that to a degree hey what do you guys think like let's talk about this right because the first
stuff for something is like oh all coins and memes are fucking dead because of that.
Blah, blah, blah.
You can now buy the S&P 500 stocks.
What do you guys think about this?
I don't think so.
I think there's always going to be the world.
Memes are never going to die.
They're always going to outperform.
There's always this useless one that comes out of nowhere, right?
What do you guys think about this?
And Mando, you come from that world, right?
What's your thoughts?
I think it's a big deal,
but maybe it won't see the same sort of traction
as we think it will early doors.
I think it's just,
we're seeing the beginnings of this now.
So like, it's bullish.
I don't think you're going to see like trillions of volume in this sort of stuff just yet.
It feels as though the actual innovative thing is this private market trading stuff.
Like just trading stocks.
There are a lot of places to trade stocks.
There aren't that many.
There's almost none to trade big pre-IPO stocks.
There's been some platforms to do it,
but it feels like crypto could be a place to actually do that.
So I'm glad that Robinhood took that on the chin
and was just like, no, I don't care.
We're going to continue to try and do this.
They may have been under pressure to walk back some of what they said or we're going to re-look and do this. Like they may have been under pressure to like walk back some of what they said
or like we're going to relook at this or this sort of stuff.
So there's a thing that could be a fight from some of the companies themselves
here, right?
Like if you are, for example, Stripe, right?
Stripe is pre-IPO, open-air, pre-IPO.
Stripe is pre-IPO, open-air, pre-IPO.
Companies often want to protect their valuations before they go public.
I think, think about, these are stocks which are doing very, very well.
Think about WeWork pre-IPO.
Imagine if you could have created WeWork, free IPO.
And they're trying to pitch the IPO at a few billion dollars, you know, $10 billion.
And it's trading on some crypto platform at like 500 million.
And it probably could from a lot of companies about this, about, let's say, transparency in where their company is valued.
But I don't think that's an issue.
I think it's good.
And I think it will create more efficient IPO markets.
So I think there's innovation here.
I'm glad that they stuck their guns.
And I think I'd be very interested to see what other companies can come to this platform in the coming days or coming weeks.
And, you know, you'll probably see quite a lot of supply from some of the biggest crypto VCs.
A16Z could put like a ton of their portfolio on there.
Right.
As could a host of other people like Dragonfly,
right.
Like,
a host of big crypto VCs who come in and say,
we're going to try this out for some of our non crypto broader tech
VIPO plus.
So is it,
is the secondary effect of boom in bc
spending if they're able to unlock this new liquidity stream selling
some of their private market holdings on this new secondary market of course i'm not saying
it's quarter but i think i think there's a reason why and And to say, Tom Schmidt is the lead investor indeed.
So love you, Tom.
But there's a reason why he's probably defending this,
because this is probably great for them.
They're all sitting there going like,
this is a community for us, right?
So, yeah.
If I was sitting in AT&T right now,
I'd be thinking this is going to be great.
We get to sell some of our bags pre-IPO, unlock money for our LPs.
I think there's more positives than negatives, for sure.
I think on the public stock front, it is an interesting alternative.
So, I mean, I think there's a camp of folks who think
Robinhood stock is going to outperform Bitcoin for the rest
of this year.
Maybe not consensus,
but I'd say there's probably
if you ran that poll, I'd say at least 30%
would take hood.
Now you can make that bet
on chain.
Can you make it with size?
Can you do size in these right now?
I think liquidity is coming.
I've already seen folks who are starting
to LP these things. So they're LPing
stocks
on Jupiter, which is
an interesting new way to
earn
yield as well.
The fees are worse.
You're getting a better price
with lower fees going through
your stock app than you are
buying on Jupiter.
I think that's undeniable
at least right now.
I think we could expect that to come down over time.
Now, I don't
think your person who's buying
stock coin or useless and is hoping for a 20 to 50X return, I don't think they're going to go to the stock market.
Yeah.
That's a lot.
So that's one of the things I saw, right?
It was like, I think it was Wiz.
I forgot.
It was the day after.
It was like, the people are buying stocks, don't care to buy them on chain.
I'm paraphrasing because Wiz doesn't say it like that.
He was on a more intense.
And then he was saying the DJs who are buying memes and stuff,
they're not going to go to the stocks.
Maybe, but like we've already seen,
there's people who have made millions off useless coin in the past couple
of weeks.
Yeah. Maybe they want to park in something safer like the s&p or tesla nvidia robin hood i don't you
know name your your bigger stock play of the yeah of the quarter so i i think i see that use case
right and maybe and i was saying this the other day, I do think,
does it take a little bit away from your
higher value memes?
Like if you're betting on Doge.
Yeah, I do. I mean, Doge is a fucking
terrible cycle.
Because you think there's going to be
a meme cycle, but you're not really
sure.
And you're hoping for like a 2 to 3x.
Like now there's probably some alternatives out there
yeah
I told Tylee he's such a Pepe hater man
he's such a Pepe hater
I still have a bag of Pepe
Pepe looks expensive
at a few billion dollars
my Pepe's underperformed a lot
compared to
Pepe looks expensive thatformed a lot. Parcoyle looks cheap. Pepe looks expensive.
That's the time of thesis.
I need ETH to run.
I need you guys to finally run ETH up so Pepe can.
My Pepe is my best son the most out of all of them.
Like Mog is doing well.
Mog is cooking.
Like Mog is always top gainer.
One of the top gainers.
Rekt is obviously done really well
Barcoin's okay
Pepe's been kinda
Pepe's had a rough few couple months I feel
it'll just down to ETH
what?
ETH?
yeah
but ETH too like
every time it goes to 2600
we're here saying 3000 dollars
shit goes back to fucking I feel like ETH has, like every time it goes to $2,600, we're here saying $3,000. Shit goes back to fucking.
I feel like ETH has been packed to $2,600 for the last.
Actually, it has been.
Sideways since.
Let me tell you guys.
Today's price is the price it was 53 days ago.
So we'll see.
We'll get there.
You got to believe.
Joe Lubin
Tom Lee
hell yeah
you know
I believe
I believe in them
anyway
I actually think there's more belief
in the East community
than there's been for a long time
no no I agree
a long long time
this is the strongest
the community has felt
since
a long time
I don't know since when since 2021
probably the merge the merge but also since the etf announcements like etf that was a lot of
positive momentum when it ran back to 4k before it dumped again remember like that was like the
infos were good i think since since then i just wish they would show a little more love to nfts
i saw sergito share something from the foundation the other day
I think you commented on it
Mando or you retweeted it or some shit
I retweeted it yeah
and my comment was like there's not a single
mention of NFTs
not like
there's not much less
well there's still some good use cases like
Ethereum foundation could use like
you know could use that.
Anyways, Zoran is tweeting
that the bulls are in grave danger.
Zoran, the New York mayor?
Which one?
The other Zoran.
Zoran at home.
Not the New York mayor, Zoran. That's Zoran at home. Okay. Yeah. Zoran at home.
Not the other, not the New York mayor, Zoran.
Wow, he really looks like Trump's son in that poster, doesn't he?
He does.
Yo, he does give Don Jr.
That's true.
He gives Don Jr. vibes, doesn't he?
Yo, that is very true.
Apparently, we're in grave danger.
I mean, I would love to break out of that part here.
Guys, wouldn't it be nice if we finally broke out?
Yes.
Yes. Just break out, man. Just fucking-
I still think it's coming soon. I don't know if we're going to get it this holiday weekend. Of
course, I want the fireworks on the 4th of July, But it does feel like it's going to happen in July.
Maybe it's in a couple weeks.
If you're a true American,
and it's the first 4th of July
since Donald Trump is president again,
you're max bidding fart coin.
If you're a true American,
like fireworks,
you buy every coin.
You shill every coin.
I think 4th of July
all-time high would be poetic.
If you want crypto
to be Team USA, I think that's what
you should want. Anyways, we do have a little
time. What else you got, Tyler? Was there anything else?
Yeah, we can go down the risk curve
a little bit. A couple
interesting things happening in memes.
I mentioned Jupiter's launching their new
launchpad.
We're on track
for one launchpad per active trader
on Solana.
So that's going to continue.
But more interestingly,
the Let's Bonk
launchpad
flipped Pump Fun and Volume
yesterday, I think, for the first time.
Whoa.
They were like neck and neck at $100 it does i've been monitoring like the salon of mean board every day volumes
are down uh like now like the top movers on on a given day are typically in like the 10 million
dollar range and for a while like that number was like 20 to 50. So I think volumes are certainly trending down.
The main story is
Bankai. I was talking with
Logan yesterday, is there a meta right now?
And we kind of said there is no meta
right now. We're kind of in between
metas. But if you had to
pinpoint a meta and memes
right now, it would be
Bankai
meta. Yeah, let's see see let's see what you share
just quickly while I share
what Tyler just sent me
oh there it is just quickly
the code today forgot to give it a ton of show sorry guys
the code is FOMO
FOMO it's gonna be four winners
four winners four four four four four winners
four people are gonna come on stage and play
some Plinko with the lads and make some fucking
money so yeet.com make an account use the FOMO hour code to log in, place a bet, make sure your profile is public.
And we're going to pick four people today to win some money.
FOMO, F-O-M-O is a good one.
Anyways, back to you, Tyler.
Filter this by market cap and we'll get a sense for the guys.
So one thing, Bonk is starting to outperform on the large
cap meme space.
I've seen folks kind of coming out
and saying, yeah, this thing looks good.
Curling and kind of moving up off the bottom there.
I would agree. This looks pretty good if you think
we're going to have another big meme season.
He's also behind Fartcoin, which has
done well, but the big story
still is Useless. Useless has
just gone a month now.
If you look at the daily view, there's like five red days
in a month.
It is just up only.
What the fuck, man?
People have made a lot
and now people are starting to rotate to the
other
bonkai coins, seeing if they can replicate it.
Housiko
printed 50% yesterday.
Bongo Cat printed 40%.
And both of those are kind of hanging out
near all-time highs now.
That's insane.
We'll see if it has legs.
I mean, the bonk guy list is an interesting one
because there's a lot of overlap.
Like Popcat, I wouldn't necessarily call
like a true
block guy coin.
Same with fart coin.
But there's a lot of
cats in there, eh?
Hoseko, Bongo,
and Cat.
Cat, Cat. Yeah, he likes the cats.
Cats and
squirrels.
Interesting. I forgot peanut was on his list
I'm going to fade peanut
it did put a higher low I guess
oh I forgot peanut had that crazy rally
what a month ago or maybe a couple months ago
yeah we traded that
we gave the trade on here too
damn
I don't know what's going to happen with the useless
now it's also catching the narrative of it's the number one token on the damn. I don't know what's going to happen with the useless.
Now it's also catching the narrative of it's the number one token on the
Let's Bonk platform.
Damn.
So they're saying like,
let's go out and match the number one token on PumpFun,
which is Farcoin.
I don't know.
It's hard to fade this thing.
I mean,
eventually we're going to see a pullback,
I would imagine.
Nothing really goes up only, but
it's been very strong.
I'd argue with that.
That's it in memes, really.
Pingu has been another one. If you filter
all the top coins on CoinMarketCap
or CoinGecko on the seven day,
Pingu's number one by a wide margin right now.
So 70% up very nicely off the bottom.
Wow.
This is nice.
This looks really good.
If the market doesn't rally here because it's at that point here,
like you don't long it today, right?
You're here.
If the market doesn't rally today,
it probably gives a little bit of, if it goes up, but.
Tons of momentum.
Tons going on in the ecosystem.
They got another game coming down the pipeline that they're going to release.
Really?
And I do think there is now, like, if you were,
so if you want to bet on Luca and the Pudgy Penguin team,
how are you going to do it?
Are you going to buy the NFTs or are you going to buy the token?
Probably the token.
Probably the token. Probably the token.
I do think there's a world where the token soars.
I'm not sure that it carries the NFTs along with them.
How are the NFTs doing?
Let's see.
OpenSea.
I don't know.
Chopping right around 9.7.
They've been that for a year, right?
More.
Yeah.
I don't even know what NFTs.
It's just not.
Yeah, 9.57.
9.7.
Roughly.
It's like the sixth one.
9.6.
Punks are 38 again.
10.8.
Yeah, it's just quiet up there.
Punks really have not caught much action.
Yeah, I mean, they're getting schooled right now.
The spread is not great.
What is the spread?
I haven't even been checking.
So we're at 1098.
And the floor is 102.
So Punks is getting beat again by Bitcoin.
But they were beating Bitcoin for a long time.
Yeah, you're up 12, 15%.
Yeah.
And the board's still thin.
It's actually starting to
see some nicer stuff on there.
Yeah.
Oh, it's full up a little bit.
All right.
I've got my eyes on one.
Sorry.
Couldn't know it's for sale.
I like this one.
Yeah, it's a nice one.
If anyone's got a quick 100x that I could hit
so I could get my second.
Yeah, dude, if only
we bought Useless, right?
I know. I'm
kicking myself because... Same.
We were there.
I see this. I saw Bonk guy doing it,
and I just totally whiffed on that.
We're here every day.
We talk to the guy.
The guy's a hobby. I was talking to him about something else. We're here every day. We're here every day. We talk to the guy. The guy's a hobby.
I was talking to him about something else.
I forgot what it was.
He even tweeted, commented on my shit.
He's like, yo, did I show you useless not long ago?
I was like, fuck.
Him and I were talking about some trade.
I forgot what it was.
I was thinking it was peanuts or something.
Because when I was in the peanut trade, I bought a fucking lot of peanut.
And then I was like, yo, how much do you believe in this thing?
I was like, I'm in.
I'm like, okay, cool.
I just have to check.
I get a temp check on his peanut trade real quick.
But yeah.
Anyways.
It hurts to miss the layups.
Can't believe it. Quick story.
I think we have to quickly cover this.
Blur airdrop season four.
So if you traded NFTs on Blur in the last year,
you have an airdrop waiting for you.
You might be able to buy lunch with it.
Maybe a coffee.
We'll see.
I haven't checked mine.
Folks on crypto Twitter may not have even known, unless they're're following Cyrus because the Blur account didn't even tweet this.
Bro, that's crazy, by the way.
It was just in their Discord.
Damn.
Like, is Blur just done?
Is this the old Blur and Blasting finish finish?
I'm asking.
I'm not.
I don't think Blast is done.
What's going on Blast?
As I understand it, Pac-Man is still working on the app.
Okay.
Still iterating on that.
Blur feels like it's done to me.
I feel like they had this big roadmap.
If folks remember, they had that mind map and all the things they were going to do.
It was crazy, bro.
They had complete control over the NFT marketplace space.
Bro, they had control over everything.
It was like kissing this dude's ass like crazy.
Then they just stopped iterating.
I don't know.
If you're listening to FOMO or day one,
I just called this whole thing fucking bullshit
since the day it launched.
So I don't know.
I just didn't see it, brother.
I remember when Ovi sent this thousand ETH to the bridge,
and I used to mock him all the time on the show.
It was before you used to kind of mingle with us,
and we were friends and stuff.
But I literally felt like this whole thing was a house of cars ready to fall.
The whole thing from day zero.
The whole fucking thing.
And I don't know.
I mean, by the way, if you faded and you actually farmed it,
you probably cooked it first.
But over time, it was nothing.
We did good on when Blur launched.
I was LP-ing and made a quick little trade on the Blur token.
It's paradigm, right?
Quick little pump, day one always.
But ever since, it's been nothing since.
So, oh, well, that sucks.
The lesson is just like if you want to attract mercenary capital.
That's the thing.
Expect mercenary capital. It will come and then it will leave. Well, yeah, if you're attracting. capital. That's the thing. Expect mercenary.
It will come and then it will leave.
Exactly. Nobody's in this for long term.
It's just mercenaries are here to trade
until next day.
It won't stay.
Let's get to our giveaways because I do
have a hard stop in seven minutes.
Let's pick four winners.
In the meantime, I will pull up Yeet
and go on the Plinko.
So four people, four people right now are going to win some money.
All right, Simithay.
Simithay.
Tom Lee.
It's a hundred dollar stock.
Jesus. so that is ways of wang i mean make sure I don't have Ways of Wang on here.
Nope, we're good.
Number one.
Ways of Wang.
Let me just note this down.
No way, Ways of Wang?
He is like a proper listener.
Yeah, I recognize the name.
Yeah, Ways of Wang.
Proper Myriad user too too i'm pretty sure all right whenever you're done i'm going to call out all the names so they come on stage again.
Yep.
Delica Max, Waze of Wang.
Forgot what the other one was.
Bad habit.
All right.
Let's give away some money.
So good on that.
Okay, so do you have all their...
Oh, it's based on kick usernames, not X usernames?
Yes, yes.
That's the only issue.
So we can do it through kick chat,
but we're doing Plinko anyway.
So we're going to...
Yeah, no, I know.
So it doesn't matter,
but it'll change from next week.
So if you're on...
Oh, there's a fourth one.
And then the fourth a fourth one. All right.
So we had
Ways of Wang, Delica Max,
Bat Habit, and then Rub
2187.
If you guys are on x you can come up on stage you don't have to but then it's gonna go back to twitter news next week right you said uh we've been decisive
we're working on some yeah we should probably do that but it'd be nice to get people up it just
makes it a bit difficult but yeah for now those four we've got them names okay and they're kick
followers right we made sure that they follow us on Kick.
Yep.
They can't enter without.
Good.
Okay, good.
As they should.
You don't follow us on Kick, you don't win some money.
No money, no honey.
You know?
Because we gave you guys some money, so we got to get some streamers for that.
All right.
So here's what we're going to do today.
Congratulations to the four winners.
You each won $500 already.
So there's $2,000 given away. So no matter what happens today, you walk away with $500 per person.
Now, here's what we're going to do.
Here, take a screenshot of the amount here, 2803 Sims.
For you, here you go.
So boom.
2803.07.
Yeah, I sent a screenshot in case.
So here's what we're going to do.
We're going to do, so we're going to go to turbo mode
auto bet. We're going to do
lights.
We're going to do 20 bets of $100
and then you four are going to
split in four the winnings.
So instead of going one by one, we're going to split
in four. So everybody already made $500
but then whatever is won here,
you're going to split in between all of you. So's you go this way so we're in two thousand dollar
plink or so is this all good if it's if it's only 20 balls turn turbo off okay turbo's off
so it's 116 rows 20 bets cool volatility look at volatility you're getting higher than that
on volatility nope we're the highest perfect i think that's good to me. I like it.
Alright, let's
Alright, big money. So it's whatever is
803.07 plus whatever it ends in.
Alright, let's go. There's a 20. Oh, come
on. Go to the right. Go to the left.
Oh, that's good.
That's good though.
803. 31. though. 803,
3183 minus
803. So they made about
$2,300.
So $595
each plus the
$500. So every single
person just walked away with
about $1,100 each, if my math is
right. Wow.
Love to see that. Well, congratulations to the four winners. So we just gave away $4,100 each, if my math is right. Wow. Love to see that.
Well, congratulations to the four winners.
So we just gave away $4,000 on the show today.
I love that.
So we won't be here tomorrow.
Tomorrow's 4th of July.
So happy 4th of July to everybody.
With that, with that, with that,
we'll see you on Monday, 10 a.m. Eastern Standard Time
for another episode of FOMO Hour on RUG Radio.
Let's go! Thank you. .
