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FOMO HOUR: Tariff week ahead of us, weekend recap, daily news
Recorded: March 31, 2025 Duration: 0:58:39Space Recording
Short Summary
The crypto market is experiencing a mix of growth and decline. Notable developments include the launch of Galaxies, a Web3 platform, and D-Energy, a blockchain powered by renewable energy. Bitcoin miner Mara's $2 billion investment and the Trump family's involvement in a Bitcoin mining company highlight significant fundraising activities. The launch of the gun token from the AVAX game and the upcoming prompt TGE indicate active token launches. Despite some bearish sentiments, Bitcoin's dominance and Avalanche's success in gaming suggest areas of growth.
Full Transcription
Thank you. I don't know. maybe i was saying when i was on mute with tyler in the studio i was saying
i just auto add bongo to the stage as if it's like our own company accounts like i usually
add like fomo myriad rug radio like right away bang bang bang bang bang um and uh and i just
add them all and then i uh and then i just added Bongo this morning as if he was part of us.
Bongo, maybe you could become the show's mascot if you want.
Yo, yo, yo, yo.
Let's do it.
Okay.
There you go.
You're the official, unofficial mascot, Sam's.
Kick it, baby.
Oh, man. Thank you. Good morning. Good morning, GMG.
Hey, Monday.
Monday, Monday, Monday, March 31st, 2025.
Five, five.
Look at that.
Another beautiful day to have a beautiful day.
Oh, that's here, Montreal, Canada. I got my coast in the house tyler mando good morning how you doing today gm good morning um volatile volatile
day in crypto as per usual is the first morning today because i'm really tired of it i have no
tabs open on any price and i I haven't even bought an open
since trading view this morning.
So I actually don't even know.
Wow.
Yeah, but I have to find out, but I just don't know.
Yesterday night, I was like, fuck this shit.
I'm traveling for a month.
This thing's annoyed me all month long.
This price action is cancerous.
I'm just at this stage where I'm annoyed by it.
Tyler, good morning.
How are you doing?
Yeah, speaking of annoyed, I'm annoyed with the month of March March so I'm happy that we're closing yeah let's get out of q1 I agree not our favorite
quarter ever yeah we were everybody was hyped up for q1 you know Trump train all
that good stuff crypto crypto the moon February's historically such a
remember Tyler when you pulled up the February chart on Feb first like yeah Like... Yeah, historically the best month ever for crypto. Yeah, I was gonna say let's revisit
Q1, but maybe let's just not. Let's just skip Q1. Just like, you know, like boy math. Like you
spent on something, you did another thing, you just forget you spent on... Let's just do boy math
on the whole of Q1. Okay? And forget it ever happened. Okay, boys, we can agree to that. By
the way, Mando,
we have a new, I thought you should know, given that you're one of the co-hosts of the show.
As of this morning, we have a new unofficial official mascot for FOMO hour. It's Bongo.
I hope you approve of that. Okay. Perfect. Fantastic. That's, that's big Bongo. For Mando terms. Fantastic is a very high praise.
Anyways, today, first of all, happy birthday to my mom.
I got to squeeze that in.
Happy birthday to my mom.
You know, spent the weekend sobbing my mom.
We're traveling tonight.
So happy birthday to my mom.
You know, March 31st.
You'd love to see it. So hopefully, you know, Q1N slash my mom's birthday narrative.
Market turns around,
blah, blah, blah.
Anyways, with that,
we're going to talk about the market today.
We're going to talk about Tyler's Top 100.
We have a show partner coming on as well.
And then last but you know,
no spins.
Spins are Tuesday, Wednesday, Thursday, Friday.
So four days a week.
But hey, you should still listen to the show.
You should still educate yourself,
entertain yourself and retreat the show
because why not? Extra good luck and extra good juju for the spins the listen to the show. You should still educate yourself, entertain yourself, and retweet the show because why not?
Extra good luck
and extra good juju
for the spins the rest of the week.
And with that,
Mando,
no, no, no, no,
this show,
sorry, I woke up a little sick.
What, this show is sponsored by who?
Yeah, Galaxies.
Galaxies is a web3 platform
empowering creators and brands
to build unstoppable communities
with full ownership and independence
trusted by icons like Donald Trump,
Steve Aoki, Mike Tyson, and the NBA,
shaping together the future of engagement, but also Wallet Connect.
Wallet Connect is the connectivity network shaping the future of on-chain UX.
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next mando we really need to know what's next because i saw a press action this weekend and it
was not great yeah it wasn't that great this weekend, was it?
I think if you were signing in, you kind of just had that feeling where it's like, oh, God, this isn't going to stop.
And then it has stopped a little bit today.
So we rebounded.
We were very weak this morning again, kind of touched the local lows kind of across the board this morning.
We've bounced as the U.S. equity market has opened.
Interestingly, U.S. stocks are not doing that well.
The Nasdaq down another 2% roughly again today.
Tesla's down like 5%.
NVIDIA's down 4%.
That sell-off in tech stocks is definitely not stopped.
It's just that crypto is maybe slightly outperforming.
I don't know.
Or maybe we already had our sell-off over the weekend.
It is becoming kind of consensus that we're going lower, I would say.
And I think that's probably one of the more bullish things that's going on
in that stocks are the most shorted they've ever been since COVID.
You've had a huge swing in investor sentiment. in that stocks are the most shorted they've ever been since COVID.
You've had a huge swing in investor sentiment.
And it's just interesting to watch that sort of setup because,
I don't know,
stuff started to look a little bit oversold again in tech stocks.
It's either they,
we really are going down like 20, 25% and this whole ai boom is just going to completely dissipate or you're going to have a violent short squeezes in between or maybe
at the same time um but that that's not a great looking chart right there but it also looks like
a chart that does like rip in your face as well i think um i think that's that's
basically where people are like people are wary about macro more than they are about other things
i would say um crypto crypto just feels a little bit quiet that's all i would say like the timeline
the activity there's no more daily runners you know all those like
it's largely slowed down
and I think
it's just
the OGs talking amongst
themselves about
when this is going to turn around
yeah by the way there is nobody
left in
there's nobody left
I think that's like a yeah common common theme of what people
are saying on the time at the moment just like where is everyone right um and that's yeah that's
can you know there's 200 listeners mando on twitter spaces is that high no brother no that
is the lows of the cycle right like it's reflecting the the we're not seeing it on myriad
myriad is popping off we can talk about it later but like on viewership usually is why i see it you
know mando live listeners i mean we do have like youtube and x broadcasting so we kind of like eat
on each other on the show sign bring bring up crypt bring up google search trends bring up
crypto yeah it's um it's a good thing to Bring up Google search trends. Bring up crypto. Yeah.
It's a good thing to look at.
I mean, usually I look at Chartbeat for Decrypt, and that's how I know.
And I'll tell you guys the month of March numbers in a second.
But yeah, that's usually how you know, man, though. We had a record-breaking month of Jan, and then February sucked, and then there was less
views, and then March was probably on and off because there was a lot of headlines
though.
But you know,
it's been interesting time this quarter.
Yeah.
It's not been easy for people.
I don't think.
And they probably,
you know,
they don't want to listen to us anymore.
So it's,
I still think we're in for more of this.
That's the thing.
Like,
I think we're in for more of this job. I thing like i think we're in for more of this job
i think like i said the most bullish thing is that that that people are positioned for a sell-off
a lot more and quite violently if they swapped that way so normally in those sort of scenarios
things i've have to go really cataclysmically wrong or it's not it's nowhere near as bad as
people thought it was do you know what
i mean it's like we're going down 20 30 or it's like a bunch of shorts try and push us lower and
never really gets that much lower um and i i think i'm more in the um in the second camp here that
like i don't think it's going to be as bad and i uh i still think bitcoin's gonna outperform
in this world yeah uh what a can't say but i don't think it's gonna be as bad
you heard the man you heard the man he pretty much said everything bitcoin dominant 62 and a
half now btcd i feel like we've been there a few times now.
Oh, wow.
Looks beautiful.
God damn it, man.
You see this chart, you buy the shit out of it, right?
I don't know.
Tyler, I mean, you're sending me some Bob Lucas hopium.
We like it.
I mean, is it Hopium? I mean, I hope so.
I mean, is it hopium?
I mean, I hope so.
Well, it's the opposite of that.
Oh, is it?
Yeah.
Oh, God.
He's saying that he thinks
stocks are in
for a continued downtrend
into June.
And basically that rallies
will be sold off.
Which I feel like is also kind of a consensus
view right now.
we're seeing more of the reality behind
the tariffs. Unless the tariffs are all just magically reversed,
which doesn't seem to be the case,
it's going to take a little while for those
to really start to have their impacts.
So I don't think a huge surprise there.
I think what's jumping out to me is crypto,
I mean, at least Bitcoin.
Maybe we have to separate them.
Bitcoin is holding relatively strong.
I'm looking at the one-month chart.
It's down to 1%.
We are basically just straight sideways
with some ups and some downs
over the last month.
So I think you can take some solace in that.
And just because if stocks go lower
for another couple of months,
I don't know that...
I don't have the gut feeling
that Bitcoin's going to grind all that much lower.
I'm sure maybe we'll go back into the 70s on some bad days
but it feels like it's holding
up pretty well.
And clearly more and more big players
are buying. Is someone buying
this morning? What's driving
these candles?
We had Mara
come out and say they're going to buy 2 billion, didn't we?
Obviously,
is constantly buying.
Bitcoin is, you can see that.
Bitcoin dominance is 62.5%. That's so crazy.
It hasn't really moved.
Like, 83 is where Bitcoin has been for a long time now.
Many, many weeks.
I've done,
yeah,
so you just up down
around that sort of level.
Wow.
Well,
Bitcoin Dom could probably
go back to 70% here.
Yeah.
I mean,
it's also because Ethereum
is just outperforming
like crazy, guys.
Underperforming.
Under, yeah, sorry.
Underperforming.
Insanely.
I mean,
it's just not catching a break.
Last night, the ratio
briefly hit
I know.
Go on, Bitcoin.
I continue to think that, like, and I said this
on the Real Vision show we did on Friday, I continue
to think this is actually one of the most dangerous charges
in crypto. Because I think a lot of people
Oh my God.
still have the risk-reward mindset of this and think eth is like oh but it's gone down so much
but you could have said that at literally any point that's the thing right you could have said
it here could have said it here you could have said it here and now you said it here and then
people saying it here like and that's a really scary thing because I think that logic
just never really stops.
And I think people think,
oh, it's a good defensive trade
to open maybe over a bear market.
Now it just looks like,
I don't think that thing
might turn around, guys.
But this is,
can we talk about like the impact
it has on crypto as a whole?
Like,
does it have an impact?
I think it points to the transitory nature of L1s to a large extent.
Right.
Because while ETH is going down,
there are other L1s and L2s,
L1s mostly gaining traction,
right?
There are,
but I think this changes the investment thesis for a lot of L1s.
Someone said ETH refund from the ETH refund from FTX is going to be juicy.
I think you're getting your ETH back at the price ETH was.
I'm not joking.
I think it was $1,600 when FTX busted.
It's almost $1,600 and ETH is even.
ETH looking burdened by what has been.
It's been of Kamala.
But yeah, this is...
Fuck.
This is not great, man.
It's not good for the Punkway show.
I think...
We can talk about that in a second.
I do think it does make it harder
to have real
conviction in new L1s.
If ETH is proving that they're all going to trend to zero against Bitcoin,
you kind of have to pick them up as trades.
Wow.
The jury's still out.
If Solana continues its trajectory,
maybe it can break the trend to a degree.
I know Bitcoin doesn't look great either right here.
But yeah, that one's hurting.
As for Punks, I guess we just got to hope people keep pricing these in USDC.
Maybe on the Punks website, if you guys are listening,
maybe just remove the ETH price that's on top of the USD price.
$28,000 right now.
I'm not going to lie.
The ratio is not,
the spread is not bad.
You know,
the spread is not bad.
I suggested a spread market
to our team this week.
I don't know if they're going to go for it
because sometimes the resolution is hard.
So some markets are hard to make.
I suggested a spread market
to the Myriad team.
Bitcoin to ETH, Bitcoin to punks.
Thought there could be a funny quarter one, but yeah.
Mando may pick up a punk for like $25,000 at some point.
He's gone.
Actually, Mando and Ovi may buy crypto punks from Yuga Labs.
Canary Labs may actually acquire the punks.
That would not surprise me.
I've been hearing things.
ETF coming.
Yeah, it's just a dangerous one.
I have broader thoughts just here a little bit more about,
and again, I've said this on the Real Vision show,
just that stablecoins are just becoming so strong.
And I do question whether the new entrants are even interested in our L1s
or if they'll just become more just gas tokens
than they are forms of exchange.
We all price stuff in nfc is priced in eth and what we
just said about maybe they should be buying dollars and meme coins obviously had like
soul pools and all this sort of stuff but i don't know like i just feel as though the new
entrance doesn't actually well the money the money over the next few years is going to come in
is going to really be around RWAs
and stable coins and I just
I actually think that can be a bit of a threat
in some ways to some of these coins
like does the
dollar, does the USDT
or stable coins
become a
become more of the form of exchange that we had.
I don't know, but I see that narrative.
I just see why people are bullish right now.
And it's on RWAs almost exclusively.
Yeah, I mean, you saw that report.
We didn't really cover it, but Dan Robinson Paradigm posted a report
of what TradFi is interested in crypto.
The number one thing was RWA.
Number two was stablecoins.
Number three was decentralized exchanges.
Number four was prediction markets.
That was the top four.
And there was a list of 10.
It was actually a pretty decent report.
I'll retweet it again so people can check it out.
But it's true.
There's a lot of excitement around
that, and it looks like what they're building
towards. Anyways, Tyler, do you have something
to add, or do you want me to...
Anecdotally, I'm seeing that same
trend in the trenches
where previously someone takes profit
on a meme coin trade. They swapped the
sold. Now, I think they're swapping
the USDC.
Yeah. People are trading dollars
to...
There's other
things like maybe that's because
macro's bad, people think Solana's
not doing well, but
it's just another
data point in favor of that theory.
What do you
think about Sol here?
Because I see Ansem retweeting now that he thinks Sol's like
one of the best shorts in
market
so that said and I was like wow
that's quite a departure from him
what do you think here
like if the casino stops or slows down do you think it can keep do you think here? Like if the casino stops or slows down,
do you think it can keep,
do you think it's,
it's obviously down a lot,
but do you think it's,
it's looking vulnerable or no?
I think this is the spot where Seoul is like,
it's like that 127 price,
right?
We've seen that all cycle.
It was a price needed to break through to like make new highs.
And now it's been kind of like the floor here.
I don't know.
I don't see,
I still see even like the occasional runner,
let's call it.
This is no more daily runner,
right?
It's still in Solana.
I mean,
what do you,
like, I agree with that, but like, that's and and but i think we have to understand that in the context that the
the amount of activities is really going down like it's starting to be overtaken pretty comfortably
by the blockchains for fees now so this is the tweet you're talking about they shared why is all a good
outright short or a good short versus any other btc or crypto long and then he for jow get a
pretty good answer but i'm not talking about how eth has been a more popular short whereas soul is
where most of the on-chain activity is these days so basically why would you short the one active
chain when there's tons of other ghost chains with similar properties, but no one really using it?
So the cleaner trade, in his opinion.
I don't know.
Well, that's the big question.
Like, is XRP...
Like, XRP, like, those aren't they better shorts than stole itself?
I actually don't know. But one thing I have noticed here, and one thing I have noticed is that
trades...
It's also...
Popular longs,
or trades which are
consensus, this is a good thing
to own, are actually the things
that are getting smashed the worst.
If you see something
that pumps, actually it tends to draw attention to it, and If you see something that pumps,
actually it tends to draw attention to it
and then you see these horrific moves
afterwards. I look at Farcoin as
prime example, right?
Has this
gets some attention,
roofs up to 600, and then just
smashes lower.
Smashes lower. And I saw
the same thing even with bearer chain, right?
Like as soon as something gets a little bit of attention,
it's like, oh, this is the thing to own.
Like everyone just attacks it.
Do you know what I mean?
Because that's where the most recent money has come into.
So I don't know what this market is.
Like Alana had a very similar looking chart like pumps and then as soon as it
gets some attention right here and yeah it just like gets absolutely smashed lower so i was
surprised by that last smash lower i have to say i agree like i was so surprised that we didn't
break through here it's the ones which like no one's really paying attention which seem to be
outperforming like look at tron well that's because tron is yeah that's true i guess it's in
some ways like not having nothing going on it's actually slightly better in this market this is
like i know it sounds strange but like if you have stuff going on and people are trying to do stuff
on your chain or there's activity it feels as though that's what people sell because they're losing money on the other stuff.
Or at least that's what I've seen.
The thing with Seoul
is definitely not the best short out there at all.
But sure, like the rest of the market,
are you buying anything?
But it's definitely not a short
because there's a lot of good,
there's a lot of catalysts for Seoul.
Seoul is the next ETF in line.
Seoul is where they're constantly working on new product
apps, the Nikita Beer last week news. Seoul is always constantly man share on top of it,
no matter what they post, do or say, whether they're good or bad. This cycle's meme coin
is far coin. It's on Seoul. Every time there's a daily runner, if there is one, it's on Seoul.
Last week, the routine trend. It didn't launch on TRX. It launched on Solana.
That's my thing. Then you have the potential TRX. It launched on Solana. So that's my thing.
It's like,
and then you have the potential ETF news that could come out any day.
Then this,
then that,
then the government wants to build on a blockchain.
They're considering.
So like,
there's all these little things on Solana that if you have a lot of shorts,
there's so many things that could destroy the short,
but again, I'm not a short trader.
So I've never shorted my
life i i'm not sure to do that i'm just i'm trying to say is like i guess what i'm trying to say is
that the actual focus on it and like that people are bullish on it i think can be a bit of a
dangerous thing yeah of course what do you think in this market where everything is getting smashed
like the consensus this is a good thing to own versus ETH
can also get absolutely smashed.
And that's what I tend, like, and also people sell pumps.
That's the other thing I've noticed right now.
Never buy a pump in this market, like ever.
In fact, that's the stuff to short.
So like whatever you think
is like oh this is a
this runs up
this is going to break out
we're going to return with this coin
that's the stuff that looks the worst
or like it's absolutely hammered
what do you think Tyler?
what he's saying
makes absolute sense and matches
what I'm saying but i feel like that could also
be reversed so like we're in a downtrend so if and when a bottom does happen and we start grinding
back up i think the the tokens the chains that had the attention are going to be the ones that
catch the bid the fastest as well um but yeah it's hard to argue that the folks are looking to
to short the tokens that run and all the pumps are getting sold off i feel like it's hard to argue that the folks are looking to short the tokens that run
and all the pumps are getting sold off.
I feel like that's going to continue, right?
Until we figure out which way we're going to resolve.
Yeah.
I think Sol is going to still be here in relevant in three to five years.
Let me, like if Sol went to 90, I think that would cause
a lot of pain. Whereas if ETH went
to 1,500, I think people
are already, like...
Well, they've already sold their ETH, right?
That's what I mean. I feel like a pump in ETH is actually
like the thing that would cause more pain.
And I think a sell-off in Solana
would cause more pain. And I'm just saying
that in this market, it feels like people
are just going to be in pain.
Have you not already had the mega sell-off on Seoul though?
It's like it's down as much as ETH, right?
Or more?
I'm just telling you in terms of positioning.
And I think that that is the risky thing
because that's, again, the same reason
why you would have bought ETH.
But this is down so much,
therefore it can't go down more.
It's just a really horrific way to consider trading about stuff in in crypto in my opinion but then that that can
discontinue like for a long long long time boys i have good news first of all crypto dude i think
you're right it is a downtrend and then someone says solana is where all the sneaker flippers are
perpetually.
I actually agree with that as well.
We've seen every other narrative go coming in and out.
I have good news though.
Kramer on CNBC today said, I can't think of a dumber day to buy stocks than today.
Deal with that information what you will.
Kramer said it is stupid to buy stocks.
Look, Mendo, obviously'm obviously I'm my,
my two bags are Sonic and soul.
So like when I,
when you asked me this,
I will always have a bias towards Solana.
Yeah.
But the reason why my bags are Sonic and soul is because Sonic for me is
going to be the home of DeFi 2 point,
like this 3.2 or whatever the fuck you want to name it.
It's where the DeFi TV is happening.
The numbers are not lying.
Like they're on chain flow.
I know you've shared that Mando.
I've shared them as well.
So that's where it's happening. But on the the flip side solana is where i still see the
streets the trenches the fucking thing happening and as long as like a video is going viral it's
still happening on solana the meme corner of it i'm still going to be bullish on that you know i
mean so that's i know it's a very i'm going back to a certain extent here when I see on Sonic like I see a lot of happening on
Sonic and on Baratink yeah right Baratink last week got a ton of like and then it's just
whack but it was also yeah I know what you mean you're right you know what I mean like the
attention in this point of the market often means that money's flowing in there and then
everyone just gets smashed are smashed because you can't
sustain it. Is this Mendel realizing and making us realize that we may be in a bear market?
I'm just saying. I don't know. You're asking all these questions. I'm questioning my life.
I've been a crazy during this cycle, but I think it can be really dangerous.
He's made me reconsider my entire life in this last
10 minutes guys if for you or you're listening like everything you're asking me i'm like fuck
it's just because it's a downtrend every pump on every coin you've talked about far coin barra
sonic solana bitcoin you've named all these coins so far this last 15 minutes and all of them that every single time they're good coins all of them and every time
they've had um i was last week with avax and i was like same it had all these runners it's going
it's going up to 23 maybe 24 maybe this is a thing i'll break out and then just because it popped
its head above the parapet it just got smashed and just underperformed for the next seven days.
And I was like...
I know.
But you know why?
Because you asked the main question about Solana.
Because Solana still ran the hardest with one of the meme coins being the best runner,
which was Farcore, when Bitcoin ran again to 87, 88, right?
So those are the little signs I look for.
I'm definitely stuck in spot bags at this stage
and i'm just gonna like go on my trip and chill you know i mean like this is i think this is what
everybody should do until until the summer if everyone calling for june mando still my quant
my quant too cram wave he's hey mando still my quant though of course he is i think i think mando
just made three bulls realize, including himself,
that we may be not doing great right now.
Do not buy momentum.
That's what I'm saying to everyone in this market right now.
Do not buy momentum and be very wary of,
of consensus.
This is the thing to buy longs because on the bad days,
those are the things that just get smashed.
We need a video of this show,
just Tyler's facial reactions, this entire show with music. bad days those are the things that just get smashed we need a video of this show just tyler's
facial reactions this entire show with music and it's just tyler listening to mando like fuck this
i'm as permabullish as you for even i've come to terms that we're probably got a few more yeah
that's the thing i'm at the same it's like i my spot bags. I can't do anything about it, Tyler.
I'm just going to hold them, you know.
Show up to work every day. Show up to work every day, you know.
Look, on the flip side, we'll go to your topics, Tyler,
but you have the stuff like Gunzilla opening at a billion.
I know you're going to open with that.
Myriad just smashed through a million dollars in volume.
We've already put 20 more percent on top of that this weekend.
There's a lot of apps are killing it.
Kylo, the TGEs have done well in this quarter. So let's go to your topics that day, Tyler,
because there's some better news there.
Well, surprisingly, folks, crypto majors are great here.
We're up 1% to 2% despite some deep macro and tariff concerns
coming out of some volatility from the White House yesterday
regarding a third term, bombing Iran, Trump being angry at Putin and more tariffs.
So it was quite a day of piercing volatility from a macro standpoint.
During that, ETH Bitcoin hit a new low, 0.0218.
That is a five-year low.
This morning, we got news.
The Trump family is investing in a Bitcoin mining company,
which will fold into this new company called American Bitcoin.
They're also going to look at a strategic reserve.
We had Bitcoin miner Mara raise $2 billion to buy more Bitcoin.
They're the number two holder for companies.
Then Saylor, breaking right before the show, he bought another $2 billion at an 87K average.
So the companies are piling in.
On Friday, we saw the FDIC give banks the green light to engage in crypto,
saying they can conduct permissible crypto activities without prior approval.
Japan, somewhat similarly, their financial services agency
is set to formally position crypto assets
as financial products.
On Friday, we also saw Trump pardon
the BitMEX founders
after they pled guilty in 2022
for failing to implement
an anti-money laundering program.
Saw Arthur Hayes parting at space, I believe,
on the back of that news.
And then FTX plans to begin repaying larger creditors.
They still have an $11 billion cash pool to pay that out.
In token airdrop and protocol news, kind of a lot of news, actually.
This guns token, the gun token from the AVAX hit game off the grid,
launched at a $1 billion FDV.
So a strong open there.
We have OpenSea.
Go check your Open c people if you bought an nft and held it
over the past six weeks you're eligible for this latest xp package oh so go check it out wayfinder
on the parallel prime team they confirmed that prompt tge will be within the next uh one to two
weeks so it was a delay it was supposed to today, but it's going to come soon.
Shout out to Myriad. Crossed $1 million in lifetime volume. I'm probably a big
milestone there. Rounding this out
in AI and memes and NFTs,
AI sector is down about $5.5 billion.
A lot of red on the board.
Meme leaders down
about 3% to 5%. Meme still
notably 50% of the overall DEX trading
volume on Solana. Pump funds still
making $1.5 million
per day.
One interesting story here. Tiger King
Joe Exotic. He didn't
interview with Decrypt.
When asked why he dropped
the meme coin, his answer, I'm knee-deep
in lawyer bills.
At least he's honest.
He was honest.
And so were market participants
who did not buy his coin.
Market cap.
And then in a tease,
Taproot Wizards dominated the weekend
from a volume perspective.
That floor was at 0.16 Bitcoin though
this morning.
So that was down under the mint price.
And then those quantum cats
will become unentangled today.
So some of those may be hitting the market later today as well.
Yeah.
Yeah, the cats.
Yeah, the quantum cats.
See you, Vando.
Okay, there's a lot to unpack here.
There's a lot to unpack here, a lot to unpack.
Where do we even start?
Let's talk opportunities because we went through the 30 minutes of
bear market.
Therapy is not the right word, but just
I mean, he's got a point, right?
He's got a point.
For sure. But
I think the
for those who do still show up every day,
there are opportunities. So I think that
is what I want to highlight.
And this gun token is the newest.
This was a huge sign for Web3 Gaming. This is tied to the Off The Grid, the team behind that
game, Off The Grid, which is a very successful Web3 game. They're going to launch this Godzilla
AVAX L1. The token, admittedly, it has a 6% circulating supply, so certainly low flow, but $60 million market cap, $1 billion FDV here at Open.
So folks who were grinding that one, I think, have to be quite happy about that token Open.
This comes after last week.
Walrus token hit $3 billion FDV.
Wow.
So we've had a lot of successful...
That is incredible.
And what is...
Many people are calling a bear market.
I don't know if we are ready to label it.
It's an opportunities market.
Yes.
So I think that was a huge one.
Love to see that.
AVEX has a lot of momentum.
They're always on top of it when it comes to gaming, man.
Always, always, always.
When you tell me there's a game that's doing well
or that has done well, that is somewhat has momentum,
I hear the word Avalanche after this.
And I'm not being pegged to say that.
I don't have any holdings, nothing.
I didn't participate.
I'm not a gamer.
I suck at it.
But I have to give credit where credit is due.
It's always on Avalanche.
Yeah, they've been doing well. They also had
a nice little meme coin cycle
meta here the last few weeks.
And some people made some money.
There's been some action over on AVAX.
And then in the NFT streets,
if you show up,
buy, and hold NFTs, now you're
getting this OpenSea XP points.
So that's how they're giving it.
I got zero XP.
You did I?
So I laid the NFTs I bought
were CryptoPunk and then Masks
from Sam Spratt.
And I bought those on Nifty.
I don't remember last time I bought an NFT.
I'm like, I don't think I bought an NFT
in like a year, two years.
I don't know.
So I've done $150,000 in NFT volume
and have zero OpenSea XP.
Not great.
Can I just say the OpenSea homepage is so beautiful?
People are loving OpenSea too.
The redesign they've been taking, user feedback.
That is so nice.
Oh, look at that.
Hey, where are we?
We got to put our shit up there.
All right.
But dude, this is really nice
oh they have coins on there it's true I forget you can
trade meme coins on OpenT now
this is really nice Tyler
I just realized this must be new
this new homepage it is beautiful
they've been redesigning it and
they've been continuing to
climb up the market share
as well
I think when they TGE bro with all the little things they're doing And they've been continuing to climb up the market share as well.
I think when they TGE, bro, with all the little things they're doing,
I feel like they're much more mindful in the way they move now,
OpenSea in general.
But you know me, I'm always positive.
So please, OpenSea, please prove me right.
Please, I beg you.
I think this could be a good airdrop when it happens.
When it happens.
It doesn't have to happen today.
I think so too.
This is really positive.
We'll see what happens.
Let me see these prices real quick though.
Yeah.
I mean, what? Apes are up.
14 ETH.
Oh, crazy eye floor. I know what that means.
Do you know what it means?
When the floor is crazy eyes and apes.
Yeah.
It's historically,
historically when the floor is crazy eyes,
it's usually a pump after that.
But we'll see.
We'll see if that still happens.
So what happened to Doodles?
Was this a little bit of,
a little drama happening on timeline?
I haven't seen too much.
The former CEO
he listed his doodles
yeah where's Steve's page
I think you posted about it
no not this Steve
so he's selling his doodle
okay
yeah I think that's a little bit of
so he's listed this for $10,000
that is historical
someone should buy that
I think it's a nice one definitely a collectible So he's listed this for $10,000. That is historical. Someone should buy that.
That's a nice one.
I mean, it's definitely a collectible.
It adds to the collectability of the doodle.
Very interesting.
Anyway.
They're kind of going through the shift.
Yeah.
And something I saw on your board, abstract NFTs.
Abstract continues to have some nice green on the board you just on every day i log in and check there's usually you know a handful of collections up 10
to 30 so there's definitely plenty of signs of life in in the abstract nft eco and then the
other headlines separate wizards over on bitcoin i think we got to quickly talk about that.
They did like on opening day,
I think $6 million in volume,
a pretty significant number compared to like what we've seen compared to the rest of the market now down about 20%,
25% from the price of 0.2.
So holding out at 0.16.
There's going to be some supply at the market here.
Or not supply rather.
There's going to be some quantum cats hit the market here when those
untangled ones come out.
I don't know what to,
how to read this one.
I think this is a little bit lower than I would have anticipated,
especially with the ducks auction came out at 0.31.
We'll just be a sign came out at 0.31.
We just need to sign the times for Bitcoin.
Yeah.
And people just aren't ready to go risk on in this area yet.
I mean, risk on, brother. This is a fucking $17,000 NFT too, right?
Yeah.
Like even a 0.16 Bitcoin.
Like what's 0.16 times $83000, it's $13,280.
And let me not do the conversion in Ethereum.
I mean, you want it in ETH?
That's 7.5 ETH.
7.25 ETH.
You want it in Solana?
Hold on.
Let me do it in Solana for you real quick.
It's 126.
Oops.
I did 166.
My bad.
It's a lot of Solana.
Let's just put it that way.
You know?
It's 100.
100 total. Actually sounds less bad on Solana. Let's just put it that way. It's 100 total.
Actually sounds less bad on Solan and ETH,
I'm not going to lie.
Opening to a 74, that
makes it the fourth highest PFP
collection across all chains, and that's
still a very strong open.
Yeah.
As you know, I've said, I love
Udi. I love the team.
I'm a fan, but I don't have a read on the market of this either.
And so I can buy anything myself.
So that should say something, right?
I don't know.
Like I didn't rush to buy one of these prices.
If it goes to 0.1, I'll buy Wizard.
Big if, by the way.
You know what I mean?
Yeah, I think there's going to be a number where these just start to get very attractive.
0.1, I'd buy Wizard just because I like them but they're so funny looking
anyways so that's that
do I dare look at the rest of the ordinal's prices
or am I going to like ruin my day
Bongo's laughing
I think the other takeaway
here is like
it's going to be hard to see the other
collections run
oh my god It's going to be hard to see the other collections run. Oh my
God.
0.03.
Bro, how a puppet
0.04.
What a round trip.
Yeah. I'm feeling like Faroq
in 2022. Not
2021.
When I realize
I'm round tripping my shit.
Anyways, what else, Tyler?
What else is you?
I see Shafi and his two.
We're going to go to you in a second.
Yeah, we'll go to him in a second.
What else have you got?
This is another opportunity.
There's ways you can,
there's like some quests that you can do.
You can just open up wallets,
cross different chains,
do some basic transactions.
That's where you earn some points.
Of course, if you want to do
invest capital, you can
buy the Prime token and cash. Of course, that's
a more risky trade because the Prime
token could go down.
But there are ways to
still
get some exposure to that. Also,
yapping is one. You can post content
about Wayfinder
and get rewarded on Kaido and perhaps
from the team as well. I totally forgot
about this. I used to check it here and there.
I'm starting to disconnect.
Oh, I have a lot of yaps. Holy shit.
Not bad.
I don't even try.
It's not bad. 3,000 yaps.
Huh. Do you still
yap, Tyler? You love it.
You got like a master's in yappingomics.
I mean, more of my jobs is to show up.
That is true.
That is kind of your job.
And you are very good at it.
Engagement is hit or miss these days.
Dude, engagement on weekends is like dead.
Sundays? Yo, y'all in the audience, how is your engagement on weekends is like dead. Sundays?
Yo, y'all in the audience, how is your engagement on Sundays?
I have to say engagement on Sundays is busted now.
Like nobody's home on Sundays now.
You know?
It's been something.
It's been something.
All right.
Well, Tyler, do you have anything else?
If not,
I will go.
Pardon?
That's the roundup.
All right.
All right.
All right.
We are ready.
Thank you, Tyler,
for bringing some spirits back up
into this well-needed show.
But listen,
we're keeping it real.
Tomorrow is the start of a new quarter.
Inshallah,
it's going to be a good quarter
for all of us.
We'll see.
All right.
Let's bring Shafi,
Rafi. I got to say, that's probably the coolest name we've had on the show
you know I gotta say
what's your name
my name is Rafi Shafi Rafi
you know what I mean it's gangster
what's up Shafi how you doing
what's happening how you doing guys
we're good we're chilling listen
I guess we're very eager to end this quarter
you know sounds like consensus here we're, I guess we're, we're very eager to end this quarter. You know, sounds like consensus here.
We're excited for this quarter to be left behind.
I feel you.
It started well.
It's kind of, yeah, not done so well since then.
Yeah.
I pulled up the monthly chart earlier because of Tyler on the show of Bitcoin.
I was like, wow, January was amazing.
Like the month of January straight up to 110 BTC.
And then, and then February and March were just like one after the other red months.
But listen, if it was easy, you know, we wouldn't, you know, it wouldn't be the way it is.
Tyler loves to put it that way that we need, you know, it needs to be hard.
It has to be hard for us to enjoy the ride.
And I think Tyler's right when he says.
Anyways, Shafi, on to you.
I mean, look, it's a builder's market we talk about this so i'm assuming things are going well looking behind you at this
wonderful office that you uh looks like you have so shafi why don't you give us a little uh tell
you know who you are you know and what you guys do so i'm shafi uh founder ceo of the energy founder CEO of D-Energy. We are the first layer one blockchain to be powered by energy,
renewable energy. So as you guys probably are well aware, most layer one blockchains are either
powered by a proof of work or a proof of stake. So staking native coins to power or to validate
the network. We have pioneered and developed a new consensus mechanism which requires our validators to stake renewable energy in the form of RWA NFTs.
And these real-world assets, real-world renewable energy assets, in the real world, they're called REC, Renewable Energy Certificates, which is a certification standard which is issued to every clean energy producer, whether it's solar, wind, or whatever.
So our consensus mechanism requires the validators or the nodes to stake these in order to secure the network.
Okay, wow. The first L1 that's powered by renewable energy. That's super interesting.
Wow. The first L1 that's powered by renewable energy. That's super interesting.
And also the first L1 that's powered by not the native token, but actually by an NFT in the form of a real world asset.
Interesting. Okay. Wow. You definitely got my curiosity here.
So what makes you guys different from every other project? I'm assuming this is it, but do you want to maybe dig in a little deeper, like into this whole NFT? I'm curious.
But do you want to maybe dig in a little deeper, like into this whole NFT? I'm curious.
I think most projects, most blockchain layer ones, they essentially build the code.
You know, the kind of metrics that they compare themselves are, you know, TPS or, you know, the scalability or what other mechanism that they find that is their unique selling point.
And then once they deploy and they launch, they start to look for use cases and for
utilities. Our blockchain is natively built in a use case, which allows the freedom within our
wallets natively to be able to trade peer-to-peer renewable energy. So the current renewable energy
markets, the way it works is in order for you to offset your energy, which as we all know,
with the electrification of the world, with electric cars and AI data centers and things like that,
the agenda with net zero by 2050 to allow people to offset their energy seamlessly.
The current system requires you to register with the local registry
that you can store the renewable energy certificate.
And then you would have to go find a broker.
The whole system is really archaic and actually a bit outdated.
So, you know, to me, my background is actually from renewable energy.
I was a commodity trader and obviously an early crypto adopter.
And basically, I kind of saw that this could converge and synergize into actually one ecosystem.
So what we're building is what we call the energy-backed economy.
Our tokens are the
fodder of a thousand times offset energy. So every time our network uses one megawatt of energy,
we offset a thousand megawatts of energy. So it becomes a regenerative system. So we're not just
net zero. We're actually adding clean energy into the environment. So by engaging with our network,
you're hitting all your ESG targets,
you're helping the climate and the world as a whole,
and you're actually also profiting from it
because we have the possibility of staking energy,
which didn't exist previously before our change.
And yeah, there's so many moving parts to it,
being a fully integrated ecosystem.
Yeah.
This is interesting. So, I i mean there's a lot to talk about so i mean i would start the basics and say what we've done
with democratizing energy we're allowing it to be tradable so for example in the u.s only u.s
companies buy renewable energy certificates in the uk only uk companies will buy the locally
produced ones.
But within our ecosystem, it's borderless. So somebody sat in Dubai can buy US certificates,
they can stake it to earn a yield, to earn a return, they can do all sorts of things. They
can stake it for, they can buy it for speculation, they can buy it, you know, they can set it and
put it in the marketplace and, you know, see if there's anyone interested in buying it for the price they set.
So yeah, the whole concept of the blockchain is actually to make the foundation layer of
our blockchain renewable energy, because the way the world's headed, everything's being
electrified.
So it should be like the foundation of value should really be in a digital world.
You know, the value should be uh energy uh clean energy
i like that that is very unique i've never heard of something like this that's so interesting
yeah we're taking a different take on blockchain technology you know our vision so what pushed
you to do that like why why are you doing this so i mean there's many reasons first of all like i said i have a
background in renewables so understanding the markets from the inside and understanding the
intricacies and and the complexities for the average person to engage so i mean the best
example i would use um would be if you remember forex for example you know in the early 2000s
you know you could go to a bureau of the change and buy your dollars and exchange it for yen or whatever.
But no one ever really did that to make any profits.
No one would ever do that.
Then suddenly in the late 2000s, 2010, 2011, everyone suddenly was a Forex trader because all these applications came and allowed it to be easily tradable.
applications came and allowed it to be easily tradable. They did the pairings and all of these
They did the pairings and all of these things.
things. So for renewable energy right now, which is probably a fundamental, one of the main
fundamental resources that people should be looking at or people should be investing in for,
you know, the future of this planet, it's got such an archaic system. Like I said,
the system's so fragmented and it's so disjointed that bringing that on chain only made sense to me and you know
we've you know we've been developing this project uh should we say uh you know black ops you know
without any uh any kind of marketing or anything because you know you have you have chains out
there that have 100 million dollars available to deploy but without you know any real idea of how
to uh utilize it so like i said we have an inbuilt
utility and what we're actually doing we have a use case which is you know helping renewable energy
and helping renewable energy producers benefit have liquidity and have you know instant customers
remove removing the middlemen um so yeah we're democratizing energy interesting i like that i
like the uh so is that. I like the...
So is that like the big vision here,
like your North Star?
Because I'm looking at the...
Sorry, I'm just like going through your website
while you're talking, but...
Yeah, go for that.
And that's what I'm sharing on the timeline,
which the website is d.energy,
which actually nice domain you got here.
And there's the white paper,
there's manifesto,
website is looking clean,
very easy to see.
So for those of you who are listening on audio
and you can't see what I'm sharing online,
just check it out, d.energy, can you can learn more about this there's a
white paper and there's a manifesto that's pretty like short and sweet and pretty clear here so is
that your north star yeah so i would say our north star or our kind of big vision for the future is
making clean energy the new currency of the digital world you know like i said we're heading
towards a completely electrified
world and the energy use of requirements is just going to increase so making you know once upon a
time our currency was backed by gold you know before it became just you know promissory notes
um so we're using technology to verify and to create a really fair system that allows people that are doing positive impacts to reward them directly and provide liquidity.
So, yeah, the big vision for the future is just making clean energy the new currency.
Our native token is called Wattcoins, like electricity watts.
So, watts are only produced and can only be produced.
So, we have something which we call inverted mining.
So as Bitcoin requires loads of energy and resources to be depleted and used in order for a coin to be generated,
our system requires every time our network uses one megawatt, a thousand megawatts gets offset,
and only then can a Watcoin be created.
And only then can a Watcoin be created.
So it's an inverted mining process,
meaning that it's a net positive impact on the environment before a token can be generated.
Okay.
And so, wow, this is like quite the opposite of drill, baby, drill.
It's mine, baby, mine.
This is exactly that.
Speaking of mining, Tyler, you missed out that the Trumps invested in a mining company
that was launching with a hot eight.
We'll keep it up for tomorrow. Tyler, you missed out that the Trumps invested in a mining company that was launching with a hot eight. I thought you were...
We'll keep it for tomorrow.
We'll keep it for tomorrow.
So there's a token.
So is that token already launched?
How do our listeners tap into this?
So we are currently running in testnet. We've been running our testnet for just about a year now.
We're imminently, I would say, within the next few weeks or within the the next coming month we'll be going to mainnet we'll
have our tge and we'll be uh shortly after announcing our public sale we're doing a public
sale on our on our first community run decks which is called what's what's so what's what's
the community run community run project which allows uh uh instant liquidity so there will be DEX, which is called WhatSwaps. So WhatSwaps is a community-run project,
which allows instant liquidity.
So there will be pairings of – it's already bridged to ETH,
I believe.
I was speaking with the team.
So you can do your USCT or your USCCs for swapping,
and there will be an instant liquidity pool there.
So, yeah, our tokens will be, you know, i would say join the the channels and you know look
at our uh telegram our discord for updates on when the public sale will be available we're having a
whitelist for some of our community you know our uh you know veteran community members they can be
whitelisted uh there's certain measures which we're announcing that they can do to qualify for
that so yeah the token is not available, but it will be imminently available.
Okay, okay.
So how does a listener of FOMO Hour tap into this?
Like, is there someone in,
like, how does someone here participate
so they could get a little bit of something?
So I would say your community
are more than welcome to participate
in the upcoming mechanisms.
We have some competitions which we'll be running.
Winners of that will be automatically whitelisted for the public sale.
And there's certain other kind of mechanisms which we're discussing.
We haven't finalized yet, but like I said, listen in to the community.
All the announcements will be posted there on our X, Telegram, Discord.
All right, perfect.
Well, Shafi, thank you so much for being a part of us today on the show.
You can check them out, ShafiRafiOnX, or just d.energy.
That's their website.
It's got absolutely everything on there.
So check them out, Shafi.
Thank you so much for coming today.
Have a good one.
Thank you so much.
Thank you for your time, guys.
See you.
It's a pleasure.
All right, all right, all right.
Well, that was the show.
Boom, right on the dot.
1100.
Love to see that.
And tomorrow I should be on. I definitely that was the show. Boom. Right on the dot. 11. Oh, oh. Love to see that. And tomorrow I should be on.
I definitely won't be on.
Yeah, because it's 4 p.m. in Geneva.
So definitely should be on the show tomorrow.
It'll be fun.
And then I will be off.
I can't wait to be in Europe, man.
I need a change of air.
Fuck.
Yeah, we're going.
Let our listeners know.
Man, I have – I'm going to be away for five weeks, brother.
It's a big trip.
How do you pack?
It's stressful.
How do you pack?
That's a good question.
So first of all, I packed on Friday,
so I don't have to deal with it this weekend or today.
Second of all, you have to pack different vibes.
You know what I mean?
So it's like, because Geneva, I have to dress really up.
I have to wear suits and shit.
But then I'm going to ship and back home.
But then Paris is Paris Blockchain Week.
So we'll be there at the Paris Blockchain Week
for those of you who are going to be speaking
and getting all the good stuff or video stuff.
This is more like laid back crypto conference vibes.
Then I'm going to Lisbon for two weeks
to work with our team locally
and also work on my move.
So I got to work on that.
And then we're going to Dubai for Token24,
which is a different climate,
like shorts and t-shirts every day
because it's too hot.
You can't breathe.
So it's tough to pack for that, Tyler.
But you know,
when you're on the road,
like four or five months a year,
you kind of learn.
Like I managed to pack all of this
in one suitcase
in the tiny,
like my little carry-on.
So it's not bad, right?
It's not bad.
So yeah,
it's going to be a lot,
but the show will still go on.
Don't worry.
Don't worry, y'all.
Mando, Tyler, I should still be there for almost all the shows.
Just Wednesdays will be tough.
And with that, with that, with that, we'll see you all tomorrow morning.
10 a.m. Eastern Standard Time for another episode of FOMO Hour on Rug Radio.
Let's go. Thank you.
