Go's good morning. Can you hear me? Good morning. You hear me? Yep. Sounds good.
Emily McChick. - That. - All right.
We will kick things off of this, other people, join.
I'll keep the music when someone else joins.
Yeah, let's go fire it. One, two, one, oh! (upbeat music)
♪ Hey girl, hey girl, yeah ♪
Good morning and welcome to the Lucky Lead. Today is Monday, June 5th. I'm a little tired
But glowing this morning after basking and Taylor Swift's glory last night at soldier field in Chicago. She was incredible. The NFT market starting to glow a little bit as well. Definitely a solid weekend of market action. I'm excited to get into it with all of you here this morning. I do see some friendly things.
faces out there as Zane Kobe. Thanks for joining us. As a reminder for any new listeners, we do run the show every weekday Monday to Friday at Tinian Eastern. It's a 30 minute show covering all the major news and crypto, web three and entities. This show is meant for those interested in discovering the space, those actively buying and
selling in the crypto and NFT markets. And those here just doing research. I'm your host Tyler D. I'm joined today by two amazing co hosts. We've got Emily loves crypto a web three security expert and co founder of the foolproof app. And then we've got ghost content star over at Lucky Trader quiet well dipping his toes and AI and
rock in that banger Opeppin PFP ghost. Good morning. How you doing? Good morning Tyler. Doing well. Went to Maryland this weekend to visit some family and saw a lot of Taylor Swift shirts at the airport. So I think a lot of people were we're joining you on that boat this weekend. So excited to hear all about the concert. I want
know how much you spent in the ETH maybe, if you were pricing it in ETH when you bought those tickets, because I'm sure that wasn't a nice end of the wall out there. I don't know if I'm going to fully disclose, but the tickets were not cheap. I think pricing in ETH is appropriate. Let's just say they were more expensive than a lot of PFPs out there.
It was a Chicago takeover just everywhere you went this weekend. You can see the Swifties out. I mean, she did three nights. She did Friday night, Saturday night, and Sunday night. All three just major sellouts. I mean, the show was incredible. So we didn't have tickets. We ended up buying tickets Saturday night because we just had, we heard so many first-hand
stories of a lot of my wife's friends who went and said it was like a life-changing concert. So we're like, okay, let's check this out. You know, I don't know if it was life-changing for me, but it was an amazing show. I mean, what's so cool about it is just the production level. So behind her on stage,
There's just this massive screen is probably 40 yards long 20 yards tall and it's just it's just got her you know totally broadcast and this like she's just a giant up on the screen She's doing the wardrobe changes every 15 minutes. It's just awesome choreography and dancers for every song she and it's
a marathon show. It's three and a half hours of her. She comes on at eight, she performs till 1130, she broke it down into three sets, like three different sets. The first set was all like the old classic bangers. Then she did an hour of her more recent like COVID stuff. And then she finished with like another
our banger. So we made it till about the 11 p.m. mark and then we cut out a little early to go relieve the babysitter but a hell of a show and I definitely recommend it for anyone who if she hasn't come to your city yet. So definitely interested in checking that out. If you've got more Taylor Swift
questions please just just let me know in the comments or send me a DM I'm happy to talk to you all. But let's get into the NETs. So what we're going to talk about today. First, Azuki hits a one year high. We've got the PFP sector pumping, Frank DeGods and the DID announcement. We've got a major hack from Atomic Wallet, an insummetaverse
points pumping ahead of that apple keynote before we dive into it though, Ghost, any housekeeping for today? Yeah, as always, if you enjoy these shows, Tyler does a great recap of the NFT market every morning in the morning, minute newsletter. We've got that pinned to the top. So make sure you give that a subscribe if you haven't already. All right, Ghost, thank you for that. All right, well, let's get into it. Azuki#
In the depths of this NFT bear market one PFP project clearly standing out right now and that is a Zuki after a massive run late last week the four now at 17.5 E the highest level and over a year if you take a look at their one year chart is basically been up only ever since last August when they
they did to 6. E. So, you know, what's been driving this recent run? A couple of factors took out to me. I'm curious if others are kind of listening to have thoughts on this. Feel free to request and come on up and we can talk about it. But one, definitely speculation of a major announcement at their fall, the rabbit event coming in Las Vegas on June
23rds. That's now less than three weeks away. And then I do think that the blur blend and BNPL program providing some cheap capital via lending at rates as low as 0%. We're seeing some savvy traders take advantage of that. And in fact, when I checked this morning, there's 544 Azookie loans right now.
on blur I believe that is the highest of any collection I saw them a ladies at 418 so they're significantly above the middle ladies there so a decent amount of leverage into system I think that has been a factor in what's driven the floor up fairly quickly in the past week of course we can potentially see that go
the opposite way too if there is a letdown in late June. Now the question is, well this is Zuki run, pull up some other PFPs. I think we're seeing some positive signs. So I'm going to read off some seven-day increases for some other notable PFP collection. So crypto punks at 50.3 E through up 2% Bored Apes 46.8
up 3% azuki 17.5 up 22% we've got the mutants at 10 they're up 7% on the week captains at 9.66 up 13% D. Guads at 9.4 up 9% Kodas at 7.5 quietly up 22% on the week doodles at 2.3 they're up 12% Moonbirds at 2.1
One four up eight percent only force at 1.7 up 23% beans 1.6 up 18% and it'll pep in kind of rounding out the low cap I'm gonna throw them in the pfp box at 0.9 there up 11% on the week So some major green on the board really the only major pfp's I saw that were in red on the week were pudgy pink ones down 7% and
six months. So certainly love to see that. So that's kind of the background here. I want to tip some questions for our speakers here. Is this the start of a run? Just a minor uptick. What are you how are you feeling about this PFP surge that we're seeing here ghosts? I'll tell you a first. Yeah, it certainly feels a little bit
more sunny in the NFT space and it feels like nature is healing a little bit and there's starting to be some confidence in buying some stuff again which is good to see and if you love to see the 5.4% move as NFT stats so that's the biggest single move up in a day and over six months so that's amazing to hear. So I'm starting to get some more confidence
And you're seeing like some of these big projects really start to get some momentum, which is good to see because I think that trickles down. But no, I'm feeling pretty good right now. And I think Azuki in particular has such a good and strong holder base with the the whales that they have and they have spirit down. And I think that really contributes to a strong move on.
up here. And when you have those great whales promoting the project and having bringing confidence to the rest of the holder base, I think that makes a big difference. And I think we're seeing that with the Zuki in addition to the speculation on what's going to happen at that event there. Yeah, you know, I want to dive into that a little bit. I'm curious if you have any thoughts on
You know why a zuki is seeing this success compared to the rest of the PFP market. I mean clearly I don't have the data in front of me, but you know I'd say their returns are Significantly better than we've seen you know across most of the other projects and it doesn't really feel like they've delivered all that much
Right. I mean with respect to pure deliverables, you know, sends beans. So you know, is it the spirit now is the whales kind of keeping this ecosystem afloat? I mean, what's your read on it ghosts and have you ever been in this ecosystem? Yeah, I had a I had an azyki for a while. I dumped it during the
the zagabond situation quickly there and then never kind of got back in. I still have a bean. But I do think it's really the whale holder base that keeps those strong hands in. And then I do think that the art, like I think people just really resonate with the azuki art and like the spirits, those massive sales, like the spirits are
amazing looking and we constantly see sales above like those are some of the biggest ones in the space like I would say those in the hoodie punks are two of the ones that we see the most consistent sales like a way above floor there. So I think the art there and the whales are the two biggest contributors that stand out to me and I think that there's just not really a
a ton of competition in the art in the space. You've got like on one force, but I would say that Izuki has comfortably taken the mantle as the leader of that type of art. Yeah, no, totally. You mentioned that you've got beans. Are beans undervalued with this run?
So they're less than 10% by floor. Of course, that's about a 1 to 5 ratio by by market cap, but that feels like a lower ratio than we're seeing in other collections, right? So board apes mutants are 4.7 to 1 right now.
I thought they would be a big beneficiary of the BNPL program as well, getting access to those at some lower end prices. Any read on that, go, sorry, Emily, you got your hand up, I'd love to get your thoughts. - Yeah, I think it's 'cause the beans are super ugly. (laughing)
I think that's a that might be an unpopular opinion I think a lot of folks have thought that the beans were queued and immemable so you're thinking that just didn't really come across I Like I don't I think they I think they just don't translate the brand well like I think that's that's their problem right the beans the beans have always been like a weird little
I don't know, didn't quite go as planned, right? Like, remember when there was the crate drop and then there were like the crates or piles of dirt and everybody was like, okay, whatever. And then they eventually turned into beans. Like, I think they just haven't done what they were meant to do, right? Like,
And I don't think that people, I don't think people like, rep in the bean as a PFP are getting the same effect that you would something like a mutant to an ape. And I think that's what the intention was, but it's just not garnering that right.
And they're like lumpy and weird like for what like a zookey's trying to attract as far as like someone who's using that profile pick like I just feel like they're really off brand. It's interesting. I would agree with that was a part of what you
saying here with the vision was that they were going to be like the meme aspect of a zoo key and we would be seeing these cute beans everywhere on Twitter, you know, potentially on Instagram. I feel like we haven't really seen that yet. So I would tend to agree that that piece of the vision there hasn't
really come across yet but ghost using thoughts? Yeah, I like the beans. I don't know. I thought that they were a nice little sub-brand and I think that they're a bit more in the vein of Pudgy Penguins and how they were kind of trying to build a brand completely kind of separate from NFTs. I don't know if Emily, as Emily said, if they've fully accomplished that vision yet, but I
do you think that there's potential there as a mass brand, probably even more so than the main one for at least in the West? I think that the art for a zookeeper appeals to a lot of people, but the beans art can appeal to a whole separate subset of people. So I like the beans. I've had a
some people in my DMs trying to buy my bean and I've seen a lot of people on Twitter rep in their beans so I think that they art is fine and maybe we just need to give it some time to continue to build that that sub brand kind of like a Pudgy Penguins is done on social media like away from NFTs. So ghost is still in on the beans I think
a couple other pieces I want to highlight before we move on. So we did see some nice movement and unique traders active wallets. So we saw them move sharply over the 10,000 threshold. So we're seeing a nice uptrend there. We've seen daily trading volume on a decent little uptrend as well. So like seeing that,
Some decent action in the low caps as well. I don't know if folks were following but like Sprodo Grimlands had some nice returns over this weekend I think the extreme pixels saw like a small 2x Over the weekend with a little bit of comparison to the knack Omega's kind of a full-bodied knack Omega, so there's a little
a little bit of debate around those. And then, man, we tweeted out from Lucky Chair this morning, but some of this Bitcoin ordinal movement, we just have to pay attention to this. So the Ornal Maxi, the OMB project, I think that's ZK Sharks. He said,
2.97 Bitcoin floor. So that's what like 42, 45 E. Just an eye popping floor, the Bitcoin barriers club, the new 10K that dropped over on Bitcoin late last week up to a 0.01, 1 Bitcoin floor. It's all 71 Bitcoin of volume. And then the Bitcoin
know why, but I feel like I really don't understand the ecosystem still and I'm not paying close enough attention to have a good grip on what to buy. And I still, I've mentioned this before, but I still look at my Bitcoin as like something that I want to keep in my safe and not move around and trade and I look at Ethereum more as like my cash that I can use on
day to day basis. So I'm still hoarding my Bitcoin and not moving it into JPEG's yet. But I really need a masterclass from CT on what projects to buy because I still feel very in the dark of like which ones are going to pop or which ones are long term versus just random releases here. Yeah, so we will definitely make her give us that masterclass on Wednesday.
I think this is the week. I'm going to dive in and just rip the bandit off and make an ornals purchase because I'm tired of being on the sidelines and fading generational wealth. So I'll report back on that here this week. I want to get into some of our other discussion topics, but before we do that, let's read the news.
Days top headlines powered by Lucky Trader. Trading volume fell on 13,000 eighth on Sunday after passing 16,000 eighth on Saturday. The third highest volume day in the past month. Blurre founder Pac-Man Blurre shared that the Blurre point system will be adjusted to reward those users who properly take risks after some traders gained
the system and were exposed to that, along with another major announcement expected today. OpenC Pro announced a new feature on the platform in Proceeds based listings where the platform will calculate the listing price based on the holder's desired final proceeds. On Shane Monkey revealed the list of the 300 ordinal addresses selected for their OCM dimensions launch, the
We saw crypto wallet atomic share reports of walls being compromised on Saturday with multiple victims losing six to seven figures. The root cause is still undetermined, I believe. And then some breaking news this morning, Fahrenheit wanted bid to acquire assets of Celsius. So Fahrenheit taking over
Celsius. Men of course coins jumped on Sunday ahead of Apple's keynote, especially later today, where they're expected to debut a BR and AR product. We saw sand up 5%, decentralized mana up 7% though 8 coin up just 1% at $3.20. Perhaps 8 not really being
included in the Metaverse bucket. I want to start there. Ghost Emler, are you following these Metaverse coins? Are you buying this pump? I'm starting to see threads titled 10 Metaverse coins that are going to 100x in the next cycle. Are you buying this? Do you think we're going to get a big driver here in Apple's update to that?
I'm surprised to see all this. I feel like it's a bit of opium and I just don't know that the metaverse coins that we currently see or have right now are going to be the metaverse that people want when this type of technology comes out or that it'll be crypto-centric. I think it's hard to tell so I think that this is kind of a narrative that's being pushed that I'm not really sure
as a ton of validity, but hey, I've been wrong plenty of times and Apple everybody's super excited about this release today and who knows what they're going to say when it comes to the metaverse or what they're going to include there. But it does feel a little inorganic to me and I'm not really sure that I want to take the leap from starting to speculate on which
Which metaverse is going to be the one that people are using the future until it actually happens? Yeah, I'm with you there. I'm not totally buying that the metaverses we had today are going to be the winners of the next cycle. Though if I had to bet, you know, across the three that I listed sandbox, decentralized, or the ape coin, you know, the other side.
I'm probably on the other side. So I'm surprised that we haven't seen more of a pump there. I'm curious how that will play out. Definitely the biggest event in the space happening today is that Apple Keynote. I want to talk a little bit about Atomic. Maybe Emily,
If you could walk us through your thoughts on what happened and what you've seen. And the second part of my question here is, what do we tell normal friends who are thinking about getting into crypto regarding self-custody? It just feels like the space is just even more active in mind field these days.
Yeah, you're awesome. Um real quick on the metaverse thing I was at the movies this weekend the mall that I was at how does sandbox store That was like virtual reality and I have no idea if it's like the sandbox or just the same name But yeah, that was pretty interesting
So, atomic, what's tricky about wallets is that they are a web to technology. So it's like really hard to tell somebody to get into crypto and go download a browser-based wallet.
and like stay true to the ethos of blockchain right and like that's where the security comes from ultimately. But like the atomic attack like one people don't want to know much about it there's like some consistency between people who took the latest update being the ones who were targeted and I think
it's totaled over $35 million in losses right now at least for like the major accounts so it's a chunk of change it's no joke but yeah like it is tricky right because people used to say oh okay get a ledger for Harbor while it now ledger has a backdoor that you
you agree to and if you've ever delayed updating the hardware in your ledger before you know how much it doesn't work at all if you're not at the current update but like you know just granting them a very tertiary permission on whether or not you want to allow
this functionality doesn't really give me the peace of mind because as someone who's built a lot of these systems in the past that just doesn't stop the admins from being able to do whatever they feel like doing, that's just you making a choice and they can go and
over that choice. That's a very standard thing in software. Ultimately, you're configuring this through software. I don't know. I think what's interesting about Atomic is it was mostly for L2s. I personally have never known
anyone to use atomic wallet? Yeah, same. Yeah, so and like I was even asking around I was like kind of aware of it but it's not a standard one that people choose to use at least in my circle and I don't know why that is. I'm always suspicious of while
that get hit with these attacks and I can't find a single person in any of my circles that's downloaded it and used it before and I was like doing a lot of research at some point where I was downloading a ton of wallets and checking them out and like you know not uploading my own seed phrase but generating one from them and
The atomic never made my list either so you know I don't I don't know I do Question the type of person that would keep millions of dollars on a less known wallet on a device like a browser-based wallet on a device but at the same time like
At the same time, you're you're frequently more secure using a less common wallet If you're going to use a browser raised wallet because that means it's less likely to be a target I think the biggest red flag with atomic is just how many audits they failed a couple years ago like that is that is the most agreed
just thing. Every single one of those audits that got uncovered was saying, "Do not touch this, get your crypto out of here. This is not safe. This is not a good thing." I think the publisher can get that audit alone would allow an attacker to go in and attempt a reverse engineering or wait for some upgrade and then make their move.
like an upgrade that kind of double backed on a fix. So, you know, that seems like a pretty likely scenario in this case. Yeah, that makes sense. I'm curious if we'll hear kind of the exact details of this, you know, as this plays out here this week, but you know, it feels like we're kind of getting to a place where
I mean, centralized exchanges like Coinbase are just feeling safer, you know, for storage. I think centralized exchanges, you offer a lot of benefits, especially if you're an active trader on a higher gas network, right? Like you're going to pay fees, but you'll pay less.
the thing about that though is again that you're risking yourself, I think that. I'm personally a very big fan of paper wallets or of having entire functional devices like having your old lap
top completely wiped a whole bunch of times like wipe your laptop three or four times and then put a browser based wallet and don't use that laptop at all unless you're going to make a very specific trade like treat the whole computer as your vault. I think that's probably a
better practice than a packaged and marketed hardware wallet and then beyond that like it's you just have to keep your crypto in separate places like keeping it all in one place is just not smart so yeah I'll go to it
It just goes to show how serious you have to take this, especially if you really want to maximize security. Yeah, I think what's going to continue to be a blocker for a while is that responsibility. People don't want it. People don't understand it.
It's tricky. Yeah. I think that's a big driver as well. Well, I appreciate all your thoughts there. I want to get just a pulse back to NFTs here. Ghost, I wanted to get your thoughts specifically in the Opep and ecosystem. We saw Jack. I want to say it was Friday. My name is Aaron. He teased.
some images from release 5 and then kind of pull them back. I guess because they didn't get retweeted quick enough or maybe some negative comments, I'm curious. If you've got a read on that, do you think we'll see more crowdsourcing like this for future artwork?
Yeah, I think Jack has been building in public for the entire project, which I think is one of the benefits of it. And I think that has built a really loyal and strong community base is that you feel like you're involved and invested in helping him build it. And so I think he said that the retweets, it wasn't the retweets that mattered. It was just the
the ratio, I guess, or how he felt the sentiment was going. But I think it's refreshing to kind of to see him pull that back and feel like it's not ready and kind of just continue to iterate in public and let the people decide. And that's kind of the whole basis of the subscription thing. Like I think that when he first put out the
things and saying that it has to hit a certain level of subscription. I don't think that he truly thought that it was going to be 10,000% over-subscribed every time, but there's just been so much demand. But maybe as we see these new iterations, there'll be less over-subscribes as people aren't sure or don't like certain ones. Maybe he felt like this one wasn't perfect or not.
I do love the building in public aspect though and I think Jack is doing a great job. I've got a couple of follow up questions and thoughts. So one, the image is he teased. Those look like Jack butchered pieces. Right. So like is your interpretation that that would have been Jack butchered artwork? I'm curious, how many Jack
are we going to have out of this 200? I think it's important, right? Because that's a part of the provenance right now for at least one, pack one. As folks thought that there may not be a whole lot of jack butcher packs, but you know, what if half of the 200 packs are from Jack and visualize value?
I think that's something I'm watching. The other piece I'm watching is he said in the comments to like a reply of one of his threads that he's not happy with the pace. So he said basically we've done two drops per month. That's below where we want to be. So I do think we will get to a point where he is trying to
release one of these per week. But then on the flip side, if he's gonna release one per week, and then he shares it on Twitter and he doesn't get the reactions he likes, is he gonna pull it back? So I'm a little doubtful. He's gonna be able to accelerate to one to one drop per week right now. But I'm curious for your thoughts on that too, Ghost.
Yeah, I think that as a set one holder, I wasn't doing that because I thought that was going to be one of the few jack pieces. I was doing it because of that MBA top shop mindset, I guess, where I like that it's the first set in a potentially historic collection. So I expected there was going to be a lot
more jack sets and I almost thought that there would be maybe like each time he drops to whether that's like every week or every couple weeks like one would be a jack or visualize value set and then one would maybe be a collapse so I'm anticipating that there's gonna be a lot more jack sets and it doesn't really bother me as a as a series one holder I kind of wanted
that because it was the first and kind of historic. Well, that makes sense. All right. We're almost out of time. I want to do rapid fire on Frank DeGaz announcement and then maybe we'll save the details for tomorrow. But he dropped DID over the weekend. It's basically a Web 3 profile. It's got three components.
components. It's got a wallet delegation spanning ETH polygon and Bitcoin, including a discord connection. It's got the Twitter component where you can connect your Twitter profile, instantly followed by the use and de-gods account, with the idea of eventually a follow-all button for everyone in the community.
community and then the DIDV 1.0 which is the actual Web3 profile. I don't think we know a ton about it yet. What's been garnering the most hype is that the Twitter follow aspect of this. So there's 1900 unique owners in D.Gods. There's 3275 for Yutes.
But if you look at NFT inspect, digaas are the fourth highest reach and you've had the fifth highest reach of any NFT collection. So they're behind just board apes, mutants, and a zuki with respect to reach. So this is pretty interesting. Pay two week to buy a yut.
perhaps pick up two to three thousand new followers with this follow all buttons. So go, so I'm curious for your reactions to this. Do you think this was a sharp move? Are you going to get two thousand new followers and they wrote all this button? Kind of what are your thoughts on this one?
I really like it just because I think that you see a lot of fake and spammy people on Twitter, especially like I've seen it a lot with Nakamegos recently and board apes, always where it's like, "Oh, does ape follow apes still work?" And a lot of people just blindly either retweet and like that
I think that they continue to just put out this stuff and like the branding just is so sharp and visually appealing. So I've really enjoyed watching what they've been building. Yeah, he's definitely staying consistent there. I definitely like the Twitter follow idea. I've got a couple doubts.
is I feel like it will work right up front. They roll out the button and then let's say, you know, 500 to 1000 holders actually click the button, right? But I don't think they're going to click the button every two weeks or once a month. So it feels like a one-time incentive. So I don't see how that
particular piece carries on going forward. Maybe they'll address that. So I am curious about that aspect of it. But interesting to see Frank back in the headlines after he had been kind of a fairly quiet period, relatively at least for him. But I'm sure we'll cover it more this week as more
or do you tell or release folks that's our show for today. But before we go. Once dropping today there's a handful of drops to very taking place. Overall a big coin. We hit the Bitcoin Fox Club and then Prime Mortonals babies at 9 a.m. Eastern. So check out those who still meant to
We've got the memes by 6 529 coming at 11 a.m. And then at 1 p.m. Easter, likely the event of the day that Apple WDC 23 keynote speech. That is the main event. Again, expectations debut a virtual reality.
or augmented reality product. Any mention of the Metaverse could have some big impacts on any of these Metaverse coins, Metaverse related NFTs or more. So be on the lookout for that. But yeah, that's it. Pretty slow day of drops. Folks, that's our show for today. We'll be back tomorrow at 10 a.m. Eastern. Thanks to
our listeners. Thanks to my co-hosts. Everyone enjoy your Monday. Let's make it a great day. Bye everybody.