June 2, 2025 • 35 mins
Is Crypto Over? + OSF talks Brand Coins! - FOMO HOUR EP368FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of the biggest topics at present with some of the biggest names in the ecosystem. Streaming live 5 days per week, Monday to Friday 10:00 AM EST to 11:00 AM EST on YouTube and X.JOIN YEET = https://yeet.com/register?aff=fomohourPLAYLIST = https://www.youtube.com/playlist?list=PLGSgoImPFTiVpkHhLXF78cE_Z3uG7VNGLPODCAST = https://x.com/i/spaces/1kvKpydgqMQGELinks:https://linktr.ee/fomohourhttps://twitter.com/fomohourhttps://www.rug.fm/https://x.com/rugradioHosts:https://twitter.com/farokhhttps://twitter.com/rektmandohttps://twitter.com/tyler_did_itMyriad:https://myriad.marketshttps://x.com/MyriadMarkets#bitcoin #crypto #podcast
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
Yo-yo, yo-yo yo what up? What up?
Good morning, Good morning GMG and Friday.
Wow, what a Friday. May wedding 9th, 30th, 30th Wow
May 30th, 2025. Look at that another beautiful
day to have a beautiful day. I got my calls in the house.
(00:22):
Woo Ovi been a while. So I hosted a show with you.
Ovi. Good morning.
How you doing today? Good morning, man.
Yeah, I'm good. It's Friday.
Market's not great, actually, but we're off the lows on
Bitcoin. At least we're off the lows on
Bitcoin. Yeah, off the lows on some
things. But yeah, I'm good.
I'm glad. To see what we're definitely
(00:44):
BTCD is definitely hammering up and my bags are definitely
hammering down, that's for sure.That's every time.
Every single time you got MF first on the timeline saying BTC
dominance topped or or out season.
Man, I was literally about to put out a post like yesterday
(01:05):
about like, I really believe in alt season.
I'm picking my balls on the table.
We're going to have alt season. I'm glad I didn't because it
would have been bad timing. I will do at some point.
I just have to find the right moment.
So I still do believe that. So, so hold that thought because
I do want to talk to you about this because I put a pull out
yesterday about do you think there's going to be an alt
season and then the market dumped.
(01:27):
But hey, I'm just asking the questions everyone.
I'm not calling all season. I still have not made my
personal alt season call. I'm holding it for and I'll be
right OV you know what I mean? Because then I can be like I
told you so. That's how.
You do it exactly. That's how you do it.
You know, we're like experts now, you know what I mean?
But hold that thought because I do want to talk about it because
I put the poll out up and also to the top of Twitter space on
(01:47):
the show, guys, it's going to beshort and sweet little morning
show as Mando and Tyler are out out in the bout.
So it'll be just Ovie and I we'll chat markets.
I was thinking maybe overnight construct markets, especially
because we just dumped and, you know, we're heading into the
summer and the summer is known to have, you know, low volume,
low this low that, but could also be fun, you know, study,
study summer 2021. So let's talk about this.
(02:08):
There's a lot of news regarding the tariffs and everything.
So we want to talk about this. Then let's talk about, you know,
let's talk a little bit about like building the space.
I'll talk about racks, I'll talkabout brand coins.
Want to talk about all this stuff.
So we'll talk about about some stuff over.
He's been up to. I know you've you've actually
been cooking. Love that.
So you know the timeline and then we'll do the giveaway as
usual. So we'll we'll give some money
away to to a lucky winner. Someone will come on stage and
(02:29):
we'll pick from the win from thereferral list.
We'll let OV pick a number and we'll give someone some money.
And then last but not least, this show.
This show is powered by wallet connect Wallet Connect is the
connectivity network shaping thefuture of on chain UX.
If you've connected to Web 3 app, you've seen wallet connect.
That blue logo, it's everywhere.And I kind of trust in crypto is
(02:49):
recognizable as visa. Check out.
Want to learn more? Follow at wallet connect on X
and Telegram to stay ahead of what's next.
The founder and core contributorwas on the show yesterday, so
you can definitely go back and check it out as they're cooking
OV ovi ovi. I'm curious with thoughts on the
market here. But first, I do still have your
Jingle, so I I may as well just I may as well just hit it.
(03:10):
Daily market report brought to you by Rogue Radio Joseph.
What's the word? Oh, you're muted on stream yard?
Can you hear me now? Yes, Sir.
Sorry, as I just read it from time to time, because there's a
bit of, it's a bit noisy where Iam market, you know, like I, I,
(03:36):
I think I tweeted a couple of days ago that I was like, we're
probably going to see some sort of liquidation on Bitcoin.
Like it's very clear. Obviously, you know, the
elephant in the room is, is James Wynn and his massive
positions. And I think when you do that
from one account in such a public fashion, yeah, it's your
your easy pickings for big whales, right?
(03:56):
Like, it's very easy for a bunchof people to gang up, short it,
push it, liquidate you, cover their short in that liquidation,
go long, push it back up again. And that's exactly what
happened. And I think the Wick went down
to what, like 104103 I think. Where, how I I don't even think
we went that low yet. I.
Think it was pretty decent weight, maybe I could be wrong.
(04:17):
4-6, yeah. OK, 1046, but not not too bad.
But you know, obviously that people had shorts to cover there
too, so they did. So I think that's what has
happened on Bitcoin. I just saw he's gone long again.
No. Yeah, but it's much, it's much
smaller size, Yeah. Oh yeah, he doesn't have size
anymore. Never mind.
Like 48 mil or whatever. I mean, that's still not
(04:38):
nothing, but yeah, it just feelslike there's a lot of long and
leverage hunting. I think if you looked at a lot
of the meme coins that ran up over the past few weeks, stuff
that you know, Bonk guy was talking about, etcetera, a lot
of them had relatively high leverage, like people just, you
know, big lever positions and that they've been money on.
(04:59):
So seeing some of that stuff wiped out, I think it's just a
natural course of action. I think once this all cleans up,
my guess is we continue to go higher and we continue to rally.
And on a macro standpoint, I'm still pretty constructive and
pretty bullish as well. Like I think the tariff
headlines we had over this week are just for me, they were like
nothing headlines. I was kind of surprised we
rallied on that court ruling. I wasn't surprised that they
(05:22):
overturned it. I personally thought that was
kind of like a nothing headline.And I don't think that's really
the real reason why we rallied. The market right now is trading
to me like people want to buy risk, people want to keep adding
and US money supply is still going higher, still trading
higher. So I think we'll, we will bounce
(05:43):
from here. That's my that's my hunch.
We, yeah, I mean this range, I mean on the show we talked a lot
about the range. So this has been kind of the
range, whatever the one O what it was like 9090 K, one O 4K.
The one the range has been, we've been in since like
November and we broke out of it and then we kind of been ranging
since. And so we were expecting to kind
(06:03):
of kiss it again top range. So that's kind of where we
bounce this morning. Yeah, it's kind of you look at,
you look at that chart and again, I don't breathe even
charts. We look at that chart and it
looks like to me that we're at alevel where we should bounce.
So that's my hunch. And I know Bitcoin dominance has
gone up, but I think that's partly due to a leverage wipeout
and a lot of the other stuff. And I think people getting a bit
(06:25):
scared, taking profits, all thatkind of stuff.
But I do think I'm a believer inalt season.
I do think we will see alts rebound very quickly.
Like I think it's a good spot here to buy alts or buy me
anything that you'd like a lot that's down or maybe anything
that you like a lot that isn't down, but it's outperforming the
market. Like you know that also Austin
shows its hand too. So I would I would look to go
(06:48):
shopping. I think with this price action,
that's how I feel. Look at the total 3 chart.
Fuck it's been the same price since like it's back to like May
20. Actually, it's back to May 2021
prices. Yeah, exactly.
It's it's crazy, right? So I think, yeah, I just think,
you know, the last time we had aproper alt season was summer
(07:09):
2021. And I think most people have
accumulated so much PTSD since then.
And no one thinks it's going to happen.
And people have are so scarred that they want to fade moves
high, they want to keep selling.No one is, no one is like, I
don't think many people are prepared for the the style of
(07:32):
price action we had in 2021 whenthings can go like 10 to 100 X
very quickly. Every 100 million coin is a
billion. Every billion dollar coin is 10
billion FTV. Like things can just gap very
quickly because of how constrained supplies and some of
these tokens and because of how low liquidity is when a lot of
capital comes in at the same time, things can go really
(07:52):
parabolic and that that parabolic move, when it happens,
that will be some sort of a blowoff top.
And you're you're absolutely meant to sell into that.
And it mainly lasts for two weeks.
It mainly lasts for two months. And I'm not really sure, but I
do think it will happen. I think we're going to I think
we're going to see it. I have AI have a feeling we're
going to see it this summer, to be honest with you.
Like that's my belief. Yeah, I mean, I put a poll out
(08:13):
yesterday. It's on, I retweeted it for
those of you who want to participate in the poll.
But we have what, 10 hours left,768 people responded so far.
Do you think we're going to get an alt season?
56.4% of my following so far thinks we are.
So let's talk about this. I I'm always scared of calling
for alt season. Like I said, I I've never called
it. I don't want to call it because
this is a weird cycle because like it's alt season, but also
(08:34):
not every alt, right? Just because the alt was like
like $10 billion last cycles, itmeans going back, right?
And so you have ETH trading at 2585.
So this actually held pretty strong this time around.
I think he barely kissed 2000 onthe Joe Lubin news with S bet
and everything. Soul is back down to 161, not
looking great. And then you have like, you
(08:54):
know, Farko has been the leader of this cycle.
I mean, it's got really hit pretty bad from 160.
Pepe is also another leader of this cycle, back down to 540.
Mug is another strong one, back to 393.
You guys have been strong. I mean, barely down.
And then Hyperlink, which has kind of been the winner of this
second leg of this cycle so far.Back down to 32 from what,
(09:15):
$39.00 high? So you seem to think we're
getting it all season. When would that be, do you
think? This is kind of like summer
summer thing where Bitcoin relaxes a bit and we get it all
season like in 2021. I think it's the summer.
Yeah, I think we're, I think we're very close to it.
And we and we've, I think we've started to see signs of it, You
(09:37):
know, ETH staging A comeback, Bitcoin dominance looks like
it's topped. You're starting to see memes
rebound. You're starting to see like some
good stories on alts out there as well.
So I think we're very close to it.
I think it could well be the summer.
You know, I've said this on a a few times this year, but I think
we're in for what it's famously known as the lovely summer of
(09:59):
risk and the last time that 2021.
So that's my bet. You know, I think that's what's
going to happen. And I think the way that I view
it, right, it's like it's going to be one of two ways.
Either it doesn't it does happenor it doesn't happen.
If it doesn't happen, what's thepull back going to be?
20-30 forty, maybe 50, sixty, 70% on some also memes like it
(10:19):
could be a nasty pull back if you get a pull back.
But if it does happen, if it does happen, things are going up
10X plus there's going to be a lot of 100 XS out there.
So for me, it's like it's not a 0 probability.
I think it's a greater than 5050probability.
But even if I only thought it was a 30 or 40% chance, even if
(10:40):
I only thought it was a 20% chance, I would still try to
position for it because if it does go up 100X, whatever it is
or 10X, there's a lot of money to be made there, I think.
And I just want to take that gamble.
Like I want to take that bet. That's the way that I view it.
I think that's a bet you want totake.
It didn't make sense to take that at various.
(11:00):
Maybe it does make sense to takethat at some points last year,
but you know, throughout Q4, it didn't really make much sense
because you, you could see that Bitcoin was the thing.
But now I think it's worth, it'sworth gambling on that.
I think, I think it's worth a gamble.
It's a bet. It's not necessarily an
investment. It's a bet, but I think it's a
good bet. Yeah, I mean, you wrote about
this and I saw the clip on Rex radio, which was hilarious by
(11:21):
the way. But a lovely summer risk.
All tariffs, dips continue to begreat buys bears in order,
shambles. Probability of alt season
drastically increasing. Prepare for lovely summer of
risk. Many people will be making
fortunes. I do agree with that personally
speaking. Obviously I'm positioned for it
as well. But like I was saying earlier, I
don't think it's going to be allalts.
Not all alts are created equal, right?
Especially the cycle. Not all memes are created equal
(11:43):
either. Only specific memes pumped in
the last recent pump here. How would you pick the alts
though? Like this time around when it
comes like where, where are you?What where's your I know your
head's all in what you're building with RECT and busy with
it, and obviously you're bullishon that.
So you could use RECT as an example I guess.
But where's your head at with this cycle for alts?
(12:03):
I think I would. I would say memes fall into alts
so I think I agree. I think there are some memes
that have shown their hand like Pepe fart coin.
Those are the kind of like the only two MOG.
Those are the only three that I would say I'd feel comfortable
like holding without looking at the price all the time.
(12:23):
There are tons of other means out there, but the problem is
they seem to have a short lifespan.
You know, like the same cabals will run them up to 100 mil,
dump them all and then move on to the next one.
And maybe they'll be like a really cool coin that will come
out that will last for a few months and what not.
But you know, like house coin isa great example.
Everyone was all over house coinand now it's just like, kind of
like, I don't see anyone talkingabout it.
Right. So.
So do you think memes is is a good place to be in?
(12:45):
But you know, the only ones thatI would hold over for more than
like a week would be Pepe Mog and Farkorn.
And Farkorn, yeah. SPX is doing good, so are
billions. Actually, you know what, I like
SPX too. I would, I would like clearly
they have, you know, hardcore believers.
So I think I I would add that. To that, it's tough not to give
him credit anymore. Like even on the show, he.
(13:07):
Actually was talking about it, but he's he hasn't changed, you
know, he hasn't changed. He's been pushing it, so fair
enough. And then for alts, I think I'm
still bullish on the AI stuff. I think it's worth looking at
that. I think some of this info fire
stuff I think will probably do really well just because
everyone is talking about it, everyone is farming it.
(13:27):
You might hate it and I personally find it quite
annoying on my timeline, but it's hard, you know, if you hate
it, there's probably a reason tobuy it.
You know, that's the way I view it.
I think some of the info fire stuff will do really well.
Obviously, you know, I'd put RECT in there, Rectus, I guess
within the meme coin category. But you know, we call it a brand
coin. We call it a brand coin over
(13:47):
here. But yeah, that's an example of
something where like you want tobuy whatever coin you buy.
You want to buy a coin with the team that's running it.
And you may you may not know whothey are.
It might be an anonymous cabal or might be a Dox Fowler like
myself. But if you want to benefit from
old season, you want to just find things that you can hold
over the summer where it's not going to get rugged or where you
actually know who the guys are behind it.
(14:09):
You know, people are going to beworking for it, working for
their bags, all that kind of stuff.
You know, with SPX, you know, I'm not using this example.
You know, Murat's not going to go away, right?
He's going to be fucking making these Tik toks and chilling it
as hard as you can all throughout the summer, right?
And same thing for Rex that, youknow, I'm not going away and you
know that we're pushing aggressively and you know,
(14:30):
that's my self focus now. So I think with those kinds of
coins, if you're not in the whole like rotation game, you
could that's those are really good like high convexity plays
on an old season where shit likethat can literally just 10X in
the blink of an eye and before you know it suddenly it's at a
billion. So that's the stuff I personally
(14:50):
would look at. Yeah, I agree with you.
And, and I think that the ones you named are true.
And I'd rather buy a coin where I know people are going to like
be building in it for, for a while.
Or at least on the on the downside, you know, that they're
going to be like when when you guys went from like 100 mil, 125
mil to like what, $12 million? Yeah, it's like what, 90% Rick
was down? Yeah, pretty much 90%, yeah.
(15:12):
1992 or something like that, butat least you were like building
something and then markets turning around and all of a
sudden you have like the shipwrecked and the fucking
abstract and the next one and the next one and the LA thing.
Whatever's going on, you're announcing it's like, oh, wait,
this thing's back up to the 120 mil.
Oh no, I meant, but it's like I was telling OB there was a point
the cycle earlier where like I had to, I sold a ton, like
(15:35):
almost I've sold everything and I just kept wrecked because I
was like, whatever, it's not 90%, but it's OV at least going
to build. And then I bought back my coins,
but my wreck was also backed alltime high with it.
So it's like, OK, it's perfect. So it's like, I think you're a
good example, obviously talking in my back here, but at this
stage people know and there's a lot of red guys in the audience.
But this applies to not just OV,right?
It applies to like just and not just wrecked.
It applies to like other people that you think are building
(15:59):
something in the space and are going to stick around.
Some people like Launch Coin. Now they're going to go probably
through their hardest phase right here, by the way, Launch
Coin and they believe ecosystemslike are they going to be able
to sustain that? But I think another good example
of these virtuals, they like they came back of the abyss.
Like a lot of people remember the whole mean like over tools
making $12.00 a day, whatever. I mean, look at it's kind of
(16:21):
like you guys like it's kind of correct.
Yeah. It's it topped the PICO top
recently at $1.7 billion. It's chilling at 1.4 from a $200
million low, $215 low. So I would invest in like those.
How do you feel about the solelytrade here?
How do you feel, because I know you've played both your early to
the youth stuff, you're early tomoving to Solana and you've
(16:44):
played the ecosystem pretty wellin the eye and stuff.
And now you know obviously you're building an Ethereum
L1L22, I guess with abstract andyou have the base, you know,
base bridge. How do you feel about Solis here
in in the Solana ecosystem? I do think ETH can keep
outperforming here it feels like.
(17:06):
It feels like the tide has turned on the ETH.
I mean wow, I didn't realize that chart is where it is now.
That's crazy. I didn't either, yeah.
Yeah, jeez. So from these levels, I'm not
sure because it's had a big correction already, but I do
think ETH will keep doing well here.
I do think ETH, BTC at least cango higher.
It just feels like ETH now sort of the momentum has shifted
where ETH sort of has the wind beneath its sails a bit.
(17:29):
I think people are getting a bittired, getting a bit tired of
the whole like meme coin like Internet capital markets thing
going on where like everything is just a scam basically.
You know, like at least at leastwith meme coins it was like, oh,
you know, these are people are not promising you any value.
But like with the whole this like Internet capital market
stuff, I've seen so many coins where like, oh, we have this
(17:50):
like app in the App Store and shit and like I try and download
the app. It doesn't even work.
I'm thinking like, is anyone else actually like trying this
shit? Or is it just all these like Web
2 extractors coming in, you know, making money off it?
So I think that all that stuff'sput a bit of a bad taste in
people's mouths for Solana. I do think ETH can have a bit of
momentum here against it. I don't hate or dislike Solana.
(18:12):
I love Solana and I think it's alot of fun.
I think the casino will always be the casino that will always
remain. But it does feel like the ETH,
it feels like some of the big ETH guys are making moves and
the whole aspect thing with Joe Lubin, etcetera, like they're,
they're big guys, they're makingmoves, trying to push ETH again.
(18:33):
And that's something I think youdon't want to fade, I would say.
Yeah, it's it's that's definitely the case right now.
And I think that's a good take. And then you have all the, like
you said, all the info fi I'm actually curious what's Kaido
trading at right now? I was like a 2 billion FDV the
other day. Still at 2 billion.
Jesus fucking Christ. Strong, strong Jesus.
(18:54):
Wow, this is good. So you have that and then
obviously right now the Laudio stuff and then you have the
newer stuff this cycle, which islike hyper liquid, which is
trading really well. It's $30 thirty, $1.00 still.
So it's, it's pretty impressive.So there's a lot of good stuff
in that sense. And so one last thing, the
tariff stuff, you don't you're not worried.
So what's your read on like? I know Trump loves to come too
(19:17):
late, Jerome Powell and the ratecuts and everything, but
inflation is high. It's like, what's your general
sentiment here on macro JP and everything I?
Don't know, I think I'm not thatworried about macro like other
people are. My core view is that tariffs
will get resolved because they have to.
I think right now it's just a lot of posturing and posing and
(19:38):
people trying to get the best deal for themselves.
But I do think we'll see resolutions.
We, we see progress, then we seea stall, then we see progress,
then we see a stall. But the general trend of
progress I think has been up since we had that big crash in
April. And if you look at the economic
data, you know, like inflation is still whatever it is, 2.8%.
I know we expect it to go high now because of the current
(19:59):
tariffs that are in place, but it's not like we're starting at
like a relatively low base. It's nothing.
It's nothing that's crazy. And we're also starting with
interest rates in the base rate still in the mid fours.
Whereas in 2022, you just remember like the base rate was
basically zero and then inflation started to go higher.
And then we're like, shit, the Fed has like no wiggle room if,
(20:19):
you know, if shit hits the fan and we go into a recession.
Whereas right now. If you do head into recession,
in that case, you know, inflation usually stays low. the
Fed has so much room to cut if it needs to, like it has a war
chest of of room to cut. So I actually think we're in a
pretty healthy position from a macro standpoint.
And I think if you look at the US money supply chart, that
(20:40):
keeps growing and it is a good leading indicator of Bitcoin.
It always has been in the past. And once again, it's proven to
be true and you can see what, you know, Raul and Julian
Bessell and the, and the Real Vision guys post about that.
But if they've nailed it really.And you know, that's what I
(21:00):
think that's why I'm still bullish from a macro standpoint.
I'm still bullish from a crypto standpoint.
I think people are just, I don'tknow, I think people are just a
bit scared for no reason becausethey've just lost money on meme
coins or something like that. It's good though, right?
Like you need these pull backs, right?
Like at some point, like you feel the froth.
So it's, it's often, you know, every time I buy a watch, I
(21:24):
should sell My Portfolio like. Well, you, you kind of do if you
sell your portfolio, some of your portfolio to buy a watch
you've actually like cashed. Out, I know, but it's like 1%.
I know yeah, about 1% or yeah, maybe.
Fuck, you know what I mean? I'm getting like I'm getting.
I'm getting fucking Lana and Wizare fucking ripping me a new one
(21:48):
right now in the chat. So it's like when you buy your
watch again, fuck you. So so you know, anyways, I do
want to move on here to to to wrecked and what you up to?
You've been killing it. I love it, I love it, I love it,
love it. You talking about info Fi this
and that. I mean, you guys are doing it
without any of the you know, youkind of like the I mean, I guess
you've built your own brands. It's different, like even for
(22:09):
me, right, it's different. Like I don't necessarily need to
go through all the info fi stuff, though.
I I think about it sometimes, but with wrecked and I think the
most interesting post you've putout there, and you know, we
often joke about on the show, but in a good way because we
love it, is brand coins. You've you've kind of coined
that. So tell me Obie, what?
What the fuck is a brand coin? Let let me put it this way.
(22:31):
So the the meme coin space is a very big space.
Pepe, is that a meme? Yes, it's a meme.
Is with a meme? Yeah, it's probably a meme.
Is Trump token a meme? Probably not, right?
Like I guess you can make memes about Trump, but it's probably
not a meme coin, right? Is MOG a meme?
(22:52):
I don't think so. Like, you know, I think it's
more of a culture coin. It's more of a movement.
Is SPX 6900 a meme? Like not really.
It's not a well known meme. Again, that's more of a
movement. So I think like within the broad
category of meme coins, which I think the best definition of
that is like coins that have no provide no utility and have no
cash flows or revenues. It's a very broad term.
(23:14):
So I think like for us just to say, OK, Rect is a meme coin, it
didn't feel like it really classified it in the proper way,
especially because I think, you know, I'd see a lot of comments
of people saying, oh, you know, Rect isn't really a meme.
Like there's no, there's no memeto be had there.
Rect guy, I think is sort of like a memetic character.
But again, like it's not really,it's not really there.
(23:35):
It's a strong meme, but what I do like the idea of a single a
brand coin, which I think still fits into the meme coin category
because again, like it has no utility and no like intrinsic
value. There's no way you can value it
on like a model driven basis. So let me put it this way.
Let's say you're like a everyonelikes some challenger and start
(23:59):
up brands out there. Let's say you find like a cool
clothing company really early and you want to support them.
How do you support them? Maybe you share them on your
socials and stuff. You buy products from them and
let's say in five years time they blow up and become huge and
global. And what do you have to trade
for it? Well, maybe you have some like
pictures of yourself, like buying the early clothes.
Maybe some of those are valuableor you have some bragging rights
(24:20):
by saying, Oh yeah, I found these guys five years ago.
But that's that's kind of it. Like as a supporter and an early
Finder of that brand, you haven't really been rewarded for
it. Now let's say you buy some red
drinks and you earn some red coin and you hold that coin over
the next five years. And let's say in five years time
wrecked becomes massive and we crush it and we absolutely kill
it. Will that coin be higher in
(24:42):
value even though it doesn't ownthe IP, even though it doesn't
directly benefit from revenues? The answer is still probably
yes, because coins trade on sentiment.
They trade on speculation, they trade on attention.
And if we kill it in five years time, it will probably be higher
because it will be commanding a lot of attention.
And I think the success that we've had in the last couple of
months, you know where the coin is 5X basically has shown you
(25:03):
that it does trade on that attention and that success.
So in this, you know, instance, if you support the brand and you
buy the products early and you get involved, you, you know,
when you buy Coca-Cola, you justbuy the drink, drink it, and
then you kind of like get on with.
Your. You buy a red drink, drink it,
hopefully you like it, and then you earn some of the coin.
And if you then hold it over a few years and we kill it, you've
(25:25):
now like, have a stake in that, right?
You have a stake in this, you know this brand and I think you
know on the on the balance sheetof any brand, you will have a
line which says goodwill, which is an intangible asset.
And that's generally the value of the brand.
They estimate it. There's no actual number for it,
but they estimate it. So Coca-Cola will have a
(25:45):
goodwill line outs when the balance sheet like, I don't
know, Hugo Boss. I don't know why I said Hugo
Boss pretty random, but Hugo Boss will have good, you know,
good ball lands to the match sheet.
That's like the value of the brand, right?
It's intangible because you can't really refine it.
But you know, this is kind of what like a brand coin is like
people are buying and selling this brand based on their
sentiment and the feelings of it.
(26:06):
It's an intangible thing, but it's been like packaged up into
something that's a tradeable asset that actually has a price
and has buyers and sellers. So the way that I view it is
like a brand coin is kind of like that goodwill line item on
your balance sheet, which is like the intangible value of the
brand. And that I think is an
interesting way to really look at it.
(26:26):
And that's why I think this is potentially, you know, like
revolutionary. I think like if we if we do
really well at this time, we kill it, which have, you know,
high confidence that we will, I think people will look at it and
be like, man, that's, you know, that's an interesting way to do
this and approach this stuff. I like that.
I like. So let me ask you something
because, you know, we were talking that was news this week
and it was actually super sad tosee, obviously, but like 90CC
(26:48):
had to wind down their operations, right?
And they were a company that wastrying to crack into like a
pretty tough industry, which is the fashion industry.
They were doing well in what 3 at least the beginning.
You know, they sold that many times.
I don't know. And then, you know, they tried
to crack in the fashion industryand I think G money had to wind
down because of that. It just didn't work, right?
And then they ran out of money. Obviously it's way different
(27:09):
approach because you have the token, you have the equity of
the NFT community. So I don't want to compare or
take away from what you've got because it's actually impressive
and I've been there since day one.
But how do you plan on cracking into that web to like even Luca,
right, with the toys? It's I'm sure it's not that
easy, by the way. So how are you planning to like
crack into that web to, you know, drinking industry?
Because there's a lot, right? Yeah, it's not easy at the
(27:31):
beginning. At the beginning when you are
telling people about this idea that you have with no numbers on
the table and nothing to show for it, it's very tough.
But once you start paying some numbers up, it actually becomes
much, much easier than I think people realize.
Because you know, we did the first drop, right?
And then the first drop, we soldlike more sparkling water in 2
(27:52):
days than Tesco does in, in across all of the sparkling
water brands in the same time period in the whole of the UK.
So like these numbers are not small numbers that we've sold
half a million drinks almost in just three days of sales.
So when you have numbers to likethat and then you go to like the
Web 2 or traditional guys, everyone is like, what the fuck
is going on? Like how are you guys selling so
many drinks? How have we not heard about
(28:13):
this? How are you guys doing it just D
to C from your website without even having distributors,
without having anything on wholesale?
Like it's a very like new thing that I think is very disruptive.
So actually like on that side ofthings, it's been really easy to
have those conversations becausewe can say, hey, look, we are a
Web 3 brand and we've been building this for three years.
This is the size of our community.
(28:34):
This is how cult like and stickyand strong our community is
because every time we do these drinks, they sell out within,
you know, a few minutes now. And this is the potential for
something to be a lot bigger. And obviously people have stuff
like prime in their mind from infrom recently and other drinks
brands when they first start outand and take off.
So this is, I think very, very similar thing, but the web 3
(28:54):
version of it. And by the end of this year, you
will see some pretty big moves, I think in terms of getting us
having a footprint in the traditional world.
And that's the thing I think we really need for because right
now, like we have some great people in, but no, I feel like
no one, there's no apart from usand our community.
(29:14):
Like all the wrecked whales are like people within the wrecked
community. I feel like there's no, there's
no big CT person out there who owns wrecked or even talks about
it or has even looked at it, which I think is a bullish thing
because it means there are buyers out there.
If this thing takes off, there are buyers out there who will
want to buy into it. I think they're starting to like
the other day. I mean, I sent you a screenshot.
I'm the one named them, but theyhad like pretty big whale hit me
(29:37):
up like, yo, why do you like Rexso much?
And then I wrote them and This is why I like it.
So maybe that's how it starts. But you're right, like they
don't it's not like let's say like, and I'm not calling out on
them or or the threat guys of this world.
And it's not me calling. I'm just saying like I'm naming
easy top like gamesies or like aside from your homies, you
know, it's not like a lot of bigCT folks just talk about it, but
(29:58):
it's a pretty successful model so far.
Yeah, I, I agree. And I think like for us, once we
start doing the mainstream stuff, I think that's when
things will click and people will suddenly realize, yeah,
pudgy Penguins, you pudgy Penguins had their early
supporters. They had, you know, everyone who
backed and believed Luke at the beginning.
But it wasn't until the Walmart thing that people were like, oh,
(30:18):
fuck, this is like legit now. It's not just going to be like
a, you know, Web 3 circle Jack thing.
It's it's actually going, going mainstream.
I think we haven't had that moment yet and that's what we're
trying to work towards. Is that moment coming?
It will come that moment will come it.
Will come, I like that it will. I like that it will come.
(30:39):
It's you're right. It's funny in this space we
obsessed over like all being within web 3 and stuff.
It's kind of like reminds us of NF TS 2021, like we found to the
I found through it at least, anda lot of people did.
Whenever a celebrity with PFP fucking cool cat or punk or
whatever, be like, Oh my God, wemade it and then the floor would
pop like crazy and then like you'd realize they don't really
care. And then and then this time
(30:59):
around it's like different. We want to get our products into
web 2, you know, like Walmart and you know, for you, I, I, I
don't know what you got planned,but you'll probably you talk a
lot about boots, let's say. So I'll just say boots, like
boots in the UK or something like this, But that's, that's,
it's different. It's actually much more
valuable, if anything, and that's what we want most.
So I think that's that's when it's funny.
It's when people wake up to the product instead of early on, But
(31:21):
you know every. I think on the, you know, an
outside person who's not involved in the rec ecosystem
probably looks at it and thinks,oh, that's kind of cool.
But you know, how do we know they're going to keep doing it?
But as soon as you're in, you know, like a household name,
then that's when people, I think, wake up and like, oh,
shit like this can be can. Be big.
Yeah, You know, everybody buys rec to the price they deserve.
(31:42):
So, so I love that any I mean though, you know, I cannot, I
think we, we've gone around the home pretty well on markets and
rec. But like, is there anything else
you want to shout out on the recside?
That's kind of it we have. So we have this open C drop
coming up pretty soon. What's that about?
So it's just a next ring. Hey, I've got.
That's the can. Hey, let's go, I.
(32:04):
Have my first one this week actually.
It's pretty good. Yeah.
So we had, that's our next drop.We have that coming up.
It's going to be on open C that you're going to be able to buy
NFTS on abstract and you'll earnopen CXP, you'll earn abstract
XP, and you'll also earn recs drag points as well.
So there's like a triple reward system baked into this one.
(32:28):
And if you want to take part, we've made an allowance for
anyone who purchased drinks in the past or people who own rec
guys or if you own like $100 worth of rec coin.
But also we're running an allowance for raffle as well.
So just head over to the rec drinks account and you can see
all the information there. The raffle I think closes in
about a day, so make sure you like you get involved there.
(32:50):
All right, there you go. Make sure you get involved over
there and check it out. As our coins continue to get
decimated, I wonder when that bottoms in the form will be.
Is shit going down again? But it's just kind of not great.
It's just kind of not great. All right, let me get to this
YID stuff. It's just our our YID daddy
(33:11):
Mando did not top up our account, so I need to front it.
Hold on Shit. I I didn't send I didn't send
money here to the seed account Iwas looking at yeah one second
it'll take 2 seconds to deposit.I got a deposit 500 bucks at
least so that we can so that we can play and then we'll pick a
(33:34):
winner In the meantime, Ovi, maybe you pick a number between
1:00 and like 100 and then I'll.ATA. 88 I like that one second
USDC to this account for Roc dotE one second pick 88 probably
got to count 88 times. All right, one second.
(33:57):
OK, I fronted 510 dollars. OK, I fronted 510 USDC for the
record. Boom, OK, boom.
OK, so that's Connor, he's an idiot.
So now let me go to the referral.
So today, since we don't have Sims without the raffle bot,
we're going to pick someone that's directly using the formal
reflink. You know, because that's only
(34:18):
fair in my opinion, to give backto the people use our reflinks.
Make sure you go to e.com/andthennot/just formal our
referred users loading man, they're killing it over here.
Like I, I like how you guys, youwent direct way, you know,
you're building your things out the tabs and it's helping you a
lot on that front. And then Mando, you know, and
(34:38):
KBM went the went the heat way. Yeah, yeah, it's weird.
Like I and everyone's been extremely busy as well.
So it's just like I wake up, I'mjust like working on rec stuff
like the entire time. And then like I probably speak
to speak to tabs all day. I probably speak to tabs more
than I speak to anyone else right now.
(35:01):
And then yeah, just sleep and then wake up at the same again.
Yo-yo, yo-yo yo what up? What up?
Good morning, Good morning GMG and Friday.
Wow, what a Friday. May wedding 9th, 30th, 30th Wow
May 30th, 2025. Look at that another beautiful
day to have a beautiful day. I got my calls in the house.
(00:22):
Woo Ovi been a while. So I hosted a show with you.
Ovi. Good morning.
How you doing today? Good morning, man.
Yeah, I'm good. It's Friday.
Market's not great, actually, but we're off the lows on
Bitcoin. At least we're off the lows on
Bitcoin. Yeah, off the lows on some
things. But yeah, I'm good.
I'm glad. To see what we're definitely
(00:44):
BTCD is definitely hammering up and my bags are definitely
hammering down, that's for sure.That's every time.
Every single time you got MF first on the timeline saying BTC
dominance topped or or out season.
Man, I was literally about to put out a post like yesterday
(01:05):
about like, I really believe in alt season.
I'm picking my balls on the table.
We're going to have alt season. I'm glad I didn't because it
would have been bad timing. I will do at some point.
I just have to find the right moment.
So I still do believe that. So, so hold that thought because
I do want to talk to you about this because I put a pull out
yesterday about do you think there's going to be an alt
season and then the market dumped.
(01:27):
But hey, I'm just asking the questions everyone.
I'm not calling all season. I still have not made my
personal alt season call. I'm holding it for and I'll be
right OV you know what I mean? Because then I can be like I
told you so. That's how.
You do it exactly. That's how you do it.
You know, we're like experts now, you know what I mean?
But hold that thought because I do want to talk about it because
I put the poll out up and also to the top of Twitter space on
(01:47):
the show, guys, it's going to beshort and sweet little morning
show as Mando and Tyler are out out in the bout.
So it'll be just Ovie and I we'll chat markets.
I was thinking maybe overnight construct markets, especially
because we just dumped and, you know, we're heading into the
summer and the summer is known to have, you know, low volume,
low this low that, but could also be fun, you know, study,
study summer 2021. So let's talk about this.
(02:08):
There's a lot of news regarding the tariffs and everything.
So we want to talk about this. Then let's talk about, you know,
let's talk a little bit about like building the space.
I'll talk about racks, I'll talkabout brand coins.
Want to talk about all this stuff.
So we'll talk about about some stuff over.
He's been up to. I know you've you've actually
been cooking. Love that.
So you know the timeline and then we'll do the giveaway as
usual. So we'll we'll give some money
away to to a lucky winner. Someone will come on stage and
(02:29):
we'll pick from the win from thereferral list.
We'll let OV pick a number and we'll give someone some money.
And then last but not least, this show.
This show is powered by wallet connect Wallet Connect is the
connectivity network shaping thefuture of on chain UX.
If you've connected to Web 3 app, you've seen wallet connect.
That blue logo, it's everywhere.And I kind of trust in crypto is
(02:49):
recognizable as visa. Check out.
Want to learn more? Follow at wallet connect on X
and Telegram to stay ahead of what's next.
The founder and core contributorwas on the show yesterday, so
you can definitely go back and check it out as they're cooking
OV ovi ovi. I'm curious with thoughts on the
market here. But first, I do still have your
Jingle, so I I may as well just I may as well just hit it.
(03:10):
Daily market report brought to you by Rogue Radio Joseph.
What's the word? Oh, you're muted on stream yard?
Can you hear me now? Yes, Sir.
Sorry, as I just read it from time to time, because there's a
bit of, it's a bit noisy where Iam market, you know, like I, I,
(03:36):
I think I tweeted a couple of days ago that I was like, we're
probably going to see some sort of liquidation on Bitcoin.
Like it's very clear. Obviously, you know, the
elephant in the room is, is James Wynn and his massive
positions. And I think when you do that
from one account in such a public fashion, yeah, it's your
your easy pickings for big whales, right?
(03:56):
Like, it's very easy for a bunchof people to gang up, short it,
push it, liquidate you, cover their short in that liquidation,
go long, push it back up again. And that's exactly what
happened. And I think the Wick went down
to what, like 104103 I think. Where, how I I don't even think
we went that low yet. I.
Think it was pretty decent weight, maybe I could be wrong.
(04:17):
4-6, yeah. OK, 1046, but not not too bad.
But you know, obviously that people had shorts to cover there
too, so they did. So I think that's what has
happened on Bitcoin. I just saw he's gone long again.
No. Yeah, but it's much, it's much
smaller size, Yeah. Oh yeah, he doesn't have size
anymore. Never mind.
Like 48 mil or whatever. I mean, that's still not
(04:38):
nothing, but yeah, it just feelslike there's a lot of long and
leverage hunting. I think if you looked at a lot
of the meme coins that ran up over the past few weeks, stuff
that you know, Bonk guy was talking about, etcetera, a lot
of them had relatively high leverage, like people just, you
know, big lever positions and that they've been money on.
(04:59):
So seeing some of that stuff wiped out, I think it's just a
natural course of action. I think once this all cleans up,
my guess is we continue to go higher and we continue to rally.
And on a macro standpoint, I'm still pretty constructive and
pretty bullish as well. Like I think the tariff
headlines we had over this week are just for me, they were like
nothing headlines. I was kind of surprised we
rallied on that court ruling. I wasn't surprised that they
(05:22):
overturned it. I personally thought that was
kind of like a nothing headline.And I don't think that's really
the real reason why we rallied. The market right now is trading
to me like people want to buy risk, people want to keep adding
and US money supply is still going higher, still trading
higher. So I think we'll, we will bounce
(05:43):
from here. That's my that's my hunch.
We, yeah, I mean this range, I mean on the show we talked a lot
about the range. So this has been kind of the
range, whatever the one O what it was like 9090 K, one O 4K.
The one the range has been, we've been in since like
November and we broke out of it and then we kind of been ranging
since. And so we were expecting to kind
(06:03):
of kiss it again top range. So that's kind of where we
bounce this morning. Yeah, it's kind of you look at,
you look at that chart and again, I don't breathe even
charts. We look at that chart and it
looks like to me that we're at alevel where we should bounce.
So that's my hunch. And I know Bitcoin dominance has
gone up, but I think that's partly due to a leverage wipeout
and a lot of the other stuff. And I think people getting a bit
(06:25):
scared, taking profits, all thatkind of stuff.
But I do think I'm a believer inalt season.
I do think we will see alts rebound very quickly.
Like I think it's a good spot here to buy alts or buy me
anything that you'd like a lot that's down or maybe anything
that you like a lot that isn't down, but it's outperforming the
market. Like you know that also Austin
shows its hand too. So I would I would look to go
(06:48):
shopping. I think with this price action,
that's how I feel. Look at the total 3 chart.
Fuck it's been the same price since like it's back to like May
20. Actually, it's back to May 2021
prices. Yeah, exactly.
It's it's crazy, right? So I think, yeah, I just think,
you know, the last time we had aproper alt season was summer
(07:09):
2021. And I think most people have
accumulated so much PTSD since then.
And no one thinks it's going to happen.
And people have are so scarred that they want to fade moves
high, they want to keep selling.No one is, no one is like, I
don't think many people are prepared for the the style of
(07:32):
price action we had in 2021 whenthings can go like 10 to 100 X
very quickly. Every 100 million coin is a
billion. Every billion dollar coin is 10
billion FTV. Like things can just gap very
quickly because of how constrained supplies and some of
these tokens and because of how low liquidity is when a lot of
capital comes in at the same time, things can go really
(07:52):
parabolic and that that parabolic move, when it happens,
that will be some sort of a blowoff top.
And you're you're absolutely meant to sell into that.
And it mainly lasts for two weeks.
It mainly lasts for two months. And I'm not really sure, but I
do think it will happen. I think we're going to I think
we're going to see it. I have AI have a feeling we're
going to see it this summer, to be honest with you.
Like that's my belief. Yeah, I mean, I put a poll out
(08:13):
yesterday. It's on, I retweeted it for
those of you who want to participate in the poll.
But we have what, 10 hours left,768 people responded so far.
Do you think we're going to get an alt season?
56.4% of my following so far thinks we are.
So let's talk about this. I I'm always scared of calling
for alt season. Like I said, I I've never called
it. I don't want to call it because
this is a weird cycle because like it's alt season, but also
(08:34):
not every alt, right? Just because the alt was like
like $10 billion last cycles, itmeans going back, right?
And so you have ETH trading at 2585.
So this actually held pretty strong this time around.
I think he barely kissed 2000 onthe Joe Lubin news with S bet
and everything. Soul is back down to 161, not
looking great. And then you have like, you
(08:54):
know, Farko has been the leader of this cycle.
I mean, it's got really hit pretty bad from 160.
Pepe is also another leader of this cycle, back down to 540.
Mug is another strong one, back to 393.
You guys have been strong. I mean, barely down.
And then Hyperlink, which has kind of been the winner of this
second leg of this cycle so far.Back down to 32 from what,
(09:15):
$39.00 high? So you seem to think we're
getting it all season. When would that be, do you
think? This is kind of like summer
summer thing where Bitcoin relaxes a bit and we get it all
season like in 2021. I think it's the summer.
Yeah, I think we're, I think we're very close to it.
And we and we've, I think we've started to see signs of it, You
(09:37):
know, ETH staging A comeback, Bitcoin dominance looks like
it's topped. You're starting to see memes
rebound. You're starting to see like some
good stories on alts out there as well.
So I think we're very close to it.
I think it could well be the summer.
You know, I've said this on a a few times this year, but I think
we're in for what it's famously known as the lovely summer of
(09:59):
risk and the last time that 2021.
So that's my bet. You know, I think that's what's
going to happen. And I think the way that I view
it, right, it's like it's going to be one of two ways.
Either it doesn't it does happenor it doesn't happen.
If it doesn't happen, what's thepull back going to be?
20-30 forty, maybe 50, sixty, 70% on some also memes like it
(10:19):
could be a nasty pull back if you get a pull back.
But if it does happen, if it does happen, things are going up
10X plus there's going to be a lot of 100 XS out there.
So for me, it's like it's not a 0 probability.
I think it's a greater than 5050probability.
But even if I only thought it was a 30 or 40% chance, even if
(10:40):
I only thought it was a 20% chance, I would still try to
position for it because if it does go up 100X, whatever it is
or 10X, there's a lot of money to be made there, I think.
And I just want to take that gamble.
Like I want to take that bet. That's the way that I view it.
I think that's a bet you want totake.
It didn't make sense to take that at various.
(11:00):
Maybe it does make sense to takethat at some points last year,
but you know, throughout Q4, it didn't really make much sense
because you, you could see that Bitcoin was the thing.
But now I think it's worth, it'sworth gambling on that.
I think, I think it's worth a gamble.
It's a bet. It's not necessarily an
investment. It's a bet, but I think it's a
good bet. Yeah, I mean, you wrote about
this and I saw the clip on Rex radio, which was hilarious by
(11:21):
the way. But a lovely summer risk.
All tariffs, dips continue to begreat buys bears in order,
shambles. Probability of alt season
drastically increasing. Prepare for lovely summer of
risk. Many people will be making
fortunes. I do agree with that personally
speaking. Obviously I'm positioned for it
as well. But like I was saying earlier, I
don't think it's going to be allalts.
Not all alts are created equal, right?
Especially the cycle. Not all memes are created equal
(11:43):
either. Only specific memes pumped in
the last recent pump here. How would you pick the alts
though? Like this time around when it
comes like where, where are you?What where's your I know your
head's all in what you're building with RECT and busy with
it, and obviously you're bullishon that.
So you could use RECT as an example I guess.
But where's your head at with this cycle for alts?
(12:03):
I think I would. I would say memes fall into alts
so I think I agree. I think there are some memes
that have shown their hand like Pepe fart coin.
Those are the kind of like the only two MOG.
Those are the only three that I would say I'd feel comfortable
like holding without looking at the price all the time.
(12:23):
There are tons of other means out there, but the problem is
they seem to have a short lifespan.
You know, like the same cabals will run them up to 100 mil,
dump them all and then move on to the next one.
And maybe they'll be like a really cool coin that will come
out that will last for a few months and what not.
But you know, like house coin isa great example.
Everyone was all over house coinand now it's just like, kind of
like, I don't see anyone talkingabout it.
Right. So.
So do you think memes is is a good place to be in?
(12:45):
But you know, the only ones thatI would hold over for more than
like a week would be Pepe Mog and Farkorn.
And Farkorn, yeah. SPX is doing good, so are
billions. Actually, you know what, I like
SPX too. I would, I would like clearly
they have, you know, hardcore believers.
So I think I I would add that. To that, it's tough not to give
him credit anymore. Like even on the show, he.
(13:07):
Actually was talking about it, but he's he hasn't changed, you
know, he hasn't changed. He's been pushing it, so fair
enough. And then for alts, I think I'm
still bullish on the AI stuff. I think it's worth looking at
that. I think some of this info fire
stuff I think will probably do really well just because
everyone is talking about it, everyone is farming it.
(13:27):
You might hate it and I personally find it quite
annoying on my timeline, but it's hard, you know, if you hate
it, there's probably a reason tobuy it.
You know, that's the way I view it.
I think some of the info fire stuff will do really well.
Obviously, you know, I'd put RECT in there, Rectus, I guess
within the meme coin category. But you know, we call it a brand
coin. We call it a brand coin over
(13:47):
here. But yeah, that's an example of
something where like you want tobuy whatever coin you buy.
You want to buy a coin with the team that's running it.
And you may you may not know whothey are.
It might be an anonymous cabal or might be a Dox Fowler like
myself. But if you want to benefit from
old season, you want to just find things that you can hold
over the summer where it's not going to get rugged or where you
actually know who the guys are behind it.
(14:09):
You know, people are going to beworking for it, working for
their bags, all that kind of stuff.
You know, with SPX, you know, I'm not using this example.
You know, Murat's not going to go away, right?
He's going to be fucking making these Tik toks and chilling it
as hard as you can all throughout the summer, right?
And same thing for Rex that, youknow, I'm not going away and you
know that we're pushing aggressively and you know,
(14:30):
that's my self focus now. So I think with those kinds of
coins, if you're not in the whole like rotation game, you
could that's those are really good like high convexity plays
on an old season where shit likethat can literally just 10X in
the blink of an eye and before you know it suddenly it's at a
billion. So that's the stuff I personally
(14:50):
would look at. Yeah, I agree with you.
And, and I think that the ones you named are true.
And I'd rather buy a coin where I know people are going to like
be building in it for, for a while.
Or at least on the on the downside, you know, that they're
going to be like when when you guys went from like 100 mil, 125
mil to like what, $12 million? Yeah, it's like what, 90% Rick
was down? Yeah, pretty much 90%, yeah.
(15:12):
1992 or something like that, butat least you were like building
something and then markets turning around and all of a
sudden you have like the shipwrecked and the fucking
abstract and the next one and the next one and the LA thing.
Whatever's going on, you're announcing it's like, oh, wait,
this thing's back up to the 120 mil.
Oh no, I meant, but it's like I was telling OB there was a point
the cycle earlier where like I had to, I sold a ton, like
(15:35):
almost I've sold everything and I just kept wrecked because I
was like, whatever, it's not 90%, but it's OV at least going
to build. And then I bought back my coins,
but my wreck was also backed alltime high with it.
So it's like, OK, it's perfect. So it's like, I think you're a
good example, obviously talking in my back here, but at this
stage people know and there's a lot of red guys in the audience.
But this applies to not just OV,right?
It applies to like just and not just wrecked.
It applies to like other people that you think are building
(15:59):
something in the space and are going to stick around.
Some people like Launch Coin. Now they're going to go probably
through their hardest phase right here, by the way, Launch
Coin and they believe ecosystemslike are they going to be able
to sustain that? But I think another good example
of these virtuals, they like they came back of the abyss.
Like a lot of people remember the whole mean like over tools
making $12.00 a day, whatever. I mean, look at it's kind of
(16:21):
like you guys like it's kind of correct.
Yeah. It's it topped the PICO top
recently at $1.7 billion. It's chilling at 1.4 from a $200
million low, $215 low. So I would invest in like those.
How do you feel about the solelytrade here?
How do you feel, because I know you've played both your early to
the youth stuff, you're early tomoving to Solana and you've
(16:44):
played the ecosystem pretty wellin the eye and stuff.
And now you know obviously you're building an Ethereum
L1L22, I guess with abstract andyou have the base, you know,
base bridge. How do you feel about Solis here
in in the Solana ecosystem? I do think ETH can keep
outperforming here it feels like.
(17:06):
It feels like the tide has turned on the ETH.
I mean wow, I didn't realize that chart is where it is now.
That's crazy. I didn't either, yeah.
Yeah, jeez. So from these levels, I'm not
sure because it's had a big correction already, but I do
think ETH will keep doing well here.
I do think ETH, BTC at least cango higher.
It just feels like ETH now sort of the momentum has shifted
where ETH sort of has the wind beneath its sails a bit.
(17:29):
I think people are getting a bittired, getting a bit tired of
the whole like meme coin like Internet capital markets thing
going on where like everything is just a scam basically.
You know, like at least at leastwith meme coins it was like, oh,
you know, these are people are not promising you any value.
But like with the whole this like Internet capital market
stuff, I've seen so many coins where like, oh, we have this
(17:50):
like app in the App Store and shit and like I try and download
the app. It doesn't even work.
I'm thinking like, is anyone else actually like trying this
shit? Or is it just all these like Web
2 extractors coming in, you know, making money off it?
So I think that all that stuff'sput a bit of a bad taste in
people's mouths for Solana. I do think ETH can have a bit of
momentum here against it. I don't hate or dislike Solana.
(18:12):
I love Solana and I think it's alot of fun.
I think the casino will always be the casino that will always
remain. But it does feel like the ETH,
it feels like some of the big ETH guys are making moves and
the whole aspect thing with Joe Lubin, etcetera, like they're,
they're big guys, they're makingmoves, trying to push ETH again.
(18:33):
And that's something I think youdon't want to fade, I would say.
Yeah, it's it's that's definitely the case right now.
And I think that's a good take. And then you have all the, like
you said, all the info fi I'm actually curious what's Kaido
trading at right now? I was like a 2 billion FDV the
other day. Still at 2 billion.
Jesus fucking Christ. Strong, strong Jesus.
(18:54):
Wow, this is good. So you have that and then
obviously right now the Laudio stuff and then you have the
newer stuff this cycle, which islike hyper liquid, which is
trading really well. It's $30 thirty, $1.00 still.
So it's, it's pretty impressive.So there's a lot of good stuff
in that sense. And so one last thing, the
tariff stuff, you don't you're not worried.
So what's your read on like? I know Trump loves to come too
(19:17):
late, Jerome Powell and the ratecuts and everything, but
inflation is high. It's like, what's your general
sentiment here on macro JP and everything I?
Don't know, I think I'm not thatworried about macro like other
people are. My core view is that tariffs
will get resolved because they have to.
I think right now it's just a lot of posturing and posing and
(19:38):
people trying to get the best deal for themselves.
But I do think we'll see resolutions.
We, we see progress, then we seea stall, then we see progress,
then we see a stall. But the general trend of
progress I think has been up since we had that big crash in
April. And if you look at the economic
data, you know, like inflation is still whatever it is, 2.8%.
I know we expect it to go high now because of the current
(19:59):
tariffs that are in place, but it's not like we're starting at
like a relatively low base. It's nothing.
It's nothing that's crazy. And we're also starting with
interest rates in the base rate still in the mid fours.
Whereas in 2022, you just remember like the base rate was
basically zero and then inflation started to go higher.
And then we're like, shit, the Fed has like no wiggle room if,
(20:19):
you know, if shit hits the fan and we go into a recession.
Whereas right now. If you do head into recession,
in that case, you know, inflation usually stays low. the
Fed has so much room to cut if it needs to, like it has a war
chest of of room to cut. So I actually think we're in a
pretty healthy position from a macro standpoint.
And I think if you look at the US money supply chart, that
(20:40):
keeps growing and it is a good leading indicator of Bitcoin.
It always has been in the past. And once again, it's proven to
be true and you can see what, you know, Raul and Julian
Bessell and the, and the Real Vision guys post about that.
But if they've nailed it really.And you know, that's what I
(21:00):
think that's why I'm still bullish from a macro standpoint.
I'm still bullish from a crypto standpoint.
I think people are just, I don'tknow, I think people are just a
bit scared for no reason becausethey've just lost money on meme
coins or something like that. It's good though, right?
Like you need these pull backs, right?
Like at some point, like you feel the froth.
So it's, it's often, you know, every time I buy a watch, I
(21:24):
should sell My Portfolio like. Well, you, you kind of do if you
sell your portfolio, some of your portfolio to buy a watch
you've actually like cashed. Out, I know, but it's like 1%.
I know yeah, about 1% or yeah, maybe.
Fuck, you know what I mean? I'm getting like I'm getting.
I'm getting fucking Lana and Wizare fucking ripping me a new one
(21:48):
right now in the chat. So it's like when you buy your
watch again, fuck you. So so you know, anyways, I do
want to move on here to to to wrecked and what you up to?
You've been killing it. I love it, I love it, I love it,
love it. You talking about info Fi this
and that. I mean, you guys are doing it
without any of the you know, youkind of like the I mean, I guess
you've built your own brands. It's different, like even for
(22:09):
me, right, it's different. Like I don't necessarily need to
go through all the info fi stuff, though.
I I think about it sometimes, but with wrecked and I think the
most interesting post you've putout there, and you know, we
often joke about on the show, but in a good way because we
love it, is brand coins. You've you've kind of coined
that. So tell me Obie, what?
What the fuck is a brand coin? Let let me put it this way.
(22:31):
So the the meme coin space is a very big space.
Pepe, is that a meme? Yes, it's a meme.
Is with a meme? Yeah, it's probably a meme.
Is Trump token a meme? Probably not, right?
Like I guess you can make memes about Trump, but it's probably
not a meme coin, right? Is MOG a meme?
(22:52):
I don't think so. Like, you know, I think it's
more of a culture coin. It's more of a movement.
Is SPX 6900 a meme? Like not really.
It's not a well known meme. Again, that's more of a
movement. So I think like within the broad
category of meme coins, which I think the best definition of
that is like coins that have no provide no utility and have no
cash flows or revenues. It's a very broad term.
(23:14):
So I think like for us just to say, OK, Rect is a meme coin, it
didn't feel like it really classified it in the proper way,
especially because I think, you know, I'd see a lot of comments
of people saying, oh, you know, Rect isn't really a meme.
Like there's no, there's no memeto be had there.
Rect guy, I think is sort of like a memetic character.
But again, like it's not really,it's not really there.
(23:35):
It's a strong meme, but what I do like the idea of a single a
brand coin, which I think still fits into the meme coin category
because again, like it has no utility and no like intrinsic
value. There's no way you can value it
on like a model driven basis. So let me put it this way.
Let's say you're like a everyonelikes some challenger and start
(23:59):
up brands out there. Let's say you find like a cool
clothing company really early and you want to support them.
How do you support them? Maybe you share them on your
socials and stuff. You buy products from them and
let's say in five years time they blow up and become huge and
global. And what do you have to trade
for it? Well, maybe you have some like
pictures of yourself, like buying the early clothes.
Maybe some of those are valuableor you have some bragging rights
(24:20):
by saying, Oh yeah, I found these guys five years ago.
But that's that's kind of it. Like as a supporter and an early
Finder of that brand, you haven't really been rewarded for
it. Now let's say you buy some red
drinks and you earn some red coin and you hold that coin over
the next five years. And let's say in five years time
wrecked becomes massive and we crush it and we absolutely kill
it. Will that coin be higher in
(24:42):
value even though it doesn't ownthe IP, even though it doesn't
directly benefit from revenues? The answer is still probably
yes, because coins trade on sentiment.
They trade on speculation, they trade on attention.
And if we kill it in five years time, it will probably be higher
because it will be commanding a lot of attention.
And I think the success that we've had in the last couple of
months, you know where the coin is 5X basically has shown you
(25:03):
that it does trade on that attention and that success.
So in this, you know, instance, if you support the brand and you
buy the products early and you get involved, you, you know,
when you buy Coca-Cola, you justbuy the drink, drink it, and
then you kind of like get on with.
Your. You buy a red drink, drink it,
hopefully you like it, and then you earn some of the coin.
And if you then hold it over a few years and we kill it, you've
(25:25):
now like, have a stake in that, right?
You have a stake in this, you know this brand and I think you
know on the on the balance sheetof any brand, you will have a
line which says goodwill, which is an intangible asset.
And that's generally the value of the brand.
They estimate it. There's no actual number for it,
but they estimate it. So Coca-Cola will have a
(25:45):
goodwill line outs when the balance sheet like, I don't
know, Hugo Boss. I don't know why I said Hugo
Boss pretty random, but Hugo Boss will have good, you know,
good ball lands to the match sheet.
That's like the value of the brand, right?
It's intangible because you can't really refine it.
But you know, this is kind of what like a brand coin is like
people are buying and selling this brand based on their
sentiment and the feelings of it.
(26:06):
It's an intangible thing, but it's been like packaged up into
something that's a tradeable asset that actually has a price
and has buyers and sellers. So the way that I view it is
like a brand coin is kind of like that goodwill line item on
your balance sheet, which is like the intangible value of the
brand. And that I think is an
interesting way to really look at it.
(26:26):
And that's why I think this is potentially, you know, like
revolutionary. I think like if we if we do
really well at this time, we kill it, which have, you know,
high confidence that we will, I think people will look at it and
be like, man, that's, you know, that's an interesting way to do
this and approach this stuff. I like that.
I like. So let me ask you something
because, you know, we were talking that was news this week
and it was actually super sad tosee, obviously, but like 90CC
(26:48):
had to wind down their operations, right?
And they were a company that wastrying to crack into like a
pretty tough industry, which is the fashion industry.
They were doing well in what 3 at least the beginning.
You know, they sold that many times.
I don't know. And then, you know, they tried
to crack in the fashion industryand I think G money had to wind
down because of that. It just didn't work, right?
And then they ran out of money. Obviously it's way different
(27:09):
approach because you have the token, you have the equity of
the NFT community. So I don't want to compare or
take away from what you've got because it's actually impressive
and I've been there since day one.
But how do you plan on cracking into that web to like even Luca,
right, with the toys? It's I'm sure it's not that
easy, by the way. So how are you planning to like
crack into that web to, you know, drinking industry?
Because there's a lot, right? Yeah, it's not easy at the
(27:31):
beginning. At the beginning when you are
telling people about this idea that you have with no numbers on
the table and nothing to show for it, it's very tough.
But once you start paying some numbers up, it actually becomes
much, much easier than I think people realize.
Because you know, we did the first drop, right?
And then the first drop, we soldlike more sparkling water in 2
(27:52):
days than Tesco does in, in across all of the sparkling
water brands in the same time period in the whole of the UK.
So like these numbers are not small numbers that we've sold
half a million drinks almost in just three days of sales.
So when you have numbers to likethat and then you go to like the
Web 2 or traditional guys, everyone is like, what the fuck
is going on? Like how are you guys selling so
many drinks? How have we not heard about
(28:13):
this? How are you guys doing it just D
to C from your website without even having distributors,
without having anything on wholesale?
Like it's a very like new thing that I think is very disruptive.
So actually like on that side ofthings, it's been really easy to
have those conversations becausewe can say, hey, look, we are a
Web 3 brand and we've been building this for three years.
This is the size of our community.
(28:34):
This is how cult like and stickyand strong our community is
because every time we do these drinks, they sell out within,
you know, a few minutes now. And this is the potential for
something to be a lot bigger. And obviously people have stuff
like prime in their mind from infrom recently and other drinks
brands when they first start outand and take off.
So this is, I think very, very similar thing, but the web 3
(28:54):
version of it. And by the end of this year, you
will see some pretty big moves, I think in terms of getting us
having a footprint in the traditional world.
And that's the thing I think we really need for because right
now, like we have some great people in, but no, I feel like
no one, there's no apart from usand our community.
(29:14):
Like all the wrecked whales are like people within the wrecked
community. I feel like there's no, there's
no big CT person out there who owns wrecked or even talks about
it or has even looked at it, which I think is a bullish thing
because it means there are buyers out there.
If this thing takes off, there are buyers out there who will
want to buy into it. I think they're starting to like
the other day. I mean, I sent you a screenshot.
I'm the one named them, but theyhad like pretty big whale hit me
(29:37):
up like, yo, why do you like Rexso much?
And then I wrote them and This is why I like it.
So maybe that's how it starts. But you're right, like they
don't it's not like let's say like, and I'm not calling out on
them or or the threat guys of this world.
And it's not me calling. I'm just saying like I'm naming
easy top like gamesies or like aside from your homies, you
know, it's not like a lot of bigCT folks just talk about it, but
(29:58):
it's a pretty successful model so far.
Yeah, I, I agree. And I think like for us, once we
start doing the mainstream stuff, I think that's when
things will click and people will suddenly realize, yeah,
pudgy Penguins, you pudgy Penguins had their early
supporters. They had, you know, everyone who
backed and believed Luke at the beginning.
But it wasn't until the Walmart thing that people were like, oh,
(30:18):
fuck, this is like legit now. It's not just going to be like
a, you know, Web 3 circle Jack thing.
It's it's actually going, going mainstream.
I think we haven't had that moment yet and that's what we're
trying to work towards. Is that moment coming?
It will come that moment will come it.
Will come, I like that it will. I like that it will come.
(30:39):
It's you're right. It's funny in this space we
obsessed over like all being within web 3 and stuff.
It's kind of like reminds us of NF TS 2021, like we found to the
I found through it at least, anda lot of people did.
Whenever a celebrity with PFP fucking cool cat or punk or
whatever, be like, Oh my God, wemade it and then the floor would
pop like crazy and then like you'd realize they don't really
care. And then and then this time
(30:59):
around it's like different. We want to get our products into
web 2, you know, like Walmart and you know, for you, I, I, I
don't know what you got planned,but you'll probably you talk a
lot about boots, let's say. So I'll just say boots, like
boots in the UK or something like this, But that's, that's,
it's different. It's actually much more
valuable, if anything, and that's what we want most.
So I think that's that's when it's funny.
It's when people wake up to the product instead of early on, But
(31:21):
you know every. I think on the, you know, an
outside person who's not involved in the rec ecosystem
probably looks at it and thinks,oh, that's kind of cool.
But you know, how do we know they're going to keep doing it?
But as soon as you're in, you know, like a household name,
then that's when people, I think, wake up and like, oh,
shit like this can be can. Be big.
Yeah, You know, everybody buys rec to the price they deserve.
(31:42):
So, so I love that any I mean though, you know, I cannot, I
think we, we've gone around the home pretty well on markets and
rec. But like, is there anything else
you want to shout out on the recside?
That's kind of it we have. So we have this open C drop
coming up pretty soon. What's that about?
So it's just a next ring. Hey, I've got.
That's the can. Hey, let's go, I.
(32:04):
Have my first one this week actually.
It's pretty good. Yeah.
So we had, that's our next drop.We have that coming up.
It's going to be on open C that you're going to be able to buy
NFTS on abstract and you'll earnopen CXP, you'll earn abstract
XP, and you'll also earn recs drag points as well.
So there's like a triple reward system baked into this one.
(32:28):
And if you want to take part, we've made an allowance for
anyone who purchased drinks in the past or people who own rec
guys or if you own like $100 worth of rec coin.
But also we're running an allowance for raffle as well.
So just head over to the rec drinks account and you can see
all the information there. The raffle I think closes in
about a day, so make sure you like you get involved there.
(32:50):
All right, there you go. Make sure you get involved over
there and check it out. As our coins continue to get
decimated, I wonder when that bottoms in the form will be.
Is shit going down again? But it's just kind of not great.
It's just kind of not great. All right, let me get to this
YID stuff. It's just our our YID daddy
(33:11):
Mando did not top up our account, so I need to front it.
Hold on Shit. I I didn't send I didn't send
money here to the seed account Iwas looking at yeah one second
it'll take 2 seconds to deposit.I got a deposit 500 bucks at
least so that we can so that we can play and then we'll pick a
(33:34):
winner In the meantime, Ovi, maybe you pick a number between
1:00 and like 100 and then I'll.ATA. 88 I like that one second
USDC to this account for Roc dotE one second pick 88 probably
got to count 88 times. All right, one second.
(33:57):
OK, I fronted 510 dollars. OK, I fronted 510 USDC for the
record. Boom, OK, boom.
OK, so that's Connor, he's an idiot.
So now let me go to the referral.
So today, since we don't have Sims without the raffle bot,
we're going to pick someone that's directly using the formal
reflink. You know, because that's only
(34:18):
fair in my opinion, to give backto the people use our reflinks.
Make sure you go to e.com/andthennot/just formal our
referred users loading man, they're killing it over here.
Like I, I like how you guys, youwent direct way, you know,
you're building your things out the tabs and it's helping you a
lot on that front. And then Mando, you know, and
(34:38):
KBM went the went the heat way. Yeah, yeah, it's weird.
Like I and everyone's been extremely busy as well.
So it's just like I wake up, I'mjust like working on rec stuff
like the entire time. And then like I probably speak
to speak to tabs all day. I probably speak to tabs more
than I speak to anyone else right now.
(35:01):
And then yeah, just sleep and then wake up at the same again.
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