Join Matt and Simon as they discuss the recent recovery in crypto markets following Trump’s tariff announcements, the dynamics between Bitcoin and Ethereum, the dramatic collapse of the Mantra project, the resurgence of memecoins, and the upcoming token unlocks.
Key Takeaways
- Crypto markets reacted positively to Trump’s 90-day pause on most reciprocal tariffs except for China. No one knows what will happen after the pause ends in early July.
- Outperformance in the AI and memecoin sectors signalled a return of speculation. Whether this can be sustained will depend heavily on U.S. tariff negotiations.
- Investors should be cautious of projects with upcoming token unlocks. Over the next 24 months, at current prices, there won’t be a single month with less than $1B worth of altcoins being unlocked.
- MANTRA (OX) plunged 90% within a matter of hours, wiping out billions of dollars in market cap. The team cited “massive forced liquidations” as the reason behind the price collapse. At the time of writing, details about the event remain limited.
Important upcoming macro dates:
- May 7: U.S. interest-rate decision and Fed Chair Powell’s press conference
00:00 Intro
00:50 Market Update
11:12 Mantra’s OM Token Crash
17:14 Memecoins
19:30 Upcoming Token Unlocks
22:53 Ostium Onchain Trading
24:59 Outro