Crypto Rundown: 10x Winners & How to Find Them

Bitcoin, Ethereum, and Solana are range-bound at roughly $64,000 to $65,000, $2,000, and $170 respectively, and Brian McNutt expects them to stay that way until fall absent a black swan event. Bitcoin is up approximately 3% over the prior seven days, the fear and greed index sits around 39, and Bitcoin has been in fear or extreme fear for over a month with little downward price movement, which McNutt characterizes as part of a bottoming process. He says DCA into majors becomes more attractive the longer range-bound conditions persist, and he is becoming more bullish on Ethereum heading into fall due to increasing institutional adoption. He treats on-chain activity picking up and interesting runners appearing on-chain as an indicator he watches one to two months before a bull market shift in majors.

A Fed chair identified as Kevin Warsh is reportedly prepared to support a rate hike in September if economic data does not change, though a jobs report released on the day of recording showed falling odds of a rate hike, moving counter to that signal. The Clarity Act failed to reach a floor vote before congressional recess and has been pushed back to September. Polymarket odds of the Clarity Act passing in 2026 stand at 14 percent, and the more probable timeline for passage is cited as 2027. Christopher John Carlo argues the Clarity Act not passing does not matter because the current SEC and CFTC chairs have administrative powers to move the industry forward, and predicts that if regulators execute correctly over the next two years the crypto framework will be too embedded in the financial system to unroll regardless of future election outcomes. The SEC separately announced it will release crypto guidelines independent of the Clarity Act.

Tom Lee argues crypto is a downstream story of AI, comparing it to memory stocks that went parabolic, and predicts that in 12 months people will recognize crypto was the downstream AI trade. He says BlackRock is tokenizing almost every asset and that crypto rails offer finality, 24/7 trading, and composability, effectively turning financial assets into software. A separate claim holds that finance apps exceed 50 percent of consumer app activity on blockchains most months, and that mass adoption will occur when people do not know they are using crypto.

Robinhood chain active addresses hit an all-time high of approximately 375,000, with DEX volume rebounding to approximately $361 million after declining to roughly $212 million. The broader pattern observed is that Robinhood US listings trigger initial price spikes followed by sell-offs, and McNutt believes the next Robinhood US listing will likely be a utility-based coin rather than a meme coin. Uniswap released a new launchpad called Trade Pools on the Robinhood chain, accessible at Pools.trade. McNutt identified on-chain activity connecting the Trade Pools token to the Uniswap team, specifically a person named Zach, and sent a trade alert to his community to buy at approximately a $2 million market cap. The token ran to $17 million. A Uniswap product design manager tweeted the frog mascot's name as Frong, causing a spike, then deleted the tweet which created FUD. McNutt sold some of his position into the spike toward $17 million but still holds a portion.

McNutt called Stonk.fun at approximately $1.5 to $2 million market cap on the day of recording. Stonk.fun is a launchpad that pairs meme coins with real tokenized equities including pre-IPO stocks, with pairings including a coin paired with Anthropic pre-IPO stock, Goblin paired with OpenAI, and SpaceX-paired tokens. His thesis is a picks-and-shovels play on the Stonk platform token rather than individual paired meme coins. He describes himself as split 50-50 on Stonk.fun, seeing it as either too silly to last or the most creative and successful on-chain meta happening right now, and warns that launchpad wars among competing platforms can cause significant problems for participants.

Stonk Brokers was a prior call on the show covering both the NFT and the token. The NFTs were approximately 1 ETH at the time of the original call, rose to around 2 ETH, and later reached 7 ETH. The Stonk token did approximately a 10x from the point it was called on the show. Stonk Brokers NFT holders receive rewards in actual equities deposited directly to the wallet holding the NFT, and some NFTs had unclaimed stocks attached at the time of the original episode. Stonk Brokers NFTs have flipped Pudgy Penguins in rankings and may flip Bored Ape Yacht Club, which would place the project among the top NFT collections. The Stonk token uses revenue for buybacks and could benefit further if an equities-on-chain meta takes hold on Solana.