Tomorrow, Elysium officially goes live on mainnet
Quite a few people have been asking me to recap some of the most interesting tokens across Elysium's launchpads, especially as the ecosystem starts attracting more attention and liquidity
The first launchpad I want to cover is Ascend, home to its current main runner, $e/acc
It's also the highest market cap token on Elysium right now, trading around $9.75M MC after climbing from below $1M to nearly $10M in just a few days
But what caught my attention isn't just the chart. It's the narrative, the buyback mechanism, the 500 HYPE spent on HyperCore Spot listing rights, and the growing interest from the Hyperliquid community
Let's take a closer look
1. Where Does Ascend Stand in Elysium?
Ascend is a launchpad on Elysium, a Layer 2 developed by Kinetiq within the Hyperliquid ecosystem
What I like about Ascend is that they're not just focused on launching tokens. They're also building a pathway for projects to grow beyond their initial launch :
Ascend => Elysium AMM => HyperCore Spot => Potentially HIP-3 Perps
Tokens can start trading through liquidity pools on Elysium and potentially expand to Hyperliquid's order book infrastructure if they meet the necessary requirements
Ascend doesn't have its own native token. Instead, it uses $KNTQ within its protocol economics, allocating part of its revenue toward $KNTQ and $HYPE buybacks
One of its publicly known co-founders is Tommy (@CryptoTomYT), who's also been actively promoting the launchpad on X
However, Ascend is still well behind Montra in trading volume
Based on November 7–8 data :
> Montra : $7.4–8.2M in 24H volume, around 60–66% market share
> Ascend : $1.2–1.9M, around 10–17%
> ElysPump : approximately $500K, or 4–5%
> Kleos : $400–500K, or 3.5–4.5%
> The remaining volume is split between Boxa, Obol, and other launchpads
Montra clearly dominates trading activity, while Ascend ranks second
Interestingly, $e/acc on Ascend currently has the highest market cap across Elysium, at times accounting for around 40–44% of Ascend's total volume
That shows Ascend has a strong runner, but also highlights how dependent its activity is on a single token
Tomorrow's mainnet launch will be an important test of whether Ascend can attract more runners and expand its market share
2. What's the Narrative Behind $e/acc?
$e/acc stands for Effective Accelerationism, a philosophical movement that supports accelerating scientific and technological progress, particularly in AI, rather than slowing development because of potential risks
Rooted in accelerationism, the movement is often positioned against more pessimistic views of AI's future
Within crypto, e/acc has gradually become a cultural meme representing innovation, building, and acceleration
So why does this narrative matter for Elysium?
If you've been following @Enter_Elysium, you've probably noticed that they frequently use "e/acc" alongside the slogan "Accelerating Hyperliquid"
From a branding perspective, the connection makes sense
Elysium is positioning itself as a high-performance Layer 2, targeting roughly 100ms block times, 300 Mgas/s throughput, using HYPE for gas, and building deeper connectivity with HyperCore
It also aims to create a pathway for tokens to move from AMM trading to HyperCore Spot
That makes the acceleration narrative a natural fit
I think $e/acc is leveraging this pretty well. Instead of creating an entirely new story, it's positioning itself as a symbol of the culture Elysium is already promoting
However, $e/acc is not an official token of Elysium or Kinetiq
It doesn't represent the chain's technology, revenue, or economic model. The connection is primarily cultural and branding-related
It's a memecoin riding a narrative that fits Elysium, not an infrastructure project
3. Who's Behind $e/acc?
This is something worth understanding before getting involved
$e/acc currently operates as a Community Takeover (CTO)
The @eacc_coin account has confirmed that the current team isn't the original developer, who has already left the project. The community has since taken over the narrative, marketing, and activities supporting the token
However, its origins remain somewhat controversial
Some claim that the Ascend version of $e/acc is a copy of an earlier e/acc token launched on ElysPump
There are also allegations that the original developer accumulated a significant amount of supply at launch, sold it, and then walked away
I haven't seen enough verified on-chain evidence to confirm these claims
On the positive side, the current team has been fairly transparent about operating as a CTO and has already taken concrete steps to support the token
Still, beyond the narrative, buybacks, and HyperCore listing plans, I haven't seen a clear product roadmap or independent utility
So I'd classify $e/acc as a community-driven memecoin, rather than a technology project with an actual product
4. HyperCore Spot Listing – The Biggest Catalyst
On November 7, the team announced that it had spent 500 HYPE, approximately $38K, to acquire HyperCore Spot listing rights
According to the team, $e/acc is the first token on Elysium to do this
For context, HyperCore is Hyperliquid's on-chain order book trading engine, supporting spot and perpetual futures, while HyperEVM is its smart contract environment
Getting onto HyperCore Spot could allow $e/acc to reach a broader group of traders instead of relying entirely on AMM liquidity on Elysium
It also aligns with Ascend's proposed pathway :
Launch => HyperCore Spot => Potentially HIP-3
However, purchasing listing rights doesn't mean the token is already live and trading on HyperCore
The team still needs to complete deployment, establish the order book, and secure actual liquidity
So for now, the 500 HYPE payment is more of a narrative catalyst and a sign of community commitment than proof of deep trading liquidity
Still, that's a meaningful amount for a CTO memecoin
It shows the community is trying to take the token beyond simply generating hype on X
I also think this explains why Ascend has been actively promoting $e/acc. If the listing succeeds and attracts real volume, it could become a strong case study for Ascend's launchpad model
5. How Does the Buyback Mechanism Work?
Another thing I like is $e/acc's buyback mechanism through Ascend
Ascend charges a 1% base trading fee, distributed according to the token's market cap band
At around $8.75M MC, the reference structure for the $1M–$10M band is :
> 0.55% of volume : Creator Allocation
> 0.05% : Coin Support
> 0.40% : Protocol Fees
Importantly, the actual fee band depends on moving average market cap, not simply the current market cap
Creators can receive fees directly, reward holders, or allocate them to buybacks
The $e/acc team has chosen Buyback, using its Creator Allocation to purchase tokens and permanently lock them
According to figures displayed on Ascend's interface at the time of the snapshot :
> Approximately 6.18M $e/acc had been bought back and permanently locked, representing 0.618% of the 1B total supply
> Around 187.37 HYPE was pending for future buybacks
That's encouraging because there's already recorded buyback activity, rather than just promises
Ascend also has a separate Coin Support mechanism, allocating a fixed 0.05% of trading volume toward buying support once a token meets the $40K market cap threshold, regardless of the team's chosen configuration
Under the fee schedule, Creator Allocation rises to 0.60% above $10M MC and 0.75% above $50M
However, not all of the 1% trading fee goes toward buying back or burning $e/acc
Protocol Fees are allocated separately: 10% to the treasury and 90% designated for $KNTQ and $HYPE buybacks, split 80% and 20%, respectively
According to Ascend's documentation, ecosystem-token buybacks, the Points Program, and staking rewards are not live yet
So fee allocation shouldn't be confused with incentive programs that are already operational
For example, $1M in daily volume at a 0.55% Creator Buyback rate would generate approximately $5,500 per day for buybacks
That's decent, but at nearly $9M MC, sustained volume is needed for a meaningful impact
If volume drops after mainnet, buybacks decline too
I see this as a positive tokenomics feature, not a guarantee of price appreciation
6. What Are KOLs and the Community Saying?
Some notable names in the Hyperliquid community have started paying attention to $e/acc
First is Tommy (@CryptoTomYT), Ascend's co-founder
He's been actively promoting the token, particularly after the HyperCore listing announcement, using its progress to highlight Ascend's vision of bringing launchpad tokens onto HyperCore
That makes sense, since $e/acc's success could also strengthen Ascend's brand and attract more traders
Beyond Tommy, dimi (@DimitriDotEth) posted about @smartestmoney reportedly getting involved with $e/acc
Smartestmoney is a notable Hyperliquid trader known for taking large positions
More interestingly, smartestmoney also reposted a community post discussing $e/acc
I see that as a positive attention signal, since the token has caught the interest of a major player in the ecosystem
However, a repost doesn't confirm position size or long-term holding intentions. I still haven't seen sufficient on-chain evidence to verify how much $e/acc the wallet holds
Overall, attention remains concentrated within Hyperliquid and Elysium, without a major wave of tier-1 KOLs outside the ecosystem
That leaves room for the narrative to spread after mainnet, but also shows how dependent current momentum is on the existing community
7. Chart Analysis and Capital Flows
On the DexScreener 1H chart, $e/acc is trading around $8.75M MC, after recently approaching $10M
The bullish structure is fairly clear
The token initially climbed toward $2M, consolidated around $1.5–3M, then broke out toward $5–6M before reaching the $8–10M range
Volume increased significantly during the breakout, suggesting genuine trading activity behind the move
However, after such a strong rally, I don't think this is an attractive place to FOMO
Here are the levels I'm watching :
> $9.5–10M: Immediate resistance. A confirmed breakout with sustained volume could open the door toward $12M, potentially $15M
> $7–8M: First potential pullback zone, where I'd watch buyer reactions
> $5–6M : Potential support around the previous breakout
> $4–4.5M: A deeper correction zone that could signal weakening short-term structure
These are market cap zones I'm monitoring, not guaranteed support levels
After a multi-x rally in just a few days, a 30–50% correction is entirely possible, especially if mainnet becomes a sell-the-news event
Personally, I'd rather wait for a pullback, consolidation, and confirmation of renewed buying pressure than chase the price near resistance
8. How Could November 9 Mainnet Affect $e/acc?
This is the biggest catalyst for the entire narrative
Elysium has already seen trading activity during soft mainnet, but November 9 is expected to mark a broader official rollout
Potential support from https://t.co/MDT1D8rHCr, Fomo, and other trading platforms could bring more traders into the ecosystem
If overall volume increases, established tokens with strong narratives, active communities, and liquidity like $e/acc could benefit early
Ascend also has an advantage through its positioning within the Kinetiq ecosystem and its HyperCore connectivity plans
However, mainnet doesn't automatically mean liquidity will flow into Ascend or $e/acc
Montra still dominates with roughly 60–66% market share, while new launchpads and tokens could further fragment liquidity
$e/acc has also rallied substantially ahead of the event, creating sell-the-news risk as early buyers may take profits
That's why I'll be watching the first 24–72 hours after mainnet
If ecosystem volume grows, Ascend maintains or expands its share, and $e/acc keeps attracting capital, that would be positive
But if volume spikes on day one and quickly fades, a deeper correction becomes more likely
9. Risks Worth Keeping in Mind
Even though I'm relatively positive on $e/acc, there are several risks
First, it's still a pure memecoin. There's no clear independent utility or revenue-generating product. Its valuation depends on narrative, community attention, and liquidity
Second, its origins and supply distribution remain controversial. Questions about the earlier e/acc token, original developer, and concentrated wallets still require on-chain verification
Third, HyperCore listing isn't complete. Spending 500 HYPE doesn't guarantee a deep order book or meaningful trading volume
Fourth, Ascend isn't leading in volume. Montra dominates market share, while a significant portion of Ascend's activity depends on $e/acc
Finally, valuation matters. Near $9M MC after a major rally, the market has already priced in considerable optimism around mainnet, buybacks, and HyperCore listing
That makes chasing current levels less attractive from a risk-reward perspective
10. Final Thoughts
Overall, I think $e/acc is one of the strongest tokens on Elysium in terms of narrative and momentum ahead of mainnet
What I like isn't just Effective Accelerationism, but how well the token is leveraging Ascend's position
It has a narrative aligned with Elysium's branding, support from Ascend's co-founder, an operating buyback mechanism, a CTO team that committed 500 HYPE toward HyperCore Spot listing rights, and growing attention from notable Hyperliquid players
That makes it stand out from many memecoins relying purely on short-term hype
However, a strong narrative doesn't guarantee sustainable growth
Right now, $e/acc is still a bet on Elysium's development, Ascend maintaining market share, and whether the community stays interested after mainnet
From a trading perspective, I'm slightly bullish if fresh liquidity enters the ecosystem, but I'm not interested in chasing after such a strong rally
I'd rather see the price maintain its structure, establish clear consolidation, and sustain volume beyond November 9
Mainnet could take $e/acc to the next level, but it could also be when the market starts repricing the expectations built up over the past few days
For me, the real question isn't how much higher $e/acc can pump before mainnet
It's whether it can maintain its leading position once the event is over
I'll keep following Ascend and the other major runners on Elysium over the coming days
Which token are you watching most closely ahead of mainnet?
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