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everyone is talking about Elysium mainnet but i've been paying more attention to what traders are doing before it even arrives because while most people are waiting for November 9, one memecoin has already gone from below $1M to almost $10M $e/acc and the interesting part isn't just how fast it moved it's what the community is trying to build around it a memecoin with no official connection to Elysium has somehow become one of the biggest names on the chain its team has reportedly spent 500 HYPE securing HyperCore Spot listing rights millions of tokens have already been bought back and locked and some recognizable names in the Hyperliquid ecosystem are starting to pay attention i wanted to understand why because when a token moves this much before a major ecosystem event, there's usually more to the story than a green chart and sometimes the story is exactly what makes the trade dangerous the first thing that caught my attention was the 500 HYPE according to the community, they spent approximately $38K acquiring HyperCore Spot listing rights on November 7 that's a meaningful commitment for a memecoin operating as a community takeover especially when you consider that the original developer is no longer involved the current team behind @eacc_coin is trying to turn a token that began on a launchpad into something that can eventually trade through Hyperliquid's order book infrastructure but there's an important distinction here buying listing rights doesn't mean the token is already trading on HyperCore Spot the deployment, order book and liquidity still need to come together so i'm treating this as a serious catalyst, not a completed milestone if it works, though, the implications go beyond $e/acc it would demonstrate that a token launched on Elysium can potentially graduate from AMM trading into a much larger trading environment and that's exactly the kind of pathway Ascend has been promoting which brings me to Ascend Ascend is one of the launchpads operating on Elysium, the Layer 2 developed by Kinetiq within the Hyperliquid ecosystem its proposed progression is pretty straightforward: launch on Ascend trade through Elysium liquidity pools potentially expand to HyperCore Spot and eventually explore HIP-3 perpetual markets if the necessary conditions are met that's a much more interesting pitch than simply launching another token and hoping people trade it but Ascend isn't dominating Elysium yet the November 7 to 8 snapshot showed: Montra: around $7.4M to $8.2M in daily volume, approximately 60% to 66% market share Ascend: around $1.2M to $1.9M, approximately 10% to 17% ElysPump: roughly $500K Kleos: around $400K to $500K so Montra is still doing most of the trading Ascend is chasing from a distant second place and here's the strange part despite that gap, Ascend has produced the token with the highest reported market cap on Elysium $e/acc at certain points, this single token reportedly represented around 40% to 44% of Ascend's total volume that's both impressive and slightly concerning because it means Ascend has found a runner that people genuinely want to trade but it also means a large part of its activity depends on that runner staying relevant and the narrative fits Elysium almost perfectly e/acc stands for Effective Accelerationism the idea, broadly speaking, is that technological progress should accelerate rather than be slowed by excessive fear of its potential consequences it became particularly recognizable around AI and eventually developed into a wider internet and crypto culture if you've followed @Enter_Elysium, you've probably seen the phrase "Accelerating Hyperliquid" Elysium's branding already leans into that language fast execution, deeper HyperCore connectivity, and an ecosystem designed around expanding what can happen on Hyperliquid the technical ambitions mentioned in the research include approximately 100ms block times and 300 Mgas/s throughput so when a memecoin called $e/acc starts running on that chain, the connection is easy to understand the token didn't have to invent an entirely new narrative it attached itself to something the ecosystem was already saying that's powerful in a market where attention moves quickly but i want to make one thing clear $e/acc is not the official token of Elysium or Kinetiq it doesn't represent ownership of the chain, its revenue or its infrastructure it's a community memecoin using a narrative that happens to fit the ecosystem extremely well and that distinction matters now the buybacks are where the story gets more interesting Ascend charges a base trading fee of 1% but the entire fee does not go toward buying back $e/acc the allocation changes depending on the token's moving average market cap for the $1M to $10M band, the reference structure is: 0.55%: Creator Allocation 0.05%: Coin Support 0.40%: Protocol Fees the $e/acc community has reportedly selected buybacks for its Creator Allocation meaning that part of trading activity can be used to purchase tokens and permanently lock them according to the Ascend interface snapshot: approximately 6.18M $e/acc had already been bought back and locked that's around 0.618% of the 1B total supply another 187.37 HYPE was reportedly pending for future buybacks i like seeing actual recorded activity rather than a vague promise about future tokenomics but the scale matters at $1M in daily trading volume, a 0.55% creator buyback allocation would generate approximately $5,500 that's useful but it's not enough by itself to justify a valuation near $10M and if trading volume disappears after mainnet, the buyback flow shrinks with it there's also a separate Coin Support allocation, while protocol fees are directed toward the treasury and planned kinetiq:native and $HYPE buybacks some of those broader ecosystem incentive mechanisms were not live at the time of the research so i wouldn't count future protocol incentives as if they're already flowing into this token what matters to me is whether the existing buybacks remain consistent when the initial excitement fades then i started looking at who was paying attention Tommy, @CryptoTomYT, is a publicly known co-founder of Ascend he's been actively discussing $e/acc and its HyperCore ambitions that connection makes sense a successful $e/acc listing could become one of Ascend's strongest examples of what its launchpad can achieve but attention from a launchpad founder isn't the same as independent market conviction the other interesting name is @smartestmoney according to the research, @DimitriDotEth discussed smartestmoney's involvement, and smartestmoney reposted a community post about $e/acc that's worth watching because smartestmoney is a recognizable trader within the Hyperliquid ecosystem but a repost isn't proof of a large position i haven't seen verified wallet evidence establishing how much $e/acc smartestmoney holds, or whether any position is being held long term and i haven't seen a broad wave of major tier 1 KOLs outside the Hyperliquid community so the attention is real enough to investigate but i wouldn't exaggerate it into institutional backing or guaranteed smart money accumulation there's also a part of the story i don't want to ignore $e/acc is currently a CTO the community says the original developer has left there are allegations that this version copied an earlier e/acc token on ElysPump and claims that the original developer accumulated significant supply before selling those claims haven't been established by verified wallet tracing in the research i have so i'm not presenting them as confirmed facts but they're exactly why i'd want to examine the launch transactions, funding relationships and holder clusters before getting too comfortable with the distribution a strong narrative can attract buyers it can't erase what happened onchain and then there's the chart the research snapshot placed $e/acc around $8.75M to $9.75M market cap after approaching $10M from below $1M to almost $10M in a matter of days that's the kind of move that makes people feel like they're already late the structure described in the research showed an initial move toward $2M, consolidation around $1.5M to $3M, followed by a breakout toward $5M to $6M and eventually the $8M to $10M range volume reportedly expanded during the breakout which suggests the move wasn't happening without trading activity but after a rally like that, i don't want to buy simply because the candles look strong the market cap areas i'm watching from that snapshot are: $9.5M to $10M: resistance and a possible breakout area if volume follows $7M to $8M: first zone where i'd watch for buyers returning $5M to $6M: previous breakout area that could become important on a deeper pullback $4M to $4.5M: a more serious correction zone these are reference levels, not guarantees and they're only useful if the market structure hasn't materially changed since the snapshot personally, i'd rather see a healthy consolidation and fresh demand than chase a token after a near 10x move because November 9 could change everything Elysium's official mainnet rollout is expected to bring a new wave of attention to the ecosystem if that attention turns into sustained trading volume, the established runners could benefit especially tokens that already have recognizable narratives and active communities but there's another possibility the market has spent days buying the expectation then mainnet arrives early holders take profits new tokens compete for liquidity and the strongest prelaunch runner suddenly has to prove it can survive without the countdown that's the scenario i'm thinking about Montra already controls most of the launchpad volume Ascend still needs to expand its share and $e/acc needs to demonstrate that its momentum isn't entirely dependent on one upcoming event the first 24 to 72 hours after mainnet could tell us much more than the rally beforehand i'll be watching whether ecosystem volume actually increases whether Ascend captures a larger share of that activity whether the buyback numbers keep growing and whether HyperCore Spot moves from purchased listing rights to real trading liquidity because those are the things that could turn this from a temporary narrative into something more durable what makes $e/acc interesting to me isn't just accelerationism it's the way several stories have converged around one token a community takeover a narrative that fits the chain's identity a launchpad trying to prove its model recorded token buybacks 500 HYPE committed toward HyperCore Spot and a major ecosystem launch approaching that's a lot of attention concentrated in one place but there's a reason i'm not chasing blindly the token is still a memecoin the original launch deserves further investigation the HyperCore listing isn't complete Ascend remains behind Montra in trading volume and a valuation near $10M already reflects a great deal of optimism i like the setup i like that the community is doing more than posting memes and i think $e/acc has become one of the more interesting narratives to watch on Elysium but the real opportunity might not be the move into mainnet it might be what happens after everyone stops talking about the launch date because getting attention before mainnet is one thing keeping liquidity after mainnet is something else entirely and that's the part of the story i'm most interested in $e/acc ca: 0x8df4f39d592de2aAee15838B265C2392d19A4128 DYOR

Over 90 $HYPE have been distributed to eaccat holders. acceleration is programmed 𖾕𖾝꙼ᩚ𛲕𖾟 https://t.co/DndXZinCJc