Continuing my Elysium recap, next up is $BLOB, the main runner of ElysPump and one of the best-performing memecoins on the chain ahead of mainnet
I've spent quite a bit of time researching this project. Beyond the mascot narrative that's been gaining attention, $BLOB has actually built some useful products, and the numbers behind them are pretty interesting
However, there's something worth discussing. While $BLOB has been performing well, ElysPump itself hasn't really managed to stand out against the other major launchpads on Elysium
1. The narrative behind $BLOB
$BLOB is a blue character that always looks completely unimpressed. It follows its dev everywhere, from airports and hotels to crypto events, but never seems excited about anything
Its slogan is pretty simple: "Goes everywhere. Enjoys nothing"
What's interesting is how this character has gradually become associated with Elysium. The community often calls $BLOB "the face of Elysium," and people connected to Kinetiq, including @0xOmnia, have also been mentioned in discussions around the mascot
The team has even developed physical plushies and visual content to strengthen its identity
I think the narrative works well because it's simple, recognizable, and easy for the community to spread
However, being called the official mascot by the community doesn't necessarily mean Kinetiq has officially endorsed or backed the token
2. Real products and some interesting numbers
This is probably what makes me rate $BLOB higher than many typical memecoins
The team has already built Blob Bridge, BlobSwap, and Blobify
According to the data recorded on https://t.co/mcAk8ZYjdn :
> 5,363 bridge crossings in 24 hours
> 29,847.51 HYPE moved in 24 hours
> 24,278 total bridge crossings
> 9,165.42 HYPE recorded through https://t.co/mcAk8ZYjdn
> Bridge service fee: 0%
> Approximately 91.65 HYPE saved compared to a 1% bridge fee
That works out to an average of around 5.57 HYPE moved per crossing over the past 24 hours
These are pretty interesting numbers for a tool associated with a memecoin
However, the 29,847.51 HYPE figure represents the volume recorded by the dashboard, not necessarily the amount routed directly through Blob Bridge's interface
Beyond that, BlobSwap allows users to trade $BLOB with 0% service fees, while Blobify lets users turn their avatars into Blob characters for free
I like that the team is actually building products instead of relying entirely on marketing
But since most of these tools don't charge direct fees, the token's value still depends heavily on its narrative and holding demand rather than a clearly established revenue model
3. Tokenomics and holder rewards
$BLOB is presented with the following characteristics :
> $BLOB trading tax: 0%
> Reported dev allocation: 0%
> Holder rewards paid in HYPE
> Rewards distributed based on token holdings and holding duration
One interesting feature of ElysPump is that creators can configure separate buy and sell taxes ranging from 0% to 10%, with fees allocated between creators, holders, and buybacks
According to the described mechanism, the launchpad retains 30% of the collected tax
However, this shouldn't be directly applied to $BLOB since the token itself is reported to have no trading tax
It's also important to distinguish ElysPump's $ELYSP buyback mechanism from any potential $BLOB buyback, since these are two different tokens
At the moment, there isn't enough publicly available data showing the total HYPE rewards distributed to holders
So while I see this as a positive feature for holder retention, I wouldn't treat it as a meaningful income source without knowing the actual returns
4. How is ElysPump performing?
ElysPump uses a bonding curve model, with liquidity migrating to Uniswap v4 once a token graduates
Through its v2 and v3 updates, the platform introduced custom fees, holder rewards, buybacks, optional sniper fees, and Universal Router integration
New tokens typically launch with a supply of around 1 billion tokens, while the starting market cap is described as roughly equivalent to 30 HYPE
Based on the data I've collected, approximately 337–400 tokens have been launched on ElysPump
However, most of them have failed to maintain meaningful trading volume, and $BLOB is practically the only standout runner
This is a pretty significant issue
When a launchpad has hundreds of tokens but only one manages to attract sustained attention, it suggests the platform is still struggling to produce successful runners consistently
Compared with Boxa, Montra, and Kleos, ElysPump hasn't yet demonstrated a sufficiently diverse memecoin ecosystem capable of keeping traders engaged
The positive side is that $BLOB benefits from having almost no serious competition within its own launchpad
But over the longer term, I'd like to see ElysPump produce more successful tokens rather than depending so heavily on a single project
5. Community Strength and Market Position
One thing I find interesting about $BLOB is how quickly it has become one of the most recognizable memecoins on Elysium
With nearly 2,000 holders, the project has already built a fairly solid community even before the official mainnet launch
Notably, @ElonTrades has also publicly mentioned $BLOB, calling it Elysium's mascot meme and including it among the tokens worth watching ahead of mainnet
Some in the community even believe $BLOB could become one of the first memecoins on Elysium to sustain a market cap above $10M
However, I personally wouldn't put too much weight on KOL attention based solely on a few posts on X
What matters more to me is whether the community can stay active without constantly relying on influencers or new announcements to keep the momentum going
Another thing worth mentioning is that $BLOB isn't just competing within ElysPump anymore. It's also competing for liquidity across the entire Elysium ecosystem
Tokens like $e/acc, $BOXA, and $KLEOS are also attracting plenty of attention. Once mainnet goes live, competition for liquidity could become even stronger
For now, $BLOB has managed to establish its own identity and attract a decent amount of attention from the community
But for me, the real test is whether it can maintain its position after mainnet, when traders have more options and the initial hype starts to fade
6. What could drive $BLOB after mainnet?
Elysium is scheduled to officially launch its mainnet on November 9
This is the nearest major catalyst for the entire ecosystem, including $BLOB
If the launch goes smoothly and attracts additional liquidity from Hyperliquid, memecoins with established communities and trading activity could benefit
For $BLOB, I'll mainly be watching three things :
> Whether daily trading volume can stay around or above $552K
> Whether the holder count continues growing beyond the current ~2K level
> Whether bridge activity remains strong after mainnet instead of peaking right before the event
Another potential catalyst would be stronger public recognition from Kinetiq or influential figures within the ecosystem
Some KOLs have already mentioned $BLOB as one of the more interesting memes ahead of mainnet, but most of that attention is still concentrated within crypto
So far, I haven't seen any major catalysts outside the crypto space
The existing products and marketing efforts are still primarily focused on the Elysium ecosystem
If $BLOB wants to move significantly higher, I think it needs to prove that it can maintain its community and trading activity after the initial mainnet excitement fades
7. My trading plan
With $BLOB currently around $4.7M MC after briefly touching $5M, I'm not interested in chasing the price here
The chart has already moved quite aggressively, and with mainnet approaching, there's a real possibility of a sell-the-news reaction as early buyers start taking profits
I'm watching two potential areas
The first is $3–3.5M MC, representing a correction of approximately 26–36% from $4.72M
If price pulls back into this range, selling volume starts fading, and buyers step back in, I'd consider an entry
The second is $2.5–2.8M MC, which would represent a deeper correction of roughly 41–47%
This area would require more caution. I'd only consider it if the broader structure remains healthy and there are no clear signs of heavy distribution from large wallets
On the other hand, if $BLOB manages to hold the $4–4.5M region and breaks above $5M again with strong volume, I'll reassess rather than blindly waiting for a dip that might never happen
As for upside, $10M MC is a scenario worth watching if mainnet goes well and fresh capital continues flowing into Elysium
From $4.72M to $10M would be approximately 2.12x
Of course, that's a potential scenario, not a guaranteed target
8. Final thoughts
Overall, I think $BLOB is one of the more interesting memecoins to watch on Elysium right now
It has a recognizable narrative, nearly 2K holders, over $550K in daily trading volume, and several products that have already been deployed
The fact that its bridge-related dashboard is recording thousands of daily crossings also suggests the team is trying to build something beyond pure marketing
But there are still some concerns
ElysPump has launched approximately 337–400 tokens without producing many meaningful runners. $BLOB has also rallied significantly ahead of mainnet, while questions surrounding potentially dev-linked wallets remain unresolved
For me, $BLOB is definitely worth keeping on the watchlist, but that doesn't mean it's a good entry at every price
I'd rather wait for a pullback after mainnet, reassess the trading volume and holder structure, and then decide whether the risk/reward makes sense
If $BLOB can maintain its momentum after the mainnet excitement fades, that would tell me much more about its long-term potential than another strong pump before the event
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