MGoatW

Jack makes a very good point with Elysium. My thoughts below. The ENTIRE timeline thinks Elysium died day one, volume is shit, and it'll be a failed chain. Potentially, but feel it'll be more the case lot of test net buyers are capitulating the bottom before we start to move. Elysium is the first L2 on Hyperliquid built by the @Kinetiq_xyz team. Essentially, a route to onboard users to the ecosystem. Ask yourself this, have you seen @fomo or @Pumpfun push a new chain as heavy, and why would they?. The two biggest retail apps in this space going balls deep supporting it. They do shit tons of vol already, what makes this special, and why would they pay double rewards for people just trading tokens on it? Both of their infrastructures rely heavily on Hyperliquid, mainly for their perps. When you open a leveraged trade on either, it is not fomo liquidity you're trading, its Hyperliquid. They just facilitate the trade, and take their fee. Both won't be taking a punt on some random new chain. They’re already plugged into Hyperliquid and already earning from it. Elysium is the next step. First perps, now spot and new coin launches too. The two biggest retail trading apps in crypto are going deeper into one ecosystem, and that’s not an accident. Why hasn't it automatically sent?. Traders are not stupid. There was an unprecedented amount of users on testnet by the end of it, with coins sending far higher than anything ever did on Arc. Vol slowed at launch, a lot sold of and capitulation has continued through mainnet. This doesn't mean the chain is dead, there is market wide onchain capitulation and low vol, not just Elysium. A lot of the big fomo guys will be buying, believe the market just needs to breathe first. A lot of the biggest traders on there have a vested interest in fomo doing well, and reap the rewards so when fomo backs a new chain, they buy the coins with size. We’ve seen it over and over again, just nothing to this extent imo. Personally, I'm not gambling on utility nanocaps at this stage, I'm establishing positions in some of the plays I see being the main coins onchain, the ones I see being adopted by the masses, and will rotate profits into utility plays. 1. $BLOB - The OG meme and mascot, some of the best content I've seen, insane community, 85% down from the highs. Realistically, the leading meme won't sit at 1.5M, we saw what Cashcat done on Robinhood. 2. $MONTRA - Absolutely dominated testnet volume, and that is already translating to mainnet volume. If Elysium plays out like I believe it will, don't see why this wouldn't go on a PONS like run. 3. $BOXA - Another launchpad, I know. Was in from 40K on testnet day one, established a good floor with solid holders, and was the number 1 launchpad on testnet till MONTRA. Lot of solid holders, would like to see more runners deploy through them, and them publicly get behind some of their plays. 4. $E/ACC (OG ONE) - This is by far one of the strongest communities on Elysium. E/ACC was one of the first coins deployed onchain, and the chain slogan. The original dev left, there is no owner, no team, and the community took it over. The first CTO onchain, on a testnet enviornment which nearly never happens. 1% tax on all fees, which automatically route into buying back and burning e/acc which anyone can call on the contract. Already had 5K hype volume day one, adding a healthy amount to the floor. Don't see it staying 200k with a bundled vamp with over 50% of the supply in team wallets sitting at 4M, the R/R is insane. Still got smaller bags of shit I picked up in testnet that I've not moved onto fomo, still holding but not adding to. The idea of week one is to identify which ones are establishing, and bid with size even if that means top blasting the absolute lows. All of the chain success imo is dependent on @Enter_Elysium. I would like to think they are more tapped into the market than Arc team was, and know the space a bit better than to just crime a few of their own coins up in test net and let everything else bleed. They're going to really need to get behind the projects the community are driving forward, not the ones they have a vested interest in what they see doing well, else the dominos will start the fall. They need to help create and establish an enviorment where users are winning, and users are euphoric to attract builders and liquidity onto the chain. That only happens with the community winning. Just my 2c. Everyone thinks its a dessert, a dried up failed chain with no activity. I think it's going to be the opposite.