elysion memecoin: $ELYSION Tops Solana Gainers at +3.6K%, Down 61% From Peak

The elysion memecoin is Monday's loudest Solana chart, and it has nothing official behind it. Elysion ($ELYSION) opened a pool on November 8 and was the top gainer on sasa's Solana list at the 06:02 UTC check on November 9, up about 3.6K% in 24 hours on $3.78M of volume. The catch is the name: Kinetiq's Elysium network is scheduled to go live today, and a calendar of this week's crypto events says plainly that it has no new token.

What actually happened

According to sasa's Solana archive for November 9, 972 new meme coin pools had opened on the chain by 06:02 UTC. Out of the crowd, $ELYSION ranked first among gainers that traded at least $10,000, ahead of Pussycoin and NVIDIH. Sasa's token page says the pool opened on November 8, and the price history shows a very different day one than day two: a close of $0.00407 on November 8 on a roughly $4.06M cap, then a close of $0.00192 on November 9 at about $1.91M, with a day range between $0.00169 and $0.00457.

That is why the huge percentage and the weak chart can both be true. A coin that launches near the bottom of its range can print four-digit gains and still lose most of its value from the top. The page's own numbers say the cap peaked near $5.05M and was at $1.99M when we looked, with the token check showing no buy or sell tax and no mint authority.

Why the name is a trap

The Kinetiq connection is the part to read twice. We covered the build in kinetiq elysium mainnet. Crypto Lunar's weekly calendar lists the Elysium mainnet, Kinetiq's Layer 2 for Hyperliquid with 100 ms blocks and HYPE as the gas token, as the top event on Monday, November 9, with the time not announced. It adds that there is no new token, so any "Elysium airdrop" or claim link is fake.

We found no evidence that the elysion memecoin is connected to Kinetiq, and nothing on sasa's page suggests it. That is the point. A name that rhymes with a real launch makes a perfect lure for people searching for Elysium news, and sasa's list of similar Solana coins already shows other lookalikes, such as an "ELYS.RUN" and an "Elysion Pad" token, each with its own contract.

The numbers behind the chart

Buys outnumbered sells by about 1.7 to 1 across the 164,813 trades, which usually means momentum, but momentum is a short-term feature. Liquidity of about $116.8K against a $1.99M cap is thin, so one large sell can move the price sharply. Sasa notes that the coin has made its daily top-gainers list twice.

Compare it with the other chart we are watching. The chinese x memecoin wave on BNB Chain is a story driven by a celebrity post; this one is driven by a name that echoes a real project. Different triggers, same mechanics: thin pools, copycats and fast reversals. For an earlier Solana example of the same arc, see herewego memecoin.

What would change the picture

Watching the elysion memecoin from here is mostly about liquidity. Three signals matter over the next day. First, whether liquidity grows as the price falls or stays flat. Second, whether buys keep outpacing sells now that the coin has dropped off the day-one spotlight. Third, whether Kinetiq or Elysium's official accounts say anything about the token, since silence from them is the baseline and a denial is already implied by the "no token" note.

If the coin keeps bleeding toward the $1M zone with flat liquidity, it is following the standard day-two decay. If liquidity expands and sells stay muted, it could settle into a longer-lived chart, but nothing in the available data says that yet.

What to do as a reader

Verify the contract before touching anything. The sasa page lists the address as starting with "AWaB" and ending in "pump"; check it against the sasa token page and ignore any link that promises an Elysium airdrop. Official Kinetiq announcements are the only place to confirm what Elysium actually launches.

Size any position as if it can go to zero, because a coin that has lost most of its peak value can keep falling. Nothing here is investment advice, and no one can promise that this elysion memecoin keeps any of its gains.