Elys Network (ELYS)

🚨 Follow-up dive into $ELYS deployer — the serial @virtuals_io launcher.

Deployer: 0x9a46a440a01f08704476552fee50b029846b0bcb

On-chain history via @nansen_ai shows ~13 tokens launched on Virtuals by this wallet since Feb 26 (plus ~12 more elsewhere) that should’ve been a major red flag before any TL amplification.

Sad and silly thing is — 12 of the 13 Virtuals launches never went anywhere before $ELYS finally got hyped.

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Tokens deployed on Virtuals

• FERN — Fern by Virtuals
• WA — WA by Virtuals
• HAPPYNICE (HP) — HappyNice
• HK — Haiku
• FOUNDRY — Foundry
• ARCHITECT — The Architect
• SPECT — Specter
• ESJIBIT — esjibit
• CLAWBEACON — ClawBeacon
• FREYSA — Freysa AI
• DECTYCLAW — DectyClaw
• ELYS v2 — Elysionyx v2
• ELYS — Elysionyx (only token with meaningful trading data)

Success rate: 1 / 13 tokens (~7.7%)

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$ELYS Rug Recap

After a long streak of failed launches, the first token that gained traction collapsed ~98%.

Meanwhile the largest winning wallet — linked via the deployer funding network rugged the chart and extracted ~$11.8K.

Hard to know the true gains across the entire token factory, but $ELYS alone caused serious damage for traders.

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Aggregate Impact $ELYS

• Peak market cap: ~$815K
• Total volume: ~$986K
• Unique traders: at least 80 wallets

Profits extracted

• 41 wallets > $1K profit
• Total profits: ~$120K+
• Largest winner: +$11.8K (dev-connected wallet)

Losses caused

• 40+ wallets lost money
• ~$107.5K documented losses
• Largest loss: ~$12K
• ~98% price collapse

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Note that I’m not fading $VIRTUAL, but posting in the hope this pushes @virtuals_io to move away from the PumpFun-style launches if the goal is to build a real agentic eco rather than pure hyper-gambling (still need runners tho 😬).

Because aside from $ROBO, this might honestly be peak hyper gambling on Virtuals since szn 1.

Follow @chyan for more on-chain breakdowns via @nansen_ai.

🚨 $ELYS crime — supplemental analysis

Here’s a look at how much damage the @virtuals_io $ELYS feature tweet may have caused, based on tracked wallets via @nansen_ai.

Virtuals has since deleted the tweet, but this rough analysis focuses on tracked traders who bought after ~2pm UTC (around when the tweet went out).

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📊 Late buyer impact (after 14:00 UTC Mar 7 → crash)

• 125+ buy transactions
• 60+ wallets entered
• ~$120K total bought

Outcome:

• ~35+ wallets lost money
• ~$75K estimated losses
• 10+ wallets still holding bags

Price eventually went from ~$0.0008 → ~$0.000008 (-99%)

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⚠️ The fatal window

05:00–06:34 UTC Mar 8

• 40+ buys
• ~$65K deployed near the top

Almost all of it became EL before the collapse.

Some of the largest losses:

• $6.6K buy → ~$6.2K loss
• $7.4K bot buys → ~$6.8K loss
• $5.3K vault buys → ~$6.3K loss

Even smart traders and trading bots got caught.

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📌 TLDR

• 41 wallets made >$1K profit
• Top winner: dev-connected wallet +$11.9K

Meanwhile dozens of later buyers — many likely reacting to the Virtuals signal got whacked.

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This is exactly why Virtuals needs to tighten its act — starting with proper checks on deployers launching multiple tokens.

Serial deployers running repeated launches should be a major red flag before projects ever get platform attention — and one could argue $ELYS shouldn’t even have gotten on the launch board in the first place. Permissionless shouldn’t = scamdalous.

If that doesn’t change, $ELYS may not be the last rug to damage an already fragile community.

Still — DYOR is mandatory.

Follow @chyan for daily onchain reads via @nansen_ai 📶🧠