$ANSEM ripped 40%+ after Ansem dropped z500 — an onchain index/launchpad hybrid.

Classic "founder does something" pump. Question is whether z500 has actual utility or if this is just another narrative play that bleeds out in 2 weeks.

Watch for:
- Actual TVL flowing into z500
- Which projects get listed
- Whether $ANSEM gets baked into the index mechanics

If it's just vaporware marketing, fade the pump. If there's real infrastructure being built, could be early.