TL;DR

• The token at address 26FNE9odYnuZZAg65hMZKf3myRZpMKT1Vwsz5Rdspump on Solana is referred to as “Kion,” sometimes “Kion Nara.”
• There are two competing narratives: (1) KION as the governance token for Fisport Protocol, and (2) Kion as a community/meme token likely created via Pump.fun. Treat this as an unresolved naming collision until verified.
• Public market data is thin: no verified circulating supply, no confirmed tokenomics, and limited documentation.
• If you trade it, expect high risk and volatility. Check real-time liquidity and holders before acting.

What is Kion?

Kion on Solana is associated with the token address 26FNE9odYnuZZAg65hMZKf3myRZpMKT1Vwsz5Rdspump and can be viewed on Solscan. In available sources, it appears under two different stories:

• Fisport Protocol angle: KION is described as the governance token for Fisport, a fan token DEX/betting concept that touts an “AMM 2.0” design to improve fees, protect against front-running, and reduce impermanent loss.
• Meme/Pump.fun angle: Kion (aka “Kion Nara”) looks like a community-driven token with limited documentation, likely launched via Pump.fun, a platform that makes it easy to spin up meme coins on Solana.

Because both references exist and the documentation is sparse, you should verify which (if either) storyline is actually tied to the specific Solana token you’re viewing.

On-chain and market status

• Explorer: Track the token on Solscan to review holders, recent transactions, and token metadata.
• Listings and data: Some pages (e.g., aggregator views) show activity, but third-party data like circulating supply and market cap are not verified. One listing associated with Fisport shows self-reported zero circulating supply and price.
• Tokenomics: No confirmed total supply or distribution breakdown is publicly available. That opacity is a major risk factor.

The Fisport “AMM 2.0” claims (if applicable)

If KION is indeed the governance token of Fisport Protocol, the project highlights:

• Gas fee improvements: Drawing on concepts popularized by ERC-1155 (multi-token efficiencies), even though this token lives on Solana.
• Virtual Liquidity Pool (VLP): Aims to remove the need for an initial liquidity pool.
• Front-running protection: Design goals to mitigate MEV-style bot exploits.
• Impermanent loss mitigation: Targets better outcomes for LPs compared to typical AMMs.
• Bookmaker-oriented model: Aims to create a more sustainable, non-ponzinomic betting marketplace.

Important: These are project claims. Make sure the specific Kion token at the address above is actually connected to a live Fisport implementation before relying on any of this.

The meme/Pump.fun angle (what that implies)

If Kion is primarily a meme/community token:

• Expect high volatility and hype-driven cycles.
• Documentation may be minimal or absent.
• Tokenomics (supply, allocations, locks) may be unclear.
• Social activity (e.g., X posts) can drive big swings; always confirm real liquidity and holder distribution on-chain.

Where to monitor and trade

Before you trade, double-check liquidity, slippage, and contract details in real time.

• GMGN.AI: Track and trade Kion with real-time analytics, smart money flows, and risk checks via GMGN.AI’s token page: https://gmgn.ai/sol/token/fV1R5sZ5_26FNE9odYnuZZAg65hMZKf3myRZpMKT1Vwsz5Rdspump
• Bitget Web3: Some activity appears via Bitget’s Web3 swap interface for the token address.
• Solana DEXs: Liquidity for small-cap tokens, if present, often resides on Solana DEXs like Raydium or Orca. Confirm actual pools and depth before placing orders.

Note: As of now, there’s no evidence of listings on major centralized exchanges like Binance or Coinbase.

Risks you should weigh

• Identity ambiguity: The same symbol/name may refer to different things (Fisport governance token vs. a meme coin). Verify contract provenance.
• Missing tokenomics: Unknown supply and allocations can lead to sudden supply shocks or whale-driven moves.
• Liquidity traps: Thin liquidity means high slippage and difficulty exiting positions.
• Hype cycles: Meme tokens are frequently pump-and-dump targets.
• Execution risk: If tied to a protocol promise (e.g., Fisport), ensure there’s real product delivery beyond a whitepaper pitch.

How to DYOR (step-by-step)

• Confirm the address: Always verify you’re interacting with 26FNE9odYnuZZAg65hMZKf3myRZpMKT1Vwsz5Rdspump on Solscan.
• Check holders and distribution: Look for wallet concentration that may imply whale or team dominance.
• Verify liquidity: Inspect pool depth, recent volume, and whether liquidity is locked.
• Look for official channels: Search for an official website, GitHub, X/Telegram/Discord, and a verifiable team presence.
• Cross-check narratives: If a page claims Fisport governance, see whether Fisport’s official channels link back to this exact Solana address.
• Start small: If you decide to trade, test with a tiny amount first to gauge slippage and transaction behavior.

Key links

• Solscan (token explorer): https://solscan.io/token/26FNE9odYnuZZAg65hMZKf3myRZpMKT1Vwsz5Rdspump
• Bitget Web3 (token page): https://web3.bitget.com/en/swap/sol/26FNE9odYnuZZAg65hMZKf3myRZpMKT1Vwsz5Rdspump
• GMGN.AI (charts/trading/analytics): https://gmgn.ai/sol/token/fV1R5sZ5_26FNE9odYnuZZAg65hMZKf3myRZpMKT1Vwsz5Rdspump
• Pump.fun (platform overview): https://www.pump.fun/
• Fisport overview (for comparison): https://coinmarketcap.com/currencies/fisport-protocol/

Bottom line

Kion on Solana carries conflicting narratives and limited verified data. Whether it’s a governance token tied to a betting DEX vision or simply a meme coin, the on-chain address above is what matters. Verify everything from first principles (address, liquidity, holders, and official links) and treat it as high risk unless the development story and tokenomics are clearly established.