JELLYJELLY violently pumped 224%! The Solana ecosystem Meme coin is going crazy again, is it an opportunity or a trap?

A price frenzy surrounding JELLYJELLY is unfolding on the Solana Blockchain, where huge profits coexist with market manipulation controversies. What secrets are hidden in this “jelly”?

In the ongoing volatility of the cryptocurrency market, a meme coin named JELLYJELLY has stood out in the Solana ecosystem, experiencing an astonishing one-day surge of 224% on November 3.

(Source: TradingView)

Its price skyrocketed from $0.049 to $0.187, pushing the market cap to over $188 million and triggering $13 million in short liquidations.

This sudden surge has once again sparked market attention and controversy surrounding Meme coins, leaving investors questioning: What exactly is JELLYJELLY? What is the driving force behind its surge? How long can this frenzy last?

01 Project Introduction: From Video Sharing to Meme Coin Phenomenon

JELLYJELLY is not an anonymous project that appeared out of nowhere; it has a clear practical foundation and backing from its founding team.

This project was originally launched as part of the JellyJelly Web3 social media ecosystem, developed with the involvement of Venmo co-founder Iqram Magdon-Ismail.

The project aims to become the fastest way to share video chat clips, leveraging the technological advantages of the Solana Blockchain to provide users with a decentralized content sharing experience.

From a technical architecture perspective, JELLYJELLY is built on the Solana Blockchain, benefiting from the network's high throughput and low transaction fee characteristics. It adopts the Proof of Stake (PoS) consensus mechanism to ensure the security and energy efficiency of the network.

In terms of token economics, JELLYJELLY has a fixed token supply, with the latest data showing that its circulating supply and total supply are both 999,999,099.34 JELLYJELLY tokens, with no inflation or deflation mechanism.

Core features include:

• Fast Video Sharing: Focused on the instant sharing feature of video chat clips.
• Social Integration: Combining blockchain technology with social media use cases
• User Autonomy: Empowering users with greater control through a decentralized architecture.
• Transaction Efficiency: Achieve fast and low-cost transactions using Solana's high performance.

02 Amazing Surge and Market Performance

The recent price performance of JELLYJELLY is remarkable. In the trading on November 3rd, the token achieved an astonishing increase of 224%, with the price rapidly rising from $0.049 to $0.187, creating strong market attention.

This surge in the market has simultaneously driven a significant increase in market capitalization and trading volume.

According to data, the market capitalization of JELLYJELLY has exceeded $188 million, while its 24-hour trading volume has reached an astonishing level of $220 million, indicating extremely high market activity.

At the same time, this surge has caused significant turbulence in the derivatives market. Due to the rapid price increase, the perpetual contract market experienced short liquidations of up to $13 million, further accelerating the upward momentum of the price.

historical price fluctuations

The price of JELLYJELLY has historically exhibited extremely high volatility:

• All-time high: $0.2451 (January 30, 2025)
• All-time low: $0.003674 (March 10, 2025)
• Recent Performance: Starting from the low point of $0.1178 at the end of October, it has been rising.

It is worth noting that this surge is not the first time JELLYJELLY has experienced extreme price volatility. As early as March 2025, the token had a single-day surge of 500% on the Hyperliquid exchange, followed by a rapid collapse, ultimately leading the exchange to decide to delist JELLYJELLY.

Table: JELLYJELLY Key Price Indicators and Market Data

Market Manipulation History

The price history of JELLYJELLY is not entirely determined by market supply and demand, as it also shows obvious signs of manipulation.

According to historical data, in March 2025, a trader deposited approximately $7 million into three separate Hyperliquid accounts and artificially drove the price of JELLYJELLY up by 400% through complex leveraged trading operations, ultimately leading to potential losses of up to $12 million for Hyperliquid's liquidity provider treasury (HLP).

The event ultimately ended with Hyperliquid forcibly delisting JELLYJELLY and resetting its price, but it also fully exposed the vulnerability of low liquidity Meme coins in the face of market manipulation.

03 The Deep Reasons Behind the Surge

Market Manipulation and Whale Activity

The primary reason for the recent surge of JELLYJELLY seems to be the result of manipulation by large holders. Based on historical patterns and current trading conditions, it is likely that one or more well-funded traders coordinated their actions to artificially create buying pressure, triggering a chain reaction of short liquidations.

Blockchain analysis shows that at the peak of the attack, the unrealized losses of the HLP treasury once reached as high as $12 million, highlighting the significant impact of whale operations on such low liquidity tokens.

The basic logic of this operation method usually includes:

• Establishing Long Positions: Accumulate a large number of tokens at low prices
• Coordinated Buying: Synchronizing purchases through multiple accounts to create a false sense of demand.
• Trigger Liquidation: Utilize price increases to trigger short stop-losses, forming a positive feedback loop.
• High-Position Sell-Off: Selling holdings for profit when liquidity is sufficient

Meme coin attributes and community frenzy

Like many other Meme coins, JELLYJELLY also benefits from community-driven fervor. The value of such tokens often does not rely entirely on their actual utility or fundamentals, but is more supported by community narratives and market sentiment.

JELLYJELLY cleverly combines Meme culture with practical functionality, allowing holders to access features of its video sharing application. This combination provides a certain fundamental support for the project, unlike Meme coins that rely entirely on hype.

The high engagement of social media and the crypto community has further driven the growth in token demand, and this community enthusiasm often creates a self-reinforcing price cycle.

Solana ecosystem and development progress

JELLYJELLY also benefits from the development of the Solana ecosystem it is part of. The Solana blockchain has become an important incubation platform for Meme coins and various innovative projects in recent years, with its low transaction fees and high processing speed particularly suitable for high-frequency trading and community experiments.

From the perspective of project development, JELLYJELLY is continuously expanding its ecosystem. The development team and the community have been steadily increasing the number of applications supporting JELLYJELLY. More application features mean an increase in demand for the token, further strengthening its utility.

Market Sentiment and Industry Cycle

The overall sentiment in the cryptocurrency market has also provided a favorable environment for the surge of JELLYJELLY. As mainstream cryptocurrencies like Bitcoin and Ethereum rebound from bear market lows, market risk appetite has clearly improved, and investors are starting to refocus on high-risk, high-reward asset classes.

In such a market environment, Meme coins often exhibit higher price elasticity and stronger rebound strength, attracting speculative funds seeking quick profits.

04 Future Trend Prediction and Risk Analysis

Short-term technical analysis

From a technical analysis perspective, JELLYJELLY may face short-term retracement pressure after the surge. The key support and resistance levels are as follows:

• immediate support levels: $0.15, $0.12
• Key Resistance Levels: $0.187 (recent high), $0.245 (historical high)
• Strength and Weakness Divide: $0.10 psychological barrier

The change in trading volume will be a key indicator for judging future price trends. If trading volume continues to expand at high price levels, it may indicate increased profit-taking pressure; conversely, if trading volume shrinks during a price pullback, it may suggest limited selling pressure.

medium to long-term development potential

There are significant differences in market views regarding the medium to long-term prospects of JELLYJELLY. Some analysts have given relatively optimistic predictions:

• 2025-2026: Potential price range 0.18-0.22 USD
• 2026-2027: May reach 0.25-0.35 USD
• 2028-2030: If adoption increases and applications gain significant user attention, the token value may steadily rise to $0.40-$0.55.

The realization of these predictions largely depends on the development of JELLYJELLY's actual applications and the speed of user base expansion.

Table: JELLYJELLY Price Prediction Summary

Main Risks and Challenges

Investing in JELLYJELLY also faces various risks, mainly including:

1. Market Manipulation Risk: As mentioned earlier, the price of JELLYJELLY is highly susceptible to manipulation by large holders, and ordinary investors may become the victims of these operations.
2. Liquidity Risk: Despite the recent surge in trading volume, the liquidity of JELLYJELLY remains relatively concentrated, which may face the risk of rapid depletion of liquidity when market sentiment changes.
3. Regulatory Uncertainty: The global regulatory environment for Meme coins and cryptocurrencies remains unclear, and any tightening of regulations could severely impact these types of assets.
4. Competitive Pressure: New Meme coins and token projects are constantly emerging within the Solana ecosystem, increasing the pressure on user attention and capital inflow.
5. Technical Risks: Although based on the Solana blockchain, the JELLYJELLY platform itself may have undiscovered technical vulnerabilities or security risks.

05 Investment Strategies and Operational Recommendations

Strategies for Different Investors

Based on the high-risk characteristics of JELLYJELLY, investors with different risk preferences should consider adopting differentiated strategies:

• Conservative Investors: It is recommended to avoid direct investment in JELLYJELLY, or to participate only with a very small position (not exceeding 1-2% of the portfolio), treating it as a lottery-style investment with the assumption of a total loss.
• Aggressive Investors: Consider adopting a trend-following strategy, setting strict stop-loss levels (e.g., -30%), following up when prices break through key resistance levels, and exiting when they fall below important moving averages.
• Arbitrage Traders: You can pay attention to the price difference opportunities of JELLYJELLY between different exchanges, especially the price differences between decentralized exchanges and centralized exchanges, but be aware of the technical risks of cross-chain trading.

Risk Control Key Points

Regardless of the investment strategy, the following risk control principles should be adhered to when trading JELLYJELLY:

1. Position Control: The risk exposure of a single token should not exceed 5% of the total investment portfolio. For high-risk assets like JELLYJELLY, it is recommended to further reduce this ratio.
2. Stop Loss Strategy: Clearly set the stop loss point before entering the market and strictly adhere to it, avoiding adjustments or cancellations due to emotional factors.
3. Profit Protection: When the price reaches key resistance levels or achieves preset profit targets, take profits in batches to lock in some gains.
4. Continuous Monitoring: Closely monitor project developments, community activity, and changes in trading volume, adjusting investment arguments in a timely manner.

Long-term Value Assessment

For investors considering holding JELLYJELLY for the long term, it is essential to continuously evaluate the following key value drivers:

• User Growth: The actual number of users and the growth of activity on the JellyJelly platform.
• Ecosystem Expansion: Progress of the project in functionality development, partnerships, and integration opportunities.
• Community Vitality: Social media discussion intensity, quality of community participation, and developer interest
• Market Position: Competitive position in the Solana ecosystem and the broader Meme coin space.

If the project shows signs of sustained progress in these areas, it may support its long-term value proposition; conversely, the investment logic should be reassessed.

Future Outlook

The crazy trend of JELLYJELLY reveals the eternal contradiction of the cryptocurrency market—where technological innovation coexists with speculative hype. Supported by the technology of the Solana Blockchain and overshadowed by market manipulation, the fate of this “jelly” is as unstable as its price.

For investors, understanding the underlying game mechanics is more important than chasing price fluctuations— in the world of Meme coins, the boundaries of cognition often determine the boundaries of profit.

“In DeFi, momentum can drive short-term attention, but it cannot establish a sustainable platform.” Blockchain analyst Alvin Kan pointed out incisively when commenting on the early surge of JELLYJELLY.