You’ll Never Believe What This ‘Memecoin’ Did to Solana’s Ecosystem! 🤯

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The Solana ecosystem is at it again, folks. This time, it’s a token called Jelly-my-jelly (JELLYJELLY). Traders at Pump.Fun are whispering “memecoin,” but the founders are hunched over, insisting it’s something bigger.

The hype shot the token’s market valuation all the way up to $230 million. And oh boy, the JELLYJELLY token is now doing a little dance called consolidation. The community? They’re speculating. Has the bubble burst? Or is it just catching its breath? 😏

JELLYJELLY: Not Your Regular “Memecoin”

So, this thing is the brainchild of Iqram Magdon-Ismail and Venmo co-founder Sam Lessin. Yep, Venmo! Cue the eye-roll, because who takes tokens launched by celebs on social media seriously anymore?

But guess what? The token’s legit! Degens flocked to Raydium like seagulls to a beach picnic. Everyone hoped it’d be the next TRUMP or MELANIA token. Instead, JELLYJELLY is keeping some of its juice during this so-called consolidation phase.

According to Dex Screener, JELLYJELLY is trading at $0.0682, down 24.22% in the last 24 hours. Yikes. But wait, there’s more! More than 72,000 buyers are still clinging to their JELLYJELLY tokens with the promise of early access to a new video chat app. Sounds like a TikTok wannabe, but who am I to judge? 😜

The app, by the way, will let users record video chats, summarize them, and even generate social media-friendly cutouts. AI is involved. You know, because AI makes everything better, right? Sure…

So, people are holding onto their tokens, but come on, let’s be real. It’s too early to say if this thing’s got legs or if it’s just another flash in the pan.

Founder’s Bet On JELLYJELLY

Funny thing, the co-founders reportedly missed out on buying their own tokens at launch. Wow, just wow. According to Decrypt, Magdon-Ismail admitted the rollout was so fast, they couldn’t even make a purchase. Talk about poor planning. 🙄

But don’t worry. They probably still snagged about 1.8% of the total supply through some magic wallet called the Deployer Wallet, holding 109.88 million JELLYJELLY. No direct confirmation, but hey, who needs that when you’ve got trust, right? 😂

And let’s not forget the Solana ecosystem. It’s the hotbed for these high-profile memecoin launches, especially through Pump.Fun. Ah, Pump.Fun. The platform is currently tangled in a Class Action lawsuit filed by Diego Aguilar. Whether this impacts JELLYJELLY’s future or not, eh, who knows? 🤷‍♂️

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2025-02-01 01:13