JELLYJELLY Token Launches on Solana with $230 Million Market Valuation
The Solana ecosystem has introduced a new token, Jelly-my-jelly (JELLYJELLY), which launched on Pump.Fun. Initially valued at $230 million, the token is now undergoing consolidation amid speculation about its sustainability.
Key Points
- JELLYJELLY was founded by Iqram Magdon-Ismail and Sam Lessin.
- The token's value has dropped 24.22% in the last 24 hours, currently trading at $0.0682.
- Holders will gain early access to a video chat app, designed as a rival to TikTok, featuring AI-based functionalities.
- The co-founders reportedly missed initial purchases but may hold about 1.8% of the total supply, boosting confidence in the project.
- Pump.Fun, the launchpad for JELLYJELLY, is facing a Class Action lawsuit over securities violations, potentially impacting future launches.