JELLYJELLY, a new meme coin launched by Venmo co-founder Iqram Magdon-Ismail and early Venmo investor Sam Lessin, saw an incredible 1000% surge shortly after its debut. The token quickly hit a $250 million market cap before cooling off to around $140 million.
What’s JELLYJELLY All About?
JELLYJELLY isn’t just another meme coin—it’s tied to the upcoming JellyJelly video-sharing app. This app, already available on the Apple App Store, lets users record and share video call clips with AI-powered captions and social media tools.
The token launched on Solana’s Pump.fun platform late Wednesday and then moved to Raydium after Lessin announced it on X (formerly Twitter). Solana Labs co-founder Anatoly Yakovenko even chimed in, joking that top tech talent is finally moving beyond advertising.
Who’s Holding the Coins?
Magdon-Ismail says he doesn’t own any JELLYJELLY tokens yet but is considering buying some. Meanwhile, the deployer wallet (often linked to insiders) holds 1.8% of the total supply, sparking speculation about Lessin’s involvement.
The Bigger Picture
JELLYJELLY follows the trend of product-backed meme coins launched on Pump.fun. Other examples include Vine co-founder Rus Yusupov’s VINE coin, which hit a $500 million market cap.
While the JellyJelly app is live and offers TikTok-style features, some users have reported playback issues. The team is still working out the details of how the token will integrate with the platform.
Whether JELLYJELLY is the next big thing or just a short-lived hype, it’s clear that meme coins tied to real products are gaining momentum.
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