Key takes
- VenMo's co -founder Meme Coin Jellyjelly has increased by more than 1000 %, reaching $ 250 million in total after his debut.
- The token allows early access to the Jellyjelly video sharing app, which is part of the growth trend of projects using Pump.fun.
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Venmo's co-founder IQram Magdon-Ismail and the early VenMo Investor Sam Lessin launched Jelly Jelly Meme Coin, increasing more than 1000 % within a few hours, reaching $ 250 million.
The token was released on Solana's Pump.fun LaunchPad late on Wednesday, and quickly shifted to Raydium after Lessin shared a link to the release of the token in X.
Antoly Yakovenko, a co -founder of Solana Labs, states that Jellyjelly's rising increases by quoting the Lessin launch post and said, “The biggest talent of our generation is no longer working on advertising.” I did it.
At the time of press, the tokens were 45 % from the peak, and the market capitalization reached $ 140 million.
Founder has confirmed that Jellyjelly can access Jellyjelly video sharing apps early, but the details of specific implementations remain under development.
This app, currently available in the Apple App Store, allows users to record and share video call clips. It has AI functions for automatic captions, titles, and social media content generation.
This app is working with functions such as Tiktok style feeds and tools for creating clips, but users report on video playback issues.
Magdon Ismile said he did not currently own a jellyge token, but was interested in purchasing. Deployer Wallet has acquired 1.8 % of the total supply and spurred Lessin's potential involvement.
Release will continue to provide recent PUMP.FUN, including Vine's co -founder RUS YUSUPOV's Vine Coin (Vine), which has reached a market capitalization of $ 500 million.
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