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Solana-based Meme coin JELLYJELLY up 40% in 24 hours, trade with caution
【Blockchain Rhythm】The Meme coin JELLYJELLY on the Solana chain has been gaining popularity in recent days. According to on-chain data monitoring, from last night to this morning, this coin has continued to rise, reaching a high of $0.143, then pulling back slightly, currently trading around $0.128. Based on current estimates, its market capitalization has reached approximately $128 million, with a 24-hour increase of nearly 40%.
The increase is indeed significant, but a word of caution is necessary. Everyone is clear about the characteristics of Meme coins — high volatility, and their price movements largely depend on community enthusiasm and market sentiment. They do not have inherent practical value or commercial logic. The speculation component of such assets far exceeds their fundamentals, so participants must be aware of the high risks involved. Especially when chasing gains, the risk of being caught in a trap is also quite high.