JELLYJELLY Meme Coin Reaches $500 Million Market Cap Amidst Crypto Market Crash!

Jakarta, Pintu News – In the midst of a significant crypto market crash, a Solana (SOL)-based meme coin called Jelly-My-Jelly (JELLYJELLY) managed to record a spectacular price increase.

On November 4, when Bitcoin (BTC) fell below $100,000 and Ethereum (ETH) dropped to $3,000, JELLYJELLY reached a new price peak. This rise caught the attention of many and sparked speculation about market manipulation.

JELLYJELLY Price Spike: A Surprise in the Market

On the same day that the crypto market experienced a sharp decline, JELLYJELLY recorded a record high price of $0.5 per token. This increase lifted the token’s market capitalization to $500 million.

This phenomenon shows that not all cryptocurrencies follow broader market trends, and some, like JELLYJELLY, can even go against the grain with impressive performance.

This drastic rise raises questions about its sustainability and the factors driving the price spike. Analysis from blockchain analytics platform Bubblemaps shows suspicious activity from some previously dormant wallets.

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Possible Market Manipulation: Spotlight on JELLYJELLY

Bubblemaps noted that seven wallets, which previously had no activity, withdrew 20% of JELLYJELLY’s supply from Gate.io and Bitget in the last four days. This raises suspicions about market manipulation, as such massive withdrawals could limit liquidity on centralized exchanges, making it easier to push prices up.

This kind of manipulation can create a false perception of market momentum, which in turn attracts more buyers. A similar incident had occurred in March 2025, when JELLYJELLY was involved in an incident on the decentralized exchange HyperLiquid. This suggests a possible pattern in the trading activity of this token.

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Implications and Future of JELLYJELLY

While the rising price of JELLYJELLY may be attractive to investors and speculators, it is important to consider the risks associated with investing in assets that may be manipulated. Investors should be aware of the potential risks and perform due diligence before engaging in trading in this kind of asset.

On the other hand, this incident also highlights the importance of transparency and oversight in the crypto market. Regulators and trading platforms may need to take further steps to prevent market manipulation and protect investors.

Conclusion

The JELLYJELLY case provides an important lesson about volatility and risk in the crypto market. While some tokens may show exceptional performance, it is important to understand the dynamics behind such price movements. Investors and regulators should work together to create a safer and more transparent environment for all parties.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. JellyJelly Crypto Surge Sparks Manipulation Claims. Accessed on November 6, 2025
• CCN. JellyJelly Price Hits All-Time High Amid Crypto Market Surge. Accessed on November 6, 2025
• Featured Image: Bitget Wallet