What Is JELLYJELLY? The New Jelly-My-Jelly Token Explained

Jelly-My-Jelly (JELLYJELLY) is the latest meme coin that’s creating a buzz in the crypto community today. The JELLYJELLY token was launched by Venmo co-founder Sam Lessin via Pump.fun. 

According to GeckoTerminal, it’s the number one trending Pump.fun token on decentralized exchanges, with a trading volume of over $710million. The largest trades of JELLEJELLY are happening on Solana DEX Raydium and Meteora, but centralized exchange MEXC and Gate.io have also listed it.

Who is Sam Lessin and why did he create JELLYJELLY?

Sam Lessin is a popular technology entrepreneur and venture capitalist. He co-founded Drop.io, a file-sharing platform that was acquired by Facebook in 2010. Following the acquisition, he served as Facebook’s Vice President of Product Management from 2010 to 2014, overseeing key areas such as user identity and product development.

After his tenure at Facebook, Lessin co-founded Fin.com, where he currently serves as co-CEO. He is also a General Partner at Slow Ventures, a venture capital firm that has invested in companies like Venmo and MasterClass.

So, why did Lessin launch Jelly-My-Jelly? There’s no stated reason. Perhaps, Lessin just wanted to get in on the massive meme coin hype that was created by President Trump last week. According to Lessin’s social media, he thinks ‘Jelly is better than Jam’ – and that could very well be why he launched the meme coin.

Market performance

During the time of writing on January 30, 2025, JELLYJELLY is trading at approximately $0.15, up over 70,000% since Lessin launched the token less than 24 hours ago.

Shortly after its launch, JELLYJELLY’s market capitalization surged to $150 million within an hour. This rapid growth enabled an early investor to turn a $1,000 investment into $1 million in the same timeframe.

Key metrics

• Circulating supply: 999,999,099 JELLYJELLY tokens
• Total supply: 999,999,099 JELLYJELLY tokens

What’s next for Jelly-My-Jelly? Well, that’s out for debate. It could potentially crash when the speculation fades, like most meme coins. However, given its popularity, it can be listed by major CEXs like Binance, which would further drive its price.

Regardless, investors should exercise caution due to the token’s high volatility and the speculative nature of meme coins. Before investing, it’s essential to conduct thorough research and understand the risks involved.