JellyJelly 14M
After yesterday’s events I became very bullish on JellyJelly. 7 new addresses funded by Binance bought 9% of supply for 10183 solana.
While it’s impossible to tell if this is a single entity, a whale, the founders or even Binance buying ahead of a spot listing, there’s something happening. All these buys came yesterday without any news or announcements. They are still holding.
For those who don’t know what jellyjelly is here is a refresher:
It’s token of a new application by the founder of Venmo, which was sold to Braintree for $26 million in 2012, and was later acquired by PayPal.
The team has been building nonstop after 1.5+ months of price bleeding. They do weekly town halls (twitter spaces) sharing updates and progress on development. They are integrating the token for in-app transactions (the founder already sold some clothes using it 💀). The app is fully functional, and it’s a variation of TikTok with a dual-camera reaction feature.
It was recently listed on Binance Alpha, which is a pre-listing pool mainly for futures listings, not spot.
They have a dedicated marketing person reaching out to KOLs (Key Opinion Leaders), running competitions with prizes, and building a community. I think something is brewing.
https://dexscreener.com/solana/3bc2e2rxcfvf9op22lvbansvwos2t98q6ercroayqydq