ChainCatcher report: According to GMGN monitoring, the market cap of the Solana ecosystem meme coin Jellybean rose from under $50,000 to over $5 million within the past three hours. The current market cap is approximately $4 million, with a 5,500% increase over the past 24 hours and a trading volume of $3.4 million during the same period. ChainCatcher reminds users that meme coins exhibit extreme price volatility, are largely driven by market sentiment and speculative hype, and lack real value or utility—investors should exercise caution and be aware of the risks.
Meme Coin Jellybean Surges 5,500% in 24 Hours, Market Cap Reaches $4M
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Summary
Market sentiment has propelled the Solana-based meme coin Jellybean to a 5,500% surge in 24 hours, bringing its market cap to $4 million. The coin’s value rose from under $50,000 to over $5 million in just three hours, with $3.4 million in trading volume. ChainCatcher notes that meme coins are heavily influenced by the Fear & Greed Index and lack real-world use cases. Investors are urged to proceed with caution due to extreme volatility.
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