A Venmo co-founder, Iqram Magdon-Ismail, and early investor have launched a Solana token to support a future video app.

One of the Venmo co-founders, Iqram Magdon-Ismail, and an early investor in the mobile payment app, Sam Lessin, have launched a token on <a href="https://decrypt.co/resources/what-is-pump-fun-the-solana-meme-coin-factory" rel="nofollow">Pump.fun</a> called Jelly-my-jelly (<a href="https://pump.fun/coin/FeR8VBqNRSUD5NtXAj2n3j1dAHkZHfyDktKuLXD4pump" rel="nofollow">JELLYJELLY</a>), which quickly soared to a $250 million market cap. The token is expected to support the pair’s upcoming JellyJelly video sharing app.Despite its origins, the token's rumored utility actually excludes it from the meme coin category. It's the latest in an early trend of projects using Pump.fun to launch tokens that will later tie in to a new product.<a href="https://www.jellyjelly.com/?confirmed_email=true&amp;error=access_denied&amp;error_code=otp_expired&amp;error_description=Email+link+is+invalid+or+has+expired#error=access_denied&amp;error_code=otp_expired&amp;error_description=Email+link+is+invalid+or+has+expired" rel="nofollow">JELLYJELLY</a> debuted on token launchpad Pump.fun late on Wednesday, graduating to Raydium almost instantly after Lessin <a href="https://x.com/lessin/status/1884746415970329006" rel="nofollow">posted the link</a> to his X, formerly known as Twitter, account.Initially there was speculation that Lessin—who was a seed investor in Solana as well as Venmo—had been hacked. But then <a href="https://decrypt.co/resources/what-is-solana-a-scalable-decentralized-network-for-dapps" rel="nofollow">Solana</a> Labs co-founder Anatoly Yakovenko <a href="https://x.com/aeyakovenko/status/1884755548975124892" rel="nofollow">reposted the X post</a>.In response, the token skyrocketed 1,278% from a market cap of $18.38 million to $253 million in just four hours. In the eight hours that followed, JELLYJELLY has since retraced 42% to $145 million, according to <a href="https://dexscreener.com/solana/3bc2e2rxcfvf9op22lvbansvwos2t98q6ercroayqydq" rel="nofollow">DEX Screener</a>.This token, as confirmed by both Magdon-Ismail and Lessin, will grant holders early access to the JellyJelly video chat app—although exact details on how are still being ironed out.“This is all happening faster than we expected,” Magdon-Ismail said on <a href="https://x.com/lessin/status/1884757914809929729" rel="nofollow">X Spaces</a>. “Yeah, we were literally just on a Jelly doing this,” Lessin laughed in response.According to the app’s <a href="https://apps.apple.com/us/app/jellyjelly-video-chats/id6505022038" rel="nofollow">Apple App Store listing</a>, “JellyJelly is the fastest way to share clips from video chats you have with friends and family.”It looks to allow users to record video calls while JellyJelly automatically captions, titles, and summarizes the call. The app will then AI-generate short clips for social media—something many podcasters and livestreamers have to do manually.“What TikTok did to videos, we are doing to podcasts,” Magdon-Ismail explained.Although the founders said that the token will grant early access to the app, it appears you can already download and use it. In its current state, there is a TikTok-style feed allowing you to flick through clips posted by users.It’s worth noting that Decrypt encountered a bug where videos wouldn’t play. The app also features a “People” tab to call other users, a “Create” tab to record your own videos, a “Library” tab which connects to a users’ photo library, as well as a “Profile” tab.Magdon-Ismail claimed in the X Spaces that he does not own any of the tokens, but is looking to purchase some. He claimed the token spiked in value too quickly for him to get supply. That said, the <a href="https://solscan.io/account/4qMhJ42sCexUkXgqEkPt9nsyK93d92QeNGKZNyNYPGUb" rel="nofollow">deployer wallet</a> has currently bought 1.8% of the supply. Lessin has made statements on X Spaces leading investors to believe that he’s the one who controls the wallet.How exactly the token will be integrated into the app is still unclear. Magdon-Ismail explained that the app is looking at ways to monetize posts, possibly through a token tipping feature. The token may also unlock a premium tier of the app.This launch becomes the latest in a line of start-ups launching Pump.fun tokens to build hype and raise funds for products. Previously, this trend felt fairly limited to artificial intelligence projects like <a href="https://decrypt.co/301084/ai-agent-elizaos-robot-body-not-for-sex" rel="nofollow">ElizaOS</a> being pushed forward by the <a href="https://decrypt.co/303244/ai-dao-ai16z-becomes-elizaos-amid-branding-confusion-concerns" rel="nofollow">ai16z</a> (<a href="https://dexscreener.com/solana/8sn9549p3zn6xpqrqpapn57xzkch6sjxlwuejcg2w4ji" rel="nofollow">AI16Z</a>) token, for example.More recently, Vine co-founder <a href="https://x.com/rus?" rel="nofollow">Rus Yusupov</a> launched <a href="https://dexscreener.com/solana/58fzjmbx5patnfjpqwwsqkvfprkptkbb5r2vcw4qq3z9" rel="nofollow">Vine Coin</a> (VINE) which peaked at a $475 million market cap.At first, it was simply a <a href="https://www.theguardian.com/technology/2016/oct/27/vine-twitter-discontinues-service-best-videos" rel="nofollow">nostalgia-driven</a> meme. But, as time has passed, speculation that it may power the relaunch of Vine grew, after Yusupov posted a <a href="https://x.com/rus/status/1884288118909722871" rel="nofollow">waitlist link</a>.Interestingly, according to Lessin, Rushir Parikh co-founder of food brand <a href="https://x.com/eatpopchew" rel="nofollow">Popchew</a> helped launch VINE and is also helping with JELLYJELLY. VINE now sits at a $245 million market cap.Edited by <a href="https://decrypt.co/author/stacy" rel="nofollow">Stacy Elliott</a>.

Venmo Founder's JELLYJELLY Solana Token Surges to $250 Million Market Cap

韦노모 공동 창업자 이크람 마그돈-이스마일과 초기 투자자가 미래 동영상 앱을 지원하기 위해 <솔라나(Solana)> 토큰을 출시했습니다.

이더리움(ETH) 공동 창업자 중 한 명인 Iqram Magdon-Ismail과 모바일 결제 앱 초기 투자자인 Sam Lessin이 <a href="https://decrypt.co/resources/what-is-pump-fun-the-solana-meme-coin-factory">Pump.fun</a>에서 Jelly-my-jelly(JELLYJELLY)라는 토큰을 출시했습니다. 이 토큰은 빠르게 250억 달러의 시가총액을 달성했습니다. 이 토큰은 두 사람의 향후 JellyJelly 동영상 공유 앱을 지원할 것으로 예상됩니다.

이 토큰의 실용성 때문에 밈 코인 범주에서 제외됩니다. 이는 Pump.fun을 사용하여 새로운 제품과 연계될 토큰을 출시하는 초기 추세의 최신 사례입니다.

JELLYJELLY는 수요일 늦은 시간에 토큰 런칭 플랫폼 Pump.fun에서 데뷔했으며, Lessin이 X(구 트위터) 계정에 링크를 게시한 직후 거의 즉시 레이디움으로 졸업했습니다.

토큰은 출시 4시간 만에 시가총액이 1,278% 상승했지만, 이후 8시간 동안 42% 하락했습니다.

이 토큰은 Magdon-Ismail과 Lessin에 의해 JellyJelly 동영상 채팅 앱의 조기 접근권을 부여할 것으로 확인되었습니다.

Venmo 창립자의 JELLYJELLY 솔라나(Solana) 토큰이 시가총액 2억 5천만 달러로 급등

탈중앙화 무기한 거래소인 하이퍼리퀴드(Hyperliquid)의 네이티브 토큰인 HYPE가 목요일에 8.8% 이상의 상당한 하락세를 기록했습니다. 미국 소비자물가지수 (소비자 가격 지수(CPI) 발표와 비트코인 ​​가격이 89달러에서 하락세로 돌아선 것이 원인으로 분석됩니다.

고래 투자자들이 유동성이 높은 선물 시장에서 급격한 레버리지 축소에 나서고 있다.

ME 뉴스에 따르면, 톰 리의 펀드인 펀드스트랫의 암호화폐 전략 책임자 션 패럴은 12월 20일(UTC+8)에 발표한 "2026년 암호화폐 전망" 보고서에서 "비트코인과 전체 암호화폐 시장은 여전히 ​​강력한 장기 상승 잠재력을 가지고 있으며, 2026년에는 유동성 주도의 지지가 나타날 것으로 예상되지만, 2026년 1분기/2분기에는 일부 리스크 해소해야 할 수도 있으며, 리스크 더 매력적인 진입 시점이 나타날 수 있다"고 밝혔다.

톰 리 펀드의 분석가는 2026년 상반기에 비트코인 ​​가격이 6만 달러에서 6만 5천 달러까지, 이더 1,800달러에서 2,000달러까지 하락할 수 있다고 예측했습니다.

연방준비제도(Fed)는 2023년에 시행했던 암호화폐 산업에 대한 규제를 철회하고, 암호화폐 관련 업무 기존 규제 프레임 로 복귀시켰습니다. 규제의 초점은 기존의 억제에서 구조화된 관리로 바뀌었으며, 암호화폐 업무 규제 대상 모듈 로 세분화되었습니다. 이러한 조정은 규제 당국이 온체인 화폐 거래의 현실을 인정하고 시스템 리스크 재평가한 것을 반영합니다.
기사 작성자: Conflux
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