The JellyJelly application has a sweet start, the founder says
JellyJelly is a new podcast application, accompanied by the Solana meme coin, and has quickly built a large community.
Venmo co-founder Iqram Magdon-Ismail told Decrypt in January this year that the launch of the Solana meme coin JELLYJELLY led to a surge in registrations for an application, forming a community even as it fell 98% from its historical high.
Now, nearly two months after its creation, JellyJelly, which debuted on Pump.fun, is about to be integrated into the application.
JELLYJELLY's market cap once reached $250 million as it was related to an AI podcast application of the same name being developed at the time. However, there were no specific plans at that time outlining how the token would be used, and since then its market cap has plummeted to just $6 million.
Magdon-Ismail insists that the JELLYJELLY token will soon be integrated into the application, explaining that most importantly, the launch of this meme coin is a great marketing tool for building an audience.
Magdon-Ismail told Decrypt: "We gained 10,000 registrations in one day. It brought incredible attention. I have to be honest, I never thought of using the entire meme coin world as a form of promotion, but it started to become very clear.
