Binance Futures has recently expanded its offerings by introducing USDⓈ-Margined perpetual contracts for the cryptocurrency Jelly-My-Jelly (JELLYJELLY). These contracts became available for trading on March 26, 2025, at 16:00 UTC, allowing traders to engage with up to 25x leverage.
As of today, March 27, 2025, JELLYJELLY is trading at approximately $0.02098 USD. The futures market for JELLYJELLY/USDT perpetual contracts is accessible on several platforms, including WEEX Futures, which offers up to 200× leverage, and MEXC, providing up to 20× leverage with ultra-low fees and deep liquidity.
It's important to note that the cryptocurrency market is highly volatile. For instance, a recent incident involved a large-scale investor (whale) executing a significant sell-off of $JELLY, leading to a $12 million loss for Hyperliquid’s Hyperliquidity Provider (HLP) and the subsequent delisting of $JELLY by Hyperliquid.
Given these dynamics, it's crucial for traders to exercise caution. Utilizing risk management strategies such as setting stop-loss orders and staying informed about market developments can help navigate the complexities of futures trading effectively.
