#币安合约将上线JELLYJELLY

Binance is about to launch the JellyJelly (JELLY) perpetual contract, which has generated significant market attention. This move may further amplify the volatility of this token.

JELLY, a meme coin launched by former Facebook executive Sam Lessin, has previously been in the spotlight due to whale manipulation and liquidity crises.

For example, after Binance and OKX announced the launch of its contract on March 26, the price of JELLY soared to $0.62, surging over 380% in just 4 hours, before plummeting to $0.25, demonstrating extremely high risk.

While Binance's entry may bring a short-term liquidity boost, the following risks should be noted:

First, JELLY has long-term weak liquidity and insufficient market depth, making it susceptible to manipulation; previously, the Hyperliquid platform was forced to delist it, leading to a liquidation crisis;

Second, the early holdings of the project team are concentrated, with developers holding 1.79% of the tokens and making over $4 million in unrealized profits, creating selling pressure;

Third, community sentiment is easily influenced by KOL statements, leading to drastic price fluctuations after a single comment, reflecting the irrational speculative characteristics of the market.

In summary, Binance's launch may inject heat into JELLY, but investors should respond cautiously to potential surges and drops, as well as liquidation risks.