Main to remember
- The co-founder of the same corner, Jellyjelly, jumped more than 1000%, reaching a market capitalization of $ 250 million shortly after its beginnings.
- The token will grant early access to the Jellyjelly video sharing application, which is part of a growing trend of projects using Pump.Fun for launches of tokens supported by products.
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The co-founder of Venmo, Iqram Magdon-Ismail, and the investor of Venmo, Sam Lesin, launched the part of Mesmes Jellyjelly, which increased by more than 1000% in a few hours, reaching a market capitalization of 250 million Dollars.
The token was launched Wednesday evening on Pump.
Anatoly Yakovenko, co-founder of Solana Labs, helped lead Jellyjelly’s overvoltage by citing Lessin’s launch post, declaring: “Finally, the biggest talents of our generation no longer work in advertising.”
At the time of the press, the token retraced 45% of its peak, reaching a market capitalization of $ 140 million.
The founders have confirmed that Jellyjelly will provide early access to their Jellyjelly video sharing application, although specific implementation details remain under development.
The application, currently available on the Apple App Store, allows users to record and share video call clips, with AI features for automatic subtitling, titles and generation of social media content.
Although the application is operational with features including a Tiktok style flow and tools to create clips, users have reported video playback problems.
Magdon-Ismail said that he currently has no Jellyjelly jet but has expressed interest in buying them. The deployer portfolio acquired 1.8% of total food, supplying speculation on Lessin’s potential participation.
The launch follows other offers from recent pumps, including Vine Coin (Vine) of the co-founder of Vine, Rusupov, who has reached a market capitalization of $ 500 million.
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