Jelly-My-Jelly(JELLYJELLY)

Overview

Jelly-My-Jelly (ticker JELLYJELLY) is a Solana-based meme coin that launched in early 2025 via a token launch platform. It drew attention through its association with a figure connected to a social and video-focused app project.

JELLYJELLY became widely known in March 2025 following an incident on the decentralized derivatives exchange Hyperliquid. A trader exploited the token's thin liquidity and a large leveraged position to create loss exposure for the protocol's liquidity vault (HLP), after which Hyperliquid delisted the market and settled the affected positions. The episode prompted broader discussion about listing derivatives on low-liquidity assets and about oracle design.