In a stunning demonstration of market energy, the newly issued memecoin $JELLY, linked to Venmo co-founder Sam Lessin, has upended the Solana ecosystem. Less than an hour after its launch, the market cap shot through the roof to exceed $170 million, while trading volume in the first 60 minutes of existence took place at an annualized rate of $240 million. As the token’s popularity grew, so did its market worth. It hit $200 million in just five hours after being launched, making it one of the fastest-clipping dollar-bill rides in recent crypto history. For Solana, which has been enjoying some
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