JELLYJELLY drops from $0.5 to $0.1: Will the former wealth-creating effect happen again?

December 16, 2025, according to Gate market data, JELLYJELLY (jelly-my-jelly) is currently priced at $0.1, up 12.5% in the past 24 hours. The intra-day high reached $0.119, while the low dropped back to $0.09. The 24-hour trading volume is approximately $9.62 million. Extending the time frame to nearly a week, JELLYJELLY’s market performance has noticeably rebounded, but compared to its all-time high of $0.51, the current price remains in a deep retracement zone.

The Birth of JELLYJELLY: From Joke to Asset

JELLYJELLY was born in the typical Meme coin environment, with its name and narrative carrying obvious satirical and self-deprecating tones. Unlike projects that attempt to emphasize technological breakthroughs or complex roadmaps, JELLYJELLY did not initially aim to prove “usefulness.” Instead, it embraced the core elements of Meme culture—virality, consensus, and community sentiment.

This minimalist narrative lowered the barrier to understanding, enabling it to spread rapidly on social platforms. During the peak of the Meme market, JELLYJELLY quickly transitioned from a joke to a tradable asset through memes, community engagement, and short-term price surges.

The FOMO-Driven Wealth Effect: Exponential Rise Fueled by Sentiment

The most notable phase of JELLYJELLY was its rapid price increase to $0.51. During this period, the driving force behind the price was not fundamentals but highly aligned market sentiment.

Low market cap, concentrated liquidity, and ongoing social discussions allowed small amounts of capital to trigger significant price swings. Early participants achieved returns of several times or even dozens of times their investment. These real “money-making stories” further intensified FOMO, attracting more speculative capital.

However, as with most Meme coins, once sentiment peaked and incremental funds slowed, the price quickly entered a correction phase.

Post-peak Pullback: An Inevitable Stage for Meme Coins

The decline from $0.51 to around $0.1 is not uncommon for Meme coins. Without stable cash flows or protocol revenues, their prices are highly dependent on market sentiment. When enthusiasm wanes, liquidity contraction often amplifies the downward trend.

Additionally, the concentration of early profit-taking also exerts long-term pressure on the price. Without new narratives or strong catalysts, Meme coins tend to experience prolonged sideways movement or decline until a new sentiment cycle emerges.

Recent Rebound: Why the Strength Returned

Recently, JELLYJELLY has shown a clear rebound within a week, with trading volume increasing simultaneously, indicating renewed market interest.

This change is more driven by external factors rather than major project updates. On one hand, after a long adjustment, some funds are flowing back into previously strong Meme assets, seeking low-entry points. On the other hand, JELLYJELLY’s current price still has considerable room below its historical high, providing ample opportunities for short-term trading.

When market sentiment slightly improves, Meme coins with a “glorious history” tend to attract attention more easily than new projects.

Future Trend Analysis: Sentiment Still Dominates

Structurally, JELLYJELLY remains an asset characterized by strong sentiment and weak fundamentals. Its future trajectory largely depends on the overall enthusiasm in the Meme market.

If the Meme sector continues to heat up in a new rally, JELLYJELLY may experience a phase rebound driven by sentiment, approaching previous high-volume trading zones. However, caution is needed: the closer it gets to previous highs, the more pronounced the selling pressure from trapped investors will be.

If overall risk appetite declines or Meme enthusiasm rapidly fades, JELLYJELLY’s upward momentum will weaken significantly, and the price could revert to sideways or downward movement.

Conclusion

The price trajectory of JELLYJELLY essentially reflects the sentiment cycle of Meme coins. It has created significant wealth effects during periods of consensus and experienced deep retracements when sentiment wanes. The current rebound appears to be the market re-evaluating its speculative value at low levels.

For investors, JELLYJELLY is not suitable for valuation based on traditional fundamentals. Instead, it should be viewed as a sentiment asset and liquidity asset. Understanding the underlying emotional logic, capital structure, and market phase is more important than simply predicting price points.

In the world of Meme coins, the story is never truly over—only waiting for the next wave of sentiment to ignite again.