Deep Dive
1. Market Manipulation Risks (Bearish Impact)
Overview: Blockchain analytics firm Bubblemaps identified seven wallets that withdrew 20% of JELLYJELLY’s supply from exchanges like Gate.io and Bitget between November 1–4, 2025. This pattern mirrors a March 2025 incident where a whale triggered a 515% price spike on Hyperliquid via a short squeeze, causing $12M in losses.
What this means: Concentrated withdrawals reduce exchange liquidity, enabling whales to artificially inflate prices before dumping. Retail traders face heightened risks of sudden reversals, as seen in JELLYJELLY’s 80% crash after its November 4 ATH of $0.5.
What to look out for: Increased scrutiny from exchanges (e.g., Hyperliquid’s delisting) and regulatory bodies could further pressure prices.
2. Liquidity Erosion From Delistings (Mixed Impact)
Overview: Crypto.com delisted JELLYJELLY on October 17, 2025, forcing holders to sell or convert tokens. Trading volume has since dropped 68% to $40.1M (as of November 8), thinning market depth.
What this means: Lower liquidity amplifies volatility, making JELLYJELLY prone to sharp swings from large trades. The token’s 0.49 turnover ratio (volume/market cap) signals fragile price stability.
3. Technical Correction Signals (Bearish Near-Term)
Overview: Despite a 265% 90-day rally, JELLYJELLY’s MACD histogram (-0.00017) and RSI (44–49) show weakening momentum. The price ($0.0819) sits below critical Fibonacci support at $0.144 (78.6% retracement level).
What this means: Traders may be taking profits after the recent surge, especially with broader crypto markets in “Fear” (CMC Fear & Greed Index: 25). A break below $0.071 (November 4 low) could trigger further selloffs.
Conclusion
JELLYJELLY’s price action reflects a tug-of-war between speculative trading and structural risks like low liquidity and manipulation. While the 24h gain suggests short-term resilience, the token’s reliance on hype rather than fundamentals leaves it vulnerable to abrupt downturns.
Key watch: Monitor Bubblemaps’ updates on whale wallets and exchange liquidity metrics for early signs of another volatility spike.