Venmo co-founder Iqram Magdon-Ismail and Sam Lessin launched the JELLYJELLY token, surging to a $250M market cap on Pump.fun.

In response, the token skyrocketed 1,278% from a market cap of $18.38 million to $253 million in just four hours. In the eight hours that followed, JELLYJELLY has since retraced 42% to $145 million, ...