Ai 姨|Mar 10, 2026 06:46
JELLYJELLY manipulation hype, starting again?
▶︎ On-chain market cap: $89.95M
▶︎ Binance futures market cap: $67.17M
Current spot-futures price spread is as high as 34%
— Looks like the price anomaly started around 9 AM this morning, with the first small price peak for the token showing up around 10 AM. But at 2 PM, while the on-chain price surged again, the futures price oddly dropped, leading to a significant price spread.
The latest Binance JELLYJELLY futures open interest is $9.96M, with a sharp increase around 1 PM. Currently, the funding rate is -2%, meaning a large amount of capital is shorting regardless of price. After Hyperliquid, are we stirring things up again…
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