Solana Memecoin Surge Threatens Hyperliquid Vault's $230M Investment
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Mar 26 2025Solana Memecoin Surge: The price of the Solana-based memecoin Jelly-My-Jelly has surged over 200%, causing Hyperliquid Vault to face a potential $230 million loss due to high volatility and increased transaction volume.
Market Impact and Risks: The rapid appreciation of Jelly-My-Jelly reflects broader market dynamics, prompting industry players to reassess risk strategies amid concerns over financial and regulatory outcomes linked to erratic token behavior.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
