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【Cryptocurrency Practice】💗💗 Don't be afraid of fluctuations, be afraid of stagnation.
A waterfall wash is to remove the false and preserve the true; a sideways market is to build up energy for a strong release. A bull market is the light everyone sees, while a bear market is the seed planted by the awakened.
—— Cultivate awareness when others panic, lay out the future when no one cares. #ETH
Let's talk a bit about the 'Jelly' coin ($JELLYJELLY ) without any issues. The most interesting point about this token is that it is not like most 'pure air' meme coins; instead, it was born with a real application, and the founding team consists of seasoned professionals in the industry.
The founder has quite a background, bringing a certain halo to the project. Its two co-founders are Iqram Magdon-Ismail, co-founder of Venmo, and Sam Lessin, a former Facebook executive and investor. With this background endorsement, it has attracted more attention from the start than other grassroots meme coins.
The core value lies in its video application called 'Jelly.' This application aims to allow users to easily capture exciting moments from video calls, generate clips with one click, and share them on social platforms. AI can assist with adding subtitles and editing. Therefore, holding JELLYJELLY tokens theoretically allows you to experience this application first. This idea of combining meme culture with actual products is its biggest feature.
In terms of market performance, it is a typical 'roller coaster player.' After its launch at the end of January 2025, it experienced an astonishing 70,000% surge within 24 hours, with its market cap briefly exceeding $250 million. Since then, the price has been very volatile, which is characteristic of meme coins. It has already launched perpetual contracts on Binance this March, indicating good liquidity, but it also means that risks are amplified by leverage.
Overall, $JELLYJELLY is a meme coin with a bit of a 'backstory.' You can view it as a 'community passport with application scenarios.' Like all meme coins, investing in it requires a strong heart, as the price is mainly driven by community sentiment and hype.
If you're interested in this project, apart from the price, will you focus more on its application development or the movements of the founders? #JELLYJLLY #ALPHA🔥 #ALPHA
PlusToken is a major multinational virtual currency Ponzi scheme that erupted from 2018 to 2019. It was not just a simple case of absconding with funds but relied on a meticulously packaged pyramid scheme that swept the globe. The amount involved exceeded 40 billion yuan based on the market value at the time, and it was the first network pyramid scheme case investigated by the public security authorities using Bitcoin and other digital currencies as a medium of exchange.
The platform falsely claimed to be the 'second-largest digital currency wallet in the world,' operating under the banners of blockchain and 'smart arbitrage.' It asserted that it could generate profits through high-frequency trading, promising an average monthly return of around 15% and even up to 60%. The team also fabricated an international background, hiring foreign students in Changsha to impersonate the founder 'Leo,' falsely claiming that the team included core technical personnel from Google and Samsung. They even appeared on the NASDAQ screen for promotion and held a promotional conference for thousands overseas, thus deceiving investors into trusting them.
Investors were required to pay more than $500 worth of digital currency as a 'threshold fee' to obtain membership. The platform classified members into five levels: member, major account, celebrity, god, and creator. The core profit model relied on recruitment; uplines could earn 100% of the arbitrage profits from their first-level downlines and withdraw 10% of the arbitrage profits from their second to tenth-level downlines. The higher the level, the more additional layered commissions were available, and creator members could receive monthly and annual dividends, stimulating users to aggressively recruit downlines, ultimately forming a hierarchical relationship with over 3,000 levels.
In early 2019, towards the end of the scam, the platform launched 'virtual mining machines,' with diamond-level and VIP-level mining machines priced at 420,000 and 850,000 yuan, respectively. However, the so-called mining machines were merely fitness wristbands that cost only 25 yuan to produce. After purchase, users' principal had to be locked for one year, and this alone reaped about 8.25 billion yuan.
In June 2019, the platform suddenly closed its withdrawal function and arrogantly left a message saying, 'Sorry, we have run away.' Subsequently, the core management team went silent, and a large amount of user assets were transferred overseas.
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