Arkham: JELLYJELLY Open Interest Surges, Potential Price Manipulation by Whale Group

BlockBeats News, February 17th, Arkham officials posted on social media that the open interest of JELLYJELLY futures has surged, suggesting a possible attempt to manipulate the coin.

Monitoring data shows a sharp increase in open interest on OKX/Bybit platforms, coinciding with a mild accumulation of the coin on centralized exchanges such as MEXC, Kucoin, and Bitget.

According to HTX market data, JELLYJELLY has seen a 24% price increase in the past 24 hours, currently trading at $0.069.

Furthermore, according to Coinglass data, JELLYJELLY's 24-hour futures trading volume has reached $104 million, with spot trading volume at only $1.45 million, and the market cap is currently reported at $68.21 million.