PANews reported on February 17 that Arkham posted on social media that there has been a surge in open interest for JELLYJELLY, suggesting that someone may be trying to manipulate the cryptocurrency.

Monitoring shows that the surge in open interest on OKX and Bybit platforms coincided with a moderate accumulation of the coin on centralized exchanges such as MEXC, Kucoin, and Bitget. Reportedly, JELLYJELLY has risen 24% in the past 24 hours and is currently priced at $0.069.

According to Coinglass data, JELLYJELLY's 24-hour contract trading volume reached $104 million, while the spot trading volume was only $1.45 million, with a market capitalization of $68.21 million.