Speaking of the JELLYJELLY project, it focuses on sharing video chat snippets and is a token for social applications, with a market capitalization of around 80 million dollars, making it a typical small-cap coin.

The most interesting thing is that there is a clear contradiction in the market data. On one hand, funds are continuously flowing out, while on the other hand, the volume of active buying overwhelmingly exceeds selling, yet the price continues to rise. This situation basically indicates that there are large investors supporting the market behind the scenes, or it could simply be a manipulation tactic.

The most telling signal comes from the funding rate - it is currently negative. What does this mean? It means that short sellers have to pay money to long buyers. In other words, the true sentiment of the market is actually dominated by bears, but the price has been forcibly pushed up, creating a distorted situation of "bears being forced to cover their positions."

In simpler terms, this is a rebound driven by short-term hot money, but large funds clearly do not believe it can continue. The risk is actually quite significant, as the project's fundamentals provide limited support; it's essentially just a small social coin.

In my opinion, just look at the market trends and don't take it too seriously. If you really want to chase, you must enter and exit quickly, and set your stop-loss level in advance. The volatility of these small coins is too high; they often rise and fall just as sharply without mercy. If you want to play, it might be better to wait until the hype dies down and look for a lower position to see if it can stabilize before considering.