JELLYJELLY, a meme coin on the Solana blockchain, experienced a significant 31% price increase within 24 hours, reaching a peak of $0.118 before stabilizing at $0.10. This surge propelled its market capitalization beyond $101 million as of December 15. The rise in JELLYJELLY's value highlights the continued interest in meme coins, although experts caution about the inherent volatility and lack of underlying fundamentals. Investors are advised to remain vigilant due to potential sharp price fluctuations driven by market hype.