Quickly understand the history and background of various well-known coins

"Three New Cryptos Surge: Venice Token, JELLYJELLY, Pumpkin Fun"

Coin WorldFriday, Jan 31, 2025 6:00 pm ET

1min read

Three new cryptocurrencies have gained attention this week: Venice Token (VVV), jelly-my-jelly (JELLYJELLY), and Pumpkin Fun (PKIN).

Venice Token (VVV) is the native token of Venice AI, an artificial intelligence assistant focused on privacy and uncensored interactions. It was created by Erik Voorhees, the founder of ShapeShift, a well-known DeFi platform. Initially airdropped to early users, VVV is now available on the Base chain and was among Base’s biggest new cryptos launched recently. While its price saw an initial surge, it has since dropped significantly. Despite this decline, the token has over 43,000 holders and a market cap of around $167 million. VVV’s RSI is currently at 35.6, indicating that it is approaching oversold territory. An RSI below 30 is generally seen as oversold, meaning a reversal could be near if buyers step in. However, if selling pressure continues, Venice Token could see further declines before stabilizing.

JELLYJELLY is the native coin of the Jelly-Jelly app, a social platform introducing a new “conversational” media format for recording, editing, and sharing. It was launched by Iqram Magdon-Ismail, the co-founder of Venmo, first on Pumpfun before graduating to Raydium. In less than two days, JELLYJELLY gained over 47,000 holders, with a daily volume of $753,000 and 3,100 transactions. Its market cap is already close to $77 million, showing strong initial interest despite relatively low transaction activity. While still a new coin, its connection to Venmo’s co-founder could attract more users and investors over time. The fact that JELLYJELLY is tied to a real product also strengthens its potential, as projects with actual utility often sustain long-term interest better than purely speculative tokens.

Pumpkin Fun is a newly launched Solana-based launchpad for new cryptos that aims to compete with PumpFun. To attract new projects, it offers features like ultra-fast coin launches, live streaming, rewards unlocking, and on-platform staking. The platform has quickly gained traction, reaching nearly 17,500 holders with a market cap

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