Gate Research Institute: JELLYJELLY 24-hour rise exceeds 40%｜Strategy third quarter profits decline

Encryption Asset Overview

BTC (-0.87% | Current price 109,602 USDT)

In the past 24 hours, BTC experienced a rapid pullback from its high and a subsequent short-term rebound, with the price dropping from approximately $116,388.8 to an intraday low of around $106,286.5. It found support at the low and rose back to about $109,602.7; the short-term moving averages indicate that short-term buying pressure is entering, forming an initial short-term golden cross, suggesting that the short-term bullish momentum is starting to recover at the lows. However, the MA30 is still declining and poses resistance near the current price, indicating that the overall trend has not yet completed its reversal. If it can stabilize in the $109,000–$109,500 range in the next 24 hours with an increase in trading volume, there is a potential for a short-term challenge of the $111,000 resistance level and to validate the trend reversal. Conversely, if it encounters resistance near the MA30 and volume decreases, it may retest the support around $107,000–$107,500 or even revisit the intraday low. Therefore, the short-term bias is towards a corrective rebound, but when following buying, one should focus on volume confirmation and building positions in batches, while strictly controlling the risk of pullbacks.

ETH (-1.99% | Current Price 3,845 USDT)

ETH has shown signs of bottoming out after continuing its downward trend, with the price dropping from a high of about $4,253.53 to a low of $3,679.61. It then found support in this range and rebounded to the current price of about $3,845.05. In terms of short-term moving averages, the MA5 has crossed above the MA10, forming an initial golden cross signal, indicating a potential inflow of short-term funds; however, the MA30 remains downward, reflecting that the medium-term trend is still weak, and the current price is attempting to break through this moving average resistance. From the market structure perspective, the recent decline of ETH has been accompanied by an increase in volume, while the volume during the low rebound phase has gradually contracted, indicating an intensifying tug-of-war between bulls and bears, with a focus on technical repair in the short term. If the price can stabilize in the $3,820–$3,850 range and break through the MA30 with increased volume, there is a possibility to test the resistance zone of $3,900–$3,950; conversely, if the rally loses momentum and falls below $3,780 again, it may retest the support near $3,700.

GT (-1.19% | Current Price 13.27 USDT)

In the past 24 hours, the GT price has shown a phased rebound after continuing its downward trend. After continuously declining from a peak of about 15.85 USD, it stabilized and rebounded around 12.57 USD after multiple breaches of support, with the current price reported at 13.27 USD. In terms of short-term moving averages, both MA5 and MA10 have turned upwards and formed an initial golden cross, indicating that short-term momentum is starting to warm up; however, MA30 still maintains a downward trend, suggesting that the medium-term trend remains weak. From a market perspective, GT has formed a typical “oversold rebound” structure after continuous declines, with a noticeable increase in volume at the bottom, indicating that some bottom-fishing funds have entered after the bearish momentum has been released. If the price can steadily rise above the 13.30–13.40 USD range accompanied by increased trading volume, it is expected to further attack the 13.70–13.90 USD area; conversely, if the volume is insufficient and the price falls below 13.00 USD, there is a risk of retesting the 12.70 USD support. Overall, GT is currently in a transitional phase from weak to stable, with short-term rebound momentum strengthening, but the pressure above remains significant. It is advisable to focus on buying low and selling high, paying attention to the continuity of volume-price coordination and moving average breakthroughs.

Daily Price Fluctuation Tokens

Most tokens are experiencing a downturn, market sentiment is low, and the activity level of funds has significantly decreased. SOL and XRP have fallen over 3.5%. In addition, tokens like JELLYJELLY, AURORA, and CCD have risen against the trend, achieving increases of over 30% and even 40%.

JELLYJELLY Jelly-my-jelly* (+40.56%, circulating market cap 159 million USD)*

According to Gate's market data, the JELLYJELLY token is currently priced at 0.1606 USD, having increased by approximately 40.56% in the last 24 hours. JELLYJELLY is a token operating on the Solana blockchain, with a total supply of around 999 million tokens, co-founded by Venmo's co-founder Iqram Magdon-Ismail and early investor Sam Lessin. This token is associated with a video clip sharing application called JellyJelly, where users can take snippets from video calls to share and utilize AI features to generate subtitles and summaries. Holding JELLYJELLY grants early access to the platform, and it is expected to be used in the future for tipping, content promotion, or ecological governance within the app.

One important trigger for the recent rise of JELLYJELLY is its official announcement of the application Beta testing, strengthening the binding between the token and application scenarios, which has attracted the attention of the community and short-term funds. At the same time, media reports about significant price increases and whale purchases have accelerated market expectations. However, despite these advances, there is still a lack of substantial announcements regarding specific functional launches or partnerships, so the subsequent trend still needs to be observed in terms of the actual launch of the application and user growth.

AURORA Aurora (+36.58%, circulating market cap $6.443 million)

According to Gate market data, the current price of the AURORA token is $0.0989, having risen by 38.38% in the last 24 hours. Aurora is an EVM based on the NEAR protocol, providing developers with a turnkey solution to run their applications on a platform that is compatible with Ethereum, high throughput, scalable, and future secure, offering users low transaction costs. Aurora is a product that helps Ethereum users and dApps easily migrate to the NEAR blockchain. It allows users to do two different things: upload Solidity smart contracts to the NEAR blockchain and interact with them, and move assets between Ethereum and NEAR (including ERC-20 tokens).

In the past 24 hours, the price of Aurora (AURORA) tokens has risen significantly, mainly due to a surge in trading volume, a rebound in market sentiment, and positive news regarding the ecosystem. Recently, Aurora announced that it will continue to advance its token burn and ecosystem incubation plans, attracting the attention of investors. At the same time, on-chain activity and DEX trading volume have increased, indicating a short-term inflow of funds. Overall, this rise is more driven by market sentiment and technical factors rather than long-term fundamental changes.

CCD Concordium (+30.02%, circulating market cap 5.485 billion USD)

According to Gate market data, the current price of the CCD token is $0.0246, having risen approximately 30.02% in the last 24 hours. Concordium is a groundbreaking proof-of-stake blockchain rooted in scientific principles. It is the first blockchain to directly incorporate self-sovereign identity into its protocol. This unique feature is designed to comply with regulatory standards, making Concordium a catalyst for unlocking commercial transactions through blockchain technology. Notably, Concordium ensures that transactions are irreversible within seconds, guaranteeing the finality of transactions while keeping transaction fees at a continuously low and stable rate pegged to the euro.

In the past 24 hours, CCD's trading volume has shown signs of activity, indicating an increased market interest in the project's ecosystem. Combined with recent ecosystem announcements and increased on-chain activity, its price may receive certain support. However, as of now, there have been no significant large-scale positive developments, and future trends still need to pay attention to the progress in compliance identity verification and enterprise applications.

Daily New Investment

New Subscription Details

• Subscription Project: Piggycell
• Token Name: PIGGY
• New subscription time: until November 6, 2025, 20:00 (UTC+8)
• Participation method: Stake PIGGY or GUSD to receive for free.
• Total Airdrop Amount: 70,000 PIGGY

Project Introduction

Piggycell is a decentralized physical infrastructure and real-world asset project aimed at transforming a nationwide mobile power sharing network into a Web3 ecosystem. By associating real-world charging activities with on-chain data, Piggycell builds a transparent and reward-driven infrastructure. Users can earn daily incentives through a charging rewards mechanism, NFT ownership, and gamified tasks, achieving seamless integration of physical infrastructure and blockchain. The platform is dedicated to converting real practical value into digital assets, allowing Web3 technology to naturally integrate into everyday usage scenarios. Piggycell pioneers a new paradigm of decentralized infrastructure, organically combining physical commerce with tokenized incentive mechanisms.

Highlights Interpretation

Strategy Q3 profits fell to $2.8 billion, Bitcoin premium hits 18-month low.

MicroStrategy (MSTR) reported a third-quarter profit of $2.8 billion, a significant decline from the record $10 billion in the previous quarter, due to weakening momentum of Bitcoin's late summer rebound and a continued narrowing of the company's valuation premium. Nevertheless, the diluted earnings per share of $8.42 still exceeded analysts' expectations of $8.15, marking the weakest quarter since adopting fair value accounting in January of this year. MicroStrategy's stock price briefly fell to a six-month low, but rose about 4% in after-hours trading following the earnings report; during the same period, the price of Bitcoin was around $107,000, down approximately 15% from the historical high in early October.

As the world's largest Bitcoin treasury company, Strategy added approximately 43,000 Bitcoins this quarter, bringing its total holdings to 640,800 Bitcoins, with a total value close to $69 billion, although the increase is the lowest this year. The company continues to rely on high-yield preferred stocks (such as STRC) for financing, and the yield on Bitcoin financing instruments has increased to 10.5% to sustain investor demand and support Bitcoin accumulation, even as its stock price and mNAV premium tighten.

Ethereum officially scheduled for December 3rd Fusaka upgrade

The Ethereum Foundation researchers have officially announced that the next major mainnet upgrade, Fusaka, will go live on December 3. This upgrade has previously been deployed on the Holesky, Sepolia, and Hoodi testnets, maintaining backward compatibility, and will implement approximately 12 Ethereum Improvement Proposals (EIPs) to enhance the sustainability, security, and scalability of the main chain and Layer 2 ecosystem.

The most important upgrades of the Fusaka upgrade include Peer Data Availability Sampling (PeerDAS), which provides validators with a more efficient way to access data, and an increase in the block gas limit from 30 million to 150 million units, which is expected to rapidly double the Blob capacity. The Ethereum Foundation previously launched a four-week auditing competition, offering up to $2 million in rewards for security researchers who find vulnerabilities, to ensure a smooth mainnet upgrade.

Ethereum rebounded in the evening after the pullback, with the trading range narrowing.

Ethereum experienced a brief pullback before rebounding in the evening, with increased trading activity. The recent range has narrowed, bringing attention back to nearby key levels. ETH fell from $3,921 to $3,731 during the day, then rebounded to $3,771, reclaiming the resistance level around $3,760, indicating that buyers are gradually stepping in. Trading volume is 32% higher than the seven-day average, primarily driven by moderate buying rather than clear short-term squeezes.

The technical indicators show that the short-term trading range for Ethereum is approximately $3,730 to $3,880, with major resistance concentrated between $3,840 and $3,880, and key support at $3,731. Core developers still plan to implement the Fusaka upgrade on December 3. <br> Reference Material:

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Farside Investors, https://farside.co.uk/eth/
• Gate, https://www.gate.com/trade/GT_USDT
• Gate, https://www.gate.com/price
• Gate, https://www.gate.com/launchpool/PIGGY?pid=424
• Coindesk, https://www.coindesk.com/markets/2025/10/30/eth-selloff-meets-late-bounce-as-volume-climbs-range-tightens-as-risk-appetite-plunges
• The Block, https://www.theblock.co/post/377038/strategy-q3-profit-drops-bitcoin-rally-fades-mnav-premium-compresses
• The Block, https://www.theblock.co/post/377065/ethereum-devs-officially-target-dec-3-for-fusaka-upgrade

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