ChainThink report, March 10: According to market data, an extreme price discrepancy has emerged between the JELLYJELLY perpetual contract and spot markets. The current perpetual contract mark price stands at $0.067, while the on-chain spot price is $0.092, resulting in a price spread of approximately 28%. The funding rate for JELLYJELLY perpetual contracts on major trading platforms has reached an extreme negative value, with the current 4-hour funding rate at -2%.

The on-chain market cap of JELLYJELLY currently stands at $93 million. According to Coinglass data, the total open interest across the entire network has surged to $39.2 million.

Analyst Ai Yi (@ai_9684xtpa) stated that the net open interest for JELLYJELLY began to spike around 1 p.m., possibly indicating another instance of potential price manipulation similar to previous incidents.