Hyperliquidity

02/ When the price of #JELLYJELLY increased, a short position of 4 million dollars quickly entered a forced liquidation state—but the position size was too large to be liquidated normally.

This open short was transferred to the #Hyperliquidity Provider Vault (HLP), which was supposed to attempt to liquidate this enormous position.

Meanwhile, the attacker was extracting collateral assets from accounts 0x20e and 0x67f, as the price of JELLYJELLY had surged over 400%, resulting in a 7-figure positive PnL (profit and loss) in their accounts, allowing for large withdrawals.

#JELLYJELLYFuturesAlert

🚨 JELLYJELLY Futures Alert 🚨

Another major drama hit Hyperliquid as a whale manipulated JELLYJELLY, opening a $6M short, self-liquidating, and forcing the HLP vault to inherit a massive position—resulting in over $10M in unrealized losses.

In response, Hyperliquid intervened, delisted JELLYJELLY, and force-closed the trade at a favorable price, flipping the situation into a $700K profit.

#JELLYJELLYFuturesAlert #CryptoNews #Hyperliquidity

#JELLYJELLYFuturesAlert
🚨 *Whale Dumps $JELLY: $12M HLP Loss & Hyperliquid Delisting Drama!* 🚨 #JELLYJELLYFuturesAlert

💥 What Went Down with $JELLY? 💥
A crypto whale holding *124.6M $JELLY ($4.85M)* pulled off a brutal *pump-and-dump*, crushing Hyperliquid's *Hyperliquidity Provider (HLP)* with a *$12M loss*! 📉

Here's how it unfolded:

1️⃣ *Whale dumps $JELLY*, crashing the price 💸
2️⃣ *HLP gets trapped in a short position*, taking massive losses 📊
3️⃣ *Whale rebuys cheap*, triggering a short squeeze 🚀
4️⃣ *Hyperliquid suddenly delists $JELLY*, closing all positions at *$0.0095*—locking in a *$700K profit* for themselves 🤑

📌 Key Takeaways: 📌
🔹 *Market Manipulation Risk* – Even HLP (liquidity providers) aren’t safe from whale moves 🐳
🔹 *Exchange Vulnerabilities* – Hyperliquid’s sudden delisting raises questions about trader protection 🤔
🔹 *DYOR is Crucial* – Low-cap tokens like $JELLY can be prime targets for manipulation 🔍

👑 Key Opinion Reaction 👑
_"This is a brutal reminder of how fragile liquidity can be in low-cap markets. Exchanges need better safeguards against whale manipulation—traders shouldn’t be left holding the bag."_

💬 Join the Discussion! 💬
Was Hyperliquid’s delisting fair? Should exchanges do more to protect against whale dumps? 🗨️ *Share your thoughts in the comments!* 💬

🎓 Lessons for Traders 🎓
✅ *Avoid overexposure* to low-cap tokens with weak liquidity 💸
✅ *Watch for unusual volume spikes*—they often signal manipulation 📊
✅ *Use stop-losses* to limit downside in volatile markets 📈
💡 *Pro Tip:* If a token gets delisted, you could be forced to close at a bad price—always have an exit plan! 🚨

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