#JELLYJELLYFuturesAlert A whale dumped $4.85M in $JELLY, causing a $12M loss for Hyperliquidโs HLP. Then, Hyperliquid delisted $JELLYโwhat happened? Full breakdown inside.
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## **๐ฅ What Went Down with $JELLY?**
A crypto whale holding **124.6M $JELLY ($4.85M)** pulled off a brutal **pump-and-dump**, crushing Hyperliquidโs **Hyperliquidity Provider (HLP)** with a **$12M loss**. Hereโs how it unfolded:
1๏ธโฃ **Whale dumps $JELLY**, crashing the price.
2๏ธโฃ **HLP gets trapped in a short position**, taking massive losses.
3๏ธโฃ **Whale rebuys cheap**, triggering a short squeeze.
4๏ธโฃ **Hyperliquid suddenly delists $JELLY**, closing all positions at **$0.0095**โlocking in a **$700K profit** for themselves.
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## **๐ Key Takeaways:**
๐น **Market Manipulation Risk** โ Even HLP (liquidity providers) arenโt safe from whale moves.
๐น **Exchange Vulnerabilities** โ Hyperliquidโs sudden delisting raises questions about trader protection.
๐น **DYOR is Crucial** โ Low-cap tokens like $JELLY can be prime targets for manipulation.
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## **๐ Key Opinion Reaction**
*"This is a brutal reminder of how fragile liquidity can be in low-cap markets. Exchanges need better safeguards against whale manipulationโtraders shouldnโt be left holding the bag."* โ [@Orocryptotrends]
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## **๐ฌ Join the Discussion!**
Was Hyperliquidโs delisting fair? Should exchanges do more to protect against whale dumps?
๐จ๏ธ **Share your thoughts in the comments!**
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## **๐ Lessons for Traders**
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**Avoid overexposure** to low-cap tokens with weak liquidity.
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**Watch for unusual volume spikes**โthey often signal manipulation.
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**Use stop-losses** to limit downside in volatile markets.
๐ก **Pro Tip:** If a token gets delisted, you could be forced to close at a bad priceโalways have an exit plan!
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