#JELLYJELLYFuturesAlert $
**๐จ MARKET ALERT: Whale Manipulation Sparks Chaos on Hyperliquid โ Then a Bold Rescue! ๐โก**
A high-stakes drama unfolded on **Hyperliquid** as a **whale aggressively shorted $6M in $JELLYJELLY**, triggering a **self-liquidation cascade**. The fallout? The **HLP vault absorbed a toxic position**, leaving **over $10M in unrealized losses**โuntil **Hyperliquid took decisive action**.
**๐ Key Developments:**
โ **Whaleโs Gamble:** Massive short position led to **forced liquidation**, destabilizing the market.
โ **Exchange Intervention:** Hyperliquid **delisted $JELLYJELLY** and **executed a strategic force-close**, flipping losses into a **$700K profit**.
โ **System Stress Test:** Exposed risks in **vault-based liquidity mechanisms**โprompting scrutiny.
**๐ก Why It Matters:**
This incident highlights **both the fragility and resilience of DeFi markets**, proving that **swift intervention can prevent disaster**. Will this set a precedent for future crises? ๐ค
