According to data from blockchain analytics firm Parsec, the latest outflows happened within hours of the JELLY liquidation event, echoing a similar $300 million outflows seen during a previous Bitcoin btc-0.73%Bitcoin whale liquidation event. As a result, Hyperliquid’s hype-8.99%Hyperliquid USDC reserves have fallen from a high of $2.58 billion to $2.02 billion over the past 30 days.

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