#JELLYJELLYFuturesAlert

A crypto whale dumped $4.85M worth of $JELLY, leading to a $12M loss for Hyperliquid’s Hyperliquidity Provider (HLP). The sequence began when the whale’s large sell-off crashed the price, trapping HLP in a short position. As the whale rebought $JELLY at a lower price, a short squeeze pushed the price back up. Hyperliquid then delisted $JELLY, closing positions at $0.0095, securing a $700K profit.

This event underscores the risks of market manipulation in low-cap tokens and the need for better safeguards on exchanges. Traders must be cautious in volatile markets and utilize strategies like stop-losses and exit plans.

Key Takeaways:

Whale manipulation can severely impact markets.

Exchanges need to improve protection for traders.

Always practice risk management in volatile markets.