#JELLYJELLYFuturesAlert *🚨 MARKET ALERT: Whale Manipulation Sparks Chaos on Hyperliquid – Then a Bold Rescue! 🐋⚡**

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**—until **Hyperliquid took decisive action**.

**🔍 Key Developments:**

✔ **Whale’s Gamble:** Massive short position led to **forced liquidation**, destabilizing the market.

✔ **Exchange Intervention:** Hyperliquid **delisted $JELLYJELLY** and **executed a strategic force-close**, flipping losses into a **$700K profit**.

✔ **System Stress Test:** Exposed risks in **vault-based liquidity mechanisms**—prompting scrutiny.

**💡 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?