🚨 Whale Dumps $JELLY: Hyperliquid Takes a $12M Hit & Delists Token
A whale offloaded 124.6M $JELLY ($4.85M), triggering a $12M loss for Hyperliquid’s HLP. The fallout? Hyperliquid swiftly delisted $JELLY—but why?
💥 Inside the $JELLY Crash
1️⃣ Massive Sell-Off – The whale’s dump crashed $JELLY’s price.
2️⃣ HLP’s Pain – Hyperliquid’s liquidity pool got caught in a forced short position.
3️⃣ Whale Rebuys Cheap – A quick flip triggered a short squeeze.
4️⃣ Hyperliquid Delists – They force-closed positions at $0.0095, netting $700K profit.
📌 Key Takeaways:
🔹 Whales still control low-cap tokens.
🔹 Exchanges can act fast—but at whose expense?
🔹 DYOR before diving into volatile markets.
