#JELLYJELLYFuturesAlert

⚠️Alert: Another drama unfolded on Hyperliquid when a whale manipulated JELLYJELLY by opening a 6M short position, which was self-liquidating. This forced the HLP vault to inherit a massive position, resulting in over10M in unrealized losses.

In response, Hyperliquid took action by delisting JELLYJELLY and force-closing the trade at a favorable price. This intervention successfully flipped the situation, turning the massive losses into a $700K profit.

The quick response prevented further damage and highlighted the platform’s ability to manage such market manipulations effectively.