The crazy "squeeze" caused the #Hyperliquidity Provider (HLP) to incur losses of about ~12 million dollars!
Wallet 0xde95 executed a short order for $JELLY on @HyperliquidX and withdrew margin, causing HLP to passively liquidate short positions worth 4.5 million USD.
The new wallet “0x20e8” has opened a long position on @HyperliquidX, with current unrealized profits reaching over $6 million.
The price of $Jelly on #Binance Alpha increased by 500%.
And the price of $HYPE is sharply declining.