#JELLYJELLYFuturesAlert

Whale Manipulation Strikes Hyperliquid Again

Another major incident has shaken the Hyperliquid platform as a whale manipulated the JELLYJELLY market. The trader opened a massive $6 million short position, deliberately self-liquidated, and forced the HLP vault to take on a huge position. This resulted in unrealized losses exceeding $10 million.

In response, Hyperliquid took swift action by delisting JELLYJELLY and force-closing the trade at a favorable price. Their intervention turned the situation around, ultimately securing a $700,000 profit instead of a massive loss.