Hyperliquid vs. JELLYJELLY: What Happened? 🤯
➡️A whale shorted JELLYJELLY, then withdrew margin to trigger passive liquidation.
➡️Hyperliquid got stuck with the position, losing nearly $10M.
➡️Binance & OKX listed JELLYJELLY perpetual contracts.
➡️Hyperliquid delisted $JELLYJELLY and settled the short at $0.0095.
➡️Despite the chaos, Hyperliquid’s Vault netted a $703K gain.