#JELLYJELLYFuturesAlert

The JELLYJELLY token, a Solana-based memecoin, has recently experienced significant market volatility. On March 26, 2025, Hyperliquid, a decentralized trading platform, delisted JELLYJELLY perpetual futures due to price manipulation by a whale trader, resulting in nearly $12 million in unrealized losses.

Binance

This manipulation involved initiating a substantial short position and inflating the token's price through coordinated purchases across multiple exchanges. The situation was exacerbated by centralized exchanges like Binance and OKX listing JELLYJELLY futures contracts, intensifying trading activity and further straining Hyperliquid's liquidity.

TronWeekly

In response, Hyperliquid suspended JELLYJELLY trading and is implementing technical enhancements to prevent future occurrences.