#JELLYJELLYFuturesAlert - The Hyperliquid vault was exposed to a $5 million short position on $JELLYJELLY after a trader manipulated the price and self-liquidated.

#Binance and #OKX then listed it amplifying the pressure on #Hyperliquid

⁉️ Hyperliquid ultimately delisted JELLYJELLY after detecting suspicious market activity.

• Hyperliquid came out of it without financial losses, ultimately liquidating its position for a $703,000 profit according to Lookonchain.

This episode tarnishes Binance’s image.

Funds withdrawn from Binance appear to have played a role in the massive price surge of JELLYJELLY, triggering the short position in Hyperliquid’s vault. Then, the futures listings by Binance and others pushed the price even higher, risking a disastrous liquidation for Hyperliquid that could have sparked panic. It’s speculative, but the timing raises questions.