Whale Dumps $JELLY: $12M HLP Loss & Hyperliquid Delisting Drama
A crypto whale dumped $4.85M worth of $JELLY , causing a massive $12M loss for Hyperliquid’s HLP (Hyperliquidity Provider). Then, Hyperliquid suddenly delisted $JELLY—what happened? Let’s break it down!
What Happened with $JELLY?
A crypto whale holding 124.6M $JELLY ($4.85M) orchestrated a brutal pump-and-dump scheme , leaving Hyperliquid’s HLP in a short position with massive losses. Here’s how it unfolded:
Whale dumps $JELLY , crashing the price.
HLP gets trapped in a short position , taking massive losses.
Whale rebuys cheap , triggering a short squeeze.
Hyperliquid suddenly delists $JELLY , closing all positions at $0.0095 —locking in a $700K profit for themselves.
Key Takeaways:
Market Manipulation Risk : Even HLPs (liquidity providers) aren’t safe from whale moves.
Exchange Vulnerabilities : Hyperliquid’s sudden delisting raises questions about trader protection.
DYOR is Crucial : Low-cap tokens like $JELLY can be prime targets for manipulation.
Join the Discussion!
Was Hyperliquid’s delisting fair? Should exchanges do more to protect against whale dumps?
Share your thoughts in the comments!
Lessons for Traders
Avoid overexposure to low-cap tokens with weak liquidity.
Watch for unusual volume spikes —they often signal manipulation.
Use stop-losses to limit downside in volatile markets.
Pro Tip : If a token gets delisted, you could be forced to close at a bad price—always have an exit plan!
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Price Chart : The pump-and-dump in real-time.
Vault Performance : How HLPs got caught in the crossfire.
#Crypto #Trading #JELLY #MarketManipulation #Hyperliquid #WhaleAlert #DYOR