#JELLYJELLYFuturesAlert **Whale Dumps $JELLY: $12M HLP Loss & Hyperliquid Delisting Controversy**

A crypto whale offloaded **$4.85M worth of $JELLY**, triggering a **$12M loss** for Hyperliquid’s Hyperliquidity Provider (HLP). The sell-off sent prices plummeting, forcing HLP into a short position. As the whale repurchased at a lower price, a **short squeeze** pushed prices back up. Hyperliquid later delisted $JELLY, closing positions at **$0.0095**—securing a **$700K profit** for itself.

This event underscores the risks of **market manipulation** in low-liquidity tokens, highlighting the need for **stronger exchange safeguards** and greater trader awareness. In volatile markets, risk management strategies like **stop-losses** and exit plans are crucial.

### **Key Takeaways:**

- **Whale activity can destabilize markets.**

- **Exchanges must improve trader protections.**

- **Risk management is essential in volatile crypto assets.**