#BSCProjectSpotlight A crypto whale holding **124.6M $JELLY ($4.85M)** pulled off a brutal **pump-and-dump**, crushing Hyperliquid’s **Hyperliquidity Provider (HLP)** with a **$12M loss**. Here’s how it unfolded:

1️⃣ **Whale dumps $JELLY**, crashing the price.

2️⃣ **HLP gets trapped in a short position**, taking massive losses.

3️⃣ **Whale rebuys cheap**, triggering a short squeeze.

4️⃣ **Hyperliquid suddenly delists $JELLY**, closing all positions at **$0.0095**—locking in a **$700K profit** for themselves.

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## **📌 Key Takeaways:**

🔹 **Market Manipulation Risk** – Even HLP (liquidity providers) aren’t safe from whale moves.