Jelly-My-Jelly (JELLYJELLY) and its futures trading have raised concerns due to several drawbacks:
1. Alleged Market Manipulation
Reports suggest that JELLYJELLY's price was influenced by suspicious, highly leveraged trades funded through Binance on the Arbitrum network.
2. Delisting from Some Platforms
Due to concerns about price manipulation, HyperLiquid delisted JELLYJELLY perpetual contracts.
