📊🐋 Hyperliquid Outsmarts Whale Manipulation Attempt 🐋📊

A recent incident on the Hyperliquid platform involved a whale attempting to manipulate the JELLYJELLY market. The trader executed a $6 million short position, intentionally self-liquidating and causing the HLP vault to absorb a large position, resulting in unrealized losses exceeding $10 million.

However, Hyperliquid's swift response mitigated the damage. They removed JELLYJELLY from their platform and closed the trade at a favorable price, transforming a potential massive loss into a $700,000 profit.

Important Disclaimer:

Cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct thorough research and consider your risk tolerance before making investment decisions.

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