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Whale Dumps $JELLY: $12M HLP Loss & Hyperliquid Delisting!

#JELLYJELLYFuturesAlert

A whale just sold off $4.85M worth of $JELLY, causing a staggering $12M loss for Hyperliquid’s HLP. Following that, Hyperliquid decided to delist $JELLY, closing all positions at a mere $0.0095 and raking in $700K. So, what really went down?

💥 Key Events:

1️⃣ A whale dumps $JELLY, sending the price plummeting.

2️⃣ HLP suffers a huge $12M loss due to short exposure.

3️⃣ The whale buys back in at a bargain, sparking a short squeeze.

4️⃣ Hyperliquid delists $JELLY, forcing traders to exit at rock-bottom prices.

📌 Takeaways for Traders:

🔹 Market manipulation is a real threat – Even liquidity providers can get caught off guard.

🔹 Be wary of exchange risks – Unexpected delistings can leave traders in a bind.

🔹 Low-cap tokens come with high stakes – Always do your own research before jumping in. 💬 Was this a fair move or foul play? Share your thoughts below!

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