#JELLYJELLYFuturesAlert
🚨 Whale Sells Off $JELLY: $12M Loss for HLP & Hyperliquid Delisting Controversy!
A major investor offloaded $4.85M worth of $JELLY, triggering a $12M loss for Hyperliquid’s HLP (Hyperliquidity Provider). Following this, Hyperliquid delisted $JELLY, sparking concerns. Here’s a full breakdown.
💥 What Happened?
A whale holding 124.6M $JELLY ($4.85M) executed a pump-and-dump, severely impacting Hyperliquid’s HLP with a $12M loss. Here’s how it played out:
1️⃣ The whale dumped a massive amount of $JELLY, causing the price to plummet.
2️⃣ HLP was caught in a short position, leading to substantial losses.
3️⃣ The whale repurchased at a lower price, triggering a short squeeze.
4️⃣ Hyperliquid abruptly delisted $JELLY, closing all positions at $0.0095—securing a $700K profit for itself.
📌 Key Takeaways:
🔹 Risk of Market Manipulation – Even liquidity providers (HLP) are vulnerable to large-scale trades.
🔹 Exchange Transparency Issues – Hyperliquid’s unexpected delisting raises concerns about trader protection.
🔹 Due Diligence is Essential – Low-cap tokens like $JELLY are highly susceptible to manipulation.
👑 Expert Opinion
"This incident highlights how unstable liquidity can be in low-cap markets. Exchanges need stronger protections against manipulation so that traders aren’t left bearing the losses." – [@mahnoorshakeel1 ]
💬 Join the Conversation!
Was Hyperliquid justified in delisting $JELLY? Should exchanges do more to prevent whale-driven crashes?
🗨️ Drop your thoughts in the comments!
🎓 Lessons for Traders
✅ Limit exposure to low-liquidity tokens.
✅ Monitor trading volume spikes—they often signal manipulation.
✅ Use stop-loss orders to minimize losses in volatile markets.
💡 Pro Tip: Delistings can force traders to close at unfavorable prices—always have an exit plan!
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