#JELLYJELLYFuturesAlert A whale dumped 124.6M $JELLY ($4.85M), causing Hyperliquid's HLP to suffer a $12M loss from a forced short position. The whale then rebought $JELLY cheaply, triggering a short squeeze. Consequently, Hyperliquid delisted $JELLY, closing all positions at $0.0095, securing a $700K profit. This sparked concerns about market manipulation and exchange trust, highlighting the risks of low-cap tokens.