#JELLYJELLYFuturesAlert

whale dumped $4.85M in $JELLY, causing a $12M loss for Hyperliquid’s HLP. Then, Hyperliquid delisted $JELLY—what happened? Full breakdown inside.

## **💥 What Went Down with $JELLY?**

💥 The $JELLY Meltdown – What Went Down?

A whale holding 124.6M $JELLY ($4.85M) pulled off a high-stakes pump-and-dump, wreaking havoc on liquidity and leaving Hyperliquid’s HLP in the red. Here’s how the drama unfolded:

1️⃣ Massive Whale Dump – The sell-off crushed $JELLY’s price.

2️⃣ HLP Caught in the Crossfire – Hyperliquid’s HLP was forced into a short position, suffering $12M in losses.

3️⃣ Whale Rebuys Cheap – With prices at rock bottom, the whale swooped back in, triggering a short squeeze.

4️⃣ Hyperliquid Drops the Hammer – The exchange delisted $JELLY, forcefully closing all positions at $0.0095—securing themselves a $700K profit in the process.

📌 What This Means for Traders

🔹 Market Manipulation is Real – Even institutional-grade liquidity providers aren’t immune to whale plays.

🔹 Exchange Trust Issues – Hyperliquid’s sudden delisting raises serious concerns about trader protection.

🔹 DYOR is More Important Than Ever – Low-cap tokens like $JELLY are prime targets for manipulation.