#JELLYJELLYFuturesAlert Today, the market witnessed a notable incident when Hyperliquid, a decentralized perpetual futures trading platform, decided to delist the JELLYJELLY contract after a price manipulation event. Specifically, a trader opened a short position worth 6 million USD, then pumped the token price on-chain to force the liquidation of their own position, causing an unrealized loss of about 12 million USD for the Hyperliquidity Provider (HLP) reserve. This prompted Hyperliquid's validators to intervene, vote to remove the contract, and commit to refunding most users (except flagged addresses) in the coming days.