#JELLYJELLYFuturesAlert Another scandal shook Hyperliquid: a whale manipulated the JELLYJELLY token by opening a short position of 6 million dollars, which led to the automatic liquidation of the position. This forced the HLP fund to inherit a large position, creating unrealized losses exceeding 10 million dollars.

The employees of Hyperliquid intervened in the process:

- They canceled the listing of the JELLYJELLY token,

- Forcefully closed the position at a favorable price,

- Brought the situation back to a profit level of 700,000 dollars.

In a statement, Hyperliquid claims that this is a blatant exploitation of a vulnerability, and that the team's actions aim to protect the users of the platform.