#JELLYJELLYFuturesAlert
Binance has listed the JELLYJELLY token on its futures market, following a dramatic short squeeze that saw the token's price surge nearly 500%. The listing comes amid controversy surrounding alleged market manipulation linked to HyperLiquid, a decentralized exchange (DEX) that delisted JELLYJELLY after facing significant losses.
The JELLYJELLY token is a memecoin on the Solana ecosystem, and its listing on Binance has sparked speculation about the exchange's motivations. Some analysts have questioned whether Binance is trying to eliminate HyperLiquid as a competitor, given its historical influence in the downfall of FTX.
Here are the key details about the listing:
- Listing Date: March 26, 2025 (UTC)
- Token: JELLYJELLY (JELLYJELLY/USDT)
- Market: Binance Futures
- Initial Funding Rate: +2.00% / -2.00%
The situation is still unfolding, and it's unclear what the long-term implications will be for HyperLiquid and the broader cryptocurrency market.
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