#JELLYJELLYFuturesAlert

A prominent crypto investor, often referred to as a "whale," executed a substantial $4.85 million sale of JELLYJELLY tokens, amounting to 124.6 million tokens. This large-scale sell-off led to a sharp decline in the token's price, adversely affecting Hyperliquid's Hyperliquidity Provider (HLP), which reportedly incurred losses of approximately $12 million. Following this downturn, the whale repurchased the tokens at a lower price, triggering a short squeeze.

In response, Hyperliquid delisted JELLYJELLY, closing all positions at $0.0095, which resulted in a $700,000 profit for the platform