#BSCProjectSpotlight #JELLYJELLYFuturesAlert Whale Dumps $JELLY: $12M HLP Loss & Hyperliquid Delisting Drama

A crypto whale dumped $4.85M worth of $JELLY, causing a dramatic $12M loss for Hyperliquid’s Hyperliquidity Provider (HLP). The sequence of events unfolded as follows: the whale crashed the price by dumping a large amount of $JELLY, trapping HLP in a short position. As the whale rebuys the token at a lower price, a short squeeze occurs, pushing the price back up. Hyperliquid then delisted $JELLY, closing positions at $0.0095, locking in a $700K profit for themselves.