#JELLYJELLYFuturesAlert crypto whale holding **124.6M $JELLY ($4.85M)** pulled off a brutal **pump-and-dump**, crushing Hyperliquid’s **Hyperliquidity Provider (HLP)** with a **$12M loss**. Here’s how it unfolded:

1️⃣ **Whale dumps $JELLY**, crashing the price.

2️⃣ **HLP gets trapped in a short position**, taking massive losses.

3️⃣ **Whale rebuys cheap**, triggering a short squeeze.

4️⃣ **Hyperliquid suddenly delists $JELLY