#JELLYJELLYFuturesAlert This looks like a classic case of whale-induced market manipulation, with serious implications for traders and exchanges alike. A few key takeaways:

1️⃣ Whale Strategy: The whale likely planned this from the start—pumping $JELLY’s price, dumping it to crash the market, and then rebuying at a deep discount to trigger a short squeeze.

2️⃣ HLP’s Vulnerability: Hyperliquid’s liquidity pool took a massive $12M hit, exposing how even algorithmic liquidity providers can be exploited.

3️⃣ Exchange Response: Hyperliquid’s decision to delist $JELLY and force-close positions at $0.0095 looks suspicious. The $700K profit they made suggests they might have acted in self-interest rather than trader protection.

4️⃣ Trader Risks: This situation highlights how low-cap tokens are prime targets for manipulation. It also reinforces concerns about centralized exchanges having too much control over listings and liquidations.

If you were holding $JELLY or trading it on Hyperliquid, how are you feeling about this?#JELLEYJELLEYFuturesAlert