#JELLYJELLYFuturesAlert A crypto whale holding **124.6M $JE

#JELLYJELLYFuturesAlert A 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**, closing all positions at **$0.0095**—locking in a **$700K profit** for themselves.  
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## **📌 Key Takeaways:**  
🔹 **Market Manipulation Risk** – Even HLP (liquidity providers) aren’t safe from whale moves.  
🔹 **Exchange Vulnerabilities** – Hyperliquid’s sudden delisting raises questions about trader protection.  
🔹 **DYOR is Crucial** – Low-cap tokens like $JELLY can be prime targets for manipulation.  
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## **👑 Key Opinion Reaction**  
*"This is a brutal reminder of how fragile liquidity can be in low-cap markets. Exchanges need better safeguards against whale manipulation—traders shouldn’t be left holding the bag."* – 

#JELLYJELLYFuturesAlert