#JELLYJELLYFuturesAlert Whale Dumps $JELLY: $12M HLP Loss & Hyperliquid Delisting .
🔸A whale dumped $4.85M in $JELLY, causing a $12M loss for Hyperliquid’s HLP. Then, Hyperliquid delisted $JELLY—what happened? Full breakdown inside.
💥 What Went Down with $JELLY?
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 profitfor themselves.
📌 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.
💬💤 Join the Discussion!
Was Hyperliquid’s delisting fair? Should exchanges do more to protect against whale dumps?
🗨️ Share your thoughts in the comments!