#JELLYJELLYFuturesAlert
Quick rundown on the Hyperliquid & $JELLY saga:
A whale took a huge short position on $JELLY
The price shot up, triggering a short squeeze
Hyperliquid ended up with a $12M loss
CEXs listed JELLY
Hyperliquid delisted JELLY to try to fix the situation
Now, people are calling Hyperliquid centralized and even comparing it to the future FTX 2.0. Wild times.
