#JELLYJELLYFuturesAlert #JELLYJELLYFuturesAlert A "whale" possesses a large amount of tokens amounting to 124.6 million $JELLY worth approximately 4.85 million USD – has executed an intentional price manipulation strategy.

First, they dumped a large quantity of $JELLY onto the market. This action caused the token's price to plummet due to supply exceeding demand, especially with a token that has low liquidity like $JELLY (initially known as a memecoin with a market cap of only about 20 million USD). As the price collapsed, HLP – the automatic liquidity provision mechanism of Hyperliquid – was forced to take over a passive short position of up to 398 million $JELLY, equivalent to 15.3 million USD at that time. This happened because Hyperliquid's system is designed to ensure liquidity

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