#DiversifyYourAssets Major players continue to manipulate HyperLiquid , a decentralized derivatives trading platform.

One of the whales opened a short of 400 million JELLY tokens (40% of the total supply), then withdrew the collateral and liquidated his position himself, opening a large long .

As a result, HyperLiquid automatically closed the short by buying back the tokens at a higher price, which resulted in a floating loss of about $10 million. After that, the JELLY pump began with the goal of liquidating HyperLiquid's position worth over $200 million. For this to happen, the price had to rise to $0.17 (at the peak it was $0.06) .

Additionally, Binance and OKX announced the listing of JELLY on futures. HyperLiquid closed the short with a profit of $700,000 and stopped trading the token . The manipulation failed, but the attempt was impressive.

The exchange also announced that it would compensate users for losses, with the exception of suspicious addresses.