🚀 **Crypto Drama: HyperLiquid's TVL Plummets Amid Controversy** 🚀

- HyperLiquid, a decentralized derivatives exchange, saw its Total Value Locked (TVL) drop from $540M to $150M after a token manipulation exploit.

- The exploit involved shorting JELLY tokens and manipulating prices, leading to a forced liquidation and a controversial market closure.

- Concerns arose over HyperLiquid's decentralization claims, sparking debates on social media.

- Despite the turmoil, trading volume remains robust, but the native token HYPE has lost 60% of its value.

What are your thoughts on decentralization in crypto? Share below! 👇