🚀 HyperLiquid's rollercoaster ride! Just two months ago, its TVL hit a record $540M, but now it's down to $150M. What happened? A crafty exploit involving JELLY token manipulation raised eyebrows about decentralization. 🤔

The exploit wasn't just a fluke; it exposed unpriced vega risk, as noted by Oak Security's Jan Philipp Fritsche. HyperLiquid's response? An on-chain validator voting system to boost decentralization.

Despite the drama, trading volume remains strong, but HYPE token isn't keeping up, dropping 60% in value. What are your thoughts on HyperLiquid's future? Share below!