#JELLYJELLYFuturesAlert 🚨 Whale Dumps $JELLY: $12M HLP Loss & Hyperliquid Delisting Shock

A whale offloaded $4.85M in $JELLY, triggering a $12M hit to Hyperliquid’s HLP. In response, Hyperliquid delisted $JELLY—but what really went down? Here’s the full breakdown.

💥 The $JELLY Crash: What Happened?

A massive pump-and-dump sent shockwaves through the market, leaving liquidity providers in turmoil. Here’s how it played out:

1️⃣ Whale Sell-Off – A holder dumped 124.6M $JELLY ($4.85M), tanking the price.

2️⃣ HLP Gets Wrecked – Hyperliquid’s HLP was forced into a short position, racking up $12M in losses.

3️⃣ Whale Buys Back Cheap – After driving prices down, the whale rebought at the bottom, setting up a short squeeze.

4️⃣ Hyperliquid’s Response – The exchange delisted $JELLY, closing all positions at $0.0095—securing itself a $700K profit in the process.

📌 Key Takeaways for Traders

🔹 Market Manipulation is Real – Even institutional-grade LPs can get caught in whale strategies.

🔹 Exchange Trust Issues – Hyperliquid’s sudden delisting raises serious concerns about trader protection.

🔹 DYOR is Critical – Low-cap tokens like $JELLY are prime targets for volatility and manipulation.

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