#JELLYJELLYFuturesAlert

🚨 Whale Dumps $JELLY: $12M Loss for HLP & Hyperliquid Delisting Shocker

A large investor (whale) sold $4.85 million worth of $JELLY, leading to a $12 million loss for Hyperliquid’s HLP. Shortly after, Hyperliquid delisted $JELLY—but what really happened? Here’s a full breakdown.

💥 What Happened to $JELLY?

A whale holding 124.6 million $JELLY ($4.85M) executed a pump-and-dump strategy, disrupting liquidity and causing significant losses for Hyperliquid’s HLP. Here’s how it unfolded:

1️⃣ Massive Whale Sell-Off – The whale dumped a huge amount of $JELLY, crashing its price.

2️⃣ HLP Suffers Heavy Losses – Hyperliquid’s HLP was forced into a short position, resulting in a $12M loss.

3️⃣ Whale Buys Back Cheap – After crashing the price, the whale bought back at a lower price, causing a short squeeze.

4️⃣ Hyperliquid’s Response – The exchange delisted $JELLY, liquidating all positions at $0.0095, securing a $700K profit for themselves.

📌 What This Means for Traders

🔹 Market Manipulation is Real – Even major liquidity providers like HLP can fall victim to whale tactics.

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

🔹 DYOR (Do Your Own Research) is Critical – Low-cap tokens like $JELLY are especially vulnerable to manipulation.