#JELLYJELLYFuturesAlert

🚨 Whale Dumps $JELLY: $12M HLP Loss and Hyperliquid Delisting Shock

A whale offloaded $4.85 million worth of $JELLY, resulting in a $12 million loss for Hyperliquid’s HLP. In response, Hyperliquid delisted $JELLY—but what really happened? Here’s the full story:

💥 The $JELLY Crash: What Went Down?

A sudden pump-and-dump rocked the market, leaving liquidity providers reeling. Here’s how events unfolded:

1️⃣ Whale Sell-Off – A whale dumped 124.6 million $JELLY (worth $4.85M), causing the price to plummet.

2️⃣ HLP Hit Hard – Hyperliquid’s HLP was forced into a short position, resulting in $12M in losses.

3️⃣ Whale Buys Back – After driving prices down, the whale repurchased $JELLY at the bottom, triggering a short squeeze.

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

📌 Key Takeaways for Traders

🔹 Market Manipulation is Real – Even sophisticated liquidity providers can fall victim to whale strategies.

🔹 Exchange Trust Concerns – Hyperliquid’s abrupt delisting raises questions about trader protection.

🔹 DYOR is Essential – Low-cap tokens like $JELLY are particularly vulnerable to volatility and manipulation.