#WYSTStablecoin A crypto whale holding **124.6M $JELLY (R$4.85M)** pulled off a brutal **pump-and-dump**, crushing Hyperliquid’s **Hyperliquidity Provider (HLP)** with a **R$12M loss**. Here’s how it unfolded:

1️⃣ **Whale dumps $JELLY**, crashing the price.

2️⃣ **HLP gets trapped in a short position**, taking massive losses.

3️⃣ **Whale rebuys cheap**, triggering a short squeeze.

4️⃣ **Hyperliquid suddenly delists $JELLY**, closing all positions at **R$0.0095**—locking in a **R$700K profit** for themselves.