Hyperliquid ditches JELLYJELLY, profits $700K as whale’s gambit backfires

Home / News / Hyperliquid ditches JELLYJELLY, profits $700K as whale’s gambit backfires

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Avoid excessive fluid with a loss of $ 12 million in what appears to be a symbolic manipulation of my generation.
Fears were raised about the mechanism of Hyperlelibs and associated risks.

The excessive satirical Jellyjelly after a brief spray was sent a mysterious whale in the dark whale whale shock waves during the stock exchange, which led to the sinking of the HLP cellar with a loss of $ 12 million within minutes.

After evidence of the suspicious market activity, the audit group and a voice was held to delete the generous grace.

All users will be made regardless of the fully marked addresses of Fyled Foundation. This will be done automatically in the coming days based on Onchain data. nothing …

Hyperleliid (Hyperliquidx) March 26, 2025

The situation started earlier today when it is a merchant to open A short center worth $ 8 million on Jellyjelly, a low -low code of about $ 20 million at the time, according to the data Trace Written by Abhishek Bawa, the founder of the mass AP. The trader then deliberately removed the margin, forcing the excessive liquidity cellar (HLP) to inherit and reject the huge short position.

The trader claims that the symbols bought the symbols Jellyjelly elsewhere, pumping the price of the distinctive symbol on the chain, which prompted it up and forced its position to filter.

The liquidated Vauult absorbed the remaining short mode, which was about $ 12 million, an unrealized loss with the continued increase in the price of Jellyjelly. The market value of the Token was about $ 50 million before deletion.

Take advantage of the treated short pressure and the forced liquidation of the liquid, a newly created wallet that begins with “0x20E8“Open a long site on Jellyjelly. With the price height, the trader quickly got more than $ 8 million of profits.

At that time, if the price of Jellyjelly continues to rise and reach the maximum market of $ 150 million, VAULT HYPERLELILICUID’s VAULT faces full filtering. These concerns have escalated like Binance and OKX Declare They included the distinctive symbol on the futures markets.

After these ads, excessive trading in Jellyjelly stops. The stock exchange later confirmed the removal of the distinctive symbol on X.

Ultimately, Hyperleiid settled 392 million jelly at $ 0.0095, and got a profit worth $ 703,000 without any losses, according to Lookonchain.

HyperLiID 392m Jelly $($ 3.72 million) at $ 0.0095, to make a profit of 703 thousand dollars without any loss.

then #Herliquid to cross out Jelly $(Jellyjelly).https://t.co/zbnp6ujtga pic.twitter.com/6bsms7oxx

– Lookonchain (@swearonchain) March 26, 2025