The encryption whale, which has been allegedly dealt with the Jelly Jelly (Geely) award, is still the decentralized height that still has approximately $ 2 million of the distinctive symbol, according to Blockchain analysts.
Anonymous whale He achieved at least 6.26 million dollars of profits by exploiting the liquidation parameters at the liquid.
According to the post -death report by Blockchain Intelligence Arkham, the whale opened three large trading positions within five minutes: two long situations worth $ 2.15 million and $ 1.9 million, and a short position of $ 4.1 million Effectively compensates the phase.
source: Arkham
When the price of the gel increased by 400 %, the short center of 4 million dollars was not filtered immediately due to its size. Instead, it was absorbed into the Vault fault (HLP), designed to liquidate large places.
Related to: Polymarket audits face more than $ 7 million
In more disturbing revelation, the entity may still carry approximately $ 2 million of the distinctive symbol supply, according to Blockchain Zachxbt.
“There are still five addresses related to the entity that dealt with the gel on excessive liquid, still retains 10 % of the gel supply on Solana ($ 1.9 million+). All gels have been bought since March 22, 2025,” written in the Telegram post on March 26.
The entity continues to sell symbols though Freeze and radiation of liquid and alcoholQuoting “evidence of suspicious market activity”, which includes trading tools.
The Jelly Token’s collapse is the latest in a series of Memecoin scandals and internal plans looking to take advantage of the invested noise.
source: bubblemaps
The exploitation occurred just two weeks after the Memikoin wolf inspired by Wall Street-which I launched Memi Mimia (Melania) The distinguished Libra (Libra) Hayden Davis-shattered more than 99 % after its launch with 80 % internal supplies.
Wolf/Sol, Market Cover, One Hour Planner. source: Dexscreener
Related to: Trump’s Polymarket whale raises the possibility of manipulation
Lessons from the collapse of Jelly Mimikoen: “noise without basics”
“The gel incident is a clear reminder that noise without essentials does not last,” according to two thousand, the chief operating official of Bitget Wallet.
“In Defi, the momentum can pay a short -term attention, but it does not build sustainable platforms,” Kan told Cointelegraph, adding:
“The projects built on speculation, not the benefit, will continue to be exposed – especially in the market where the capital is moving quickly and without liberalization.”
While the excessive response response that was launched in the short term, it raises more questions about decentralization, as similar interventions “cleansing the separation line between decentralized ethics and central control.”
Hyper Foundation, non -profit on the ecological system in Hyperliquid, will compensate for “most users automatically” for the losses related to the accident, with the exception of addresses that belong to the exploiter.
https://www.youtube.com/watch?
magazine: Memecoins is DED – but Solana ‘100x is better “despite the decrease in revenues
