Hyperliquid’s native token HYPE dropped by up to 22% during the JELLY manipulation event

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Hyperliquid's native token dropped as much as 22% during the incident, according to The Block's HYPE price data, but pared some of those losses to trade down about 10% at publication time

HyperLiquid's native token (HYPE) fell by 20% after HLP's unrealized PNL temporarily stood at negative $13.5 million

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