A trader "opened a massive $6M short position on JellyJelly" and then "deliberately self-liquidated by pumping JellyJelly’s price on-chain
Quote
Authors
Alex O’Donnell
Related projects
Hyperliquid
Sources
Hyperliquid delists JELLY perps, citing ‘suspicious’ activity
Referenced by
A trader manipulated the JELLY market by opening a $6 million short position on Hyperliquid, then driving the token price up on DEXs, triggering liquidation and forcing the HLP vault to absorb $13.5 million in losses
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