The trader then aggressively bought JELLY on spot exchanges, pushing the price up and temporarily causing HLP's unrealized loss to stand at $13.5 million
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Authors
Oliver Knight
Related projects
Hyperliquid
Sources
HyperLiquid Delists JELLY After Vault Squeezed in $13M Tussle
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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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