Hyperliquid’s HLP vault, an automated market maker linked to its liquidation engine, temporarily recorded $13.5 million in unrealized losses due to the price manipulation

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Hyperliquid’s HLP vault, an automated market maker linked to its liquidation engine, temporarily recorded $13.5 million in unrealized losses due to the price manipulation

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HyperLiquid's native token (HYPE) fell by 20% after HLP's unrealized PNL temporarily stood at negative $13.5 million
Hyperliquidity Provider (HLP), a market making vault that is a part of derivatives exchange HyperLiquid, faced a grueling loss after a trader allegedly manipulated the price of the JELLY token

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