Hyperliquid delists JELLYJELLY memecoin amid whale manipulation fiasco
Name
Hyperliquid delists JELLYJELLY memecoin amid whale manipulation fiasco
Description
Hyperliquid delisted JELLYJELLY perpetual futures after a whale executed a manipulation strategy that led to approximately $12 million in unrealized losses for the HLP vault. The incident triggered emergency responses, drew attention from rival exchanges, and caused a sharp price drop in Hyperliquid's native token.
Publish date
Mar 26, 2025 - 9:52am
Referenced by
Hyperliquid delisted JELLY perps following market manipulation and vault losses
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All users apart from flagged addresses will be made whole from the Hyper Foundation. This will be done automatically in the coming days based on onchain data," said the team
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Within an hour or so, Binance and OKX listed perpetual futures trading for JELLYJELLY
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