HyperLiquid Delists JELLY After Vault Squeezed in $13M Tussle

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HyperLiquid Delists JELLY After Vault Squeezed in $13M Tussle

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HyperLiquid delisted JELLY perpetuals after a trader exploited thin liquidity on DEXs to manipulate the token’s price, causing the HLP vault’s unrealized losses to reach $13.5 million. The exchange force-closed positions, prompting a 20% drop in HYPE and regulatory scrutiny.

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9:00am, Wednesday, March 26, 2025

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https://www.coindesk.com/markets/2025/03/26/hyperliquid-delists-jellyjelly-after-vault-squeezed-in-usd13m-tussle

Referenced by

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

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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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Hyperliquid delisted JELLY perps following market manipulation and vault losses

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