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A massive whale with 124.6M $JELLY($4.85M) is manipulating the price of $JELLY(jellyjelly) to make Hyperliquidity Provider (HLP) face a loss of $12M!
He first dumped $JELLY, crashing the price and leaving HLP with a passive short position of 398M $JELLY($15.3M).
Then he bought $JELLY back, driving the price up—causing HLP to suffer a loss of nearly $12M.
Address:
26.3.2025
The crazy squeeze caused Hyperliquidity Provider (HLP) to lose ~$12M in the past 24 hours!
0xde95 shorted $JELLY on @HyperliquidX and removed the margin, causing HLP to passively liquidate $4.5M short positions.
A newly created wallet "0x20e8" opened a long position on @HyperliquidX, and the current unrealized profit is over $8.2M!
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