Lookonchain|3月 26, 2025 14:27
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.
https://x.com/lookonchain/status/1904897354274312657
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