#JELLYJELLYFuturesAlert A whale manipulated the JELLYJELLY token, opening a short position worth 6 million dollars, which led to the liquidation of the position. This forced the HLP fund to inherit a large position, generating unrealized losses exceeding 10 million dollars.

The Hyperliquid staff intervened in the process:

- Proceeded to cancel the quote of the JELLYJELLY token,

- Closed the position forcibly at a favorable price,

- Led the situation to a profit of 700 thousand dollars.

In Hyperliquid's statement, they claimed that this is a clear exploitation of a vulnerability, and that the team's actions aim to protect the users of the platform.