#WYSTStablecoin

What's going on with JELLY and Hyperliquid? CEX is engaging in some shady practices. Whale 0x20e8 shorted JELLY (40% of the supply), then drove the price up significantly with a long position. Hyperliquid was forced to automatically close the short position at a loss ($10-12 million). The community joined the pumping campaign, aiming to liquidate Hyperliquid's $240 million wallet at $0.17 (now around $0.037). ZachXBT stated that the wallet was funded via Binance - then deleted the post. HYPE fell 16%, and the whale's value rose by $8.2 million. Hyperliquid suspended trading of JELLY after it was listed on Binance and OKX. Chaotic? Ver