#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
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