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A 126 million JELLY whale is currently manipulating the token price, resulting in HLP losing nearly $12 million.

3 days ago

On March 26th, as per the monitoring of LookOnChain, a whale holding 126 million JELLY tokens (jellyjelly) is engaged in price manipulation of the coin. The address first initiated the selling of JELLY to cause a price crash, enabling HLP to acquire a passive short position of 398 million JELLY (approximately $15.3 million). Subsequently, the address purchased back JELLY, which led to a rise in the price and caused HLP to lose nearly $12 million.
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