A whale holding 126 million JELLYs caused HLP to lose nearly $12 million by manipulating the price of the currency

Odaily News According to Lookonchain monitoring, a whale holding 126 million JELLY (jellyjelly) is manipulating the price of the currency. The address first sold JELLY to plunge the price, leaving HLP with a passive short position of 398 million JELLY (about $15.3 million). Then the address bought back JELLY, pushing up the price, causing HLP to lose nearly $12 million.