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A whale holding 126 million JELLYs caused HLP to lose nearly $12 million by manipulating the price of the currency
2025-03-26 14:36

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.