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A 126 million JELLY whale is manipulating the price, causing HLP to lose nearly $12 million.

2025-03-26 22:30

BlockBeats News, March 26th, according to LookIntoChain monitoring, a whale holding 126 million JELLY tokens is manipulating the price.


The address first sold off JELLY to crash the price, allowing HLP to acquire a passive short position of 398 million JELLY (approximately $15.3 million).


Then the address bought back JELLY, pushing up the price, resulting in HLP losing nearly $12 million.

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