According to Lookonchain, the funds used to open $JELLY positions and execute an attack on Hyperliquid were sourced from withdrawals made at OKX and Binance. This strategic movement of funds highlights the importance of tracking transaction origins for assessing market manipulations, which can significantly impact trading strategies.

According to Lookonchain, funds used to open $JELLY(jellyjelly) positions and execute an attack on #Hyperliquid were traced back to withdrawals from major exchanges #OKX and #Binance.

According to Lookonchain, Hyperliquid liquidated 392 million $JELLY, equivalent to $3.72 million, at a price of $0.0095 per token, resulting in a profit of $703,000 without incurring any losses. Subsequently, Hyperliquid delisted the $JELLY token, indicating a strategic move post-liquidation.

According to Lookonchain, Hyperliquid executed the liquidation of 392 million $JELLY tokens valued at $3.72 million at a price of $0.0095, resulting in a profit of $703,000 without incurring any losses. Following this transaction, Hyperliquid proceeded to delist the $JELLY token from its platform, indicating a strategic move that may affect trading volumes and liquidity for $JELLY. (Source: Lookonchain)

According to @EmberCN, Hyperliquid has closed a massive short position of 392 million $JELLY tokens at a price of $0.0095. This position was related to the address 0xde9...c91, which initially opened the short at this price. Currently, the price of $JELLY is $0.025, indicating a strategic decision to exit the position at a lower price point. This move is significant for traders monitoring $JELLY's market dynamics.

According to @EmberCN, there is a significant interest in the potential impact of $JELLY on Hyperliquid's HLP vault. However, the risk is predominantly limited to the liquidation address handling the $JELLY short position. This address holds $50 million and is currently managing a short position of 398 million $JELLY with a liquidation price of $0.141. The risk does not extend to the other two strategy addresses of the HLP vault.

According to EmberCN, a user has exploited Hyperliquid's margin management system by withdrawing collateral, causing Hyperliquid to take over liquidated positions. This manipulation involved offloading 398 million $JELLY short positions onto Hyperliquid, resulting in substantial unrealized losses for the Hyperliquid HLP vault.

According to Lookonchain, a whale with 124.6M $JELLY ($4.85M) is manipulating the $JELLY market, causing Hyperliquidity Provider (HLP) to face a $12M loss. The whale initially dumped $JELLY, crashing the market and leaving HLP with a passive short position of 398M $JELLY ($15.3M).

According to Lookonchain, Hyperliquidity Provider (HLP) experienced a loss of approximately $12 million in the last 24 hours due to a market squeeze. The wallet 0xde95 shorted $JELLY on the HyperliquidX platform and subsequently removed the margin, which led HLP to passively liquidate $4.5 million in short positions. Moreover, a newly created wallet, 0x20e8, opened a long position, further impacting the market dynamics. This incident underscores the risks associated with liquidity provision and short positions during volatile trading periods.

According to Lookonchain, Hyperliquidity Provider (HLP) incurred a loss of approximately $12 million in the last 24 hours due to a market squeeze involving $JELLY on HyperliquidX. The user '0xde95' initiated short positions and withdrew the margin, leading to HLP's passive liquidation of $4.5 million in short positions. Concurrently, a new wallet '0x20e8' opened a long position, influencing the market dynamics significantly.

According to @EmberCN, a trader closed a short position and withdrew 1.666 million USDC, converting it to 815 ETH, which was transferred to their main wallet (0x51d...921). The trader left 160,000 USDC on Hyperliquid and used 46,000 USDC to open a 3x leveraged position on $JELLY.