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![lookonchain Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1462727797135216641.png) Lookonchain [@lookonchain](/creator/twitter/lookonchain) on x 610.8K followers
Created: 2025-03-26 14:26:40 UTC

A massive whale with 124.6M $JELLY($4.85M) is manipulating the price of $JELLY(jellyjelly) to make Hyperliquidity Provider (HLP) face a loss of $12M!

He first dumped $JELLY, crashing the price and leaving HLP with a passive short position of 398M $JELLY($15.3M).

Then he bought $JELLY back, driving the price up—causing HLP to suffer a loss of nearly $12M.


![](https://pbs.twimg.com/media/Gm-S7G-bQAAsIC-.jpg)

XXXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1904902828319269068/c:line.svg)

**Related Topics**
[jelly](/topic/jelly)
[$153m](/topic/$153m)
[$12m](/topic/$12m)
[$jellyjellyjelly](/topic/$jellyjellyjelly)
[$485m](/topic/$485m)
[$jelly](/topic/$jelly)

[Post Link](https://x.com/lookonchain/status/1904902828319269068)