According to Blockchain analysts, a cryptographic whale that allegedly manipulated the jelly prize of my jelly (jelly) on the decentralized replacement of Hyperliquid, still has a token worth almost $ 2 million, according to blockchain analysts.
An unidentified whale reached at least $ 6.26 million of profit, using the parameters of liquidation on hyperlików.
According to the posthumous report of Blockchain Intelligence Arkham, the whale opened three vast trade stations within five minutes: two long positions worth $ 2.15 million and $ 1.9 million and a miniature position worth $ 4.1 million, which will effectively compensate for the long.
Source: Arkham
When the price of jelly increased by 400%, a miniature item worth $ 4 million was not immediately liquidated due to its size. Instead, it was absorbed in the vault of hyperlicanity supplier (HLP), which was designed to eliminate vast positions.
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In more disturbing apparitions, the unit may still have the supply of a token worth almost $ 2 million, according to the Blockchain Zachxbt researcher.
“Five addresses related to the unit that manipulated the jelly on the hyperlik, still have ~ 10% supply of jelly on salting (USD 1.9 million). All jellies were purchased from March 22, 2025,” wrote on March 26 on March 26.
The entity still sells tokens, despite the freezing of hyperliquid and removal of memecoin, citing “evidence of suspicious market activity” with the participation of commercial instruments.
The fall of Jelly Token is the latest series of Memecoin scandals and confidential programs that want to employ Hype Investor.
Source: Bubblemaps
Exploit took place only two weeks after the Wolf inspired by Wall Street Memecoin-Urchomomed by the official co-creator of the tokena Melania (Melania) and Libra (Libra) Hayden Davis-got over 99% after starting with 80% confidential delivery.
Wolf/SOL, market capitalization, 1-hour chart. Source: DexScreener
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Lessons with Meltdown Memecoin: “Hype without foundations”
“The jelly incident is a clear reminder that noise without foundations does not continue,” according to Alvin Kan, the operational director at Bitget Wallet.
“In DEFI, the shoot can attract short -term attention, but it does not build balanced platforms,” said Kan Cointelegraph, adding:
“Projects based on speculation, not utility, will still be exposed – especially on the market where capital moves quickly and ruthlessly.”
While the hyperlic reaction exerts miniature -term damage, it raises further questions about decentralization, because similar interventions “blur the border between a decentralized ethos and centralized control.”
Hyper Foundation, Hyperliquid Ecosystem Nonfit, “automatically” will return the most affected users of incident related losses, except for the addresses belonging to the reader.
https://www.youtube.com/watch?v=3Deyenench-2is
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