Hyperliquid’s USDC reserves dropped from $2.58B to $2.02B after the JELLY controversy.
HYPE token fell 10% in 24 hours, with trading volume surging 443%.
Bitget CEO called Hyperliquid’s actions “unethical and unprofessional,” likening it to FTX.
Hyperliquid is grappling with over $340 million in USDC outflows following the fallout from the JELLY token controversy. The platform, which delisted JELLY after a suspected market manipulation event, now faces scrutiny over its handling of the crisis.
After evidence of suspicious market activity, the validator set convened and voted to delist JELLY perps.
All users apart from flagged addresses will be made whole from the Hyper Foundation. This will be done automatically in the coming days based on onchain data. There is no…
— Hyperliquid (@HyperliquidX) March 26, 2025
Meanwhile, Hyperliquid’s native token, HYPE, has dropped 10% in 24 hours, and market volatility has intensified.
JELLY Manipulation Sparks Mass
We współpracy z: https://thenewscrypto.com/hype-token-drops-10-as-hyperliquid-struggles-with-market-backlash/
