A whale holding 126 million JELLYs caused HLP to lose nearly $12 million by manipulating the price of the currency

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ODAILY
03-26
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Planet News: According to Lookonchain monitoring, a whale holding 126 million JELLY (jellyjelly) tokens is manipulating the token's price. The address first sold JELLY, causing a sharp price drop, which left HLP with a passive short position of 398 million JELLY (approximately $15.3 million). Then, the address bought back JELLY, driving up the price and causing HLP to lose nearly $12 million.

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