PANews reported on March 27 that according to defillama data, affected by the $JELLYJELLY token liquidation event on the Hyperliquid platform, the platform experienced a massive USDC net outflow, with a single-day net outflow of up to $184 million, causing the protocol's TVL to drop from $2.217 billion to $2.026 billion.

Related reading: Hyperliquid Suffers Another Flash Snipe, a Dramatic Life-or-Death Scenario in 2 Hours, with No Winners in the Top Exchange Hunting Ground