A JELLY whale holding 126 million coins is manipulating the price of coins, causing HLP to lose nearly $12 million
On March 26th, according to Lookonchain monitoring, a whale holding 126 million JELLY coins is manipulating the coin price. The address first sold JELLY to make the price plummet, allowing HLP to have a passive short position of 398 million JELLY (equivalent to about 15.3 million USD). Then the address bought back JELLY, pushing up the price, causing HLP to lose nearly 12 million USD.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CandyBomb x UAI: Trade futures to share 200,000 UAI!
New spot margin trading pair — KITE/USDT, MMT/USDT!
STABLEUSDT now launched for pre-market futures trading
The transaction fees for Bitget stock futures will be adjusted to 0.0065%
