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.
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