A crypto whale who allegedly manipulated the prize of the Jelly my Jelly (JELLY) memecoin on decentralized exchange Hyperliquid still holds nearly $2 million worth of the token, according to blockchain analysts.
data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/hyperliquid-exploit-goes-pear-shaped-for-trader-down-1-m-arkham” rel=”null” target=”null” text=”null” title=”null”>The unidentified whale made at least $6.26 million in profit by exploiting the liquidation parameters on Hyperliquid.
According to a postmortem report by blockchain intelligence firm Arkham, the whale opened three large trading positions within five minutes: two long positions worth $2.15 million and $1.9 million, and a $4.1 million short…
