Blockchain News

Smart Crypto Move: Hyperliquid Bags Massive $700K Profit from JELLY Short Position

In the fast-paced world of cryptocurrency, strategic maneuvers can lead to significant gains, even amidst challenging situations. Recently, Hyperliquid, a prominent decentralized exchange, demonstrated exactly that. After a turbulent period involving the delisting of JELLYJELLY (JELLY), Hyperliquid’s Liquidity Provider (HLP) liquidation address executed a calculated closure of a substantial 390 million JELLY short position. This […]