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A 126 million JELLY whale is manipulating the price of the currency, causing HLP to lose nearly 12 million dollars

On March 26th, according to Lookonchain monitoring, a whale holding 126 million JELLY (jellyjelly) is manipulating the price of the currency. The address first sold JELLY to plunge the price, leaving HLP with a passive short position of 398 million JELLY (about $15.30 million). Then the address bought back JELLY, pushing up the price, causing HLP to lose nearly 12 million dollars.