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Hyperliquid delists JELLY perps, citing ‘suspicious’ activity

  • Hyperliquid is delisting perpetual futures tied to the JELLY token due to suspicious market activity.
  • The Hyper Foundation will reimburse most affected users for any losses related to the incident.
  • Hyperliquid's primary liquidity pool, HLP, has generated a net income of $700,000 in the past 24 hours.
  • This incident highlights the growing pains of Hyperliquid, a popular platform for leveraged perpetual trading.

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