<ul><li>A whale manipulation on Hyperliquid triggered a $12M loss, leading to the delisting of JELLYJELLY token.</li><li>The listing of JELLYJELLY futures on Binance and OKX increased risks for Hyperliquid's vault.</li><li>Amid the crisis, centralized exchanges Binance and OKX joined the fray by listing JELLYJELLY futures contracts.</li><li>Concerns grow over Hyperliquid's centralization and susceptibility to manipulation by a small group of insiders.</li></ul>

Hyperliquid Delists JELLYJELLY Token After Whale Manipulation Triggers $12 Million Loss

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