<ul><li>A trader on Hyperliquid lost nearly $1 million after attempting to manipulate the market for Hyperliquid and JELLY token.</li><li>Hyperliquid intervened and shut down trading for JELLY memecoin at $0.0095 to prevent a potential platform loss of $240 million.</li><li>Trading volume increased by 443%, causing the HYPE token to drop 10% and reflecting market uncertainty.</li><li>Hyperliquid's treasury took a short position of $5 million, resulting in losses of $10.63 million as the price of JELLY token rose.</li></ul>

Hyperliquid (HYPE) Trader Loses $1 Million After Failed Market Manipulation

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