HYPE crypto by Hyperliquid faced turbulence due to a whale manipulation scandal involving JELLYJELLY.Hyperliquid delisted JELLYJELLY after a trader exploited its price, causing a $12 million unrealized loss to the Hyperliquid vault.Binance and OKX listed JELLYJELLY crypto futures shortly after its delisting by Hyperliquid.The incident raised questions about whether HYPE crypto can recover from its recent 22% drop.