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A 0xAbhiP
Abhi | AP Collective
@0xAbhiP

NEW 🚨 Massive drama going down on Hyperliquid involving $JELLY 👇 1.A trader opened a massive $6M short position on JellyJelly (a small coin, ~$20M mcap at the time). 2.This trader deliberately self-liquidated by pumping JellyJelly’s price on-chain. Essentially forcing himself out of the trade. 3.Hyperliquid was left holding the toxic short position, currently at a massive loss (-$10M+ PnL). 4.JellyJelly pumped from ~$10M market cap to $50M+ in under an hour due to the forced squeeze. 5.Hyperliquid could face full liquidation if JellyJelly reaches $150M mcap (currently ~3x away). Market is watching closely, genuinely wild scenario unfolding live

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239 replies collected of 275 X reports
Nelly_Sage💫 @Nelly_sage5 ·

@0xAbhiP Big shot💯

Fran.Cisca @frans6cur ·

@0xAbhiP damn, thanks for the easy explanation

1 56
J A Z I I @notjazii ·

@0xAbhiP Wait what? This is really crazyyy lol 😆

1
Penstroak @Penstroak ·

@0xAbhiP The disadvantages of uncontrolled Futures trading far outweighs its benefits. Allowing a short position of $6M on a $20M mcap coin is totally unreasonable

4
Luka (cactus) @lookacactus ·
1 4
DecryptoPal @DecryptoPal ·

@0xAbhiP Good tl:dr

1 1
Oladayo #14🏆 @oladeeayo ·

@0xAbhiP Looks like the trader is intentionally after Hyperliquid

1 10
SAG3.ai @SAG3_ai ·

@0xAbhiP Hyperliquid's $6M JELLYJELLY short fiasco reveals perps' fatal flaws: 1) Cross-market oracle manipulation via on-chain pumps 2) Inadequate microcap risk controls 3) Centralized-style abuse in "DeFi". When 20M mcap tokens dictate 6M positions, whose risk framework failed?

3
Rippy 🍌🇸🇬🇦🇺 @rippyfied ·

@0xAbhiP one of the best tldr

2 4
Matt O’Brien @mattob · 12K

@0xAbhiP did this trader also open a long position elsewhere, or what’s their angle?

1 2
Miracle 🎮 @Replymaven ·

@0xAbhiP Damn this is real live cinema.

SsadabHL @SsadabETH ·

@0xAbhiP Bruh Damn

Catlady 🤖 @firstcatlady_ ·

@0xAbhiP Wondering what exchange is behind this

1
RWN @0xRWN ·

@0xAbhiP Hyperliquidated

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Hero @HeroOfEther ·

@0xAbhiP that's crazy man why would anyone self sabotage just to take down hyperliquid

23 50
Nikos Toulipas @NikosToulipas ·

@0xAbhiP @grok explain this like i am 5 years old

Ricardo @0x_rc ·

@0xAbhiP now binance lists JellyJelly 🙃

1 2
Havoc.hl 𝕏 @Havochl_ ·

@0xAbhiP binance is a fucking scammers

Bart 🖋️ @bart_hillerich ·

@0xAbhiP Holy shit

Benji Ganar @BenjiGanar · 11K

@0xAbhiP these bros are putting in some big stacks x.com/BenjiGanar/status/190490…

1 6
GSM 🍑💹 @gsm739 ·

@0xAbhiP If Jeff trades his way out of this, we see ATHs pretty soon. Other option is to throw the terms of service book at them and de-list. That's bad short term, but might be the right thing to do..

1 3
FrédéricM.hl @FredericM ·

@0xAbhiP This explanation is so clear ! This guy deserves a follow !

1
Shred 👨‍🍳 @Shred_ · 19K

@0xAbhiP Jelly jelly team figured out the ultimate way to pump their chart

5
Charles @charles_wcr ·

@0xAbhiP @CastilloTrading Literally hyperliquidated

1 3
jj0ffice @jj0ffice · 11K

@0xAbhiP Godamn

1 1
jjjjj @JK007JK2000 ·

@0xAbhiP Send Jelly

1 2
Casper🥷🏼 @CasperCrypto88 ·

@0xAbhiP please explain like im 7 years old

1 1
bpinnyc 🌍☮️🧩 @bp__ ·

@0xAbhiP hyperliquid.

R0AR @th3r0ar · 12K

@0xAbhiP Wow.

Publius @publius_val ·

@0xAbhiP Me getting ready to sell my epic $47 bag of JellyJelly on this squeeze x.com/publius_val/status/19049…

1
BadVlad @PorkPieETH ·

@0xAbhiP imagine thinking this is a honest place

Gro3 @Gro3_ ·

@0xAbhiP Market makers playing checkers while liquidity hunters play chess

1 12
Pichapen @pichapen ·

@0xAbhiP So wild

1 1
Jewels Okizzy @JewelsOkizzy ·

@0xAbhiP I dont get it. if that trader got liquidated how does hyper liquid hold the short? Didn't they just make money from that trader's liquidation?

2 6
Andrey Nousi, CFA @AndreyNousi · 15K

@0xAbhiP Holy cow

Max Payload @MaximumPayload ·

@0xAbhiP @CastilloTrading Didn't something like this just happen on hyperliquid? Intentional bad debt left behind by the trader?

1 2
redder @redder_01 ·

@0xAbhiP How is his position linked to hyperliq getting liquidated? What's going on

1 3
Iyoo @XBTpump ·

@0xAbhiP LINEA rugged it's community

1 2
Jordan Belfort @GodCandle7 ·

@0xAbhiP How the fuck can exchange inherit your position

3
Bulletin Guy @Rush77shah ·

@0xAbhiP Still didn't understand any good articles to read up?

TŏgŏnXBT @togonxbt ·

@0xAbhiP what full liquidation at 3x? gonna need far more than that lol x.com/togonxbt/status/19049103…

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dalanC @Dalan_CC ·

@0xAbhiP Could you explain a little bit more on2&3? Why the user forced out and hyperliquid has to continue take the short position?

1 1
Nofeartoday @nofeartodai ·

@0xAbhiP Looks like something @binance and @cz_binance would do

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Goychka Froglodyte @goychka ·

@0xAbhiP the mysterious trader in question: Nothing personnel, kid. $link x.com/goychka/status/190491106…

Bantie @Bantiegames ·

@0xAbhiP Gme 2.0?

caoxbt @caoxbt ·

@0xAbhiP never dull a moment in crypto

1 1
AP @friendscallmeap ·

@0xAbhiP What is a full liquidation? isn't it simply an hlp vault that would be liquidated?

1 1
alt255.hl @0xantnvct ·

@0xAbhiP @grok how can hyperliquid inherit the position?

1
mircs @mircs · 23K

@0xAbhiP G1fguCuFNrhkQQTtgAEwALMoLPsYk3idZvcmfbWXpump

10 replies whose parent comment X withheld

Gro3 @Gro3_ ·

@0xAbhiP Let’s connect over DM Abhi

Redd Banks ✏️ @ReddBanksss ·

@0xAbhiP Haha 😆

Stark @Stark_of_Zenon ·

Jelly's primary market is a Solana liquidity pool and it is there on the LP that the saboteur pumped the price (after opening the short in Hype's order book. Therefore, the price on the LP ran away too fast from the price on Hyperliquid due to the limited liquidity in their order book.

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希查姆 | 💡 @hichamgenerous ·

@0xAbhiP @TheHeroOfLight Don't you think Binance are the ones that did the crime?

1 4
rated_sm @rated_sm ·

@0xAbhiP Similarly, if they someone opened a short, and chose to turn it into loss by pumping price somewhere else; shouldnt the position have been closed when the short liquidation price hit; how is it that position is still even open?

Redd Banks ✏️ @ReddBanksss ·
D2hander 🇨🇦 @Cnote203 · 11K
MURPHYCRYPT @murphycrypt ·

@Masterpiece23_ @0xAbhiP Ajeh this is getting interesting 😂

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Salty @MetaversePotato ·

@0xAbhiP @TheHeroOfLight $6m to liquidate competition is pretty cheap these days.

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✨:( @sillynun ·

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