$JELLY, Hyperliquid, Binance — What’s Happening Right Now: • A major short on $JELLY was opened on Hyperliquid • Price was allegedly pumped to trigger liquidation • Hyperliquid’s HLP vault took a hit, estimated losses up to $12M • Binance listed $JELLY perps shortly after the incident • Speculation flying that Binance aimed to undercut Hyperliquid • Some X users claim wallet traces point to Binance-funded addresses • Yi He reportedly gave the green light to list $JELLY • Hyperliquid responded by pausing the pair and refunding LPs • $JELLY is a Solana meme coin tied to an AI podcast app • Community sentiment leans toward conspiracy, but nothing confirmed High drama. No clear answers yet. Story still unfolding.
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