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Zi Ya
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I wish i know this before I enter to the trade! Lesson I learned never trade random tokens!
#Binance $JELLYJELLY
Hyperliquid Delists JELLYJELLY and Compensates Traders; Binance Listing Raises Questions
In March 2025, decentralized derivatives exchange Hyperliquid made the decision to delist the $JELLYJELLY perpetual futures contract following evidence of suspicious market activity and abnormal price movements.
The action came after a sharp 200%–400% price surge that triggered large-scale liquidations among traders. Hyperliquid’s investigation concluded that the volatility was linked to potentially coordinated trading behavior, prompting the exchange to remove the contract from its platform.
To address user losses, Hyperliquid announced a compensation plan, pledging to reimburse affected traders, except for those wallets directly involved in the manipulative activity. This transparent approach was widely viewed as a responsible and commendable step in protecting market fairness.
On the same day, Binance listed the $JELLYJELLY/USDT perpetual contract, which drew attention from the trading community given the token’s prior manipulation concerns. Many traders have since suggested that Binance should review the coin’s activity closely and consider whether further investigation or protective measures are warranted to ensure user safety and maintain platform integrity.
Hyperliquid’s response has been seen as a model of accountability, while Binance’s listing timing continues to raise debate within the crypto community about due diligence and risk management in volatile or thinly traded tokens.
#Binance $JELLYJELLY
Hyperliquid Delists JELLYJELLY and Compensates Traders; Binance Listing Raises Questions
In March 2025, decentralized derivatives exchange Hyperliquid made the decision to delist the $JELLYJELLY perpetual futures contract following evidence of suspicious market activity and abnormal price movements.
The action came after a sharp 200%–400% price surge that triggered large-scale liquidations among traders. Hyperliquid’s investigation concluded that the volatility was linked to potentially coordinated trading behavior, prompting the exchange to remove the contract from its platform.
To address user losses, Hyperliquid announced a compensation plan, pledging to reimburse affected traders, except for those wallets directly involved in the manipulative activity. This transparent approach was widely viewed as a responsible and commendable step in protecting market fairness.
On the same day, Binance listed the $JELLYJELLY/USDT perpetual contract, which drew attention from the trading community given the token’s prior manipulation concerns. Many traders have since suggested that Binance should review the coin’s activity closely and consider whether further investigation or protective measures are warranted to ensure user safety and maintain platform integrity.
Hyperliquid’s response has been seen as a model of accountability, while Binance’s listing timing continues to raise debate within the crypto community about due diligence and risk management in volatile or thinly traded tokens.
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