Gavin Baker says we need to pack diapers for April 2nd.

Massive drama going down on Hyperliquid involving $JELLY 

A trader opened a massive $6M short position on JellyJelly (a small coin, ~$20M mcap at the time).

This trader deliberately self-liquidated by pumping JellyJelly’s price on-chain. Essentially forcing himself out of the trade.

Hyperliquid was left holding the toxic short position, currently at a massive loss (-$10M+ PnL).

JellyJelly pumped from ~$10M market cap to $50M+ in under an hour due to the forced squeeze.

Hyperliquid could face full liquidation if JellyJelly reaches $150M mcap (currently ~3x away).

Market is watching closely, genuinely wild scenario unfolding live

binance

@binance