Data: A whale holding 126 million JELLY is manipulating the coin price, causing HLP to lose nearly 12 million dollars

ChainCatcher news, according to Lookonchain monitoring, a whale holding 126 million JELLY (jellyjelly) is manipulating the coin price.

The address first sold JELLY, causing a price crash, which allowed HLP to have a passive short position of 398 million JELLY (approximately 15.3 million USD).

Then the address bought back JELLY, driving up the price, resulting in HLP losing nearly 12 million USD.