BlockBeats News, March 26th, according to LookIntoChain monitoring, a whale holding 126 million JELLY tokens is manipulating the price.
The address first sold off JELLY to crash the price, allowing HLP to acquire a passive short position of 398 million JELLY (approximately $15.3 million).
Then the address bought back JELLY, pushing up the price, resulting in HLP losing nearly $12 million.
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