在 Hyperliquid 退市和市场操纵影响下，币安和 OKX 上架了 JELLY 期货

由于 Hyperliquid 上的市场操纵事件导致 JELLY 价格上涨 400% 以上，币安和 OKX 利用这一波动上架了 JELLY 期货，而 Hyperliquid 则因面临对中心化担忧的强烈反对，下架了该代币的合约。

在最近 Hyperliquid (HYPE) 发生涉及 Jelly Jelly (JELLY) 代币的市场操纵事件后，衍生品交易所决定下架 JELLY 并向受影响的用户进行补偿。不久之后，币安上架了 JELLY 期货，随后 OKX 也上架了。

此举很可能是为了抓住代币极端价格波动带来的机会，这使其对投机交易极具吸引力。3 月 26 日，JELLY 的价格从 0.0095 美元左右（剥头皮者开仓空头头寸时）飙升至 0.050 美元的高位，涨幅约为 426%。鉴于高波动性推动交易量，两家交易所都将从 JELLY 永续合约的交易费中获利颇丰。

然而，一些人认为币安和 OKX 的举动不仅仅是为了从费用中获取潜在利润，也是为了消灭竞争对手。一位用户甚至称这是“纯粹试图埋葬竞争对手的举动”，并将其与币安在 FTX 倒闭中所扮演的角色进行了比较，并补充说这“改写了 FTX 的历史”。

有趣的是，区块链调查员 ZachXBT 指出，与操纵 0x20e8 和 0x67f 相关的两个账户都是通过币安资助的。

与此同时，根据 CoinGecko 的数据，JELLY 的价格已回落至 0.020 美元。

操纵事件

据 Arkham Intelligence 称，涉案交易员开设了三个账户：两个账户持有价值 215 万美元和 190 万美元的多头头寸，第三个账户持有价值 410 万美元的空头头寸，有效抵消了多头头寸。总额为 717 万美元。

Then, the trader aggressively bought JELLY on decentralized exchanges. Since liquidity on DEXes is low, their buying activity quickly drove JELLY price up. After the token’s price increased by over 400%, the $4.1 million short position was supposed to be liquidated. However, the liquidation was too large to be executed immediately, so it was transferred to HyperLiquid’s automated market-making vault, the Hyperliquidity Provider. At the same time, the trader quickly withdrew funds from their other two accounts with unrealized profit from the JELLY 400%+ price increase as a result of their DEX buying activity. According to Arkham, the trader managed to withdraw $6.26 million, with ~$900K still remaining in the accounts.

At this point, HyperLiquid caught on to what was happening and restricted the trader’s accounts to reduce-only mode, freezing their ability to withdraw funds. With withdrawals blocked, the trader then started selling JELLY on the market.

This selling helped them recover some of the funds, but it didn’t fully salvage their position because HyperLiquid then closed the market at $0.0095, the same price at which they opened their short trade. As a result, all floating PnL on the first two accounts were wiped.

According to Abhi, founder of Web3 company AP Collective, said that if Hyperliquid didn’t close the position, it would’ve faced full liquidation if JELLY reached $150M market cap.

After the incident, Hyperliquid’s decided to delist JELLY perpetuals. The decision was made by a consensus between Hyperliquid’s validators, sparking outrage from crypto community due to centralization concerns. Arthur Hayer said that HyperLiquid clearly wasn’t able to handle the situation with JELLY and that it’s time to stop pretending that HyperLiquid is a decentralized platform.

Echoing his sentiment, Bitget CEO Gracy Chen commented:

“The decision to close the $JELLY market and force settlement of positions at a favorable price sets a dangerous precedent,” Chen said. “Trust—not capital—is the foundation of any exchange […] and once lost, it’s almost impossible to recover.”