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On March 27, 2025, the cryptocurrency world was rocked by controversy as Hyperliquid, a decentralized exchange (DEX), found itself at the center of a storm involving the JELLY token. What began as a seemingly routine market event has spiraled into a scandal drawing comparisons to the infamous FTX collapse of 2022, with critics labeling Hyperliquid’s actions as a potential harbinger of “FTX 2.0.” The JELLY Token Fiasco Unfolds The trouble started when JELLY, a Solana-based meme coin, experienced a staggering 429% price surge on Hyperliquid’s perpetual futures market within hours on March 26. This dramatic pump, driven by coordinated whale activity, pushed the token’s market cap from $10 million to over $50 million, putting immense pressure on Hyperliquid’s liquidity vault (HLP). Reports estimate the vault suffered losses of $10-$20 million as leveraged short positions were squeezed. In response, Hyperliquid’s validators only eight in total voted to delist JELLY perpetual futures, citing “suspicious market activity.” The platform forcibly closed all positions and promised reimbursements for unaffected users. However, this swift action failed to quell the uproar, as $340 million in USDC outflows followed, slashing Hyperliquid’s total value locked (TVL) to $195 million and tanking its native HYPE token by 10-20%. Accusations of Manipulation and Centralization The fallout intensified when evidence surfaced suggesting that wallets linked to major centralized exchanges (CEXs), including Binance and OKX, may have orchestrated the short squeeze. Intriguingly, both exchanges listed JELLY futures shortly after the pump, fueling speculation of a deliberate attack on Hyperliquid. Posts on X even pointed to a Binance co-founder’s cryptic response “Ok, received/got it” to a user request to list JELLY as part of a takedown strategy, though this remains unconfirmed. Bitget CEO Gracy Chen emerged as a vocal critic, slamming Hyperliquid’s handling of the incident as “immature, unethical, and unprofessional.” She accused the platform of operating like an offshore centralized exchange despite its decentralized branding, noting its lack of KYC/AML measures and reliance on a small validator pool far fewer than networks like Ethereum or Solana. “Hyperliquid may be on track to become FTX 2.0,” Chen warned, echoing sentiments trending across social media. Why the FTX Comparisons? The parallels to FTX stem from Hyperliquid’s centralized decision-making and the significant losses incurred by its liquidity providers, reminiscent of FTX’s mismanagement and collapse. Critics argue that mixing vault funds and failing to prevent manipulation exposed vulnerabilities in Hyperliquid’s system. The $12-$20 million hit to its vault, coupled with a perceived lack of transparency, has eroded trust, with some calling it a “rug pull” orchestrated by insiders or rival exchanges. Community and Market Reactions The crypto community is divided. Some defend Hyperliquid’s quick delisting as a necessary move to avert a full liquidation crisis had JELLY spiked to $150 million, the platform could have collapsed entirely. Others see it as proof of deeper flaws, with one X user noting, “This raises serious concerns over DEX integrity.” Meanwhile, JELLY has stabilized at a $25 million market cap, but the damage to Hyperliquid’s reputation lingers. Analysts suggest this saga could trigger tighter scrutiny of DEXs and their governance models. For now, Hyperliquid faces an uphill battle to restore confidence as outflows continue and the “FTX 2.0” label sticks. Will it recover, or is this the beginning of a steeper fall? The market awaits answers. #Hyperliquid

Ripple (XRP) is showing signs of robust growth as its price continues to climb, igniting excitement in the cryptocurrency market. As of March 25, 2025, XRP has demonstrated significant momentum, with analysts predicting a substantial upward leap in the near future. XRP Gains Traction The recent surge in XRP’s value comes amid growing optimism following key developments in Ripple’s ongoing saga with the U.S. Securities and Exchange Commission (SEC). Reports indicate that the SEC has officially dropped its appeal against Ripple, a move that has bolstered market confidence. This resolution marks the end of a legal battle that has loomed over XRP for years, potentially clearing the path for broader adoption and price growth. Market data as of today shows XRP trading at a strengthened position, with a notable increase in volume. The token’s capitalization has soared, reflecting heightened investor interest and activity. Analysts attribute this rally to a combination of technical factors and positive sentiment sweeping the crypto space. What’s Fueling the Big Jump? Several elements are driving XRP’s impressive performance: Regulatory Clarity: The SEC’s decision to abandon its appeal has removed a major overhang, positioning XRP as a non-security asset and boosting its appeal to institutional investors. Technical Momentum: Chart patterns suggest XRP has broken out of a consolidation phase, with indicators pointing to a potential climb past key resistance levels. Some experts forecast a rise toward $3.00 or higher if the trend persists. Ecosystem Growth: Ripple’s expanding partnerships and the anticipated adoption of its RLUSD stablecoin are seen as catalysts that could further elevate XRP’s utility and value. While the market remains volatile, optimistic projections range from $4.00 in the short term to as high as $10.00 by 2030, according to some long-term analyses. However, caution persists, as leveraged trading and whale activity could introduce swings in either direction. A Turning Point for XRP? With the legal cloud lifted and technical indicators flashing green, XRP appears poised for a breakout. The crypto community is abuzz with speculation, with many viewing this as a pivotal moment for Ripple’s token. Whether it sustains this upward trajectory or faces resistance remains uncertain, but for now, XRP is riding a wave of renewed enthusiasm. Will this surge mark the beginning of a new era for XRP? The market is watching eagerly as events unfold.

$SAGA - price anlasis request:  Prices remain very bearish on the daily basis, but if it keep consolidating above the 0.3750$ support, we should see another pump. The short term PA is gaining bullish momentum📈 Upper big resistance area: 🎯 0.4150 - 0.4300$  ⚠️As long as prices are stuck below this resistance area, it remain very bearish. It could be a bear flag pattern before to see another low! (second chart).  Level by level, we should be more cautious with our long position in this bearish market phase.

Breaking news: SBF's empire crumbles! $1B in assets seized, including Robinhood stock, crypto wallets, and private jets. The fall of a crypto titan reveals the consequences of fraud. What's next in this high-stakes financial saga? 🚨💸 #CryptoScandal #FTXCollapse By AGI…

SLT My comment that got removed yesterday predicted it exactly as it is happening now ! I did say that it was going to be another JailStool saga. It dropped from 0.0885 courtesy of the scamming rugpuller of libra coin who is now on the run from interpol. Since then it gradually and slowly kept killing everyone by reaching the lowest low of 0.004 and just a few days back it could hit slightly above 0.01 only. Rings a bell? This scenario is the same drama ! Though they are assuming that with Portnoy's 22nd of march birthday, it might skyrocket back again. Though a wishful thinking, but still bit close to being realistic. Question is, what wish have we got with this coin here?! zero to none, unless a whalish miracle takes place !