{"id":3807,"date":"2025-03-31T05:00:28","date_gmt":"2025-03-31T05:00:28","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/hyperliquid-delists-jelly-potentially-causing-900k-in-losses-heres-why-best-wallet-token-can-100x\/"},"modified":"2025-03-31T05:00:28","modified_gmt":"2025-03-31T05:00:28","slug":"hyperliquid-delists-jelly-potentially-causing-900k-in-losses-heres-why-best-wallet-token-can-100x","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/hyperliquid-delists-jelly-potentially-causing-900k-in-losses-heres-why-best-wallet-token-can-100x\/","title":{"rendered":"Hyperliquid Delists $JELLY, Potentially Causing $900K in Losses. Here\u2019s Why Best Wallet Token Can 100x"},"content":{"rendered":"<p>The crypto community was just recovering from the aftermath of the Bybit hack, which saw North Korean hackers loot $1.3B from the exchange&#8217;s cold storage, and now we&#8217;ve had yet another sensational malicious activity.<\/p>\n<p>This time it&#8217;s Hyperliquid in the firing line. Read on to find out exactly what went down and how a privacy-first crypto project like <a href=\"https:\/\/newsbtc.care\/box_4790f47512f67e8df21d5ddecf4fb31b\" target=\"_blank\" rel=\"noopener nofollow\"><b>Best Wallet Token ($BEST)<\/b><\/a> could potentially 100x as a result?<\/p>\n<h2>Dissecting the Hyperliquid-Jelly Meltdown<\/h2>\n<p>The popular decentralized crypto exchange Hyperliquid recently delisted the Jelly-my-Jelly ($JELLY) meme coin on the grounds of suspicious trading activity<\/p>\n<p>$JELLY, by the way, fell from $0.21 all the way to $0.01 in just 10 days after its launch on January 30. However, it skyrocketed 400% on March 26, which is when chaos unfolded.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"aligncenter wp-image-720886\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/jelly-market-cap.jpg?w=690&#038;resize=700%2C543\" alt=\"Jelly market cap\" width=\"700\" height=\"543\" \/>Here&#8217;s what happened prior to $JELLY\u2019s delisting by Hyperliquid last week:<\/p>\n<ul>\n<li>A large crypto whale deposited $7M across three Hyperliquid accounts.<\/li>\n<li>Two of those accounts took long positions on $JELLY \u2013 one of $2.15M another another of $1.9M respectively.<\/li>\n<li>The third account took a $4.1M short position in order to cancel out the two long trades above.<\/li>\n<li>As $JELLY\u2019s price rose from $0.01 to nearly $0.45 in a matter of just hours, the short position was liquidated. But the catch is that it was too large a position to be liquidated normally.<\/li>\n<li>As a result, the short trade was sent to the Hyperliquidity Provider Vault (HLP) for settlement.<\/li>\n<li>However, when Hyperliquid restricted the whale\u2019s withdrawals, they resorted to selling their remaining $JELLY positions.<\/li>\n<li>This led to Hyperliquid shutting down the $JELLY market entirely.<\/li>\n<\/ul>\n<p>All in all, the trader deposited a total of $7.17M but was only able to withdraw $6.26M. Around $900K still remains with Hyperliquid.<\/p>\n<h2>Hyperliquid\u2019s Criticism<\/h2>\n<p>Big-name crypto personalities, such as the CEO and COO of Bitget, criticized Hyperliquid, saying that the exchange deliberately caused losses to the user.<\/p>\n<p>One of them even said that Hyperliquid \u2018may be on track to become FTX 2.0.\u2019<\/p>\n<p>Although the world is torn between Hyperliquid\u2019s recent debacle, the fact remains that there&#8217;s a dire need for a reliable crypto storage and management solution. Enter <a href=\"https:\/\/newsbtc.care\/box_22cf4845e5dcc3eb2d5dd0b5cb0c8c9b\" target=\"_blank\" rel=\"noopener nofollow\"><b>Best Wallet<\/b><\/a>.<\/p>\n<h2>What Is Best Wallet?<\/h2>\n<p>Best Wallet is a new-age crypto wallet that&#8217;s helping users reclaim their privacy. For starters, it&#8217;s a non-custodial wallet, meaning you alone have the ownership of your private keys. Therefore, none apart from you will be able to access your crypto assets.<\/p>\n<p>The app also comes with Fireblock\u2019s MPC-CMP wallet technology, which uses cutting-edge cryptographic techniques to safeguard your digital wealth.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"aligncenter wp-image-720887\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/best-wallet-security.jpg?w=750&#038;resize=700%2C484\" alt=\"Best Wallet security\" width=\"700\" height=\"484\" \/><\/p>\n<p>We were also impressed to find out that fantastic in-app and crypto-related security is complemented by excellent app access controls.<\/p>\n<p>Thanks to a plethora of 2FA\/MFA options, which include biometrics, you don&#8217;t have to worry about the unfortunate scenario of your mobile ending up in the wrong hands.<\/p>\n<p>The good news keeps coming, as Best Wallet also offers its users third-party insurance for all their crypto assets stored with Best Wallet. This is a brilliant offering and one you should definitely opt for, especially at a time when hacks and scams are as prevalent as they are.<\/p>\n<p>In addition to rock-solid security, Best Wallet also hits it out of the park when it comes to being user-friendly. It has sleek apps for both Android and iOS \u2013 and a browser extension for desktop is on its way.<\/p>\n<p>Last but not least, Best Wallet is also a joy for smart crypto investors who like getting in before the coins are listed on exchanges. That&#8217;s because Best Wallet is the only crypto wallet that allows its users to invest in new meme coins on presale directly from within the app.<\/p>\n<h2>Buy $BEST \u2013 The Next Crypto to Explode<\/h2>\n<p>Apart from the above, Best Wallet&#8217;s roadmap suggests that it&#8217;s soon going to offer support for over 60 chains. This would then make it a one-stop solution for managing all your crypto assets.<\/p>\n<p>If you want to be a part of Best Wallet&#8217;s remarkable growth story, consider investing in best cryptos to buy now.<\/p>\n<p>Owning $BEST won&#8217;t just allow you to ride Best Wallet&#8217;s market takeover \u2013 it plans to capture over 40% of the non-custodial crypto wallet market by 2026 \u2013 but it also comes with its own special perks.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"aligncenter wp-image-720888\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/best-wallet-presale.jpg?w=750&#038;resize=700%2C379\" alt=\"Best Wallet presale\" width=\"700\" height=\"379\" \/><\/p>\n<p>First and foremost, $BEST investors will have to pay lower transaction fees on Best Wallet.<\/p>\n<p>Second, they&#8217;ll get priority access to the best crypto presales. This way, they&#8217;ll be able to become early investors (which means more profits) in some of the best projects going around.<\/p>\n<p>Third, $BEST investors will have the opportunity to earn extra income through staking. The current rewards rate is 136%. However, it&#8217;s worth noting that this rate is dynamic and will likely reduce as the $BEST presale proceeds.<\/p>\n<p>Speaking of the <a href=\"https:\/\/newsbtc.care\/box_4790f47512f67e8df21d5ddecf4fb31b\" target=\"_blank\" rel=\"noopener nofollow\"><b>Best Wallet Token presale<\/b><\/a>, it has so far raised over $11.4M, and you can buy each token for just $0.024525 if you get in now.<\/p>\n<p>If this is your first presale purchase, here&#8217;s a detailed guide on how to buy $BEST. Also, check out our Best Wallet Token price prediction for more details on the crypto&#8217;s future.<\/p>\n<p>Best Wallet\u2019s potential aside, do note that the crypto market is unpredictable. It&#8217;s rife with volatility, which is why you must only invest an amount that&#8217;s small enough for you.<\/p>\n<p>As always, we urge our readers to do their own research. This article isn&#8217;t a substitute for financial advice, after all.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto community was just recovering from the aftermath of the Bybit hack, which saw North Korean hackers loot $1.3B from the exchange&#8217;s cold storage, and now we&#8217;ve had yet another sensational malicious activity. This time it&#8217;s Hyperliquid in the firing line. Read on to find out exactly what went down and how a privacy-first&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3808,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[55],"class_list":["post-3807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-cryptocurrency-market-news"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/3807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=3807"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/3807\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/3808"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=3807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=3807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=3807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}