Binance Futures has stated USD-Germinated Eternal Contracts for Jelly (Jellyjelly) in the midst of constant concerns around alleged market manipulation coupled to hyperliquid.
Binance’s list of jelly -litigating forpetuals is found in a tense market environment. Concern is intensified after report Dealed portfolios associated with “hyperliquid attacks” related to the suspect, very levers that were financed via Binance on the arbitration network.
Wallets such as 0xb8ebd8ec41 and 0x1072, active in Ethereum, Base and Mantle networks, possibly suggest coordinated manipulation strategies, per Runnerxbt and Zachxbt.
These alleged market manipulations have in particular influenced the price of Jelly. Acts by manipulators, including the high -profile whale “hyperliquid 50x”, reportedly blown up the jellyp prices considerably, resulting in almost $ 12 million in cumulative losses for liquidity providers such as those of Hyperliquid safe (HLP).
Crypto -marketeer ABHI commentary“
“It is not a secret centralized exchanges bleeding perp volume to hyperliquid, but the newest drama around $ Jelly can shift the story.”
Is Binance ‘a FTX’ to Hyperliquid?
Binance’s decision to introduce leverage contracts in the midst of these allegations has intensified the investigation. Some analysts ask The motivations of the stock exchange, which subtly suggests that the timing could worsen volatility instead of stabilizing the market sentiment.
Given the historical influence of Binance in FTXs fallThis list increases reflective considerations about the strategic effects of large stock exchanges on smaller, competing deficial entities.
The safes of Hyperliquid had previously been losses of more than $ 4 million as a result of exploits that use very aggressive trade strategies. These repeated incidents have the question of the Crypto community for stricter regulatory frameworks and increased vigilance of centralized platforms reinforced those derived contracts.
The integration of Jelly for eternal contracts at a time when manipulative practices are widely used and the continuous tension between innovation in financial instruments and required transparency are used.
According to the official announcements of Binance, the introduction of Jellyjellyusdt and related Maviausdt eternal contracts is the standard practice to broaden the investment options of traders.
But in the midst of current controversies, such movements inevitably lead speculation with regard to strategic intentions. In particular, this is relevant, in view of accusations of research crypto -analysts who suggest the potential indirect involvement of Binance, emphasized by Zachxbt, who relied on specific portfolios with regard to manipulative transactions directly to Binance deposits.
Users have cited co-founder of Binance Yi, he replied “OK, received/received” at a request to mention Jelly to get Hyperliquid as potential evidence that the Jelly listing is part of a strategy to eliminate a competitor.
Hyperliquid has since decided to delete Jelly, and says:
“After proof of suspicious market activities, the validator was set and voted to delete Jelly -Persps. […]
Note that HLPs 24 -hour PNL during writing is around 700k USDC. Technical improvements will be made and the network will become stronger as a result of learned lessons. More details will be shared soon. “
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