Analysis of the HyperLiquid platform Jelly Token short squeeze event

Gate.io News bot message, according to the analysis report of Xianrang, the HyperLiquid platform has encountered risk control issues while handling Jelly Token futures trading. The report points out that HyperLiquid, as a non-Open Source platform, utilizes tools from the Ethereum ecosystem. Due to lack of experience, HLP needs to bear the risk of Get Liquidated in the contract.

The report emphasizes that for such trading projects, user position sizes and leverage limits should be set based on indicators such as market capitalization, chip distribution, and off-exchange liquidity depth. The report believes that including small projects like Jelly in the Hyperliquid futures trading list reflects deficiencies in the platform’s risk control strategy and high-risk project management.

HYPE-3.25%
BOT-11.62%
ETH-4.66%
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