HYPE Token Drops 10% as Hyperliquid Struggles with Market Backlash
Hyperliquid is grappling with over $340 million in USDC outflows following the fallout from the JELLY token controversy. The platform, which delisted JELLY after a suspected market manipulation event, now faces scrutiny over its handling of the crisis. After evidence of suspicious market activity, the validator set convened and voted
