Best Wallet Token (BEST) Could 100x as Hyperliquid Delists Jelly-my-Jelly Meme Coin

The crypto community was just recovering from the aftermath of the Bybit hack, which saw North Korean hackers loot $1.3B

The crypto community was just recovering from the aftermath of the Bybit hack, which saw North Korean hackers loot $1.3B from the exchange’s cold storage, and now we’ve had yet another sensational malicious activity.

This time it’s Hyperliquid in the firing line. Read on to find out exactly what went down and how a privacy-first crypto project like Best Wallet Token ($BEST) could potentially 100x as a result?

Dissecting the Hyperliquid-Jelly Meltdown

The popular decentralized crypto exchange Hyperliquid recently delisted the Jelly-my-Jelly ($JELLY) meme coin on the grounds of suspicious trading activity

$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.

Here’s what happened prior to $JELLY’s delisting by Hyperliquid last week:

A trader reportedly deposited 7.15M BUSD and 50 BTC, which comes to roughly $7.17M in total.

The trader then used the BUSD to purchase $JELLY at a high price and sold it at a lower price to generate liquidity.

However, the trader wasn’t able to convert all the BTC to BUSD. Instead, around 1 BTC remained in the trader’s wallet.

After making a final market order to sell $JELLY at $0.01, the trader requested to withdraw 6.26M BUSD and 1 BTC.

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.

Hyperliquid’s Criticism

Big-name crypto personalities, such as the CEO and COO of Bitget, criticized Hyperliquid, saying that the exchange deliberately caused losses to the user.

One of them even said that Hyperliquid ‘may be on track to become FTX 2.0.’

Although the world is torn between Hyperliquid’s recent debacle, the fact remains that there’s a dire need for a reliable crypto storage and management solution. Enter Best Wallet.

What Is Best Wallet?

Best Wallet is a new-age crypto wallet that’s helping users reclaim their privacy. For starters, it’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.

The app also comes with Fireblock’s MPC-CMP wallet technology, which uses cutting-edge cryptographic techniques to safeguard your digital wealth.

We were also impressed to find out that fantastic in-app and crypto-related security is complemented by excellent app access controls.

Thanks to a plethora of 2FA/MFA options, which include biometrics, you don’t have to worry about the unfortunate scenario of your mobile ending up in the wrong hands. 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.

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 – and a browser extension for desktop is on its way.

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’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.

Buy $BEST – The Next Crypto to Explode

Apart from the above, Best Wallet’s roadmap suggests that it’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.

If you want to be a part of Best Wallet’s remarkable growth story, consider investing in Best Wallet Token ($BEST) – the native cryptocurrency of Best Wallet and one of the best cryptos to buy now.

Owning $BEST won’t just allow you to ride Best Wallet’s market takeover – it plans to capture over 40% of the non-custodial crypto wallet market by 2026 – but it also comes with its own special perks.

First and foremost, $BEST investors will have to pay lower transaction fees on Best Wallet.

Second, they’ll get priority access to the best crypto presales. This way, they’ll be able to become early investors (which means more profits) in some of the best projects going around.