在果凍時，果凍降至$ 15的溢出（炒作）下降到$ 15

Hyperliquid的本地令牌（Hype）經歷了明顯的衰退，過去24小時下降了近10％，下降了近10％

The native token of Hyperliquid (HYPE) has plunged below $15 amid intense scrutiny on the decentralized exchange following the controversial delisting of the JELLY token due to alleged market manipulation.

在有爭議的果凍代幣由於所謂的市場操縱引起的果凍代幣之後，對分散交易的嚴格審查中的雜種（Hype）的本地令牌（HYPE）的近低於15美元。

The latest upheaval around Hyperliquid stems from an event concerning the JELLY token, a relatively new cryptocurrency launched as part of a Web3 social media project. Combining short bets on Hyperliquid with on-chain spot buys, a trader allegedly performed a complex move that resulted in a $13.5 million unrealized loss for Hyperliquid’s automated market maker vault (HLP).

圍繞超流動性的最新動盪源於有關果凍代幣的事件，果凍代幣是一個相對較新的加密貨幣，作為Web3社交媒體項目的一部分。據稱，一名交易員將超流油的短賭注與鏈上點購買相結合，這是一個複雜的舉動，導致了超流動性自動推銷商庫（HLP）的1350萬美元未實現的損失。

In response, Hyperliquid’s validator set convened and voted to delist the JELLY perpetual futures, effectively closing all positions and settling the market at a price significantly lower than the prevailing decentralized exchange rates.

作為回應，Hyperliquid的驗證者設置召集並投票使果凍永久未來，有效地關閉了所有職位，並以高於現成的分散匯率的價格低得多的價格定居市場。

However, this action sparked outrage among members of the crypto community who criticized Hyperliquid’s lack of discretion in unilaterally deciding to delist JELLY and force-settle positions.

然而，這一行動引起了加密社區成員的憤怒，他們批評超流動性缺乏自由裁量權，以單方面決定Delist Jelly和Force-Nectle-Nectlettle的位置。

Several prominent figures in the industry, including Bitget CEO Gracy Chen and BitMEX co-founder Arthur Hayes, questioned the platform’s claims of being decentralized.

該行業的幾個傑出人物，包括Bitget首席執行官Gracy Chen和Bitmex聯合創始人Arthur Hayes，質疑該平台被分散的主張。

Chen went as far as suggesting that Hyperliquid might be heading down the path to become “FTX 2.0,” highlighting the “immature, unethical, and unprofessional” handling of the matter and the dangerous precedent set by the forced liquidation.

陳提出的是，超流動可能會沿著“ FTX 2.0”的道路前進，突出了對物質處理的“不成熟，不道德和不專業”的處理，以及強制清算設定的危險先例。

Similar sentiments were expressed by Hayes, who stated that the episode showcased Hyperliquid’s centralized approach to governance.

海耶斯（Hayes）表達了類似的觀點，他說這一集展示了超流動性的集中式治理方法。

The discussion unfolded as seven new members joined Hyperliquid’s Hyper Foundation to support the platform’s recovery efforts following the incident.

隨著七個新成員加入Hyperliquid的Hyper基金會，討論進行了討論，以支持事件發生後平台的恢復工作。

The crypto community is engaging in a lively debate on the degree of centralization in DeFi systems such as Hyperliquid, where a small group of validators can make such significant decisions.

加密貨幣社區正在就諸如超流動液的Defi系統中的集中化程度進行熱烈的辯論，其中一小部分驗證者可以做出如此重大的決定。

In a move that adds another layer to the unfolding drama, Binance, the largest cryptocurrency exchange globally by trading volume, announced the listing of perpetual futures for the JELLY token shortly after Hyperliquid’s delisting.

在此舉中，通過交易量增加了全球最大的加密貨幣交易所的binance，宣布了超級流動性的雜物之後不久的果凍代幣的永久期貨。

This action drove JELLY’s spot price to surge by nearly 560%, further highlighting the volatility and the controversial nature of the events.

這一行動使果凍的現貨價格上漲了近560％，進一步凸顯了事件的波動性和有爭議的性質。

The fallout from the JELLY delisting has had a direct and negative impact on the native token price of Hyperliquid, HYPE.

果凍的後果對超流動性的本地令牌價格產生了直接和負面影響。

The HYPE token price dropped by approximately 16% within hours of the incident and the subsequent criticism. It has been trading down by almost 10% in the past 24 hours, currently hovering around $14.

在事件發生後的幾個小時內和隨後的批評之內，炒作代幣的價格下降了約16％。在過去的24小時內，它的交易量已經下降了近10％，目前徘徊在14美元左右。

This sudden drop suggests a possible erosion of confidence in the platform, with some traders apparently withdrawing assets and seeking alternatives.

這種突然的下降表明，可能會侵蝕平台的信心，一些交易員顯然撤回了資產並尋求替代方案。

HYPE/USD Technical Analysis: HYPE Token Experiences Double-Digit Drop, Testing Support Levels

炒作/USD技術分析：炒作令牌體驗兩位數下降，測試支持水平

The substantial decline of the HYPE token below the $14 mark represents a major bearish development. The price has been steadily declining after trading at highs around $15.5 yesterday, indicating significant selling pressure.

低於$ 14的炒作令牌的大幅下降代表了看跌的主要發展。昨天的交易價格約為15.5美元，這表明賣出壓力很大，價格一直在穩步下降。

This decline has breached predicted short-term support levels, and should the negative sentiment persist, more downside is likely.

這種下降違反了預測的短期支持水平，如果負面情緒持續存在，則可能會出現更多的缺點。

Now trading at levels significantly lower than its all-time high of $35.02 reached in December 2024, the HYPE token suggests a possible shift in market mood toward the platform.

現在的交易水平明顯低於其歷史最高高點35.02美元的交易，炒作令牌表明市場情緒可能會轉向平台。

Traders will be keenly observing for any signs of stabilization or reversal in the coming days, as well as for potential support levels forming.

交易者將敏銳地觀察未來幾天的穩定或逆轉跡象，以及潛在的支持水平。

Can Hyperliquid Rebuild Trust After JELLY Fiasco?

果凍慘敗之後，超流利可以重建信任嗎？

The sudden delisting of JELLY and the subsequent price drop of the HYPE token have stained Hyperliquid’s reputation and raised serious doubts about its claims of decentralization.

果凍的突然出現以及隨後的炒作令牌的價格下跌，染上了超流動性的聲譽，並對其權力下放的主張引起了嚴重的懷疑。

While the platform’s swift response would have prevented a potential financial catastrophe, the scandal has surely tarnished user confidence and sparked a crucial discussion on DeFi’s governance.

儘管該平台的迅速反應將阻止潛在的金融災難，但醜聞肯定會損害用戶的信心，並引發了關於Defi治理的關鍵討論。

Now Hyperliquid faces an uphill battle to regain the trust of traders and demonstrate its commitment to the values of decentralization.

現在，Hyplliquid面臨著一場艱苦的戰鬥，以重新獲得交易者的信任，並證明其對權力下放價值觀的承諾。