在果冻时，果冻降至$ 15的溢出（炒作）下降到$ 15

Hyperliquid的本地令牌（Hype）经历了明显的衰退，过去24小时下降了近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.

在有争议的果冻代币由于所谓的市场操纵引起的果冻代币之后，对分散交易的严格审查中的杂种（Hype）的本地令牌（HYPE）的近低于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).

围绕超流动性的最新动荡源于有关果冻代币的事件，果冻代币是一个相对较新的加密货币，作为Web3社交媒体项目的一部分。据称，一名交易员将超流油的短赌注与链上点购买相结合，这是一个复杂的举动，导致了超流动性自动推销商库（HLP）的1350万美元未实现的损失。

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.

作为回应，Hyperliquid的验证者设置召集并投票使果冻永久未来，有效地关闭了所有职位，并以高于现成的分散汇率的价格低得多的价格定居市场。

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，这一行动引起了加密社区成员的愤怒，他们批评超流动性缺乏自由裁量权，以单方面决定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.

该行业的几个杰出人物，包括Bitget首席执行官Gracy Chen和Bitmex联合创始人Arthur Hayes，质疑该平台被分散的主张。

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.

陈提出的是，超流动可能会沿着“ FTX 2.0”的道路前进，突出了对物质处理的“不成熟，不道德和不专业”的处理，以及强制清算设定的危险先例。

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

海耶斯（Hayes）表达了类似的观点，他说这一集展示了超流动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.

随着七个新成员加入Hyperliquid的Hyper基金会，讨论进行了讨论，以支持事件发生后平台的恢复工作。

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.

加密货币社区正在就诸如超流动液的Defi系统中的集中化程度进行热烈的辩论，其中一小部分验证者可以做出如此重大的决定。

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.

在此举中，通过交易量增加了全球最大的加密货币交易所的binance，宣布了超级流动性的杂物之后不久的果冻代币的永久期货。

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

这一行动使果冻的现货价格上涨了近560％，进一步凸显了事件的波动性和有争议的性质。

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

果冻的后果对超流动性的本地令牌价格产生了直接和负面影响。

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.

在事件发生后的几个小时内和随后的批评之内，炒作代币的价格下降了约16％。在过去的24小时内，它的交易量已经下降了近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.

这种突然的下降表明，可能会侵蚀平台的信心，一些交易员显然撤回了资产并寻求替代方案。

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

炒作/USD技术分析：炒作令牌体验两位数下降，测试支持水平

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.

低于$ 14的炒作令牌的大幅下降代表了看跌的主要发展。昨天的交易价格约为15.5美元，这表明卖出压力很大，价格一直在稳步下降。

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

这种下降违反了预测的短期支持水平，如果负面情绪持续存在，则可能会出现更多的缺点。

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.

现在的交易水平明显低于其历史最高高点35.02美元的交易，炒作令牌表明市场情绪可能会转向平台。

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

交易者将敏锐地观察未来几天的稳定或逆转迹象，以及潜在的支持水平。

Can Hyperliquid Rebuild Trust After JELLY Fiasco?

果冻惨败之后，超流利可以重建信任吗？

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.

果冻的突然出现以及随后的炒作令牌的价格下跌，染上了超流动性的声誉，并对其权力下放的主张引起了严重的怀疑。

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.

尽管该平台的迅速反应将阻止潜在的金融灾难，但丑闻肯定会损害用户的信心，并引发了关于Defi治理的关键讨论。

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

现在，Hyplliquid面临着一场艰苦的战斗，以重新获得交易者的信任，并证明其对权力下放价值观的承诺。