Analysis: A certain address threw 398 million JELLY empty orders to Hyperliquid, or followed the 50 times leverage whale operation on Hyperliquid previously

According to on chain analyst Yu Jin's monitoring, an address may have followed the 50 times leverage whale operation on Hyperliquid and dumped 398 million JELLY empty orders to Hyperliquid by withdrawing margin. This has resulted in a floating loss of over 10 million US dollars in the Hyperliquid HLP vault. The specific process is as follows: 1. At 20:53, 0xde9... c91 address, 3.5 million USDC was transferred to Hyperliquid as margin, and 430 million JELLY empty orders (worth 4.08 million USD) were opened. The opening price is 0.0095 US dollars. 2. At 21:03, he liquidated 30 million JELLY short orders (worth $310000) at a price of $0.0103 and withdrew a deposit of $2.76 million. His 398 million JELLY empty orders (worth 4.5 million US dollars) were forcefully tied and taken over by Hyperliquid's clearing address for 0.0113 US dollars. 3. Subsequently, the price of JELLY quickly rose from 0.01 US dollars to 0.04 US dollars. The JELLY empty orders held by Hyperliquid clearing addresses currently have a floating loss of over $10 million. This process should be intentionally forcing the liquidation of positions to Hyperliquid, and then aggressively pulling JELLY in CEX, forcing Hyperliquid to only close positions at high levels.