Binance Futures cites a USD-marunized permanent contract for jelly (jelly jelly) amid continuing concern over suspected market manipulation related to high lipids.
Binance’s list of jelly perpetuals occurs in a tense market environment. Concerns escalated after reports emerged involving wallets related to “high lipid attacks” related to suspicious, highly leveraged transactions funded via Binance on the arbitrum network.
Wallets such as 0xB8EBD8EC41 and 0x1072 that are actively activated across Ethereum, Base, and Mantle networks suggest potentially coordinated operational strategies for each RunnerXBT and ZACHXBT.
These alleged market operations have particularly affected the price of Jerry. The deal by manipulators, including the famous whale “Hyperliquid 50x,” reportedly inflated the price of jelly, resulting in nearly $12 million in cumulative cumulative losses for liquidity providers such as Hyperliquid Types (HLPs).
Commented by Crypto Marketer Abhi,
“That secret central exchange doesn’t suffer from high lipids, but the latest drama about $Jelly might change the story.”
Does Binance make “FTX” high lipids?
Binance’s decision to introduce a permanent, leveraged contract among these allegations has intensified scrutiny. Some analysts question the motivation for the exchange, subtly suggesting that timing could exacerbate volatility rather than stabilizing market emotions.
Binance was given historic influence The Fall of FTX,This list raises reflections on the strategic impact of key exchanges on small and competing defi entities.
Hyperliquid’s vault previously lost over $4 million due to exploits that utilized a highly offensive trading strategy. These recurring incidents amplified the demand for stricter regulatory frameworks in the crypto community and increased vigilance from centralized platforms that promote derivative contracts.
Integrating the permanent contracts of jelly at a time when operating practices are widely used will broadly spotlight the continued tension between innovation in financial equipment and the necessary transparency.
According to an official announcement from Binance, introducing permanent contracts for Jellyjellyusdt and associated Maviausdt is a standard practice to expand investment opportunities for traders.
However, in the current controversy, such a move inevitably leads to speculation about strategic intentions. This is especially relevant given the allegations from research cryptography analysts that suggest the possible indirect involvement of Binance, highlighted by ZACHXBT.
Users cited Binance co-founder Yi who answered “OK, receive/GOT IT” to “OK, receive/GOT IT” to list jellies to remove jellies as potential evidence that the jelly list is part of a strategy to eliminate competitors.
Since then, Hyperliquid has decided to register Jelly.
“After evidence of suspicious market activity, the Validator set was convened and voted to abolish Jelly Perps. (…)
Please note that at the time of writing the HLP’s 24-hour PNL is approximately 700k USDC. Technical improvements have been made, and the network will become stronger as a result of lessons learned. Details will be shared soon. ”
It is mentioned in this article
