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Binance Futures has listed USD-margined perpetual contracts for Jelly amid concerns of market manipulation linked to HyperLiquid. Reports suggest coordinated manipulation strategies involving suspicious trades funded via Binance. This has impacted Jelly’s price, resulting in losses for liquidity providers. Binance’s decision to list Jelly has raised questions about their strategic intentions. HyperLiquid has since delisted Jelly due to suspicious market activity.
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