
王小二|Mar 26, 2025 15:38
Review the previous operation. Firstly, because I have a position in Jelly, I have thought about one thing: if Hype gives up and takes down Jelly's trading pair, and settles based on the price at the time of delisting, will it be a negative or a positive? Without a doubt, this is a negative because HLP's potential closing and buying positions are no longer available
I have been keeping an eye on HLP's position all along, wanting to observe when HLP will start closing positions. But at 11.06, I found that the mark price displayed on HLP's position was no longer changing with the on chain price. At this point, I knew that Hype might be ready to give up and take down Jelly's transaction. I continued to observe for a few more minutes and roughly confirmed that Hype was really going to give up. Then, I sold two pieces of Jelly to take a profit.
Then OKX suddenly signed the contract, but I knew it was already too late. Hype was fully prepared to give up, so I accelerated the selling speed. Then, after the OKX contract was launched and before the Binance contract was launched, Hype completely delisted Jelly's trading pairs, and HLP's positions were automatically delisted and liquidated. The only uncomfortable thing is that after the Binance contract was added, I knew it could definitely be shorted, but I don't usually play contracts and don't know where to go to short at the first time.
So many news reports that Hype took down Jelly after signing contracts with OKX and Binance are actually very inaccurate. Hype was already preparing to give up before OKX and Binance signed contracts.
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