The cryptocurrency market experienced significant disruption following the delisting of JellyJelly meme coin on Solana, sparked by manipulation incidents on the platform Hyperliquid. The delisting resulted in immediate market fluctuations and highlighted vulnerabilities within the rapidly evolving world of memecoins. crypto veteran Iqram Magdon-Ismail launched JellyJelly as a collaboration with Sam Lessin. However, this new project’s launch was marred by a vulnerability exploited on Hyperliquid which led to the coin’s removal from trading platforms. Hyperliquid responded swiftly with efforts to recover losses and restore user confidence, showcasing their commitment to stability. The incident underscores the importance of robust security protocols in memecoin markets, where manipulation can lead to significant market volatility.