- JELLYJELLY delisted from Hyperliquid, HYPE token drops 12% amid industry reactions.
- Market anticipates further implications on decentralization debates.
- Potential lasting impact on Hyperliquid’s operational strategy and user trust.
Arthur Hayes, co-founder of BitMEX, criticized Hyperliquid’s delisting of the JELLYJELLY token on social media. The delisting occurred amid concerns regarding Hyperliquid’s decentralization claims, and its token, HYPE, dropping in value.
This action raises questions about Hyperliquid’s operational transparency and its impact on investor confidence, given the significant financial shifts following the delisting.
Hyperliquid’s JELLYJELLY Delisting Sparks Market Turmoil
Hyperliquid’s recent decision to delist the JELLYJELLY token has sparked extensive debate within the cryptocurrency community. Arthur Hayes voiced strong criticism, questioning the legitimacy of Hyperliquid’s claims of being decentralized. HYPE’s value plunged by 12%, portraying investor apprehension about the delisting implications.
The immediate market response was pronounced. Hyperliquid’s official statements assured that technical enhancements would be pursued to secure network stability. The overarching sentiment among traders reflected a cautious approach as the platform aims to address such unexpected market movements.
Arthur Hayes’ commentary highlighted issues of decentralization, resonating with concerns expressed by industry observers. Responses varied, with some stakeholders emphasizing a need for greater stability and transparency in exchange practices to bolster trust.
Historical Market Patterns and Regulatory Concerns for Hyperliquid
Did you know? In March 2025, Hyperliquid experienced a similar liquidity event when a significant Ether position was liquidated, resulting in substantial losses, echoing current concerns about stability.
Hyperliquid’s current market statistics reflect a challenging period. At a price of $14.60 and a market cap accounting for 0.17% market dominance, HYPE faces a 45.82% decline over 90 days. As of March 27, 2025, trading volume surged 430.90% amidst volatile shifts, as reported by CoinMarketCap.


Insights from the research team suggest that unless Hyperliquid addresses its vulnerabilities, potential regulatory scrutiny could increase. The previous incidents mark a pattern requiring strategic recalibration to foster long-term resilience and investor trust.