The recent incident involving Hyperliquid and the Jelly-my-Jelly ($JELLY) meme coin has left the crypto community in shock. After a massive surge in price followed by a sudden delisting by Hyperliquid, questions have been raised about the integrity of the exchange and the safety of investors’ funds.
The sequence of events leading to the delisting of $JELLY paints a concerning picture. A large crypto whale made significant deposits across multiple Hyperliquid accounts, leading to suspicious trading activity. As the price of $JELLY skyrocketed, a massive short position was liquidated, causing chaos in the market. Hyperliquid’s decision to restrict the whale’s withdrawals further exacerbated the situation, ultimately resulting in the shutdown of the $JELLY market.
Criticism has been directed towards Hyperliquid, with prominent figures in the crypto industry questioning the exchange’s actions and motives. The fallout from this incident has highlighted the need for a reliable and secure crypto storage solution, which is where Best Wallet comes into play.
Best Wallet is a cutting-edge crypto wallet that prioritizes user privacy and security. As a non-custodial wallet, users have sole ownership of their private keys, ensuring that their assets are secure. The wallet utilizes Fireblock’s MPC-CMP wallet technology to provide advanced cryptographic protection for digital assets.
In addition to robust security features, Best Wallet offers third-party insurance for all stored crypto assets, providing an extra layer of protection against hacks and scams. The wallet is user-friendly, with sleek apps for both Android and iOS, and a desktop browser extension in the works.
One unique feature of Best Wallet is its support for investing in new meme coins on presale directly from the app. This gives users the opportunity to get in early on promising projects before they are listed on exchanges.
For those looking to invest in Best Wallet’s growth, the Best Wallet Token ($BEST) presents an exciting opportunity. As the native cryptocurrency of Best Wallet, $BEST offers perks such as lower transaction fees, priority access to crypto presales, and the opportunity to earn rewards through staking.
The Best Wallet Token presale has already raised over $11.4M, with each token available for purchase at a low price. Investors can take advantage of these early opportunities to be part of Best Wallet’s market takeover and potential growth in the crypto industry.
While the crypto market is known for its volatility, investing in projects like Best Wallet and the Best Wallet Token can offer unique opportunities for growth and diversification. As always, it is essential for investors to conduct their own research and consider their risk tolerance before making any investment decisions.