Hyperliquid sees $140M USDC outflow after Jelly liquidation

According to Parsec, Hyperliquid experienced a net USDC outflow of up to $140 million shortly after the Jelly liquidation. This follows a previous $300 million outflow tied to an ETH whale long liquidation. Over the past 30 days, Hyperliquid’s USDC balance has declined from approximately $2.5 billion to $2.07 billion, Wu Blockchain reported on X.