Analysis: If JELLY rises to around $0.17, it will cause the Hyperliquid Vault to liquidate $240 million
On-chain data analyst @ai_9684xtpa stated that Hyperliquid has taken over a $5 million short position in jellyjelly due to automatic liquidation by traders, which is currently showing a floating loss of $10.63 million (approximately $6 million at the time of publication). If the opposing side pushes the coin price up to around $0.17, Hyperliquid Vault will face liquidation and lose its current holdings of $240 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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