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There seems to be intentional manipulation of the price of JellyJelly coin, and the Hyperliquid treasury may face liquidation and losses

There seems to be intentional manipulation of the price of JellyJelly coin, and the Hyperliquid treasury may face liquidation and losses

Bitget2025/03/27 02:03

PANews reported on March 26th, according to @ai_9684xtpa monitoring, the $5 million short position in jellyjelly automatically liquidated by traders has already suffered a floating loss of $10.63 million. If the counterparty pushes the coin price up to around $0.17 (currently it is $0.16004), the vault will face liquidation and lose its current holdings of $240 million.

It seems that there are already funds deliberately raising the price of jellyjelly coins, which have risen by 230% in nearly an hour. What's worse is that Hyperliquid Vault's funds seem to be decreasing, which will further squeeze out the liquidation price.

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