Opinion: JELLY price needs to rise 3 times to trigger liquidator address explosion, Hyperliquid's HLP vault is unlikely to be affected

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PANews
03-26
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According to on-chain analyst Yu Jin's monitoring on PANews on March 26, the HLP vault of Hyperliquid is unlikely to be liquidated, and at most, only the liquidator's address (currently holding the $JELLY short position) might be affected, without impacting the other two strategy addresses of the HLP vault. The liquidator's address has $50 million in funds, and the current liquidation price for the 398 million $JELLY short position is $0.141. With the current $JELLY price at $0.033, the price would need to rise more than threefold to "liquidate" the liquidator's address.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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