Analyst: If JELLY rises to around $0.17, it will cause Hyperliquid Vault to "explode" and liquidate $240 million

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On March 26, on-chain data analyst @ai_9684xtpa stated that Hyperliquid has taken over a $5 million jellyjelly short position through automatic liquidation, which has currently incurred an unrealized loss of $10.63 million (approximately $6 million at the time of writing). If the counterparty pulls the coin price up to around $0.17, the Hyperliquid Vault will face liquidation and lose its current holdings of $240 million.

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