Mars Finance News, on-chain data analyst @ai_9684xtpa stated that Hyperliquid has taken over a $5 million jellyjelly short position through automatic liquidation, which has currently unrealized losses of $10.63 million (approximately $6 million at the time of writing). If the counterparty pulls the coin price to around $0.17, the Hyperliquid Vault will face liquidation and lose the current $240 million it holds.
Analysis: If JELLY rises to around $0.17, Hyperliquid Vault will be liquidated for $240 million
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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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