On March 26, on-chain data analyst Yu Jin stated that the JELLY incident would at most liquidate the addresses currently holding JELLY short positions, and would not affect the other two strategy addresses of the HLP vault.
The liquidator's address contains 50 million in funds, and the current liquidation price for the 39.8 million JELLY short positions is $0.141. The current JELLY price is $0.033. To "liquidate" the liquidator's address, JELLY would need to rise more than 3 times.