Analysis: If JELLY rises to around $0.17, it will lead to the liquidation of $240 million in Hyperliquid Vault

ChainCatcher news, on-chain data analyst @ai_9684xtpa stated that the $5 million jellyjelly short position taken over by Hyperliquid due to trader automatic liquidation has incurred an unrealized loss of $10.63 million (approximately $6 million as of the time of publication). If the counterparty pushes the coin price up to around $0.17, the Hyperliquid Vault will face liquidation and lose the current holdings of $240 million.