JELLY has surged over 500% in the past 1 hour, with the Hyperliquid Vault taking over a short position now facing a unrealized loss of over $12 million.

BlockBeats News, March 26th, according to market data, Meme coin JELLYJELLY has surged by 515% in the past 1 hour, now priced at $0.034, with a market cap of $38.11 million; while HYPE has experienced a 17% drop in the past 1 hour, currently priced at $14.37, down 10% from when they "took over the JELLY short position".

BlockBeats previously reported that the Hyperliquid Vault was automatically liquidated as it received a $5 million JELLY short position.

According to hypurrscan data, as the price of JELLY coin skyrocketed, the current unrealized loss of this position has reached $12.368 million (entry price $0.01129).