Analyst: If JELLY rises to around $0.17, it will trigger the 'liquidation' of the Hyperliquid Vault, amounting to $240 million.

BlockBeats News, on March 26, on-chain data analyst @ai_9684xtpa stated that Hyperliquid has taken over a $5 million jellyjelly short position due to trader liquidation, which is currently at a loss of $10.63 million (approximately $6 million at the time of writing). If the counterparty pumps the price to around $0.17, the Hyperliquid Vault will face liquidation and lose the $240 million it currently holds.