Analysis: JELLY surged to $0.17, Hyperliquid's treasury will face liquidation and incur a loss of $240 million

[Analysis: JELLY Rises to $0.17 Hyperliquid Vault Faces Liquidation and $240 Million Loss] According to a report by Jinse Finance, monitoring by @ai_9684xtpa shows that the Hyperliquid Vault has incurred a floating loss of $10.63 million on a $5 million short position in jellyjelly due to automatic liquidation by traders. If the counterparty raises the coin price to around $0.17 (currently $0.16004), the vault will face liquidation and lose the current holdings of $240 million. It appears that funds are intentionally driving up the price of $jellyjelly, which has increased by 230% in the past hour. Unfortunately, the funds in the Hyperliquid Vault seem to be decreasing, which will further squeeze the liquidation price