PANews reported on March 26 that according to @ai_9684xtpa's monitoring, the 5 million US dollars of jellyjelly short positions received by traders due to automatic liquidation have suffered a floating loss of 10.63 million US dollars. If the counterparty raises the price of the currency to around 0.17 US dollars (currently 0.16004 US dollars), the vault will face liquidation and lose the 240 million US dollars currently held.

It seems that some funds are deliberately raising the price of jellyjelly coin. It has risen by 230% in the past hour. What’s worse is that the funds in Hyperliquid Vault seem to be decreasing, which will further squeeze the liquidation price.