Analysis: JELLY Pulls Up to $0.17 Hyperliquid to Face Liquidation and Loss of $240 million

According to @ai_9684xtpa monitoring, the Hyperliquid vault has lost 10.63 million dollars due to the 5 million dollar jellyjelly short position received by the trader's automatic liquidation. If the counterparty pulls the currency price to around 0.17 dollars (currently 0.16004 dollars), the vault will face liquidation and lose the 240 million dollars currently held.
It seems that there is already money deliberately driving up the price of $jellyjelly, which has risen by 230% in the past hour. Unfortunately, Hyperliquid Vault's funds seem to be dwindling, which will further squeeze the liquidation price.