OPINION: JELLY price needs to triple again to trigger liquidator address blowout, Hyperliquid's HLP vault unlikely to be affected

PANews, March 26 (Bloomberg) -- Hyperliquid's HLP vault is unlikely to be blown up, according to chain analysts, who are monitoring the situation. At most, it will blow up Hyperliquid's liquidator's address (the one that's now taking over the $JELLY short order), and it won't affect the HLP vault's other two strategy addresses. The Liquidator's address has $50 million in capital and is currently holding 398 million short $JELLY orders at a liquidation price of $0.141 USD. The current price of $JELLY is $0.033. This means that JELLY would have to rise by more than 3 times to ‘blow up’ the Liquidator's address.