Solana Memecoin Surge Threatens Hyperliquid Vault with Massive Losses
- Jelly-My-Jelly (JELLY JELLY) has surged over 200% and is trading at $0.04281.
- The transaction volume of JELLY JELLY increased by 412% in a few hours.
- Hyperliquid Vault faces an unrealized loss exceeding $9 billion due to the short position on JELLY JELLY.
- If the price reaches $0.15374, Hyperliquid Vault risks losing its entire $230 million in funds.
Hyperliquid Vault is experiencing significant financial stress as the value of Solana’s memecoin, JELLY JELLY, continues to rise sharply, threatening a potential loss of $230 million if prices escalate further.
Source (2.6)https://coingape.com/how-hyperliquid-vault-risks-losing-230m-following-this-solana-meme-coins-surge/?rand=24432
