JELLY has risen over 500% in the past hour, and Hyperliquid Vault has taken over short orders with unrealized losses exceeding 12 million USD.

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BlockBeats News, on March 26, according to market data, the meme coin JELLYJELLY has risen by 515% in the past 1 hour, and is now quoted at $0.034, with a market value of $38.11 million; HYPE, which has fallen 17% in the past 1 hour, is now trading at $14.37, down 10% from when it "took over JELLY's short position". BlockBeats previously reported that Hyperliquid Vault received $5 million in short JELLY positions due to traders' automated liquidation. According to hypurrscan data, as the price of JELLY's coin skyrocketed, the position currently has a floating loss of $12.368 million (opening price of $0.01129).

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