On-chain data analyst @ai_9684xtpa stated that Hyperliquid has taken over a $5 million short position in jellyjelly due to automatic liquidation by traders, which is currently showing a floating loss of $10.63 million (approximately $6 million at the time of publication). If the opposing side pushes the coin price up to around $0.17, Hyperliquid Vault will face liquidation and lose its current holdings of $240 million.