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Analyst: JELLY Short Position Liquidated for up to $50M, Liquidation Price $0.141

3 days ago

On March 26th, on-chain data analyst Yu Jin posted that during this JELLY event, the address with the largest short position in JELLY will be liquidated, and this will not have an impact on the other two strategy addresses of the HLP Treasury. The liquidator address holds 50 million funds. The liquidation price of the current 3.98 billion JELLY short position is $0.141. However, the current JELLY price is $0.033. In order to "blow up" the liquidator address, JELLY would need to rise more than 3 times.
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