There seems to be intentional manipulation of the price of JellyJelly coin, and the Hyperliquid treasury may face liquidation and losses

PANews reported on March 26th, according to @ai_9684xtpa monitoring, the $5 million short position in jellyjelly automatically liquidated by traders has already suffered a floating loss of $10.63 million. If the counterparty pushes the coin price up to around $0.17 (currently it is $0.16004), the vault will face liquidation and lose its current holdings of $240 million.

It seems that there are already funds deliberately raising the price of jellyjelly coins, which have risen by 230% in nearly an hour. What's worse is that Hyperliquid Vault's funds seem to be decreasing, which will further squeeze out the liquidation price.