PANews reported on March 26 that Hyperliquid has forced JELLY longs to sell their positions to the vault at a 75% discount to the oracle price. According to on-chain analyst Ember’s monitoring, Hyperliquid has closed 392 million JELLY short positions at a settlement price of $0.0095, which was the price at which the 0xde9...c91 short address opened a short position. The current JELLY price is $0.025.
Hyperliquid settled 392 million JELLY short orders at $0.0095, which was the previous opening price of the short address.
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