It seems you're referring to a short liquidation event for the asset or stock with the ticker $ACT The details you provided indicate:

$1.1823K worth of the short position has been liquidated, which equals $1,182.30.

The liquidation price is $0.30254.

This means that a short position on $ACT was forcibly closed at a price of $0.30254. Short liquidations occur when the price of an asset rises, forcing those who have bet against the asset (short sellers) to buy back the shares to cover their positions, potentially leading to further upward price pressure if the liquidation is significant.

Let me know if you'd like more insights or further clarification

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