It looks like you're referring to a short liquidation event involving $ALGO , the cryptocurrency of the Algorand blockchain. Here's the breakdown of the information
$ALGO This refers to Algorand's native cryptocurrency, ALGO.
Short Liquidation: A short liquidation occurs when a trader holds a short position on an asset, betting that its price will decrease. However, if the price rises, the position is liquidated to cover the losses.
$2.4894K: This indicates the liquidation amount, which is approximately $2,489.40.
At $0.3753: The position was liquidated when the price of ALGO reached $0.3753 per coin.
In summary, the short position on $ALGO was liquidated when the price hit $0.3753, and the liquidation value was $2,489.40. This means the trader likely faced a loss, as the price of ALGO rose, causing the short position to be closed.
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