In the case you mentioned:

$XLM Short Liquidation: Refers to a short liquidation event involving Stellar cryptocurrency. Traders who had bet on price going down (short positions) were forced to close their positions when the price rose.

$1.4517K: This indicates the amount of money involved in the short liquidation, which equals $1,451.70.

At $0.40416: This is the price level of $XLM at which the liquidation happened.

Therefore, shorts were liquidated when the price reached $0.40416, resulting in a liquidation value of $1,451.70. This suggests that the price of increased, forcing traders with short positions to close those positions, thus causing the liquidation.

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