$PENGU : Refers to the native token of a particular project, though this could be a token or one that's more niche. It could be related to a meme or cryptocurrency, similar to others like $DOGE or $PEPE.

Short Liquidation: This indicates that a trader had taken a short position on $PENGU, betting that its price would fall. However, the price of increased, leading to the forced liquidation of the position to limit further losses.

$5.4249K: This is the total value of the short position that was liquidated, which is $5,424.90.

$0.03968: This is the price at which the short position was liquidated, meaning that the price of $PENGU reached $0.03968 when the position was closed.

To summarize, the trader was betting that the price of $PENGU would fall, but when the price rose to $0.03968, the position was liquidated, leading to a liquidation of $5,424.90.

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