You're referencing a short liquidation event for $PENGU with the following details

Short liquidation amount: $3.6443K likely representing a loss or the total value involved, which is $3,644.30

Liquidation price: $0.03036 the price at which the short position was liquidated

This means the trader had a short position in $PENGU expecting the price to decline. However, when the price instead increased to $0.03036, the position was liquidated to prevent further losses. Short liquidations happen when the price rises, moving against the trader's bet, and the position is closed to avoid greater financial losses

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