$PENGU Long Liquidation: $17,551 Wiped Out at $0.03,8976.
The market saw significant turbulence as $PENGU faced a sharp correction, leading to a $17,551 liquidation of long positions.
The decline to $0.03928 reflects a decisive shift in sentiment, catching over-leveraged traders off guard and amplifying volatility.
This liquidation event signals a weakening bullish trend for PENGU as selling pressure intensifies.
Such moves often lead to a test of critical support levels, with market participants watching closely for signs of stabilization or further downside momentum.
As $PENGU navigates this challenging phase, traders will need to assess whether this marks a temporary pullback or the onset of a broader downtrend.
The coming sessions could provide key insights into the coin's next direction.