The details you provided indicate the liquidation of a short position in $PENGU likely a token or cryptocurrency with the following specifics:

Liquidation value: $1,764.20 — this represents the value of the position that was liquidated, or the loss incurred.

Liquidation price: $0.03103 — this is the price at which the short position in $PENGU was liquidated.

In the case of a short position, traders profit when the price of the asset declines. However, if the price rises, the trader incurs a loss. In this case, the price of $PENGU increased to $0.03103, leading to the liquidation of the short position.

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