A whale shorted PENGU 3 times and suffered a floating loss of $10.74 million, and is facing liquidation risk

Odaily News According to Ai Yi, an analyst on the chain, the wallet with the address 0x670...af6e0 opened a 3x leveraged short position of PENGU worth $18.42 million on the Hyperliquid platform on July 10, which is facing liquidation risk. The short position was opened at $0.01609 and the liquidation price was $0.04028. Currently, the price of PENGU has risen to $0.03879, and the short position has a floating loss of $10.74 million.