A whale address opens a 3x short position on PENGU, incurring an unrealized loss of $10.74 million in 17 days

According to Jinse Finance, on-chain analyst Ai Yi (@ai_9684xtpa) has monitored that address 0x670...af6e0 opened a $18.42 million 3x short position on PENGU, with an entry price of $0.01609 and a liquidation price of $0.04028. The current unrealized loss stands at $10.74 million. This is the largest PENGU contract position on the Hyperliquid platform at present. During the period the position was opened, the price of PENGU rose from $0.01609 to $0.03879.