CoinVoice has recently learned that, according to on-chain analyst @ai_9684xtpa, address 0x670...af6e0 opened a 18.42 million USD short position on PENGU with a opening price of 0.01609 USD and a liquidation price of 0.04028 USD, currently having an unrealized loss of 10.74 million USD.

This is the largest PENGU contract position on the Hyperliquid platform at present. During the opening period, the price of PENGU increased from 0.01609 USD to 0.03879 USD. [Original link]