#Whale.Alert
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A certain whale shorted PENGU with 3x leverage on Hyperliquid and faced a liquidation, losing 13.16 million dollars. They even reopened a small short position with 2x leverage, totaling a loss of 10.6 million dollars.
This guy is really pushing it. Just when PENGU broke 0.04 dollars and rose by 7%, he went against the trend to short, and as a result, he was severely taught a lesson by the market. I think this reflects the crazy volatility of Meme coins, which can easily lead leveraged players to lose everything.
Looking at today’s memecoin market cap explosion of 37 million on Solana, the Meme craze is in full swing. However, cases like Crypto Beast manipulating ALT to crash and cashing out 11 million dollars remind everyone not to blindly chase highs.
In the future? Coins like PENGU might still surge in the short term, but if the whale liquidation wave continues, the market's fear index will rise. It is recommended to watch more and act less, and to tighten stop-loss lines.
