Biggest $PENGU Short on Hyperliquid Nearing Liquidation — $10.36M in the Red

Just 17 days ago, wallet 0x670d84e3fe337ce955fd5f5b694f246635caf6e0 opened the largest PENGU contract position on Hyperliquid — a 3x short worth $18.42 million, with an entry price of $0.01609.

Since then, PENGU has surged to $0.03879, pushing the position into a massive floating loss of $10.36 million. With a liquidation price at $0.04028, this trade is now dangerously close to getting wiped out.

What started as a high-conviction short is turning into one of the most painful trades on-chain — and unless #PENGU pulls back soon, liquidation is just around the corner.