An anonymous cryptocurrency whale recently experienced a significant loss after a leveraged short position on the memecoin PENGU was liquidated. Onchain Lens reported the whale lost a staggering 18.2 billion KRW, equivalent to $13.16 million, due to the forced closure of a 3x short position. Despite this substantial loss, the whale appears undeterred. According to on-chain data, the entity has already opened a new short position on PENGU, this time utilizing 2x leverage. This bold move suggests either a strong conviction that PENGU's price will decline or a high tolerance for risk. The crypto community is closely watching to see if this second short position will prove more profitable than the first. PENGU's volatile nature makes it a risky asset for both long and short positions. ```