This statement indicates that a long position in the cryptocurrency $PNUT was liquidated, resulting in a loss of $5,331.6 when the price of $PNUT dropped to $0.5857.

Here’s a breakdown:

Long liquidation: Occurs when the price of the asset drops below the liquidation price, forcing the position to close due to insufficient margin.

$5.3316K: The total value of the liquidation.

$0.5857: The price of $PNUT at the time of liquidation.

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