It looks like you're referring to a short liquidation scenario involving PEPE token. Based on the details you've shared, here's the breakdown:
1. 1000 PEPE short position:
This means someone has shorted 1000 units of the PEPE token.
2. Liquidation Price: $7.3979K
This likely represents the liquidation price for the short position. In shorting, if the market price increases to a certain point, the trader’s position will be automatically closed (liquidated) to prevent further losses.
3. Entry Price: $0.00785
This is the price at which the trader entered the short position. Essentially, they were betting that the price of PEPE would fall below this level.
When the price of the asset rises to $7.3979K, it triggers the liquidation of the short position. This scenario would likely be the result of the price moving against the trader’s expectations.
---
If you meant something different by "Best details," please let me know so I can refine the explanation.$PEPE