A whale address has opened a PENGU 3x short position, with a unrealized loss of $10.74 million over 17 days

BlockBeats News, July 21st, according to on-chain analyst Ai Auntie (@ai_9684xtpa), address 0x670...af6e0 opened a $18.42 million worth PENGU 3x short position, with an opening price of $0.01609, a liquidation price of $0.04028, and is currently unrealized loss of $10.74 million.

This is the largest PENGU contract position currently on the Hyperliquid platform, with the PENGU price rising from $0.01609 to $0.03879 during the opening.