A recent short position on #1000PEPE cryptocurrency token with a value of $115,000 was liquidated as the token's price rose to $0.0116 .
The trader had taken a short position effectively betting that 1000PEPE’s price would drop. However as the price instead increased to $0.0116, the platform automatically closed the position to prevent further losses triggering a liquidation.
Such events are common in leveraged trading where significant price movements in the opposite direction of a trader’s position can lead to forced closures.
In this case the unexpected rise in 1000PEPE's price led to an automatic exit from the trade resulting in a loss for the trader due to the unfavorable price shift.
