PENGU PERP on Swapmos, up to 20x

PENGU came out of the Pudgy Penguins NFT brand, and it trades on attention: collection floor moves, brand partnerships, retail distribution and meme cycles. Fundamentals play little part, so ranges can be wide. As a perpetual on Swapmos it is margined in USDC, has no expiry, and exchanges funding between longs and shorts. Twenty times leverage shortens the distance to liquidation.

Taking you to the live market

Leverage works in both directions. At 100x, a 1% move against a position takes out all of the margin behind it.