Gilera Runner Temperature Gauge Problem After Bike Overheating?

$carface

New member
My bike overheated today (Gilera Runner 50cc SP 05 plate) and i left it to cool down, it now starts but when i turn the key the temperature gauge goes all the way to the top, is this a gauge problem or a serious engine problem?

Has anyone had any similar experiences and fixes?
I just checked it and all the coolant is leaking from the engine?
 
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