A whale wallet eminent for dumping 255 BTC reduction in December has correct flipped the swap. This time, they’re going long on Dogecoin with over 15.6 million DOGE, the exhaust of 10x leverage.
In step with Hyperliquid trading records, the insist totals $2.14 million in notional cost, already sitting on an $8,331 unrealized loss, with the entry marked at $0.137621 per DOGE.
This Dogecoin long isn’t very the whale’s easiest fresh play as it became accompanied with a 5x rapid insist on privateness coin DASH on the same time. The relaxation of the portfolio is in most cases centered on Ethereum price $232.4 million, Bitcoin price $146.9 million and Solana price $69.7 million — and certain, these all are long publicity.
The total stuffed with life perpetual cost is now at $457 million, with the leverage ratio at spherical 11.35x and a floating portfolio-wide drawdown of $3.31 million.
No room for error
The inch into Dogecoin comes at a time when the meme coin is struggling to reclaim its December high of $0.15209. The price of DOGE had a rapid surge, but has since dropped to $0.13721, in total making it a unstable week without a determined breakout.
With the funding being negative and DOGE not being in a insist to shatter via the resistance, the timing of this fresh long insist is excellent aggressive — per chance the anonymous whale is aiming for a reversal in the altcoin market on the total.
That isn’t very a low-leverage test wager. At 10x, even little label modifications will quickly liquidate or lengthen good points. The liquidity for the DOGE insist is marked at $0.12309, leaving a slim margin for error. So, the long became opened with conviction.
Dogecoin could well be aloof now, but this whale’s wager suggests fireworks are anticipated — and quickly.
