It is a truth universally acknowledged, that a single man in possession of a large fortune must be in want of showing off his financial acumen, particularly when it comes to the whimsical world of cryptocurrencies. In a move that has set tongues wagging and eyebrows raised in the crypto community, a gentleman of considerable means has placed a rather substantial wager on the charming and oft-mocked Dogecoin (DOGE).
According to the discerning eyes at Lookonchain, our mysterious benefactor, known only by the cryptic moniker “0x6adb,” has opened a 10x leveraged long position on a staggering 84.08 million DOGE, a sum that would make even the most jaded financier pause and consider the state of their own portfolio. At the time of this audacious transaction, the value of this position was estimated to be around $21.24 million, a figure that one can scarcely fathom without a moment of silent reflection.
Whale 0x6adb closed his $DOGE long at the top yesterday, locking in a $2.14M profit.
10 hours ago, he jumped back in — going 10x long on 84.08M $DOGE($21.24M), with an unrealized profit of $1.64M.
Smart moves!
— Lookonchain (@lookonchain) July 19, 2025
One cannot help but marvel at the sheer audacity of such a maneuver. The enormity of the position, coupled with the 10x leverage, suggests a level of confidence and bravado that is both admirable and, perhaps, a touch alarming. Such leveraged bets are the stuff of legend, often signaling a strong conviction, access to deep liquidity, and a keen sense of the market’s fleeting moods.
Alas, the market, ever the capricious mistress, has seen DOGE fall by 3.4% in the last 24 hours, settling at $0.242. Yet, this slight downturn has done little to dampen the spirits of those who have watched Dogecoin’s steady ascent since July 15, a period marked by four consecutive days of gains, culminating in an intraday high of $0.257 on a recent Saturday morning.
What happened?
Upon closer inspection, it becomes clear that our intrepid investor is no stranger to the high-stakes game of crypto trading. According to the meticulous records kept by Lookonchain, the very same address recently closed a previous DOGE long position at the peak, securing a handsome profit of $2.14 million. This track record of success lends a certain gravitas to the latest venture, suggesting that this whale possesses a rare combination of skill, luck, and a finely tuned sense of market timing.
And so, with the grace of a seasoned gambler, the whale re-entered the fray, this time with a 10x leveraged long position on 84.08 million DOGE, a sum that, at the time of the trade, was valued at approximately $21.24 million. The trade, as fate would have it, is already showing promise; the latest update from Lookonchain indicates an unrealized profit of $1.64 million, a sum that would surely elicit a nod of approval from the most discerning of investors.
According to the chart provided by Lookonchain, the whale appears to have entered the 84.08 million DOGE bet at a price of $0.233, a figure that, while slightly below the current DOGE price of $0.242, leaves ample room for speculation about the whale’s next bold move. The market, it seems, is holding its breath in anticipation of what this cunning and well-heeled individual will do next. 🎭💰
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2025-07-19 18:52