Whale Wallet, which famously dumped 255 BTC in December, has just flipped the switch. This time, they are long over 15.6 million in Dogecoin. $Dogeusing 10x leverage.
According to Hyperliquid’s trading data, the position has a total notional amount of $2.14 million and already has an unrealized loss of $8,331, with the entry marked at $0.137621. $Doge.
This long Dogecoin was not the whale’s only new play, it was accompanied by a 5x short position in the privacy coin DASH at the same time. Most of the rest of the portfolio is focused on $232.4 million worth of Ethereum, $146.9 million worth of Bitcoin, and $69.7 million worth of Solana. And yes, these are all long-term exposures.
Total active perpetual value is now $457 million, with a leverage ratio of approximately 11.35x and a total variable portfolio drawdown of $3.31 million.
There’s no room for mistakes
The move towards Dogecoin comes at a time when the memecoin is struggling to regain its December high of $0.15209. price of $Doge It briefly rose, but then fell to $0.13721, resulting in a volatile week with essentially no clear breakout.
Funds become negative, $Doge The timing of this new long position is quite aggressive as the resistance cannot be broken. Perhaps the anonymous whale is aiming to flip the entire altcoin market.
This is not a low leverage test bet. At 10x, even small price movements will quickly liquidate or amplify your profits. liquidity $Doge The position is marked at $0.12309 with a small margin of error remaining. So, I opened Long with confidence.
Dogecoin may be quiet right now, but this whale bet suggests fireworks are to be expected, and soon.