u.today
A whale wallet famous for dumping 255 BTC back in December has just flipped the switch. This time, they are going long on Dogecoin with over 15.6 million $DOGE, using 10x leverage.
According to Hyperliquid trading data, the position totals $2.14 million in notional value, already sitting on an $8,331 unrealized loss, with the entry marked at $0.137621 per $DOGE.
This Dogecoin long is not the whale's only new play as it was accompanied with a 5x short position on privacy coin DASH at the same time. The rest of the portfolio is mostly focused on Ethereum worth $232.4 million, Bitcoin worth $146.9 million and Solana worth $69.7 million — and yes, these all are long exposure.
The total active perpetual value is now at $457 million, with the leverage ratio at around 11.35x and a floating portfolio-wide drawdown of $3.31 million.
No room for error
The move 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 brief surge, but has since dropped to $0.13721, basically making it a volatile week with no clear breakout.
With the funding being negative and $DOGE not being able to break through the resistance, the timing of this new long position is pretty aggressive — maybe the anonymous whale is aiming for a reversal in the altcoin market in general.
This is not a low-leverage test bet. At 10x, even small price changes will quickly liquidate or amplify gains. The liquidity for the $DOGE position is marked at $0.12309, leaving a narrow margin for error. So, the long was opened with conviction.
Dogecoin may be quiet now, but this whale’s bet suggests fireworks are expected — and soon.