A serious Dogecoin whale is making a daring $21.24 million leveraged wager simply days after locking in a multi-million-dollar revenue. The transfer, which was revealed by Lookonchain, sparked curiosity amongst crypto traders on the social media platform X. This comes as Dogecoin is starting to deviate from its bearish Q3 historical past with a powerful efficiency prior to now seven days.
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Whale Makes Excessive-Stakes On Dogecoin
In accordance with on-chain transaction monitor Lookonchain, a crypto whale recognized as tackle 0x6adb just lately closed a earlier lengthy place on Dogecoin with a tidy $2.14 million revenue. In accordance with data from HyperDash, this place was open for 63 hours and was ultimately closed on July 18. The entry was spot on, and the place was capable of take full advantage of Dogecoin’s push from $0.19 to $0.24 inside this time interval.
Nonetheless, what makes this commerce notable isn’t simply the dimensions of the acquire however the truth that the whale instantly re-entered the market with much more confidence. A number of hours after exiting, the whale opened a brand new 10x leveraged lengthy place on 84.08 million DOGE, which was price roughly $21.24 million on the time.
Apparently, the brand new lengthy place was timed almost completely once more. As famous by Lookonchain, the place shortly moved within the whale’s favor, racking up an unrealized revenue of $1.64 million.
Whale 0x6adb closed his $DOGE lengthy on the prime yesterday, locking in a $2.14M revenue.
10 hours in the past, he jumped again in — going 10x lengthy on 84.08M $DOGE($21.24M), with an unrealized revenue of $1.64M.
Good strikes! https://t.co/f3FekXx5yg pic.twitter.com/zc2tYXnLeP
— Lookonchain (@lookonchain) July 19, 2025
Dogecoin Enters Q3 With 53% Achieve
Dogecoin’s sturdy efficiency in July has marked a optimistic begin for its worth motion in Q3 2025. Apparently, the final time Dogecoin ended Q3 with a optimistic shut was in 2020. Since then, the memecoin has posted Q3 losses for six consecutive years, starting from 6.9% in 2023 to as excessive as 18% in 2021.
Nonetheless, because it stands, data from CryptoRank exhibits that Dogecoin is now experiencing a 53.6% improve in Q3 2025. On the time of writing, Dogecoin is buying and selling at $0.253, marking a 28% improve from $0.197 only a week in the past.
In accordance to CoinGlass data, Dogecoin’s open curiosity on the derivatives market has crossed over the $4 billion mark for the primary time since February. This knowledge exhibits that there are numerous energetic members and powerful curiosity in Dogecoin, which is a optimistic outlook for its worth motion within the new week.
The $0.25 worth stage is now a assist zone and Dogecoin could embark on a strong move to $0.30 and past within the new week if this flooring holds. Nonetheless, any decisive drop below it will flip sentiment fast.
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For a dealer with a 10x lengthy place, even a ten% dip in Dogecoin’s worth will push the commerce deep into detrimental territory. The whale’s place could possibly be liquidated or severely impacted if Dogecoin retraces to earlier assist ranges round $0.22 or decrease.
Featured picture from Unsplash, chart from TradingView