A prominent Dogecoin whale has placed a $21.24 million leveraged bet following a $2.14 million profit from a previous position. The whale, known as address 0x6adb, capitalized on Dogecoin's price increase from $0.19 to $0.24, closing a long position after 63 hours. Subsequently, the whale re-entered the market with a 10x leveraged long position on 84.08 million DOGE, quickly gaining an unrealized profit of $1.64 million. Dogecoin's performance in July 2025 has been robust, with a 53.6% increase, marking a strong start to Q3. The memecoin's open interest in the derivatives market has exceeded $4 billion, reflecting heightened investor interest. The $0.25 price level has emerged as a support zone, suggesting potential for further gains if maintained.