A trader identified as a "smart whale" by Lookonchain has initiated significant leveraged long positions in Bitcoin, Ethereum, and Dogecoin, totaling approximately $21 million. The wallet, 0x152e, opened perpetual longs of 4,601 ETH (~$9.82 million), 118.2 BTC (~$9.11 million), and 19.47 million DOGE (~$2.04 million). The DOGE position, while notable, is the smallest, indicating a broader bullish strategy focused on Bitcoin and Ethereum.
Lookonchain reports that the wallet has a history of profitable trades, with $24.79 million in total profit. The trader has also placed limit orders to potentially increase BTC and ETH positions, suggesting a strategic scaling approach. The wallet's holdings include significant spot positions in Zcash and Hyperliquid, with unrealized gains of $3.5 million and $2.2 million, respectively. Despite the attention these trades attract, they do not necessarily signal a market-wide demand shift for Dogecoin, which was trading at $0.10429 at the time of the report.
Smart Whale Opens $21M Leveraged Longs in BTC, ETH, and DOGE
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