A newly created wallet has opened a significant 10x long position on Dogecoin (DOGE) worth $2.25 million on the Hyperliquid platform. The position involves 20 million DOGE at an average price of $0.11, according to on-chain analytics from Lookonchain. The current liquidation price for this position is set at $0.10284, indicating a high-stakes bet on the cryptocurrency's price movement.