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A significant Dogecoin whale is placing an audacious $21.24 million leveraged wager mere days after securing a multi-million-dollar profit. This action, disclosed by Lookonchain, has generated excitement among cryptocurrency enthusiasts on the social media site X. This occurs as Dogecoin is <\/span>beginning to diverge from<\/span><\/a> its decline in Q3 history, showcasing robust performance over the last week.<\/span><\/p>\n As per on-chain transaction tracking service <\/span>Lookonchain<\/span><\/a>, a cryptocurrency whale recognized as address 0x6adb recently exited a previous long position on Dogecoin, netting a respectable $2.14 million profit. According to <\/span>data from HyperDash<\/span><\/a>, this position was maintained for 63 hours, ultimately closing on July 18. The entry was precisely timed, allowing the position to <\/span>fully capitalize on<\/span><\/a> Dogecoin\u2019s rise from $0.19 to $0.24 during this timeframe.<\/span><\/p>\n Nonetheless, what renders this trade remarkable is not solely the magnitude of the profit but the fact that the whale promptly re-entered the market with even greater assurance. Just hours after exiting, the whale initiated a fresh 10x leveraged long position on 84.08 million DOGE, valued at around $21.24 million at that moment.\u00a0<\/span><\/p>\n Interestingly, the timing of the new long position was again nearly impeccable. As noted by Lookonchain, the position rapidly swayed in the whale\u2019s favor, accumulating an unrealized profit of $1.64 million.<\/span><\/p>\n Whale 0x6adb closed his $DOGE<\/a> long at the peak yesterday, securing a $2.14M profit.<\/p>\n 10 hours ago, he re-entered \u2014 going 10x long on 84.08M $DOGE<\/a>($21.24M), with an unrealized profit of $1.64M.<\/p>\n Smart strategies! https:\/\/t.co\/f3FekXx5yg<\/a> pic.twitter.com\/zc2tYXnLeP<\/a><\/p>\n \u2014 Lookonchain (@lookonchain) July 19, 2025<\/a><\/p>\n<\/blockquote>\n Dogecoin\u2019s robust showing in July marks a favorable commencement for its price movement in Q3 2025. Notably, the last occasion Dogecoin concluded Q3 on a positive note was in 2020. Since then, the meme-inspired currency has recorded Q3 declines for six straight years, fluctuating from 6.9% in 2023 to as much as 18% in 2021.\u00a0<\/span><\/p>\n Currently, <\/span>data from<\/span><\/a> CryptoRank indicates that Dogecoin is now witnessing a 53.6% rise in Q3 2025. As of this writing, Dogecoin is trading at $0.253, representing a 28% increase from $0.197 just a week prior.\u00a0<\/span><\/p>\n According<\/span> to CoinGlass statistics<\/span><\/a>, Dogecoin\u2019s open interest in the derivatives sector has surpassed the $4 billion threshold, a first since February. This data suggests a significant number of active participants and strong enthusiasm in Dogecoin, presenting a promising outlook for its price trajectory in the upcoming week.<\/span><\/p>\n The $0.25 price point now functions as a support area, and Dogecoin <\/span>might initiate a powerful ascent<\/span><\/a> toward $0.30 and beyond in the forthcoming week if this baseline holds. Conversely, any significant decline<\/span> below this will swiftly alter sentiment.\u00a0<\/span><\/a><\/p>\n For a trader holding a 10x long position, a mere 10% drop in Dogecoin\u2019s price could push the trade considerably into the red. The whale\u2019s position could face liquidation or severe distress if Dogecoin reverts to earlier support levels around $0.22 or lower.<\/span><\/p>\n Image courtesy of Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\nAssociated Reading<\/span><\/h2>\n<\/p>\n
Whale Engages in High-Risk Bet on Dogecoin<\/b><\/h2>\n
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Dogecoin Kicks Off Q3 With 53% Surge<\/b><\/h2>\n
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