Sure, let’s see. So, there’s this gigantic Dogecoin whale, right? And they’ve decided to throw a whopping $21.24 million into the pot. Honestly, just days after nabbing a crazy profit already. I mean, why not, right? Lookonchain spills the beans, and suddenly the crypto folks on X can’t stop buzzing. It’s like Dogecoin’s shaking off its usual Q3 gloom with a nice little boost this week. Kind of cool.
Alright, here’s where it gets wild. This crypto bigwig, address 0x6adb if you care, just wrapped up a long play on Dogecoin. Bagged a neat $2.14 million. Who wouldn’t be satisfied? Me, I’d be outta there. But nope, right after cashing out, they’re back at it, jumping in with a crazy 10x leverage on 84.08 million DOGE. Yep, that’s $21.24 million right there. I’m guessing they really love a good adrenaline rush or something.
Ever notice how these trades seem perfectly timed? It’s like they’ve got a crystal ball or something. Not long after diving back in, Lookonchain’s all over it again with the deets – the position’s already netting an unrealized $1.64 million. Nuts how fast that climbs, yeah?
So, Dogecoin’s having a bit of a celebration. July decides to play nice and it’s off to a fab start for Q3 2025. Funny thing, last time we saw a happy Q3 for Doge was 2020. Seriously, six years of losses after that? Like, talk about a rollercoaster. Ranging between 6.9% down in 2023 to a hefty 18% in 2021.
But hang on, the story snaps into present day, and whoosh, a 53.6% leap in Q3 2025. Right now, Doge’s chilling at $0.253, up from $0.197 a week back. Makes my head spin just thinking about it. The derivatives market is having a party too, crossing the $4 billion hump for the first time since February. Lots of folks jumping into the Doge game with big hopes, dreaming it jumps even higher. Can’t blame ‘em.
That $0.25? It’s like the seatbelt keeping us from flying out the carriage. Dogecoin’s aiming for the moon, possibly $0.30 and up if the belt holds. Though, even a slight slip below and it’s like, mayhem. Those shaky knees kinda come with the territory, huh?
To add a cherry on top, if you’re riding a 10x position, just wait for a 10% dip. That’s enough to make any trader sweat bullets. This whale might be looking at liquidation, panic stations if the price slips back to $0.22 or worse. Crypto, always a wild ride.
So yeah, that’s the buzz. Keep your eyes peeled and your fingers crossed, I guess.
