2026-01-06 01:27:17

Interesting data. On-chain monitoring shows that a wallet that was recently established has been quite active—invested 5 million USDC and then started leveraging on a certain exchange. LINK had a 5x long position, DOGE went straight to 10x, and the entire position size reached $28.2 million. Sounds aggressive, right? The current situation is a floating loss of about $600,000. This kind of play is indeed risky in a bear market, especially with highly volatile coins like DOGE; a slight adverse move with 10x leverage can easily lead to liquidation. However, from on-chain data, such large transactions are still worth paying attention to, as they may reflect market expectations of certain whales or institutions.

DOGE-1,74%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
7
Repost
Share

Comment

0/400

StopLossMaster

· 01-07 20:44

This guy really dares to play, sending 10x doge directly to the exchange. Speaking of the new wallet being so crazy, luckily only a floating loss of 600,000. The volatility of doge, leveraged players will eventually get burned. But indeed, paying attention to such big moves indicates someone is betting on something. That's why I stick to less than 5x, saving my life is the priority. Watching this, I feel nervous for him; liquidation is just one step away. Whale confidence can sometimes be really close to bankruptcy.

View OriginalReply0

UncleLiquidation

· 01-06 10:41

Oops, another new wallet player being dominated by leverage 10x DOGE leverage, this guy is really brave, a floating loss of 600,000 is nothing, just wait for the moment of liquidation Whale? I think it looks like a retail investor who will lose money... Copying homework to this extent, it's really ruthless $28 million position, does this mean the market is about to take off? Or just looking for death? Did you find out the wallet address? I need to see whether to continue adding to the position or run away

View OriginalReply0

GateUser-afe07a92

· 01-06 01:57

10x DOGE leverage, this guy really isn’t afraid of death, still holding on after a 600,000 loss? --- New wallet throws 28 million to play with leverage, is this a whale testing the waters or just looking for death? --- I just laugh at 10x DOGE, this brother really has guts, just waiting for the margin call moment. --- 500K USDC comes in and immediately goes full margin? This style of operation seems institutional, but the market sense is just so-so. --- Honestly, losing 600,000 this round isn’t even the worst, adding more leverage is the real killer. --- New wallet, large positions, high leverage—aren’t these the standard moves for whales testing the waters? --- DOGE 10x goes up and then crashes down, playing like this every time makes me emotionally exhausted for him. --- A $28.2 million position was completely wrecked by DOGE, this is truly outrageous. --- Large on-chain moves like this are becoming more common, but I wonder if this guy is a gambler or really has an informational edge.

View OriginalReply0

AirdropFatigue

· 01-06 01:56

10x DOGE leverage? This guy really dares to play, losing 600,000 just as tuition --- Another new wallet goes all-in immediately, a typical rookie's self-discipline --- Being down 600,000 yet still calmly posting data, either a whale or a lunatic --- LINK five times, DOGE ten times, this risk appetite... I don't understand but I'm deeply shocked --- A $28 million position lost $600,000 in one wave, leverage really is a cash machine, huh --- I just want to know if this wallet dares to add more positions later, that's the key --- Playing so aggressively right after establishment, truly a rookie who isn't afraid of tigers --- Compared to the loss, I want to know if this is an institution or some rich second-generation's account --- Still daring to operate like this in a bear market, either well-informed or just a gambling dog --- Playing volatile coins with 10x leverage, this is called seeking death

View OriginalReply0

GhostAddressHunter

· 01-06 01:47

10x DOGE leverage, this guy is really daring, floating loss of 600,000 and still not liquidated, he's lucky New wallet deposits 28.2 million, either a whale or a lunatic, I bet it's the latter This move in a bear market is basically giving away your head, a slight jump in DOGE and you'll witness a miracle On-chain data is indeed worth monitoring, but such high leverage will eventually cost you tuition Starting so aggressively right from the beginning, aren't you afraid of a liquidation that sets you back to square one?

View OriginalReply0

AirdropDreamer

· 01-06 01:46

10x DOGE leverage? This guy really dares to play, with a 600,000 floating loss and not yet liquidated, that's luck. If this wave rebounds, how much would it take to break even... but I bet he can't handle the psychological pressure and will run first. On-chain large transactions definitely need to be watched, but more importantly, keep an eye on your own risk control. Using DOGE for 10x leverage feels like just throwing a tantrum. The new wallet directly dumped $28 million, either missing a crucial detail or really knowing some insider info. The liquidation warning light has already turned on, brother. That's why I only play below 3x... staying alive is more important than making money.

View OriginalReply0

AirdropHarvester

· 01-06 01:34

This new wallet is amazing, directly 10x DOGE, either a genius or a lunatic. DOGE is just a gambling monster, a floating loss of 600,000 is just the beginning. Do all whales play like this? Why am I still holding coins? This move feels like betting on some trend coming. This new wallet dares to do this, their courage is too big. Want to see how this guy ends up, whether he cuts losses or rebounds. 10x leverage with DOGE, it's not far from liquidation. Maybe they are just doing arbitrage, and we are just analyzing blindly. On-chain data looks good, but the floating loss is still expanding. I want to join in but also feel a bit timid, let's just watch.

View OriginalReply0