Key Takeaways
- A new wallet placed a 10x leveraged long on 20 million DOGE worth $2.25M on May 16, per Lookonchain.
- The $0.10284 liquidation price leaves under 10% margin from current dogecoin spot price near $0.1086.
- DOGE whale holdings hit record levels in May 2026, even as price consolidates below $0.12.
High Stakes, Tight Margin
A 10x leveraged position amplifies profits and losses by a factor of ten such that if DOGE rises 10%, the trader earns the equivalent of a 100% return on capital. If it falls 9%, the position is wiped out entirely.
The leveraged long comes amid a broader uptick in dogecoin whale accumulation. Whale holdings in DOGE reached record levels in May 2026, with large addresses…
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Source news.bitcoin.com
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