An address identified as 0xdDE bought about $10m of ether after its dogecoin holdings lost more than $2m, Arkham monitoring shows. The whale still appears to be betting on a sharp dogecoin rally, which could widen its overall losses if ether fails to rise.
The story so far: Whale altcoin position tracked on-chain
A whale holding a $5.35m DOGE long was down $1.53m and 3.65% from liquidation, after earlier liquidations of DOGE, XRP and LIT positions. The same address has now bought about $10m of ether after its dogecoin holdings lost more than $2m, while still betting on a sharp dogecoin rally.
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Whale buys $10m of ether after losing more than $2m on dogecoin
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