A newly created wallet opened a 20 million DOGE long position valued at $2.25 million using 10x leverage, according to Lookonchain (blockchain analytics platform). The position was opened within the past six hours. Lookonchain said the trade carries a liquidation price of $0.10284, the level at which the position may be forcibly closed if the market moves against it. Leveraged crypto trades amplify both potential gains and losses, making liquidation levels an important risk indicator for traders tracking large on-chain positions.