Crypto Whales Open Large DOGE and Chainlink Long Positions Worth Millions

According to Lookonchain, whale-linked wallets opened major long positions in DOGE, Chainlink, and kPEPE, with additional buy orders and leveraged exposure underscoring sizable bullish bets across multiple crypto assets.

DOGE
LINK

Summary

According to blockchain analytics firm Lookonchain, large crypto holders opened long positions in 37.59 million Dogecoin and 271,100 Chainlink worth about $6.33 million, while wallet addresses 0x3109 and 0x5687 placed buy orders for another 48.12 million Dogecoin and 851,400 Chainlink worth about $12.58 million. Separately, Lookonchain said two wallets likely tied to the same whale opened 10x leveraged long positions in 1.31 billion kPEPE worth about $4.62 million over the past three hours. Together, the reported activity highlights sizable bullish positioning by whale-linked wallets across DOGE, Chainlink, and kPEPE, combining spot buy interest with leveraged directional bets.

Terms & Concepts
  • Long positions: Trades designed to profit if an asset’s price increases over time.
  • Whales: Market participants that hold or trade unusually large amounts of cryptocurrency, often with the ability to influence market sentiment.
  • 10x leverage: A trading multiplier that gives a position ten times the trader’s collateral exposure, increasing both potential returns and liquidation risk.