Yes

>>Whales are boosting their positions in LINK and DOGE, holding millions in leveraged long contracts.

Whales are boosting their positions in LINK and DOGE, holding millions in leveraged long contracts.

crypthub

about 18 hours ago

Whale Leverage Surge

Large crypto whales are increasing leveraged long exposure to Chainlink (LINK) and Dogecoin (DOGE). On‑chain data from Lookonchain identifies two major wallets with multi‑million‑dollar 10x and 3x long positions. The first wallet (0x3109…) holds 27.38 M DOGE and 162.7 k LINK on 10x leverage and has limit orders for more at lower prices. The second wallet (0x5687…) carries 10.21 M DOGE on 3x and 108.4 k LINK on 10x, also with pending limit buys.

Positions and Risks

Such leveraged bets signal strong conviction but expose traders to high risk; a 10% price decline can wipe out the margin. The parallel buildup across both assets suggests a coordinated thesis rather than isolated speculation. LINK benefits from recent network upgrades and expanding oracle adoption, while DOGE draws on its large retail following and social‑media‑driven volatility.

Market Implications

Retail participants should view whale activity as one indicator and remain cautious of amplified losses. Monitoring whether these large longs survive or trigger liquidations will reveal potential sudden price swings. Overall, the whales’ leveraged longs represent a bet on near‑term appreciation, yet the outcome remains uncertain.