A Dogecoin (DOGE) investor, a large whale, made a total profit of over $3.7 million in just two days with smart moves.
An eye-catching transaction occurred in the volatile meme coin Dogecoin (DOGE). According to data shared by Lookonchain, one of the large whale accounts, 0x6adb, closed its position at the peak of the DOGE price yesterday, earning a profit of exactly $2.14 million. After this move, which shows the whale's excellent market reading, it entered a massive position again to continue benefiting from the increase in DOGE price.
The aforementioned whale took action again 10 hours ago, opening a 10x long position with exactly 84.08 million DOGE (worth $21.24 million). Currently, it has gained approximately $1.64 million more from this move.
Whales are directing the market
Recently, the increased volatility in meme coins has turned investors' attention to such large whales. Especially the trades of these whales, who take high-leverage positions in futures, can have significant effects on short-term market movements. This situation has become an indicator that small investors also follow closely.
The future moves of whale 0x6adb will continue to be closely monitored by Dogecoin investors.