A new wallet opened a 10x Longing position of over 20 million Doge, worth approximately $2.25 million, according to Lookonchain data. The liquidation price for this position was $0.10284.
The transaction was recorded within the last 6 hours, indicating a fairly large position size for a newly created wallet. No further details about the wallet owner or the purpose of the order are available.
Dogecoin is the primary asset in this position, with 20 million Doge being used to bet on an upward price trend. However, the available data does not indicate whether the position has been closed or remains open.
The liquidation level of $0.10284 indicates that the position would be at high risk if the Doge price falls to this region. It is currently unclear whether this wallet has any other transactions besides the Longing order just recorded.
