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New $2.25M 10x leveraged Dogecoin bet as whale wallets hit record 108B DOGE holdings

Market News
16 May 2026
Bitcoin
View Source
Bullish
pluang ai news

A newly created crypto wallet placed a $2.25 million, 10x leveraged long bet on 20 million Dogecoin (DOGE), signaling strong confidence in a price rise. This leveraged position has a liquidation price just under 10% below the current DOGE price, meaning a small drop could wipe out the bet. Meanwhile, DOGE whale wallets reached a record 108.52 billion DOGE in May 2026, with large holders accumulating aggressively despite price consolidation between $0.10 and $0.12. This pattern resembles 2021 whale behavior that preceded volatile price moves, suggesting potential for significant DOGE price action ahead.

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