Key Takeaways:
- Two whale wallets opened $4.3M in LINK and DOGE long positions.
- Limit orders worth $8M+ would add further exposure if filled.
- DOGE trades near $0.1012 with support at $0.095 and resistance at $0.1163.
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Whale wallets stack $4.3M in LINK and DOGE longs with $8M pending
Two whale wallets opened leveraged long positions worth $4.3 million in Chainlink and Dogecoin, with $8 million more in pending limit orders.
"Two whale wallets have built large long exposures in LINK and DOGE during a weak market phase," Lookonchain, the on-chain analytics platform, said in a post on X.
Wallet 0x3109 opened longs on 27.38 million DOGE, worth about $2.75 million, and 162,670 LINK valued near $1.53 million. The same wallet placed limit orders for 33.46 million DOGE ($3.31 million) and 515,120 LINK ($4.73 million). A second wallet, 0x5687, opened longs on 10.21 million DOGE ($1.03 million) and 108,430 LINK ($1.02 million), with additional orders for 14.66 million DOGE ($1.45 million) and 336,280 LINK ($3.09 million).
DOGE traded near $0.1012 as of May 26, remaining below the 0.786 Fibonacci retracement at $0.1546. Immediate support sits between $0.095 and $0.100, while resistance stands at $0.1163. The relative strength index at 42.37 shows momentum remains neutral, suggesting price confirmation is needed before the whale bets pay off.
The whale activity comes as DOGE's daily chart shows limited buyer strength. The MACD line remains below the signal line, indicating bearish momentum persists. A move above RSI 50 would support a stronger recovery case, traders said.
Chainlink's price action has drawn similar interest. The token's demand has grown alongside the whale accumulation, though price confirmation remains tied to whether the pending limit orders get filled.
The contrast between aggressive whale positioning and technical weakness creates a key test for both tokens. If DOGE holds support at $0.095 and LINK maintains its recent levels, the longs could gain traction. A break below support, however, would expose DOGE to the next downside levels near $0.085 and $0.075.
This article is for informational purposes only and does not constitute investment advice.
[1] Whale Wallets Stack $4.3M in Chainlink and Dogecoin Longs, $8M+ in Pending Orders[2] Massive LINK and DOGE Longs Signal Aggressive Whale Positioning[3] Whale opens $100 million bearish bet on Ethereum[4] NEAR Protocol surges 15% as whales pile in – Will $2.40 hold strong?[5] Nine crypto whales dominate Polymarket disputes worth billions
