Key Takeaways:
A closely watched crypto whale with a $24.79 million profit history has placed a $21 million bet on a market recovery, opening simultaneous long positions in Bitcoin (BTC), Ether (ETH), and Dogecoin (DOGE).
The series of trades was flagged by on-chain intelligence platform Lookonchain, which noted the wallet address 0x152e has a total realized profit of $24.79 million. The timing of the move on May 19 is notable, coming as Bitcoin slipped below $77,000 and the wider market saw hundreds of millions in liquidations.
The whale's allocation includes 4,601 ETH worth approximately $9.82 million, 118.2 BTC for $9.11 million, and 19.47 million DOGE valued at $2.04 million. According to Lookonchain, the address also placed additional limit orders to buy more Bitcoin and Ether at prices below the current spot, indicating a strategy of accumulating on any further downside.
This aggressive buying provides a sharp contrast to data showing other large holders have been distributing assets. Wallets holding between 100,000 and 1,000,000 BTC, for instance, have steadily reduced their holdings for nearly three months. The move by wallet 0x152e represents a significant counter-narrative, suggesting at least one major, proven trader sees the recent dip as a buying opportunity rather than a reason to exit. While the purchase of BTC and ETH represents a standard institutional-grade bet, the addition of a multi-million dollar position in the memecoin DOGE points to a conviction in a widespread, risk-on recovery.
This article is for informational purposes only and does not constitute investment advice.
