Data: A certain whale invested in DOGE, suffering a loss of over 2 million USD, then switched to buy ETH, spending 10 million USD to bet on a rebound

According to monitoring by Arkham, a certain whale address 0xdDE recently purchased approximately 10 million dollars worth of ETH after suffering a loss of over 2 million dollars in its DOGE holdings.

Analysis suggests that if the price of ETH rises by 20%, the profits from this investment will be sufficient to cover all losses from its DOGE holdings. However, this whale still seems to be betting on a significant increase in DOGE in the future. If ETH does not rise as expected and the price of DOGE continues to weaken, its overall investment losses may further expand.