Whale Sits on $9M Profit After Leveraged Bets on BTC & Memecoins

A crypto whale is riding a massive wave of profits after making highly leveraged bets on Bitcoin and several memecoins. The wallet identified as 0xebb2, is now sitting on more than $9 million in unrealized profit, according to data from Lookonchain. The whale went long on Bitcoin (BTC), Dogecoin (DOGE), Pepe (kPEPE), and Fartcoin (FARTCOIN) using maximum leverage. These high-risk bets have so far paid off. The combined positions are currently worth close to $12 million. 

Whale’s Big Leverage Plays

For Bitcoin, the whale opened a 40x leveraged long position. It is holding around 1,250 BTC valued at approximately $145 million. The entry price sits near $113,819, and profits are building as BTC continues to show strength in the market. Alongside BTC, the whale also went long on 75 million DOGE with 10x leverage. The entry was at $0.2525 and the price has since moved to around $0.299. This is giving the position more than $3.4 million in unrealized gains.

The same strategy extended to 1.5 billion kPEPE tokens at an entry price of $0.01146. With the current price near $0.0123. The position is up by over $1.3 million. Finally, the whale added 20 million FARTCOIN with an entry at $0.853, now worth over $0.923. This position alone is generating about $1.4 million in paper profits.

Profit Targets Already Placed

The whale has set up a clear exit plan through limit sell orders across all positions. For Bitcoin, the take profit range is between $117,000 and $127,000. This could lock in more than $152 million in value if executed. For Dogecoin, orders are set between $0.35 and $0.70. Targeting more than $39 million in returns. 

The kPEPE sell orders are placed between $0.015 and $0.03. With the potential to cash out over $33 million. FARTCOIN has orders between $1.20 and $1.60, worth around $28 million if fully realized. By spreading the exit points across different price ranges. The whale is reducing the risk of missing profit opportunities while still taking advantage of potential rallies.

Unrealized Profit Nears $9 Million

At present, the whale’s combined positions are showing an unrealized profit of about $9 million. Most of this comes from the Bitcoin and Dogecoin trades. Though the memecoins are also making strong contributions. The strategy is high-risk. Leveraged positions can deliver outsized returns. But they also expose traders to liquidation if the market moves in the wrong direction. The whale is using cross margin and 10x to 40x leverage. This magnifies both gains and risks. Still, the wallet appears to be carefully managed. Limit orders are in place, and the positions are spread across multiple assets. This is showing an attempt to balance exposure.

Market Impact and Community Buzz

The whale’s moves have caught the attention of the crypto community. With many traders tracking the wallet’s progress closely. Some see this as proof that bold strategies can pay off in volatile markets. While others warn that heavy leverage can quickly erase gains if prices turn. Bitcoin itself remains the centerpiece of the portfolio. As the largest position, any significant BTC movement will decide the overall success or failure of the whale strategy. At the same time, the memecoin bets highlight how even speculative assets can become profitable when timed with momentum.

Looking Ahead

With the crypto market still in a bullish phase. The whale may be able to secure huge profits if targets are met. The key question is whether Bitcoin can rally past $117,000. And whether memecoins like DOGE, kPEPE, and FARTCOIN can sustain their upward momentum. Currently, the whale is in a strong position, with millions in unrealized profit. With a strategy that shows planning and risk tolerance. If the take profit orders hit, the trade could become one of the most successful leveraged bets of the year.