Whale Wallets Build Chainlink and Dogecoin Long Positions

Two separate whale wallets opened coordinated long positions on chainlink (LINK) and dogecoin (DOGE) within the past 24 hours. The first wallet, identified as 0x3109, has opened longs on 27.38 million DOGE valued at $2.75 million and 162,670 LINK valued at $1.53 million, a combined $4.28 million already committed. LINK currently trades at $9.44 while DOGE sits at $0.10123 (at press time).

Wallet 0x3109 has also placed significant limit orders below current prices, namely 33.46 million DOGE at $3.31 million and 515,120 LINK at $4.73 million (as well as a further $8.04 million in pending exposure if triggered). A second wallet, 0x5687, has separately opened longs on 10.21 million DOGE valued at $1.03 million.

If all limit orders execute, total combined positions across both wallets would exceed $13 million in notional value.

Onchain metrics showing wallet 0x5687’s long positions on HYPE and DOGE, per Hypurrscan.io

The simultaneous targeting of two seemingly unrelated assets, i.e., chainlink, a decentralized oracle network, and dogecoin, a proof-of-work coin originally launched as a meme, seems to reflect two parallel yet completely independent investment theses playing out in real time.

Chainlink has been a consistent beneficiary of the real-world asset tokenization trend in 2026, as its oracle infrastructure is widely used to price and settle tokenized assets onchain. Dogecoin, on the other hand, has continued to attract speculative interest from its large retail following and periodic endorsement by high-profile public figures.

The placement of large limit orders below current market prices is typically read as a signal of conviction. In other words, the wallet is not simply buying at spot but expressing willingness to accumulate more aggressively on a dip. Combined, the pending limit orders from wallet 0x3109 alone represent $8.04 million in additional LINK and DOGE exposure.

Both LINK and DOGE are modestly lower on the day, with LINK off 0.27% and DOGE down 1.39%, consistent with a soft broader market. Institutional capital has been rotating rather than exiting the crypto space in May 2026, with large-cap bitcoin ETFs absorbing significant outflows while some alternative assets attracted fresh interest.

Large leveraged longs in mid-cap tokens during market softness have historically served as early signals for near-term price moves, though they can also face rapid liquidation if macro conditions turn sharply negative.

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