On November 12, 2026, at 08:25 UTC+8, Odaily reported that, according to Arkham monitoring, an address identified as 0xdDE had bought about $10 million worth of ETH after its DOGE holdings showed a loss exceeding $2 million.
The report framed a 20% ETH price rise as a way to offset the DOGE loss. On a $10 million purchase, however, a 20% gain would be about $2 million before costs—not necessarily enough to cover a loss greater than $2 million. The gain remains hypothetical.
Odaily also suggested the holder appeared to be betting on a substantial DOGE rebound. That is an interpretation, not a confirmed statement of intent. If ETH does not rise and DOGE continues to weaken, the combined loss could grow.