Dogecoin (DOGE), the world's largest meme token, continued its strong rise, gaining more than 25% last week. At this point DOGE has gained 134% so far since the beginning of 2024.

全球最大的 meme 代幣狗狗幣 (DOGE) 持續強勁上漲，上週漲幅超過 25%。截至目前，DOGE 自 2024 年初以來已上漲 134%。

While wondering what the reasons are behind this rise in Dogecoin and whether the rise will continue, on-chain data provider Santiment stated that the strong momentum in Dogecoin is due to strong whale activity.

在想知道狗狗幣上漲背後的原因是什麼以及上漲是否會持續的同時，鏈上數據提供商 Santiment 表示，狗狗幣的強勁勢頭是由於鯨魚活動的強勁。

Stating that, according to the data, a significant amount of inactive whales reactivated DOGE assets and put them back into circulation, Santiment said that this activity brought an increase in DOGE.

Santiment表示，根據數據，大量不活躍的鯨魚重新激活了DOGE資產並將其重新投入流通，這項活動帶來了DOGE的增加。

Santiment also noted that this rise in DOGE price does not involve the usual fear of missing out (FOMO) that usually precedes market peaks, indicating that the rally in DOGE may continue.

Santiment也指出，DOGE價格的上漲並不涉及通常在市場見頂之前出現的錯失恐懼症（FOMO），這表明DOGE的漲勢可能會持續。

“Dogecoin is up +10% intraday and +29% this week. This rise of the top meme token by market cap (#8 Cryptocurrency by market cap overall) was driven by large dormant whales that put DOGE back into circulation and normally form tops.” It's fueled by a lack of FOMO.”

「狗狗幣盤中上漲了 10%，本週上漲了 29%。市值排名最高的 meme 代幣（總體市值排名第 8 的加密貨幣）的上漲是由大型休眠鯨魚推動的，這些鯨魚使 DOGE 重新進入流通並通常形成頂部。”這是由於缺乏 FOMO 情緒而推動的。”

DOGE continues to trade at $0.206 at the time of writing.

截至撰寫本文時，DOGE 的交易價格仍為 0.206 美元。

#Dogecoin is up another +10% today, and +29% this week. The top #memecoin by market cap (#8 market cap #crypto asset overall) is being powered by major dormant whales moving $DOGE back into circulation, and a lack of #FOMO that would normally form tops. https://t.co/KKxqe4SBCm pic.twitter.com/Mb8YF71iIq

#Dogecoin 今天又上漲了 10%，本週又上漲了 29%。按市值排名最高的#memecoin（整體市值#8）是由主要休眠鯨魚將$DOGE重新投入流通所推動的，並且缺乏通常會形成頂部的#FOMO。 https://t.co/KKxqe4SBCm pic.twitter.com/Mb8YF71iIq

— Santiment (@santimentfeed) March 31, 2024

- Santiment (@santimentfeed) 2024 年 3 月 31 日

*This is not investment advice.

*這不是投資建議。

Continue Reading: Bullish Signal for Dogecoin (DOGE) from Santiment!

繼續閱讀：Santiment 發出的狗狗幣 (DOGE) 看漲信號！