Dogecoin (DOGE) has witnessed a significant surge in transactions exceeding $100,000 in the past month. This came when the meme coin experienced a substantial price spike. 

過去一個月，狗狗幣 (DOGE) 的交易量大幅飆升，超過 10 萬美元。這是當模因幣經歷了大幅價格上漲時發生的。

More whale activity 

更多鯨魚活動

This sudden spike indicates a newfound interest in DOGE from larger financial entities, commonly referred to as "whales" and institutional investors. 

這種突然的飆升表明大型金融實體（通常被稱為“鯨魚”）和機構投資者對 DOGE 產生了新的興趣。

The data shows a substantial fluctuation in transaction volumes, with the highest in the last seven days reaching $2.12 billion on Nov. 17, and a low of $965.41 million on Nov. 18.

數據顯示，交易量波動較大，近7天最高交易額在11月17日達21.2億美元，最低交易金額在11月18日達到9.6541億美元。

This trend is particularly notable given Dogecoin's reputation as a more community-focused and less institutionally driven cryptocurrency. 

考慮到狗狗幣作為一種更以社區為中心、更少受制度驅動的加密貨幣的聲譽，這種趨勢尤其值得注意。

Analysts speculate that this increase in whale activity could be a precursor to a significant price movement in the near future.

分析師推測，鯨魚活動的增加可能是不久的將來價格大幅波動的先兆。

A reality check 

現實檢驗

Despite the recent surge in transaction volumes and investor interest, Dogecoin remains considerably distant from its all-time high (ATH). It is currently at 89.65% of its peak value, according to CoinGecko data.    

儘管近期交易量和投資者興趣激增，但狗狗幣距離歷史最高點 (ATH) 仍相去甚遠。根據 CoinGecko 的數據，目前它處於峰值的 89.65%。

The current price of DOGE stands at $0.075715, a stark contrast to its historical highs. 

DOGE 目前的價格為 0.075715 美元，與其歷史高點形成鮮明對比。

Moreover, the market data reveals that over 40% of Dogecoin holders are experiencing losses, even in light of the recent price increase, according to IntoTheBlock data.  

此外，根據 IntoTheBlock 數據，市場數據顯示，即使最近價格上漲，超過 40% 的狗狗幣持有者仍在遭受損失。