Dogecoin began a recovery with the rest of the crypto market in October and by December, the altcoin’s price would rise to a local peak of $0.107. Amid this recovery, DOGE miners have been selling off a significant portion of their holdings, which could explain the decline in the asset’s price earlier in the week.

狗狗幣在 10 月開始與加密貨幣市場的其他部分一起復蘇，到 12 月份，山寨幣的價格將升至 0.107 美元的局部峰值。在這次復甦中，DOGE 礦商一直在拋售其持有的很大一部分資產，這可以解釋本週早些時候該資產價格下跌的原因。

Dogecoin Miners Sell $25 Million Worth Of Tokens

狗狗幣礦工出售價值 2500 萬美元的代幣

Dogecoin miners are some of the largest holders of DOGE with their holdings running into the billions. So any significant activity from them in one direction or the other can often be a major factor in where the price goes next. This time around, their activities have learned on the more bearish side and have negatively affected the DOGE price in the process.

狗狗幣礦工是 DOGE 的最大持有者之一，其持有量高達數十億美元。因此，它們在一個方向或另一個方向上的任何重大活動往往都可能成為價格下一步走勢的主要因素。這一次，他們的活動變得更加悲觀，並在過程中對 DOGE 價格產生了負面影響。

According to the on-chain crypto data tracking platform IntoTheBlock, Dogecoin miners have been selling into every pump in the last couple of weeks. On November 24, the total combined reserves of DOGE miners had climbed to 4.67 billion DOGE. However, by the second week of December, this figure has dropped by a few hundred million.

根據鏈上加密數據追蹤平台 IntoTheBlock 的數據，過去幾週，狗狗幣礦工一直在向各個泵站出售狗狗幣。截至11月24日，DOGE礦工總儲備量已攀升至46.7億枚DOGE。然而，到了12月的第二週，這個數字已經下降了幾億。

Over the last month, the reserves have been on a slow decline, usually on a daily basis. But this decline adds up when zoomed out to look at the big picture. By December 12, Dogecoin miners held 4.4 billion DOGE in their balances, meaning they had sold over 240 million tokens in the space of three weeks.

過去一個月，儲備金通常每天都在緩慢下降。但當縮小範圍來觀察大局時，這種下降就會增加。截至 12 月 12 日，狗狗幣礦工的餘額中持有 44 億枚 DOGE，這意味著他們在三週內售出了超過 2.4 億枚代幣。

Taking an average price of DOGE over the last few weeks, the total amount of DOGE sold by these mines comes out to around $25 million. This figure would explain the mounting sell pressure that the altcoin had been acting which eventually led to a brief decline below $0.091.

以過去幾週 DOGE 的平均價格計算，這些礦場出售的 DOGE 總量約為 2500 萬美元。這個數字可以解釋山寨幣所承受的不斷增加的拋售壓力，最終導致其短暫跌破 0.091 美元。

DOGE Price Recovery In Trouble?

DOGE 價格復甦遇到麻煩？

After the dip earlier in the week, the Dogecoin price has begun to recover as of Thursday. This recovery pushed the price above $0.097 which is a welcome development for investors. But there is still the speculation of more sell pressure coming from DOGE miners.

在本週早些時候下跌之後，狗狗幣價格從週四開始回升。此次復甦將價格推升至 0.097 美元上方，這對投資者來說是一個可喜的發展。但仍有猜測 DOGE 礦商將帶來更多拋售壓力。

However, there seems to be a change in sentiment among these miners whose holdings have begun to rise once more. Between, December 12 and 13, their holdings went from 4.4 billion to 4.41 billion. A small recovery, but a welcome change.

然而，這些持有量再次開始增加的礦工的情緒似乎發生了變化。 12月12日至13日期間，他們的持倉量從44億增加到44.1億。雖然是小幅復甦，但卻是可喜的變化。

Dogecoin miner net flows are also starting to turn positive after two days of negative net flows totaling over 80 million DOGE. Net flows in this case is the difference between the total amount of inflows and the total amount of outflows from the miners’ wallets. On December 13, the miner’s net flow was 7.09 million DOGE. Still low but a stark contrast to the -43.33 million recorded on December 12.

在經歷了兩天總計超過 8,000 萬 DOGE 的負淨流量之後，狗狗幣礦工淨流量也開始轉正。在這種情況下，淨流量是礦工錢包的流入總額與流出總額之間的差額。 12月13日，該礦機淨流量為709萬DOGE。仍然較低，但與 12 月 12 日記錄的-4333 萬形成鮮明對比。