Dogecoin, one of the largest meme-based cryptocurrencies by global market cap, birthed a tidal wave of speculation among crypto market enthusiasts today, April 5, as it noted phenomenal whale activity amid a price downturn. Insights revealed by a blockchain tracker spotlighted nearly 204 million DOGE accumulated by a whale, coming in tandem with the token’s correction & consolidation period within the broader crypto market.

狗狗幣是全球市值最大的基於meme 的加密貨幣之一，今天（4 月5 日）在加密貨幣市場愛好者中掀起了一波投機浪潮，因為它注意到價格低迷期間出現了驚人的鯨魚活動。區塊鏈追蹤器揭示的見解顯示，鯨魚累積了近 2.04 億個 DOGE，與代幣在更廣泛的加密市場中的修正和整合期同時發生。

This promptly sparked speculations over a rising price action for DOGE in the near future, mirroring the recent burgeoning of whale accumulations that, in turn, showcase market confidence in the asset. However, following a dominant movement in the green territory over the past 24 hours, the DOGE token recorded a dip as of press time, with market dynamics for the token further sketching an enigmatic scenario for Dogecoin’s price’s potential to pump ahead.

這立即引發了人們對 DOGE 在不久的將來價格上漲的猜測，反映出最近鯨魚積累的迅速增長，這反過來又顯示了市場對該資產的信心。然而，在過去 24 小時綠色區域的主導走勢之後，截至發稿時 DOGE 代幣出現下跌，該代幣的市場動態進一步勾勒出狗狗幣價格上漲潛力的神秘場景。

DOGE Whale Accumulation Rides Optimistic Waves

Intriguingly, Whale Alert’s data spotlighted 204.58 million XRP, worth $35.17 million, accumulated by an unknown address from Binance today, April 5. This transaction, coming amid corrections and consolidation witnessed by DOGE, sparked optimistic speculations over a bolstered price action ahead, aligning with the whale’s confidence in the asset.

DOGE 鯨魚累積掀起樂觀浪潮有趣的是，Whale Alert 的數據顯示，今天（4 月5 日）幣安的一個未知地址積累了2.0458 億XRP，價值3517 萬美元。這筆交易是在DOGE 見證的調整和整合期間進行的，引發了對價格上漲的樂觀猜測未來的行動，與鯨魚對該資產的信心保持一致。

Meanwhile, the broader market speculated over DOGE’s potential rally post-BTC halving, deeming the accumulation to be somewhat in line with this. As reported by CoinGape Media over the past few days, DOGE whale accumulations have been burgeoning alongside the rise in on-chain whale activity, collectively sparking investor enthusiasm over a prompt pump in the pipeline following the completion of this healthy correction.

同時，更廣泛的市場猜測 DOGE 在 BTC 減半後的潛在反彈，認為累積與此相符。根據 CoinGape Media 過去幾天報導，隨著鏈上鯨魚活動的增加，DOGE 鯨魚的積累一直在迅速增長，這共同激發了投資者對在這次健康調整完成後迅速增加的熱情。

Nonetheless, on-chain data added a bearish dash to Dogecoin, further questioning the token’s capability to scale $1 in the future.

儘管如此，鏈上數據為狗狗幣帶來了看跌情緒，進一步質疑該代幣未來能否擴大到 1 美元。

Also Read: Bitcoin (BTC) Price Correction Below $60,000 Possible Before Halving Rally Resumes

另請閱讀：在減半反彈恢復之前，比特幣 (BTC) 價格可能會跌破 60,000 美元

Dogecoin Price Slips

As of writing, the Dogecoin token’s price has fallen 2.21% in the past 24 hours and is currently resting at $0.1738. Its 24-hour lows and highs are $0.1718 and $0.1881, respectively.

狗狗幣價格下跌截至撰寫本文時，狗狗幣代幣的價格在過去 24 小時內下跌了 2.21%，目前價格為 0.1738 美元。其24小時低點和高點分別為0.1718美元和0.1881美元。

On-chain data revealed by Coinglass spotlighted a 5.81% dip in the token’s open interest, whereas volume dipped 13.52%. This pulled DOGE to a bearish stage today, showcasing reduced market activity and investor interest in the token. In turn, this flagged a downtrend that questions DOGE’s potential to hit $1.

Coinglass 披露的鏈上數據顯示，該代幣的未平倉合約下降了 5.81%，而交易量下降了 13.52%。這使得 DOGE 今天陷入看跌階段，顯示市場活動減少，投資者對該代幣的興趣減少。反過來，這標誌著下跌趨勢，質疑 DOGE 觸及 1 美元的潛力。

Meanwhile, as mentioned above, whales appear to be accumulating staggering amounts of DOGE, giving a jack up to the buying pressure in the market. If this buying pressure increases, a possible rise to $0.6 could further pave the way for $1, an analysis by CoinGape media stressed. However, this optimistic forecast is contingent upon Dogecoin navigating through significant resistance levels and keeping up its momentum in the broader crypto market, which currently appears to be facing a flux.

同時，如上所述，鯨魚似乎正在累積驚人數量的 DOGE，加劇了市場的購買壓力。 CoinGape 媒體的分析強調，如果這種購買壓力增加，則可能上漲至 0.6 美元，並可能進一步為 1 美元鋪平道路。然而，這一樂觀的預測取決於狗狗幣能否突破重大阻力位並在更廣泛的加密貨幣市場中保持其勢頭，而該市場目前似乎正面臨著變化。

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