Dogecoin Price Surge Driven by Increased Token Circulation

代幣流通量增加推動狗狗幣價格飆升

In the past 24 hours, Dogecoin's price has witnessed a 2% uptick, ranging between $0.39 and $0.41. Market data indicates a significant movement of 5.8 billion DOGE tokens that were previously inactive.

在過去 24 小時內，狗狗幣的價格上漲了 2%，漲幅在 0.39 美元至 0.41 美元之間。市場數據顯示，先前不活躍的 58 億 DOGE 代幣發生了重大變動。

This surge follows a sluggish week during which Dogecoin lost nearly 6%, failing to capitalize on Bitcoin's recent gains. However, increased token circulation and reduced exchange net flows suggest growing speculative interest and a holding mindset among investors.

這次飆升是在經歷了低迷的一周之後出現的，狗狗幣在本週下跌了近 6%，未能利用比特幣近期的漲幅。然而，代幣流通量的增加和交易淨流量的減少表明投資者的投機興趣和持有心態不斷增強。

Dogecoin's Investor Activity

狗狗幣的投資者活動

Over the last 24 hours, Dogecoin's price has experienced a 2% spike, while Bitcoin recorded a 4% increase during the same period. According to CoinGecko, the meme coin's price has fluctuated between $0.39 and $0.41. This rise comes after DOGE's 6% decline in the past week, despite Bitcoin's remarkable rally.

在過去 24 小時內，狗狗幣的價格上漲了 2%，而同期比特幣的價格上漲了 4%。據 CoinGecko 稱，meme 幣的價格在 0.39 美元至 0.41 美元之間波動。儘管比特幣大幅上漲，但 DOGE 在過去一周下跌了 6%，之後出現了這一上漲。

The recent price boost for Dogecoin appears to be driven by increased token circulation. On-chain analyst Ali Martinez shared a Santiment chart indicating that 5.8 billion DOGE tokens have re-entered circulation.

狗狗幣最近的價格上漲似乎是由代幣流通量增加所推動的。鏈上分析師 Ali Martinez 分享了一份 Santiment 圖表，顯示 58 億個 DOGE 代幣已重新進入流通。

Possible Impact of Token Movement

代幣變動可能產生的影響

These previously inactive tokens have recently become active and are being traded. Such movements, especially when involving long-held tokens, can indicate profit-taking or repositioning by large holders. In this case, the surge in circulation coincides with a price increase, suggesting increased speculative activity.

這些以前不活躍的代幣最近變得活躍並正在進行交易。這種變動，尤其是涉及長期持有的代幣時，可能表示大持有者獲利了結或重新定位。在這種情況下，流通量激增與價格上漲同時發生，顯示投機活動增加。

RSI and Net Exchange Flows

RSI 與淨交易流量

Dogecoin's Relative Strength Index (RSI) is currently in a neutral range, neither overbought nor oversold. Since November, the RSI has been trending downwards from overbought territory, reflecting the price correction over the month. However, a recent uptick in the RSI signals potential buying momentum in the upcoming days.

狗狗幣的相對強弱指數（RSI）目前處於中性區間，既沒有超買也沒有超賣。自 11 月以來，RSI 一直從超買區域下降，反映了本月的價格調整。然而，最近 RSI 的上升預示著未來幾天潛在的買盤動力。

Coinglass data also indicates a holding behavior, with more DOGE being withdrawn from exchanges than deposited. This negative net flow may alleviate selling pressure or at least stabilize the price. Notably, DOGE did not participate in Bitcoin's recent surge to $100,000 and has not experienced a comparable ripple effect.

Coinglass 數據還表明了一種持有行為，從交易所提取的 DOGE 多於存入的 DOGE。這種負淨流量可能會緩解拋售壓力或至少穩定價格。值得注意的是，DOGE 並未參與比特幣最近飆升至 10 萬美元的過程，也沒有經歷類似的連鎖反應。

Amidst the sluggish DOGE price performance, co-creator Billy Markus has emphasized the coin's original purpose. In a post on X, he stated, "Everything after dogecoin saw dogecoin's success and was made to make money, so none of them have the same soul."

在 DOGE 價格表現低迷的情況下，聯合創始人比利馬庫斯強調了該貨幣的最初用途。他在X上的一篇貼文中表示，“狗狗幣之後的一切都看到了狗狗幣的成功，都是為了賺錢，所以它們都沒有相同的靈魂。”