You can also read this news on BH NEWS: Dogecoin Value Skyrockets as Whale Buyers Dive In

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In a remarkable market trend, Dogecoin (DOGE) has witnessed a substantial price jump, crossing the $0.20 threshold for the first time in several years on March 5th, marking a 150% increase in its weekly gains. Data suggests that heavy-weight investors, or ‘whales’, are aggressively purchasing the cryptocurrency, potentially positioning the price to escalate towards $0.30.

在引人注目的市場趨勢中，狗狗幣 (DOGE) 的價格大幅上漲，在 3 月 5 日數年來首次突破 0.20 美元大關，每週漲幅達 150%。數據顯示，重量級投資者（或稱「鯨魚」）正在積極購買加密貨幣，可能會將價格推向 0.30 美元。

Meme Coin Market Rallies

Meme 幣市場反彈

The meme cryptocurrency sector continues to thrive, with DOGE and other well-established meme coins like Shiba Inu (SHIB) capitalizing on the momentum initiated by newer entrants such as PEPE and BONK. These latter coins had previously set the stage with significant triple-digit gains.

模因加密貨幣領域繼續蓬勃發展，DOGE 和 Shiba Inu (SHIB) 等其他成熟的模因代幣利用了 PEPE 和 BONK 等新進入者發起的勢頭。後面這些代幣先前曾以三位數的大幅漲幅奠定了基礎。

Whale Investors Pouring Millions into DOGE

鯨魚投資者向 DOGE 投入數百萬美元

This recent surge has propelled DOGE to a three-year high, with onchain data indicating a notable trend of whale investors accumulating more of the digital currency, rather than cashing in on the rally. The activity of these large holders showcases their bullish sentiment and the potential for continued upward movement in DOGE’s value.

最近的飆升已將 DOGE 推升至三年高點，鏈上數據表明，鯨魚投資者有一個明顯的趨勢，即累積更多的數位貨幣，而不是從上漲中獲利。這些大持有者的活動展示了他們的看漲情緒以及 DOGE 價值持續上漲的潛力。

Monitoring Whale Activity and Price Projections

監測鯨魚活動和價格預測

A closer look at the Santiment graph, which tracks the holdings of whale wallets holding at least 1 million DOGE, reveals a significant increase in their cumulative balance from 53.41 billion to 54.75 billion DOGE over a single week. This translates to an acquisition of around 1.34 billion DOGE, worth approximately $250 million, reinforcing the strong buying trend among these investors.

仔細觀察 Santiment 圖表，該圖表追蹤了持有至少 100 萬 DOGE 的鯨魚錢包的持有量，發現其累積餘額在一周內從 534.1 億美元大幅增加到 547.5 億美元 DOGE。這意味著收購約 13.4 億 DOGE，價值約 2.5 億美元，強化了這些投資者的強勁購買趨勢。

Analysts speculate that with whales continuing to buy at these levels, Dogecoin’s price could be on a trajectory to breach the $0.30 mark soon. Currently trading just above the Upper Bollinger Band indicator at $0.18, DOGE may be set for a further leap should it surpass the crucial $0.25 support level, potentially leading to a 50% price increase.

分析師推測，隨著鯨魚繼續在這些水平上買入，狗狗幣的價格可能很快就會突破 0.30 美元大關。目前，DOGE 的交易價格略高於布林通道指標 0.18 美元，如果突破 0.25 美元的關鍵支撐位，DOGE 可能會進一步上漲，從而可能導致價格上漲 50%。

The post first appeared on BH NEWS: Dogecoin Value Skyrockets as Whale Buyers Dive In

該貼文首次出現在 BH 新聞：鯨魚買家紛紛湧入，狗狗幣價值飆升