Dogecoin's Massive Whale Dump Raises Concerns

狗狗幣的大規模鯨魚垃圾場引發擔憂

Amidst Dogecoin's recent price surge, a significant whale has offloaded a staggering 120M DOGE tokens, stirring the crypto community. This transfer, recorded on May 18, has sparked speculation about DOGE's future price trajectory.

在狗狗幣最近價格飆升的過程中，一頭巨鯨拋售了驚人的 1.2 億枚 DOGE 代幣，震驚了加密社群。這次轉帳記錄於 5 月 18 日，引發了人們對 DOGE 未來價格走勢的猜測。

120M DOGE Whale Transfer

120M DOGE鯨魚轉運

According to on-chain data from Whale Alert, an unknown whale (address: DDuXG) dumped 120 million DOGE onto the Robinhood exchange, equivalent to $18.55 million. This transfer coincided with DOGE's recent price rise, suggesting potential profit-taking by the whale.

根據 Whale Alert 鏈上數據，一頭未知鯨魚（地址：DDuXG）向 Robinhood 交易所拋售了 1.2 億枚 DOGE，相當於 1855 萬美元。此次轉移恰逢 DOGE 最近的價格上漲，這表明鯨魚可能會獲利了結。

Previous Accumulations

之前的積累

Further investigation revealed that the same address had accumulated 226 million DOGE from Robinhood last month when DOGE was trading near $0.13. This highlights the significant gains made by the whale through this transfer, given DOGE's current price of $0.15.

進一步調查顯示，上個月 DOGE 交易價格接近 0.13 美元時，同一地址已從 Robinhood 累積了 2.26 億個 DOGE。鑑於 DOGE 目前的價格為 0.15 美元，這突顯了鯨魚透過此轉讓獲得的巨大收益。

Market Impact

市場影響

Despite the whale's substantial selling pressure, DOGE remained in the green, indicating continued support among investors. While the transfer raised concerns, nearly 50% of the whale's accumulated DOGE remains in its address, offering hope for Dogecoin's future price action.

儘管鯨魚面臨巨大的拋售壓力，但 DOGE 仍保持綠色，顯示投資者的持續支持。儘管此次轉移引發了擔憂，但鯨魚累積的 DOGE 中近 50% 仍保留在其地址中，這為狗狗幣未來的價格走勢帶來了希望。

Investor Cautions

投資者註意事項

Crypto investors have adopted a cautious stance towards DOGE following the whale dump, as it raises questions about the coin's long-term viability. The market continues to monitor DOGE's price trajectory and the actions of other whales who may follow suit.

在鯨魚拋售之後，加密貨幣投資者對 DOGE 採取了謹慎的立場，因為這引發了對該代幣長期生存能力的質疑。市場繼續關注 DOGE 的價格軌跡以及其他可能效仿的鯨魚的行動。