Dogecoin's Whale Exodus Raises Concerns

狗狗幣的鯨魚出走引發擔憂

The recent on-chain data for Dogecoin (DOGE) indicates a concerning trend: whales are gradually withdrawing from the meme coin. Without the support of large investors, DOGE faces the risk of further decline.

狗狗幣（DOGE）最近的鏈上數據顯示了一個令人擔憂的趨勢：鯨魚正在逐漸退出迷因幣。沒有大投資者的支持，DOGE面臨進一步下跌的風險。

Declining Large Transactions

大額交易減少

The number of large transactions has witnessed a significant drop. As of June 2, only 718 transactions were recorded compared to a seven-day high of 154,000 on May 27. This suggests a noticeable reduction in whale activity, which can impact DOGE's stability and value.

大額交易數量大幅下降。截至 6 月 2 日，僅記錄了 718 筆交易，而 5 月 27 日則達到 154,000 筆的 7 天高點。

Volume Decline

成交量下降

Similarly, the volume of large transactions has declined sharply. From a seven-day high of 8.65 billion DOGE on May 29, the volume plunged to 4.6 billion DOGE by June 2. This decline signals waning interest from large investors who have played a crucial role in influencing the price of sentiment-driven cryptocurrencies.

同樣，大額交易量也大幅下降。交易量從5 月29 日達到86.5 億DOGE 的7 天高位，到6 月2 日暴跌至46 億DOGE。 這種下跌表明大型投資者的興趣減弱，他們在影響情緒驅動的加密貨幣價格方面發揮了至關重要的作用。

Price Struggles

價格鬥爭

The on-chain metrics align with the DOGE/USDT chart, showing difficulties in staying above key moving averages. The Relative Strength Index (RSI) hovers around 50, indicating a neutral momentum. This suggests that DOGE may not experience significant volatility in the short term.

鏈上指標與 DOGE/USDT 圖表一致，顯示出保持在關鍵移動平均線之上的困難。相對強弱指數（RSI）徘徊在 50 左右，顯示勢頭呈中性。這表明 DOGE 短期內可能不會大幅波動。

Lack of Volume

成交量不足

Sustained price appreciation generally requires substantial trading volume. The current low volume levels raise concerns about the potential for a further decline in DOGE's price.

價格持續上漲通常需要大量的交易量。目前的低成交量水準引發了人們對 DOGE 價格進一步下跌的可能性的擔憂。