Adding to the woes of the cryptocurrency market, Dogecoin, the prominent memecoin with the highest market value, has experienced a notable setback with a over 10% drop in its price over the last 24 hours. This downturn follows a trend of significant declines witnessed by the dog-themed altcoin in the previous week.

令加密貨幣市場雪上加霜的是，市值最高的著名 memecoin 狗狗幣 (Dogecoin) 經歷了顯著的挫折，其價格在過去 24 小時內下跌了 10% 以上。這次低迷是在上週以狗為主題的山寨幣出現大幅下跌趨勢之後發生的。

The current trajectory of DOGE’s price decline raises concerns among investors and market observers, as it points to potential challenges and uncertainties surrounding the memecoin’s stability.

DOGE 目前的價格下跌軌跡引起了投資者和市場觀察家的擔憂，因為它表明了圍繞 memecoin 穩定性的潛在挑戰和不確定性。

Whale Moves: Dogecoin Uncertainty Peaks

鯨魚行動：狗狗幣不確定性峰值

Compounding this situation is the recent activity of large holders, colloquially referred to as “whales,” who have moved substantial amounts of Dogecoin – exceeding 600 million DOGE – to major trading platforms like Binance and Robinhood.

使這種情況更加複雜的是大持有者（俗稱「鯨魚」）最近的活動，他們將大量狗狗幣（超過 6 億 DOGE）轉移到幣安和 Robinhood 等主要交易平台。

300,000,000 #DOGE (24,629,096 USD) transferred from unknown wallet to #Binancehttps://t.co/M3WBb9bPOW

300,000,000 #DOGE（24,629,096 美元）從未知錢包轉移到#Binancehttps://t.co/M3WBb9bPOW

— Whale Alert (@whale_alert) January 4, 2024

— 鯨魚警報 (@whale_alert) 2024 年 1 月 4 日

The transfer of such significant volumes by influential holders to popular trading platforms introduces an element of uncertainty in the market, with the potential to exacerbate the ongoing decline in Dogecoin’s value.

有影響力的持有者將如此大量的交易量轉移到流行的交易平台，為市場帶來了不確定性，並有可能加劇狗狗幣價值的持續下跌。

Some 82 million and 102 million DOGE, or more than $15 million, came from two secret addresses to Robinhood at the start of the movement.

運動開始時，Robinhood 的兩個秘密地址分別有 8,200 萬和 1.02 億 DOGE，即超過 1,500 萬美元。

A little while later, a reversal occurred when 151 million meme coins, or almost $12 million, went from Robinhood to an unidentified wallet.

不久之後，情況發生了逆轉，1.51 億枚 Meme 幣（約 1200 萬美元）從 Robinhood 轉移到了一個未知的錢包。

The culmination took place when the most substantial transfer, 300 million Dogecoin valued at $24 million, was transmitted from an unidentified location to Binance.

當最大一筆轉帳（價值 2,400 萬美元的 3 億狗狗幣）從一個未知的地點轉移到幣安時，事情達到了高潮。

At the time of publication on Thursday, the price of DOGE had dropped by 10%, trading at $0.08. Furthermore, the coin’s value has decreased by roughly 12% over the past seven days. Furthermore, even with the early gains, the 30-day losses have now reached about 11%.

截至週四發稿時，DOGE 的價格已下跌 10%，交易價格為 0.08 美元。此外，過去 7 天內該幣的價值下跌了約 12%。此外，即使有早期的漲幅，目前 30 天的跌幅也已達到約 11%。

DOGE Plunge: Market Drop, Trading Surge

DOGE暴跌：市場下跌，交易激增

When Dogecoin dropped from $0.09 to its current price in less than two hours on Wednesday, the decline in value grabbed traction. The market value of the meme coin fell by 9.95% to $11.77 billion as a result of this decline.

週三，當狗狗幣在不到兩小時內從 0.09 美元跌至當前價格時，價值的下跌引起了人們的關注。受此下跌影響，meme 幣市值下跌 9.95%，至 117.7 億美元。

Its trading volume increased significantly in the last day, rising 165% to a little over $1 billion, despite the price decline.

儘管價格下跌，但其最後一天的交易量大幅增加，成長了 165%，達到略高於 10 億美元。

These sudden movement come at a pivotal moment for Dogecoin. The much-anticipated DOGE-1 mission, funded entirely by the Dogecoin community, is set to launch this winter.

這些突然的變動發生在狗狗幣的關鍵時刻。備受期待的 DOGE-1 任務完全由狗狗幣社群資助，將於今年冬天啟動。

The CubeSat mission, developed by Geometric Energy Corporation, marks a historic step for the cryptocurrency, aiming to collect “lunar-spatial intelligence” with onboard sensors and a camera.

由 Geometric Energy Corporation 開發的 CubeSat 任務標誌著加密貨幣邁出了歷史性的一步，旨在透過機載感測器和相機收集「月球空間情報」。

The National Telecommunications and Information Administration (@NTIAgov), a Department of Commerce (@CommerceGov) agency, approved DOGE-1 X-Band (0083-EX-CN-2022 on https://t.co/b6iEAYdTPV)

美國商務部 (@CommerceGov) 機構國家電信與資訊管理局 (@NTIAgov) 批准了 DOGE-1 X 頻段（0083-EX-CN-2022，https://t.co/b6iEAYdTPV）

We have yet to get the FCC license grant which will address X-Band and S-Band $XI pic.twitter.com/YSJoyLclQk

我們尚未獲得 FCC 許可，該許可將解決 X 頻段和 S 頻段 $XI pic.twitter.com/YSJoyLclQk

— SΔMUΞL RΞIÐ (e/acc) (@SamuelReidGEC) November 28, 2023

— SΔMUΞL RΞIÐ (e/acc) (@SamuelReidGEC) 2023 年 11 月 28 日

While the DOGE-1 mission brings a wave of excitement and publicity, the recent whale activity casts a shadow of uncertainty. The price drop sparked by the massive token transfers could be interpreted in multiple ways.

雖然 DOGE-1 任務帶來了一波興奮和宣傳浪潮，但最近的鯨魚活動卻蒙上了不確定性的陰影。大規模代幣轉移引發的價格下跌可以有許多解釋。

Some see it as shrewd market maneuvering, capitalizing on a temporary dip. Others worry it may signal a loss of confidence in Dogecoin’s long-term potential.

有些人認為這是精明的市場操縱，利用了暫時的下跌。其他人則擔心這可能表明人們對狗狗幣的長期潛力失去信心。

With the launch date approaching, the interplay between the whale activity, the DOGE-1 mission, and broader market trends will be crucial to watch.

隨著發射日期的臨近，鯨魚活動、DOGE-1 任務和更廣泛的市場趨勢之間的相互作用將至關重要。

Can the launch generate enough positive momentum to counteract the price decline? Or will the whales’ actions continue to hold the currency hostage?

此次推出能否產生足夠的正面動力來抵銷價格下跌？或者鯨魚的行為會繼續劫持貨幣嗎？

Featured image from Shutterstock

來自 Shutterstock 的精選圖片