Dogecoin Price Slumps, But Whale Activity Hints at Recovery

狗狗幣價格暴跌，但鯨魚活動暗示復甦

Dogecoin's price plunged below $0.15 on June 7th, marking its first decline below that level in June 2024. The consolidation range that characterized the week has raised concerns, but recent whale activity suggests the drop could be temporary.

狗狗幣的價格於6 月7 日暴跌至0.15 美元以下，這是2024 年6 月以來首次跌破該水平。 。

Whale Transactions Surge

鯨魚交易激增

According to analyst Ali Martinez, Dogecoin whales have been actively transacting in recent days. Santiment's Whale Transaction Count metric shows over 150 DOGE transactions (each exceeding $1 million) were recorded in the past 24 hours, the highest level since mid-April.

分析師阿里馬丁內斯表示，狗狗幣鯨魚最近幾天的交易一直很活躍。 Santiment 的鯨魚交易計數指標顯示，過去 24 小時內記錄了超過 150 筆 DOGE 交易（每筆超過 100 萬美元），這是自 4 月中旬以來的最高水準。

These large transactions indicate significant investor involvement. However, their intentions—whether accumulating or selling—remain unclear.

這些大型交易表明投資者的大量參與。然而，他們的意圖——無論是積累還是賣出——仍不清楚。

Potential Impact on Price

對價格的潛在影響

Whale accumulation can drive Dogecoin's price higher, while whale selling could exacerbate its decline. Their impact is significant given their holdings and transaction size.

鯨魚的累積可以推高狗狗幣的價格，而鯨魚的拋售可能會加劇其下跌。考慮到他們的持股和交易規模，他們的影響力是巨大的。

Meme Coin Market Volatility

Meme 幣市場波動

The broader cryptocurrency market has been facing selling pressure, with a 3% capitalization loss in less than 24 hours. Meme coins have been particularly affected, with Dogecoin dropping 7% and GME losing 37%.

更廣泛的加密貨幣市場一直面臨拋售壓力，不到 24 小時內市值就損失了 3%。 Meme 幣受到的影響尤其嚴重，狗狗幣下跌 7%，GME 下跌 37%。

Current Situation

現在的情況

Dogecoin is trading at $0.14830, indicating continued weakness. However, the surge in whale activity suggests a potential reversal of fortune. Whether this activity leads to a recovery or further downturn remains to be seen.

狗狗幣的交易價格為 0.14830 美元，表示持續疲軟。然而，鯨魚活動的激增表明命運可能會逆轉。這項活動是否會導致經濟復甦或進一步下滑還有待觀察。