Millions of Dogecoins (DOGE) were transferred in large volumes in the last 24 hours. These cashouts coincided with the sharp decline of DOGE’s market value, which dropped by 19.4%. This has caused the ensuing analysis of the activities of large players or “whales.” Frequent transfers involving a significant amount of DOGE are tracked and examined by the community as they try to make sense of the situation.

過去 24 小時內，數百萬狗狗幣 (DOGE) 被大量轉移。這些套現恰逢 DOGE 市值大幅下跌，下跌了 19.4%。這引起了隨後對大型參與者或「鯨魚」活動的分析。社區會追蹤和檢查涉及大量 DOGE 的頻繁轉賬，並試圖了解情況。

Massive Dogecoin transfer reflects market dynamics and investors’ sentiments  

WhaleAlert, a system of blockchain monitoring, pointed out an impressive number of transactions involving large sums of DOGE. The withdrawals involved two major transactions from Robinhood for a combined figure of 250 million DOGE as well as a sizeable deposit back into the platform of 74 million DOGE total. These movements of the stocks under their jurisdiction depict the edge of an exciting change, probably caused by the stressful market situation now.

大規模狗狗幣轉移反映了市場動態和投資者情緒區塊鏈監控系統 WhaleAlert 指出，涉及大量狗狗幣的交易數量令人印象深刻。此次提款涉及 Robinhood 的兩筆主要交易，總計 2.5 億 DOGE，以及一筆總計 7,400 萬 DOGE 的大量存款回平台。其管轄範圍內股票的這些走勢描繪了令人興奮的變化的邊緣，這可能是由目前緊張的市場情況引起的。

The first transfer of DOGE took 150 million tokens worth $26 million and moved from the network of Robinhood to some unknown wallet. The follow up transfer came a couple of weeks later, this time for another 100 million DOGE. Another entity that is bucking the trend is Robinhood depositing a total of 920,700,260 DOGE, which is roughly $12.6 million, to its account.

— Whale Alert (@whale_alert) 2024 年 4 月 13 日 DOGE 的首次轉帳將價值 2,600 萬美元的 1.5 億枚代幣從 Robinhood 網路轉移到某個未知的錢包。幾週後進行了後續轉賬，這次又轉移了 1 億個 DOGE。另一個逆勢而上的實體是 Robinhood，它向其帳戶存入了總計 920,700,260 DOGE，約合 1260 萬美元。

The bulk of this heavy flow of funds was transacted on a DOGE market, the last trades of which are assumed to be the ones with the lowest demand. Along with other consecutive downs of the same market, which is generally known for the hazardous and inconstant price levels, this decline has happened.

大量資金流的大部分是在 DOGE 市場上進行的，最後的交易被認為是需求最低的交易。與同一市場的其他連續下跌一起，這個市場通常以危險和不穩定的價格水平而聞名，這次下跌已經發生。

Robinhood giant leader in DOGE market.

A burgeoning flow of DOGE from Robinhood to somewhere else may signal digital currency holders might be trying to control their investments in order to feel secure with every bit of price decrease. 

Robinhood 是 DOGE 市場的巨頭領導者。DOGE 從 Robinhood 迅速流向其他地方可能表明數位貨幣持有者可能會試圖控制自己的投資，以便對每一次價格下跌感到安全。

By contrast, the case of DOGE pocketed by Robinhood might be an alternative strategy by some other investors to market positioning for the long hold period or a favorable time entering the market again for sell-offsWhen it comes to the involvement of the Robinhood company into these deals, especially, this is the case in point. The platform is the top destination for DOGE in the crypto space, and at least 30% of the currency’s total supply is also a courtesy of this service. This role corroborates the critical role DOGE has in the crypto market while its potential effect on the stability and liquidity of the former are hardly to miss.

相較之下，Robinhood 將 DOGE 收入囊中的案例可能是其他一些投資者在長期持有期間進行市場定位的替代策略，或者是再次進入市場進行拋售的有利時機。該平台是 DOGE 在加密貨幣領域的首選目的地，該貨幣總供應量的至少 30% 也是得益於這項服務。這個角色證實了 DOGE 在加密貨幣市場中的關鍵作用，同時它對前者的穩定性和流動性的潛在影響也不容忽視。

The sale and purchase spree for Dogecoin as of late has highlighted the risky extremities that cryptocurrency markets can take. Big players, or Tusks, hence, can be the ones to determine the course in which DOGE and others will pave their way, with their trade movements. 

最近狗狗幣的買賣熱潮凸顯了加密貨幣市場可能面臨的極端風險。因此，大玩家或像牙可以透過貿易活動來決定 DOGE 和其他人將鋪平道路的路線。

Since the industry remains dynamic and unpredictable in moving from turbulence to calm, the decisions of private platforms such as Robinhood and traders of big-cap funds will play a significant role in knowing what the future presents in the cryptosphere.

由於該行業在從動盪走向平靜的過程中仍然充滿活力且不可預測，因此 Robinhood 等私人平台和大盤基金交易員的決策將在了解加密領域的未來方面發揮重要作用。