Dogecoin Whales Sell Off, Signaling Potential Downturn

狗狗幣鯨魚拋售，預示著潛在的經濟衰退

Yesterday, Dogecoin (DOGE) prices rallied as whales accumulated the popular meme cryptocurrency. However, the situation has shifted dramatically today.

昨天，隨著鯨魚累積了流行的迷因加密貨幣，狗狗幣（DOGE）價格上漲。然而，今天的情況卻發生了巨大變化。

According to IntoTheBlock data, the netflow of DOGE into large holder wallets has plummeted from 369.46 million to -88.01 million. In the past 24 hours alone, 457.47 million DOGE (approximately $46 million) has exited large holder wallets.

根據IntoTheBlock數據，進入大戶皮夾的DOGE淨流量已從3,6946萬驟降至-8,801萬。光是過去 24 小時內，就有 4.5747 億枚 DOGE（約 4,600 萬美元）退出大戶錢包。

Large holders are typically defined as those with more than 0.1% of the circulating supply. Their netflow activity indicates a significant reduction in holdings or selling by major investors.

大持有者通常被定義為持有流通量超過 0.1% 的持有者。他們的淨流量活動顯示主要投資者的持股或拋售大幅減少。

These dips often signal a shift in bias, as large players reduce their positions, which can precede a bearish trend.

這些下跌通常預示著偏見的轉變，因為大型參與者減少了頭寸，這可能是看跌趨勢的先兆。

Pump, Dump, or Correction?

拉高、轉儲還是修正？

Notably, the preceding 48 hours witnessed a surge in netflow of nearly 1,500%, followed by a sell-off the next day. This is supported by separate metrics for inflows and outflows.

值得注意的是，前 48 小時淨流量激增近 1,500%，隨後第二天出現拋售。這是由流入和流出的單獨指標所支持的。

During the review period, inflows declined by 85.6% to 66.21 million DOGE. Simultaneously, the outflow of Dogecoin from major holder wallets amounted to 154.22 million DOGE, a 66% increase compared to the previous day.

回顧期內，流入量下降 85.6%，至 6,621 萬 DOGE。同時，狗狗幣從主要持有者錢包流出達1,5422萬個DOGE，較前一交易日增加66%。

Price Action

價格行為

Despite the volatility, the price of DOGE soared by 7% yesterday to $0.106 before dropping by 4.2%. Subsequent micro pumps and dumps have occurred, but overall, the price action remains relatively flat.

儘管波動較大，DOGE 的價格昨日仍飆升 7% 至 0.106 美元，隨後下跌 4.2%。隨後出現了微型拉高和拋售，但總體而言，價格走勢仍然相對平穩。