A Dogecoin whale, accumulating since March 2021, recently moved its entire holdings—over $157 million—in a series of transactions to unknown addresses. This occurred amidst a downturn in the meme coin market.

一條自2021年3月以來積累的小狗鯨最近在一系列交易中將其全部股份（1.57億美元）轉移到了未知的地址。這發生在模因硬幣市場的低迷中。

The whale's massive wallet, previously holding the $157 million, was emptied through multiple transactions to new, unidentified addresses. No transfers were detected to cryptocurrency exchanges.

鯨魚的巨大錢包以前持有1.57億美元，通過多次交易到新的未知地址，被清空了。 未檢測到轉移到加密貨幣交換。

The whale's accumulation began in 2021, with consistent daily inflows. These continued until March 4th, after which the holder began transferring funds out. The wallet's transaction history shows recurring test transactions of 0.01 DOGE, followed by larger inflows of 4-5 million DOGE.

鯨魚的積累始於2021年，每天都有一致的流入。 這些一直持續到3月4日，之後持有人開始將資金轉移出去。錢包的交易歷史記錄顯示，經常出現的測試交易為0.01個門檻，隨後流入了4-500萬輛。

This transaction pattern suggests the wallet might belong to a Dogecoin miner. Given Dogecoin's production rate of 10,000 new coins every two minutes, the wallet's inflows align with a substantial daily share of DOGE creation.

這種交易模式表明該錢包可能屬於Dogecoin礦工。 考慮到Dogecoin每兩分鐘的生產率為10,000個新硬幣，錢包的流入與每天的Doge Creation份額相符。

Dogecoin's inflationary nature allows miners to profit from their mining activities. Furthermore, Dogecoin's co-mining with Litecoin reduces pressure on miners, as they benefit from both cryptocurrencies.

Dogecoin的通貨膨脹性允許礦工從採礦活動中獲利。 此外，Dogecoin與Litecoin共同開採會減輕礦工的壓力，因為它們都受益於兩種加密貨幣。

This whale's activity coincides with a significant decrease in activity from large Dogecoin holders. Whale wallet volume is down 88%, suggesting either profit-taking by early investors or a reduced interest in trading.

這款鯨魚的活動與大型狗狗蛋白持有人的活動顯著減少一致。 鯨魚錢包的數量下降了88％，這表明早期投資者的利潤或交易利息減少。

This movement follows a three-month decline for DOGE, pushing its price back to $0.19. Despite its high trading volume and widespread use, DOGE lacks substantial utility or staking mechanisms. While historically known for rapid price rallies, its responsiveness to US political narratives has recently diminished.

這一運動在總督的三個月下降之後，將其價格降至0.19美元。 儘管貿易量很高，而且廣泛使用，但Doge仍缺乏實質性的效用或製定機制。 雖然歷史上以快速的價格集會而聞名，但其對美國政治敘事的反應卻減少了。

DOGE maintains over $1 billion in daily trading volume, boasting significant market depth. The whale's recent sell-off could easily be absorbed within a short timeframe.

Doge的每日交易量超過10億美元，擁有大量的市場深度。 鯨魚最近的拋售很容易在短時間內被吸收。

Long-term, DOGE remains concentrated among large holders. The top 10 addresses control over 45% of all coins, with the largest single address holding 19.45% of the supply. Many early whales and miners are likely profitable and may not feel immediate pressure to sell.

長期，Doge仍然集中在大型持有者中。前十名介紹了超過45％的所有硬幣的控制權，其中最大的單個地址持有供應量的19.45％。 許多早期的鯨魚和礦工可能會盈利，並且可能不會立即承受銷售壓力。

DOGE dominates the meme coin market, representing the largest and most liquid segment within the meme asset space. It's often bundled with newer meme tokens.

Doge主導了Meme硬幣市場，代表了Meme Asset空間中最大，最液體領域。 它經常與新的模因令牌捆綁在一起。

DOGE exhibits a strong 0.92 correlation with Bitcoin's price movements, yet it frequently rallies independently or maintains stability during market turbulence.

Doge與比特幣的價格變動表現出強烈的0.92相關性，但是在市場動盪期間，它經常獨立集會或保持穩定性。

As of March 7th, DOGE reclaimed the $0.20 level, while the broader meme coin market remains depressed. Meme assets have already seen a significant price correction following a post-election surge, with total valuation dropping to $58 billion, of which DOGE comprises over $29 billion.

截至3月7日，Doge收回了0.20美元的水平，而更廣泛的模因硬幣市場仍然沮喪。 大選後漲幅後，模因資產已經進行了重大的價格糾正，總估值下降到580億美元，其中大約估計的價格超過290億美元。

Dogecoin mining remains active, with Litecoin's mining rate hitting all-time highs. The higher profitability of Litecoin mining, due to its block reward of 6.25 coins plus co-mined DOGE, allows miners to remain profitable even with lower energy costs, unlike Bitcoin miners.

Dogecoin採礦仍然活躍，Litecoin的採礦率達到了歷史最高水平。 與比特幣礦工不同的是，由於其6.25硬幣和共同開采的Doge的塊獎勵，Litecoin採礦的較高盈利能力也使礦工也能保持盈利。

The DOGE bonus significantly supports Litecoin miners, with F2Pool and ViaBTC receiving the majority of rewards. However, Dogecoin mining sentiment remains somewhat volatile, with periods of reduced activity.

Doge獎金大大支持Litecoin礦工，F2Pool和ViaBTC獲得了大部分獎勵。 然而，狗狗採礦情緒仍然有些揮發，活動減少。

DOGE's value is largely tied to its ironic appeal. Historically, strong DOGE performance has signaled the start of an altcoin season. However, its influence on altcoin enthusiasm seems to have lessened recently, though its activity remains closely monitored for market signals.

Doge的價值在很大程度上與其具有諷刺意味的吸引力有關。 從歷史上看，強大的門檻表現標誌著Altcoin賽季的開始。 然而，儘管其活動仍然受到市場信號的密切監控，但它對替代熱情的影響似乎減少了。

DOGE's activity is heavily US-centric, with significant reliance on Coinbase. However, it also retains a notable market share in Korean Won (13%) and against Binance's FDUSD (16%), with over 50% of its trading volume against USDT.

Doge的活動以美國為中心，非常依賴Coinbase。 但是，它還保留了韓國贏得的明顯市場份額（13％），違反了Binance的FDUSD（16％），其交易量超過了USDT。