Whale Transactions Stir Dogecoin Market

鯨魚交易攪動狗狗幣市場

Amidst ongoing price fluctuations, Dogecoin (DOGE) has once again become a hot topic in the cryptocurrency world due to significant whale activity. Recent on-chain data shows that approximately 456 million DOGE were transferred to the US-based major cryptocurrency exchange Coinbase today. This transfer has caught the attention of Dogecoin traders and investors.

在價格持續波動的情況下，由於鯨魚活動頻繁，狗狗幣（DOGE）再次成為加密貨幣世界的熱門話題。最新鏈上數據顯示，今天約有 4.56 億枚 DOGE 被轉移到美國主要加密貨幣交易所 Coinbase。此次轉帳引起了狗狗幣交易者和投資者的注意。

Whales Dump Millions of DOGE into Coinbase

鯨魚將數百萬 DOGE 投入 Coinbase

The transfer of millions of DOGE to the Coinbase exchange signifies a significant unloading by Dogecoin whales, leading to speculation about decreasing interest among these large-scale investors. This development has created serious concerns about the future trajectory of DOGE's price and paints an uncertain picture for the journey of this altcoin.

數百萬 DOGE 轉移到 Coinbase 交易所意味著狗狗幣鯨魚的大量拋售，導致人們猜測這些大型投資者的興趣正在下降。這一事態發展引發了人們對 DOGE 價格未來走勢的嚴重擔憂，並為這種山寨幣的發展描繪了一幅不確定的圖景。

Examining the Current Market Dynamics

檢查當前的市場動態

Examining the current market dynamics of Dogecoin, the world's largest dog-themed memecoin, is crucial as it can provide insights into the price movements of the coin. Notably, data from Whale Alert, a platform used to track major movements on blockchains, reported two large DOGE whale transactions today that resulted in 456.82 million DOGE being transferred to a centralized cryptocurrency exchange (CEX). Both transactions moved DOGE to the globally renowned cryptocurrency exchange Coinbase.

檢查狗狗幣（世界上最大的以狗為主題的迷因幣）當前的市場動態至關重要，因為它可以提供有關該幣價格走勢的見解。值得注意的是，用於追蹤區塊鏈主要動向的平台 Whale Alert 的數據今天報告了兩筆大型 DOGE 鯨魚交易，導致 4.5682 億 DOGE 被轉移到集中式加密貨幣交易所（CEX）。這兩筆交易都將DOGE轉移到了全球知名的加密貨幣交易所Coinbase。

In the first transaction, an anonymous wallet address transferred 228.10 million DOGE worth $34.34 million to Coinbase, while in the second transaction, 228.72 million DOGE worth $34.43 million were moved to the cryptocurrency exchange. These whale transactions indicate an increase in the supply of the altcoin on exchanges and point to a decrease in confidence among whales.

在第一筆交易中，匿名錢包地址將價值 3,434 萬美元的 2.281 億個 DOGE 轉移到 Coinbase，而在第二筆交易中，價值 3,443 萬美元的 2.2872 億個 DOGE 被轉移到加密貨幣交易所。這些鯨魚交易顯示交易所上山寨幣的供應量增加，並顯示鯨魚之間的信心下降。

Derivative Side Shows Decline Alarm

衍生性商品方面顯示下降警報

Despite the volatile price movements observed in the last 24 hours, DOGE, along with today's whale transactions, is trading in green, contrary to the prevailing downward trend. At the time of writing, the main network asset of the Dogecoin network, DOGE, is trading at $0.1501, up 0.36% in the last 24 hours. This activity in the price trajectory is attracting significant interest among cryptocurrency market participants, indicating a divergence from usual market sentiments and on-chain data.

儘管在過去 24 小時內觀察到價格波動劇烈，但 DOGE 以及今天的鯨魚交易均呈現綠色交易，這與普遍的下跌趨勢相反。截至撰寫本文時，狗狗幣網路的主要網路資產 DOGE 的交易價格為 0.1501 美元，在過去 24 小時內上漲了 0.36%。價格軌跡中的這種活動吸引了加密貨幣市場參與者的極大興趣，表明與通常的市場情緒和鏈上數據存在差異。

Coinglass' Analysis

Coinglass 的分析

Coinglass' analysis reveals that the trading volume on the derivative side of the altcoin has dropped by 35.04%, accompanied by a 0.02% decrease in open interest. These measurements show a significant decline in market activity surrounding DOGE and indicate that investors are inclined to close their positions in the altcoin. The overall downward trend in price, combined with these derivative data, suggests a bearish market outlook for Dogecoin, and investors can expect a downward movement in the altcoin's price in the short term.

Coinglass 的分析顯示，山寨幣衍生性商品方面的交易量下降了 35.04%，伴隨著未平倉合約下降 0.02%。這些測量結果顯示，圍繞 DOGE 的市場活動顯著下降，並表明投資者傾向於平倉山寨幣部位。價格的整體下降趨勢，結合這些衍生性商品數據，顯示狗狗幣的市場前景看跌，投資人可以預期山寨幣的價格在短期內會下跌。

Long-Term Optimism

長期樂觀

However, despite short-term bearish expectations, optimism remains for Dogecoin's long-term price trajectory. Some investors expect DOGE to follow the historical pattern of experiencing a parabolic uptrend following Bitcoin's (BTC) fourth block reward halving, pointing to potential upward momentum in the future.

然而，儘管有短期看跌預期，但狗狗幣的長期價格軌跡仍然樂觀。一些投資者預計 DOGE 將遵循比特幣第四次區塊獎勵減半後經歷拋物線上升趨勢的歷史模式，這表明未來潛在的上升勢頭。

The post first appeared on COINTURK NEWS: Whale Transactions Stir Dogecoin Market

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