Dogecoin (DOGE), the world's largest meme token, continued its strong rise, gaining more than 25% last week. At this point DOGE has gained 134% so far since the beginning of 2024.

全球最大的 meme 代币狗狗币 (DOGE) 继续强劲上涨，上周涨幅超过 25%。截至目前，DOGE 自 2024 年初以来已上涨 134%。

While wondering what the reasons are behind this rise in Dogecoin and whether the rise will continue, on-chain data provider Santiment stated that the strong momentum in Dogecoin is due to strong whale activity.

在想知道狗狗币上涨背后的原因是什么以及上涨是否会持续的同时，链上数据提供商 Santiment 表示，狗狗币的强劲势头是由于鲸鱼活动的强劲。

Stating that, according to the data, a significant amount of inactive whales reactivated DOGE assets and put them back into circulation, Santiment said that this activity brought an increase in DOGE.

Santiment表示，根据数据，大量不活跃的鲸鱼重新激活了DOGE资产并将其重新投入流通，这一活动带来了DOGE的增加。

Santiment also noted that this rise in DOGE price does not involve the usual fear of missing out (FOMO) that usually precedes market peaks, indicating that the rally in DOGE may continue.

Santiment还指出，DOGE价格的上涨并不涉及通常在市场见顶之前出现的错失恐惧症（FOMO），这表明DOGE的涨势可能会持续。

“Dogecoin is up +10% intraday and +29% this week. This rise of the top meme token by market cap (#8 Cryptocurrency by market cap overall) was driven by large dormant whales that put DOGE back into circulation and normally form tops.” It's fueled by a lack of FOMO.”

“狗狗币盘中上涨了 10%，本周上涨了 29%。市值排名最高的 meme 代币（总体市值排名第 8 的加密货币）的上涨是由大型休眠鲸鱼推动的，这些鲸鱼使 DOGE 重新进入流通并通常形成顶部。”这是由于缺乏 FOMO 情绪而推动的。”

DOGE continues to trade at $0.206 at the time of writing.

截至撰写本文时，DOGE 的交易价格仍为 0.206 美元。

#Dogecoin is up another +10% today, and +29% this week. The top #memecoin by market cap (#8 market cap #crypto asset overall) is being powered by major dormant whales moving $DOGE back into circulation, and a lack of #FOMO that would normally form tops. https://t.co/KKxqe4SBCm pic.twitter.com/Mb8YF71iIq

#Dogecoin 今天又上涨了 10%，本周又上涨了 29%。按市值排名最高的#memecoin（总体市值#8）是由主要休眠鲸鱼将$DOGE重新投入流通所推动的，并且缺乏通常会形成顶部的#FOMO。 https://t.co/KKxqe4SBCm pic.twitter.com/Mb8YF71iIq

— Santiment (@santimentfeed) March 31, 2024

- Santiment (@santimentfeed) 2024 年 3 月 31 日

*This is not investment advice.

*这不是投资建议。

Continue Reading: Bullish Signal for Dogecoin (DOGE) from Santiment!

继续阅读：Santiment 发出的狗狗币 (DOGE) 看涨信号！