The world’s largest memecoin, Dogecoin (DOGE), has once again caught the attention of institutional investors and whales. At the time of writing this article, DOGE is trading at $0.07691 with a market cap of $10.9 billion, experiencing an increase of nearly 1% in the last 24 hours. Data suggests that the next target level for this giant memecoin, which has increased its value by more than 136 times since its inception, could be $0.1.

全球最大的模因币狗狗币（DOGE）再次引起了机构投资者和鲸鱼的关注。截至撰写本文时，DOGE 的交易价格为 0.07691 美元，市值为 109 亿美元，在过去 24 小时内上涨了近 1%。数据显示，这个巨大的 memecoin 自诞生以来其价值已增加了 136 倍以上，其下一个目标水平可能是 0.1 美元。

Dogecoin’s High Institutional and Whale Interest

狗狗币的高机构和鲸鱼兴趣

Dogecoin saw a significant increase in transactions surpassing $100,000 throughout last month and continuously reached new highs. Experienced cryptocurrency analyst Ali Martinez reported that this notable increase indicates an increased interest in DOGE from institutional players and large-scale investors, also known as whales, leading to speculation of significant price increases in the short term.

狗狗币上个月的交易量大幅增加，超过 10 万美元，并不断创出新高。经验丰富的加密货币分析师 Ali Martinez 报告称，这一显着增长表明机构参与者和大型投资者（也称为鲸鱼）对 DOGE 的兴趣增加，导致短期内价格大幅上涨的猜测。

A significant amount of old DOGE is currently being transferred from previously inactive wallet addresses, indicating a potential change in the price trajectory of this meme-inspired altcoin. This movement coincides with an increasing trend of creating wallet addresses holding over one million DOGE, indicating growing interest from significant investors.

目前，大量旧 DOGE 正在从以前不活跃的钱包地址转移，这表明这种受模因启发的山寨币的价格轨迹可能发生变化。这一趋势与创建持有超过 100 万 DOGE 的钱包地址的趋势相一致，表明重要投资者的兴趣日益浓厚。

On-chain analysis firm Santiment stated that this significant increase in transfers of old DOGE from inactive wallet addresses is a notable development in the market dynamics of the altcoin.

链上分析公司 Santiment 表示，从不活跃钱包地址转移旧 DOGE 的显着增加是山寨币市场动态的显着发展。

Is $0.1 Next in Line for DOGE Price?

DOGE 价格接下来会是 0.1 美元吗？

DOGE’s ongoing rally could gain more momentum with increasing demand from new users, but bulls need to overcome the initial resistance at $0.080 to sustain this upward trend. Global In/Out of the Money (GIOM) data from IntoTheBlock, categorizing current DOGE investors based on their entry prices, also supports this analysis.

随着新用户需求的增加，DOGE 的持续上涨可能会获得更多动力，但多头需要克服 0.080 美元的初步阻力才能维持这一上涨趋势。 IntoTheBlock 的全球资金进/出 (GIOM) 数据根据当前 DOGE 投资​​者的入场价格对其进行分类，也支持了这一分析。

The data reveals that 762,860 wallet addresses purchased 19.6 billion DOGE at a minimum price of $0.80. A significant sell-off by these investors could trigger a sudden drop in Dogecoin’s price, but breaking through the initial sell wall could pave the way for reclaiming $0.10.

数据显示，762,860 个钱包地址以 0.80 美元的最低价格购买了 196 亿个 DOGE。这些投资者的大幅抛售可能会引发狗狗币价格突然下跌，但突破最初的抛售墙可能会为收回 0.10 美元铺平道路。

On the contrary, a drop in price below $0.06 could disrupt the current bullish outlook. In such a scenario, support could come from 457,560 wallet addresses that purchased 30.8 billion DOGE at an average price of $0.067. If these investors choose to hold their positions, it could prevent a decline in Dogecoin’s price. However, an early sell-off by this group could cause Dogecoin’s price to drop to $0.06.

相反，价格跌破 0.06 美元可能会扰乱当前的看涨前景。在这种情况下，支持可能来自 457,560 个钱包地址，这些地址以 0.067 美元的平均价格购买了 308 亿个 DOGE。如果这些投资者选择持有头寸，则可以防止狗狗币价格下跌。然而，该群体的早期抛售可能会导致狗狗币的价格跌至 0.06 美元。

继续阅读：https://en.coin-turk.com/dogecoin-attracts-high-institutional-and-whale-interest/