Dogecoin Struggles Amidst Crypto Market Liquidations

狗狗币在加密货币市场清算中挣扎

With the ongoing decline in the cryptocurrency industry, Dogecoin (DOGE) has become a casualty of the crossfire. CoinGlass data reveals that DOGE is among the leading meme coins facing liquidation, with over $4 million worth liquidated within 24 hours.

随着加密货币行业的持续下滑，狗狗币（DOGE）成为了交火的牺牲品。 CoinGlass 数据显示，DOGE 是面临清算的主要 meme 代币之一，24 小时内清算价值超过 400 万美元。

While this liquidation amount pales in comparison to the $90.06 million for Bitcoin (BTC), it is still a significant figure for DOGE. As of the liquidation point, approximately 41,554,054 DOGE have been liquidated, with long traders accounting for $4.87 million of the total.

虽然这一清算金额与比特币 (BTC) 的 9006 万美元相比相形见绌，但对于 DOGE 来说仍然是一个重要数字。截至清算点，约有 41,554,054 DOGE 已被清算，其中多头交易者占 487 万美元。

The focus on Dogecoin stems from its recent price drop of 7.89% to $0.1121 in 24 hours. This marks its lowest price point in the past month, representing a decline of over 29%.

对狗狗币的关注源于其近期价格在 24 小时内下跌 7.89% 至 0.1121 美元。这标志着过去一个月的最低价格点，跌幅超过 29%。

The meme coin ecosystem as a whole is currently at a critical juncture, with no positive growth among the most capitalized coins. Despite PEPE also experiencing liquidations exceeding $4 million, expectations of a market recovery fueled by Shiba Inu's (SHIB) surge in burn rate have not come to fruition.

整个模因币生态系统目前正处于关键时刻，资本最多的币种没有出现正增长。尽管 PEPE 也经历了超过 400 万美元的清算，但柴犬 (SHIB) 烧钱率飙升推动市场复苏的预期尚未实现。

As a result, the meme coin sector has become vulnerable to the broader market downturn, which has witnessed Bitcoin跌至$58,000.

因此，模因币行业变得容易受到更广泛市场低迷的影响，比特币已跌至 58,000 美元。

Despite the unfavorable market conditions, Dogecoin and other meme coins possess unique ecosystem fundamentals. Apart from whale accumulation and increasing volume, meme coins serve as a litmus test for overall market volatility.

尽管市场条件不利，狗狗币和其他模因币仍拥有独特的生态系统基础。除了鲸鱼的积累和交易量的增加之外，模因币也是整体市场波动性的试金石。

Analysts anticipate that as the market continues its descent, these altcoins may soon reach their bottom. If this occurs, meme coins could potentially experience a more substantial rebound compared to other altcoins.

分析师预计，随着市场继续下跌，这些山寨币可能很快就会触底。如果发生这种情况，与其他山寨币相比，模因币可能会出现更大幅度的反弹。

With DOGE, PEPE, and SHIB in the spotlight, it is suggested that the more significant their decline, the more pronounced their potential resurgence.

DOGE、PEPE 和 SHIB 成为人们关注的焦点，表明它们的衰退越严重，它们的潜在复苏就越明显。