Dogecoin (DOGE) has witnessed a significant surge in transactions exceeding $100,000 in the past month. This came when the meme coin experienced a substantial price spike. 

过去一个月，狗狗币 (DOGE) 的交易量大幅飙升，超过 100,000 美元。这是当模因币经历了大幅价格上涨时发生的。

More whale activity 

更多鲸鱼活动

This sudden spike indicates a newfound interest in DOGE from larger financial entities, commonly referred to as "whales" and institutional investors. 

这种突然的飙升表明大型金融实体（通常被称为“鲸鱼”）和机构投资者对 DOGE 产生了新的兴趣。

The data shows a substantial fluctuation in transaction volumes, with the highest in the last seven days reaching $2.12 billion on Nov. 17, and a low of $965.41 million on Nov. 18.

数据显示，交易量波动较大，近7天最高交易额在11月17日达到21.2亿美元，最低交易额在11月18日达到9.6541亿美元。

This trend is particularly notable given Dogecoin's reputation as a more community-focused and less institutionally driven cryptocurrency. 

考虑到狗狗币作为一种更以社区为中心、更少受制度驱动的加密货币的声誉，这种趋势尤其值得注意。

Analysts speculate that this increase in whale activity could be a precursor to a significant price movement in the near future.

分析师推测，鲸鱼活动的增加可能是不久的将来价格大幅波动的先兆。

A reality check 

现实检验

Despite the recent surge in transaction volumes and investor interest, Dogecoin remains considerably distant from its all-time high (ATH). It is currently at 89.65% of its peak value, according to CoinGecko data.    

尽管近期交易量和投资者兴趣激增，但狗狗币距离历史最高点 (ATH) 仍相去甚远。根据 CoinGecko 的数据，目前它处于峰值的 89.65%。

The current price of DOGE stands at $0.075715, a stark contrast to its historical highs. 

DOGE 目前的价格为 0.075715 美元，与其历史高位形成鲜明对比。

Moreover, the market data reveals that over 40% of Dogecoin holders are experiencing losses, even in light of the recent price increase, according to IntoTheBlock data.  

此外，根据 IntoTheBlock 数据，市场数据显示，即使最近价格上涨，超过 40% 的狗狗币持有者仍在遭受损失。