Cover image via U.Today

封面图片来自 U.Today

Worrying On-Chain Developments for Dogecoin (DOGE)

狗狗币（DOGE）的链上发展令人担忧

In the past 24 hours, Dogecoin (DOGE), the popular meme cryptocurrency, has experienced concerning on-chain developments.

在过去的24小时里，流行的meme加密货币狗狗币（DOGE）经历了有关链上的发展。

Decline in Large Holder Inflow

大户流入量下降

According to IntoTheBlock, the Large Holders Inflow metric has witnessed a notable 86% decrease. This metric tracks the movement of funds into addresses held by large investors, or "whales."

根据 IntoTheBlock 的数据，大型持有者流入指标显着下降了 86%。该指标跟踪资金流入大型投资者或“鲸鱼”持有的地址的情况。

The Large Holders Inflow fell from 428.72 million DOGE to 62.63 million DOGE, equivalent to approximately $9.45 million. This decrease indicates a substantial reduction in buying activity among these major stakeholders. Typically, a decline in this metric suggests reduced purchasing activity, as large holders often acquire assets on centralized exchanges before transferring them to cold storage. [Source: IntoTheBlock]

大户流入量从 4.2872 亿 DOGE 下降至 6,263 万 DOGE，相当于约 945 万美元。这一下降表明这些主要利益相关者的购买活动大幅减少。通常情况下，该指标的下降表明购买活动减少，因为大持有者通常会在集中交易所购买资产，然后再将其转移到冷库中。 [来源：IntoTheBlock]

Negative Large Holder Netflow

负大持有者净流量

Large Holders Netflow, which provides insight into the position changes of whales and investors holding over 0.1% of the supply, has also declined significantly. Last week, it entered positive territory at 411.69 million DOGE but has since fallen to 31.71 million DOGE. This shift in netflow suggests a change in sentiment among large players, potentially indicating reduced positions or selling.

Large Holders Netflow 可以洞察持有超过 0.1% 供应量的鲸鱼和投资者的头寸变化，也大幅下降。上周，其数量为 4.1169 亿 DOGE，但随后跌至 3,171 万 DOGE。净流量的这种变化表明大型参与者的情绪发生了变化，可能表明头寸减少或抛售。

Price Implications

价格影响

Dogecoin's price has exhibited mixed trends over the past day, with a loss of 2.57% yesterday and a further 1.46% decline today. Currently, the cryptocurrency is trading at $0.152 per DOGE. [DOGE to USD by CoinMarketCap]

狗狗币的价格在过去一天表现出好坏参半的趋势，昨天下跌了 2.57%，今天又进一步下跌了 1.46%。目前，该加密货币的交易价格为每 DOGE 0.152 美元。 [CoinMarketCap 将 DOGE 兑换为 USD]

The implications of the decrease in whale activity on Dogecoin's price dynamics are noteworthy. Historically, the actions of large holders have significantly impacted market movements. Therefore, the sudden decline in whale activity could lead to increased market volatility or signal changes in sentiment among institutional investors.

鲸鱼活动的减少对狗狗币价格动态的影响值得注意。从历史上看，大股东的行为对市场走势产生了重大影响。因此，鲸鱼活动的突然减少可能会导致市场波动加剧或表明机构投资者情绪发生变化。