Dogecoin began a recovery with the rest of the crypto market in October and by December, the altcoin’s price would rise to a local peak of $0.107. Amid this recovery, DOGE miners have been selling off a significant portion of their holdings, which could explain the decline in the asset’s price earlier in the week.

狗狗币在 10 月份开始与加密货币市场的其他部分一起复苏，到 12 月份，山寨币的价格将升至 0.107 美元的局部峰值。在这次复苏中，DOGE 矿商一直在抛售其持有的很大一部分资产，这可以解释本周早些时候该资产价格下跌的原因。

Dogecoin Miners Sell $25 Million Worth Of Tokens

狗狗币矿工出售价值 2500 万美元的代币

Dogecoin miners are some of the largest holders of DOGE with their holdings running into the billions. So any significant activity from them in one direction or the other can often be a major factor in where the price goes next. This time around, their activities have learned on the more bearish side and have negatively affected the DOGE price in the process.

狗狗币矿工是 DOGE 的最大持有者之一，其持有量高达数十亿美元。因此，它们在一个方向或另一个方向上的任何重大活动往往都可能成为价格下一步走势的主要因素。这一次，他们的活动变得更加悲观，并在此过程中对 DOGE 价格产生了负面影响。

According to the on-chain crypto data tracking platform IntoTheBlock, Dogecoin miners have been selling into every pump in the last couple of weeks. On November 24, the total combined reserves of DOGE miners had climbed to 4.67 billion DOGE. However, by the second week of December, this figure has dropped by a few hundred million.

根据链上加密数据跟踪平台 IntoTheBlock 的数据，过去几周，狗狗币矿工一直在向各个泵站出售狗狗币。截至11月24日，DOGE矿工总储备量已攀升至46.7亿枚DOGE。然而，到了12月的第二周，这个数字已经下降了几个亿。

Over the last month, the reserves have been on a slow decline, usually on a daily basis. But this decline adds up when zoomed out to look at the big picture. By December 12, Dogecoin miners held 4.4 billion DOGE in their balances, meaning they had sold over 240 million tokens in the space of three weeks.

过去一个月，储备金通常每天都在缓慢下降。但当缩小范围来观察大局时，这种下降就会增加。截至 12 月 12 日，狗狗币矿工的余额中持有 44 亿枚 DOGE，这意味着他们在三周内售出了超过 2.4 亿枚代币。

Taking an average price of DOGE over the last few weeks, the total amount of DOGE sold by these mines comes out to around $25 million. This figure would explain the mounting sell pressure that the altcoin had been acting which eventually led to a brief decline below $0.091.

以过去几周 DOGE 的平均价格计算，这些矿场出售的 DOGE 总量约为 2500 万美元。这个数字可以解释山寨币所承受的不断增加的抛售压力，最终导致其短暂跌破 0.091 美元。

DOGE Price Recovery In Trouble?

DOGE 价格复苏遇到麻烦？

After the dip earlier in the week, the Dogecoin price has begun to recover as of Thursday. This recovery pushed the price above $0.097 which is a welcome development for investors. But there is still the speculation of more sell pressure coming from DOGE miners.

在本周早些时候下跌之后，狗狗币价格从周四开始回升。此次复苏将价格推升至 0.097 美元上方，这对投资者来说是一个可喜的发展。但仍有猜测称 DOGE 矿商将带来更多抛售压力。

However, there seems to be a change in sentiment among these miners whose holdings have begun to rise once more. Between, December 12 and 13, their holdings went from 4.4 billion to 4.41 billion. A small recovery, but a welcome change.

然而，这些持有量再次开始增加的矿工的情绪似乎发生了变化。 12月12日至13日期间，他们的持仓量从44亿增至44.1亿。虽然是小幅复苏，但却是可喜的变化。

Dogecoin miner net flows are also starting to turn positive after two days of negative net flows totaling over 80 million DOGE. Net flows in this case is the difference between the total amount of inflows and the total amount of outflows from the miners’ wallets. On December 13, the miner’s net flow was 7.09 million DOGE. Still low but a stark contrast to the -43.33 million recorded on December 12.

在经历了两天总计超过 8000 万 DOGE 的负净流量之后，狗狗币矿工净流量也开始转正。在这种情况下，净流量是矿工钱包的流入总额与流出总额之间的差额。 12月13日，该矿机净流量为709万DOGE。仍然较低，但与 12 月 12 日记录的-4333 万形成鲜明对比。