Dogecoin, one of the largest meme-based cryptocurrencies by global market cap, birthed a tidal wave of speculation among crypto market enthusiasts today, April 5, as it noted phenomenal whale activity amid a price downturn. Insights revealed by a blockchain tracker spotlighted nearly 204 million DOGE accumulated by a whale, coming in tandem with the token’s correction & consolidation period within the broader crypto market.

狗狗币是全球市值最大的基于 meme 的加密货币之一，今天（4 月 5 日）在加密货币市场爱好者中掀起了一波投机浪潮，因为它注意到价格低迷期间出现了惊人的鲸鱼活动。区块链追踪器揭示的见解显示，鲸鱼积累了近 2.04 亿个 DOGE，与代币在更广泛的加密市场中的修正和整合期同时发生。

This promptly sparked speculations over a rising price action for DOGE in the near future, mirroring the recent burgeoning of whale accumulations that, in turn, showcase market confidence in the asset. However, following a dominant movement in the green territory over the past 24 hours, the DOGE token recorded a dip as of press time, with market dynamics for the token further sketching an enigmatic scenario for Dogecoin’s price’s potential to pump ahead.

这立即引发了人们对 DOGE 在不久的将来价格上涨的猜测，反映出最近鲸鱼积累的迅速增长，这反过来又显示了市场对该资产的信心。然而，在过去 24 小时绿色区域的主导走势之后，截至发稿时 DOGE 代币出现下跌，该代币的市场动态进一步勾勒出狗狗币价格上涨潜力的神秘场景。

DOGE Whale Accumulation Rides Optimistic Waves

Intriguingly, Whale Alert’s data spotlighted 204.58 million XRP, worth $35.17 million, accumulated by an unknown address from Binance today, April 5. This transaction, coming amid corrections and consolidation witnessed by DOGE, sparked optimistic speculations over a bolstered price action ahead, aligning with the whale’s confidence in the asset.

DOGE 鲸鱼积累掀起乐观浪潮 有趣的是，Whale Alert 的数据显示，今天（4 月 5 日）币安的一个未知地址积累了 2.0458 亿 XRP，价值 3517 万美元。这笔交易是在 DOGE 见证的调整和整合期间进行的，引发了对价格上涨的乐观猜测未来的行动，与鲸鱼对该资产的信心保持一致。

Meanwhile, the broader market speculated over DOGE’s potential rally post-BTC halving, deeming the accumulation to be somewhat in line with this. As reported by CoinGape Media over the past few days, DOGE whale accumulations have been burgeoning alongside the rise in on-chain whale activity, collectively sparking investor enthusiasm over a prompt pump in the pipeline following the completion of this healthy correction.

与此同时，更广泛的市场猜测 DOGE 在 BTC 减半后的潜在反弹，认为积累与此相符。据 CoinGape Media 过去几天报道，随着链上鲸鱼活动的增加，DOGE 鲸鱼的积累一直在迅速增长，这共同激发了投资者对在这次健康调整完成后迅速增加的热情。

Nonetheless, on-chain data added a bearish dash to Dogecoin, further questioning the token’s capability to scale $1 in the future.

尽管如此，链上数据给狗狗币带来了看跌情绪，进一步质疑该代币未来能否扩大到 1 美元。

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Dogecoin Price Slips

As of writing, the Dogecoin token’s price has fallen 2.21% in the past 24 hours and is currently resting at $0.1738. Its 24-hour lows and highs are $0.1718 and $0.1881, respectively.

狗狗币价格下跌截至撰写本文时，狗狗币代币的价格在过去 24 小时内下跌了 2.21%，目前价格为 0.1738 美元。其24小时低点和高点分别为0.1718美元和0.1881美元。

On-chain data revealed by Coinglass spotlighted a 5.81% dip in the token’s open interest, whereas volume dipped 13.52%. This pulled DOGE to a bearish stage today, showcasing reduced market activity and investor interest in the token. In turn, this flagged a downtrend that questions DOGE’s potential to hit $1.

Coinglass 披露的链上数据显示，该代币的未平仓合约下降了 5.81%，而交易量下降了 13.52%。这使得 DOGE 今天陷入看跌阶段，表明市场活动减少，投资者对该代币的兴趣减少。反过来，这标志着下跌趋势，质疑 DOGE 触及 1 美元的潜力。

Meanwhile, as mentioned above, whales appear to be accumulating staggering amounts of DOGE, giving a jack up to the buying pressure in the market. If this buying pressure increases, a possible rise to $0.6 could further pave the way for $1, an analysis by CoinGape media stressed. However, this optimistic forecast is contingent upon Dogecoin navigating through significant resistance levels and keeping up its momentum in the broader crypto market, which currently appears to be facing a flux.

与此同时，如上所述，鲸鱼似乎正在积累惊人数量的 DOGE，加剧了市场的购买压力。 CoinGape 媒体的分析强调，如果这种购买压力增加，则可能上涨至 0.6 美元，并可能进一步为 1 美元铺平道路。然而，这一乐观的预测取决于狗狗币能否突破重大阻力位并在更广泛的加密货币市场中保持其势头，而该市场目前似乎正面临着变化。

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