Dogecoin Price Surge Driven by Increased Token Circulation

代币流通量增加推动狗狗币价格飙升

In the past 24 hours, Dogecoin's price has witnessed a 2% uptick, ranging between $0.39 and $0.41. Market data indicates a significant movement of 5.8 billion DOGE tokens that were previously inactive.

在过去 24 小时内，狗狗币的价格上涨了 2%，涨幅在 0.39 美元至 0.41 美元之间。市场数据显示，之前不活跃的 58 亿 DOGE 代币发生了重大变动。

This surge follows a sluggish week during which Dogecoin lost nearly 6%, failing to capitalize on Bitcoin's recent gains. However, increased token circulation and reduced exchange net flows suggest growing speculative interest and a holding mindset among investors.

此次飙升是在经历了低迷的一周之后出现的，狗狗币在本周下跌了近 6%，未能利用比特币近期的涨幅。然而，代币流通量的增加和交易净流量的减少表明投资者的投机兴趣和持有心态不断增强。

Dogecoin's Investor Activity

狗狗币的投资者活动

Over the last 24 hours, Dogecoin's price has experienced a 2% spike, while Bitcoin recorded a 4% increase during the same period. According to CoinGecko, the meme coin's price has fluctuated between $0.39 and $0.41. This rise comes after DOGE's 6% decline in the past week, despite Bitcoin's remarkable rally.

在过去 24 小时内，狗狗币的价格上涨了 2%，而同期比特币的价格上涨了 4%。据 CoinGecko 称，meme 币的价格在 0.39 美元至 0.41 美元之间波动。尽管比特币大幅上涨，但 DOGE 在过去一周下跌了 6%，之后出现了这一上涨。

The recent price boost for Dogecoin appears to be driven by increased token circulation. On-chain analyst Ali Martinez shared a Santiment chart indicating that 5.8 billion DOGE tokens have re-entered circulation.

狗狗币最近的价格上涨似乎是由代币流通量增加推动的。链上分析师 Ali Martinez 分享了一份 Santiment 图表，显示 58 亿个 DOGE 代币已重新进入流通。

Possible Impact of Token Movement

代币变动可能产生的影响

These previously inactive tokens have recently become active and are being traded. Such movements, especially when involving long-held tokens, can indicate profit-taking or repositioning by large holders. In this case, the surge in circulation coincides with a price increase, suggesting increased speculative activity.

这些以前不活跃的代币最近变得活跃并正在进行交易。这种变动，尤其是涉及长期持有的代币时，可能表明大持有者获利了结或重新定位。在这种情况下，流通量激增与价格上涨同时发生，表明投机活动增加。

RSI and Net Exchange Flows

RSI 和净交易流量

Dogecoin's Relative Strength Index (RSI) is currently in a neutral range, neither overbought nor oversold. Since November, the RSI has been trending downwards from overbought territory, reflecting the price correction over the month. However, a recent uptick in the RSI signals potential buying momentum in the upcoming days.

狗狗币的相对强弱指数（RSI）目前处于中性区间，既没有超买也没有超卖。自 11 月以来，RSI 一直从超买区域下降，反映了本月的价格调整。然而，最近 RSI 的上升预示着未来几天潜在的买盘动力。

Coinglass data also indicates a holding behavior, with more DOGE being withdrawn from exchanges than deposited. This negative net flow may alleviate selling pressure or at least stabilize the price. Notably, DOGE did not participate in Bitcoin's recent surge to $100,000 and has not experienced a comparable ripple effect.

Coinglass 数据还表明了一种持有行为，从交易所提取的 DOGE 多于存入的 DOGE。这种负净流量可能会缓解抛售压力或至少稳定价格。值得注意的是，DOGE 并未参与比特币最近飙升至 10 万美元的过程，也没有经历类似的连锁反应。

Amidst the sluggish DOGE price performance, co-creator Billy Markus has emphasized the coin's original purpose. In a post on X, he stated, "Everything after dogecoin saw dogecoin's success and was made to make money, so none of them have the same soul."

在 DOGE 价格表现低迷的情况下，联合创始人比利·马库斯强调了该货币的最初用途。他在X上的一篇帖子中表示，“狗狗币之后的一切都看到了狗狗币的成功，都是为了赚钱，所以它们都没有相同的灵魂。”