Dogecoin's Massive Whale Dump Raises Concerns

狗狗币的大规模鲸鱼垃圾场引发担忧

Amidst Dogecoin's recent price surge, a significant whale has offloaded a staggering 120M DOGE tokens, stirring the crypto community. This transfer, recorded on May 18, has sparked speculation about DOGE's future price trajectory.

在狗狗币最近价格飙升的过程中，一头巨鲸抛售了惊人的 1.2 亿枚 DOGE 代币，震惊了加密社区。此次转账记录于 5 月 18 日，引发了人们对 DOGE 未来价格走势的猜测。

120M DOGE Whale Transfer

120M DOGE鲸鱼转运

According to on-chain data from Whale Alert, an unknown whale (address: DDuXG) dumped 120 million DOGE onto the Robinhood exchange, equivalent to $18.55 million. This transfer coincided with DOGE's recent price rise, suggesting potential profit-taking by the whale.

根据 Whale Alert 链上数据，一头未知鲸鱼（地址：DDuXG）向 Robinhood 交易所抛售了 1.2 亿枚 DOGE，相当于 1855 万美元。此次转移恰逢 DOGE 最近的价格上涨，这表明鲸鱼可能会获利了结。

Previous Accumulations

之前的积累

Further investigation revealed that the same address had accumulated 226 million DOGE from Robinhood last month when DOGE was trading near $0.13. This highlights the significant gains made by the whale through this transfer, given DOGE's current price of $0.15.

进一步调查显示，上个月 DOGE 交易价格接近 0.13 美元时，同一地址已从 Robinhood 积累了 2.26 亿个 DOGE。鉴于 DOGE 目前的价格为 0.15 美元，这突显了鲸鱼通过此次转让获得的巨大收益。

Market Impact

市场影响

Despite the whale's substantial selling pressure, DOGE remained in the green, indicating continued support among investors. While the transfer raised concerns, nearly 50% of the whale's accumulated DOGE remains in its address, offering hope for Dogecoin's future price action.

尽管鲸鱼面临巨大的抛售压力，但 DOGE 仍保持绿色，表明投资者的持续支持。尽管此次转移引发了担忧，但鲸鱼积累的 DOGE 中近 50% 仍保留在其地址中，这为狗狗币未来的价格走势带来了希望。

Investor Cautions

投资者注意事项

Crypto investors have adopted a cautious stance towards DOGE following the whale dump, as it raises questions about the coin's long-term viability. The market continues to monitor DOGE's price trajectory and the actions of other whales who may follow suit.

在鲸鱼抛售之后，加密货币投资者对 DOGE 采取了谨慎的立场，因为这引发了人们对该代币长期生存能力的质疑。市场继续关注 DOGE 的价格轨迹以及其他可能效仿的鲸鱼的行动。