• Dogecoin whale activity surged 49.6% to $1.32 billion in 24 hours on October 10th, while trading volumes dropped 22% to $153.7 million.

10 月 10 日 24 小时内，狗狗币鲸鱼活动激增 49.6% 至 13.2 亿美元，而交易量下降 22% 至 1.537 亿美元。

• A discrepancy exists between retail and large-holder DOGE trading, indicating a tug-of-war in the market.

散户和大户 DOGE 交易之间存在差异，表明市场存在拉锯战。

• Despite the current bearish trend, major holders are accumulating DOGE, suggesting long-term bullish expectations.

尽管当前趋势看跌，但主要持有者仍在增持 DOGE，这表明长期看涨预期。

Dogecoin has seen a divergence between lackluster prices and a spike in whale activity amid the latest crypto sell-off.

在最近的加密货币抛售中，狗狗币的价格低迷与鲸鱼活动激增之间存在分歧。

Data from IntoTheBlock shows Dogecoin whale transactions jumped 49.6% to $1.32 billion over 24 hours as of October 10th. This contrasts with a 22% drop in trading volumes to $153.7 million reported by CoinMarketCap.

IntoTheBlock 的数据显示，截至 10 月 10 日，狗狗币鲸鱼交易量在 24 小时内跃升 49.6%，达到 13.2 亿美元。与此形成鲜明对比的是，CoinMarketCap 报告的交易量下降了 22%，至 1.537 亿美元。

The mismatch suggests significant counterbalancing forces between retail and large-holder DOGE trading. As broader sentiment wanes, whales appear to be buying up discounted Dogecoin.

这种不匹配表明散户和大持有者 DOGE 交易之间存在巨大的平衡力量。随着更广泛的情绪减弱，鲸鱼似乎正在买入打折的狗狗币。

This comes amidst slumping Dogecoin price

这是在狗狗币价格暴跌的情况下发生的

This comes even as Dogecoin hovers around $0.05871, down 17% in recent days. But Dogecoin’s daily active addresses have also ticked 2.45% higher to 45.4K addresses, per IntoTheBlock.

尽管狗狗币徘徊在 0.05871 美元左右，最近几天下跌了 17%，但这一情况还是出现了。但根据 IntoTheBlock 的数据，狗狗币的每日活跃地址也增加了 2.45%，达到 45,400 个地址。

The conflicting on-chain data highlights fluid trading conditions across the Dogecoin market spectrum. Weak retail enthusiasm is being offset by resurgent whale accumulation.

相互矛盾的链上数据凸显了整个狗狗币市场的交易状况的不稳定。疲弱的零售热情被鲸鱼囤积的复苏所抵消。

Major holders seem to be capitalizing on Dogecoin’s protracted price depression to build positions for an eventual recovery. Their network activity hints at bullish expectations in the long term.

主要持有者似乎正在利用狗狗币长期的价格低迷来为最终复苏建立头寸。他们的网络活动暗示了长期看涨的预期。

For now, Dogecoin remains technically bearish and constrained by the downtrend. But its strong whale support offers a silver lining amid the ongoing malaise.

目前，狗狗币在技术上仍然看跌，并受到下行趋势的限制。但在持续的低迷时期，鲸鱼的强劲支持带来了一线希望。

If the uptick in large-holder transactions persists, it could lay the groundwork for reduced selling pressure and scope for a trend reversal when macro conditions improve. Whales are bidding their time and buying the dip ahead of the next meme coin mania.

如果大股东交易持续增加，可能会为减少抛售压力和宏观条件改善时趋势逆转的空间奠定基础。鲸鱼们正在等待时机，在下一次迷因币热潮到来之前逢低买入。