Dogecoin's Whale Exodus Raises Concerns

狗狗币的鲸鱼出走引发担忧

The recent on-chain data for Dogecoin (DOGE) indicates a concerning trend: whales are gradually withdrawing from the meme coin. Without the support of large investors, DOGE faces the risk of further decline.

狗狗币（DOGE）最近的链上数据表明了一个令人担忧的趋势：鲸鱼正在逐渐退出模因币。没有大投资者的支持，DOGE面临进一步下跌的风险。

Declining Large Transactions

大额交易减少

The number of large transactions has witnessed a significant drop. As of June 2, only 718 transactions were recorded compared to a seven-day high of 154,000 on May 27. This suggests a noticeable reduction in whale activity, which can impact DOGE's stability and value.

大额交易数量大幅下降。截至 6 月 2 日，仅记录了 718 笔交易，而 5 月 27 日则达到 154,000 笔的 7 天高点。这表明鲸鱼活动明显减少，这可能会影响 DOGE 的稳定性和价值。

Volume Decline

成交量下降

Similarly, the volume of large transactions has declined sharply. From a seven-day high of 8.65 billion DOGE on May 29, the volume plunged to 4.6 billion DOGE by June 2. This decline signals waning interest from large investors who have played a crucial role in influencing the price of sentiment-driven cryptocurrencies.

同样，大额交易量也大幅下降。交易量从 5 月 29 日达到 86.5 亿 DOGE 的 7 天高位，到 6 月 2 日暴跌至 46 亿 DOGE。这种下跌表明大型投资者的兴趣减弱，他们在影响情绪驱动的加密货币价格方面发挥了至关重要的作用。

Price Struggles

价格斗争

The on-chain metrics align with the DOGE/USDT chart, showing difficulties in staying above key moving averages. The Relative Strength Index (RSI) hovers around 50, indicating a neutral momentum. This suggests that DOGE may not experience significant volatility in the short term.

链上指标与 DOGE/USDT 图表一致，显示出保持在关键移动平均线之上的困难。相对强弱指数（RSI）徘徊在 50 左右，表明势头呈中性。这表明 DOGE 短期内可能不会出现大幅波动。

Lack of Volume

成交量不足

Sustained price appreciation generally requires substantial trading volume. The current low volume levels raise concerns about the potential for a further decline in DOGE's price.

价格持续上涨通常需要大量的交易量。目前的低成交量水平引发了人们对 DOGE 价格进一步下跌的可能性的担忧。