Adding to the woes of the cryptocurrency market, Dogecoin, the prominent memecoin with the highest market value, has experienced a notable setback with a over 10% drop in its price over the last 24 hours. This downturn follows a trend of significant declines witnessed by the dog-themed altcoin in the previous week.

令加密货币市场雪上加霜的是，市值最高的著名 memecoin 狗狗币 (Dogecoin) 经历了显着的挫折，其价格在过去 24 小时内下跌了 10% 以上。这次低迷是在上周以狗为主题的山寨币出现大幅下跌趋势之后发生的。

The current trajectory of DOGE’s price decline raises concerns among investors and market observers, as it points to potential challenges and uncertainties surrounding the memecoin’s stability.

DOGE 目前的价格下跌轨迹引起了投资者和市场观察人士的担忧，因为它表明了围绕 memecoin 稳定性的潜在挑战和不确定性。

Whale Moves: Dogecoin Uncertainty Peaks

鲸鱼行动：狗狗币不确定性峰值

Compounding this situation is the recent activity of large holders, colloquially referred to as “whales,” who have moved substantial amounts of Dogecoin – exceeding 600 million DOGE – to major trading platforms like Binance and Robinhood.

使这种情况更加复杂的是大持有者（俗称“鲸鱼”）最近的活动，他们将大量狗狗币（超过 6 亿 DOGE）转移到币安和 Robinhood 等主要交易平台。

300,000,000 #DOGE (24,629,096 USD) transferred from unknown wallet to #Binancehttps://t.co/M3WBb9bPOW

300,000,000 #DOGE（24,629,096 美元）从未知钱包转移到#Binancehttps://t.co/M3WBb9bPOW

— Whale Alert (@whale_alert) January 4, 2024

— 鲸鱼警报 (@whale_alert) 2024 年 1 月 4 日

The transfer of such significant volumes by influential holders to popular trading platforms introduces an element of uncertainty in the market, with the potential to exacerbate the ongoing decline in Dogecoin’s value.

有影响力的持有者将如此大量的交易量转移到流行的交易平台，给市场带来了不确定性，有可能加剧狗狗币价值的持续下跌。

Some 82 million and 102 million DOGE, or more than $15 million, came from two secret addresses to Robinhood at the start of the movement.

运动开始时，Robinhood 的两个秘密地址分别有 8200 万和 1.02 亿 DOGE，即超过 1500 万美元。

A little while later, a reversal occurred when 151 million meme coins, or almost $12 million, went from Robinhood to an unidentified wallet.

不久之后，情况发生了逆转，1.51 亿枚 Meme 币（约合 1200 万美元）从 Robinhood 转移到了一个身份不明的钱包。

The culmination took place when the most substantial transfer, 300 million Dogecoin valued at $24 million, was transmitted from an unidentified location to Binance.

当最大一笔转账（价值 2400 万美元的 3 亿狗狗币）从一个身份不明的地点转移到币安时，事情达到了高潮。

At the time of publication on Thursday, the price of DOGE had dropped by 10%, trading at $0.08. Furthermore, the coin’s value has decreased by roughly 12% over the past seven days. Furthermore, even with the early gains, the 30-day losses have now reached about 11%.

截至周四发稿时，DOGE 的价格已下跌 10%，交易价格为 0.08 美元。此外，过去 7 天内该币的价值下跌了约 12%。此外，即使有早期的涨幅，目前 30 天的跌幅也已达到约 11%。

DOGE Plunge: Market Drop, Trading Surge

DOGE暴跌：市场下跌，交易激增

When Dogecoin dropped from $0.09 to its current price in less than two hours on Wednesday, the decline in value grabbed traction. The market value of the meme coin fell by 9.95% to $11.77 billion as a result of this decline.

周三，当狗狗币在不到两小时内从 0.09 美元跌至当前价格时，价值的下跌引起了人们的关注。受此下跌影响，meme 币市值下跌 9.95%，至 117.7 亿美元。

Its trading volume increased significantly in the last day, rising 165% to a little over $1 billion, despite the price decline.

尽管价格下跌，但其最后一天的交易量大幅增加，增长了 165%，达到略高于 10 亿美元。

These sudden movement come at a pivotal moment for Dogecoin. The much-anticipated DOGE-1 mission, funded entirely by the Dogecoin community, is set to launch this winter.

这些突然的变动发生在狗狗币的关键时刻。备受期待的 DOGE-1 任务完全由狗狗币社区资助，将于今年冬天启动。

The CubeSat mission, developed by Geometric Energy Corporation, marks a historic step for the cryptocurrency, aiming to collect “lunar-spatial intelligence” with onboard sensors and a camera.

由 Geometric Energy Corporation 开发的 CubeSat 任务标志着加密货币迈出了历史性的一步，旨在通过机载传感器和相机收集“月球空间情报”。

The National Telecommunications and Information Administration (@NTIAgov), a Department of Commerce (@CommerceGov) agency, approved DOGE-1 X-Band (0083-EX-CN-2022 on https://t.co/b6iEAYdTPV)

美国商务部 (@CommerceGov) 机构国家电信和信息管理局 (@NTIAgov) 批准了 DOGE-1 X 频段（0083-EX-CN-2022，https://t.co/b6iEAYdTPV）

We have yet to get the FCC license grant which will address X-Band and S-Band $XI pic.twitter.com/YSJoyLclQk

我们尚未获得 FCC 许可，该许可将解决 X 频段和 S 频段 $XI pic.twitter.com/YSJoyLclQk

— SΔMUΞL RΞIÐ (e/acc) (@SamuelReidGEC) November 28, 2023

— SΔMUΞL RΞIÐ (e/acc) (@SamuelReidGEC) 2023 年 11 月 28 日

While the DOGE-1 mission brings a wave of excitement and publicity, the recent whale activity casts a shadow of uncertainty. The price drop sparked by the massive token transfers could be interpreted in multiple ways.

虽然 DOGE-1 任务带来了一波兴奋和宣传浪潮，但最近的鲸鱼活动却蒙上了不确定性的阴影。大规模代币转移引发的价格下跌可以有多种解释。

Some see it as shrewd market maneuvering, capitalizing on a temporary dip. Others worry it may signal a loss of confidence in Dogecoin’s long-term potential.

一些人认为这是精明的市场操纵，利用了暂时的下跌。其他人担心这可能表明人们对狗狗币的长期潜力失去信心。

With the launch date approaching, the interplay between the whale activity, the DOGE-1 mission, and broader market trends will be crucial to watch.

随着发射日期的临近，鲸鱼活动、DOGE-1 任务和更广泛的市场趋势之间的相互作用将至关重要。

Can the launch generate enough positive momentum to counteract the price decline? Or will the whales’ actions continue to hold the currency hostage?

此次推出能否产生足够的积极动力来抵消价格下跌？或者鲸鱼的行为会继续劫持货币吗？

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