On-chain data shows the Dogecoin whales have made some big moves in the past day, a sign that could be worrying for the asset’s price.

链上数据显示，狗狗币鲸鱼在过去一天中采取了一些重大举措，这一迹象可能令人担忧该资产的价格。

Dogecoin Whales Have Made Many Moves During The Last 24 Hours

狗狗币鲸鱼在过去 24 小时内做出了许多举动

According to data from the cryptocurrency transaction tracker Whale Alert, a few large DOGE moves have been spotted on the blockchain during the past 24 hours.

根据加密货币交易追踪器 Whale Alert 的数据，过去 24 小时内，区块链上发现了一些 DOGE 的大动作。

All four of these transfers are on the scale of millions in USD, suggesting that whale entities may have been behind them. The whales refer to the largest investors in the sector, who can hold some influence due to the size of their holdings.

所有四笔转账的规模都达到数百万美元，表明鲸鱼实体可能是幕后黑手。鲸鱼是指该行业最大的投资者，由于其持股规模，他们可以拥有一定的影响力。

Because of this reason, transfers from this cohort can be something to keep an eye on. How a whale moves could affect the market depends on what the whale intends to achieve with it.

因此，该群体的转学值得关注。鲸鱼的举动如何影响市场取决于鲸鱼打算用它实现什么。

Generally, it’s hard to say with certainty about such a motive, but depending on the types of wallets involved and the direction of the coins’ flow, some hints can be gathered.

一般来说，很难确定这种动机，但根据所涉及的钱包类型和代币流向，可以收集到一些线索。

The two oldest transfers from the past day involved the movement of $5.1 million and $7.5 million worth of Dogecoin to the Robinhood platform. Below are the details for the older of the two transactions.

过去一天发生的两笔最早的转账涉及将价值 510 万美元和 750 万美元的狗狗币转移到 Robinhood 平台。以下是两笔交易中较旧的一笔交易的详细信息。

As is visible, an unknown wallet was the sender of the transaction. Such wallets are unattached to any known centralized platform and will likely be investors’ self-custodial addresses.

可以看出，交易的发送者是一个未知的钱包。此类钱包不依赖于任何已知的中心化平台，并且可能是投资者的自我托管地址。

When an investor shifts their coins from their wallets to exchanges, there is always a possibility the move has been made for selling purposes. As such, this deposit from the whale could be bearish for DOGE. The same would go for the other Robinhood deposit from the past day.

当投资者将代币从钱包转移到交易所时，这一举动总有可能是出于出售目的。因此，鲸鱼的沉积物可能对 DOGE 不利。过去一天的另一笔 Robinhood 存款也是如此。

Besides these two deposits, there has been one more exchange inflow transaction in this same window to the cryptocurrency exchange Coinbase.

除了这两笔存款之外，在同一窗口中还有一笔流入加密货币交易所 Coinbase 的交易。

This $5.9 million deposit comes after Dogecoin recovered from its recent lows, so the whale may be looking to sell while some gains remain.

这笔 590 万美元的押金是在狗狗币从近期低点回升后产生的，因此鲸鱼可能会在仍有一些收益的情况下寻求卖出。

The final transaction from the last 24 hours is the largest of the four, as it has seen DOGE worth a whopping $41.5 million shift across the network. However, this transfer is unremarkable because only unknown addresses have been involved in it.

过去 24 小时的最终交易是四笔交易中最大的一笔，因为 DOGE 在网络上的交易价值高达 4150 万美元。然而，这次转移并不引人注目，因为其中只涉及未知地址。

It’s hard to say what this transaction was made for, as it could be anything from a peer-to-peer (P2P) transfer to a simple change of wallets. Thus, unlike the other exchange deposits, this transfer could end up causing volatility in any direction, or it may not even have any influence.

很难说这笔交易的目的是什么，因为它可以是从点对点（P2P）转账到简单的钱包兑换的任何内容。因此，与其他交易所存款不同，这种转移最终可能会导致任何方向的波动，或者甚至可能不会产生任何影响。

DOGE Price

狗狗价格

Dogecoin had recently plunged towards the $0.087 level but has since recovered above the $0.091 mark.

狗狗币最近暴跌至 0.087 美元水平，但此后已恢复至 0.091 美元大关上方。