Dogecoin Price Slumps, But Whale Activity Hints at Recovery

狗狗币价格暴跌，但鲸鱼活动暗示复苏

Dogecoin's price plunged below $0.15 on June 7th, marking its first decline below that level in June 2024. The consolidation range that characterized the week has raised concerns, but recent whale activity suggests the drop could be temporary.

狗狗币的价格于 6 月 7 日暴跌至 0.15 美元以下，这是 2024 年 6 月以来首次跌破该水平。本周的盘整区间引发了担忧，但最近的鲸鱼活动表明，下跌可能是暂时的。

Whale Transactions Surge

鲸鱼交易激增

According to analyst Ali Martinez, Dogecoin whales have been actively transacting in recent days. Santiment's Whale Transaction Count metric shows over 150 DOGE transactions (each exceeding $1 million) were recorded in the past 24 hours, the highest level since mid-April.

分析师阿里·马丁内斯表示，狗狗币鲸鱼最近几天的交易一直很活跃。 Santiment 的鲸鱼交易计数指标显示，过去 24 小时内记录了超过 150 笔 DOGE 交易（每笔超过 100 万美元），这是自 4 月中旬以来的最高水平。

These large transactions indicate significant investor involvement. However, their intentions—whether accumulating or selling—remain unclear.

这些大型交易表明投资者的大量参与。然而，他们的意图——无论是积累还是卖出——仍不清楚。

Potential Impact on Price

对价格的潜在影响

Whale accumulation can drive Dogecoin's price higher, while whale selling could exacerbate its decline. Their impact is significant given their holdings and transaction size.

鲸鱼的积累可以推高狗狗币的价格，而鲸鱼的抛售可能会加剧其下跌。考虑到他们的持股和交易规模，他们的影响力是巨大的。

Meme Coin Market Volatility

Meme 币市场波动

The broader cryptocurrency market has been facing selling pressure, with a 3% capitalization loss in less than 24 hours. Meme coins have been particularly affected, with Dogecoin dropping 7% and GME losing 37%.

更广泛的加密货币市场一直面临抛售压力，不到 24 小时内市值损失了 3%。 Meme 币受到的影响尤其严重，狗狗币下跌 7%，GME 下跌 37%。

Current Situation

现在的情况

Dogecoin is trading at $0.14830, indicating continued weakness. However, the surge in whale activity suggests a potential reversal of fortune. Whether this activity leads to a recovery or further downturn remains to be seen.

狗狗币的交易价格为 0.14830 美元，表明持续疲软。然而，鲸鱼活动的激增表明命运可能会发生逆转。这项活动是否会导致经济复苏或进一步下滑还有待观察。