Millions of Dogecoins (DOGE) were transferred in large volumes in the last 24 hours. These cashouts coincided with the sharp decline of DOGE’s market value, which dropped by 19.4%. This has caused the ensuing analysis of the activities of large players or “whales.” Frequent transfers involving a significant amount of DOGE are tracked and examined by the community as they try to make sense of the situation.

过去 24 小时内，数百万狗狗币 (DOGE) 被大量转移。这些套现恰逢 DOGE 市值大幅下跌，下跌了 19.4%。这引起了随后对大型参与者或“鲸鱼”活动的分析。社区会跟踪和检查涉及大量 DOGE 的频繁转账，并试图了解情况。

Massive Dogecoin transfer reflects market dynamics and investors’ sentiments  

WhaleAlert, a system of blockchain monitoring, pointed out an impressive number of transactions involving large sums of DOGE. The withdrawals involved two major transactions from Robinhood for a combined figure of 250 million DOGE as well as a sizeable deposit back into the platform of 74 million DOGE total. These movements of the stocks under their jurisdiction depict the edge of an exciting change, probably caused by the stressful market situation now.

大规模狗狗币转移反映了市场动态和投资者情绪区块链监控系统 WhaleAlert 指出，涉及大量狗狗币的交易数量令人印象深刻。此次提款涉及 Robinhood 的两笔主要交易，总计 2.5 亿 DOGE，以及一笔总计 7400 万 DOGE 的大量存款回平台。其管辖范围内股票的这些走势描绘了令人兴奋的变化的边缘，这可能是由目前紧张的市场形势引起的。

The first transfer of DOGE took 150 million tokens worth $26 million and moved from the network of Robinhood to some unknown wallet. The follow up transfer came a couple of weeks later, this time for another 100 million DOGE. Another entity that is bucking the trend is Robinhood depositing a total of 920,700,260 DOGE, which is roughly $12.6 million, to its account.

— Whale Alert (@whale_alert) 2024 年 4 月 13 日 DOGE 的首次转账将价值 2600 万美元的 1.5 亿枚代币从 Robinhood 网络转移到某个未知的钱包。几周后进行了后续转账，这次又转账了 1 亿个 DOGE。另一个逆势而上的实体是 Robinhood，它向其账户存入了总计 920,700,260 DOGE，约合 1260 万美元。

The bulk of this heavy flow of funds was transacted on a DOGE market, the last trades of which are assumed to be the ones with the lowest demand. Along with other consecutive downs of the same market, which is generally known for the hazardous and inconstant price levels, this decline has happened.

大量资金流的大部分是在 DOGE 市场上进行的，最后的交易被认为是需求最低的交易。与同一市场的其他连续下跌一起，这个市场通常以危险和不稳定的价格水平而闻名，这次下跌已经发生。

Robinhood giant leader in DOGE market.

A burgeoning flow of DOGE from Robinhood to somewhere else may signal digital currency holders might be trying to control their investments in order to feel secure with every bit of price decrease. 

Robinhood 是 DOGE 市场的巨头领导者。 DOGE 从 Robinhood 迅速流向其他地方可能表明数字货币持有者可能会试图控制自己的投资，以便对每一次价格下跌感到安全。

By contrast, the case of DOGE pocketed by Robinhood might be an alternative strategy by some other investors to market positioning for the long hold period or a favorable time entering the market again for sell-offsWhen it comes to the involvement of the Robinhood company into these deals, especially, this is the case in point. The platform is the top destination for DOGE in the crypto space, and at least 30% of the currency’s total supply is also a courtesy of this service. This role corroborates the critical role DOGE has in the crypto market while its potential effect on the stability and liquidity of the former are hardly to miss.

相比之下，Robinhood 将 DOGE 收入囊中的案例可能是其他一些投资者在长期持有期间进行市场定位的替代策略，或者是再次进入市场进行抛售的有利时机。尤其是交易，就是这样。该平台是 DOGE 在加密货币领域的首选目的地，该货币总供应量的至少 30% 也是得益于这项服务。这一角色证实了 DOGE 在加密货币市场中的关键作用，同时它对前者的稳定性和流动性的潜在影响也不容忽视。

The sale and purchase spree for Dogecoin as of late has highlighted the risky extremities that cryptocurrency markets can take. Big players, or Tusks, hence, can be the ones to determine the course in which DOGE and others will pave their way, with their trade movements. 

最近狗狗币的买卖热潮凸显了加密货币市场可能面临的极端风险。因此，大玩家或象牙可以通过贸易活动来决定 DOGE 和其他人将铺平道路的路线。

Since the industry remains dynamic and unpredictable in moving from turbulence to calm, the decisions of private platforms such as Robinhood and traders of big-cap funds will play a significant role in knowing what the future presents in the cryptosphere.

由于该行业在从动荡走向平静的过程中仍然充满活力且不可预测，因此 Robinhood 等私人平台和大盘基金交易员的决策将在了解加密领域的未来方面发挥重要作用。