Dogecoin Whales Sell Off, Signaling Potential Downturn

狗狗币鲸鱼抛售，预示着潜在的经济衰退

Yesterday, Dogecoin (DOGE) prices rallied as whales accumulated the popular meme cryptocurrency. However, the situation has shifted dramatically today.

昨天，随着鲸鱼积累了流行的模因加密货币，狗狗币（DOGE）价格上涨。然而，今天的情况发生了巨大变化。

According to IntoTheBlock data, the netflow of DOGE into large holder wallets has plummeted from 369.46 million to -88.01 million. In the past 24 hours alone, 457.47 million DOGE (approximately $46 million) has exited large holder wallets.

根据IntoTheBlock数据，进入大户钱包的DOGE净流量已从36946万骤降至-8801万。仅在过去 24 小时内，就有 4.5747 亿枚 DOGE（约合 4600 万美元）退出大户钱包。

Large holders are typically defined as those with more than 0.1% of the circulating supply. Their netflow activity indicates a significant reduction in holdings or selling by major investors.

大持有者通常被定义为持有流通量超过 0.1% 的持有者。他们的净流量活动表明主要投资者的持股或抛售大幅减少。

These dips often signal a shift in bias, as large players reduce their positions, which can precede a bearish trend.

这些下跌通常预示着偏见的转变，因为大型参与者减少了头寸，这可能是看跌趋势的先兆。

Pump, Dump, or Correction?

拉高、转储还是修正？

Notably, the preceding 48 hours witnessed a surge in netflow of nearly 1,500%, followed by a sell-off the next day. This is supported by separate metrics for inflows and outflows.

值得注意的是，前 48 小时净流量激增近 1,500%，随后第二天出现抛售。这是由流入和流出的单独指标支持的。

During the review period, inflows declined by 85.6% to 66.21 million DOGE. Simultaneously, the outflow of Dogecoin from major holder wallets amounted to 154.22 million DOGE, a 66% increase compared to the previous day.

回顾期内，流入量下降 85.6%，至 6621 万 DOGE。同时，狗狗币从主要持有者钱包流出达15422万个DOGE，较前一交易日增加66%。

Price Action

价格行为

Despite the volatility, the price of DOGE soared by 7% yesterday to $0.106 before dropping by 4.2%. Subsequent micro pumps and dumps have occurred, but overall, the price action remains relatively flat.

尽管波动较大，DOGE 的价格昨日仍飙升 7% 至 0.106 美元，随后下跌 4.2%。随后出现了微型拉高和抛售，但总体而言，价格走势仍然相对平稳。