Dogecoin Large Transaction Volume Declines Amidst Market Slump

狗狗币大额交易量因市场低迷而下降

According to IntoTheBlock data, Dogecoin (DOGE) has witnessed $1.17 billion in large transaction volume within the past 24 hours, amounting to 8.33 billion DOGE. While significant, this figure represents a 7.54% decrease from the previous day, signaling a concerning trend for the cryptocurrency.

根据IntoTheBlock数据，狗狗币（DOGE）在过去24小时内发生了11.7亿美元的大额交易量，总计83.3亿DOGE。尽管这一数字很显着，但较前一天下降了 7.54%，表明加密货币的趋势令人担忧。

In the past week, Dogecoin's large transaction volume has experienced a downward trajectory.

过去一周，狗狗币的大额交易量经历了下滑的轨迹。

On October 21st, Dogecoin recorded a peak of 12.87 billion DOGE in large transactions. However, this spike was short-lived, with volume declining soon after. The broader decline commenced on October 16th, when the large transaction volume hit its peak at 21.59 billion DOGE, coinciding with Dogecoin's surge to $0.1499.

10月21日，狗狗币创下了128.7亿DOGE的大额交易峰值。然而，这种飙升是短暂的，成交量很快就下降了。更广泛的下跌始于 10 月 16 日，当时大宗交易量达到 215.9 亿 DOGE 的峰值，同时狗狗币飙升至 0.1499 美元。

Subsequently, Dogecoin's price underwent profit-taking, reaching a low of $0.132 on October 23rd before rebounding. In the past two days, Dogecoin's price has fluctuated within a range of $0.136 to $0.143. At the time of writing, Dogecoin has dropped by 2.15% over the past 24 hours, trading at $0.136.

随后，狗狗币价格遭遇获利了结，于10月23日触及0.132美元低点，随后反弹。过去两天，狗狗币的价格在0.136美元至0.143美元的范围内波动。截至撰写本文时，狗狗币在过去 24 小时内下跌了 2.15%，交易价格为 0.136 美元。

Whale Activity Metrics Show Decline

鲸鱼活动指标显示下降

IntoTheBlock defines large transactions as those exceeding $100,000. The Large Transactions Volume indicator measures the total value of cryptocurrency exchanged in such transactions.

IntoTheBlock 将大额交易定义为超过 100,000 美元的交易。大交易量指标衡量此类交易中交换的加密货币的总价值。

Large Transaction Volume provides an estimate of the total volume moved by whales and institutional participants on any given day. Spikes in Large Transaction Volume indicate significant activity among institutional participants, while declines suggest the opposite.

大交易量提供了鲸鱼和机构参与者在任何一天移动的总交易量的估计。大额交易量的激增表明机构参与者的活动活跃，而下降则表明相反的情况。

The decline in large transaction volume may indicate a reduction in whale activity amidst a broader downturn in market interest, as evidenced by subdued price movements. Large transactions are often perceived as signals of significant market shifts, typically driven by institutional investors or large holders.

大宗交易量的下降可能表明，在市场兴趣更广泛下滑的情况下，鲸鱼活动有所减少，价格走势低迷就证明了这一点。大型交易通常被视为重大市场变化的信号，通常由机构投资者或大股东推动。