• Dogecoin (DOGE) is experiencing heightened activity.

狗狗币（DOGE）的活动正在增加。

• 121 new wallets containing at least 1 million DOGE each emerged in the past month.

过去一个月出现了 121 个新钱包，每个钱包至少包含 100 万个 DOGE。

• Historical data indicates that previous spikes in whale activity have correlated with increased liquidity and volatility.

历史数据表明，之前鲸鱼活动的激增与流动性和波动性的增加有关。

The original meme-inspired cryptocurrency Dogecoin (DOGE) is exhibiting a flurry of activity not seen in years, prompting speculation of an impending price rally.

最初受模因启发的加密货币狗狗币（DOGE）正在表现出多年来未见的一系列活动，引发了人们对价格即将上涨的猜测。

Over the past month, 121 new Dogecoin wallets have emerged, containing at least 1 million DOGE each, marking substantial interest from “whale” investors. Additionally, high-value wallets that have been long-dormant are suddenly on the move again, unlocking troves of Shiba Inu-themed tokens.

过去一个月，出现了 121 个新的狗狗币钱包，每个钱包至少包含 100 万个 DOGE，这标志着“鲸鱼”投资者的浓厚兴趣。此外，长期休眠的高价值钱包突然再次活跃起来，释放出大量以柴犬为主题的代币。

Historically, such spikes in activity by whales led to increased liquidity and volatility in DOGE pricing. The meme-favorite asset has already seen upward momentum after a long consolidation period and now approaches key resistance levels.

从历史上看，鲸鱼的活动激增导致 DOGE 定价的流动性和波动性增加。经过漫长的盘整期后，这种深受人们喜爱的资产已经出现了上升势头，目前已接近关键阻力位。

Dogecoin could stage another parabolic surge

狗狗币可能会再次出现抛物线飙升

If able to break past prices not reached since 2021’s massive rally, analysts predict DOGE could stage another parabolic leg-up fueled by returning whale money. Unlike that previous mania, however, developing utility use cases this time could impart some staying power.

分析师预测，如果 DOGE 能够突破 2021 年大幅上涨以来未曾达到的价格，那么在返还鲸鱼资金的推动下，DOGE 可能会再次上演抛物线上涨。然而，与之前的狂热不同，这次开发实用用例可以带来一些持久力。

Hints were recently dropped about Dogecoin integration into payment systems being built for Twitter by new owner Elon Musk, himself a vocal DOGE proponent. Any implementation as a digital tender would further validate the cryptocurrency’s cultural sensation into more tangible financial rails.

最近有消息称，狗狗币将被纳入 Twitter 的新所有者埃隆·马斯克 (Elon Musk) 所构建的支付系统中，马斯克本人也是狗狗币 (DOGE) 的坚定支持者。任何作为数字货币的实施都将进一步验证加密货币的文化感受，使其成为更切实的金融轨道。

Still, beyond its celeb-powered hype and potential payment functions, DOGE suffers from a lack of advanced functionality like smart contracts that power wider decentralized finance and Web3 ecosystems. This may hinder larger adoption.

尽管如此，除了明星炒作和潜在的支付功能之外，DOGE 还缺乏先进的功能，例如为更广泛的去中心化金融和 Web3 生态系统提供支持的智能合约。这可能会阻碍更广泛的采用。

Yet for speculators and crypto-curious drawn to the absurdist origins of a joke that somehow manifested billions in market value, Dogecoin retains an irreverent appeal aligned with larger cultural currents.

然而，对于投机者和对加密货币感兴趣的人来说，狗狗币保留了与更大的文化潮流相一致的不敬的吸引力，因为这个笑话的荒诞起源以某种方式体现了数十亿的市场价值。

Its recent consolidation also offers a more disciplined entry point than 2021’s unfounded exuberance. For lightly-exposed risk-takers, a few bucks of play-money in DOGE poses as good a bet as any to ride the next viral wave.

与 2021 年毫无根据的繁荣相比，其最近的整合也提供了一个更有纪律的切入点。对于风险较小的冒险者来说，几块钱的 DOGE 游戏币是驾驭下一波病毒浪潮的绝佳赌注。