Whale Transactions Stir Dogecoin Market

鲸鱼交易搅动狗狗币市场

Amidst ongoing price fluctuations, Dogecoin (DOGE) has once again become a hot topic in the cryptocurrency world due to significant whale activity. Recent on-chain data shows that approximately 456 million DOGE were transferred to the US-based major cryptocurrency exchange Coinbase today. This transfer has caught the attention of Dogecoin traders and investors.

在价格持续波动的情况下，由于鲸鱼活动频繁，狗狗币（DOGE）再次成为加密货币世界的热门话题。最新链上数据显示，今天约有 4.56 亿枚 DOGE 被转移到美国主要加密货币交易所 Coinbase。此次转账引起了狗狗币交易者和投资者的关注。

Whales Dump Millions of DOGE into Coinbase

鲸鱼将数百万 DOGE 投入 Coinbase

The transfer of millions of DOGE to the Coinbase exchange signifies a significant unloading by Dogecoin whales, leading to speculation about decreasing interest among these large-scale investors. This development has created serious concerns about the future trajectory of DOGE's price and paints an uncertain picture for the journey of this altcoin.

数百万 DOGE 转移到 Coinbase 交易所意味着狗狗币鲸鱼的大量抛售，导致人们猜测这些大型投资者的兴趣正在下降。这一事态发展引发了人们对 DOGE 价格未来走势的严重担忧，并为这种山寨币的发展描绘了一幅不确定的图景。

Examining the Current Market Dynamics

检查当前的市场动态

Examining the current market dynamics of Dogecoin, the world's largest dog-themed memecoin, is crucial as it can provide insights into the price movements of the coin. Notably, data from Whale Alert, a platform used to track major movements on blockchains, reported two large DOGE whale transactions today that resulted in 456.82 million DOGE being transferred to a centralized cryptocurrency exchange (CEX). Both transactions moved DOGE to the globally renowned cryptocurrency exchange Coinbase.

检查狗狗币（世界上最大的以狗为主题的模因币）当前的市场动态至关重要，因为它可以提供有关该币价格走势的见解。值得注意的是，用于跟踪区块链主要动向的平台 Whale Alert 的数据今天报告了两笔大型 DOGE 鲸鱼交易，导致 4.5682 亿 DOGE 被转移到集中式加密货币交易所（CEX）。这两笔交易都将DOGE转移到了全球知名的加密货币交易所Coinbase。

In the first transaction, an anonymous wallet address transferred 228.10 million DOGE worth $34.34 million to Coinbase, while in the second transaction, 228.72 million DOGE worth $34.43 million were moved to the cryptocurrency exchange. These whale transactions indicate an increase in the supply of the altcoin on exchanges and point to a decrease in confidence among whales.

在第一笔交易中，匿名钱包地址将价值 3434 万美元的 2.281 亿个 DOGE 转移到 Coinbase，而在第二笔交易中，价值 3443 万美元的 2.2872 亿个 DOGE 被转移到加密货币交易所。这些鲸鱼交易表明交易所上山寨币的供应量增加，并表明鲸鱼之间的信心下降。

Derivative Side Shows Decline Alarm

衍生品方面显示下降警报

Despite the volatile price movements observed in the last 24 hours, DOGE, along with today's whale transactions, is trading in green, contrary to the prevailing downward trend. At the time of writing, the main network asset of the Dogecoin network, DOGE, is trading at $0.1501, up 0.36% in the last 24 hours. This activity in the price trajectory is attracting significant interest among cryptocurrency market participants, indicating a divergence from usual market sentiments and on-chain data.

尽管在过去 24 小时内观察到价格波动剧烈，但 DOGE 以及今天的鲸鱼交易均呈绿色交易，这与普遍的下跌趋势相反。截至撰写本文时，狗狗币网络的主要网络资产 DOGE 的交易价格为 0.1501 美元，在过去 24 小时内上涨了 0.36%。价格轨迹中的这种活动吸引了加密货币市场参与者的极大兴趣，表明与通常的市场情绪和链上数据存在差异。

Coinglass' Analysis

Coinglass 的分析

Coinglass' analysis reveals that the trading volume on the derivative side of the altcoin has dropped by 35.04%, accompanied by a 0.02% decrease in open interest. These measurements show a significant decline in market activity surrounding DOGE and indicate that investors are inclined to close their positions in the altcoin. The overall downward trend in price, combined with these derivative data, suggests a bearish market outlook for Dogecoin, and investors can expect a downward movement in the altcoin's price in the short term.

Coinglass 的分析显示，山寨币衍生品方面的交易量下降了 35.04%，伴随着未平仓合约下降 0.02%。这些测量结果显示，围绕 DOGE 的市场活动显着下降，并表明投资者倾向于平仓山寨币头寸。价格的整体下降趋势，结合这些衍生品数据，表明狗狗币的市场前景看跌，投资者可以预期山寨币的价格在短期内会下跌。

Long-Term Optimism

长期乐观

However, despite short-term bearish expectations, optimism remains for Dogecoin's long-term price trajectory. Some investors expect DOGE to follow the historical pattern of experiencing a parabolic uptrend following Bitcoin's (BTC) fourth block reward halving, pointing to potential upward momentum in the future.

然而，尽管存在短期看跌预期，但狗狗币的长期价格轨迹仍然乐观。一些投资者预计 DOGE 将遵循比特币第四次区块奖励减半后经历抛物线上升趋势的历史模式，这表明未来存在潜在的上升势头。

The post first appeared on COINTURK NEWS: Whale Transactions Stir Dogecoin Market

该帖子首次出现在 COINTURK 新闻上：鲸鱼交易搅动狗狗币市场