58 亿闲置 DOGE 代币问世，狗狗币价格飙升 2%

过去 24 小时内，狗狗币价格飙升了 2%，而同期比特币则上涨了 4%。

Dogecoin price saw a 2% increase in the last 24 hours, with the meme coin trading within a range of $0.39 and $0.41. The development comes as Bitcoin price increased by 4% in the same period.

狗狗币价格在过去 24 小时内上涨了 2%，模因币的交易价格在 0.39 美元至 0.41 美元之间。这一进展正值比特币价格同期上涨 4% 之际。

According to CoinGecko, Dogecoin price varied between $0.39 and $0.41 in the past 24 hours. The meme coin recorded a 2% price increase in the same timeframe.

据 CoinGecko 称，过去 24 小时内狗狗币价格在 0.39 美元至 0.41 美元之间波动。 Meme 币的价格在同一时间段内上涨了 2%。

This comes after DOGE lost close to 6% in the past week despite Bitcoin’s stellar rally. However, on-chain data seems to be revealing a positive trigger for Dogecoin price.

尽管比特币大幅上涨，但 DOGE 在过去一周仍下跌了近 6%。然而，链上数据似乎揭示了狗狗币价格的积极触发因素。

On-chain analyst Ali Martinez shared a Santiment chart that highlights a massive addition to Dogecoin circulation. As per the chart, 5.8 billion DOGE were moved in the past 24 hours.

链上分析师 Ali Martinez 分享了一张 Santiment 图表，该图表强调了狗狗币流通量的大幅增加。根据图表，过去 24 小时内转移了 58 亿 DOGE。

Increased token circulation could be a positive sign for Dogecoin price

代币流通量的增加可能是狗狗币价格的积极信号

The billions of Dogecoin tokens that were added to circulation were previously idle tokens that became active as they were transferred. Such movements, especially from long-held tokens, could either indicate profit-taking or repositioning by large holders or whales.

添加到流通中的数十亿狗狗币代币以前是闲置代币，但随着转移而变得活跃。这种走势，尤其是长期持有的代币，可能表明大持有者或鲸鱼的获利了结或重新定位。

In this case, considering that we see a spike in circulation alongside a price surge, it could also be signaling increased speculative activity.

在这种情况下，考虑到我们看到流通量激增以及价格飙升，这也可能表明投机活动增加。

Moreover, to gain further insight into Dogecoin’s price movement, on-chain analysis is crucial. Relative Strength Index (RSI) can provide valuable cues. At press time, DOGE’s RSI is in the neutral zone, indicating that the meme coin is neither overbought nor oversold.

此外，为了进一步了解狗狗币的价格走势，链上分析至关重要。相对强弱指数 (RSI) 可以提供有价值的线索。截至发稿，DOGE 的 RSI 处于中性区域，表明 meme 币既没有超买也没有超卖。

Since November, the RSI reveals a gradual decline from the overbought territory, suggesting that the price cooled off over the month. However, the RSI now seems to be indicating a slight reversal upward, which could signal some buying momentum in the coming days.

自11月以来，RSI显示从超买区域逐渐下降，表明价格在一个月内降温。然而，RSI 现在似乎显示出小幅反转向上，这可能预示着未来几天会有一些买盘动力。

According to Coinglass, exchange net flows also reveal a holding behavior. The net exchange flows on December 16 indicate that more DOGE was withdrawn than deposited into exchanges, with the net flows hitting -$67.35 million.

根据 Coinglass 的说法，交易所净流量也揭示了持有行为。 12 月 16 日的净交易流量表明，提取的 DOGE 多于存入交易所的 DOGE，净流量达到 -6735 万美元。

The negative net flows could also be reducing the selling pressure or at least stabilizing the price. Notably, as we can see, DOGE was not part of the $100K Bitcoin price rally and did not experience a similar ripple effect on the meme coin price.

负净流量也可能减少抛售压力或至少稳定价格。值得注意的是，正如我们所看到的，DOGE 并未参与 10 万美元的比特币价格上涨，也没有对 meme 币的价格产生类似的连锁反应。

Meanwhile, as DOGE price faced sluggish performance, co-creator Billy Markus defended DOGE’s original purpose in a post on X, stating, “Everything after dogecoin saw dogecoin’s success and was made to make money, so none of them have the same soul.”

与此同时，由于DOGE价格表现不佳，联合创始人Billy Markus在X上发帖捍卫了DOGE的初衷，他表示，“狗狗币之后的一切都看到了狗狗币的成功，都是为了赚钱，所以它们都没有相同的灵魂。”