强烈抛售后，多霉素鲸鱼累积了5.6亿美元的杜格

在过去的一周中，Dogecoin（$ DOGE）市场看到了大型持有人或鲸鱼的转变，他们似乎有兴趣累积模因硬币。

Over the past week, Dogecoin ($DOGE) saw a shift in large holders, or whales, who seemed to be interested in accumulating the meme coin. These accounts took in a staggering 560 million Dogecoins, just shy of $40 million.

在过去的一周中，Dogecoin（$ DOGE）看到大型持有人或鲸鱼的转变，他们似乎对积累模因硬币感兴趣。这些帐户造成了惊人的5.6亿狗狗，仅少于4000万美元。

This buying frenzy came on the heels of a pretty intense sell-off in $DOGE, and it’s definitely something we want to keep our eyes on. The question is, of course, why are they doing this? And could we see a kind of “reclaimed interest” in $DOGE? Or is this just a set-up for a local top?

这种购买疯狂的是在$ doge中非常强烈的抛售之后，这绝对是我们要关注的事情。问题当然是他们为什么这样做？我们可以看到$ DOGE中的一种“回收利息”？还是这只是本地顶部的设置？

Whales have accumulated 560 million #Dogecoin $DOGE in the past week following an intense sell-off, signaling renewed interest from large holders! pic.twitter.com/ObAVfqC9xi

鲸鱼在过去一周内累积了5.6亿美元的#dogecoin $ Doge，此前一周内强烈抛售，这表明了大型持有人的新利息！ pic.twitter.com/obavfqc9xi

— Ali (@ali_charts) January 31, 2025

- Ali（@ali_charts）2025年1月31日

Potential Market Shift for Dogecoin

Dogecoin的潜在市场转变

Big investors, commonly known as whales, influence the price movements of cryptocurrencies. For Dogecoin, the recent accumulation of over half a billion DOGE coins into whale wallets might indicate that these investors are bracing for a possible price rally. But this is not a certain outcome. We could also interpret it to mean that, having just sold off a significant portion of their holdings, Dogecoin’s whales are taking the opportunity to buy back into the market at lower prices, perhaps figuring that the price trend is stabilizing after having been in freefall.

大投资者（通常称为鲸鱼）会影响加密货币的价格变动。对于Dogecoin而言，最近在鲸鱼钱包中积累了超过50亿多名硬币硬币可能表明这些投资者正在支撑可能的价格集会。但这不是一定的结果。我们还可以将其解释为意味着，刚卖出了很大一部分股份，Dogecoin的鲸鱼正在借此机会以较低的价格回购市场，也许认为价格趋势在自由落体后正在稳定。

Even with this outcome being a positive one, there are still some warning signs for investors in Dogecoin. The price of Dogecoin, much like other cryptocurrencies, could really take a hit if the broader market takes a turn for the worse. Analysts have expressed worry over what could happen if DOGE breaks below its $0.31 support level; a move like that could very well trigger a correction that would push the price down toward $0.20 and would have all the markings of a “whales taking profits and re-positioning” kind of dip, which in Dogecoin’s case could set off a temporary bearish trend.

即使这一结果是积极的结果，对于Dogecoin的投资者仍有一些警告信号。与其他加密货币一样，Dogecoin的价格确实会受到打击，如果更广泛的市场变得更糟。分析师对如果Doge突破其0.31美元的支持水平，可能会发生什么；这样的举动很可能会触发更正，该更正将使价格降低到0.20美元，并具有“捕鲸利润和重新定位”的所有标记，在Dogecoin的情况下，这可能会引发临时的看跌趋势。

Is #Dogecoin following $PEPE? If so, a breakdown below $0.31 could trigger a correction toward $0.20 for $DOGE! pic.twitter.com/fuKfgUwPNI

#dogecoin是$ pepe吗？如果是这样，则低于$ 0.31的故障可能会触发$ 0.20 $ DOGE的更正！ pic.twitter.com/fukfguwpni

— Ali (@ali_charts) February 1, 2025

- Ali（@ali_charts）2025年2月1日

Grayscale’s Move to Offer Dogecoin Exposure

灰度的举动提供狗狗币的举动

Besides the endeavors of large investors, another significant development could direct more institutional focus toward Dogecoin. Grayscale Investments, the world’s largest crypto asset manager, has just launched the Grayscale Dogecoin Trust. This move gives high-net-worth individuals and institutional investors a straightforward way to gain exposure to $DOGE, the native coin of the Dogecoin network. The trust is now open for daily subscription. This means eligible investors can now buy into the trust and indirectly hold Dogecoin. And do you know what they don’t have to do to hold it? That’s right. They don’t have to buy it directly on exchanges.

除了大型投资者的努力外，另一个重大的发展还可以将更多的机构集中在Dogecoin上。全球最大的加密资产经理Grayscale Investments刚刚启动了Grayscale Dogecoin Trust。这一举动使高净值个人和机构投资者一种直接的方式，可以使Dogecoin Network的本地硬币接触$ DOGE。该信托现已开放供日常订阅。这意味着符合条件的投资者现在可以购买信托基金并间接持有Dogecoin。而且您知道他们不需要持有它吗？这是正确的。他们不必直接在交易所购买。

? @Grayscale Inv Announces Grayscale @Dogecoin Trust

？ @grayscale Inv宣布grayscale @dogecoin Trust

Grayscale Dogecoin Trust goes live, offers investors the opportunity to gain exposure to $DOGE, the native coin of the Dogecoin network. The Trust is now open for daily subscription by eligible… pic.twitter.com/t3cJVa17Ol

Grayscale Dogecoin Trust上线，为投资者提供了获得Dogecoin Network的本地硬币$ DOGE的机会。该信托现在可以通过合格的……pic.twitter.com/t3cjva17ol开放

— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) January 31, 2025

- 🇺🇦cryptodep #standwithukraine🇺🇦（@crypto_dep）2025年1月31日

For Dogecoin, this launch represents a major milestone. It potentially paves the way for far more institutional investment in the asset than we have seen thus far. Unlike Grayscale’s other trusted digital currency products, which hold only Bitcoin, Ethereum, and Zcash, the Grayscale Dogecoin Trust could help make the Dogecoin Dream come a little closer to reality.

对于Dogecoin而言，此次发布代表了一个主要的里程碑。它有可能为对资产的机构投资铺平道路，而不是我们到目前为止所看到的。与Grayscale的其他值得信赖的数字货币产品（仅拥有比特币，以太坊和Zcash）不同，Grayscale Dogecoin Trust可以帮助使Dogecoin Dream更接近现实。

The Grayscale Dogecoin Trust’s inception substantiates Dogecoin’s legitimacy as a serious contender in the space. Yet it operates within an asset class more emblematic of the Wild West than Wall Street. Although the trust offers a more structured way for investors to gain direct exposure to DOGE, the trust’s underlying asset, the Dogecoin network, is still very much in play; and it too is characterized as a “serious asset” by Grayscale’s parent company, Digital Currency Group.

Grayscale Dogecoin Trust的Inception证明了Dogecoin在该领域的认真竞争者的合法性。然而，它在比华尔街更具象征性的资产类别中运作。尽管该信托基金为投资者提供了一种更具结构化的方式，可以直接接触Doge，但信托基金会的基本资产，Dogecoin网络仍在起作用。它也被格雷斯卡（Grayscale）的母公司数字货币集团（Digital Currency Group）描述为“严重资产”。

Conclusion: A Critical Time for Dogecoin

结论：Dogecoin的关键时间

With Grayscale’s trust offering new ways to invest, the meme coin is at a make-or-break moment. But for those who own it, the news isn’t all bad. Accumulating a significantly large amount of the coins may, in fact, signal that the next big move for Dogecoin is to the upside.

借助Grayscale的信任提供了新的投资方式，模因硬币正处于制造或突破的时刻。但是对于那些拥有它的人来说，这个消息还不错。实际上，积累大量的硬币可能表明，Dogecoin的下一个大动作是上升的。

This may be enhanced, too, by the 8th anniversary of the coin, which will occur in December 2023. Investors should keep a close watch on both the price action and the

这也可以在2023年12月发生的硬币八周年之前得到加强。投资者应密切关注价格行动和