Dogecoin (DOGE) whales have bought over 300 million DOGE tokens in the past week. This indicates that long-term investors feel more confident. At the same time, short-term holders are leaving the market, often selling at a loss after the recent market correction.

在过去的一周中，Dogecoin（Doge）鲸鱼购买了超过3亿多吉令牌。这表明长期投资者更加自信。同时，短期持有人正在离开市场，通常在最近的市场更正后亏损。

Dogecoin On-Chain Fundamentals Are Still Strong

Dogecoin链链基本面仍然很强

According to on-chain data, only 9% of Dogecoin investors who bought in the last 30 days are making a profit. This drop indicates that many short-term traders are selling their coins. This capitulation event was discovered some days ago, with approximately 271 million DOGE sold at a loss. 

根据链上数据，在过去30天内购买的Dogecoin投资者中，只有9％的投资者正在获利。该下降表明许多短期交易者正在出售其硬币。这项投降活动是几天前发现的，大约有2.71亿多吉卖了。 

Notably, this selling is happening due to price fluctuations, leading to what experts call a forced transfer of wealth to stronger investors. Whales with between 100 million and 1 billion DOGE purchased over 330 million DOGE at a discount. This raised their total holdings to 26.73 billion. 

值得注意的是，由于价格波动，这种销售正在发生，这导致专家称其为强迫财富转移给了更强大的投资者。鲸鱼在1亿至10亿辆鲸鱼之间以折扣价购买了超过3.3亿门。这将他们的总股份提高到了267.3亿。 

The data also shows that Dogecoin’s on-chain fundamentals are still strong, even as interest from everyday investors declines. Key measures like network activity, transaction volume, and wallet growth remain steady, indicating that long-term investors are preparing for a future increase.

数据还表明，即使日常投资者的兴趣下降，Dogecoin的链链基本面仍然很强。网络活动，交易量和钱包增长等关键措施保持稳定，表明长期投资者正在为未来的增长做准备。

Dogecoin ETF Could Be on The Horizon

Dogecoin ETF可能即将到来

There is no doubt that the original dog-themed memecoin has seen numerous hype-driven rallies over the years. Recently, Grayscale Investments filed a proposal to launch an exchange-traded fund (ETF) that will track the price of DOGE memecoin.

毫无疑问，这些年来，原始的以狗为主题的纪念物已经看到了许多炒作驱动的集会。最近，Grayscale Investments提出了一项提案，以推出一个将跟踪Doge Memecoin价格的交易所交易基金（ETF）。

If regulators approve the submitted proposal, it would allow investors to access it in a regulated way through traditional stock exchanges. 

如果监管机构批准提交的提案，它将允许投资者通过传统的证券交易所以受监管的方式访问它。 

This would give Dogecoin a bigger place in the mainstream crypto market. Meanwhile, Grayscale revealed that it is renaming its Grayscale Dogecoin Trust to the Grayscale Dogecoin Trust ETF.

这将使Dogecoin在主流加密市场中更大。同时，Grayscale透露，它正在将其灰花dogecoin Trust重命名为Grayscale Dogecoin Trust ETF。

As reported by TheCoinRise, shares of the new Digecoin fund are set to be listed on NYSE Arca under the symbol GDOG. However, the proposal is still pending the U.S. Securities and Exchange Commission (SEC) approval.

据TheCoinrise报道，新的Digecoin基金的股票将在符号GDOG下列出在纽约证券交易所。但是，该提案仍在美国证券交易委员会（SEC）批准之前。

The Strategic Role of Dogecoin

Dogecoin的战略角色

Dogecoin, created in 2013 as a lighthearted payment system by software engineers Billy Markus and Jackson Palmer, has evolved to become the eighth-largest cryptocurrency by market capitalization. 

Dogecoin由软件工程师Billy Markus和Jackson Palmer创建于2013年，是一种轻松的支付系统，已进化为市值通过市值成为第八大加密货币。 

Recall that China-based pork processor turned Bitcoin miner Bit Origin has officially launched its crypto treasury strategy by purchasing 40.5 million Dogecoin. 

回想一下，总部位于中国的猪肉加工机变成比特币矿工BIT Origin已通过购买4,050万狗狗来正式启动其加密货币策略。 

This marked a significant pivot in its evolving business direction. Bit Origin’s CEO Jiang stated that the decision to adopt Digecoin for its treasury was due to the token nearing an “inflection point” for micropayments. This is driven by renewed developer interest and broader institutional momentum toward tokenization.

这标志着其不断发展的业务方向的重要枢轴。 Bit Origin的首席执行官江说，决定采用Digecoin的国库会决定，这是由于令牌接近微付款的“拐点”。这是由开发人员的兴趣和更广泛的制度动力驱动的。

The post Dogecoin Whales Bag More as Short-Term Holders Sell at a Loss appeared first on TheCoinrise.com.

由于短期持有人在thecoinrise.com上首次出现的损失出售时，狗蛋白鲸袋的袋子更多。