On-chain data shows that the Dogecoin whales have gone on a huge accumulation spree during the past week, a sign that can be bullish for DOGE.

鏈上的數據表明，在過去的一周中，狗狗鯨的積累大量狂潮，這一標誌可以看漲。

Dogecoin Whales Have Expanded Their Holdings In Past Week

多黴素鯨在過去一周中擴大了股份

In a new post on X, analyst Ali Martinez has discussed about the latest trend in the Dogecoin (DOGE) supply held by some key investors. The indicator of relevance here is the “Supply Distribution” from the on-chain analytics firm Santiment, which tells us about the total number of coins that the investors of a particular wallet group are holding right now.

在X上的新帖子中，分析師Ali Martinez討論了一些主要投資者持有的Dogecoin（Doge）供應的最新趨勢。相關性的指標是鏈上分析公司Santiment的“供應分配”，該公司告訴我們特定錢包集團的投資者目前正在持有的硬幣總數。

Holders or addresses are divided into these cohorts based on the number of coins that they are carrying in their balance. The 1 to 10 coins group, for instance, includes all investors who own between 1 and 10 tokens of the memecoin.

持有人或地址根據他們在平衡中攜帶的硬幣數量分為這些人群。例如，1至10個硬幣組包括所有擁有1到10個代幣的投資者。

In the context of the current topic, the cohort of interest is the 1 million to 10 million coins one. At the current exchange rate, the lower bound of the range converts to $180,000 and the upper one to $1.8 million.

在當前主題的背景下，感興趣的隊列是100萬至1000萬個硬幣。以當前的匯率，該範圍的下限轉換為180,000美元，上限轉換為180萬美元。

While this group certainly doesn't cover the largest of the addresses on the network, it still includes whales that could be considered key for the cryptocurrency. As such, the behavior of this cohort can be worth keeping an eye on.

儘管該集團當然不能涵蓋網絡上最大的地址，但它仍然包括可以被視為加密貨幣關鍵的鯨魚。因此，該隊列的行為值得關注。

Here is the chart shared by the analyst that shows how the supply held by this Dogecoin investor group has changed during the last couple of months:

這是分析師共享的圖表，該圖表顯示了該Dogecoin投資者集團在過去幾個月中的供應情況如何變化：

As displayed in the above graph, the Dogecoin Supply Distribution of the 1 million to 10 million coins group observed a drop around a week or so back, implying these large investors took part in some selling.

如上圖所示，100萬到1000萬個硬幣集團的狗狗供應分佈觀察到大約一周左右的下降，這意味著這些大型投資者參加了一些銷售。

This selling coincided with the recovery rally in DOGE's price, so it would seem that the motive behind it may have been profit-taking. In the past few days, though, as the memecoin's surge has stalled, these investors have reversed their trajectory and loaded up their wallets again.

這種銷售與Doge的價格相吻合，因此，它背後的動機似乎是賺錢的。但是，在過去的幾天中，隨著Memecoin的激增停滯，這些投資者扭轉了軌跡並再次裝滿了錢包。

In total, these Dogecoin whales have purchased about 100 million coins ($18 million) over the past week. Following this shopping spree, the supply held by this cohort has already surpassed the level from before the earlier selloff.

在過去的一周中，這些狗狗鯨總共購買了約1億個硬幣（1800萬美元）。在這次購物狂潮之後，此隊列的供應已經超過了早期拋售之前的水平。

The accumulation from the large holders can be a bullish sign for DOGE's price. The Supply Distribution of the group can be to monitor in the coming days, however, as sometimes it doesn't take much for sentiment to flip in the sector. In the scenario that the indicator reverses its trend again, the memecoin could face a bearish outcome instead.

大型持有人的積累可能是總督價格的看漲信號。該組的供應分佈可能是在未來幾天內監視，因為有時候，在該行業中翻轉的情緒並不需要太多。在指標再次逆轉其趨勢的情況下，Memecoin可能會面臨看跌的結果。

DOGE Price

大門價格

Dogecoin declined under the $0.167 mark yesterday, but it appears the coin has quickly bounced back up as its price is now trading around $0.180.

Dogecoin昨天下跌了0.167美元，但由於其價格現在的價格約為0.180美元，因此硬幣似乎很快就反彈了。