On-chain data has revealed that the Dogecoin shark and whale wallets have been expanding in number recently.

链上的数据显示，Dogecoin鲨鱼和鲸鱼钱包最近一直在扩大。

Shark and Whale Wallets Expand As Dogecoin Price Remains Low

鲨鱼和鲸鱼钱包随着狗狗的价格保持较低而扩大

According to the on-chain analytics firm Santiment, Dogecoin has seen a couple of important indicators rise recently. The first metric of relevance here is the “Supply Distribution” of the DOGE wallets carrying more than 1 million tokens.

根据链上分析公司的说法，Dogecoin最近看到了一些重要的指标。相关性的第一个指标是携带超过100万个令牌的总督钱包的“供应分配”。

The Supply Distribution tells us, among other things, the number of addresses that belong to a particular coin range. The indicator for the 1 to 10 coins group, for instance, measures the amount of holders who own at least 1 and at most 10 DOGE in their balance.

供应分布告诉我们，除其他外，属于特定硬币范围的地址数量。例如，1至10个硬币组的指标衡量拥有至少1和10个余额的持有人的数量。

The 1 million+ DOGE cohort, which is the range of focus here, includes two key investor groups: sharks and whales. At the current exchange rate, the cutoff for the range converts to around $166,600. This is clearly quite a significant amount, which is why the entities belonging to the sharks and whales are considered important on the network.

100万多个门槛队列是这里的重点范围，其中包括两个关键的投资者团体：鲨鱼和鲸鱼。以当前的汇率，该范围的临界值转换为$ 166,600。显然，这是一个很大的数量，这就是为什么属于鲨鱼和鲸鱼的实体在网络上被认为很重要的原因。

Now, here is the chart that shows the trend in the Dogecoin Supply Distribution for the 1 million+ coins range over the last few months:

现在，以下图表显示了过去几个月中100万枚硬币范围的Dogecoin供应分布的趋势：

(Image Credit: Santiment)

（信用图像：santiment）

As displayed in the above graph, the Dogecoin Supply Distribution of the sharks and whales observed a plunge when the bearish action in the memecoin’s price first started in January.

如上图所示，鲨鱼和鲸鱼的狗蛋白供应分布观察到了Memecoin价格的看跌作用于1月首次开始时。

Since the start of February, however, the indicator has reversed its direction and has been following an upward trajectory. Interestingly, this wallet increase has come despite the fact that the asset’s decline has only furthered during the period.

但是，自2月初以来，该指标已逆转其方向，并一直遵循向上的轨迹。有趣的是，尽管资产的下降仅在此期间进一步发展，但这种钱包的增加仍在发生。

The trend would imply that, although the big-money investors panic sold when the drawdown first began, they have since shifted their attention to accumulating the dip instead.

这种趋势意味着，尽管大笔投资者在开始时首先出售了恐慌，但此后，他们将注意力转移到积累蘸酱的情况下。

In total, the shark and whale wallets have gone up by 62 (around 1.24%) since the beginning of February and are now not far from the peak witnessed back in January.

自2月初以来，鲨鱼和鲸鱼钱包总共增加了62（约1.24％），现在距离一月份的山峰不远。

The increase in the large wallets isn’t the only positive sign Dogecoin has seen; there has also been bullish development in another indicator attached in the chart. The metric in question is the Active Addresses, which keeps track of the total number of DOGE addresses taking part in some kind of transaction activity on the blockchain every day.

大钱包的增加并不是狗狗币所看到的唯一积极的迹象。图表中附带的另一个指标也有看涨的发展。所讨论的指标是主动地址，它可以跟踪每天在区块链上参与某种交易活动的Doge地址总数。

From the graph, it’s visible that the Dogecoin Active Addresses has jumped to a 4-month high recently, suggesting a large amount of users have been making transfers on the network.

从图中可以看出，Dogecoin活动地址最近跃升至4个月高，这表明大量用户一直在网络上进行转移。

While the increase in the shark and whale wallets has been occurring for a while now, the signal in the Active Addresses is a more recent one. It would appear that the current low prices may have finally caught the attention of the masses, who are now coming active to make their moves.

虽然鲨鱼和鲸鱼钱包的增加已经发生了一段时间，但活动地址中的信号是最近的信号。看来，目前的低价可能最终引起了群众的注意，他们现在正在积极进行动作。