$RIVER From on-chain data, the top five addresses holding DOG tokens account for about 80%.

From the platform's large account long-short ratio, there are more people betting on a decline, but the volume of longs is higher, indicating that retail investors are shorting while the whales and institutions are going long. Moreover, 80% of the chips are in the hands of the whales, and most of these will be unlocked soon, with the majority of these unlocks also belonging to the whales.
From a human nature perspective, whether you are pushing the price up to sell or crashing the price, it is obvious, and all the chips are still in your hands.
This kind of coin should follow the whales' strategy: buy on dips, and do not sell if the funding fee is not below -2 million. Those who are shorting can only cut their losses first, and consider shorting again when the funding fee hits -2. Otherwise, you will be losing money here and still have to pay the funding fee.