100 Million Dogecoin (DOGE) Unlock Incoming: What to Expect

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Ah, the tantalizing thrill of the market’s fickle heart! Brace yourselves, for the coming week promises to stir the tranquil waters of cryptocurrency. Between May 19 and May 26, Dogecoin—yes, that beloved shiba-inu mascot of the digital world—is preparing to release a staggering 96.52 million tokens into the wild. This tiny morsel of DOGE represents a mere 0.06% of its circulating supply, but let’s not be fooled by its modest percentage. The value? A juicy $21.9 million, dripping with potential for chaos. Can you feel the tension in the air? 😏

On the technical front, our beloved DOGE was flirting with the idea of a bullish breakout—toward the glorious $0.25 mark, no less! But alas, this dalliance was brief, and the price has since retreated, like a shy debutante at a ball. The black 200 EMA line stands in defiance, mocking DOGE’s efforts to break free from its own limitations. The chart? Oh, the chart tells a tale of a descending triangle—perhaps signaling a bearish continuation unless, of course, a knight in shining armor (aka high trading volume) swoops in to save the day.

But here’s the kicker—the unlock itself. A catalyst for soaring high prices? Maybe, though don’t hold your breath. More likely, it will spark a sell-off, because who doesn’t love a little market saturation to spice things up? Other unlocks this week include Near Protocol (NEAR), releasing a humble $8.24 million, Worldcoin with $43.18 million, and Sui with $12.89 million—peanuts compared to DOGE’s upcoming spectacle.

Even though these unlocks represent more significant chunks of their respective circulating supplies than DOGE, they simply can’t compete with the psychological weight of a cool 100 million DOGE tokens entering the market in rapid succession. The real danger? Liquidity—traders and investors alike must ponder the meaning of that word as they prepare for a potential flood.

Let’s face it: the market is starting to show signs of exhaustion. The breakout was fun while it lasted, but volume has been waning, and without follow-through, these unlocks could be the catalyst for a general price dip. It’s not the percentage of DOGE unlocked that’s the problem; it’s the symbolism, the timing, and the fact that DOGE’s story has been one of missed opportunities. Pair this with the other mid-tier unlocks like WLD, TIA, and NEAR, and the stage is set for a week of wild volatility. Who’s ready for the rollercoaster? 🎢

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2025-05-19 14:04