Dogecoin (DOGE) is set to release approximately 95.5 million tokens into circulation between July 28 and August 4, 2025. This unlock represents about 0.06% of its total supply, valued at approximately $22.9 million. Such events are common in the cryptocurrency market and can influence price dynamics.
The impact of token unlocks on Dogecoin's price is often mitigated by its substantial liquidity and predictable release schedule. With daily trading volumes exceeding $700 million, the market is generally capable of absorbing these additional tokens without significant price fluctuations. Historical data indicates that Dogecoin's price has remained relatively stable during previous unlock events, suggesting that the upcoming release may not lead to major market disruptions.
Technical analysis shows that Dogecoin has stabilized near the $0.24 level, with support around $0.22 and resistance near $0.28. The 50-day exponential moving average (EMA) serves as a key support level, indicating a prevailing bullish sentiment among traders. This suggests that while the unlock is significant, the market's underlying strength may help to temper any negative effects.
In summary, while the upcoming token unlock will increase Dogecoin's circulating supply, the cryptocurrency's robust liquidity and established market patterns suggest that the impact on its price may be minimal. Investors should continue to monitor market conditions and technical indicators to make informed decisions.