$22.9M Dogecoin Floodgates Open: Meme Coin Faces Make-or-Break Liquidity Test
Dogecoin's latest unlock is about to shake the market—hard. $22.9 million worth of DOGE hits circulation this week, testing whether the 'joke' currency can handle real-world pressure.
The liquidity dump: Brace for impact
This isn't just another token release—it's a stress test for Dogecoin's fragile ecosystem. While some see it as healthy distribution, others whisper about coordinated exits. Remember: in crypto, 'unlock' often means 'unload.'
Will DOGE holders HODL through the storm? Or will this trigger the classic crypto cycle of pump, dump, and regret? Either way, the market's about to get a $22.9 million reality check—Wall Street's watching with popcorn ready.
Large Dogecoin Unlock To Hit The Market
In an X post, Wu Blockchain reported that there are a number of single token unlocks that are set to go live in the altcoin market over seven days. However, the ones of concern are the linear unlocks that will continue into the first week of August, putting hundreds of millions of dollars into the market.
One of the major unlocks shown was for Dogecoin, which is supposed to see approximately 95.5 million DOGE tokens added to its supply. Going by the current supply, this WOULD be an additional 0.06% added to the circulating supply. At the current market price, this would be around $22.9 million worth of tokens being added.
Naturally, token unlocks can impact the price of a digital asset, and dogecoin is no different. However, looking at the daily trading volume of the cryptocurrency, which is in the billions of dollars, as well as the deep liquidity across major crypto exchanges, it is likely that the DOGE market will absorb this new supply without much fuss.
Additionally, not all of the 95 million tokens will be sent into circulation at once. Given that it’s a linear unlock, meaning the coins will be released into circulation in smaller batches, it is much easier for the market to absorb the supply without any negative impact to the Dogecoin price.
Other Tokens Being Unlocked
While the Dogecoin token unlock is significant, it is not the largest token unlock expected to happen this week. The crown goes to Solana, which is expected to see 465,770 tokens unlocked. This stash is worth a staggering $87 million and translates to 0.09% of the total supply.
Next on the list is the TRUMP token at 4.89 million tokens worth $50.13 million. This accounts for 1.67% of the total supply. Then, it is followed by Worldcoin (WLD), with an expected 37.23 million tokens to be unlocked, worth $44.67 million, and translates to 2.16% of the total supply.
Other major unlocks include TAO with 50,400 tokens worth $21.49 million. There’s also Avalanche (AVAX) with 700,000 tokens worth $18.07 million, and Celestia (TIA) with 6.96 million tokens worth $14.20 million.
