Dogecoin Faces Potential Price Drop: Will Supply Surge Trigger a Correction?

A significant supply of 96.52 million DOGE tokens is set to be unlocked between May 12th and May 19th, potentially influencing Dogecoin’s price trajectory. This release adds to the overall market excitement as it coincides with other major token unlocks across Aptos, Arbitrum, Solana, and Worldcoin. The collective unlocking of over $774 million in crypto assets this week could trigger volatility in the market. 36Crypto reported that this event is expected to potentially create a selling pressure on the market. While Dogecoin’s technical performance has been strong recently, the influx of tokens raises questions about its ability to withstand potential selling pressure.