Dogecoin’s 96 Million Token Release Raises Concerns of Market Volatility

Dogecoin is set to release approximately 96.52 million tokens into circulation between May 19 and May 26, a move that has raised concerns about potential market instability. Though representing only 0.06% of its total supply, the timing and market sentiment surrounding this unlock are generating significant buzz in the crypto space. Analysts attribute the recent price surge to expanding DeFi applications and growing institutional interest. However, Dogecoin failed to sustain its momentum following an attempt to break through $0.25, now falling below the 200-day EMA. This downward reversal has weakened bullish sentiment. ?