With over $790 million worth of tokens set to unlock across several cryptocurrencies this week, Dogecoin’s (DOGE) daily linear unlock will inject millions of tokens into its already massive circulating supply. The timing couldn’t be more critical, coming just as rate cuts and new institutional products are expected to fuel bullish momentum.
96.54 Million DOGE Set For Linear Unlock This Week
Dogecoin, the largest meme coin by market capitalization, is once again facing a supply test. Reports reveal that approximately 96.54 million DOGE tokens are scheduled for linear unlocks this week. According to crypto analyst Skyler, this massive DOGE unlock is valued at $26.68 million, representing roughly 0.06% of the meme coin’s circulating supply.
Skyler noted on X social media that $1 million worth of Dogecoin is expected to unlock daily, gradually increasing the token’s substantial circulating supply of 150.97 billion DOGE. Notably, over $790 million worth of tokens across various assets are lined up for unlocks over the next seven days. Assets like Worldcoin (WLD), Celestia (TIA), and Solana (SOL) are scheduled for linear unlocks. At the same time, other projects like SEI, Arbitrum (ARB), MELANIA and Optimism (OP) are listed for one-time unlocks.
Interestingly, the supply increase in Dogecoin is expected to align with anticipated Federal Reserve (FED) rate cuts. Crypto analyst Unipcs reported that September 17 is a pivotal date for the FED’s decision on monetary policy. He also mentioned additional bullish catalysts, such as discussions around potential Dogecoin ETFs slated for September 18, alongside continued demand through Dogecoin Active Traders (DATs).
The analyst revealed that these catalysts present an overwhelming positive setup for Dogecoin in the near term. However, the looming 96.54 million DOGE token unlocks add another layer of complexity to the meme coin’s market dynamics. While reduced rates may trigger inflows, the steady supply release into circulation could counterbalance bullish momentum.
Historically, Dogecoin’s massive supply has served as a key advantage in terms of liquidity and a significant challenge when sustaining long-term price breakouts. With a million dollars’ worth of DOGE set to flow into the market each day, the market could face heightened volatility and sharp price swings.
Dogecoin Cycles Signal Explosive Breakout Ahead
Crypto analyst Trader Tardigrade has drawn attention to Dogecoin’s historical price action on the 3-day chart. In past cycles, the meme coin has repeatedly demonstrated the ability to break its all-time highs through strong, rapid surges.
Related Reading: Dogecoin Price Just Broke A Regional High For The First Time This Year, Why A 300% Rally To $1 Is Possible
These rallies have often come in concentrated bursts, with gains exceeding 1,500% in just over 100 days, and 2,500% in less than 99 days during previous market expansions. Trader Tardigrade’s chart analysis suggests that such an explosive breakout has not yet occurred in this cycle.
If history repeats itself, he predicts that Dogecoin could be on the verge of its most powerful rally yet. The analyst projects a potential price range of $3.2 to $5.3 by December 2025, representing an unprecedented leap from current levels of around $0.2.
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