Dogecoin is one of several significant tokens that will have scheduled unlock events over the next week, which could influence short-term price movement. From May 12 to May 19, nearly 96.52 million DOGE, or roughly $22.75 million, will be linearly unlocked, per Tokenomics data shared by WuBlockchain. Despite making up only 0.06% of the total supply in circulation, the event coincides with increased volatility and pressure to unlock the cryptocurrency market as a whole.

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