Bitaigen Research If cryptocurrency investors missed the Spring Festival Gala, they might be puzzled by DOGEKING token, which surged several hundred times within just two hours. Below is a detailed overview of the token’s total issuance and related information.
We examine DOGEKING’s supply structure from three angles—issuance mechanism, circulating lock‑up, and community governance—and analyze the short‑term market drivers behind its recent price action. Understanding these key details will allow you to assess the token’s potential more objectively. Continue reading the full analysis.
What is the total supply of DOGEKING?
The total issuance of the DOGEKING token is 10,000,000 × 10⁸ units, roughly equivalent to 1 trillion tokens. This figure was fixed in November 2021, and the network’s maximum circulating supply is capped at this amount.
- Issuance date: November 2021
- Issuance platform: Binance Smart Chain (BSC) – U.S. users should trade on Binance.US, the region‑specific platform.
- Liquidity lock‑up period: One year (liquidity was locked on a SEPA/SWIFT‑compatible bridge)
- Project nature: Fully decentralized, community‑driven
During the 2022 Spring Festival Gala sketch “Are You Paying Back?” (《还不还》), comedian Shen Teng likened himself to a “dog king” in the metaverse, instantly igniting audience enthusiasm for the similarly named virtual asset DOGEKING. The token experienced a short‑term explosion, with intraday gains exceeding 1,000 %. On the night of January 31, it produced a massive bullish candle on several exchanges, generating approximately $2.45 million USD in 24‑hour trading volume (about ¥15.58 million RMB) and ranking within the top ten gainers.
Is DOGEKING worth investing in?
Publicly available information indicates that DOGEKING is a derivative of Dogecoin. The project team has not disclosed any team identities or a formal whitepaper, and the liquidity remains locked for one year. Industry observers have highlighted several concerns:
- The meteoric rise is primarily driven by fan‑economy hype and marketing hype, with limited real‑world utility.
- Token distribution is highly concentrated, raising the risk of market manipulation.
- The possibility of large‑holder (whale) sell‑offs cannot be ignored, implying significant price volatility in later stages.
Before deciding whether to hold the token, investors should prepare by:
- Risk assessment: Clearly define your personal risk tolerance.
- Capital management: Avoid blind herd behavior and allocate assets prudently.
- Information verification: Follow official project channels and critically evaluate the authenticity of any claims.
Conclusion
The above provides a comprehensive answer to “What is the total supply of DOGEKING? – An introduction to DOGEKING’s issuance.” For the latest updates on DOGEKING, please follow Bitaigen (比特根) and its related sections.
*Disclaimer: Cryptocurrency transactions may be subject to taxes in your jurisdiction. Please consult a tax professional to understand your local obligations.*
Related Reading
- How to Choose Coins for Trading: Tips for Investors
- Top Layer 2 Tokens: Polygon, Elrond, NEAR & Other Leading L2 Cryptos
- STN (Steneum Coin) Basics, Tech Attributes & Listings
💡 Register on Binance with referral code B2345 for the maximum trading fee discount. See Binance complete guide.
