Dogecoin Price Eyes $0.15 as Whales Accumulate 525M DOGE After SpaceX IPO Filing

Dogecoin (DOGE) traded near $0.105 on May 22 after posting a slight 0.07% daily decline, but market sentiment around the meme coin remains bullish. Despite DOGE price momentum slowing after an eight-week rally that pushed the token up by 25%, whale investors continue accumulating large amounts of Dogecoin, signaling confidence in a potential breakout toward $0.15.

Crypto analyst Ali Charts reported that whales purchased more than 525 million DOGE tokens within 96 hours. These large holders now control approximately 18.93 billion DOGE, valued at nearly $2 billion at current prices. Considering Dogecoin’s circulating supply stands at around 170 billion tokens, this recent whale activity represents a significant accumulation phase.

Investor interest in Dogecoin is also growing through exchange-traded funds. Data from SoSoValue shows spot DOGE ETFs recorded inflows of $2.15 million in May 2026, marking the strongest monthly inflows since February. Total DOGE ETF assets have now climbed to $14.85 million, highlighting increasing institutional demand.

The latest buying activity comes as SpaceX prepares for its anticipated IPO filing expected in June. Elon Musk’s long-standing association with Dogecoin has fueled speculation that the SpaceX IPO could positively impact DOGE price performance. Traders believe Musk’s influence may trigger renewed momentum across meme coins, especially Dogecoin.

Technical indicators also support the possibility of a bullish breakout. Analysts identified a rounding bottom pattern on the weekly chart after DOGE rebounded from $0.08 in March to $0.118 in May. If Dogecoin breaks above the critical $0.112 resistance level, analysts predict a potential 40% rally toward $0.15.

Meanwhile, Coinglass data shows Dogecoin’s weighted funding rate climbed to 0.0088%, its highest level since late April. Rising funding rates suggest traders are increasingly opening long positions and expecting DOGE to remain above the key $0.10 support zone while targeting higher price levels in the coming weeks.