Will Dogecoin Price Rally to $0.15 as Whales Buy 525M DOGE After SpaceX IPO Filing?

Dogecoin (DOGE) is down slightly by 0.07% in 24 hours to trade at $0.105 today, May 22. Dogecoin saw a 25% increase in price in the eight weeks leading to May 11, but even though the rise paused after it reached $0.118, whales have bought 525 million DOGE tokens. They have bought in the midst of SpaceX filing for an IPO that will make the self-proclaimed “Dogefather’ Elon Musk, the first trillionaire in the world.

Whale Buying Continues Despite DOGE Rally Stalling

Analyst Ali Charts observed that large holders bought half a billion Dogecoin in just 96 hours, and they now hold 18.93 billion tokens.

Dogecoin has a supply of 170 billion tokens, and this means whales bought 0.34% of this supply in four days. The 18.93 billion tokens in their wallets are worth $1.99 billion at Dogecoin’s price of $0.105 at the time of writing.

SoSoValue shows that spot DOGE ETFs have seen inflows of $2.15 million in May 2026 alone, and this is the highest it has been since February 2026. The net assets have reached $14.85 million.

The rise in ETF inflows in May and the 585 million DOGE bought by whales show that Dogecoin price is getting interest, and this might be because of the SpaceX IPO filing. The IPO will launch in June, and because of Musk’s influence over Dogecoin, the price might react with a gain.

Weekly Rounded Pattern Confirms Dogecoin Price Rally to $0.15

A previous CoinGape Dogecoin price analysis noted that Hyperliquid has launched SpaceX Pre-IPO trading, making a gain of $0.15 possible. The weekly chart confirms DOGE might get to $0.15.

A rounding bottom has appeared after Dogecoin price went from $0.11 on February 2 to $0.08 on March 2 before gaining again to $0.118 on May 11. But after the price reached $0.112, it paused, and bears pulled the price down.

A long-term Dogecoin price forecast suggests it has to go above the $0.112 price that is now resistance, and that will cause a 40% gain to $0.15.

The RSI reading of 42 weakens this move to $0.15 because it shows there is a bearish momentum. Buyers need to step back in and push Dogecoin above $0.112 for it to get to $0.15.

But the AO bars that are green and shrinking on the negative side show bears are losing their grip, and bulls might regain control and push Dogecoin price to $0.15.

Weighted Funding Rate Shows Bullish Positioning

The weighted funding rate for Dogecoin on Coinglass reached 0.0088% on May 21, and this is the highest it has been since April 28.

This funding rate at 0.0088% shows more traders are betting that Dogecoin price will not go below $0.10, but it will rise, possibly to $0.15, like the rounding bottom shows.

This funding rate might reach 0.0401% like it did on July 21, 2025 if the SpaceX IPO that is happening in June causes more long buyers to open positions expecting that Dogecoin price will rise.