Large investors accumulated 525 million Dogecoin — worth nearly $2 billion — over a four-day stretch that coincided with SpaceX filing for a blockbuster Nasdaq listing. The moves pushed DOGE to $0.105, up 2% in the past day and 8% over the past month, as traders watch for a breakout above key resistance.
SpaceX IPO filing reveals $1.4 billion Bitcoin stash
SpaceX submitted its S-1 registration statement on Monday, targeting a June 12 debut on the Nasdaq under the ticker SPCX. The filing valued the rocket builder at $1.75 trillion and disclosed it holds 18,712 Bitcoin, worth more than $1.4 billion at current prices. The disclosure adds a crypto dimension to what is already expected to be one of the largest public listings in history.
Dogecoin price levels to watch
DOGE is now testing a resistance zone between $0.11 and $0.12, according to market analysts. A clean break above that range could open the door to $0.15. On the downside, support sits at $0.095 — a level that held during the most recent pullback. The whale accumulation of 525 million DOGE, valued at $1.99 billion, suggests institutional or high-net-worth buyers are betting on a move higher.
Maxi Doge presale pulls in $4.7 million
Separately, a new token called Maxi Doge ($MAXI) has raised $4.7 million in its presale phase. Tokens are priced at $0.0002819, and the project offers a 65% annualized staking reward. While not directly related to the Dogecoin accumulation or SpaceX filing, the presale highlights continued retail appetite for dog-themed meme coins.
Whether the whale activity and SpaceX’s crypto holdings will push DOGE through the $0.11–$0.12 resistance remains the immediate question. The IPO roadshow begins next week.
