SpaceX IPO and X Money Launch Push Dogecoin Whale Activity to Unprecedented $11.6 Billion by May 2026

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. The anomalous performance of Dogecoin (DOGE) by May 2026 has finally received fundamental confirmation. According to fresh on-chain data from Santiment , the largest DOGE holders have now shifted into a phase of strategic accumulation, recording a historical high in the volume of assets held. Advertisement At the moment, a group of the 149 largest addresses, each holding more than 100 million DOGE, has accumulated 108.52 billion coins, which in monetary terms amounts to approximately $11.6 billion. In the last 24 hours alone, Santiment data recorded 739 transactions exceeding $100,000 each. Why Dogecoin's top 149 wallets are loading up DOGE now If earlier Dogecoin growth was associated with impulsive retail buying, then in May 2026 the picture looks different. A 16.5% price increase over the past 10 days and a confident hold above the psychological $0.1 level resembles the scenario of mid-2025, when after a period of consolidation the asset gained 65%, reaching a peak of $0.27. HOT Stories Ripple Vet Doubts $10K XRP Price Target XRP Nears 'Unbreakable' Support, Will Dogecoin (DOGE) Hit $0.2 in New Rally? Big Ethereum (ETH) Price Test Incoming: Crypto Market Review Dogecoin price action by May 2026 with a post from Santiment attached, Source: Santiment If one tries to assign a narrative to DOGE, it can be assumed that the market is pricing in integration into X Money and the effect of previously launched spot ETFs, which are however still far from Bitcoin-style numbers - total net assets in Dogecoin ETFs stand at $12.84 million, which is only 0.08% of DOGE market capitalization. Advertisement In addition, the market is expecting the IPO of SpaceX in June, which is anticipated to become the largest IPO in history. There is speculation that SpaceX may begin accepting DOGE as a regular payment method as they did with the DOGE-1 lunar mission. You Might Also Like Thu, 04/30/2026 - 07:45 Dogecoin (DOGE) Mega-Rally Continues: 3 Price Levels to Watch Next By Arman Shirinyan From a technical standpoint, record whale holdings indicate that large players view the current price not as an exit point, but as an attractive entry zone under conditions favorable for the coin. The fact that the majority of the supply - more than 108 billion DOGE - is concentrated in the hands of large players reduces the likelihood of panic sell-offs typical for retail-driven coins, making the "foundation" at the $0.1 level appear significantly more stable. Advertisement #Dogecoin #SpaceX #Dogecoin News