Dogecoin Eyes $0.10 as ETF Inflows Rise Ahead of SpaceX IPO Crypto News

on June 8, 2026

What to Know

  • Dogecoin ETF inflows climbed 29.17% as institutional investors accumulated steadily.
  • Dogecoin futures open interest plunged from $6 billion to $1.04 billion.
  • SpaceX IPO expectations and tighter volatility placed DOGE in focus.
Dogecoin is attracting renewed institutional interest as capital continues flowing into U.S. spot ETFs ahead of SpaceX’s highly anticipated IPO on June 12. At the same time, a major reduction in leveraged positions and an unusually tight trading range have strengthened expectations that DOGE could attempt a move toward the $0.10 level. Data from SoSoValue shows cumulative net inflows into U.S. spot Dogecoin ETFs increased from $9.63 million on May 1 to $12.44 million on June 8. The rise represents a 29.17% increase in little more than a month, indicating that larger investors have continued accumulating despite recent market weakness.

 

Meanwhile, Dogecoin recorded one of its narrowest weekly trading ranges since late 2023. Traders often view such volatility compression as a precursor to a significant price move, especially when accompanied by rising institutional demand. DOGE experienced notable selling pressure during the first week of June. The meme coin declined 14% between June 1 and June 7, closing the week at $0.0862. During the downturn, the asset briefly fell to $0.07, marking its lowest level since February 2024.

 

According to market data, Dogecoin’s weekly Bollinger Bands have narrowed to a two-year extreme. The distance between the upper and lower bands currently stands at just 35%, while the upper band near $0.111 remains the key resistance area.

 

Source: Tradingview
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ETF Accumulation Builds as Leverage Leaves the Market

While institutional investors increased exposure, speculative traders moved in the opposite direction. Open interest in Dogecoin futures dropped to $1.04 billion by June 8, down significantly from the $6.01 billion peak recorded in October 2025. The decline reflects a broad reduction in leveraged positions across the market.

 

Consequently, the risk of large liquidation events has decreased. Many traders consider this development constructive because excessive leverage often amplifies volatility during periods of uncertainty. Moreover, a lower open interest environment allows spot demand to play a greater role in price discovery. Combined with growing ETF inflows, this shift has encouraged speculation that Dogecoin could regain momentum if buying activity continues.

 

SpaceX IPO Adds Another Catalyst for DOGE

Investor attention has also turned to SpaceX‘s upcoming public debut. Some analysts believe the IPO could temporarily draw capital away from digital assets because SpaceX shares may offer regulated exposure to a company holding 18,712 Bitcoin. However, many Dogecoin supporters continue linking the token to Elon Musk’s broader business ecosystem. Interest remains elevated following Musk’s previous comments about Dogecoin’s potential role in funding future Moon-related missions.

 

Dogecoin remains below the $0.10 level, yet rising ETF inflows, declining leverage and tightening price action are creating conditions that traders often associate with a breakout. With SpaceX’s IPO approaching, market participants are monitoring whether institutional accumulation can help drive DOGE toward a key psychological resistance level.

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