Dogecoin (DOGE) experienced a significant price surge of approximately 11% over a 24-hour period, reaching nearly $0.11 per coin on Saturday, February 15, 2026. This made it the biggest gainer among large-cap cryptocurrencies. The rally coincided with a major announcement from the social media platform X (formerly Twitter).
The platform's head of product revealed that users will soon be able to trade stocks and cryptocurrencies directly from their timeline. This news is seen as a primary driver for Dogecoin's price increase, given the long-standing promotion of the memecoin by X owner Elon Musk, who has repeatedly called it his favorite cryptocurrency.
Concurrently, Dogecoin's futures market activity exploded. Data from CoinGlass shows open interest skyrocketed by over 12% in the past day. As of February 14, approximately 10.65 billion DOGE tokens, worth about $1.07 billion, were committed to its futures market. This surge in open interest appears fueled by the bullish price move and a rapid shift in broader crypto market sentiment, recovering from weeks of volatility that had erased Dogecoin's 2026 gains.
Despite the positive price action, Dogecoin exchange-traded funds (ETFs) have remained muted, recording zero inflows. This indicates institutional investors have yet to regain significant interest in the asset, raising concerns among market watchers about the sustainability of the price resurgence without their participation.
The broader market showed less dramatic movement. Bitcoin briefly rose to $70,434 before dropping to $69,798, remaining flat for the week amid $360 million in net outflows from US Bitcoin ETFs managed by firms like BlackRock, Fidelity, and Grayscale. Ethereum followed a similar pattern, briefly touching $2,100 before falling to $2,080, with $161 million in weekly outflows from its US ETFs.
Analyst predictions for Bitcoin point lower, with Standard Chartered forecasting a potential drop to $50,000 and CryptoQuant suggesting $55,000 as a realistic bottom following recent market liquidations. Dogecoin, while surging, remains 87% below its all-time high from May 2021.
