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Dogecoin Surges 20% as X Plans Crypto Trading

Dogecoin Surges 20% as X Plans Crypto Trading

by Tekmono Editorial Team
16/02/2026
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Dogecoin surged nearly 20% on Saturday, outpacing major cryptocurrencies like Bitcoin, Ethereum, and Solana, with its price jumping from around $0.097 to approximately $0.111 over a 24-hour period ending February 15.

According to YCharts data, the significant price increase was accompanied by a rise in trading volume, which climbed to roughly $1.76 billion. Additionally, retail sentiment shifted from neutral to “extremely bullish,” with Dogecoin claiming the top trending spot on Stocktwits.

Corporate treasury holdings of Dogecoin continue to grow, with data from blockchain analytics firm Glassnode showing corporate balances rose to approximately 780.5 million DOGE as of Friday, February 14. The holdings are concentrated among Digital Asset Treasuries, with CleanCore Solutions holding approximately 710 million DOGE and Bit Origin maintaining around 70.5 million DOGE.

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CleanCore, an Omaha-based company partnered with House of Doge—the corporate arm of the Dogecoin Foundation—launched its treasury initiative in September 2025 with a $175 million private placement. The company aims to accumulate up to 1 billion DOGE and secure up to 5% of Dogecoin’s circulating supply. Both firms accumulated their positions during the early 2026 price decline rather than chasing upside momentum. Bit Origin CEO Jinghai Jiang described the strategy as “reimagining how capital formation can align with our digital asset strategy.”

The rally coincided with X’s announcement that cryptocurrency and stock trading will soon be available directly on the platform. Nikita Bier, X’s head of product, wrote on February 14 that the company would launch “Smart Cashtags that will enable you to trade stocks and crypto directly from timeline” within weeks. The feature, first previewed in January 2026, will allow users to tap on tagged crypto assets to view real-time prices and access buy and sell functionality.

X has secured money-transmission licenses in more than 40 U.S. states. The company is separately testing a digital wallet called X Money, which CEO Elon Musk described during a February 11 xAI presentation as the planned “central source of all monetary transactions.” Musk’s longtime association with Dogecoin—he has called it his favorite cryptocurrency—has historically influenced the token’s price. Market observers noted the combination of X’s trading announcement and continued corporate accumulation created an unusually strong catalyst for the memecoin.

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