House of Doge Hype Meets $130 Million Coin Dump — What Happens to the Price Next?
Doge's royal treatment faces a $130 million reality check as whales make their move.
The Great Unloading
Just as retail investors piled into the meme coin frenzy, institutional players dumped nine figures worth of Doge onto the market. That massive sell-off creates immediate downward pressure—simple supply and demand economics, though somehow Wall Street still charges millions to explain it.
Technical Breakdown
Key support levels shattered as the $130 million exit triggered automated sell orders across exchanges. The domino effect pushed prices below critical moving averages, turning short-term bullish sentiment into panic selling within hours.
What's Next for Doge?
Either this becomes a classic 'buy the dip' opportunity for true believers, or the beginning of a prolonged correction. History shows meme coins can rebound dramatically—or collapse completely when the hype cycle ends. The House of Doge now faces its ultimate test of whether community enthusiasm can outweigh cold, hard selling pressure.
Whales and Long-Term Holders Exit Through and After the Rebound
Following the House of Doge buzz, on-chain data shows that major wallets and long-term investors both reduced their positions substantially.
Whale wallets — those holding between 100 million and 1 billion DOGE — lowered their balances from 28.83 billion DOGE on October 13 (day of merger announcement) to 28.47 billion DOGE two days later. That’s roughly 360 million DOGE sold, worth about $74 million at the current Dogecoin price.
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Meanwhile, the Holder Net Position Change, an indicator that tracks whether long-term investors are buying or selling, remained negative and worsened. Between October 9 and October 14, net selling grew from –48 million DOGE to –329 million DOGE, a clear sign that even committed holders moved out. While the crash sentiment had a role to play, things didn’t get much better even when the Black Friday jitters eased out.
In total, nearly 640 million DOGE, valued at around $130 million, exited whale and holder wallets during and after the 45% bounce. The pattern suggests that many took advantage of the temporary strength to cut exposure or lock in smaller losses.
Dogecoin Price Faces Key Test Near $0.20
On the 4-hour chart (used to locate early trend shifts). The Dogecoin price continues to trade inside a descending triangle — a pattern that usually signals potential weakness if buyers fail to defend key levels. The upper resistance zone lies near $0.206, and a daily close above it would indicate short-term strength.
However, all’s not bullish with the chart. The Relative Strength Index (RSI) — which measures momentum and identifies overbought or oversold conditions — shows a hidden bearish divergence. Prices have made lower highs while RSI has made higher highs, suggesting fading buying power. This kind of divergence hints at a correction in the shorter time frame.
However, $0.194 remains a critical support line and a key base for the bearish triangle. A decisive break below this level could open the way to deeper corrections. That would open levels of $0.181 and even $0.149 for the dogecoin price (acting as other lower bases for the descending triangle).
