The much-hyped House of Doge announcement — a planned merger that could list Dogecoin’s corporate arm on NASDAQ in early 2026 — briefly reignited optimism across the DOGE community. The hype around it helped the Dogecoin price rebound almost 45% by October 13, recovering sharply from its “Black Friday” crash lows.

However, this recovery also became an exit window. Key holder groups offloaded portions of their holdings, signaling that optimism may have come more from hype than conviction. Over the past 24 hours, the price has mostly traded flat, prompting traders to zoom in on the 4-hour chart for early signs of Dogecoin’s next move.

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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.

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Author: Ananda Banerjee