Dogecoin Whales Add 130 Million DOGE as Price Stalls Near $0.07 — Death Cross Keeps Meme Coins on Edge
Dogecoin is stalling near $0.07 while its biggest holders quietly buy the dip — whales added about 130 million DOGE in two days, worth roughly $9.4 million, even as the token formed a bearish death cross. Meme coins are splitting in two directions, and DOGE sits right on the fault line.
On November 6 reporting, DOGE traded at $0.0726 on CoinMarketCap, down 4.4% over 24 hours and about 90% below its 2021 record. That is the backdrop for the whale buying: large wallets are accumulating into weakness, not chasing strength.
The two signals pointing opposite ways
The accumulation case rests on that 130 million DOGE added by large holders in two days. Whale buying of that size does not guarantee a reversal, but it shows the biggest wallets see value — or at least a tradeable bounce — at these levels after a long slide.
The technical case points the other way. Dogecoin formed its first daily death cross of 2026 on October 28, when the 50-day moving average crossed below the 200-day line on Kraken daily closes. A death cross is a lagging signal — it confirms a downtrend that already exists rather than predicting a new one — but it tends to keep cautious buyers on the sidelines.
The levels in the November 6 report frame the standoff:
- DOGE spot: about $0.0726
- A daily close above $0.0764 would put $0.082 in view — about 13% higher
- Until that close happens, price "rides on its brand", in the report's words
The rest of the meme sector is not helping
Dogecoin's stall is part of a sector-wide squeeze. PEPE recently fell 9% to below 0.0000045 as meme coin traders faced about $1.68 billion in liquidations across the sector, according to market analysis of the November move.
Sector trackers put the meme coin market at roughly $22.76 billion on November 6, with about $1.02 billion in daily volume — a fraction of what the sector commanded at its peak, and a reminder that liquidity leaves meme coins first when the wider market falls. Bitcoin itself shed about $430.2 million in U.S. spot ETF outflows on November 5, led by Fidelity at $199.9 million, so risk appetite is thin across the board.
There is also a regulatory footnote meme traders should not ignore: on November 5, Greece's parliament approved a 10% tax on crypto gains — one of Europe's lowest rates — with gains up to €500 a year untaxed and DeFi income taxed at 15%, under a first full Greek crypto rulebook starting January 1, 2027. Meme coin profits are increasingly inside normal tax systems, whether traders plan for it or not.
What to watch next
Three things will decide whether the whale buying was smart money or a falling-knife catch:
- Whether DOGE can post a daily close above $0.0764 and open the $0.082 zone
- Whether whale wallets keep adding, or the two-day 130 million DOGE build was a one-off
- Whether the death-cross trend reasserts itself, as it did after PEPE's 9% slide and the sector's $1.68 billion liquidation wave
Follow the discussion with other meme coin traders on the Zimbuck News page and in the Zimbuck Market News group, and compare this setup with our earlier Zimbuck coverage of PEPE's weekly moves and our memecoin trading guide for beginners.
Source: OpenPR / CoinGabbar reporting, Greece Sets a 10% Tax as Dogecoin Stalls (November 6–7, 2026) — and death-cross analysis via Alphid.
FAQ
What is a death cross?
It is when a short-term moving average (here the 50-day) crosses below a long-term one (the 200-day). Dogecoin's first daily death cross of 2026 printed on October 28 on Kraken closes.
How much DOGE did whales buy?
About 130 million DOGE over two days, worth roughly $9.4 million at prices near $0.0726, per the November 6 CoinGabbar report.
What level would improve DOGE's picture?
The report flags a daily close above $0.0764, which would put $0.082 — about 13% higher — in view.
How big is the meme coin sector now?
Sector trackers measured about $22.76 billion in market value on November 6, with roughly $1.02 billion of daily volume.
This article is market news and general information only, not financial advice. Join the conversation on Zimbuck — the finance social platform for traders and investors: https://zimbuck.com
