Meme Coin WhiteWhale Plummet 60% After Rug Pull Accusations, Large Holders Dump $1.3M in Tokens
Community-driven Solana meme coin WhiteWhale skilled a sudden large sell-off, with its market cap tanking 60% inside 5 minutes.
On-chain knowledge exhibits that WhiteWhale, which was launched 3 months in the past on Pump.enjoyable, witnessed the largest holder dump of $1.3 million in tokens on Monday.
The decline occurred with out a warning, inflicting heavy losses for holders. The occasion is extensively described as a rug pull among the many crypto group.
Early Investors Secured Larger Gains
Market analyst Darky initially flagged the huge crash on social media. He wrote that the “viral memecoin” plummeted from $200 million to $20 million inside minutes.
However, per blockchain data, not less than one investor secured bigger good points. A dealer named ‘Remus’ purchased 1.5% of the full token provide for $370. The place later peaked at a price of $1.2 million through the rally. Remus later offered $220,000 price of tokens, resulting in the main crash.
The dealer nonetheless holds near $1 million in WhiteWhale, regardless that the worth of the token has dropped.
WhiteWhale memecoin group referred to as it a deliberate liquidity event to unfold possession and cut back dangers.
By Tuesday, the token has recovered to a $33.8 million market cap at $0.033 per token at press time.
Half of Meme Coins Have Already Failed – Research
A recent CoinGecko analysis exhibits that greater than 50% of cryptocurrencies have failed.
“In 2025 alone, 11.6 million tokens failed, representing a big majority of token failures, or 86.3%,” the report learn.
Memecoins took the blow of broader market turbulence all year long, resulting in a pointy decline in token survivability.
“Alarmingly, the fourth quarter of 2025 alone noticed the collapse of seven.7 million tokens, making up 34.9% of all recorded mission failures.”
Besides, 2024 noticed almost 1.4 million tasks fail, accounting for 10.3% of all failures in the previous 5 years.
The publish Meme Coin WhiteWhale Plummet 60% After Rug Pull Accusations, Large Holders Dump $1.3M in Tokens appeared first on Cryptonews.
