WhiteWhale, which was launched 3 months ago on Pump.fun, witnessed the largest holder dump of $1.3 million in tokens on Monday.
Community-driven Solana meme coin WhiteWhale experienced a sudden massive sell-off, with its market cap tanking 60% within 5 minutes.
On-chain data shows that WhiteWhale, which was launched 3 months ago on Pump.fun, witnessed the largest holder dump of $1.3 million in tokens on Monday.
The decline happened without a warning, causing heavy losses for holders. The event is widely described as a rug pull among the crypto community.
Early Investors Secured Larger Gains
Market analyst Darky initially flagged the massive crash on social media. He wrote that the “viral memecoin” plummeted from $200 million to $20 million within minutes.
