Meme Coin WhiteWhale Plummet 60% After Rug Pull Accusations, Massive Holders Dump $1.3M in Tokens

Neighborhood-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 biggest holder dump of $1.3 million in tokens on Monday.

The decline occurred and not using a warning, inflicting heavy losses for holders. The occasion is extensively described as a rug pull among the many crypto group.

Early Traders Secured Bigger Features

Market analyst Darky initially flagged the large crash on social media. He wrote that the “viral memecoin” plummeted from $200 million to $20 million inside minutes.

Nevertheless, per blockchain knowledge, a minimum of one investor secured bigger beneficial properties. A dealer named ‘Remus’ purchased 1.5% of the overall 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 most important crash.

The dealer nonetheless holds near $1 million in WhiteWhale, although the worth of the token has dropped.

WhiteWhale memecoin group referred to as it a deliberate liquidity occasion 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 Cash Have Already Failed – Analysis

A current CoinGecko evaluation 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 challenge failures.”

Moreover, 2024 noticed practically 1.4 million initiatives fail, accounting for 10.3% of all failures prior to now 5 years.

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