Solana Meme Coin WhiteWhale undergoes concentrated sell-off, plummeting 60% in 5 minutes

2026-01-20 04:28:12

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【Crypto Rhythm】The Meme coin WhiteWhale on the Solana chain experienced a black swan event early this morning. According to on-chain data monitoring, this coin was suddenly heavily sold off around midnight today, causing its market cap to plummet from approximately $50 million to nearly $20 million within just 5 minutes, a drop of up to 60%. Although there was some rebound afterward, the market cap remains around $37 million, with the current price at about $0.038, and a 24-hour decline of 36%.

Delving into on-chain data, you’ll find that this sharp decline was not caused by retail panic selling, but by coordinated actions of a few large holders. Starting at 00:27, three wallet addresses—6kas…, 5tf1…, and 5AAn…—sold a total of over 48.36 million WhiteWhale tokens in a very short period, worth approximately $1.6 million. It was this series of large sell orders that exerted such intense pressure on the price in a brief time.

It is worth noting that there are currently many Meme coins with the same name circulating in the market, so investors should be careful not to get confused. The most liquid WhiteWhale token contract address is: a3W4qutoEJA4232T2gwZUfgYJTetr96pU4SJMwppump

Meme coins are just like this—highly volatile, driven by hype, and lacking real use cases. Participants should stay alert, as risks and rewards can reverse in an instant.

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defi_detective

· 3h ago

It's the same old story of whales cutting the leeks. WhiteWhale has really been smashed through this time. When big players make a move, you immediately know if they have the strength. Dropping $1.6 million and halving the price in five minutes—retail investors probably can't escape anymore. That's how meme coins are. Today's hot topic becomes worthless paper tomorrow. Still, caution is necessary. WhiteWhale is a good name, but unfortunately, it couldn't escape the fate of being hunted. Looking at on-chain data, it's clear that just three wallet addresses caused the crash—this is the true power comparison. Whether this rebound can hold depends on whether there's a buyer to absorb the sell-off, but I think it's uncertain. Another meme coin story comes to an end. Who will be the next victim? Waking up this morning, I see someone has been completely wiped out again. How long will these dramas in the Solana ecosystem continue? Big players are really skilled—cut the market cap in half in an instant. How are those chasing the high still alive?

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LiquidationWatcher

· 4h ago

Once again, it's the big players dumping the market. These whales really treat retail investors as cash cows to be harvested. The name WhiteWhale was chosen, but it ended up being the slaughtered whale. A 60% drop in 5 minutes? Solana's on-chain weekly shows this all the time, we're used to it. Three wallet addresses acting together—this is obviously coordinated, retail investors are always the last to take the hit. Prices go up and down, by the time the rebound happens, the big players have already run, leaving retail investors with heavy losses. This is the fate of meme coins: they surge once and then die. The big players drained $1.6 million in liquidity, and the next moment they can just claim they were hacked and wash their hands of it. This happens every day in the Solana ecosystem. Why do some people still dare to go all-in?

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4am_degen

· 9h ago

It's the same old story of whales dumping, Meme coins just keep going --- 60% drop in 5 minutes... Damn, I lost even more than that --- The white whale is dead, and so is my money --- Looking on the chain, just four big whales can decide the fate of the entire coin, what's the point of playing anymore --- Wake up everyone, this is the destiny of Meme coins --- Retail investors suffer heavy losses, big whales cash out, it's the old routine, really --- $1.6 million in 5 minutes, some people are really ruthless

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MoonlightGamer

· 9h ago

It's another big whale dumping, retail investors are just the bagholders. --- A 60% drop... this is what a true meme coin should look like. --- Three wallets fleeing together, I told you there's no real community consensus. --- A midnight sneak attack, a classic move in the crypto world. --- I should have never touched these small coins; the way they cut the leeks is just perfect. --- From a market cap of 50 million to 20 million in just 5 minutes? Wow, that's so exciting. --- It rebounded again? That means people are still buying in. Truly daring. --- Once the big whales flee, the entire market dies. What community fundamentals? --- Who the hell still dares to buy at $0.038? Dream on.

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ForkTongue

· 10h ago

Oh my god, it's another scenario where big whales dump the market, and retail investors are just here to take the fall. This is the fate of meme coins—no fundamentals, all hype. A 60% crash in five minutes? I was still sleeping, damn it. I've always said not to touch tokens on Solana; this chain is just a casino. Those three wallet addresses are really incredible, totaling $1.6 million, clearly a planned harvest. White Whale? More like White Death. Retail investors will never outrun the speed of big whales; by the time they wake up, they've already been liquidated. That's why I only trade mainstream coins; meme coins are just for making money.

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