WhiteWhale, the community-run Solana meme, experienced a sudden massive sell-off, with its market value dropping 60% in 5 minutes.
Blockchain data shows that WhiteWhale, launched 3 months ago on Pump.fun, recorded the largest sale by token holders on Monday, at $1.3 million.
The decline happened suddenly and without warning, causing huge losses to holders of the coin. This event is widely described as a liquidity crash within the cryptocurrency community.
Early Investors Made Bigger Gains
Market analyst Darke first highlighted the massive collapse on social media. He wrote that the value of the “people’s coin” went from $200 million to $20 million in a matter of minutes.
The viral memecoin $WHITE WHALE just sturdy.
From 200M to 20M. -45% candle in the last few minutes.
Thanks for playing pic.twitter.com/FfEFVOzAo2– Dark (@Darky1k) January 19, 2026
However, blockchain data suggests that at least one investor has made larger gains. A trader named “Remus” purchased 1.5% of the total token supply for $370. The value of this transaction then peaked at $1.2 million during the bull run. Remus then sold $220,000 worth of tokens, leading to the big crash.
The trader still holds nearly $1 million worth of WhiteWhale coins, despite the token’s decline in value.
The WhiteWhale memecoin community described the event as a planned liquidity event to spread ownership and reduce risk.
As of Tuesday, the token had regained a market cap of $33.8 million at $0.033 per token at the time of writing.
Half of meme coins have already failed – research
A recent analysis by CoinGecko showed that more than 50% of cryptocurrencies have failed.
“In 2025 alone, 11.6 million tokens failed, accounting for the vast majority of token failures at 86.3%,” the report said.
Memecoins were affected by broader market turmoil throughout the year, leading to a sharp decline in the viability of the tokens.
“Alarmingly, the last quarter of 2025 alone saw 7.7 million tokens collapse, representing 34.9% of all recorded project failures.”
Additionally, nearly 1.4 million projects failed in 2024, representing 10.3% of all failures over the past five years.
The post WhiteWhale Meme Coin Falls 60% After Accusations of Pulling the Rug, Top Holders Liquidate $1.3M Worth of Tokens appeared first on Cryptonews Arabic.
