Solana Whale Dumps Millions in WhiteWhale, Token Price Plummets 20% Instantly

According to Bubblemaps, a Solana whale wallet (8Ldjm), which had previously turned $60,000 into $2.5 million, suddenly became active after 30 days of dormancy. It sold approximately $1 million worth of WhiteWhale tokens within 15 minutes, causing the token's price to instantly drop by 20%. This address was the largest buyer before the CTO's purchase and was once the second-largest holder. It still holds 2.5% of the total supply. The WhiteWhale team stated that this wallet does not belong to an insider and that they had attempted to propose an OTC agreement to mitigate selling pressure but were refused.