Neighborhood-driven Solana meme coin WhiteWhale skilled a sudden large sell-off, with its market cap tanking 60% inside 5 minutes.
On-chain information reveals that WhiteWhale, which was launched 3 months in the past on Pump.enjoyable, witnessed the most important 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 broadly described as a rug pull among the many crypto group.
Early Buyers Secured Bigger Positive aspects
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.
The viral memecoin $WHITEWHALE simply rugged.
From 200M to 20M. -45% candle in the previous couple of minutes.
Thanks for enjoying pic.twitter.com/FfEFVOzAo2— Darky (@Darky1k) January 19, 2026
Nevertheless, per blockchain information, no less than one investor secured bigger beneficial properties. A dealer named ‘Remus’ purchased 1.5% of the entire token provide for $370. The place later peaked at a worth of $1.2 million throughout the rally. Remus later bought $220,000 value of tokens, resulting in the most important crash.
The dealer nonetheless holds near $1 million in WhiteWhale, regardless that the worth of the token has dropped.
WhiteWhale memecoin group known 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 latest CoinGecko evaluation reveals 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 mission failures.”
In addition to, 2024 noticed almost 1.4 million tasks fail, accounting for 10.3% of all failures up to now 5 years.
The put up Meme Coin WhiteWhale Plummet 60% After Rug Pull Accusations, Massive Holders Dump $1.3M in Tokens appeared first on Cryptonews.