WhiteWhale crash exposes meme coin reality

A Solana meme coin called WhiteWhale just collapsed 60% in a single candle after one top holder dumped US$1.3 million worth of tokens.

The irony is brutal: a project branded as the “people’s whale” was wiped out by the exact whale behaviour it claims to fight.

Even after the sell-off, that wallet still holds about 1% of total supply - a sharp reminder that in meme markets, liquidity beats narrative.