Solana Memecoin WhiteWhale Plunges 60% After $1.3 Million Token Selloff
The Solana-based memecoin WhiteWhale has experienced a significant price drop of 60% following a large-scale token selloff worth $1.3 million. According to on-chain data, the token’s market capitalization was wiped out within minutes, resulting in substantial losses for its holders. The incident has sparked discussions about the volatility of memecoins and the risks associated with investing in them.
On-Chain Data Reveals Whale Exit
An analysis of on-chain data reveals that a trader, identified as Remus, purchased 1.5% of the total WhiteWhale token supply at a low price. As the token’s value increased during a subsequent rally, Remus sold a portion of the holdings, contributing to the price decline. Despite the drop in valuation, Remus still holds a significant amount of WhiteWhale tokens. The WhiteWhale community has described the event as a planned “liquidity distribution” aimed at expanding token ownership and mitigating concentration risks.
Market analyst Darky drew attention to the price drop on social media, highlighting the rapid decline of the viral memecoin. The incident has raised concerns about the potential for rug pulls and the importance of conducting thorough research before investing in cryptocurrencies.
CoinGecko Reports Record Token Failures in 2025
A recent analysis by CoinGecko found that more than 50% of cryptocurrencies have failed, with 11.6 million tokens dying in 2025 alone. The report states that memecoins have been under significant pressure from overall market volatility throughout the year, resulting in lower token survival rates. The fourth quarter of 2025 has seen a historic number of token failures, accounting for a significant portion of all documented project failures.
According to the CoinGecko report, nearly 1.4 million projects failed in 2024, accounting for a significant proportion of all failures in the last five years. The data highlights the risks associated with investing in cryptocurrencies and the importance of diversifying one’s portfolio.
For more information on the WhiteWhale token selloff and the state of the cryptocurrency market, visit https://crypto.news/whitewhale-bulls-face-60-wipeout-after-1-3m-solana-meme-coin-dump/
