White Whale (WHALE) Memecoin Crashes 60% Following Major $1.3 Million Holder Sell-Off

The cryptocurrency known as White Whale (WHALE) has experienced a dramatic price drop of approximately 60%. This sharp decline occurred directly after a significant sell-off by its largest token holder, who dumped coins worth an estimated $1.3 million on the market. The event highlights the extreme volatility and risk associated with memecoins, especially those with concentrated ownership. Such large-scale dumps from a top wallet can trigger panic selling and severe liquidity crises for these speculative digital assets. Investors are advised to exercise caution due to the high susceptibility of tokens like WHALE to market manipulation and sudden wealth redistribution from major holders, often called "whales."