'White Whale' memecoin slides 60% after top holder dumps $1.3 million

The popular memecoin known as 'White Whale' saw a dramatic decrease in its value, plummeting by an alarming 60% following the decision of its largest holder to sell off a substantial amount of their investment, amounting to $1.3 million. This sharp decline in price triggered panic among investors and raised concerns about the stability of the cryptocurrency market, particularly for assets that are heavily influenced by the actions of a few prominent holders. source: https://www.coindesk.com/markets/2026/01/20/white-whale-memecoin-slides-60-after-top-holder-dumps-usd1-3-million