Solana-Based Meme Coin WhiteWhale Crashes 60% in Minutes, Triggers Rug Pull Fears

Solana-based meme coin WhiteWhale suffered a dramatic collapse, losing 60% of its market value within 5 minutes, due to the largest holder selling $1.3 million worth of tokens. The token's market capitalization plummeted from $200 million to $80 million, with some community members labeling the incident a potential rug pull. Despite widespread losses, at least one investor profited significantly from the rally, selling $220,000 worth of tokens during the crash. The token has partially recovered, trading at $0.03120 with a market capitalization of $31.2 million.