WhiteWhale Solana Memecoin Crashes 60% After $1.3M Whale Selloff

TheNewsCryptoPublished on 2026-01-20Last updated on 2026-01-20

Abstract

The Solana memecoin WhiteWhale experienced a 60% price crash following a $1.3 million selloff by large holders, with on-chain data pointing to a trader named Remus as a key seller. The token, initially launched on Pump.fun, faced accusations of a rug pull. Despite a partial recovery by January 20, the incident resulted in significant losses for investors. A CoinGecko report cited in the article notes that over 50% of cryptocurrencies fail, with 2025 being a record year for token failures, highlighting the high risk and volatility in the memecoin market.

The price of WhiteWhale, a Solana memecoin, fell 60% after a $1.3 million token selloff, as on-chain data traces whale withdrawals and CoinGecko identifies 2025 as a record year for token failures.

The community-driven Solana memecoin witnessed a 60% fall in its price after accusations of a rug pull and a $1.3 million token sale by a number of big holders, as per on-chain data. Not long ago, the token was rolled out on the Pump.fun platform and faced prominent selling activity on January 19 that resulted in its market capitalisation falling within minutes, as per the blockchain data.

This event led to substantial losses for token holders. A prominent market analyst, Darky marked the price crash on social media, highlighting the quick decline of the prominent memecoin.

The blockchain data shows that a trader recognised as Remus bought 1.5% of the overall token supply at a low price point. The position increased in value at the time of the subsequent rally before Remus sold a portion of the holdings, putting up the price decline.

Remus carries on to hold a significant amount of WhiteWhale tokens instead of the decreased valuation, as per the on-chain records. The members of the WhiteWhale community named the event as a planned liquidity distribution made to widen token ownership and mitigate concentration risks.

The Failures of Cryptocurrencies

The token revealed partial recovery by January 20, as per the market data. CoinGecko analysis mentioned that over 50% of cryptocurrencies haven’t worked out. The report also mentions that millions of tokens failed only in 2025, indicating a majority of token failures.

Memecoins faced prominent pressure from wider market volatility over the year, leading to decreased token survivability rates. The last quarter of the last year listed the failure of millions of tokens, taking a significant portion of all documented project failures, as per the CoinGecko report.

In the year 2024, around 1.4 million project failures were noted, which also accounted for a notable share of all failures in the last five years, as per the report.

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Related Questions

QWhat caused the 60% price crash of the WhiteWhale memecoin on Solana?

AThe price crashed after accusations of a rug pull and a $1.3 million token selloff by a number of large holders (whales).

QWhich platform was the WhiteWhale token initially rolled out on?

AThe token was initially rolled out on the Pump.fun platform.

QWho was the trader identified by on-chain data that bought 1.5% of the total token supply and later sold a portion, contributing to the price decline?

AThe trader was identified as Remus.

QAccording to the CoinGecko analysis mentioned, what percentage of cryptocurrencies have failed?

ACoinGecko analysis mentioned that over 50% of cryptocurrencies have failed.

QWhat reason did the WhiteWhale community give for the large sell-off event?

AThe community named the event as a planned liquidity distribution made to widen token ownership and mitigate concentration risks.

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