Odaily Planet News: According to Bubblemaps, a Solana whale wallet (8Ldjm), which had previously increased $60,000 to $2.5 million, suddenly woke up after 30 days of inactivity. Within 15 minutes, it dumped approximately $1 million worth of WhiteWhale tokens, causing the price to drop by 20% instantly. This address was the largest buyer before the CTO's purchase and was once the second-largest holder, currently still holding 2.5% of the total supply. The WhiteWhale team stated that this wallet is not an insider and had attempted to propose an OTC agreement to ease the selling pressure, but it was rejected.
Solana Whale Sells $1M WhiteWhale, Token Price Drops 20%
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Summary
A Solana whale wallet (8Ldjm) dumped $1 million worth of WhiteWhale tokens within 15 minutes, causing the altcoin's price to drop by 20%. The wallet, once the second-largest holder, still owns 2.5% of the total supply. The team stated that the whale is not an insider and had attempted to arrange an OTC deal to manage the whale's activity, but the proposal was rejected.
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