WhiteWhale bulls face 60% wipeout after $1.3m Solana meme coin dump

💡 DMK Insight

WhiteWhale’s 60% drop is a stark reminder of the volatility in meme coins. With Solana currently at $129.06, this selloff highlights the risks of whale activity, especially in a market where sentiment can shift rapidly. The $1.3 million selloff indicates that larger holders are losing confidence, which could trigger further declines if retail traders follow suit. CoinGecko’s mention of 2025 as a potential record year for token failures adds an ominous backdrop, suggesting that traders should be cautious about holding onto speculative assets. Look for key support levels around $100 for Solana, as a breach could lead to broader market implications. If more whales exit, it could create a cascading effect, impacting not just WhiteWhale but other Solana-based tokens as well. Keep an eye on trading volumes and sentiment indicators; a spike in selling pressure could signal more trouble ahead.