Meme Coin WhiteWhale Plummet 60% After Rug Pull Accusations, Large Holders Dump $1.3M in Tokens

Meme Coin WhiteWhale Plummet 60% After Rug Pull Accusatio... WhiteWhale memecoin declined over 60% within minutes after a trader bought 1.5% of the total token supply for $370. The post Meme Coin WhiteWhale Plummet 60% After Rug Pull Accusations, Large Holders Dump $1.3M in Tokens appeared first on Cryptonews. Community-driven Solana meme coin WhiteWhale experienced a sudden massive sell-off, with its market cap tanking 60% within 5 minutes.On-chain data shows that WhiteWhale, which was launched 3 months ago on Pump.fun, witnessed the largest holder dump of $1.3 million in tokens on Monday.The decline happened without a warning, causing heavy losses for holders. The event is widely described as a rug pull among the crypto community.Early Investors Secured Larger GainsMarket analyst Darky initially flagged the massive crash on social media. He wrote that the âEUR?"viral memecoinâEUR plummeted from $200 million to $20 million within minutes. The viral memecoin $WHITEWHALE just rugged.From 200M to 20M. -45% candle in the last few minutes.Thanks for playing pic.twitter.com/FfEFVOzAo2- Darky (@Darky1k) January 19, 2026 However, per blockchain data, at least one investor secured larger gains. A trader named âEUR˜RemusâEUR(TM) bought 1.5% of the total token supply for $370. The position later peaked at a value of $1.2 million during the rally. Remus later sold $220,000 worth of tokens, leading to the major crash.Source: ArkhamThe trader still holds close to $1 million in WhiteWhale, even though the value of the token has dropped.WhiteWhale memecoin community called it a planned liquidity event to spread ownership and reduce risks.By Tuesday, the token has recovered to a $33.8 million market cap at $0.033 per token at press time.Half of Meme Coins Have Already Failed âEUR" ResearchA recent CoinGecko analysis shows that more than 50% of cryptocurrencies have failed.âEUR?"In 2025 alone, 11.6 million tokens failed, representing a large majority of token failures, or 86.3%,âEUR the report read.Memecoins took the blow of broader market turbulence throughout the year, leading to a sharp decline in token survivability.âEUR?"Alarmingly, the fourth quarter of 2025 alone saw the collapse of 7.7 million tokens, making up 34.9% of all recorded project failures.âEURBesides, 2024 saw nearly 1.4 million projects fail, accounting for 10.3% of all failures in the past five years.The post Meme Coin WhiteWhale Plummet 60% After Rug Pull Accusations, Large Holders Dump $1.3M in Tokens appeared first on Cryptonews. Market Context The cryptocurrency market remains highly dynamic, with digital assets experiencing significant price movements driven by institutional adoption, regulatory developments, and technological innovations. Investors should consider both the potential rewards and risks associated with crypto investments. Key Takeaways Stay updated on cryptocurrency market developments and price movements Monitor regulatory news that could impact digital asset valuations Consider risk management strategies for volatile crypto investments Published: January 20, 2026 | Source: CryptoNews