{"id":62100,"date":"2026-01-20T18:45:28","date_gmt":"2026-01-20T15:45:28","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=62100"},"modified":"2026-01-20T15:35:37","modified_gmt":"2026-01-20T12:35:37","slug":"this-altcoin-dumped-hard-price-plunged-60","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/this-altcoin-dumped-hard-price-plunged-60\/","title":{"rendered":"This Altcoin Dumped Hard: Price Plunged 60%!"},"content":{"rendered":"<p>The crypto market saw another example of the sudden price swings typical of memecoins. <strong>WhiteWhale<\/strong> (WHITEWHALE), a Solana (SOL)-based memecoin, grabbed investors\u2019 attention after experiencing a sharp sell-off. Triggered by large whale sales, the token\u2019s price plummeted by around 60%.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/this-altcoin-dumped-hard-price-plunged-60\/#13_Million_Sale_Triggers_Crash\" title=\"$1.3 Million Sale Triggers Crash\">$1.3 Million Sale Triggers Crash<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/this-altcoin-dumped-hard-price-plunged-60\/#Official_Statement_from_WhiteWhale\" title=\"Official Statement from WhiteWhale\">Official Statement from WhiteWhale<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/this-altcoin-dumped-hard-price-plunged-60\/#Experts_Warn_Memecoins_Are_High-Risk\" title=\"Experts Warn: Memecoins Are High-Risk\">Experts Warn: Memecoins Are High-Risk<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"411\" data-end=\"828\"><span class=\"ez-toc-section\" id=\"13_Million_Sale_Triggers_Crash\"><\/span>$1.3 Million Sale Triggers Crash<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"411\" data-end=\"828\">On-chain data indicates that the sharp drop in WhiteWhale was caused by a whale selling roughly $1.3 million worth of tokens. Following this sale, WhiteWhale\u2019s market cap fell from approximately $50 million to $20 million in just five minutes. Although the token saw a partial recovery afterward, the 24-hour loss remained around 37%, causing panic among short-term investors.<\/p>\n<h2 data-start=\"830\" data-end=\"1219\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-62101 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/01\/whitewhile-300x115.jpg\" alt=\"\" width=\"1025\" height=\"393\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/01\/whitewhile-300x115.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/01\/whitewhile-1024x394.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/01\/whitewhile-768x295.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/01\/whitewhile.jpg 1162w\" sizes=\"auto, (max-width: 1025px) 100vw, 1025px\" \/><\/h2>\n<p data-start=\"830\" data-end=\"1219\">Following the sudden crash, discussions of potential rug pulls spread across social media, particularly on X. Large, high-volume sales within a short period fueled suspicions that the price drop might have been orchestrated. However, memecoins are inherently highly volatile, making them especially sensitive to whale activity and speculative behavior.<\/p>\n<h2 data-start=\"1221\" data-end=\"1551\"><span class=\"ez-toc-section\" id=\"Official_Statement_from_WhiteWhale\"><\/span>Official Statement from WhiteWhale<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1221\" data-end=\"1551\">In response, WhiteWhale\u2019s team issued an official statement on their X account, clarifying that the sell-off did not come from the project treasury or team but was the result of an unexpected \u201cliquidity event.\u201d The team emphasized that no organized dump occurred from within the project.<\/p>\n<p data-start=\"1553\" data-end=\"1878\">The statement also noted that no project wallets sold during the price drop; in fact, buyback operations were conducted when the price fell sharply. The team reaffirmed their commitment to the project\u2019s long-term vision, stating that they remain on track with their roadmap and are taking steps to maintain community trust.<\/p>\n<h2 data-start=\"1880\" data-end=\"1988\"><span class=\"ez-toc-section\" id=\"Experts_Warn_Memecoins_Are_High-Risk\"><\/span>Experts Warn: Memecoins Are High-Risk<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1880\" data-end=\"1988\">Following the event, BlockBeats issued a warning to investors:<\/p>\n<blockquote>\n<p data-start=\"1992\" data-end=\"2190\">\u201cTrading memecoins is highly volatile. These assets are usually driven by market sentiment and hype, and often lack real use cases or fundamental value. Investors should exercise extreme caution.\u201d<\/p>\n<\/blockquote>\n<p data-start=\"2192\" data-end=\"2534\">Experts also emphasized that sudden price crashes are always possible in memecoin projects with heavy whale activity. While WhiteWhale\u2019s team statements helped reduce some uncertainty, rebuilding investor confidence may take time. Analysts advise investors in such projects to prioritize risk management and prepare for sudden price swings.<\/p>\n<p data-start=\"3023\" data-end=\"3229\" data-is-last-node=\"\" data-is-only-node=\"\"><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/a>\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto market saw another example of the sudden price swings typical of memecoins. WhiteWhale (WHITEWHALE), a Solana (SOL)-based memecoin, grabbed investors\u2019 attention after experiencing a sharp sell-off. Triggered by large whale sales, the token\u2019s price plummeted by around 60%. $1.3 Million Sale Triggers Crash On-chain data indicates that the sharp drop in WhiteWhale was<\/p>\n","protected":false},"author":37,"featured_media":56848,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[393,840,847,336,58,5760,27358],"class_list":["post-62100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-crypto","tag-crypto-market","tag-crypto-news","tag-cryptocurrencies","tag-cryptocurrency","tag-digital-assets","tag-whitewhale"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>This Altcoin Dumped Hard: Price Plunged 60%!<\/title>\n<meta name=\"description\" content=\"WhiteWhale (WHITEWHALE), a Solana (SOL)-based memecoin, grabbed 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