đ¤Źđ $WHITEWHALE down ~70% intraday
Heavy selling started around ~22:26 UTC+3.
Even earlier (~20:40), the token was already topping CEX sell volume.
At the same time:
â sell pressure started building since yesterday morning
â Open Interest was dropping fast
Market was unloading ahead of the move.
Got info about a large transfer â ~$13M
(roughly half of $WHITEWHALE supply).
Started watching to see how that size would be handled.
Price kept nuking, but I stayed out â
no clear distribution from that wallet at the time.
Then it clicked:
The founder stepped away due to personal issues,
locked ~500M tokens and posted a farewell tweet.
~24 minutes later â full-scale distribution hit the market.
Right now this is extremely risky to touch.
Base case: slow rug continuation.
But part of the team is still there, and Solana degens love these narratives â
they might try to spin the âlocked supplyâ story.
Very thin ice here.
NFA / DYOR
