Meme Coin WhiteWhale's market cap plummeted by 60% early this morning, due to multiple large holders collectively selling over 48 million tokens.

ChainCatcher News, according to market reports, the Solana-based Meme Coin WhiteWhale experienced a sudden sell-off around 0:00 today. Its market capitalization plummeted from approximately $50 million to near $20 million within 5 minutes, a decline of about 60%. As of press time, its market cap has rebounded to $37 million, with a current price of approximately $0.038, and a 24-hour decrease of 36%.

Monitoring data shows that this decline was triggered by concentrated selling from multiple addresses on the holdings list. Addresses (6kas…), (5tf1…), and (5AAn…) started selling at 0:27, with a short-term total of over 48.36 million tokens sold, worth about $1.6 million, causing significant downward pressure on the token price in a short period. Currently, there are many Meme Coins with the same name in the market. The most liquid token contract is: “WhiteWhale”: a3W4qutoEJA4232T2gwZUfgYJTetr96pU4SJMwpp. ChainCatcher reminds users that Meme Coin trading is highly volatile, often driven by market sentiment and hype around concepts, with no real value or utility. Investors should be cautious of risks.