A mysterious whale wallet sold $1 million worth of $WhiteWhale, causing the price to drop 20% instantly

According to ChainCatcher, market sources report that the Solana whale wallet (8Ldjm), which once turned $60,000 into $2.5 million, suddenly became active after 30 days of dormancy and sold approximately $1 million worth of $WhiteWhale within 15 minutes, causing the token price to instantly drop by 20%. This address was the largest buyer before the CTO bought in and was once the second largest holder. It currently still holds 2.5% of the total supply.

The WhiteWhale team stated that this wallet does not belong to an insider. They had attempted to propose an OTC agreement to ease the selling pressure, but it was rejected.