Bubblemaps: A mysterious giant whale sold 1 million dollars worth of WhiteWhale, causing the price to drop by 20% instantly

According to Bubblemaps, a Solana chain whale wallet (8Ldjm) that turned $60,000 into $2.5 million suddenly woke up after 30 days of silence and sold approximately $1 million of $WhiteWhale in 15 minutes, causing the price to drop by 20%.

This address was the largest buyer before the CTO's purchase and was once the second-largest holder, currently still holding 2.5% of the total supply.

The WhiteWhale team stated that this wallet is not an insider and attempted to propose an OTC agreement to alleviate the selling pressure but was rejected.