Whale '8Ldjm' Sells $912K in WHITEWHALE Tokens
A major Solana whale sold $1M in WHITEWHALE after 30 days of inactivity, causing a sharp price drop. The team denies any insider connection to the sale.
SOL
Fact Check
The evidence strongly and consistently supports the statement. A high-authority primary source, the on-chain analysis account 'Onchain Lens', first identified the crypto entity '8Ldjm' selling WHITEWHALE tokens. This initial report was then corroborated by multiple independent secondary sources, including news outlets from crypto exchanges like Bitget, Kucoin, and Phemex. Crucially, several sources provide specific, verifiable transaction details, stating that 5.37 million WHITEWHALE tokens were sold for 6,523 SOL, which corresponds to the reported value of approximately $912,000 at the time of the transaction. There are no contradictions among the sources. The combination of a credible primary source and widespread, consistent reporting from multiple secondary sources provides a high degree of confidence in the statement's accuracy.
- Reference: 1
Summary
A Solana whale wallet labeled '8Ldjm' sold about $1 million worth of WHITEWHALE tokens within 15 minutes after 30 days of inactivity, causing a 20% price drop. Blockchain analytics firm Bubblemaps identified this wallet as previously the second-largest holder with roughly 2.5% of the token’s supply. The WhiteWhale team confirmed the seller is not an insider and noted that OTC offers to reduce the market impact were declined.
Terms & Concepts
- Whale: A cryptocurrency holder with significant amounts capable of influencing market movements.
- WHITEWHALE: A digital token whose specific project focus was not detailed in the source, traded on blockchain networks.
- Solana: A high-performance blockchain supporting smart contracts and decentralized applications, with SOL as its native cryptocurrency.