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

According to market news, the Solana chain whale wallet (8Ldjm), which once inflated $60,000 to $2.5 million, suddenly awakened after 30 days of silence and sold approximately $1 million of $WhiteWhale within 15 minutes, causing the price to drop 20% instantly. 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.