PANews reported on January 12th that, according to Bubblemaps, the Solana Chain whale wallet (8Ldjm), which had previously driven up the price from $60,000 to $2.5 million, suddenly resurfaced after 30 days of inactivity, selling approximately $1 million worth of $WhiteWhale within 15 minutes, causing the price to plummet 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 the wallet was not an insider and that they had attempted to propose an OTC protocol to alleviate the selling pressure, but were rejected.