Whale sells 5.37 million WHITEWHALE, making a profit of $910,000, and a signal for profit-taking in the altcoin season emerges.

Based on on-chain data, the whale “8Ldjm” sold 5.37 million WHITEWHALE tokens four hours ago, in exchange for 6,523 SOL, which at the current price is approximately $912,000. This transaction reflects that after WHITEWHALE surged to a $140 million market cap from an early-stage project, large investors have begun to take profits in batches. It is worth noting that the whale did not fully liquidate its holdings and still holds 25 million WHITEWHALE tokens, indicating that its mid-term outlook on the project remains unchanged.

Market Phenomenon Behind Whale Profits

From Early Stage to Mainstream Exchange Transition

According to the latest news, WHITEWHALE achieved a 65-fold increase in just 27 days. Early investors bought 30.36 million tokens at a cost of $68,000, and now their holdings are worth $4.48 million. Behind this extreme surge is the project’s transition from niche trading to mainstream exchanges like Bybit. The whale “8Ldjm” taking profits happened precisely at this critical point of shifting from “meme coin” to “mainstream coin.”

Signals Revealed by Position Structure

After selling 5.37 million tokens, the whale still holds 25 million, which is an interesting proportion. According to profit-taking logic, it could have completely liquidated, but chose to retain about 82% of its holdings, implying:

• Continued confidence in the project’s long-term potential
• Possibly waiting for higher price levels
• Batch profit-taking is a common risk management practice

Typical Signals of Altcoin Seasonal Market

According to relevant information, the trading volume share of altcoins has surpassed 50%, exceeding Bitcoin’s 27% and Ethereum’s 23%. This is a key market indicator. Against this backdrop, high-volatility meme coins like WHITEWHALE are gaining significant attention, and whale profit-taking is a natural evolution of this trend.

From exchange data, similar profit-taking may occur gradually. Early large investors, after seeing returns of hundreds or thousands of times, tend to reduce their positions in batches. During this process, new buyers chasing higher prices will become the new holders, which is a common pattern in meme coin cycles.

Observations on SOL as a Trading Pair

The whale chose to swap WHITEWHALE for SOL instead of USDC or other stablecoins, which is noteworthy. SOL has increased by 2.75% in the past 24 hours and 3.96% over the past 7 days, indicating a moderate upward trend. This could imply:

• The whale believes SOL’s current price (139.44 USD) has holding value
• Or it aims to participate in other projects within the Solana ecosystem
• Or it might simply be considering liquidity factors

Future Directions to Watch

This transaction could serve as a reference point. If more large investors follow suit and take profits in the coming days, the price of WHITEWHALE may face downward pressure. Conversely, if capital continues to flow in net, this profit-taking might just be normal market fluctuation.

It’s also important to be cautious because meme coins tend to have relatively low liquidity, with significant whale control, leading to rapid rises and falls. Early investors taking profits is normal market behavior, but for latecomers chasing high prices, the risk increases significantly.

Summary

The transaction by whale “8Ldjm” reflects the maturation process of WHITEWHALE as it moves from an early-stage project to a mainstream exchange. Profiting $912,000 while still holding most of their position indicates this was a batch profit-taking rather than a bearish outlook. In the context of the meme coin season kicking off with trading volume share exceeding 50%, similar profit-taking events will likely occur gradually, representing market self-regulation. For subsequent investors chasing in, it’s crucial to recognize the high-risk nature of meme coins—true gains often belong to early investors, not those rushing in after seeing the top gainers.