You’ve probably seen people yelling that $WHITEWHALE got rugged all over your feed.
That’s not what happened.
What actually went down was a classic high-volatility unwind, and it caught a lot of people off guard.
A few large holders started taking profits fast. We’re talking seven figures sold in a short window, which is enough to move price hard when liquidity is thin. Once that selling hit, the chart did what charts always do in that situation — it accelerated the move.
Market cap collapsed quickly, candles got ugly, and panic kicked in. Short-term traders started flipping in and out, stops got hit, and every bounce turned into another sell.
That’s not a rug.
That’s big money exiting + thin liquidity + emotional trading.
Important part:
There’s still size sitting in wallets, which means volatility isn’t done yet. This market is sensitive right now — every large order matters.
If you’re trading it, stay sharp.
If you’re emotional, it’s probably not the place to be.