--- title: "Here’s why WHITEWHALE surged 72% after a ‘manufactured’ 86% crash!" description: "WHITEWHALE crypto surged 72% in 24 hours, recovering from an 86% crash due to market manipulation. The team discovered spoofing sell orders that caused panic selling among traders. After addressing th" type: "news" locale: "en" url: "https://longbridge.com/en/news/273439365.md" published_at: "2026-01-23T00:02:08.000Z" --- # Here’s why WHITEWHALE surged 72% after a ‘manufactured’ 86% crash! > WHITEWHALE crypto surged 72% in 24 hours, recovering from an 86% crash due to market manipulation. The team discovered spoofing sell orders that caused panic selling among traders. After addressing the issue, confidence returned, making WHITEWHALE the second most bought token recently. The price broke past $0.05, with a market cap exceeding $51 million. Analysts suggest that if buying momentum continues, WHITEWHALE could reclaim its peak cap of over $200 million, but sustainability depends on ongoing buyer interest. WHITEWHALE crypto surged over 72% in the past 24 hours, erasing some of the losses seen over the past week since the post-launch rally. The memecoin had crashed by over 86% since reaching its peak cap last week. Trader activity, particularly from bad actors, has influenced the memecoin’s anomalous performance. ## **Team uncovers spoofing orders from some exchanges** First, this memecoin’s crash was manufactured. The WHITEWHALE team uncovered a series of spoofing sell orders on some exchanges, like MEXC. Through a statement on X (formerly Twitter), The WhiteWhale Team reported, > “A little over a week ago we detected active market manipulation on our token that was being carrier out as a multi-venue strategy with an overwhelming short-bias active.” The activity led to panic selling from multiple traders, including top token holders. This is because it brought about doubt with the massive sell orders that were placed but not activated, creating the illusion of an impending crash. To counter this spoofing, the team, together with the top 20 holders, deployed a strategy to combat the action. This resulted in hurting the profitability of the bad actors. Also, the team streamlined the CEXs with which they were partners. But now that the question has been answered, holder confidence has begun to rise. ## **Assessing traders’ confidence** Looking at the data from StalkChain, WhiteWhale was the second most bought token over the past 72 hours. This accumulation followed that of Useless Coin \[USELESS\], another performing memecoin on the day. The return of buyers suggested that confidence was gradually improving. Source: StalkChain This confidence was evident as WhiteWhale also emerged among the memecoins with the highest momentum in the Pump.fun \[PUMP\] ecosystem. This followed a 68% rally that made it reclaim the $50 million market cap. ## **Will WHITEWHALE reclaim its peak cap?** On the charts, WHITEWHALE broke out of a descending wedge pattern on the hourly chart. As the price climbed past $0.05, the market cap surpassed the $51 million mark. The Stochastic RSI was oversold, indicating sell pressure was yet to be eliminated. Interestingly, the MACD was turning bullish in correspondence to the surge since the previous day’s close. Sustaining this momentum from the uncovering of spoofing activity, WHITEWHALE could reclaim its peak cap of over $200 million. This would mean its price reaching $0.20 or higher. Source: TradingView Conversely, this trend may not be sustainable unless more buying is initiated. The triangle’s apex displayed an inverted heads-and-shoulders pattern, suggesting a potential bottom. * * * ## **Final Thoughts** - *The team alleged spoofing sell orders, easing panic and triggering renewed buying interest across exchanges.* - *Sustained accumulation and follow-through buying may decide whether WHITEWHALE revisits its prior peak.* * * * ### Related Stocks - [MARA.US - Mara](https://longbridge.com/en/quote/MARA.US.md) - [HODL.US - VanEck Bitcoin ETF](https://longbridge.com/en/quote/HODL.US.md) - [BITF.US - Bitfarms Canada](https://longbridge.com/en/quote/BITF.US.md) - [BITB.US - Bitwise Bitcoin ETF](https://longbridge.com/en/quote/BITB.US.md) - [RIOT.US - Riot Platforms](https://longbridge.com/en/quote/RIOT.US.md) - [GBTC.US - Grayscale Bitcoin Trust BTC - ETF](https://longbridge.com/en/quote/GBTC.US.md) - [IBIT.US - iShares Bitcoin Trust ETF](https://longbridge.com/en/quote/IBIT.US.md) - [CRCL.US - Circle](https://longbridge.com/en/quote/CRCL.US.md) - [BTCW.US - WisdomTree Bitcoin Fund](https://longbridge.com/en/quote/BTCW.US.md) - [ABTC.US - American Bitcoin](https://longbridge.com/en/quote/ABTC.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 分析 Hyperliquid 跌破 30 美元：HYPE 的下一步是什麼？ | Hyperliquid (HYPE) 已跌破 30 美元支撐位，收盤價為 29 美元，日跌幅為 4.9%，周跌幅為 8.9%。該山寨幣面臨買方流動性減弱，需求指數已跌入負值區域，表明賣壓加大。儘管如此，包括一位鯨魚在內的一些交易者已開設了多 | [Link](https://longbridge.com/en/news/276053799.md) | | Steak 'n Shake 將其銷售增長歸因於比特幣策略的推動 | Steak 'n Shake 的比特幣實驗已經演變為銷售驅動因素和資產負債表策略 | [Link](https://longbridge.com/en/news/276114408.md) | | Akash Network - BME 測試網第一階段 -2026年2月17日 | Akash Network 將於 2026 年 2 月 17 日上午 9 點 CT / 下午 3 點 UTC 啓動其 BME 激勵測試網的第一階段，提供 10,000 美元的 AKT 獎勵以獎勵有效提交。該測試網旨在吸引驗證者和基礎設施提供 | [Link](https://longbridge.com/en/news/276094281.md) | | Cregis 在 2026 年 iFX EXPO 迪拜：引領企業支付和數字資產基礎設施的新時代 | Cregis 在 2026 年迪拜 iFX EXPO 展示了其企業支付解決方案，重點關注支付創新和穩定幣的採用。Cregis 支付引擎是一個多鏈多幣種平台，旨在簡化跨境支付，同時確保合規性和安全性。業務發展負責人 Richard 強調了數字 | [Link](https://longbridge.com/en/news/276006556.md) | | OpenPayd 因其在穩定幣基礎設施方面的創新，榮獲 “最佳早期階段或未來支付計劃” 獎 | OpenPayd 榮獲 “最佳早期階段或未來支付倡議” 獎，以表彰其在穩定幣基礎設施創新方面的成就 | [Link](https://longbridge.com/en/news/276042714.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.