WHITEWHALE rocketed more than 72% in 24 hours after the project disclosed evidence of market manipulation — a move that has put traders on alert over whether the rebound can hold. What happened - The memecoin surged over 72% in the last day, clawing back some losses from a brutal sell-off that had pushed WHITEWHALE down more than 86% from last week’s peak market cap. - The WhiteWhale team told followers on X that it had detected coordinated spoofing sell orders across multiple venues, including MEXC, driven by an “overwhelming short-bias.” These phantom sell orders reportedly spooked traders and large holders into panic selling by creating the illusion of an imminent dump. - In response, the team says it worked with the top 20 holders to deploy countermeasures that impaired the spoofers’ profitability and tightened the project’s relationships with centralised exchanges. Buyers returning - On-chain analytics from StalkChain show WHITEWHALE was the second-most bought token over the past 72 hours, trailing only Useless Coin (USELESS). That renewed accumulation suggests buyer confidence is returning after the manipulation claims. - WHITEWHALE also registered among the highest-momentum memecoins in the Pump.fun ecosystem, following an intraday 68% rally that helped the token reclaim roughly a $50–51 million market cap. Technical picture - TradingView charts show WHITEWHALE has broken out of a descending wedge on the hourly timeframe and pushed past $0.05 as market cap topped about $51 million. - Momentum indicators are mixed: the Stochastic RSI sits in oversold territory — a sign selling pressure may not be fully exhausted — while the MACD is turning bullish, aligning with the recent price pop. - Chart patterns note an inverted head-and-shoulders forming near the triangle apex, which some traders interpret as a potential bottom and a bullish reversal signal. Outlook - If current momentum continues and fresh buying arrives, WHITEWHALE could aim to reclaim its previous peak — a market cap above $200 million, implying a price near $0.20. However, analysts caution the rally may be fragile without sustained demand, given the token’s recent volatility and the lingering risk of further market manipulation. Note: This coverage is informational and not investment advice. Crypto trading carries high risk; do your own research before making decisions. © 2026 AMBCrypto (sources: WhiteWhale statement on X, StalkChain, Pump.fun, TradingView, MEXC) Read more AI-generated news on: undefined/news