Solana Memecoin WAR Doubles Before Sliding 20% As Whale Holds 31% Supply

The Solana-based memecoin WAR, short for Western Asset Reserve, doubled in price on Friday before giving back nearly 20% in a sharp sell-off. During Monday's pullback, the token dropped from an intraday high above $0.60 to roughly $0.028, with trading volume near $22 million and market cap around $28 million. One holder controls 31% of the circulating supply, adding to volatility as the token's narrative ties its moves to geopolitical tensions rather than crypto-specific events.