I’d only heard about it before too. Later, I looked into it carefully and figured it out.
When looking at the share held by whales, you first need to exclude addresses such as liquidity pools, burn addresses, exchange wallets, and vesting contracts.
Whale addresses can be tracked in real time on a blockchain explorer. Whales transferring tokens to exchanges is often seen as a sign they’re preparing to sell, though they may not sell right away.
$BONK airdropped half of its tokens to the Solana community at launch. The current price is 0.0₅295.
If anything isn’t clear, leave a comment and ask.