Coralline algae incorporates a significant amount of carbonates and magnesium into itself.
Magnesium is important to it's growth and health just as calcium as DKH
Low calcium levels will mainly keep it from growing much if at all one established
Alkalinity on the other hand can cause it to do what you are seeing just as a swing would cause damage to sps tips or tissue loss if it drops to much or fast
Another thing would be a change in light
Most coralline likes lower light levels and can bleach or not grow at all in higher intensity lighting
Though there are some varieties that like the intense light
Was the rock covered in any algae for a significant amount of time ?
I've had coralline die off from being covered with algae even for short periods plus the other reasons listed above
If your lights havent changed recently and it's white like that over night I would suspect water chemistry to be the cause.
Much like corals it too can take a bit of time to finally kick the bucket slowly or very quick.