BlockBeats News, January 8, according to... GMGN Monitoring The Solana-based meme coin WhiteWhale has seen its market capitalization surpass $110 million, reaching a new all-time high. The token is currently trading at approximately $0.11. Over the past 30 days, its price has surged around 2,700%. If calculated from last December, the increase has exceeded 100 times. The number of wallet addresses holding the token has now surpassed 12,000, and the 24-hour trading volume reached $4.8 million, ranking it fourth in terms of trading volume.
This token was initially created on October 13, 2025, on pump.fun. It was launched by a community fan borrowing the avatar of the well-known trader The White Whale (X: TheWhiteWhaleV2). In its early days, its market cap only reached a maximum of about $100,000, after which it remained stagnant for a long time and was once close to becoming worthless.
On December 7, 2025, The White Whale himself announced that he would take over the project out of concern that the token was being abused and damaging his personal reputation. He pledged to return all related revenues to the community, stating that he would "earn nothing from it." He personally purchased 10,000 tokens and planned to gradually invest $140,000 of his own funds to provide liquidity, thereby improving trading depth and resistance to rug pulls. The project gradually developed a community-driven narrative of "resisting KOL bloodletting and rug pulls." Subsequently, on December 20, the project team announced a "$100,000 community reward" incentive plan, which further drove the token's price upward.
According to HyperInsight Monitoring: The White Whale, previously a legendary trader for Hyperliquid, has 87,000 followers on X. In July 2025, The White Whale heavily went long on ETH and SOL, earning nearly $30 million in profits in a single week and ranking first on Hyperliquid's earnings leaderboard for the first time. From August to September, his annualized returns once approached $100 million. On October 11, during a major market crash, he suffered his largest single-day drawdown, losing $62 million. Despite the heavy losses, he still maintained an overall profit for the year at that time. On November 14, 2025, The White Whale announced his permanent exit from trading on Hyperliquid, shifting his support to teams dedicated to improving the underlying design.