Data: WhiteWhale's price surge is attributed to The White Whale personally controlling the purchase of 15 million tokens, bringing its holdings to 54%.

This article is machine translated
Show original
According to ME News, on January 27th (UTC+8), GMGN monitoring showed that the market capitalization of the Solana-chain Meme coin WhiteWhale briefly surged to $80 million, currently trading at approximately $70 million, a 24-hour increase of over 60%. This surge is likely primarily attributed to the personal purchase by The White Whale, the token's prototype. Data also shows that this associated address purchased over 15 million tokens of the same name today, worth approximately $1.05 million, and subsequently transferred them to its main address. Currently, this main address holds approximately 67.9 million tokens, representing 54% of the total Meme coin supply, with a holding value of $37 million and a floating profit of $16.7 million (31%). The average purchase price was approximately $0.0212, and no sales have been made yet. The Meme coin was initially created on October 13, 2025, on pump.fun by a fan using the avatar of The White Whale, a well-known trader on X and Hyperliquid. Later, The White Whale, concerned about potential misuse and damage to his reputation, took over the project and heavily invested. ChainCatcher reminds users that Meme coin trading is highly volatile, heavily reliant on market sentiment and hype, and has no real value or use cases; investors should be aware of the risks. (Source: ME)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments