Important points
- WhiteWhale has risen more than 50x since early December, pushing its market cap to over $100 million.
- The token is built on the Solana blockchain and is closely associated with a derivatives trader called The White Whale.
WhiteWhale, a Solana-based meme coin, today surpassed $100 million in market cap after rising more than 50x since early December, driven by increased retail participation in both spot and derivatives markets and new public offerings.
The story of this token is tied to a derivatives trader known online as “The White Whale.” In mid-2025, cryptocurrency exchange MEXC accused a trader of violating its policies and froze the trader's account amid a dispute over approximately $3 million in funds.
The freeze sparked a public backlash, an investigation on-chain, and sustained pressure from the community. MEXC later reversed its decision, issued a public apology and released the funds. This strengthened the trader's profile among retail participants.
The trader gained more followers after the market crash on October 10th, when around $63 million in leveraged positions tied to the account were liquidated due to the sharp decline in crypto assets overall.
In response to these events, a meme coin named WhiteWhale was launched on Pump.fun. The token gained momentum in early December, briefly reaching a market cap of $7 million before being sold off, only to rise again from mid-December to early 2026.
