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Gate Square New & Returning Creator Rewards are ongoing!
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WhiteWhale Meme Coin Crosses $100 Million Market Cap After 50x Rally
Source: CryptoNewsNet Original Title: WhiteWhale meme coin crosses $100 million market cap after 50x rally Original Link: https://cryptonews.net/news/altcoins/32242211/
Overview
WhiteWhale, a Solana-based meme coin, crossed the $100 million market cap mark following a more than 50x rally since early December, driven by increased retail participation and new listings on both spot and derivatives markets.
Token Narrative and Background
The token’s narrative is tied to a derivatives trader known online as The White Whale. In mid-2025, a major crypto exchange froze the trader’s account amid a dispute over roughly $3 million in funds, accusing the trader of policy violations.
The freeze triggered public backlash, on-chain investigations, and sustained community pressure. The exchange later reversed its decision, issued a public apology, and released the funds—an outcome that strengthened the trader’s profile among retail participants.
Catalyst Events
The trader’s following grew further after the October 10 market crash, when a sharp selloff across crypto assets triggered the liquidation of approximately $63 million in leveraged positions tied to the account.
Following these events, a meme coin bearing the WhiteWhale name launched. The token gained early traction in December, briefly reaching a $7 million market cap before selling off, then rallying again in mid-December and into early 2026.