「WhiteWhale」 Surge Due to The WhiteWhale Personally Buying 15 Million Tokens, Bringing Their Holdings to 54%

BlockBeats News, January 27th, according to GMGN monitoring, on the Solana chain, the Meme coin WhiteWhale's market cap briefly surged to $80 million today, currently around $70 million, with a more than 60% increase in the past 24 hours. This surge may be mainly due to the token's iconic figure, The White Whale (associated address ECyvt...), personally buying in.

According to data, the associated address has purchased a total of over 15 million Meme coins today, worth around $1.05 million, and then consolidated the tokens to its main address (EBxg...). Currently, the main address holds around 67.9 million tokens, accounting for 54% of the total Meme coin supply, with a holding value of $37 million, an unrealized gain of $16.7 million (31%), an average purchase price of around $0.0212, and no sales so far.

The Meme coin was originally created on October 13, 2025, on pump.fun, borrowing the avatar of the well-known trader The White Whale (X:TheWhiteWhaleV2) from X and Hyperliquid. Later, due to concerns that the token might be abused and damage reputation, the narrative owner, The White Whale, announced the proactive takeover of the project and made large-scale purchases.

BlockBeats reminds users that Meme coin trading is highly volatile, heavily reliant on market sentiment and concept hype, without actual value or use case. Investors should be aware of the risks.