Key Takeaways
- WhiteWhale crossed a $100M market cap after rising more than 50x since early December.
- The token is built on the Solana blockchain and closely associated with a derivatives trader called The White Whale.
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WhiteWhale, a Solana-based meme coin, crossed the $100 million market cap mark today following a more than 50x rally since early December, driven by increased retail participation and new listings on both spot and derivatives markets.
The token’s narrative is tied to a derivatives trader known online as The White Whale. In mid-2025, crypto exchange MEXC 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. MEXC later reversed its decision, issued a public apology, and released the funds, an outcome that strengthened the trader’s profile among retail participants.
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 on Pump.fun. 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.