Solana-Based WhiteWhale Hits 100M Market Cap After Gaining Over 50x

TLDR

• WhiteWhale rose over 50x in value since early December 2025.

• The token reached a $100M market cap amid rising retail interest.

• The coin is tied to Solana and a trader called The White Whale.

• On-chain links show overlap between the $WhiteWhale treasury and other meme coins.

WhiteWhale, a meme coin launched on the Solana blockchain, has crossed a $100 million market cap after gaining more than 50x in value since early December. The token has seen rising attention from retail traders and has recently expanded into both spot and derivatives markets.

The coin’s identity is linked to a trader known as The White Whale. In 2025, this trader became widely known after a public conflict with MEXC, a global exchange. At the time, MEXC froze around $3 million in assets held by the trader, citing internal policy breaches. The move sparked backlash from the crypto community.

Market Attention Grew After Account Dispute and October Selloff

After public criticism and on-chain reviews of the trader’s activity, MEXC reversed its decision, issued an apology, and returned the funds. The incident increased the trader’s visibility, especially among retail traders on social media platforms. This visibility grew again in October 2025 during a sharp market-wide crash. A wave of liquidations erased over $63 million in open positions tied to The White Whale’s trading activity.

Shortly after these events, the $WhiteWhale token launched via Pump.fun, a platform commonly used for meme coin creation on Solana. The token saw an initial surge to a $7 million market cap before retracing. It then began another rally in mid-December and reached the $100 million mark in early January 2026.

The project has not released an official roadmap or team structure, but its branding and community messaging continue to revolve around the trader’s identity. Users have posted memes, trading charts, and support statements across platforms such as X and Discord.

WhiteWhale On-Chain Movements Raise New Questions

Recent on-chain data has connected wallets tied to the $WhiteWhale treasury with the deployment of other meme coins. One user, posting under the handle @bryantheden, flagged a wallet that transferred nearly 3 SOL to another wallet address. That address was identified as the creator of $Biguy, another meme coin themed around a SpongeBob character.

Analysis of these wallets revealed that the $Biguy deployer holds over $900,000 worth of $WhiteWhale, suggesting non-random wallet interactions. The post quickly spread across Solana-based trading communities, triggering further discussion around treasury management and meme coin recycling strategies.

While such cross-links are not uncommon in meme coin ecosystems, they raise transparency questions among investors monitoring treasury-linked activity. No official statement has been released by the WhiteWhale deployers regarding these movements.

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