WhiteWhale Market Cap Briefly Tops $100 Million; Main Address Holds $56 Million
WhiteWhale's market cap briefly rebounded above $100 million on Feb. 4 and was last at $99 million, with the token trading around $0.105 and posting a 24-hour gain of 25%, GMGN data show. On Solana, The White Whale bought more than 2.39 million WhiteWhale tokens for about $200,000 and moved them to a main address (EBxg...), with a related address shown as ECyvt..., according to GMGN. That main address holds about $56 million of the token, representing 56% of the memecoin's total supply, with unrealized profit of $17.7 million (30%) and an average buy price near $0.0213, with no sales to date. The token was created on Oct. 13, 2024 on pump.fun by fans using the avatar of trader The White Whale (X: TheWhiteWhaleV2); BlockBeats said the latest rise may be tied to the trader's ongoing personal buys and cautioned that meme-coin trading is highly volatile and sentiment-driven with no inherent value or use case.