WhiteWhale meme coin crosses $100 million market cap after 50x rally

The WhiteWhale meme coin, built on the Solana blockchain, achieved a market capitalization exceeding $100 million after experiencing a rally of more than 50 times since early December. This surge was fueled by increased retail investor participation and new listings on spot and derivatives exchanges. The token's narrative is linked to a derivatives trader known as The White Whale, whose profile was significantly boosted after a dispute with the MEXC exchange in mid-2025. MEXC initially froze the trader's account over a $3 million fund dispute but later reversed the decision, apologized, and released the funds following community pressure. Further strengthening the trader's standing was the liquidation of approximately $63 million in leveraged positions tied to the account during the October 10 market crash. A meme coin bearing the trader's name subsequently launched on Pump.fun, gaining initial traction in December before its significant rally into early 2026.

(Source：Crypto Briefing)