BlockBeats news, on March 27, according to GMGN data, the Meme coin WhiteWhale on the Solana blockchain plummeted about 50% today, with a current market capitalization of $12 million and a 24-hour trading volume of $5.4 million.
Famous trader The White Whale announced that he is officially stepping down from his leadership role in WhiteWhale, having permanently locked 500 million WhiteWhale tokens in one go today, valued at approximately $13 million at the time of locking. The main reason for his exit is a family crisis, compounded by the community’s ongoing demands for “more action to pump the price,” which has left him feeling exhausted and gradually losing enthusiasm for cryptocurrency.
This Meme coin was originally created by fans borrowing the well-known trader The White Whale’s avatar on X and Hyperliquid, and was later actively taken over by The White Whale, who made significant purchases.
BlockBeats reminds users that trading Meme coins is highly volatile, heavily reliant on market sentiment and speculative hype, and has no actual value or use cases, so investors should be cautious of the risks.
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