Hyperliquid's Legendary Trader Takes Over Meme Coin, Single-handedly Propels WhiteWhale Market Cap Past $1 Billion Through Community-Funded "Build"

BlockBeats News, January 8th, according to GMGN Monitoring, data shows that the Solana-based Meme coin WhiteWhale has surpassed a $1.1 billion market cap, hitting a new all-time high, currently trading at around $0.11. In the past 30 days, it has surged by approximately 2700%. If calculated since December last year, the increase has exceeded a hundredfold. There are now over 12,000 hodler addresses, with a nearly $4.8 million trading volume in the past 24 hours, ranking fourth on the trading leaderboard.

The token was initially created on October 13, 2025, on pump.fun, with the community fans launching it using the avatar of the well-known trader The White Whale (X: TheWhiteWhaleV2). Initially, its market cap was only about $100,000, and it then traded sideways for a long time, almost approaching zero.

On December 7, 2025, due to concerns that the token was being misused and damaging personal reputation, The White Whale himself announced taking over the project. He pledged to reinvest all related income back into the community, earning "zero" from it himself. He bought 10,000 tokens and planned to gradually invest $140,000 of his own funds to provide liquidity to enhance trading depth and anti-rug capabilities. The project gradually formed a community-driven narrative of "anti-KOL vampire, anti-rug." Subsequently, on December 20, the project team announced the launch of a "$100,000 community reward" incentive plan to continue driving the token's price up.

According to HyperInsight monitoring, The White Whale was previously a legendary trader on Hyperliquid, with 87,000 followers on X. In July 2025, The White Whale heavily leveraged ETH and SOL, making nearly $30 million in a single week, topping the Hyperliquid earnings chart for the first time. From August to September, his annualized earnings once approached $100 million. On October 11, he experienced a major crash with his biggest single-day drawdown, losing $62 million. Despite the heavy losses, he still maintained an overall profit for the year. On November 14, 2025, The White Whale announced his permanent exit from Hyperliquid trading, shifting his support to teams dedicated to improving underlying design.