Hyperliquid's Legendary Trader Takes Over Meme Coin, Single-Handedly Funds "Build" Community to Propel WhiteWhale Market Cap Past $1 Billion

BlockBeats News, January 8, according to GMGN monitoring, the Solana-based Meme coin WhiteWhale has a market cap exceeding 110 million USD, hitting a new high, currently trading at around 0.11 USD. In the past 30 days, it has surged by about 2700%. If calculated since December last year, the increase has exceeded one hundredfold. Currently, the number of holding addresses has exceeded 12,000, with a 24-hour trading volume of 4.8 million USD, ranking fourth on the trading leaderboard.

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

On December 7, 2025, due to concerns about the token being misused to damage personal reputation, The White Whale himself announced taking over the project and pledged to reinvest all related income back into the community, earning "zero from it" personally. He bought 10,000 tokens and planned to invest an additional 140,000 USD of his own funds to provide liquidity to enhance trading depth and Rug resistance. 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 USD community reward" incentive plan to sustain the token's price surge.

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 made significant leveraged long positions on ETH and SOL, making nearly 30 million USD in profit in a single week, topping the Hyperliquid profit rankings for the first time. During the period from August to September, his annualized earnings once approached nearly 100 million USD. On October 11, he experienced a major crash, facing the largest single-day drawdown, losing 62 million USD. Despite the heavy loss, he still maintained an overall profit for the year. On November 14, 2025, The White Whale announced his permanent withdrawal from Hyperliquid trading, shifting support to teams dedicated to improving underlying designs.

BlockBeats reminds users that Meme coins are highly volatile, relying heavily on market sentiment and hype around a concept, with no real value or use case. Investors should be aware of the risks.