The White Whale Officially Announces Exit, Meme Coin WhiteWhale Crashes About 50% Today

BlockBeats News, March 27th, according to GMGN data, the Solana-based Meme coin WhiteWhale experienced a sharp drop of about 50% today, with a current market cap of 12 million USD and a 24-hour trading volume of 5.4 million USD.

Renowned trader The White Whale announced his formal departure from the leadership role of WhiteWhale today. He has permanently locked 5 billion WhiteWhale tokens in one go, worth about 13 million USD at the time of locking. The main reason for his exit is a family crisis, compounded by continuous community demands for "more efforts to pump the price," which has left him exhausted and gradually losing his passion for cryptocurrency.

This Meme coin was originally created by fans borrowing the avatar of the renowned trader The White Whale on platform X and Hyperliquid. It was later taken over by The White Whale himself, who significantly increased his holdings through massive purchases.

BlockBeats reminds users that Meme coin trading is highly volatile, heavily relying on market sentiment and concept hype. These coins have no real value or use case, so investors should be aware of the risks.