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The Meme coin BlackWhale on the Solana chain has recently gained popularity. According to data from January 9th, this coin's 24-hour increase skyrocketed to 462%, reaching a high of $0.008 at one point. It is now stable around $0.0066, with a market cap of approximately $6.6 million. In trading volume rankings, it has already secured the third position among Meme coins.
Interestingly, BlackWhale is seen by many in the community as a "brother coin" to WhiteWhale, belonging to the type that follows the trend to pump prices. The driving force behind this surge is said to be the launch of an Alpha channel on a major exchange, which directly ignited attention.
Project insiders are also jumping in. They revealed that they have been continuously increasing their holdings of this coin and currently hold the top position in the holdings ranking. Data shows that the address with the largest holdings bought 46 million tokens at an average price of $0.0003. The paper profit has already exploded to $187,000, with a gain of 913% — and remember, this is just one address's result.
However, a word of caution: Meme coins are highly volatile and are essentially products of market sentiment and hype. They lack real utility or intrinsic value support. Participants should keep their eyes open and always prioritize risk management.