WhiteWhale meme coin crosses $100 million market cap after 50x rally

Source: CryptoBriefing Original Title: WhiteWhale meme coin crosses $100 million market cap after 50x rally Original Link:

Key Takeaways

• WhiteWhale crossed a $100M market cap after rising more than 50x since early December.
• The token is built on the Solana blockchain and closely associated with a derivatives trader called The White Whale.

Market Performance

WhiteWhale, a Solana-based meme coin, crossed the $100 million market cap mark today following a more than 50x rally since early December, driven by increased retail participation and new listings on both spot and derivatives markets.

Project Background

The token’s narrative is tied to a derivatives trader known online as The White Whale. In mid-2025, a major crypto exchange froze the trader’s account amid a dispute over roughly $3 million in funds, accusing the trader of policy violations.

The freeze triggered public backlash, on-chain investigations, and sustained community pressure. The exchange later reversed its decision, issued a public apology, and released the funds, an outcome that strengthened the trader’s profile among retail participants.

The trader’s following grew further after the October 10 market crash, when a sharp selloff across crypto assets triggered the liquidation of approximately $63 million in leveraged positions tied to the account.

Token Launch and Growth

Following these events, a meme coin bearing the WhiteWhale name launched on Pump.fun. The token gained early traction in December, briefly reaching a $7 million market cap before selling off, then rallying again in mid-December and into early 2026.