BlockBeats message, March 27, according to GMGN data, the Meme coin WhiteWhale on the Solana chain plummeted by about 50% today, with a current market capitalization of 12 million USD and a 24-hour trading volume of 5.4 million USD.
The well-known trader The White Whale announced that he has officially stepped down from his leadership role in WhiteWhale, having permanently locked 500 million WhiteWhale tokens today, valued at approximately 13 million USD at the time of locking. The main reason for his departure is a family crisis, combined with the community’s ongoing demands to “do more to pump it,” which has left him feeling exhausted and gradually losing his enthusiasm for cryptocurrency.
This Meme coin was initially created by fans using the well-known trader The White Whale’s avatar on X and Hyperliquid, and was later actively taken over by The White Whale, who bought in heavily.
BlockBeats reminds users that trading in Meme coins is highly volatile, largely relying on market sentiment and concept speculation, and has no actual value or use cases; investors should be aware of the risks.