Gate News reports that on March 27, the meme coin WhiteWhale on the Solana blockchain dropped about 50%, with a current market cap of $12 million and a 24-hour trading volume of $5.4 million. Notable trader The White Whale announced his official exit from the leadership role of WhiteWhale, permanently locking 500 million WhiteWhale tokens in one go today, valued at approximately $13 million at the time of locking. The White Whale stated that the main reason for his exit was a family crisis, combined with the community’s ongoing demands to “do more to pump the price,” which left him feeling exhausted and gradually losing enthusiasm for cryptocurrency. This meme coin was originally created by fans using the avatar of the well-known trader The White Whale on the X platform and Hyperliquid, and was later actively taken over and heavily accumulated by The White Whale. Meme coin trading is highly volatile and lacks actual value or use cases, so investors should be aware of the risks.
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