The White Whale officially announces its exit, Meme coin WhiteWhale plummets by about 50% today

According to GMGN data, the Meme coin WhiteWhale on the Solana chain has plummeted by about 50%, with a current market value of $12 million and a 24-hour trading volume of $5.4 million.

The well-known trader The White Whale announced that he is officially stepping down from his leadership role in WhiteWhale and has permanently locked 500 million WhiteWhale tokens in one go today, valued at about $13 million at the time of locking. The main reason for his departure is a family crisis, coupled with the community's ongoing demands to "do more to pump the price," which has left him feeling exhausted and gradually losing 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 taken over by The White Whale, who aggressively accumulated it.

ChainCatcher reminds users that trading Meme coins is highly volatile, largely dependent on market sentiment and speculative hype, and has no actual value or use case, so investors should be aware of the risks.