Hyperliquid legendary trader takes over my Meme coin, self-funded "Build" community causes WhiteWhale market cap to surpass 100 million

BlockBeats News, January 8th, according to GMGN monitoring, the Meme Coin WhiteWhale on the Solana chain has surpassed a market cap of $110 million, setting a new high, currently trading at approximately $0.11. Over the past 30 days, it has increased by about 2700%. Since December last year, the increase has exceeded 100 times. Currently, the number of addresses holding the coin has exceeded 12,000, with a trading volume of $4.8 million in the past 24 hours, ranking fourth on the trading volume list.

The token was initially created on pump.fun on October 13, 2025, initiated by community fans using the avatar of well-known trader The White Whale (X: TheWhiteWhaleV2). In its early days, its market cap was only about $100,000. It then experienced a long period of sideways movement and was once close to zero.

On December 7, 2025, concerned that the token might be abused and damage personal reputation, The White Whale announced he would take over the project and pledged to return all related income to the community, earning zero from it himself. He bought 10,000 tokens and planned to invest a total of $140,000 of his own funds to provide liquidity, enhancing trading depth and Rug resistance. The project gradually formed a community autonomous narrative of “anti-KOL bloodsucking, Rug resistance.” Subsequently, on December 20, the project announced the launch of a “$100,000 community reward” incentive plan, which helped drive the token’s price upward.

According to HyperInsight monitoring, The White Whale was previously a legendary trader on Hyperliquid, with 87,000 followers on X. In July 2025, The White Whale heavily longed ETH and SOL, earning nearly $30 million in a single week, topping the Hyperliquid profit leaderboard for the first time. Between August and September, his annualized return approached $100 million. On October 11, during a major crash, he experienced his largest single-day drawdown, losing $62 million. Despite the heavy losses, he maintained overall profitability for the year. On November 14, 2025, The White Whale announced his permanent exit from Hyperliquid trading, shifting to support a team dedicated to improving the underlying design.