WhiteWhale, a meme coin on the Solana blockchain, has seen a significant increase in its market capitalization, surpassing $35 million as of December 28. The token experienced a 41.2% rise in value over the past 24 hours, accompanied by a trading volume of $2.4 million. Despite the bullish market sentiment, analysts warn that meme coins like WhiteWhale are often influenced by hype and fluctuations in the fear and greed index. Blockbeats highlights the lack of fundamental value in these assets, advising investors to exercise caution.