WhiteWhale, a meme coin on the Solana blockchain, has surged 42% in the past 24 hours, pushing its market capitalization to $88 million. The coin's price currently stands at approximately $0.0927, with a trading volume of $3.5 million during the same period. This rebound follows a recent dip in market cap to around $52 million.
A significant trader, known as The White Whale, holds a position valued at approximately $500 million, representing 57.6% of the total supply. This trader has unrealized profits of about $900,000, with total profits reaching $202 million. Despite the impressive gains, investors are cautioned about the high volatility and speculative nature of meme coin trading, which often lacks intrinsic value or practical use cases.
WhiteWhale Meme Coin Soars 42% in 24 Hours, Market Cap Hits $88M
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