BlockBeats News, February 11th, according to GMGN monitoring, on the Solana blockchain, the Meme coin WhiteWhale has recently seen a continuous decline in market value. It has dropped by about 57% from its high point of around $140 million on February 8th to the current market value of $59 million, with the current price at around $0.062, and a 24-hour trading volume of $5.4 million.
Despite the price drop, trader The White Whale continues to buy in. Currently, their holdings of the token are worth around $34.5 million, with a holding ratio of 58.13%. They are currently at an unrealized loss of about $86,000 (-29%) and have not yet made any sales.
GMGN data shows that their main holding address (EBxgM) has mostly acquired the tokens through several child addresses. In the past 24 hours, the accumulated token inflow value is about $219,000, with a net inflow value of over $2.1 million in the past week.
This Meme coin was originally created by fans borrowing the avatar of the well-known trader The White Whale (X:TheWhiteWhaleV2) on Twitter and Hyperliquid. It was later taken over by The White Whale, who then aggressively built up holdings through purchases.
BlockBeats reminds users that Meme coin trading is highly volatile, heavily reliant on market sentiment and conceptual hype, has no real value or use case, and investors should be aware of the risks involved.
