Original | Odaily Planet Daily (@OdailyChina)
This is the story of a Meme coin that was originally "supposed to die," yet unexpectedly revived from the depths after being nearly forgotten by the market.
White Whale, in less than a month, surged from a market cap of less than $100,000 to nearly 500 times its value, currently reporting a market cap of $57 million. The community is now calling for the next target: $100 million.
Familiar Meme Coin Routine: From Start to Finish
White Whale was launched on October 13, 2025, via Pump.fun, originally created by a fan who "borrowed" the avatar and image of crypto KOL @TheWhiteWhaleV2 for a meme. @TheWhiteWhaleV2 is a crypto OG on X with 828,000 followers, whose avatar is a cold, armored whale with a serious and restrained style, often sharing trading philosophies and market insights. Perhaps because of this, fans see him as a symbol of positive energy "whale."
The initial narrative of the project was "The People's Whale," intended to satirize and resist the manipulation by large whales or institutions in the crypto market, positioning itself as a community counterattack tool. However, this was purely a prank creation by fans, without the authorization of @TheWhiteWhaleV2 himself. He even felt in later tweets that "this thing would be dead in 48 hours." Similar "borrowing avatars to issue coins" incidents had happened to him before.
This is why it was said to be a Meme coin that was "supposed" to die. On Pump.fun, thousands of Meme coins are born every day, 99.9% of which die quickly, and this coin was no exception. When it was first launched, its market cap briefly surged to around $100,000 after binding curves, then quickly faded. From mid-October to early December, the price basically stagnated, with trading volume near zero, and it was almost forgotten. This is an ending the market has seen countless times before.
Dramatic Turn: The Whale's "Redemption" and Community Takeover
The turning point came on December 7, 2025.
@TheWhiteWhaleV2 suddenly posted to announce: he officially took over the Treasury and control of this Meme coin. The reason was simple: fans used his image and reputation without permission. Initially, he ignored it, but seeing the coin gaining some traction (albeit small), he worried that if a Rug Pull occurred in the future, it would damage his reputation. So he decided to "step in personally" to protect the brand.
He emphasized that this was not a coin he created, and he initially even advised people not to buy it. But to control his image and portrait rights, he had to take over.
Of course, this was not important.
What mattered was his promise that 100% of the creator's income would be returned to the community, and he also bought some tokens as a keepsake, with the portion he bought never to be sold.
He demonstrated his sincerity through action. On the day he announced the takeover, he spent $10,000 to purchase 5.3 million tokens and locked them through the Streamflow protocol, with an unlock time set for 2063.
After that, he disclosed that he had spent $130,000 to support the community, building pools on Wasabi and adjusting LP bandwidth to reduce volatility's impact on holders, and using personal funds to incentivize community contributors.
It is precisely based on these actions that a "fan prank" was gradually reinterpreted by the community as a narrative sample of "good management."
What Story Does On-Chain Data Tell?
After White Whale surged 100 times, on-chain analyst @cryptorinweb3 re-evaluated the token's indicator signals. According to the investigation, on December 2, data from @nansen_ai showed that the token supply held by the top 100 holders suddenly dropped from 870 million to 140 million. Upon checking the exchange tags, he found that this drop was mainly due to a large amount of funds flowing back into the main liquidity pool (LP). He noted that if you see such a change in the top 100 holdings, it is always a signal worth further investigation.
Then, on December 4, the "smart money inflow" indicator he set up in Discord was triggered, accompanied by an increase in trading volume.
On December 7, @TheWhiteWhaleV2 announced the official takeover. From December 8 onwards, after excluding CEX/DEX wallets, the real top 100 holders increased their holdings by over 80%, while the exchange supply remained stable.
Let’s review the performance of White Whale's token: from the "smart money anomaly" on December 4 to the official takeover on December 7, White Whale's increase was only about 6 times, and it subsequently experienced a pullback; the real explosion occurred in late December.
This is certainly driven by sentiment and funds, but on the other hand, the responsible attitude and transparent on-chain operations demonstrated by @TheWhiteWhaleV2 are the project's foundation.
White Whale is essentially a microcosm of the Solana Meme coin ecosystem: random, chaotic, and high-risk. However, it survived and thrived due to an unexpected positive energy turnaround: a meme coin that was about to die was taken over by its prototype in a "responsible and well-managed" manner, rebuilding trust and achieving the most inspiring "anti-Rug" case by the end of 2025. While we do not know how far it can go, in a market known for short-term speculation, this itself is rare enough.
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