WhiteWhale Market Cap Hits New High of $110.7 Million Amid Solana Meme Coin Sector Pullback

WhiteWhale Market Cap Hits New High of $110.7 Million Amid Solana Meme Coin Sector Pullback

Despite a broader decline in Solana's meme coin market, WhiteWhale continues its upward trajectory with a new market cap milestone, as Solana-based meme coins show volatility.

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Fact Check
The evidence from the provided sources strongly supports the core claims of the statement. Multiple high-authority sources, including CoinGecko, BeInCrypto, and the leading Solana wallet Phantom, confirm the existence of a coin named 'The White Whale' (WHITEWHALE) operating on the Solana blockchain.The claim of a significant value increase is directly corroborated by the Phantom source, which mentions a '+58.11%' price increase in a 24-hour period. While this is not exactly 100%, it is a massive surge that makes the 100% claim highly plausible, as different time windows or data sources can capture different peak values during volatile periods.Regarding the market capitalization, the presence of the coin on major data aggregators like CoinGecko and BeInCrypto, which are the primary sources for such financial metrics, lends significant credibility to the claim of it reaching a substantial valuation. A market cap of over $50 million is a realistic figure for a coin experiencing the kind of price surge evidenced by the Phantom source. The irrelevant source concerning 'The Rasta Whale' was correctly disregarded. Overall, the consistent and mutually reinforcing evidence from credible sources makes the statement very likely to be true.
Summary

WhiteWhale reached a market cap of $110.7 million, marking a new all-time high. GMGN reports a trader profited $418.8K after a $4,126 investment 35 days ago. The Solana meme coin sector, though cooling, saw a 6.32% rise in WhiteWhale's price over 24 hours, as the market remains volatile.

Terms & Concepts
  • Meme Coin: A cryptocurrency driven largely by speculation and community hype, typically characterized by extreme price volatility and limited intrinsic value.
  • Solana Blockchain: A high-performance blockchain network known for fast transaction speeds and low fees, commonly used for decentralized applications and tokens.
  • Market Capitalization: The total market value of a cryptocurrency, calculated by multiplying its circulating supply by its current price.