WhiteWhale achieves $120 million market cap with 56% of supply held by its creator, generating $18.1M in unrealized profit, as experts caution about speculative risks and volatility.
WhiteWhale, a meme coin based on the Solana blockchain, surged by 12%, reaching a market cap of $120 million with $4.9 million in 24-hour volume. The project's creator, The White Whale, holds 56.6% of the total token supply, valued at $56 million, generating $18.1 million in unrealized profit. Despite these gains, experts warn of high volatility and speculative risks in the market.