Original: Odaily Planet Daily
Author: Ding Dang
Original Title: A 500x Surge in One Month: How Did a Crypto KOL Revive a White Whale with 'Responsible Narrative'?
This is the story of a Meme coin that "should have died in theory" but unexpectedly revived from the bottom after being nearly forgotten by the market.
White Whale surged nearly 500 times in less than a month, rising from a market cap of less than $100,000 to a current market cap of $57 million. The community is now calling for the next target: $100 million.
The Familiar Meme Coin Routine: From Start to Finish
White Whale was launched on Pump.fun on October 13, 2025. It was originally created by a fan "borrowing" the avatar and image of crypto KOL @TheWhiteWhaleV2 as a joke. @TheWhiteWhaleV2 is a crypto OG on X with 828,000 followers. His avatar is a stern-looking whale wearing armor, often sharing trading philosophies and market insights. Perhaps for this reason, fans see it as a symbol of positive "whale" energy.
The initial narrative was "The People's Whale," intended to satirize and resist manipulation by big whales or institutions in the crypto market, positioning itself as a community counterattack tool. But this was purely a fan's mischievous creation, without authorization from @TheWhiteWhaleV2 himself. He even later tweeted that "this thing will die in 48 hours." Similar incidents of "borrowing avatars to issue coins" have happened to him before.
This is exactly why it was originally "supposed" to die. On Pump.fun, thousands of Meme coins are born every day, and 99.9% of them die quickly. This coin was no exception. Shortly after its launch, its market cap briefly surged to around $100,000 during the bonding curve phase, then quickly cooled. From mid-October to early December, the price mostly flatlined, with trading volume near zero, almost forgotten. This is an ending the market has seen countless times.
Dramatic Turnaround: The Whale's "Redemption" and Community Takeover
The turning point came on December 7, 2025.
@TheWhiteWhaleV2 himself suddenly posted an announcement: he officially took over the Treasury and control of this Meme coin. The reason was simple: fans used his image and reputation without permission. He initially ignored it, but seeing the coin gain some (albeit small) traction, he worried that if a Rug Pull happened in the future, it would damage his reputation. So he decided to "step in personally" to protect his brand.
He emphasized that this was not a coin he created and that he even initially advised people not to buy it. But to control his own image and portrait rights, he had to take over.
Of course, that's not the important part.
The important part is that he promised that 100% of the creator revenue would be returned to the community, and he also bought some tokens as a memento, with his own purchased portion never to be sold.
And he proved his sincerity with actions. On the day he announced the takeover, he spent $10,000 to buy 5.3 million tokens and locked them via the Streamflow protocol, with an unlock date set for 2063.
After that, he disclosed that he had already spent $130,000 to support the community, building a pool on Wasabi and adjusting LP bandwidth to reduce volatility for holders, and using personal funds to incentivize community contributors.
It was these actions that gradually transformed the original "fan prank" into a narrative sample about "good management" as understood by the community.
What Story Does the On-Chain Data Tell?
After White Whale surged 100x, on-chain analyst @cryptorinweb3 revisited the token's metrics. According to the investigation, on December 2nd, @nansen_ai data showed that the token supply held by the top 100 holders suddenly dropped from 870 million to 140 million tokens. After checking the exchange labels, he found this drop was mainly due to a large amount of funds flowing back to the main liquidity pool (LP). He reminded that when you see such a change in the top 100 holdings, it is always a signal worth further investigation.
Subsequently, on December 4th, the "smart money inflow" indicator he set up in Discord was triggered, accompanied by an increase in trading volume.
On December 7th, @TheWhiteWhaleV2 himself announced the official takeover. Starting from December 8th, after excluding CEX/DEX wallets, the real top 100 holders increased their holdings by over 80%, while exchange supply remained stable.
Let's revisit White Whale token's performance: from the "smart money movement" on December 4th to the official takeover on December 7th, White Whale's increase was only about 6x, and it subsequently experienced a pullback; the real explosion happened in late December.
This was certainly driven by sentiment and capital, but on the other hand, the responsible attitude and transparent on-chain operations demonstrated by @TheWhiteWhaleV2 himself formed the foundation of the project.
White Whale is essentially a microcosm of the Solana Meme coin ecosystem: random, chaotic, high-risk. But the reason it survived and became popular was due to an unexpected positive turn: a dying joke coin was taken over by its inspiration in a "responsible, well-managed" manner, rebuilding trust and creating the most inspirational "anti-Rug" case at the end of 2025. Although we don't know how far it can go, in a market notorious for short-term games, this in itself is rare enough.
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