WhiteWhale Meme Coin Bounces Back Strong
On February 12, GMGN monitoring showed that WhiteWhale, a Meme coin on the Solana blockchain, rebounded from a low of around $52 million in market cap yesterday to a current value of $88 million. Priced at approximately $0.0927, the coin has surged by 42% in the last 24 hours with trading volume hitting $3.5 million.
Key Trader Position Overview
The White Whale, a prominent trader, currently holds a position worth around $50 million, representing 57.6% of total holdings. They are sitting on an unrealized profit of $900,000 (21%) and have accumulated a total profit of $20.2 million.
Investment Caution Advised
While WhiteWhale has shown impressive momentum, Meme coins are highly volatile and primarily driven by market sentiment. Investors are advised to approach cautiously and avoid impulsive trading decisions.