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# WHITEWHALE Project Overview and Market Event Tracking
A meme coin project called WHITEWHALE has emerged in the SOLANA ecosystem, quickly gaining popularity after its late 2025 launch. The project is inspired by veteran trader The White Whale V2, who is well-known for whale-level operations in the Hyperliquid perpetual trading market.
In a short period, WHITEWHALE's market capitalization surged to nearly $200 million. However, the project soon encountered controversy—MEXC exchange froze approximately $3 million worth of related funds, sparking public debate. This incident reflects the high volatility of the meme coin market and also highlights the intervention power of centralized trading platforms during sudden events. Market participants continue to monitor the situation.