TheWhiteWhale officially announced that it would withdraw from Meme coins WhiteWhale plunged about 50% today

According to GMGN data, the Meme coin WhiteWhale on the Solana chain has plunged by about 50%, and its market value is now at US$12 million, with a 24-hour transaction volume of US$5.4 million. Well-known trader TheWhiteWhale announced that he has officially withdrawn from WhiteWhale's leadership role and has today permanently locked in 500 million WhiteWhale tokens at a time, worth approximately US$13 million at the time of locking. The main reason for the withdrawal was that the family encountered a crisis. The community continued to demand "do more things to promote" made him deeply tired and gradually lost his enthusiasm for cryptocurrency. The Meme coin was originally created by fans borrowing the avatar of TheWhiteWhale, a well-known trader on X and Hyperliquid. Later, it was actively taken over by TheWhiteWhale and built a large number of positions to buy it. ChainCatcher reminds users that Meme coin trading fluctuates greatly, relies mostly on market sentiment and conceptual hype, and has no actual value or use case. Investors should pay attention to risks.