WhiteWhale "Brother Narrative" Meme Coin BlackWhale Surges 460%, Project Team Continues to Buy, Holding Top Spot

BlockBeats News, January 9th, according to GMGN monitoring, on-chain Solana Meme coin BlackWhale saw a sharp rise today, with a 24-hour increase of 462%, reaching a high of 0.008 USD at one point, currently trading at around 0.0066 USD, with a market capitalization of 6.6 million USD, currently ranking third on the trading volume leaderboard among Meme coins. The token is considered by some in the community to be a "sibling narrative" Meme coin to WhiteWhale, belonging to the follow-up Beta type. This rise may be driven by the listing on an exchange.

The team leader (X: Blaaackguy) stated that after continuously buying the token, he has long been at the top of the holding leaderboard. Monitoring shows that the current top holding address (CXnxR) holds approximately 4.66% of the total supply, having purchased 46 million tokens at an average price of 0.0003 USD, currently with an unrealized gain of approximately 187,000 USD (913%).

According to the community's released roadmap, BlackWhale plans to conduct weekly buyback burns, airdrop to the community, and promises to provide additional airdrops to holders when the coin price hits an all-time high.

BlockBeats reminds users that Meme coin trading is highly volatile, mostly driven by market sentiment and concept hype, without actual value or use case. Investors should be aware of the risks.