The White Whale Surges on Bybit Amid MEXC Dispute and Growing Solana Meme Coin Momentum

White Whale (WHITEWHALE) has surged over 13,000% in the past month, breaching $100 million in market cap and trading at $0.1393. The token's growth is attributed to its recent listing on Bybit, improved liquidity, and a strong community supporting 'anti-predatory' trading rules according to analysis.

A dispute with MEXC resurfaced in January 2026 over the listing of perpetual futures, raising concerns about transparency and trust in centralized exchanges.

White Whale (WHITEWHALE) has become a significant topic in the Solana-based meme coin space, driven by a combination of technical infrastructure and community engagement. The token's price surged over 1400% in the past fourteen days, reaching a current price of $0.089, with some exchanges reporting a price of $0.1393. This rally has been largely driven by its listing on Bybit, which has provided increased liquidity and attracted speculative demand.

The token's narrative is community-driven, with an influencer rebranding the project in late 2025 and committing all revenue to the community. This transformation has helped White Whale establish a strong cultural identity and on-chain activity, positioning it as a "whale for the people" with a loyal following according to reports.

However, White Whale's success has not been without controversy. In January 2026, the token's founder accused MEXC of listing perpetual futures before official liquidity support was active, raising concerns about potential internal market manipulation. This issue resurfaced after an earlier dispute in August 2025, when $3 million in funds were frozen under unclear compliance rules, later resolved with an apology from MEXC according to analysis. These events highlight broader concerns about centralized exchanges and their potential to act in their own interest rather than ensuring fair execution and transparency for users.

What Drives White Whale's Price Surge?

White Whale's price surge is largely attributed to its listing on Bybit and the broader recovery of Bitcoin in 2026. The token's market capitalization has exceeded $100 million, with a daily trading volume of $31.9 million. On-chain activity and supply management have also contributed to its momentum, with a circulating supply of 420 million out of a total supply of 1 billion tokens according to data.

Key support levels for the token are near $0.0775 and $0.082, while resistance is emerging near $0.10 and $0.11. Breakouts above these levels could attract significant trading volume and reinforce upward momentum. Analysts suggest that continued volume and community enthusiasm will be crucial in breaking these levels and reaching the $0.15 target according to reports.

What Are the Risks and Limitations of White Whale's Growth?

Despite its recent success, White Whale remains a speculative asset, and analysts caution about the risks of rapid price corrections and sentiment shifts according to analysis. The token's high volatility is a common feature of meme coins, where viral campaigns and community engagement can quickly drive price surges but also expose the market to sharp downturns according to research.

The project's tokenomics include a nearly 1 billion token supply, with a high concentration among top holders according to reports. This could lead to liquidity drying up quickly in the absence of strong fundamental backing, especially in the post-listing period. Additionally, the controversy surrounding MEXC highlights broader concerns about centralized exchange trust and the need for transparency and community-driven governance in the crypto market.

What Is the Broader Market Impact of White Whale's Momentum?

White Whale's rise is part of a broader trend in the Solana-based meme coin space, where tokens are gaining traction due to their cultural resonance and community-driven narratives. The project's success is also being supported by initiatives like Bybit's 3 million token reward campaign, which has driven increased trading volume.

The token's popularity has also been bolstered by its listing on major exchanges like MEXC and Bybit, with the latter introducing incentives such as trading rewards to attract retail investors. However, the speculative nature of meme coins means that investors must remain cautious while participating in such projects, as liquidity can dry up quickly, especially in the absence of strong fundamental backing according to analysis.

In conclusion, White Whale's surge is a product of its listing on Bybit, strong community support, and the broader recovery of the crypto market. While the token has demonstrated impressive price action and on-chain activity, its long-term success will depend on sustained volume, additional exchange listings, and continued narrative-driven interest according to reports.