A recent interesting phenomenon has emerged on the Solana chain. A meme token called WhiteWhale has skyrocketed from obscurity to a market cap of $60 million, with a surge of dozens of times. But what’s truly intriguing is the underlying holding logic.

According to on-chain data tracking, the CTO of this token manages the community treasury at whitewhaletreasury.sol. The interesting part is that over the past two weeks, this treasury address has been steadily accumulating, now holding 4.41% of the total circulating supply. To put it another way, the market value of this 4.41% stake has approached $1.1 million, with floating gains exceeding 36%.

Continuous buying signals combined with large early holdings often suggest that project insiders have plans for the future in the Meme ecosystem. No matter how you look at it, WhiteWhale has become one of the most talked-about topics in the recent Solana ecosystem. The gameplay of meme tokens is becoming increasingly "professional."