2026-01-16 08:24:16

White Whale just recorded a 24-hour increase of 11.64%, with its market capitalization once again surpassing $100 million.

The project team has launched a social activity, which can burn up to 5% of the total supply. Considering the impact of the burning mechanism on token economics, along with community engagement, this number is not insignificant.

The question is—can this project, which has stood firm during the bear market, use this move to return to its previous all-time high? Based on recent momentum, it still seems somewhat possible. The market has always been sensitive to burning events; a reduction in supply often leads to bullish expectations. However, whether it can truly break through the previous high depends on upcoming community participation and overall market sentiment.

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ImpermanentPhilosopher

· 18h ago

Surviving the bear market now, burning 5% of the supply, it still feels promising... But honestly, how much participation this kind of activity can get really determines everything.

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SolidityStruggler

· 18h ago

Wow, White Whale has gone up again? This burning mechanism is actually pretty interesting, 5% of the supply is gone directly, but to be honest, I've seen this kind of operation quite a few times...

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NftRegretMachine

· 18h ago

Wow 11.64%, White Whale is about to take off? Burning 5% of the supply sounds pretty good, but I'm just worried it might be another rug pull scheme Breaking the previous high? Let's first get the community hype up and then talk It's already good enough to survive this bear market, don't overthink it

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BoredApeResistance

· 18h ago

Burning 5% of the supply sounds like a lot, but how much actual buying power can it stimulate? ... Projects that survive the bear market are indeed quite resilient.

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SatoshiChallenger

· 18h ago

Burning 5% of the supply can lead to an 11.64% increase. No matter how I look at this logic, I feel something's off. The last time I saw this kind of argument was in 2017. And in the end? It was settled.

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DogeBachelor

· 18h ago

Wow, White Whale is back up again? The 5% burn rate is indeed a bit aggressive, but how many times can this trick fool people? Haha

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TrustlessMaximalist

· 19h ago

Wow, White Whale is back up? A 5% burn rate is no joke; that's real tokenomics operation. Wait, all-time high? Dream on, before the bull market arrives, it's all nonsense. Burning is just a psychological expectation game; the real test is whether it can suck blood after reducing supply. If the bear market can last until now, it at least shows that this team isn't completely garbage. I'm just worried that community enthusiasm will fade, and in a day or two, no one will pay attention anymore.

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