Hold onto your wallets, folks! WhiteRock just skyrocketed by a jaw-dropping 116% on May 30, all thanks to some juicy gossip about a potential partnership with a Saudi oil producer. I mean, who doesn’t love a good rumor, right? 🙄
According to the ever-reliable crypto.news (because who needs actual facts?), WhiteRock (WHITE) hit an intraday high of $0.00138 before doing a little cha-cha back down to $0.00104. Its market cap is now strutting around at a cool $780 million, and daily trading volume? Oh, just a casual 500% spike to nearly $10 million. Clearly, traders are feeling the FOMO! 💸
Since its March low, WHITE has rallied more than 280%. I guess it’s the little token that could! 🚂
But wait, there’s more! The excitement didn’t stop there. Open interest shot up by 240% to a new all-time high of $998.55k. That’s right, folks, derivative traders are practically throwing confetti in the air! 🎉
Speculation really took off on X (formerly known as Twitter, because rebranding is all the rage) after some unverified claims suggested that WhiteRock is teaming up with Ripple to tokenize the oil supply chain of none other than Saudi Aramco. Because why not throw a giant oil company into the mix? 🌍
Now, neither Ripple nor WhiteRock has confirmed this partnership, but who needs confirmation when you have rampant enthusiasm? It’s like believing in unicorns because they’re just so magical! 🦄
A post by the mysterious market watcher Amonyx on May 29 claimed this was “the biggest deal in blockchain tokenization history.” It even included a document that was supposedly signed by a Saudi official. Spoiler alert: it’s probably written in crayon. 🖍️
That post went viral, racking up over 254,000 views and sending WHITE into trending searches on Google. Retail FOMO is officially in full swing, people! 📈
As of now, none of the parties involved—Ripple, WhiteRock, or Aramco—have confirmed any deal. Shocking, I know! 😱
Upon closer inspection of the shared document, things get even juicier. It mentions a “Sheikh Abdullah bin Khalid Al-Falih,” who, surprise surprise, doesn’t exist in any official Saudi records. And the signature? Let’s just say it looks suspiciously like that of Iranian actress Mahtab Keramati. Red flags, anyone? 🚩
Moreover, Saudi Aramco hasn’t made any announcements about blockchain-based oil tokenization. They did partner with Ripple-affiliated SBI Holdings in 2023, but that was just about general digital asset investments—no oil tokenization involved. So, let’s not get too carried away, shall we? 🛑
WhiteRock does have ties to Ripple’s ecosystem through its March 2025 launch on the XRP Ledger, aimed at institutional tokenized asset trading. But oil? Nope, not in their official communications. 🧐
Until we get some actual confirmation, this surge in WHITE seems to be more about sentiment than substance. So, buckle up, because without validation, this rally might just crash harder than my hopes of winning the lottery! 🎢
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2025-05-30 12:47