Back in December 2024, WhiteRock (WHITE), an on-chain brokerage for tokenized equities and bonds, announced its launch of a direct real-world asset (RWA) tokenization platform for NYSE, Nasdaq, and LSE-listed securities.
At that time, the price of its native WHITE token didn’t move too much. However, since the beginning of this month, WHITE has spiked over 600% giving it a market cap valuation of over $900 million.
Wtf is $WHITE?
How did it 10X out of nowhere and why was nobody on my timeline talking about it. pic.twitter.com/5gklC8e1Kq
— Tradinator (@Tradinator33) March 4, 2025
What Is WhiteRock (WHITE) And Why Is It Pumping?
Right now, there are two catalysts potentially behind the WHITE pump. Per its December press release, WhiteRock has partnered with StoneX, BlackRock, and First Citizens Bank. It said “These collaborations guarantee that users’ funds are safe.”
There has been no communication from any of the listed firms to confirm these alleged partnerships. Still, in recent days, the rumors have begun recirculating, leading to the demand for WHITE.
The more recent incident causing the WhiteRock surge is Donald Trump’s World Liberty Financial project, which now seemingly holds over $13 million in WHITE.
On the face of it, WhiteRock looks like an incredible RWA project, with its team allegedly consisting of experienced individuals working in some of the world’s biggest banks like Goldman Sachs, Emirates NBD, and ING.
Per Coingecko, the demand for WHITE over the past few days has seen its 24-hour trading volume rocket to over $20 million. It is available on-chain and also on the MEXC exchange, where it processes more than 80% of that volume.
DISCOVER: Just 26 Days Left To Join New Meme Index Fund as Seed Investor
More Than Meets The Eye With WHITE? Are WhiteRock Crypto Scam Allegations True?
Scam alert ⚠️
The so called RWA token $WHITE ( @WhiteRock_Fi ) which has massively pumped & trading above 1B mcap atm is clearly a scam 🚨It's using a proxy contract I.e. code can be modified anytime. And, they are already blocking some holders from swapping/transferring! ☠️… pic.twitter.com/C1ORvQTl5d
— eFintecher (@Nepalikanchhaa) March 4, 2025
While WhiteRock looks great on paper, many on-chain sleuths have been digging into the project, and their findings are leading to scam calls.
The connection to Trump’s World Liberty Financial project is non-existent, as the WHITE tokens were allegedly sent to the wallet and not bought by the WLFI team.
There are also claims that the BlackRock and StoneX partnerships are being fabricated. Currently, neither firm has confirmed the partnership with WhiteRock, and WhiteRock hasn’t shown any proof of such partnerships.
It doesn’t end there, as many online users have found red flags within the WHITE contract. The contract is not renounced, and it supposedly contains a function allowing the WhiteRock team to blacklist wallets from selling.
Some in the Whiterock crypto community are defending the devs, claiming that the project is currently operating on a Proxy contract under the veil of “merging to their own chain” in the near future.
Hey @realDonaldTrump, dump this $WHITE scam before more people fall for it. Then hire someone to keep your wallet clean from future scams. Protect citizens, act like it actually matters to you. pic.twitter.com/3PpAbF61zZ
— ANBESSA (@Anbessa100) March 4, 2025
Whether WHITE will result in a rug-pull remains to be seen, but right now, many red flags should give any holder cause for concern.
Until the team can counter the accusations by having their partnerships confirmed with the other sides, renouncing its contract or removing the shady functions, many will be waiting for the worst outcome.
The WhiteRock team has yet to address the community’s concerns, and as of yesterday, it is still posting about its upcoming launch.
It took to X yesterday to say; “We have secured what RWA protocols have been needing for years: Direct integration with securities exchanges (such as NASDAQ/NYSE). WhiteRock is now the first and only tokenization platform with true T+0 settlement for listed securities. Details to come soon.”
If the WHITE project is indeed a scam, it will surely unravel as soon as it gets close to launch, showing the community whether the product and its associated partnerships are real.
As of right now, the accusations haven’t had a negative impact on the WHITE chart, which is up over 4% in the past hour, per Gecko Terminal – amid massive gains over the past week.
Better Returns on Solana? New Solana Layer 2 Could Steal the Show
As WhiteRock Crypto goes to show, smart money are scouring the market for new opportunities that could supercharge their performance in 2025.
And this month, one such project being quietly accumulated by whales is the viral ongoing presale for Solana’s first-ever layer-2, Solaxy (SOLX).
In January, developers launched the surging ICO in response to mega congestion triggered by the TRUMP and MELANIA meme coin fiasco. This event rocked the Solana network, driving transactions to a halt against unprecedented demand.
More than anything, this highlighted the urgent need for the Solana Network to adopt a highly scalable, efficient, secure, and reliable layer-2 solution to handle the Network’s growth and volume surges.
Progress is well underway, and developers have already tested Hyperlane integration with resounding success, enabling seamless asset transfers between layer 1 SOL and Solaxy’s low-cost rollup on devnet. Deposits and withdrawals are live, making moving funds in and out of Solaxy easier.
Next, the team plans to launch a stable production version and expand asset support beyond SOL. On the developer side, Solaxy has integrated the latest Sovereign SDK and improved Solana CLI compatibility, making it easier for developers to build and interact with the network.
Block explorer and Solana-native tool support are now available, and further optimizations will simplify program deployment and interaction on the rollup devnet.
EXPLORE: 10 Coins with High Returns: Crypto Forecast 2025
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Free Bitcoin Crash Course
- Enjoyed by over 100,000 students.
- One email a day, 7 days in a row.
- Short and educational, guaranteed!
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
