WhiteRock’s WHITE Token Defies Logic With Wild Price Swing Amid Scam Claims

Just when you thought crypto couldn''t get any weirder—WhiteRock''s WHITE token pulls a Houdini.

Pump, dump, or pure chaos?

The token—now embroiled in scam allegations—decided to moon and crater within hours, because why not? Traders got whiplash watching the chart paint a Rorschach test of volatility. Classic crypto: where fundamentals go to die.

Market shrugs, whales feast

No one knows if it’s a rug pull or a ‘strategic correction’ (Wall Street’s favorite euphemism). Meanwhile, the usual suspects—anonymous wallets—moved stacks while retail scrambled. Pro tip: when in doubt, follow the money. Or don’t—this is gambling masquerading as finance.

The closer

Another day, another token proving crypto’s first rule: if it makes zero sense, it’s probably working as intended. Buckle up.

Could WhiteRock Be a Scam Project?

ZachXBT is one of the most famous sleuths in crypto, fighting scams and frauds from fake token projects to government-backed hacker networks.

Thanks to his years of effort, his condemnations carry a lot of weight in this industry. Therefore, it turned heads when he sounded the alarm that WhiteRock may be a scam linked to ZKasino.

1/ Community Alert: At least one team member from the $30M Zkasino exit scam appears to be involved with the project @WhiteRock_Fi $WHITE due to onchain transactions linking both projects and a personal email address. pic.twitter.com/rZSvLM98fR

ZKasino is a famous rug pull that became a major $32 million scandal, leading to a prominent arrest and Vitalik Buterin denouncing the project.

ZachXBT pointed to pre-existing complaints about WhiteRock’s conduct and built on them with ZKasino connections to make the case that it’s a scam. The first breakthrough was an influencer who advertised WHITE.

By tracing blockchain data, ZachXBT claimed that WhiteRock paid this influencer with funds laundered from the ZKasino scam.

He also presented other evidence identifying further connections between the two firms and called on exchanges like MEXC and Gate to delist WHITE. Bizarrely, this asset’s price actually spiked after these allegations.

At first, it seemed confusing why WhiteRock WOULD spike half an hour after ZachXBT accused it of being a scam.

Soon after, developer Max G. hosted a livestream where he denied these allegations, and things got even stranger:

“We’ve analyzed it ourselves internally…and it seems like there’s a link that doesn’t even exist. Someone we paid from our own budget managed to touch these stolen funds as well. Maybe they were even in on the ZKasino scam,” Max G. claimed, referring to the WHITE influencer. “Even if one employee did work at a project that didn’t do so well, it doesn’t discredit everything we’ve done. At this point, you can believe in our vision, or listen to random FUD.”

Several broadcast comments doubted his statements, which did very little to directly address ZachXBT’s blockchain connections.

Towards the end of the statement, Max G insinuated that some WhiteRock critics may be attempting to manipulate the market, before moving on to the company’s other plans for the future.

Shortly after this broadcast started, WHITE began to fall again, erasing all the day’s earlier gains.

For now, everything looks very strange. ZachXBT accused WhiteRock of being a scam, and WHITE spiked immediately after. The company made a statement defending its actions, and WHITE fell an equivalent amount.

It’s a very bizarre price move, and market manipulation might be at play. Yet, investors should stay cautious as the project is under extreme scrutiny at the moment, and the developer’s live stream didn’t do enough to clarify the concerns.