WhiteWhale hitting the 3500 million cap just validates what's been resonating across the market lately. When you break down what actually drives these moonshots, the formula becomes pretty clear: solid market making infrastructure paired with a capable team that knows how to execute.

Look at the runners that actually performed during bull cycles—most of them shared this common thread. It wasn't magic or pure luck. The ones that sustained momentum had both the liquidity depth to move markets smoothly AND people behind the project who could navigate chaos without fumbling.

Market making isn't sexy, but it's the backbone. Combined with competent leadership, you get the volatility patterns and price stability that attracts serious players. That's where the real alpha sits.