{"id":1487,"date":"2025-05-30T09:56:08","date_gmt":"2025-05-30T09:56:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/whiterock-crypto-soars-over-110-amid-rumoured-partnership-with-saudi-arabian-oil-giant\/"},"modified":"2025-05-30T09:56:09","modified_gmt":"2025-05-30T09:56:09","slug":"whiterock-crypto-soars-over-110-amid-rumoured-partnership-with-saudi-arabian-oil-giant","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/whiterock-crypto-soars-over-110-amid-rumoured-partnership-with-saudi-arabian-oil-giant\/","title":{"rendered":"WhiteRock crypto soars over 110% amid rumoured partnership with Saudi Arabian oil giant"},"content":{"rendered":"
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WhiteRock surged as much as 116% on May 30 following rumours of a potential partnership with a major Saudi oil producer.<\/p>\n

According to data from crypto.news, WhiteRock (WHITE) jumped to an intraday high of $0.00138 before pulling back to $0.00104 at the time of writing. Its market cap stood at around $780 million, while daily trading volume spiked 500% to nearly $10 million, a clear sign that the token has caught traders\u2019 attention.\u00a0<\/p>\n

Since its March low, WHITE has now rallied more than 280%.<\/p>\n

Adding fuel to the rally was a huge uptick in open interest, which rose 240% to a new all-time high of $998.55k, signaling growing excitement among derivative traders.<\/p>\n

Speculation gained momentum on X after unverified claims suggested WhiteRock is partnering with Ripple to tokenize the oil supply chain of a major Saudi producer, reportedly Saudi Aramco.<\/p>\n

While neither Ripple nor WhiteRock has confirmed the partnership, the rumour has fuelled significant market enthusiasm.<\/p>\n

<\/p>\n

The post, shared by pseudonymous market watcher Amonyx on May 29, described it as \u201cthe biggest deal in blockchain tokenization history\u201d and included a document detailing the partnership, supposedly signed by a Saudi official.<\/p>\n

Document announcing the rumoured partnership between WhiteRock and Aramco | Source: X\/amonbuy<\/a><\/figcaption><\/figure>\n

That post quickly gained traction, racking up over 254,000 views and pushing WHITE into trending searches on Google, a clear sign of retail FOMO kicking in.<\/p>\n

As of press time, none of the involved parties, Ripple, WhiteRock, or Aramco, have confirmed any such deal.<\/p>\n

Closer examination of the shared document casts further doubt. It references a \u201cSheikh Abdullah bin Khalid Al-Falih,\u201d a figure with no trace in official Saudi records, and features a signature that, as revealed by a simple reverse image search, bears a close resemblance to that of Iranian actress Mahtab Keramati, raising further red flags about its authenticity.<\/p>\n

\"WhiteRock
Source: Wikipedia<\/a><\/figcaption><\/figure>\n

Moreover, Saudi Aramco has made no announcements related to blockchain-based oil tokenisation. Although the firm partnered with Ripple-affiliated SBI Holdings in 2023, that collaboration focused on general digital asset investments and did not involve XRP or tokenizing oil.<\/p>\n

WhiteRock does have ties to Ripple\u2019s ecosystem through its March 2025 launch on the XRP Ledger, aimed at institutional tokenised asset trading. However, there have been no references to oil-linked products in its official communications.<\/p>\n

Until verifiable confirmation emerges, the surge in WHITE appears to be sentiment-driven, with the token\u2019s momentum heavily reliant on an unsubstantiated narrative. Without further validation, the rally may face downward pressure as the initial hype fades.<\/p>\n

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\n Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. <\/p>\n<\/p><\/div>\n

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WhiteRock surged as much as 116% on May 30 following rumours of a potential partnership with a major Saudi oil producer. According to data from crypto.news, WhiteRock (WHITE) jumped to…<\/p>\n","protected":false},"author":1,"featured_media":1488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1487"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1487\/revisions"}],"predecessor-version":[{"id":1489,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1487\/revisions\/1489"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1488"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}