The 20ft long beast is covered in what looks like thick white fur, prompting some to liken it to the Yeti or Abominable Snowman.
The beast washed up on the shores of the Philippine’s Dinagat Islands on Sunday, on Cagdainao beach.
Residents and tourists alike have flocked to the site to gawk at the incredible sight with some snapping selfies with the creature as it went viral online.
Several suggestions have been put forward as to what the beast may be, with one twitter user, John Paul Garcia, saying: “Globster/Trunko right? Half whale half polar bear?”
He was referencing a similar white and hairy creature which washed up on a beach in South Africa in 1924, which was nicknamed Trunko.
Austin Blanch said: “Think it’s appa. Or a big Shitzu. I could be wrong.”
Appa is a fictional character from Nickelodeon, while another Twitter user, J Flow, likened the animal to the creature from The Never Ending Story.
Despite the wild conspiracy theories, scientists believe it is most likely the rotting remains of a whale.
The Dinagat Islands suffered a strong earthquake which left six people dead and more than 100 injured.
In the aftermath several other rarely seen creatures of the deep have been washed up as a result.
The mammal – weighing more than 4,000lbs – is thought to have died two weeks ago after being hit by a ship.
Its unusual white colour is thought to be caused by an advanced state of decomposition.
Another mysterious sea creature appeared on shores much closer to home – a beach in Charlestown, Cornwall, earlier this week.
Chris Crane was taking a stroll along the seafront when he came face to face with the remains of an unidentifiable animal.
The baffling eight foot carcass had been there for a few days, he believes, due to the odour.
Mr Crane is appealing to any experts in help identifying the washed-up beast.
Some have suggested it is the remains of a pilot whale, while others claim it is the the mythical Cornish sea serpent Morgawr.