Lookonchain: Wallet Opens $643K 5x Long on W

Lookonchain flagged a fresh wallet (0x2f59) that booked more than $1M in unrealized gains on a 3x STRK long opened the prior day and has now shifted to $W, entering a 5x long on 28.88 million tokens valued at $643K six hours ago.

$W trades at $0.02 on the 4h chart inside a bullish structure with price testing the upper Bollinger Band resistance at $0.02 while RSI(14) sits at 78.21 in overbought territory and MACD has printed a golden cross; the 50-EMA at $0.02 acts as immediate support and the 200-EMA at $0.01 as deeper floor, suggesting a healthy pullback to the 50-EMA before any extension higher.