Point Farm Capital: $10M STONK Float Profit

Point Farm Capital turned a $1M USDC allocation into $10M in floating gains on STONK after accumulating 37.21 million tokens at a $21M average market cap; the position now sits at a $240M valuation.

Price action on the 4h chart shows STONK trading at $0.27 inside the Bollinger Bands with upper resistance at $0.35 and lower support at $0.16, while the EMA50 at $0.19 and EMA200 at $0.08 anchor the bullish structure; RSI at 54.84 remains neutral even as the MACD prints a death cross at 0.03, suggesting any near-term pullback will likely find bids at the 50-EMA before the next leg higher.