WOJAK (WOJAK) jumped 87% in a single day, climbing from a roughly $21.5 million market cap base toward a $50 million resistance ceiling.
WOJAK Price Spike
The move, reported by CryptoNews, caught short sellers off guard and dragged the token 187% higher across a longer timeframe.
Whale wallets did most of the work. Aggressive accumulation tightened the float and absorbed sell pressure at key support, according to data cited by WEEX.
Holder distribution still skews retail. Roughly 68% of wallets hold dust amounts, a structure that rewards momentum but punishes any rotation out.
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Whale Setup, $50M Test
The current market cap sits between $35 million and $40 million, and momentum has cooled. Traders point to $50 million as the line that decides what comes next.
A clean break with volume could open a path toward $100 million and price discovery. A failure likely sends WOJAK drifting back toward the $0.000376 support zone, where thin liquidity could speed the decline.
The token already cleared a $50 million cap once this month before retracing to $43 million, showing how fragile the level is. That history is why position sizing now matters more than narrative for anyone chasing the move.
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