WOJAK Price Soars 87%, Hits $35M Market Cap Amid Whale Accumulation

The cryptocurrency WOJAK has experienced a significant surge in price over the past 24 hours, increasing by 87%. This sudden jump has brought its market capitalization to around $35-$40 million, with traders now eyeing the $50 million resistance level. According to data from WEEX, whale wallets were responsible for most of the accumulation, which helped tighten the float and absorb sell pressure at key support levels.

The current holder distribution still skews towards retail investors, with around 68% of wallets holding small amounts. However, this structure may actually reward momentum but punish any rotation out. As a result, traders are now pointing to the $50 million level as the next major hurdle for WOJAK's price action.

A clean break through this resistance could potentially open up a path towards $100 million and further price discovery. Conversely, if WOJAK fails to clear the $50 million mark, it may drift back towards the $0.000376 support zone, where liquidity is thin and a decline could accelerate.