# Wallet Opens 5x Long Position Covering 28.88 Million W Tokens Valued at $643,000

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/29986
Published: 2026-10-12T02:00:34.000Z
Updated: 2026-10-12T02:00:34.000Z
Section: Investing

> W rose 25% that day. The wallet previously held a 3x long position covering 24.42 million STRK tokens with $1.05 million in unrealized profit.

A crypto wallet opened a five-times leveraged long position covering 28.88 million W tokens, with a position value of $643,000, as W rose 25% that day.

The position was opened six hours before the update at 9:56 p.m. ET Sunday (01:56 UTC Monday).

The wallet previously used three-times leverage to hold a long position covering 24.42 million STRK tokens. That position showed $1.05 million in unrealized profit.