Speculative Buy on BLOK After New Wallet Purchase
I bought BLOK: 798,000 tokens for $176.62, implying an average price of $0.0002214 and a market cap around $17.13M. The purchase came from a new on-chain address (0xdB6f..f498) and is visible on the transaction/chart.
I view this as a speculative entry into a low–market‑cap token with upside if momentum and liquidity hold, but also substantial downside risk given the small cap and likely thin order book.
Analysis
Recommendation
I’m taking a small speculative position (buy) but would limit size, set clear risk limits or stop, and watch subsequent on‑chain flows and price action before adding more.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.