The cryptocurrency $FWOG has experienced notable volatility, with its market value fluctuating from $2 million to $400,000 before recovering to approximately $1.2 million. Recent trading activity suggests that investors are watching for a potential second wave of price increases. One trader indicated that $FWOG is at a pivotal area for long positions, while another noted the uncertainty in predicting the timing of any upward movement. Additionally, OXFUN announced a trading promotion for $FWOG, offering a 70% loan-to-value ratio with a $2 million limit and allowing futures trading with 15x leverage.