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I'm pretty sure it's meant to symbolize Necrozma, but I'm afraid of getting hyped for a new form just in case the image is symbolic, like "Necrozma is watching over/exerting its influence on Alola now." The fact that the eyes are noticeably similar yet still very distinct from its known form...

Someone linked this on Reddit, and now that I look at it, it does really look like it could be Necrozma's eyes, mostly because of the colors - the yellow/green doesn't match exactly, but having red and orange on the right with purple and blue on the left is pretty convincing.