$WAL may be about to take action.
@WalrusProtocol @Walrus_CN recently announced two major news:
2025-8-12: Grayscale announced the launch of the $WAL trust.
2025-8-13: The Walrus Kaito leaderboard officially went live.
With these two major news released in succession, it's hard not to feel that this was planned.
From my years of experience with the Sui team, the concentrated release of good news is often just the prelude.
For example, on August 7, 2024, Grayscale launched the Sui trust, and at that time, the Sui price was $0.61. After that, Sui rose all the way and reached a new high of $4.9 on January 9, 2025. Currently, the Sui price is $3.96.
What is the motivation for the price surge?
On March 20, 2025, Walrus raised $140 million through a token sale, with the foundation selling 7% of the total token supply at a fixed price of $0.4. This portion of tokens has a 1-year lock-up period, and starting from March 2026, these 7% of tokens will be fully unlocked within a month.
Current $WAL price: $0.45
The Walrus team must operate $WAL to an appropriate level before the expiration; otherwise, it will be difficult to explain to participating investment institutions, including Standard Crypto, a16z crypto, Franklin Templeton Digital Assets, etc. (all major institutions).
How is the price surge capability?
In terms of chip structure, the top 100 addresses hold 82.6% of $WAL tokens, with 70%+ of tokens still locked in the foundation and team. The current circulation is 1.41 billion tokens (28.3%), with a relatively concentrated holding.
Additionally, MystenLabs' operational capability has been validated countless times. From Sui's successful path, they are well aware of how to drive token value realization through ecosystem building, partnerships, and market operations.
How can retail investors participate?
The first way is risk-free Kaito yap. The official details of the rewards have not yet been clarified, but it has been revealed that stablecoins will be used for incentives, rather than $WAL tokens.
The second way is to purchase on the secondary market. I dare not give advice, lest you lose and blame me; do your own research and take responsibility.
The third way is the second season of the airdrop event. In the $WAL token economics, 6% of tokens are reserved for future airdrops, but there is currently no news about the second season airdrop event.
From the time window perspective, there are about 8 months left until the private placement token unlocks, which gives the team ample operational space. Although there are many variables in the crypto market, at least from a logical standpoint, the conditions for $WAL have matured.
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