$WAL may need to take action soon.
@WalrusProtocol @Walrus_CN recently announced two major news:
2025-8-12: Grayscale announced the launch of the $WAL trust
2025-8-13: Walrus Kaito leaderboard officially launched
The release of these two major news items in succession makes it hard not to feel that they were well-prepared.
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 continued to rise, reaching a new high of $4.9 on January 9, 2025. The current Sui price is $3.96.
What is the motive for the pump?
On March 20, 2025, Walrus raised $140 million through a token sale, and the foundation sold 7% of the total token supply at a fixed price of $0.4. This portion of tokens is locked for 1 year, and starting in March 2026, these 7% of tokens will be fully unlocked within a month.
Current $WAL price: $0.45
The Walrus team must operate the $WAL to an appropriate point before the expiry, 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 pumping ability?
In terms of chip structure, the top 100 addresses hold 82.6% of $WAL tokens, and 70%+ of tokens are still locked in the foundation and team. The current circulating supply is 1.41 billion (28.3%), and the holdings are relatively concentrated.
Additionally, MystenLabs' operational capability has been validated countless times. From Sui's successful path, they know well how to promote token value realization through ecological construction, partnerships, and market operations.
How can retail investors participate?
The first type is risk-free Kaito yap. Currently, the official has not clarified the reward details, but it has revealed that stablecoins will be used for incentives instead of $WAL tokens.
The second type is purchasing on the secondary market. I dare not give advice, lest you lose and blame me; do your own research and take responsibility.
The third type is the second season of the airdrop event. In the $WAL token economics, 6% of tokens are reserved for future airdrops, but there is still 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 the crypto market has many variables, at least from a logical perspective, the conditions for $WAL have matured.
