Technicals (token mechanics, not price): Walrus publishes max supply 5B $WAL and initial circulating 1.25B, so starting float is ~25%. Using the posted percentages, you can sanity-check future supply paths: ~2.15B Community Reserve, 500M User Drop (fully unlocked), 500M Subsidies (linear 50 months), 1.5B Core Contributors (with cliff/vesting), 350M Investors (unlock 12 months post-mainnet).

Treat major unlock milestones like macro catalysts and compare them to storage-demand growth and staking participation. @Walrus 🦭/acc #Walrus