Why is the WAL price going up
@Walrus 🦭/acc #WALRUS #WAL $WAL
Let's review the available price data. Real-time information shows that the WAL price is $0.150, with a 24-hour change of -0.856%. This indicates a decrease, not an increase. There seems to be a misunderstanding, as the question mentions an increase in the last 24 hours, but the current data shows a decline. Let's analyze this further.
If we look at the change over the last 7 days, we see an increase of +8.61%, so perhaps the person is referring to the weekly behavior rather than the last 24 hours. However, the question is specific about the past day, and during that period the price has actually decreased.
Regarding the news, on January 9, 2026, Binance Square reported that WAL had a 15.17% increase in 24 hours, reaching $0.156, accompanied by a 472% increase in daily trading volume. This indicates that there was strong momentum at the beginning of the month, but the current data corresponds to January 14, so there may be a difference at the time of the inquiry.
Additionally, on January 13, 2026, it was announced that the Sui Foundation launched on-chain infrastructure for artificial intelligence, a development that could be influencing interest and activity in WAL. There is also an ongoing Binance campaign that started on January 6 and extends until February 6, which likely keeps trading volume high.
From a technical standpoint, indicators like MACD and RSI show bullish signals, suggesting a positive sentiment in the market. However, the decline in the past 24 hours may be due to a temporary correction or that some investors are taking profits after the recent rally.
In summary, although the price of Walrus (WAL) has slightly decreased in the last 24 hours, the weekly performance is positive thanks to factors like the Binance campaign driving trading volume, recent news about technological advancements from Sui, and favorable technical signals. It is possible that the person who asked may have confused the timeframe or is observing a rebound that occurred days ago.