đ„Unveiling Walrus (WAL) CryptoâĄ
đŠWalrus (WAL) is the native token for a decentralized data storage protocol on the Sui blockchain, used for payments, rewards, staking, and governance.
Financials (as of Jan 13, 2026)
âĄPrice: ~$0.15 USD
âšMarket Cap: ~$242 million
âĄCirculating Supply: ~1.58 billion WAL
đ„Total Supply: 5 billion WAL (max cap)
All-Time High: $0.8742 (Mar 27, 2025)
đ„đ„Key Points
âĄPurpose: Offers secure, scalable, and cost-efficient cloud storage for Web3, AI, and NFTs.
đ„Technology: Uses "Red Stuff" erasure coding for secure data distribution and recovery.
âšBacked By: Founded by Mysten Labs (creators of Sui) and supported by investors like a16z.
â ïžPotential Risks:
đ„Fierce Rivalry: Competes with giants like Filecoin and Arweave.
â ïžAdoption Gap: Needs real-world users, not just speculative hype.
âĄSui Reliance: Closely tied to the performance of the Sui network.
đ„Sell Pressure: High volatility and future token unlocks may hit price.
â ïžEarly Stage: High technical and regulatory uncertainty.