Market Position and Valuation
As of February 3, 2026, the Walrus (WAL) token occupies a mid-tier position in the cryptocurrency market. It currently ranks around #165 to #300 by market capitalization, depending on the day's volatility. Its Market Valuation (Market Cap) fluctuates between $150 million and $170 million USD, with a fully diluted valuation (FDV) nearing $470 million.
Built on the Sui blockchain, WAL serves as a decentralized storage protocol. Its value is fundamentally tied to the demand for Web3 data storage and its integration with AI datasets.
Market Stability and Performance
Price Action: The token is currently trading at approximately $0.091 to $0.094. It has recently faced a bearish trend, dropping about 23% over the last week, which is common for altcoins in high-fear market cycles.
Liquidity: With a 24-hour trading volume of roughly $15–$16 million, it has decent liquidity on major exchanges like Binance, Bybit, and OKX, allowing for smoother entries and exits for retail traders.
Stability Outlook: While its partnership with the Sui ecosystem provides a strong foundation, WAL remains a high-volatility asset. The market is currently seeing a "sell-side" pressure due to linear token unlocks from its community reserve, which can limit rapid price growth.