WAL (Walrus) is currently navigating a high-volatility phase. The token has suffered a -27% drop over the last 30 days, largely following the broader crypto market's "risk-off" sentiment as Bitcoin tested the $75,000 range.
However, the protocol fundamentals remain interesting. Built on the Sui network for decentralized storage (competing with Filecoin/Arweave), WAL is starting to see institutional interest via the Grayscale WAL Trust. The recent 7.6% bounce from the lows suggests that the "weak hands" have been shaken out. A breakout and hold above $0.10 would confirm a trend reversal.