Gate News Bot Message, January 09: According to CoinMarketCap data, at the time of press, WAL (Walrus) is trading at $0.16, up 13.92% in the past 24 hours, with a high of $0.16 and a low of $0.13. The 24-hour trading volume reached $58.7 million. The current market capitalization is approximately $245 million, an increase of $29.9 million from yesterday.
Walrus is a developer platform for data markets empowered for the AI era, dedicated to making global data reliable, valuable, and manageable. Built on the Sui chain, Walrus offers cost-effective data storage, accessible anytime and anywhere, efficient read/write performance, and data verifiability. The platform supports storage of various data types including websites, images, documents, music, ledger data, podcasts, datasets, videos, and blockchain archives. Walrus has partnered with multiple ecosystem projects such as Decrypt, Talus, Itheum, Linera, providing solutions for AI, data economy, DeFi, content, and media sectors. The Walrus Foundation has raised $140 million from Standard Crypto and a16z to support the development of high-speed storage networks.
Recent important news about WAL:
1️⃣ Grayscale Trust Product Launches to Support Institutional Deployment
Grayscale has launched the WAL Sui protocol trust product, marking recognition of WAL by mainstream asset management institutions. The launch of institutional-grade trust products provides compliant participation channels for professional investors, helping attract more institutional funds and supporting the token price upward.
2️⃣ Exchange Ecosystem Expansion Enhances Liquidity
The WAL token is now listed on multiple major trading platforms. The expansion of the exchange ecosystem significantly improves market liquidity. The 24-hour trading volume of $58.7 million reflects increased investor participation, and higher liquidity benefits the price discovery process.
3️⃣ AI Data Market Sector Outlook Drives Valuation Increase
As a data storage and management platform designed for the AI era, Walrus positions itself as an AI-era data infrastructure. With the rapid development of AI applications, the demand for reliable and efficient data storage is growing. The long-term growth potential of this sector attracts market attention and has become a key fundamental support for the recent price increase.
This message does not constitute investment advice. Investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
JPMorgan: Bitcoin absorbs Iran war hedge funds, gold ETF experiences significant outflows
JPMorgan report indicates that due to the Iran conflict, Bitcoin outperformed gold and silver, the latter of which experienced significant declines due to rising interest rates and a strong dollar. Gold's high-position holdings were forcibly liquidated under market pressure, leading to capital outflows. Bitcoin remained stable, demonstrating its appeal as a safe-haven asset, especially amid geopolitical tensions. The report also emphasizes that Bitcoin's market liquidity has surpassed gold, indicating an improvement in its structural position.
MarketWhisper26m ago
Why did Bitcoin drop today? Trump extends Iran ceasefire period by 10 days, negotiations face disagreements.
U.S. President Trump extends the ceasefire period with Iran until April 6, but Iranian officials deny the request, leading to continued market pessimism about the prospects of negotiations. As the U.S. 10-year Treasury yield rises to 4.42%, the attractiveness of high-risk assets like Bitcoin diminishes, preventing a rebound and instead continuing to face selling pressure. The market is sensitive to liquidity conditions, and in the short term, attention should be paid to the direction of yields and spot demand.
MarketWhisper31m ago
Today, the cryptocurrency Fear & Greed Index rose to 13, indicating extreme fear in the market.
Gate News reports that on March 27, data from Alternative.me shows that today’s cryptocurrency Fear and Greed Index has risen to 13, indicating the market is in a state of "extreme fear." Yesterday, the index was 10, also in the "extreme fear" zone.
GateNews56m ago
23.91% Plunge for KMD: What It Means for Traders
KMD has seen a significant decline, trading at $0.005324 after dropping 54.20% in 24 hours. Increased market activity and liquidation events in the derivatives market are contributing to the volatility, prompting traders to focus on risk management.
Coinfomania1h ago
MemeCore Price Volatility Explodes After Hardfork and Perp Listing Surge - BTC Hunts
The post MemeCore Price Volatility Explodes After Hardfork and Perp Listing Surge appeared first on Coinpedia Fintech News
MemeCore price just pulled off one of those blink-and-you-miss-it moves. A brutal 65% intraday surge sent the token flying from $1.70 to $2.80 only to slam straight into a
BTCHUNTS1h ago
The situation in the US-Iran war worsens, oil prices rise by 4%, and the surge in US Treasury yields impacts US stocks, causing them to fall.
Due to the worsening Middle East situation and soaring U.S. Treasury yields, concerns about inflation have intensified, causing the U.S. stock market to retreat and turning the sentiment cautious. Energy stocks rose against the trend, and crude oil prices broke through $100 per barrel, further fueling market panic. U.S. import prices experienced their largest increase since 2022, and postal services raised fuel surcharges, drawing attention to the consumer confidence index. The Federal Reserve chair succession process has stalled amid political disputes, and the cryptocurrency market remains flat as investors stay on the sidelines.
ChainNewsAbmedia3h ago
