Walrus (WAL) is the native token of a decentralized storage protocol built on the Sui blockchain, targeting scalable, low-cost, programmable data storage for Web3 apps, AI datasets, NFTs, and media. The network uses advanced erasure coding and Sui’s high-speed chain to fragment and distribute data securely, with WAL used for payments, staking, and governance, and incentives for node operators.
Recent catalysts include integration with Sui’s AI stack and a Binance-led campaign that temporarily boosted trading, but price action has been mixed, with resistance around the $0.15 zone and potential sell pressure post-campaign. Technical indicators show short-term momentum but long-term levels remain well above current prices.
Fundamentally, Walrus benefits from strong backing (e.g., top VCs) and efficient storage economics versus rivals like Filecoin, and may help burn SUI through storage fees—adding a deflationary angle. However, adoption hinges on real developer usage, ecosystem growth, and converting speculative interest into sustained demand.
