On October 10, the $WAL Coin (Walrus), listed as the 30th Hodler Airdrop project on BinanceTR, has been frequently appearing on the timeline since that day, have you noticed?

I thought since it's being talked about so much, let's take a look at what it is and what it isn't, let's examine it together 👀

On October 10, WAL was also listed on #BinanceTR, thus allowing investors in Turkey to access it quickly.

During the listing, WAL/TRY and WAL/$USDT pairs were opened and the trading volume was quite intense in the early days. This especially shows how high the interest of local investors is.

This project is not a classic "we launched a coin, let's see what happens" style.

In fact, it is an infrastructure project based on data storage and security in the Web3 world.

In summary: it operates with the logic of "securely store your data on the chain".

What is it used for? 🤔

Walrus offers developers and companies the opportunity to store data on the chain.

The token used for these transactions is also WAL.

So this coin acts as a means of payment within the system.

A Few Key Facts 👇

🩸 Circulating supply: 1.48 billion WAL

🩸 Maximum supply: 5 billion WAL

🩸 Market value: around 350 million dollars

🩸 After the listing on Binance TR, the daily trading volume rose to several million dollars

What Happened Recently? 🧐

WAL experienced a brief activity after being listed on Binance TR 🚀

The price rose rapidly, then the market naturally stabilized a bit, and the price is currently progressing more calmly.

With the effect of the listing, trading volume and liquidity increased; this became an attractive move for investors in the short term.

So in short: the initial reaction was swift, then we can say the market found its own balance.

Let's summarize 🤓

WAL Coin is a data storage-focused project on the Web3 side.

It has a token used within its ecosystem and is currently under development.

I shared this for informational purposes, it is not investment advice ‼️

But I think it is an interesting example in the realm of "infrastructure coins" 👀

#Cryptomarket #Bitcoin