Walrus (WAL ($0.25)) has caught investor attention again after a strong weekly gain of over 22%. The token is currently priced at $0.2505, marking a steady climb from its early October low. Despite a minor pullback today, the overall sentiment around WAL remains bullish as market interest and trading activity stay elevated.

While WAL has had an impressive week, the slight drop in daily price comes as part of a normal market correction following rapid gains. Over the last 24 hours, WAL traded between $0.2417 and $0.2607, showing intraday volatility as traders lock in profits. Even with the brief dip, the market capitalization rose 0.33% to $370.56 million, supported by significant trading momentum.

The 24-hour trading volume hit $4.7 billion, a 29.15% increase, underscoring intense trading activity on SUI ($2.51)-based exchanges. The volume-to-market cap ratio of 1286.22% highlights how active WAL’s trading pairs have become compared to its overall market size. This level of engagement suggests that short-term traders are taking advantage of price swings while long-term holders maintain confidence.

Strong Fundamentals and Growing Demand

Walrus currently has a circulating supply of 1.47 billion WAL out of a total and maximum supply of 5 billion. This balance allows for sustainable token availability without immediate oversupply pressure. The project’s fully diluted valuation (FDV) stands at $1.25 billion, showing investor optimism about its potential future value as the ecosystem expands.

Moreover, the unlocked market cap of $369.55 million closely mirrors its current cap, indicating that most circulating tokens are already active in the market. This transparency helps maintain stability and builds investor trust, especially within the SUI network community.

Strong Support Levels Fuel Walrus’s Recovery

Just two weeks ago, WAL recorded its all-time low of $0.07815 on October 10 but has since surged more than 219%. Although it still trades about 71% below its all-time high of $0.8742 from March 2025, the rebound demonstrates resilience and renewed investor confidence in the project’s long-term potential.

Walrus (WAL) is showing strong signs of recovery and renewed investor enthusiasm. With trading activity spiking and the token holding above key support levels, momentum remains firmly in the bulls’ favour. If current trends persist, WAL could see further appreciation as more traders and investors take an interest in its growing presence on the SUI blockchain.

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