WAL, the native token of the Walrus protocol, is generating a buzz after the launch of its mainnet and airdrop

The token also secured listings on several exchanges, including Crypto.com, and is soon to be listed on Upbit, attracting both users to trade and liquidity to the protocol.

The native token of the decentralized storage platform, Walrus, has been a hot topic in recent times, especially after the launch of its mainnet and airdrop. The token, which is known as WAL, has also secured listings on several exchanges, including Crypto.com, and is soon to be listed on Upbit, which is attracting both users to trade and liquidity to the protocol.

For those who are unfamiliar with Walrus, it is a decentralized storage platform that is being developed by Mysten Labs. The protocol is said to offer cost-effective and programmable storage for NFTs, AI data, and more. Recently, the platform launched its Mainnet in partnership with Claynosaurz, a Web3 animation brand, to create dynamic and interactive content for users. This news was covered by ChainPro earlier today.

Furthermore, the storage platform has raised $ 140 million from Standard Crypto and a16z for a high-speed storage network. It is built on the SUI Network with a smart contract.

The integration with the SUI blockchain has prompted some to compare $WAL to “Filecoin meets Celestia.” It is also worth noting that $WAL is utilizing SUI’s “Move” programming language, which is designed for secure and efficient asset management, a key component in a decentralized storage system.

As for the token drop, it occurred on 25 March 2025, meaning the project is still in development.

With regards to Token Supply: the total supply of $WAL tokens will be 5 billion. 10% of the total supply is allocated for users. 4% of this was distributed through an $100M+airdrop to eligible users.

However, on-chain researchers have identified a whale that has been on a buying spree, consistently accumulating $WAL tokens.

The wallet holder 0xf7c2...e634 began buying when the price was around $0.42 and continued even when the price rose to $0.54.

The accumulated $WAL tokens, valued at around $845,000 (still growing), are being moved in small transactions to another wallet.

Those in the know explained that the whale is transferring the tokens in batches of 100,000 to 200,000 to a new wallet, signaled by a series of transactions.

suggesting an attempt to diversify or manage the holdings.

This could indicate an interest in another project or a strategic move to avoid attracting attention.

The implication of this is that the whale might be aiming to sell the tokens later on for a profit, especially given the recent price increase.

Alternatively, the whale could be planning to hold onto the tokens for the long term, hoping for a significant appreciation in value.

This is a common strategy among whales who have a strong belief in a project and want to capitalize on its future growth.

As for the long-term potential of the Walrus token, it remains to be seen how the project will develop and whether it will be able to live up to the hype.

However, the fact that the project has already secured funding from prominent venture capitalists and has launched its mainnet is a promising sign.

Moreover, the integration with the SUI blockchain could provide the project with access to a large and engaged community of users.

If Walrus manages to execute its vision for decentralized and programmable storage, the Walrus token could play a significant role in the future of Web3.