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Walrus Breaks Through the Red-Hot Market: What's Driving the Impressive Growth?
While most of the crypto market is in the red, there are always names that go against the trend and catch investors’ attention. One of the most prominent projects in the past 24 hours is Walrus (WAL) – a token that has increased by over 14% despite the negative sentiment dominating the entire market. So what is behind this impressive surge? What is Walrus (WAL)? #Walrus is a relatively new project but is attracting strong interest due to its focus on a very important piece of Web3: decentralized data storage. In the context of AI (AI), metaverse, and Web3 applications increasingly developing, the demand for large-scale data storage such as videos, images, audio, and AI models has become more urgent than ever. Walrus was created to address this issue by providing a storage infrastructure: DecentralizedHigh securityScalableRespect for user privacy A special feature of @WalrusProtocol is that the project is built directly on the Sui (SUI) blockchain – a high-performance layer-1 network, considered a formidable competitor to Ethereum and Solana in the future. Sui stands out with: Extremely fast transaction processingLow feesOutstanding scalabilityOptimized architecture for large-scale Web3 applications Thanks to this, Walrus has a solid technical foundation for long-term development. Notable Price Movements Although it was only launched on March 27, WAL quickly created a buzz in the investment community. Initial price: around $0.36All-time high (ATH): $0.61Then adjusted according to the overall market trendCurrently trading around $0.46 After the correction phase, WAL is showing very strong signs of recovery. The increase of over 14% in just 24 hours amid a weakening market signals that capital is starting to flow into projects with real fundamentals. Market Cap Near the Top 100 As of now, Walrus’s market cap has reached approximately $575 million, bringing the project very close to the top 100 largest coins in the market – an extremely impressive achievement for a token that has been launched for less than a month. This indicates: Investors have high expectations for Walrus’s long-term potentialDecentralized storage is becoming a strategic trend in Web3The Sui ecosystem is attracting strong capital flow Why Is Walrus Gaining Attention? Several factors are strongly supporting WAL’s upward momentum: