2026-01-11 19:21:07

Recently, $WAL has moved down from its high levels, and market sentiment has become polarized. But beneath the surface noise, what truly matters is what is quietly happening at the underlying level.

**The True Intent Revealed by On-Chain Data**
On-chain data is crystal clear—recently, funds have been continuously flowing in net, with frequent large transactions. This is not the behavior of retail traders acting alone; it’s clearly institutions building positions in a measured way at low levels. Meanwhile, the 29.9% APR staking yield is effectively locking in long-term supporters. The reduction in circulating supply pressure offers significant potential support for the price.

**Evolution from Storage Tool to AI Privacy Foundation**
Walrus is no longer just a simple decentralized storage story. By combining erasure coding technology with Talus, it is building the foundational layer for privacy data in the Web3 era. When AI agents require secure, verifiable, and censorship-resistant data environments, Walrus’s solution perfectly fills this gap. The positioning is very precise.

**Institutional Investment with Real Money**
a16z, in its 2026 industry outlook, lists privacy as a core track and specifically endorses Walrus’s solution. More convincingly, Grayscale’s Walrus trust has already reached a scale of $400 million. These "smart money" are not just talking—they are voting with real dollars.

**Mutual Achievement with the Sui Ecosystem**
Walrus itself is a storage hub within the Sui ecosystem. Interestingly, the protocol’s data writing process continuously destroys Sui tokens, creating a natural symbiotic flywheel. The more active the ecosystem, the greater the demand for Walrus, and the more solid the overall system’s value support becomes.

WAL-0,85%

SUI0,62%

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BlockchainBouncer

· 01-11 21:42

I’ve seen through this low-position building strategy long ago; institutions play it this way. 29.9% APR... Honestly, it's tempting, but you have to watch out for being tricked. Even a16z agrees, isn’t that enough? The privacy track is indeed the future. If the Sui ecosystem's flywheel starts turning, WAL might really have some room for imagination.

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DeFiGrayling

· 01-11 19:49

The low-position building pace is so steady, institutions are really placing bets, and the 29.9% APR is incredible.

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ForkTongue

· 01-11 19:48

29.9% APR really able to lock people in? I think more is that the little guys are being locked, and big players have already cashed out. Grayscale's 400 million trust sounds impressive, but the real question is how long Walrus's token economic model can last. Erasure coding + AI privacy—this narrative is old news. Isn't it just a rebrand to hype the concept? The Sui ecosystem flywheel sounds good, and the token burn is well written, but what about the actual adoption rate? No one says. Building a position at a low point is fine, but how much does the price need to drop to be considered the real bottom?

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ser_we_are_ngmi

· 01-11 19:47

Large-scale continuous net inflow +29.9% APR, smart money has already been rhythmically building positions at the lows, retail investors are still struggling with the decline --- a16z has also endorsed the privacy track, Gray's $400 million Walrus Trust, this is not just a story, it's real gold and silver --- Isn't it just waiting for the ecosystem to activate the data destruction flywheel? It's not early to get on board now --- With a 29.9% staking yield so impressive, those who are long-term optimistic are locked in, and the circulating supply pressure is indeed easing --- Once the Sui ecosystem and Walrus's symbiotic flywheel start turning, the potential for growth is truly significant --- Evolving from storage tools to AI privacy foundations, this positioning is indeed precise, and on-chain data is also speaking --- Surface noise vs. underlying position building, there's a big difference—it's time to see clearly who is truly betting --- Institutions have already voted, and those still shouting about a decline just haven't seen it clearly

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ETHmaxi_NoFilter

· 01-11 19:43

Large funds are building positions rhythmically at low levels. I've seen this routine many times, but the real test is whether there is a story to support it later on. Grayscale's trust scale of 400 million USD is indeed noticeable, but the recognition of a16z's "Privacy Core Track" is questionable. These days, everyone claims to be working on privacy. I buy into the logic of the AI data privacy foundation, but for Walrus to truly scale up, it depends on whether there are practical applications within the ecosystem. It can't just rely on Sui destroying tokens as a self-congratulatory flywheel. A 29.9% APR locked staking sounds attractive, but it also means the risk pricing is already high. Building positions at low levels and high-yield staking are often two sides of the same coin. Let's see what the subsequent on-chain data says. Real net inflow data is more convincing than all interpretations.

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