2026-01-21 06:23:33

Recently, I paid attention to Walrus's market performance, and the data is indeed quite interesting.

This project, positioned as "decentralized storage infrastructure," secured $140 million in funding, but in the past 22 hours, it has actually dropped by 4%. Even more interesting is that within a short period, 83,000 USDT of funds are accelerating their withdrawal, with large holders selling off accounting for 35.8%. While capital is still pouring in lavishly, retail investors have already started to run away. Such a contrast is indeed rare in the crypto world.

It seems that two forces are pulling here: on one side, institutional confidence and increased investment; on the other side, the market is voting with its actual actions. Who is really wrong about Walrus's future?

After reviewing some technical details of the project, there are a few highlights worth noting. Walrus is a decentralized storage solution built on the Sui chain, with the core selling point being the use of erasure coding technology to reduce costs below traditional cloud storage levels. From existing cases, Humanity Protocol has migrated millions of identity credentials to Walrus, which demonstrates the technical usability has been validated.

But the problem is—crypto circles have never ranked projects based solely on technical strength. What determines a project's popularity is often where the market's current hot spots are. Who is still seriously discussing "storage infrastructure" these days? AI concepts are still hot, meme coins can easily see tenfold gains in just a few days, and everyone is looking for assets that can be quickly monetized.

The dilemma in the storage track is exactly this: it’s like a city's power grid—indispensable but never sexy. People need it, but they won't enthusiastically rush in just because "the infrastructure is well built." Without a short-term explosive mechanism, funds naturally flow to other tracks. Walrus's predicament may well be the reality that all storage infrastructure projects have to face in this market cycle.

WAL1,67%

SUI2,74%

MEME0,79%

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NeverVoteOnDAO

· 16h ago

Big whales are leaving, retail investors are leaving too. Is this all for 140 million in funding? The crypto world really rides the wave to make a profit. Institutional vision clashes with market actions—it's truly incredible. To put it simply, there's no story, no imagination space. No matter how advanced the technology is, it's all in vain.

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ZenMiner

· 16h ago

Big whales run away, retail investors get stuck holding the bag. This trick has been seen too many times. 140 million in funding can't save it either; the crypto world is just that brutal.

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SwapWhisperer

· 16h ago

Big investors run away while retail investors are still taking the bait, I'm tired of this routine. Infrastructure projects are inherently doomed to be forgotten. No matter how advanced the technology is, it’s useless; the crypto world just falls for this trick. Raising 140 million yuan and still falling—how embarrassing is that? Storage infrastructure really has no demand; after all, it’s neither AI nor Meme. Everyone is chasing tenfold returns, who cares if your power system isn’t sexy. Do institutional investors and retail investors really have such different ideas? I think even the institutions haven't figured it out clearly. These projects in the Sui ecosystem are like this—hot when the hype is there, then ignored when it cools down.

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BearWhisperGod

· 16h ago

1. Investing 140 million and still falling, this script is really well written 2. Big players are leaving faster than retail investors, what does that mean... institutions are not fools either 3. Storage infrastructure is always the most awkward one, no one is crazy about infrastructure 4. No matter how strong the technology is, it's useless; the trend is king, who is paying attention to storage now 5. This is the reality of the crypto world, quick money always wins over infrastructure 6. The speed of capital withdrawal is so fast, indicating no one believes it can surge short-term 7. Institutions are optimistic but retail investors are fleeing, both sides are betting the other is wrong 8. Meme coins tenfold in a week vs. stable infrastructure operation, either choice is understandable 9. The power system analogy is brilliant; people need surprises, not stability 10. Perhaps the problem is not Walrus at all, but the entire track is just an unpopular commodity

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ValidatorViking

· 16h ago

walrus taking fire but honestly... the erasure coding tech is legit battle-tested. problem isn't the infrastructure—it's that nobody wants boring. everyone's chasing memes while actual utility gets starved.

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