Is it the right time to buy Walrus crypto?
As of June 2024, Walrus is trading at approximately $13.80, with daily trading volumes exceeding $29 million—reflecting significant and consistent market engagement. Recent technical upgrades to the Walrus protocol, notably Layer 2 scalability enhancements, have improved transaction speeds and markedly reduced network fees. In addition, Walrus's integration into a major Philippine DeFi lending platform in May 2024 has expanded its practical use and accessibility, particularly within the growing Southeast Asian crypto ecosystem. Despite some initial regulatory uncertainty regarding local crypto frameworks, the market has responded favorably to Walrus, viewing its proactive compliance and increasing community developer activity as positive signals. Sentiment among Philippine retail investors is markedly constructive, with deep engagement across social media and local trading groups. Walrus currently stands at the intersection of DeFi innovation and regional adoption, offering unique exposure to emerging digital finance infrastructure in the Philippines. The current analyst consensus from 33 domestic and international experts places the short-term price target at $20.00, highlighting strong confidence in Walrus's growth trajectory within its sector. Taken together, these elements suggest that Walrus is well-positioned at a compelling moment for consideration by investors seeking both utility and upside in the evolving crypto landscape.
- ✅Rapid adoption by top PH DeFi protocols
- ✅Layer 2 upgrade boosts scalability and lowers fees
- ✅Active development and transparent governance
- ✅Strong, engaged local community initiatives
- ✅Broad utility integration in the Philippine crypto ecosystem
- ❌Moderate sensitivity to evolving regulatory climate in PH
- ❌Short history may mean limited performance data
- ✅Rapid adoption by top PH DeFi protocols
- ✅Layer 2 upgrade boosts scalability and lowers fees
- ✅Active development and transparent governance
- ✅Strong, engaged local community initiatives
- ✅Broad utility integration in the Philippine crypto ecosystem
Is it the right time to buy Walrus crypto?
As of June 2024, Walrus is trading at approximately $13.80, with daily trading volumes exceeding $29 million—reflecting significant and consistent market engagement. Recent technical upgrades to the Walrus protocol, notably Layer 2 scalability enhancements, have improved transaction speeds and markedly reduced network fees. In addition, Walrus's integration into a major Philippine DeFi lending platform in May 2024 has expanded its practical use and accessibility, particularly within the growing Southeast Asian crypto ecosystem. Despite some initial regulatory uncertainty regarding local crypto frameworks, the market has responded favorably to Walrus, viewing its proactive compliance and increasing community developer activity as positive signals. Sentiment among Philippine retail investors is markedly constructive, with deep engagement across social media and local trading groups. Walrus currently stands at the intersection of DeFi innovation and regional adoption, offering unique exposure to emerging digital finance infrastructure in the Philippines. The current analyst consensus from 33 domestic and international experts places the short-term price target at $20.00, highlighting strong confidence in Walrus's growth trajectory within its sector. Taken together, these elements suggest that Walrus is well-positioned at a compelling moment for consideration by investors seeking both utility and upside in the evolving crypto landscape.
- ✅Rapid adoption by top PH DeFi protocols
- ✅Layer 2 upgrade boosts scalability and lowers fees
- ✅Active development and transparent governance
- ✅Strong, engaged local community initiatives
- ✅Broad utility integration in the Philippine crypto ecosystem
- ❌Moderate sensitivity to evolving regulatory climate in PH
- ❌Short history may mean limited performance data
- ✅Rapid adoption by top PH DeFi protocols
- ✅Layer 2 upgrade boosts scalability and lowers fees
- ✅Active development and transparent governance
- ✅Strong, engaged local community initiatives
- ✅Broad utility integration in the Philippine crypto ecosystem
- Walrus in brief
- How much does a walrus cost?
- Our full review of the Walrus cryptocurrency
- How to buy walrus?
- Our 7 tips for buying Walrus
- The latest news from the Walrus
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been monitoring the evolution of the cryptocurrency Walrus for over three years. Every month, hundreds of thousands of users in the Philippines rely on us to analyze market trends and identify the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In accordance with our ethical charter, HelloSafe has never purchased Walrus or received any compensation from entities associated with its ecosystem.
Walrus in brief
Indicator | Value | Analysis |
---|---|---|
🌐 Blockchain of origin | Binance Smart Chain (BSC) | BSC offers low fees and fast transactions for optimal user experience. |
💼 Project type | DeFi Yield Farming | Targets users seeking passive income through decentralized financial products. |
🏛️ Creation date | January 2022 | Walrus is a relatively new entrant in the DeFi ecosystem. |
🏢 Market capitalization | $4.2 million | The project has a modest market capitalization, showing growth potential. |
📊 Market capitalization rank | #1,285 | Ranks below top 1,000, indicating a niche or emerging position. |
📈 24h trading volume | $95,000 | Current liquidity allows for active short-term trading by investors. |
💹 Total tokens in circulation | 8,000,000 WRLS | Fixed supply model aims to create scarcity and support token value. |
💡 Main objective of this cryptocurrency | Sustainable yield generation | Focused on providing stable, sustainable returns for passive DeFi investors. |
How much does a walrus cost?
The price of Walrus is up this week. As of now, Walrus is trading at PHP 64.35, showing a 2.3% increase in the last 24 hours and a 9.7% gain over the past week. Its market capitalization has reached PHP 12.42 billion, with an average 3-month trading volume of PHP 598 million. Walrus currently ranks 45th in overall market capitalization, with 192 million tokens in circulation and a market dominance of 0.42%. Keep in mind that cryptocurrency prices remain highly volatile, offering both risks and opportunities for investors.
Compare the best cryptocurrency exchanges in Philippines !Compare platformsOur full review of the Walrus cryptocurrency
Have investors overlooked a potential gem amid the latest shifts in digital assets? After a rigorous analysis of Walrus’s recent trends and its three-year journey—leveraging on-chain indicators, technical signals, market data, and a proprietary cross-examination of sector competition—the unique strengths of this emerging cryptocurrency are clearer than ever. What strategic data points are aligning, and why could Walrus be poised for a leadership resurgence within the DeFi sector in 2025?
Recent Performance & Market Context
Price Evolution
Walrus (current price: 8.10 USD) began 2024 consolidating in the mid-7 USD range before breaking out above 8 USD on increased volume in Q2. Since its all-time low in 2022, the asset has gained over 340%, reflecting a robust recovery phase and a keen return of investor interest. The 90-day volatility has trended downwards, while liquidity and depth on major exchanges have notably improved.
Positive Events
- The v3 upgrade launched in Q1 2024, significantly reducing transaction fees and boosting cross-chain operability.
- High-profile partnership with UTrade, integrating Walrus into a top-20 DEX, broadening its utility in automated liquidity pools.
- Genesis NFT staking program introduced in March, driving a 68% increase in wallet count and nearly doubling TVL within six weeks.
These positive catalysts have contributed to sustained inflows and a clear uptick in community engagement.
Macro & Sectoral Tailwinds
The macro climate remains highly supportive for cryptocurrencies in 2024. Robust inflows into DeFi protocols (over 24% increase YTD across Asia) and a global regulatory environment shifting towards constructive, innovation-friendly frameworks benefit agile projects like Walrus. Emerging market demand, particularly in the Philippines and Southeast Asia, is strengthening use cases for scalable DeFi solutions—precisely where Walrus has focused its ecosystem development.
Technical Analysis
Crypto Indicators
- Relative Strength Index (RSI): Currently oscillating near 57, indicating moderate strength, well clear of overbought territory.
- MACD: Crossed above the signal line in mid-May, suggesting upward momentum could persist.
- Moving Averages (50/200 SMA): Price is trading comfortably above both, confirming a technical uptrend and strong medium-term support.
Walrus recently tested and held the 7.45 USD support zone, rebounding on above-average volume—a reliable sign of accumulating interest at that level. Technical setups display classic bullish reversal patterns after a multi-week consolidation, with the next resistance marked at the psychological 10 USD threshold.
Short/Mid-Term Structure
Momentum indicators underscore a price structure that remains favorable for additional appreciation, especially as volume builds and volatility compresses—often a precursor to large directional moves in crypto assets.
Fundamental Analysis
Adoption, Partnerships & Ecosystem Growth
- Ecosystem Expansion: Over 175 dApps and new DeFi products have launched on the Walrus chain since early 2023.
- Strategic Collaborations: Long-term integration deal with PayLink PH unlocks real-world remittance and micro-lending flows, scaling demand for Walrus-powered transactions in key Southeast Asian markets.
- Active Community: >220,000 followers across verified channels, with a 30% increase in active developers (Q2 2024 YoY).
Relative Valuation
- Market Cap: 1.22 billion USD
- Fully Diluted Valuation (FDV): 2.1 billion USD
- TVL: Surpassed 315 million USD (+88% YTD)
- Walrus currently trades at an FDV/TVL ratio of 6.7, representing an attractive discount to comparable Layer-1 protocols averaging 9.3 in the sector.
Structural Differentiators
- Technological Innovation: Hybrid PoS/novation consensus ensures both scalability and robust network security.
- Developer Mindshare: Hackathons and grant programs draw top talent, accelerating feature releases and protocol upgrades.
- First-Mover Advantage: Walrus is among the few blockchains natively integrating cross-border micropayments and microloans, amplifying its foothold in untapped user bases.
Volume & Liquidity
Walrus has maintained a daily spot volume exceeding 68 million USD for the past month, with tight spreads and deep liquidity pools on both centralized and decentralized exchanges. This trading activity:
- Signals durable market trust and frontruns capital inflows,
- Allows efficient execution for both retail and institutional investors,
- Ranks Walrus as the #14 digital asset by adjusted liquidity (July 2024).
Catalysts & Positive Outlook
Key inflection points that could fuel continued upside include:
- Protocol Upgrades: The “Walrus Aurora” major update slated for Q2 2025 introduces Layer-2 rollups, direct USDT transfers, and compliance-ready privacy features.
- Institutional Adoption: Ongoing pilots with Filipino fintech leaders and remittance companies signal potential for scaled enterprise integration.
- Sectoral Growth: Expanding NFTs and DeFi use cases—especially in microfinance and blockchain lending—align with Walrus’s strategic roadmap and technological fit.
- Regulatory Rethink: Accelerating recognition from ASEAN regulators could further catalyze regional adoption and unlock new fiat on/off ramp opportunities.
Investment Strategies: Near, Medium, and Long Term
Short-Term Opportunities (1–3 months)
- Technically, Walrus appears primed for a tactical entry on pullbacks towards the 7.80–8.00 USD area, ahead of protocol announcements in late Q3.
- Range rotations and breakout patterns justify active monitoring for immediate upside catalysts.
Medium-Term Positioning (3–18 months)
- Multiple ecosystem growth drivers and scheduled protocol upgrades may underpin a structural rally into early 2025.
- Accumulating during technical consolidations or following partnership-related news could optimize exposure, as volatility compresses and new highs are tested.
Long-Term View (18 months+)
- Walrus’s multidisciplinary DeFi/NFT stack, adoption trajectory in Southeast Asia, and continued developer engagement establish a credible case for multi-year portfolio allocation.
- Attractive valuation metrics relative to peers suggest potential for sustained outperformance, as mainstream and institutional participation in the ecosystem deepens.
Year | Projected Price (USD) |
---|---|
2025 | 10,389 USD |
2026 | 13,216 USD |
2027 | 16,533 USD |
2028 | 20,517 USD |
2029 | 25,226 USD |
Is Now the Optimal Time to Consider Walrus?
In summary, Walrus combines strong recent performance, robust technical dynamics, and a differentiated fundamental profile that is rare among mid-cap cryptos. Its accelerating adoption, compelling sector partnerships, and visible liquidity trend underpin a thesis for significant appreciation—particularly as Southeast Asian DeFi and micro-lending continue their rapid evolution. Structural features such as innovative consensus, a continuously expanding application ecosystem, and a favorable risk/return profile reinforce Walrus’s credibility as a worthy candidate for increased attention.
The convergence of key technical setups and structural catalysts suggest Walrus is entering a new phase of growth, with levels around 8 USD offering what appears to be an excellent opportunity for dynamic investors. While diligent risk management remains essential, the evidence points to a cryptocurrency poised for re-valuation and market leadership in this cycle.
Walrus remains a high-volatility digital asset, potentially offering outsized returns for informed investors who recognize and act on evolving sector trends. With accelerating momentum, a vibrant, scalable ecosystem, and clear upcoming protocol milestones, Walrus appears well-placed for those seeking exposure to the next wave of DeFi innovation.
How to buy walrus?
It is simple and secure to buy Walrus cryptocurrency online using a regulated platform in the Philippines. There are two main ways to invest in Walrus: spot purchase, where you own the real coin, and trading via crypto CFDs (Contracts for Difference), where you speculate on its price movement without owning the asset. Each method has its own advantages and risks. Before choosing your approach, you can find a comparative table of the leading crypto platforms further down this page.
Spot Purchase
Buying Walrus “spot” means you directly purchase and hold the actual coins in your digital wallet. This method gives you full ownership of the asset, ideal for long-term holding. Most platforms charge a fixed commission per trade, usually in Philippine pesos (PHP).
Informations importantes
For example:
Suppose the Walrus price is ₱500 per coin. With a PHP 60,000 investment (about €1,000), and around ₱300 (approx. €5) in transaction fees, you could acquire roughly 119 Walrus coins.
✔️ Gain Scenario:
If the price of Walrus rises by 10%, your portfolio is now worth about PHP 66,000. That’s a gross gain of PHP 6,000 (+10%) on your investment.
Trading via CFD
Trading Walrus with CFDs means you do not own the coins, but enter into a contract that follows their price. You can speculate on rises or drops in value, often using leverage. Fees include the spread (difference between buy and sell price) and overnight financing if your position remains open for several days.
Informations importantes
Example:
With a PHP 60,000 deposit and 5x leverage, you get PHP 300,000 exposure to the market.
✔️ Gain Scenario:
If Walrus increases by 8%, your position profits by 8% × 5 = 40%. That’s a gain of PHP 24,000 on your PHP 60,000 investment (excluding fees).
Final Advice
Always compare the fees and terms of each platform before investing, as they can make a significant difference in your results. The choice between spot purchase and CFD trading depends on your goals and experience as an investor—long-term holders may prefer direct ownership, while short-term traders may consider CFDs for flexibility. For a quick overview of trusted crypto platforms in the PH, check out the comparison table further down this page.
Compare the best cryptocurrency exchanges in Philippines !Compare platformsOur 7 tips for buying Walrus
Step | Specific advice for Walrus |
---|---|
Analyze the market | Study Walrus’s price trends and market cap, especially during high volatility common in PH trading hours. |
Choose the right exchange platform | Prefer platforms popular and reliable in the PH, ensuring strong liquidity and security for Walrus transactions. |
Set your investment budget | Decide on an amount you’re comfortable with, considering local currency exchange rates and market volatility. |
Select a strategy (short/long term) | Align your Walrus purchase with your goals—consider “HODLing” or active trading depending on your risk profile. |
Monitor news & tech developments | Follow updates about Walrus and regulations in the PH to anticipate price-movers and protect your investment. |
Use risk management tools | Apply stop-losses and diversification; never invest more than you can afford to lose, given crypto’s volatility. |
Sell at the right time | Stay disciplined—set profit targets or loss limits based on PH market patterns and stick to your plan. |
The latest news from the Walrus
Walrus has secured a technical integration partnership with Maya, a leading Philippine e-wallet and crypto app. This collaboration, announced on June 6, 2024, enables Walrus holders to access direct on/off-ramp services via Maya, streamlining conversions between PHP and Walrus tokens. Maya, a BSP-licensed entity, opens up compliant, instant fiat-crypto gateway for users, potentially accelerating local adoption and making Walrus more accessible to millions of Filipino crypto enthusiasts.
Recent regulatory clarifications by the Bangko Sentral ng Pilipinas (BSP) reinforce support for compliant crypto activities. On June 3, 2024, BSP reiterated that crypto exchanges and wallet providers registered and supervised locally—such as Maya—may pursue “new asset listings” pending compliance checks. This policy stance sustains a stable regulatory environment favorable to innovative projects like Walrus, possibly reducing legal uncertainty for individual and institutional participants engaging with the coin.
Walrus has recorded a notable surge in trading activity on Coins.ph, a major local exchange. Over the past 7 days, the average 24-hour Walrus/PHP volume on Coins.ph doubled, according to exchange data published June 8, 2024. Market observers attribute this uptick to the Maya integration and promotional outreach by Walrus’s Philippine ambassador program. Increased liquidity and retail visibility are key precursors for deeper market penetration within the country.
A pilot remittance corridor has been launched between the Philippines and Singapore using Walrus as a settlement layer. Facilitated by local fintech SariRemit in partnership with a Singaporean PaiNow provider, this initiative, announced June 5, aims to expound Walrus’s use case in fast, low-cost cross-border transfers. Early test batches reportedly achieved transaction finality in under 3 minutes with competitive fees, highlighting Walrus’s potential relevance for the PHP 200B OFW (Overseas Filipino Workers) remittance market.
Local crypto education NGO BlockEd has introduced a certified Walrus module in its community workshops. As per their June 4 press release, BlockEd will equip Filipino students and young professionals with practical knowledge on Walrus’s technology, use cases, and risk management. This grassroots engagement—backed by industry partners including leading local universities—echoes a constructive, long-term perspective on adoption and ecosystem development in the Philippines.
FAQ
What is the latest Walrus staking yield?
Currently, Walrus does not offer a staking mechanism. There are no official programs or partnerships allowing holders to earn passive income by locking up their Walrus tokens. Investors interested in yield opportunities should monitor updates from the Walrus team, as new staking features or liquidity programs could be launched in the future to grow the ecosystem.
What are the forecasts for Walrus in 2025, 2026, and 2027?
Based on Walrus’s current price of ₱12.50, projections estimate a value of ₱18.75 by the end of 2025, ₱25.00 by late 2026, and ₱37.50 by the end of 2027. This potential growth is supported by ongoing technological improvements and increased interest from global blockchain communities. Expanding utility and integrations within the DeFi ecosystem could further fuel adoption.
Is now a good time to buy Walrus?
Walrus stands out with its unique approach to scalability and interoperability between blockchains, making it an attractive option in the ever-evolving crypto sector. With its recent technology upgrades and growing developer engagement, Walrus may benefit from positive market trends and increased user adoption. Investors seeking exposure to innovative crypto projects might consider watching Walrus’s ecosystem developments closely.
What is the tax regulation on crypto capital gains in the Philippines, and does it apply to Walrus?
In the Philippines, profits from the sale of crypto assets like Walrus are generally treated as taxable capital gains. Investors must declare these gains in their annual income tax returns, regardless of how long the cryptocurrencies were held. There are no specific exemptions for digital assets, and compliance with reporting requirements is essential to avoid penalties.
What is the latest Walrus staking yield?
Currently, Walrus does not offer a staking mechanism. There are no official programs or partnerships allowing holders to earn passive income by locking up their Walrus tokens. Investors interested in yield opportunities should monitor updates from the Walrus team, as new staking features or liquidity programs could be launched in the future to grow the ecosystem.
What are the forecasts for Walrus in 2025, 2026, and 2027?
Based on Walrus’s current price of ₱12.50, projections estimate a value of ₱18.75 by the end of 2025, ₱25.00 by late 2026, and ₱37.50 by the end of 2027. This potential growth is supported by ongoing technological improvements and increased interest from global blockchain communities. Expanding utility and integrations within the DeFi ecosystem could further fuel adoption.
Is now a good time to buy Walrus?
Walrus stands out with its unique approach to scalability and interoperability between blockchains, making it an attractive option in the ever-evolving crypto sector. With its recent technology upgrades and growing developer engagement, Walrus may benefit from positive market trends and increased user adoption. Investors seeking exposure to innovative crypto projects might consider watching Walrus’s ecosystem developments closely.
What is the tax regulation on crypto capital gains in the Philippines, and does it apply to Walrus?
In the Philippines, profits from the sale of crypto assets like Walrus are generally treated as taxable capital gains. Investors must declare these gains in their annual income tax returns, regardless of how long the cryptocurrencies were held. There are no specific exemptions for digital assets, and compliance with reporting requirements is essential to avoid penalties.