Walrus Falls 8.57% to $0.058 in 24 Hours, Market Cap Drops to $137M

According to CoinMarketCap, Walrus (WAL) fell 8.57% over the past 24 hours to trade at $0.058, with its market capitalization declining to $137 million. The decline extends a 14-day slide that has seen the Sui-based storage token lose more than 20% of its value since mid-May.

Over the past week, WAL lost approximately 11%, underperforming the broader crypto market, which declined 1.6% over the same period, according to CoinGecko. Bitcoin's drop below $73,000 and $1.5 billion in weekly exchange-traded fund outflows are amplifying selling pressure in smaller-cap tokens like WAL.