2026-01-18 09:27:21

WAL's story of decentralized storage is indeed appealing, but on-chain data reveals the truth.

The top ten addresses hold an astonishing amount of tokens, and when whales slightly turn, the market has to tremble. With such a high concentration, there's basically no real decentralization. What's more heartbreaking is that millions of tokens are unlocked daily and poured into the market—like constantly poking holes into a balloon that's already full, it’s bound to burst sooner or later.

An annualized staking yield of 49.7% sounds especially tempting, right? But think carefully—this isn't a discount; it's a bait. What is the essence of high returns? It's to make you lock your tokens honestly, so that the whales can comfortably dump their holdings.

So the problem lies here—fundamentals and technicals are completely disconnected. The story can inflate the market bubble, but ultimately, selling pressure will push the price down.

**What’s the outlook?** Slightly bearish, but don’t be reckless.

**Why?** Whale holdings + daily unlocks = huge selling pressure hanging overhead. Any rapid rise without sufficient trading volume is a red flag.

**How to operate?** Entering short positions on rallies is much more reliable than blindly chasing longs. For example, if the price suddenly jumps above $0.16 but trading volume can't keep up, that’s a good observation point.

**Final words:** Light positions are the baseline; always keep an eye on large holders’ on-chain movements. The risk of being stepped on by this coin can come unexpectedly.

WAL-8,92%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

7 Likes

Reward
7
3
Repost
Share

Comment

0/400

NeverVoteOnDAO

· 16h ago

49.7% profit, I damn really don't believe it, this is just a big trap

View OriginalReply0

OldLeekConfession

· 16h ago

No matter how good the story sounds, it can't hide the fact that millions are being dumped every day. That's the real truth. --- 49.7% returns? Haha, it's just a cover. The tighter the lock-up, the more comfortable the whales are to sell off. --- When whales turn around, the market trembles. What's there to talk about decentralization? --- High concentration like this, and still claiming a storage revolution? That's ridiculous. --- The price skyrocketed to 0.16, but the trading volume is still dead silent. At that point, you need to be extra cautious. --- Daily unlocking and dumping into the market—this balloon will burst sooner or later. I think this situation is risky. --- With such heavy selling pressure, it's safer to go long at higher levels. Don't blindly chase after this. --- High returns essentially mean you're just waiting to get caught. The tricks are too obvious. --- All the on-chain data is right here, yet some still believe in those stories. I just can't understand. --- Monitor with a light position; any upward move must be confirmed by trading volume, otherwise it's a trap.

View OriginalReply0

MetaverseLandlord

· 16h ago

49.7% profit? That sounds outrageous, this is just a trapping machine.

View OriginalReply0