The Walrus price was trading at $0.05442 with an intraday gain of 45% with the market capitalization of $145.209M. Walrus (WAL) price has surged by 60% in just 6 days, showing bulls’ dominance. Its trading volume has increased by around 1000% to $119.817M which shows a rapid surge in traders’ interest.
As per CoinGlass, its funding rate has turned extremely negative to -1.03% but WAL coin is bullish. Open Interest was rising continuously with the price. This data suggests that perpetuals are selling but the Walrus price is rising continuously. It is expected that spots are buying and can drive the bullish trend further. The technical chart suggests that the Walrus coin has triggered a breakout on a daily timeframe and can perform positively for the next few days.