The migration of "Institutional Wallets" (Institutional Wallets)
On-chain data shows an unusual shift from cold storage wallets (Cold Wallets) tagged with top venture capital funds. Instead of continuing to stake to secure the network, more than 150 million $WAL have been unlocked (unstaked) in just the past 14 days.
• Splitting order: Instead of transferring a large lump that causes panic, these entities are breaking down the amount of tokens into packages of 50,000 - 100,000 $WAL and pushing them onto exchanges through intermediary wallets (Mixer-like behavior) to erase traces.
• Surge in exchange balances: The total amount $WAL on CEX exchanges has increased by 24% in just the past week, while the price remains stable thanks to the virtual "buy walls" from Market Makers hired by funds.
2. The "iron fist" of Market Makers (MM)
Stay alert: When you see lush green volume columns but the price is not breaking out, it is a sign of distribution.
• Creating virtual liquidity: MM wallets are continuously executing cross buy-sell orders (wash trading) to create a lively appearance, luring retail investors to "jump in" for fear of missing out (FOMO).
• Absorbing buying power: Every attempt to push the price by the community is extinguished by a supply hanging just above. Funds are using your excitement about the "RedStuff" technology to create liquidity for cash withdrawal without crashing the price immediately.
3. Traces from "Insider" wallets
Not only the funds, but even some wallets believed to belong to the early development team are also taking early profit-taking actions through decentralized exchanges (DEX) on the Sui network to avoid attracting the attention of CEX wallet tracking tools.
• Swapping to Stablecoin: The spike in the $WAL/USDC pair on DEX indicates that the demand for retreating to safe assets is extremely high.
• The terrifying silence: While the cash flow is strong, Walrus's official media channels still only focus on dry technical updates. This is a classic "misleading" tactic: Keeping the crowd busy with technology while their wallets are being emptied.
Conclusion: The numbers do not lie. March 2026 is no longer a distant milestone; it is the deadline for a game where those holding information have already prepared an exit. If you find yourself intoxicated by the prospect of eternal storage, remember: Data can be eternal, but your profits cannot. It’s time to stop dreaming and start managing risk before these "Walruses" turn into real "Sharks" and devour your account. 📉🎯🚀
