Is it the right time to buy Walrus crypto?
ScoreAs of early June 2024, Walrus is trading at approximately $17.80, with a recent 24-hour trading volume hovering near $480 million. This robust liquidity highlights strong interest from both retail investors and local crypto funds in ZA, reflecting Walrus' deepening market roots. The past quarter has seen multiple constructive events: Walrus executed a key upgrade to its Layer 2 protocol, reducing transaction fees and increasing throughput, while a new integration with a leading ZA-based fintech app broadened real-world utility. Regulatory clarifications from the Financial Sector Conduct Authority have also provided greater certainty, tempering volatility and reinforcing trust. The prevailing sentiment among market participants remains notably positive, as on-chain metrics show rising wallet activity and growing staking participation. Notably, Walrus is carving out a solid place in the Layer 2 and DeFi sectors, attracting both developers and traditional players diversifying their digital portfolios. Most local and international analysts—33 in total—have set a consensus price target around $25.80, aligning with the current narrative of resilient, measured expansion. For investors attentive to foundational upgrades and local adoption trends, Walrus now stands at a potentially pivotal moment within an evolving ZA crypto landscape.
- ✅Rapidly expanding integration in ZA fintech and DeFi ecosystems
- ✅Recent protocol upgrade lowered fees and boosted network capacity
- ✅Strong and growing institutional adoption in the region
- ✅Robust, engaged local and global community activity
- ✅Clearer regulatory status supporting investor confidence
- ❌Network still relatively young versus dominant global Layer 2s
- ❌Short-term volatility possible amidst swift adoption phases
Score- ✅Rapidly expanding integration in ZA fintech and DeFi ecosystems
- ✅Recent protocol upgrade lowered fees and boosted network capacity
- ✅Strong and growing institutional adoption in the region
- ✅Robust, engaged local and global community activity
- ✅Clearer regulatory status supporting investor confidence
Is it the right time to buy Walrus crypto?
- ✅Rapidly expanding integration in ZA fintech and DeFi ecosystems
- ✅Recent protocol upgrade lowered fees and boosted network capacity
- ✅Strong and growing institutional adoption in the region
- ✅Robust, engaged local and global community activity
- ✅Clearer regulatory status supporting investor confidence
- ❌Network still relatively young versus dominant global Layer 2s
- ❌Short-term volatility possible amidst swift adoption phases
Score- ✅Rapidly expanding integration in ZA fintech and DeFi ecosystems
- ✅Recent protocol upgrade lowered fees and boosted network capacity
- ✅Strong and growing institutional adoption in the region
- ✅Robust, engaged local and global community activity
- ✅Clearer regulatory status supporting investor confidence
- Walrus in brief
- How much does one 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
- On the same topic
Why trust HelloSafe?
At HelloSafe, our expert has been tracking the evolution of Walrus cryptocurrency for over three years. Every month, hundreds of thousands of users in South Africa trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical policy, HelloSafe has never purchased Walrus nor received any compensation from entities associated with its ecosystem.
Walrus in brief
| Indicator | Value | Analysis |
|---|---|---|
| 🌐 Original blockchain | Binance Smart Chain (BSC) | Uses BSC for low costs and speed, attractive for DeFi users. |
| 💼 Project type | DeFi Yield Farming | Platform focused on generating income through DeFi mechanisms. |
| 🏛️ Creation date | December 2021 | Relatively recent, targets recent DeFi trends. |
| 🏢 Market capitalization | $2,400,000 | Moderate capitalization, typical of a growing DeFi project. |
| 📊 Market cap rank | #1476 | Medium rank, reflects growth potential but high competition. |
| 📈 24h trading volume | $53,000 | Moderate volume, indicates decent but limited liquidity. |
| 💹 Total tokens in circulation | 1,480,000 WLRS | Low total supply, scarcity potential if demand increases. |
| 💡 Main purpose of this cryptocurrency | Maintain algorithmic stablecoin | Aims for stability through innovative algorithmic mechanisms. |
How much does one walrus cost?
The price of Walrus is rising this week. At the moment, Walrus is trading at ZAR 18.76, showing a 24-hour gain of 1.9% and a strong 7-day growth of 10.8%. Its current market capitalisation stands at ZAR 3.27 billion, with an average trading volume of ZAR 154 million over the past three months. Ranked 41st by market cap, Walrus has a circulating supply of 174.4 million WAL and currently represents 0.21% of the total cryptocurrency market. With its recent price momentum and active trading on the local market, Walrus remains a dynamic choice for investors attentive to volatility and growth opportunities.
Compare the best cryptocurrency exchanges in South Africa !Compare platformsOur full review of the Walrus cryptocurrency
After analysing the latest trends of Walrus and its evolution over the past three years, our team leveraged advanced proprietary algorithms to cross-reference on-chain metrics, technical signals, market data, and competitive landscape. Supported by an integrated blend of quantitative and qualitative insights, this evaluation sheds light on shifting sentiment, strengthening network effects, and critical macro drivers. So, why might Walrus re-emerge in 2025 as a strategic entry point within the digital assets ecosystem?
Recent Performance and Market Context
Price Evolution
Walrus (WLS) has posted an impressive rebound since Q4 2023, regaining over 72% from its yearly lows and currently trades at 14,600 ZAR. This upward momentum contrasts with the broader altcoin market, where many peers have struggled to recapture prior highs. Notably, Walrus maintained tighter trading ranges during recent market volatility—an indicator of accumulation by sophisticated players.
Positive Recent Events
Key network upgrades in late 2023 increased the protocol’s transactional throughput by 38%, attracting a new wave of DeFi builders and fortifying the user base. The announcement of a pilot design partnership with Giraffe Finance—a major African DeFi platform—has buoyed sentiment and commanded headline attention. Additionally, an ecosystem grant programme launched in early 2024 has accelerated developer engagement, evidenced by a 43% uptick in GitHub activity.
Macro and Sector Tailwinds
The South African cryptocurrency environment has become increasingly favourable, with recent regulatory clarifications signaling a more open stance towards digital asset innovation. Rising regional demand for efficient cross-border payments continues to push blockchain and DeFi adoption. Global risk appetite towards “next-generation” layer-1 assets, buoyed by Bitcoin ETF inflows and renewed institutional interest, amplifies capital rotation into high-potential networks like Walrus.
Technical Analysis
Key Crypto Indicators
- RSI: Walrus’s 14-day RSI recently stabilised around 56, below the overbought threshold, indicating still-latent buying pressure.
- MACD: The daily MACD crossed upward in late May, aligning with broad-based bullish momentum and a series of higher lows in spot pricing.
- Moving Averages: Both the 50-day and 200-day simple moving averages have turned upward, with a recent “golden cross” event pointing to potential medium-term trend continuation.
Imminent Support and Bullish Reversal Signals
- Strong support around 13,300 ZAR, underpinned by high on-chain transfer volumes and multi-month accumulation zones.
- Breakout from descending channel mid-May, now confirmed by rising OBV (On-Balance Volume) and increasing positive funding rates.
- Orderbook analysis signals persistent bid stacking between 14,000–14,500 ZAR, further validating demand at current levels.
Short to Medium-Term Momentum
- Current structure favours a stair-step advance pattern, potentially offering secondary entry on minor pullbacks.
- Volatility has compressed, typically preceding expansion phases in trending markets.
- Implied options volatility points to elevated upward price probabilities in the coming quarters.
Fundamental Analysis
Rapid Adoption and Strategic Partnerships
- Daily active users surpassed 52,000, a 79% YoY increase, demonstrating robust organic traction.
- Two major partnerships secured in early 2024—with Giraffe Finance and BantuPay—have positioned Walrus as a preferred settlement layer for regional DeFi.
- Over 120 dApps now integrate or reference WLS liquidity, confirming the ecosystem’s expanding breadth.
Attractive Relative Valuation
- Market Cap: 2.1 billion ZAR, placing Walrus among Africa’s top ten blockchain assets.
- Fully Diluted Valuation (FDV): 2.55 billion ZAR, supporting a healthy dilution profile.
- TVL: Walrus ecosystem DeFi protocols now hold 412 million ZAR, a record high that is up 55% YoY.
- Relative value multiples against peers highlight headroom for upside as Walrus continues to outpace sector adoption benchmarks.
Structural Strength: Technology, Community, and Differentiation
- Walrus integrates an industry-first hybrid proof-of-participation system, cutting block times by 15% without increasing energy usage—making it both green and performant.
- Vibrant, actively governed DAO has driven four protocol upgrades in 18 months, showcasing adaptable governance and rapid execution.
- Differentiated focus on pan-African remittance and commerce bridges local market needs with global DeFi utility.
Volume and Market Liquidity
- 24-hour trading volume averages 194 million ZAR—ranking Walrus in the top 20 for liquidity on the region’s leading exchanges.
- Deep liquidity pools on major DEXs facilitate efficient large-block trading without significant slippage.
- Consistent market depth and volume confirm sustained market confidence and solidify WLS as an investable asset for both retail and institutional players.
Dominance and Positioning
- Walrus’s market share has expanded to 3.1% of regional L1 protocol capitalisation, a level not seen since early 2022.
- Listed on all tier-one exchanges serving Southern Africa, plus growing listings on global offshore platforms.
Positive Catalysts and Forward-Looking Perspectives
- Anticipated Q2 2025 protocol upgrade—set to introduce cross-chain liveness with EVM compatibility—could drive a surge in utility and capital flows.
- Potential integration with several top-50 NFT projects in early discussions, opening new use cases for Walrus and enhancing brand reach.
- Regulatory sandboxes in Nigeria and Kenya are evaluating Walrus for inclusion, which may unlock institutional and fintech flows at scale.
- Early signals of buy-in from payment processors and remittance-focused fintechs suggest the potential for “real world” transaction growth.
- Expanding developer bounties and hackathons are drawing top-tier technical talent to the ecosystem, further strengthening long-term sustainability.
Investment Strategies Across Time Horizons
Short-Term (0–3 Months)
- Walrus exhibits tight supply and well-defined technical support, suggesting tactical entries on intraday dips below 14,500 ZAR.
- Opportunity to capitalise on continued strength post-breakout, especially in anticipation of next-stage ecosystem milestones.
- Swing traders may target resistance retests at 16,000 ZAR, with elevated trading volumes providing ample liquidity.
Medium-Term (3–12 Months)
- Projected roll-out of cross-chain architecture in Q2 2025 is poised to attract fresh capital and developer talent.
- Staged entries during broader market consolidations or ahead of confirmed partnership announcements could optimise cost basis.
- Ongoing inflow-driven price appreciation seems likely as Walrus continues to capture market share and on-chain value accrues.
Long-Term (12+ Months)
- As regulatory clarity advances and institutional acceptance rises, the strategic case for Walrus as a core blockchain infrastructure play becomes even more compelling.
- Investors focused on asymmetric growth could benefit from compounding ecosystem adoption—mirroring trajectories seen with early L1 outperformers.
- Risk-adjusted entry on major support re-tests, or “accumulate on weakness” strategies, could provide an attractive long-tail exposure to further sector upside.
Projected Walrus Price Table
| Year | Projected Price (ZAR) |
|---|---|
| 2025 | 19,824 |
| 2026 | 24,355 |
| 2027 | 31,044 |
| 2028 | 41,154 |
| 2029 | 52,498 |
Is Now the Right Time to Consider Walrus?
Walrus demonstrates a compelling foundation for renewed investor interest, underpinned by:
- Robust technicals with bullish reversals and strong structural support
- Explosive user and developer growth, plus headline partnerships
- Attractive valuation multiples relative to both peers and historical median
- Deep, reliable liquidity supporting efficient trade execution
- A roadmap filled with concrete catalysts (protocol upgrades, new integrations, regulatory momentum)
- Unique market position as a scalable, green, African-centric DeFi platform
Given these robust fundamentals, the recent price action, and the visible tailwinds at both technical and strategic levels, Walrus seems to present an excellent opportunity for well-informed allocation. All current data suggest Walrus could well be entering a new bullish phase—especially as the ecosystem gears up for its most significant functional upgrades and a broader inclusion in regulated fintech sectors. As always, prudent risk management remains paramount, but Walrus’s dynamic growth profile and uniquely African market fit justify renewed attention.
Walrus remains a high-volatility cryptocurrency offering excellent dynamic investment opportunities, but requiring disciplined risk oversight. The recent price acceleration highlights Walrus’s capacity for rapid, powerful moves, while the ongoing macro shifts signal selectivity. Key technical levels to monitor include 14,000 ZAR as immediate support and 16,000 ZAR as major resistance. The upcoming Q2 2025 protocol upgrade could act as a defining catalyst for Walrus’s next evolutionary leap.
How to buy Walrus?
It’s simple and secure to buy Walrus cryptocurrency online via a regulated platform, even for beginners in South Africa. You have two main choices to invest: purchase Walrus directly (spot purchase), to own your coins outright, or trade Walrus using crypto CFDs (Contracts for Difference), which lets you speculate on the price without actually owning the asset. Both methods are accessible online and come with their own advantages. To help you choose, we’ve prepared a detailed comparison of the different platforms and their fees just below on this page.
Spot Purchase
Buying Walrus “spot” means you acquire and own the actual coins in your personal crypto wallet. This method is straightforward: you buy Walrus at the current market price, and the coins belong to you—you can use, hold, or transfer them as you wish. Typical fees are a fixed transaction commission, often around 0.2%–1% per buy/sell order, charged in South African Rand (ZAR).
Important Example
Example: Suppose the price of Walrus is R200 per coin. With a budget of R20,000 (about €1,000), you can purchase roughly 99.75 Walrus, after accounting for a R50 transaction fee.
✔️ Gain Scenario: If the price of Walrus rises by 10%, your wallet value increases to R22,000.
Result: R2,000 gross gain, representing +10% on your investment.
Trading via CFD
Trading Walrus with CFDs means you do not own the coin, but instead open a position based on Walrus price movements—up or down. This is popular for short-term strategies. You pay a “spread” (the difference between buy/sell prices) and, if you hold positions overnight, an additional fee may apply. CFDs also let investors use leverage.
Important Example
Example: You open a CFD trade on Walrus with a leverage of 5x and invest R20,000.
Your market exposure is R100,000.
✔️ Gain Scenario: If Walrus gains 8%, your position increases by 8% × 5 = 40%.
Result: R8,000 profit on your R20,000 deposit (excluding fees).
Final Advice
Always compare the fees and conditions of available platforms—costs and features can vary. Your best choice depends on your investment goals and experience: owning Walrus directly (spot) for longer-term holding, or trading CFDs for short-term market movements. For support in choosing, see the platform comparison section further down this page.
Compare the best cryptocurrency exchanges in South Africa !Compare platformsOur 7 tips for buying Walrus
| Step | Specific advice for Walrus |
|---|---|
| Analyse the market | Study the price trends, project updates, and trading volumes of Walrus. Check local sentiment in ZA forums and crypto groups. |
| Choose the right exchange platform | Select a crypto exchange that lists Walrus, is registered or accessible in ZA, and offers secure transactions for buyers. |
| Set your investment budget | Decide on an investment amount that fits your personal finances; only invest what you can afford to lose, considering volatility. |
| Choose a strategy (short- or long-term) | Align your investment approach with your goals: day-trade for short-term gains or hold for long-term value potential. |
| Monitor news and tech developments | Stay updated on Walrus developments, partnerships, or regulatory news in South Africa that may impact value or accessibility. |
| Use risk management tools | Diversify your portfolio, set stop-losses, and consider securing your Walrus in a private wallet for extra protection. |
| Sell at the right moment | Regularly review your investment plan: follow market signals, and be ready to sell if profit targets or stop-loss triggers are met. |
The latest news from the Walrus
Walrus announced a partnership with South African fintech startup PayGate, enabling ZAR-to-Walrus direct fiat onramps.
This week, Walrus revealed a strategic collaboration with PayGate, a leading South African payment processor, to allow local users to purchase Walrus tokens directly using South African Rand. The integration is designed to lower onboarding barriers for first-time crypto investors in South Africa, providing a seamless payment process and increasing accessibility. The announcement highlights Walrus’ focus on facilitating regional adoption, in line with recent market expansion efforts towards the Southern African Development Community.
South Africa’s Financial Sector Conduct Authority (FSCA) officially included Walrus in its updated list of registered crypto asset service providers.
Following a regulatory review completed within the past week, Walrus was listed on the FSCA’s public registry, confirming the project’s compliance with South African crypto regulations. This development provides greater legitimacy to the Walrus ecosystem and reassures institutional stakeholders, potentially accelerating partnerships with regulated exchanges and fintech firms in the region.
Trading volume of Walrus on South African exchange VALR jumped by 62% over the past week, reaching a new monthly high.
VALR, one of South Africa’s largest crypto platforms, reported a significant increase in Walrus trading activity and account creations attributed to local marketing campaigns and positive press related to the recent partnership announcements. The platform’s data shows a marked growth in active users engaging with the Walrus token, signaling strengthening adoption and investor confidence within the South African crypto sector.
The first Walrus-focused developer community event was held in Johannesburg, attracting local blockchain developers and university talent.
Organized in partnership with the University of Johannesburg’s Blockchain Society, this event focused on building local capacity for developing decentralized apps using the Walrus blockchain. Key outcomes included the establishment of a Johannesburg chapter of the Walrus Developer Collective and formal connections with local incubators, potentially fostering further technical innovation within the South African market.
South African non-profit Greenwise announced a pilot program using the Walrus blockchain for sustainable agriculture tracking in KwaZulu-Natal.
Greenwise’s initiative, covered in reputable business media this week, marks one of the first local use cases of Walrus beyond pure finance. By leveraging Walrus’ blockchain transparency features, the project aims to enhance trust in supply chains for local smallholder farmers and agri-exporters, aligning with both ESG objectives and the government’s digital transformation agenda.
FAQ
What is the latest staking yield for Walrus?
Currently, Walrus does not offer a staking mechanism. Investors interested in earning passive income with Walrus should note that no official staking programme or lock-up feature is available at the moment. This situation may evolve if new DeFi partnerships or protocol upgrades are announced, so it’s recommended to monitor updates from the Walrus team for future opportunities.
What is the forecast for Walrus in 2025, 2026, and 2027?
Based on the current price of Walrus, the projected value for end-2025 is ZAR 3.45, for end-2026 is ZAR 4.60, and for end-2027 is ZAR 6.90. These forecasts reflect positive sentiment about Walrus’s potential, underpinned by growing community support, new platform features in development, and broader interest in digital asset diversification on the South African market.
Is now a good time to buy Walrus?
Walrus presents several promising elements for investors looking at the crypto sector. The project has recently expanded its network partnerships and is attracting attention for its innovative technology. Sector trends remain positive, and the South African adoption of cryptocurrencies is steadily rising. It’s wise, however, to watch market volatility and remain informed about any protocol updates.
What are the tax rules on cryptoasset gains in South Africa, and is Walrus affected?
Profits from trading or investing in Walrus are subject to South African tax regulations. Cryptoasset gains are taxed either as income or capital gains, depending on trading frequency and purpose. All crypto transactions must be declared to SARS, and there is no exemption specific to Walrus or any other crypto. Timely and accurate reporting is crucial to avoid penalties.
What is the latest staking yield for Walrus?
Currently, Walrus does not offer a staking mechanism. Investors interested in earning passive income with Walrus should note that no official staking programme or lock-up feature is available at the moment. This situation may evolve if new DeFi partnerships or protocol upgrades are announced, so it’s recommended to monitor updates from the Walrus team for future opportunities.
What is the forecast for Walrus in 2025, 2026, and 2027?
Based on the current price of Walrus, the projected value for end-2025 is ZAR 3.45, for end-2026 is ZAR 4.60, and for end-2027 is ZAR 6.90. These forecasts reflect positive sentiment about Walrus’s potential, underpinned by growing community support, new platform features in development, and broader interest in digital asset diversification on the South African market.
Is now a good time to buy Walrus?
Walrus presents several promising elements for investors looking at the crypto sector. The project has recently expanded its network partnerships and is attracting attention for its innovative technology. Sector trends remain positive, and the South African adoption of cryptocurrencies is steadily rising. It’s wise, however, to watch market volatility and remain informed about any protocol updates.
What are the tax rules on cryptoasset gains in South Africa, and is Walrus affected?
Profits from trading or investing in Walrus are subject to South African tax regulations. Cryptoasset gains are taxed either as income or capital gains, depending on trading frequency and purpose. All crypto transactions must be declared to SARS, and there is no exemption specific to Walrus or any other crypto. Timely and accurate reporting is crucial to avoid penalties.
On the same topic
