$WAL traded from 0.0379 to 0.0643 over the last twenty four hours and sits at 0.0618, up 62.8 percent.
Volume is the number that frames the session. 213.9 million dollars changed hands against a 159.9 million dollar market cap, so the token turned over 1.34 times its entire capitalisation in one day. On the main pair that is 33.0 million against a 1.0 million thirty day average, 32 times a normal session, spread across 466,335 trades.
Leverage arrived after the move. Open interest on the perpetual was 72.4 million tokens at 18:00 UTC yesterday and reads 245.9 million now, up 239.7 percent. In dollars, 2.8 million to 14.7 million.
Funding says which side was being added. The last five settlements read -0.0121, -0.1902, -0.6321, -0.7775 and -0.3937 percent, after printing +0.0029 percent yesterday afternoon. Shorts paid longs 0.78 percent in a single eight hour window. The long short account ratio moved the same way, 1.41 to 1.24 to 1.12 to 1.01, so accounts were getting less long while price rose 62 percent.
The session came in two bursts. 05:00 to 07:00 UTC lifted it from 0.0407 to 0.0500 on 5.6 million of hourly volume, then 16:00 to 18:00 UTC carried it from 0.0527 to the 0.0643 high on 7.6 million, the two heaviest hours of the day.
Supply context: 2.617 billion tokens circulate out of 5.0 billion total, which puts fully diluted value at 305.5 million against the 159.9 million cap.
The token is up 112.9 percent over 30 days and 140.2 percent over 60, and today's 0.0643 is the highest it has traded since 1 June.
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Volume is the number that frames the session. 213.9 million dollars changed hands against a 159.9 million dollar market cap, so the token turned over 1.34 times its entire capitalisation in one day. On the main pair that is 33.0 million against a 1.0 million thirty day average, 32 times a normal session, spread across 466,335 trades.
Leverage arrived after the move. Open interest on the perpetual was 72.4 million tokens at 18:00 UTC yesterday and reads 245.9 million now, up 239.7 percent. In dollars, 2.8 million to 14.7 million.
Funding says which side was being added. The last five settlements read -0.0121, -0.1902, -0.6321, -0.7775 and -0.3937 percent, after printing +0.0029 percent yesterday afternoon. Shorts paid longs 0.78 percent in a single eight hour window. The long short account ratio moved the same way, 1.41 to 1.24 to 1.12 to 1.01, so accounts were getting less long while price rose 62 percent.
The session came in two bursts. 05:00 to 07:00 UTC lifted it from 0.0407 to 0.0500 on 5.6 million of hourly volume, then 16:00 to 18:00 UTC carried it from 0.0527 to the 0.0643 high on 7.6 million, the two heaviest hours of the day.
Supply context: 2.617 billion tokens circulate out of 5.0 billion total, which puts fully diluted value at 305.5 million against the 159.9 million cap.
The token is up 112.9 percent over 30 days and 140.2 percent over 60, and today's 0.0643 is the highest it has traded since 1 June.
Follow me for daily positioning and on-chain breakdowns.
#walrus #depin #altcoin #crypto #coinmarketcap