Profit-taking after Binance airdrop — Walrus slides 7% despite price uptick

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Walrus climbs 7.04% today

Highlights

Walrus (WAL) is trading at $0.2401, significantly below its MA-20 ($0.3485), MA-50 ($0.3888), and MA-200 ($0.4573), confirming persistent bearish momentum.
WAL dropped 7% after its October 10, 2025 Binance listing and 32.5 million token airdrop to BNB holders triggered large-scale profit-taking and volatility.
Technical indicators show WAL remains under bearish pressure with RSI at 18.36 and projected to fluctuate between $0.2272 and $0.2367 over the next five days.

Airdrop-driven sell-off as post-listing flows pressure sentiment

Walrus experienced heightened activity following its Binance listing on October 10, 2025, as a major HODLer airdrop distributed 32.5 million tokens to eligible BNB holders. This event triggered immediate profit-taking, leading to a sharp 7% price decline due to significant sell-offs by airdrop recipients. Additional headlines highlighted further volatility from the token’s listing and funding developments, as well as ongoing discussions about future roadmap milestones.

Overwhelming bearish signals with oversold exhaustion amid mixed momentum

Technically, WAL’s price remains under steady bearish pressure, suppressed beneath all key moving averages. The closest dynamic resistance is at the Ichimoku Kijun ($0.2458), and immediate support is just above today’s low at $0.2263. Momentum is highly mixed — the ADX indicates a strong trending market, yet the MACD remains negative. RSI is extremely oversold at 18.36, Stoch RSI is neutral, and CCI also signals seller exhaustion. BBP is mildly negative, and the Awesome Oscillator is neutral, providing no clear signal for a rebound. High volatility persists with WAL trading near the session high after early buying, but the divergence between deeply oversold levels and the price uptick suggests caution.

Downside risk prevails as upside breakout remains improbable

Over the next five trading days, WAL is projected to fluctuate within a $0.2272 to $0.2367 corridor. The probability of sustained upside is under 20%, so a decline remains more likely. A sideways scenario is favored unless WAL closes decisively above $0.2458, which could open room for recovery. A close below $0.2263 would reinforce bearish momentum and expose WAL to new lows.

Anton Kharitonov, expert at Traders Union, notes that Walrus (WAL) remains structurally weak, with the price anchored below key moving averages and showing little sign of reclaiming bullish momentum following its post-listing volatility and airdrop-driven sell-off. He sees technical and sentiment indicators as mixed, with deeply oversold readings failing to trigger a convincing rebound and the probability of a sustained upside remaining very low. The analyst believes that unless WAL confidently closes above $0.2458, further downside or sideways movement is the base case. "No clear setup here — until WAL breaks above $0.2458, I’m staying on the sidelines."

Previously it was reported that the asset remained under heavy downward momentum, trading below all major moving averages. Technical indicators suggested a mixed outlook as oversold conditions clash with strong downtrend.

Source of Data: WAL Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.