Temporary Increase in Walrus (WAL) Withdrawals on Bithumb
On March 28, 2025, Bithumb announced a temporary increase in withdrawal limits for the Walrus (WAL) cryptocurrency, responding to significant changes in trading activity on its platform. This adjustment is aimed at accommodating users amidst WALs recent market volatility, marked by a notable decline in its price and market cap. Bithumb has adjusted its withdrawal policies for Walrus (WAL) temporarily. This decision follows a significant market change in WALs trading activities, reflecting a strategic alignment towards market stability. The adjustment was necessitated due to recent fluctuations in WALs market performance. This comes as WAL experienced a marked decline in trading volume and a notable drop in price, necessitating structural changes to withdrawal capacities. Walrus (WAL), traded on Sui Network, is experiencing a price of $0.51 amid significant trading activity. With a market cap of $632 million and a 24-hour volume of around $454 million, WAL has declined by over 22% over several timeframes, according to CoinMarketCap. Analysts suggest this decision by Bithumb could stabilize the market by controlling liquidity and market exposure. Historical trends hint at potential regulatory consequences, especially if volatility persists, leading to broader scrutiny from financial authorities. Such increases in withdrawal limits often occur in response to market volatility. Past incidents, like Bitcoins significant fluctuations, reflect similar patterns, aligning Bithumbs strategy with market trends to manage risks and maintain exchange operability. An industry expert expressed that Bithumbs implemented trade restrictions for WAL indicate a commitment to market stability at the onset of trading. Experts from Kanalcoin highlight that this could mitigate investor panic and align Bithumb with global market movements. Historical data supports that strategic adjustments in withdrawal limitations often yield market stability and confidence.Bithumb Temporarily Adjusts WAL Withdrawal Policies
WAL Price Drops 22% Amid Increased Trading
Withdrawal Limit Changes Reflect Market Strategy
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Text source: Kanalcoin
