$140M Raised! Is Walrus on Sui Blockchain the Future of Decentralized Storage?

Ahead of Walrus’s mainnet launch on March 27, a decentralized data storage protocol developed on the Sui blockchain has raised $140 million in a private token sale. Driven by Standard Crypto, the financing round drew big players including a16z crypto, Electric Capital, and Franklin Templeton Digital Assets. The initiative seeks to address security concerns as well as scalability problems in storage solutions based on blockchain. Walrus plans to apply Sui’s design to enable data storage to be interactive, programmable, and more efficient for AI-driven applications.

Walrus Token Sale and Its Market Impact

Walrus’s $140 million token sale is a significant turning point in the industry of decentralized storage. By combining the Sui blockchain with the protocol, security and scalability improve, therefore addressing problems other on-chain storage solutions have run up against. Walrus is seen by investors such RW3 Ventures and Franklin Templeton Digital Assets as a long-term participant in the Web3 infrastructure sector. Raised funds will be used to advance construction, create a strong ecosystem, and help those applications requiring safe, large-scale storage.

The growing need for decentralized data storage is driven by AI-powered applications depending on dependable infrastructure. Walrus’s programmable storage model seeks to provide a cost-effective, flexible replacement for conventional cloud services. Walrus is setting itself as a top option for companies in need of secure data management as blockchain adoption increases. The success of the project as its mainnet launch nears could draw more institutional interest and establish fresh standards for blockchain-based data storage innovation. Let’s take a look at the SUI blockchain price chart to analyse the SUI price prediction for the coming sessions.

SUI Price Prediction

SUI is at $2.3035 and moving inside a downtrend channel. Strong resistance near $2.50 was just tested when the price broke out and crashed afterwards. If SUI persist in trading inside this downward trend, it might try to support close to $2.28. Failure to maintain existing levels might cause more downside; a breakout above $2.34 could reflect strong bullish momentum. Approaching oversold territory, the RSI stands at 33. This implies that selling pressure could be overdone, therefore raising the chance of a quick recovery. SUI entered the overbought zone before and caused a pullback, therefore confirming the market’s response to technical points.

Chart 1: Analysed by vallijat007, published on TradingView, March 21, 2025

The MACD line is below the signal line, indicating a negative trend. A possible crossover could suggest a change in momentum. Should SUI move above $2.34, it may seek to retest the $2.50 resistance level. Should SUI be rejected at this level repeatedly, it might remain in a downward channel and thereby test $2.28 as the following main support. Whether SUI continues a recovery from oversold circumstances or whether bearish momentum carries on, traders should pay attention to this. Not holding support could cause more downward movement, while a breakout from the descending channel could indicate renewed buying interest.

Walrus’s Mainnet Launch: A Game-Changer for Decentralized Storage

Walrus’s $140 million token sale showcases increasing institutional interest in decentralized storage as AI-driven applications demand scalable solutions. Operating on the Sui blockchain, Walrus is hoping to transform data storage with programmable and interactive features upon the mainnet launch scheduled for March 27. Success could put it front and middle as a main Web3 infrastructure provider, hence drawing more capital. Still, the long-term survival will rely on corporate enthusiasm, regulatory changes, and market acceptance. Its ability in decentralized data storage will be seriously tested during the mainnet launch.