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 WAL’s recent market volatility, marked by a notable decline in its price and market cap.
Bithumb Temporarily Adjusts WAL Withdrawal Policies
Bithumb has adjusted its withdrawal policies for Walrus (WAL) temporarily. This decision follows a significant market change in WAL’s trading activities, reflecting a strategic alignment towards market stability. The adjustment was necessitated due to recent fluctuations in WAL’s 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.
WAL Price Drops 22% Amid Increased Trading
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.
Withdrawal Limit Changes Reflect Market Strategy
Such increases in withdrawal limits often occur in response to market volatility. Past incidents, like Bitcoin’s significant fluctuations, reflect similar patterns, aligning Bithumb’s strategy with market trends to manage risks and maintain exchange operability. An industry expert expressed that “Bithumb’s 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.
